State of Tennessee, Department of Treasury

CIK

1587973

Location

NASHVILLE, TN

Portfolio Value

Large $24,086,397,725

Diversification

Diversified

Filing Date

Global Rank

#247 / 8,622 ▼ 3 · as of Mar 2026

Top Industry

Semiconductors 12.1%

3Y Alpha vs SPY

-0.9%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+64.4%

SPY

+67.9%

Annualised alpha

-0.8%

Max drawdown

−18.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

1,678 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.1%

−0.3 pts

Top 5

20.7%

−2.0 pts

Top 10

29.0%

−2.4 pts

HHI

130

Diversified−19

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	30.6%	$7,361,552,933	251
Financial Services	13.7%	$3,301,021,543	255
Consumer Cyclical	9.4%	$2,267,351,026	216
Industrials	9.4%	$2,263,708,607	261
Healthcare	9.0%	$2,173,025,189	182
Communication Services	6.9%	$1,656,466,389	66
Real Estate	5.9%	$1,417,636,672	124
Energy	5.2%	$1,254,244,908	90
Consumer Defensive	4.6%	$1,100,188,567	85
Basic Materials	2.9%	$709,675,819	85
Utilities	2.4%	$573,462,135	62
Unclassified	0.0%	$8,063,937	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PCG	PG&E Corp	+385,678	966,363	$16,978,997
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+347,252	1,066,212	$360,326,345
ALC	Alcon Inc	+224,224	703,352	$52,997,573
PLD	Prologis, Inc.	+209,073	2,583,012	$341,422,526
HRL	Hormel Foods Corp /De/	+166,177	196,847	$4,458,584
VNO	Vornado Realty Trust	+159,990	854,747	$22,214,874
KIM	Kimco Realty Corp	+146,550	1,134,347	$25,488,777
EQR	Equity Residential	+135,939	1,194,152	$70,634,090
CVS	CVS HEALTH Corp	+133,820	598,788	$43,004,954
TEVA	Teva Pharmaceutical Industries Ltd	+127,896	1,021,086	$30,755,110
CUZ	Cousins Properties Inc	+125,362	664,028	$14,987,111
UDR	UDR, Inc.	+123,573	1,186,001	$40,063,113
BSX	Boston Scientific Corp	+120,009	595,945	$37,395,548
BXP	BXP, Inc.	+105,111	696,202	$36,132,883
UBS	UBS Group AG	+95,684	1,936,941	$75,676,284
MTCH	Match Group, Inc.	+92,780	123,146	$3,781,813
KVUE	Kenvue Inc.	+91,077	303,655	$5,235,012
KRC	Kilroy Realty Corp	+88,779	482,577	$13,613,497
MDT	Medtronic plc	+88,324	534,109	$46,280,544
SYY	Sysco Corp	+86,258	222,792	$15,891,753
CAG	Conagra Brands Inc.	+86,114	138,333	$2,174,594
CDP	Copt Defense Properties	+85,198	456,070	$13,955,742
VRT	Vertiv Holdings Co	+84,102	136,487	$34,200,912
OXY	Occidental Petroleum Corp /De/	+80,104	183,398	$11,920,870
FTNT	Fortinet, Inc.	+73,677	216,269	$17,673,502
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VTRS	Viatris Inc	−930,051	234,477	$3,167,784
NOK	Nokia Corp	−907,050	1,964,140	$15,791,685
IVZ	Invesco Ltd.	−247,164	200,170	$4,862,129
DXCM	Dexcom Inc	−166,149	82,805	$5,200,154
TSEM	Tower Semiconductor Ltd	−154,079	31,836	$5,586,581
SOLV	Solventum Corp	−131,112	30,389	$1,984,401
OKE	Oneok Inc /New/	−125,801	125,388	$11,333,821
HAFN	Hafnia Ltd	−124,883	510,083	$3,876,630
XOM	ExxonMobil Holdings Corp	−122,283	1,455,134	$246,878,034
PRGO	PERRIGO Co plc	−112,946	30,790	$330,684
MNST	Monster Beverage Corp	−111,757	266,018	$19,275,664
EXC	Exelon Corp	−104,800	419,768	$20,577,027
