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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
HTO
1026
H2O America
HTO
$2.62B
$1.4M 0.01%
21,389
+5,456
+34% +$346K
DEI icon
1027
Douglas Emmett
DEI
$1.95B
$1.38M 0.01%
95,484
-482,065
-83% -$6.12M
SBRA icon
1028
Sabra Healthcare REIT
SBRA
$5.15B
$1.38M 0.01%
96,800
– –
CPK icon
1029
Chesapeake Utilities
CPK
$3.25B
$1.38M 0.01%
13,053
+3,173
+32% +$302K
FULT icon
1030
Fulton Financial
FULT
$4.67B
$1.38M 0.01%
83,554
+5,591
+7% +$78.5K
HRL icon
1031
Hormel Foods
HRL
$13.4B
$1.37M 0.01%
42,806
– –
FCF icon
1032
First Commonwealth Financial
FCF
$2.18B
$1.37M 0.01%
88,466
– –
PGNY icon
1033
Progyny
PGNY
$1.95B
$1.36M 0.01%
36,600
+5,300
+17% +$178K
WAFD icon
1034
WaFd
WAFD
$2.79B
$1.35M 0.01%
41,065
-2,301
-5% -$63.6K
HIW icon
1035
Highwoods Properties
HIW
$3.46B
$1.35M 0.01%
58,846
-475,299
-89% -$9.47M
TEVA icon
1036
Teva Pharmaceuticals
TEVA
$42.6B
$1.35M 0.01%
+129,358
New +$1.21M
MTX icon
1037
Minerals Technologies
MTX
$2.25B
$1.35M 0.01%
18,899
+5,161
+38% +$306K
REZI icon
1038
Resideo Technologies
REZI
$3.89B
$1.35M 0.01%
71,500
-1,224
-2% -$20K
AAL icon
1039
American Airlines Group
AAL
$9.97B
$1.34M 0.01%
97,398
– –
PFBC icon
1040
Preferred Bank
PFBC
$1.26B
$1.34M 0.01%
18,318
-4,289
-19% -$279K
CPB icon
1041
Campbell Soup
CPB
$6.74B
$1.33M 0.01%
30,830
-147,340
-83% -$6.06M
CARG icon
1042
CarGurus
CARG
$3.29B
$1.33M 0.01%
55,100
+674
+1% +$13.5K
WU icon
1043
Western Union
WU
$2.34B
$1.33M 0.01%
+111,200
New +$1.36M
BLMN icon
1044
Bloomin' Brands
BLMN
$975M
$1.32M 0.01%
47,042
-14,294
-23% -$347K
CSGS
1045
DELISTED
CSG Systems International
CSGS
$1.32M 0.01%
24,725
-1,581
-6% -$81K
SHAK icon
1046
Shake Shack
SHAK
$2.94B
$1.31M 0.01%
17,725
– –
AA icon
1047
Alcoa
AA
$13.1B
$1.31M 0.01%
+38,600
New +$1.04M
PRG icon
1048
PROG Holdings
PRG
$1.64B
$1.31M 0.01%
42,338
+4,915
+13% +$144K
VLY icon
1049
Valley National Bancorp
VLY
$8.25B
$1.31M 0.01%
120,500
+100
+0.1% +$897
PLMR icon
1050
Palomar
PLMR
$3.36B
$1.31M 0.01%
23,529
+3,512
+18% +$196K
40 41
42
43 44

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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.