Tiaa Trust, National Association
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Tiaa Trust, National Association reported 687 stock positions worth $41.2 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 10.0% of the portfolio, followed by iShares MBS ETF (MBB, 5.9%) and iShares Core MSCI Emerging (IEMG, 5.2%). Compared with Q2 2025, it opened 60 new positions, sold out of 12, added to 241 and reduced 340. The biggest buy was iShares Russell 2000 Value E (IWN, shares +63%) and the biggest sale iShares Short-Term National (SUB, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001997405
- Portfolio Value
- $41.2B (Q3 2025)
- SEC Filing
- 0000930413-25-003411 ↗ filed Nov 12, 2025
Holdings Value
Holdings 687 stocks · $41.2B
| IEFA iShares Core MSCI Eafe ETF | 10.05% | 47,576,490 | $4.1B | Add +1.7% |
| MBB iShares MBS ETF | 5.86% | 25,364,396 | $2.4B | Add +5.8% |
| IEMG iShares Core MSCI Emerging | 5.21% | 32,650,052 | $2.1B | Reduce -1.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 4.09% | 3,511,847 | $1.7B | Reduce -3.0% |
| IWY iShares Russell Top 200 Grow | 3.94% | 5,943,258 | $1.6B | Reduce -2.6% |
| USIG iShares Broad Usd Investment | 3.11% | 24,591,007 | $1.3B | Add +6.1% |
| VEA Vanguard Ftse Developed ETF | 2.95% | 20,315,240 | $1.2B | Add +2.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.95% | 6,514,642 | $1.2B | Reduce -0.4% |
| SCZ iShares MSCI Eafe Small-Cap | 2.84% | 15,303,736 | $1.2B | Add +3.4% |
| IWX iShares Russell Top 200 Valu | 2.59% | 12,145,832 | $1.1B | Reduce -3.8% |
| IWF iShares Russell 1000 Growth | 2.15% | 1,895,364 | $885.7M | Reduce -4.3% |
| ESGU iShares ESG Aware MSCI USA | 2.09% | 5,938,745 | $862.7M | Reduce -5.3% |
| AGG iShares Core U.S. Aggregate | 2.07% | 8,520,453 | $854.2M | Add +4.5% |
| IWN iShares Russell 2000 Value E | 1.86% | 4,343,822 | $767.2M | Add +62.5% |
| GOVT iShares US Treasury Bond ETF | 1.84% | 32,786,823 | $758.0M | Add +6.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.73% | 14,255,500 | $713.8M | Add +14.4% |
| MUB iShares National Muni Bond E | 1.43% | 5,529,245 | $588.8M | Add +5.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.41% | 13,631,083 | $583.3M | Add +0.4% |
| VONG Vanguard Russell 1000 Growth | 1.40% | 4,787,990 | $577.0M | Reduce -0.0% |
| VWO Vanguard Ftse Emerging Marke | 1.21% | 9,173,140 | $497.0M | Reduce -3.8% |
| IWS iShares Russell Mid-Cap Valu | 1.16% | 3,427,479 | $478.7M | Add +1.0% |
| AAPL Apple Inc. | 1.16% | 1,872,138 | $476.7M | Add +1.4% |
| VOO Vanguard S&P 500 ETF | 1.14% | 765,177 | $468.6M | Reduce -1.1% |
| IWO iShares Russell 2000 Growth | 1.06% | 1,371,062 | $438.7M | Reduce -0.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.04% | 1,465,568 | $430.5M | Reduce -3.8% |
| IVV iShares Core S&P 500 ETF | 1.03% | 635,696 | $425.5M | Reduce -1.7% |
| VONV Vanguard Russell 1000 Value | 0.99% | 4,545,391 | $406.2M | Add +3.3% |
| MSFT Microsoft Corp. | 0.95% | 753,764 | $390.4M | Add +4.0% |
| ESGD iShares Trust iShares ESG Aw | 0.92% | 4,091,655 | $379.4M | Add +3.2% |
| USHY iShares Broad Usd High Yield | 0.86% | 9,364,978 | $353.9M | Add +5.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.84% | 1,126,221 | $346.7M | Add +0.3% |
| IWP iShares Russell Mid-Cap Grow | 0.84% | 2,428,897 | $345.9M | Reduce -4.4% |
| IWR iShares Russell Mid-Cap ETF | 0.78% | 3,336,167 | $322.1M | Reduce -6.5% |
| QDF NT Qual Div ETF | 0.75% | 3,918,546 | $310.0M | Reduce -3.2% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.68% | 1,598,204 | $279.0M | Reduce -4.5% |
| NVDA Nvidia Corp. | 0.67% | 1,477,299 | $275.6M | Reduce -1.0% |
| IWB iShares Russell 1000 ETF | 0.65% | 736,306 | $268.9M | Add +31.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.63% | 795,814 | $261.2M | Reduce -2.7% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.63% | 2,601,117 | $258.7M | Add +3.5% |
