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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
+13.04%
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
$28B
AUM Growth
+$1.89B
(+7.3%)
Cap. Flow
-$694M
Cap. Flow
% of AUM
-2.48%
Top 10 Holdings %
Top 10 Hldgs %
29.49%
Holding
1,782
New
63
Increased
481
Reduced
719
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Prologis
PLD
|
+$28.9M |
| 2 |
Coinbase
COIN
|
+$16.3M |
| 3 |
Capital One
COF
|
+$16M |
| 4 |
McDonald's
MCD
|
+$15.8M |
| 5 |
iShares Fallen Angels USD Bond ETF
FALN
|
+$15.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MBS ETF
MBB
|
+$233M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$202M |
| 3 |
NVIDIA
NVDA
|
+$33.5M |
| 4 |
Icon
ICLR
|
+$28.6M |
| 5 |
Microsoft
MSFT
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.16% |
| 2 | Financials | 11.97% |
| 3 | Consumer Discretionary | 8.55% |
| 4 | Industrials | 7.22% |
| 5 | Communication Services | 6.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Vulcan Materials
VMC
$36B
| $9.61M | 0.03% |
36,839
+3,186
| +9% | +$819K |
|
377
Synchrony
SYF
$26.1B
| $9.54M | 0.03% |
142,879
-622
| -0.4% | -$34.8K |
|
378
Ball Corp
BALL
$16.4B
| $9.4M | 0.03% |
167,594
+33,301
| +25% | +$1.74M |
|
379
W.R. Berkley
WRB
$26.2B
| $9.33M | 0.03% |
126,966
+44,882
| +55% | +$3.22M |
|
380
Fastenal
FAST
$58.9B
| $9.32M | 0.03% |
221,790
+87,564
| +65% | +$3.55M |
|
381
Valero Energy
VLO
$98.7B
| $9.27M | 0.03% |
68,935
-28,877
| -30% | -$3.6M |
|
382
International Flavors & Fragrances
IFF
$21.4B
| $9.23M | 0.03% |
125,538
-1,324
| -1% | -$100K |
|
383
Keysight
KEYS
$60.5B
| $9.22M | 0.03% |
56,252
-52,025
| -48% | -$7.93M |
|
384
Martin Marietta Materials
MLM
$32.7B
| $9.1M | 0.03% |
16,574
+1,636
| +11% | +$865K |
|
385
CoStar Group
CSGP
$13.4B
| $9.09M | 0.03% |
113,112
+37,782
| +50% | +$2.94M |
|
386
Jabil
JBL
$38.8B
| $9.09M | 0.03% |
41,674
-6,500
| -13% | -$1.05M |
|
387
Hershey
HSY
$37.4B
| $9.06M | 0.03% |
54,612
-750
| -1% | -$124K |
|
388
Centene
CNC
$32.6B
| $9.06M | 0.03% |
166,964
-29,727
| -15% | -$1.74M |
|
389
Ulta Beauty
ULTA
$22.2B
| $9.02M | 0.03% |
19,274
+4,631
| +32% | +$1.91M |
|
390
VICI Properties
VICI
$29B
| $8.98M | 0.03% |
275,471
-5,355
| -2% | -$170K |
|
391
Brown & Brown
BRO
$24B
| $8.93M | 0.03% |
80,534
-16,537
| -17% | -$1.86M |
|
392
Northern Trust
NTRS
$34.8B
| $8.92M | 0.03% |
70,376
-20,101
| -22% | -$2.06M |
|
393
Baker Hughes
BKR
$63B
| $8.91M | 0.03% |
232,265
+1,646
| +0.7% | +$62.1K |
|
394
Willis Towers Watson
WTW
$31B
| $8.88M | 0.03% |
28,981
-13,187
| -31% | -$4.09M |
|
395
Phillips 66
PSX
$92.8B
| $8.87M | 0.03% |
74,388
-34,077
| -31% | -$3.82M |
|
396
Weyerhaeuser
WY
$17.9B
| $8.83M | 0.03% |
343,855
-3,839
| -1% | -$100K |
|
397
Brookfield Infrastructure Partners
BIP
$18.4B
| $8.79M | 0.03% |
262,944
| – | – |
|
398
Live Nation Entertainment
LYV
$43.3B
| $8.71M | 0.03% |
57,603
+12,635
| +28% | +$1.74M |
|
399
Corpay
CPAY
$27.9B
| $8.62M | 0.03% |
25,971
-384
| -1% | -$125K |
|
400
Curtiss-Wright
CW
$25.4B
| $8.57M | 0.03% |
17,536
| – | – |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q2 2025 Portfolio in Review
As of Q2 2025, State of Tennessee, Department of Treasury held 1,782 positions worth $28B, up 7.3% from $26.1B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
State of Tennessee, Department of Treasury's Q2 2025 filing shows 63 new, 481 increased, 719 reduced and 60 closed positions. Its largest new stake was Coinbase: 69,843 shares worth $24.5M. The largest sale was iShares MBS ETF, an estimated $233M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.
- State of Tennessee, Department of Treasury's largest Q2 2025 buy was Coinbase: 69,843 shares worth $24.5M.
- State of Tennessee, Department of Treasury added most to Prologis in Q2 2025, an estimated $28.9M increase.
- State of Tennessee, Department of Treasury's biggest Q2 2025 reduction was iShares MBS ETF, cutting an estimated $233M.
- State of Tennessee, Department of Treasury fully exited iShares 20+ Year Treasury Bond ETF in Q2 2025, selling an estimated $202M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 29% of its $28B portfolio in Q2 2025.
- State of Tennessee, Department of Treasury opened 63 new positions and closed 60 in Q2 2025.
- State of Tennessee, Department of Treasury's portfolio value rose 7.3% quarter-over-quarter to $28B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q2 2025, filed 15 Aug 2025.