N-Q 1 c78337_nq.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number File No. 811-09301

 

TIAA-CREF FUNDS

(Exact name of Registrant as specified in charter)

 

730 Third Avenue, New York, New York 10017-3206

(Address of Principal Executive Offices) (Zip code)

 

F. Scott Thomas, Esq.

c/o TIAA-CREF

8500 Andrew Carnegie Blvd.

Charlotte, N.C. 28262-8500

(Name and address of agent for service)

 

Registrant’s telephone number, including area code: 704-595-1000

 

Date of fiscal year end: October 31

 

Date of reporting period: July 31, 2014

 

Item 1. Schedule of Investments.

 

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

TIAA-CREF FUNDS
ENHANCED LARGE-CAP GROWTH INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2014

 

 SHARES    COMPANY   VALUE 
          
COMMON STOCKS - 99.6%     
             
AUTOMOBILES & COMPONENTS - 1.1%     
 157,971     BorgWarner, Inc  $9,833,695 
 18,495     Gentex Corp   534,505 
 104,000     Goodyear Tire & Rubber Co   2,617,680 
 16,167     Harley-Davidson, Inc   999,444 
 58,912     Johnson Controls, Inc   2,783,003 
 15,800     Lear Corp   1,487,886 
 5,043  *,e  Tesla Motors, Inc   1,126,102 
       TOTAL AUTOMOBILES & COMPONENTS   19,382,315 
             
BANKS - 0.0%     
 2,022  *  SVB Financial Group   220,438 
       TOTAL BANKS   220,438 
             
CAPITAL GOODS - 8.5%     
 16,303     3M Co   2,296,930 
 8,446     Allison Transmission Holdings, Inc   247,299 
 67,899  *  BE Aerospace, Inc   5,780,921 
 28,607     Boeing Co   3,446,571 
 11,491     Carlisle Cos, Inc   919,510 
 34,383  *  Colfax Corp   2,165,097 
 55,223     Crane Co   3,788,850 
 72,617     Cummins, Inc   10,122,084 
 112,691     Emerson Electric Co   7,172,782 
 23,400     Fluor Corp   1,705,158 
 145,583     Honeywell International, Inc   13,368,887 
 10,526     Hubbell, Inc (Class B)   1,230,910 
 136,556     IDEX Corp   10,353,676 
 119,412     Ingersoll-Rand plc   7,020,231 
 99,570     ITT Corp   4,577,233 
 52,223     Lockheed Martin Corp   8,719,674 
 98,050     Rockwell Automation, Inc   10,948,263 
 66,902     Roper Industries, Inc   9,638,571 
 7,768     Snap-On, Inc   933,714 
 33,949  *  Spirit Aerosystems Holdings, Inc (Class A)   1,105,719 
 30,718     TransDigm Group, Inc   5,158,167 
 81,300     Trinity Industries, Inc   3,547,932 
 65,643  *  United Rentals, Inc   6,951,594 
 100,765  *  WABCO Holdings, Inc   9,822,572 
 169,567     Westinghouse Air Brake Technologies Corp   13,680,665 
       TOTAL CAPITAL GOODS   144,703,010 
             
COMMERCIAL & PROFESSIONAL SERVICES - 1.5%      
 20,713     Cintas Corp   1,296,634 
 19,500     Equifax, Inc   1,483,755 
1

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

 SHARES    COMPANY  VALUE 
          
 232,395     Pitney Bowes, Inc  $6,288,609 
 248,633     Robert Half International, Inc   12,095,995 
 9,959     Rollins, Inc   281,939 
 3,865  *  Stericycle, Inc   454,717 
 72,900     Tyco International Ltd   3,145,635 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   25,047,284 
             
CONSUMER DURABLES & APPAREL - 2.0%     
 16,731  *  Deckers Outdoor Corp   1,480,861 
 119,443     DR Horton, Inc   2,472,470 
 151,746     Hanesbrands, Inc   14,827,102 
 18,107     Harman International Industries, Inc   1,965,515 
 46,535  *  Kate Spade & Co   1,760,419 
 57,277  *  Michael Kors Holdings Ltd   4,666,930 
 1,538  *  NVR, Inc   1,732,495 
 40,224  *  Under Armour, Inc (Class A)   2,684,952 
 35,218     VF Corp   2,157,807 
       TOTAL CONSUMER DURABLES & APPAREL   33,748,551 
             
CONSUMER SERVICES - 2.8%     
 72,667     Burger King Worldwide, Inc   1,916,955 
 19,609  *  Chipotle Mexican Grill, Inc (Class A)   13,187,053 
 22,109  *  Hyatt Hotels Corp   1,300,672 
 33,719     Las Vegas Sands Corp   2,490,148 
 147,255     Marriott International, Inc (Class A)   9,528,871 
 67,948     McDonald’s Corp   6,425,163 
 69,700     Service Corp International   1,463,700 
 110,436     Starbucks Corp   8,578,669 
 33,900     Starwood Hotels & Resorts Worldwide, Inc   2,604,876 
       TOTAL CONSUMER SERVICES   47,496,107 
             
DIVERSIFIED FINANCIALS - 3.3%     
 60,056  *  Affiliated Managers Group, Inc   11,966,158 
 63,646  *,e  Ally Financial, Inc   1,461,312 
 108,379     American Express Co   9,537,352 
 80,675     Ameriprise Financial, Inc   9,648,730 
 83,000     Invesco Ltd   3,123,290 
 109,631     Lazard Ltd (Class A)   5,733,702 
 31,867     Legg Mason, Inc   1,512,089 
 107,363     Moody’s Corp   9,340,581 
 32,100  *  NorthStar Asset Management Group, Inc   574,911 
 17,605     SEI Investments Co   630,611 
 87,391  *  Synchrony Financial   2,009,993 
 16,786     Waddell & Reed Financial, Inc (Class A)   886,133 
       TOTAL DIVERSIFIED FINANCIALS   56,424,862 
             
ENERGY - 7.5%     
 14,200     Anadarko Petroleum Corp   1,517,270 
 71,600     Baker Hughes, Inc   4,923,932 
 104,232  *  Cheniere Energy, Inc   7,375,456 
 12,712  e  CVR Energy, Inc   598,481 
 191,034     EOG Resources, Inc   20,906,761 
2

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 62,285     EQT Corp  $5,843,579 
 92,486  *  FMC Technologies, Inc   5,623,149 
 232,327     Kinder Morgan, Inc   8,359,125 
 27,048     Nabors Industries Ltd   734,624 
 82,100     Noble Energy, Inc   5,458,829 
 88,264     Oneok, Inc   5,686,849 
 108,393     Patterson-UTI Energy, Inc   3,723,300 
 20,201     Phillips 66   1,638,503 
 69,097     Pioneer Natural Resources Co   15,302,222 
 94,548     RPC, Inc   2,127,330 
 320,884     Schlumberger Ltd   34,780,617 
 24,927     Superior Energy Services   837,547 
 59,500     Williams Cos, Inc   3,369,485 
       TOTAL ENERGY   128,807,059 
             
FOOD & STAPLES RETAILING - 1.2%     
 26,938     CVS Corp   2,056,986 
 88,881     Kroger Co   4,353,391 
 179,276     Walgreen Co   12,328,811 
 15,368     Wal-Mart Stores, Inc   1,130,777 
       TOTAL FOOD & STAPLES RETAILING   19,869,965 
             
FOOD, BEVERAGE & TOBACCO - 7.2%     
 646,792     Altria Group, Inc   26,259,755 
 33,162     Brown-Forman Corp (Class B)   2,873,487 
 629,079     Coca-Cola Co   24,716,514 
 202,686     Coca-Cola Enterprises, Inc   9,212,079 
 43,588  *  Constellation Brands, Inc (Class A)   3,629,137 
 110,939     Dr Pepper Snapple Group, Inc   6,518,776 
 20,900     General Mills, Inc   1,048,135 
 10,484     Hershey Co   924,164 
 49,547     Hormel Foods Corp   2,242,497 
 24,684     Kellogg Co   1,476,844 
 163,849     Kraft Foods Group, Inc   8,779,849 
 102,570  *  Monster Beverage Corp   6,560,377 
 120,809     PepsiCo, Inc   10,643,273 
 210,043     Philip Morris International, Inc   17,225,626 
 49,400  *  WhiteWave Foods Co (Class A)   1,471,626 
       TOTAL FOOD, BEVERAGE & TOBACCO   123,582,139 
             
HEALTH CARE EQUIPMENT & SERVICES - 3.9%     
 74,248     Aetna, Inc   5,756,447 
 20,300     AmerisourceBergen Corp   1,561,273 
 70,905     Bard (C.R.), Inc   10,581,153 
 75,722     Becton Dickinson & Co   8,801,925 
 31,450     Cigna Corp   2,831,758 
 83,687  *  DaVita, Inc   5,894,912 
 27,555  *  Edwards Lifesciences Corp   2,486,839 
 60,000  *  Express Scripts Holding Co   4,179,000 
 10,387  *  Idexx Laboratories, Inc   1,292,974 
 36,478     McKesson Corp   6,998,669 
 40,209  *  Pediatrix Medical Group, Inc   2,379,569 
3

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
           
 47,400  *  Sirona Dental Systems, Inc  $3,801,480 
 37,900     St. Jude Medical, Inc   2,470,701 
 44,988     Stryker Corp   3,588,693 
 18,713  *  Trupanion, Inc   187,130 
 23,712     Universal Health Services, Inc (Class B)   2,527,699 
 17,100     Zimmer Holdings, Inc   1,711,197 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   67,051,419 
             
HOUSEHOLD & PERSONAL PRODUCTS - 0.6%     
 24,012     Colgate-Palmolive Co   1,522,361 
 20,448     Coty, Inc   349,865 
 47,871     Estee Lauder Cos (Class A)   3,516,604 
 48,830  e  Herbalife Ltd   2,558,692 
 5,995     Kimberly-Clark Corp   622,701 
 14,759     Spectrum Brands, Inc   1,230,900 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   9,801,123 
             
INSURANCE - 0.6%     
 19,529     American Financial Group, Inc   1,093,429 
 24,970     Aon plc   2,106,469 
 150,431     Marsh & McLennan Cos, Inc   7,637,382 
       TOTAL INSURANCE   10,837,280 
             
MATERIALS - 3.2%     
 32,800     Ball Corp   2,009,328 
 18,275     Compass Minerals International, Inc   1,572,016 
 18,133     Cytec Industries, Inc   1,828,713 
 48,607     Dow Chemical Co   2,482,359 
 5,755     Du Pont (E.I.) de Nemours & Co   370,104 
 30,199     International Flavors & Fragrances, Inc   3,049,797 
 97,864     LyondellBasell Industries AF S.C.A   10,398,050 
 19,100     Martin Marietta Materials, Inc   2,372,793 
 12,400     Monsanto Co   1,402,316 
 5,504     NewMarket Corp   2,130,048 
 12,715  *  Owens-Illinois, Inc   396,581 
 41,318     Packaging Corp of America   2,733,599 
 32,680     PPG Industries, Inc   6,482,405 
 32,333     RPM International, Inc   1,428,472 
 9,142     Scotts Miracle-Gro Co (Class A)   486,354 
 73,268     Sealed Air Corp   2,353,368 
 28,324     Sherwin-Williams Co   5,841,259 
 72,686     Sigma-Aldrich Corp   7,299,128 
 1,000     Westlake Chemical Corp   87,390 
       TOTAL MATERIALS   54,724,080 
             
