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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 | |
|---|---|---|---|---|---|---|
576
Biogen
BIIB
$31.1B
| $4.59M | 0.02% |
36,544
-7,953
| -18% | -$991K |
|
577
First Horizon
FHN
$12.3B
| $4.59M | 0.02% |
216,452
| – | – |
|
578
Invitation Homes
INVH
$18B
| $4.57M | 0.02% |
139,413
-3,039
| -2% | -$102K |
|
579
Jack Henry & Associates
JKHY
$11.1B
| $4.55M | 0.02% |
25,243
+7,457
| +42% | +$1.32M |
|
580
Avantor
AVTR
$9.37B
| $4.5M | 0.02% |
334,264
+33,498
| +11% | +$458K |
|
581
Coca-Cola Europacific Partners
CCEP
$47.5B
| $4.49M | 0.02% |
48,470
+787
| +2% | +$70.5K |
|
582
Quest Diagnostics
DGX
$26.1B
| $4.48M | 0.02% |
24,964
-21,485
| -46% | -$3.73M |
|
583
Carlyle Group
CG
$18.3B
| $4.48M | 0.02% |
87,232
| – | – |
|
584
Gildan
GIL
$10.6B
| $4.42M | 0.02% |
89,892
| – | – |
|
|
CYBR
585
DELISTED
CyberArk
CYBR
| $4.42M | 0.02% |
10,854
-2,382
| -18% | -$868K |
|
586
Penumbra
PEN
$12.9B
| $4.41M | 0.02% |
17,177
| – | – |
|
587
Entegris
ENTG
$25B
| $4.41M | 0.02% |
54,656
| – | – |
|
588
Omnicom Group
OMC
$24.2B
| $4.4M | 0.02% |
61,145
-1,102
| -2% | -$81.4K |
|
589
Essential Utilities
WTRG
$11.5B
| $4.38M | 0.02% |
117,929
+23,097
| +24% | +$900K |
|
|
SF
590
Stifel
SF
$12.9B
| $4.38M | 0.02% |
63,245
| – | – |
|
591
Ally Financial
ALLY
$13.6B
| $4.37M | 0.02% |
112,321
| – | – |
|
592
Crown Holdings
CCK
$12.9B
| $4.36M | 0.02% |
42,352
-1,900
| -4% | -$181K |
|
593
Kinsale Capital Group
KNSL
$8.59B
| $4.32M | 0.02% |
8,936
| – | – |
|
|
SW
594
Smurfit Westrock
SW
$26.2B
| $4.28M | 0.02% |
99,237
-2,573
| -3% | -$110K |
|
595
Omega Healthcare
OHI
$13.9B
| $4.28M | 0.02% |
116,675
| – | – |
|
596
Exelixis
EXEL
$12.5B
| $4.25M | 0.02% |
96,350
-5,350
| -5% | -$214K |
|
597
Labcorp
LH
$26.2B
| $4.23M | 0.02% |
16,117
-6,337
| -28% | -$1.54M |
|
598
Steel Dynamics
STLD
$37.3B
| $4.22M | 0.02% |
32,990
-748
| -2% | -$95.5K |
|
599
Fox Class B
FOX
$24.4B
| $4.15M | 0.01% |
80,407
+62,646
| +353% | +$3.05M |
|
600
Fox Class A
FOXA
$27.5B
| $4.13M | 0.01% |
73,664
-25,455
| -26% | -$1.34M |
|
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.