State of Tennessee, Department of Treasury
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), State of Tennessee, Department of Treasury reported 1,721 stock positions worth $33.7 billion. Its top holding was Nvidia (NVDA) at 5.0% of the portfolio, followed by Apple (AAPL, 4.4%) and iShares MSCI South Korea ETF (EWY, 3.2%). Compared with Q1 2026, it opened 68 new positions, sold out of 71, added to 476 and reduced 997. The biggest buy was Invesco Senior Loan ETF (BKLN, shares +450%) and the biggest sale iShares MSCI India ETF (INDA, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- NASHVILLE, TN
- CIK
- 0001587973
- Portfolio Value
- $33.7B (Q2 2026)
- SEC Filing
- 0001587973-26-000006 ↗ filed Aug 14, 2026
Holdings Value
Holdings 1,721 stocks · $33.7B
| NVDA Nvidia Corp. | 4.99% | 8,391,486 | $1.7B | Reduce -0.3% |
| AAPL Apple Inc. | 4.37% | 5,078,446 | $1.5B | Reduce -0.5% |
| EWY iShares MSCI South Korea ETF | 3.15% | 5,259,477 | $1.1B | Reduce -15.2% |
| MSFT Microsoft Corp. | 2.85% | 2,574,513 | $960.3M | Reduce -0.3% |
| EWT iShares MSCI Taiwan ETF | 2.52% | 7,797,976 | $846.9M | Reduce -18.8% |
| AMZN Amazon.com Inc. | 2.39% | 3,368,678 | $802.9M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 2.12% | 1,996,414 | $713.5M | Add +0.8% |
| AVGO Broadcom Inc. | 1.83% | 1,633,240 | $617.0M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.73% | 1,648,248 | $582.4M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.67% | 1,514,680 | $560.5M | Reduce -7.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.52% | 1,070,212 | $511.1M | Add +0.4% |
| MU Micron Technology Inc. | 1.33% | 387,321 | $447.1M | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 1.26% | 750,789 | $422.9M | Reduce -0.2% |
| TSLA Tesla Inc. | 1.21% | 965,345 | $406.0M | Add +0.5% |
| PLD Prologis Inc. | 1.04% | 2,584,668 | $350.1M | Add +0.1% |
| INDA iShares MSCI India ETF | 1.02% | 6,945,050 | $343.0M | Reduce -21.4% |
| LLY Eli Lilly & Co. | 0.98% | 274,745 | $329.5M | Add +2.4% |
| AMD Advanced Micro Devices | 0.97% | 563,368 | $327.3M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.94% | 966,939 | $316.5M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.92% | 617,646 | $309.1M | Reduce -1.6% |
| VEA Vanguard Ftse Developed ETF | 0.84% | 3,979,237 | $283.5M | Reduce -5.8% |
| VCIT Vanguard Int-Term Corporate | 0.77% | 3,133,493 | $259.0M | Add +7.2% |
| MBB iShares MBS ETF | 0.75% | 2,654,254 | $250.9M | Add +7.1% |
| VCLT Vanguard Long-Term Corp. Bond | 0.75% | 3,332,943 | $250.8M | Add +5.7% |
| INTC Intel Corp. | 0.66% | 1,598,559 | $223.2M | Reduce -8.4% |
| JNJ Johnson & Johnson | 0.65% | 867,007 | $220.2M | Reduce -2.9% |
| V Visa Inc. Class A | 0.63% | 613,770 | $210.6M | Reduce -0.4% |
| VNQ Vanguard Real Estate ETF | 0.62% | 2,181,157 | $210.3M | Reduce -2.4% |
| AMAT Applied Materials Inc. | 0.61% | 284,484 | $205.7M | Reduce -7.4% |
