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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
+4.74%
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
$31.3B
AUM Growth
+$1.24B
(+4.1%)
Cap. Flow
-$287M
Cap. Flow
% of AUM
-0.92%
Top 10 Holdings %
Top 10 Hldgs %
28.36%
Holding
1,819
New
92
Increased
472
Reduced
1,140
Closed
92
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$211M |
| 2 |
Applovin
APP
|
+$43.1M |
| 3 |
Sea Limited
SE
|
+$26M |
| 4 |
TotalEnergies
TTE
|
+$25.5M |
| 5 |
CRH
CRH
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Taiwan ETF
EWT
|
+$244M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$88.6M |
| 3 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$69.2M |
| 4 |
Ferrari
RACE
|
+$54.5M |
| 5 |
iShares MSCI India ETF
INDA
|
+$43.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.95% |
| 2 | Financials | 11.36% |
| 3 | Consumer Discretionary | 8.16% |
| 4 | Communication Services | 7.8% |
| 5 | Industrials | 7.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
F5
FFIV
$23.6B
| $6.01M | 0.02% |
21,823
-12,743
| -37% | -$3.43M |
|
527
Carlyle Group
CG
$18.3B
| $5.99M | 0.02% |
101,869
+14,637
| +17% | +$832K |
|
528
Annaly Capital Management
NLY
$17.6B
| $5.98M | 0.02% |
259,956
+28,493
| +12% | +$620K |
|
529
Nordson
NDSN
$17.3B
| $5.95M | 0.02% |
21,677
-14,042
| -39% | -$3.3M |
|
530
TransUnion
TRU
$15.5B
| $5.94M | 0.02% |
75,207
-3,221
| -4% | -$265K |
|
531
Live Nation Entertainment
LYV
$43.3B
| $5.93M | 0.02% |
40,757
-424
| -1% | -$60.9K |
|
532
Gildan
GIL
$10.6B
| $5.86M | 0.02% |
89,766
+7,274
| +9% | +$432K |
|
|
ECHO
533
EchoStar
ECHO
$26.6B
| $5.86M | 0.02% |
51,782
-2,218
| -4% | -$181K |
|
534
Henry Schein
HSIC
$10B
| $5.72M | 0.02% |
75,773
+60,965
| +412% | +$4.29M |
|
535
Alcoa
AA
$13.1B
| $5.72M | 0.02% |
100,655
+5,078
| +5% | +$208K |
|
536
W.P. Carey
WPC
$16.3B
| $5.71M | 0.02% |
81,829
-3,505
| -4% | -$233K |
|
537
Dycom Industries
DY
$12.3B
| $5.7M | 0.02% |
15,630
+1,878
| +14% | +$592K |
|
538
Steris
STE
$23B
| $5.65M | 0.02% |
21,518
-296
| -1% | -$74.3K |
|
539
Lincoln Electric
LECO
$15.5B
| $5.59M | 0.02% |
21,078
-3,066
| -13% | -$726K |
|
540
Performance Food Group
PFGC
$16.4B
| $5.58M | 0.02% |
58,442
-2,503
| -4% | -$242K |
|
541
Everest Group
EG
$14B
| $5.57M | 0.02% |
16,824
+3,659
| +28% | +$1.21M |
|
542
Equitable Holdings
EQH
$14.4B
| $5.54M | 0.02% |
119,346
-5,112
| -4% | -$242K |
|
543
Fidelity National Financial
FNF
$13.1B
| $5.5M | 0.02% |
101,137
-4,332
| -4% | -$247K |
|
544
Toll Brothers
TOL
$14B
| $5.46M | 0.02% |
37,802
-2,661
| -7% | -$361K |
|
545
ITT
ITT
$19.4B
| $5.46M | 0.02% |
29,945
-5,879
| -16% | -$1.05M |
|
|
WCC
546
WESCO International
WCC
$17.5B
| $5.45M | 0.02% |
18,835
+712
| +4% | +$175K |
|
547
CAE Inc. Common Shares
CAE
$8.47B
| $5.44M | 0.02% |
168,854
-15,284
| -8% | -$429K |
|
548
Deutsche Bank
DB
$72.1B
| $5.44M | 0.02% |
137,257
-170,342
| -55% | -$6.15M |
|
549
W.W. Grainger
GWW
$62.2B
| $5.37M | 0.02% |
4,971
-132
| -3% | -$128K |
|
550
International Paper
IP
$21.8B
| $5.34M | 0.02% |
132,319
+46,476
| +54% | +$1.91M |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q4 2025 Portfolio in Review
As of Q4 2025, State of Tennessee, Department of Treasury held 1,819 positions worth $31.3B, up 4.1% from $30B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
State of Tennessee, Department of Treasury's Q4 2025 filing shows 92 new, 472 increased, 1,140 reduced and 92 closed positions. Its largest new stake was TSMC: 718,960 shares worth $238M. The largest sale was iShares MSCI Taiwan ETF, an estimated $244M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Financials and Consumer Discretionary.
- State of Tennessee, Department of Treasury's largest Q4 2025 buy was TSMC: 718,960 shares worth $238M.
- State of Tennessee, Department of Treasury added most to Applovin in Q4 2025, an estimated $43.1M increase.
- State of Tennessee, Department of Treasury's biggest Q4 2025 reduction was iShares MSCI Taiwan ETF, cutting an estimated $244M.
- State of Tennessee, Department of Treasury fully exited iShares 0-5 Year High Yield Corporate Bond ETF in Q4 2025, selling an estimated $69.2M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 28% of its $31.3B portfolio in Q4 2025.
- State of Tennessee, Department of Treasury opened 92 new positions and closed 92 in Q4 2025.
- State of Tennessee, Department of Treasury's portfolio value rose 4.1% quarter-over-quarter to $31.3B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2025, filed 18 Feb 2026.