TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY

Pension

CIK

714142

Location

FRANKFORT, KY

Portfolio Value

Large $12,586,981,074

Diversification

Diversified

Filing Date

Global Rank

#367 / 8,617 ▲ 4 · as of Mar 2026

Top Industry

Semiconductors 10.5%

3Y Alpha vs SPY

-2.5%

Period ended 4 months ago

Filed May 4, 2026 · 2mo

24 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+61.1%

SPY

+69.4%

Annualised alpha

-2.0%

Max drawdown

−19.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,655 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.1%

−0.1 pts

Top 5

17.8%

−1.3 pts

Top 10

24.5%

−2.0 pts

HHI

Diversified−11

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	27.1%	$3,407,161,110	239
Financial Services	15.8%	$1,986,879,338	264
Healthcare	11.8%	$1,486,323,292	213
Consumer Cyclical	11.4%	$1,432,711,043	218
Industrials	9.6%	$1,213,353,393	253
Communication Services	7.0%	$877,140,190	52
Energy	5.0%	$628,544,535	78
Consumer Defensive	4.8%	$604,059,285	85
Basic Materials	3.3%	$409,810,115	75
Utilities	2.0%	$252,260,223	57
Real Estate	1.9%	$243,730,530	118
Unclassified	0.4%	$45,008,020	3

