§ 13F · FUND PROFILE
State of Tennessee, Department of Treasury.
Tennessee state treasury, pension
AUM · $33.7B (13F)Positions · 1721Turnover · 56% · Q1Filed · Aug 14, 2026
CONCENTRATION
27%
Top 10 holdings
NEW BUYS
+54
+$252M deployed
EXITS
0
No exits
SECTOR SHIFT
MEDIA → OTHER
-1pp · +2pp
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED AUG 14, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION COM | 8.39M | $1.7B | 5.0% | ±0% |
| 2 | AAPL | APPLE INC COM | 5.08M | $1.5B | 4.4% | −1% |
| 3 | EWY | ISHARES INC MSCI STH KOR ETF | 5.26M | $1.1B | 3.2% | −15% |
| 4 | MSFT | MICROSOFT CORP COM | 2.57M | $960M | 2.9% | ±0% |
| 5 | EWT | ISHARES INC MSCI TAIWAN ETF | 7.80M | $847M | 2.5% | −19% |
| 6 | AMZN | AMAZON COM INC COM | 3.37M | $803M | 2.4% | ±0% |
| 7 | GOOGL | ALPHABET INC CAP STK CL A | 2.00M | $713M | 2.1% | +1% |
| 8 | AVGO | BROADCOM INC COM | 1.63M | $617M | 1.8% | ±0% |
| 9 | GOOG | ALPHABET INC CAP STK CL C | 1.65M | $582M | 1.7% | ±0% |
| 10 | VTI | VANGUARD INDEX FDS TOTAL STK MKT | 1.51M | $560M | 1.7% | −8% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other42.4% (+2pp)
Technology11.4% (±0)
Semiconductors11.1% (±0)
Media6.2% (−1pp)
Retail5.6% (±0)
Real Estate4.8%
§ 03 · THE STATE SIGNAL
AC read
State of Tennessee, Department of Treasury is a Income / Defensive fund managing $33.7 billion in assets. The fund runs a massive portfolio of 1,721 positions, broad diversification across holdings, with the top 10 accounting for 27%. Trading activity is aggressive at 56% quarterly turnover, with 54 new positions and 0 exits last quarter. Top sector allocations: Other (42%), Technology (11%), Semiconductors (11%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
3 OF 2 FILINGS MEASURED
Q1 2026
Busy quarter
+54 buys · −0 exits · 910 changed
Q4 2025
Busy quarter
+94 buys · −0 exits · 1610 changed
Q3 2025
Busy quarter
+1727 buys · −0 exits · 0 changed