Institution

TIAA Cref Investment Management LLC

13F for March 31, 2019, filed May 14, 2019 · SEC CIK 887793 · Holdings history from March 31, 1999

The latest available holdings for this manager are dated March 31, 2019.

Reported value: $141.2bn
Positions we cover: 1,838
Copy, a year: +13.7%
Copy Sharpe ratio: 0.97

Copy-performance statistics: August 16, 2013 to August 23, 2019. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

Holdings reported by Nuveen Asset Management, LLC · SEC notice for June 30, 2019
Holdings reported by Nuveen, LLC · SEC notice for March 31, 2025

Holdings date Find a security

3,003 reported entries for March 31, 2019.

Issuer	Class / type	Reported value	Quantity
Waste Connections Inc94106B101 · WCN	CS	$215.4m	2,431,002
Waste Management Inc94106L109 · WM	CS	$238.8m	2,297,842
Waters Corp941848103 · WAT	CS	$49.6m	197,030

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

CopyS&P 500 $10,000 copying TIAA Cref Investment Management LLC's usable filed holdings in companies we cover from August 16, 2013, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −18.7% (S&P 500 −17.1%); beta 1.05; alpha +1.4% a year (t = 2.16); last 12 months +2.6% against +1.9%.

Reported value by quarter

TIAA Cref Investment Management LLC: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.

View chart data

Period	Reported value
2013-06-30	$122.8B
2013-09-30	$127.9B
2013-12-31	$139.4B
2014-03-31	$138.8B
2014-06-30	$143.7B
2014-09-30	$140.7B
2014-12-31	$143B
2015-03-31	$143.6B
2015-06-30	$140.9B
2015-09-30	$127.5B
2015-12-31	$133.6B
2016-03-31	$130.6B
2016-06-30	$130.4B
2016-09-30	$159.8B
2016-12-31	$134.1B
2017-03-31	$139B
2017-06-30	$142.4B
2017-09-30	$146.6B
2017-12-31	$151.7B
2018-03-31	$147.8B
2018-06-30	$148.8B
2018-09-30	$306.3B
2018-12-31	$126.3B
2019-03-31	$141.2B

Latest covered holdings and moves

Covered holdings as of March 31, 2019.

