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TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY

479 VARSAILLES ROAD, FRANKFORT, KY 40601 • 5025732057

Q2 2025 · Filed 2025-08-07
Market Value
$12.2B
+11.4%
Holdings
1,665
-5
New Purchases
24
Added To
520
Closed
26
Reduced
468
Top 10 Concentration
25.1%
Turnover
3.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 4.64% 3.60% +1.05% $568M
MSFT 4.49% 3.72% +0.78% $550M
AVGO 2.08% 1.42% +0.66% $255M
META 2.47% 2.16% +0.31% $302M
T 0.51% 0.21% +0.30% $63M
GILD 0.58% 0.29% +0.30% $72M
UAL 0.27% 0.02% +0.25% $32M
NTAP 0.26% 0.01% +0.25% $32M
MGM 0.24% 0.00% +0.24% $30M
NFLX 1.15% 0.93% +0.22% $141M
JBL 0.63% 0.42% +0.21% $78M
ADBE 0.46% 0.26% +0.19% $56M
PLTR 0.18% 0.00% +0.18% $22M
BKNG 0.63% 0.45% +0.18% $77M
MDT 0.25% 0.08% +0.17% $31M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 3.34% 3.92% -0.58% $409M
UNH 0.29% 0.81% -0.52% $36M
PGR 0.49% 0.86% -0.37% $60M
AZO 0.38% 0.71% -0.33% $46M
RTX 0.21% 0.48% -0.27% $25M
TRGP 0.02% 0.28% -0.26% $3M
AOS 0.01% 0.23% -0.22% $612K
SLB 0.07% 0.29% -0.22% $9M
CFG 0.20% 0.42% -0.22% $25M
FI 0.44% 0.62% -0.19% $54M
HD 0.41% 0.58% -0.18% $50M
AMT 0.07% 0.21% -0.14% $8M
OKE 0.39% 0.53% -0.14% $48M
DELL 0.29% 0.41% -0.12% $35M
MRK 0.13% 0.25% -0.12% $16M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 27.3%
Financial Services 15.5%
Healthcare 11.6%
Consumer Cyclical 11.0%
Industrials 9.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 62 $5.2B 42.5%
Large Cap 637 $5.7B 46.5%
Mid Cap 654 $1.2B 9.8%
Small Cap 297 $142M 1.2%
Micro Cap 15 $2M 0.0%

Portfolio Analytics

Avg Market Cap
$51.6B
Median Market Cap
$7.0B
Avg P/E
31.9
Median P/E
21.5
Avg Dividend Yield
0.02%
Avg Beta
1.04
# Stocks
1,659
# ETFs / Funds
6

