Teachers Retirement System of the State of Kentucky
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 18, 2024), Teachers Retirement System of the State of Kentucky reported 1,673 stock positions worth $11.5 billion. Its top holding was Microsoft (MSFT) at 4.3% of the portfolio, followed by Nvidia (NVDA, 3.9%) and Apple (AAPL, 3.8%). Compared with Q2 2024, it opened 35 new positions, sold out of 42, added to 166 and reduced 751. The biggest buy was Progressive (PGR, shares +45%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFORT, KY
- CIK
- 0000714142
- Portfolio Value
- $11.5B (Q3 2024)
- SEC Filing
- 0000714142-24-000004 ↗ filed Nov 18, 2024
Holdings Value
Holdings 1,673 stocks · $11.5B
| MSFT Microsoft Corp. | 4.29% | 1,142,688 | $491.7M | Reduce -2.6% |
| NVDA Nvidia Corp. | 3.95% | 3,728,893 | $452.8M | Reduce -2.3% |
| AAPL Apple Inc. | 3.77% | 1,855,531 | $432.3M | Reduce -3.2% |
| AMZN Amazon.com Inc. | 2.81% | 1,729,676 | $322.3M | Reduce -2.2% |
| META Meta Platforms Inc. Class A | 1.84% | 368,981 | $211.2M | Reduce -6.1% |
| GOOGL Alphabet Inc. Class A | 1.80% | 1,242,497 | $206.1M | Reduce -3.8% |
| AVGO Broadcom Inc. | 1.44% | 958,690 | $165.4M | Reduce -18.8% |
| JPM JPMorgan Chase & Co. | 1.06% | 576,669 | $121.6M | Add +15.3% |
| UNH Unitedhealth Group Inc. | 1.04% | 204,264 | $119.4M | Reduce -16.0% |
| GOOG Alphabet Inc. Class C | 0.90% | 620,471 | $103.7M | Reduce -7.8% |
| URI United Rentals Inc. | 0.81% | 114,515 | $92.7M | Reduce -0.8% |
| TSLA Tesla Inc. | 0.80% | 349,008 | $91.3M | Add +2.7% |
| LLY Eli Lilly & Co. | 0.76% | 98,512 | $87.3M | Reduce -6.8% |
| NFLX Netflix Inc. | 0.74% | 119,366 | $84.7M | Add +29.3% |
| PGR Progressive Corp. | 0.74% | 333,433 | $84.6M | Add +45.1% |
| V Visa Inc. Class A | 0.70% | 293,556 | $80.7M | Reduce -3.0% |
| MA Mastercard Inc. Class A | 0.61% | 142,262 | $70.3M | Reduce -6.0% |
| HD Home Depot Inc. | 0.61% | 172,495 | $69.9M | Reduce -23.6% |
| PH Parker Hannifin Corp. | 0.56% | 101,837 | $64.3M | Reduce -30.1% |
| AZO AutoZone Inc. | 0.56% | 20,413 | $64.3M | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 138,372 | $63.7M | Reduce -5.2% |
| QCOM Qualcomm Inc. | 0.55% | 371,684 | $63.2M | Reduce -0.7% |
| CB Chubb Ltd. | 0.53% | 212,709 | $61.3M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 0.51% | 519,084 | $58.9M | Add +2.6% |
| WFC Wells Fargo & Co. | 0.50% | 1,010,101 | $57.1M | Add +105.5% |
| FITB Fifth Third Bancorp | 0.50% | 1,330,649 | $57.0M | Add +76.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 1,425,494 | $56.6M | Reduce -2.7% |
| MAS Masco Corp. | 0.48% | 655,914 | $55.1M | Add +13.2% |
| ABBV Abbvie Inc. | 0.47% | 273,650 | $54.0M | Reduce -2.8% |
