Tiaa Trust, National Association
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Tiaa Trust, National Association reported 635 stock positions worth $32.1 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 12.0% of the portfolio, followed by iShares Core MSCI Emerging (IEMG, 6.2%) and Vanguard Mrngstar GR ETF-Sui (VUG, 4.2%). Compared with Q4 2024, it opened 24 new positions, sold out of 39, added to 224 and reduced 348. The biggest buy was iShares MSCI Eafe Small-Cap (SCZ, shares +393%) and the biggest sale iShares Core MSCI Emerging (IEMG, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001997405
- Portfolio Value
- $32.1B (Q1 2025)
- SEC Filing
- 0000930413-25-001681 ↗ filed May 8, 2025
Holdings Value
Holdings 635 stocks · $32.1B
| IEFA iShares Core MSCI Eafe ETF | 11.95% | 50,654,752 | $3.8B | Reduce -8.0% |
| IEMG iShares Core MSCI Emerging | 6.18% | 36,708,654 | $2.0B | Reduce -15.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 4.19% | 3,621,210 | $1.3B | Add +0.5% |
| IWY iShares Russell Top 200 Grow | 3.97% | 6,030,046 | $1.3B | Reduce -3.5% |
| VEA Vanguard Ftse Developed ETF | 3.53% | 22,293,011 | $1.1B | Add +0.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.50% | 6,499,231 | $1.1B | Add +4.3% |
| IWX iShares Russell Top 200 Valu | 2.86% | 11,158,373 | $917.0M | Add +8.0% |
| AGG iShares Core U.S. Aggregate | 2.71% | 8,769,111 | $867.4M | Reduce -1.3% |
| IWF iShares Russell 1000 Growth | 2.29% | 2,031,121 | $733.4M | Reduce -2.3% |
| ESGU iShares ESG Aware MSCI USA | 2.22% | 5,840,805 | $712.1M | Add +4.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.90% | 12,247,868 | $607.7M | Reduce -21.1% |
| MUB iShares National Muni Bond E | 1.67% | 5,074,273 | $535.0M | Add +3.9% |
| MBB iShares MBS ETF | 1.56% | 5,333,373 | $500.2M | Reduce -1.1% |
| SCZ iShares MSCI Eafe Small-Cap | 1.54% | 7,751,093 | $492.4M | Add +393.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.46% | 12,850,044 | $467.9M | Reduce -3.5% |
| VWO Vanguard Ftse Emerging Marke | 1.42% | 10,033,292 | $454.1M | Reduce -1.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.35% | 1,676,486 | $433.6M | Reduce -3.1% |
| VONG Vanguard Russell 1000 Growth | 1.34% | 4,642,676 | $430.8M | Add +0.4% |
| IVV iShares Core S&P 500 ETF | 1.34% | 766,539 | $430.7M | Reduce -2.0% |
| IWN iShares Russell 2000 Value E | 1.34% | 2,843,511 | $429.3M | Add +3.9% |
| IWS iShares Russell Mid-Cap Valu | 1.33% | 3,381,633 | $426.0M | Reduce -6.8% |
| VOO Vanguard S&P 500 ETF | 1.30% | 813,592 | $418.1M | Reduce -0.8% |
| AAPL Apple Inc. | 1.28% | 1,852,096 | $411.4M | Add +0.8% |
| IWO iShares Russell 2000 Growth | 1.20% | 1,503,469 | $384.2M | Reduce -0.4% |
| IWR iShares Russell Mid-Cap ETF | 1.11% | 4,169,062 | $354.7M | Reduce -1.1% |
| ESGD iShares Trust iShares ESG Aw | 1.09% | 4,278,805 | $349.5M | Reduce -4.5% |
| VONV Vanguard Russell 1000 Value | 1.06% | 4,112,204 | $339.4M | Add +3.5% |
| SUB iShares Short-Term National | 1.03% | 3,131,108 | $330.6M | Add +80.1% |
| IWP iShares Russell Mid-Cap Grow | 1.02% | 2,793,630 | $328.2M | Reduce -16.4% |
