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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
UNH icon
26
UnitedHealth
UNH
$363B
$195M 0.79%
385,912
-21,267
-5% -$10.5M
SRLN icon
27
State Street Blackstone Senior Loan ETF
SRLN
$5.37B
$180M 0.73%
4,287,688
+1,563,102
+57% +$65.4M
LLY icon
28
Eli Lilly
LLY
$1.09T
$176M 0.71%
328,159
+116,293
+55% +$59.9M
V icon
29
Visa
V
$677B
$160M 0.65%
697,642
-153,919
-18% -$37M
AVGO icon
30
Broadcom
AVGO
$2T
$158M 0.64%
1,897,360
+248,350
+15% +$21.5M
LIN icon
31
Linde
LIN
$222B
$149M 0.6%
399,821
+85,604
+27% +$32.6M
JNJ icon
32
Johnson & Johnson
JNJ
$628B
$149M 0.6%
954,688
+47,061
+5% +$7.77M
PG icon
33
Procter & Gamble
PG
$338B
$144M 0.58%
984,777
+466,373
+90% +$71.2M
MA icon
34
Mastercard
MA
$494B
$135M 0.55%
342,178
-147,006
-30% -$59M
HD icon
35
Home Depot
HD
$344B
$132M 0.53%
435,273
-5,623
-1% -$1.81M
MRK icon
36
Merck
MRK
$331B
$126M 0.51%
1,222,801
-16,370
-1% -$1.76M
CVX icon
37
Chevron
CVX
$384B
$124M 0.5%
734,120
+267,274
+57% +$43.2M
WMT icon
38
Walmart Inc
WMT
$919B
$120M 0.49%
2,253,426
+684,981
+44% +$36.5M
ABBV icon
39
AbbVie
ABBV
$446B
$118M 0.48%
792,863
+89,572
+13% +$13.1M
COST icon
40
Costco
COST
$423B
$107M 0.43%
189,795
+75,776
+66% +$41.8M
PEP icon
41
PepsiCo
PEP
$192B
$106M 0.43%
625,744
-279,111
-31% -$50.7M
EZA icon
42
iShares MSCI South Africa ETF
EZA
$562M
$104M 0.42%
2,754,119
– –
ADBE icon
43
Adobe
ADBE
$105B
$99.9M 0.4%
196,008
-12,064
-6% -$6.33M
CSCO icon
44
Cisco
CSCO
$454B
$99.1M 0.4%
1,843,817
+318,478
+21% +$17.2M
RACE icon
45
Ferrari
RACE
$72.3B
$91.2M 0.37%
307,898
+10,538
+4% +$3.27M
WFC icon
46
Wells Fargo
WFC
$268B
$91M 0.37%
2,227,313
+399,710
+22% +$17.3M
KO icon
47
Coca-Cola
KO
$377B
$88.9M 0.36%
1,587,748
-1,141,729
-42% -$68.5M
MCD icon
48
McDonald's
MCD
$195B
$88.4M 0.36%
335,715
+13,643
+4% +$3.89M
CMCSA icon
49
Comcast
CMCSA
$92.4B
$86.3M 0.35%
1,947,300
+575,204
+42% +$25.7M
ACN icon
50
Accenture
ACN
$114B
$85.4M 0.34%
278,084
-10,903
-4% -$3.44M
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.