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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 | |
|---|---|---|---|---|---|---|
1426
BancFirst
BANF
$3.89B
| $489K | ﹤0.01% |
4,443
-1,415
| -24% | -$160K |
|
1427
Photronics
PLAB
$1.97B
| $488K | ﹤0.01% |
14,104
-12,273
| -47% | -$317K |
|
1428
The GEO Group
GEO
$4B
| $487K | ﹤0.01% |
30,489
-28,166
| -48% | -$470K |
|
1429
XPEL
XPEL
$1.39B
| $487K | ﹤0.01% |
9,450
+3,714
| +65% | +$155K |
|
1430
MaxLinear
MXL
$6.95B
| $486K | ﹤0.01% |
28,014
-5,102
| -15% | -$83.1K |
|
1431
ArcBest
ARCB
$3.28B
| $480K | ﹤0.01% |
5,317
-2,339
| -31% | -$166K |
|
1432
Quaker Houghton
KWR
$2.95B
| $479K | ﹤0.01% |
3,116
-246
| -7% | -$33.2K |
|
1433
Safety Insurance
SAFT
$1.52B
| $478K | ﹤0.01% |
6,070
-2,087
| -26% | -$154K |
|
1434
RingCentral
RNG
$5.66B
| $477K | ﹤0.01% |
18,433
| – | – |
|
1435
Walker & Dunlop
WD
$1.47B
| $476K | ﹤0.01% |
7,575
-598
| -7% | -$42.4K |
|
|
CON
1436
Concentra Group Holdings
CON
$4.48B
| $475K | ﹤0.01% |
21,417
-1,693
| -7% | -$33.9K |
|
1437
Allegiant Air
ALGT
$2.36B
| $474K | ﹤0.01% |
5,352
-1,168
| -18% | -$83.5K |
|
1438
Perion Network
PERI
$384M
| $468K | ﹤0.01% |
53,145
| – | – |
|
1439
National Vision
EYE
$1.51B
| $466K | ﹤0.01% |
17,679
-28,797
| -62% | -$775K |
|
1440
Playtika
PLTK
$961M
| $464K | ﹤0.01% |
128,169
-18,398
| -13% | -$71.9K |
|
|
UDMY
1441
DELISTED
Udemy
UDMY
| $463K | ﹤0.01% |
96,182
+56,124
| +140% | +$327K |
|
|
CALY
1442
Callaway Golf Company
CALY
$2.95B
| $462K | ﹤0.01% |
32,221
-25,682
| -44% | -$271K |
|
1443
Endava
DAVA
$167M
| $462K | ﹤0.01% |
73,091
+36,992
| +102% | +$283K |
|
1444
CoreCivic
CXW
$3.13B
| $460K | ﹤0.01% |
24,836
-19,454
| -44% | -$356K |
|
1445
Alamo Group
ALG
$1.99B
| $460K | ﹤0.01% |
2,353
-1,081
| -31% | -$188K |
|
|
EFC
1446
Ellington Financial
EFC
$1.76B
| $459K | ﹤0.01% |
35,739
-3,141
| -8% | -$42.7K |
|
|
VRE
1447
DELISTED
Veris Residential
VRE
| $457K | ﹤0.01% |
30,111
-5,475
| -15% | -$80.9K |
|
|
JBGS
1448
JBG SMITH
JBGS
$692M
| $457K | ﹤0.01% |
27,120
-5,561
| -17% | -$105K |
|
1449
BJ's Restaurants
BJRI
$1.42B
| $456K | ﹤0.01% |
10,908
-3,703
| -25% | -$132K |
|
1450
Neogen
NEOG
$2.59B
| $450K | ﹤0.01% |
43,997
-3,478
| -7% | -$21.9K |
|
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.