TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY

FRANKFORT, KY · CIK 714142 · 13F filing filed 2023-05-11

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityTeachers' Retirement System of the State of Kentucky (US)

Kindasset owner
Others nearbyFrankfort, KY

$10.0bn reported value +5.1% vs Q4 2022

1,748positions

18.0%in top 10

48 new 232 added 186 reduced 40 sold out vs Q4 2022

This report includes the holdings of 24 other managers that share the investment decisions:

BAILLIE GIFFORD US EQ GROWTH STR – no 13F of its own this quarter
INTERNAL MGMT J.L. LOSEY SCHOLAR – no 13F of its own this quarter
INTERNAL MGMT S&P 400 INDEX – no 13F of its own this quarter
INTERNAL MGMT S&P 500 INDEX – no 13F of its own this quarter
INTERNAL MGMT S&P 600 INDEX – no 13F of its own this quarter
LIFE BAILLIE GIFFORD US EQ GROWTH – no 13F of its own this quarter
LIFE IN-HOUSE HIGH YIELD BOND – no 13F of its own this quarter
LIFE S&P 400 STOCK INDEX – no 13F of its own this quarter

16 more

LIFE S&P 500 STOCK INDEX – no 13F of its own this quarter
LIFE S&P 600 STOCK INDEX – no 13F of its own this quarter
MED BAILLIE GIFFORD US EQ GROWTH – no 13F of its own this quarter
MED IN-HOUSE HIGH YIELD BOND – no 13F of its own this quarter
MED S&P 400 STOCK INDEX – no 13F of its own this quarter
MED S&P 500 STOCK INDEX – no 13F of its own this quarter
MED S&P 600 STOCK INDEX – no 13F of its own this quarter
STATE STREET US PREMIER GROWTH – no 13F of its own this quarter
TODD INTERNATL INTRINSIC VALUE – no 13F of its own this quarter
TODD INTL INTRINSIC VALUE OPPORTUNITY – no 13F of its own this quarter
TODD INTRINSIC VALUE OPPORTUNITY – no 13F of its own this quarter
TODD LARGE CAP INTRINSIC VALUE – no 13F of its own this quarter
UBS VALUE ORIENTED – no 13F of its own this quarter
WELLINGTON LARGE CAP EQUITY – no 13F of its own this quarter
WELLINGTON MED CAP EQUITY – no 13F of its own this quarter
WELLINGTON SMALL CAP EQUITY – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	1,446,463	$417.0m4.17%	4.17%	Added +2.5k	+2,500 0.2%
2	APPLE INC COM AAPL	AAPL	2,290,474	$377.7m3.78%	3.78%	Reduced -82.3k	-82,260 -3.5%
3	AMAZON COM INC COM AMZN	AMZN	2,077,508	$214.6m2.15%	2.15%	Added +41.6k	+41,630 2.0%
4	UNITEDHEALTH GROUP INC COM UNH	UNH	315,257	$149.0m1.49%	1.49%	Added +13.7k	+13,700 4.5%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,415,798	$146.9m1.47%	1.47%	Added +213.6k	+213,571 17.8%
6	NVIDIA CORPORATION COM NVDA	NVDA	428,187	$118.9m1.19%	1.19%	Added +5.1k	+5,118 1.2%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	1,005,976	$104.6m1.05%	1.05%	Added +7.7k	+7,683 0.8%
8	ABBVIE INC COM ABBV	ABBV	587,815	$93.7m0.94%	0.94%	Added +11.0k	+11,000 1.9%
9	QUALCOMM INC COM QCOM	QCOM	722,361	$92.2m0.92%	0.92%	Added +3.2k	+3,174 0.4%
10	VISA INC COM CL A V	V	389,625	$87.8m0.88%	0.88%	Unchanged
11	TESLA INC COM TSLA	TSLA	412,678	$85.6m0.86%	0.86%	Added +11.9k	+11,918 3.0%
12	META PLATFORMS INC CL A META	META	364,186	$77.2m0.77%	0.77%	Added +41.5k	+41,455 12.8%
13	CHEVRON CORP NEW COM CVX	CVX	445,721	$72.7m0.73%	0.73%	Reduced -5.4k	-5,400 -1.2%
14	MASTERCARD INCORPORATED CL A MA	MA	196,067	$71.3m0.71%	0.71%	Reduced -900	-900 -0.5%
15	EXXON MOBIL CORP COM XOM	XOM	582,507	$63.9m0.64%	0.64%	Added +185.3k	+185,300 46.6%
16	HOME DEPOT INC COM HD	HD	215,601	$63.6m0.64%	0.64%	Reduced -2.1k	-2,100 -1.0%
17	ADVANCED MICRO DEVICES INC COM AMD	AMD	612,831	$60.1m0.60%	0.60%	Reduced -56.0k	-56,044 -8.4%
