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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
-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
(-11%)
Cap. Flow
+$606M
Cap. Flow
% of AUM
3.3%
Top 10 Holdings %
Top 10 Hldgs %
18.13%
Holding
1,660
New
81
Increased
925
Reduced
519
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$105M |
| 2 |
Verizon
VZ
|
+$93.1M |
| 3 |
Cigna
CI
|
+$65M |
| 4 |
Baxter International
BAX
|
+$51.6M |
| 5 |
3M
MMM
|
+$50.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$91.6M |
| 2 |
PX
Praxair Inc
PX
|
+$81.6M |
| 3 |
Medtronic
MDT
|
+$75.1M |
| 4 |
AT&T
T
|
+$64.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
926
LXP Industrial Trust
LXP
$3.58B
| $1.21M | 0.01% |
29,517
+1,221
| +4% | +$50.3K |
|
927
Assurant
AIZ
$13.9B
| $1.21M | 0.01% |
13,509
-8,943
| -40% | -$875K |
|
928
ESCO Technologies
ESE
$7.79B
| $1.2M | 0.01% |
18,258
-751
| -4% | -$48.8K |
|
929
Service Corp International
SCI
$11.3B
| $1.2M | 0.01% |
29,896
+594
| +2% | +$25.8K |
|
|
INVX
930
Innovex International
INVX
$2.15B
| $1.2M | 0.01% |
39,861
+792
| +2% | +$32K |
|
931
RLI Corp
RLI
$5.87B
| $1.19M | 0.01% |
34,514
-7,656
| -18% | -$278K |
|
932
Provident Financial Services
PFS
$3.26B
| $1.19M | 0.01% |
49,174
+16,674
| +51% | +$404K |
|
|
ROIC
933
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $1.19M | 0.01% |
74,700
+1,737
| +2% | +$30.5K |
|
934
Albany International
AIN
$1.82B
| $1.18M | 0.01% |
18,908
+483
| +3% | +$33.7K |
|
935
Werner Enterprises
WERN
$2.31B
| $1.18M | 0.01% |
39,861
+792
| +2% | +$25.8K |
|
|
BEL
936
DELISTED
Belmond Ltd.
BEL
| $1.18M | 0.01% |
46,999
+1,313
| +3% | +$25.3K |
|
937
Fluor
FLR
$7B
| $1.17M | 0.01% |
36,453
+5,063
| +16% | +$218K |
|
938
O-I Glass
OI
$1.05B
| $1.17M | 0.01% |
67,665
+1,345
| +2% | +$23.5K |
|
939
Four Corners Property Trust
FCPT
$2.76B
| $1.16M | 0.01% |
44,375
+245
| +0.6% | +$6.49K |
|
940
DNOW Inc
DNOW
$2.95B
| $1.16M | 0.01% |
99,654
+1,981
| +2% | +$27.7K |
|
941
Worthington Enterprises
WOR
$2.85B
| $1.15M | 0.01% |
53,341
+1,061
| +2% | +$26.4K |
|
|
SNV
942
DELISTED
Synovus
SNV
| $1.14M | 0.01% |
35,689
+709
| +2% | +$26.7K |
|
|
NVMI
943
Nova
NVMI
$13.1B
| $1.14M | 0.01% |
49,882
| – | – |
|
944
News Corp Class A
NWSA
$15.6B
| $1.13M | 0.01% |
99,826
+14,243
| +17% | +$182K |
|
945
SPS Commerce
SPSC
$2.86B
| $1.13M | 0.01% |
27,496
+404
| +1% | +$17.6K |
|
946
Ameris Bancorp
ABCB
$6B
| $1.13M | 0.01% |
35,519
+9,762
| +38% | +$398K |
|
947
Coherent
COHR
$64B
| $1.12M | 0.01% |
34,578
+752
| +2% | +$28.1K |
|
948
Meritage Homes
MTH
$4.8B
| $1.12M | 0.01% |
61,156
+1,488
| +2% | +$27.5K |
|
|
KAMN
949
DELISTED
Kaman Corp
KAMN
| $1.12M | 0.01% |
19,991
+2,173
| +12% | +$129K |
|
950
Invesco Mortgage Capital
IVR
$805M
| $1.12M | 0.01% |
7,715
+219
| +3% | +$33.1K |
|
Similar funds
PCH
N
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.