State of Tennessee, Department of Treasury
NASHVILLE, TN
$33.7bn in 1,721 US stocks at the end of 30 June 2026. The top 10 are 27.6% of the money. It changed about 9.9% of the portfolio this quarter.
Value
$33.7bn
Stocks
1,721
Top 10 share
27.6%
Turnover
9.9%
What changed this quarter
New
Bought for the first time this quarter.
- Marvell TechnologyMRVL0.3% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- Veeva SystemsVEEV<0.1% of the fund
- CarnivalCCL<0.1% of the fund
- FedEx Freight Holding CompanyFDXF<0.1% of the fund
- DuPont de NemoursDD<0.1% of the fund
- RokuROKU<0.1% of the fund
- Coeur MiningCDE<0.1% of the fund
- Thomson Reuters Corp /canTRI<0.1% of the fund
- SharkNinjaSN<0.1% of the fund
- Trekor MetalsTGB<0.1% of the fund
- MongoDBMDB<0.1% of the fund
- Select Sector Spdr TRXLU<0.1% of the fund
- RubrikRBRK<0.1% of the fund
- NavanNAVN<0.1% of the fund
- OceanaGoldOGC<0.1% of the fund
- VSEVSEC<0.1% of the fund
- Sirius XM HoldingsSIRI<0.1% of the fund
- Wix.comWIX<0.1% of the fund
- StellantisSTLA<0.1% of the fund
- Alignment HealthcareALHC<0.1% of the fund
- Broadstone Net LeaseBNL<0.1% of the fund
- Remitly GlobalRELY<0.1% of the fund
- monday.comMNDY<0.1% of the fund
Added
Bought more of a stock they already held.
- Eli LillyLLY1.0% of the fund+2%
- Vanguard Scottsdale FDSVCIT0.8% of the fund+7%
- Ishares TRMBB0.7% of the fund+7%
- Vanguard Scottsdale FDSVCLT0.7% of the fund+6%
- Lam ResearchLRCX0.6% of the fund+5%
- Invesco Exch Traded FD TR IIBKLN0.4% of the fund+450%
- Ishares TRHYG0.4% of the fund+77%
- LindeLIN0.3% of the fund+2%
- Palo Alto NetworksPANW0.3% of the fund+11%
- Avalonbay CommunitiesAVB0.3% of the fund+8%
- International Business MachinesIBM0.3% of the fund+3%
- OracleORCL0.3% of the fund+2%
- Vivmark ResidentialVMRK0.2% of the fund+3%
- AmphenolAPH0.2% of the fund+7%
- Seagate Technology HoldingsSTX0.2% of the fund+2%
- TC EnergyTRP0.2% of the fund+78%
- Essex Property TrustESS0.2% of the fund+3%
- BoeingBA0.2% of the fund+3%
- Union PacificUNP0.2% of the fund+10%
- EatonETN0.2% of the fund+15%
- Intuitive SurgicalISRG0.2% of the fund+7%
- Booking HoldingsBKNG0.1% of the fund+5%
- AlconALC0.1% of the fund+3%
- AppLovinAPP0.1% of the fund+10%
- Vertiv HoldingsVRT0.1% of the fund+3%
Cut
Sold some of their stake.