Company	Share of portfolio	Value	Shares	Change in shares
MSFTMicrosoft Corporation	3.60%	$5.1bn	43.07M	−6.7% Reduced
AAPLApple Inc.	3.38%	$4.8bn	25.11M	+2.8% Added
AMZNAmazon	3.10%	$4.4bn	2.46M	−1.1% Reduced
METAMeta Platforms	1.90%	$2.7bn	16.12M	+11.0% Added
VVisa Inc.	1.42%	$2.0bn	12.87M	−3.6% Reduced
GOOGLAlphabet Inc. (Class A)	1.30%	$1.8bn	1.56M	−7.1% Reduced
CRMSalesforce	1.22%	$1.7bn	10.90M	+1.4% Added
MAMastercard	1.09%	$1.5bn	6.55M	+3.3% Added
JNJJohnson & Johnson	1.02%	$1.4bn	10.36M	+2.6% Added
CSCOCisco	1.02%	$1.4bn	26.65M	−9.0% Reduced
PYPLPayPal	0.99%	$1.4bn	13.43M	−0.2%
MRKMerck & Co.	0.94%	$1.3bn	15.96M	+5.8% Added
PGProcter & Gamble	0.93%	$1.3bn	12.67M	−1.6% Reduced
BABoeing	0.90%	$1.3bn	3.35M	−2.9% Reduced
UNHUnitedHealth Group	0.88%	$1.2bn	5.01M	−11.7% Reduced
BACBank of America	0.88%	$1.2bn	44.88M	+16.0% Added
HDThe Home Depot	0.85%	$1.2bn	6.25M	−14.1% Reduced
JPMJPMorgan Chase	0.81%	$1.1bn	11.28M	−29.8% Reduced
CVXChevron Corporation	0.79%	$1.1bn	9.04M	−4.0% Reduced
CMCSAComcast	0.75%	$1.1bn	26.52M	+0.4%
INTUIntuit	0.75%	$1.1bn	4.05M	+0.8% Added
INTCIntel	0.73%	$1.0bn	19.25M	−2.5% Reduced
UNPUnion Pacific Corporation	0.69%	$980.4m	5.86M	+0.8% Added
KOThe Coca-Cola Company	0.69%	$971.3m	20.73M	+9.5% Added
WFCWells Fargo	0.68%	$954.7m	19.76M	+4.4% Added
DISThe Walt Disney Company	0.67%	$950.1m	8.56M	+23.8% Added
COSTCostco	0.65%	$921.8m	3.81M	+16.6% Added
PFEPfizer	0.63%	$885.1m	20.84M	−5.8% Reduced
NFLXNetflix	0.59%	$836.1m	2.34M	+15.7% Added
VZVerizon	0.59%	$827.7m	14.00M	−4.0% Reduced
NKENike, Inc.	0.58%	$818.4m	9.72M	+21.7% Added
ISRGIntuitive Surgical	0.52%	$730.9m	1.28M	+14.5% Added
NOWServiceNow	0.51%	$724.8m	2.94M	−12.3% Reduced
AVGOBroadcom	0.50%	$704.6m	2.34M	+3.5% Added
ABTAbbott Laboratories	0.48%	$682.6m	8.54M	−20.5% Reduced
ADBEAdobe Inc.	0.47%	$661.5m	2.48M	−18.4% Reduced
TAT&T	0.47%	$660.8m	21.07M	−0.3%
MCDMcDonald's	0.46%	$652.3m	3.43M	+6.2% Added
WMTWalmart	0.44%	$626.7m	6.43M	−6.5% Reduced
ZTSZoetis	0.43%	$610.5m	6.06M	−4.9% Reduced
PEPPepsiCo	0.43%	$608.3m	4.96M	+11.5% Added
LLYLilly (Eli)	0.42%	$588.7m	4.54M	−6.5% Reduced
EOGEOG Resources	0.41%	$573.2m	6.02M	−3.9% Reduced
BABAAlibaba Group Holding Ltd	0.41%	$572.1m	3.14M	−17.8% Reduced
EWEdwards Lifesciences	0.39%	$555.3m	2.90M	−11.9% Reduced
ILMNIllumina, Inc.	0.38%	$538.2m	1.73M	+22.6% Added
CCitigroup	0.37%	$524.4m	8.43M	−6.9% Reduced
EXPEExpedia Group	0.36%	$507.6m	4.27M	+30.7% Added
PMPhilip Morris International	0.35%	$495.1m	5.60M	+1.2% Added
ADPAutomatic Data Processing	0.35%	$490.2m	3.07M	+8.3% Added
ACNAccenture	0.34%	$486.4m	2.76M	−7.5% Reduced
ROPRoper Technologies	0.34%	$486.3m	1.42M	+21.6% Added
GILDGilead Sciences	0.33%	$465.4m	7.16M	−28.2% Reduced
MSMorgan Stanley	0.33%	$460.5m	10.91M	+89.2% Added
NVDANVIDIA Corporation	0.31%	$435.0m	2.42M	−35.6% Reduced
IBMIBM	0.30%	$431.2m	3.06M	+28.1% Added
AMGNAmgen	0.30%	$428.2m	2.25M	+9.7% Added
CSXCSX Corporation	0.30%	$423.3m	5.66M	+6.0% Added
MDLZMondelez International	0.30%	$422.9m	8.47M	+2.0% Added
MNSTMonster Beverage	0.29%	$416.8m	7.64M	+6.1% Added
AXPAmerican Express	0.29%	$412.8m	3.78M	−22.9% Reduced
ABBVAbbVie	0.29%	$410.8m	5.10M	−9.7% Reduced
SPGIS&P Global	0.28%	$399.7m	1.90M	+32.9% Added
FEFirstEnergy	0.28%	$395.4m	9.50M	+16.9% Added
CATCaterpillar Inc.	0.28%	$391.2m	2.89M	−12.0% Reduced
MMM3M	0.27%	$374.5m	1.80M	−14.8% Reduced
NEENextEra Energy	0.27%	$373.6m	1.93M	+7.7% Added
CVSCVS Health	0.26%	$369.0m	6.84M	−20.5% Reduced
SBUXStarbucks	0.25%	$357.8m	4.81M	+22.4% Added
ORCLOracle Corporation	0.25%	$355.9m	6.63M	−7.2% Reduced
MDTMedtronic	0.25%	$351.2m	3.86M	−17.7% Reduced
CBChubb Limited	0.24%	$345.4m	2.47M	−11.6% Reduced
TXNTexas Instruments	0.24%	$345.1m	3.25M	−0.3%
USBU.S. Bancorp	0.24%	$338.2m	7.02M	+99.2% Added
MOAltria	0.23%	$331.6m	5.77M	−2.3% Reduced
AMTAmerican Tower	0.23%	$329.4m	1.67M	+8.4% Added
CAGConagra Brands Inc.	0.23%	$327.0m	11.79M	+15.3% Added