18	BROADCOM INC COM AVGO	AVGO	90,682	$58.2m0.58%	0.58%	Unchanged
19	SALESFORCE INC COM CRM	CRM	283,358	$56.6m0.57%	0.57%	Reduced -45.0k	-45,002 -13.7%
20	AUTOZONE INC COM AZO	AZO	22,674	$55.7m0.56%	0.56%	Reduced -100	-100 -0.4%
21	COSTCO WHSL CORP NEW COM COST	COST	110,799	$55.1m0.55%	0.55%	Added +4.8k	+4,800 4.5%
22	CONOCOPHILLIPS COM COP	COP	551,648	$54.7m0.55%	0.55%	Reduced -41.2k	-41,200 -7.0%
23	UNITED RENTALS INC COM URI	URI	137,557	$54.4m0.54%	0.54%	Reduced -30.6k	-30,600 -18.2%
24	MORGAN STANLEY COM NEW MS	MS	612,883	$53.8m0.54%	0.54%	Unchanged
25	JPMORGAN CHASE & CO COM JPM	JPM	411,843	$53.7m0.54%	0.54%	Unchanged
26	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	171,739	$53.0m0.53%	0.53%	Unchanged
27	ON SEMICONDUCTOR CORP COM ON	ON	637,071	$52.4m0.52%	0.52%	Reduced -336.6k	-336,640 -34.6%
28	RTX CORPORATION COM RTX	RTX	535,200	$52.4m0.52%	0.52%	Unchanged
29	ELI LILLY & CO COM LLY	LLY	149,095	$51.2m0.51%	0.51%	Reduced -2.0k	-2,031 -1.3%
30	PROCTER AND GAMBLE CO COM PG	PG	343,591	$51.1m0.51%	0.51%	Added +7.4k	+7,424 2.2%
31	SHELL PLC SPON ADS SHEL	SHEL	879,870	$50.6m0.51%	0.51%	Unchanged
32	NETFLIX INC COM NFLX	NFLX	145,427	$50.2m0.50%	0.50%	Reduced -3.2k	-3,200 -2.1%
33	KLA CORP COM NEW KLAC	KLAC	122,432	$48.9m0.49%	0.49%	Added +35.2k	+35,186 40.3%
34	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	154,687	$48.7m0.49%	0.49%	Added +5.5k	+5,500 3.7%
35	TAPESTRY INC COM TPR	TPR	1,111,086	$47.9m0.48%	0.48%	Reduced -130.1k	-130,100 -10.5%
36	AMERIPRISE FINL INC COM AMP	AMP	150,567	$46.1m0.46%	0.46%	Reduced -31.6k	-31,600 -17.4%
37	LOWES COS INC COM LOW	LOW	229,260	$45.8m0.46%	0.46%	Added +8.8k	+8,800 4.0%
38	BANK AMERICA CORP COM BAC	BAC	1,590,323	$45.5m0.45%	0.45%	Unchanged
39	TOTALENERGIES SE SPONSORED ADS SPONSORED ADS		754,870	$44.6m0.45%	0.45%	Reduced -64.0k	-64,000 -7.8%
40	PROGRESSIVE CORP COM PGR	PGR	306,516	$43.9m0.44%	0.44%	Unchanged
41	PARKER-HANNIFIN CORP COM PH	PH	126,485	$42.5m0.43%	0.43%	Reduced -1.3k	-1,300 -1.0%
42	WILLIAMS COS INC COM WMB	WMB	1,408,709	$42.1m0.42%	0.42%	Added +6.2k	+6,200 0.4%
43	AMERICAN EXPRESS CO COM AXP	AXP	247,562	$40.8m0.41%	0.41%	Reduced -26.9k	-26,950 -9.8%
44	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	581,250	$40.3m0.40%	0.40%	Unchanged
45	RIO TINTO PLC SPONSORED ADR RIO	RIO	586,980	$40.3m0.40%	0.40%	Unchanged
46	SCHLUMBERGER LTD COM STK SLB	SLB	814,503	$40.0m0.40%	0.40%	Added +680.0k	+680,012 505.6%
47	HESS CORP COM HES	HES	293,520	$38.8m0.39%	0.39%	Reduced -22.7k	-22,700 -7.2%
48	JOHNSON & JOHNSON COM JNJ	JNJ	250,104	$38.8m0.39%	0.39%	Unchanged
49	NVR INC COM NVR	NVR	6,824	$38.0m0.38%	0.38%	Added +581	+581 9.3%
50	AMGEN INC COM AMGN	AMGN	142,191	$34.4m0.34%	0.34%	Unchanged
51	PFIZER INC COM PFE	PFE	822,024	$33.5m0.34%	0.34%	Unchanged
52	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	57,850	$33.3m0.33%	0.33%	Unchanged
53	INGERSOLL RAND INC COM IR	IR	568,636	$33.1m0.33%	0.33%	Unchanged
54	ELEVANCE HEALTH INC COM ELV	ELV	71,695	$33.0m0.33%	0.33%	Reduced -38.5k	-38,550 -35.0%
55	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		473,409	$32.9m0.33%	0.33%	Added +62.1k	+62,100 15.1%
56	MARSH & MCLENNAN COS INC COM MRSH	MRSH	196,938	$32.8m0.33%	0.33%	Unchanged
57	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	90,885	$32.5m0.32%	0.32%	Added +56.1k	+56,100 161.3%
58	ALTRIA GROUP INC COM MO	MO	712,960	$31.8m0.32%	0.32%	Added +86.0k	+86,000 13.7%
59	VALE S A SPONSORED ADS VALE	VALE	2,013,190	$31.8m0.32%	0.32%	Reduced -21.3k	-21,300 -1.1%
