State of Tennessee, Department of Treasury
CIK
1587973
Location
NASHVILLE, TN
Portfolio Value
Large
$33,658,375,773
Diversification
Diversified
Filing Date
Global Rank
#249
/ 8,818
▼ 5
Top Industry
Semiconductors
15.1%
Period ended 4 months ago
Filed Aug 14, 2026 · 2mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Unknown
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 33.7%, 64.5 effective positions, active share 20.3% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
16.2% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 23.2 quarters (12+), a floor since 80.7% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 20.3%; sector active share 5.8% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
1,721 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
6.0%
+0.9 pts
Top 5
22.9%
+2.3 pts
Top 10
33.7%
+1.7 pts
HHI
155
Diversified+18
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 28.7% | $9,664,798,034 |
| Unclassified | 16.1% | $5,413,188,163 |
| Financial Services | 11.3% | $3,812,536,834 |
| Industrials | 7.7% | $2,597,493,761 |
| Consumer Cyclical | 7.4% | $2,480,447,552 |
| Healthcare | 6.9% | $2,330,221,999 |
| Communication Services | 6.9% | $2,315,504,485 |
| Real Estate | 4.7% | $1,577,675,130 |
| Energy | 3.3% | $1,127,361,792 |
| Consumer Defensive | 3.3% | $1,094,550,939 |
| Basic Materials | 2.0% | $688,961,425 |
| Utilities | 1.7% | $555,635,659 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BKLN | Invesco Ltd. | +5,960,764 | 7,286,366 | $148,423,275 | |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | +690,975 | 1,585,012 | $126,753,409 | |
| TRP | Tc Energy Corp | +459,566 | 1,046,144 | $69,348,885 | |
| DVN | Devon Energy Corp | +448,740 | 688,907 | $28,465,637 | |
| KLAC | Kla Corp | +405,769 | 451,194 | $136,129,741 | |
| BKNG | Booking Holdings Inc. | +266,041 | 276,571 | $49,296,015 | |
| TGB | Trekor Metals Ltd | +220,497 | 565,374 | $3,889,773 | |
| F | Ford Motor Co | +211,318 | 1,327,098 | $18,446,662 | |
| VCIT | VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | +209,905 | 3,133,493 | $258,983,196 | |
| HBAN | Huntington Bancshares Inc | +205,539 | 432,216 | $7,663,189 | |
| CVNA | Carvana Co. | +188,504 | 236,322 | $15,554,714 | |
| — | +180,246 | 3,332,943 | $250,803,960 | ||
| MBB | iShares MBS ETF | +176,145 | 2,654,254 | $250,880,088 | |
| KDP | Keurig Dr Pepper Inc. | +150,048 | 489,752 | $16,029,582 | |
| SRE | Sempra | +120,979 | 250,197 | $23,195,763 | |
| GAU | Galiano Gold Inc. | +113,136 | 184,582 | $345,168 | |
| DXCM | Dexcom Inc | +105,024 | 187,829 | $12,650,283 | |
| CCEP | COCA-COLA EUROPACIFIC PARTNERS plc | +101,354 | 149,824 | $14,992,887 | |
| EW | Edwards Lifesciences Corp | +99,747 | 218,572 | $19,772,023 | |
| BRO | Brown & Brown, Inc. | +85,638 | 288,259 | $18,491,814 | |
| SO | Southern Co | +84,943 | 392,021 | $37,520,329 | |
| AES | Aes Corp | +83,587 | 156,075 | $2,288,059 | |
| PFE | Pfizer Inc | +82,098 | 1,792,996 | $43,175,343 | |
| ZBH | Zimmer Biomet Holdings, Inc. | +80,163 | 121,591 | $10,467,769 | |
| ETOR | eToro Group Ltd. | +77,186 | 128,087 | $5,055,593 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| INDA | iShares MSCI India ETF | −1,895,711 | 6,945,050 | $343,016,019 | |
| EWT | iShares MSCI Taiwan ETF | −1,806,866 | 7,797,976 | $846,938,173 | |
| SRLN | State Street(R) Blackstone Senior Loan ETF | −1,526,343 | 4,414,977 | $177,879,423 | |
| EWY | iShares Trust | −940,241 | 5,259,477 | $1,061,888,406 | |
| EIDO | iShares MSCI Indonesia ETF | −823,653 | 1,764,965 | $19,961,754 | |
| EWZ | iShares MSCI Brazil ETF | −799,473 | 5,133,240 | $177,096,780 | |
| EWM | iShares MSCI Malaysia ETF | −384,637 | 1,508,474 | $40,653,374 | |
| VEA | Vanguard FTSE Developed Markets ETF | −243,571 | 3,979,237 | $283,520,636 | |
| CLBT | Cellebrite DI Ltd. | −240,446 | 167,894 | $2,451,252 | |
| CVS | CVS HEALTH Corp | −193,243 | 405,545 | $41,953,630 | |
| EPOL | iShares MSCI Poland ETF | −191,072 | 1,176,823 | $45,437,136 | |
| BEN | Franklin Templeton Inc | −189,603 | 123,918 | $4,122,751 | |
| SHOP | Shopify Inc. | −180,579 | 703,575 | $80,334,193 | |