GSGoldman Sachs	0.23%	$325.9m	1.70M	−3.0% Reduced
ELThe Estée Lauder Companies	0.23%	$322.4m	1.95M	+4.2% Added
SYKStryker Corporation	0.23%	$320.6m	1.62M	−11.3% Reduced
GWWW. W. Grainger	0.23%	$320.2m	1.06M	−14.1% Reduced
DEDeere & Company	0.22%	$310.2m	1.94M	+0.8% Added
BKNGBooking Holdings	0.22%	$308.6m	176.8K	−10.2% Reduced
CICigna	0.22%	$304.7m	1.89M	−18.3% Reduced
LOWLowe's	0.21%	$303.7m	2.77M	+43.3% Added
ZBHZimmer Biomet	0.21%	$301.1m	2.36M	−9.5% Reduced
PHParker Hannifin	0.21%	$292.8m	1.71M	−7.1% Reduced
EBAYeBay Inc.	0.20%	$287.0m	7.73M	+42.4% Added
DDominion Energy	0.20%	$277.1m	3.61M	+9.2% Added
TMOThermo Fisher Scientific	0.20%	$276.4m	1.01M	+3.2% Added
CMGChipotle Mexican Grill	0.19%	$273.9m	385.6K	+51.7% Added
DHRDanaher Corporation	0.19%	$273.8m	2.07M	+7.5% Added
ANETArista Networks	0.19%	$271.3m	862.6K	+69.9% Added
BAXBaxter International	0.19%	$266.3m	3.27M	−1.4% Reduced
BSXBoston Scientific	0.19%	$263.3m	6.86M	+10.3% Added
ULTAUlta Beauty	0.19%	$262.7m	753.3K	+9.2% Added
BMYBristol Myers Squibb	0.19%	$262.1m	5.49M	+1.8% Added
MSIMotorola Solutions	0.18%	$255.8m	1.82M	−24.3% Reduced
AMATApplied Materials	0.18%	$255.5m	6.44M	+17.1% Added
SHWSherwin-Williams	0.18%	$253.4m	588.2K	+4.7% Added
UPSUnited Parcel Service	0.18%	$249.9m	2.24M	−2.3% Reduced
ICEIntercontinental Exchange	0.18%	$249.7m	3.28M	+4.7% Added
HCAHCA Healthcare	0.17%	$246.4m	1.89M	−10.6% Reduced
NOCNorthrop Grumman	0.17%	$240.1m	890.4K	−48.0% Reduced
SPGSimon Property Group	0.17%	$240.1m	1.32M	−4.8% Reduced
WMWaste Management	0.17%	$238.8m	2.30M	+3.7% Added
LRCXLam Research	0.17%	$237.0m	1.32M	+46.9% Added
CMECME Group	0.17%	$236.7m	1.44M	+13.4% Added
QCOMQualcomm	0.16%	$230.9m	4.05M	−1.9% Reduced
PGRProgressive Corporation	0.16%	$226.2m	3.14M	−18.5% Reduced
ELVElevance Health	0.16%	$221.3m	771.1K	−38.5% Reduced
CLColgate-Palmolive	0.16%	$220.7m	3.22M	+92.7% Added
JAZZJazz Pharmaceuticals plc	0.16%	$220.1m	1.54M	+13.6% Added
TJXTJX Companies	0.15%	$217.8m	4.09M	−27.2% Reduced
COPConocoPhillips	0.15%	$216.6m	3.25M	+6.8% Added
SLBSchlumberger	0.15%	$216.4m	4.97M	−5.5% Reduced
BIIBBiogen	0.15%	$216.0m	913.9K	+7.0% Added
LMTLockheed Martin	0.15%	$215.7m	718.5K	−26.8% Reduced
WCNWaste Connections, Inc.	0.15%	$215.4m	2.43M	+68.8% Added
SRESempra	0.15%	$211.8m	1.68M	−9.5% Reduced
PLDPrologis	0.15%	$207.3m	2.88M	+7.2% Added
CCKCrown Holdings, Inc.	0.15%	$206.9m	3.79M	−21.9% Reduced
NXPINXP Semiconductors	0.14%	$204.8m	2.32M	+66.4% Added
MRSHMarsh McLennan	0.14%	$203.5m	2.17M	+18.4% Added
SYFSynchrony Financial	0.14%	$203.2m	6.37M	+81.9% Added
ECLEcolab	0.14%	$197.7m	1.12M	+43.7% Added
WMBWilliams Companies	0.14%	$196.8m	6.85M	+0.2%
TSLATesla, Inc.	0.14%	$196.1m	700.5K	+78.8% Added
AIGAmerican International Group	0.14%	$194.9m	4.53M	−21.6% Reduced
DXCDXC Technology Co	0.14%	$193.6m	3.01M	−44.3% Reduced
EXCExelon	0.14%	$191.3m	3.82M	−2.1% Reduced
APDAir Products	0.14%	$190.2m	996.0K	+35.7% Added
KMXCarmax Inc	0.13%	$189.9m	2.72M	+64.3% Added
ETNEaton Corporation	0.13%	$189.1m	2.35M	+36.8% Added
FTVFortive	0.13%	$188.1m	2.24M	+0.4%
PRUPrudential Financial	0.13%	$187.3m	2.04M	−40.8% Reduced
MTBM&T Bank	0.13%	$187.1m	1.19M	+2.8% Added
VRTXVertex Pharmaceuticals	0.13%	$185.0m	1.01M	+1.2% Added
ETREntergy	0.13%	$182.5m	1.91M	+13.1% Added
CCICrown Castle	0.13%	$181.8m	1.42M	+1.6% Added
BMRNBiomarin Pharmaceutical Inc	0.13%	$181.3m	2.04M	+37.4% Added
SNPSSynopsys Inc	0.13%	$181.1m	1.57M	+98.7% Added
PNCPNC Financial Services	0.13%	$180.9m	1.47M	−42.0% Reduced
STZConstellation Brands	0.13%	$180.1m	1.03M	−37.8% Reduced
CHTRCharter Communications	0.13%	$179.8m	518.2K	+3.8% Added
SCHWCharles Schwab Corporation	0.13%	$178.2m	4.17M	+55.5% Added
ALGNAlign Technology	0.13%	$177.8m	625.4K	+86.6% Added
TGTTarget Corporation	0.13%	$177.6m	2.21M	+3.8% Added
AKAMAkamai Technologies	0.13%	$176.5m	2.46M	+10.6% Added
CFGCitizens Financial Group	0.12%	$174.7m	5.38M	−15.3% Reduced

