TRUST COMPANY OF TENNESSEE - Filing for Period Ending 03/31/2026

Key Takeaways

• RSP makes up 35.43% of assets, dominating exposure
• Growth and value ETFs together represent 35.9% of holdings
• Turnover at 12.5% indicates modest portfolio reshuffling
• Inflows rose 8.24% quarter‑over‑quarter, boosting market value to $540 M
• Only one new stock added; three positions reduced, no full sales

Pulse Analysis

The Trust Company of Tennessee’s Q1 2026 13F filing reveals a $540 million portfolio that grew 8% from the previous quarter, driven primarily by inflows rather than market appreciation. By allocating the entire portfolio to ten exchange‑traded funds, the manager leans heavily on index‑based exposure, with the Invesco S&P 500 Equal Weight ETF (RSP) alone accounting for over a third of assets. This concentration reflects a strategic bet on diversified, low‑cost vehicles while maintaining a clear tilt toward broad market performance.

A deeper look at the holdings shows a balanced mix of growth, value, and real‑estate exposure. Vanguard’s Growth (VUG) and Value (VTV) ETFs together comprise roughly 36% of the portfolio, while the iShares Core U.S. REIT ETF (USRT) adds a 13.6% real‑estate component. The modest 12.5% turnover and an average holding period of nearly six quarters suggest the firm is comfortable with its current risk profile, opting for incremental adjustments—such as a 5% increase in RSP—over aggressive rebalancing.

For investors, the filing signals that large institutional players continue to favor ETF structures for efficient, scalable exposure, especially in a market where sector rotation and macro‑economic uncertainty are prevalent. The high concentration in a handful of ETFs could amplify both gains and losses tied to the broader S&P 500, making the fund’s performance a bellwether for index‑driven strategies. As inflows remain positive, the Trust Company of Tennessee is likely to maintain its current allocation while monitoring market dynamics for any catalyst that might prompt a shift toward more specialized or thematic positions.