HAL	Halliburton Co	−97,564	361,571	$14,097,653
AES	Aes Corp	−97,032	72,488	$1,021,355
DAL	Delta Air Lines, Inc.	−91,452	270,455	$17,979,848
T	At&T Inc.	−89,728	2,477,716	$71,828,986
LIN	Linde PLC	−86,581	211,382	$104,794,740
BMY	Bristol Myers Squibb Co	−85,360	651,057	$39,486,607
COO	Cooper Companies, Inc.	−80,679	42,135	$3,012,652
CCL	Carnival Corp Ltd.	−79,538	333,366	$8,627,512
WMB	Williams Companies, Inc.	−72,400	422,211	$30,728,516
RACE	Ferrari N.V.	−68,673	54,346	$18,393,403
MOH	Molina Healthcare, Inc.	−67,803	11,192	$1,491,893
NKE	NIKE, Inc.	−65,892	417,020	$22,026,996
MARA	MARA Holdings, Inc.	−65,331	83,657	$682,641
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	256,980	$50,681,595
SUNB	Sunbelt Rentals Holdings, Inc.	203,639	$13,254,862
PNFP	Pinnacle Financial Partners, Inc.	63,562	$5,475,230
AMCR	Amcor plc	116,865	$4,645,383
MDA	MDA Space Ltd.	109,132	$2,763,222
BROS	Dutch Bros Inc.	48,000	$2,431,680
AHR	American Healthcare REIT, Inc.	48,012	$2,264,245
AGX	Argan Inc	4,090	$2,227,618
RITM	Rithm Capital Corp.	191,207	$1,812,642
APLS	Apellis Pharmaceuticals, Inc.	40,180	$1,616,441
ADT	ADT Inc.	236,060	$1,550,914
ETOR	eToro Group Ltd.	50,901	$1,528,557
LAUR	Laureate Education, Inc.	41,727	$1,453,768
FRO	Frontline plc	34,515	$1,203,192
INDV	Indivior Pharmaceuticals, Inc.	39,030	$1,189,634
LYFT	Lyft, Inc.	88,650	$1,179,045
AMRX	Amneal Pharmaceuticals, Inc.	79,395	$986,879
WINA	Winmark Corp	2,127	$909,398
SPHR	Sphere Entertainment Co.	5,740	$673,876
OSW	ONESPAWORLD HOLDINGS Ltd	24,900	$571,455
SUNC	SunocoCorp LLC	7,975	$491,658
COCO	Vita Coco Company, Inc.	10,090	$483,411
MBIN	Merchants Bancorp	11,263	$483,295
BIPC	Brookfield Infrastructure Corp	11,321	$447,405
BWLP	BW LPG Ltd	23,605	$410,018
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MNDY	monday.com Ltd.	73,539	$10,851,414
ODD	Oddity Tech Ltd	47,850	$1,922,613
GRAB	Grab Holdings Ltd	253,776	$1,266,342
CAR	Avis Budget Group, Inc.	7,426	$952,904
TGNA	TEGNA INC	37,152	$721,120
DOLE	Dole plc	39,264	$588,567
HTBK	HERITAGE COMMERCE CORP	48,960	$588,009
HBNC	Horizon Bancorp Inc /In/	32,186	$545,874
AB	Alliancebernstein Holding L.P.	12,769	$491,351
DAKT	Daktronics Inc /Sd/	22,164	$438,182
SPT	Sprout Social, Inc.	38,071	$429,060
PAAS	Pan American Silver Corp	8,000	$414,480
TNET	Trinet Group, Inc.	6,946	$410,716
FFIC	Flushing Financial Corp	26,892	$407,951
DEC	Diversified Energy Co	27,037	$391,495
BFST	Business First Bancshares, Inc.	14,469	$378,219
NAVN	Navan, Inc.	21,611	$369,115
GTN	Gray Media, Inc	74,225	$359,249
ORRF	Orrstown Financial Services Inc	9,121	$323,065
ARVN	Arvinas, Inc.	27,212	$322,734
COFS	Choiceone Financial Services Inc	10,670	$314,978
FROG	JFrog Ltd	3,932	$245,592
CRMD	CorMedix Inc.	19,205	$223,354
SIGA	Siga Technologies Inc	36,398	$222,391
BY	Byline Bancorp, Inc.	7,533	$219,586
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,678 tracked positions · $24,086,397,725 total · filing declares 1,721 positions · $29,752,883,336 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,678 positions by value · page 1 of 34

