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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
+12.23%
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
$25.5B
AUM Growth
+$751M
(+3%)
Cap. Flow
-$1.82B
Cap. Flow
% of AUM
-7.13%
Top 10 Holdings %
Top 10 Hldgs %
24.28%
Holding
1,726
New
127
Increased
533
Reduced
647
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$47.8M |
| 2 |
VanEck Fallen Angel High Yield Bond ETF
ANGL
|
+$41.5M |
| 3 |
lululemon athletica
LULU
|
+$27.9M |
| 4 |
Progressive
PGR
|
+$25.8M |
| 5 |
Verizon
VZ
|
+$18.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$496M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$230M |
| 3 |
Vanguard Long-Term Corporate Bond ETF
VCLT
|
+$228M |
| 4 |
iShares MBS ETF
MBB
|
+$216M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$183M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.77% |
| 2 | Financials | 10.74% |
| 3 | Healthcare | 9.11% |
| 4 | Consumer Discretionary | 8.86% |
| 5 | Industrials | 7.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.43T
| $1.16B | 4.56% |
6,037,219
-139,730
| -2% | -$25.8M |
|
2
Microsoft
MSFT
$3.71T
| $1.16B | 4.53% |
3,075,720
-9,081
| -0.3% | -$3.23M |
|
|
3
Vanguard Morningstar Total Stock Market ETF
VTI
$695B
| $603M | 2.36% |
2,543,323
-2,245,529
| -47% | -$496M |
|
4
Amazon
AMZN
$2.9T
| $581M | 2.28% |
3,821,845
-53,524
| -1% | -$7.5M |
|
5
iShares MSCI Taiwan ETF
EWT
$11.6B
| $541M | 2.12% |
11,754,259
-481,613
| -4% | -$22.3M |
|
6
iShares MSCI South Korea ETF
EWY
$27.5B
| $518M | 2.03% |
7,900,489
-284,488
| -3% | -$17.3M |
|
7
NVIDIA
NVDA
$5.48T
| $510M | 2% |
10,293,640
-170,630
| -2% | -$7.91M |
|
8
iShares MSCI India ETF
INDA
$6.6B
| $417M | 1.63% |
8,537,202
-405,016
| -5% | -$18.4M |
|
9
Alphabet (Google) Class C
GOOG
$4.21T
| $374M | 1.47% |
2,656,016
-157,593
| -6% | -$21.4M |
|
10
Meta Platforms (Facebook)
META
$1.5T
| $332M | 1.3% |
937,984
-41,594
| -4% | -$13.5M |
|
|
11
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.9B
| $285M | 1.12% |
3,507,283
-2,974,317
| -46% | -$230M |
|
12
Tesla
TSLA
$1.31T
| $280M | 1.1% |
1,128,102
+7,486
| +0.7% | +$1.78M |
|
|
13
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $280M | 1.1% |
5,851,175
-4,094,016
| -41% | -$183M |
|
|
14
iShares MBS ETF
MBB
$39.2B
| $277M | 1.09% |
2,944,478
-2,408,818
| -45% | -$216M |
|
|
15
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.81B
| $275M | 1.08% |
3,433,869
-3,098,531
| -47% | -$228M |
|
|
16
Alphabet (Google) Class A
GOOGL
$4.23T
| $265M | 1.04% |
1,893,530
-15,312
| -0.8% | -$2.06M |
|
17
iShares MSCI Brazil ETF
EWZ
$8.6B
| $264M | 1.04% |
7,561,178
-275,648
| -4% | -$8.93M |
|
18
Berkshire Hathaway Class B
BRK.B
$1.09T
| $263M | 1.03% |
736,474
-22,741
| -3% | -$7.98M |
|
19
Vanguard S&P 500 ETF
VOO
$1.04T
| $237M | 0.93% |
543,639
| – | – |
|
20
iShares S&P India Nifty 50 Index Fund
INDY
$563M
| $227M | 0.89% |
4,602,274
| – | – |
|
21
Prologis
PLD
$135B
| $219M | 0.86% |
1,645,959
-407,338
| -20% | -$46.2M |
|
22
JPMorgan Chase
JPM
$964B
| $217M | 0.85% |
1,277,963
-167,422
| -12% | -$25.4M |
|
23
Broadcom
AVGO
$2.02T
| $207M | 0.81% |
1,852,810
-44,550
| -2% | -$4.22M |
|
24
Vanguard Real Estate ETF
VNQ
$39B
| $205M | 0.8% |
2,322,946
-1,962,056
| -46% | -$155M |
|
25
UnitedHealth
UNH
$362B
| $198M | 0.77% |
375,440
-10,472
| -3% | -$5.59M |
|
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PCH
N
State of Tennessee, Department of Treasury's Q4 2023 Portfolio in Review
As of Q4 2023, State of Tennessee, Department of Treasury held 1,726 positions worth $25.5B, up 3% from $24.8B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
State of Tennessee, Department of Treasury withdrew a net $1.82B in Q4 2023, closing 69 positions and reducing 647 holdings. Its most notable exit was Invesco Senior Loan ETF, an estimated $69.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, State of Tennessee, Department of Treasury opened a new position in Uber worth $56.3M.
- State of Tennessee, Department of Treasury's largest Q4 2023 buy was Uber: 914,357 shares worth $56.3M.
- State of Tennessee, Department of Treasury added most to VanEck Fallen Angel High Yield Bond ETF in Q4 2023, an estimated $41.5M increase.
- State of Tennessee, Department of Treasury's biggest Q4 2023 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $496M.
- State of Tennessee, Department of Treasury fully exited Invesco Senior Loan ETF in Q4 2023, selling an estimated $69.5M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 24% of its $25.5B portfolio in Q4 2023.
- State of Tennessee, Department of Treasury opened 127 new positions and closed 69 in Q4 2023.
- State of Tennessee, Department of Treasury's portfolio value rose 3% quarter-over-quarter to $25.5B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2023, filed 14 Feb 2024.