We are live on ! Find out more
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
+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
Cap. Flow
-$287M
Cap. Flow %
-0.92%
Top 10 Hldgs %
28.36%
Holding
1,819
New
92
Increased
472
Reduced
1,140
Closed
92

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$211M
2
APP icon
Applovin
APP
+$43.1M
3
SE icon
Sea Limited
SE
+$26M
4
TTE icon
TotalEnergies
TTE
+$25.5M
5
CRH icon
CRH
CRH
+$25.3M

Top Sells

Rank Stock Value
1
EWT icon
iShares MSCI Taiwan ETF
EWT
+$244M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$88.6M
3
SHYG icon
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
+$69.2M
4
RACE icon
Ferrari
RACE
+$54.5M
5
INDA icon
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
BRKR icon
801
Bruker
BRKR
$8.83B
$2.72M 0.01%
61,370
-18,192
-23% -$769K
ESE icon
802
ESCO Technologies
ESE
$7.79B
$2.7M 0.01%
11,854
+836
+8% +$176K
SWX icon
803
Southwest Gas
SWX
$6.67B
$2.7M 0.01%
32,577
+8,168
+33% +$654K
CLX icon
804
Clorox
CLX
$12.9B
$2.68M 0.01%
23,802
+842
+4% +$91.4K
RAL
805
Ralliant Corp
RAL
$7.9B
$2.68M 0.01%
50,618
-2,692
-5% -$126K
VLY icon
806
Valley National Bancorp
VLY
$8.3B
$2.68M 0.01%
214,791
+40,028
+23% +$444K
MMS icon
807
Maximus
MMS
$2.94B
$2.67M 0.01%
28,257
-1,210
-4% -$103K
FSS icon
808
Federal Signal
FSS
$7.51B
$2.67M 0.01%
24,687
-3,123
-11% -$358K
CBSH icon
809
Commerce Bancshares
CBSH
$8.61B
$2.66M 0.01%
50,461
-2,162
-4% -$113K
CRL icon
810
Charles River Laboratories
CRL
$13.4B
$2.65M 0.01%
12,593
+3,104
+33% +$563K
H icon
811
Hyatt Hotels
H
$16.9B
$2.64M 0.01%
16,881
-723
-4% -$111K
FCFS icon
812
FirstCash
FCFS
$9.14B
$2.62M 0.01%
15,364
-658
-4% -$104K
FDS icon
813
Factset
FDS
$10.2B
$2.61M 0.01%
10,245
-114
-1% -$32K
PB icon
814
Prosperity Bancshares
PB
$8.97B
$2.6M 0.01%
37,697
-1,614
-4% -$109K
NJR icon
815
New Jersey Resources
NJR
$5.64B
$2.6M 0.01%
52,552
-2,250
-4% -$104K
CHDN icon
816
Churchill Downs
CHDN
$6.2B
$2.6M 0.01%
26,398
-3,216
-11% -$334K
CUK
817
DELISTED
Carnival PLC
CUK
$2.58M 0.01%
86,769
-39,086
-31% -$1.01M
GXO icon
818
GXO Logistics
GXO
$5.56B
$2.58M 0.01%
45,622
-1,954
-4% -$103K
LKQ icon
819
LKQ Corp
LKQ
$6.38B
$2.57M 0.01%
78,360
+47,299
+152% +$1.43M
EIX icon
820
Edison International
EIX
$27.2B
$2.57M 0.01%
41,279
-1,112
-3% -$63.8K
KRG icon
821
Kite Realty
KRG
$5.31B
$2.54M 0.01%
107,931
-4,623
-4% -$105K
EXP icon
822
Eagle Materials
EXP
$6.41B
$2.53M 0.01%
12,436
+483
+4% +$107K
SKYW icon
823
Skywest
SKYW
$4.21B
$2.53M 0.01%
26,179
+2,769
+12% +$277K
UBSI icon
824
United Bankshares
UBSI
$6.68B
$2.51M 0.01%
59,404
+7,956
+15% +$296K
KNX icon
825
Knight Transportation
KNX
$11.9B
$2.51M 0.01%
45,531
-1,950
-4% -$91.4K
31 32
33
34 35

Similar funds

Eagle Capital Management (New York)
Eagle Capital Management (New York) New York $29.8B AUM 12.13% 1-Year Est. Return
Coatue Management
Coatue Management New York $29.1B AUM 96.54% 1-Year Est. Return
Hudson Bay Capital Management
Hudson Bay Capital Management Stamford, Connecticut $29B AUM 30.2% 1-Year Est. Return
Lord, Abbett & Co
Lord, Abbett & Co Jersey City, New Jersey $30.6B AUM 57.44% 1-Year Est. Return
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS) Columbus, Ohio $30.9B AUM 29.72% 1-Year Est. Return
PCH
Polar Capital Holdings London, United Kingdom $28.2B AUM 115.26% 1-Year Est. Return
N
Natixis Paris, France $28B AUM 26.79% 1-Year Est. Return
Gates Foundation Trust
Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return

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.