Teachers Retirement System of the State of Kentucky
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Teachers Retirement System of the State of Kentucky reported 1,670 stock positions worth $11.4 billion. Its top holding was Nvidia (NVDA) at 4.2% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Apple (AAPL, 4.1%). Compared with Q3 2024, it opened 28 new positions, sold out of 34, added to 157 and reduced 721. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Astrazeneca PLC-Spons ADR (AZN, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFORT, KY
- CIK
- 0000714142
- Portfolio Value
- $11.4B (Q4 2024)
- SEC Filing
- 0000714142-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 1,670 stocks · $11.4B
| NVDA Nvidia Corp. | 4.23% | 3,586,254 | $481.6M | Reduce -3.8% |
| MSFT Microsoft Corp. | 4.16% | 1,124,727 | $474.1M | Reduce -1.6% |
| AAPL Apple Inc. | 4.13% | 1,879,838 | $470.7M | Add +1.3% |
| AMZN Amazon.com Inc. | 3.21% | 1,667,385 | $365.8M | Reduce -3.6% |
| GOOGL Alphabet Inc. Class A | 2.07% | 1,246,192 | $235.9M | Add +0.3% |
| AVGO Broadcom Inc. | 1.84% | 904,891 | $209.8M | Reduce -5.6% |
| META Meta Platforms Inc. Class A | 1.83% | 356,204 | $208.6M | Reduce -3.5% |
| TSLA Tesla Inc. | 1.08% | 305,597 | $123.4M | Reduce -12.4% |
| GOOG Alphabet Inc. Class C | 0.99% | 594,454 | $113.2M | Reduce -4.2% |
| JPM JPMorgan Chase & Co. | 0.96% | 457,303 | $109.6M | Reduce -20.7% |
| NFLX Netflix Inc. | 0.89% | 114,239 | $101.8M | Reduce -4.3% |
| UNH Unitedhealth Group Inc. | 0.87% | 194,882 | $98.6M | Reduce -4.6% |
| V Visa Inc. Class A | 0.74% | 268,405 | $84.8M | Reduce -8.6% |
| LLY Eli Lilly & Co. | 0.73% | 107,040 | $82.6M | Add +8.7% |
| AXP American Express Co. | 0.69% | 266,570 | $79.1M | Add +42.5% |
| PGR Progressive Corp. | 0.66% | 314,933 | $75.5M | Reduce -5.5% |
| MA Mastercard Inc. Class A | 0.65% | 140,915 | $74.2M | Reduce -0.9% |
| WFC Wells Fargo & Co. | 0.65% | 1,048,148 | $73.6M | Add +3.8% |
| URI United Rentals Inc. | 0.63% | 101,578 | $71.6M | Reduce -11.3% |
| HD Home Depot Inc. | 0.59% | 171,464 | $66.7M | Reduce -0.6% |
| QCOM Qualcomm Inc. | 0.58% | 431,036 | $66.2M | Add +16.0% |
| AZO AutoZone Inc. | 0.56% | 20,063 | $64.2M | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 135,940 | $61.6M | Reduce -1.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 1,377,777 | $60.6M | Reduce -3.4% |
| CB Chubb Ltd. | 0.52% | 214,387 | $59.2M | Add +0.8% |
| ORCL Oracle Corp. | 0.52% | 354,868 | $59.1M | Add +24.4% |
| PH Parker Hannifin Corp. | 0.50% | 89,538 | $56.9M | Reduce -12.1% |
| CRM Salesforce Inc. | 0.48% | 164,765 | $55.1M | Reduce -6.9% |
| FITB Fifth Third Bancorp | 0.48% | 1,298,563 | $54.9M | Reduce -2.4% |
