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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
+8.93%
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
$30B
AUM Growth
+$2.08B
(+7.4%)
Cap. Flow
+$106M
Cap. Flow
% of AUM
0.35%
Top 10 Holdings %
Top 10 Hldgs %
29.35%
Holding
1,792
New
70
Increased
606
Reduced
553
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franklin FTSE India ETF
FLIN
|
+$200M |
| 2 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$68.8M |
| 3 |
Prologis
PLD
|
+$33.9M |
| 4 |
Vanguard Real Estate ETF
VNQ
|
+$26.4M |
| 5 |
Chevron
CVX
|
+$21.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI India ETF
INDA
|
+$210M |
| 2 |
JPMorgan Ultra-Short Income ETF
JPST
|
+$40.1M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$36.8M |
| 4 |
First Trust Preferred Securities and Income ETF
FPE
|
+$32.6M |
| 5 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$25.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.21% |
| 2 | Financials | 11.75% |
| 3 | Consumer Discretionary | 8.67% |
| 4 | Communication Services | 7.17% |
| 5 | Industrials | 6.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
Forward Air
FWRD
$676M
| $116K | ﹤0.01% |
4,542
| – | – |
|
1702
Caleres
CAL
$462M
| $114K | ﹤0.01% |
8,741
| – | – |
|
1703
Thryv Holdings
THRY
$93.3M
| $107K | ﹤0.01% |
8,893
| – | – |
|
1704
Xerox
XRX
$411M
| $104K | ﹤0.01% |
27,606
| – | – |
|
1705
Jack in the Box
JACK
$359M
| $100K | ﹤0.01% |
5,071
| – | – |
|
1706
RPC Inc
RES
$1.39B
| $97.8K | ﹤0.01% |
20,549
| – | – |
|
1707
Heartland Express
HTLD
$987M
| $96.3K | ﹤0.01% |
11,490
| – | – |
|
1708
Titan International
TWI
$448M
| $94.9K | ﹤0.01% |
12,558
| – | – |
|
1709
MGP Ingredients
MGPI
$390M
| $91.9K | ﹤0.01% |
3,799
| – | – |
|
1710
Kornit Digital
KRNT
$842M
| $90K | ﹤0.01% |
6,667
+4,934
| +285% | +$83.8K |
|
1711
Corsair Gaming
CRSR
$1.47B
| $88.3K | ﹤0.01% |
9,901
| – | – |
|
|
SHOE
1712
Shoe Station Group
SHOE
$420M
| $87.8K | ﹤0.01% |
4,224
| – | – |
|
|
ACH
1713
Accendra Health
ACH
$85.4M
| $85.6K | ﹤0.01% |
17,825
-17,313
| -49% | -$110K |
|
1714
Mesa Laboratories
MLAB
$628M
| $83K | ﹤0.01% |
1,238
-1,983
| -62% | -$143K |
|
1715
B&G Foods
BGS
$295M
| $78.4K | ﹤0.01% |
17,693
| – | – |
|
1716
Central Garden & Pet Co
CENT
$2.79B
| $78.4K | ﹤0.01% |
2,400
| – | – |
|
|
MTLS
1717
Materialise
MTLS
$391M
| $72.4K | ﹤0.01% |
12,995
| – | – |
|
|
BWAY
1718
Brainsway
BWAY
$678M
| $66.4K | ﹤0.01% |
8,812
+2,936
| +50% | +$20.3K |
|
1719
Simulations Plus
SLP
$370M
| $59.6K | ﹤0.01% |
3,956
-7,235
| -65% | -$105K |
|
|
NEXN
1720
Nexxen International
NEXN
$586M
| $53.3K | ﹤0.01% |
5,764
-27,110
| -82% | -$269K |
|
|
MGIC
1721
DELISTED
Magic Software Enterprises
MGIC
| $48.8K | ﹤0.01% |
2,389
| – | – |
|
1722
Immunocore
IMCR
$1.74B
| $44.6K | ﹤0.01% |
1,227
-2,987
| -71% | -$101K |
|
1723
TechTarget
TTGT
$275M
| $38.1K | ﹤0.01% |
6,565
| – | – |
|
|
CHCT
1724
Community Healthcare Trust
CHCT
$436M
| $30.2K | ﹤0.01% |
1,972
| – | – |
|
|
TRVG
1725
trivago
TRVG
$366M
| $20K | ﹤0.01% |
5,988
| – | – |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q3 2025 Portfolio in Review
As of Q3 2025, State of Tennessee, Department of Treasury held 1,792 positions worth $30B, up 7.4% from $28B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
State of Tennessee, Department of Treasury's Q3 2025 filing shows 70 new, 606 increased, 553 reduced and 65 closed positions. Its largest new stake was Franklin FTSE India ETF: 5,213,024 shares worth $194M. The largest sale was iShares MSCI India ETF, an estimated $210M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.
- State of Tennessee, Department of Treasury's largest Q3 2025 buy was Franklin FTSE India ETF: 5,213,024 shares worth $194M.
- State of Tennessee, Department of Treasury added most to Prologis in Q3 2025, an estimated $33.9M increase.
- State of Tennessee, Department of Treasury's biggest Q3 2025 reduction was iShares MSCI India ETF, cutting an estimated $210M.
- State of Tennessee, Department of Treasury fully exited First Trust Preferred Securities and Income ETF in Q3 2025, selling an estimated $32.6M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 29% of its $30B portfolio in Q3 2025.
- State of Tennessee, Department of Treasury opened 70 new positions and closed 65 in Q3 2025.
- State of Tennessee, Department of Treasury's portfolio value rose 7.4% quarter-over-quarter to $30B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2025, filed 14 Nov 2025.