State of Tennessee, Department of Treasury
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), State of Tennessee, Department of Treasury reported 1,716 stock positions worth $28.4 billion. Its top holding was Apple (AAPL) at 4.6% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Nvidia (NVDA, 4.0%). Compared with Q2 2024, it opened 58 new positions, sold out of 55, added to 476 and reduced 1,003. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- NASHVILLE, TN
- CIK
- 0001587973
- Portfolio Value
- $28.4B (Q3 2024)
- SEC Filing
- 0001587973-24-000011 ↗ filed Nov 14, 2024
Holdings Value
Holdings 1,716 stocks · $28.4B
| AAPL Apple Inc. | 4.58% | 5,589,818 | $1.3B | Add +0.3% |
| MSFT Microsoft Corp. | 4.22% | 2,788,675 | $1.2B | Reduce -2.7% |
| NVDA Nvidia Corp. | 3.96% | 9,285,401 | $1.1B | Reduce -2.3% |
| EWT iShares MSCI Taiwan ETF | 2.92% | 15,396,183 | $829.4M | Reduce -3.2% |
| VTI VG Morningstar TS MKT ETF-US | 2.48% | 2,489,669 | $705.0M | Add +4.1% |
| AMZN Amazon.com Inc. | 2.29% | 3,493,858 | $651.0M | Reduce -1.5% |
| INDA iShares MSCI India ETF | 2.26% | 10,971,027 | $642.1M | Add +6.4% |
| EWY iShares MSCI South Korea ETF | 1.72% | 7,660,452 | $490.0M | Reduce -2.7% |
| META Meta Platforms Inc. Class A | 1.68% | 833,943 | $477.4M | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 1.29% | 2,209,494 | $366.4M | Reduce -1.6% |
| VCIT Vanguard Int-Term Corporate | 1.16% | 3,924,208 | $328.7M | Add +3.8% |
| VEA Vanguard Ftse Developed ETF | 1.14% | 6,148,202 | $324.7M | Add +3.2% |
| MBB iShares MBS ETF | 1.12% | 3,320,848 | $318.2M | Add +4.2% |
| VCLT Vanguard Long-Term Corp. Bond | 1.12% | 3,916,512 | $318.1M | Add +2.9% |
| GOOG Alphabet Inc. Class C | 1.11% | 1,887,367 | $315.5M | Reduce -2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.10% | 678,628 | $312.3M | Reduce -3.5% |
| AVGO Broadcom Inc. | 1.07% | 1,766,395 | $304.7M | Add +3.6% |
| VOO Vanguard S&P 500 ETF | 1.01% | 543,639 | $286.9M | No change |
| INDY iShares India 50 ETF | 0.97% | 4,879,416 | $274.7M | Reduce -1.2% |
| TSLA Tesla Inc. | 0.95% | 1,037,570 | $271.5M | Add +1.4% |
| LLY Eli Lilly & Co. | 0.93% | 298,668 | $264.6M | Reduce -3.5% |
| EWZ iShares MSCI Brazil ETF | 0.80% | 7,759,384 | $228.8M | Add +13.3% |
| JPM JPMorgan Chase & Co. | 0.80% | 1,081,415 | $228.0M | Reduce -4.9% |
| VNQ Vanguard Real Estate ETF | 0.80% | 2,328,784 | $226.9M | Reduce -7.5% |
| XOM Exxon Mobil Corp. | 0.73% | 1,776,468 | $208.2M | Add +1.7% |
| PLD Prologis Inc. | 0.73% | 1,648,026 | $208.1M | Reduce -3.1% |
| UNH Unitedhealth Group Inc. | 0.69% | 334,134 | $195.4M | Reduce -3.1% |
| V Visa Inc. Class A | 0.59% | 612,931 | $168.5M | Reduce -3.0% |
| SRLN SS Blackstone Sr Loan ETF | 0.56% | 3,808,247 | $159.0M | Reduce -3.5% |