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
IVZ	Invesco Ltd.	+925,300	960,441	$23,329,111
TSCO	Tractor Supply Co /De/	+503,400	545,259	$24,700,232
BALL	BALL Corp	+474,100	497,459	$29,404,801
SYY	Sysco Corp	+355,200	393,663	$28,079,981
CVS	CVS HEALTH Corp	+322,400	420,981	$30,234,855
SNN	Smith & Nephew PLC	+305,600	905,100	$28,764,078
NEM	NEWMONT Corp /DE/	+238,900	328,197	$35,527,324
DECK	Deckers Outdoor Corp	+235,000	246,892	$24,711,419
YUMC	Yum China Holdings, Inc.	+224,060	752,360	$36,700,120
VZ	Verizon Communications Inc	+202,000	840,086	$42,172,316
TGT	Target Corp	+176,000	212,034	$25,698,520
CLX	Clorox Co /De/	+167,000	176,599	$18,300,954
CCL	Carnival Corp Ltd.	+163,880	245,446	$6,352,141
MCHP	Microchip Technology Inc	+152,100	194,158	$12,544,548
MPC	Marathon Petroleum Corp	+143,500	168,644	$41,179,491
DNOW	DNOW Inc.	+133,742	166,509	$1,983,121
FIP	FTAI Infrastructure Inc.	+131,521	433,930	$2,143,614
NXPI	NXP Semiconductors N.V.	+130,142	301,412	$59,335,965
PATH	UiPath, Inc.	+130,000	131,100	$1,455,210
CCK	Crown Holdings, Inc.	+114,000	311,135	$31,191,283
SNX	Td Synnex Corp	+106,000	130,244	$21,973,464
NAVN	Navan, Inc.	+105,841	118,875	$1,573,905
MDT	Medtronic plc	+105,000	701,959	$60,824,746
TBBB	Bbb Foods Inc	+94,900	138,530	$4,899,805
MU	Micron Technology Inc	+92,987	228,340	$77,142,384
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	−1,580,680	562,860	$16,317,310
VALE	Vale S.A.	−649,000	3,423,400	$54,466,293
SAN	Banco Santander, S.A.	−617,150	4,244,210	$47,874,688
MAS	Masco Corp /De/	−475,300	16,817	$1,015,242
PBR	Petrobras - Petroleo Brasileiro SA	−351,000	1,618,030	$33,574,122
INTC	Intel Corp	−326,093	357,695	$15,785,079
NWG	NatWest Group plc	−319,511	2,490,080	$37,102,192
OMC	Omnicom Group Inc.	−315,214	25,380	$1,911,367
JD	JD.com, Inc.	−305,960	312,600	$9,243,582
UAL	United Airlines Holdings, Inc.	−256,870	25,713	$2,367,395
NFLX	Netflix Inc	−217,923	742,115	$71,354,356
PINS	Pinterest, Inc.	−215,392	183,500	$3,365,389
LEN	Lennar Corp /New/	−192,250	18,525	$1,608,710
BWA	Borgwarner Inc	−167,000	549,959	$29,840,774
RIO	Rio Tinto PLC	−152,000	545,770	$50,914,882
TKO	TKO Group Holdings, Inc.	−124,930	5,419	$1,092,740
BCS	Barclays PLC	−114,440	1,881,600	$39,814,655
EXPE	Expedia Group, Inc.	−114,200	9,632	$2,223,932
JBL	Jabil Inc	−113,650	156,414	$41,548,250
ADBE	Adobe Inc.	−110,294	33,203	$8,070,984
BKD	Brookdale Senior Living Inc.	−104,547	196,231	$2,684,440
CDW	CDW Corp	−97,200	10,440	$1,263,447
RXO	RXO, Inc.	−90,352	36,480	$533,337
MKC	Mccormick & Co Inc	−89,606	19,810	$999,216
VIAV	Viavi Solutions Inc.	−89,283	144,825	$4,819,774
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	70,159	$13,836,757
PNFP	Pinnacle Financial Partners, Inc.	90,787	$7,820,391
VRT	Vertiv Holdings Co	29,900	$7,492,342
VOD	Vodafone Group Public Ltd Co	370,290	$5,561,755
HBM	Hudbay Minerals Inc.	220,340	$4,605,106
KGC	Kinross Gold Corp	149,760	$4,570,675
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	206,440	$4,471,490
GIL	Gildan Activewear Inc.	79,590	$4,429,183
QXO	QXO, Inc.	143,735	$2,791,332
BROS	Dutch Bros Inc.	39,000	$1,975,739
AGX	Argan Inc	3,350	$1,824,576
SARO	StandardAero, Inc.	60,000	$1,549,800
AMCR	Amcor plc	38,198	$1,518,370
RITM	Rithm Capital Corp.	138,000	$1,308,239
LYFT	Lyft, Inc.	98,000	$1,303,399
VSEC	Vse Corp	6,919	$1,275,863
VSNT	Versant Media Group, Inc.	34,437	$1,274,857
XENE	Xenon Pharmaceuticals Inc.	21,133	$1,228,883
LAUR	Laureate Education, Inc.	32,500	$1,132,299
APLS	Apellis Pharmaceuticals, Inc.	25,000	$1,005,749
INDV	Indivior Pharmaceuticals, Inc.	30,700	$935,735
GRDN	Guardian Pharmacy Services, Inc.	24,800	$933,968
SEI	Solaris Energy Infrastructure, Inc.	16,203	$915,631
ADT	ADT Inc.	126,000	$827,819
LIF	Life360, Inc.	19,000	$775,579
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
HDB	Hdfc Bank Ltd	511,760	$18,699,709
DOX	Amdocs Ltd	228,410	$18,389,288
SONY	Sony Group Corp	527,900	$13,514,240
NVO	Novo Nordisk A S	82,740	$4,209,811
KLAR	Klarna Group plc	101,131	$2,923,697
GLOB	Globant S.A.	24,447	$1,598,099
CWAN	Clearwater Analytics Holdings, Inc.	62,472	$1,506,824
GENI	Genius Sports Ltd	118,222	$1,302,806
INTA	Intapp, Inc.	26,908	$1,232,924
U	Unity Software Inc.	23,407	$1,033,887
VERX	Vertex, Inc.	40,964	$818,051
TGNA	TEGNA INC	40,452	$785,172
AVPT	AvePoint, Inc.	56,181	$780,354
CCC	CCC Intelligent Solutions Holdings Inc.	84,527	$671,989
EOSE	Eos Energy Enterprises, Inc.	38,654	$442,974
OKLO	Oklo Inc.	5,562	$399,129
ELME	Elme Communities	22,096	$384,469
QBTS	D-Wave Quantum Inc.	10,008	$261,709
CARS	Cars.com Inc.	14,498	$176,875
SXC	SunCoke Energy, Inc.	21,320	$153,504
FG	F&G Annuities & Life, Inc.	4,929	$152,058
SANA	Sana Biotechnology, Inc.	37,142	$151,166
MYGN	Myriad Genetics Inc	22,848	$140,514
AHRT	AH Realty Trust, Inc.	19,718	$130,532
INN	Summit Hotel Properties, Inc.	26,634	$129,706
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,655 positions · $12,586,981,074 total · 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 1,655 positions by value · page 1 of 34