| USIG iShares Broad Usd Investment | 0.89% | 5,556,526 | $283.8M | Reduce -0.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.86% | 1,075,495 | $276.4M | Add +4.4% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.86% | 1,710,038 | $274.5M | Reduce -0.8% |
| QDF NT Qual Div ETF | 0.82% | 3,857,363 | $263.7M | Reduce -4.1% |
| MSFT Microsoft Corp. | 0.81% | 688,107 | $258.3M | Reduce -7.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.77% | 896,014 | $246.3M | Reduce -1.6% |
| SPEM State Street SP PTF Em ETF | 0.74% | 6,065,716 | $238.8M | Add +4.3% |
| IQLT iShares MSCI International Q | 0.74% | 5,940,514 | $235.8M | Reduce -2.6% |
| IWD iShares Russell 1000 Value E | 0.70% | 1,194,557 | $224.8M | Reduce -1.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.66% | 956,466 | $212.1M | Add +0.3% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.60% | 2,447,144 | $191.6M | Reduce -6.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.57% | 751,425 | $183.8M | Add +6.0% |
| IWB iShares Russell 1000 ETF | 0.56% | 581,809 | $178.5M | Add +0.3% |
| ESGE iShares Inc. iShares ESG Awar | 0.53% | 4,876,613 | $170.4M | Reduce -21.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 303,412 | $169.7M | Reduce -0.9% |
| BND Vanguard Total Bond Market | 0.53% | 2,299,636 | $168.9M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 0.49% | 825,818 | $157.1M | Add +3.9% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.49% | 3,860,977 | $156.3M | Reduce -1.8% |
| USHY iShares Broad Usd High Yield | 0.48% | 4,179,108 | $153.8M | Reduce -6.4% |
| GOOGL Alphabet Inc. Class A | 0.48% | 990,347 | $153.1M | Reduce -5.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.47% | 2,928,044 | $149.5M | Reduce -24.5% |
| NVDA Nvidia Corp. | 0.46% | 1,363,473 | $147.8M | Reduce -7.0% |
| BIV Vanguard Intermediate-Term B | 0.46% | 1,921,928 | $147.2M | Reduce -11.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.45% | 774,998 | $144.4M | Add +1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 246,961 | $131.5M | Reduce -0.2% |
| IWM iShares Russell 2000 ETF | 0.39% | 625,692 | $124.8M | Reduce -0.6% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.37% | 469,775 | $118.3M | Add +11.4% |
| JPM JPMorgan Chase & Co. | 0.36% | 468,468 | $114.9M | Reduce -1.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.33% | 1,332,553 | $107.1M | Add +10.2% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.33% | 2,946,662 | $106.9M | Add +5.6% |
| META Meta Platforms Inc. Class A | 0.33% | 184,017 | $106.1M | Reduce -7.7% |
| ESML iShares ESG Aware MSCI USA S | 0.29% | 2,443,797 | $93.9M | Add +2.4% |
| EFV iShares MSCI Eafe Value ETF | 0.28% | 1,533,206 | $90.4M | Add +16.8% |
| QUAL iShares MSCI USA Quality Fac | 0.28% | 521,293 | $89.1M | Reduce -16.9% |
| LLY Eli Lilly & Co. | 0.23% | 90,576 | $74.8M | Reduce -3.0% |
| UNH Unitedhealth Group Inc. | 0.23% | 142,585 | $74.7M | Add +8.3% |
| SCHC Schwab Intl Small-Cap Equity | 0.23% | 2,032,346 | $72.9M | Add +58.5% |
| IJH iShares Core S&P Midcap ETF | 0.22% | 1,209,873 | $70.6M | Add +1.0% |