| PG The Procter & Gamble Co. | 0.55% | 898,734 | $155.7M | Reduce -3.0% |
| HD Home Depot Inc. | 0.54% | 380,266 | $154.1M | Reduce -3.0% |
| LIN Linde PLC | 0.54% | 322,332 | $153.7M | Reduce -9.3% |
| MA Mastercard Inc. Class A | 0.54% | 309,103 | $152.6M | Reduce -3.9% |
| JNJ Johnson & Johnson | 0.51% | 900,961 | $146.0M | Reduce -2.6% |
| ANGL Vaneck Fallen Angel High YLD | 0.51% | 4,934,200 | $145.1M | Add +5.2% |
| COST Costco Wholesale Corp. | 0.51% | 162,383 | $144.0M | Reduce -5.3% |
| RACE Ferrari NV | 0.49% | 297,586 | $139.4M | Reduce -6.0% |
| EZA iShares MSCI South Africa Et | 0.49% | 2,754,119 | $138.8M | No change |
| WMT Walmart Inc. | 0.48% | 1,680,071 | $135.7M | Reduce -6.4% |
| ABBV Abbvie Inc. | 0.47% | 679,388 | $134.2M | Reduce -0.8% |
| NFLX Netflix Inc. | 0.43% | 171,931 | $121.9M | Reduce -1.1% |
| MINT PIMCO Enhanced Short Maturit | 0.39% | 1,111,600 | $111.9M | Add +15.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.39% | 1,389,985 | $111.6M | Reduce -2.2% |
| KO The Coca-Cola Co. | 0.39% | 1,550,913 | $111.4M | Reduce -2.7% |
| MRK Merck & Co. Inc. | 0.39% | 969,812 | $110.1M | Reduce -4.2% |
| CRM Salesforce Inc. | 0.38% | 395,211 | $108.2M | Reduce -1.1% |
| ORCL Oracle Corp. | 0.36% | 593,879 | $101.2M | Reduce -2.7% |
| RY Royal Bank of Canada | 0.36% | 809,125 | $101.1M | Add +0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 2,533,341 | $100.5M | Reduce -5.1% |
| AMD Advanced Micro Devices | 0.35% | 605,791 | $99.4M | Add +0.3% |
| ADBE Adobe Inc. | 0.35% | 189,564 | $98.2M | Add +1.9% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 155,721 | $96.3M | Reduce -0.8% |
| SPGI S&P Global Inc. | 0.34% | 185,929 | $96.1M | Reduce -0.5% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 474,099 | $89.4M | Add +1.0% |
| MCD McDonald's Corp. | 0.30% | 279,385 | $85.1M | Add +1.3% |
| CP Canadian Pacific Kansas City | 0.29% | 959,777 | $82.1M | Reduce -12.9% |
| CSCO Cisco Systems Inc. | 0.29% | 1,524,892 | $81.2M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.29% | 392,582 | $81.1M | Add +26.4% |
| PEP Pepsico Inc. | 0.28% | 476,626 | $81.1M | Reduce -5.6% |
| CVX Chevron Corp. | 0.28% | 549,242 | $80.9M | Reduce -20.7% |
| NOW ServiceNow Inc. | 0.28% | 87,726 | $78.5M | Reduce -3.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 342,868 | $75.8M | Reduce -4.1% |
| EIDO iShares MSCI Indonesia ETF | 0.27% | 3,366,945 | $75.8M | Add +2.4% |
| ACN Accenture PLC Class A | 0.26% | 212,791 | $75.2M | Reduce -11.5% |
| PM Philip Morris International | 0.26% | 618,550 | $75.1M | Add +21.5% |
| CNI Canadian Natl Railway Co. | 0.26% | 634,933 | $74.4M | Reduce -3.4% |
| WFC Wells Fargo & Co. | 0.26% | 1,307,942 | $73.9M | Reduce -6.0% |
