STATE OF TENNESSEE TREASURY DEPARTMENT
Q4 2023 Form 13-F
NASHVILLE, TENNESSEE
CIK 0001587973
· Institutional investment manager
$25.5B Reported Value Total
Reported value
$25.5B
Quarter over quarter
+10.7%
Holdings
1,657
Top-10 concentration
24.3%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Jonathan Schwartz
Director of Investment Securities Compliance
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Q4 2023 13F record
Q4 2023 13F filing summary
| Period of report | December 31, 2023 |
|---|---|
| Filed | February 14, 2024 |
| Form | 13F-HR |
| Reported value | $25.5B |
| Positions | 1,657 |
| Change in reported value | +3.0% |
| New positions | 130 |
| Exited positions | 72 |
| Position turnover | 11.7% |
| Top-10 concentration | 24.3% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
1,721 | $33.7B |
|
Q1 2026 13F
Filed May 15, 2026
|
1,721 | $29.8B |
|
Q4 2025 13F
Filed Feb 18, 2026
|
1,727 | $31.3B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
1,727 | $30.0B |
|
Q2 2025 13F
Filed Aug 15, 2025
|
1,722 | $28.0B |
|
Q1 2025 13F
Filed May 13, 2025
|
1,719 | $26.1B |
|
Q4 2024 13F
Filed Feb 13, 2025
|
1,737 | $27.6B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
1,716 | $28.4B |
|
Q2 2024 13F
Filed Aug 13, 2024
|
1,712 | $27.2B |
|
Q1 2024 13F
Filed May 14, 2024
|
1,685 | $27.0B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
1,657 | $25.5B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
1,599 | $24.8B |
|
Q2 2023 13F
Filed Aug 15, 2023
|
1,707 | $23.9B |
|
Q1 2023 13F
Filed May 12, 2023
|
1,654 | $22.5B |
|
Q4 2022 13F
Filed Feb 15, 2023
|
1,624 | $21.4B |
|
Q3 2022 13F
Filed Nov 15, 2022
|
1,649 | $20.6B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
1,640 | $21.5B |
|
Q1 2022 13F
Filed May 11, 2022
|
1,680 | $26.0B |
|
Q4 2021 13F
Filed Feb 15, 2022
|
1,680 | $27.2B |
|
Q3 2021 13F
Filed Nov 12, 2021
|
1,665 | $25.6B |
32 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | AAPL APPLE INC COM | $1.2B | 4.56% |
| 2 | MSFT MICROSOFT CORP COM | $1.2B | 4.53% |
| 3 | VTI VANGUARD INDEX FDS TOTAL STK MKT | $603.3M | 2.36% |
| 4 | AMZN AMAZON COM INC COM | $580.7M | 2.28% |
| 5 | EWT ISHARES INC MSCI TAIWAN ETF | $541.0M | 2.12% |
| 6 | EWY ISHARES INC MSCI STH KOR ETF | $517.7M | 2.03% |
| 7 | NVDA NVIDIA CORPORATION COM | $509.8M | 2.0% |
| 8 | INDA ISHARES TR MSCI INDIA ETF | $416.7M | 1.63% |
| 9 | GOOG ALPHABET INC CAP STK CL C | $374.3M | 1.47% |
| 10 | META META PLATFORMS INC CL A | $332.0M | 1.3% |
| 11 | VCIT VANGUARD SCOTTSDALE FDS INT-TERM CORP | $285.1M | 1.12% |
| 12 | TSLA TESLA INC COM | $280.3M | 1.1% |
| 13 | VEA VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT | $280.3M | 1.1% |
| 14 | MBB ISHARES TR MBS ETF | $277.0M | 1.09% |
| 15 | VCLT VANGUARD SCOTTSDALE FDS LG-TERM COR BD | $275.2M | 1.08% |
| 16 | GOOGL ALPHABET INC CAP STK CL A | $264.5M | 1.04% |
| 17 | EWZ ISHARES INC MSCI BRAZIL ETF | $264.3M | 1.04% |
| 18 | BRK-B BERKSHIRE HATHAWAY INC DEL CL B NEW | $262.7M | 1.03% |
| 19 | VOO VANGUARD INDEX FDS S&P 500 ETF SHS | $237.5M | 0.93% |
| 20 | INDY ISHARES TR INDIA 50 ETF | $226.7M | 0.89% |
Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.