60	EQUINOR ASA SPONSORED ADR EQNR	EQNR	1,115,560	$31.7m0.32%	0.32%	Reduced -319.2k	-319,200 -22.2%
61	MONSTER BEVERAGE CORP NEW COM MNST	MNST	580,038	$31.3m0.31%	0.31%	Reduced -44.4k	-44,374 -7.1%
62	ADOBE INC COM ADBE	ADBE	80,843	$31.2m0.31%	0.31%	Unchanged
63	STEEL DYNAMICS INC COM STLD	STLD	272,229	$30.8m0.31%	0.31%	Added +180.3k	+180,330 196.2%
64	MCDONALDS CORP COM MCD	MCD	109,408	$30.6m0.31%	0.31%	Added +539	+539 0.5%
65	PHILIP MORRIS INTL INC COM PM	PM	310,460	$30.2m0.30%	0.30%	Unchanged
66	MONDELEZ INTL INC CL A MDLZ	MDLZ	425,611	$29.7m0.30%	0.30%	Reduced -74.7k	-74,700 -14.9%
67	APPLIED MATLS INC COM AMAT	AMAT	238,150	$29.3m0.29%	0.29%	Reduced -30.6k	-30,600 -11.4%
68	TEXAS INSTRS INC COM TXN	TXN	155,882	$29.0m0.29%	0.29%	Unchanged
69	SERVICENOW INC COM NOW	NOW	61,021	$28.4m0.28%	0.28%	Unchanged
70	LINDE PLC SHS LIN	LIN	79,408	$28.2m0.28%	0.28%	New
71	JACOBS SOLUTIONS INC COM J	J	237,286	$27.9m0.28%	0.28%	Unchanged
72	DISNEY WALT CO COM DIS	DIS	277,947	$27.8m0.28%	0.28%	Added +12.8k	+12,803 4.8%
73	MODERNA INC COM MRNA	MRNA	181,167	$27.8m0.28%	0.28%	Added +6.7k	+6,700 3.8%
74	GRAINGER W W INC COM GWW	GWW	40,067	$27.6m0.28%	0.28%	Unchanged
75	AMETEK INC COM AME	AME	189,230	$27.5m0.27%	0.27%	Reduced -4.1k	-4,140 -2.1%
76	IQVIA HLDGS INC COM IQV	IQV	137,067	$27.3m0.27%	0.27%	Reduced -15.2k	-15,200 -10.0%
77	NETAPP INC COM NTAP	NTAP	426,244	$27.2m0.27%	0.27%	Added +37.3k	+37,254 9.6%
78	NIKE INC CL B NKE	NKE	220,029	$27.0m0.27%	0.27%	Added +1.9k	+1,930 0.9%
79	COMCAST CORP NEW CL A CMCSA	CMCSA	711,208	$27.0m0.27%	0.27%	Added +98.0k	+98,000 16.0%
80	SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B SQM	SQM	330,400	$26.8m0.27%	0.27%	Added +101.4k	+101,400 44.3%
81	EXPEDITORS INTL WASH INC COM EXPD	EXPD	242,708	$26.7m0.27%	0.27%	Reduced -13.3k	-13,300 -5.2%
82	THE TRADE DESK INC COM CL A TTD	TTD	437,973	$26.7m0.27%	0.27%	Added +19.0k	+19,000 4.5%
83	HCA HEALTHCARE INC COM HCA	HCA	100,480	$26.5m0.26%	0.26%	Reduced -16.3k	-16,300 -14.0%
84	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	550,600	$26.4m0.26%	0.26%	Added +40.7k	+40,700 8.0%
85	ABBOTT LABS COM ABT	ABT	259,582	$26.3m0.26%	0.26%	Added +13.6k	+13,556 5.5%
86	PROLOGIS INC. COM PLD	PLD	209,855	$26.2m0.26%	0.26%	Added +1.0k	+1,034 0.5%
87	NUCOR CORP COM NUE	NUE	169,135	$26.1m0.26%	0.26%	Reduced -16.7k	-16,700 -9.0%
88	PHILLIPS 66 COM PSX	PSX	256,791	$26.0m0.26%	0.26%	Unchanged
89	UBS GROUP AG SHS UBS	UBS	1,208,750	$25.8m0.26%	0.26%	Reduced -152.5k	-152,500 -11.2%
90	MARATHON OIL CORP COM MRO	MRO	1,073,944	$25.7m0.26%	0.26%	Added +64.6k	+64,589 6.4%
91	MERCK & CO INC COM MRK	MRK	240,851	$25.6m0.26%	0.26%	Unchanged
92	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	192,392	$25.2m0.25%	0.25%	Unchanged
93	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	191,818	$25.1m0.25%	0.25%	Added +106.0k	+106,000 123.5%
94	NXP SEMICONDUCTORS N V COM NXPI	NXPI	134,763	$25.1m0.25%	0.25%	Reduced -18.0k	-18,000 -11.8%
95	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	29,282	$24.9m0.25%	0.25%	Reduced -2.0k	-2,000 -6.4%
96	WELLS FARGO CO NEW COM WFC	WFC	664,532	$24.8m0.25%	0.25%	Unchanged
97	DANAHER CORPORATION COM DHR	DHR	97,591	$24.6m0.25%	0.25%	Unchanged
98	ROBERT HALF INC. COM RHI	RHI	304,958	$24.6m0.25%	0.25%	Added +32.4k	+32,398 11.9%
99	S&P GLOBAL INC COM SPGI	SPGI	70,022	$24.1m0.24%	0.24%	Reduced -800	-800 -1.1%
100	HP INC COM HPQ	HPQ	818,619	$24.0m0.24%	0.24%	Added +15.3k	+15,300 1.9%