- IsharesEWY3.2% of the fund-15%
- IsharesEWT2.5% of the fund-19%
- Vanguard Index FDSVTI1.7% of the fund-8%
- Ishares TRINDA1.0% of the fund-21%
- Vanguard Tax-Managed FDSVEA0.8% of the fund-6%
- IntelINTC0.7% of the fund-8%
- Johnson & JohnsonJNJ0.7% of the fund-3%
- Vanguard Index FDSVNQ0.6% of the fund-2%
- Applied MaterialsAMAT0.6% of the fund-7%
- Ssga Active ETF TRSRLN0.5% of the fund-26%
- IsharesEWZ0.5% of the fund-13%
- CaterpillarCAT0.5% of the fund-2%
- IsharesEZA0.5% of the fund-6%
- UnitedHealth GroupUNH0.4% of the fund-15%
- Home DepotHD0.4% of the fund-3%
- SandiskSNDK0.3% of the fund-3%
- MerckMRK0.3% of the fund-7%
- Procter & GamblePG0.3% of the fund-2%
- Philip Morris InternationalPM0.3% of the fund-4%
- UBS Group AGUBS0.3% of the fund-4%
- RTXRTX0.3% of the fund-5%
- ShopifySHOP0.2% of the fund-20%
- ASML Holding NVASML0.2% of the fund-4%
- Western DigitalWDC0.2% of the fund-3%
- SeaSE0.2% of the fund-4%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- Ishares TRSHYG-100%
- Janus Detroit STR TRJAAA-100%
- J P Morgan Exchange Traded FJPST-100%
- Ishares TRFALN-100%
- NokiaNOK-100%
- Ishares TREPHE-100%
- Select Sector Spdr TRXLK-100%
- Select Sector Spdr TRXLF-100%
- Carnival-100%
- Coterra EnergyCTRA-100%
- DuPont de NemoursDD-100%
- Thomson Reuters-100%
- BRPDOO-100%
- Hologic-100%
- Masimo-100%
- Boyd Group ServicesBGSI-100%
- Taseko Mines-100%
- Air Lease-100%
- Sealed Air Corp New-100%
- Clearway EnergyCWEN-100%
- Apellis Pharmaceuticals-100%
- Carnival PLC ADS-100%
- Bellring BrandsBRBR-100%
- TRI Pointe Homes-100%
Holdings
- IsharesEWY
- Share
- 3.2%
- Value
- $1.1bn
- Shares
- 5,259,477
-15%
- IsharesEWT
- Share
- 2.5%
- Value
- $847m
- Shares
- 7,797,976
-19%
- Vanguard Index FDSVTI
- Share
- 1.7%
- Value
- $560m
- Shares
- 1,514,680
-8%
- Ishares TRINDA
- Share
- 1.0%
- Value
- $343m
- Shares
- 6,945,050
-21%
- Vanguard Tax-Managed FDSVEA
- Share
- 0.8%
- Value
- $284m
- Shares
- 3,979,237
-6%
- Vanguard Scottsdale FDSVCIT
- Share
- 0.8%
- Value
- $259m
- Shares
- 3,133,493
+7%
- Ishares TRMBB
- Share
- 0.7%
- Value
- $251m
- Shares
- 2,654,254
+7%
- Vanguard Scottsdale FDSVCLT
- Share
- 0.7%
- Value
- $251m
- Shares
- 3,332,943
+6%
- Vanguard Index FDSVNQ
- Share
- 0.6%
- Value
- $210m
- Shares
- 2,181,157
-2%
- Vanguard Index FDSVOO
- Share
- 0.6%
- Value
- $191m
- Shares
- 277,910
Held
- Franklin Templeton ETF TRFLIN
- Share
- 0.6%
- Value
- $186m
- Shares
- 5,232,424
Held
- Ssga Active ETF TRSRLN
- Share
- 0.5%
- Value
- $178m
- Shares
- 4,414,977
-26%
- IsharesEWZ
- Share
- 0.5%
- Value
- $177m
- Shares
- 5,133,240
-13%
- Royal Bank of CanadaRY
- Share
- 0.5%
- Value
- $165m
- Shares
- 796,805
Held
- IsharesEZA
- Share
- 0.5%
- Value
- $163m
- Shares
- 2,579,219
-6%
- Invesco Exch Traded FD TR IIBKLN
- Share
- 0.4%
- Value
- $148m
- Shares
- 7,286,366
+450%
- Ishares TRHYG
- Share
- 0.4%
- Value
- $127m
- Shares
- 1,585,012
+77%
- Toronto Dominion BankTD
- Share
- 0.3%
- Value
- $116m
- Shares
- 954,371
Held
- Avalonbay CommunitiesAVB
- Share
- 0.3%
- Value
- $94m
- Shares
- 496,514
+8%
