State of Tennessee, Department of Treasury
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), State of Tennessee, Department of Treasury reported 1,685 stock positions worth $27.0 billion. Its top holding was Microsoft (MSFT) at 4.6% of the portfolio, followed by Apple (AAPL, 3.7%) and Nvidia (NVDA, 3.3%). Compared with Q4 2023, it opened 83 new positions, sold out of 54, added to 468 and reduced 954. The biggest buy was iShares MSCI Taiwan ETF (EWT, shares +32%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- NASHVILLE, TN
- CIK
- 0001587973
- Portfolio Value
- $27.0B (Q1 2024)
- SEC Filing
- 0001587973-24-000002 ↗ filed May 14, 2024
Holdings Value
Holdings 1,685 stocks · $27.0B
| MSFT Microsoft Corp. | 4.59% | 2,948,261 | $1.2B | Reduce -4.1% |
| AAPL Apple Inc. | 3.66% | 5,770,885 | $989.6M | Reduce -4.4% |
| NVDA Nvidia Corp. | 3.28% | 980,065 | $885.5M | Reduce -4.8% |
| EWT iShares MSCI Taiwan ETF | 2.80% | 15,533,605 | $756.2M | Add +32.1% |
| AMZN Amazon.com Inc. | 2.44% | 3,657,559 | $659.8M | Reduce -4.3% |
| VTI VG Morningstar TS MKT ETF-US | 2.29% | 2,384,154 | $619.6M | Reduce -6.3% |
| EWY iShares MSCI South Korea ETF | 2.04% | 8,220,668 | $551.7M | Add +4.0% |
| INDA iShares MSCI India ETF | 1.97% | 10,331,960 | $533.0M | Add +21.0% |
| META Meta Platforms Inc. Class A | 1.59% | 885,535 | $430.0M | Reduce -5.6% |
| GOOGL Alphabet Inc. Class A | 1.27% | 2,275,466 | $343.4M | Add +20.2% |
| GOOG Alphabet Inc. Class C | 1.15% | 2,041,739 | $310.9M | Reduce -23.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.13% | 724,823 | $304.8M | Reduce -1.6% |
| VCIT Vanguard Int-Term Corporate | 1.07% | 3,603,751 | $290.1M | Add +2.8% |
| VEA Vanguard Ftse Developed ETF | 1.06% | 5,732,083 | $287.6M | Reduce -2.0% |
| VCLT Vanguard Long-Term Corp. Bond | 1.05% | 3,618,948 | $283.1M | Add +5.4% |
| MBB iShares MBS ETF | 1.04% | 3,036,443 | $280.6M | Add +3.1% |
| VOO Vanguard S&P 500 ETF | 0.97% | 543,639 | $261.3M | No change |
| LLY Eli Lilly & Co. | 0.91% | 316,421 | $246.2M | Reduce -3.9% |
| JPM JPMorgan Chase & Co. | 0.89% | 1,205,111 | $241.4M | Reduce -5.7% |
| AVGO Broadcom Inc. | 0.86% | 175,598 | $232.7M | Reduce -5.2% |
| INDY iShares India 50 ETF | 0.86% | 4,602,274 | $232.1M | No change |
| EWZ iShares MSCI Brazil ETF | 0.84% | 6,979,330 | $226.3M | Reduce -7.7% |
| PLD Prologis Inc. | 0.80% | 1,657,084 | $215.8M | Add +0.7% |
| VNQ Vanguard Real Estate ETF | 0.79% | 2,466,502 | $213.3M | Add +6.2% |
| TSLA Tesla Inc. | 0.70% | 1,070,210 | $188.1M | Reduce -5.1% |
| XOM Exxon Mobil Corp. | 0.68% | 1,585,059 | $184.2M | Reduce -0.8% |
| UNH Unitedhealth Group Inc. | 0.68% | 371,305 | $183.7M | Reduce -1.1% |
| V Visa Inc. Class A | 0.67% | 649,709 | $181.3M | Reduce -11.1% |