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
LINDE PLC 99952EUR	99952EUR	79,408	$25.9m79.4k shares
ROCHE HLDG LTD FSPONSORED ADR 1 ADR RE 0.125 ORD SHS RHHBY	RHHBY	380,000	$14.9m380.0k shares
MADISON SQUARE GRDN SPRT COR MSGS	MSGS	52,329	$9.6m52.3k shares
HONDA MOTOR LTD HMC	HMC	356,000	$8.1m356.0k shares
AMERICA MOVIL SAB DE CV AMX	AMX	445,000	$8.1m445.0k shares
DROPBOX INC DBX	DBX	297,558	$6.7m297.6k shares
SPIRIT AIRLS INC SAVE	SAVE	340,528	$6.6m340.5k shares
FUJIFILM Holdings Corp FUJIY	FUJIY	114,930	$5.8m114.9k shares
SEAGEN INC SGEN	SGEN	36,193	$4.7m36.2k shares
LOGITECH INTL S A LOGI	LOGI	55,730	$3.5m55.7k shares
ADIDAS AG ADR ADDYY	ADDYY	44,000	$3.0m44.0k shares
ONO PHARMACEUTICAL CO LTD ADR OPHLY	OPHLY	329,300	$2.5m329.3k shares
WESTERN ALLIANCE BANCORP WAL	WAL	33,790	$2.0m33.8k shares
BURLINGTON STORES INC BURL	BURL	7,602	$1.5m7.6k shares
EXPAND ENERGY CORPORATION EXE	EXE	14,769	$1.4m14.8k shares
STORE CAP CORP STOR	STOR	42,623	$1.4m42.6k shares
SOUTH JERSEY INDS INC SJI	SJI	37,617	$1.3m37.6k shares
APPIAN CORP APPN	APPN	29,605	$965.0k29.6k shares
IAA INC		20,628	$825.0k20.6k shares
LHC GROUP INC LHCG	LHCG	4,986	$806.0k5.0k shares
ATLAS AIR WORLDWIDE HLDGS IN AAWW	AAWW	7,913	$798.0k7.9k shares
SPECTRUM BRANDS HLDGS INC NE SPB	SPB	13,008	$792.0k13.0k shares
COMMSCOPE HLDG CO INC VISN	VISN	106,834	$785.0k106.8k shares
ARMSTRONG WORLD INDS INC NEW AWI	AWI	11,045	$758.0k11.0k shares
UMPQUA HLDGS CORP UMPQ	UMPQ	33,892	$605.0k33.9k shares