Latest State of Tennessee, Treasury Department Stock Portfolio
State of Tennessee, Treasury Department Performance:
2025 Q3: 6.69%YTD: 11.92%2024: 14.87%
Performance for 2025 Q3 is 6.69%, and YTD is 11.92%, and 2024 is 14.87%.
About State of Tennessee, Treasury Department and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, State of Tennessee, Department of Treasury reported an equity portfolio of $30 Billions as of 30 Sep, 2025.
The top stock holdings of State of Tennessee, Department of Treasury are NVDA, MSFT, AAPL. The fund has invested 5.3% of it's portfolio in NVIDIA CORPORATION COM and 4.5% of portfolio in MICROSOFT CORP COM.
The fund managers got completely rid off FIRST TR EXCH TRADED FD III PFD SECS INC ETF (FPE), HESS CORP COM (HES) and RUBRIK INC CL A stocks. They significantly reduced their stock positions in EMCOR GROUP INC COM (EME), NEXXEN INTL LTD SHS NEW and CONSTELLATION BRANDS INC CL A (STZ). State of Tennessee, Department of Treasury opened new stock positions in FRANKLIN TEMPLETON ETF TR FRANKLIN INDIA (BUYZ), ISHARES TR 0-5YR HI YL CP (ACWF) and APPLOVIN CORP COM CL A (APP). The fund showed a lot of confidence in some stocks as they added substantially to MOVADO GROUP INC COM (MOV), TALEN ENERGY CORP COM and UNIVERSAL HLTH SVCS INC CL B (UHS).
The top stock holdings of State of Tennessee, Department of Treasury are NVDA, MSFT, AAPL. The fund has invested 5.3% of it's portfolio in NVIDIA CORPORATION COM and 4.5% of portfolio in MICROSOFT CORP COM.
The fund managers got completely rid off FIRST TR EXCH TRADED FD III PFD SECS INC ETF (FPE), HESS CORP COM (HES) and RUBRIK INC CL A stocks. They significantly reduced their stock positions in EMCOR GROUP INC COM (EME), NEXXEN INTL LTD SHS NEW and CONSTELLATION BRANDS INC CL A (STZ). State of Tennessee, Department of Treasury opened new stock positions in FRANKLIN TEMPLETON ETF TR FRANKLIN INDIA (BUYZ), ISHARES TR 0-5YR HI YL CP (ACWF) and APPLOVIN CORP COM CL A (APP). The fund showed a lot of confidence in some stocks as they added substantially to MOVADO GROUP INC COM (MOV), TALEN ENERGY CORP COM and UNIVERSAL HLTH SVCS INC CL B (UHS).
State of Tennessee, Treasury Department Annual Return Estimates Vs S&P 500
Our best estimate is that State of Tennessee, Department of Treasury made a return of 6.69% in the last quarter. In trailing 12 months, it's portfolio return was 11.08%.
New Buys
| Ticker | $ Bought |
|---|---|
| franklin templeton etf tr franklin india | 194,394,000 |
| ishares tr 0-5yr hi yl cp | 69,167,400 |
| applovin corp com cl a | 19,005,400 |
| datadog inc cl a com | 14,272,000 |
| spdr series trust bloomberg sht te | 12,180,500 |
| deutsche bank a g namen akt | 10,824,800 |
| robinhood mkts inc com cl a | 10,803,600 |
| block inc cl a | 10,107,000 |
New stocks bought by State of Tennessee, Treasury Department
Additions
| Ticker | % Inc. |
|---|---|
| talen energy corp com | 1,157 |
| revvity inc com | 749 |
| universal hlth svcs inc cl b | 600 |
| cooper cos inc com | 512 |
| lauder estee cos inc cl a | 385 |
| technipfmc plc com | 351 |
| solventum corp com shs | 315 |
| cellebrite di ltd ordinary shares | 287 |
Additions to existing portfolio by State of Tennessee, Treasury Department
Reductions
| Ticker | % Reduced |
|---|---|
| j p morgan exchange traded f ultra shrt etf | -66.99 |
| copart inc com | -62.6 |
| mettler toledo international com | -62.13 |
| air prods & chems inc com | -56.95 |
| kimberly-clark corp com | -50.81 |
| idexx labs inc com | -49.17 |
| interactive brokers group in com cl a | -49.05 |
| otis worldwide corp com | -47.06 |
State of Tennessee, Treasury Department reduced stake in above stock
Sold off
Sector Distribution
State of Tennessee, Department of Treasury has about 24.4% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 24.4 |
| Technology | 24.1 |
| Financial Services | 8.6 |
| Consumer Cyclical | 7.7 |
| Communication Services | 6.8 |
| Industrials | 6.5 |
| Healthcare | 6.2 |
| Utilities | 4.2 |
| Real Estate | 4 |
| Consumer Defensive | 3.5 |
| Energy | 2.4 |
| Basic Materials | 1.5 |
Market Cap. Distribution
State of Tennessee, Department of Treasury has about 67.9% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MEGA-CAP | 35.9 |
| LARGE-CAP | 32 |
| UNALLOCATED | 24.4 |
| MID-CAP | 4.7 |
| SMALL-CAP | 3 |
Stocks belong to which Index?
