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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 | |
|---|---|---|---|---|---|---|
|
AAT
1501
American Assets Trust
AAT
$1.41B
| $364K | ﹤0.01% |
20,172
-2,004
| -9% | -$38.7K |
|
1502
Arvinas
ARVN
$589M
| $364K | ﹤0.01% |
+27,212
| New | +$297K |
|
|
DEC
1503
Diversified Energy Company
DEC
$1B
| $362K | ﹤0.01% |
+27,037
| New | +$379K |
|
1504
Envista
NVST
$4.51B
| $361K | ﹤0.01% |
15,392
-659
| -4% | -$13.5K |
|
1505
Century Communities
CCS
$2.04B
| $361K | ﹤0.01% |
5,730
-1,246
| -18% | -$75.8K |
|
|
DEA
1506
Easterly Government Properties
DEA
$1.18B
| $361K | ﹤0.01% |
15,426
-1,869
| -11% | -$40.6K |
|
|
DVAX
1507
DELISTED
Dynavax Technologies
DVAX
| $360K | ﹤0.01% |
23,218
-29,866
| -56% | -$329K |
|
1508
Marcus & Millichap
MMI
$1.2B
| $356K | ﹤0.01% |
13,070
+6,952
| +114% | +$201K |
|
1509
Flowers Foods
FLO
$1.6B
| $352K | ﹤0.01% |
30,837
-1,320
| -4% | -$15.3K |
|
1510
Radware
RDWR
$1.25B
| $352K | ﹤0.01% |
14,590
| – | – |
|
1511
The Greenbrier Companies
GBX
$1.42B
| $352K | ﹤0.01% |
6,980
-5,265
| -43% | -$236K |
|
1512
Digi International
DGII
$3.23B
| $351K | ﹤0.01% |
8,145
-6,471
| -44% | -$259K |
|
1513
Artivion
AORT
$1.39B
| $350K | ﹤0.01% |
8,573
-677
| -7% | -$30.2K |
|
1514
MasterBrand
MBC
$1.89B
| $349K | ﹤0.01% |
28,773
-23,987
| -45% | -$281K |
|
1515
Gibraltar Industries
ROCK
$1.45B
| $348K | ﹤0.01% |
6,790
-536
| -7% | -$30.7K |
|
1516
Central Pacific Financial
CPF
$1B
| $346K | ﹤0.01% |
10,625
+3,908
| +58% | +$118K |
|
1517
Lakeland Financial Corp
LKFN
$1.56B
| $345K | ﹤0.01% |
5,796
-458
| -7% | -$27.2K |
|
1518
Sprout Social
SPT
$604M
| $345K | ﹤0.01% |
38,071
+26,474
| +228% | +$286K |
|
1519
Enviri
NVRI
$564M
| $344K | ﹤0.01% |
18,170
-1,436
| -7% | -$21.4K |
|
|
SNCY
1520
DELISTED
Sun Country Airlines
SNCY
| $343K | ﹤0.01% |
19,571
-6,115
| -24% | -$78.2K |
|
1521
Goosehead Insurance
GSHD
$2.39B
| $343K | ﹤0.01% |
5,544
-3,885
| -41% | -$277K |
|
1522
Marriott Vacations Worldwide
VAC
$4.17B
| $343K | ﹤0.01% |
6,310
-4,389
| -41% | -$259K |
|
1523
Talos Energy
TALO
$2.58B
| $342K | ﹤0.01% |
28,685
-2,268
| -7% | -$23.7K |
|
1524
Xencor
XNCR
$1.71B
| $342K | ﹤0.01% |
28,276
-2,717
| -9% | -$40.6K |
|
1525
Fortuna Silver Mines
FSM
$3.1B
| $342K | ﹤0.01% |
34,925
-65,283
| -65% | -$588K |
|
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.