| CAT Caterpillar Inc. | 0.26% | 186,403 | $72.9M | Reduce -3.3% |
| DHR Danaher Corp. | 0.26% | 260,852 | $72.5M | Reduce -2.9% |
| ABT Abbott Laboratories | 0.25% | 623,795 | $71.1M | Reduce -8.3% |
| GS Goldman Sachs Group Inc. | 0.25% | 141,692 | $70.2M | Add +6.8% |
| VZ Verizon Communications Inc. | 0.25% | 1,558,369 | $70.0M | Reduce -5.7% |
| EWM iShares MSCI Malaysia ETF | 0.24% | 2,537,765 | $68.6M | Reduce -1.6% |
| NEE Nextera Energy Inc. | 0.24% | 810,012 | $68.5M | Reduce -4.5% |
| THD iShares MSCI Thailand ETF | 0.24% | 978,666 | $67.8M | Reduce -0.0% |
| ISRG Intuitive Surgical Inc. | 0.24% | 136,759 | $67.2M | Reduce -4.8% |
| INTU Intuit Inc. | 0.23% | 107,656 | $66.9M | Reduce -1.3% |
| QCOM Qualcomm Inc. | 0.23% | 391,574 | $66.6M | Reduce -8.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.23% | 679,129 | $65.3M | Reduce -4.3% |
| RTX RTX Corp. | 0.23% | 537,237 | $65.1M | Reduce -7.7% |
| PFE Pfizer Inc. | 0.23% | 2,230,552 | $64.6M | Add +6.4% |
| AXP American Express Co. | 0.23% | 237,299 | $64.4M | Reduce -1.8% |
| AMGN Amgen Inc. | 0.23% | 199,697 | $64.3M | Reduce -8.9% |
| TD Toronto-Dominion Bank | 0.22% | 997,982 | $63.2M | Reduce -2.0% |
| UBER Uber Technologies Inc. | 0.22% | 826,754 | $62.1M | Reduce -1.4% |
| AMAT Applied Materials Inc. | 0.22% | 306,356 | $61.9M | Reduce -4.0% |
| CMCSA Comcast Corp. Class A | 0.21% | 1,444,296 | $60.3M | Reduce -8.8% |
| CNQ Canadian Natural Resources | 0.21% | 1,803,118 | $59.9M | Reduce -1.8% |
| T AT&T Inc. | 0.21% | 2,714,474 | $59.7M | Reduce -3.0% |
| UNP Union Pacific Corp. | 0.21% | 242,161 | $59.7M | Reduce -2.7% |
| BKNG Booking Holdings Inc. | 0.21% | 13,883 | $58.5M | Reduce -0.8% |
| SHOP Shopify Inc. Class A | 0.20% | 712,732 | $57.2M | Add +1.0% |
| LOW Lowe's Cos Inc. | 0.20% | 207,416 | $56.2M | Reduce -3.5% |
| PGR Progressive Corp. | 0.20% | 218,818 | $55.5M | Reduce -12.0% |
| AVB Avalonbay Communities Inc. | 0.19% | 242,021 | $54.5M | Reduce -10.5% |
| EWC iShares MSCI Canada ETF | 0.19% | 1,296,677 | $53.8M | Reduce -3.9% |
| LMT Lockheed Martin Corp. | 0.18% | 89,880 | $52.5M | Add +10.3% |
| ADI Analog Devices Inc. | 0.18% | 223,909 | $51.5M | Reduce -1.0% |
| SE Sea Ltd.-ADR | 0.18% | 542,484 | $51.1M | Add +3.3% |
| ENB Enbridge Inc. | 0.18% | 1,245,360 | $50.6M | Add +2.0% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -2.7% | 4.22% | −0.49 |
| NVDA Nvidia Corp. | Reduce -2.3% | 3.96% | −0.35 |
| EWT iShares MSCI Taiwan ETF | Reduce -3.2% | 2.92% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -1.5% | 2.29% | −0.23 |
| GOOGL Alphabet Inc. Class A | Reduce -1.6% | 1.29% | −0.21 |
| GOOG Alphabet Inc. Class C | Reduce -2.9% | 1.11% | −0.20 |
| EWY iShares MSCI South Korea ETF | Reduce -2.7% | 1.72% | −0.19 |
