Filed: 8/15/2025ACC: 0001587973-25-000004
📋 What this filing means
STATE OF TENNESSEE, DEPARTMENT OF TREASURY filed this quarterly 13F‑HR report disclosing 1722 equity positions with a total reported market value of $27.96B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1722
Positions
$27.96B
Total AUM (reported)
292.35M
Total Shares
Allocation by class
COMMON STOCK$21.28B76.1%
EXCHANGE TRADED PRODUCT$5.50B19.7%
REAL ESTATE INV TRST$1.02B3.7%
DEPOSITORY RECEIPTS$145.70M0.5%
LMTD PARTNRSHIP UNTS$9.30M0.0%
Portfolio Concentration
Top 3$3.70B13.2%
4–10$4.55B16.3%
11–25$3.78B13.5%
Rest$15.93B57.0%
Top 3 weight
13.2%
Top 10 weight
29.5%
Voting Authority Distribution
Total shares with voting rights: 292.35M
Sole
Full voting authority
292.35M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole1722
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1722
Rows:
NVIDIA CORPORATION COM
SOLEShares8.54M
TypeSH
Market value$1.35B
4.82%
Sole
8.54M
Shared
0.00
None
0.00
MICROSOFT CORP COM
SOLEShares2.58M
TypeSH
Market value$1.28B
4.58%
Sole
2.58M
Shared
0.00
None
0.00
APPLE INC COM
SOLEShares5.20M
TypeSH
Market value$1.07B
3.82%
Sole
5.20M
Shared
0.00
None
0.00
ISHARES INC MSCI TAIWAN ETF
SOLEShares16.01M
TypeSH
Market value$918.75M
3.29%
Sole
16.01M
Shared
0.00
None
0.00
ISHARES TR MSCI INDIA ETF
SOLEShares15.67M
TypeSH
Market value$872.30M
3.12%
Sole
15.67M
Shared
0.00
None
0.00
AMAZON COM INC COM
SOLEShares3.26M
TypeSH
Market value$714.45M
2.56%
Sole
3.26M
Shared
0.00
None
0.00
META PLATFORMS INC CL A
SOLEShares762.22K
TypeSH
Market value$562.59M
2.01%
Sole
762.22K
Shared
0.00
None
0.00
ISHARES INC MSCI STH KOR ETF
SOLEShares7.25M
TypeSH
Market value$520.66M
1.86%
Sole
7.25M
Shared
0.00
None
0.00
VANGUARD INDEX FDS TOTAL STK MKT
SOLEShares1.65M
TypeSH
Market value$502.87M
1.80%
Sole
1.65M
Shared
0.00
None
0.00
BROADCOM INC COM
SOLEShares1.66M
TypeSH
Market value$456.73M
1.63%
Sole
1.66M
Shared
0.00
None
0.00
ALPHABET INC CAP STK CL A
SOLEShares1.99M
TypeSH
Market value$351.39M
1.26%
Sole
1.99M
Shared
0.00
None
0.00
TESLA INC COM
SOLEShares965.63K
TypeSH
Market value$306.74M
1.10%
Sole
965.63K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL CL B NEW
SOLEShares626.63K
TypeSH
Market value$304.40M
1.09%
Sole
626.63K
Shared
0.00
None
0.00
ALPHABET INC CAP STK CL C
SOLEShares1.69M
TypeSH
Market value$300.12M
1.07%
Sole
1.69M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO COM
SOLEShares974.87K
TypeSH
Market value$282.63M
1.01%
Sole
974.87K
Shared
0.00
None
0.00
SSGA ACTIVE ETF TR BLACKSTONE SENR
SOLEShares6.45M
TypeSH
Market value$268.10M
0.96%
Sole
6.45M
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT
SOLEShares4.37M
TypeSH
Market value$248.97M
0.89%
Sole
4.37M
Shared
0.00
None
0.00
ISHARES TR IBOXX HI YD ETF
SOLEShares2.76M
TypeSH
Market value$222.21M
0.79%
Sole
2.76M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS INT-TERM CORP
SOLEShares2.65M
TypeSH
Market value$219.66M
0.79%
Sole
2.65M
Shared
0.00
None
0.00
ELI LILLY & CO COM
SOLEShares278.20K
TypeSH
Market value$216.86M
0.78%
Sole
278.20K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS LG-TERM COR BD
SOLEShares2.83M
TypeSH