| NOW ServiceNow Inc. | 0.44% | 56,838 | $50.8M | Reduce -4.2% |
| AXP American Express Co. | 0.44% | 187,004 | $50.7M | Reduce -12.7% |
| COST Costco Wholesale Corp. | 0.44% | 56,996 | $50.5M | Reduce -3.6% |
| MS Morgan Stanley | 0.44% | 480,205 | $50.1M | Reduce -4.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 222,757 | $49.2M | Add +6.2% |
| ORCL Oracle Corp. | 0.42% | 285,309 | $48.6M | Reduce -9.9% |
| SHEL Shell PLC-ADR | 0.42% | 736,170 | $48.5M | No change |
| RTX RTX Corp. | 0.42% | 400,629 | $48.5M | Add +104.2% |
| CRM Salesforce Inc. | 0.42% | 176,913 | $48.4M | Reduce -14.3% |
| PG The Procter & Gamble Co. | 0.41% | 274,077 | $47.5M | Reduce -7.3% |
| TTE Totalenergies SE -Spon ADR | 0.41% | 725,470 | $46.9M | Add +7.5% |
| CFG Citizens Financial Group | 0.41% | 1,135,152 | $46.6M | Add +105.8% |
| RIO Rio Tinto PLC-Spon ADR | 0.40% | 650,180 | $46.3M | No change |
| PSX Phillips 66 | 0.40% | 351,186 | $46.2M | Add +35.5% |
| NXPI NXP Semiconductors NV | 0.40% | 189,284 | $45.4M | Reduce -4.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.39% | 96,836 | $45.0M | Reduce -1.8% |
| JBL Jabil Inc. | 0.38% | 367,642 | $44.1M | Add +9.9% |
| HCA HCA Healthcare Inc. | 0.37% | 104,464 | $42.5M | Reduce -1.5% |
| AMP Ameriprise Financial Inc. | 0.36% | 88,148 | $41.4M | Reduce -18.4% |
| TMO Thermo Fisher Scientific Inc. | 0.35% | 65,425 | $40.5M | Reduce -19.3% |
| KLAC KLA Corp. | 0.35% | 52,231 | $40.4M | Reduce -17.0% |
| AMGN Amgen Inc. | 0.35% | 124,120 | $40.0M | Reduce -0.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.35% | 362,712 | $39.8M | Reduce -1.4% |
| XOM Exxon Mobil Corp. | 0.35% | 338,489 | $39.7M | Reduce -6.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.34% | 506,072 | $39.4M | Reduce -1.9% |
| FISV Fiserv Inc. | 0.34% | 215,985 | $38.8M | Reduce -1.9% |
| LOW Lowe's Cos Inc. | 0.34% | 142,497 | $38.6M | Add +7.3% |
| ADBE Adobe Inc. | 0.33% | 74,153 | $38.4M | Reduce -16.8% |
| PM Philip Morris International | 0.33% | 308,483 | $37.4M | Reduce -2.2% |
| AMD Advanced Micro Devices | 0.33% | 227,995 | $37.4M | Reduce -3.2% |
| ABT Abbott Laboratories | 0.33% | 327,288 | $37.3M | Add +42.3% |
| ON On Semiconductor | 0.32% | 506,821 | $36.8M | Reduce -15.5% |
| OKE Oneok Inc. | 0.30% | 381,240 | $34.7M | Reduce -0.6% |
| BKNG Booking Holdings Inc. | 0.29% | 7,983 | $33.6M | Reduce -9.6% |
| CMI Cummins Inc. | 0.29% | 102,771 | $33.3M | Reduce -0.6% |
| ULTA Ulta Beauty Inc. | 0.29% | 85,272 | $33.2M | Add +145.7% |
| CRH CRH PLC | 0.29% | 355,410 | $33.0M | No change |
| EMN Eastman Chemical Co. | 0.29% | 292,956 | $32.8M | Add +21.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 56,594 | $32.5M | No change |
