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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 | |
|---|---|---|---|---|---|---|
76
Trane Technologies
TT
$105B
| $54.9M | 0.3% |
601,492
+269,425
| +81% | +$26.5M |
|
77
Exelon
EXC
$47B
| $53.8M | 0.29% |
1,671,931
-357,543
| -18% | -$11.4M |
|
78
Lam Research
LRCX
$411B
| $53.7M | 0.29% |
3,945,430
+225,820
| +6% | +$3.24M |
|
79
PepsiCo
PEP
$191B
| $53M | 0.29% |
480,131
+164,414
| +52% | +$18.5M |
|
80
Delta Air Lines
DAL
$60B
| $52.8M | 0.29% |
1,058,635
-11,949
| -1% | -$651K |
|
81
Lowe's Companies
LOW
$122B
| $52.3M | 0.29% |
566,511
+19,487
| +4% | +$1.88M |
|
82
Canadian Pacific Kansas City
CP
$82.4B
| $51.7M | 0.28% |
1,454,985
+2,925
| +0.2% | +$117K |
|
83
Air Products & Chemicals
APD
$68B
| $50.4M | 0.27% |
315,037
+266,090
| +544% | +$42.2M |
|
84
Amgen
AMGN
$226B
| $50.1M | 0.27% |
257,461
+16,379
| +7% | +$3.2M |
|
85
iShares MSCI EAFE ETF
EFA
$80.3B
| $49.5M | 0.27% |
842,450
-139,658
| -14% | -$8.72M |
|
86
Scotiabank
BNS
$110B
| $48.4M | 0.26% |
971,107
+27,075
| +3% | +$1.46M |
|
87
Goldman Sachs
GS
$305B
| $48.2M | 0.26% |
288,248
+1,420
| +0.5% | +$286K |
|
88
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.8B
| $46.8M | 0.26% |
976,700
| – | – |
|
|
89
Medtronic
MDT
$117B
| $46.8M | 0.25% |
514,178
-803,428
| -61% | -$75.1M |
|
|
AGN
90
DELISTED
Allergan plc
AGN
| $46.6M | 0.25% |
349,009
-52,236
| -13% | -$8.56M |
|
91
US Bancorp
USB
$102B
| $46.1M | 0.25% |
1,009,586
+184,026
| +22% | +$9.47M |
|
92
TJX Companies
TJX
$170B
| $45.4M | 0.25% |
1,014,496
-28,748
| -3% | -$1.45M |
|
93
Zimmer Biomet
ZBH
$18.9B
| $44.8M | 0.24% |
445,226
+145,100
| +48% | +$16.3M |
|
94
Bread Financial
BFH
$4.5B
| $44.4M | 0.24% |
371,031
+69,321
| +23% | +$10.9M |
|
95
American Electric Power
AEP
$68.3B
| $44.2M | 0.24% |
591,893
+182,749
| +45% | +$13.7M |
|
96
Prologis
PLD
$135B
| $44M | 0.24% |
748,738
+69,445
| +10% | +$4.5M |
|
97
CME Group
CME
$95.2B
| $43.9M | 0.24% |
233,415
+23,684
| +11% | +$4.37M |
|
98
Progressive
PGR
$122B
| $43.9M | 0.24% |
727,162
+25,164
| +4% | +$1.67M |
|
99
Salesforce
CRM
$160B
| $43.4M | 0.24% |
316,955
+74,475
| +31% | +$10.2M |
|
100
Phillips 66
PSX
$89.3B
| $43.3M | 0.24% |
502,281
-152,404
| -23% | -$14.9M |
|
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.