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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
SRLN icon
26
State Street Blackstone Senior Loan ETF
SRLN
$5.37B
$196M 0.77%
4,675,173
+387,485
+9% +$16.1M
LLY icon
27
Eli Lilly
LLY
$1.09T
$192M 0.75%
329,104
+945
+0.3% +$552K
V icon
28
Visa
V
$676B
$190M 0.75%
730,724
+33,082
+5% +$8.15M
XOM icon
29
ExxonMobil
XOM
$650B
$160M 0.63%
1,596,961
-144,310
-8% -$15.2M
JNJ icon
30
Johnson & Johnson
JNJ
$628B
$155M 0.61%
989,625
+34,937
+4% +$5.36M
LIN icon
31
Linde
LIN
$222B
$153M 0.6%
373,710
-26,111
-7% -$10.3M
HD icon
32
Home Depot
HD
$345B
$150M 0.59%
433,487
-1,786
-0.4% -$553K
MA icon
33
Mastercard
MA
$492B
$146M 0.57%
341,144
-1,034
-0.3% -$415K
PG icon
34
Procter & Gamble
PG
$338B
$144M 0.57%
985,504
+727
+0.1% +$108K
COST icon
35
Costco
COST
$422B
$126M 0.5%
191,583
+1,788
+0.9% +$1.06M
ADBE icon
36
Adobe
ADBE
$104B
$122M 0.48%
204,425
+8,417
+4% +$4.85M
MRK icon
37
Merck
MRK
$331B
$117M 0.46%
1,069,604
-153,197
-13% -$15.9M
ABBV icon
38
AbbVie
ABBV
$447B
$115M 0.45%
743,245
-49,618
-6% -$7.23M
EZA icon
39
iShares MSCI South Africa ETF
EZA
$562M
$115M 0.45%
2,754,119
– –
ANGL icon
40
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.11B
$113M 0.44%
3,933,600
+1,504,000
+62% +$41.5M
CRM icon
41
Salesforce
CRM
$160B
$112M 0.44%
425,135
+12,374
+3% +$2.8M
RACE icon
42
Ferrari
RACE
$72.6B
$111M 0.44%
330,695
+22,797
+7% +$7.61M
WMT icon
43
Walmart Inc
WMT
$919B
$103M 0.4%
1,951,923
-301,503
-13% -$16M
BAC icon
44
Bank of America
BAC
$452B
$100M 0.39%
2,984,322
+184,699
+7% +$5.38M
CVX icon
45
Chevron
CVX
$382B
$99.7M 0.39%
668,677
-65,443
-9% -$9.9M
PEP icon
46
PepsiCo
PEP
$191B
$99M 0.39%
582,627
-43,117
-7% -$7.15M
ACN icon
47
Accenture
ACN
$112B
$98.2M 0.38%
279,843
+1,759
+0.6% +$567K
AMD icon
48
Advanced Micro Devices
AMD
$808B
$98M 0.38%
664,693
-49,189
-7% -$5.8M
KO icon
49
Coca-Cola
KO
$376B
$97.2M 0.38%
1,650,254
+62,506
+4% +$3.55M
HYG icon
50
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$96.4M 0.38%
1,245,489
-1,724,933
-58% -$129M
1
2
3 4 5

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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.