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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
PFF icon
1601
iShares Preferred and Income Securities ETF
PFF
$13.3B
– –
-34,700
Closed -$1.29M
PJT icon
1602
PJT Partners
PJT
$4.39B
– –
-2,385
Closed -$125K
RY icon
1603
Royal Bank of Canada
RY
$297B
– –
-1,143,717
Closed -$91.6M
SBLK icon
1604
Star Bulk Carriers
SBLK
$3.19B
– –
-3,790
Closed -$55K
SCZ icon
1605
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
– –
-12,697
Closed -$791K
SIMO icon
1606
Silicon Motion
SIMO
$8.4B
– –
-73,814
Closed -$3.96M
SLF icon
1607
Sun Life Financial
SLF
$44.5B
– –
-481,749
Closed -$19.1M
SLRC icon
1608
SLR Investment Corp
SLRC
$711M
– –
-12,500
Closed -$267K
TCBI icon
1609
Texas Capital Bancshares
TCBI
$4.39B
– –
-19,535
Closed -$1.61M
TKR icon
1610
Timken Company
TKR
$9.11B
– –
-1,258
Closed -$63K
TPL icon
1611
Texas Pacific Land
TPL
$23.9B
– –
-1,269
Closed -$122K
TRI icon
1612
Thomson Reuters
TRI
$44.5B
– –
-178,588
Closed -$9.45M
TRP icon
1613
TC Energy
TRP
$65.9B
– –
-690,807
Closed -$27.9M
TSE
1614
DELISTED
Trinseo
TSE
– –
-2,573
Closed -$201K
URBN icon
1615
Urban Outfitters
URBN
$6.5B
– –
-2,260
Closed -$92K
WMS icon
1616
Advanced Drainage Systems
WMS
$11.1B
– –
-2,949
Closed -$91K
WOLF icon
1617
Wolfspeed
WOLF
$1.68B
– –
-58,604
Closed -$2.22M
FLG
1618
Flagstar Bank National Association
FLG
$5.94B
– –
-43,926
Closed -$1.37M
QVCGA
1619
DELISTED
QVC Group Inc Series A
QVCGA
– –
-29
Closed -$31K
PDCO
1620
DELISTED
Patterson Companies, Inc.
PDCO
– –
-29,302
Closed -$716K
SRCL
1621
DELISTED
Stericycle Inc
SRCL
– –
-19,172
Closed -$1.13M
AMJ
1622
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
– –
-7,300
Closed -$200K
DOOR
1623
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
– –
-3,122
Closed -$200K
VNTR
1624
DELISTED
Venator Materials PLC
VNTR
– –
-14,011
Closed -$126K
CLR
1625
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-85,803
Closed -$5.86M
63 64
65
66 67

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PCH
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N
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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.