— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

State of Tennessee, Department of Treasury

Q3 2025 · Filed 2025-11-14
Market Value
$29.9B
+7.5%
Holdings
1,764
+15
New Purchases
73
Added To
599
Closed
64
Reduced
538
Top 10 Concentration
29.5%
Turnover
7.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FLIN 0.65% 0.00% +0.65% $194M
AAPL 4.40% 3.84% +0.56% $1.3B
NVDA 5.31% 4.85% +0.46% $1.6B
GOOGL 1.62% 1.26% +0.35% $484M
TSLA 1.45% 1.10% +0.34% $432M
GOOG 1.36% 1.08% +0.28% $407M
SHYG 0.23% 0.00% +0.23% $69M
AVGO 1.83% 1.64% +0.18% $545M
EWT 3.47% 3.31% +0.17% $1.0B
PLD 0.88% 0.75% +0.13% $264M
PLTR 0.44% 0.33% +0.11% $132M
ORCL 0.51% 0.41% +0.10% $154M
CVX 0.35% 0.28% +0.07% $105M
APP 0.06% 0.00% +0.06% $19M
EWY 1.94% 1.87% +0.06% $579M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INDA 2.05% 3.14% -1.09% $611M
HYG 0.62% 0.80% -0.18% $187M
META 1.86% 2.02% -0.17% $556M
JPST 0.07% 0.22% -0.15% $20M
AMZN 2.43% 2.57% -0.14% $727M
FPE 0.00% 0.12% -0.12% $0
NFLX 0.61% 0.73% -0.12% $182M
MSFT 4.50% 4.61% -0.11% $1.3B
FALN 0.24% 0.33% -0.10% $71M
LLY 0.68% 0.78% -0.10% $204M
TXN 0.18% 0.27% -0.09% $55M
HES 0.00% 0.08% -0.08% $0
VTI 1.73% 1.81% -0.08% $516M
PG 0.40% 0.48% -0.07% $120M
CRM 0.29% 0.36% -0.07% $86M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 60 $13.6B 45.7%
Large Cap 642 $11.5B 38.6%
Mid Cap 672 $4.0B 13.3%
Small Cap 363 $506M 1.7%
Micro Cap 27 $200M 0.7%

Portfolio Analytics

Avg Market Cap
$48.4B
Median Market Cap
$6.4B
Avg P/E
31.4
Median P/E
21.4
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
1,727
# ETFs / Funds
37