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	8,419,829	+3,351	$1,468,418,177	−6.5%	6.10%
AAPL	Apple Inc. Technology	Reduced	5,105,030	-14,891	$1,295,605,563	−6.9%	5.38%
MSFT	Microsoft Corp Technology	Reduced	2,582,031	-10,088	$955,790,415	−23.8%	3.97%
AMZN	Amazon Com Inc Consumer Cyclical	Added	3,373,797	+49,631	$702,660,701	−8.4%	2.92%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,981,131	-482	$569,694,030	−8.2%	2.37%
AVGO	Broadcom Inc. Technology	Added	1,634,512	+3,766	$505,897,809	−10.4%	2.10%
META	Meta Platforms, Inc. Communication Services	Added	752,330	+1,000	$430,430,562	−13.2%	1.79%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	1,066,212	+347,252	$360,326,345	+64.9%	1.50%
TSLA	Tesla, Inc. Consumer Cyclical	Added	961,005	+1,000	$357,253,608	−17.3%	1.48%
PLD	Prologis, Inc. Real Estate	Added	2,583,012	+209,073	$341,422,526	+12.7%	1.42%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	627,873	+5,309	$300,876,741	−3.9%	1.25%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	978,763	-118	$287,912,924	−8.7%	1.20%
XOM	ExxonMobil Holdings Corp Energy	Reduced	1,455,134	-122,283	$246,878,034	+30.1%	1.02%
LLY	ELI LILLY & Co Healthcare	Added	268,388	+1,109	$246,855,230	−14.1%	1.02%
JNJ	Johnson & Johnson Healthcare	Added	893,163	+71,531	$218,324,763	+28.4%	0.91%
WMT	Walmart Inc. Consumer Defensive	Reduced	1,505,267	-2,129	$187,074,582	+11.4%	0.78%
V	Visa Inc. Financial Services	Added	616,473	+30,000	$186,322,799	−9.4%	0.77%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	149,093	-179	$148,560,737	+15.4%	0.62%
MA	Mastercard Inc Financial Services	Reduced	287,108	-2,555	$143,456,383	−13.2%	0.60%
NFLX	Netflix Inc Communication Services	Added	1,486,053	+11,185	$142,883,995	+3.3%	0.59%
ABBV	AbbVie Inc. Healthcare	Added	640,722	+21,400	$139,350,627	−1.5%	0.58%
CVX	Chevron Corp Energy	Reduced	659,941	-5,797	$136,541,792	+34.6%	0.57%
MU	Micron Technology Inc Technology	Added	391,334	+24,832	$132,208,278	+26.4%	0.55%
RY	Royal Bank Of Canada Financial Services	Reduced	798,095	-4,341	$129,115,809	−5.6%	0.54%
HD	Home Depot, Inc. Consumer Cyclical	Added	360,906	+13,143	$118,698,374	−0.8%	0.49%
CAT	Caterpillar Inc Industrials	Reduced	165,199	-595	$117,036,883	+23.2%	0.49%
MRK	Merck & Co., Inc. Healthcare	Added	964,590	+25,069	$116,030,531	+17.3%	0.48%
AMD	Advanced Micro Devices Inc Technology	Added	564,752	+4,151	$114,887,499	−4.3%	0.48%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	2,309,563	-2,369	$112,591,196	−11.5%	0.47%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	769,696	0	$111,174,890	+0.8%	0.46%
PLTR	Palantir Technologies Inc. Technology	Added	733,241	+3,374	$107,258,493	−17.3%	0.45%
CSCO	Cisco Systems, Inc. Technology	Added	1,380,448	+12,997	$107,108,960	+1.7%	0.44%
AMAT	Applied Materials Inc /De Technology	Added	307,351	+8,187	$105,049,498	+36.6%	0.44%
SHOP	Shopify Inc. Technology	Added	884,154	+20,938	$104,878,347	−24.5%	0.44%
LIN	Linde PLC Basic Materials	Reduced	211,382	-86,581	$104,794,740	−17.5%	0.44%
GE	General Electric Co Industrials	Reduced	366,796	-1,385	$104,085,700	−8.2%	0.43%
KO	Coca Cola Co Consumer Defensive	Reduced	1,295,019	-20,384	$98,486,194	+7.1%	0.41%
UNH	Unitedhealth Group Inc Healthcare	Added	357,148	+48,137	$96,640,677	−5.3%	0.40%
PM	Philip Morris International Inc. Consumer Defensive	Added	571,410	+9,656	$94,476,929	+4.9%	0.39%
RTX	RTX Corp Industrials	Added	483,369	+1,454	$93,241,880	+5.5%	0.39%
LRCX	Lam Research Corp Technology	Added	420,767	+43,902	$89,901,077	+39.4%	0.37%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	1,844,681	+73,666	$89,891,305	+49.9%	0.37%
GS	Goldman Sachs Group Inc Financial Services	Reduced	105,404	-4,625	$89,170,729	−7.8%	0.37%
TD	Toronto Dominion Bank Financial Services	Reduced	952,292	-5,748	$88,858,366	−1.5%	0.37%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	1,107,968	-52,096	$88,205,332	−18.4%	0.37%
GEV	GE Vernova Inc. Industrials	Added	96,460	+2,884	$84,199,934	+37.7%	0.35%
ORCL	Oracle Corp Technology	Added	565,541	+6,007	$83,196,736	−23.7%	0.35%
PEP	Pepsico Inc Consumer Defensive	Added	505,793	+10,279	$78,544,594	+10.4%	0.33%
MCD	Mcdonalds Corp Consumer Cyclical	Added	250,160	+3,717	$77,747,226	+3.2%	0.32%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	987,588	+52,195	$77,683,672	+12.8%	0.32%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.