SO

State of Tennessee, Department of Treasury

Diversified strategyMomentum followerLong-term holder

Total reported value

$29.8B

Reporting period: 2026-03-31 · Number of holdings: 1721

State of Tennessee, Department of Treasury disclosed 1721 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $29.8B and a quarterly turnover rate of 14.1%.

Personality snowflake

Concentration
4.41
Portfolio Stability
14.07
Momentum/Contrarian
100
Sector conviction
45.23
Diversification
100
Sizing Uniformity
57.57

Recent moves

  • Add TSM

    +48.3%　$122.7M

  • Trim EWT

    -23.3%　-$171.3M

  • Trim INDA

    -19.1%　-$151.2M

  • Trim MSFT

    -0.4%　-$159.6M

  • Trim META

    +0.1%　-$107.9M

  • Trim GOOGL

    -0.0%　-$100.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1NVDANvidia CORPStock-Tech4.94%-0.20%+0.04%
2AAPLApple INCStock-Tech4.35%+0.10%-0.29%
3MSFTMicrosoft CORPStock-Tech3.21%-0.36%-0.39%
4EWYIshares Msci South Korea ETFETF-Other2.56%-0.11%-9.24%
5AMZNAmazon.com INCStock-Consumer Disc2.36%-0.18%+1.49%
6EWTIshares Msci Taiwan ETFETF-Other2.29%-0.44%-23.32%
7GOOGLAlphabet Inc-cl AStock-Comm Services1.91%-0.23%-0.02%
8VTIVanguard Total Stock Mkt ETFETF-Other1.77%—+3.62%
9AVGOBroadcom INCStock-Tech1.70%-0.03%+0.23%
10GOOGAlphabet Inc-cl CStock-Comm Services1.59%-0.19%+0.29%
11METAMeta Platforms Inc-class AStock-Comm Services1.45%-0.27%+0.13%
12INDAIshares Msci India ETFETF-Other1.39%-0.42%-19.08%
13TSMTaiwan Semiconductor-sp AdrStock-Tech1.21%+0.45%+48.30%
14TSLATesla INCStock-Consumer Disc1.20%-0.12%+0.10%
15PLDPrologis INCStock-Real Estate1.15%+0.16%+8.81%
16BRK-BBerkshire Hathaway Inc-cl BStock-Other1.01%—+0.85%
17JPMJpmorgan Chase & CoStock-Financials0.97%—-0.01%
18VEAVanguard Ftse Developed ETFETF-Other0.91%—-2.28%
19XOMExxon Mobil CORPStock-Energy0.83%+0.12%-7.75%
20LLYEli Lilly & CoStock-Healthcare0.83%-0.06%+0.41%
21VCITVanguard Int-term CorporateETF-Corp Bonds0.81%—+0.30%
22SRLNSs Blackstone Sr Loan ETFETF-Other0.80%-0.02%-5.54%
23VCLTVanguard Long-term CORP BondETF-Corp Bonds0.79%—+1.31%
24MBBIshares Mbs ETFETF-Other0.79%—-0.35%
25EWZIshares Msci Brazil ETFETF-Other0.77%-0.05%-14.37%
26JNJJohnson & JohnsonStock-Healthcare0.73%+0.13%+8.71%
27VNQVanguard Real Estate ETFETF-Other0.67%—-1.75%
28WMTWalmart INCStock-Consumer Staples0.63%—-0.14%
29EZAIshares Msci South Africa EtETF-Other0.63%-0.01%—
30VVisa Inc-class A SharesStock-Financials0.63%—+5.12%
31FLINFranklin Ftse India ETFETF-Other0.58%-0.04%—
32VOOVanguard S&p 500 ETFETF-Large Cap & Growth0.56%——
33COSTCostco Wholesale CORPStock-Consumer Staples0.50%—-0.12%
34MAMastercard INC - AStock-Financials0.48%—-0.88%
35NFLXNetflix INCStock-Comm Services0.48%+0.09%+0.76%
36ABBVAbbvie INCStock-Healthcare0.47%—+3.46%
37CVXChevron CORPStock-Energy0.46%+0.08%-0.87%
38MUMicron Technology INCStock-Tech0.44%-0.05%+6.78%
39RYRoyal Bank Of CanadaStock-Financials0.43%—-0.54%
40HDHome Depot INCStock-Consumer Disc0.40%—+3.78%
41CATCaterpillar INCStock-Industrials0.39%—-0.36%
42MRKMerck & Co. INC.Stock-Healthcare0.39%—+2.67%
43AMDAdvanced Micro DevicesStock-Tech0.39%-0.03%+0.74%
44BACBank Of America CORPStock-Financials0.38%—-0.10%
45PGProcter & Gamble Co/theStock-Consumer Staples0.37%——
46PLTRPalantir Technologies Inc-aStock-Tech0.36%—+0.46%
47CSCOCisco Systems INCStock-Tech0.36%—+0.95%
48AMATApplied Materials INCStock-Tech0.35%—+2.74%
49LINLinde plcStock-Materials0.35%-0.09%-29.06%
50SHOPShopify INC - Class AStock-Tech0.35%—+2.43%
1–50 of 1,721

Holding changes this quarter

State of Tennessee, Department of Treasury's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); New buy: Ishares 0-5 Yr Hy CORP Bond (SHYG); New buy: Invesco Senior Loan ETF (BKLN); Add: Taiwan Semiconductor-sp Adr (TSM) — shares +48.30%; Trim: Ishares Msci Taiwan ETF (EWT) — shares -23.32%.

