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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
-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
Cap. Flow
+$1.84B
Cap. Flow %
7.43%
Top 10 Hldgs %
26.09%
Holding
1,768
New
61
Increased
590
Reduced
666
Closed
169

Top Buys

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$602M
2
VCIT icon
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
+$277M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$276M
4
MBB icon
iShares MBS ETF
MBB
+$271M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$231M

Top Sells

Rank Stock Value
1
MPC icon
Marathon Petroleum
MPC
+$71M
2
KO icon
Coca-Cola
KO
+$68.5M
3
MA icon
Mastercard
MA
+$59M
4
PEP icon
PepsiCo
PEP
+$50.7M
5
ADM icon
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
DE icon
101
Deere & Co
DE
$166B
$44.2M 0.18%
117,216
-60,845
-34% -$25.1M
ISRG icon
102
Intuitive Surgical
ISRG
$142B
$43.8M 0.18%
150,019
-55,342
-27% -$17.3M
SLB icon
103
SLB Ltd
SLB
$76.8B
$43.6M 0.18%
747,785
-180,948
-19% -$10.5M
BSX icon
104
Boston Scientific
BSX
$75.7B
$42.4M 0.17%
803,396
-294,206
-27% -$15.4M
ETN icon
105
Eaton
ETN
$176B
$42.2M 0.17%
198,008
+95,811
+94% +$20.7M
AMAT icon
106
Applied Materials
AMAT
$439B
$42.2M 0.17%
304,582
+81,304
+36% +$11.7M
GILD icon
107
Gilead Sciences
GILD
$170B
$42.1M 0.17%
561,485
-151,589
-21% -$11.7M
MU icon
108
Micron Technology
MU
$1.06T
$41.7M 0.17%
613,113
+10,896
+2% +$730K
REGN icon
109
Regeneron Pharmaceuticals
REGN
$83.3B
$41.5M 0.17%
50,418
+21,990
+77% +$17.3M
VZ icon
110
Verizon
VZ
$197B
$41.1M 0.17%
1,267,444
+178,157
+16% +$6.02M
SPG icon
111
Simon Property Group
SPG
$72.2B
$40.8M 0.16%
377,551
-158,501
-30% -$18.6M
CI icon
112
Cigna
CI
$73.9B
$40.7M 0.16%
142,154
-13,575
-9% -$3.87M
PSX icon
113
Phillips 66
PSX
$90B
$40.4M 0.16%
336,202
+242,154
+257% +$27.2M
CNQ icon
114
Canadian Natural Resources
CNQ
$96.7B
$40.2M 0.16%
1,236,552
– –
T icon
115
AT&T
T
$167B
$39.8M 0.16%
2,649,835
+160,575
+6% +$2.35M
CVS icon
116
CVS Health
CVS
$123B
$39.5M 0.16%
565,981
-339,358
-37% -$24M
CB icon
117
Chubb
CB
$133B
$39.3M 0.16%
188,839
+123,914
+191% +$25.1M
NEE icon
118
NextEra Energy
NEE
$179B
$39.2M 0.16%
684,451
-388,339
-36% -$26.9M
WCN
119
Waste Connections
WCN
$41.7B
$38.8M 0.16%
288,578
+25,069
+10% +$3.51M
ENB icon
120
Enbridge
ENB
$112B
$38.6M 0.16%
1,158,789
– –
SHOP icon
121
Shopify
SHOP
$199B
$38.3M 0.15%
698,895
– –
AMP icon
122
Ameriprise Financial
AMP
$49.9B
$38.1M 0.15%
115,594
-48,437
-30% -$16.5M
VLO icon
123
Valero Energy
VLO
$94.9B
$37.7M 0.15%
266,296
+205,806
+340% +$27M
EQR icon
124
Equity Residential
EQR
$24.9B
$37.6M 0.15%
639,729
-893
-0.1% -$57.7K
SYK icon
125
Stryker
SYK
$133B
$37.4M 0.15%
136,966
+50,061
+58% +$14.4M
3 4
5
6 7

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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.