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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
-11.86%
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
$18.3B
AUM Growth
-$2.24B
Cap. Flow
+$606M
Cap. Flow %
3.3%
Top 10 Hldgs %
18.13%
Holding
1,660
New
81
Increased
925
Reduced
519
Closed
95

Top Buys

Rank Stock Value
1
MRK icon
Merck
MRK
+$105M
2
VZ icon
Verizon
VZ
+$93.1M
3
CI icon
Cigna
CI
+$65M
4
BAX icon
Baxter International
BAX
+$51.6M
5
MMM icon
3M
MMM
+$50.6M

Top Sells

Rank Stock Value
1
RY icon
Royal Bank of Canada
RY
+$91.6M
2
PX
Praxair Inc
PX
+$81.6M
3
MDT icon
Medtronic
MDT
+$75.1M
4
T icon
AT&T
T
+$64.2M
5
VRTX icon
Vertex Pharmaceuticals
VRTX
+$59.4M

Sector Composition

Rank Sector Weight
1 Technology 14.41%
2 Financials 13.34%
3 Healthcare 12.47%
4 Industrials 8.69%
5 Consumer Discretionary 7.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NFLX icon
51
Netflix
NFLX
$322B
$78.5M 0.43%
2,931,230
+166,220
+6% +$4.97M
EWM icon
52
iShares MSCI Malaysia ETF
EWM
$331M
$78.3M 0.43%
2,631,134
– –
MA icon
53
Mastercard
MA
$492B
$74.2M 0.4%
393,552
+76,120
+24% +$15.1M
CI icon
54
Cigna
CI
$73.8B
$74M 0.4%
389,504
+311,553
+400% +$65M
VCIT icon
55
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.9B
$74M 0.4%
892,700
+36,300
+4% +$2.99M
MMM icon
56
3M
MMM
$94B
$73.5M 0.4%
461,576
+304,960
+195% +$50.6M
EIDO icon
57
iShares MSCI Indonesia ETF
EIDO
$486M
$73.2M 0.4%
2,948,799
– –
VCLT icon
58
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.82B
$71.8M 0.39%
843,400
+35,100
+4% +$2.98M
TD icon
59
Toronto Dominion Bank
TD
$205B
$71.7M 0.39%
1,441,707
-8,680
-0.6% -$475K
LMT icon
60
Lockheed Martin
LMT
$139B
$71.3M 0.39%
272,304
+77,570
+40% +$23.5M
COST icon
61
Costco
COST
$422B
$68.3M 0.37%
335,334
-34,114
-9% -$7.62M
NKE icon
62
Nike
NKE
$60.4B
$67.6M 0.37%
912,290
+64,067
+8% +$4.79M
SPG icon
63
Simon Property Group
SPG
$72B
$66.1M 0.36%
393,667
+50,172
+15% +$8.97M
NEE icon
64
NextEra Energy
NEE
$179B
$61.8M 0.34%
1,422,152
-147,576
-9% -$6.45M
SBUX icon
65
Starbucks
SBUX
$125B
$61.7M 0.34%
957,340
+98,932
+12% +$6.19M
BAX icon
66
Baxter International
BAX
$14.1B
$61.6M 0.34%
935,648
+768,804
+461% +$51.6M
NSC icon
67
Norfolk Southern
NSC
$76.1B
$61.3M 0.33%
410,105
+104,926
+34% +$17.3M
CNI icon
68
Canadian National Railway
CNI
$77.2B
$60M 0.33%
809,447
-50,737
-6% -$4.21M
MPC icon
69
Marathon Petroleum
MPC
$96.9B
$59.9M 0.33%
1,015,695
+149,951
+17% +$10.2M
AMAT icon
70
Applied Materials
AMAT
$439B
$59.6M 0.33%
1,821,912
+4,348
+0.2% +$149K
AMT icon
71
American Tower
AMT
$80.1B
$58.6M 0.32%
370,358
+111,538
+43% +$17.4M
DD icon
72
DuPont de Nemours
DD
$19.3B
$57.6M 0.31%
425,099
+168,933
+66% +$24.3M
EOG icon
73
EOG Resources
EOG
$73.8B
$56M 0.31%
641,646
+252,017
+65% +$27M
AXP icon
74
American Express
AXP
$232B
$55.8M 0.3%
585,158
+100,376
+21% +$10.5M
BKNG icon
75
Booking.com
BKNG
$159B
$55.7M 0.3%
808,550
+257,875
+47% +$18.9M
1 2
3
4 5

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State of Tennessee, Department of Treasury's Q4 2018 Portfolio in Review

As of Q4 2018, State of Tennessee, Department of Treasury held 1,660 positions worth $18.3B, down 11% from $20.6B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

State of Tennessee, Department of Treasury deployed $606M of net new capital in Q4 2018, opening 81 new positions and adding to 925 existing holdings. Its largest new stake was iShares Biotechnology ETF: 422,400 shares worth $40.7M.

By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 16% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Medtronic, an estimated $75.1M trimmed.

  • State of Tennessee, Department of Treasury's largest Q4 2018 buy was iShares Biotechnology ETF: 422,400 shares worth $40.7M.
  • State of Tennessee, Department of Treasury added most to Merck in Q4 2018, an estimated $105M increase.
  • State of Tennessee, Department of Treasury's biggest Q4 2018 reduction was Medtronic, cutting an estimated $75.1M.
  • State of Tennessee, Department of Treasury fully exited Royal Bank of Canada in Q4 2018, selling an estimated $91.6M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 18% of its $18.3B portfolio in Q4 2018.
  • State of Tennessee, Department of Treasury opened 81 new positions and closed 95 in Q4 2018.
  • State of Tennessee, Department of Treasury's portfolio value fell 11% quarter-over-quarter to $18.3B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2018, filed 11 Feb 2019.