MEDIA - 4.0%     
 37,034  *  Charter Communications, Inc   5,722,494 
 348,988     Comcast Corp (Class A)   18,751,125 
 88,015  *  DIRECTV   7,573,691 
 131,081     DISH Network Corp (Class A)   8,108,670 
 80,300     Interpublic Group of Cos, Inc   1,582,713 
 35,700  *  Live Nation, Inc   828,597 
4

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
             
 36,448     Scripps Networks Interactive (Class A)  $3,003,680 
 124,700     Twenty-First Century Fox, Inc   3,950,496 
 59,302     Viacom, Inc (Class B)   4,902,496 
 152,236     Walt Disney Co   13,074,028 
       TOTAL MEDIA   67,497,990 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.6%     
 418,931     AbbVie, Inc   21,926,849 
 49,012  *  Actavis plc   10,501,311 
 23,138  *  Alexion Pharmaceuticals, Inc   3,678,710 
 72,700  *  Alkermes plc   3,108,652 
 52,024     Allergan, Inc   8,628,700 
 20,453     Amgen, Inc   2,605,508 
 46,438  *  Biogen Idec, Inc   15,528,403 
 285,129     Bristol-Myers Squibb Co   14,433,230 
 209,756  *  Celgene Corp   18,280,235 
 383,679  *  Gilead Sciences, Inc   35,125,812 
 13,785  *  Illumina, Inc   2,204,359 
 225,000  *,e  Inovio Pharmaceuticals, Inc   2,272,500 
 6,530  *  Intercept Pharmaceuticals, Inc   1,517,311 
 13,700  *  Jazz Pharmaceuticals plc   1,914,301 
 105,828     Johnson & Johnson   10,592,325 
 5,519  *  Mettler-Toledo International, Inc   1,419,156 
 20,202     Questcor Pharmaceuticals, Inc   1,817,574 
 867  *  Regeneron Pharmaceuticals, Inc   274,163 
 46,880  *  Salix Pharmaceuticals Ltd   6,183,941 
 20,978     Thermo Electron Corp   2,548,827 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   164,561,867 
             
REAL ESTATE - 1.6%     
 49,960     American Tower Corp   4,715,724 
 45,100  *  CBRE Group, Inc   1,390,884 
 28,732  *  Howard Hughes Corp   4,178,208 
 7,250     Jones Lang LaSalle, Inc   896,825 
 120,596  *  NorthStar Realty Finance Corp   1,941,596 
 45,926     Omega Healthcare Investors, Inc   1,678,136 
 33,947     Simon Property Group, Inc   5,709,546 
 90,348     Tanger Factory Outlet Centers, Inc   3,130,558 
 31,300     Vornado Realty Trust   3,318,426 
       TOTAL REAL ESTATE   26,959,903 
             
RETAILING - 6.4%     
 46,653  *  Amazon.com, Inc   14,601,922 
 1,539  *  Dollar Tree, Inc   83,829 
 56,510     Foot Locker, Inc   2,685,920 
 246,340     Home Depot, Inc   19,916,589 
 19,123  *  Liberty Ventures   1,322,547 
 13,980     Lithia Motors, Inc (Class A)   1,242,123 
 60,000     Lowe’s Companies, Inc   2,871,000 
 150,842     Macy’s, Inc   8,717,159 
 1,184  *  NetFlix, Inc   500,501 
 30,281  *  O’Reilly Automotive, Inc   4,542,150 
5

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES     COMPANY  VALUE 
             
 10,216     Penske Auto Group, Inc  $474,533 
 19,445  *  Priceline.com, Inc   24,159,440 
 47,100     Signet Jewelers Ltd   4,794,309 
 135,275     Tiffany & Co   13,204,193 
 72,919  *  TripAdvisor, Inc   6,915,638 
 38,892     Williams-Sonoma, Inc   2,608,487 
       TOTAL RETAILING   108,640,340 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.6%     
 370,840     Applied Materials, Inc   7,772,806 
 32,789     Avago Technologies Ltd   2,274,901 
 102,978     Intel Corp   3,489,924 
 66,544     Linear Technology Corp   2,936,919 
 46,057     Maxim Integrated Products, Inc   1,349,931 
 56,899  e  Microchip Technology, Inc   2,561,593 
 137,732  *  Micron Technology, Inc   4,207,713 
 49,787     Skyworks Solutions, Inc   2,527,188 
 140,000  *  SunEdison, Inc   2,800,000 
 268,538     Texas Instruments, Inc   12,419,883 
 53,445     Xilinx, Inc   2,198,193 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   44,539,051 
             
SOFTWARE & SERVICES - 17.5%     
 94,415     Accenture plc   7,485,221 
 161,700     Activision Blizzard, Inc   3,618,846 
 86,840  *  Adobe Systems, Inc   6,001,512 
 46,000  *  Akamai Technologies, Inc   2,714,920 
 33,486  *  Alliance Data Systems Corp   8,783,043 
 26,903  *  Citrix Systems, Inc   1,822,140 
 70,363     Computer Sciences Corp   4,389,948 
 13,211  *  eBay, Inc   697,541 
 104,357  *  Electronic Arts, Inc   3,506,395 
 3,016  *  Equinix, Inc   646,992 
 392,366  *  Facebook, Inc   28,505,390 
 51,044  *  Fiserv, Inc   3,147,884 
 82,307  *  FleetCor Technologies, Inc   10,929,546 
 20,650  *  Gartner, Inc   1,412,873 
 10,060     Global Payments, Inc   696,856 
 97,235  *  Google, Inc   55,579,526 
 4,467  *  Google, Inc (Class A)   2,588,850 
 101,304     International Business Machines Corp   19,416,938 
 22,262  *  LinkedIn Corp   4,021,408 
 225,800     Mastercard, Inc (Class A)   16,743,070 
 1,201,042     Microsoft Corp   51,836,973 
 482,692     Oracle Corp   19,495,930 
 56,883  *  Salesforce.com, Inc   3,085,903 
 8,183     Solera Holdings, Inc   523,712 
 31,800  *  Twitter, Inc   1,437,042 
 77,593  *  VeriFone Systems, Inc   2,600,141 
 129,921     Visa, Inc (Class A)   27,414,630 
 71,428  *  VMware, Inc (Class A)   7,097,086 
 23,700  *  Workday, Inc   1,987,008 
       TOTAL SOFTWARE & SERVICES   298,187,324 
6

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES       COMPANY  VALUE 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 8.5%     
 80,952       Amphenol Corp (Class A)  $7,785,154 
 1,070,769       Apple, Inc   102,333,393 
 80,400   *   ARRIS Group, Inc   2,747,268 
 181,629       Corning, Inc   3,569,010 
 20,973   *   F5 Networks, Inc   2,361,350 
 315,164       Qualcomm, Inc   23,227,587 
 14,187   *   Sanmina Corp   330,415 
 89,600   *   Trimble Navigation Ltd   2,768,640 
 8,543   *   Zebra Technologies Corp (Class A)   684,038 
         TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   145,806,855 
               
TELECOMMUNICATION SERVICES - 2.9%     
 88,482   *   Level 3 Communications, Inc   3,891,438 
 20,907   *   SBA Communications Corp (Class A)   2,235,586 
 831,629       Verizon Communications, Inc   41,930,734 
 155,700   e   Windstream Holdings, Inc   1,784,322 
         TOTAL TELECOMMUNICATION SERVICES   49,842,080 
               
TRANSPORTATION - 3.1%     
 41,900       Alaska Air Group, Inc   1,842,343 
 1,861       Amerco, Inc   489,741 
 37,853   *   American Airlines Group, Inc   1,470,589 
 23,934   *   Avis Budget Group, Inc   1,344,851 
 40,837       CH Robinson Worldwide, Inc   2,754,864 
 39,300       Con-Way, Inc   1,939,455 
 9,800       Copa Holdings S.A. (Class A)   1,488,326 
 41,000       Delta Air Lines, Inc   1,535,860 
 12,600       FedEx Corp   1,850,688 
 13,800   *   Kirby Corp   1,607,148 
 13,452       Landstar System, Inc   889,581 
 61,935       Norfolk Southern Corp   6,296,312 
 35,899   *   Old Dominion Freight Line   2,278,869 
 114,700       Southwest Airlines Co   3,243,716 
 8,667   *   Spirit Airlines, Inc   566,995 
 120,391       Union Pacific Corp   11,835,639 
 121,761       United Parcel Service, Inc (Class B)   11,821,775 
         TOTAL TRANSPORTATION   53,256,752 
               
         TOTAL COMMON STOCKS   1,700,987,794 
         (Cost $1,381,964,665)     
               
SHORT-TERM INVESTMENTS - 0.7%     
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 0.7%     
 12,402,099   c   TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust
   12,402,099 
         TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   12,402,099 
               
         TOTAL SHORT-TERM INVESTMENTS   12,402,099 
         (Cost $12,402,099)     
7

TIAA-CREF FUNDS - Enhanced Large-Cap Growth Index Fund

 

SHARES       COMPANY   VALUE  
                   
          TOTAL INVESTMENTS - 100.3%   $ 1,713,389,893  
          (Cost $1,394,366,764)         
          OTHER ASSETS & LIABILITIES, NET - (0.3)%      (5,918,247 )
          NET ASSETS - 100.0%   $ 1,707,471,646  
       
       
*   Non-income producing.
c   Investments made with cash collateral received from securities on loan.
e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $11,570,317.    
8

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

TIAA-CREF FUNDS
ENHANCED LARGE-CAP VALUE INDEX FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2014

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.4%    
           
AUTOMOBILES & COMPONENTS - 1.6%    
 461,750     Ford Motor Co  $7,858,985 
 132,400     General Motors Co   4,477,768 
 133,990     Johnson Controls, Inc   6,329,688 
 31,190     Lear Corp   2,937,162 
 52,400  *  TRW Automotive Holdings Corp   5,359,996 
 8,200  *  Visteon Corp   783,100 
       TOTAL AUTOMOBILES & COMPONENTS   27,746,699 
             
BANKS - 8.9%     
 39,000     Associated Banc-Corp   698,880 
 1,124,224     Bank of America Corp   17,144,416 
 340,000     Citigroup, Inc   16,629,400 
 65,400     Comerica, Inc   3,287,004 
 143,839     East West Bancorp, Inc   4,899,156 
 76,800     First Republic Bank   3,588,096 
 641,390     JPMorgan Chase & Co   36,988,961 
 93,000     Keycorp   1,259,220 
 17,500     PacWest Bancorp   729,225 
 51,242     PNC Financial Services Group, Inc   4,230,540 
 69,300  *  Popular, Inc   2,210,670 
 80,000     Regions Financial Corp   811,200 
 21,800  *  Signature Bank   2,493,702 
 91,000     SunTrust Banks, Inc   3,462,550 
 23,800  *  SVB Financial Group   2,594,676 
 27,724     US Bancorp   1,165,240 
 939,800     Wells Fargo & Co   47,835,820 
       TOTAL BANKS   150,028,756 
             