| GOOGL Alphabet Inc. Class A | 0.59% | 1,002,938 | $243.8M | Reduce -1.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.58% | 4,330,027 | $239.6M | Add +13.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.58% | 933,992 | $237.5M | Reduce -0.9% |
| IWD iShares Russell 1000 Value E | 0.57% | 1,150,526 | $234.0M | Reduce -1.9% |
| SPEM State Street SP PTF Em ETF | 0.53% | 4,707,901 | $220.4M | Reduce -5.0% |
| IQLT iShares MSCI International Q | 0.53% | 4,905,852 | $216.8M | Reduce -2.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.52% | 2,038,786 | $213.1M | Add +0.4% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.50% | 4,673,595 | $204.8M | Add +8.9% |
| BIV Vanguard Intermediate-Term B | 0.47% | 2,503,793 | $195.5M | Add +5.5% |
| AMZN Amazon.com Inc. | 0.46% | 870,219 | $191.1M | Reduce -2.5% |
| ESGE iShares Inc. iShares ESG Awar | 0.46% | 4,368,788 | $189.1M | Reduce -1.5% |
| BND Vanguard Total Bond Market | 0.45% | 2,505,957 | $186.4M | Add +1.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.45% | 624,932 | $183.6M | Reduce -4.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.44% | 271,872 | $181.1M | Reduce -5.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.43% | 855,498 | $178.6M | Add +9.3% |
| SCHC Schwab Intl Small-Cap Equity | 0.40% | 3,626,527 | $165.0M | Add +6.0% |
| EFV iShares MSCI Eafe Value ETF | 0.38% | 2,336,764 | $158.5M | Add +3.0% |
| SUB iShares Short-Term National | 0.37% | 1,429,055 | $152.6M | Reduce -58.1% |
| JPM JPMorgan Chase & Co. | 0.36% | 472,928 | $149.2M | Reduce -1.9% |
| IWM iShares Russell 2000 ETF | 0.35% | 589,883 | $142.7M | Add +1.2% |
| META Meta Platforms Inc. Class A | 0.34% | 191,743 | $140.8M | Reduce -1.7% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.34% | 468,752 | $139.5M | Reduce -5.0% |
| EMB iShares JP Morgan Usd Emergi | 0.32% | 1,365,357 | $130.0M | Add +1.2% |
| BNDX Vanguard Total Intl Bond ETF | 0.28% | 2,348,120 | $116.1M | Add +17.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 229,351 | $115.3M | Reduce -0.5% |
| AVGO Broadcom Inc. | 0.27% | 338,341 | $111.6M | Reduce -1.9% |
| ESML iShares ESG Aware MSCI USA S | 0.24% | 2,225,333 | $100.2M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 0.22% | 262,244 | $90.6M | Add +38.6% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.19% | 2,110,509 | $79.4M | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 0.18% | 301,615 | $73.5M | Reduce -3.8% |
| QUAL iShares MSCI USA Quality Fac | 0.18% | 377,472 | $73.4M | Reduce -13.2% |
| ORCL Oracle Corp. | 0.18% | 260,609 | $73.3M | Add +17.0% |
| IJH iShares Core S&P Midcap ETF | 0.18% | 1,107,457 | $72.3M | Reduce -4.9% |
| EFG iShares MSCI Eafe Growth ETF | 0.17% | 623,576 | $71.0M | Reduce -6.7% |
| V Visa Inc. Class A | 0.16% | 193,851 | $66.2M | Add +0.1% |
| NUSC Nuveen ESG Small-Cap ETF | 0.16% | 1,495,268 | $65.9M | Add +1.9% |
| TMO Thermo Fisher Scientific Inc. | 0.15% | 131,012 | $63.5M | Add +5.7% |
| JNJ Johnson & Johnson | 0.15% | 340,134 | $63.1M | Reduce -0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.15% | 81 | $61.1M | No change |
| WMT Walmart Inc. | 0.14% | 568,734 | $58.6M | Add +3.5% |
| LLY Eli Lilly & Co. | 0.14% | 75,970 | $58.0M | Reduce -7.7% |
| IJR iShares Core S&P Small-Cap E | 0.14% | 487,341 | $57.9M | Reduce -5.6% |
| NYF iShares New York Muni Bond E | 0.13% | 1,040,875 | $55.5M | Add +21.2% |
| XOM Exxon Mobil Corp. | 0.13% | 459,140 | $51.8M | Reduce -9.9% |
| JMUB JPMorgan Municipal ETF | 0.12% | 977,385 | $49.3M | Add +7.4% |
| HD Home Depot Inc. | 0.12% | 120,475 | $48.8M | Add +23.7% |
| IAU iShares Gold Trust | 0.12% | 667,556 | $48.6M | Add +6.4% |