Top Holdings (1,665 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 4.64% 3,596,131 $568M $157.99 $173M -47,170 -1.3%
2 MSFT 4.49% 1,105,185 $550M $497.41 $142M +18,056 +1.7%
3 AAPL 3.34% 1,991,461 $409M $205.17 -$22M +52,338 +2.7%
4 AMZN 3.05% 1,701,425 $373M $219.39 $46M -20,386 -1.2%
5 META 2.47% 409,816 $302M $738.09 $65M -2,600 -0.6%
6 AVGO 2.08% 923,804 $255M $275.65 $98M -10,315 -1.1%
7 GOOGL 1.81% 1,254,186 $221M $176.23 $27M -2,310 -0.2%
8 NFLX 1.15% 105,204 $141M $1,339.12 $38M -4,609 -4.2%
9 JPM 1.08% 457,341 $133M $289.91 $20M -2,829 -0.6%
10 LLY 1.02% 159,570 $124M $779.53 $12M +23,545 +17.3%
11 GOOG 0.83% 570,671 $101M $177.39 $8M -25,722 -4.3%
12 V 0.80% 276,188 $98M $355.05 $3M +3,706 +1.4%
13 TSLA 0.77% 296,809 $94M $317.66 $15M -8,066 -2.6%
14 JBL 0.63% 355,904 $78M $218.10 $31M +15,570 +4.6%
15 BKNG 0.63% 13,216 $77M $5,789.19 $27M +2,487 +23.2%
16 WFC 0.61% 924,979 $74M $80.12 $2M -73,855 -7.4%
17 QCOM 0.60% 461,233 $73M $159.26 $4M +7,321 +1.6%
18 ORCL 0.59% 331,836 $73M $218.63 $22M -28,923 -8.0%
19 MA 0.59% 127,946 $72M $561.94 $3M +1,489 +1.2%
20 GILD 0.58% 645,247 $72M $110.87 $40M +364,014 +129.4%
21 BRK-B 0.57% 143,766 $70M $485.77 -$6M +2,151 +1.5%
22 BAC 0.54% 1,402,231 $66M $47.32 $8M +4,384 +0.3%
23 PH 0.54% 94,132 $66M $698.48 $9M +76 +0.1%
24 CB 0.53% 223,458 $65M $289.72 -$338K +7,961 +3.7%
25 APO 0.53% 453,247 $64M $141.87 $7M +32,857 +7.8%
26 T 0.51% 2,162,200 $63M $28.94 $40M +1,350,776 +166.5%
27 WMT 0.49% 613,706 $60M $97.78 $8M +25,994 +4.4%
28 PGR 0.49% 223,395 $60M $266.85 -$35M -109,385 -32.9%
29 KR 0.47% 795,579 $57M $71.73 $18M +213,226 +36.6%
30 ADBE 0.46% 145,247 $56M $386.88 $27M +69,417 +91.5%
31 AXP 0.44% 168,937 $54M $318.98 $5M -13,449 -7.4%
32 SHEL 0.44% 762,190 $54M $70.41 -$2M
33 FI 0.44% 310,468 $54M $172.41 -$15M +27 +0.0%
34 TMUS 0.43% 223,129 $53M $238.26 $21M +102,391 +84.8%
35 NOW 0.43% 51,054 $52M $1,028.09 $11M -871 -1.7%
36 ABBV 0.42% 278,591 $52M $185.62 -$6M +1,931 +0.7%
37 PM 0.42% 280,113 $51M $182.13 $7M +1,811 +0.7%
38 XOM 0.41% 463,435 $50M $107.80 -$5M +4,751 +1.0%
39 HD 0.41% 135,558 $50M $366.64 -$14M -38,923 -22.3%
40 URI 0.40% 64,707 $49M $753.40 $7M -1,427 -2.2%
41 IBM 0.40% 164,726 $49M $294.78 -$2M -38,998 -19.1%
42 MS 0.39% 341,029 $48M $140.86 $8M +1,484 +0.4%
43 OKE 0.39% 585,337 $48M $81.63 -$10M +547 +0.1%
44 KLAC 0.39% 52,662 $47M $895.75 $11M -328 -0.6%
45 CRM 0.38% 172,619 $47M $272.69 $2M +5,812 +3.5%
46 TTE 0.38% 760,380 $47M $61.39 -$2M +3,830 +0.5%
47 AZO 0.38% 12,490 $46M $3,712.25 -$31M -7,923 -38.8%
48 COST 0.38% 46,745 $46M $989.95 -$5M -7,781 -14.3%
49 RCL 0.37% 142,722 $45M $313.14 $18M +11,077 +8.4%
50 NET 0.36% 227,816 $45M $195.83 $17M -17,465 -7.1%
51 MAS 0.36% 692,967 $45M $64.36 -$3M +9,005 +1.3%
52 NRG 0.36% 274,993 $44M $160.58 $18M -532 -0.2%
53 ABT 0.34% 309,807 $42M $136.01 $906K -1,009 -0.3%