CAPITAL GOODS - 8.5%    
 49,380     AGCO Corp   2,405,300 
 66,000     Allegion plc   3,394,380 
 18,300     Alliant Techsystems, Inc   2,377,719 
 28,189  *  BE Aerospace, Inc   2,400,011 
 31,880     Carlisle Cos, Inc   2,551,038 
 79,924     Caterpillar, Inc   8,052,343 
 96,100     Chicago Bridge & Iron Co NV   5,700,652 
 29,150     Crane Co   1,999,981 
 40,800     Cummins, Inc   5,687,112 
 34,253     Danaher Corp   2,530,612 
 7,500     Deere & Co   638,325 
 17,750     Dover Corp   1,522,240 
 116,180     Eaton Corp   7,890,946 
 10,600     Fluor Corp   772,422 
 29,274     General Dynamics Corp   3,418,325 
9

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 1,272,424     General Electric Co  $32,001,464 
 5,600     Hubbell, Inc (Class B)   654,864 
 28,800     Huntington Ingalls   2,618,496 
 32,880     IDEX Corp   2,492,962 
 69,000     Ingersoll-Rand plc   4,056,510 
 66,600     ITT Corp   3,061,602 
 23,000  *  Jacobs Engineering Group, Inc   1,168,630 
 69,800  e  Joy Global, Inc   4,136,348 
 47,500     L-3 Communications Holdings, Inc   4,985,600 
 64,750     Northrop Grumman Corp   7,981,732 
 16,400  *,e  NOW, Inc   527,916 
 20,000     Owens Corning, Inc   681,000 
 11,800     Parker Hannifin Corp   1,356,410 
 16,724     Raytheon Co   1,518,037 
 9,200     Roper Industries, Inc   1,325,444 
 8,750     Snap-On, Inc   1,051,750 
 7,500     SPX Corp   743,475 
 23,457     Stanley Works   2,051,315 
 48,000     Textron, Inc   1,745,760 
 13,900     Timken Co   615,770 
 83,000     Trinity Industries, Inc   3,622,120 
 99,900     United Technologies Corp   10,504,485 
 22,775  *  WABCO Holdings, Inc   2,220,107 
 9,000     Xylem, Inc   317,610 
       TOTAL CAPITAL GOODS   142,780,813 
             
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%
 3,500     Cintas Corp   219,100 
 2,800  *  Clean Harbors, Inc   161,364 
 2,900     Corrections Corp of America   93,438 
 6,000     KAR Auction Services, Inc   175,860 
 13,600     Manpower, Inc   1,059,304 
 12,100     Nielsen Holdings NV   557,931 
 98,912     Pitney Bowes, Inc   2,676,559 
 24,000     Republic Services, Inc   910,320 
 90,800     Tyco International Ltd   3,918,020 
 8,300     Waste Connections, Inc   392,922 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   10,164,818 
             
CONSUMER DURABLES & APPAREL - 1.5%    
 167,500     DR Horton, Inc   3,467,250 
 22,500  *,e  Garmin Ltd   1,238,400 
 52,400     Hanesbrands, Inc   5,120,004 
 22,900     Harman International Industries, Inc   2,485,795 
 3,075     Hasbro, Inc   153,627 
 74,500  *  Jarden Corp   4,164,550 
 41,952  *  Michael Kors Holdings Ltd   3,418,249 
 64,500     Pulte Homes, Inc   1,138,425 
 2,500     Ralph Lauren Corp   389,650 
 31,800  *  Toll Brothers, Inc   1,039,542 
 15,000     Whirlpool Corp   2,139,600 
       TOTAL CONSUMER DURABLES & APPAREL   24,755,092 
10

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
CONSUMER SERVICES - 0.9%   
 38,000     Brinker International, Inc  $1,703,920 
 28,000  *  Hyatt Hotels Corp   1,647,240 
 42,000     International Game Technology   711,060 
 57,890  *  MGM Mirage   1,553,768 
 74,500     Royal Caribbean Cruises Ltd   4,443,925 
 193,000     Sands China Ltd   1,416,946 
 38,375     Starwood Hotels & Resorts Worldwide, Inc   2,948,735 
       TOTAL CONSUMER SERVICES   14,425,594 
             
DIVERSIFIED FINANCIALS - 4.4%   
 42,080     Ameriprise Financial, Inc   5,032,768 
 1,424     BlackRock, Inc   433,936 
 117,500     Capital One Financial Corp   9,345,950 
 159,500     Charles Schwab Corp   4,426,125 
 119,900     Discover Financial Services   7,321,094 
 48,900  *  E*Trade Financial Corp   1,027,878 
 91,800     Goldman Sachs Group, Inc   15,869,466 
 16,642     Invesco Ltd   626,238 
 66,900     Lazard Ltd (Class A)   3,498,870 
 11,700     Legg Mason, Inc   555,165 
 300     McGraw-Hill Financial, Inc   24,066 
 339,800     Morgan Stanley   10,989,132 
 24,500  *  NorthStar Asset Management Group, Inc   438,795 
 83,500     PowerShares QQQ Trust Series   7,935,005 
 30,000     SPDR Dow Jones Industrial Average ETF Trust   4,958,700 
 5,100     SPDR Trust Series 1   984,759 
 5,800     TD Ameritrade Holding Corp   186,296 
       TOTAL DIVERSIFIED FINANCIALS   73,654,243 
             
ENERGY - 13.4%   
 67,224     Anadarko Petroleum Corp   7,182,884 
 45,754  *  Antero Resources Corp   2,642,751 
 30,724     Apache Corp   3,154,126 
 103,800     Baker Hughes, Inc   7,138,326 
 6,500  *  Cameron International Corp   460,915 
 68,750     Chesapeake Energy Corp   1,812,937 
 275,742     Chevron Corp   35,636,896 
 31,400     Cimarex Energy Co   4,365,228 
 191,750     ConocoPhillips   15,819,375 
 81,890     Consol Energy, Inc   3,178,970 
 75,750  *  Devon Energy Corp   5,719,125 
 33,939     Energen Corp   2,770,441 
 37,600     EOG Resources, Inc   4,114,944 
 38,000     EQT Corp   3,565,160 
 571,442     Exxon Mobil Corp   56,538,472 
 2,800  *  Gulfport Energy Corp   149,548 
 29,380     Helmerich & Payne, Inc   3,121,919 
 81,891     Hess Corp   8,105,571 
 33,500     Kinder Morgan, Inc   1,205,330 
 180,000     Marathon Oil Corp   6,975,000 
11

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 11,500     Marathon Petroleum Corp  $960,020 
 30,500     Murphy Oil Corp   1,894,965 
 45,900     Nabors Industries Ltd   1,246,644 
 57,240     National Oilwell Varco, Inc   4,638,730 
 17,750     Noble Energy, Inc   1,180,197 
 133,300     Occidental Petroleum Corp   13,024,743 
 16,600     Oneok, Inc   1,069,538 
 131,839     Patterson-UTI Energy, Inc   4,528,670 
 57,500     Phillips 66   4,663,825 
 11,500     Pioneer Natural Resources Co   2,546,790 
 42,075  e  Seadrill Ltd   1,525,639 
 1,250  *,e  Seventy Seven Energy, Inc   28,037 
 71,380     Superior Energy Services   2,398,368 
 41,380     Tesoro Corp   2,546,525 
 91,000  *,e  Ultra Petroleum Corp   2,085,720 
 103,900     Valero Energy Corp   5,278,120 
 38,399  *  Whiting Petroleum Corp   3,397,928 
       TOTAL ENERGY   226,672,377 
             
FOOD & STAPLES RETAILING - 1.3%    
 120,752     CVS Corp   9,220,623 
 447,500  *  Rite Aid Corp   2,993,775 
 23,737  *  Supervalu, Inc   217,668 
 120,000     Wal-Mart Stores, Inc   8,829,600 
 12,400     Whole Foods Market, Inc   473,928 
       TOTAL FOOD & STAPLES RETAILING   21,735,594 
             
FOOD, BEVERAGE & TOBACCO - 2.9%    
 57,500     Altria Group, Inc   2,334,500 
 173,100     Archer Daniels Midland Co   8,031,840 
 54,000     Coca-Cola Enterprises, Inc   2,454,300 
 15,700     ConAgra Foods, Inc   473,041 
 41,250  *  Constellation Brands, Inc (Class A)   3,434,475 
 91,000  *,e  Diamond Foods, Inc   2,444,260 
 7,200     Hillshire Brands Co   451,944 
 3,900     Kellogg Co   233,337 
 23,100     Molson Coors Brewing Co (Class B)   1,559,943 
 107,242     Mondelez International, Inc   3,860,712 
 37,750  *  Monster Beverage Corp   2,414,490 
 110,000     Philip Morris International, Inc   9,021,100 
 38,000  *  Pilgrim’s Pride Corp   1,062,480 
 43,100     Reynolds American, Inc   2,407,135 
 154,000  *  Tyson Foods, Inc (Class A)   5,730,340 
 113,890  *  WhiteWave Foods Co (Class A)   3,392,783 
       TOTAL FOOD, BEVERAGE & TOBACCO   49,306,680 
             
HEALTH CARE EQUIPMENT & SERVICES - 6.2%    
 455,540     Abbott Laboratories   19,187,345 
 86,390     Aetna, Inc   6,697,817 
 205,400  *  Boston Scientific Corp   2,625,012 
 52,975     Cardinal Health, Inc   3,795,659 
 65,800  *  CareFusion Corp   2,881,382 
12

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 57,750  *  Catamaran Corp  $2,627,047 
 57,000     Cigna Corp   5,132,280 
 103,990     Covidien plc   8,996,175 
 20,000  *  DaVita, Inc   1,408,800 
 90,000     HCA Holdings, Inc   5,877,900 
 133,800  *  Health Net, Inc   5,511,222 
 47,500     Humana, Inc   5,588,375 
 500  *  Intuitive Surgical, Inc   228,775 
 8,700  *  Laboratory Corp of America Holdings   902,103 
 115,752     Medtronic, Inc   7,146,528 
 4,000  *  Sirona Dental Systems, Inc   320,800 
 55,000     St. Jude Medical, Inc   3,585,450 
 115,742     UnitedHealth Group, Inc   9,380,889 
 27,390     Universal Health Services, Inc (Class B)   2,919,774 
 63,300  *  VCA Antech, Inc   2,360,457 
 63,800     WellPoint, Inc   7,005,878 
 10,000     Zimmer Holdings, Inc   1,000,700 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   105,180,368 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.7%  
 36,900     Church & Dwight Co, Inc   2,368,242 
 57,540     Colgate-Palmolive Co   3,648,036 
 10,680     Kimberly-Clark Corp   1,109,331 
 274,224     Procter & Gamble Co   21,203,000 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   28,328,609 
             
