TR
Teachers Retirement System Of THE State Of Kentucky SEC 13F Holdings (Q2 2026) — Top Position: NVIDIA CORP
Teachers Retirement System Of THE State Of KentuckyCIK: 0000714142
Diversified strategyMomentum follower
Total reported value
$14.7B
Reporting period: 2026-06-30 · Number of holdings: 3863
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY disclosed 3863 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $14.7B and a quarterly turnover rate of 23.4%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "T"
Personality snowflake
- Concentration
- 3.74
- Portfolio Stability
- 23.44
- Momentum
- 100
- Sector conviction
- 51.26
- Diversification
- 100
- Sizing Uniformity
- 61.63
Teachers Retirement System Of THE State Of Kentucky's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 107 equally-sized positions, well below its 3863 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.84), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
-11.2% $156.9M
Add AMD
-10.8% $111.1M
Add DELL
+6.3% $74.3M
Trim MSFT
-1.5% -$2.9M
Add KLAC
+850.8% $61.0M
Add GOOGL
+0.8% $89.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 3863 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 5.00% | +0.03% | -0.08% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 3.54% | -0.18% | -4.85% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.03% | +0.28% | +0.80% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 2.78% | -0.41% | -1.47% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.67% | -0.06% | -2.66% | |
| 6 | AVGO | Broadcom Inc | Stock-Tech | 2.27% | +0.23% | +3.80% | |
| 7 | MU | Micron Technology Inc | Stock-Tech | 1.59% | +0.99% | -11.20% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.40% | -0.26% | -2.09% | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.25% | +0.12% | +3.11% | |
| 10 | AMD | Advanced Micro Devices | Stock-Tech | 1.25% | +0.69% | -10.82% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.22% | +0.14% | -0.78% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.96% | — | +2.54% | |
| 13 | KLAC | Kla CORP | Stock-Tech | 0.85% | +0.35% | +850.77% | |
| 14 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.80% | -0.05% | -4.43% | |
| 15 | DELL | Dell Technologies -c | Stock-Tech | 0.79% | +0.47% | +6.29% | |
| 16 | CB | Chubb Limited | Stock-Financials | 0.69% | +0.03% | +15.41% | |
| 17 | V | Visa Inc-class A Shares | Stock-Financials | 0.67% | — | +0.28% | |
| 18 | QCOM | Qualcomm Inc | Stock-Tech | 0.60% | +0.08% | -7.28% | |
| 19 | CSCO | Cisco Systems Inc | Stock-Tech | 0.59% | +0.05% | -16.96% | |
| 20 | TEVA | Teva Pharmaceutical-sp Adr | Stock-Healthcare | 0.57% | — | +1.47% | |
| 21 | AMAT | Applied Materials Inc | Stock-Tech | 0.56% | +0.24% | -6.42% | |
| 22 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 0.56% | +0.10% | -2.65% | |
| 23 | ABBV | Abbvie Inc | Stock-Healthcare | 0.55% | +0.06% | +9.71% | |
| 24 | PH | Parker Hannifin CORP | Stock-Industrials | 0.52% | — | +4.76% | |
| 25 | MA | Mastercard Inc - A | Stock-Financials | 0.51% | +0.03% | +17.24% | |
| 26 | MS | Morgan Stanley | Stock-Financials | 0.49% | +0.06% | +2.09% | |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.49% | -0.04% | — | |
