Institutional Manager · CIK 0001997405

TIAA TRUST, NATIONAL ASSOCIATION

Charlotte, NC · File #028-23407

Latest AUM

$41.72B

Positions

914

Top-10 Concentration

47.2%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	VANGUARD SCOTTSDALE FDS VANGUARD RUSSELL	92206C714	-4,544,175	-$422.6M	+$16.5M
REDUCE	ISHARES TR RUSSELL 2000 VALUE ETF	464287630	-1,573,171	-$287.3M	+$19.1M
ADD	SS SPDR P S&P 500 VALUE ETF	78464A508	+3,774,019	+$214.4M	+$47
REDUCE	VANGUARD LARGE-CAP ETF	922908637	-530,482	-$167.0M	+$7.8M
ADD	VANGUARD VALUE ETF	922908744	+614,721	+$117.4M	+$29.3M
ADD	ISHARES JP MORGAN USD EMERGI	464288281	+904,419	+$87.1M	+$1.5M
ADD	ELI LILLY & CO	LLY	+74,578	+$80.1M	+$47,699
REDUCE	ORACLE CORP COM	ORCL-PD	-260,027	-$51.3M	-$21.9M
REDUCE	ISHARES INC CORE MSCI EMERGING MKTS	46434G103	-663,983	-$44.7M	+$33.2M
ADD	ISHARES TR MBS ETF	464288588	+400,752	+$38.3M	+$3.5M

Sector Allocation

Technology

4.7%$1.96B

Financials

2.5%$1.06B

Healthcare

1.2%$499.4M

Consumer Discretionary

0.8%$347.1M

Industrials

0.6%$264.1M

Communication Services

0.5%$188.7M

0.3%$139.5M

0.3%$126.0M

0.1%$29.0M

0.0%$20.1M

0.0%$12.2M

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 2025914 pos · $41.72B
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 2025916 pos · $41.23B
Aug 5, 202513F HOLDINGS REPORTQ/E Jun 2025959 pos · $38.40B
May 8, 202513F HOLDINGS REPORTQ/E Mar 2025972 pos · $32.07B
Feb 11, 202513F HOLDINGS REPORTQ/E Dec 20241,003 pos · $32.94B
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 2024892 pos · $33.55B
Aug 1, 202413F HOLDINGS REPORTQ/E Jun 2024898 pos · $32.40B
May 10, 202413F HOLDINGS REPORTQ/E Mar 2024880 pos · $32.68B
Oct 27, 202313F HOLDINGS REPORTQ/E Dec 2023810 pos · $27.74B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR CORE MSCI EAFE ETF	46432F842	25,818,128	$2.32B	7.25%
2	ISHARES CORE MSCI EAFE ETF	46432F842	20,815,461	$1.86B	5.82%
3	VANGUARD GROWTH ETF	922908736	3,600,015	$1.76B	5.49%
4	ISHARES RUSSELL TOP 200 GROW	464289438	5,878,296	$1.63B	5.08%
5	VANGUARD VALUE ETF	922908744	7,128,076	$1.36B	4.25%
6	ISHARES TR MBS ETF	464288588	13,703,159	$1.31B	4.08%
7	ISHARES INC CORE MSCI EMERGING MKTS	46434G103	18,990,300	$1.28B	4.00%
8	VANGUARD FTSE DEVELOPED ETF	921943858	20,419,771	$1.28B	3.98%
9	ISHARES MBS ETF	464288588	12,307,627	$1.17B	3.66%
10	ISHARES RUSSELL TOP 200 VALU	464289420	12,344,150	$1.13B	3.54%
11	ISHARES CORE MSCI EMERGING	46434G103	13,497,488	$907.3M	2.83%
12	ISHARES TR MSCI EAFE SMALL CAP ETF	464288273	11,015,318	$857.9M	2.68%
13	ISHARES TR BROAD USD INBD ETFVT GRADE	464288620	15,311,079	$795.1M	2.48%
14	ISHARES TR ESG AWARE MSCI USA ETF	46435G425	4,765,635	$715.5M	2.23%
15	VANGUARD TAX-EXEMPT BOND ETF	922907746	13,817,286	$694.9M	2.17%
16	ISHARES CORE U.S. AGGREGATE	464287226	6,693,871	$668.6M	2.09%
17	ISHARES NATIONAL MUNI BOND E	464288414	5,719,727	$612.6M	1.91%
18	STATE STREET SPDR PORTFOLIO	78463X889	13,594,292	$603.7M	1.89%
19	VANGUARD RUSSELL 1000 GROWTH	92206C680	4,783,326	$582.4M	1.82%
20	ISHARES TR U S TREAS BD ETF	46429B267	23,379,857	$539.5M	1.68%