| LIN Linde PLC | 0.63% | 367,509 | $170.6M | Reduce -1.7% |
| SRLN SS Blackstone Sr Loan ETF | 0.60% | 3,830,432 | $161.3M | Reduce -18.1% |
| MA Mastercard Inc. Class A | 0.59% | 332,681 | $160.2M | Reduce -2.5% |
| HD Home Depot Inc. | 0.58% | 408,261 | $156.6M | Reduce -5.8% |
| PG The Procter & Gamble Co. | 0.58% | 961,490 | $156.0M | Reduce -2.4% |
| JNJ Johnson & Johnson | 0.54% | 931,346 | $147.3M | Reduce -5.9% |
| ANGL Vaneck Fallen Angel High YLD | 0.54% | 5,071,600 | $147.2M | Add +28.9% |
| RACE Ferrari NV | 0.54% | 334,415 | $145.9M | Add +1.1% |
| MRK Merck & Co. Inc. | 0.51% | 1,045,006 | $137.9M | Reduce -2.3% |
| COST Costco Wholesale Corp. | 0.48% | 178,052 | $130.4M | Reduce -7.1% |
| ABBV Abbvie Inc. | 0.47% | 701,500 | $127.7M | Reduce -5.6% |
| CRM Salesforce Inc. | 0.43% | 388,585 | $117.0M | Reduce -8.6% |
| AMD Advanced Micro Devices | 0.42% | 634,250 | $114.5M | Reduce -4.6% |
| WMT Walmart Inc. | 0.41% | 1,854,395 | $111.6M | Reduce -5.0% |
| NFLX Netflix Inc. | 0.40% | 177,902 | $108.0M | Reduce -5.7% |
| EZA iShares MSCI South Africa Et | 0.40% | 2,754,119 | $107.9M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 2,803,369 | $106.3M | Reduce -6.1% |
| CP Canadian Pacific Kansas City | 0.39% | 1,187,256 | $104.7M | Add +1.6% |
| CVX Chevron Corp. | 0.39% | 661,793 | $104.4M | Reduce -1.0% |
| KO The Coca-Cola Co. | 0.37% | 1,637,852 | $100.2M | Reduce -0.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.36% | 1,263,002 | $98.2M | Add +1.4% |
| MINT PIMCO Enhanced Short Maturit | 0.36% | 960,700 | $96.6M | Add +175.1% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 165,373 | $96.1M | Add +3.9% |
| PEP Pepsico Inc. | 0.35% | 544,163 | $95.2M | Reduce -6.6% |
| ADBE Adobe Inc. | 0.34% | 184,491 | $93.1M | Reduce -9.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 749,165 | $91.7M | Reduce -3.2% |
| WFC Wells Fargo & Co. | 0.34% | 1,564,771 | $90.7M | Reduce -16.6% |
| CNI Canadian Natl Railway Co. | 0.32% | 664,461 | $87.6M | No change |
| ACN Accenture PLC Class A | 0.32% | 250,179 | $86.7M | Reduce -10.6% |
| GE General Electric | 0.31% | 482,320 | $84.7M | Reduce -21.2% |
| MCD McDonald's Corp. | 0.31% | 295,617 | $83.3M | Reduce -8.1% |
| QCOM Qualcomm Inc. | 0.30% | 482,405 | $81.7M | Reduce -4.2% |
| ABT Abbott Laboratories | 0.30% | 713,731 | $81.1M | Reduce -5.0% |
| RY Royal Bank of Canada | 0.30% | 794,392 | $80.2M | No change |
| ORCL Oracle Corp. | 0.29% | 627,800 | $78.9M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 0.29% | 1,570,655 | $78.4M | Reduce -6.6% |
| EIDO iShares MSCI Indonesia ETF | 0.29% | 3,440,909 | $77.5M | Add +5.0% |
| INTC Intel Corp. | 0.28% | 1,730,894 | $76.5M | Reduce -3.5% |
| SPGI S&P Global Inc. | 0.28% | 179,653 | $76.4M | Reduce -2.4% |