54 TEVA 0.34% 2,505,000 $42M $16.76 $13M +610,900 +32.2%
55 PG 0.34% 258,721 $41M $159.32 -$5M -13,411 -4.9%
56 DASH 0.34% 167,192 $41M $246.51 $12M +8,192 +5.2%
57 NXPI 0.32% 181,970 $40M $218.50 $5M +300 +0.2%
58 BCS 0.32% 2,109,340 $39M $18.59 $6M -23,680 -1.1%
59 RIO 0.32% 671,370 $39M $58.33 -$1M
60 COF 0.32% 184,021 $39M $212.76 $10M +20,533 +12.6%
61 GS 0.32% 55,304 $39M $707.74 $16M +13,042 +30.9%
62 SAN 0.32% 4,666,160 $39M $8.30 $2M -763,100 -14.1%
63 ING 0.32% 1,768,250 $39M $21.87 $4M -12,380 -0.7%
64 MO 0.31% 657,035 $39M $58.63 -$791K +2,028 +0.3%
65 AER 0.31% 322,270 $38M $117.00 $5M
66 AMP 0.31% 70,151 $37M $533.73 $4M +173 +0.2%
67 HCA 0.30% 96,035 $37M $383.11 $4M +139 +0.1%
68 UNH 0.29% 113,960 $36M $311.97 -$53M -55,902 -32.9%
69 DELL 0.29% 288,230 $35M $122.60 -$10M -210,164 -42.2%
70 AMGN 0.29% 126,248 $35M $279.20 -$4M +631 +0.5%
71 SPY 0.29% 56,594 $35M $617.84 $3M
72 MCK 0.28% 47,329 $35M $732.79 $3M +207 +0.4%
73 MUFG 0.28% 2,509,710 $34M $13.72 $226K
74 SYF 0.28% 508,734 $34M $66.74 $12M +98,155 +23.9%
75 TPR 0.28% 386,399 $34M $87.81 $7M
76 VZ 0.28% 784,086 $34M $43.27 -$334K +28,756 +3.8%
77 CMI 0.28% 103,255 $34M $327.51 $2M +164 +0.2%
78 GE 0.27% 127,966 $33M $257.39 $16M +44,440 +53.2%
79 UBER 0.27% 351,558 $33M $93.30 $2M -75,061 -17.6%
80 STT 0.27% 306,665 $33M $106.34 $7M +23,931 +8.5%
81 UAL 0.27% 407,493 $32M $79.63 $31M +382,122 +1506.1%
82 AMD 0.26% 225,177 $32M $141.90 $9M +1,914 +0.9%
83 NTAP 0.26% 298,113 $32M $106.55 $30M +282,312 +1786.7%
84 RL 0.26% 114,795 $31M $274.29 $7M +4,390 +4.0%
85 DIS 0.26% 252,343 $31M $124.01 $7M +2,031 +0.8%
86 TXN 0.25% 149,945 $31M $207.62 $12M +43,399 +40.7%
87 AMAT 0.25% 169,671 $31M $183.07 $7M +3,801 +2.3%
88 SHOP 0.25% 268,754 $31M $115.35 -$1M -70,576 -20.8%
89 FITB 0.25% 753,552 $31M $41.13 $1M +789 +0.1%
90 MDT 0.25% 355,359 $31M $87.17 $22M +256,378 +259.0%
91 NVS 0.25% 253,850 $31M $121.01 $3M +7,600 +3.1%
92 VRTX 0.25% 68,180 $30M $445.20 -$187K +5,185 +8.2%
93 GM 0.25% 612,834 $30M $49.21 $3M +45,420 +8.0%
94 BTI 0.24% 631,230 $30M $47.33 $7M +76,200 +13.7%
95 MGM 0.24% 868,684 $30M $34.39 $29M +851,389 +4922.8%
96 CRH.L 0.24% 325,240 $30M $91.80 -$4M -55,600 -14.6%
97 EMR 0.24% 219,988 $29M $133.33 $7M +11,983 +5.8%
98 INTU 0.24% 36,935 $29M $787.63 $7M +1,751 +5.0%
99 INCY 0.24% 424,540 $29M $68.10 $6M +43,909 +11.5%
100 JNJ 0.24% 189,024 $29M $152.75 -$2M +3,047 +1.6%

New Positions

SymbolValue% Port
PLTR $22M 0.18%
BX $9M 0.07%
COIN $6M 0.05%
OKTA $5M 0.04%
ERJ $5M 0.04%
MRVL $5M 0.04%
APP $5M 0.04%
FSNUY $4M 0.03%
APG $3M 0.03%
STRL $2M 0.02%
UTI $1M 0.01%
VERX $1M 0.01%
WGS $1M 0.01%
CRCL $1M 0.01%
PWP $1M 0.01%

Sold Out Positions

SymbolValue% Port
WNC —%
GDOT —%
BE —%
TGLS —%
HBM —%
NBR —%
CCRN —%
HAIN —%
ROKU —%
ZS —%
INSM —%
GPRE —%
SPT —%
SVC —%
RRTS —%
View SEC EDGAR Filings for TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms