TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY

FRANKFORT, KY · CIK 714142 · 13F filing filed 2024-11-18

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)

$11.5bn reported value +3.0% vs Q2 2024

1,677positions

22.9%in top 10

41 new 166 added 749 reduced 47 sold out vs Q2 2024

This report includes the holdings of 23 other managers that share the investment decisions:

BAILLIE GIFFORD US EQ GROWTH STRATEGY – no 13F of its own this quarter
INTERNAL MGMT JL LOSEY SCHOLARSHIP FUND – 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

15 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 INTERNATIONAL 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 SMALL CAP EQUITY – no 13F of its own this quarter

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

Holdings, Q3 2024

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	1,142,688	$491.7m4.29%	4.29%	Reduced -30.5k	-30,527 -2.6%
2	NVIDIA CORPORATION COM NVDA	NVDA	3,728,893	$452.8m3.95%	3.95%	Reduced -89.5k	-89,517 -2.3%
3	APPLE INC COM AAPL	AAPL	1,855,531	$432.3m3.77%	3.77%	Reduced -62.1k	-62,115 -3.2%
4	AMAZON COM INC COM AMZN	AMZN	1,729,676	$322.3m2.81%	2.81%	Reduced -39.2k	-39,181 -2.2%
5	META PLATFORMS INC CL A META	META	368,981	$211.2m1.84%	1.84%	Reduced -23.9k	-23,879 -6.1%
6	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,242,497	$206.1m1.80%	1.80%	Reduced -48.4k	-48,416 -3.8%
7	BROADCOM INC COM AVGO	AVGO	958,690	$165.4m1.44%	1.44%	Reduced -221.3k	-221,350 -18.8%
8	JPMORGAN CHASE & CO COM JPM	JPM	576,669	$121.6m1.06%	1.06%	Added +76.7k	+76,710 15.3%
9	UNITEDHEALTH GROUP INC COM UNH	UNH	204,264	$119.4m1.04%	1.04%	Reduced -38.9k	-38,898 -16.0%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	620,471	$103.7m0.90%	0.90%	Reduced -52.4k	-52,359 -7.8%
11	UNITED RENTALS INC COM URI	URI	114,515	$92.7m0.81%	0.81%	Reduced -894	-894 -0.8%
12	TESLA INC COM TSLA	TSLA	349,008	$91.3m0.80%	0.80%	Added +9.3k	+9,284 2.7%
13	ELI LILLY & CO COM LLY	LLY	98,512	$87.3m0.76%	0.76%	Reduced -7.2k	-7,175 -6.8%
14	NETFLIX INC COM NFLX	NFLX	119,366	$84.7m0.74%	0.74%	Added +27.1k	+27,052 29.3%
15	PROGRESSIVE CORP COM PGR	PGR	333,433	$84.6m0.74%	0.74%	Added +103.6k	+103,625 45.1%
16	VISA INC COM CL A V	V	293,556	$80.7m0.70%	0.70%	Reduced -9.0k	-9,014 -3.0%
17	MASTERCARD INCORPORATED CL A MA	MA	142,262	$70.2m0.61%	0.61%	Reduced -9.1k	-9,063 -6.0%
18	HOME DEPOT INC COM HD	HD	172,495	$69.9m0.61%	0.61%	Reduced -53.3k	-53,268 -23.6%
19	PARKER-HANNIFIN CORP COM PH	PH	101,837	$64.3m0.56%	0.56%	Reduced -43.9k	-43,901 -30.1%
20	AUTOZONE INC COM AZO	AZO	20,413	$64.3m0.56%	0.56%	Added +427	+427 2.1%
21	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	138,372	$63.7m0.56%	0.56%	Reduced -7.5k	-7,516 -5.2%
22	QUALCOMM INC COM QCOM	QCOM	371,684	$63.2m0.55%	0.55%	Reduced -2.7k	-2,725 -0.7%
23	CHUBB LIMITED COM CB	CB	212,709	$61.3m0.53%	0.53%	Reduced -4.2k	-4,185 -1.9%
24	MERCK & CO INC COM MRK	MRK	519,084	$58.9m0.51%	0.51%	Added +12.9k	+12,940 2.6%
25	WELLS FARGO CO NEW COM WFC	WFC	1,010,101	$57.1m0.50%	0.50%	Added +518.5k	+518,524 105.5%
26	FIFTH THIRD BANCORP COM FITB	FITB	1,330,649	$57.0m0.50%	0.50%	Added +575.4k	+575,449 76.2%
