State of Tennessee, Department of Treasury
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), State of Tennessee, Department of Treasury reported 1,712 stock positions worth $27.2 billion. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Apple (AAPL, 4.3%) and Nvidia (NVDA, 4.3%). Compared with Q1 2024, it opened 83 new positions, sold out of 59, added to 467 and reduced 786. The biggest buy was iShares MSCI Taiwan ETF (EWT, shares +2%) and the biggest sale iShares MSCI Brazil ETF (EWZ, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- NASHVILLE, TN
- CIK
- 0001587973
- Portfolio Value
- $27.2B (Q2 2024)
- SEC Filing
- 0001587973-24-000007 ↗ filed Aug 13, 2024
Holdings Value
Holdings 1,712 stocks · $27.2B
| MSFT Microsoft Corp. | 4.71% | 2,865,077 | $1.3B | Reduce -2.8% |
| AAPL Apple Inc. | 4.32% | 5,576,068 | $1.2B | Reduce -3.4% |
| NVDA Nvidia Corp. | 4.31% | 9,500,284 | $1.2B | Reduce -3.1% |
| EWT iShares MSCI Taiwan ETF | 3.17% | 15,910,837 | $862.2M | Add +2.4% |
| AMZN Amazon.com Inc. | 2.52% | 3,547,503 | $685.6M | Reduce -3.0% |
| VTI VG Morningstar TS MKT ETF-US | 2.35% | 2,391,882 | $639.9M | Add +0.3% |
| INDA iShares MSCI India ETF | 2.11% | 10,312,048 | $575.2M | Reduce -0.2% |
| EWY iShares MSCI South Korea ETF | 1.91% | 7,873,453 | $520.4M | Reduce -4.2% |
| META Meta Platforms Inc. Class A | 1.59% | 857,749 | $432.5M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 1.50% | 2,244,924 | $408.9M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 1.31% | 1,943,960 | $356.6M | Reduce -4.8% |
| VCIT Vanguard Int-Term Corporate | 1.11% | 3,780,222 | $302.2M | Add +4.9% |
| VEA Vanguard Ftse Developed ETF | 1.08% | 5,957,810 | $294.4M | Add +3.9% |
| MBB iShares MBS ETF | 1.07% | 3,185,752 | $292.5M | Add +4.9% |
| VCLT Vanguard Long-Term Corp. Bond | 1.06% | 3,805,685 | $288.7M | Add +5.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.05% | 703,415 | $286.1M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 1.03% | 309,621 | $280.3M | Reduce -2.1% |
| AVGO Broadcom Inc. | 1.01% | 170,460 | $273.7M | Reduce -2.9% |
| VOO Vanguard S&P 500 ETF | 1.00% | 543,639 | $271.9M | No change |
| INDY iShares India 50 ETF | 0.97% | 4,937,612 | $265.0M | Add +7.3% |
| JPM JPMorgan Chase & Co. | 0.85% | 1,137,101 | $230.0M | Reduce -5.6% |
| VNQ Vanguard Real Estate ETF | 0.78% | 2,518,951 | $211.0M | Add +2.1% |
| TSLA Tesla Inc. | 0.74% | 1,023,768 | $202.6M | Reduce -4.3% |
| XOM Exxon Mobil Corp. | 0.74% | 1,746,870 | $201.1M | Add +10.2% |
| PLD Prologis Inc. | 0.70% | 1,700,104 | $190.9M | Add +2.6% |
| EWZ iShares MSCI Brazil ETF | 0.69% | 6,848,710 | $187.2M | Reduce -1.9% |
| UNH Unitedhealth Group Inc. | 0.65% | 344,983 | $175.7M | Reduce -7.1% |
| V Visa Inc. Class A | 0.61% | 631,819 | $165.8M | Reduce -2.8% |