| NOW ServiceNow Inc. | 0.46% | 49,844 | $52.8M | Reduce -12.3% |
| JBL Jabil Inc. | 0.46% | 364,449 | $52.4M | Reduce -0.9% |
| CFG Citizens Financial Group | 0.43% | 1,123,814 | $49.2M | Reduce -1.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 222,495 | $48.9M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.43% | 53,084 | $48.6M | Reduce -6.9% |
| XOM Exxon Mobil Corp. | 0.42% | 448,921 | $48.3M | Add +32.6% |
| ABBV Abbvie Inc. | 0.42% | 271,077 | $48.2M | Reduce -0.9% |
| SHEL Shell PLC-ADR | 0.42% | 762,190 | $47.8M | Add +3.5% |
| MRK Merck & Co. Inc. | 0.39% | 448,903 | $44.7M | Reduce -13.5% |
| PG The Procter & Gamble Co. | 0.39% | 264,630 | $44.4M | Reduce -3.5% |
| MAS Masco Corp. | 0.39% | 608,017 | $44.1M | Reduce -7.3% |
| AMP Ameriprise Financial Inc. | 0.38% | 81,422 | $43.4M | Reduce -7.6% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.37% | 362,712 | $42.6M | No change |
| MS Morgan Stanley | 0.37% | 336,005 | $42.2M | Reduce -30.0% |
| RTX RTX Corp. | 0.37% | 361,472 | $41.8M | Reduce -9.8% |
| TTE Totalenergies SE -Spon ADR | 0.36% | 751,650 | $41.0M | Add +3.6% |
| APO Apollo Global Management Inc. | 0.36% | 247,992 | $41.0M | Add +3.9% |
| BKNG Booking Holdings Inc. | 0.35% | 8,129 | $40.4M | Add +1.8% |
| ULTA Ulta Beauty Inc. | 0.35% | 92,172 | $40.1M | Add +8.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.35% | 671,370 | $39.5M | Add +3.3% |
| FISV Fiserv Inc. | 0.33% | 184,456 | $37.9M | Reduce -14.6% |
| WMT Walmart Inc. | 0.33% | 418,189 | $37.8M | Add +28.1% |
| TEVA Teva Pharmaceutical-SP ADR | 0.33% | 1,710,000 | $37.7M | New |
| NXPI NXP Semiconductors NV | 0.33% | 180,907 | $37.6M | Reduce -4.4% |
| LULU Lululemon Athletica Inc. | 0.33% | 97,067 | $37.1M | Add +1033.0% |
| ABT Abbott Laboratories | 0.32% | 326,203 | $36.9M | Reduce -0.3% |
| SHOP Shopify Inc. Class A | 0.32% | 342,030 | $36.4M | No change |
| CMI Cummins Inc. | 0.31% | 102,592 | $35.8M | Reduce -0.2% |
| ADBE Adobe Inc. | 0.31% | 80,022 | $35.6M | Add +7.9% |
| CRH CRH PLC | 0.31% | 380,840 | $35.2M | Add +7.2% |
| PM Philip Morris International | 0.31% | 291,492 | $35.1M | Reduce -5.5% |
| RCL Royal Caribbean Cruises Ltd. | 0.31% | 151,463 | $34.9M | Add +0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 66,746 | $34.7M | Add +2.0% |
| DKS Dick's Sporting Goods Inc. | 0.29% | 145,382 | $33.3M | Reduce -0.6% |
| DECK Deckers Outdoor Corp. | 0.29% | 163,758 | $33.3M | Add +1062.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 56,594 | $33.2M | No change |
| OKE Oneok Inc. | 0.29% | 327,240 | $32.9M | Reduce -14.2% |
| DELL Dell Technologies -C | 0.29% | 284,100 | $32.7M | Add +7.6% |
