Filed: 11/14/2025ACC: 0001587973-25-000010
📋 What this filing means
STATE OF TENNESSEE, DEPARTMENT OF TREASURY filed this quarterly 13F‑HR report disclosing 1727 equity positions with a total reported market value of $30.03B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1727
Positions
$30.03B
Total AUM (reported)
298.65M
Total Shares
Allocation by class
COMMON STOCK$22.95B76.4%
EXCHANGE TRADED PRODUCT$5.72B19.1%
REAL ESTATE INV TRST$1.18B3.9%
DEPOSITORY RECEIPTS$167.32M0.6%
LMTD PARTNRSHIP UNTS$9.34M0.0%
SHRS BENEFICIAL INTR$383.1K0.0%
Portfolio Concentration
Top 3$4.24B14.1%
4–10$4.57B15.2%
11–25$4.29B14.3%
Rest$16.93B56.4%
Top 3 weight
14.1%
Top 10 weight
29.4%
Voting Authority Distribution
Total shares with voting rights: 298.65M
Sole
Full voting authority
298.65M
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)
Sole1727
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1727
Rows:
NVIDIA CORPORATION COM
SOLEShares8.50M
TypeSH
Market value$1.59B
5.28%
Sole
8.50M
Shared
0.00
None
0.00
MICROSOFT CORP COM
SOLEShares2.59M
TypeSH
Market value$1.34B
4.47%
Sole
2.59M
Shared
0.00
None
0.00
APPLE INC COM
SOLEShares5.16M
TypeSH
Market value$1.31B
4.38%
Sole
5.16M
Shared
0.00
None
0.00
ISHARES INC MSCI TAIWAN ETF
SOLEShares16.31M
TypeSH
Market value$1.04B
3.45%
Sole
16.31M
Shared
0.00
None
0.00
AMAZON COM INC COM
SOLEShares3.31M
TypeSH
Market value$726.62M
2.42%
Sole
3.31M
Shared
0.00
None
0.00
ISHARES TR MSCI INDIA ETF
SOLEShares11.74M
TypeSH
Market value$611.13M
2.03%
Sole
11.74M
Shared
0.00
None
0.00
ISHARES INC MSCI STH KOR ETF
SOLEShares7.23M
TypeSH
Market value$578.85M
1.93%
Sole
7.23M
Shared
0.00
None
0.00
META PLATFORMS INC CL A
SOLEShares756.60K
TypeSH
Market value$555.63M
1.85%
Sole
756.60K
Shared
0.00
None
0.00
BROADCOM INC COM
SOLEShares1.65M
TypeSH
Market value$545.38M
1.82%
Sole
1.65M
Shared
0.00
None
0.00
VANGUARD INDEX FDS TOTAL STK MKT
SOLEShares1.57M
TypeSH
Market value$516.03M
1.72%
Sole
1.57M
Shared
0.00
None
0.00
ALPHABET INC CAP STK CL A
SOLEShares1.99M
TypeSH
Market value$483.76M
1.61%
Sole
1.99M
Shared
0.00
None
0.00
TESLA INC COM
SOLEShares971.47K
TypeSH
Market value$432.03M
1.44%
Sole
971.47K
Shared
0.00
None
0.00
ALPHABET INC CAP STK CL C
SOLEShares1.67M
TypeSH
Market value$406.88M
1.35%
Sole
1.67M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO COM
SOLEShares1M
TypeSH
Market value$316.97M
1.06%
Sole
1M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL CL B NEW
SOLEShares625.73K
TypeSH
Market value$314.58M
1.05%
Sole
625.73K
Shared
0.00
None
0.00
SSGA ACTIVE ETF TR BLACKSTONE SENR
SOLEShares6.60M
TypeSH
Market value$274.47M
0.91%
Sole
6.60M
Shared
0.00
None
0.00
PROLOGIS INC COM
SOLEShares2.30M
TypeSH
Market value$263.74M
0.88%
Sole
2.30M
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT
SOLEShares4.36M
TypeSH
Market value$261.05M
0.87%
Sole
4.36M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS INT-TERM CORP
SOLEShares2.73M
TypeSH
Market value$229.28M
0.76%
Sole
2.73M
Shared
0.00
None
0.00
ISHARES INC MSCI BRAZIL ETF
SOLEShares7.34M
TypeSH
Market value$227.46M
0.76%
Sole
7.34M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS LG-TERM COR BD
SOLEShares2.88M
TypeSH
Market value$223.34M
