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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
+12.23%
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
$25.5B
AUM Growth
+$751M
Cap. Flow
-$1.82B
Cap. Flow %
-7.13%
Top 10 Hldgs %
24.28%
Holding
1,726
New
127
Increased
533
Reduced
647
Closed
69

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$47.8M
2
ANGL icon
VanEck Fallen Angel High Yield Bond ETF
ANGL
+$41.5M
3
LULU icon
lululemon athletica
LULU
+$27.9M
4
PGR icon
Progressive
PGR
+$25.8M
5
VZ icon
Verizon
VZ
+$18.3M

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$496M
2
VCIT icon
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
+$230M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$228M
4
MBB icon
iShares MBS ETF
MBB
+$216M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$183M

Sector Composition

Rank Sector Weight
1 Technology 20.77%
2 Financials 10.74%
3 Healthcare 9.11%
4 Consumer Discretionary 8.86%
5 Industrials 7.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AWK icon
426
American Water Works
AWK
$27.1B
$7.43M 0.03%
56,323
-31,392
-36% -$3.96M
F icon
427
Ford
F
$55.4B
$7.39M 0.03%
606,604
-438,257
-42% -$4.88M
NEM icon
428
Newmont
NEM
$120B
$7.37M 0.03%
178,004
+56,340
+46% +$2.18M
AJG icon
429
Arthur J. Gallagher & Co
AJG
$65B
$7.33M 0.03%
32,586
-22,778
-41% -$5.4M
FSLR icon
430
First Solar
FSLR
$24B
$7.3M 0.03%
42,390
+11,148
+36% +$1.7M
CCK icon
431
Crown Holdings
CCK
$12.9B
$7.27M 0.03%
78,900
+22,100
+39% +$1.87M
NOK icon
432
Nokia
NOK
$59B
$7.26M 0.03%
2,123,188
– –
WBA
433
DELISTED
Walgreens Boots Alliance
WBA
$7.24M 0.03%
277,143
+168,193
+154% +$3.76M
LECO icon
434
Lincoln Electric
LECO
$15.5B
$7.2M 0.03%
33,105
– –
LII icon
435
Lennox International
LII
$14.5B
$7.15M 0.03%
15,982
– –
EWBC icon
436
East-West Bancorp
EWBC
$18.6B
$7.09M 0.03%
98,500
-23,500
-19% -$1.42M
MOH icon
437
Molina Healthcare
MOH
$10.7B
$7.08M 0.03%
19,601
-2,393
-11% -$844K
FSV icon
438
FirstService
FSV
$6.18B
$7.05M 0.03%
43,391
-7,495
-15% -$1.13M
ACM icon
439
Aecom
ACM
$8.19B
$7M 0.03%
75,711
-15,409
-17% -$1.31M
CCL icon
440
Carnival Corporation Ltd
CCL
$38.9B
$6.94M 0.03%
374,139
+222,500
+147% +$3.23M
LOGI icon
441
Logitech
LOGI
$15B
$6.93M 0.03%
73,081
+51,319
+236% +$4.21M
LH icon
442
Labcorp
LH
$26.2B
$6.87M 0.03%
30,243
+16,277
+117% +$3.42M
VST icon
443
Vistra
VST
$49.1B
$6.87M 0.03%
+178,373
New +$6.2M
TOL icon
444
Toll Brothers
TOL
$14B
$6.85M 0.03%
66,600
-14,000
-17% -$1.17M
TRV icon
445
Travelers Companies
TRV
$77.2B
$6.78M 0.03%
35,607
– –
NVT icon
446
nVent Electric
NVT
$27.5B
$6.77M 0.03%
114,487
+15,518
+16% +$823K
MANH icon
447
Manhattan Associates
MANH
$11.7B
$6.72M 0.03%
31,227
-11,998
-28% -$2.54M
ITT icon
448
ITT
ITT
$19.4B
$6.72M 0.03%
56,299
– –
PWR icon
449
Quanta Services
PWR
$101B
$6.67M 0.03%
30,900
-47,402
-61% -$8.76M
IEFA icon
450
iShares Core MSCI EAFE ETF
IEFA
$196B
$6.59M 0.03%
93,731
– –
16 17
18
19 20

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State of Tennessee, Department of Treasury's Q4 2023 Portfolio in Review

As of Q4 2023, State of Tennessee, Department of Treasury held 1,726 positions worth $25.5B, up 3% from $24.8B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Tennessee, Department of Treasury withdrew a net $1.82B in Q4 2023, closing 69 positions and reducing 647 holdings. Its most notable exit was Invesco Senior Loan ETF, an estimated $69.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Tennessee, Department of Treasury opened a new position in Uber worth $56.3M.

  • State of Tennessee, Department of Treasury's largest Q4 2023 buy was Uber: 914,357 shares worth $56.3M.
  • State of Tennessee, Department of Treasury added most to VanEck Fallen Angel High Yield Bond ETF in Q4 2023, an estimated $41.5M increase.
  • State of Tennessee, Department of Treasury's biggest Q4 2023 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $496M.
  • State of Tennessee, Department of Treasury fully exited Invesco Senior Loan ETF in Q4 2023, selling an estimated $69.5M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 24% of its $25.5B portfolio in Q4 2023.
  • State of Tennessee, Department of Treasury opened 127 new positions and closed 69 in Q4 2023.
  • State of Tennessee, Department of Treasury's portfolio value rose 3% quarter-over-quarter to $25.5B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2023, filed 14 Feb 2024.