# TIAA, FSB

> Institutional holdings reported to the SEC as of Q2 2023 on Form 13F. CIK 1711615. Source: https://holderbook.com/funds/1711615-tiaa-fsb/

- Reported value: $27.6B
- Positions: 572
- Weight of the ten largest: 48.2%
- Filed: 2023-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $4.0B | 58,979,851 | 14.4% | 19 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.7B | 34,118,876 | 6.1% | 19 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $1.4B | 12,943,315 | 5.1% | 19 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.1B | 11,230,757 | 3.9% | 19 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.1B | 23,334,118 | 3.9% | 19 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $988.4M | 3,493,056 | 3.6% | 19 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $942.6M | 5,944,979 | 3.4% | 18 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $800.6M | 5,634,301 | 2.9% | 19 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $688.8M | 7,032,424 | 2.5% | 19 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $650.8M | 2,365,020 | 2.4% | 19 |
| ISHARES TR | [IWX](https://holderbook.com/stocks/IWX/) | $547.7M | 8,120,765 | 2.0% | 18 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $484.8M | 2,202,016 | 1.8% | 19 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $445.1M | 4,566,732 | 1.6% | 6 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $421.7M | 5,774,179 | 1.5% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $389.6M | 9,576,615 | 1.4% | 19 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $368.9M | 3,955,219 | 1.3% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $364.8M | 1,880,484 | 1.3% | 19 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $352.1M | 864,455 | 1.3% | 19 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $351.6M | 2,497,503 | 1.3% | 19 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $349.4M | 4,791,031 | 1.3% | 6 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $333.6M | 3,125,458 | 1.2% | 19 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $333.2M | 1,373,161 | 1.2% | 19 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $328.9M | 10,107,881 | 1.2% | 13 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $303.7M | 6,047,111 | 1.1% | 5 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $301.7M | 4,263,022 | 1.1% | 19 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $268.6M | 1,941,073 | 1.0% | 19 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $258.7M | 580,422 | 0.9% | 19 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $250.8M | 4,251,872 | 0.9% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $250.2M | 734,586 | 0.9% | 19 |
| FLEXSHARES TR | [QDF](https://holderbook.com/stocks/QDF/) | $244.7M | 4,233,593 | 0.9% | 19 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $239.7M | 6,733,723 | 0.9% | 6 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $223.5M | 3,228,985 | 0.8% | 19 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $210.1M | 1,331,095 | 0.8% | 19 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $192.9M | 937,604 | 0.7% | 19 |
| NUSHARES ETF TR | [NULG](https://holderbook.com/stocks/NULG/) | $190.3M | 3,058,911 | 0.7% | 16 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $186.9M | 848,629 | 0.7% | 19 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $179.2M | 735,225 | 0.6% | 19 |
| NUSHARES ETF TR | [NULV](https://holderbook.com/stocks/NULV/) | $162.4M | 4,686,676 | 0.6% | 16 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $160.2M | 805,462 | 0.6% | 19 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $152.9M | 345,015 | 0.6% | 19 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $151.9M | 4,802,472 | 0.5% | 6 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $146.9M | 4,273,507 | 0.5% | 13 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $133.7M | 713,729 | 0.5% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $125.1M | 1,044,965 | 0.5% | 19 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $119.0M | 455,099 | 0.4% | 19 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $115.2M | 2,667,344 | 0.4% | 13 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $103.1M | 623,414 | 0.4% | 19 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $99.7M | 2,824,235 | 0.4% | 10 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $96.9M | 931,432 | 0.4% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $94.6M | 725,398 | 0.3% | 19 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $93.7M | 462,073 | 0.3% | 19 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $88.6M | 259,847 | 0.3% | 19 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $86.8M | 377,997 | 0.3% | 19 |
