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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
AVT icon
851
Avnet
AVT
$7.87B
$2.09M 0.01%
41,395
+24,385
+143% +$1.16M
INDB icon
852
Independent Bank
INDB
$4.05B
$2.08M 0.01%
31,639
+921
+3% +$50.8K
CRTO icon
853
Criteo S.A. Ordinary Shares
CRTO
$915M
$2.08M 0.01%
82,133
– –
HGV icon
854
Hilton Grand Vacations
HGV
$3.49B
$2.08M 0.01%
51,700
– –
TXNM
855
TXNM Energy Inc
TXNM
$5.91B
$2.07M 0.01%
+49,662
New +$2.13M
CVLT icon
856
Commault Systems
CVLT
$6.26B
$2.06M 0.01%
25,831
+7,761
+43% +$555K
LYV icon
857
Live Nation Entertainment
LYV
$43.3B
$2.06M 0.01%
21,993
-13,436
-38% -$1.16M
BRC icon
858
Brady Corp
BRC
$4.43B
$2.06M 0.01%
35,047
-3,597
-9% -$198K
CIVI
859
DELISTED
Civitas Resources
CIVI
$2.05M 0.01%
30,000
-5,615
-16% -$402K
CNR
860
Core Natural Resources Inc
CNR
$4.64B
$2.05M 0.01%
20,348
-1,576
-7% -$160K
UNM icon
861
Unum
UNM
$14.7B
$2.04M 0.01%
45,221
-179,400
-80% -$8.17M
IBKR icon
862
Interactive Brokers
IBKR
$41.4B
$2.04M 0.01%
98,432
+44,400
+82% +$909K
SR icon
863
Spire
SR
$4.9B
$2.04M 0.01%
32,719
+14,019
+75% +$837K
PCTY icon
864
Paylocity
PCTY
$8.1B
$2.04M 0.01%
12,369
-18,822
-60% -$3.17M
ITRI icon
865
Itron
ITRI
$4.5B
$2.04M 0.01%
26,984
– –
WFRD icon
866
Weatherford International
WFRD
$6.6B
$2.04M 0.01%
20,807
– –
MSA icon
867
Mine Safety
MSA
$7.32B
$2.03M 0.01%
12,020
+8,139
+210% +$1.32M
UAL icon
868
United Airlines
UAL
$41B
$2.03M 0.01%
49,137
-65,155
-57% -$2.56M
FCFS icon
869
FirstCash
FCFS
$9.14B
$2.03M 0.01%
+18,700
New +$2.02M
BXMT icon
870
Blackstone Mortgage Trust
BXMT
$2.44B
$2.02M 0.01%
95,145
+27,100
+40% +$584K
LKQ icon
871
LKQ Corp
LKQ
$6.38B
$2.02M 0.01%
42,216
– –
CALM icon
872
Cal-Maine
CALM
$3.87B
$2.01M 0.01%
35,039
-2,860
-8% -$141K
ACA icon
873
Arcosa
ACA
$7.12B
$2.01M 0.01%
24,293
-1,971
-8% -$145K
ABCB icon
874
Ameris Bancorp
ABCB
$6B
$2M 0.01%
37,762
– –
MTSI icon
875
MACOM Technology Solutions
MTSI
$23.5B
$2M 0.01%
21,491
-4,066
-16% -$334K
33 34
35
36 37

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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.