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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
+4.74%
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
$31.3B
AUM Growth
+$1.24B
(+4.1%)
Cap. Flow
-$287M
Cap. Flow
% of AUM
-0.92%
Top 10 Holdings %
Top 10 Hldgs %
28.36%
Holding
1,819
New
92
Increased
472
Reduced
1,140
Closed
92
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$211M |
| 2 |
Applovin
APP
|
+$43.1M |
| 3 |
Sea Limited
SE
|
+$26M |
| 4 |
TotalEnergies
TTE
|
+$25.5M |
| 5 |
CRH
CRH
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Taiwan ETF
EWT
|
+$244M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$88.6M |
| 3 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$69.2M |
| 4 |
Ferrari
RACE
|
+$54.5M |
| 5 |
iShares MSCI India ETF
INDA
|
+$43.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.95% |
| 2 | Financials | 11.36% |
| 3 | Consumer Discretionary | 8.16% |
| 4 | Communication Services | 7.8% |
| 5 | Industrials | 7.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Leggett & Platt
LEG
$1.32B
| $664K | ﹤0.01% |
56,931
-2,430
| -4% | -$23.9K |
|
1327
MSC Industrial Direct
MSM
$6.77B
| $662K | ﹤0.01% |
7,845
-335
| -4% | -$29K |
|
1328
Boston Beer
SAM
$1.9B
| $661K | ﹤0.01% |
3,094
+2,475
| +400% | +$510K |
|
1329
HUB Group
HUBG
$2.55B
| $660K | ﹤0.01% |
13,862
-1,095
| -7% | -$41.6K |
|
1330
Provident Financial Services
PFS
$3.26B
| $652K | ﹤0.01% |
29,458
-63,812
| -68% | -$1.23M |
|
1331
QuinStreet
QNST
$1.19B
| $648K | ﹤0.01% |
48,735
+10,343
| +27% | +$149K |
|
1332
Advance Auto Parts
AAP
$3.46B
| $641K | ﹤0.01% |
13,351
-9,072
| -40% | -$455K |
|
1333
Interparfums
IPAR
$3.7B
| $640K | ﹤0.01% |
6,563
-4,197
| -39% | -$369K |
|
1334
Donnelley Financial Solutions
DFIN
$1.22B
| $639K | ﹤0.01% |
12,340
+6,165
| +100% | +$298K |
|
|
TPH
1335
DELISTED
Tri Pointe Homes
TPH
| $638K | ﹤0.01% |
19,143
-6,824
| -26% | -$222K |
|
1336
Seacoast Banking Corp of Florida
SBCF
$3.48B
| $638K | ﹤0.01% |
19,073
-15,880
| -45% | -$495K |
|
1337
Kelly Services Class A
KELYA
$566M
| $636K | ﹤0.01% |
+58,982
| New | +$600K |
|
1338
Usana Health Sciences
USNA
$252M
| $636K | ﹤0.01% |
29,290
+22,108
| +308% | +$459K |
|
1339
Park Hotels & Resorts
PK
$3.03B
| $635K | ﹤0.01% |
58,127
-2,489
| -4% | -$26.7K |
|
1340
Clear Secure
YOU
$4.7B
| $633K | ﹤0.01% |
19,394
-13,571
| -41% | -$462K |
|
|
EFOR
1341
Everforth Inc
EFOR
$1.37B
| $632K | ﹤0.01% |
12,125
-519
| -4% | -$23.9K |
|
1342
Dole
DOLE
$1.26B
| $625K | ﹤0.01% |
39,264
-18,134
| -32% | -$253K |
|
1343
Par Pacific Holdings
PARR
$4.12B
| $624K | ﹤0.01% |
16,546
-7,444
| -31% | -$296K |
|
1344
Ituran Location and Control
ITRN
$1.06B
| $624K | ﹤0.01% |
13,976
-3,251
| -19% | -$127K |
|
|
HTBK
1345
DELISTED
Heritage Commerce
HTBK
| $623K | ﹤0.01% |
+48,960
| New | +$531K |
|
1346
First Financial Bancorp
FFBC
$3.6B
| $623K | ﹤0.01% |
21,684
-32,525
| -60% | -$812K |
|
1347
GitLab
GTLB
$7.32B
| $619K | ﹤0.01% |
17,686
-757
| -4% | -$32.8K |
|
1348
Campbell Soup
CPB
$6.94B
| $618K | ﹤0.01% |
22,091
-33,691
| -60% | -$1.01M |
|
|
LTC
1349
LTC Properties
LTC
$2.1B
| $618K | ﹤0.01% |
16,946
-2,126
| -11% | -$74.9K |
|
1350
Karooooo
KARO
$1.97B
| $618K | ﹤0.01% |
12,347
+1,242
| +11% | +$58.2K |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q4 2025 Portfolio in Review
As of Q4 2025, State of Tennessee, Department of Treasury held 1,819 positions worth $31.3B, up 4.1% from $30B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
State of Tennessee, Department of Treasury's Q4 2025 filing shows 92 new, 472 increased, 1,140 reduced and 92 closed positions. Its largest new stake was TSMC: 718,960 shares worth $238M. The largest sale was iShares MSCI Taiwan ETF, an estimated $244M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Financials and Consumer Discretionary.
- State of Tennessee, Department of Treasury's largest Q4 2025 buy was TSMC: 718,960 shares worth $238M.
- State of Tennessee, Department of Treasury added most to Applovin in Q4 2025, an estimated $43.1M increase.
- State of Tennessee, Department of Treasury's biggest Q4 2025 reduction was iShares MSCI Taiwan ETF, cutting an estimated $244M.
- State of Tennessee, Department of Treasury fully exited iShares 0-5 Year High Yield Corporate Bond ETF in Q4 2025, selling an estimated $69.2M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 28% of its $31.3B portfolio in Q4 2025.
- State of Tennessee, Department of Treasury opened 92 new positions and closed 92 in Q4 2025.
- State of Tennessee, Department of Treasury's portfolio value rose 4.1% quarter-over-quarter to $31.3B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2025, filed 18 Feb 2026.