| NUSHARES ETF TR | [NUSC](https://holderbook.com/stocks/NUSC/) | $84.0M | 2,269,967 | 0.3% | 16 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $82.6M | 612,472 | 0.3% | 6 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $82.3M | 2,796,586 | 0.3% | 19 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $77.6M | 1,271,674 | 0.3% | 13 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $75.2M | 517,151 | 0.3% | 19 |
| NUSHARES ETF TR | [NUDM](https://holderbook.com/stocks/NUDM/) | $74.1M | 2,557,412 | 0.3% | 6 |
| NUSHARES ETF TR | [NUMV](https://holderbook.com/stocks/NUMV/) | $73.2M | 2,471,473 | 0.3% | 16 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $65.8M | 875,100 | 0.2% | 19 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $63.6M | 638,019 | 0.2% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $63.1M | 381,455 | 0.2% | 19 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $62.0M | 852,733 | 0.2% | 16 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $57.2M | 1,168,296 | 0.2% | 4 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $56.7M | 1,678,117 | 0.2% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $56.2M | 117,017 | 0.2% | 19 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $55.6M | 193,750 | 0.2% | 19 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $54.2M | 103,938 | 0.2% | 19 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $54.2M | 505,013 | 0.2% | 19 |
| NUSHARES ETF TR | [NUMG](https://holderbook.com/stocks/NUMG/) | $53.5M | 1,370,191 | 0.2% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $52.4M | 220,481 | 0.2% | 19 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $49.3M | 569,150 | 0.2% | 19 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $48.7M | 262,909 | 0.2% | 19 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $48.6M | 1,367,116 | 0.2% | 6 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $46.5M | 1,514,522 | 0.2% | 6 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $46.1M | 387,342 | 0.2% | 19 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $45.7M | 93,399 | 0.2% | 19 |
| NUSHARES ETF TR | [NUEM](https://holderbook.com/stocks/NUEM/) | $45.3M | 1,658,713 | 0.2% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $44.7M | 294,865 | 0.2% | 19 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $43.3M | 92,295 | 0.2% | 19 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $43.0M | 372,740 | 0.2% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $42.3M | 349,949 | 0.2% | 19 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $42.1M | 165,520 | 0.2% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $40.3M | 95,191 | 0.1% | 15 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $40.1M | 1,023,694 | 0.1% | 13 |
| SPDR SERIES TRUST | [MDYV](https://holderbook.com/stocks/MDYV/) | $37.8M | 550,270 | 0.1% | 13 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $36.8M | 71 | 0.1% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $34.8M | 220,884 | 0.1% | 19 |
| VANECK ETF TRUST | [HYD](https://holderbook.com/stocks/HYD/) | $33.6M | 654,116 | 0.1% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $32.5M | 104,636 | 0.1% | 19 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $32.4M | 82,346 | 0.1% | 19 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $32.2M | 396,918 | 0.1% | 19 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $31.3M | 860,540 | 0.1% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $31.3M | 232,061 | 0.1% | 19 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $28.1M | 32,436 | 0.1% | 17 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $27.6M | 68,947 | 0.1% | 19 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $27.1M | 358,333 | 0.1% | 19 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $26.3M | 100,536 | 0.1% | 11 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $26.3M | 102,926 | 0.1% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2023 | +4.4% | +8.3% | -3.9% | 100% |
| Q1 2023 | +5.9% | +7.0% | -1.2% | 100% |
| Q4 2022 | +9.0% | +7.1% | +1.9% | 100% |
| Q3 2022 | -6.8% | -5.3% | -1.5% | 100% |
| Q2 2022 | -15.3% | -16.5% | +1.2% | 100% |
| Q1 2022 | -6.2% | -4.9% | -1.3% | 100% |
| Q4 2021 | +4.6% | +10.7% | -6.1% | 100% |
| Q3 2021 | -1.4% | +0.3% | -1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2023 | $27.6B | 572 |
| Q1 2023 | $27.0B | 569 |
| Q4 2022 | $25.4B | 566 |
| Q3 2022 | $23.3B | 567 |
| Q2 2022 | $25.4B | 592 |
| Q1 2022 | $28.8B | 364 |
| Q4 2021 | $30.4B | 368 |
| Q3 2021 | $28.8B | 376 |
| Q2 2021 | $29.2B | 385 |
| Q1 2021 | $28.0B | 368 |
| Q4 2020 | $26.6B | 359 |
| Q3 2020 | $22.4B | 270 |