Top Holdings (1,764 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.31% 8,500,258 $1.6B $186.58 $238M -34,799 -0.4%
2 MSFT 4.50% 2,594,281 $1.3B $517.95 $62M +17,904 +0.7%
3 AAPL 4.40% 5,164,296 $1.3B $254.63 $247M -40,660 -0.8%
4 EWT 3.47% 16,310,393 $1.0B $63.62 $119M +304,237 +1.9%
5 AMZN 2.43% 3,309,279 $727M $219.57 $12M +52,730 +1.6%
6 INDA 2.05% 11,738,943 $611M $52.06 -$261M -3,927,424 -25.1%
7 EWY 1.94% 7,226,554 $579M $80.10 $58M -27,060 -0.4%
8 META 1.86% 756,599 $556M $734.38 -$7M -5,625 -0.7%
9 AVGO 1.83% 1,653,109 $545M $329.91 $89M -3,811 -0.2%
10 VTI 1.73% 1,572,449 $516M $328.17 $13M -82,122 -5.0%
11 GOOGL 1.62% 1,989,943 $484M $243.10 $132M -3,995 -0.2%
12 TSLA 1.45% 971,473 $432M $444.72 $125M +5,839 +0.6%
13 GOOG 1.36% 1,670,605 $407M $243.55 $107M -21,280 -1.3%
14 JPM 1.06% 1,004,872 $317M $315.43 $34M +30,000 +3.1%
15 BRK-B 1.05% 625,730 $315M $502.74 $10M -897 -0.1%
16 SRLN 0.92% 6,600,978 $274M $41.58 $6M +154,647 +2.4%
17 PLD 0.88% 2,303,023 $264M $114.52 $54M +308,690 +15.5%
18 VEA 0.87% 4,356,687 $261M $59.92 $12M -10,367 -0.2%
19 VCIT 0.77% 2,725,901 $229M $84.11 $10M +76,797 +2.9%
20 EWZ 0.76% 7,337,548 $227M $31.00 $14M -60,067 -0.8%
21 VCLT 0.75% 2,876,267 $223M $77.65 $9M +48,340 +1.7%
22 MBB 0.74% 2,338,900 $223M $95.15 $9M +69,461 +3.1%
23 VNQ 0.74% 2,401,823 $220M $91.42 $32M +290,638 +13.8%
24 V 0.70% 609,803 $208M $341.38 -$5M +10,276 +1.7%
25 LLY 0.68% 268,001 $204M $763.00 -$12M -10,198 -3.7%
26 FLIN 0.65% 5,213,024 $194M $37.29 +5,213,024 NEW
27 HYG 0.62% 2,298,563 $187M $81.19 -$36M -456,682 -16.6%
28 NFLX 0.61% 151,926 $182M $1,198.92 -$20M +1,335 +0.9%
29 XOM 0.61% 1,610,101 $182M $112.75 $9M +14,165 +0.9%
30 VOO 0.60% 293,171 $180M $612.38 $12M -979 -0.3%
31 EZA 0.59% 2,754,119 $177M $64.10 $29M
32 MA 0.54% 284,238 $162M $568.81 $2M +303 +0.1%
33 WMT 0.51% 1,491,303 $154M $103.06 $9M +10,601 +0.7%
34 ORCL 0.51% 546,166 $154M $281.24 $39M +23,505 +4.5%
35 LIN 0.51% 320,034 $152M $475.00 $422K -3,070 -0.9%
36 JNJ 0.50% 804,482 $149M $185.42 $22M -30,328 -3.6%
37 ABBV 0.47% 611,706 $142M $231.54 $20M -44,567 -6.8%
38 HD 0.47% 348,314 $141M $405.19 $14M +1,341 +0.4%
39 COST 0.47% 150,125 $139M $925.63 -$10M -336 -0.2%
40 PLTR 0.44% 721,792 $132M $182.42 $39M +39,252 +5.8%
41 RACE 0.42% 259,201 $125M $483.63 $2M +5,900 +2.3%
42 RY 0.40% 818,597 $121M $147.42 $12M -7,610 -0.9%
43 PG 0.40% 780,796 $120M $153.65 -$12M -49,700 -6.0%
44 BAC 0.40% 2,310,448 $119M $51.59 $10M
45 UNH 0.39% 341,483 $118M $345.30 $12M +748 +0.2%
46 GE 0.39% 388,572 $117M $300.82 $17M -846 -0.2%
47 SHOP 0.36% 719,403 $107M $148.60 $22M -22,485 -3.0%
48 CVX 0.35% 675,413 $105M $155.29 $28M +136,494 +25.3%
49 CSCO 0.34% 1,475,771 $101M $68.42 $5M +93,860 +6.8%
50 PM 0.33% 605,314 $98M $162.20 -$4M +42,344 +7.5%
51 WFC 0.33% 1,159,632 $97M $83.82 $5M +6,518 +0.6%
52 SE 0.32% 543,203 $97M $178.73 $10M
53 KO 0.32% 1,442,944 $96M $66.32 -$3M +47,854 +3.4%