| EZA | iShares MSCI South Africa ETF | −174,900 | 2,579,219 | $162,980,848 | |
| PCG | PG&E Corp | −155,705 | 810,658 | $13,635,267 | |
| FE | Firstenergy Corp | −149,062 | 106,786 | $5,076,606 | |
| INTC | Intel Corp | −146,352 | 1,598,559 | $223,206,793 | |
| THD | iShares Trust | −129,819 | 611,371 | $44,208,237 | |
| HON | Honeywell International Inc | −127,817 | 109,475 | $24,511,452 | |
| VTI | VANGUARD TOTAL STOCK MARKET INDEX FUND | −125,083 | 1,514,680 | $560,492,187 | |
| BDX | Becton Dickinson & Co | −104,795 | 64,831 | $9,810,875 | |
| DD | DuPont de Nemours, Inc. | −103,006 | 62,448 | $8,470,446 | |
| PLTK | Playtika Holding Corp. | −98,410 | 72,125 | $268,305 | |
| EMBC | Embecta Corp. | −90,908 | 13,017 | $42,435 | |
| TTE | TotalEnergies SE | −88,965 | 332,460 | $25,852,089 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MRVL | Marvell Technology, Inc. | 299,623 | $89,254,695 | |
| HONA | Honeywell Aerospace Inc. | 109,474 | $24,202,511 | |
| VEEV | Veeva Systems Inc | 64,596 | $11,463,852 | |
| FDXF | FedEx Freight Holding Company, Inc. | 60,225 | $9,093,975 | |
| ROKU | Roku, Inc | 50,000 | $6,907,000 | |
| CDE | Coeur Mining, Inc. | 397,892 | $6,493,597 | |
| SN | SharkNinja, Inc. | 27,505 | $4,188,186 | |
| MDB | MongoDB, Inc. | 11,163 | $3,749,651 | |
| XLU | State Street(R) Utilities Select Sector SPDR(R) ETF | 67,155 | $3,044,807 | |
| RBRK | Rubrik, Inc. | 32,337 | $2,596,014 | |
| OGC | OceanaGold Corp | 98,798 | $2,477,853 | |
| NAVN | Navan, Inc. | 108,250 | $2,475,677 | |
| VSEC | Vse Corp | 9,875 | $2,256,437 | |
| SIRI | Sirius Xm Holdings Inc. | 68,762 | $2,031,229 | |
| WIX | Wix.com Ltd. | 42,328 | $1,920,421 | |
| STLA | Stellantis N.V. | 318,710 | $1,829,395 | |
| ALHC | Alignment Healthcare, Inc. | 65,749 | $1,565,483 | |
| BNL | Broadstone Net Lease, Inc. | 73,121 | $1,511,411 | |
| RELY | Remitly Global, Inc. | 67,050 | $1,502,590 | |
| MNDY | monday.com Ltd. | 19,574 | $1,416,961 | |
| ATMU | Atmus Filtration Technologies Inc. | 27,013 | $1,377,392 | |
| LAZ | Lazard, Inc. | 32,125 | $1,347,322 | |
| LIF | Life360, Inc. | 24,301 | $1,345,303 | |
| BFAM | Bright Horizons Family Solutions Inc. | 17,421 | $1,234,800 | |
| VGNT | Versigent PLC | 28,878 | $1,213,164 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SHYG | iShares 0-5 Year High Yield Corporate Bond ETF | 1,163,200 | $49,214,992 | |
| JAAA | Janus Henderson AAA CLO ETF | 793,046 | $39,945,727 | |
| JPST | JPMorgan Ultra-Short Income ETF | 649,100 | $32,850,951 | |
| FALN | iShares Fallen Angels USD Bond ETF | 926,000 | $24,742,720 | |
| NOK | Nokia Corp | 1,964,140 | $15,791,685 | |
| EPHE | iShares, Inc. | 634,267 | $15,748,849 | |
| XLK | State Street(R) Technology Select Sector SPDR(R) ETF | 106,453 | $14,147,603 | |
| XLF | State Street Corp | 220,076 | $10,865,152 | |
| — | 240,335 | $8,445,372 | ||
| DOO | BRP Inc. | 61,559 | $4,420,551 | |
| — | 44,527 | $3,365,796 | ||
| — | 13,918 | $2,475,595 | ||
| BGSI | Boyd Group Services Inc. | 17,886 | $2,286,903 | |
| — | 27,869 | $1,809,813 | ||
| — | 41,818 | $1,758,447 | ||
| — | 40,180 | $1,616,442 | ||
| CUK | CARNIVAL PLC | 57,519 | $1,482,265 | |
| BRBR | Bellring Brands, Inc. | 71,974 | $1,158,061 | |
| — | 19,143 | $894,553 | ||
| — | 77,881 | $842,673 | ||
| SAM | Boston Beer Co Inc | 3,094 | $712,857 | |
| — | 32,411 | $611,596 | ||
| GPOR | Gulfport Energy Corp | 2,850 | $602,974 | |
| XIFR | XPLR Infrastructure, LP | 51,989 | $552,123 | |
| RNGR | Ranger Energy Services, Inc. | 30,719 | $526,523 | |
| No positions match the current search. | ||||
1,721 tracked positions ·
$33,658,375,773 total
· filing declares
1,721 positions · $33,657,722,149
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 1,721 positions by value
· page 1 of 35
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Reduced | 8,391,486 | $1,679,052,433 | 4.99% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 5,078,446 | $1,469,499,134 | 4.37% | |
| EWY |
iShares Trust
|
Reduced | 5,259,477 | $1,061,888,406 | 3.15% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 2,574,513 | $960,344,839 | 2.85% | |