- Canadian Natural ResourcesCNQ
- Share
- 0.2%
- Value
- $72m
- Shares
- 1,814,164
Held
- Bank of Montreal /canBMO
- Share
- 0.2%
- Value
- $71m
- Shares
- 403,848
Held
- TC EnergyTRP
- Share
- 0.2%
- Value
- $69m
- Shares
- 1,046,144
+78%
- SeaSE
- Share
- 0.2%
- Value
- $69m
- Shares
- 717,356
-4%
- Canadian National RailwayCNI
- Share
- 0.2%
- Value
- $64m
- Shares
- 537,896
-3%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 5.0% | $1.7bn | 8,391,486 | Held |
| AppleAAPL | 4.4% | $1.5bn | 5,078,446 | Held |
| IsharesEWY | 3.2% | $1.1bn | 5,259,477 | -15% |
| MicrosoftMSFT | 2.9% | $960m | 2,574,513 | Held |
| IsharesEWT | 2.5% | $847m | 7,797,976 | -19% |
| Amazon.comAMZN | 2.4% | $803m | 3,368,678 | Held |
| AlphabetGOOGL | 2.1% | $713m | 1,996,414 | Held |
| BroadcomAVGO | 1.8% | $617m | 1,633,240 | Held |
| AlphabetGOOG | 1.7% | $582m | 1,648,248 | Held |
| Vanguard Index FDSVTI | 1.7% | $560m | 1,514,680 | -8% |
| Taiwan Semiconductor ManufacturingTSM | 1.5% | $511m | 1,070,212 | Held |
| Micron TechnologyMU | 1.3% | $447m | 387,321 | Held |
| Meta PlatformsMETA | 1.3% | $423m | 750,789 | Held |
| TeslaTSLA | 1.2% | $406m | 965,345 | Held |
| PrologisPLD | 1.0% | $350m | 2,584,668 | Held |
| Ishares TRINDA | 1.0% | $343m | 6,945,050 | -21% |
| Eli LillyLLY | 1.0% | $330m | 274,745 | +2% |
| Advanced Micro DevicesAMD | 1.0% | $327m | 563,368 | Held |
| JPMorgan ChaseJPM | 0.9% | $317m | 966,939 | Held |
| Berkshire HathawayBRK-B | 0.9% | $309m | 617,646 | Held |
| Vanguard Tax-Managed FDSVEA | 0.8% | $284m | 3,979,237 | -6% |
| Vanguard Scottsdale FDSVCIT | 0.8% | $259m | 3,133,493 | +7% |
| Ishares TRMBB | 0.7% | $251m | 2,654,254 | +7% |
| Vanguard Scottsdale FDSVCLT | 0.7% | $251m | 3,332,943 | +6% |
| IntelINTC | 0.7% | $223m | 1,598,559 | -8% |
| Johnson & JohnsonJNJ | 0.7% | $220m | 867,007 | -3% |
| VisaV | 0.6% | $211m | 613,770 | Held |
| Vanguard Index FDSVNQ | 0.6% | $210m | 2,181,157 | -2% |
| Applied MaterialsAMAT | 0.6% | $206m | 284,484 | -7% |
| ExxonMobil HoldingsXOM | 0.6% | $199m | 1,458,177 | Held |
| Lam ResearchLRCX | 0.6% | $191m | 441,754 | +5% |
| Vanguard Index FDSVOO | 0.6% | $191m | 277,910 | Held |
| Franklin Templeton ETF TRFLIN | 0.6% | $186m | 5,232,424 | Held |
| Ssga Active ETF TRSRLN | 0.5% | $178m | 4,414,977 | -26% |
| IsharesEWZ | 0.5% | $177m | 5,133,240 | -13% |
| CaterpillarCAT | 0.5% | $172m | 161,321 | -2% |
| WalmartWMT | 0.5% | $170m | 1,501,695 | Held |
| Royal Bank of CanadaRY | 0.5% | $165m | 796,805 | Held |
| IsharesEZA | 0.5% | $163m | 2,579,219 | -6% |
| Cisco SystemsCSCO | 0.5% | $161m | 1,373,295 | Held |
| AbbVieABBV | 0.5% | $158m | 629,148 | Held |
| Invesco Exch Traded FD TR IIBKLN | 0.4% | $148m | 7,286,366 | +450% |
| MastercardMA | 0.4% | $145m | 282,934 | Held |
| Costco WholesaleCOST | 0.4% | $138m | 147,517 | Held |
| General ElectricGE | 0.4% | $136m | 364,357 | Held |
| KLAKLAC | 0.4% | $136m | 451,194 | Held |
| Bank of AmericaBAC | 0.4% | $130m | 2,285,494 | Held |
| Ishares TRHYG | 0.4% | $127m | 1,585,012 | +77% |
| UnitedHealth GroupUNH | 0.4% | $126m | 302,176 | -15% |
