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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
-2.92%
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
$24.8B
AUM Growth
+$869M
(+3.6%)
Cap. Flow
+$1.84B
Cap. Flow
% of AUM
7.43%
Top 10 Holdings %
Top 10 Hldgs %
26.09%
Holding
1,768
New
61
Increased
590
Reduced
666
Closed
169
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$602M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$277M |
| 3 |
Vanguard Long-Term Corporate Bond ETF
VCLT
|
+$276M |
| 4 |
iShares MBS ETF
MBB
|
+$271M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$231M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$71M |
| 2 |
Coca-Cola
KO
|
+$68.5M |
| 3 |
Mastercard
MA
|
+$59M |
| 4 |
PepsiCo
PEP
|
+$50.7M |
| 5 |
Archer Daniels Midland
ADM
|
+$49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.35% |
| 2 | Financials | 9.67% |
| 3 | Healthcare | 8.91% |
| 4 | Consumer Discretionary | 7.95% |
| 5 | Industrials | 7.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1601
Agree Realty
ADC
$9.33B
| – | – |
-27,947
| Closed | -$1.83M |
|
|
ALE
1602
DELISTED
Allete
ALE
| – | – |
-30,352
| Closed | -$1.76M |
|
1603
Alight
ALIT
$383M
| – | – |
-1,985
| Closed | -$367K |
|
1604
Amerant Bancorp
AMTB
$1.14B
| – | – |
-9,800
| Closed | -$168K |
|
|
EFOR
1605
Everforth Inc
EFOR
$1.33B
| – | – |
-24,313
| Closed | -$1.84M |
|
1606
Ashland
ASH
$3.38B
| – | – |
-25,034
| Closed | -$2.18M |
|
1607
Avient
AVNT
$4.2B
| – | – |
-49,803
| Closed | -$2.04M |
|
1608
Axalta
AXTA
$7.95B
| – | – |
-111,571
| Closed | -$3.66M |
|
1609
Acuity Brands
AYI
$10.8B
| – | – |
-17,733
| Closed | -$2.89M |
|
1610
Brink's
BCO
$4.7B
| – | – |
-19,192
| Closed | -$1.3M |
|
1611
Belden
BDC
$5.39B
| – | – |
-22,681
| Closed | -$2.17M |
|
1612
DMC Global
BOOM
$155M
| – | – |
-6,304
| Closed | -$112K |
|
1613
Baytex Energy
BTE
$2.99B
| – | – |
-48,662
| Closed | -$159K |
|
1614
BlueLinx
BXC
$699M
| – | – |
-1,800
| Closed | -$169K |
|
|
CADE
1615
DELISTED
Cadence Bank
CADE
| – | – |
-112,752
| Closed | -$2.21M |
|
1616
Avis
CAR
$4.95B
| – | – |
-13,456
| Closed | -$3.08M |
|
1617
Cabot Corp
CBT
$4.45B
| – | – |
-31,641
| Closed | -$2.12M |
|
1618
Chemours
CC
$2.29B
| – | – |
-58,075
| Closed | -$2.14M |
|
1619
Choice Hotels
CHH
$4.69B
| – | – |
-9,200
| Closed | -$1.08M |
|
1620
Chord Energy
CHRD
$7.32B
| – | – |
-10,204
| Closed | -$1.57M |
|
1621
Cleveland-Cliffs
CLF
$6.95B
| – | – |
-272,985
| Closed | -$4.58M |
|
1622
Comtech Telecommunications
CMTL
$52.1M
| – | – |
-9,405
| Closed | -$86K |
|
1623
CNO Financial Group
CNO
$5.07B
| – | – |
-56,323
| Closed | -$1.33M |
|
1624
CNX Resources
CNX
$5.22B
| – | – |
-73,283
| Closed | -$1.3M |
|
1625
Coty
COTY
$2.42B
| – | – |
-148,902
| Closed | -$1.83M |
|
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State of Tennessee, Department of Treasury's Q3 2023 Portfolio in Review
As of Q3 2023, State of Tennessee, Department of Treasury held 1,768 positions worth $24.8B, up 3.6% from $23.9B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
State of Tennessee, Department of Treasury deployed $1.84B of net new capital in Q3 2023, opening 61 new positions and adding to 590 existing holdings. Its largest new stake was Kenvue: 1,004,827 shares worth $20.2M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 21% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Marathon Petroleum, an estimated $71M trimmed.
- State of Tennessee, Department of Treasury's largest Q3 2023 buy was Kenvue: 1,004,827 shares worth $20.2M.
- State of Tennessee, Department of Treasury added most to Vanguard Morningstar Total Stock Market ETF in Q3 2023, an estimated $602M increase.
- State of Tennessee, Department of Treasury's biggest Q3 2023 reduction was Marathon Petroleum, cutting an estimated $71M.
- State of Tennessee, Department of Treasury fully exited State Street Consumer Staples Select Sector SPDR ETF in Q3 2023, selling an estimated $23.5M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 26% of its $24.8B portfolio in Q3 2023.
- State of Tennessee, Department of Treasury opened 61 new positions and closed 169 in Q3 2023.
- State of Tennessee, Department of Treasury's portfolio value rose 3.6% quarter-over-quarter to $24.8B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2023, filed 14 Nov 2023.