About 69.5% of the stocks held by State of Tennessee, Department of Treasury either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 64.5 |
| Others | 30.5 |
| RUSSELL 2000 | 5 |
State of Tennessee, Treasury Department Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of State of Tennessee, Treasury Department
State of Tennessee, Department of Treasury has 1727 stocks in it's portfolio. About 29.4% of the portfolio is in top 10 stocks. AMPS proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for State of Tennessee, Department of Treasury last quarter.
Last Reported on: 14 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAPL | apple inc com | 4.38 | 5,164,300 | 1,314,980,000 | reduced | -0.78 | ||
| AAXJ | ishares tr mbs etf | 0.74 | 2,338,900 | 222,546,000 | added | 3.06 | ||
| AAXJ | ishares tr iboxx hi yd etf | 0.62 | 2,298,560 | 186,620,000 | reduced | -16.58 | ||
| AAXJ | ishares tr eafe sml cp etf | 0.16 | 624,292 | 47,895,700 | reduced | -2.09 | ||
| ABBV | abbvie inc com | 0.47 | 611,706 | 141,634,000 | reduced | -6.79 | ||
| ABC | cencora inc com | 0.04 | 37,425 | 11,696,400 | reduced | -25.48 | ||
| ABNB | airbnb inc com cl a | 0.04 | 111,227 | 13,505,200 | reduced | -26.83 | ||
| ABT | abbott labs com | 0.27 | 614,838 | 82,351,400 | reduced | -1.3 | ||
| ACGL | arch cap group ltd ord | 0.03 | 111,072 | 10,077,600 | reduced | -14.91 | ||
| ACM | aecom com | 0.03 | 58,407 | 7,620,360 | reduced | -3.48 | ||
| ACN | accenture plc ireland shs class a | 0.17 | 203,410 | 50,160,900 | reduced | -2.2 | ||
| ACWF | ishares tr 0-5yr hi yl cp | 0.23 | 1,597,400 | 69,167,400 | new | |||
| ACWV | ishares inc msci sth kor etf | 1.93 | 7,226,550 | 578,847,000 | reduced | -0.37 | ||
| ACWV | ishares inc msci brazil etf | 0.76 | 7,337,550 | 227,464,000 | reduced | -0.81 | ||
| ACWV | ishares inc msci sth afr etf | 0.59 | 2,754,120 | 176,539,000 | unchanged | 0.00 | ||
| ACWV | ishares inc msci thailnd etf | 0.17 | 878,219 | 51,718,300 | reduced | -4.74 | ||
| ACWV | ishares inc msci cda etf | 0.09 | 533,791 | 26,983,100 | reduced | -3.59 | ||
| ACWV | ishares inc msci chile etf | 0.08 | 700,858 | 23,100,300 | added | 3.72 | ||
| ADBE | adobe inc com | 0.19 | 162,721 | 57,399,800 | reduced | -1.43 | ||
| ADI | analog devices inc com | 0.16 | 199,262 | 48,958,700 | unchanged | 0.00 | ||