| XOM Exxon Mobil Corp. | 0.59% | 1,458,177 | $199.4M | Add +0.2% |
| LRCX Lam Research Corp. | 0.57% | 441,754 | $191.4M | Add +5.0% |
| VOO Vanguard S&P 500 ETF | 0.57% | 277,910 | $190.9M | No change |
| FLIN Franklin Ftse India ETF | 0.55% | 5,232,424 | $186.1M | Add +0.4% |
| SRLN SS Blackstone Sr Loan ETF | 0.53% | 4,414,977 | $177.9M | Reduce -25.7% |
| EWZ iShares MSCI Brazil ETF | 0.53% | 5,133,240 | $177.1M | Reduce -13.5% |
| CAT Caterpillar Inc. | 0.51% | 161,321 | $171.8M | Reduce -2.4% |
| WMT Walmart Inc. | 0.51% | 1,501,695 | $170.1M | Reduce -0.2% |
| RY Royal Bank of Canada | 0.49% | 796,805 | $164.9M | Reduce -0.2% |
| EZA iShares MSCI South Africa Et | 0.48% | 2,579,219 | $163.0M | Reduce -6.3% |
| CSCO Cisco Systems Inc. | 0.48% | 1,373,295 | $161.3M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.47% | 629,148 | $158.3M | Reduce -1.8% |
| BKLN Invesco Senior Loan ETF | 0.44% | 7,286,366 | $148.4M | Add +449.7% |
| MA Mastercard Inc. Class A | 0.43% | 282,934 | $145.3M | Reduce -1.4% |
| COST Costco Wholesale Corp. | 0.41% | 147,517 | $138.0M | Reduce -1.1% |
| GE General Electric filed as GE AEROSPACE | 0.40% | 364,357 | $136.2M | Reduce -0.7% |
| KLAC KLA Corp. | 0.40% | 451,194 | $136.1M | Reduce -0.7% |
| BAC Bank of America Corp. | 0.39% | 2,285,494 | $130.2M | Reduce -1.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.38% | 1,585,012 | $126.8M | Add +77.3% |
| UNH Unitedhealth Group Inc. | 0.37% | 302,176 | $125.6M | Reduce -15.4% |
| HD Home Depot Inc. | 0.37% | 349,891 | $123.4M | Reduce -3.0% |
| SNDK Sandisk Corp. | 0.35% | 51,164 | $116.3M | Reduce -3.2% |
| TD Toronto-Dominion Bank | 0.34% | 954,371 | $116.0M | Add +0.2% |
| MRK Merck & Co. Inc. | 0.34% | 900,152 | $115.7M | Reduce -6.7% |
| GEV GE Vernova Inc. | 0.34% | 97,097 | $114.1M | Add +0.7% |
| LIN Linde PLC | 0.33% | 216,254 | $112.2M | Add +2.3% |
| PG The Procter & Gamble Co. | 0.33% | 752,643 | $110.4M | Reduce -2.2% |
| CVX Chevron Corp. | 0.32% | 655,499 | $108.7M | Reduce -0.7% |
| GS Goldman Sachs Group Inc. | 0.32% | 106,910 | $108.1M | Add +1.4% |
| KO The Coca-Cola Co. | 0.31% | 1,286,824 | $104.6M | Reduce -0.6% |
| NFLX Netflix Inc. | 0.31% | 1,461,959 | $104.4M | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.30% | 336,411 | $100.3M | Reduce -1.5% |
| PM Philip Morris International | 0.30% | 549,782 | $99.5M | Reduce -3.8% |
| PANW Palo Alto Networks Inc. | 0.29% | 290,348 | $99.0M | Add +10.9% |
| AVB Avalonbay Communities Inc. | 0.28% | 496,514 | $93.7M | Add +7.5% |
| UBS UBS Group AG-Reg | 0.27% | 1,860,583 | $92.4M | Reduce -3.9% |
| WFC Wells Fargo & Co. | 0.27% | 1,092,369 | $90.3M | Reduce -1.4% |
| MRVL Marvell Technology Inc. | 0.27% | 299,623 | $89.3M | New |
| MS Morgan Stanley | 0.26% | 422,824 | $88.4M | Add +1.3% |
| C Citigroup Inc. | 0.26% | 627,531 | $87.8M | Reduce -0.7% |
| RTX RTX Corp. | 0.26% | 460,423 | $87.4M | Reduce -4.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 306,846 | $86.3M | Add +2.9% |
