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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
+12.23%
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
$25.5B
AUM Growth
+$751M
(+3%)
Cap. Flow
-$1.82B
Cap. Flow
% of AUM
-7.13%
Top 10 Holdings %
Top 10 Hldgs %
24.28%
Holding
1,726
New
127
Increased
533
Reduced
647
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$47.8M |
| 2 |
VanEck Fallen Angel High Yield Bond ETF
ANGL
|
+$41.5M |
| 3 |
lululemon athletica
LULU
|
+$27.9M |
| 4 |
Progressive
PGR
|
+$25.8M |
| 5 |
Verizon
VZ
|
+$18.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$496M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$230M |
| 3 |
Vanguard Long-Term Corporate Bond ETF
VCLT
|
+$228M |
| 4 |
iShares MBS ETF
MBB
|
+$216M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$183M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.77% |
| 2 | Financials | 10.74% |
| 3 | Healthcare | 9.11% |
| 4 | Consumer Discretionary | 8.86% |
| 5 | Industrials | 7.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
HealthStream
HSTM
$849M
| $420K | ﹤0.01% |
15,553
+7,346
| +90% | +$183K |
|
1452
Nu Skin
NUS
$236M
| $418K | ﹤0.01% |
21,545
-3,594
| -14% | -$66.3K |
|
|
HTLF
1453
DELISTED
Heartland Financial USA, Inc.
HTLF
| $417K | ﹤0.01% |
+11,093
| New | +$351K |
|
1454
US Physical Therapy
USPH
$1.24B
| $411K | ﹤0.01% |
4,418
-2,885
| -40% | -$254K |
|
1455
Marten Transport
MRTN
$1.24B
| $410K | ﹤0.01% |
19,566
| – | – |
|
|
INN
1456
Summit Hotel Properties
INN
$656M
| $408K | ﹤0.01% |
60,730
-4,141
| -6% | -$25.5K |
|
1457
Encore Capital Group
ECPG
$2.15B
| $403K | ﹤0.01% |
7,947
| – | – |
|
1458
Armstrong World Industries
AWI
$7.68B
| $400K | ﹤0.01% |
+4,072
| New | +$337K |
|
1459
Regenxbio
RGNX
$704M
| $394K | ﹤0.01% |
21,974
+105
| +0.5% | +$1.85K |
|
1460
Dillards
DDS
$9.59B
| $394K | ﹤0.01% |
977
-108
| -10% | -$36.6K |
|
1461
National Beverage
FIZZ
$2.93B
| $394K | ﹤0.01% |
7,929
-5,645
| -42% | -$270K |
|
1462
Middlesex Water
MSEX
$1.11B
| $393K | ﹤0.01% |
5,993
-3,114
| -34% | -$205K |
|
1463
AdaptHealth
AHCO
$760M
| $389K | ﹤0.01% |
53,321
+12,859
| +32% | +$101K |
|
1464
Universal Insurance Holdings
UVE
$1.18B
| $386K | ﹤0.01% |
24,169
-7,380
| -23% | -$115K |
|
1465
Kaiser Aluminum
KALU
$2.99B
| $386K | ﹤0.01% |
5,416
| – | – |
|
1466
Matthews International
MATW
$722M
| $381K | ﹤0.01% |
10,400
-2,664
| -20% | -$97.7K |
|
1467
Consensus Cloud Solutions
CCSI
$717M
| $370K | ﹤0.01% |
14,115
-1,796
| -11% | -$42.1K |
|
1468
RingCentral
RNG
$5.66B
| $369K | ﹤0.01% |
+10,872
| New | +$325K |
|
1469
Marcus & Millichap
MMI
$1.2B
| $368K | ﹤0.01% |
8,427
| – | – |
|
1470
Shenandoah Telecom
SHEN
$744M
| $368K | ﹤0.01% |
17,023
| – | – |
|
1471
Trupanion
TRUP
$1.36B
| $365K | ﹤0.01% |
11,947
| – | – |
|
1472
Employers Holdings
EIG
$871M
| $364K | ﹤0.01% |
9,242
-8,853
| -49% | -$344K |
|
1473
Koppers
KOP
$874M
| $364K | ﹤0.01% |
7,101
-4,124
| -37% | -$172K |
|
1474
Pitney Bowes
PBI
$2.28B
| $362K | ﹤0.01% |
82,364
+27,374
| +50% | +$106K |
|
|
CHCT
1475
Community Healthcare Trust
CHCT
$433M
| $362K | ﹤0.01% |
13,599
+445
| +3% | +$12.3K |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q4 2023 Portfolio in Review
As of Q4 2023, State of Tennessee, Department of Treasury held 1,726 positions worth $25.5B, up 3% from $24.8B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
State of Tennessee, Department of Treasury withdrew a net $1.82B in Q4 2023, closing 69 positions and reducing 647 holdings. Its most notable exit was Invesco Senior Loan ETF, an estimated $69.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, State of Tennessee, Department of Treasury opened a new position in Uber worth $56.3M.
- State of Tennessee, Department of Treasury's largest Q4 2023 buy was Uber: 914,357 shares worth $56.3M.
- State of Tennessee, Department of Treasury added most to VanEck Fallen Angel High Yield Bond ETF in Q4 2023, an estimated $41.5M increase.
- State of Tennessee, Department of Treasury's biggest Q4 2023 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $496M.
- State of Tennessee, Department of Treasury fully exited Invesco Senior Loan ETF in Q4 2023, selling an estimated $69.5M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 24% of its $25.5B portfolio in Q4 2023.
- State of Tennessee, Department of Treasury opened 127 new positions and closed 69 in Q4 2023.
- State of Tennessee, Department of Treasury's portfolio value rose 3% quarter-over-quarter to $25.5B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2023, filed 14 Feb 2024.