| CAT Caterpillar Inc. | 0.28% | 208,561 | $76.4M | Add +11.7% |
| DHR Danaher Corp. | 0.27% | 293,816 | $73.4M | Reduce -1.0% |
| INTU Intuit Inc. | 0.27% | 111,868 | $72.7M | Reduce -2.7% |
| VZ Verizon Communications Inc. | 0.27% | 1,719,765 | $72.2M | Reduce -3.7% |
| CMCSA Comcast Corp. Class A | 0.26% | 1,627,912 | $70.6M | Reduce -7.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 367,651 | $70.2M | Add +4.4% |
| CNQ Canadian Natural Resources | 0.26% | 917,466 | $70.1M | Add +10.5% |
| UBER Uber Technologies Inc. | 0.25% | 878,449 | $67.6M | Reduce -3.9% |
| AMAT Applied Materials Inc. | 0.24% | 318,421 | $65.7M | Reduce -6.7% |
| AMGN Amgen Inc. | 0.24% | 230,011 | $65.4M | Reduce -1.1% |
| COP Conocophillips | 0.24% | 504,199 | $64.2M | Add +2.1% |
| TD Toronto-Dominion Bank | 0.23% | 1,049,355 | $63.4M | No change |
| THD iShares MSCI Thailand ETF | 0.23% | 1,074,444 | $62.8M | Reduce -2.1% |
| NOW ServiceNow Inc. | 0.23% | 80,492 | $61.4M | Add +5.1% |
| GS Goldman Sachs Group Inc. | 0.22% | 145,356 | $60.7M | Reduce -9.1% |
| AXP American Express Co. | 0.22% | 263,790 | $60.1M | Reduce -21.2% |
| UNP Union Pacific Corp. | 0.22% | 241,763 | $59.5M | Reduce -16.3% |
| PFE Pfizer Inc. | 0.22% | 2,133,007 | $59.2M | Reduce -3.3% |
| ISRG Intuitive Surgical Inc. | 0.21% | 145,666 | $58.1M | Reduce -6.8% |
| RTX RTX Corp. | 0.21% | 587,563 | $57.3M | Add +31.5% |
| LOW Lowe's Cos Inc. | 0.21% | 224,578 | $57.2M | Add +2.5% |
| EWM iShares MSCI Malaysia ETF | 0.21% | 2,598,215 | $56.6M | Reduce -2.3% |
| SHOP Shopify Inc. Class A | 0.20% | 717,635 | $55.4M | No change |
| MU Micron Technology Inc. | 0.20% | 469,199 | $55.3M | Reduce -21.6% |
| CI The Cigna Group | 0.20% | 149,198 | $54.2M | Add +29.4% |
| PGR Progressive Corp. | 0.20% | 261,779 | $54.1M | Reduce -8.7% |
| ICLR Icon PLC | 0.20% | 160,392 | $53.9M | Add +3.0% |
| ETN Eaton Corp. PLC | 0.20% | 170,599 | $53.3M | Reduce -21.4% |
| NEE Nextera Energy Inc. | 0.19% | 821,903 | $52.5M | Add +10.7% |
| BKNG Booking Holdings Inc. | 0.19% | 14,394 | $52.2M | Reduce -6.4% |
| WCN Waste Connections Inc. | 0.19% | 300,778 | $51.7M | Add +1.5% |
| HON Honeywell International Inc. | 0.19% | 249,344 | $51.2M | Add +10.5% |
| SYK Stryker Corp. | 0.19% | 142,523 | $51.0M | Add +0.5% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -4.4% | 3.66% | −0.90 |
| TSLA Tesla Inc. | Reduce -5.1% | 0.70% | −0.40 |
| GOOG Alphabet Inc. Class C | Reduce -23.1% | 1.15% | −0.32 |
| EWZ iShares MSCI Brazil ETF | Reduce -7.7% | 0.84% | −0.20 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -18.1% | 0.60% | −0.17 |
| JPST JPMorgan Ultra-Short Income | Sold out | 0.00% | −0.16 |
| ADBE Adobe Inc. | Reduce -9.8% | 0.34% | −0.13 |
