State of Tennessee, Department of Treasury
•CIK: 1587973•Filing: Q4 2025
The State of Tennessee Treasury Department's hedge fund, with $31.3 billion in assets under management, is notable for its tech-heavy portfolio, led by top holdings in NVDA, AAPL, and MSFT. Recent strategic moves include significant additions to HII and PNC, reflecting a focus on industrial and financial sectors, while divesting from SHYG and SJNK.
Total AUM
$31.3B
QoQ Performance
+4.1%
Positions
1,727
Top 10 Concentration
35.6%
Latest Filing
Q4 2025
Top Holdings Allocation
NVDA
NVDA5.1%
AAPL4.2%
MSFT3.6%
EWT2.7%
EWY2.7%
AMZN2.5%
GOOGL2.1%
INDA1.8%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other40.7%
Technology29.4%
Consumer8.1%
Financial6.7%
Healthcare5.3%
Industrial2.6%
Real Estate1.9%
Communication1.6%
🚪 Exited Positionssold since Q3 2025
+1525 more exited positions
Changes from Q3 2025
NEW3 new positions
↑76 increased
↓119 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023