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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
-11.86%
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
$18.3B
AUM Growth
-$2.24B
Cap. Flow
+$606M
Cap. Flow %
3.3%
Top 10 Hldgs %
18.13%
Holding
1,660
New
81
Increased
925
Reduced
519
Closed
95

Top Buys

Rank Stock Value
1
MRK icon
Merck
MRK
+$105M
2
VZ icon
Verizon
VZ
+$93.1M
3
CI icon
Cigna
CI
+$65M
4
BAX icon
Baxter International
BAX
+$51.6M
5
MMM icon
3M
MMM
+$50.6M

Top Sells

Rank Stock Value
1
RY icon
Royal Bank of Canada
RY
+$91.6M
2
PX
Praxair Inc
PX
+$81.6M
3
MDT icon
Medtronic
MDT
+$75.1M
4
T icon
AT&T
T
+$64.2M
5
VRTX icon
Vertex Pharmaceuticals
VRTX
+$59.4M

Sector Composition

Rank Sector Weight
1 Technology 14.41%
2 Financials 13.34%
3 Healthcare 12.47%
4 Industrials 8.69%
5 Consumer Discretionary 7.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CWEN.A
1526
DELISTED
Clearway Energy Class A
CWEN.A
$77K ﹤0.01%
+4,550
New +$84K
SENEA icon
1527
Seneca Foods Class A
SENEA
$1.31B
$77K ﹤0.01%
2,727
-604
-18% -$19.2K
VTOL icon
1528
Bristow Group
VTOL
$1.37B
$77K ﹤0.01%
4,379
-971
-18% -$20.8K
CASA
1529
DELISTED
Casa Systems, Inc. Common Stock
CASA
$76K ﹤0.01%
+5,797
New +$83.2K
BELFB
1530
Bel Fuse Inc Class B
BELFB
$4.25B
$74K ﹤0.01%
4,003
-887
-18% -$20K
LQDT icon
1531
Liquidity Services
LQDT
$1.32B
$70K ﹤0.01%
11,309
-2,508
-18% -$15.5K
TBHC
1532
DELISTED
The Brand House Collective
TBHC
$69K ﹤0.01%
7,250
-1,607
-18% -$15.6K
PCRX icon
1533
Pacira BioSciences
PCRX
$929M
$69K ﹤0.01%
+1,602
New +$74.8K
CNR
1534
DELISTED
Cornerstone Building Brands, Inc.
CNR
$64K ﹤0.01%
+8,810
New +$106K
IVC
1535
DELISTED
Invacare Corporation
IVC
$63K ﹤0.01%
14,718
-3,265
-18% -$28.9K
GEOS icon
1536
Geospace Technologies
GEOS
$65.8M
$62K ﹤0.01%
5,974
-1,324
-18% -$17.7K
CRNT icon
1537
Ceragon Networks
CRNT
$201M
$61K ﹤0.01%
16,166
– –
AVDL
1538
DELISTED
Avadel Pharmaceuticals
AVDL
$60K ﹤0.01%
23,291
– –
ZEUS
1539
DELISTED
Olympic Steel
ZEUS
$59K ﹤0.01%
4,118
-912
-18% -$16.6K
HYD icon
1540
VanEck High Yield Muni ETF
HYD
$4.41B
$55K ﹤0.01%
900
-20,800
-96% -$1.27M
OTTR icon
1541
Otter Tail
OTTR
$3.89B
$55K ﹤0.01%
+1,117
New +$53.3K
ORN icon
1542
Orion Group Holdings
ORN
$397M
$53K ﹤0.01%
12,410
-2,752
-18% -$13.8K
KG
1543
Kestrel Group
KG
$63.5M
$52K ﹤0.01%
1,589
-774
-33% -$41.7K
SUP
1544
DELISTED
Superior Industries International
SUP
$50K ﹤0.01%
10,497
-5,896
-36% -$54.9K
LXU icon
1545
LSB Industries
LXU
$707M
$49K ﹤0.01%
11,460
-2,542
-18% -$14.9K
GIFI
1546
DELISTED
Gulf Island Fabrication
GIFI
$45K ﹤0.01%
6,264
-1,389
-18% -$11.7K
MRUS
1547
DELISTED
Merus
MRUS
$44K ﹤0.01%
3,147
– –
PES
1548
DELISTED
Pioneer Energy Services Corp.
PES
$43K ﹤0.01%
34,613
-7,679
-18% -$19.1K
FIZZ icon
1549
National Beverage
FIZZ
$2.92B
$40K ﹤0.01%
+1,106
New +$50.9K
BAND
1550
Bandwidth Inc
BAND
$1.73B
$38K ﹤0.01%
+926
New +$43.5K
60 61
62
63 64

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State of Tennessee, Department of Treasury's Q4 2018 Portfolio in Review

As of Q4 2018, State of Tennessee, Department of Treasury held 1,660 positions worth $18.3B, down 11% from $20.6B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

State of Tennessee, Department of Treasury deployed $606M of net new capital in Q4 2018, opening 81 new positions and adding to 925 existing holdings. Its largest new stake was iShares Biotechnology ETF: 422,400 shares worth $40.7M.

By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 16% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Medtronic, an estimated $75.1M trimmed.

  • State of Tennessee, Department of Treasury's largest Q4 2018 buy was iShares Biotechnology ETF: 422,400 shares worth $40.7M.
  • State of Tennessee, Department of Treasury added most to Merck in Q4 2018, an estimated $105M increase.
  • State of Tennessee, Department of Treasury's biggest Q4 2018 reduction was Medtronic, cutting an estimated $75.1M.
  • State of Tennessee, Department of Treasury fully exited Royal Bank of Canada in Q4 2018, selling an estimated $91.6M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 18% of its $18.3B portfolio in Q4 2018.
  • State of Tennessee, Department of Treasury opened 81 new positions and closed 95 in Q4 2018.
  • State of Tennessee, Department of Treasury's portfolio value fell 11% quarter-over-quarter to $18.3B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2018, filed 11 Feb 2019.