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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 | |
|---|---|---|---|---|---|---|
1401
BlackLine
BL
$1.82B
| $537K | ﹤0.01% |
11,561
-914
| -7% | -$50.3K |
|
1402
First Bancorp
FBNC
$2.74B
| $537K | ﹤0.01% |
9,269
-732
| -7% | -$37.1K |
|
1403
Trinity Industries
TRN
$2.34B
| $533K | ﹤0.01% |
18,542
-9,386
| -34% | -$255K |
|
1404
Shutterstock
SSTK
$217M
| $530K | ﹤0.01% |
26,718
+7,578
| +40% | +$162K |
|
1405
Rogers Corp
ROG
$2.46B
| $530K | ﹤0.01% |
5,448
+1,343
| +33% | +$115K |
|
|
BBT
1406
Beacon Financial Corp
BBT
$2.71B
| $526K | ﹤0.01% |
18,559
-14,865
| -44% | -$377K |
|
1407
Ranger Energy Services
RNGR
$405M
| $525K | ﹤0.01% |
34,039
+9,705
| +40% | +$132K |
|
1408
Progress Software
PRGS
$1.83B
| $522K | ﹤0.01% |
12,768
+2,110
| +20% | +$92K |
|
|
ARI
1409
Apollo Commercial Real Estate
ARI
$886M
| $516K | ﹤0.01% |
47,699
-6,752
| -12% | -$67.5K |
|
1410
Vishay Intertechnology
VSH
$5.11B
| $514K | ﹤0.01% |
25,513
-11,168
| -30% | -$169K |
|
1411
Unitil
UTL
$992M
| $514K | ﹤0.01% |
10,090
-293
| -3% | -$14.3K |
|
1412
Daktronics
DAKT
$988M
| $513K | ﹤0.01% |
+22,164
| New | +$424K |
|
|
XIFR
1413
XPLR Infrastructure LP
XIFR
$1.09B
| $506K | ﹤0.01% |
51,989
+32,716
| +170% | +$317K |
|
1414
Chemours
CC
$2.3B
| $506K | ﹤0.01% |
33,751
-2,668
| -7% | -$34.3K |
|
|
INVX
1415
Innovex International
INVX
$2.15B
| $504K | ﹤0.01% |
20,301
-11,375
| -36% | -$237K |
|
1416
Alpha Metallurgical Resources
AMR
$1.97B
| $504K | ﹤0.01% |
2,404
-190
| -7% | -$32.8K |
|
1417
Knowles
KN
$3.23B
| $504K | ﹤0.01% |
20,793
-1,644
| -7% | -$37.5K |
|
|
HI
1418
DELISTED
Hillenbrand
HI
| $504K | ﹤0.01% |
15,790
-14,045
| -47% | -$433K |
|
1419
HNI Corp
HNI
$3.56B
| $501K | ﹤0.01% |
10,475
-8,696
| -45% | -$367K |
|
1420
Riskified
RSKD
$863M
| $500K | ﹤0.01% |
117,264
| – | – |
|
1421
Tennant Co
TNC
$1.15B
| $499K | ﹤0.01% |
6,559
+247
| +4% | +$18.9K |
|
1422
AMN Healthcare
AMN
$1.34B
| $498K | ﹤0.01% |
23,402
+8,368
| +56% | +$149K |
|
1423
Schneider National
SNDR
$6.37B
| $495K | ﹤0.01% |
18,453
-567
| -3% | -$13.4K |
|
1424
Werner Enterprises
WERN
$2.31B
| $490K | ﹤0.01% |
14,305
-1,131
| -7% | -$31.1K |
|
1425
Chefs' Warehouse
CHEF
$4.57B
| $490K | ﹤0.01% |
7,788
-6,848
| -47% | -$412K |
|
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.