| JNJ Johnson & Johnson | 0.22% | 418,599 | $69.4M | Add +19.3% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.22% | 2,177,604 | $69.4M | Add +1.1% |
| V Visa Inc. Class A | 0.22% | 196,911 | $69.0M | Reduce -1.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.20% | 82 | $65.5M | Add +24.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.20% | 637,577 | $63.8M | Reduce -18.1% |
| AVGO Broadcom Inc. | 0.19% | 367,397 | $61.5M | Reduce -5.9% |
| XOM Exxon Mobil Corp. | 0.19% | 515,976 | $61.4M | Reduce -1.9% |
| NUSC Nuveen ESG Small-Cap ETF | 0.18% | 1,537,799 | $59.0M | Reduce -0.7% |
| PG The Procter & Gamble Co. | 0.18% | 331,771 | $56.5M | Reduce -0.0% |
| SPSB SS SPDR P St C Corp. ETF | 0.18% | 1,868,211 | $56.2M | Reduce -0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.17% | 112,131 | $55.8M | Add +18.8% |
| IJR iShares Core S&P Small-Cap E | 0.17% | 523,983 | $54.8M | Add +1.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.17% | 965,182 | $53.2M | Reduce -35.7% |
| NYF iShares New York Muni Bond E | 0.16% | 988,759 | $52.1M | Add +20.6% |
| GOOG Alphabet Inc. Class C | 0.16% | 327,975 | $51.2M | Reduce -0.5% |
| IAU iShares Gold Trust | 0.16% | 844,405 | $49.8M | Add +16.9% |
| WMT Walmart Inc. | 0.15% | 554,849 | $48.7M | Add +6.3% |
| AMLP Alerian MLP ETF | 0.15% | 909,442 | $47.2M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 0.14% | 84,600 | $46.4M | Add +0.3% |
| MDYV SS SPDR S&P 400 MC Val ETF | 0.14% | 601,299 | $46.3M | Reduce -25.8% |
| NUMV Nuveen ESG Mid-Cap Value ETF | 0.13% | 1,218,425 | $41.7M | Reduce -3.8% |
| NUEM Nuveen ESG Emerging Markets | 0.13% | 1,377,716 | $40.3M | Reduce -1.2% |
| EMB iShares JP Morgan Usd Emergi | 0.12% | 433,673 | $39.3M | Reduce -1.0% |
| TLT iShares 20+ Year Treasury BD | 0.12% | 426,602 | $38.8M | Add +10.8% |
| PEP Pepsico Inc. | 0.12% | 249,685 | $37.4M | Add +48.5% |
| ABBV Abbvie Inc. | 0.11% | 172,553 | $36.2M | Reduce -1.1% |
| HD Home Depot Inc. | 0.11% | 97,999 | $35.9M | Add +4.7% |
| KO The Coca-Cola Co. | 0.11% | 493,746 | $35.4M | Add +2.2% |
| FLRN SS SPDR BB Ig Float RT ETF | 0.11% | 1,139,150 | $35.1M | Add +32.4% |
| HYD Vaneck High Yield Muni ETF | 0.11% | 663,868 | $34.0M | Reduce -1.4% |
| NOW ServiceNow Inc. | 0.11% | 42,329 | $33.7M | Add +39.5% |
| ORCL Oracle Corp. | 0.10% | 240,721 | $33.7M | Reduce -26.6% |
| CVX Chevron Corp. | 0.10% | 197,908 | $33.1M | Reduce -0.3% |
Portfolio Sells Q4 2024 → Q1 2025
| IEMG iShares Core MSCI Emerging | Reduce -15.3% | 6.18% | −0.70 |
| IWY iShares Russell Top 200 Grow | Reduce -3.5% | 3.97% | −0.49 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -21.1% | 1.90% | −0.47 |
| IWP iShares Russell Mid-Cap Grow | Reduce -16.4% | 1.02% | −0.26 |
| IWF iShares Russell 1000 Growth | Reduce -2.3% | 2.29% | −0.26 |
| MSFT Microsoft Corp. | Reduce -7.0% | 0.81% | −0.14 |
| NVDA Nvidia Corp. | Reduce -7.0% | 0.46% | −0.14 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -24.5% | 0.47% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -5.7% | 0.48% | −0.13 |
| IWO iShares Russell 2000 Growth | Reduce -0.4% | 1.20% | −0.12 |
| ESGE iShares Inc. iShares ESG Awar | Reduce -21.1% | 0.53% | −0.10 |
