TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
Long book
$12.89B
Q1 2026
Positions
1677
Top-10 weight
24%
concentration
Last quarter
+14.7%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsTEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY is a mechanically diversified allocator, running a $12.89B US long book across 1677 positions.
The portfolio is broadly diversified across 1677 positions (top 10 only 24%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.9%
Q2 2024
+6.4%
Q3 2024
+1.3%
Q4 2024
-4.5%
Q1 2025
+11.1%
Q2 2025
+7.8%
Q3 2025
+2.9%
Q4 2025
-3.3%
Q1 2026
+14.7%
Sector allocation
Technology 35%
Financials 13%
Industrials 12%
Consumer discretionary 10%
Healthcare 10%
Services media 6%
Other 4%
Energy 3%
Long book by quarter
What does TEACHERS RETIREMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 3.7M | $640.3M | 5.0% | +1.9% |
| AAPL APPLE INC | Technology | 1.9M | $479.6M | 3.7% | -1.6% |
| MSFT MICROSOFT CORP | Technology | 1.1M | $410.7M | 3.2% | +0.2% |
| GOOGL ALPHABET INC-CL A | Technology | 1.2M | $354.7M | 2.8% | +6.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.7M | $352.5M | 2.7% | +1.0% |
| AVGO BROADCOM INC | Technology | 850.4K | $263.2M | 2.0% | +4.6% |
| META META PLATFORMS INC-CLASS A | Technology | 374.2K | $214.1M | 1.7% | +2.6% |
| GOOG ALPHABET INC-CL C | Technology | 506.1K | $145.2M | 1.1% | -1.2% |
| LLY ELI LILLY & CO | Healthcare | 150.8K | $138.7M | 1.1% | -0.3% |
| JPM JPMORGAN CHASE & CO | Financials | 420.8K | $123.8M | 1.0% | -4.3% |
| TSLA TESLA INC | Industrials | 293.1K | $109.0M | 0.8% | +1.1% |
| V VISA INC-CLASS A SHARES | Services media | 285.9K | $86.4M | 0.7% | -0.8% |
| GILD GILEAD SCIENCES INC | Healthcare | 614.4K | $85.6M | 0.7% | -2.0% |
| CB CHUBB LTD | Financials | 259.6K | $84.6M | 0.7% | +16.1% |
| MU MICRON TECHNOLOGY INC | Technology | 228.3K | $77.1M | 0.6% | +68.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 353.1K | $71.8M | 0.6% | +1.8% |
| NFLX NETFLIX INC | Services media | 742.1K | $71.4M | 0.6% | -22.7% |
| HCA HCA HEALTHCARE INC | Healthcare | 150.7K | $71.3M | 0.6% | +69.7% |
| WMT WALMART INC | Consumer discretionary | 560.5K | $69.7M | 0.5% | -5.3% |
| CSCO CISCO SYSTEMS INC | Technology | 894.1K | $69.4M | 0.5% | +4.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 143.8K | $68.9M | 0.5% | Held |
| PH PARKER HANNIFIN CORP | Industrials | 74.8K | $67.0M | 0.5% | -11.7% |
| XOM EXXON MOBIL CORP | Energy | 393.7K | $66.8M | 0.5% | -11.2% |
| QCOM QUALCOMM INC | Technology | 518.2K | $66.7M | 0.5% | -7.3% |
| TTE TOTALENERGIES SE | Energy | 731.2K | $66.5M | 0.5% | -0.3% |
| KLAC KLA CORP | Other | 43.7K | $64.3M | 0.5% | -10.6% |
| ABBV ABBVIE INC | Healthcare | 290.6K | $63.2M | 0.5% | +4.3% |
| KR KROGER CO | Consumer discretionary | 867.0K | $62.7M | 0.5% | -1.2% |
| MA MASTERCARD INC - A | Services media | 123.4K | $61.7M | 0.5% | +2.6% |
| MDT MEDTRONIC PLC | Healthcare | 702.0K | $60.8M | 0.5% | +17.6% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 301.4K | $59.3M | 0.5% | +76.0% |
| MS MORGAN STANLEY | Financials | 339.0K | $55.8M | 0.4% | -0.6% |
| CMI CUMMINS INC | Industrials | 102.3K | $55.0M | 0.4% | +0.8% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 332.3K | $55.0M | 0.4% | +18.6% |
| BAC BANK OF AMERICA CORP | Financials | 1.1M | $54.6M | 0.4% | Held |
| WFC WELLS FARGO & CO | Financials | 658.7K | $52.4M | 0.4% | -4.9% |
| FTI TECHNIPFMC PLC | Industrials | 692.8K | $47.9M | 0.4% | +7.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 46.7K | $46.6M | 0.4% | Held |
| ORCL ORACLE CORP | Technology | 315.4K | $46.4M | 0.4% | +1.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 189.0K | $46.2M | 0.4% | Held |
| AER AERCAP HOLDINGS NV | Services media | 327.7K | $44.9M | 0.3% | Held |
| AMGN AMGEN INC | Healthcare | 126.2K | $44.4M | 0.3% | Held |
| NRG NRG ENERGY INC | Utilities | 301.8K | $44.1M | 0.3% | +26.7% |
| MO ALTRIA GROUP INC | Consumer staples | 657.0K | $43.4M | 0.3% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 130.1K | $42.8M | 0.3% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 840.1K | $42.2M | 0.3% | +31.7% |
| URI UNITED RENTALS INC | Services media | 57.5K | $41.9M | 0.3% | -2.6% |
| AMAT APPLIED MATERIALS INC | Technology | 122.5K | $41.9M | 0.3% | -7.1% |
| JBL JABIL INC | Technology | 156.4K | $41.5M | 0.3% | -42.1% |
| DELL DELL TECHNOLOGIES -C | Technology | 252.2K | $41.4M | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 3768 | $12.89B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 3749 | $13.34B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 3699 | $13.15B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 3696 | $12.35B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 3723 | $11.08B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 3710 | $11.39B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 18, 2024 | 3662 | $11.47B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 26, 2024 | 3677 | $11.14B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 28, 2024 | 3675 | $11.17B | $K fixed canonical | SEC ↗ |
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