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	3,671,448	+68,406	$640,300,527	−4.7%	5.09%
AAPL	Apple Inc. Technology	Reduced	1,889,728	-30,329	$479,594,067	−8.1%	3.81%
MSFT	Microsoft Corp Technology	Added	1,109,372	+2,468	$410,656,231	−23.3%	3.26%
GOOGL	Alphabet Inc. Communication Services	Added	1,233,629	+79,930	$354,742,352	−1.8%	2.82%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,692,462	+16,517	$352,489,057	−8.9%	2.80%
AVGO	Broadcom Inc. Technology	Added	850,380	+37,060	$263,201,111	−6.5%	2.09%
META	Meta Platforms, Inc. Communication Services	Added	374,237	+9,646	$214,112,211	−11.0%	1.70%
LLY	ELI LILLY & Co Healthcare	Reduced	150,845	-393	$138,742,704	−14.6%	1.10%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	420,831	-19,043	$123,791,645	−12.7%	0.98%
TSLA	Tesla, Inc. Consumer Cyclical	Added	293,112	+3,220	$108,964,383	−16.4%	0.87%
V	Visa Inc. Financial Services	Reduced	285,876	-2,200	$86,403,160	−14.5%	0.69%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	614,360	-12,727	$85,623,351	+11.2%	0.68%
CB	Chubb Ltd Financial Services	Added	259,587	+36,000	$84,607,189	+21.2%	0.67%
MU	Micron Technology Inc Technology	Added	228,340	+92,987	$77,142,384	+99.7%	0.61%
TEVA	Teva Pharmaceutical Industries Ltd Healthcare	Held	2,445,300	0	$73,652,436	−3.5%	0.59%
AMD	Advanced Micro Devices Inc Technology	Added	353,090	+6,394	$71,829,095	−3.3%	0.57%
NFLX	Netflix Inc Communication Services	Reduced	742,115	-217,923	$71,354,356	−20.7%	0.57%
HCA	HCA Healthcare, Inc. Healthcare	Added	150,712	+61,927	$71,322,946	+72.1%	0.57%
WMT	Walmart Inc. Consumer Defensive	Reduced	560,476	-31,247	$69,655,955	+5.7%	0.55%
CSCO	Cisco Systems, Inc. Technology	Added	894,093	+37,187	$69,372,675	+5.1%	0.55%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	143,766	0	$68,892,666	−4.7%	0.55%
PH	Parker-Hannifin Corp Industrials	Reduced	74,822	-9,889	$66,983,646	−10.0%	0.53%
XOM	ExxonMobil Holdings Corp Energy	Reduced	393,661	-49,819	$66,788,524	+25.1%	0.53%
QCOM	Qualcomm Inc/De Technology	Reduced	518,213	-40,700	$66,735,469	−30.2%	0.53%
TTE	TotalEnergies SE Energy	Reduced	731,230	-2,450	$66,527,304	+38.6%	0.53%
ABBV	AbbVie Inc. Healthcare	Added	290,591	+12,000	$63,200,635	−0.7%	0.50%
KR	Kroger Co Consumer Defensive	Reduced	866,959	-10,900	$62,733,152	+14.4%	0.50%
SHEL	Shell plc Energy	Added	670,690	+51,000	$62,374,170	+37.0%	0.50%
MA	Mastercard Inc Financial Services	Added	123,417	+3,160	$61,666,536	−10.2%	0.49%
MDT	Medtronic plc Healthcare	Added	701,959	+105,000	$60,824,746	+6.1%	0.48%
NXPI	NXP Semiconductors N.V. Technology	Added	301,412	+130,142	$59,335,965	+59.6%	0.47%
MS	Morgan Stanley Financial Services	Reduced	339,029	-2,000	$55,794,001	−7.8%	0.44%
CMI	Cummins Inc Industrials	Added	102,267	+806	$55,021,690	+6.2%	0.44%
PM	Philip Morris International Inc. Consumer Defensive	Added	332,345	+52,232	$54,949,920	+22.3%	0.44%
BAC	Bank Of America Corp /De/ Financial Services	Held	1,119,219	0	$54,561,925	−11.4%	0.43%
VALE	Vale S.A. Basic Materials	Reduced	3,423,400	-649,000	$54,466,293	+2.6%	0.43%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	658,730	-33,900	$52,441,493	−18.8%	0.42%
RIO	Rio Tinto PLC Basic Materials	Reduced	545,770	-152,000	$50,914,882	−8.8%	0.40%
FTI	TechnipFMC plc Energy	Added	692,800	+47,000	$47,893,263	+66.4%	0.38%
SAN	Banco Santander, S.A. Financial Services	Reduced	4,244,210	-617,150	$47,874,688	−16.0%	0.38%
COST	Costco Wholesale Corp /New Consumer Defensive	Held	46,745	0	$46,578,119	+15.5%	0.37%
ORCL	Oracle Corp Technology	Added	315,435	+6,000	$46,403,641	−23.1%	0.37%
JNJ	Johnson & Johnson Healthcare	Held	189,024	0	$46,205,025	+18.1%	0.37%
ING	Ing Groep NV Financial Services	Reduced	1,765,380	-19,270	$45,988,148	−8.0%	0.37%
AER	AerCap Holdings N.V. Industrials	Held	327,670	0	$44,949,769	−4.6%	0.36%
AMGN	Amgen Inc Healthcare	Held	126,248	0	$44,420,357	+7.5%	0.35%
NRG	Nrg Energy, Inc. Utilities	Added	301,843	+63,600	$44,111,334	+16.3%	0.35%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Held	129,780	0	$43,859,150	+11.2%	0.35%
MO	Altria Group, Inc. Consumer Defensive	Held	657,035	0	$43,357,738	+14.4%	0.34%
HD	Home Depot, Inc. Consumer Cyclical	Held	130,103	0	$42,789,574	−4.4%	0.34%