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State of Tennessee, Department of Treasury

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
Cap. Flow
+$1.84B
Cap. Flow %
7.43%
Top 10 Hldgs %
26.09%
Holding
1,768
New
61
Increased
590
Reduced
666
Closed
169

Top Buys

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$602M
2
VCIT icon
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
+$277M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$276M
4
MBB icon
iShares MBS ETF
MBB
+$271M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$231M

Top Sells

Rank Stock Value
1
MPC icon
Marathon Petroleum
MPC
+$71M
2
KO icon
Coca-Cola
KO
+$68.5M
3
MA icon
Mastercard
MA
+$59M
4
PEP icon
PepsiCo
PEP
+$50.7M
5
ADM icon
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
AAPL icon
1
Apple
AAPL
$4.44T
$1.06B 4.27%
6,176,949
-139,550
-2% -$25.6M
VTI icon
2
Vanguard Morningstar Total Stock Market ETF
VTI
$695B
$1.02B 4.11%
4,788,852
+2,721,091
+132% +$602M
MSFT icon
3
Microsoft
MSFT
$3.71T
$974M 3.93%
3,084,801
-32,528
-1% -$10.7M
EWT icon
4
iShares MSCI Taiwan ETF
EWT
$11.6B
$545M 2.2%
12,235,872
+609,756
+5% +$28.2M
AMZN icon
5
Amazon
AMZN
$2.9T
$493M 1.99%
3,875,369
-45,121
-1% -$6.05M
VCIT icon
6
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.9B
$492M 1.99%
6,481,600
+3,556,890
+122% +$277M
EWY icon
7
iShares MSCI South Korea ETF
EWY
$27.4B
$482M 1.95%
8,184,977
+348,676
+4% +$22.1M
MBB icon
8
iShares MBS ETF
MBB
$39.2B
$475M 1.92%
5,353,296
+2,959,840
+124% +$271M
VCLT icon
9
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.81B
$468M 1.89%
6,532,400
+3,656,761
+127% +$276M
NVDA icon
10
NVIDIA
NVDA
$5.46T
$455M 1.84%
10,464,270
+638,990
+7% +$28.6M
VEA icon
11
Vanguard FTSE Developed Markets ETF
VEA
$239B
$435M 1.76%
9,945,191
+5,055,370
+103% +$231M
INDA icon
12
iShares MSCI India ETF
INDA
$6.59B
$395M 1.6%
8,942,218
+520,711
+6% +$23M
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.21T
$371M 1.5%
2,813,609
-132,823
-5% -$17.3M
VNQ icon
14
Vanguard Real Estate ETF
VNQ
$39B
$324M 1.31%
4,285,002
+2,162,115
+102% +$178M
META icon
15
Meta Platforms (Facebook)
META
$1.5T
$294M 1.19%
979,578
-3,125
-0.3% -$942K
TSLA icon
16
Tesla
TSLA
$1.31T
$280M 1.13%
1,120,616
+608
+0.1% +$156K
BRK.B icon
17
Berkshire Hathaway Class B
BRK.B
$1.09T
$266M 1.07%
759,215
+152,473
+25% +$54.1M
GOOGL icon
18
Alphabet (Google) Class A
GOOGL
$4.23T
$250M 1.01%
1,908,842
-1,295
-0.1% -$168K
EWZ icon
19
iShares MSCI Brazil ETF
EWZ
$8.59B
$240M 0.97%
7,836,826
+317,534
+4% +$10.1M
PLD icon
20
Prologis
PLD
$135B
$230M 0.93%
2,053,297
+135,761
+7% +$16.6M
HYG icon
21
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$219M 0.88%
2,970,422
+1,944,787
+190% +$145M
VOO icon
22
Vanguard S&P 500 ETF
VOO
$1.04T
$213M 0.86%
543,639
-47,961
-8% -$19.6M
JPM icon
23
JPMorgan Chase
JPM
$966B
$210M 0.85%
1,445,385
-85,911
-6% -$12.9M
INDY icon
24
iShares S&P India Nifty 50 Index Fund
INDY
$563M
$208M 0.84%
4,602,274
– –
XOM icon
25
ExxonMobil
XOM
$651B
$205M 0.83%
1,741,271
+126,987
+8% +$13.9M
1
2 3 4 5

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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.