# TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 714142. Source: https://holderbook.com/funds/714142-teachers-retirement-system-of-the-state-of-kentucky/

- Reported value: $14.7B
- Positions: 1,681
- Weight of the ten largest: 24.8%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $734.0M | 3,668,350 | 5.0% | 30 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $520.3M | 1,798,007 | 3.5% | 30 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $444.4M | 1,243,527 | 3.0% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $407.7M | 1,093,058 | 2.8% | 30 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $392.7M | 1,647,507 | 2.7% | 30 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $333.4M | 882,696 | 2.3% | 30 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $234.1M | 202,775 | 1.6% | 30 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $206.4M | 366,423 | 1.4% | 30 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $184.4M | 521,771 | 1.3% | 30 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $182.9M | 314,887 | 1.2% | 30 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $179.5M | 149,662 | 1.2% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $141.3M | 431,535 | 1.0% | 30 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $125.3M | 415,250 | 0.9% | 30 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $117.8M | 280,124 | 0.8% | 25 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $115.7M | 268,090 | 0.8% | 18 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $102.1M | 299,597 | 0.7% | 30 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $98.4M | 286,676 | 0.7% | 30 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $88.8M | 480,503 | 0.6% | 30 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $87.2M | 742,453 | 0.6% | 30 |
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $84.1M | 2,481,350 | 0.6% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $82.9M | 114,610 | 0.6% | 30 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $82.5M | 293,420 | 0.6% | 30 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $80.2M | 318,801 | 0.5% | 30 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $76.7M | 78,383 | 0.5% | 30 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $74.3M | 144,697 | 0.5% | 30 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $72.4M | 346,119 | 0.5% | 30 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $71.9M | 143,766 | 0.5% | 30 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $68.7M | 143,900 | 0.5% | 30 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $66.6M | 58,772 | 0.5% | 30 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $66.2M | 92,768 | 0.5% | 30 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $64.8M | 1,136,429 | 0.4% | 30 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $63.9M | 563,759 | 0.4% | 30 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $61.1M | 337,888 | 0.4% | 30 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $59.9M | 839,093 | 0.4% | 30 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $58.8M | 4,259,140 | 0.4% | 20 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $58.7M | 150,482 | 0.4% | 30 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $56.4M | 725,500 | 0.4% | 3 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $55.7M | 440,600 | 0.4% | 30 |
| ING GROEP N.V. | [ING](https://holderbook.com/stocks/ING/) | $55.6M | 1,773,070 | 0.4% | 30 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $54.8M | 142,274 | 0.4% | 30 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $54.6M | 660,331 | 0.4% | 30 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $52.8M | 681,430 | 0.4% | 17 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $52.6M | 554,020 | 0.4% | 30 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $52.2M | 3,470,670 | 0.4% | 21 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $52.1M | 924,341 | 0.4% | 30 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $51.9M | 371,695 | 0.4% | 30 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $51.6M | 659,759 | 0.4% | 30 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $50.9M | 726,754 | 0.3% | 30 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $50.9M | 122,360 | 0.3% | 30 |
| MITSUBISHI UFJ FINANCIAL GRO | [MUFG](https://holderbook.com/stocks/MUFG/) | $49.9M | 2,506,310 | 0.3% | 30 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $49.6M | 343,154 | 0.3% | 30 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $48.4M | 672,375 | 0.3% | 30 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $48.0M | 189,024 | 0.3% | 30 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $47.8M | 327,670 | 0.3% | 30 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $47.1M | 167,476 | 0.3% | 30 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $47.0M | 320,631 | 0.3% | 30 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $46.7M | 341,899 | 0.3% | 30 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $46.1M | 329,134 | 0.3% | 30 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $45.9M | 692,800 | 0.3% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $45.9M | 130,103 | 0.3% | 30 |
| BARCLAYS PLC | [BCS](https://holderbook.com/stocks/BCS/) | $45.4M | 1,688,920 | 0.3% | 20 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $44.8M | 119,911 | 0.3% | 19 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $44.3M | 187,549 | 0.3% | 30 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $44.1M | 130,307 | 0.3% | 30 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $44.0M | 300,689 | 0.3% | 30 |
| NATWEST GROUP PLC | [NWG](https://holderbook.com/stocks/NWG/) | $43.9M | 2,490,080 | 0.3% | 16 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $43.8M | 299,863 | 0.3% | 30 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $43.7M | 46,745 | 0.3% | 30 |
| ORIX CORP | [IX](https://holderbook.com/stocks/IX/) | $43.6M | 1,147,000 | 0.3% | 30 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $43.5M | 782,469 | 0.3% | 30 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $42.9M | 98,921 | 0.3% | 7 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $42.5M | 639,599 | 0.3% | 30 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $42.5M | 1,002,576 | 0.3% | 30 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $40.7M | 112,278 | 0.3% | 30 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $39.5M | 224,011 | 0.3% | 30 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $39.4M | 173,821 | 0.3% | 30 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $39.0M | 36,669 | 0.3% | 30 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $38.5M | 143,904 | 0.3% | 30 |
| GEN DIGITAL INC | [GEN](https://holderbook.com/stocks/GEN/) | $38.0M | 1,527,587 | 0.3% | 26 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $38.0M | 50,875 | 0.3% | 30 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $38.0M | 295,607 | 0.3% | 30 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $37.4M | 87,653 | 0.3% | 30 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $36.6M | 48,409 | 0.2% | 30 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $36.4M | 347,200 | 0.2% | 21 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $36.4M | 589,730 | 0.2% | 30 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $35.9M | 232,233 | 0.2% | 30 |
| TEXTRON INC | [TXT](https://holderbook.com/stocks/TXT/) | $35.9M | 391,769 | 0.2% | 30 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $35.7M | 411,177 | 0.2% | 30 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $35.7M | 319,295 | 0.2% | 13 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $35.2M | 197,400 | 0.2% | 30 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $35.0M | 189,630 | 0.2% | 22 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $35.0M | 117,347 | 0.2% | 30 |
| APTIV PLC | [APTV](https://holderbook.com/stocks/APTV/) | $35.0M | 569,448 | 0.2% | 7 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $34.8M | 15,316 | 0.2% | 6 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $34.6M | 34,222 | 0.2% | 30 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $34.5M | 322,240 | 0.2% | 12 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $33.3M | 149,717 | 0.2% | 30 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $33.1M | 195,455 | 0.2% | 30 |
| Veolia Environnement SA | [VEOEY](https://holderbook.com/stocks/VEOEY/) | $31.8M | 1,524,960 | 0.2% | 3 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $31.7M | 403,750 | 0.2% | 30 |

## 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 2026 | +14.6% | +14.8% | -0.2% | 100% |
| Q1 2026 | -3.6% | -4.6% | +1.0% | 100% |
| Q4 2025 | +2.6% | +2.4% | +0.3% | 100% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 100% |
| Q2 2025 | +10.6% | +10.5% | +0.1% | 100% |
| Q1 2025 | -4.9% | -4.6% | -0.3% | 100% |
| Q4 2024 | +0.9% | +2.1% | -1.2% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $14.7B | 1,681 |
| Q1 2026 | $12.9B | 1,677 |
| Q4 2025 | $13.3B | 1,682 |
| Q3 2025 | $13.2B | 1,676 |
| Q2 2025 | $12.3B | 1,670 |
| Q1 2025 | $11.1B | 1,675 |
| Q4 2024 | $11.4B | 1,674 |
| Q3 2024 | $11.5B | 1,677 |
| Q2 2024 | $11.1B | 1,683 |
| Q1 2024 | $11.2B | 1,686 |
| Q4 2023 | $10.7B | 1,679 |
| Q3 2023 | $9.9B | 1,716 |