| EWT |
iShares MSCI Taiwan ETF
|
Reduced | 7,797,976 | $846,938,173 | 2.52% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 3,368,678 | $802,890,714 | 2.39% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 1,996,414 | $713,458,471 | 2.12% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 1,633,240 | $616,956,410 | 1.83% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Reduced | 1,648,248 | $582,375,465 | 1.73% | |
| VTI |
VANGUARD TOTAL STOCK MARKET INDEX FUND
|
Reduced | 1,514,680 | $560,492,187 | 1.67% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 1,070,212 | $511,101,144 | 1.52% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 387,321 | $447,080,757 | 1.33% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 750,789 | $422,911,935 | 1.26% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 965,345 | $406,024,107 | 1.21% | |
| PLD |
Prologis, Inc.
Real Estate
|
Added | 2,584,668 | $350,144,973 | 1.04% | |
| INDA |
iShares MSCI India ETF
|
Reduced | 6,945,050 | $343,016,019 | 1.02% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 274,745 | $329,537,422 | 0.98% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 563,368 | $327,266,104 | 0.97% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 966,939 | $316,508,142 | 0.94% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 617,646 | $309,063,881 | 0.92% | |
| VEA |
Vanguard FTSE Developed Markets ETF
|
Reduced | 3,979,237 | $283,520,636 | 0.84% | |
| VCIT |
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND
|
Added | 3,133,493 | $258,983,196 | 0.77% | |
| MBB |
iShares MBS ETF
|
Added | 2,654,254 | $250,880,088 | 0.75% | |
|
|
Added | 3,332,943 | $250,803,960 | 0.75% | ||
| INTC |
Intel Corp
Technology
|
Reduced | 1,598,559 | $223,206,793 | 0.66% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 867,007 | $220,193,767 | 0.65% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 613,770 | $210,578,349 | 0.63% | |
| VNQ |
VANGUARD REAL ESTATE INDEX FUND
|
Reduced | 2,181,157 | $210,328,969 | 0.62% | |
| AMAT |
Applied Materials Inc
Technology
|
Reduced | 284,484 | $205,681,932 | 0.61% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Added | 1,458,177 | $199,361,959 | 0.59% | |
| LRCX |
Lam Research Corp
Technology
|
Added | 441,754 | $191,425,260 | 0.57% | |
| VOO |
VANGUARD 500 INDEX FUND
|
Held | 277,910 | $190,871,367 | 0.57% | |
| FLIN |
Franklin FTSE India ETF
|
Added | 5,232,424 | $186,117,321 | 0.55% | |
| SRLN |
State Street(R) Blackstone Senior Loan ETF
|
Reduced | 4,414,977 | $177,879,423 | 0.53% | |
| EWZ |
iShares MSCI Brazil ETF
|
Reduced | 5,133,240 | $177,096,780 | 0.53% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 161,321 | $171,790,732 | 0.51% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 1,501,695 | $170,081,975 | 0.51% | |
| RY |
Royal Bank Of Canada
Financial Services
|
Reduced | 796,805 | $164,914,730 | 0.49% | |
| EZA |
iShares MSCI South Africa ETF
|
Reduced | 2,579,219 | $162,980,848 | 0.48% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 1,373,295 | $161,307,230 | 0.48% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 629,148 | $158,318,802 | 0.47% | |
| BKLN |
Invesco Ltd.
Financial Services
|
Added | 7,286,366 | $148,423,275 | 0.44% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 282,934 | $145,314,902 | 0.43% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Reduced | 147,517 | $137,997,727 | 0.41% | |
| GE |
General Electric Co
Industrials
|
Reduced | 364,357 | $136,171,141 | 0.40% | |
| KLAC |
Kla Corp
Technology
|
Added | 451,194 | $136,129,741 | 0.40% | |
| BAC |
Bank Of America Corp
Financial Services
|
Reduced | 2,285,494 | $130,227,448 | 0.39% | |
| HYG |
iShares iBoxx $ High Yield Corporate Bond ETF
|
Added | 1,585,012 | $126,753,409 | 0.38% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 302,176 | $125,593,410 | 0.37% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 349,891 | $123,399,557 | 0.37% |
Showing the top 50 of 1,721 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
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.