27	BANK AMERICA CORP COM BAC	BAC	1,425,494	$56.6m0.49%	0.49%	Reduced -39.2k	-39,239 -2.7%
28	MASCO CORP COM MAS	MAS	655,914	$55.1m0.48%	0.48%	Added +76.3k	+76,317 13.2%
29	ABBVIE INC COM ABBV	ABBV	273,650	$54.0m0.47%	0.47%	Reduced -8.0k	-7,999 -2.8%
30	SERVICENOW INC COM NOW	NOW	56,838	$50.8m0.44%	0.44%	Reduced -2.5k	-2,495 -4.2%
31	AMERICAN EXPRESS CO COM AXP	AXP	187,004	$50.7m0.44%	0.44%	Reduced -27.2k	-27,223 -12.7%
32	COSTCO WHSL CORP NEW COM COST	COST	56,996	$50.5m0.44%	0.44%	Reduced -2.1k	-2,146 -3.6%
33	MORGAN STANLEY COM NEW MS	MS	480,205	$50.1m0.44%	0.44%	Reduced -21.1k	-21,096 -4.2%
34	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	222,757	$49.2m0.43%	0.43%	Added +13.0k	+12,963 6.2%
35	ORACLE CORP COM ORCL	ORCL	285,309	$48.6m0.42%	0.42%	Reduced -31.4k	-31,433 -9.9%
36	SHELL PLC SPON ADS SHEL	SHEL	736,170	$48.5m0.42%	0.42%	Unchanged
37	RTX CORPORATION COM RTX	RTX	400,629	$48.5m0.42%	0.42%	Added +204.4k	+204,389 104.2%
38	SALESFORCE INC COM CRM	CRM	176,913	$48.4m0.42%	0.42%	Reduced -29.6k	-29,606 -14.3%
39	PROCTER AND GAMBLE CO COM PG	PG	274,077	$47.5m0.41%	0.41%	Reduced -21.6k	-21,624 -7.3%
40	TOTALENERGIES SE SPONSORED ADS SPONSORED ADS		725,470	$46.9m0.41%	0.41%	Added +50.3k	+50,300 7.5%
41	CITIZENS FINL GROUP INC COM CFG	CFG	1,135,152	$46.6m0.41%	0.41%	Added +583.5k	+583,473 105.8%
42	RIO TINTO PLC SPONSORED ADR RIO	RIO	650,180	$46.3m0.40%	0.40%	Unchanged
43	PHILLIPS 66 COM PSX	PSX	351,186	$46.2m0.40%	0.40%	Added +91.9k	+91,918 35.5%
44	NXP SEMICONDUCTORS N V COM NXPI	NXPI	189,284	$45.4m0.40%	0.40%	Reduced -8.4k	-8,386 -4.2%
45	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	96,836	$45.0m0.39%	0.39%	Reduced -1.8k	-1,809 -1.8%
46	JABIL INC COM JBL	JBL	367,642	$44.1m0.38%	0.38%	Added +33.1k	+33,147 9.9%
47	HCA HEALTHCARE INC COM HCA	HCA	104,464	$42.5m0.37%	0.37%	Reduced -1.6k	-1,609 -1.5%
48	AMERIPRISE FINL INC COM AMP	AMP	88,148	$41.4m0.36%	0.36%	Reduced -19.9k	-19,884 -18.4%
49	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	65,425	$40.5m0.35%	0.35%	Reduced -15.7k	-15,680 -19.3%
50	KLA CORP COM NEW KLAC	KLAC	52,231	$40.4m0.35%	0.35%	Reduced -10.7k	-10,667 -17.0%
51	AMGEN INC COM AMGN	AMGN	124,120	$40.0m0.35%	0.35%	Reduced -368	-368 -0.3%
52	THE TRADE DESK INC COM CL A TTD	TTD	362,712	$39.8m0.35%	0.35%	Reduced -5.0k	-5,000 -1.4%
53	EXXON MOBIL CORP COM XOM	XOM	338,489	$39.7m0.35%	0.35%	Reduced -24.7k	-24,722 -6.8%
54	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		506,072	$39.4m0.34%	0.34%	Reduced -9.5k	-9,518 -1.9%
55	FISERV INC COM FISV	FISV	215,985	$38.8m0.34%	0.34%	Reduced -4.2k	-4,170 -1.9%
56	LOWES COS INC COM LOW	LOW	142,497	$38.6m0.34%	0.34%	Added +9.7k	+9,728 7.3%
57	ADOBE INC COM ADBE	ADBE	74,153	$38.4m0.33%	0.33%	Reduced -15.0k	-15,016 -16.8%
58	PHILIP MORRIS INTL INC COM PM	PM	308,483	$37.4m0.33%	0.33%	Reduced -7.0k	-7,012 -2.2%
59	ADVANCED MICRO DEVICES INC COM AMD	AMD	227,995	$37.4m0.33%	0.33%	Reduced -7.5k	-7,512 -3.2%
60	ABBOTT LABS COM ABT	ABT	327,288	$37.3m0.33%	0.33%	Added +97.3k	+97,343 42.3%
61	ON SEMICONDUCTOR CORP COM ON	ON	506,821	$36.8m0.32%	0.32%	Reduced -93.0k	-93,008 -15.5%
62	ONEOK INC NEW COM OKE	OKE	381,240	$34.7m0.30%	0.30%	Reduced -2.2k	-2,174 -0.6%