INSURANCE - 6.4%  
 9,650     ACE Ltd   965,965 
 17,400     Allied World Assurance Co Holdings Ltd   626,574 
 118,000     Allstate Corp   6,897,100 
 35,580     American Financial Group, Inc   1,992,124 
 153,000     American International Group, Inc   7,952,940 
 31,300     Aon plc   2,640,468 
 39,000     Assurant, Inc   2,471,040 
 103,800     Assured Guaranty Ltd   2,316,816 
 18,900     Axis Capital Holdings Ltd   815,535 
 202,824  *  Berkshire Hathaway, Inc (Class B)   25,440,214 
 5,300     Chubb Corp   459,563 
 29,638     Everest Re Group Ltd   4,620,861 
 278,390  *  Genworth Financial, Inc (Class A)   3,646,909 
 35,400     Hanover Insurance Group, Inc   2,046,474 
 125,400     Hartford Financial Services Group, Inc   4,283,664 
 126,800     Lincoln National Corp   6,643,052 
 17,750     Metlife, Inc   933,650 
 45,000     Old Republic International Corp   647,550 
 25,400     PartnerRe Ltd   2,650,744 
 14,000     Principal Financial Group   695,520 
 33,400     Progressive Corp   782,896 
 38,890     Protective Life Corp   2,698,188 
 115,550     Prudential Financial, Inc   10,049,384 
 28,800     Reinsurance Group of America, Inc (Class A)   2,311,488 
 23,890     RenaissanceRe Holdings Ltd   2,336,681 
13

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 65,998     Torchmark Corp  $3,480,734 
 14,600     Travelers Cos, Inc   1,307,576 
 94,891     UnumProvident Corp   3,257,608 
 96,800     XL Capital Ltd   3,120,832 
       TOTAL INSURANCE   108,092,150 
             
MATERIALS - 4.0%    
 202,000     Alcoa, Inc   3,310,780 
 5,100     Aptargroup, Inc   311,610 
 8,500     Ashland, Inc   889,525 
 43,300     Cabot Corp   2,268,487 
 54,000     Celanese Corp (Series A)   3,143,340 
 25,540     CF Industries Holdings, Inc   6,393,684 
 218,900  e  Cliffs Natural Resources, Inc   3,819,805 
 29,380     Cytec Industries, Inc   2,962,973 
 46,760     Domtar Corp   1,679,619 
 203,900     Dow Chemical Co   10,413,173 
 65,300     Freeport-McMoRan Copper & Gold, Inc (Class B)   2,430,466 
 106,800     Huntsman Corp   2,782,140 
 27,500     International Paper Co   1,306,250 
 47,831     LyondellBasell Industries AF S.C.A   5,082,044 
 28,500     MeadWestvaco Corp   1,191,300 
 12,500     Nucor Corp   627,750 
 38,750     Packaging Corp of America   2,563,700 
 61,890     PolyOne Corp   2,348,725 
 12,500     PPG Industries, Inc   2,479,500 
 6,266  *  Rayonier Advanced Materials, Inc   203,394 
 5,400     Rock-Tenn Co (Class A)   536,922 
 11,500     Rockwood Holdings, Inc   907,810 
 2,700     Royal Gold, Inc   204,039 
 1,750     RPM International, Inc   77,315 
 11,100     Sigma-Aldrich Corp   1,114,662 
 38,013     Steel Dynamics, Inc   806,256 
 6,950  *  TimkenSteel Corp   302,394 
 42,500  e  United States Steel Corp   1,423,325 
 22,300     Vulcan Materials Co   1,407,799 
 461,846  e  Walter Energy, Inc   2,655,615 
 21,390     Westlake Chemical Corp   1,869,272 
       TOTAL MATERIALS   67,513,674 
             
MEDIA - 1.7%     
 8,554     CBS Corp (Class B)   486,124 
 60,730     CBS Outdoor Americas, Inc   2,021,702 
 21,500     Comcast Corp (Class A)   1,155,195 
 51,980     DISH Network Corp (Class A)   3,215,483 
 39,999     Gannett Co, Inc   1,308,767 
 68,000     Interpublic Group of Cos, Inc   1,340,280 
 16,500  *  Liberty Media Corp   776,325 
 33,000  *  Liberty Media Corp (Class C)   1,551,000 
 68,000  *  Live Nation, Inc   1,578,280 
 10,750  e  Regal Entertainment Group (Class A)   209,195 
 264,400  e  Sirius XM Holdings, Inc   893,672 
14

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 67,242     Time Warner, Inc  $5,582,431 
 30,000     Viacom, Inc (Class B)   2,480,100 
 69,000     Walt Disney Co   5,925,720 
       TOTAL MEDIA   28,524,274 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.0%    
 16,000  *  Actavis plc   3,428,160 
 20,800  *  Alexion Pharmaceuticals, Inc   3,306,992 
 3,575  *  Alkermes plc   152,867 
 21,890  *,p  Biogen Idec, Inc   7,319,797 
 180,750     Bristol-Myers Squibb Co   9,149,565 
 29,500  *  Celgene Corp   2,570,925 
 127,224     Eli Lilly & Co   7,768,298 
 28,390  *  Endo International plc   1,904,401 
 83,180  *,p  Gilead Sciences, Inc   7,615,129 
 60,000  *  Hospira, Inc   3,328,200 
 327,724     Johnson & Johnson   32,801,895 
 5,580  *,e  Mallinckrodt plc   388,480 
 337,742     Merck & Co, Inc   19,163,481 
 16,000  *  PerkinElmer, Inc   739,520 
 67,389     Perrigo Co plc   10,138,675 
 1,163,400     Pfizer, Inc   33,389,580 
 42,000  *  Qiagen NV (NASDAQ)   1,026,060 
 5,100  *  Quintiles Transnational Holdings, Inc   280,143 
 61,800     Thermo Electron Corp   7,508,700 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   151,980,868 
             
REAL ESTATE - 4.2%     
 12,300     Alexandria Real Estate Equities, Inc   966,780 
 24,500     American Homes 4 Rent   446,390 
 31,800     BioMed Realty Trust, Inc   683,700 
 36,000     Boston Properties, Inc   4,300,200 
 26,750     Brandywine Realty Trust   415,962 
 7,500     Camden Property Trust   542,700 
 150,000     DDR Corp   2,631,000 
 17,900     Digital Realty Trust, Inc   1,152,581 
 142,000     Duke Realty Corp   2,554,580 
 24,750     Equity Lifestyle Properties, Inc   1,096,177 
 35,000     Equity Residential   2,262,750 
 19,800     Essex Property Trust, Inc   3,753,486 
 78,800     Extra Space Storage, Inc   4,076,324 
 17,800     Federal Realty Investment Trust   2,173,380 
 96,300     General Growth Properties, Inc   2,250,531 
 205,400     Host Marriott Corp   4,465,396 
 20,000  *  Howard Hughes Corp   2,908,400 
 18,988     Jones Lang LaSalle, Inc   2,348,816 
 40,500     Kilroy Realty Corp   2,504,520 
 70,000     Kimco Realty Corp   1,566,600 
 10,000     Macerich Co   650,100 
 30,950     National Retail Properties, Inc   1,100,892 
 24,500  *  NorthStar Realty Finance Corp   394,450 
 14,500     Omega Healthcare Investors, Inc   529,830 
15

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
            
 15,500     Plum Creek Timber Co, Inc  $641,235 
 10,000     Post Properties, Inc   542,000 
 21,000     Public Storage, Inc   3,603,810 
 19,000     Rayonier, Inc   647,140 
 6,500     Regency Centers Corp   353,340 
 17,000     Retail Properties of America, Inc   255,850 
 33,800     Simon Property Group, Inc   5,684,822 
 30,900     SL Green Realty Corp   3,331,020 
 216,200     Spirit Realty Capital, Inc   2,501,434 
 12,750     Ventas, Inc   809,625 
 30,300     Vornado Realty Trust   3,212,406 
 80,000     Weyerhaeuser Co   2,505,600 
 7,000     WP Carey, Inc   460,110 
       TOTAL REAL ESTATE   70,323,937 
            
RETAILING - 2.2%    
 218,000     Best Buy Co, Inc   6,481,140 
 30,638     Dillard’s, Inc (Class A)   3,652,662 
 33,000     Expedia, Inc   2,620,860 
 21,400     Foot Locker, Inc   1,017,142 
 178,380  e  GameStop Corp (Class A)   7,486,609 
 1,750     Genuine Parts Co   144,935 
 254,000  *,e  JC Penney Co, Inc   2,382,520 
 41,800  *  Liberty Interactive Corp   1,172,490 
 28,000  *  Liberty Ventures   1,936,480 
 70,750     Macy’s, Inc   4,088,642 
 38,000     Penske Auto Group, Inc   1,765,100 
 7,724     Signet Jewelers Ltd   786,226 
 111,500     Staples, Inc   1,292,285 
 37,742     Target Corp   2,249,046 
       TOTAL RETAILING   37,076,137 
            
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.2%    
 68,800     Applied Materials, Inc   1,442,048 
 73,999     Avago Technologies Ltd   5,134,051 
 35,400     Broadcom Corp (Class A)   1,354,404 
 432,850     Intel Corp   14,669,286 
 58,800     Lam Research Corp   4,116,000 
 135,098     Marvell Technology Group Ltd   1,802,207 
 133,800  *  Micron Technology, Inc   4,087,590 
 221,890     Nvidia Corp   3,883,075 
 30,925  *  SunEdison, Inc   618,500 
 7,075  *,e  SunPower Corp   259,865 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   37,367,026 
            
SOFTWARE & SERVICES - 3.8%    
 106,999     Activision Blizzard, Inc   2,394,638 
 45,000  *  Akamai Technologies, Inc   2,655,900 
 18,800  *  Alliance Data Systems Corp   4,931,052 
 27,500     Amdocs Ltd   1,246,850 
 2,800  *  Citrix Systems, Inc   189,644 
 63,199     Computer Sciences Corp   3,942,986 
16

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
             
 13,380  *  Electronic Arts, Inc  $449,568 
 73,890     Fidelity National Information Services, Inc   4,167,396 
 395,700     Microsoft Corp   17,078,412 
 290,800  *,e  Millennial Media, Inc   1,003,260 
 133,000     Symantec Corp   3,146,780 
 64,000  *,p  VMware, Inc (Class A)   6,359,040 
 98,390  *,p  Workday, Inc   8,249,017 
 448,800     Xerox Corp   5,951,088 
 53,224  *  Yahoo!, Inc   1,905,951 
       TOTAL SOFTWARE & SERVICES   63,671,582 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 4.3%    
 45,750  *  Arrow Electronics, Inc   2,651,212 
 354,000     Brocade Communications Systems, Inc   3,260,340 
 70,100     CDW Corp   2,165,389 
 747,750     Cisco Systems, Inc   18,865,733 
 85,300     Corning, Inc   1,676,145 
 37,890  *  EchoStar Corp (Class A)   1,921,023 
 102,400     EMC Corp   3,000,320 
 51,540     Harris Corp   3,518,636 
 390,400     Hewlett-Packard Co   13,902,144 
 83,900  *  Ingram Micro, Inc (Class A)   2,407,930 
 73,800  *,e  InvenSense, Inc   1,698,138 
 48,000     SanDisk Corp   4,402,080 
 45,500     Seagate Technology, Inc   2,666,300 
 133,800     Vishay Intertechnology, Inc   1,970,874 
 86,100     Western Digital Corp   8,595,363 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   72,701,627 
             