| 28 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.47% | +0.13% | +10.88% | |
| 29 | URI | United Rentals Inc | Stock-Industrials | 0.45% | +0.13% | +2.28% | |
| 30 | CMI | Cummins Inc | Stock-Industrials | 0.45% | +0.02% | -9.29% | |
| 31 | BAC | Bank Of America CORP | Stock-Financials | 0.44% | +0.02% | +1.54% | |
| 32 | WMT | Walmart Inc | Stock-Consumer Staples | 0.43% | -0.11% | +0.59% | |
| 33 | PM | Philip Morris International | Stock-Consumer Staples | 0.42% | -0.01% | +1.67% | |
| 34 | NFLX | Netflix Inc | Stock-Comm Services | 0.41% | -0.14% | +13.07% | |
| 35 | SAN | Banco Santander Sa-spon Adr | Stock-Financials | 0.40% | +0.03% | +0.35% | |
| 36 | HCA | Hca Healthcare Inc | Stock-Healthcare | 0.40% | -0.15% | -0.15% | |
| 37 | TTE | TotalEnergies SE | Stock-Other | 0.38% | -0.14% | -0.78% | |
| 38 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.38% | -0.28% | -28.28% | |
| 39 | ING | Ing Groep N.v.-sponsored Adr | Stock-Financials | 0.38% | +0.02% | +0.44% | |
| 40 | JBL | Jabil Inc | Stock-Tech | 0.37% | +0.05% | -9.04% | |
| 41 | WFC | Wells Fargo & Co | Stock-Financials | 0.37% | -0.04% | +0.24% | |
| 42 | SHEL | Shell Plc-adr | Stock-Energy | 0.36% | -0.12% | +1.60% | |
| 43 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.36% | -0.04% | +1.51% | |
| 44 | VALE | Vale Sa-sp Adr | Stock-Materials | 0.36% | -0.06% | +1.38% | |
| 45 | FITB | Fifth Third Bancorp | Stock-Financials | 0.35% | +0.07% | +19.88% | |
| 46 | INTC | Intel CORP | Stock-Tech | 0.35% | +0.23% | +3.91% | |
| 47 | MDT | Medtronic plc | Stock-Healthcare | 0.35% | -0.12% | -6.01% | |
| 48 | CFG | Citizens Financial Group | Stock-Financials | 0.35% | +0.05% | +10.85% | |
| 49 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.35% | +0.09% | — | |
| 50 | MUFG | Mitsubishi Ufj Finl-spon Adr | Stock-Financials | 0.34% | +0.01% | — |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.3%
Performance Last 4 Quarters
+20.4%
- Stdev
- +13.2%
- Beta
- +1
- Alpha
- -1.4%
- Max Drawdown
- -9.4%
- Annualized Perf
- +19.2%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.82
- Stutzer
- +0.41
- Treynor
- +0.19
- Sterling
- +1.17
- Calmar
- +2.05
- Information Ratio
- -0.51
- Tracking Error
- +2.8%
- Stdev Down
- +6.6%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +33.4%
- Worst 12 Months
- +3.4%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.41
- Stdev Sectors
- +8.5%
- Skewness
- 0
- Kurtosis
- -0.38
- Upside Potential
- +4.43
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 3863 | $14.7B | 23 | ||
| 2026 Q1 | 3768 | $12.9B | 22 | ||
| 2025 Q4 | 3749 | $13.3B | 17 | ||
| 2025 Q3 | 3699 | $13.2B | 32 | ||
| 2025 Q2 | 3696 | $12.3B | 0 | ||
| 2025 Q1 | 3723 | $11.1B | 100 | ||
| 2024 Q4 | 3710 | $11.4B | 0 | ||
| 2024 Q3 | 3662 | $11.5B | 0 | ||
| 2024 Q2 | 3677 | $11.1B | 0 | ||
| 2024 Q1 | 3675 | $11.2B | 0 | ||
| 2023 Q4 | 3659 | $10.7B | 0 | ||
| 2023 Q3 | 3690 | $9.9B | 0 | ||
| 2023 Q2 | 3785 | $10.3B | 0 | ||
| 2023 Q1 | 3804 | $10.0B | 0 | ||
| 2022 Q4 | 3800 | $9.5B | 0 | ||
| 2022 Q3 | 3777 | $8.5B | 0 | ||
| 2022 Q1 | 2317 | $10.3B | 0 | ||
| 2021 Q4 | 2363 | $11.2B | 0 | ||
| 2021 Q3 | 2334 | $10.7B | 0 | ||
| 2021 Q2 | 2337 | $10.9B | 100 | ||
| 2021 Q1 | 2332 | $10.1B | 20 | ||
| 2020 Q4 | 2328 | $10.0B | 22 | ||