| IWS iShares Russell Mid-Cap Valu | Reduce -6.8% | 1.33% | −0.10 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -35.7% | 0.17% | −0.09 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Reduce -6.4% | 0.60% | −0.08 |
| AVGO Broadcom Inc. | Reduce -5.9% | 0.19% | −0.08 |
| QUAL iShares MSCI USA Quality Fac | Reduce -16.9% | 0.28% | −0.06 |
| ORCL Oracle Corp. | Reduce -26.6% | 0.10% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -46.8% | 0.06% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -2.0% | 1.34% | −0.05 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -25.8% | 0.14% | −0.05 |
| ZTS Zoetis Inc. | Reduce -81.1% | 0.01% | −0.05 |
| GS Goldman Sachs Group Inc. | Reduce -62.3% | 0.03% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -87.1% | 0.01% | −0.04 |
| IWV iShares Russell 3000 ETF | Reduce -26.8% | 0.10% | −0.04 |
| ACN Accenture PLC Class A | Reduce -33.1% | 0.06% | −0.04 |
| QDF NT Qual Div ETF | Reduce -4.1% | 0.82% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -67.0% | 0.02% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -0.8% | 1.30% | −0.04 |
| AMT American Tower Corp. | Reduce -86.3% | 0.01% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -33.0% | 0.06% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -3.1% | 1.35% | −0.03 |
| MAR Marriott International Class A | Reduce -79.9% | 0.01% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.6% | 0.77% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -0.6% | 0.39% | −0.03 |
| BIV Vanguard Intermediate-Term B | Reduce -11.1% | 0.46% | −0.03 |
| MNDY Monday.com Ltd. | Reduce -87.0% | 0.01% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 0.16% | −0.03 |
| STPZ PIMCO 1-5 Year US Tips Index | Reduce -43.1% | 0.05% | −0.03 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -18.1% | 0.20% | −0.03 |
| CSX CSX Corp. | Reduce -67.6% | 0.01% | −0.03 |
| NET Cloudflare Inc. Class A | Reduce -97.5% | 0.00% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -32.0% | 0.07% | −0.03 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -39.9% | 0.04% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -1.1% | 1.11% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -7.7% | 0.33% | −0.02 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.02 |
| ADBE Adobe Inc. | Reduce -21.6% | 0.05% | −0.02 |
| USHY iShares Broad Usd High Yield | Reduce -6.4% | 0.48% | −0.02 |
| EWC iShares MSCI Canada ETF | Sold out | 0.00% | −0.02 |
| TECK Teck Resources Ltd.-CLS B | Reduce -93.6% | 0.00% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| SCZ iShares MSCI Eafe Small-Cap | Add +393.3% | 1.54% | +1.25 |
| SUB iShares Short-Term National | Add +80.1% | 1.03% | +0.47 |
| IWX iShares Russell Top 200 Valu | Add +8.0% | 2.86% | +0.38 |
| VEA Vanguard Ftse Developed ETF | Add +0.7% | 3.53% | +0.32 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +4.3% | 3.50% | +0.30 |
| SCHC Schwab Intl Small-Cap Equity | Add +58.5% | 0.23% | +0.09 |
| MUB iShares National Muni Bond E | Add +3.9% | 1.67% | +0.09 |
| VONV Vanguard Russell 1000 Value | Add +3.5% | 1.06% | +0.08 |