| CVX Chevron Corp. | Reduce -20.7% | 0.28% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -3.5% | 0.93% | −0.10 |
| QCOM Qualcomm Inc. | Reduce -8.0% | 0.23% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -4.2% | 0.39% | −0.07 |
| MU Micron Technology Inc. | Reduce -8.6% | 0.15% | −0.07 |
| INTC Intel Corp. | Reduce -11.2% | 0.11% | −0.06 |
| AMAT Applied Materials Inc. | Reduce -4.0% | 0.22% | −0.06 |
| HON Honeywell International Inc. | Reduce -15.8% | 0.18% | −0.05 |
| SNPS Synopsys Inc. | Reduce -30.3% | 0.06% | −0.05 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -3.5% | 0.56% | −0.05 |
| HUM Humana Inc. | Reduce -44.3% | 0.04% | −0.05 |
| EPU iShares MSCI Peru and Global | Sold out | 0.00% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -6.0% | 0.26% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -4.9% | 0.80% | −0.04 |
| COP Conocophillips | Reduce -9.5% | 0.16% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -12.0% | 0.12% | −0.04 |
| BIIB Biogen Inc. | Reduce -68.4% | 0.01% | −0.04 |
| SMCI Super Micro Computer Inc. | Reduce -29.2% | 0.02% | −0.04 |
| BAC Bank of America Corp. | Reduce -5.1% | 0.35% | −0.04 |
| FERG Ferguson Enterprises Inc. | Reduce -30.3% | 0.08% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -2.9% | 0.11% | −0.04 |
| CMG Chipotle Mexican Grill Inc. | Reduce -13.8% | 0.11% | −0.03 |
| NXPI NXP Semiconductors NV | Reduce -25.2% | 0.06% | −0.03 |
| TRI Thomson Reuters Corp. | Reduce -40.5% | 0.05% | −0.03 |
| CDNS Cadence Design SYS Inc. | Reduce -15.1% | 0.09% | −0.03 |
| DXCM Dexcom Inc. | Reduce -4.3% | 0.04% | −0.03 |
| LIN Linde PLC | Reduce -9.3% | 0.54% | −0.03 |
| VLO Valero Energy Corp. | Reduce -26.3% | 0.05% | −0.03 |
| EW Edwards Lifesciences Corp. | Reduce -1.8% | 0.07% | −0.03 |
| CP Canadian Pacific Kansas City | Reduce -12.9% | 0.29% | −0.03 |
| GD General Dynamics Corp. | Reduce -24.2% | 0.09% | −0.03 |
| CNQ Canadian Natural Resources | Reduce -1.8% | 0.21% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -5.3% | 0.51% | −0.03 |
| DIS The Walt Disney Co. | Reduce -4.3% | 0.23% | −0.03 |
| MPC Marathon Petroleum Corp. | Reduce -26.2% | 0.06% | −0.03 |
| PCAR Paccar Inc. | Reduce -41.9% | 0.03% | −0.03 |
| PSX Phillips 66 | Reduce -22.2% | 0.07% | −0.03 |
| MLM Martin Marietta Materials | Reduce -38.9% | 0.04% | −0.03 |
| ABNB Airbnb Inc. Class A | Reduce -17.0% | 0.06% | −0.03 |
| INTU Intuit Inc. | Reduce -1.3% | 0.23% | −0.03 |
| ICLR Icon PLC | Reduce -2.9% | 0.16% | −0.03 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.03 |
| IDXX Idexx Laboratories Inc. | Reduce -56.4% | 0.02% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +0.3% | 4.58% | +0.26 |
| TSLA Tesla Inc. | Add +1.4% | 0.95% | +0.21 |
