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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
-2.92%
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
$24.8B
AUM Growth
+$869M
(+3.6%)
Cap. Flow
+$1.84B
Cap. Flow
% of AUM
7.43%
Top 10 Holdings %
Top 10 Hldgs %
26.09%
Holding
1,768
New
61
Increased
590
Reduced
666
Closed
169
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$602M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$277M |
| 3 |
Vanguard Long-Term Corporate Bond ETF
VCLT
|
+$276M |
| 4 |
iShares MBS ETF
MBB
|
+$271M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$231M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$71M |
| 2 |
Coca-Cola
KO
|
+$68.5M |
| 3 |
Mastercard
MA
|
+$59M |
| 4 |
PepsiCo
PEP
|
+$50.7M |
| 5 |
Archer Daniels Midland
ADM
|
+$49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.35% |
| 2 | Financials | 9.67% |
| 3 | Healthcare | 8.91% |
| 4 | Consumer Discretionary | 7.95% |
| 5 | Industrials | 7.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Triumph Financial Inc
TFIN
$1.87B
| $498K | ﹤0.01% |
7,687
| – | – |
|
|
HPP
1302
Hudson Pacific Properties
HPP
$787M
| $494K | ﹤0.01% |
10,618
-205
| -2% | -$8.8K |
|
|
ZEUS
1303
DELISTED
Olympic Steel
ZEUS
| $494K | ﹤0.01% |
8,783
| – | – |
|
1304
Cheesecake Factory
CAKE
$5.57B
| $493K | ﹤0.01% |
16,279
| – | – |
|
|
SPTN
1305
DELISTED
SpartanNash
SPTN
| $490K | ﹤0.01% |
22,259
+1,486
| +7% | +$32.8K |
|
1306
Veeco
VECO
$3.28B
| $489K | ﹤0.01% |
17,404
| – | – |
|
1307
Myers Industries
MYE
$1.25B
| $486K | ﹤0.01% |
27,126
| – | – |
|
|
PACW
1308
DELISTED
PacWest Bancorp
PACW
| $486K | ﹤0.01% |
61,441
| – | – |
|
|
FL
1309
DELISTED
Foot Locker
FL
| $478K | ﹤0.01% |
27,570
-24,621
| -47% | -$551K |
|
1310
Lumentum
LITE
$78B
| $478K | ﹤0.01% |
10,577
-26,429
| -71% | -$1.34M |
|
|
BBT
1311
Beacon Financial Corp
BBT
$2.71B
| $477K | ﹤0.01% |
23,787
| – | – |
|
1312
Brinker International
EAT
$10.2B
| $473K | ﹤0.01% |
14,962
-3,583
| -19% | -$125K |
|
1313
World Kinect Corp
WKC
$1.9B
| $472K | ﹤0.01% |
21,041
| – | – |
|
|
RWT
1314
Redwood Trust
RWT
$599M
| $470K | ﹤0.01% |
65,865
-1,108
| -2% | -$8.16K |
|
|
HBI
1315
DELISTED
Hanesbrands
HBI
| $468K | ﹤0.01% |
118,275
| – | – |
|
1316
Resources Connection
RGP
$145M
| $465K | ﹤0.01% |
31,218
| – | – |
|
1317
Park National Corp
PRK
$3.75B
| $465K | ﹤0.01% |
4,918
| – | – |
|
1318
Vontier
VNT
$4.47B
| $464K | ﹤0.01% |
15,000
-68,794
| -82% | -$2.12M |
|
1319
OraSure Technologies
OSUR
$277M
| $462K | ﹤0.01% |
77,971
+26,129
| +50% | +$147K |
|
|
UCTT
1320
Ultra Clean Holdings
UCTT
$4.21B
| $459K | ﹤0.01% |
15,461
| – | – |
|
1321
Safety Insurance
SAFT
$1.52B
| $459K | ﹤0.01% |
6,724
+1,716
| +34% | +$119K |
|
|
ARR
1322
Armour Residential REIT
ARR
$2.37B
| $458K | ﹤0.01% |
21,565
+2,408
| +13% | +$59.3K |
|
|
EFC
1323
Ellington Financial
EFC
$1.76B
| $457K | ﹤0.01% |
36,673
-550
| -1% | -$7.32K |
|
1324
City Holding Co
CHCO
$2.08B
| $456K | ﹤0.01% |
5,048
| – | – |
|
|
ADAM
1325
Adamas Trust
ADAM
$907M
| $453K | ﹤0.01% |
53,390
-1,392
| -3% | -$13.2K |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q3 2023 Portfolio in Review
As of Q3 2023, State of Tennessee, Department of Treasury held 1,768 positions worth $24.8B, up 3.6% from $23.9B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
State of Tennessee, Department of Treasury deployed $1.84B of net new capital in Q3 2023, opening 61 new positions and adding to 590 existing holdings. Its largest new stake was Kenvue: 1,004,827 shares worth $20.2M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 21% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Marathon Petroleum, an estimated $71M trimmed.
- State of Tennessee, Department of Treasury's largest Q3 2023 buy was Kenvue: 1,004,827 shares worth $20.2M.
- State of Tennessee, Department of Treasury added most to Vanguard Morningstar Total Stock Market ETF in Q3 2023, an estimated $602M increase.
- State of Tennessee, Department of Treasury's biggest Q3 2023 reduction was Marathon Petroleum, cutting an estimated $71M.
- State of Tennessee, Department of Treasury fully exited State Street Consumer Staples Select Sector SPDR ETF in Q3 2023, selling an estimated $23.5M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 26% of its $24.8B portfolio in Q3 2023.
- State of Tennessee, Department of Treasury opened 61 new positions and closed 169 in Q3 2023.
- State of Tennessee, Department of Treasury's portfolio value rose 3.6% quarter-over-quarter to $24.8B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2023, filed 14 Nov 2023.