| Home DepotHD | 0.4% | $123m | 349,891 | -3% |
| SandiskSNDK | 0.3% | $116m | 51,164 | -3% |
| Toronto Dominion BankTD | 0.3% | $116m | 954,371 | Held |
| MerckMRK | 0.3% | $116m | 900,152 | -7% |
| GE VernovaGEV | 0.3% | $114m | 97,097 | Held |
| LindeLIN | 0.3% | $112m | 216,254 | +2% |
| Procter & GamblePG | 0.3% | $110m | 752,643 | -2% |
| ChevronCVX | 0.3% | $109m | 655,499 | Held |
| Goldman Sachs GroupGS | 0.3% | $108m | 106,910 | Held |
| Coca-ColaKO | 0.3% | $105m | 1,286,824 | Held |
| NetflixNFLX | 0.3% | $104m | 1,461,959 | Held |
| Texas InstrumentsTXN | 0.3% | $100m | 336,411 | Held |
| Philip Morris InternationalPM | 0.3% | $99m | 549,782 | -4% |
| Palo Alto NetworksPANW | 0.3% | $99m | 290,348 | +11% |
| Avalonbay CommunitiesAVB | 0.3% | $94m | 496,514 | +8% |
| UBS Group AGUBS | 0.3% | $92m | 1,860,583 | -4% |
| Wells Fargo & CompanyWFC | 0.3% | $90m | 1,092,369 | Held |
| Marvell TechnologyMRVL | 0.3% | $89m | 299,623 | New |
| Morgan StanleyMS | 0.3% | $88m | 422,824 | Held |
| CitigroupC | 0.3% | $88m | 627,531 | Held |
| RTXRTX | 0.3% | $87m | 460,423 | -5% |
| International Business MachinesIBM | 0.3% | $86m | 306,846 | +3% |
| Palantir TechnologiesPLTR | 0.3% | $86m | 737,027 | Held |
| OracleORCL | 0.3% | $85m | 576,965 | +2% |
| Canadian Pacific Kansas CityCP | 0.2% | $84m | 969,670 | Held |
| Vivmark ResidentialVMRK | 0.2% | $84m | 1,231,163 | +3% |
| ShopifySHOP | 0.2% | $80m | 703,575 | -20% |
| ASML Holding NVASML | 0.2% | $80m | 40,282 | -4% |
| AmphenolAPH | 0.2% | $78m | 440,666 | +7% |
| Western DigitalWDC | 0.2% | $74m | 116,558 | -3% |
| Seagate Technology HoldingsSTX | 0.2% | $74m | 76,180 | +2% |
| Canadian Natural ResourcesCNQ | 0.2% | $72m | 1,814,164 | Held |
| Bank of Montreal /canBMO | 0.2% | $71m | 403,848 | Held |
| TC EnergyTRP | 0.2% | $69m | 1,046,144 | +78% |
| SeaSE | 0.2% | $69m | 717,356 | -4% |
| CorningGLW | 0.2% | $69m | 268,367 | -2% |
| S&P GlobalSPGI | 0.2% | $68m | 167,593 | -3% |
| PepsiCoPEP | 0.2% | $68m | 502,054 | Held |
| Essex Property TrustESS | 0.2% | $68m | 232,532 | +3% |
| NextEra EnergyNEE | 0.2% | $68m | 771,012 | Held |
| Analog DevicesADI | 0.2% | $67m | 169,891 | -7% |
| McDonald'sMCD | 0.2% | $67m | 248,396 | Held |
| CrowdStrike HoldingsCRWD | 0.2% | $67m | 87,307 | -3% |
| EnbridgeENB | 0.2% | $67m | 1,228,082 | Held |
| American ExpressAXP | 0.2% | $65m | 192,275 | Held |
| BoeingBA | 0.2% | $64m | 297,641 | +3% |
| Canadian National RailwayCNI | 0.2% | $64m | 537,896 | -3% |
| AmgenAMGN | 0.2% | $64m | 176,220 | -5% |
| TJX CompaniesTJX | 0.2% | $62m | 411,294 | Held |
| Simon Property GroupSPG | 0.2% | $62m | 278,514 | Held |
| Verizon CommunicationsVZ | 0.2% | $62m | 1,467,517 | Held |
Showing the largest 100 of 1,721.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 20.4% since 30 June 2025.
Where the money is
Technology28.0%
Financial services10.8%
Industrials8.2%
Retail & consumer7.1%
Health care6.9%
Media & telecom6.8%
Real estate4.8%
Everyday goods3.2%
Energy3.0%
Materials2.3%
Utilities2.0%
Other16.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.