| INDA iShares MSCI India ETF | Add +6.4% | 2.26% | +0.14 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.1% | 2.48% | +0.13 |
| KKR KKR & Co. Inc. | Add +259698.0% | 0.12% | +0.12 |
| EWZ iShares MSCI Brazil ETF | Add +13.3% | 0.80% | +0.12 |
| PM Philip Morris International | Add +21.5% | 0.26% | +0.07 |
| AVGO Broadcom Inc. | Add +3.6% | 1.07% | +0.07 |
| TXN Texas Instruments Inc. | Add +26.4% | 0.29% | +0.06 |
| VEA Vanguard Ftse Developed ETF | Add +3.2% | 1.14% | +0.06 |
| XLK SS Technology Select Sector | Add +103.1% | 0.12% | +0.06 |
| VCLT Vanguard Long-Term Corp. Bond | Add +2.9% | 1.12% | +0.06 |
| XLI SS Industrial Select Sector | New | 0.06% | +0.06 |
| FLUT Flutter Entertainment PLC-Di | New | 0.05% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | New | 0.05% | +0.05 |
| CARR Carrier Global Corp. | Add +62.3% | 0.10% | +0.05 |
| GILD Gilead Sciences Inc. | Add +21.6% | 0.16% | +0.05 |
| PYPL PayPal Holdings Inc. | Add +28.3% | 0.12% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +177.2% | 0.09% | +0.04 |
| LMT Lockheed Martin Corp. | Add +10.3% | 0.18% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +3.8% | 1.16% | +0.04 |
| DELL Dell Technologies -C | New | 0.04% | +0.04 |
| BXP BXP Inc. | Add +17.7% | 0.14% | +0.04 |
| MBB iShares MBS ETF | Add +4.2% | 1.12% | +0.04 |
| SE Sea Ltd.-ADR | Add +3.3% | 0.18% | +0.04 |
| MCD McDonald's Corp. | Add +1.3% | 0.30% | +0.04 |
| GE General Electric | Add +1.0% | 0.31% | +0.04 |
| RY Royal Bank of Canada | Add +0.3% | 0.36% | +0.04 |
| BX Blackstone Inc. | Add +12.3% | 0.16% | +0.04 |
| CEG Constellation Energy | Add +20.2% | 0.12% | +0.04 |
| MINT PIMCO Enhanced Short Maturit | Add +15.5% | 0.39% | +0.04 |
| MDT Medtronic PLC | Add +15.4% | 0.17% | +0.04 |
| DOV Dover Corp. | Add +158.8% | 0.06% | +0.04 |
| SW Smurfit Westrock PLC | New | 0.04% | +0.04 |
| NSC Norfolk Southern Corp. | Add +47.5% | 0.09% | +0.03 |
| EIDO iShares MSCI Indonesia ETF | Add +2.4% | 0.27% | +0.03 |
| AMT American Tower Corp. | Add +11.6% | 0.15% | +0.03 |
| COO The Cooper Cos Inc. | Add +155.8% | 0.05% | +0.03 |
| MMM 3M Co. | Add +23.1% | 0.09% | +0.03 |
| CBRE CBRE Group Inc. Class A | Add +31.4% | 0.07% | +0.03 |
| SHOP Shopify Inc. Class A | Add +1.0% | 0.20% | +0.03 |
| HCA HCA Healthcare Inc. | Add +9.6% | 0.12% | +0.03 |
| XEL Xcel Energy Inc. | Add +94.8% | 0.05% | +0.03 |
| SPOT Spotify Technology SA | Add +17.2% | 0.12% | +0.03 |
| BN Brookfield Corp. | Add +0.5% | 0.15% | +0.03 |
| AVTR Avantor Inc. | New | 0.03% | +0.03 |
| TDG Transdigm Group Inc. | Add +23.8% | 0.11% | +0.03 |
| EOG EOG Resources Inc. | Add +35.8% | 0.13% | +0.03 |
| DD Dupont DE Nemours Inc. | Add +78.3% | 0.06% | +0.03 |
| APD Air Products & Chemicals Inc. | Add +44.0% | 0.07% | +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 |