| 2020 Q3 | 2334 | $8.8B | 21 | ||
| 2020 Q2 | 2359 | $8.4B | 28 | ||
| 2020 Q1 | 2331 | $7.1B | 41 | ||
| 2019 Q4 | 2200 | $9.1B | 23 | ||
| 2019 Q3 | 2196 | $8.3B | 20 | ||
| 2019 Q2 | 2195 | $8.2B | 20 | ||
| 2019 Q1 | 2197 | $8.1B | 25 | ||
| 2018 Q4 | 2200 | $7.3B | 26 | ||
| 2018 Q3 | 2213 | $8.4B | 18 | ||
| 2018 Q2 | 2227 | $8.5B | 20 | ||
| 2018 Q1 | 2231 | $8.3B | 23 | ||
| 2017 Q4 | 2208 | $8.5B | 20 | ||
| 2017 Q3 | 2210 | $8.3B | 21 | ||
| 2017 Q2 | 2207 | $8.0B | 21 | ||
| 2017 Q1 | 2208 | $8.0B | 23 | ||
| 2016 Q4 | 2211 | $7.9B | 24 | ||
| 2016 Q3 | 2211 | $7.9B | 24 | ||
| 2016 Q2 | 2198 | $7.6B | 22 | ||
| 2016 Q1 | 2191 | $7.7B | 36 | ||
| 2015 Q4 | 2184 | $7.6B | 0 | ||
| 2015 Q3 | 2184 | $7.6B | 23 | ||
| 2015 Q2 | 2204 | $8.4B | 25 | ||
| 2015 Q1 | 2179 | $8.7B | 21 | ||
| 2014 Q4 | 2181 | $8.8B | 23 | ||
| 2014 Q3 | 2181 | $8.4B | 20 | ||
| 2014 Q2 | 2175 | $8.6B | 19 | ||
| 2014 Q1 | 2139 | $8.5B | 19 | ||
| 2013 Q4 | 2133 | $8.6B | 45 | ||
| 2013 Q3 | 2178 | $11.0B | 19 | 1BGIFRD2UNIT003UNIT00 | |
| 2013 Q2 | 2227 | $10.6B | — | 1BGIFRD2UNIT003UNIT00 |
Holding changes this quarter
Teachers Retirement System Of THE State Of Kentucky's most significant position changes for 2026-06-30: New buy: Marvell Technology Inc (MRVL); New buy: ; Sold out: Honeywell International Inc (HON); New buy: Carnival CORP LTD F; Sold out: Sk Telecom Co Ltd-spon Adr (SKM).
Showing top 200 changes by size (of 1736 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +1% | -11.20% | Trim |
| 2 | AMD | Advanced Micro Devices | +0.7% | -10.82% | Trim |
| 3 | DELL | Dell Technologies -c | +0.5% | +6.29% | Add |
| 4 | KLAC | Kla CORP | +0.4% | +850.77% | Add |
| 5 | GOOGL | Alphabet Inc-cl A | +0.3% | +0.80% | Add |
| 6 | AMAT | Applied Materials Inc | +0.2% | -6.42% | Trim |
| 7 | AVGO | Broadcom Inc | +0.2% | +3.80% | Add |
| 8 | INTC | Intel CORP | +0.2% | +3.91% | Add |
| 9 | SNDK | Sandisk CORP | +0.2% | +38.97% | Add |
| 10 | FICO | Fair Isaac CORP | +0.2% | +1127.20% | Add |
| 11 | VLO | Valero Energy CORP | +0.2% | +374.88% | Add |
| 12 | ADM | Archer-daniels-midland Co | +0.2% | +794.28% | Add |
| 13 | LLY | Eli Lilly & Co | +0.1% | -0.78% | Trim |
| 14 | MRVL | Marvell Technology Inc | +0.1% | NEW | New buy |
| 15 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +10.88% | Add |
| 16 | URI | United Rentals Inc | +0.1% | +2.28% | Add |
| 17 | LRCX | Lam Research CORP | +0.1% | — | Unchanged |
| 18 | TXN | Texas Instruments Inc | +0.1% | +64.27% | Add |
| 19 | GOOG | Alphabet Inc-cl C | +0.1% | +3.11% | Add |
| 20 | NXPI | NXP Semiconductors N.V. | +0.1% | -2.65% | Trim |
| 21 | GEN | Gen Digital Inc | +0.1% | +41.12% | Add |
| 22 | APH | Amphenol Corp-cl A | +0.1% | +27.49% | Add |
| 23 | STX | Seagate Technology Holdings plc | +0.1% | +36.78% | Add |
| 24 | UNH | Unitedhealth Group Inc | +0.1% | — | Unchanged |
| 25 | SNX | TD Synnex CORP | +0.1% | +10.49% | Add |
| 26 | QCOM | Qualcomm Inc | +0.1% | -7.28% | Trim |
| 27 | GLW | Corning Inc | +0.1% | -1.11% | Trim |
| 28 | ✓ | +0.1% | NEW | New buy | |
| 29 | FITB | Fifth Third Bancorp | +0.1% | +19.88% | Add |
| 30 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -8.23% | Trim |
| 31 | CAT | Caterpillar Inc | +0.1% | -1.01% | Trim |