Company	Bought (value)	Shares
METAMeta Platforms	$265.3m	1.59M
MSMorgan Stanley	$217.1m	5.14M
DISThe Walt Disney Company	$182.8m	1.65M
BACBank of America	$170.6m	6.18M
USBU.S. Bancorp	$168.5m	3.50M
NKENike, Inc.	$145.9m	1.73M
COSTCostco	$131.2m	542.0K
AAPLApple Inc.	$130.6m	687.7K
TROXTronox Holdings plc	$120.7m	9.18M
EXPEExpedia Group	$119.3m	1.00M
NFLXNetflix	$113.2m	317.4K
ANETArista Networks	$111.6m	355.0K
CLColgate-Palmolive	$106.2m	1.55M
ILMNIllumina, Inc.	$99.1m	318.9K
SPGIS&P Global	$99.0m	470.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
JPMJPMorgan Chase	−$484.6m	−4.79M
MSFTMicrosoft Corporation	−$363.8m	−3.08M
NVDANVIDIA Corporation	−$240.7m	−1.34M
NOCNorthrop Grumman	−$221.7m	−822.5K
MARMarriott International	−$214.4m	−1.71M
HDThe Home Depot	−$197.6m	−1.03M
GILDGilead Sciences	−$182.6m	−2.81M
ABTAbbott Laboratories	−$176.2m	−2.20M
UNHUnitedHealth Group	−$163.5m	−661.1K
DXCDXC Technology Co	−$154.1m	−2.40M
ADBEAdobe Inc.	−$149.3m	−560.1K
CSCOCisco	−$141.7m	−2.62M
GOOGLAlphabet Inc. (Class A)	−$140.6m	−119.5K
ELVElevance Health	−$138.7m	−483.2K
PNCPNC Financial Services	−$130.8m	−1.07M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
SHOPShopify Inc.	$25.2m	181.9K
CVECenovus Energy Inc.	$12.7m	1.81M
SEDGSolaredge Technologies, Inc.	$7.3m	207.3K
BBDBank Bradesco	$5.1m	519.7K
SPOTSpotify Technology S.a.	$2.5m	22.4K
IRMDIradimed Corp	$251,000	10.3K
FGBIFirst Guaranty Bancshares, Inc.	$226,000	9.7K
RCKYRocky Brands, Inc.	$213,000	8.2K
ALCOAlico, Inc.	$200,000	6.8K
FCELFuelcell Energy Inc	$42,000	76.0K

Technology21.9%
Financials15.1%
Health Care14.3%
Consumer Discretionary12.3%
Industrials9.3%
Communication Services8.2%
Consumer Staples7.4%
Energy3.4%
Real Estate2.9%
Utilities2.6%
Materials2.4%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to August 23, 2019	+13.7%	+11.6%	0.97	0.87	−18.7%	1.05
2018 onwardsJanuary 5, 2018 to August 23, 2019	+5.3%	+4.3%	0.26	0.21	−18.7%	1.05
Last three yearsAugust 26, 2016 to August 23, 2019	+13.8%	+11.6%	0.89	0.79	−18.7%	1.05
Last yearAugust 24, 2018 to August 23, 2019	+1.4%	+1.0%	0.04	0.01	−18.7%	1.08

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.