| PLTR Palantir Technologies Inc. Class A | 0.26% | 737,027 | $86.0M | Add +0.5% |
| ORCL Oracle Corp. | 0.25% | 576,965 | $84.6M | Add +2.0% |
| CP Canadian Pacific Kansas City | 0.25% | 969,670 | $84.0M | Reduce -1.8% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.25% | 1,231,163 | $83.6M | Add +3.1% |
| SHOP Shopify Inc. Class A | 0.24% | 703,575 | $80.5M | Reduce -20.4% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.24% | 40,282 | $80.1M | Reduce -4.0% |
| APH Amphenol Corp. Class A | 0.23% | 440,666 | $77.7M | Add +7.3% |
| WDC Western Digital Corp. | 0.22% | 116,558 | $74.4M | Reduce -3.0% |
| STX Seagate Technology Holdings | 0.22% | 76,180 | $73.5M | Add +2.3% |
| CNQ Canadian Natural Resources | 0.21% | 1,814,164 | $71.8M | Reduce -1.6% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.21% | 403,848 | $71.4M | Add +0.4% |
| TRP TC Energy Corp. | 0.21% | 1,046,144 | $69.3M | Add +78.3% |
| SE Sea Ltd.-ADR | 0.20% | 717,356 | $68.7M | Reduce -4.0% |
| GLW Corning Inc. | 0.20% | 268,367 | $68.5M | Reduce -2.2% |
| SPGI S&P Global Inc. | 0.20% | 167,593 | $68.3M | Reduce -2.8% |
| PEP Pepsico Inc. | 0.20% | 502,054 | $68.0M | Reduce -0.7% |
| ESS Essex Property Trust Inc. | 0.20% | 232,532 | $67.8M | Add +2.9% |
| NEE Nextera Energy Inc. | 0.20% | 771,012 | $67.7M | Add +1.7% |
| ADI Analog Devices Inc. | 0.20% | 169,891 | $67.5M | Reduce -7.3% |
| MCD McDonald's Corp. | 0.20% | 248,396 | $67.1M | Reduce -0.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 87,307 | $66.6M | Reduce -3.2% |
| ENB Enbridge Inc. | 0.20% | 1,228,082 | $66.6M | No change |
| AXP American Express Co. | 0.19% | 192,275 | $65.0M | Reduce -0.7% |
| BA The Boeing Co. | 0.19% | 297,641 | $64.4M | Add +3.1% |
| CNI Canadian Natl Railway Co. | 0.19% | 537,896 | $64.2M | Reduce -3.1% |
| AMGN Amgen Inc. | 0.19% | 176,220 | $63.8M | Reduce -4.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 411,294 | $62.3M | Add +0.7% |
| SPG Simon Property Group Inc. | 0.19% | 278,514 | $62.3M | Reduce -1.3% |
| VZ Verizon Communications Inc. | 0.18% | 1,467,517 | $62.1M | Add +0.2% |
Portfolio Sells Q1 2026 → Q2 2026
| INDA iShares MSCI India ETF | Reduce -21.4% | 1.02% | −0.37 |
| MSFT Microsoft Corp. | Reduce -0.3% | 2.85% | −0.36 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -25.7% | 0.53% | −0.27 |
| EWZ iShares MSCI Brazil ETF | Reduce -13.5% | 0.53% | −0.24 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 1.26% | −0.19 |
| NFLX Netflix Inc. | Reduce -1.6% | 0.31% | −0.17 |
| SHYG iShares 0-5 YR HY Corp. Bond | Sold out | 0.00% | −0.17 |
| EZA iShares MSCI South Africa Et | Reduce -6.3% | 0.48% | −0.14 |
| CVX Chevron Corp. | Reduce -0.7% | 0.32% | −0.14 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −0.13 |
| WMT Walmart Inc. | Reduce -0.2% | 0.51% | −0.12 |
| SHOP Shopify Inc. Class A | Reduce -20.4% | 0.24% | −0.11 |