| SRLN SS Blackstone Sr Loan ETF | 0.61% | 3,946,765 | $165.0M | Add +3.0% |
| LIN Linde PLC | 0.57% | 355,471 | $156.0M | Reduce -3.3% |
| PG The Procter & Gamble Co. | 0.56% | 926,551 | $152.8M | Reduce -3.6% |
| COST Costco Wholesale Corp. | 0.54% | 171,411 | $145.7M | Reduce -3.7% |
| MA Mastercard Inc. Class A | 0.52% | 321,787 | $142.0M | Reduce -3.3% |
| JNJ Johnson & Johnson | 0.50% | 924,926 | $135.2M | Reduce -0.7% |
| HD Home Depot Inc. | 0.50% | 392,235 | $135.0M | Reduce -3.9% |
| ANGL Vaneck Fallen Angel High YLD | 0.49% | 4,690,200 | $132.7M | Reduce -7.5% |
| RACE Ferrari NV | 0.47% | 316,450 | $129.1M | Reduce -5.4% |
| MRK Merck & Co. Inc. | 0.46% | 1,011,862 | $125.3M | Reduce -3.2% |
| WMT Walmart Inc. | 0.45% | 1,794,935 | $121.5M | Reduce -3.2% |
| EZA iShares MSCI South Africa Et | 0.44% | 2,754,119 | $119.3M | No change |
| ABBV Abbvie Inc. | 0.43% | 684,505 | $117.4M | Reduce -2.4% |
| NFLX Netflix Inc. | 0.43% | 173,858 | $117.3M | Reduce -2.3% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.40% | 1,421,676 | $109.7M | Add +12.6% |
| CVX Chevron Corp. | 0.40% | 692,450 | $108.3M | Add +4.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 2,669,312 | $106.2M | Reduce -4.8% |
| ADBE Adobe Inc. | 0.38% | 186,063 | $103.4M | Add +0.8% |
| CRM Salesforce Inc. | 0.38% | 399,398 | $102.7M | Add +2.8% |
| KO The Coca-Cola Co. | 0.37% | 1,594,301 | $101.5M | Reduce -2.7% |
| AMD Advanced Micro Devices | 0.36% | 603,681 | $97.9M | Reduce -4.8% |
| MINT PIMCO Enhanced Short Maturit | 0.36% | 962,194 | $96.8M | Add +0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.32% | 157,052 | $86.8M | Reduce -5.0% |
| CP Canadian Pacific Kansas City | 0.32% | 1,102,211 | $86.8M | Reduce -7.2% |
| ORCL Oracle Corp. | 0.32% | 610,209 | $86.2M | Reduce -2.8% |
| RY Royal Bank of Canada | 0.32% | 806,673 | $85.9M | Add +1.6% |
| QCOM Qualcomm Inc. | 0.31% | 425,403 | $84.7M | Reduce -11.8% |
| SPGI S&P Global Inc. | 0.31% | 186,866 | $83.3M | Add +4.0% |
| PEP Pepsico Inc. | 0.31% | 505,064 | $83.3M | Reduce -7.2% |
| WFC Wells Fargo & Co. | 0.30% | 1,391,242 | $82.6M | Reduce -11.1% |
| CNI Canadian Natl Railway Co. | 0.29% | 656,970 | $77.6M | Reduce -1.1% |
| AMAT Applied Materials Inc. | 0.28% | 319,075 | $75.3M | Add +0.2% |
| GE General Electric filed as GE AEROSPACE | 0.27% | 469,479 | $74.6M | Reduce -2.7% |
| ACN Accenture PLC Class A | 0.27% | 240,465 | $73.0M | Reduce -3.9% |
| CSCO Cisco Systems Inc. | 0.27% | 1,525,741 | $72.5M | Reduce -2.9% |
| INTU Intuit Inc. | 0.26% | 109,053 | $71.7M | Reduce -2.5% |
| NOW ServiceNow Inc. | 0.26% | 90,531 | $71.2M | Add +12.5% |
| ABT Abbott Laboratories | 0.26% | 679,916 | $70.7M | Reduce -4.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 709,599 | $70.5M | Reduce -5.3% |