| XLK SS Technology Select Sector | Reduce -69.9% | 0.06% | −0.13 |
| BA The Boeing Co. | Reduce -19.0% | 0.16% | −0.12 |
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 0.68% | −0.10 |
| NKE Nike Inc. Class B | Reduce -16.3% | 0.17% | −0.08 |
| V Visa Inc. Class A | Reduce -11.1% | 0.67% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.3% | 2.29% | −0.07 |
| INTC Intel Corp. | Reduce -3.5% | 0.28% | −0.07 |
| CVS CVS Health Corp. | Reduce -33.3% | 0.12% | −0.07 |
| AIZ Assurant Inc. | Reduce -81.5% | 0.02% | −0.07 |
| MCD McDonald's Corp. | Reduce -8.1% | 0.31% | −0.07 |
| ACN Accenture PLC Class A | Reduce -10.6% | 0.32% | −0.06 |
| JNJ Johnson & Johnson | Reduce -5.9% | 0.54% | −0.06 |
| HUM Humana Inc. | Reduce -43.8% | 0.04% | −0.06 |
| LULU Lululemon Athletica Inc. | Reduce -26.9% | 0.07% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -20.7% | 0.15% | −0.06 |
| MRSH Marsh & McLennan Cos | Reduce -33.5% | 0.13% | −0.06 |
| UNP Union Pacific Corp. | Reduce -16.3% | 0.22% | −0.06 |
| ADM Archer-Daniels-Midland Co. | Reduce -46.4% | 0.04% | −0.05 |
| BNY Bank of New York Mellon Corp. | Reduce -43.1% | 0.08% | −0.05 |
| PODD Insulet Corp. | Reduce -84.7% | 0.01% | −0.05 |
| PH Parker Hannifin Corp. | Reduce -35.7% | 0.13% | −0.05 |
| AMT American Tower Corp. | Reduce -9.9% | 0.16% | −0.04 |
| ZTS Zoetis Inc. | Reduce -12.2% | 0.11% | −0.04 |
| FPE FT-Preferred Secur & Inc. ETF | Sold out | 0.00% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -6.6% | 0.29% | −0.04 |
| THD iShares MSCI Thailand ETF | Reduce -2.1% | 0.23% | −0.04 |
| TTWO Take-Two Interactive Softwre | Reduce -67.2% | 0.02% | −0.04 |
| SO The Southern Co. | Reduce -26.7% | 0.10% | −0.04 |
| BG Bunge Global SA | Reduce -82.7% | 0.01% | −0.04 |
| HWM Howmet Aerospace Inc. | Reduce -49.3% | 0.06% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -32.4% | 0.08% | −0.04 |
| AMP Ameriprise Financial Inc. | Reduce -37.3% | 0.09% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -7.1% | 0.26% | −0.04 |
| PPG PPG Industries Inc. | Reduce -30.8% | 0.07% | −0.04 |
| PHM Pultegroup Inc. | Reduce -43.9% | 0.06% | −0.04 |
| PCAR Paccar Inc. | Reduce -37.1% | 0.11% | −0.04 |
| SRE Sempra | Reduce -35.9% | 0.05% | −0.04 |
| HES Hess Corp. | Reduce -33.8% | 0.07% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -14.6% | 0.13% | −0.04 |
| PEP Pepsico Inc. | Reduce -6.6% | 0.35% | −0.04 |
| SPGI S&P Global Inc. | Reduce -2.4% | 0.28% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.0% | 1.06% | −0.04 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -56.5% | 0.02% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| EWT iShares MSCI Taiwan ETF | Add +32.1% | 2.80% | +0.68 |
| INDA iShares MSCI India ETF | Add +21.0% | 1.97% | +0.34 |