63	BOOKING HOLDINGS INC COM BKNG	BKNG	7,983	$33.6m0.29%	0.29%	Reduced -844	-844 -9.6%
64	CUMMINS INC COM CMI	CMI	102,771	$33.3m0.29%	0.29%	Reduced -633	-633 -0.6%
65	ULTA BEAUTY INC COM ULTA	ULTA	85,272	$33.2m0.29%	0.29%	Added +50.6k	+50,563 145.7%
66	CRH PLC ORD CRH	CRH	355,410	$33.0m0.29%	0.29%	Unchanged
67	EASTMAN CHEM CO COM EMN	EMN	292,956	$32.8m0.29%	0.29%	Added +52.4k	+52,398 21.8%
68	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	56,594	$32.5m0.28%	0.28%	Unchanged
69	ELEVANCE HEALTH INC COM ELV	ELV	62,395	$32.4m0.28%	0.28%	Reduced -1.2k	-1,209 -1.9%
70	NVR INC COM NVR	NVR	3,284	$32.2m0.28%	0.28%	Unchanged
71	SCHLUMBERGER LTD COM STK SLB	SLB	761,875	$32.0m0.28%	0.28%	Added +156.7k	+156,698 25.9%
72	DELL TECHNOLOGIES INC CL C DELL	DELL	264,100	$31.3m0.27%	0.27%	Added +33.0k	+33,000 14.3%
73	FIRST SOLAR INC COM FSLR	FSLR	122,843	$30.6m0.27%	0.27%	Added +46.5k	+46,475 60.9%
74	DICKS SPORTING GOODS INC COM DKS	DKS	146,282	$30.5m0.27%	0.27%	Reduced -510	-510 -0.3%
75	MARSH & MCLENNAN COS INC COM MRSH	MRSH	136,368	$30.4m0.27%	0.27%	Reduced -2.3k	-2,291 -1.6%
76	CDW CORP COM CDW	CDW	134,057	$30.3m0.26%	0.26%	Reduced -689	-689 -0.5%
77	ALTRIA GROUP INC COM MO	MO	594,032	$30.3m0.26%	0.26%	Added +8.8k	+8,804 1.5%
78	ING GROEP N.V. SPONSORED ADR ING	ING	1,652,810	$30.0m0.26%	0.26%	Reduced -22.8k	-22,800 -1.4%
79	APOLLO GLOBAL MGMT INC COM APO	APO	238,800	$29.8m0.26%	0.26%	Unchanged
80	JOHNSON & JOHNSON COM JNJ	JNJ	182,432	$29.6m0.26%	0.26%	Reduced -11.0k	-11,023 -5.7%
81	TEXTRON INC COM TXT	TXT	328,931	$29.1m0.25%	0.25%	Reduced -1.4k	-1,406 -0.4%
82	AERCAP HOLDINGS NV SHS AER	AER	300,760	$28.5m0.25%	0.25%	Unchanged
83	BEST BUY INC COM BBY	BBY	272,804	$28.2m0.25%	0.25%	Reduced -4.1k	-4,148 -1.5%
84	VERIZON COMMUNICATIONS INC COM VZ	VZ	624,745	$28.1m0.24%	0.24%	Reduced -19.7k	-19,734 -3.1%
85	JACOBS SOLUTIONS INC COM J	J	212,085	$27.8m0.24%	0.24%	Reduced -647	-647 -0.3%
86	STARBUCKS CORP COM SBUX	SBUX	282,651	$27.6m0.24%	0.24%	Added +105.9k	+105,894 59.9%
87	STATE STR CORP COM STT	STT	310,909	$27.5m0.24%	0.24%	Added +4.9k	+4,936 1.6%
88	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	342,030	$27.4m0.24%	0.24%	Added +77.5k	+77,500 29.3%
89	MICRON TECHNOLOGY INC COM MU	MU	261,026	$27.1m0.24%	0.24%	Reduced -4.9k	-4,866 -1.8%
90	EXPEDIA GROUP INC COM NEW EXPE	EXPE	181,878	$26.9m0.23%	0.23%	Added +11.2k	+11,223 6.6%
91	FOX CORP CL A COM FOXA	FOXA	635,511	$26.9m0.23%	0.23%	Reduced -77.1k	-77,082 -10.8%
92	ROYAL CARIBBEAN GROUP COM RCL	RCL	151,163	$26.8m0.23%	0.23%	Reduced -22.0k	-21,961 -12.7%
93	KROGER CO COM KR	KR	461,406	$26.4m0.23%	0.23%	Added +31.8k	+31,778 7.4%
94	NOVARTIS AG SPONSORED ADR NVS	NVS	229,800	$26.4m0.23%	0.23%	Unchanged
95	WALMART INC COM WMT	WMT	326,397	$26.4m0.23%	0.23%	Reduced -16.8k	-16,763 -4.9%
96	KB FINL GROUP INC SPONSORED ADR KB	KB	426,430	$26.3m0.23%	0.23%	Added +56.4k	+56,400 15.2%
97	NRG ENERGY INC COM NEW NRG	NRG	286,479	$26.1m0.23%	0.23%	Reduced -48.4k	-48,357 -14.4%
98	CONOCOPHILLIPS COM COP	COP	246,189	$25.9m0.23%	0.23%	Reduced -81.2k	-81,167 -24.8%
99	BANCO SANTANDER S.A. ADR SAN	SAN	5,066,760	$25.8m0.23%	0.23%	Unchanged
100	KEYCORP COM KEY	KEY	1,541,680	$25.8m0.23%	0.23%	Added +1.5m	+1,467,351 1974.1%

