TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY

CIK 0000714142 · Q1 2026

13F Equity AUM

$12.9M

-100.0% QoQ

Positions

1,675

-4 QoQ

AUM Rank

#11,511

Top 93%

Skill Alpha (FF)

-0.7%/yr^ns

No Clear Edge

Rank #3,292 · Top 40%

vs S&P -1.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 17.4%Top 10: 24.2%Top 20: 30.4%

NVDA5.0%

AAPL3.7%

MSFT3.2%

GOOGL2.8%

AMZN2.7%

AVGO2.0%

META1.7%

GOOG1.1%

LLY1.1%

JPM1.0%

Others (1665)75.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology26.9%

Financial Services15.0%

Healthcare11.5%

Consumer Cyclical11.0%

Industrials9.5%

Communication Services7.8%

Energy5.2%

Consumer Defensive4.2%

Other8.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1675Median: 0.01%Avg: 0.06%

0–0.5%

1649(66.4%)

0.5–1%

17(10.3%)

1–3%

6(11.4%)

3–5%

3(11.9%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 1,670Unique: 5vs 20 funds

22.9%Moderate

1,675

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

31.8%

BANK OF AMERICA CORP /DE/

35.2%

BlackRock, Inc.

42%

STATE STREET CORP

48%

JPMORGAN CHASE & CO

33.6%

GEODE CAPITAL MANAGEMENT, LLC

46.8%

VANGUARD CAPITAL MANAGEMENT LLC

47.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

56.4%

FMR LLC

47.3%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New42Increased225Decreased254Exited47

New Positions

AZN0.1%

+70K

VRT0.1%

+30K

PNFP0.1%

+91K

HBM0.0%

+220K

VOD0.0%

+370K

KGC0.0%

+150K

GIL0.0%

+80K

BBVA0.0%

+206K

QXO0.0%

+144K

BROS0.0%

+39K

Increased

IVZ0.2%

+925K(+2633%)

TSCO0.2%

+503K(+1203%)

BALL0.2%

+474K(+2030%)

VEOEY0.2%

+399K(+35%)

SYY0.2%

+355K(+923%)

CVS0.2%

+322K(+327%)

SNN0.2%

+306K(+51%)

NEM0.3%

+239K(+268%)

DECK0.2%

+235K(+1976%)

YUMC0.3%

+224K(+42%)

Decreased

T0.1%

-1,580,680(-74%)

VALE0.4%

-649,000(-16%)

SAN0.4%

-617,150(-13%)

MAS0.0%

-475,300(-97%)

PBR0.3%

-351,000(-18%)

INTC0.1%

-326,093(-48%)

NWG0.3%

-319,511(-11%)

OMC0.0%

-315,214(-93%)

JD0.1%

-305,960(-49%)

UAL0.0%

-256,870(-91%)

Exited

-228,410

-511,760

-527,900

-121,018

-157,278

-76,459

-46,246

-82,740

-40,684

-67,134

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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