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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
-2.92%
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
$24.8B
AUM Growth
+$869M
(+3.6%)
Cap. Flow
+$1.84B
Cap. Flow
% of AUM
7.43%
Top 10 Holdings %
Top 10 Hldgs %
26.09%
Holding
1,768
New
61
Increased
590
Reduced
666
Closed
169
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$602M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$277M |
| 3 |
Vanguard Long-Term Corporate Bond ETF
VCLT
|
+$276M |
| 4 |
iShares MBS ETF
MBB
|
+$271M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$231M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$71M |
| 2 |
Coca-Cola
KO
|
+$68.5M |
| 3 |
Mastercard
MA
|
+$59M |
| 4 |
PepsiCo
PEP
|
+$50.7M |
| 5 |
Archer Daniels Midland
ADM
|
+$49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.35% |
| 2 | Financials | 9.67% |
| 3 | Healthcare | 8.91% |
| 4 | Consumer Discretionary | 7.95% |
| 5 | Industrials | 7.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Booking.com
BKNG
$160B
| $59.9M | 0.24% |
485,925
-59,925
| -11% | -$7.26M |
|
77
Intuit
INTU
$95B
| $59.3M | 0.24% |
116,046
+26,381
| +29% | +$13.3M |
|
78
Walt Disney
DIS
$181B
| $58.8M | 0.24% |
725,359
+23,978
| +3% | +$2.05M |
|
79
Union Pacific
UNP
$176B
| $58.4M | 0.24% |
286,958
+20,080
| +8% | +$4.37M |
|
80
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
| $58.4M | 0.24% |
1,163,324
-47,976
| -4% | -$2.4M |
|
81
iShares MSCI Malaysia ETF
EWM
$332M
| $54.8M | 0.22% |
2,659,114
| – | – |
|
82
Intel
INTC
$530B
| $54.4M | 0.22% |
1,531,538
-981,300
| -39% | -$34.2M |
|
83
Mondelez International
MDLZ
$80.8B
| $52.9M | 0.21% |
761,677
+368,705
| +94% | +$26.6M |
|
84
Texas Instruments
TXN
$253B
| $52.5M | 0.21% |
330,369
-90,320
| -21% | -$15.4M |
|
|
MRSH
85
Marsh
MRSH
$90.9B
| $52M | 0.21% |
273,505
-57,492
| -17% | -$11M |
|
86
Qualcomm
QCOM
$175B
| $51.2M | 0.21% |
460,729
-143,119
| -24% | -$16.6M |
|
87
Nike
NKE
$60.7B
| $50.9M | 0.21% |
531,876
-94,463
| -15% | -$9.72M |
|
88
TJX Companies
TJX
$169B
| $49.8M | 0.2% |
560,563
+206,676
| +58% | +$18.2M |
|
89
Boeing
BA
$182B
| $49.6M | 0.2% |
258,557
-36,120
| -12% | -$7.9M |
|
90
Goldman Sachs
GS
$307B
| $49.5M | 0.2% |
152,945
-61,821
| -29% | -$20.7M |
|
91
Elevance Health
ELV
$87.7B
| $47.4M | 0.19% |
108,941
-34,550
| -24% | -$15.7M |
|
92
Lowe's Companies
LOW
$122B
| $47.3M | 0.19% |
227,740
+71,674
| +46% | +$16.1M |
|
93
IBM
IBM
$225B
| $47.1M | 0.19% |
335,497
+70,043
| +26% | +$9.97M |
|
94
Automatic Data Processing
ADP
$108B
| $46.4M | 0.19% |
192,932
-36,450
| -16% | -$8.89M |
|
95
Medtronic
MDT
$117B
| $46.1M | 0.19% |
588,163
-217,268
| -27% | -$18.2M |
|
96
American Express
AXP
$232B
| $46M | 0.19% |
308,318
-194,834
| -39% | -$31.9M |
|
97
Bristol-Myers Squibb
BMY
$132B
| $45.7M | 0.18% |
786,931
-655,196
| -45% | -$40.1M |
|
98
AvalonBay Communities
AVB
$26.4B
| $45.5M | 0.18% |
265,097
+30,900
| +13% | +$5.71M |
|
99
Honeywell
HON
$73.9B
| $45.4M | 0.18% |
260,687
-104,836
| -29% | -$19.2M |
|
100
Starbucks
SBUX
$126B
| $44.6M | 0.18% |
488,305
+184,795
| +61% | +$18.1M |
|
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PCH
N
State of Tennessee, Department of Treasury's Q3 2023 Portfolio in Review
As of Q3 2023, State of Tennessee, Department of Treasury held 1,768 positions worth $24.8B, up 3.6% from $23.9B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
State of Tennessee, Department of Treasury deployed $1.84B of net new capital in Q3 2023, opening 61 new positions and adding to 590 existing holdings. Its largest new stake was Kenvue: 1,004,827 shares worth $20.2M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 21% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Marathon Petroleum, an estimated $71M trimmed.
- State of Tennessee, Department of Treasury's largest Q3 2023 buy was Kenvue: 1,004,827 shares worth $20.2M.
- State of Tennessee, Department of Treasury added most to Vanguard Morningstar Total Stock Market ETF in Q3 2023, an estimated $602M increase.
- State of Tennessee, Department of Treasury's biggest Q3 2023 reduction was Marathon Petroleum, cutting an estimated $71M.
- State of Tennessee, Department of Treasury fully exited State Street Consumer Staples Select Sector SPDR ETF in Q3 2023, selling an estimated $23.5M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 26% of its $24.8B portfolio in Q3 2023.
- State of Tennessee, Department of Treasury opened 61 new positions and closed 169 in Q3 2023.
- State of Tennessee, Department of Treasury's portfolio value rose 3.6% quarter-over-quarter to $24.8B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2023, filed 14 Nov 2023.