TIAA TRUST, NATIONAL ASSOCIATION

Filed: 8/5/2025ACC: 0000930413-25-002382

📋 What this filing means

TIAA TRUST, NATIONAL ASSOCIATION filed this quarterly 13F‑HR report disclosing 959 equity positions with a total reported market value of $38.40B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

959

Positions

$38.40B

Total AUM (reported)

429.78M

Total Shares

Allocation by class

EXCHANGE TRADED FUND$24.28B63.2%

ETF$9.56B24.9%

COMMON / ORDINARY STOCK$4.43B11.5%

AMERICAN DEPOSITORY RECEIPTS ADR$47.61M0.1%

CLOSED-END REIT$39.74M0.1%

CLOSED-END FUND$30.96M0.1%

COMSTOCK$6.27M0.0%

Portfolio Concentration

Top 3$5.49B14.3%

4–10$8.31B21.6%

11–25$8.62B22.5%

Rest$15.98B41.6%

Top 3 weight

14.3%

Top 10 weight

35.9%

Voting Authority Distribution

Total shares with voting rights: 429.78M

Sole

Full voting authority

396.31M

% of voting shares92.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

33.46M

% of voting shares7.8%

Investment Discretion (by position count)

Sole0

Shared0

Other959

Dominant voting typeSole · 92.2% of voting shares

Institutional Holdings959

Rows:

ISHARES TR CORE MSCI EAFE ETF

DFND

ETF

Shares25.63M

TypeSH

Market value$2.13B

5.56%

Sole

24.98M

Shared

0.00

None

645.72K

ISHARES CORE MSCI EAFE ETF

DFND

Exchange Traded Fund

Shares21.16M

TypeSH

Market value$1.77B

4.60%

Sole

19.29M

Shared

0.00

None

1.87M

VANGUARD GROWTH ETF

DFND

Exchange Traded Fund

Shares3.62M

TypeSH

Market value$1.59B

4.13%

Sole

3.33M

Shared

0.00

None

283.31K

ISHARES RUSSELL TOP 200 GROW

DFND

Exchange Traded Fund

Shares6.10M

TypeSH

Market value$1.50B

3.92%

Sole

5.82M

Shared

0.00

None

286.51K

ISHARES INC CORE MSCI EMERGING MKTS

DFND

ETF

Shares20.19M

TypeSH

Market value$1.21B

3.14%

Sole

19.69M

Shared

0.00

None

502.22K

ISHARES TR MBS ETF

DFND

ETF

Shares12.65M

TypeSH

Market value$1.18B

3.08%

Sole

12.36M

Shared

0.00

None

296.07K

VANGUARD VALUE ETF

DFND

Exchange Traded Fund

Shares6.54M

TypeSH

Market value$1.16B

3.01%

Sole

6.07M

Shared

0.00

None

468.34K

VANGUARD FTSE DEVELOPED ETF

DFND

Exchange Traded Fund

Shares19.85M

TypeSH

Market value$1.13B

2.95%

Sole

17.61M

Shared

0.00

None

2.25M

ISHARES RUSSELL TOP 200 VALU

DFND

Exchange Traded Fund

Shares12.63M

TypeSH

Market value$1.06B

2.77%

Sole

12.05M

Shared

0.00

None

579.64K

ISHARES MBS ETF

DFND

Exchange Traded Fund

Shares11.31M

TypeSH

Market value$1.06B

2.77%

Sole

10.97M

Shared

0.00

None

345.99K

ISHARES TR MSCI EAFE SMALL CAP ETF

DFND

ETF

Shares10.98M

TypeSH

Market value$795.16M

2.07%

Sole

10.70M

Shared

0.00

None

278.43K

ISHARES CORE MSCI EMERGING

DFND

Exchange Traded Fund

Shares12.90M

TypeSH

Market value$774.56M

2.02%

Sole

11.99M

Shared

0.00

None

913.12K

ISHARES TR BROAD USD INBD ETFVT GRADE

DFND

ETF

Shares14.27M

TypeSH

Market value$731.14M

1.90%

Sole

13.93M

Shared

0.00

None

334.44K

ISHARES TR ESG AWARE MSCI USA ETF

DFND

ETF

Shares5.14M

TypeSH

Market value$690.61M

1.80%

Sole

4.99M

Shared

0.00

None

148.39K

ISHARES CORE U.S. AGGREGATE

DFND

Exchange Traded Fund

Shares6.27M

TypeSH

Market value$622.14M

1.62%

Sole

6.06M

Shared

0.00

None

210.78K

VANGUARD TAX-EXEMPT BOND ETF

DFND

Exchange Traded Fund

Shares12.42M

TypeSH

Market value$608.76M

1.59%

Sole

10.82M

Shared

0.00

None

1.60M

SPDR PORTFOLIO DEVELOPED WOR

DFND

Exchange Traded Fund

Shares13.58M

TypeSH

Market value$549.86M

1.43%

Sole

12.05M

Shared

0.00

None

1.53M

ISHARES NATIONAL MUNI BOND E

DFND

Exchange Traded Fund

Shares5.25M

TypeSH

Market value$548.38M

1.43%

Sole

4.44M

Shared

0.00

None

813.48K

VANGUARD RUSSELL 1000 GROWTH

DFND

Exchange Traded Fund

Shares4.79M

TypeSH

Market value$522.93M

1.36%

Sole

4.19M

Shared

0.00

None

601.33K

ISHARES TR RUSSELL 1000 GROWTH ETF

DFND

ETF

Shares1.19M

TypeSH

Market value$502.83M

1.31%

Sole

1.17M

Shared

0.00

None

21.27K

VANGUARD FTSE EMERGING MARKE

DFND

Exchange Traded Fund

Shares9.53M

TypeSH

Market value$471.16M

1.23%

Sole

8.50M

Shared

0.00

None

1.03M

ISHARES TR U S TREAS BD ETF

DFND

ETF

Shares20.25M

TypeSH

Market value$463.77M

1.21%

Sole

19.77M

Shared

0.00

None

480.25K

ISHARES BROAD USD INVESTMENT

DFND

Exchange Traded Fund

Shares8.91M

TypeSH

Market value$458.28M

1.19%

Sole

8.67M

Shared

0.00

None

241.86K

ISHARES RUSSELL MID-CAP VALU

DFND

Exchange Traded Fund

Shares3.37M

TypeSH

Market value$445.25M

1.16%

Sole

3.11M

Shared

0.00

None

263.93K

VANGUARD S&P 500 ETF

DFND

Exchange Traded Fund

Shares773.42K

TypeSH

Market value$439.33M

1.14%

Sole

660.20K

Shared

0.00

None

113.22K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TR CORE MSCI EAFE ETFDFND	ETF	25.63M	SH	$2.13B 5.56%	24.98M	645.72K
ISHARES CORE MSCI EAFE ETFDFND	Exchange Traded Fund	21.16M	SH	$1.77B 4.60%	19.29M	1.87M
VANGUARD GROWTH ETFDFND	Exchange Traded Fund	3.62M	SH	$1.59B 4.13%	3.33M	283.31K
ISHARES RUSSELL TOP 200 GROWDFND	Exchange Traded Fund	6.10M	SH	$1.50B 3.92%	5.82M	286.51K
ISHARES INC CORE MSCI EMERGING MKTSDFND	ETF	20.19M	SH	$1.21B 3.14%	19.69M	502.22K
ISHARES TR MBS ETFDFND	ETF	12.65M	SH	$1.18B 3.08%	12.36M	296.07K
VANGUARD VALUE ETFDFND	Exchange Traded Fund	6.54M	SH	$1.16B 3.01%	6.07M	468.34K
VANGUARD FTSE DEVELOPED ETFDFND	Exchange Traded Fund	19.85M	SH	$1.13B 2.95%	17.61M	2.25M
ISHARES RUSSELL TOP 200 VALUDFND	Exchange Traded Fund	12.63M	SH	$1.06B 2.77%	12.05M	579.64K
ISHARES MBS ETFDFND	Exchange Traded Fund	11.31M	SH	$1.06B 2.77%	10.97M	345.99K
ISHARES TR MSCI EAFE SMALL CAP ETFDFND	ETF	10.98M	SH	$795.16M 2.07%	10.70M	278.43K
ISHARES CORE MSCI EMERGINGDFND	Exchange Traded Fund	12.90M	SH	$774.56M 2.02%	11.99M	913.12K
ISHARES TR BROAD USD INBD ETFVT GRADEDFND	ETF	14.27M	SH	$731.14M 1.90%	13.93M	334.44K
ISHARES TR ESG AWARE MSCI USA ETFDFND	ETF	5.14M	SH	$690.61M 1.80%	4.99M	148.39K
ISHARES CORE U.S. AGGREGATEDFND	Exchange Traded Fund	6.27M	SH	$622.14M 1.62%	6.06M	210.78K
VANGUARD TAX-EXEMPT BOND ETFDFND	Exchange Traded Fund	12.42M	SH	$608.76M 1.59%	10.82M	1.60M
SPDR PORTFOLIO DEVELOPED WORDFND	Exchange Traded Fund	13.58M	SH	$549.86M 1.43%	12.05M	1.53M
ISHARES NATIONAL MUNI BOND EDFND	Exchange Traded Fund	5.25M	SH	$548.38M 1.43%	4.44M	813.48K
VANGUARD RUSSELL 1000 GROWTHDFND	Exchange Traded Fund	4.79M	SH	$522.93M 1.36%	4.19M	601.33K
ISHARES TR RUSSELL 1000 GROWTH ETFDFND	ETF	1.19M	SH	$502.83M 1.31%	1.17M	21.27K
VANGUARD FTSE EMERGING MARKEDFND	Exchange Traded Fund	9.53M	SH	$471.16M 1.23%	8.50M	1.03M
ISHARES TR U S TREAS BD ETFDFND	ETF	20.25M	SH	$463.77M 1.21%	19.77M	480.25K
ISHARES BROAD USD INVESTMENTDFND	Exchange Traded Fund	8.91M	SH	$458.28M 1.19%	8.67M	241.86K
ISHARES RUSSELL MID-CAP VALUDFND	Exchange Traded Fund	3.37M	SH	$445.25M 1.16%	3.11M	263.93K
VANGUARD S&P 500 ETFDFND	Exchange Traded Fund	773.42K	SH	$439.33M 1.14%	660.20K	113.22K

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