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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
-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
(-11%)
Cap. Flow
+$606M
Cap. Flow
% of AUM
3.3%
Top 10 Holdings %
Top 10 Hldgs %
18.13%
Holding
1,660
New
81
Increased
925
Reduced
519
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$105M |
| 2 |
Verizon
VZ
|
+$93.1M |
| 3 |
Cigna
CI
|
+$65M |
| 4 |
Baxter International
BAX
|
+$51.6M |
| 5 |
3M
MMM
|
+$50.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$91.6M |
| 2 |
PX
Praxair Inc
PX
|
+$81.6M |
| 3 |
Medtronic
MDT
|
+$75.1M |
| 4 |
AT&T
T
|
+$64.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
151
Gilead Sciences
GILD
$170B
| $27.7M | 0.15% |
443,193
+58,484
| +15% | +$4.09M |
|
152
Linde
LIN
$222B
| $27.7M | 0.15% |
+177,349
| New | +$28M |
|
153
MetLife
MET
$61.6B
| $27.4M | 0.15% |
668,014
+21,919
| +3% | +$940K |
|
154
Dollar General
DG
$26.8B
| $27.4M | 0.15% |
253,125
-5,159
| -2% | -$559K |
|
155
Albemarle
ALB
$15.7B
| $27.2M | 0.15% |
353,023
+328,813
| +1,358% | +$31M |
|
156
Public Service Enterprise Group
PEG
$37.9B
| $27.1M | 0.15% |
520,566
+64,582
| +14% | +$3.48M |
|
157
Prudential Financial
PRU
$42.6B
| $27M | 0.15% |
331,589
+8,941
| +3% | +$824K |
|
158
Philip Morris
PM
$296B
| $26.9M | 0.15% |
402,846
+55,835
| +16% | +$4.66M |
|
159
Huntington Ingalls Industries
HII
$12.8B
| $26.9M | 0.15% |
141,194
+7,774
| +6% | +$1.69M |
|
160
Bristol-Myers Squibb
BMY
$132B
| $26.8M | 0.15% |
516,217
-996,913
| -66% | -$53.6M |
|
161
IBM
IBM
$221B
| $26.8M | 0.15% |
246,341
+16,902
| +7% | +$2.03M |
|
162
Equity Residential
EQR
$24.8B
| $26.8M | 0.15% |
405,361
+50,199
| +14% | +$3.37M |
|
163
Caterpillar
CAT
$393B
| $26.4M | 0.14% |
208,022
+33,671
| +19% | +$4.38M |
|
164
Brookfield
BN
$109B
| $26.4M | 0.14% |
1,929,410
+8,933
| +0.5% | +$133K |
|
165
Canadian Imperial Bank of Commerce
CM
$111B
| $26.1M | 0.14% |
698,960
+3,816
| +0.5% | +$162K |
|
166
Elevance Health
ELV
$86.9B
| $25.8M | 0.14% |
98,324
-134,393
| -58% | -$37M |
|
167
Blackrock
BLK
$182B
| $25.8M | 0.14% |
65,685
+4,040
| +7% | +$1.65M |
|
168
AvalonBay Communities
AVB
$26.4B
| $25.7M | 0.14% |
147,670
+18,109
| +14% | +$3.27M |
|
169
LyondellBasell Industries
LYB
$20.2B
| $25.6M | 0.14% |
307,613
-205,963
| -40% | -$18.8M |
|
170
Dentsply Sirona
XRAY
$2.29B
| $25.5M | 0.14% |
685,671
+636,037
| +1,281% | +$23.1M |
|
|
INFO
171
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $25.2M | 0.14% |
525,082
+13,319
| +3% | +$681K |
|
172
Sprouts Farmers Market
SFM
$7.82B
| $25M | 0.14% |
1,065,171
+58,912
| +6% | +$1.53M |
|
173
Marvell Technology
MRVL
$204B
| $24.8M | 0.14% |
1,531,200
-987,035
| -39% | -$16.4M |
|
174
Illumina
ILMN
$28.9B
| $24.7M | 0.13% |
84,525
+27,424
| +48% | +$8.5M |
|
175
State Street Blackstone Senior Loan ETF
SRLN
$5.37B
| $24.6M | 0.13% |
549,600
+455,811
| +486% | +$21.2M |
|
Similar funds
PCH
N
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.