| JPST JPMorgan Ultra-Short Income | Sold out | 0.00% | −0.11 |
| HON Honeywell International Inc. | Reduce -7.7% | 0.07% | −0.11 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -7.6% | 1.67% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 0.92% | −0.09 |
| T AT&T Inc. | Reduce -0.8% | 0.15% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 0.41% | −0.09 |
| CNQ Canadian Natural Resources | Reduce -1.6% | 0.21% | −0.09 |
| FALN iShares Fallen Angels ETF | Sold out | 0.00% | −0.08 |
| JNJ Johnson & Johnson | Reduce -2.9% | 0.65% | −0.08 |
| EIDO iShares MSCI Indonesia ETF | Reduce -31.8% | 0.06% | −0.08 |
| ACN Accenture PLC Class A | Reduce -2.0% | 0.09% | −0.08 |
| VEA Vanguard Ftse Developed ETF | Reduce -5.8% | 0.84% | −0.07 |
| ABT Abbott Laboratories | Reduce -5.2% | 0.18% | −0.06 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.3% | 0.13% | −0.06 |
| CRM Salesforce Inc. | Reduce -7.1% | 0.14% | −0.06 |
| PEP Pepsico Inc. | Reduce -0.7% | 0.20% | −0.06 |
| COP Conocophillips | Reduce -0.7% | 0.14% | −0.06 |
| MCD McDonald's Corp. | Reduce -0.7% | 0.20% | −0.06 |
| BDX Becton Dickinson and Co. | Reduce -61.8% | 0.03% | −0.06 |
| EWM iShares MSCI Malaysia ETF | Reduce -20.3% | 0.12% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -8.9% | 0.16% | −0.06 |
| TTE Totalenergies SE | Reduce -21.1% | 0.08% | −0.06 |
| RTX RTX Corp. | Reduce -4.8% | 0.26% | −0.05 |
| BSX Boston Scientific Corp. | Reduce -4.4% | 0.07% | −0.05 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −0.05 |
| EPHE iShares MSCI Philippines ETF | Sold out | 0.00% | −0.05 |
| SU Suncor Energy Inc. | Reduce -2.4% | 0.12% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -1.4% | 0.43% | −0.05 |
| CME Cme Group Inc. | Reduce -3.9% | 0.08% | −0.05 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -6.7% | 0.34% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -2.2% | 0.33% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -11.3% | 0.18% | −0.05 |
| SPGI S&P Global Inc. | Reduce -2.8% | 0.20% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -5.1% | 0.10% | −0.04 |
| AZN Astrazeneca PLC | Reduce -12.1% | 0.13% | −0.04 |
| THD iShares MSCI Thailand ETF | Reduce -17.5% | 0.13% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -2.4% | 0.62% | −0.04 |
Portfolio Buys Q1 2026 → Q2 2026
| BKLN Invesco Senior Loan ETF | Add +449.7% | 0.44% | +0.35 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.4% | 1.52% | +0.31 |
| LRCX Lam Research Corp. | Add +5.0% | 0.57% | +0.27 |
| MRVL Marvell Technology Inc. | New | 0.27% | +0.27 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 2.12% | +0.20 |
| PANW Palo Alto Networks Inc. | Add +10.9% | 0.29% | +0.15 |
| LLY Eli Lilly & Co. | Add +2.4% | 0.98% | +0.15 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +77.3% | 0.38% | +0.14 |
| STX Seagate Technology Holdings | Add +2.3% | 0.22% | +0.12 |
