State of Tennessee, Department of Treasury
Institutional investor · Portfolio as of Q1 2025
Top Holdings1,719 positions
APPLE INC | 5.3M | $1.2B | 4.5% | $44.24 | +399.04% | 26 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 2.6M | $991.3M | 3.8% | $109.51 | +238.81% | 26 qtrssince 2018-Q4 | Decreased 0 |
NVIDIA CORPORATION | 8.8M | $953.9M | 3.7% | $11.17 | +868.08% | 26 qtrssince 2018-Q4 | Decreased 0 |
ISHARES TR | 15.6M | $804.6M | 3.1% | $42.73 | +20.49% | 26 qtrssince 2018-Q4 | Increased 79 |
ISHARES INC | 16M | $758.8M | 2.9% | $30.16 | +50.51% | 26 qtrssince 2018-Q4 | Increased 55 |
AMAZON COM INC | 3.3M | $631.2M | 2.4% | $78.48 | +142.44% | 26 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC | 796,581 | $459.1M | 1.8% | $147.93 | +287.73% | 26 qtrssince 2018-Q4 | Increased 50 |
VANGUARD INDEX FDS | 1.7M | $456.6M | 1.8% | $187.08 | +44.41% | 26 qtrssince 2018-Q4 | Increased 52 |
ISHARES TR | 4.8M | $448.3M | 1.7% | $83.11 | +6.24% | 26 qtrssince 2018-Q4 | Decreased 0 |
ISHARES INC | 7.4M | $401.2M | 1.5% | $53.42 | -1.06% | 26 qtrssince 2018-Q4 | Increased 49 |
BERKSHIRE HATHAWAY INC DEL | 637,217 | $339.4M | 1.3% | $266.14 | +100.11% | 26 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC | 2.1M | $318M | 1.2% | $70.73 | +117.61% | 26 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 1.7M | $287.7M | 1.1% | $45.54 | +263.49% | 26 qtrssince 2018-Q4 | Increased 50 |
ALPHABET INC | 1.7M | $270.9M | 1.0% | $53.00 | +193.40% | 26 qtrssince 2018-Q4 | Decreased 0 |
SSGA ACTIVE ETF TR | 6.6M | $270.2M | 1.0% | $33.61 | +8.86% | 26 qtrssince 2018-Q4 | Increased 54 |
TESLA INC | 1M | $262.6M | 1.0% | $244.27 | +6.10% | 18 qtrssince 2020-Q4 | Increased 50 |
JPMORGAN CHASE & CO | 1M | $245.8M | 0.9% | $85.73 | +177.69% | 26 qtrssince 2018-Q4 | Decreased 0 |
ISHARES TR | 3M | $237.8M | 0.9% | $67.01 | +7.78% | 26 qtrssince 2018-Q4 | Increased 54 |
VANGUARD TAX-MANAGED FDS | 4.7M | $237.6M | 0.9% | $37.67 | +29.80% | 26 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 274,394 | $226.6M | 0.9% | $283.09 | +188.69% | 26 qtrssince 2018-Q4 | Decreased 0 |
State of Tennessee, Department of Treasury manages $26.1B across 1719 positions as of Q1 2025. Top holdings: AAPL (4.5%), MSFT (3.8%), NVDA (3.7%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 4/5.0.
Active quarter - 58 new positions, 76 exits, 476 increased. Top move: INDA (INCREASED, conviction 79). Portfolio: $26.1B across 1719 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
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