| GOOGL Alphabet Inc. Class A | Add +20.2% | 1.27% | +0.23 |
| MINT PIMCO Enhanced Short Maturit | Add +175.1% | 0.36% | +0.22 |
| RACE Ferrari NV | Add +1.1% | 0.54% | +0.10 |
| ANGL Vaneck Fallen Angel High YLD | Add +28.9% | 0.54% | +0.10 |
| CAT Caterpillar Inc. | Add +11.7% | 0.28% | +0.07 |
| CI The Cigna Group | Add +29.4% | 0.20% | +0.07 |
| RTX RTX Corp. | Add +31.5% | 0.21% | +0.06 |
| MNDY Monday.com Ltd. | New | 0.06% | +0.06 |
| TRV The Travelers Cos Inc. | Add +190.5% | 0.09% | +0.06 |
| ADP Automatic Data Processing | Add +69.2% | 0.14% | +0.06 |
| EMR Emerson Electric Co. | Add +87.1% | 0.10% | +0.05 |
| D Dominion Energy Inc. | Add +126.5% | 0.09% | +0.05 |
| PRU Prudential Financial Inc. | Add +187.6% | 0.07% | +0.05 |
| MAS Masco Corp. | Add +455.3% | 0.06% | +0.05 |
| FLUT Flutter Entertainment PLC-Di | New | 0.05% | +0.05 |
| FTV Fortive Corp. | Add +257.4% | 0.06% | +0.05 |
| MO Altria Group Inc. | Add +79.7% | 0.10% | +0.05 |
| CNQ Canadian Natural Resources | Add +10.5% | 0.26% | +0.04 |
| EFX Equifax Inc. | Add +233.0% | 0.06% | +0.04 |
| BX Blackstone Inc. | Add +57.3% | 0.13% | +0.04 |
| PWR Quanta Services Inc. | Add +124.8% | 0.07% | +0.04 |
| C Citigroup Inc. | Add +12.9% | 0.17% | +0.04 |
| CMI Cummins Inc. | Add +150.6% | 0.06% | +0.04 |
| DFS Discover Financial Services | Add +190.9% | 0.06% | +0.04 |
| ALL Allstate Corp. | Add +128.3% | 0.06% | +0.04 |
| TROW T Rowe Price Group Inc. | Add +128.8% | 0.06% | +0.04 |
| ADI Analog Devices Inc. | Add +42.2% | 0.14% | +0.04 |
| DOV Dover Corp. | Add +246.0% | 0.05% | +0.04 |
| GEHC GE Healthcare Technology | Add +94.1% | 0.07% | +0.04 |
| ICE Intercontinental Exchange Inc. | Add +47.9% | 0.11% | +0.04 |
| RF Regions Financial Corp. | Add +304.1% | 0.05% | +0.03 |
| IBM Intl Business Machines Corp. | Add +4.4% | 0.26% | +0.03 |
| USB US Bancorp | Add +57.0% | 0.10% | +0.03 |
| AME Ametek Inc. | Add +72.3% | 0.07% | +0.03 |
| ECL Ecolab Inc. | Add +23.7% | 0.12% | +0.03 |
| AJG Arthur J Gallagher & Co. | Add +97.2% | 0.06% | +0.03 |
| DAL Delta Air Lines Inc. | Add +54.4% | 0.07% | +0.03 |
| JNPR Juniper Networks Inc. | Add +418.7% | 0.04% | +0.03 |
| F Ford Motor Co. | Add +96.3% | 0.06% | +0.03 |
| APH Amphenol Corp. Class A | Add +27.6% | 0.10% | +0.03 |
| FE Firstenergy Corp. | Add +159.9% | 0.05% | +0.03 |
| ALLE Allegion PLC | Add +413.5% | 0.04% | +0.03 |
| CL Colgate-Palmolive Co. | Add +21.4% | 0.12% | +0.03 |
| FCX Freeport-McMoran Inc. | Add +38.6% | 0.09% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.9% | 0.14% | +0.03 |
| ICLR Icon PLC | Add +3.0% | 0.20% | +0.03 |
| HST Host Hotels & Resorts Inc. | Add +186.2% | 0.04% | +0.03 |
| LRCX Lam Research Corp. | Add +0.6% | 0.17% | +0.03 |
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 |