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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 | |
|---|---|---|---|---|---|---|
|
UHT
1626
Universal Health Realty Income Trust
UHT
$573M
| $201K | ﹤0.01% |
5,055
-613
| -11% | -$23.9K |
|
1627
SandRidge Energy
SD
$516M
| $197K | ﹤0.01% |
12,418
| – | – |
|
1628
Centrus Energy
LEU
$3.83B
| $195K | ﹤0.01% |
+700
| New | +$211K |
|
1629
Dine Brands
DIN
$440M
| $194K | ﹤0.01% |
+5,654
| New | +$164K |
|
|
GOOS
1630
Canada Goose Holdings
GOOS
$850M
| $194K | ﹤0.01% |
+15,972
| New | +$213K |
|
1631
Scholastic
SCHL
$784M
| $193K | ﹤0.01% |
5,530
-437
| -7% | -$12.5K |
|
1632
Intapp
INTA
$3.16B
| $192K | ﹤0.01% |
5,646
+770
| +16% | +$31.9K |
|
|
INN
1633
Summit Hotel Properties
INN
$656M
| $191K | ﹤0.01% |
43,280
-4,694
| -10% | -$24.6K |
|
|
TRST
1634
Trustco Bank Corp NY
TRST
$971M
| $189K | ﹤0.01% |
4,357
-7,444
| -63% | -$297K |
|
1635
Matthews International
MATW
$722M
| $184K | ﹤0.01% |
6,998
-553
| -7% | -$13.6K |
|
1636
Navient
NAVI
$867M
| $183K | ﹤0.01% |
18,703
-1,478
| -7% | -$18.4K |
|
|
SBR
1637
Sabine Royalty Trust
SBR
$1.06B
| $182K | ﹤0.01% |
2,551
-2,270
| -47% | -$165K |
|
1638
Consensus Cloud Solutions
CCSI
$717M
| $182K | ﹤0.01% |
+8,517
| New | +$210K |
|
1639
Metallus
MTUS
$892M
| $181K | ﹤0.01% |
9,053
-715
| -7% | -$12.3K |
|
1640
CVR Energy
CVI
$3.58B
| $181K | ﹤0.01% |
7,938
-627
| -7% | -$21.3K |
|
1641
IHS Holding
IHS
$2.81B
| $179K | ﹤0.01% |
22,438
| – | – |
|
1642
Freshworks
FRSH
$3.51B
| $179K | ﹤0.01% |
16,628
| – | – |
|
1643
Stagwell
STGW
$2.28B
| $179K | ﹤0.01% |
+29,809
| New | +$155K |
|
1644
F&G Annuities & Life
FG
$3.59B
| $179K | ﹤0.01% |
+6,068
| New | +$190K |
|
|
TIC
1645
TIC Solutions Inc
TIC
$2.19B
| $179K | ﹤0.01% |
17,684
-13,497
| -43% | -$150K |
|
1646
Dorchester Minerals
DMLP
$1.35B
| $178K | ﹤0.01% |
7,000
-11,088
| -61% | -$259K |
|
1647
Caledonia Mining Corp
CMCL
$439M
| $177K | ﹤0.01% |
+6,440
| New | +$189K |
|
1648
Tenable Holdings
TENB
$4.41B
| $173K | ﹤0.01% |
+7,848
| New | +$214K |
|
1649
BioLife Solutions
BLFS
$1.72B
| $171K | ﹤0.01% |
7,823
-618
| -7% | -$16.2K |
|
1650
Oppenheimer Holdings
OPY
$1.23B
| $170K | ﹤0.01% |
+2,028
| New | +$141K |
|
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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.