| MCD McDonald's Corp. | 0.26% | 275,857 | $70.3M | Reduce -6.7% |
| AMGN Amgen Inc. | 0.25% | 219,267 | $68.5M | Reduce -4.7% |
| VZ Verizon Communications Inc. | 0.25% | 1,652,124 | $68.1M | Reduce -3.9% |
| DHR Danaher Corp. | 0.25% | 268,678 | $67.1M | Reduce -8.6% |
| CNQ Canadian Natural Resources | 0.24% | 1,835,998 | $65.4M | No change |
| CAT Caterpillar Inc. | 0.24% | 192,730 | $64.2M | Reduce -7.6% |
| ISRG Intuitive Surgical Inc. | 0.23% | 143,697 | $63.9M | Reduce -1.4% |
| EIDO iShares MSCI Indonesia ETF | 0.23% | 3,286,897 | $63.3M | Reduce -4.5% |
| CMCSA Comcast Corp. Class A | 0.23% | 1,582,923 | $62.0M | Reduce -2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 357,403 | $61.8M | Reduce -2.8% |
| HON Honeywell International Inc. | 0.23% | 287,105 | $61.3M | Add +15.1% |
| UBER Uber Technologies Inc. | 0.22% | 838,769 | $61.0M | Reduce -4.5% |
| MU Micron Technology Inc. | 0.22% | 459,981 | $60.5M | Reduce -2.0% |
| TXN Texas Instruments Inc. | 0.22% | 310,544 | $60.4M | Add +9.8% |
| NEE Nextera Energy Inc. | 0.22% | 848,351 | $60.1M | Add +3.2% |
| GS Goldman Sachs Group Inc. | 0.22% | 132,618 | $60.0M | Reduce -8.8% |
| PFE Pfizer Inc. | 0.22% | 2,095,646 | $58.6M | Reduce -1.8% |
| RTX RTX Corp. | 0.21% | 581,778 | $58.4M | Reduce -1.0% |
| EWM iShares MSCI Malaysia ETF | 0.21% | 2,578,385 | $57.9M | Reduce -0.8% |
| UNP Union Pacific Corp. | 0.21% | 248,951 | $56.3M | Add +3.0% |
| COP Conocophillips | 0.21% | 490,256 | $56.1M | Reduce -2.8% |
| TD Toronto-Dominion Bank | 0.21% | 1,018,644 | $56.0M | Reduce -2.9% |
| AXP American Express Co. | 0.21% | 241,653 | $56.0M | Reduce -8.4% |
| AVB Avalonbay Communities Inc. | 0.21% | 270,334 | $55.9M | Add +2.7% |
| BKNG Booking Holdings Inc. | 0.20% | 14,000 | $55.5M | Reduce -2.7% |
| T AT&T Inc. | 0.20% | 2,799,560 | $53.5M | Reduce -2.8% |
| WCN Waste Connections Inc. | 0.20% | 304,577 | $53.4M | Add +1.3% |
| THD iShares MSCI Thailand ETF | 0.20% | 978,856 | $53.1M | Reduce -8.9% |
| PGR Progressive Corp. | 0.19% | 248,741 | $51.7M | Reduce -5.0% |
| ADI Analog Devices Inc. | 0.19% | 226,150 | $51.6M | Add +14.3% |
| PM Philip Morris International | 0.19% | 508,986 | $51.6M | Add +27.7% |
| ICLR Icon PLC | 0.19% | 162,087 | $50.8M | Add +1.1% |
| EWC iShares MSCI Canada ETF | 0.18% | 1,349,567 | $50.1M | Add +8.7% |
Portfolio Sells Q1 2024 → Q2 2024
| EWZ iShares MSCI Brazil ETF | Reduce -1.9% | 0.69% | −0.15 |
| EWY iShares MSCI South Korea ETF | Reduce -4.2% | 1.91% | −0.13 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.13 |
| INTC Intel Corp. | Reduce -9.9% | 0.18% | −0.11 |
| HD Home Depot Inc. | Reduce -3.9% | 0.50% | −0.08 |
| DIS The Walt Disney Co. | Reduce -5.3% | 0.26% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.0% | 1.05% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -3.3% | 0.52% | −0.07 |
