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State of Tennessee, Department of Treasury

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
Cap. Flow
-$1.82B
Cap. Flow %
-7.13%
Top 10 Hldgs %
24.28%
Holding
1,726
New
127
Increased
533
Reduced
647
Closed
69

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$47.8M
2
ANGL icon
VanEck Fallen Angel High Yield Bond ETF
ANGL
+$41.5M
3
LULU icon
lululemon athletica
LULU
+$27.9M
4
PGR icon
Progressive
PGR
+$25.8M
5
VZ icon
Verizon
VZ
+$18.3M

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$496M
2
VCIT icon
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
+$230M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$228M
4
MBB icon
iShares MBS ETF
MBB
+$216M
5
VEA icon
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
MS icon
126
Morgan Stanley
MS
$344B
$39.8M 0.16%
426,851
-9,795
-2% -$784K
ZTS icon
127
Zoetis
ZTS
$30.7B
$39.1M 0.15%
198,314
+43,227
+28% +$7.65M
EQR icon
128
Equity Residential
EQR
$24.7B
$39M 0.15%
638,326
-1,403
-0.2% -$81.2K
PCAR icon
129
PACCAR
PCAR
$68.4B
$38.8M 0.15%
397,376
+61,982
+18% +$5.57M
GILD icon
130
Gilead Sciences
GILD
$170B
$37.8M 0.15%
466,157
-95,328
-17% -$7.42M
TT icon
131
Trane Technologies
TT
$106B
$37.6M 0.15%
154,133
+15,405
+11% +$3.37M
RTX icon
132
RTX Corp
RTX
$297B
$37.6M 0.15%
446,766
+31,845
+8% +$2.52M
EPOL icon
133
iShares MSCI Poland ETF
EPOL
$814M
$37.5M 0.15%
1,657,630
– –
TJX icon
134
TJX Companies
TJX
$168B
$37.4M 0.15%
398,655
-161,908
-29% -$14.5M
LRCX icon
135
Lam Research
LRCX
$431B
$37.4M 0.15%
477,000
+35,810
+8% +$2.44M
SLB icon
136
SLB Ltd
SLB
$77.3B
$36.8M 0.14%
707,579
-40,206
-5% -$2.19M
TDG icon
137
TransDigm Group
TDG
$68.4B
$36.6M 0.14%
36,225
+3,954
+12% +$3.65M
PM icon
138
Philip Morris
PM
$294B
$36.6M 0.14%
389,451
-263,381
-40% -$24.3M
FISV
139
Fiserv Inc
FISV
$28.3B
$36.6M 0.14%
275,165
-53,113
-16% -$6.52M
TMUS icon
140
T-Mobile US
TMUS
$194B
$36.4M 0.14%
226,801
+12,361
+6% +$1.83M
PXD
141
DELISTED
Pioneer Natural Resource Co.
PXD
$36.3M 0.14%
161,328
+38,666
+32% +$9.06M
SO icon
142
Southern Company
SO
$107B
$36.1M 0.14%
514,766
+12,849
+3% +$882K
PSX icon
143
Phillips 66
PSX
$91.8B
$36M 0.14%
270,499
-65,703
-20% -$7.85M
MCK icon
144
McKesson
MCK
$100B
$35M 0.14%
75,512
+28
+0% +$12.7K
GM icon
145
General Motors
GM
$76.3B
$34.9M 0.14%
971,215
+130,084
+15% +$4.02M
MINT icon
146
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17.1B
$34.8M 0.14%
349,200
+48,353
+16% +$4.83M
CI icon
147
Cigna
CI
$73.4B
$34.5M 0.14%
115,275
-26,879
-19% -$7.85M
TRI icon
148
Thomson Reuters
TRI
$44.5B
$34.3M 0.13%
229,537
+5,897
+3% +$797K
DUK icon
149
Duke Energy
DUK
$96.8B
$34.1M 0.13%
351,668
+75,386
+27% +$6.86M
BNS icon
150
Scotiabank
BNS
$110B
$33.8M 0.13%
691,444
– –
4 5
6
7 8

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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.