| AMGN Amgen Inc. | 0.28% | 123,778 | $32.3M | Reduce -0.3% |
| SYF Synchrony Financial | 0.28% | 492,351 | $32.0M | Add +4.7% |
| ON On Semiconductor | 0.28% | 504,388 | $31.8M | Reduce -0.5% |
| KLAC KLA Corp. | 0.28% | 50,250 | $31.7M | Reduce -3.8% |
| GM General Motors Co. | 0.28% | 594,256 | $31.7M | Add +10.3% |
| EXPE Expedia Group Inc. | 0.28% | 168,880 | $31.5M | Reduce -7.2% |
| TPR Tapestry Inc. | 0.28% | 480,430 | $31.4M | Reduce -0.1% |
| HCA HCA Healthcare Inc. | 0.27% | 103,540 | $31.1M | Reduce -0.9% |
| MO Altria Group Inc. | 0.27% | 590,762 | $30.9M | Reduce -0.6% |
| AER Aercap Holdings NV | 0.27% | 322,270 | $30.8M | Add +7.2% |
| VZ Verizon Communications Inc. | 0.26% | 741,766 | $29.7M | Add +18.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.26% | 769,302 | $29.5M | Add +1.0% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.26% | 2,509,710 | $29.4M | Add +7.2% |
| RL Ralph Lauren Corp. | 0.25% | 123,705 | $28.6M | Reduce -2.2% |
| BCS Barclays PLC-Spons ADR | 0.25% | 2,133,020 | $28.3M | Add +7.2% |
| J Jacobs Solutions Inc. | 0.25% | 211,934 | $28.3M | Reduce -0.1% |
| STT State Street Corp. | 0.25% | 287,485 | $28.2M | Reduce -7.5% |
| ING ING Groep N.V.-Sponsored ADR | 0.24% | 1,774,430 | $27.8M | Add +7.4% |
| KR Kroger Co. | 0.24% | 453,562 | $27.7M | Reduce -1.7% |
| FOXA Fox Corp. Class A | 0.24% | 561,981 | $27.3M | Reduce -11.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 244,608 | $27.2M | Reduce -4.5% |
| NWG Natwest Group PLC -Spon ADR | 0.24% | 2,673,551 | $27.2M | Add +5.0% |
| MRSH Marsh & McLennan Cos | 0.24% | 127,693 | $27.1M | Reduce -6.4% |
| DASH DoorDash Inc. Class A | 0.24% | 161,200 | $27.0M | No change |
| NVR NVR Inc. | 0.24% | 3,284 | $26.9M | No change |
| EMN Eastman Chemical Co. | 0.23% | 292,649 | $26.7M | Reduce -0.1% |
| COF Capital One Financial Corp. | 0.23% | 149,860 | $26.7M | Add +419.7% |
| AIG American International Group | 0.23% | 364,795 | $26.6M | Add +9.6% |
| AMD Advanced Micro Devices | 0.23% | 217,900 | $26.3M | Reduce -4.4% |
| FSLR First Solar Inc. | 0.23% | 148,843 | $26.2M | Add +21.2% |
| JNJ Johnson & Johnson | 0.23% | 178,515 | $25.8M | Reduce -2.1% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.22% | 447,400 | $25.5M | Add +4.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.22% | 63,057 | $25.4M | Reduce -34.9% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $182K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESCO INTERNATIONAL INC (WCC V10.625 PERP A) | COM | 5,382 | $137K | 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 | $9K | No change |
| NBRWF Nabors Industries Ltd. -CW26 | WAR | 628 | $2K | No change |
Total filed on the 13F, all lines: $11.4B.