| 32 | AFL | Aflac Inc | +0.1% | +226.07% | Add |
| 33 | HOOD | Robinhood Markets Inc - A | +0.1% | +141.67% | Add |
| 34 | ABBV | Abbvie Inc | +0.1% | +9.71% | Add |
| 35 | MS | Morgan Stanley | +0.1% | +2.09% | Add |
| 36 | BWA | Borgwarner Inc | +0.1% | +16.30% | Add |
| 37 | PANW | Palo Alto Networks Inc | +0.1% | +0.77% | Add |
| 38 | WDC | Western Digital CORP | +0.1% | — | Unchanged |
| 39 | ROP | Roper Technologies Inc | +0.1% | +334.87% | Add |
| 40 | POST | Post Holdings Inc | +0.1% | +542.89% | Add |
| 41 | CSCO | Cisco Systems Inc | +0.1% | -16.96% | Trim |
| 42 | JBL | Jabil Inc | +0.1% | -9.04% | Trim |
| 43 | GE | General Electric | +0.1% | +2.64% | Add |
| 44 | CFG | Citizens Financial Group | +0.1% | +10.85% | Add |
| 45 | BSX | Boston Scientific CORP | +0.1% | +239.65% | Add |
| 46 | ✓ | Carnival CORP LTD F | +0.1% | NEW | New buy |
| 47 | TPR | Tapestry Inc | 0% | +25.60% | Add |
| 48 | NTAP | Netapp Inc | 0% | -9.18% | Trim |
| 49 | JNJ | Johnson & Johnson | 0% | +91.59% | Add |
| 50 | SGI | Somnigroup International Inc | 0% | +134.57% | Add |
1–50 of 200
Filing History
FAQ
What is Teachers Retirement System Of THE State Of Kentucky and what type of investor is it?
Teachers Retirement System Of THE State Of Kentucky is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $14.7B, spread across 3863 disclosed positions.
What are Teachers Retirement System Of THE State Of Kentucky's largest equity positions?
Based on the latest 13F filing, Teachers Retirement System Of THE State Of Kentucky's top holdings by market value are:
1. Nvidia CORP (NVDA) — $734.0M (5.0%)
2. Apple Inc (AAPL) — $520.3M (3.5%)
3. Alphabet Inc-cl A (GOOGL) — $444.4M (3.0%)
4. Microsoft CORP (MSFT) — $407.7M (2.8%)
5. Amazon.com Inc (AMZN) — $392.7M (2.7%)
What changes did Teachers Retirement System Of THE State Of Kentucky make in its most recent portfolio filing?
In the latest reported quarter, Teachers Retirement System Of THE State Of Kentucky made 168 notable position adjustments: 10 new positions were initiated, 79 existing holdings were added to, 71 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Marvell Technology Inc (MRVL); New buy: ; Sold out: Honeywell International Inc (HON); New buy: Carnival CORP LTD F; Sold out: Sk Telecom Co Ltd-spon Adr (SKM)
What sectors does Teachers Retirement System Of THE State Of Kentucky focus on?
Teachers Retirement System Of THE State Of Kentucky is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 32.5%
• Financials: 15.1%
• Consumer Discretionary: 11.1%
• Health Care: 10.0%
• Industrials: 9.6%
• Communication Services: 7.9%
Investment Profile
Teachers Retirement System Of THE State Of Kentucky returned an annualized 19.2% over the trailing 36 months — underperforming the S&P 500 by 1.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.00 (roughly in line with the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 32.5% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 23 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$195.4M, now $234.1M), while trimming MSFT over the same stretch (-$127.6M, still holding $407.7M).
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FA
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JC
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