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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 | |
|---|---|---|---|---|---|---|
1476
Danaos Corp
DAC
$2.56B
| $407K | ﹤0.01% |
+3,935
| New | +$363K |
|
1477
Euroseas
ESEA
$519M
| $404K | ﹤0.01% |
+7,069
| New | +$406K |
|
1478
PENN Entertainment
PENN
$2.53B
| $403K | ﹤0.01% |
31,370
-15,839
| -34% | -$247K |
|
1479
QuidelOrtho
QDEL
$1.03B
| $402K | ﹤0.01% |
14,794
-6,968
| -32% | -$189K |
|
1480
Azenta
AZTA
$1.49B
| $401K | ﹤0.01% |
10,324
-10,941
| -51% | -$358K |
|
|
PMT
1481
PennyMac Mortgage Investment
PMT
$828M
| $401K | ﹤0.01% |
33,886
-3,411
| -9% | -$42.5K |
|
1482
Veeco
VECO
$3.28B
| $399K | ﹤0.01% |
12,767
-11,808
| -48% | -$350K |
|
1483
National Beverage
FIZZ
$2.93B
| $397K | ﹤0.01% |
11,635
+5,879
| +102% | +$202K |
|
1484
Quanex
NX
$981M
| $396K | ﹤0.01% |
21,138
+4,407
| +26% | +$62.3K |
|
1485
Newell Brands
NWL
$2.63B
| $396K | ﹤0.01% |
93,089
-93,511
| -50% | -$378K |
|
1486
Kinetik
KNTK
$4.16B
| $395K | ﹤0.01% |
9,658
-763
| -7% | -$27.6K |
|
1487
UFP Technologies
UFPT
$2.48B
| $395K | ﹤0.01% |
1,571
-1,579
| -50% | -$338K |
|
1488
Albany International
AIN
$1.82B
| $394K | ﹤0.01% |
7,099
-5,477
| -44% | -$284K |
|
1489
Hilltop Holdings
HTH
$2.28B
| $393K | ﹤0.01% |
10,485
-829
| -7% | -$27.8K |
|
|
BCYC
1490
Bicycle Therapeutics
BCYC
$279M
| $393K | ﹤0.01% |
61,153
+16,311
| +36% | +$120K |
|
1491
ManpowerGroup
MAN
$2.75B
| $388K | ﹤0.01% |
+10,690
| New | +$334K |
|
1492
Addus HomeCare
ADUS
$2.2B
| $381K | ﹤0.01% |
3,683
-1,520
| -29% | -$175K |
|
|
STEL
1493
DELISTED
Stellar Bancorp
STEL
| $381K | ﹤0.01% |
10,258
-810
| -7% | -$24.9K |
|
1494
World Kinect Corp
WKC
$1.9B
| $381K | ﹤0.01% |
14,157
-1,119
| -7% | -$27.6K |
|
|
CSR
1495
Centerspace
CSR
$939M
| $381K | ﹤0.01% |
5,921
-1,105
| -16% | -$69.4K |
|
1496
Astrana Health
ASTH
$1.87B
| $375K | ﹤0.01% |
16,484
-8,351
| -34% | -$222K |
|
1497
Northwest Bancshares
NWBI
$2.31B
| $374K | ﹤0.01% |
29,034
-36,668
| -56% | -$446K |
|
1498
Adient
ADNT
$1.54B
| $370K | ﹤0.01% |
17,789
-15,982
| -47% | -$336K |
|
1499
Payoneer
PAYO
$2.42B
| $366K | ﹤0.01% |
57,231
-47,884
| -46% | -$277K |
|
1500
Southside Bancshares
SBSI
$984M
| $364K | ﹤0.01% |
11,319
+3,950
| +54% | +$116K |
|
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.