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State of Tennessee, Department of Treasury Portfolio holdings
AUM
$29.8B
1-Year Est. Return
29.48%
This Fund
S&P 500
This Quarter
Est. Return
-11.86%
1 Year Est. Return
+29.48%
3 Year Est. Return
+87.58%
5 Year Est. Return
+114.9%
10 Year Est. Return
+444.03%
AUM
$18.3B
AUM Growth
-$2.24B
(-11%)
Cap. Flow
+$606M
Cap. Flow
% of AUM
3.3%
Top 10 Holdings %
Top 10 Hldgs %
18.13%
Holding
1,660
New
81
Increased
925
Reduced
519
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$105M |
| 2 |
Verizon
VZ
|
+$93.1M |
| 3 |
Cigna
CI
|
+$65M |
| 4 |
Baxter International
BAX
|
+$51.6M |
| 5 |
3M
MMM
|
+$50.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$91.6M |
| 2 |
PX
Praxair Inc
PX
|
+$81.6M |
| 3 |
Medtronic
MDT
|
+$75.1M |
| 4 |
AT&T
T
|
+$64.2M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$59.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.41% |
| 2 | Financials | 13.34% |
| 3 | Healthcare | 12.47% |
| 4 | Industrials | 8.69% |
| 5 | Consumer Discretionary | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Intuitive Surgical
ISRG
$142B
| $43.1M | 0.24% |
270,174
-138,381
| -34% | -$23.4M |
|
102
Skyworks Solutions
SWKS
$10.4B
| $42.4M | 0.23% |
632,691
-76,458
| -11% | -$5.9M |
|
103
Western Digital
WDC
$168B
| $42.4M | 0.23% |
1,516,801
+173,903
| +13% | +$6.16M |
|
104
Estee Lauder
EL
$31.6B
| $42.3M | 0.23% |
325,463
-10,267
| -3% | -$1.39M |
|
105
Enbridge
ENB
$112B
| $42M | 0.23% |
1,352,448
+24,362
| +2% | +$783K |
|
106
Parker-Hannifin
PH
$133B
| $41.7M | 0.23% |
279,454
+127,988
| +84% | +$20.7M |
|
107
iShares MSCI Poland ETF
EPOL
$814M
| $41M | 0.22% |
1,778,965
| – | – |
|
108
iShares Biotechnology ETF
IBB
$9.83B
| $40.7M | 0.22% |
+422,400
| New | +$44.8M |
|
109
Alaska Air
ALK
$5.34B
| $40.2M | 0.22% |
661,329
+357,069
| +117% | +$23.1M |
|
|
CELG
110
DELISTED
Celgene Corp
CELG
| $39.9M | 0.22% |
622,628
+465,617
| +297% | +$34.4M |
|
111
Eli Lilly
LLY
$1.09T
| $39.3M | 0.21% |
339,405
+22,652
| +7% | +$2.53M |
|
|
CERN
112
DELISTED
Cerner Corp
CERN
| $39.1M | 0.21% |
744,885
+671,442
| +914% | +$38.9M |
|
113
PayPal
PYPL
$50.9B
| $37.9M | 0.21% |
450,257
+82,241
| +22% | +$6.85M |
|
114
Quest Diagnostics
DGX
$26.2B
| $37.6M | 0.2% |
451,262
+345,754
| +328% | +$32.4M |
|
115
Waste Management
WM
$90B
| $37.2M | 0.2% |
418,406
+294,292
| +237% | +$26.4M |
|
116
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $37.1M | 0.2% |
1,001,100
+46,900
| +5% | +$1.86M |
|
117
Oneok
OKE
$58.7B
| $37M | 0.2% |
685,462
-145,200
| -17% | -$9.02M |
|
118
FirstEnergy
FE
$27.3B
| $36.7M | 0.2% |
977,611
+43,449
| +5% | +$1.65M |
|
119
Oracle
ORCL
$445B
| $36.5M | 0.2% |
809,341
+89,642
| +12% | +$4.3M |
|
120
Suncor Energy
SU
$76.1B
| $35.8M | 0.2% |
1,283,335
-18,600
| -1% | -$618K |
|
121
PNC Financial Services
PNC
$102B
| $35.7M | 0.19% |
305,613
+15,930
| +5% | +$2.03M |
|
122
iShares MSCI Chile ETF
ECH
$1.03B
| $35.4M | 0.19% |
854,327
| – | – |
|
123
iShares MSCI Philippines ETF
EPHE
$146M
| $35.1M | 0.19% |
1,102,378
| – | – |
|
124
Micron Technology
MU
$1.08T
| $35.1M | 0.19% |
1,106,348
-665,950
| -38% | -$25.2M |
|
125
Chubb
CB
$132B
| $34.8M | 0.19% |
269,415
+166,001
| +161% | +$21.5M |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q4 2018 Portfolio in Review
As of Q4 2018, State of Tennessee, Department of Treasury held 1,660 positions worth $18.3B, down 11% from $20.6B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
State of Tennessee, Department of Treasury deployed $606M of net new capital in Q4 2018, opening 81 new positions and adding to 925 existing holdings. Its largest new stake was iShares Biotechnology ETF: 422,400 shares worth $40.7M.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 16% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Medtronic, an estimated $75.1M trimmed.
- State of Tennessee, Department of Treasury's largest Q4 2018 buy was iShares Biotechnology ETF: 422,400 shares worth $40.7M.
- State of Tennessee, Department of Treasury added most to Merck in Q4 2018, an estimated $105M increase.
- State of Tennessee, Department of Treasury's biggest Q4 2018 reduction was Medtronic, cutting an estimated $75.1M.
- State of Tennessee, Department of Treasury fully exited Royal Bank of Canada in Q4 2018, selling an estimated $91.6M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 18% of its $18.3B portfolio in Q4 2018.
- State of Tennessee, Department of Treasury opened 81 new positions and closed 95 in Q4 2018.
- State of Tennessee, Department of Treasury's portfolio value fell 11% quarter-over-quarter to $18.3B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2018, filed 11 Feb 2019.