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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
PFE icon
76
Pfizer
PFE
$152B
$63.5M 0.25%
2,205,050
-139,440
-6% -$4.22M
AXP icon
77
American Express
AXP
$233B
$62.7M 0.25%
334,851
+26,533
+9% +$4.27M
NKE icon
78
Nike
NKE
$60.5B
$62.3M 0.24%
573,958
+42,082
+8% +$4.52M
GS icon
79
Goldman Sachs
GS
$306B
$61.7M 0.24%
159,980
+7,035
+5% +$2.35M
IBM icon
80
IBM
IBM
$224B
$57.6M 0.23%
352,252
+16,755
+5% +$2.53M
COP icon
81
ConocoPhillips
COP
$151B
$57.3M 0.22%
493,721
-55,669
-10% -$6.51M
EWM icon
82
iShares MSCI Malaysia ETF
EWM
$331M
$56.5M 0.22%
2,659,114
– –
UBER icon
83
Uber
UBER
$154B
$56.3M 0.22%
+914,357
New +$47.8M
SHOP icon
84
Shopify
SHOP
$196B
$56.1M 0.22%
717,635
+18,740
+3% +$1.2M
AMAT icon
85
Applied Materials
AMAT
$441B
$55.3M 0.22%
341,288
+36,706
+12% +$5.39M
CAT icon
86
Caterpillar
CAT
$394B
$55.2M 0.22%
186,747
-50,258
-21% -$13M
CNQ icon
87
Canadian Natural Resources
CNQ
$96.5B
$54.7M 0.21%
1,661,122
+424,570
+34% +$13.7M
MDLZ icon
88
Mondelez International
MDLZ
$80.6B
$54.6M 0.21%
753,677
-8,000
-1% -$548K
BKNG icon
89
Booking.com
BKNG
$160B
$54.5M 0.21%
384,375
-101,550
-21% -$12.7M
NOW icon
90
ServiceNow
NOW
$129B
$54.1M 0.21%
382,885
+76,870
+25% +$9.69M
ISRG icon
91
Intuitive Surgical
ISRG
$141B
$52.7M 0.21%
156,238
+6,219
+4% +$1.85M
ETN icon
92
Eaton
ETN
$177B
$52.3M 0.2%
216,991
+18,983
+10% +$4.19M
AMT icon
93
American Tower
AMT
$80.2B
$51.7M 0.2%
239,534
+47,366
+25% +$8.95M
MU icon
94
Micron Technology
MU
$1.06T
$51.1M 0.2%
598,669
-14,444
-2% -$1.07M
T icon
95
AT&T
T
$166B
$50.3M 0.2%
2,996,181
+346,346
+13% +$5.47M
CVS icon
96
CVS Health
CVS
$123B
$49.3M 0.19%
624,817
+58,836
+10% +$4.19M
AVB icon
97
AvalonBay Communities
AVB
$26.3B
$49.1M 0.19%
262,176
-2,921
-1% -$510K
LOW icon
98
Lowe's Companies
LOW
$122B
$48.8M 0.19%
219,140
-8,600
-4% -$1.74M
XLK icon
99
State Street Technology Select Sector SPDR ETF
XLK
$125B
$48.6M 0.19%
504,724
+63,058
+14% +$5.61M
MDT icon
100
Medtronic
MDT
$117B
$48.4M 0.19%
586,957
-1,206
-0.2% -$91.9K
2 3
4
5 6

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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.