| MA Mastercard Inc. Class A | 0.11% | 82,755 | $47.1M | Reduce 0.0% |
| AMLP Alerian MLP ETF | 0.11% | 988,877 | $46.4M | Add +0.6% |
| MDYV SS SPDR S&P 400 MC Val ETF | 0.11% | 533,069 | $44.5M | Reduce -4.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.10% | 490,283 | $42.8M | Reduce -0.9% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.10% | 615,628 | $41.6M | Reduce -15.7% |
| NUEM Nuveen ESG Emerging Markets | 0.10% | 1,153,183 | $41.2M | Reduce -2.3% |
| TSLA Tesla Inc. | 0.10% | 90,006 | $40.0M | Reduce -2.5% |
| CMF iShares California Muni Bond | 0.10% | 699,571 | $39.9M | Reduce -4.4% |
| SPSB SS SPDR P St C Corp. ETF | 0.10% | 1,310,457 | $39.7M | Reduce -1.8% |
| PEP Pepsico Inc. | 0.10% | 282,184 | $39.6M | Add +0.0% |
| RTX RTX Corp. | 0.09% | 231,111 | $38.7M | Add +1.5% |
| NOW ServiceNow Inc. | 0.09% | 41,745 | $38.4M | Add +0.1% |
| APP AppLovin Corp. Class A | 0.09% | 52,749 | $37.9M | Add +431.7% |
| WFC Wells Fargo & Co. | 0.09% | 444,801 | $37.3M | Reduce -13.7% |
Portfolio Sells Q2 2025 → Q3 2025
| SUB iShares Short-Term National | Reduce -58.1% | 0.37% | −0.57 |
| IWX iShares Russell Top 200 Valu | Reduce -3.8% | 2.59% | −0.18 |
| ESGU iShares ESG Aware MSCI USA | Reduce -5.3% | 2.09% | −0.11 |
| IWP iShares Russell Mid-Cap Grow | Reduce -4.4% | 0.84% | −0.08 |
| IWR iShares Russell Mid-Cap ETF | Reduce -6.5% | 0.78% | −0.07 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -3.8% | 1.04% | −0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.4% | 2.95% | −0.06 |
| CRM Salesforce Inc. | Reduce -69.6% | 0.02% | −0.06 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -56.3% | 0.04% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -70.8% | 0.02% | −0.05 |
| TEAM Atlassian Corp. Class A | Reduce -97.0% | 0.00% | −0.05 |
| XLP SS Consumer Staples Sel Sect | Reduce -86.2% | 0.01% | −0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.0% | 4.09% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -2.5% | 0.46% | −0.05 |
| INTU Intuit Inc. | Reduce -32.5% | 0.05% | −0.04 |
| DHR Danaher Corp. | Reduce -72.1% | 0.02% | −0.04 |
| IQLT iShares MSCI International Q | Reduce -2.6% | 0.53% | −0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -4.5% | 0.68% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -95.1% | 0.00% | −0.04 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -4.4% | 0.45% | −0.04 |
| ABNB Airbnb Inc. Class A | Reduce -93.3% | 0.00% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -45.4% | 0.04% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -1.7% | 0.34% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -4.3% | 2.15% | −0.03 |
| FCX Freeport-McMoran Inc. | Reduce -81.1% | 0.01% | −0.03 |
| O Realty Income Corp. | Reduce -89.2% | 0.00% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -13.2% | 0.18% | −0.03 |
| NET Cloudflare Inc. Class A | Reduce -65.7% | 0.02% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -25.0% | 0.05% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -7.7% | 0.14% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -86.6% | 0.00% | −0.03 |
| XLC SS Comm Select Sector SPDR | Reduce -76.4% | 0.01% | −0.03 |
| PM Philip Morris International | Reduce -25.8% | 0.04% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -1.9% | 0.57% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.6% | 0.44% | −0.02 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -6.7% | 0.17% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.8% | 1.21% | −0.02 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -15.7% | 0.10% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -29.1% | 0.04% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -9.9% | 0.13% | −0.02 |