Portfolio Sells Q3 2024 → Q4 2024
| AZN Astrazeneca PLC-Spons ADR | Reduce -66.5% | 0.10% | −0.25 |
| LOW Lowe's Cos Inc. | Reduce -70.5% | 0.09% | −0.25 |
| ELV Elevance Health Inc. | Reduce -72.4% | 0.06% | −0.23 |
| ERIE Erie Indemnity Company Class A | Reduce -92.7% | 0.01% | −0.20 |
| PSX Phillips 66 | Reduce -41.7% | 0.20% | −0.20 |
| URI United Rentals Inc. | Reduce -11.3% | 0.63% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -4.6% | 0.87% | −0.18 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -34.9% | 0.22% | −0.17 |
| FANG Diamondback Energy Inc. | Reduce -71.1% | 0.06% | −0.16 |
| PPLI People Inc. | Reduce -92.5% | 0.01% | −0.15 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.13 |
| MSFT Microsoft Corp. | Reduce -1.6% | 4.16% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -13.5% | 0.39% | −0.12 |
| IR Ingersoll-Rand Inc. | Reduce -56.1% | 0.08% | −0.11 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.11 |
| FIS Fidelity National Info Serv | Reduce -50.2% | 0.10% | −0.11 |
| EL Estee Lauder Companies Class A | Reduce -47.8% | 0.07% | −0.10 |
| MRNA Moderna Inc. | Reduce -36.2% | 0.07% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -20.7% | 0.96% | −0.10 |
| HCA HCA Healthcare Inc. | Reduce -0.9% | 0.27% | −0.10 |
| AMD Advanced Micro Devices | Reduce -4.4% | 0.23% | −0.10 |
| DVN Devon Energy Corp. | Reduce -85.4% | 0.01% | −0.10 |
| MAS Masco Corp. | Reduce -7.3% | 0.39% | −0.09 |
| COP Conocophillips | Reduce -36.4% | 0.14% | −0.09 |
| DUK Duke Energy Corp. | Reduce -60.0% | 0.05% | −0.09 |
| LYB Lyondellbasell Indu Class A | Reduce -33.6% | 0.09% | −0.09 |
| HII Huntington Ingalls Industrie | Reduce -16.4% | 0.12% | −0.08 |
| ICLR Icon PLC | Sold out | 0.00% | −0.08 |
| CDW CDW Corp. | Reduce -8.2% | 0.19% | −0.08 |
| PGR Progressive Corp. | Reduce -5.5% | 0.66% | −0.08 |
| KLAC KLA Corp. | Reduce -3.8% | 0.28% | −0.07 |
| HAYW Hayward Holdings Inc. | Reduce -93.0% | 0.01% | −0.07 |
| VALE Vale SA-SP ADR | Reduce -12.3% | 0.14% | −0.07 |
| NXPI NXP Semiconductors NV | Reduce -4.4% | 0.33% | −0.07 |
| MS Morgan Stanley | Reduce -30.0% | 0.37% | −0.07 |
| AMGN Amgen Inc. | Reduce -0.3% | 0.28% | −0.07 |
| BBY Best Buy Co. Inc. | Reduce -10.9% | 0.18% | −0.06 |
| EOG EOG Resources Inc. | Reduce -57.9% | 0.05% | −0.06 |
| PH Parker Hannifin Corp. | Reduce -12.1% | 0.50% | −0.06 |
| FCX Freeport-McMoran Inc. | Reduce -51.5% | 0.04% | −0.06 |
| AME Ametek Inc. | Reduce -30.9% | 0.16% | −0.06 |
| BC Brunswick Corp. | Reduce -45.1% | 0.04% | −0.06 |
| RTX RTX Corp. | Reduce -9.8% | 0.37% | −0.06 |
| MU Micron Technology Inc. | Reduce -6.0% | 0.18% | −0.05 |
| CF CF Industries Holdings Inc. | Reduce -46.8% | 0.06% | −0.05 |
| UBER Uber Technologies Inc. | Reduce -8.2% | 0.16% | −0.05 |
| EMN Eastman Chemical Co. | Reduce -0.1% | 0.23% | −0.05 |
| AMTM Amentum Holdings Inc. | Reduce -76.6% | 0.01% | −0.05 |
| STLA Stellantis NV | Sold out | 0.00% | −0.05 |