54 IBM 0.32% 333,628 $94M $282.16 $1M +18,151 +5.8%
55 GS 0.30% 114,089 $91M $796.35 $9M -2,000 -1.7%
56 AMD 0.29% 534,825 $87M $161.79 $8M -21,691 -3.9%
57 CRM 0.29% 361,997 $86M $237.00 -$15M -5,996 -1.6%
58 SPGI 0.28% 173,123 $84M $486.71 -$7M
59 ABT 0.28% 614,838 $82M $133.94 -$2M -8,121 -1.3%
60 RTX 0.27% 488,741 $82M $167.33 $15M +28,857 +6.3%
61 UBER 0.27% 829,240 $81M $97.97 $13M +101,661 +14.0%
62 MRK 0.27% 951,314 $80M $83.93 $12M +98,354 +11.5%
63 CAT 0.27% 167,296 $80M $477.15 $16M +1,743 +1.1%
64 TD 0.27% 995,613 $80M $79.98 $6M -2,200 -0.2%
65 UBS 0.26% 1,931,380 $79M $40.86 $15M +24,552 +1.3%
66 MCD 0.26% 255,167 $78M $303.89 $5M +6,841 +2.8%
67 T 0.26% 2,736,081 $77M $28.24 $4M +192,167 +7.5%
68 DIS 0.24% 620,893 $71M $114.50 -$9M -24,644 -3.8%
69 FALN 0.24% 2,546,500 $71M $27.78 -$22M -882,300 -25.7%
70 MU 0.23% 415,375 $70M $167.32 $22M +31,363 +8.2%
71 MS 0.23% 435,369 $69M $158.96 $7M -7,000 -1.6%
72 SHYG 0.23% 1,597,400 $69M $43.30 +1,597,400 NEW
73 TMO 0.23% 141,398 $69M $485.02 $8M -7,458 -5.0%
74 CNI 0.23% 716,537 $68M $94.32 -$7M -1,600 -0.2%
75 C 0.22% 657,535 $67M $101.50 $11M
76 AXP 0.22% 198,778 $66M $332.16 $3M
77 NOW 0.22% 71,711 $66M $920.28 -$6M +1,527 +2.2%
78 BKNG 0.22% 12,211 $66M $5,399.27 -$4M +186 +1.6%
79 ENB 0.21% 1,252,347 $63M $50.46 $6M -2,400 -0.2%
80 SPOT 0.21% 89,465 $62M $698.00 -$14M -9,687 -9.8%
81 BA 0.21% 285,573 $62M $215.83 -$882K -12,794 -4.3%
82 VZ 0.21% 1,396,393 $61M $43.95 -$171K -25,889 -1.8%
83 INTU 0.20% 88,757 $61M $682.91 -$16M -8,892 -9.1%
84 PGR 0.20% 245,436 $61M $246.95 $6M +42,457 +20.9%
85 AVB 0.20% 312,984 $60M $193.17 $8M +53,862 +20.8%
86 EWM 0.20% 2,330,559 $60M $25.92 $147K -145,247 -5.9%
87 ISRG 0.20% 134,891 $60M $447.23 -$15M -3,036 -2.2%
88 SCHW 0.20% 630,886 $60M $95.47 $3M
89 GEV 0.20% 97,637 $60M $614.90 $8M +170 +0.2%
90 QCOM 0.20% 356,897 $59M $166.36 $897K -10,280 -2.8%
91 AEM 0.20% 350,196 $59M $168.48 $19M +17,100 +5.1%
92 AMAT 0.20% 287,529 $59M $204.74 $7M +2,543 +0.9%
93 CNQ 0.20% 1,839,812 $59M $31.98 $1M -3,600 -0.2%
94 EIDO 0.19% 3,311,022 $58M $17.55 $3M +192,860 +6.2%
95 KLAC 0.19% 53,358 $58M $1,078.60 $15M +5,972 +12.6%
96 ADBE 0.19% 162,721 $57M $352.75 -$6M -2,366 -1.4%
97 TJX 0.19% 393,497 $57M $144.54 $7M -7,538 -1.9%
98 BN 0.19% 825,726 $57M $68.63 $6M -1,500 -0.2%
99 PEP 0.19% 393,573 $55M $140.44 $221K -23,365 -5.6%
100 TXN 0.18% 298,143 $55M $183.73 -$21M -64,719 -17.8%

New Positions

SymbolValue% Port
FLIN $194M 0.65%
SHYG $69M 0.23%
APP $19M 0.06%
DDOG $14M 0.05%
SJNK $12M 0.04%
DB $11M 0.04%
HOOD $11M 0.04%
SQ $10M 0.03%
XLK $10M 0.03%
NTNX $8M 0.03%
TRU $7M 0.02%
TWLO $6M 0.02%
JAAA $5M 0.02%
TTD $5M 0.02%
PSKY $4M 0.01%

Sold Out Positions

SymbolValue% Port
EQBK —%
ALSN —%
HRTG —%
GDOT —%
PD —%
PHR —%
AGX —%
ZIM —%
ATKR —%
PUMP —%
ADT —%
MAN —%
RBRK —%
GPOR —%
GRC —%
View SEC EDGAR Filings for State of Tennessee, Department of Treasury →

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