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
Naspers Ltd NPSNY	NPSNY	342,790	$13.4m342.8k shares
CANADIAN NATL RY CO CNI	CNI	86,280	$10.2m86.3k shares
ZOOM COMMUNICATIONS INC ZM	ZM	98,039	$5.8m98.0k shares
VIKING HOLDINGS LTD VIK	VIK	133,739	$4.5m133.7k shares
TE CONNECTIVITY LTD TEL1USD	TEL1USD	24,785	$3.7m24.8k shares
GILDAN ACTIVEWEAR INC GIL	GIL	93,120	$3.5m93.1k shares
ARCELORMITTAL SA LUXEMBOURG MT	MT	131,850	$3.0m131.8k shares
NETSTREIT CORP NTST	NTST	148,753	$2.4m148.8k shares
SQUARESPACE INC SQSP	SQSP	53,527	$2.3m53.5k shares
APARTMENT INCOME REIT CORP AIRC	AIRC	49,007	$1.9m49.0k shares
EQUITRANS MIDSTREAM CORP ETRN	ETRN	142,781	$1.9m142.8k shares
ENCORE WIRE CORP WIRE	WIRE	5,198	$1.5m5.2k shares
10X GENOMICS INC TXG	TXG	68,737	$1.3m68.7k shares
POWERSCHOOL HOLDINGS INC		46,040	$1.0m46.0k shares
WESTROCK CO WRK	WRK	20,382	$1.0m20.4k shares
EUROPEAN WAX CTR INC EWCZ	EWCZ	95,514	$948.0k95.5k shares
SITE CTRS CORP SITC	SITC	58,034	$841.0k58.0k shares
SIX FLAGS ENTMT CORP NEW SIX	SIX	23,295	$772.0k23.3k shares
EVENTBRITE INC EB	EB	155,958	$755.0k156.0k shares
NEW YORK CMNTY BANCORP INC		229,123	$737.0k229.1k shares
INTRA-CELLULAR THERAPIES INC ITCI	ITCI	10,298	$705.0k10.3k shares
HERC HLDGS INC HRI	HRI	4,413	$588.0k4.4k shares
MORPHIC HLDG INC MORF	MORF	17,167	$585.0k17.2k shares
U S SILICA HLDGS INC SLCA	SLCA	24,572	$380.0k24.6k shares
HIBBETT INC HIBB	HIBB	4,175	$364.0k4.2k shares