TELECOMMUNICATION SERVICES - 1.7%    
 485,000     AT&T, Inc   17,261,150 
 91,300     CenturyTel, Inc   3,582,612 
 39,000  *  Level 3 Communications, Inc   1,715,220 
 45,680     T-Mobile US, Inc   1,504,699 
 100,500     Verizon Communications, Inc   5,067,210 
       TOTAL TELECOMMUNICATION SERVICES   29,130,891 
             
TRANSPORTATION - 2.3%    
 575     Amerco, Inc   151,317 
 40,890  *  American Airlines Group, Inc   1,588,576 
 27,500     Con-Way, Inc   1,357,125 
 32,400     CSX Corp   969,408 
 226,800     Delta Air Lines, Inc   8,495,928 
 56,890     FedEx Corp   8,356,003 
 36,193     Kansas City Southern Industries, Inc   3,947,209 
 41,600     Norfolk Southern Corp   4,229,056 
 28,000     Ryder System, Inc   2,411,640 
 111,300     Southwest Airlines Co   3,147,564 
 50,000     Union Pacific Corp   4,915,500 
       TOTAL TRANSPORTATION   39,569,326 
17

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

SHARES     COMPANY  VALUE 
            
UTILITIES - 5.7%    
 80,000     AES Corp  $1,168,800 
 20,500     AGL Resources, Inc   1,058,620 
 48,000     Alliant Energy Corp   2,712,000 
 42,750     Ameren Corp   1,643,738 
 130,300     American Electric Power Co, Inc   6,774,297 
 66,000     American Water Works Co, Inc   3,152,820 
 30,000     Aqua America, Inc   713,400 
 51,754     Atmos Energy Corp   2,500,753 
 136,000  *  Calpine Corp   2,997,440 
 103,000     CMS Energy Corp   2,979,790 
 129,800     Dominion Resources, Inc   8,779,672 
 7,500     DTE Energy Co   553,650 
 116,800     Edison International   6,400,640 
 53,175     Entergy Corp   3,872,735 
 147,500     Exelon Corp   4,584,300 
 14,000     MDU Resources Group, Inc   441,140 
 14,500     National Fuel Gas Co   999,195 
 66,000     NextEra Energy, Inc   6,196,740 
 98,000     NiSource, Inc   3,692,640 
 54,000     Northeast Utilities   2,370,600 
 109,900     NRG Energy, Inc   3,402,504 
 14,000     OGE Energy Corp   503,300 
 107,500     PPL Corp   3,546,425 
 154,000     Public Service Enterprise Group, Inc   5,416,180 
 3,500     Questar Corp   77,840 
 30,000     SCANA Corp   1,526,400 
 66,800     Sempra Energy   6,660,628 
 54,000     UGI Corp   2,621,160 
 77,899     Westar Energy, Inc   2,807,480 
 20,000     Wisconsin Energy Corp   871,600 
 166,000     Xcel Energy, Inc   5,112,800 
       TOTAL UTILITIES   96,139,287 
             
       TOTAL COMMON STOCKS   1,676,870,422 
       (Cost $1,292,506,846)     
             
SHORT-TERM INVESTMENTS - 1.8%    
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.8%    
 31,066,236  c  TIAA-CREF Short Term Lending Portfolio of the State Street Navigator Securities Lending Trust   31,066,236 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   31,066,236 
               
       TOTAL SHORT-TERM INVESTMENTS   31,066,236 
       (Cost $31,066,236)     
             
       TOTAL INVESTMENTS - 101.2%   1,707,936,658 
       (Cost $1,323,573,082)     
       OTHER ASSETS & LIABILITIES, NET - (1.2)%   (20,983,108)
       NET ASSETS - 100.0%  $1,686,953,550 
               
18

TIAA-CREF FUNDS - Enhanced Large-Cap Value Index Fund

 

             
          Abbreviation(s): 
          ETF     Exchange Traded Fund
          SPDR  Standard & Poor’s Depository Receipts
           
      *   Non-income producing.
      c   Investments made with cash collateral received from securities on loan.
      e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $29,772,116.
      p   All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.
19

TIAA-CREF FUNDS - Growth & Income Fund

 

TIAA-CREF FUNDS

GROWTH & INCOME FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2014

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 99.4%    
           
AUTOMOBILES & COMPONENTS - 1.7%    
 357,738     Delphi Automotive plc  $23,896,898 
 304,787     General Motors Co   10,307,896 
 571,257     Johnson Controls, Inc   26,986,181 
 136,240     Magna International, Inc (Class A) (NY)   14,632,176 
       TOTAL AUTOMOBILES & COMPONENTS   75,823,151 
             
BANKS - 5.9%     
 4,681,719     Bank of America Corp   71,396,215 
 181,783     BNP Paribas   12,061,928 
 414,404     Citigroup, Inc   20,268,500 
 329,946     East West Bancorp, Inc   11,237,961 
 323,859  *  Essent Group Ltd   5,897,472 
 371,469     Investors Bancorp, Inc   3,844,704 
 790,447     JPMorgan Chase & Co   45,585,078 
 743,795     SunTrust Banks, Inc   28,301,400 
 1,306,127     Wells Fargo & Co   66,481,864 
       TOTAL BANKS   265,075,122 
             
CAPITAL GOODS - 6.9%     
 365,272  p  Emerson Electric Co   23,249,563 
 131,349  *  Esterline Technologies Corp   14,257,934 
 200,513     General Dynamics Corp   23,413,903 
 3,634,197     General Electric Co   91,400,054 
 58,549     Graco, Inc   4,341,408 
 592,108     Honeywell International, Inc   54,373,278 
 401,944     ITT Corp   18,477,366 
 109,962     L-3 Communications Holdings, Inc   11,541,611 
 389,177  *,p  Quanta Services, Inc   13,033,538 
 153,445  p  Rockwell Automation, Inc   17,133,669 
 172,166  *  Teledyne Technologies, Inc   15,701,539 
 181,714  *  Vestas Wind Systems AS   8,192,978 
 124,086  *  WABCO Holdings, Inc   12,095,903 
       TOTAL CAPITAL GOODS   307,212,744 
             
COMMERCIAL & PROFESSIONAL SERVICES - 0.8%     
 713,067     Pitney Bowes, Inc   19,295,593 
 323,003     Robert Half International, Inc   15,714,096 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   35,009,689 
             
CONSUMER DURABLES & APPAREL - 3.9%     
 710,457     DR Horton, Inc   14,706,460 
 224,225  *,e,p  Garmin Ltd   12,341,344 
 221,763  *,e,p  GoPro, Inc   10,637,971 
 46,994     Hanesbrands, Inc   4,591,784 
20

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES     COMPANY  VALUE 
           
 154,522     Harman International Industries, Inc  $16,773,363 
 557,803     Hasbro, Inc   27,867,838 
 414,664  *  Jarden Corp   23,179,718 
 244,362  *  Kate Spade & Co   9,244,214 
 106,826  *,p  Mohawk Industries, Inc   13,328,680 
 961,549     Newell Rubbermaid, Inc   31,231,111 
 80  e  Prada S.p.A   566 
 71,768     Ralph Lauren Corp   11,185,761 
       TOTAL CONSUMER DURABLES & APPAREL   175,088,810 
             
CONSUMER SERVICES - 1.2%     
 284,784     Accor S.A.   13,791,410 
 226,821  *  Chuy’s Holdings, Inc   6,498,421 
 529,935  *  Hilton Worldwide Holdings, Inc   12,829,726 
 528,612  *  Orient-Express Hotels Ltd   6,554,789 
 365,526     Six Flags Entertainment Corp   13,970,404 
       TOTAL CONSUMER SERVICES   53,644,750 
             
DIVERSIFIED FINANCIALS - 3.9%     
 404,700     American Express Co   35,613,600 
 240,403     Ameriprise Financial, Inc   28,752,199 
 445,240     Blackstone Group LP   14,550,443 
 946,370  *  ING Groep NV   12,291,059 
 403,050     Lazard Ltd (Class A)   21,079,515 
 210,812     Moody’s Corp   18,340,644 
 1,381,493     Morgan Stanley   44,677,484 
       TOTAL DIVERSIFIED FINANCIALS   175,304,944 
             
ENERGY - 8.4%     
 199,744     Anadarko Petroleum Corp   21,342,646 
 304,307     Apache Corp   31,240,157 
 306,677  *  Cheniere Energy, Inc   21,700,465 
 693,380     Chevron Corp   89,612,431 
 456,410     EOG Resources, Inc   49,949,511 
 789,619     Halliburton Co   54,475,815 
 755,987     Marathon Oil Corp   29,294,496 
 184,319  p  Marathon Petroleum Corp   15,386,950 
 414,857  e  Peyto Exploration & Development Corp   13,944,613 
 262,637     Phillips 66   21,302,487 
 858,871     Talisman Energy, Inc   8,975,202 
 354,135     Williams Cos, Inc   20,054,665 
       TOTAL ENERGY   377,279,438 
             
FOOD & STAPLES RETAILING - 1.0%     
 480,877     Kroger Co   23,553,356 
 3,432,231  *  Rite Aid Corp   22,961,625 
       TOTAL FOOD & STAPLES RETAILING   46,514,981 
             
FOOD, BEVERAGE & TOBACCO - 4.4%     
 1,622,942     Britvic plc   19,178,262 
 195,369     Brown-Forman Corp (Class B)   16,928,724 
21

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES     COMPANY  VALUE 
           
 407,767  *  Constellation Brands, Inc (Class A)  $33,950,680 
 152,895     Mead Johnson Nutrition Co   13,980,719 
 473,771     Mondelez International, Inc   17,055,756 
 734,739     PepsiCo, Inc   64,730,506 
 314,762     SABMiller plc   17,139,289 
 468,432  *  WhiteWave Foods Co (Class A)   13,954,589 
       TOTAL FOOD, BEVERAGE & TOBACCO   196,918,525 
             
HEALTH CARE EQUIPMENT & SERVICES - 3.9%     
 369,100     Abbott Laboratories   15,546,492 
 568,912     Aetna, Inc   44,107,748 
 28,540     Cooper Cos, Inc   4,591,515 
 540,390  *  Hologic, Inc   14,087,967 
 267,763  *  Insulet Corp   9,462,744 
 130,967     McKesson Corp   25,127,329 
 493,896     St. Jude Medical, Inc   32,197,080 
 643,789  *  Trupanion, Inc   6,437,890 
 203,191     Universal Health Services, Inc (Class B)   21,660,161 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   173,218,926 
             