0.74%
Sole
2.88M
Shared
0.00
None
0.00
ISHARES TR MBS ETF
SOLEShares2.34M
TypeSH
Market value$222.55M
0.74%
Sole
2.34M
Shared
0.00
None
0.00
VANGUARD INDEX FDS REAL ESTATE ETF
SOLEShares2.40M
TypeSH
Market value$219.57M
0.73%
Sole
2.40M
Shared
0.00
None
0.00
VISA INC COM CL A
SOLEShares609.80K
TypeSH
Market value$208.17M
0.69%
Sole
609.80K
Shared
0.00
None
0.00
ELI LILLY & CO COM
SOLEShares268K
TypeSH
Market value$204.48M
0.68%
Sole
268K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATION COMSOLE | COMMON STOCK | 8.50M | SH | $1.59B 5.28% | 8.50M | 0.00 | 0.00 |
MICROSOFT CORP COMSOLE | COMMON STOCK | 2.59M | SH | $1.34B 4.47% | 2.59M | 0.00 | 0.00 |
APPLE INC COMSOLE | COMMON STOCK | 5.16M | SH | $1.31B 4.38% | 5.16M | 0.00 | 0.00 |
ISHARES INC MSCI TAIWAN ETFSOLE | EXCHANGE TRADED PRODUCT | 16.31M | SH | $1.04B 3.45% | 16.31M | 0.00 | 0.00 |
AMAZON COM INC COMSOLE | COMMON STOCK | 3.31M | SH | $726.62M 2.42% | 3.31M | 0.00 | 0.00 |
ISHARES TR MSCI INDIA ETFSOLE | EXCHANGE TRADED PRODUCT | 11.74M | SH | $611.13M 2.03% | 11.74M | 0.00 | 0.00 |
ISHARES INC MSCI STH KOR ETFSOLE | EXCHANGE TRADED PRODUCT | 7.23M | SH | $578.85M 1.93% | 7.23M | 0.00 | 0.00 |
META PLATFORMS INC CL ASOLE | COMMON STOCK | 756.60K | SH | $555.63M 1.85% | 756.60K | 0.00 | 0.00 |
BROADCOM INC COMSOLE | COMMON STOCK | 1.65M | SH | $545.38M 1.82% | 1.65M | 0.00 | 0.00 |
VANGUARD INDEX FDS TOTAL STK MKTSOLE | EXCHANGE TRADED PRODUCT | 1.57M | SH | $516.03M 1.72% | 1.57M | 0.00 | 0.00 |
ALPHABET INC CAP STK CL ASOLE | COMMON STOCK | 1.99M | SH | $483.76M 1.61% | 1.99M | 0.00 | 0.00 |
TESLA INC COMSOLE | COMMON STOCK | 971.47K | SH | $432.03M 1.44% | 971.47K | 0.00 | 0.00 |
ALPHABET INC CAP STK CL CSOLE | COMMON STOCK | 1.67M | SH | $406.88M 1.35% | 1.67M | 0.00 | 0.00 |
JPMORGAN CHASE & CO COMSOLE | COMMON STOCK | 1M | SH | $316.97M 1.06% | 1M | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DEL CL B NEWSOLE | COMMON STOCK | 625.73K | SH | $314.58M 1.05% | 625.73K | 0.00 | 0.00 |
SSGA ACTIVE ETF TR BLACKSTONE SENRSOLE | EXCHANGE TRADED PRODUCT | 6.60M | SH | $274.47M 0.91% | 6.60M | 0.00 | 0.00 |
PROLOGIS INC COMSOLE | REAL ESTATE INV TRST | 2.30M | SH | $263.74M 0.88% | 2.30M | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKTSOLE | EXCHANGE TRADED PRODUCT | 4.36M | SH | $261.05M 0.87% | 4.36M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDS INT-TERM CORPSOLE | EXCHANGE TRADED PRODUCT | 2.73M | SH | $229.28M 0.76% | 2.73M | 0.00 | 0.00 |
ISHARES INC MSCI BRAZIL ETFSOLE | EXCHANGE TRADED PRODUCT | 7.34M | SH | $227.46M 0.76% | 7.34M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDS LG-TERM COR BDSOLE | EXCHANGE TRADED PRODUCT | 2.88M | SH | $223.34M 0.74% | 2.88M | 0.00 | 0.00 |
ISHARES TR MBS ETFSOLE | EXCHANGE TRADED PRODUCT | 2.34M | SH | $222.55M 0.74% | 2.34M | 0.00 | 0.00 |
VANGUARD INDEX FDS REAL ESTATE ETFSOLE | EXCHANGE TRADED PRODUCT | 2.40M | SH | $219.57M 0.73% | 2.40M | 0.00 | 0.00 |
VISA INC COM CL ASOLE | COMMON STOCK | 609.80K | SH | $208.17M 0.69% | 609.80K | 0.00 | 0.00 |
ELI LILLY & CO COMSOLE | COMMON STOCK | 268K | SH | $204.48M 0.68% | 268K | 0.00 | 0.00 |
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