| EFV iShares MSCI Eafe Value ETF | Add +16.8% | 0.28% | +0.07 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +24.2% | 0.20% | +0.07 |
| SPEM State Street SP PTF Em ETF | Add +4.3% | 0.74% | +0.07 |
| JNJ Johnson & Johnson | Add +19.3% | 0.22% | +0.06 |
| SNOW Snowflake Inc. | New | 0.06% | +0.06 |
| WDAY Workday Inc. Class A | Add +1368.2% | 0.06% | +0.05 |
| STZ Constellation Brands Inc. Class A | Add +3509.4% | 0.05% | +0.05 |
| QCOM Qualcomm Inc. | Add +208.4% | 0.07% | +0.05 |
| VPU Vanguard Utilities ETF | Add +2023.8% | 0.05% | +0.05 |
| REGN Regeneron Pharmaceuticals | Add +1187.4% | 0.05% | +0.05 |
| IAU iShares Gold Trust | Add +16.9% | 0.16% | +0.05 |
| SHOP Shopify Inc. Class A | New | 0.05% | +0.05 |
| PEP Pepsico Inc. | Add +48.5% | 0.12% | +0.04 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +5.6% | 0.33% | +0.04 |
| ABNB Airbnb Inc. Class A | New | 0.04% | +0.04 |
| ESGU iShares ESG Aware MSCI USA | Add +4.9% | 2.22% | +0.04 |
| GEV GE Vernova Inc. | Add +345.6% | 0.05% | +0.03 |
| TEAM Atlassian Corp. Class A | New | 0.03% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +8.3% | 0.23% | +0.03 |
| FCX Freeport-McMoran Inc. | Add +1662.5% | 0.03% | +0.03 |
| NYF iShares New York Muni Bond E | Add +20.6% | 0.16% | +0.03 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +32.4% | 0.11% | +0.03 |
| CSCO Cisco Systems Inc. | Add +31.8% | 0.10% | +0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +6.0% | 0.57% | +0.03 |
| WFC Wells Fargo & Co. | Add +32.2% | 0.09% | +0.03 |
| PWR Quanta Services Inc. | Add +594.3% | 0.03% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Add +18.8% | 0.17% | +0.02 |
| GE General Electric | Add +9.8% | 0.08% | +0.02 |
| NUDM Nuveen ESG Intl Devel MRK Eq | Add +1.1% | 0.22% | +0.02 |
| PPL PPL Corp. | Add +129.2% | 0.03% | +0.02 |
| MELI MercadoLibre Inc. | Add +24.4% | 0.06% | +0.02 |
| TLT iShares 20+ Year Treasury BD | Add +10.8% | 0.12% | +0.02 |
| KO The Coca-Cola Co. | Add +2.2% | 0.11% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | Add +63.3% | 0.06% | +0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +4.4% | 0.86% | +0.02 |
| TJX TJX Companies Inc. | Add +20.1% | 0.09% | +0.02 |
| HEEM iShares Crncy Hedgd MSCI Em | Add +18.9% | 0.08% | +0.02 |
| IEF iShares 7-10 Year Treasury B | Add +23.4% | 0.07% | +0.02 |
| ANET Arista Networks Inc. | Add +71.4% | 0.07% | +0.01 |
| SPOT Spotify Technology SA | Add +8.1% | 0.05% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.6% | 0.08% | +0.01 |
| DUK Duke Energy Corp. | Add +6.6% | 0.06% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 344 | $1.7B | IEFA, VOO, VUG, IEMG, VTV |
| Q1 2026 | 390 | $1.6B | IEFA, VOO, VUG, MBB, IEMG |
| Q4 2025 | 680 | $41.7B | IEFA, MBB, IEMG, VUG, IWY |
| Q3 2025 | 687 | $41.2B | IEFA, MBB, IEMG, VUG, IWY |
| Q2 2025 | 639 | $38.4B | IEFA, MBB, IEMG, VUG, IWY |
| Q1 2025 | 635 | $32.1B | IEFA, IEMG, VUG, IWY, VEA |
| Q4 2024 | 650 | $32.9B | IEFA, IEMG, VUG, IWY, VEA |
| Q3 2024 | 645 | $33.5B | IEFA, IEMG, IWY, VUG, VEA |
| Q2 2024 | 633 | $32.4B | IEFA, IEMG, IWY, VUG, VEA |
| Q1 2024 | 622 | $32.7B | IEFA, IEMG, IWS, VUG, IWP |