State of Tennessee, Department of Treasury
Institutional investor · Portfolio as of Q1 2026
Top Holdings1,721 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 8.4M | $1.5B | 4.9% | $112.75 | +59.69% | 30 qtrssince 2018-Q4 | Increased 58 |
APPLE INC | 5.1M | $1.3B | 4.4% | $95.31 | +165.81% | 30 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 2.6M | $955.8M | 3.2% | $112.38 | +259.42% | 30 qtrssince 2018-Q4 | Decreased 0 |
ISHARES MSCI SOUTH KOREA ETF | 6.2M | $762.6M | 2.6% | $53.57 | +147.02% | 30 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 3.4M | $702.7M | 2.4% | $111.27 | +87.59% | 30 qtrssince 2018-Q4 | Increased 55 |
ISHARES INC MSCI TAIWAN ETF | 9.6M | $681.2M | 2.3% | $30.80 | +131.46% | 30 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 2M | $569.7M | 1.9% | $103.87 | +192.27% | 30 qtrssince 2018-Q4 | Decreased 0 |
VANGUARD TOTAL STOCK MARKET VIPERS | 1.6M | $526.1M | 1.8% | $194.73 | +72.41% | 30 qtrssince 2018-Q4 | Increased 51 |
BROADCOM INC | 1.6M | $505.9M | 1.7% | $157.70 | +95.96% | 30 qtrssince 2018-Q4 | Increased 49 |
ALPHABET INC-CL C | 1.6M | $473.3M | 1.6% | $95.75 | +217.04% | 30 qtrssince 2018-Q4 | Increased 49 |
META PLATFORMS INC-CLASS A | 752,330 | $430.4M | 1.4% | $150.31 | +335.83% | 30 qtrssince 2018-Q4 | Increased 49 |
ISHARES MSCI INDIA ETF | 8.8M | $414.1M | 1.4% | $42.70 | +17.60% | 30 qtrssince 2018-Q4 | Decreased 0 |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 1.1M | $360.3M | 1.2% | $317.02 | +11.39% | 2 qtrssince 2025-Q4 | Increased 67 |
TESLA INC | 961,005 | $357.3M | 1.2% | $257.58 | +52.35% | 22 qtrssince 2020-Q4 | Increased 49 |
PROLOGIS INC | 2.6M | $341.4M | 1.1% | $98.23 | +43.54% | 30 qtrssince 2018-Q4 | Increased 53 |
BERKSHIRE HATHAWAY INC-CL B | 627,873 | $300.9M | 1.0% | $267.59 | +79.89% | 30 qtrssince 2018-Q4 | Increased 49 |
JPMORGAN CHASE & CO | 978,763 | $287.9M | 1.0% | $92.98 | +222.94% | 30 qtrssince 2018-Q4 | Decreased 0 |
VANGUARD FTSE DEVELOPED ETF | 4.2M | $270.6M | 0.9% | $38.06 | +75.03% | 30 qtrssince 2018-Q4 | Decreased 0 |
EXXON MOBIL CORP | 1.5M | $246.9M | 0.8% | $62.44 | +143.14% | 30 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 268,388 | $246.9M | 0.8% | $292.38 | +213.59% | 30 qtrssince 2018-Q4 | Increased 43 |
State of Tennessee, Department of Treasury manages $29.8B across 1721 positions as of Q1 2026. Top holdings: NVDA (4.9%), AAPL (4.4%), MSFT (3.2%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 3.5/5.0.
Active quarter - 53 new positions, 59 exits, 497 increased. Top move: TSM (INCREASED, conviction 67). Portfolio: $29.8B 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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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