| QDF NT Qual Div ETF | Reduce -3.2% | 0.75% | −0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -5.0% | 0.34% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -13.7% | 0.09% | −0.02 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −0.02 |
| SPEM State Street SP PTF Em ETF | Reduce -5.0% | 0.53% | −0.02 |
| SPOT Spotify Technology SA | Reduce -16.9% | 0.04% | −0.02 |
| SNOW Snowflake Inc. | Reduce -8.7% | 0.09% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -1.7% | 1.03% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.7% | 0.63% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -10.6% | 0.03% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| IWN iShares Russell 2000 Value E | Add +62.5% | 1.86% | +0.76 |
| AAPL Apple Inc. | Add +1.4% | 1.16% | +0.17 |
| IWB iShares Russell 1000 ETF | Add +31.7% | 0.65% | +0.16 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +14.4% | 1.73% | +0.14 |
| APP AppLovin Corp. Class A | Add +431.7% | 0.09% | +0.08 |
| VTEI Vanguard Int Tax-Exempt Bond | New | 0.07% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +38.6% | 0.22% | +0.07 |
| VTES Vanguard SH Term Tax-Ex Bond | New | 0.06% | +0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +13.3% | 0.58% | +0.06 |
| ITM Vaneck Intermediate Muni ETF | New | 0.06% | +0.06 |
| ORCL Oracle Corp. | Add +17.0% | 0.18% | +0.05 |
| SCZ iShares MSCI Eafe Small-Cap | Add +3.4% | 2.84% | +0.05 |
| SNPS Synopsys Inc. | Add +404.4% | 0.05% | +0.04 |
| HUBS HubSpot Inc. | New | 0.04% | +0.04 |
| PLD Prologis Inc. | Add +1606.2% | 0.04% | +0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +9.3% | 0.43% | +0.04 |
| MNDY Monday.com Ltd. | New | 0.03% | +0.03 |
| CMI Cummins Inc. | Add +836.5% | 0.04% | +0.03 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.03% | +0.03 |
| SHOP Shopify Inc. Class A | Add +1969.7% | 0.03% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +72.2% | 0.07% | +0.03 |
| NULV Nuveen ESG Large-Cap Val ETF | Add +8.9% | 0.50% | +0.03 |
| HON Honeywell International Inc. | Add +111.5% | 0.06% | +0.03 |
| WMB Williams Cos Inc. | Add +2350.8% | 0.03% | +0.03 |
| HD Home Depot Inc. | Add +23.7% | 0.12% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | Add +586.4% | 0.03% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +5.7% | 0.15% | +0.02 |
| BNDX Vanguard Total Intl Bond ETF | Add +17.0% | 0.28% | +0.02 |
| AVUV Avantis US Small Cap Value | Add +138.2% | 0.04% | +0.02 |
| SW Smurfit Westrock PLC | New | 0.02% | +0.02 |
| SCHC Schwab Intl Small-Cap Equity | Add +6.0% | 0.40% | +0.02 |
| SPGI S&P Global Inc. | Add +82.1% | 0.05% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +1.2% | 0.35% | +0.02 |
| NYF iShares New York Muni Bond E | Add +21.2% | 0.13% | +0.02 |
| USIG iShares Broad Usd Investment | Add +6.1% | 3.11% | +0.02 |
| IAU iShares Gold Trust | Add +6.4% | 0.12% | +0.02 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +34.8% | 0.07% | +0.01 |
| VRT Vertiv Holdings Co. Class A | Add +64.2% | 0.03% | +0.01 |
| EEM iShares MSCI Emerging Market | Add +71.6% | 0.03% | +0.01 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Add +3.5% | 0.63% | +0.01 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.4% | 0.52% | +0.01 |
| EFV iShares MSCI Eafe Value ETF | Add +3.0% | 0.38% | +0.01 |
| VONV Vanguard Russell 1000 Value | Add +3.3% | 0.99% | +0.01 |
| MSFT Microsoft Corp. | Add +4.0% | 0.95% | +0.01 |
| XLK SS Technology Select Sector | Add +10.2% | 0.07% | +0.01 |
| CVX Chevron Corp. | Add +8.8% | 0.08% | +0.01 |
| RTX RTX Corp. | Add +1.5% | 0.09% | +0.01 |
| CEF Sprott Physical Gold and Sil | Add +10.5% | 0.04% | +0.01 |
| EMLC Vaneck JPM Em Local Curr BND | Add +19.9% | 0.06% | +0.01 |
| TJX TJX Companies Inc. | Add +1.6% | 0.07% | +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 |