TIAA TRUST, NATIONAL ASSOCIATION

Filed: 11/12/2025ACC: 0000930413-25-003411

📋 What this filing means

TIAA TRUST, NATIONAL ASSOCIATION filed this quarterly 13F‑HR report disclosing 916 equity positions with a total reported market value of $41.23B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

916

Positions

$41.23B

Total AUM (reported)

439.16M

Total Shares

Allocation by class

EXCHANGE TRADED FUND$25.93B62.9%

ETF$10.34B25.1%

COMMON / ORDINARY STOCK$4.82B11.7%

CLOSED-END REIT$44.26M0.1%

AMERICAN DEPOSITORY RECEIPTS ADR$43.48M0.1%

CLOSED-END FUND$40.82M0.1%

COMSTOCK$6.78M0.0%

Portfolio Concentration

Top 3$5.83B14.1%

4–10$8.83B21.4%

11–25$9.33B22.6%

Rest$17.24B41.8%

Top 3 weight

14.1%

Top 10 weight

35.6%

Voting Authority Distribution

Total shares with voting rights: 439.16M

Sole

Full voting authority

405.07M

% of voting shares92.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

34.09M

% of voting shares7.8%

Investment Discretion (by position count)

Sole0

Shared0

Other916

Dominant voting typeSole · 92.2% of voting shares

Institutional Holdings916

Rows:

ISHARES TR CORE MSCI EAFE ETF

DFND

ETF

Shares26.16M

TypeSH

Market value$2.27B

5.51%

Sole

25.48M

Shared

0.00

None

678.18K

ISHARES CORE MSCI EAFE ETF

DFND

Exchange Traded Fund

Shares21.42M

TypeSH

Market value$1.87B

4.54%

Sole

19.50M

Shared

0.00

None

1.92M

VANGUARD GROWTH ETF

DFND

Exchange Traded Fund

Shares3.51M

TypeSH

Market value$1.68B

4.08%

Sole

3.23M

Shared

0.00

None

283.31K

ISHARES RUSSELL TOP 200 GROW

DFND

Exchange Traded Fund

Shares5.94M

TypeSH

Market value$1.63B

3.94%

Sole

5.66M

Shared

0.00

None

282.69K

ISHARES INC CORE MSCI EMERGING MKTS

DFND

ETF

Shares19.65M

TypeSH

Market value$1.29B

3.13%

Sole

19.15M

Shared

0.00

None

503.43K

ISHARES TR MBS ETF

DFND

ETF

Shares13.30M

TypeSH

Market value$1.27B

3.07%

Sole

12.99M

Shared

0.00

None

313.57K

VANGUARD FTSE DEVELOPED ETF

DFND

Exchange Traded Fund

Shares20.31M

TypeSH

Market value$1.22B

2.95%

Sole

18M

Shared

0.00

None

2.31M

VANGUARD VALUE ETF

DFND

Exchange Traded Fund

Shares6.51M

TypeSH

Market value$1.21B

2.95%

Sole

6.03M

Shared

0.00

None

484.93K

ISHARES MBS ETF

DFND

Exchange Traded Fund

Shares12.06M

TypeSH

Market value$1.15B

2.78%

Sole

11.69M

Shared

0.00

None

376.01K

ISHARES RUSSELL TOP 200 VALU

DFND

Exchange Traded Fund

Shares12.15M

TypeSH

Market value$1.07B

2.59%

Sole

11.57M

Shared

0.00

None

575.85K

ISHARES CORE MSCI EMERGING

DFND

Exchange Traded Fund

Shares13M

TypeSH

Market value$856.68M

2.08%

Sole

12.05M

Shared

0.00

None

947.55K

ISHARES TR MSCI EAFE SMALL CAP ETF

DFND

ETF

Shares11.04M

TypeSH

Market value$844.66M

2.05%

Sole

10.75M

Shared

0.00

None

287.94K

ISHARES TR BROAD USD INBD ETFVT GRADE

DFND

ETF

Shares14.78M

TypeSH

Market value$772.00M

1.87%

Sole

14.43M

Shared

0.00

None

349.32K

VANGUARD TAX-EXEMPT BOND ETF

DFND

Exchange Traded Fund

Shares14.23M

TypeSH

Market value$712.54M

1.73%

Sole

12.33M

Shared

0.00

None

1.90M

ISHARES TR ESG AWARE MSCI USA ETF

DFND

ETF

Shares4.78M

TypeSH

Market value$693.94M

1.68%

Sole

4.63M

Shared

0.00

None

147K

ISHARES CORE U.S. AGGREGATE

DFND

Exchange Traded Fund

Shares6.58M

TypeSH

Market value$659.29M

1.60%

Sole

6.35M

Shared

0.00

None

221.50K

ISHARES NATIONAL MUNI BOND E

DFND

Exchange Traded Fund

Shares5.52M

TypeSH

Market value$587.57M

1.43%

Sole

4.66M

Shared

0.00

None

858.32K

SPDR PORTFOLIO DEVELOPED WOR

DFND

Exchange Traded Fund

Shares13.63M

TypeSH

Market value$583.27M

1.41%

Sole

12.10M

Shared

0.00

None

1.53M

VANGUARD RUSSELL 1000 GROWTH

DFND

Exchange Traded Fund

Shares4.79M

TypeSH

Market value$576.94M

1.40%

Sole

4.18M

Shared

0.00

None

611.27K

ISHARES TR RUSSELL 2000 VALUE ETF

DFND

ETF

Shares3.14M

TypeSH

Market value$554.32M

1.34%

Sole

3.06M

Shared

0.00

None

83.42K

ISHARES TR RUSSELL 1000 GROWTH ETF

DFND

ETF

Shares1.12M

TypeSH

Market value$522.26M

1.27%

Sole

1.10M

Shared

0.00

None

20.38K

ISHARES BROAD USD INVESTMENT

DFND

Exchange Traded Fund

Shares9.81M

TypeSH

Market value$512.14M

1.24%

Sole

9.54M

Shared

0.00

None

267.36K

VANGUARD FTSE EMERGING MARKE

DFND

Exchange Traded Fund

Shares9.17M

TypeSH

Market value$496.79M

1.20%

Sole

8.15M

Shared

0.00

None

1.02M

ISHARES TR U S TREAS BD ETF

DFND

ETF

Shares20.97M

TypeSH

Market value$484.76M

1.18%

Sole

20.47M

Shared

0.00

None

501.50K

APPLE INC

DFND

Common / Ordinary Stock

Shares1.87M

TypeSH

Market value$476.13M

1.15%

Sole

1.33M

Shared

0.00

None

540.01K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TR CORE MSCI EAFE ETFDFND	ETF	26.16M	SH	$2.27B 5.51%	25.48M	678.18K
ISHARES CORE MSCI EAFE ETFDFND	Exchange Traded Fund	21.42M	SH	$1.87B 4.54%	19.50M	1.92M
VANGUARD GROWTH ETFDFND	Exchange Traded Fund	3.51M	SH	$1.68B 4.08%	3.23M	283.31K
ISHARES RUSSELL TOP 200 GROWDFND	Exchange Traded Fund	5.94M	SH	$1.63B 3.94%	5.66M	282.69K
ISHARES INC CORE MSCI EMERGING MKTSDFND	ETF	19.65M	SH	$1.29B 3.13%	19.15M	503.43K
ISHARES TR MBS ETFDFND	ETF	13.30M	SH	$1.27B 3.07%	12.99M	313.57K
VANGUARD FTSE DEVELOPED ETFDFND	Exchange Traded Fund	20.31M	SH	$1.22B 2.95%	18M	2.31M
VANGUARD VALUE ETFDFND	Exchange Traded Fund	6.51M	SH	$1.21B 2.95%	6.03M	484.93K
ISHARES MBS ETFDFND	Exchange Traded Fund	12.06M	SH	$1.15B 2.78%	11.69M	376.01K
ISHARES RUSSELL TOP 200 VALUDFND	Exchange Traded Fund	12.15M	SH	$1.07B 2.59%	11.57M	575.85K
ISHARES CORE MSCI EMERGINGDFND	Exchange Traded Fund	13M	SH	$856.68M 2.08%	12.05M	947.55K
ISHARES TR MSCI EAFE SMALL CAP ETFDFND	ETF	11.04M	SH	$844.66M 2.05%	10.75M	287.94K
ISHARES TR BROAD USD INBD ETFVT GRADEDFND	ETF	14.78M	SH	$772.00M 1.87%	14.43M	349.32K
VANGUARD TAX-EXEMPT BOND ETFDFND	Exchange Traded Fund	14.23M	SH	$712.54M 1.73%	12.33M	1.90M
ISHARES TR ESG AWARE MSCI USA ETFDFND	ETF	4.78M	SH	$693.94M 1.68%	4.63M	147K
ISHARES CORE U.S. AGGREGATEDFND	Exchange Traded Fund	6.58M	SH	$659.29M 1.60%	6.35M	221.50K
ISHARES NATIONAL MUNI BOND EDFND	Exchange Traded Fund	5.52M	SH	$587.57M 1.43%	4.66M	858.32K
SPDR PORTFOLIO DEVELOPED WORDFND	Exchange Traded Fund	13.63M	SH	$583.27M 1.41%	12.10M	1.53M
VANGUARD RUSSELL 1000 GROWTHDFND	Exchange Traded Fund	4.79M	SH	$576.94M 1.40%	4.18M	611.27K
ISHARES TR RUSSELL 2000 VALUE ETFDFND	ETF	3.14M	SH	$554.32M 1.34%	3.06M	83.42K
ISHARES TR RUSSELL 1000 GROWTH ETFDFND	ETF	1.12M	SH	$522.26M 1.27%	1.10M	20.38K
ISHARES BROAD USD INVESTMENTDFND	Exchange Traded Fund	9.81M	SH	$512.14M 1.24%	9.54M	267.36K
VANGUARD FTSE EMERGING MARKEDFND	Exchange Traded Fund	9.17M	SH	$496.79M 1.20%	8.15M	1.02M
ISHARES TR U S TREAS BD ETFDFND	ETF	20.97M	SH	$484.76M 1.18%	20.47M	501.50K
APPLE INCDFND	Common / Ordinary Stock	1.87M	SH	$476.13M 1.15%	1.33M	540.01K

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