HOUSEHOLD & PERSONAL PRODUCTS - 2.6%     
 257,441     Beiersdorf AG.   23,204,242 
 346,505     Colgate-Palmolive Co   21,968,417 
 240,315     Estee Lauder Cos (Class A)   17,653,540 
 73,370     L’Oreal S.A.   12,389,250 
 546,893     Procter & Gamble Co   42,285,767 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   117,501,216 
             
INSURANCE - 3.2%     
 377,878     ACE Ltd   37,825,588 
 512,182     Allstate Corp   29,937,038 
 275,130  *  FNF Group   7,458,774 
 887,284     Hartford Financial Services Group, Inc   30,309,621 
 750,496     Metlife, Inc   39,476,090 
       TOTAL INSURANCE   145,007,111 
             
MATERIALS - 3.4%     
 220,942     Akzo Nobel NV   15,913,035 
 1,304,844     Alcoa, Inc   21,386,393 
 313,566     Companhia Vale do Rio Doce (ADR)   4,499,672 
 187,699  *  Crown Holdings, Inc   8,737,388 
 680,458     Dow Chemical Co   34,750,990 
 318,011     LyondellBasell Industries AF S.C.A   33,788,669 
 133,083     PPG Industries, Inc   26,398,344 
 277,486     Southern Copper Corp (NY)   9,118,190 
       TOTAL MATERIALS   154,592,681 
             
MEDIA - 4.6%     
 220,023     CBS Outdoor Americas, Inc   7,324,566 
 1,115,830     Comcast Corp (Class A)   59,953,546 
 320,963     DISH Network Corp (Class A)   19,854,771 
22

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES     COMPANY  VALUE 
           
 567,744  e,p  Lions Gate Entertainment Corp  $17,486,515 
 326,758     Time Warner, Inc   27,127,449 
 206,094     Viacom, Inc (Class B)   17,037,791 
 653,026     Walt Disney Co   56,081,873 
       TOTAL MEDIA   204,866,511 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 11.6%     
 713,825     AbbVie, Inc   37,361,600 
 167,418  *  Actavis plc   35,870,981 
 182,571  *  Alexion Pharmaceuticals, Inc   29,026,963 
 435,384  *  Alkermes plc   18,617,020 
 149,994     AstraZeneca plc   10,952,024 
 84,263  *  Biogen Idec, Inc   28,176,704 
 1,012,029  *  Biovitrum AB   12,167,239 
 1,123,135     Bristol-Myers Squibb Co   56,853,094 
 423,986  *  Celgene Corp   36,950,380 
 659,640  *,p  Gilead Sciences, Inc   60,390,042 
 112,436  *  Illumina, Inc   17,979,641 
 134,678  *,p  Jazz Pharmaceuticals plc   18,818,557 
 859,300     Johnson & Johnson   86,007,337 
 93,144  *  Ligand Pharmaceuticals, Inc (Class B)   4,579,891 
 358,668  *  Mylan Laboratories, Inc   17,707,439 
 179,956     Novartis AG.   15,655,919 
 245,279  *  NPS Pharmaceuticals, Inc   6,853,095 
 139,723  *  Salix Pharmaceuticals Ltd   18,430,861 
 278,473     Zoetis Inc   9,164,546 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   521,563,333 
             
RETAILING - 4.9%     
 32,971  *  AutoZone, Inc   17,046,996 
 593,452     Best Buy Co, Inc   17,643,328 
 155,718  e  GameStop Corp (Class A)   6,535,484 
 715,072     Home Depot, Inc   57,813,571 
 1,049,715  *,e  JC Penney Co, Inc   9,846,327 
 550,587     Macy’s, Inc   31,818,423 
 52,803  *,p  NetFlix, Inc   22,320,884 
 203,390  *,p  Restoration Hardware Holdings, Inc   16,635,268 
 155,341     Tiffany & Co   15,162,835 
 153,815  *  TripAdvisor, Inc   14,587,815 
 358,287  *,e  Yoox S.p.A   9,429,277 
       TOTAL RETAILING   218,840,208 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.8%     
 252,203     Avago Technologies Ltd   17,497,844 
 1,322,455     Intel Corp   44,818,000 
 436,942  *  NXP Semiconductors NV   27,243,334 
 380,065  *,e  SunPower Corp   13,959,787 
 477,774     Texas Instruments, Inc   22,097,048 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   125,616,013 
             
SOFTWARE & SERVICES - 9.6%     
 480,422     Activision Blizzard, Inc   10,751,844 
23

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES     COMPANY  VALUE 
           
 97,661  *  Alliance Data Systems Corp  $25,615,504 
 159,768  *  Aspen Technology, Inc   6,940,322 
 41,322  *  Baidu, Inc (ADR)   8,927,618 
 338,749  *,p  Citrix Systems, Inc   22,943,470 
 123,841  *,e,p  Demandware, Inc   7,460,182 
 673,989  *  Facebook, Inc   48,965,301 
 539,699  *  Fortinet, Inc   13,249,610 
 180,224  *  Google, Inc   103,016,038 
 6,000  *  Google, Inc (Class A)   3,477,300 
 297,913  *  Informatica Corp   9,449,800 
 2,302,217     Microsoft Corp   99,363,686 
 33,209  *  MicroStrategy, Inc (Class A)   4,753,204 
 107,454  *  Red Hat, Inc   6,245,226 
 339,469  *  Salesforce.com, Inc   18,416,193 
 327,800  *  Take-Two Interactive Software, Inc   7,336,164 
 264,861  *,p  Twitter, Inc   11,969,069 
 134,049  *,p  Workday, Inc   11,238,668 
 197,981  *  Yahoo!, Inc   7,089,700 
 1,503,279  *  Zynga, Inc   4,389,575 
       TOTAL SOFTWARE & SERVICES   431,598,474 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 7.6%     
 1,783,567  p  Apple, Inc   170,455,498 
 414,913  *,e  Blackberry Ltd   3,871,138 
 1,103,476  *,e  Ciena Corp   21,550,886 
 1,062,298     Cisco Systems, Inc   26,801,779 
 287,574  *  F5 Networks, Inc   32,377,957 
 816,185     Hewlett-Packard Co   29,064,348 
 246,210     SanDisk Corp   22,579,919 
 98,338  *,e,p  Stratasys Ltd   9,886,902 
 159,811  *,p  Synaptics, Inc   11,543,149 
 175,040     TE Connectivity Ltd   10,833,226 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   338,964,802 
             
TELECOMMUNICATION SERVICES - 2.1%     
 366,534  *  Level 3 Communications, Inc   16,120,165 
 777,785     T-Mobile US, Inc   25,620,238 
 1,076,471     Verizon Communications, Inc   54,275,668 
       TOTAL TELECOMMUNICATION SERVICES   96,016,071 
             
TRANSPORTATION - 3.0%     
 324,843  *  American Airlines Group, Inc   12,620,150 
 142,372     Canadian Pacific Railway Ltd   27,043,561 
 246,995     CH Robinson Worldwide, Inc   16,662,283 
 1,050,288     Delta Air Lines, Inc   39,343,789 
 154,896     Kansas City Southern Industries, Inc   16,892,958 
 82,383  *  Old Dominion Freight Line   5,229,673 
 192,293     Ryder System, Inc   16,562,196 
       TOTAL TRANSPORTATION   134,354,610 
             
UTILITIES - 2.0%     
 328,516     American Water Works Co, Inc   15,693,209 
24

TIAA-CREF FUNDS - Growth & Income Fund

 

SHARES     COMPANY   RATE   MATURITY
DATE
  VALUE 
                       
 449,270  *  Calpine Corp              $9,901,911 
 244,590     NextEra Energy, Inc               22,964,555 
 293,871  e  NRG Yield, Inc               15,354,760 
 244,777     Sempra Energy               24,406,715 
       TOTAL UTILITIES               88,321,150 
                         
       TOTAL COMMON STOCKS               4,458,333,260 
       (Cost $3,495,109,827)                 
                         
PURCHASED OPTION - 0.0%                 
                         
CONSUMER DURABLES & APPAREL - 0.0%                 
 10,000     GoPro, Inc               27,400 
       TOTAL CONSUMER DURABLES & APPAREL               27,400 
                         
TECHNOLOGY HARDWARE & EQUIPMENT - 0.0%                 
 12,500     Apple, Inc               3,250 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT               3,250 
                         
       TOTAL PURCHASED OPTION               30,650 
       (Cost $41,531)                 
                         
PRINCIPAL     ISSUER        
            
SHORT-TERM INVESTMENTS - 2.9%           
TREASURY DEBT - 0.3%           
$15,000,000     United States Treasury Bill   0.025%  08/07/14   14,999,938 
       TOTAL TREASURY DEBT           14,999,938 
                     
SHARES     COMPANY             
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 2.6%             
 116,570,932  c  TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust
           116,570,932 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     116,570,932 
                     
       TOTAL SHORT-TERM INVESTMENTS           131,570,870 
       (Cost $131,570,870)             
                     
       TOTAL INVESTMENTS - 102.3%           4,589,934,780 
       (Cost $3,626,722,228)             
       OTHER ASSETS & LIABILITIES, NET - (2.3)%           (103,371,798)
       NET ASSETS - 100.0%          $4,486,562,982 
           
         
        Abbreviation(s):
        ADR    American Depositary Receipt
         
    *   Non-income producing.
    c   Investments made with cash collateral received from securities on loan.
    e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $111,791,222.
    p   All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.
25

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

TIAA-CREF FUNDS

LARGE-CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2014

 

SHARES     COMPANY  VALUE 
           
COMMON STOCKS - 98.9%     
             
AUTOMOBILES & COMPONENTS - 1.5%     
 408,662     BorgWarner, Inc  $25,439,209 
 60,489  *,e  Tesla Motors, Inc   13,507,194 
       TOTAL AUTOMOBILES & COMPONENTS   38,946,403 
             
CAPITAL GOODS - 3.5%     
 168,859     3M Co   23,790,545 
 123,604     Cummins, Inc   17,229,161 
 63,373  *  Middleby Corp   4,617,357 
 164,845     Roper Industries, Inc   23,749,219 
 98,407     W.W. Grainger, Inc   23,140,406 
       TOTAL CAPITAL GOODS   92,526,688 
             
COMMERCIAL & PROFESSIONAL SERVICES - 2.9%     
 1,118,169     Nielsen Holdings NV   51,558,773 
 411,407  *  Verisk Analytics, Inc   24,700,876 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   76,259,649 
             
CONSUMER DURABLES & APPAREL - 3.3%     
 252,608  *,e  Garmin Ltd   13,903,545 
 376,226     Luxottica Group S.p.A.   20,756,057 
 176,913  *  Michael Kors Holdings Ltd   14,414,871 
 491,522     Nike, Inc (Class B)   37,911,092 
       TOTAL CONSUMER DURABLES & APPAREL   86,985,565 
             
CONSUMER SERVICES - 3.3%     
 13,584  *  Chipotle Mexican Grill, Inc (Class A)   9,135,240 
 366,766     Marriott International, Inc (Class A)   23,733,428 
 693,353     Starbucks Corp   53,859,661 
       TOTAL CONSUMER SERVICES   86,728,329 
             
