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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
KLXI
1651
DELISTED
KLX Inc.
KLXI
– –
-3,166
Closed -$199K
SYNT
1652
DELISTED
Syntel Inc
SYNT
– –
-2,565
Closed -$105K
ANDV
1653
DELISTED
Andeavor
ANDV
– –
-31,036
Closed -$4.76M
XCRA
1654
DELISTED
Xcerra Corporation
XCRA
– –
-7,197
Closed -$103K
CA
1655
DELISTED
CA, Inc.
CA
– –
-70,010
Closed -$3.09M
63 64 65 66
67

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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.