| CP Canadian Pacific Kansas City | Reduce -7.2% | 0.32% | −0.07 |
| RACE Ferrari NV | Reduce -5.4% | 0.47% | −0.07 |
| AMD Advanced Micro Devices | Reduce -4.8% | 0.36% | −0.06 |
| V Visa Inc. Class A | Reduce -2.8% | 0.61% | −0.06 |
| LIN Linde PLC | Reduce -3.3% | 0.57% | −0.06 |
| MPC Marathon Petroleum Corp. | Reduce -29.5% | 0.09% | −0.06 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -7.5% | 0.49% | −0.06 |
| TRI Thomson Reuters Corp. | Reduce -45.3% | 0.08% | −0.06 |
| EIDO iShares MSCI Indonesia ETF | Reduce -4.5% | 0.23% | −0.05 |
| ACN Accenture PLC Class A | Reduce -3.9% | 0.27% | −0.05 |
| PCAR Paccar Inc. | Reduce -34.0% | 0.06% | −0.05 |
| MCD McDonald's Corp. | Reduce -6.7% | 0.26% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -8.6% | 0.11% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -3.2% | 0.46% | −0.05 |
| JNJ Johnson & Johnson | Reduce -0.7% | 0.50% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -5.6% | 0.85% | −0.05 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.05 |
| CAT Caterpillar Inc. | Reduce -7.6% | 0.24% | −0.05 |
| PEP Pepsico Inc. | Reduce -7.2% | 0.31% | −0.05 |
| AIRC Apartment Income REIT Co. | Sold out | 0.00% | −0.05 |
| MDT Medtronic PLC | Reduce -16.1% | 0.14% | −0.05 |
| WY Weyerhaeuser Co. | Reduce -75.6% | 0.01% | −0.04 |
| NSC Norfolk Southern Corp. | Reduce -32.4% | 0.05% | −0.04 |
| BLDR Builders Firstsource Inc. | Reduce -50.5% | 0.02% | −0.04 |
| ABBV Abbvie Inc. | Reduce -2.4% | 0.43% | −0.04 |
| NKE Nike Inc. Class B | Reduce -5.3% | 0.13% | −0.04 |
| ABT Abbott Laboratories | Reduce -4.7% | 0.26% | −0.04 |
| AME Ametek Inc. | Reduce -49.7% | 0.03% | −0.04 |
| GE General Electric | Reduce -2.7% | 0.27% | −0.04 |
| CNI Canadian Natl Railway Co. | Reduce -1.1% | 0.29% | −0.04 |
| AMT American Tower Corp. | Reduce -22.5% | 0.12% | −0.04 |
| SYK Stryker Corp. | Reduce -15.5% | 0.15% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -4.3% | 0.17% | −0.04 |
| THD iShares MSCI Thailand ETF | Reduce -8.9% | 0.20% | −0.04 |
| FAST Fastenal Co. | Reduce -43.2% | 0.03% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.0% | 0.32% | −0.04 |
| CCI Crown Castle Inc. | Reduce -45.6% | 0.04% | −0.04 |
| SPG Simon Property Group Inc. | Reduce -16.4% | 0.15% | −0.04 |
| NUE Nucor Corp. | Reduce -21.3% | 0.06% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -7.1% | 0.65% | −0.03 |
| SHOP Shopify Inc. Class A | Reduce -1.6% | 0.17% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -2.8% | 0.23% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| EWT iShares MSCI Taiwan ETF | Add +2.4% | 3.17% | +0.37 |
| SE Sea Ltd.-ADR | Add +440.6% | 0.14% | +0.12 |
| INDY iShares India 50 ETF | Add +7.3% | 0.97% | +0.12 |