| ELV Elevance Health Inc. | 0.28% | 62,395 | $32.4M | Reduce -1.9% |
| NVR NVR Inc. | 0.28% | 3,284 | $32.2M | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.28% | 761,875 | $32.0M | Add +25.9% |
| DELL Dell Technologies -C | 0.27% | 264,100 | $31.3M | Add +14.3% |
| FSLR First Solar Inc. | 0.27% | 122,843 | $30.6M | Add +60.9% |
| DKS Dick's Sporting Goods Inc. | 0.27% | 146,282 | $30.5M | Reduce -0.3% |
| MRSH Marsh & McLennan Cos | 0.27% | 136,368 | $30.4M | Reduce -1.6% |
| CDW CDW Corp. | 0.26% | 134,057 | $30.3M | Reduce -0.5% |
| MO Altria Group Inc. | 0.26% | 594,032 | $30.3M | Add +1.5% |
| ING ING Groep N.V.-Sponsored ADR | 0.26% | 1,652,810 | $30.0M | Reduce -1.4% |
| APO Apollo Global Management Inc. | 0.26% | 238,800 | $29.8M | No change |
| JNJ Johnson & Johnson | 0.26% | 182,432 | $29.6M | Reduce -5.7% |
| TXT Textron Inc. | 0.25% | 328,931 | $29.1M | Reduce -0.4% |
| AER Aercap Holdings NV | 0.25% | 300,760 | $28.5M | No change |
| BBY Best Buy Co. Inc. | 0.25% | 272,804 | $28.2M | Reduce -1.5% |
| VZ Verizon Communications Inc. | 0.24% | 624,745 | $28.1M | Reduce -3.1% |
| J Jacobs Solutions Inc. | 0.24% | 212,085 | $27.8M | Reduce -0.3% |
| SBUX Starbucks Corp. | 0.24% | 282,651 | $27.6M | Add +59.9% |
| STT State Street Corp. | 0.24% | 310,909 | $27.5M | Add +1.6% |
| SHOP Shopify Inc. Class A | 0.24% | 342,030 | $27.4M | Add +29.3% |
| MU Micron Technology Inc. | 0.24% | 261,026 | $27.1M | Reduce -1.8% |
| EXPE Expedia Group Inc. | 0.23% | 181,878 | $26.9M | Add +6.6% |
| FOXA Fox Corp. Class A | 0.23% | 635,511 | $26.9M | Reduce -10.8% |
| RCL Royal Caribbean Cruises Ltd. | 0.23% | 151,163 | $26.8M | Reduce -12.7% |
| KR Kroger Co. | 0.23% | 461,406 | $26.4M | Add +7.4% |
| NVS Novartis AG-Sponsored ADR | 0.23% | 229,800 | $26.4M | No change |
| WMT Walmart Inc. | 0.23% | 326,397 | $26.4M | Reduce -4.9% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.23% | 426,430 | $26.3M | Add +15.2% |
| NRG NRG Energy Inc. | 0.23% | 286,479 | $26.1M | Reduce -14.4% |
| COP Conocophillips | 0.23% | 246,189 | $25.9M | Reduce -24.8% |
| SAN Banco Santander SA-Spon ADR | 0.23% | 5,066,760 | $25.8M | No change |
| KEY Keycorp | 0.23% | 1,541,680 | $25.8M | Add +1974.1% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $187K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESCO INTERNATIONAL INC (WCC V10.625 PERP A) | COM | 5,382 | $139K | No change |
| LIBERTY BROADBAND CORP (LBRDA 7 PERP A) | COM | 1,404 | $34K | No change |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 1,259 | $11K | No change |
| NBRWF Nabors Industries Ltd. -CW26 | WAR | 628 | $3K | No change |
Total filed on the 13F, all lines: $11.5B.