DIVERSIFIED FINANCIALS - 6.3%    
 104,545  *  Affiliated Managers Group, Inc   20,830,591 
 222,982     Ameriprise Financial, Inc   26,668,647 
 438,449     Blackstone Group LP   14,328,513 
 41,710     CBOE Holdings, Inc   2,021,684 
 196,918     IntercontinentalExchange Group, Inc   37,851,578 
 157,076     McGraw-Hill Financial, Inc   12,600,637 
 605,092     Moody’s Corp   52,643,004 
       TOTAL DIVERSIFIED FINANCIALS   166,944,654 
ENERGY - 4.5%       
 227,661     Apache Corp   23,371,678 
 40,377  *  Cheniere Energy, Inc   2,857,077 

26

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
           
 404,278     EOG Resources, Inc  $44,244,184 
 560,033     Halliburton Co   38,636,677 
 178,656     Williams Cos, Inc   10,117,289 
       TOTAL ENERGY   119,226,905 
             
FOOD, BEVERAGE & TOBACCO - 0.7%     
 157,769     Keurig Green Mountain, Inc   18,818,686 
       TOTAL FOOD, BEVERAGE & TOBACCO   18,818,686 
             
HEALTH CARE EQUIPMENT & SERVICES - 2.1%     
 616,878     Abbott Laboratories   25,982,901 
 238,168  *  Cerner Corp   13,146,874 
 16,491     Cooper Cos, Inc   2,653,072 
 23,651  *  Intuitive Surgical, Inc   10,821,515 
 131,030  *  Trupanion, Inc   1,310,300 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   53,914,662 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.8%     
 660,425     Estee Lauder Cos (Class A)   48,514,821 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   48,514,821 
             
MATERIALS - 4.9%     
 232,521     LyondellBasell Industries AF S.C.A   24,705,356 
 517,650     Monsanto Co   58,541,039 
 103,064     PPG Industries, Inc   20,443,775 
 123,271     Sherwin-Williams Co   25,422,178 
       TOTAL MATERIALS   129,112,348 
             
MEDIA - 4.2%     
 702,286     Comcast Corp (Class A)   37,733,827 
 175,552  *  Discovery Communications, Inc (Class A)   14,958,786 
 158,905  *  Tribune Co   13,109,663 
 39,726  *  Tribune Publishing Co   835,443 
 520,305     Walt Disney Co   44,683,793 
       TOTAL MEDIA   111,321,512 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 16.1%     
 144,671  *  Alexion Pharmaceuticals, Inc   23,001,242 
 468,043  *  Alkermes plc   20,013,519 
 53,120     Allergan, Inc   8,810,483 
 150,291  *  Biogen Idec, Inc   50,255,808 
 616,336     Bristol-Myers Squibb Co   31,198,928 
 873,308  *  Celgene Corp   76,108,792 
 821,006  *  Gilead Sciences, Inc   75,163,099 
 102,120     Grifols S.A.   4,609,474 
 79,307  *  Illumina, Inc   12,681,982 
 509,032     Novo Nordisk AS   23,431,839 
 221,953  *  NPS Pharmaceuticals, Inc   6,201,367 
 312,884     Perrigo Co plc   47,073,398 
 130,276     Questcor Pharmaceuticals, Inc   11,720,932 
 135,450  *  Salix Pharmaceuticals Ltd   17,867,210 

27

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
 174,343     Shire Ltd  $14,349,882 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   422,487,955 
             
REAL ESTATE - 0.7%     
 614,619  *  CBRE Group, Inc   18,954,850 
       TOTAL REAL ESTATE   18,954,850 
             
RETAILING - 5.6%     
 164,947  *  Amazon.com, Inc   51,626,761 
 356,154     Expedia, Inc   28,285,751 
 493,809     Home Depot, Inc   39,924,458 
 21,131  *  Priceline.com, Inc   26,254,211 
       TOTAL RETAILING   146,091,181 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.7%     
 101,149  *  First Solar, Inc   6,383,513 
 689,671     Intel Corp   23,372,950 
 387,321     Lam Research Corp   27,112,470 
 209,959  *  NXP Semiconductors NV   13,090,944 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   69,959,877 
             
SOFTWARE & SERVICES - 25.0%     
 933,853  *  Adobe Systems, Inc   64,538,581 
 397,720  *  Autodesk, Inc   21,218,362 
 1,176,017  *  Facebook, Inc   85,437,635 
 99,008  *  Google, Inc   56,592,973 
 99,008  *  Google, Inc (Class A)   57,380,086 
 1,018,707     Intuit, Inc   83,503,413 
 297,680  *,e  King Digital Entertainment plc   5,789,876 
 894,425     Mastercard, Inc (Class A)   66,321,614 
 839,323     Oracle Corp   33,900,256 
 637,155  *  Red Hat, Inc   37,031,449 
 715,410  *  Salesforce.com, Inc   38,810,992 
 69,942  *  Twitter, Inc   3,160,679 
 230,640     Visa, Inc (Class A)   48,667,346 
 544,182  *  VMware, Inc (Class A)   54,069,924 
       TOTAL SOFTWARE & SERVICES   656,423,186 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 4.6%     
 1,225,001     Apple, Inc   117,073,346 
 35,461  *,e  Stratasys Ltd   3,565,249 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   120,638,595 
             
TELECOMMUNICATION SERVICES - 2.3%     
 292,161  *  Level 3 Communications, Inc   12,849,241 
 558,400     Softbank Corp   40,142,399 
 255,795     T-Mobile US, Inc   8,425,887 
       TOTAL TELECOMMUNICATION SERVICES   61,417,527 
28

TIAA-CREF FUNDS - Large-Cap Growth Fund

 

SHARES     COMPANY     RATE    MATURITY DATE   VALUE 
                    
TRANSPORTATION - 2.9%            
 54,378     Canadian Pacific Railway Ltd           $10,329,101 
 521,783     Delta Air Lines, Inc            19,545,991 
 204,150     Kansas City Southern Industries, Inc            22,264,599 
 250,400     Union Pacific Corp            24,616,824 
       TOTAL TRANSPORTATION            76,756,515 
                       
       TOTAL COMMON STOCKS            2,602,029,908 
       (Cost $1,988,893,940)              
                       
PRINCIPAL     ISSUER                  
                      
SHORT-TERM INVESTMENTS - 1.7%              
TREASURY DEBT - 0.4%              
$10,000,000     United States Treasury Bill  0.025%    08/07/14   9,999,958 
       TOTAL TREASURY DEBT            9,999,958 
                      
SHARES     COMPANY              
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 1.3%              
 35,570,707 c TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust
   35,570,707 
       TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES   35,570,707 
                      
       TOTAL SHORT-TERM INVESTMENTS            45,570,665 
       (Cost $45,570,665)              
                      
       TOTAL INVESTMENTS - 100.6%            2,647,600,573 
       (Cost $2,034,464,605)              
       OTHER ASSETS & LIABILITIES, NET - (0.6)%            (16,402,264)
       NET ASSETS - 100.0%           $2,631,198,309 
                       
        
   *   Non-income producing.
   c   Investments made with cash collateral received from securities on loan.
   e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $34,532,990.
29

TIAA-CREF FUNDS - Large-Cap Value Fund

 

TIAA-CREF FUNDS

LARGE-CAP VALUE FUND

SCHEDULE OF INVESTMENTS (unaudited)

July 31, 2014

             

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.4%    
             
AUTOMOBILES & COMPONENTS - 0.5%     
 533,775  *  American Axle & Manufacturing Holdings, Inc  $9,816,122 
 439,626     General Motors Co   14,868,152 
       TOTAL AUTOMOBILES & COMPONENTS   24,684,274 
             
BANKS - 9.8%     
 6,033,543     Bank of America Corp   92,011,531 
 1,579,510     Citigroup, Inc   77,253,834 
 255,072  *  Essent Group Ltd   4,644,861 
 2,107,574     Huntington Bancshares, Inc   20,696,377 
 1,403,262     Investors Bancorp, Inc   14,523,762 
 1,043,039     JPMorgan Chase & Co   60,152,059 
 2,330,230     Keycorp   31,551,314 
 3,224,622     Regions Financial Corp   32,697,667 
 1,637,168     TCF Financial Corp   25,883,626 
 2,800,316     Wells Fargo & Co   142,536,084 
       TOTAL BANKS   501,951,115 
             
CAPITAL GOODS - 6.8%     
 489,978     Allegion plc   25,199,569 
 152,229     General Dynamics Corp   17,775,780 
 7,452,360     General Electric Co   187,426,854 
 717,606  e  Joy Global, Inc   42,525,331 
 85,278     L-3 Communications Holdings, Inc   8,950,779 
 145,596  *,e  NOW, Inc   4,686,735 
 312,574     SPX Corp   30,985,461 
 553,081     Textron, Inc   20,115,556 
 359,634  *  USG Corp   9,512,319 
       TOTAL CAPITAL GOODS   347,178,384 
             
CONSUMER DURABLES & APPAREL - 2.1%     
 150,013  *,e  Deckers Outdoor Corp   13,277,651 
 586,567     Hasbro, Inc   29,304,887 
 726,277  *  Jarden Corp   40,598,885 
 1,407,079     Pulte Homes, Inc   24,834,944 
       TOTAL CONSUMER DURABLES & APPAREL   108,016,367 
             
CONSUMER SERVICES - 3.0%     
 672,210  *  Apollo Group, Inc (Class A)   18,774,825 
 613,493     ARAMARK Holdings Corp   16,539,771 
 923,714     Burger King Worldwide, Inc   24,367,575 
 641,117     Darden Restaurants, Inc   29,972,220 
 2,512,568  e  Echo Entertainment Group Ltd   7,697,084 
 1,240,966     Extended Stay America, Inc   27,971,374 
 403,578     Interval Leisure Group, Inc   8,547,782 
30

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES     COMPANY  VALUE 
             
 115,732     Las Vegas Sands Corp  $8,546,808 
 185,492  *  Orient-Express Hotels Ltd   2,300,101 
 181,199     Six Flags Entertainment Corp   6,925,426 
       TOTAL CONSUMER SERVICES   151,642,966 
             
DIVERSIFIED FINANCIALS - 4.9%     
 108,898  *,e  Ally Financial, Inc   2,500,298 
 319,701     Apollo Management LP   8,395,348 
 301,842     Capital One Financial Corp   24,008,513 
 370,012  *  E*Trade Financial Corp   7,777,652 
 142,147     Goldman Sachs Group, Inc   24,572,952 
 1,351,975  *  ING Groep NV (ADR)   17,535,116 
 894,163     Legg Mason, Inc   42,428,034 
 1,585,064     Morgan Stanley   51,260,970 
 831,796     State Street Corp   58,591,710 
 512,147  *  Synchrony Financial   11,779,381 
       TOTAL DIVERSIFIED FINANCIALS   248,849,974 
             
