State of Tennessee, Department of Treasury
Institutional investor · Portfolio as of Q2 2026
Top Holdings1,721 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATION | 8.4M | $1.7B | 5.0% | $112.75 | +92.94% | 31 qtrssince 2018-Q4 | Decreased 0 |
APPLE INC | 5.1M | $1.5B | 4.4% | $95.31 | +235.44% | 31 qtrssince 2018-Q4 | Decreased 0 |
ISHARES INC | 5.3M | $1.1B | 3.2% | $53.57 | +236.36% | 31 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 2.6M | $960.3M | 2.9% | $112.30 | +357.29% | 31 qtrssince 2018-Q4 | Decreased 0 |
ISHARES INC | 7.8M | $846.9M | 2.5% | $30.80 | +250.33% | 31 qtrssince 2018-Q4 | Decreased 0 |
AMAZON COM INC | 3.4M | $802.9M | 2.4% | $111.27 | +139.44% | 31 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC | 2M | $713.5M | 2.1% | $105.81 | +227.55% | 31 qtrssince 2018-Q4 | Increased 54 |
BROADCOM INC | 1.6M | $617M | 1.8% | $157.70 | +133.86% | 31 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC | 1.6M | $582.4M | 1.7% | $95.75 | +258.11% | 31 qtrssince 2018-Q4 | Decreased 0 |
VANGUARD INDEX FDS | 1.5M | $560.5M | 1.7% | $194.73 | +94.82% | 31 qtrssince 2018-Q4 | Decreased 0 |
TAIWAN SEMICONDUCTOR MANUFAC | 1.1M | $511.1M | 1.5% | $317.62 | +31.45% | 3 qtrssince 2025-Q4 | Increased 49 |
MICRON TECHNOLOGY INC | 387,321 | $447.1M | 1.3% | $88.10 | +958.91% | 31 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC | 750,789 | $422.9M | 1.3% | $150.31 | +284.56% | 31 qtrssince 2018-Q4 | Decreased 0 |
TESLA INC | 965,345 | $406M | 1.2% | $258.31 | +35.01% | 23 qtrssince 2020-Q4 | Increased 49 |
PROLOGIS INC. | 2.6M | $350.1M | 1.0% | $98.25 | +43.20% | 31 qtrssince 2018-Q4 | Increased 49 |
ISHARES TR | 6.9M | $343M | 1.0% | $42.70 | +16.06% | 31 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 274,745 | $329.5M | 1.0% | $313.33 | +274.88% | 31 qtrssince 2018-Q4 | Increased 45 |
ADVANCED MICRO DEVICES INC | 563,368 | $327.3M | 1.0% | $79.45 | +485.98% | 31 qtrssince 2018-Q4 | Decreased 0 |
JPMORGAN CHASE & CO | 966,939 | $316.5M | 0.9% | $92.98 | +284.63% | 31 qtrssince 2018-Q4 | Decreased 0 |
BERKSHIRE HATHAWAY INC DEL | 617,646 | $309.1M | 0.9% | $267.59 | +88.72% | 31 qtrssince 2018-Q4 | Decreased 0 |
State of Tennessee, Department of Treasury manages $33.7B across 1721 positions as of Q2 2026. Top holdings: NVDA (5.0%), AAPL (4.4%), EWY (3.2%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 3.5/5.0.
Active quarter - 76 new positions, 76 exits, 474 increased. Top move: GOOGL (INCREASED, conviction 54). Portfolio: $33.7B across 1721 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR