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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
SPG icon
101
Simon Property Group
SPG
$72B
$48M 0.19%
336,550
-41,001
-11% -$4.96M
TXN icon
102
Texas Instruments
TXN
$254B
$48M 0.19%
281,386
-48,983
-15% -$7.59M
HON icon
103
Honeywell
HON
$74.3B
$47.3M 0.19%
239,459
-21,228
-8% -$3.83M
MRSH
104
Marsh
MRSH
$90.9B
$46.9M 0.18%
247,769
-25,736
-9% -$4.97M
PH icon
105
Parker-Hannifin
PH
$133B
$46.9M 0.18%
101,890
+16,342
+19% +$6.8M
SCHW
106
Charles Schwab
SCHW
$190B
$46.7M 0.18%
678,430
+20,608
+3% +$1.19M
VRTX icon
107
Vertex Pharmaceuticals
VRTX
$134B
$46.6M 0.18%
114,556
+9,005
+9% +$3.33M
EWC icon
108
iShares MSCI Canada ETF
EWC
$6.51B
$46.1M 0.18%
1,258,113
-1,080,555
-46% -$36.8M
ELV icon
109
Elevance Health
ELV
$87.6B
$45.9M 0.18%
97,253
-11,688
-11% -$5.4M
UBS icon
110
UBS Group
UBS
$176B
$45.7M 0.18%
1,474,450
+409,464
+38% +$10.8M
PGR icon
111
Progressive
PGR
$122B
$45.7M 0.18%
286,858
+164,764
+135% +$25.8M
NEE icon
112
NextEra Energy
NEE
$180B
$45.1M 0.18%
742,361
+57,910
+8% +$3.3M
WCN
113
Waste Connections
WCN
$41.7B
$44.4M 0.17%
296,388
+7,810
+3% +$1.07M
ICLR icon
114
Icon
ICLR
$12.8B
$44.1M 0.17%
155,797
+7,270
+5% +$1.88M
SBUX icon
115
Starbucks
SBUX
$125B
$42.8M 0.17%
446,177
-42,128
-9% -$4.1M
SYK icon
116
Stryker
SYK
$132B
$42.5M 0.17%
141,813
+4,847
+4% +$1.36M
PANW icon
117
Palo Alto Networks
PANW
$324B
$42.4M 0.17%
287,806
+42,564
+17% +$5.69M
REGN icon
118
Regeneron Pharmaceuticals
REGN
$83.1B
$42.4M 0.17%
48,264
-2,154
-4% -$1.77M
BMY icon
119
Bristol-Myers Squibb
BMY
$131B
$42M 0.16%
819,361
+32,430
+4% +$1.7M
JPST icon
120
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
$42M 0.16%
836,800
-326,524
-28% -$16.4M
ENB icon
121
Enbridge
ENB
$112B
$41.9M 0.16%
1,158,789
– –
BMO icon
122
Bank of Montreal
BMO
$128B
$40.7M 0.16%
409,666
– –
CB icon
123
Chubb
CB
$133B
$40.7M 0.16%
180,226
-8,613
-5% -$1.88M
SCZ icon
124
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
$40.6M 0.16%
656,424
-564,576
-46% -$32.2M
BSX icon
125
Boston Scientific
BSX
$75.3B
$40.2M 0.16%
695,470
-107,926
-13% -$5.76M
3 4
5
6 7

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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.