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -2.6% | 4.29% | −0.42 |
| GOOGL Alphabet Inc. Class A | Reduce -3.8% | 1.80% | −0.31 |
| NVDA Nvidia Corp. | Reduce -2.3% | 3.95% | −0.29 |
| AMZN Amazon.com Inc. | Reduce -2.2% | 2.81% | −0.26 |
| AVGO Broadcom Inc. | Reduce -18.8% | 1.44% | −0.26 |
| NTAP Netapp Inc. | Reduce -92.9% | 0.02% | −0.24 |
| MCK McKesson Corp. | Reduce -80.4% | 0.04% | −0.22 |
| GOOG Alphabet Inc. Class C | Reduce -7.8% | 0.90% | −0.20 |
| MRO Marathon Oil Corp. | Reduce -94.5% | 0.01% | −0.20 |
| EQNR Equinor ASA-Spon ADR | Reduce -85.2% | 0.03% | −0.19 |
| COF Capital One Financial Corp. | Reduce -83.6% | 0.04% | −0.18 |
| CPAY Corpay Inc. | Reduce -93.0% | 0.01% | −0.17 |
| PCAR Paccar Inc. | Reduce -81.8% | 0.03% | −0.17 |
| APA Apa Corp. | Reduce -61.0% | 0.08% | −0.16 |
| DHI D.R. Horton Inc. | Reduce -85.5% | 0.04% | −0.16 |
| DLTR Dollar Tree Inc. | Reduce -88.7% | 0.01% | −0.12 |
| NPSNY Naspers Ltd.-N SHS Spon ADR | Sold out | 0.00% | −0.12 |
| QCOM Qualcomm Inc. | Reduce -0.7% | 0.55% | −0.12 |
| KLAC KLA Corp. | Reduce -17.0% | 0.35% | −0.11 |
| COP Conocophillips | Reduce -24.8% | 0.23% | −0.11 |
| ADBE Adobe Inc. | Reduce -16.8% | 0.33% | −0.11 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -69.1% | 0.04% | −0.11 |
| PH Parker Hannifin Corp. | Reduce -30.1% | 0.56% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -6.8% | 0.76% | −0.10 |
| SCHW Schwab (charles) Corp. | Reduce -54.1% | 0.06% | −0.10 |
| BSX Boston Scientific Corp. | Reduce -37.1% | 0.19% | −0.09 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.09 |
| HD Home Depot Inc. | Reduce -23.6% | 0.61% | −0.09 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -81.3% | 0.02% | −0.08 |
| NXPI NXP Semiconductors NV | Reduce -4.2% | 0.40% | −0.08 |
| UNP Union Pacific Corp. | Reduce -48.2% | 0.10% | −0.08 |
| MU Micron Technology Inc. | Reduce -1.8% | 0.24% | −0.08 |
| ALL Allstate Corp. | Reduce -73.9% | 0.03% | −0.08 |
| STLA Stellantis NV | Reduce -41.5% | 0.05% | −0.07 |
| REGN Regeneron Pharmaceuticals | Reduce -48.5% | 0.07% | −0.07 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -87.3% | 0.01% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -16.0% | 1.04% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -6.1% | 0.22% | −0.06 |
| BG Bunge Global SA | Reduce -85.3% | 0.01% | −0.06 |
| TJX TJX Companies Inc. | Reduce -33.9% | 0.12% | −0.06 |
| DXCM Dexcom Inc. | Reduce -0.8% | 0.07% | −0.06 |
| CRM Salesforce Inc. | Reduce -14.3% | 0.42% | −0.05 |
| AMP Ameriprise Financial Inc. | Reduce -18.4% | 0.36% | −0.05 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -19.3% | 0.35% | −0.05 |
| ITW Illinois Tool Works | Reduce -54.4% | 0.05% | −0.05 |
| ON On Semiconductor | Reduce -15.5% | 0.32% | −0.05 |
| IFF Intl Flavors & Fragrances | Reduce -41.3% | 0.08% | −0.05 |
| LULU Lululemon Athletica Inc. | Reduce -65.0% | 0.02% | −0.05 |
| MSA Msa Safety Inc. | Reduce -69.1% | 0.02% | −0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| PGR Progressive Corp. | Add +45.1% | 0.74% | +0.31 |
| FITB Fifth Third Bancorp | Add +76.2% | 0.50% | +0.25 |
| RTX RTX Corp. | Add +104.2% | 0.42% | +0.25 |
| WFC Wells Fargo & Co. | Add +105.5% | 0.50% | +0.24 |
| CFG Citizens Financial Group | Add +105.8% | 0.41% | +0.23 |