Position changes disclosed by State of Tennessee, Department of Treasury for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1TSMTaiwan Semiconductor-sp Adr+0.5%+48.30%Add
2PLDPrologis INC+0.2%+8.81%Add
3JNJJohnson & Johnson+0.1%+8.71%Add
4XOMExxon Mobil CORP+0.1%-7.75%Trim
5JAAAJanus Henderson Aaa Clo ETF+0.1%+693.05%Add
6AAPLApple INC+0.1%-0.29%Trim
7CNQCanadian Natural Resources+0.1%+4.16%Add
8NFLXNetflix INC+0.1%+0.76%Add
9VRTVertiv Holdings Co-a+0.1%+160.55%Add
10JPSTJpmorgan Ultra-short Income+0.1%+236.84%Add
11CVXChevron CORP+0.1%-0.87%Trim
12GEVGE Vernova INC+0.1%+3.08%Add
13VEAVanguard Ftse Developed ETF—-2.28%Trim
14EZAIshares Msci South Africa Et0%—Unchanged
15SRLNSs Blackstone Sr Loan ETF0%-5.54%Trim
16AVGOBroadcom INC0%+0.23%Add
17AMDAdvanced Micro Devices0%+0.74%Add
18FLINFranklin Ftse India ETF0%—Unchanged
19SPGIS&p Global INC0%+0.08%Add
20WFCWells Fargo & Co0%-4.49%Trim
21BABoeing Co/the0%-7.41%Trim
22EIDOIshares Msci Indonesia ETF0%-17.79%Trim
23EWZIshares Msci Brazil ETF-0.1%-14.37%Trim
24MUMicron Technology INC-0.1%+6.78%Add
25ACNAccenture plc-0.1%-4.35%Trim
26ELVElevance Health INC-0.1%-49.83%Trim
27CRMSalesforce INC-0.1%-11.37%Trim
28LLYEli Lilly & Co-0.1%+0.41%Add
29SESea Ltd-adr-0.1%+3.92%Add
30IBMIntl Business Machines CORP-0.1%-1.32%Trim
31TSEMTower Semiconductor Ltd.-0.1%-82.88%Trim
32HYGIshr Ibx Usd Hiyld Cb Etf-ui-0.1%-25.43%Trim
33SPOTSpotify Technology S.A.-0.1%-39.09%Trim
34RACEFerrari N.V.-0.1%-55.82%Trim
35JNKSs Spdr Bb High Yield Bond-0.1%-99.81%Trim
36LINLinde plc-0.1%-29.06%Trim
37EWYIshares Msci South Korea ETF-0.1%-9.24%Trim
38TSLATesla INC-0.1%+0.10%Add
39FALNIshares Fallen Angels ETF-0.1%-60.23%Trim
40AMZNAmazon.com INC-0.2%+1.49%Add
41GOOGAlphabet Inc-cl C-0.2%+0.29%Add
42NVDANvidia CORP-0.2%+0.04%Add
43GOOGLAlphabet Inc-cl A-0.2%-0.02%Trim
44METAMeta Platforms Inc-class A-0.3%+0.13%Add
45MSFTMicrosoft CORP-0.4%-0.39%Trim
46INDAIshares Msci India ETF-0.4%-19.08%Trim
47EWTIshares Msci Taiwan ETF-0.4%-23.32%Trim
48AZNAstraZeneca PLC—NEWNew buy
49SHYGIshares 0-5 Yr Hy CORP Bond—NEWNew buy
50BKLNInvesco Senior Loan ETF—NEWNew buy

FAQ

What is State of Tennessee, Department of Treasury and what type of investor is it?
State of Tennessee, Department of Treasury is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $29.8B, spread across 1721 disclosed positions.
What are State of Tennessee, Department of Treasury's largest equity positions?
Based on the latest 13F filing, State of Tennessee, Department of Treasury's top holdings by market value are: 1. Nvidia CORP (NVDA) — $1.5B (4.9%) 2. Apple INC (AAPL) — $1.3B (4.3%) 3. Microsoft CORP (MSFT) — $955.8M (3.2%) 4. Ishares Msci South Korea ETF (EWY) — $762.6M (2.6%) 5. Amazon.com INC (AMZN) — $702.7M (2.4%)
What changes did State of Tennessee, Department of Treasury make in its most recent portfolio filing?
In the latest reported quarter, State of Tennessee, Department of Treasury made 48 notable position adjustments: 3 new positions were initiated, 20 existing holdings were added to, 25 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); New buy: Ishares 0-5 Yr Hy CORP Bond (SHYG); New buy: Invesco Senior Loan ETF (BKLN); Add: Taiwan Semiconductor-sp Adr (TSM) — shares +48.30%; Trim: Ishares Msci Taiwan ETF (EWT) — shares -23.32%
What sectors does State of Tennessee, Department of Treasury focus on?
State of Tennessee, Department of Treasury is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 30.2% • Financials: 13.5% • Industrials: 9.2% • Consumer Discretionary: 9.1% • Health Care: 8.9% • Communication Services: 8.8%