We are live on ! Find out more
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
+13.04%
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
$28B
AUM Growth
+$1.89B
Cap. Flow
-$694M
Cap. Flow %
-2.48%
Top 10 Hldgs %
29.49%
Holding
1,782
New
63
Increased
481
Reduced
719
Closed
60

Top Buys

Rank Stock Value
1
PLD icon
Prologis
PLD
+$28.9M
2
COIN icon
Coinbase
COIN
+$16.3M
3
COF icon
Capital One
COF
+$16M
4
MCD icon
McDonald's
MCD
+$15.8M
5
FALN icon
iShares Fallen Angels USD Bond ETF
FALN
+$15.4M

Top Sells

Rank Stock Value
1
MBB icon
iShares MBS ETF
MBB
+$233M
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$202M
3
NVDA icon
NVIDIA
NVDA
+$33.5M
4
ICLR icon
Icon
ICLR
+$28.6M
5
MSFT icon
Microsoft
MSFT
+$27.9M

Sector Composition

Rank Sector Weight
1 Technology 24.16%
2 Financials 11.97%
3 Consumer Discretionary 8.55%
4 Industrials 7.22%
5 Communication Services 6.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GEV icon
101
GE Vernova
GEV
$273B
$51.6M 0.18%
97,467
-3,961
-4% -$1.65M
BN icon
102
Brookfield
BN
$110B
$51.1M 0.18%
1,240,839
– –
TJX icon
103
TJX Companies
TJX
$169B
$49.5M 0.18%
401,035
-9,183
-2% -$1.16M
NEE icon
104
NextEra Energy
NEE
$179B
$49.5M 0.18%
713,351
+20,501
+3% +$1.42M
ETN icon
105
Eaton
ETN
$177B
$49.1M 0.18%
137,621
-11,792
-8% -$3.63M
WCN
106
Waste Connections
WCN
$41.7B
$48.5M 0.17%
259,765
+5,300
+2% +$1.02M
UNP icon
107
Union Pacific
UNP
$176B
$48.3M 0.17%
209,883
-24,953
-11% -$5.54M
COF icon
108
Capital One
COF
$137B
$47.7M 0.17%
224,266
+85,753
+62% +$16M
ADI icon
109
Analog Devices
ADI
$189B
$47.4M 0.17%
199,262
+37,660
+23% +$7.84M
MU icon
110
Micron Technology
MU
$1.06T
$47.3M 0.17%
384,012
-60,780
-14% -$5.68M
CMCSA icon
111
Comcast
CMCSA
$92B
$47.1M 0.17%
1,321,043
+130,852
+11% +$4.53M
AON icon
112
Aon
AON
$75.2B
$47.1M 0.17%
132,058
+14,440
+12% +$5.23M
VRTX icon
113
Vertex Pharmaceuticals
VRTX
$134B
$47.1M 0.17%
105,759
+7,410
+8% +$3.41M
AMGN icon
114
Amgen
AMGN
$226B
$47M 0.17%
168,154
-24,220
-13% -$6.86M
THD icon
115
iShares MSCI Thailand ETF
THD
$355M
$46.5M 0.17%
921,912
-32,697
-3% -$1.73M
SCZ icon
116
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
$46.3M 0.17%
637,648
-44,882
-7% -$3.04M
BMO icon
117
Bank of Montreal
BMO
$128B
$46.3M 0.17%
418,739
– –
EQR icon
118
Equity Residential
EQR
$24.8B
$45.7M 0.16%
677,231
+59,069
+10% +$4.06M
DE icon
119
Deere & Co
DE
$167B
$45.5M 0.16%
89,572
-4,765
-5% -$2.33M
ADP icon
120
Automatic Data Processing
ADP
$108B
$43.8M 0.16%
142,066
-2,161
-1% -$664K
PANW icon
121
Palo Alto Networks
PANW
$324B
$43.5M 0.16%
212,555
-9,239
-4% -$1.72M
KLAC icon
122
KLA
KLAC
$274B
$42.4M 0.15%
473,860
-20,550
-4% -$1.55M
LOW icon
123
Lowe's Companies
LOW
$122B
$42.1M 0.15%
189,745
-4,692
-2% -$1.05M
GILD icon
124
Gilead Sciences
GILD
$170B
$41.9M 0.15%
377,802
-54,826
-13% -$5.83M
MDLZ icon
125
Mondelez International
MDLZ
$80.7B
$41.6M 0.15%
616,215
+30,434
+5% +$2.03M
3 4
5
6 7

Similar funds

Eagle Capital Management (New York)
Eagle Capital Management (New York) New York $29.8B AUM 12.13% 1-Year Est. Return
Coatue Management
Coatue Management New York $29.1B AUM 96.54% 1-Year Est. Return
Hudson Bay Capital Management
Hudson Bay Capital Management Stamford, Connecticut $29B AUM 30.2% 1-Year Est. Return
Lord, Abbett & Co
Lord, Abbett & Co Jersey City, New Jersey $30.6B AUM 57.44% 1-Year Est. Return
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS) Columbus, Ohio $30.9B AUM 29.72% 1-Year Est. Return
PCH
Polar Capital Holdings London, United Kingdom $28.2B AUM 115.26% 1-Year Est. Return
N
Natixis Paris, France $28B AUM 26.79% 1-Year Est. Return
Gates Foundation Trust
Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return

State of Tennessee, Department of Treasury's Q2 2025 Portfolio in Review

As of Q2 2025, State of Tennessee, Department of Treasury held 1,782 positions worth $28B, up 7.3% from $26.1B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

State of Tennessee, Department of Treasury's Q2 2025 filing shows 63 new, 481 increased, 719 reduced and 60 closed positions. Its largest new stake was Coinbase: 69,843 shares worth $24.5M. The largest sale was iShares MBS ETF, an estimated $233M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.

  • State of Tennessee, Department of Treasury's largest Q2 2025 buy was Coinbase: 69,843 shares worth $24.5M.
  • State of Tennessee, Department of Treasury added most to Prologis in Q2 2025, an estimated $28.9M increase.
  • State of Tennessee, Department of Treasury's biggest Q2 2025 reduction was iShares MBS ETF, cutting an estimated $233M.
  • State of Tennessee, Department of Treasury fully exited iShares 20+ Year Treasury Bond ETF in Q2 2025, selling an estimated $202M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 29% of its $28B portfolio in Q2 2025.
  • State of Tennessee, Department of Treasury opened 63 new positions and closed 60 in Q2 2025.
  • State of Tennessee, Department of Treasury's portfolio value rose 7.3% quarter-over-quarter to $28B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q2 2025, filed 15 Aug 2025.