| KEY Keycorp | Add +1974.1% | 0.23% | +0.22 |
| HII Huntington Ingalls Industrie | Add +2710.1% | 0.20% | +0.20 |
| TSLA Tesla Inc. | Add +2.7% | 0.80% | +0.19 |
| NFLX Netflix Inc. | Add +29.3% | 0.74% | +0.18 |
| ULTA Ulta Beauty Inc. | Add +145.7% | 0.29% | +0.17 |
| JPM JPMorgan Chase & Co. | Add +15.3% | 1.06% | +0.15 |
| FANG Diamondback Energy Inc. | Add +233.6% | 0.22% | +0.14 |
| MAS Masco Corp. | Add +13.2% | 0.48% | +0.13 |
| SBUX Starbucks Corp. | Add +59.9% | 0.24% | +0.12 |
| MFC Manulife Financial Corp. | New | 0.12% | +0.12 |
| FSLR First Solar Inc. | Add +60.9% | 0.27% | +0.11 |
| ABT Abbott Laboratories | Add +42.3% | 0.33% | +0.11 |
| CTSH Cognizant Tech Solutions-A | Add +118.9% | 0.18% | +0.11 |
| IBM Intl Business Machines Corp. | Add +6.2% | 0.43% | +0.10 |
| NEE Nextera Energy Inc. | Add +69.1% | 0.20% | +0.10 |
| SHOP Shopify Inc. Class A | Add +29.3% | 0.24% | +0.08 |
| BABA Alibaba Group Holding-SP ADR | Add +30.7% | 0.17% | +0.08 |
| BTI British American Tob-SP ADR | Add +129.8% | 0.12% | +0.08 |
| EMN Eastman Chemical Co. | Add +21.8% | 0.29% | +0.07 |
| PSX Phillips 66 | Add +35.5% | 0.40% | +0.07 |
| LOW Lowe's Cos Inc. | Add +7.3% | 0.34% | +0.07 |
| AVTR Avantor Inc. | Add +45.8% | 0.16% | +0.07 |
| LINE Lineage Inc. | New | 0.07% | +0.07 |
| NDAQ Nasdaq Inc. | Add +344.6% | 0.08% | +0.07 |
| BMY Bristol-Myers Squibb Co. | Add +70.7% | 0.13% | +0.06 |
| JBTM JBT Marel Corp. | Add +68.0% | 0.16% | +0.06 |
| JBL Jabil Inc. | Add +9.9% | 0.38% | +0.06 |
| FCNCA First Citizens Bcshs Class A | New | 0.05% | +0.05 |
| SLF Sun Life Financial Inc. | Add +26.0% | 0.17% | +0.05 |
| AKAM Akamai Technologies Inc. | Add +32.6% | 0.17% | +0.05 |
| MDB Mongodb Inc. | New | 0.05% | +0.05 |
| VEEV Veeva Systems Inc. Class A | New | 0.05% | +0.05 |
| IR Ingersoll-Rand Inc. | Add +28.3% | 0.19% | +0.05 |
| DASH DoorDash Inc. Class A | Add +3.4% | 0.20% | +0.05 |
| EXPE Expedia Group Inc. | Add +6.6% | 0.23% | +0.04 |
| KB KB Financial Group Inc.-ADR | Add +15.2% | 0.23% | +0.04 |
| INSP Inspire Medical Systems Inc. | Add +20.1% | 0.09% | +0.04 |
| NKE Nike Inc. Class B | Add +8.2% | 0.20% | +0.04 |
| ENSG The Ensign Group Inc. | Add +59.0% | 0.09% | +0.04 |
| KR Kroger Co. | Add +7.4% | 0.23% | +0.04 |
| AUR Aurora Innovation Inc. | Add +13.7% | 0.06% | +0.04 |
| STT State Street Corp. | Add +1.6% | 0.24% | +0.04 |
| SN Sharkninja Inc. | Add +224.3% | 0.05% | +0.04 |
| NOC Northrop Grumman Corp. | Add +19.8% | 0.12% | +0.04 |
| PPLI People Inc. | Add +15.2% | 0.16% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,678 | $14.7B | NVDA, AAPL, GOOGL, MSFT, AMZN |
| Q1 2026 | 1,674 | $12.9B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q4 2025 | 1,679 | $13.3B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025 | 1,674 | $13.2B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q2 2025 | 1,668 | $12.3B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,671 | $11.1B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 1,670 | $11.4B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2024 | 1,673 | $11.5B | MSFT, NVDA, AAPL, AMZN, META |
| Q2 2024 | 1,679 | $11.1B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 1,682 | $11.2B | MSFT, NVDA, AMZN, AAPL, META |