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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
+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
(+7.3%)
Cap. Flow
-$694M
Cap. Flow
% of AUM
-2.48%
Top 10 Holdings %
Top 10 Hldgs %
29.49%
Holding
1,782
New
63
Increased
481
Reduced
719
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Prologis
PLD
|
+$28.9M |
| 2 |
Coinbase
COIN
|
+$16.3M |
| 3 |
Capital One
COF
|
+$16M |
| 4 |
McDonald's
MCD
|
+$15.8M |
| 5 |
iShares Fallen Angels USD Bond ETF
FALN
|
+$15.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MBS ETF
MBB
|
+$233M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$202M |
| 3 |
NVIDIA
NVDA
|
+$33.5M |
| 4 |
Icon
ICLR
|
+$28.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1376
QuinStreet
QNST
$1.19B
| $530K | ﹤0.01% |
32,892
+8,776
| +36% | +$141K |
|
1377
1st Source
SRCE
$2.13B
| $529K | ﹤0.01% |
8,520
-2,498
| -23% | -$149K |
|
|
ARI
1378
Apollo Commercial Real Estate
ARI
$886M
| $529K | ﹤0.01% |
54,598
-2,250
| -4% | -$21.2K |
|
1379
LeMaitre Vascular
LMAT
$1.87B
| $527K | ﹤0.01% |
6,343
-5,009
| -44% | -$419K |
|
1380
Azenta
AZTA
$1.49B
| $527K | ﹤0.01% |
17,110
+5,970
| +54% | +$168K |
|
|
DVAX
1381
DELISTED
Dynavax Technologies
DVAX
| $527K | ﹤0.01% |
53,084
-1,017
| -2% | -$10.7K |
|
1382
Riley Exploration Permian
REPX
$786M
| $525K | ﹤0.01% |
20,020
| – | – |
|
1383
MillerKnoll
MLKN
$1.62B
| $523K | ﹤0.01% |
26,922
-4,400
| -14% | -$75K |
|
1384
Bristow Group
VTOL
$1.38B
| $522K | ﹤0.01% |
15,836
+3,318
| +27% | +$100K |
|
|
VRE
1385
DELISTED
Veris Residential
VRE
| $520K | ﹤0.01% |
34,943
-2,589
| -7% | -$39.8K |
|
1386
Donnelley Financial Solutions
DFIN
$1.22B
| $518K | ﹤0.01% |
8,404
+2,229
| +36% | +$115K |
|
1387
Fox Factory Holding Corp
FOXF
$886M
| $517K | ﹤0.01% |
19,934
+9,246
| +87% | +$217K |
|
1388
SolarEdge
SEDG
$1.98B
| $516K | ﹤0.01% |
25,317
+11,436
| +82% | +$189K |
|
1389
Papa John's
PZZA
$804M
| $509K | ﹤0.01% |
10,406
+2,521
| +32% | +$103K |
|
1390
Patterson-UTI
PTEN
$4.16B
| $509K | ﹤0.01% |
85,863
-49,709
| -37% | -$299K |
|
1391
Cogent Communications
CCOI
$530M
| $508K | ﹤0.01% |
10,542
| – | – |
|
1392
Karat Packaging
KRT
$953M
| $508K | ﹤0.01% |
18,041
+1,138
| +7% | +$31.7K |
|
1393
Enact Holdings
ACT
$6.84B
| $505K | ﹤0.01% |
13,595
-4,546
| -25% | -$161K |
|
1394
Sprinklr
CXM
$1.65B
| $504K | ﹤0.01% |
59,576
+32,000
| +116% | +$256K |
|
1395
Dorchester Minerals
DMLP
$1.35B
| $504K | ﹤0.01% |
18,088
-8,519
| -32% | -$240K |
|
1396
Nathan's Famous
NATH
$397M
| $504K | ﹤0.01% |
4,557
-817
| -15% | -$83.3K |
|
1397
Perrigo
PRGO
$1.78B
| $502K | ﹤0.01% |
18,780
-43,571
| -70% | -$1.14M |
|
1398
HUB Group
HUBG
$2.55B
| $500K | ﹤0.01% |
14,957
-7,952
| -35% | -$267K |
|
|
EFC
1399
Ellington Financial
EFC
$1.76B
| $496K | ﹤0.01% |
38,177
+4,568
| +14% | +$58.1K |
|
1400
Acushnet Holdings
GOLF
$5.25B
| $494K | ﹤0.01% |
6,785
| – | – |
|
Similar funds
PCH
N
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.