Market value$214.64M
0.77%
Sole
2.83M
Shared
0.00
None
0.00
ISHARES INC MSCI BRAZIL ETF
SOLEShares7.40M
TypeSH
Market value$213.42M
0.76%
Sole
7.40M
Shared
0.00
None
0.00
ISHARES TR MBS ETF
SOLEShares2.27M
TypeSH
Market value$213.08M
0.76%
Sole
2.27M
Shared
0.00
None
0.00
VISA INC COM CL A
SOLEShares599.53K
TypeSH
Market value$212.86M
0.76%
Sole
599.53K
Shared
0.00
None
0.00
PROLOGIS INC COM
SOLEShares1.99M
TypeSH
Market value$209.64M
0.75%
Sole
1.99M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATION COMSOLE | COMMON STOCK | 8.54M | SH | $1.35B 4.82% | 8.54M | 0.00 | 0.00 |
MICROSOFT CORP COMSOLE | COMMON STOCK | 2.58M | SH | $1.28B 4.58% | 2.58M | 0.00 | 0.00 |
APPLE INC COMSOLE | COMMON STOCK | 5.20M | SH | $1.07B 3.82% | 5.20M | 0.00 | 0.00 |
ISHARES INC MSCI TAIWAN ETFSOLE | EXCHANGE TRADED PRODUCT | 16.01M | SH | $918.75M 3.29% | 16.01M | 0.00 | 0.00 |
ISHARES TR MSCI INDIA ETFSOLE | EXCHANGE TRADED PRODUCT | 15.67M | SH | $872.30M 3.12% | 15.67M | 0.00 | 0.00 |
AMAZON COM INC COMSOLE | COMMON STOCK | 3.26M | SH | $714.45M 2.56% | 3.26M | 0.00 | 0.00 |
META PLATFORMS INC CL ASOLE | COMMON STOCK | 762.22K | SH | $562.59M 2.01% | 762.22K | 0.00 | 0.00 |
ISHARES INC MSCI STH KOR ETFSOLE | EXCHANGE TRADED PRODUCT | 7.25M | SH | $520.66M 1.86% | 7.25M | 0.00 | 0.00 |
VANGUARD INDEX FDS TOTAL STK MKTSOLE | EXCHANGE TRADED PRODUCT | 1.65M | SH | $502.87M 1.80% | 1.65M | 0.00 | 0.00 |
BROADCOM INC COMSOLE | COMMON STOCK | 1.66M | SH | $456.73M 1.63% | 1.66M | 0.00 | 0.00 |
ALPHABET INC CAP STK CL ASOLE | COMMON STOCK | 1.99M | SH | $351.39M 1.26% | 1.99M | 0.00 | 0.00 |
TESLA INC COMSOLE | COMMON STOCK | 965.63K | SH | $306.74M 1.10% | 965.63K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DEL CL B NEWSOLE | COMMON STOCK | 626.63K | SH | $304.40M 1.09% | 626.63K | 0.00 | 0.00 |
ALPHABET INC CAP STK CL CSOLE | COMMON STOCK | 1.69M | SH | $300.12M 1.07% | 1.69M | 0.00 | 0.00 |
JPMORGAN CHASE & CO COMSOLE | COMMON STOCK | 974.87K | SH | $282.63M 1.01% | 974.87K | 0.00 | 0.00 |
SSGA ACTIVE ETF TR BLACKSTONE SENRSOLE | EXCHANGE TRADED PRODUCT | 6.45M | SH | $268.10M 0.96% | 6.45M | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKTSOLE | EXCHANGE TRADED PRODUCT | 4.37M | SH | $248.97M 0.89% | 4.37M | 0.00 | 0.00 |
ISHARES TR IBOXX HI YD ETFSOLE | EXCHANGE TRADED PRODUCT | 2.76M | SH | $222.21M 0.79% | 2.76M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDS INT-TERM CORPSOLE | EXCHANGE TRADED PRODUCT | 2.65M | SH | $219.66M 0.79% | 2.65M | 0.00 | 0.00 |
ELI LILLY & CO COMSOLE | COMMON STOCK | 278.20K | SH | $216.86M 0.78% | 278.20K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDS LG-TERM COR BDSOLE | EXCHANGE TRADED PRODUCT | 2.83M | SH | $214.64M 0.77% | 2.83M | 0.00 | 0.00 |
ISHARES INC MSCI BRAZIL ETFSOLE | EXCHANGE TRADED PRODUCT | 7.40M | SH | $213.42M 0.76% | 7.40M | 0.00 | 0.00 |
ISHARES TR MBS ETFSOLE | EXCHANGE TRADED PRODUCT | 2.27M | SH | $213.08M 0.76% | 2.27M | 0.00 | 0.00 |
VISA INC COM CL ASOLE | COMMON STOCK | 599.53K | SH | $212.86M 0.76% | 599.53K | 0.00 | 0.00 |
PROLOGIS INC COMSOLE | REAL ESTATE INV TRST | 1.99M | SH | $209.64M 0.75% | 1.99M | 0.00 | 0.00 |
Page 1 of 69
…