| SPOT Spotify Technology SA | New | 0.09% | +0.09 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 2.35% | +0.06 |
| XOM Exxon Mobil Corp. | Add +10.2% | 0.74% | +0.06 |
| PM Philip Morris International | Add +27.7% | 0.19% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.05% | +0.05 |
| WELL Welltower Inc. | Add +79.8% | 0.09% | +0.05 |
| ADI Analog Devices Inc. | Add +14.3% | 0.19% | +0.05 |
| HUM Humana Inc. | Add +85.5% | 0.08% | +0.04 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +12.6% | 0.40% | +0.04 |
| TXN Texas Instruments Inc. | Add +9.8% | 0.22% | +0.04 |
| ALC Alcon Inc. | Add +35.2% | 0.13% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +4.9% | 1.11% | +0.04 |
| MBB iShares MBS ETF | Add +4.9% | 1.07% | +0.04 |
| ESS Essex Property Trust Inc. | Add +22.4% | 0.14% | +0.04 |
| HON Honeywell International Inc. | Add +15.1% | 0.23% | +0.04 |
| ADBE Adobe Inc. | Add +0.8% | 0.38% | +0.04 |
| NOW ServiceNow Inc. | Add +12.5% | 0.26% | +0.03 |
| SRE Sempra | Add +57.9% | 0.09% | +0.03 |
| SO The Southern Co. | Add +24.8% | 0.13% | +0.03 |
| AMAT Applied Materials Inc. | Add +0.2% | 0.28% | +0.03 |
| AEM Agnico Eagle Mines Ltd. | Add +40.8% | 0.10% | +0.03 |
| NEM Newmont Corp. | Add +110.3% | 0.05% | +0.03 |
| CAH Cardinal Health Inc. | Add +139.6% | 0.06% | +0.03 |
| JCI Johnson Controls Internation | Add +59.3% | 0.08% | +0.03 |
| JNK SS SPDR BB High Yield Bond | New | 0.03% | +0.03 |
| UAL United Airlines Holdings Inc. | Add +164.0% | 0.04% | +0.03 |
| NEE Nextera Energy Inc. | Add +3.2% | 0.22% | +0.03 |
| VTR Ventas Inc. | Add +167.3% | 0.04% | +0.03 |
| CL Colgate-Palmolive Co. | Add +13.2% | 0.15% | +0.03 |
| FDX FedEx Corp. | Add +30.6% | 0.10% | +0.03 |
| K Kellanova | Add +131.5% | 0.04% | +0.03 |
| MNDY Monday.com Ltd. | Add +33.0% | 0.09% | +0.03 |
| CPT Camden Property Trust | Add +24.9% | 0.09% | +0.03 |
| MRVL Marvell Technology Inc. | New | 0.03% | +0.03 |
| AVB Avalonbay Communities Inc. | Add +2.7% | 0.21% | +0.02 |
| SRPT Sarepta Therapeutics Inc. | New | 0.02% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +35.2% | 0.08% | +0.02 |
| J Jacobs Solutions Inc. | Add +92.5% | 0.06% | +0.02 |
| SPGI S&P Global Inc. | Add +4.0% | 0.31% | +0.02 |
| ANET Arista Networks Inc. | Add +0.9% | 0.13% | +0.02 |
| NOC Northrop Grumman Corp. | Add +43.3% | 0.10% | +0.02 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.02% | +0.02 |
| MRSH Marsh & McLennan Cos | Add +15.7% | 0.15% | +0.02 |
| DPZ Domino's Pizza Inc. | Add +121.7% | 0.04% | +0.02 |
| TPL Texas Pacific Land Corp. | New | 0.02% | +0.02 |
| PEG Public Service Enterprise GP | Add +31.7% | 0.07% | +0.02 |
| GD General Dynamics Corp. | Add +18.6% | 0.12% | +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 |