| GD General Dynamics Corp. | Reduce -24.9% | 0.10% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +1.3% | 4.13% | +0.36 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.33% | +0.33 |
| LULU Lululemon Athletica Inc. | Add +1033.0% | 0.33% | +0.31 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 2.07% | +0.27 |
| DECK Deckers Outdoor Corp. | Add +1062.3% | 0.29% | +0.27 |
| AXP American Express Co. | Add +42.5% | 0.69% | +0.25 |
| COF Capital One Financial Corp. | Add +419.7% | 0.23% | +0.20 |
| EXE Expand Energy Corp. | Add +189.5% | 0.21% | +0.15 |
| WFC Wells Fargo & Co. | Add +3.8% | 0.65% | +0.15 |
| MCK McKesson Corp. | Add +246.1% | 0.17% | +0.13 |
| KKR KKR & Co. Inc. | New | 0.12% | +0.12 |
| BURL Burlington Stores Inc. | Add +231.6% | 0.17% | +0.12 |
| FHN First Horizon Corp. | Add +341.5% | 0.13% | +0.11 |
| WMT Walmart Inc. | Add +28.1% | 0.33% | +0.10 |
| APO Apollo Global Management Inc. | Add +3.9% | 0.36% | +0.10 |
| ORCL Oracle Corp. | Add +24.4% | 0.52% | +0.10 |
| BA The Boeing Co. | Add +104.2% | 0.14% | +0.08 |
| XOM Exxon Mobil Corp. | Add +32.6% | 0.42% | +0.08 |
| SYF Synchrony Financial | Add +4.7% | 0.28% | +0.08 |
| FCNCA First Citizens Bcshs Class A | Add +104.2% | 0.13% | +0.07 |
| RCL Royal Caribbean Cruises Ltd. | Add +0.2% | 0.31% | +0.07 |
| WEC WEC Energy Group Inc. | Add +364.6% | 0.09% | +0.07 |
| NET Cloudflare Inc. Class A | Add +12.3% | 0.20% | +0.07 |
| DKNG Draftkings Inc. Class A | New | 0.07% | +0.07 |
| GM General Motors Co. | Add +10.3% | 0.28% | +0.07 |
| ULTA Ulta Beauty Inc. | Add +8.1% | 0.35% | +0.06 |
| SRE Sempra | Add +53.6% | 0.16% | +0.06 |
| BKNG Booking Holdings Inc. | Add +1.8% | 0.35% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +22.5% | 0.21% | +0.06 |
| MDB Mongodb Inc. | Add +138.1% | 0.11% | +0.05 |
| MFC Manulife Financial Corp. | Add +37.9% | 0.17% | +0.05 |
| DOCU Docusign Inc. | New | 0.05% | +0.05 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Add +7.2% | 0.26% | +0.05 |
| ALV Autoliv Inc. | Add +2086.9% | 0.05% | +0.05 |
| FLEX Flex Ltd. | Add +107.0% | 0.08% | +0.05 |
| DLR Digital Realty Trust Inc. | Add +39.6% | 0.13% | +0.04 |
| BCS Barclays PLC-Spons ADR | Add +7.2% | 0.25% | +0.04 |
| LEN Lennar Corp. Class A | Add +205.9% | 0.07% | +0.04 |
| NBIX Neurocrine Biosciences Inc. | Add +84.6% | 0.07% | +0.04 |
| CTSH Cognizant Tech Solutions-A | Add +19.2% | 0.22% | +0.04 |
| WDAY Workday Inc. Class A | Add +12.4% | 0.20% | +0.03 |
| NWG Natwest Group PLC -Spon ADR | Add +5.0% | 0.24% | +0.03 |
| TMUS T-Mobile US Inc. | Add +10.8% | 0.19% | +0.03 |
| QCOM Qualcomm Inc. | Add +16.0% | 0.58% | +0.03 |
| EMR Emerson Electric Co. | Add +3.6% | 0.18% | +0.03 |
| MAC The Macerich Co. | Add +216.4% | 0.04% | +0.03 |
| SLF Sun Life Financial Inc. | Add +13.0% | 0.19% | +0.03 |
| SNPS Synopsys Inc. | Add +23.7% | 0.16% | +0.03 |
| BWA Borgwarner Inc. | Add +31.3% | 0.19% | +0.03 |
| CNH CNH Industrial NV | New | 0.03% | +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 |