| TRP TC Energy Corp. | Add +78.3% | 0.21% | +0.08 |
| DDOG Datadog Inc. Class A | Add +25.2% | 0.11% | +0.06 |
| APH Amphenol Corp. Class A | Add +7.3% | 0.23% | +0.06 |
| GEV GE Vernova Inc. | Add +0.7% | 0.34% | +0.06 |
| ELV Elevance Health Inc. | Add +90.2% | 0.10% | +0.06 |
| TD Toronto-Dominion Bank | Add +0.2% | 0.34% | +0.05 |
| DVN Devon Energy Corp. | Add +186.8% | 0.08% | +0.04 |
| FTNT Fortinet Inc. | Add +3.3% | 0.10% | +0.04 |
| QCOM Qualcomm Inc. | Add +1.0% | 0.18% | +0.04 |
| HUM Humana Inc. | Add +74.0% | 0.05% | +0.04 |
| VEEV Veeva Systems Inc. Class A | New | 0.03% | +0.03 |
| MS Morgan Stanley | Add +1.3% | 0.26% | +0.03 |
| ETN Eaton Corp. PLC | Add +15.4% | 0.18% | +0.03 |
| CCEP Coca-Cola Europacific Partne | Add +209.1% | 0.04% | +0.03 |
| BMO Bank of Montreal | Add +0.4% | 0.21% | +0.03 |
| APP AppLovin Corp. Class A | Add +9.6% | 0.14% | +0.03 |
| MNST Monster Beverage Corp. | Add +23.4% | 0.09% | +0.03 |
| WST West Pharmaceutical Services | Add +302.9% | 0.03% | +0.03 |
| EW Edwards Lifesciences Corp. | Add +83.9% | 0.06% | +0.03 |
| SRE Sempra | Add +93.6% | 0.07% | +0.03 |
| HPE Hewlett Packard Enterprise | Add +2.6% | 0.06% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +3.1% | 0.14% | +0.03 |
| AVB Avalonbay Communities Inc. | Add +7.5% | 0.28% | +0.02 |
| TT Trane Technologies PLC | Add +18.5% | 0.13% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +1.4% | 0.32% | +0.02 |
| ROKU Roku Inc. | New | 0.02% | +0.02 |
| DXCM Dexcom Inc. | Add +126.8% | 0.04% | +0.02 |
| BNS Bank of Nova Scotia | Add +1.1% | 0.18% | +0.02 |
| CRL Charles River Laboratories | Add +295.2% | 0.03% | +0.02 |
| GWW WW Grainger Inc. | Add +88.3% | 0.04% | +0.02 |
| CDE Coeur Mining Inc. | New | 0.02% | +0.02 |
| UPS United Parcel Service Class B | Add +36.8% | 0.08% | +0.02 |
| ZBH Zimmer Biomet Holdings Inc. | Add +193.5% | 0.03% | +0.02 |
| TXT Textron Inc. | Add +135.0% | 0.03% | +0.02 |
| NXPI NXP Semiconductors NV | Add +12.1% | 0.06% | +0.02 |
| DAL Delta Air Lines Inc. | Add +4.0% | 0.08% | +0.02 |
| ESS Essex Property Trust Inc. | Add +2.9% | 0.20% | +0.02 |
| KDP Keurig Dr Pepper Inc. | Add +44.2% | 0.05% | +0.02 |
| COR Cencora Inc. | Add +72.5% | 0.06% | +0.02 |
| DHI D.R. Horton Inc. | Add +53.9% | 0.04% | +0.02 |
| NTAP Netapp Inc. | Add +42.4% | 0.03% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,721 | $33.7B | NVDA, AAPL, EWY, MSFT, EWT |
| Q1 2026 | 1,721 | $29.8B | NVDA, AAPL, MSFT, EWY, AMZN |
| Q4 2025 | 1,727 | $31.3B | NVDA, AAPL, MSFT, EWT, EWY |
| Q3 2025 | 1,727 | $30.0B | NVDA, MSFT, AAPL, EWT, AMZN |
| Q2 2025 | 1,722 | $28.0B | NVDA, MSFT, AAPL, EWT, INDA |
| Q1 2025 | 1,719 | $26.1B | AAPL, MSFT, NVDA, INDA, EWT |
| Q4 2024 | 1,737 | $27.6B | AAPL, NVDA, MSFT, EWT, AMZN |
| Q3 2024 | 1,716 | $28.4B | AAPL, MSFT, NVDA, EWT, VTI |
| Q2 2024 | 1,712 | $27.2B | MSFT, AAPL, NVDA, EWT, AMZN |
| Q1 2024 | 1,685 | $27.0B | MSFT, AAPL, NVDA, EWT, AMZN |