ENERGY - 14.7%     
 95,519     Anadarko Petroleum Corp   10,206,205 
 239,935  *  Antero Resources Corp   13,858,646 
 435,070     Apache Corp   44,664,286 
 1,144,797     Cameco Corp   23,079,107 
 1,005,219     Chevron Corp   129,914,503 
 502,960  *  Cobalt International Energy, Inc   8,057,419 
 422,793     ConocoPhillips   34,880,422 
 263,870  *  Dresser-Rand Group, Inc   15,702,904 
 1,296,896  *,e  EP Energy Corp   25,937,920 
 2,559,894  e  EXCO Resources, Inc   11,801,111 
 1,206,868     Exxon Mobil Corp   119,407,520 
 998,321     Kinder Morgan, Inc   35,919,590 
 1,243,397     Marathon Oil Corp   48,181,634 
 736,350  *  Matador Resources Co   19,910,904 
 876,709     Nabors Industries Ltd   23,811,416 
 176,945     Occidental Petroleum Corp   17,289,296 
 207,210  *  PDC Energy, Inc   11,243,215 
 162,128     Phillips 66   13,150,202 
 300,793     Superior Energy Services   10,106,645 
 5,990,437     Talisman Energy, Inc   62,600,067 
 261,754     Teekay Corp   14,569,228 
 936,780  *  Weatherford International Ltd   20,955,769 
 666,575     Williams Cos, Inc   37,748,142 
       TOTAL ENERGY   752,996,151 
             
FOOD & STAPLES RETAILING - 1.4%     
 750,335     CVS Corp   57,295,581 
 175,613  p  Walgreen Co   12,076,906 
       TOTAL FOOD & STAPLES RETAILING   69,372,487 
             
FOOD, BEVERAGE & TOBACCO - 2.2%     
 569,733     Archer Daniels Midland Co   26,435,611 
 760,732     Mondelez International, Inc   27,386,352 
31

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES     COMPANY  VALUE 
             
 363,884     Philip Morris International, Inc  $29,842,127 
 558,508     SABMiller plc   30,411,644 
       TOTAL FOOD, BEVERAGE & TOBACCO   114,075,734 
             
HEALTH CARE EQUIPMENT & SERVICES - 4.4%     
 492,622     Abbott Laboratories   20,749,239 
 979,804  *  Boston Scientific Corp   12,521,895 
 340,051     Covidien plc   29,417,812 
 257,079  *  Express Scripts Holding Co   17,905,552 
 1,272,206  *  Hologic, Inc   33,166,410 
 602,300  *  Olympus Corp   21,673,029 
 866,571     UnitedHealth Group, Inc   70,235,580 
 239,465  *  WellCare Health Plans, Inc   14,937,827 
 59,051     WellPoint, Inc   6,484,390 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   227,091,734 
             
HOUSEHOLD & PERSONAL PRODUCTS - 2.7%     
 1,926,885     Avon Products, Inc   25,434,882 
 162,391     Beiersdorf AG.   14,636,986 
 1,271,854     Procter & Gamble Co   98,339,751 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   138,411,619 
             
INSURANCE - 7.0%     
 422,766     ACE Ltd   42,318,876 
 617,779     Allstate Corp   36,109,182 
 736,961     American International Group, Inc   38,307,233 
 452,191  *  Berkshire Hathaway, Inc (Class B)   56,718,317 
 997,486     Hartford Financial Services Group, Inc   34,074,122 
 733,286  *  Hilltop Holdings, Inc   15,032,363 
 463,868     Marsh & McLennan Cos, Inc   23,550,578 
 836,488     Metlife, Inc   43,999,269 
 475,761     Principal Financial Group   23,635,807 
 218,205     Prudential Financial, Inc   18,977,289 
 281,300     Travelers Cos, Inc   25,193,228 
       TOTAL INSURANCE   357,916,264 
             
MATERIALS - 3.2%     
 138,171     Akzo Nobel NV   9,951,571 
 465,506     Axiall Corp   19,937,622 
 2,002,479  *,e  Cemex SAB de C.V. (ADR)   25,151,136 
 1,233,598  e  Cliffs Natural Resources, Inc   21,526,285 
 730,084  *  Constellium NV   21,157,834 
 428,266     Freeport-McMoRan Copper & Gold, Inc (Class B)   15,940,060 
 1,306,066  *  Louisiana-Pacific Corp   17,684,134 
 125,030     Sealed Air Corp   4,015,964 
 514,709     Southern Copper Corp (NY)   16,913,338 
 236,818  *  Trinseo S.A.   3,947,756 
 86,483  e  Wacker Chemie AG.   10,010,675 
       TOTAL MATERIALS   166,236,375 

32

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES      COMPANY  VALUE 
             
MEDIA - 1.2%     
 302,633     CBS Outdoor Americas, Inc  $10,074,653 
 277,831     Time Warner, Inc   23,065,530 
 34,728  *  Time, Inc   836,945 
 300,883  *  Tribune Co   24,822,847 
 75,221  *  Tribune Publishing Co   1,581,892 
       TOTAL MEDIA   60,381,867 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 9.5%     
 384,808     AbbVie, Inc   20,140,851 
 315,496     Agilent Technologies, Inc   17,696,171 
 1,369,009  *  Biovitrum AB   16,459,073 
 253,223     Bristol-Myers Squibb Co   12,818,148 
 358,033  *  Endo International plc   24,016,854 
 5,186  *,e  Foundation Medicine, Inc   116,789 
 1,510,196     Johnson & Johnson   151,155,518 
 1,549,708     Merck & Co, Inc   87,930,432 
 209,369     Novartis AG. (ADR)   18,202,541 
 120,614     Perrigo Co plc   18,146,376 
 2,330,648     Pfizer, Inc   66,889,597 
 312,512  *  Qiagen NV (NASDAQ)   7,634,668 
 128,669  e  Questcor Pharmaceuticals, Inc   11,576,350 
 87,268  *  Salix Pharmaceuticals Ltd   11,511,522 
 712,645     Zoetis Inc   23,453,147 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   487,748,037 
             
REAL ESTATE - 3.2%     
 559,971     Brixmor Property Group, Inc   12,683,343 
 481,579  *  Forest City Enterprises, Inc (Class A)   9,231,869 
 253,185     Liberty Property Trust   8,904,517 
 560,493     Mack-Cali Realty Corp   11,826,402 
 251,727     Post Properties, Inc   13,643,603 
 169,045     Potlatch Corp   6,981,559 
 485,979  *  Realogy Holdings Corp   17,864,588 
 196,538     SL Green Realty Corp   21,186,796 
 945,283     Starwood Property Trust, Inc   22,308,679 
 392,030     Vornado Realty Trust   41,563,021 
       TOTAL REAL ESTATE   166,194,377 
             
RETAILING - 2.1%     
 108,343     American Eagle Outfitters, Inc   1,154,936 
 308,575  *  Bed Bath & Beyond, Inc   19,529,712 
 505,199     Best Buy Co, Inc   15,019,566 
 473,385     DSW, Inc (Class A)   12,587,307 
 152,542     Expedia, Inc   12,114,886 
 1,331,363  *,e  Groupon, Inc   8,613,918 
 11,589,948  e  Hengdeli Holdings Ltd   2,018,881 
 23,073,000  *  Intime Retail Group Co Ltd   21,497,324 
 1,713,873  *,e  JC Penney Co, Inc   16,076,129 
 98,900  *,e  Lifestyle Properties Development Ltd   13,308 
       TOTAL RETAILING   108,625,967 
33

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES     COMPANY  VALUE 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.1%     
 369,074     Broadcom Corp (Class A)  $14,120,771 
 468,600  *  First Solar, Inc   29,573,346 
 717,578     Intel Corp   24,318,719 
 698,488  *  International Rectifier Corp   17,350,442 
 2,736,407  *  ON Semiconductor Corp   23,423,644 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   108,786,922 
             
SOFTWARE & SERVICES - 4.3%     
 403,558  *  Autodesk, Inc   21,529,819 
 159,223  *  Citrix Systems, Inc   10,784,174 
 112,925     DST Systems, Inc   10,171,155 
 653,559  *  Fortinet, Inc   16,044,873 
 2,495,392     Microsoft Corp   107,701,119 
 291,497  *  Rackspace Hosting, Inc   8,829,444 
 239,054  *,e  VistaPrint Ltd        11,775,800 
 577,683  *  Yahoo!, Inc   20,686,828 
 4,822,316  *  Zynga, Inc   14,081,163 
       TOTAL SOFTWARE & SERVICES   221,604,375 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 4.2%     
 332,657  *,e  Ciena Corp   6,496,791 
 2,215,317     Cisco Systems, Inc   55,892,448 
 446,156     Corning, Inc   8,766,965 
 540,718     EMC Corp   15,843,037 
 1,593,114     Hewlett-Packard Co   56,730,790 
 1,056,896  *  JDS Uniphase Corp   12,545,356 
 536,491  *  Juniper Networks, Inc   12,628,998 
 4,496,938     Nokia Corp   35,660,718 
 203,603     Seagate Technology, Inc   11,931,136 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   216,496,239 
             
TELECOMMUNICATION SERVICES - 3.5%     
 2,475,174     AT&T, Inc   88,091,442 
 4,277,376  e  Frontier Communications Corp   28,016,813 
 881,707  *  Level 3 Communications, Inc   38,777,474 
 549,671     Telephone & Data Systems, Inc   13,741,775 
 2,631,085     Vodafone Group plc   8,761,753 
       TOTAL TELECOMMUNICATION SERVICES   177,389,257 
             
TRANSPORTATION - 2.8%     
 833,352  *  American Airlines Group, Inc   32,375,725 
 726,667  *,b,m  AMR Corp (Escrow)   7,267 
 654,054     Con-Way, Inc   32,277,565 
 158,213     FedEx Corp   23,238,325 
 1,243,661  *  Hertz Global Holdings, Inc   35,096,114 
 360,525  *  UAL Corp   16,724,755 
 350,059     UTI Worldwide, Inc   3,311,558 
       TOTAL TRANSPORTATION   143,031,309 

34

TIAA-CREF FUNDS - Large-Cap Value Fund

 

 SHARES     COMPANY   RATE   MATURITY
DATE
  VALUE 
                         
UTILITIES - 3.8%                   
 879,532  *  Calpine Corp              $19,384,885 
 1,038,852     Centerpoint Energy, Inc               25,264,881 
 304,907     Duke Energy Corp               21,992,942 
 230,685     Edison International               12,641,538 
 1,055,499     Exelon Corp               32,804,909 
 206,670     FirstEnergy Corp               6,450,171 
 381,434     NextEra Energy, Inc               35,812,838 
 574,744     NRG Energy, Inc               17,794,074 
 245,946     PG&E Corp               10,986,408 
 123,953     Sempra Energy               12,359,353 
       TOTAL UTILITIES               195,491,999 
                         
       TOTAL COMMON STOCKS               5,094,173,793 
       (Cost $4,223,230,622)                 
                         
PURCHASED OPTION - 0.0%                    
                               
FOOD & STAPLES RETAILING - 0.0%                    
  28,000       Walgreen Co                 11,760  
          TOTAL FOOD & STAPLES RETAILING                 11,760  
                               
          TOTAL PURCHASED OPTION                 11,760  
          (Cost $54,320)                    
                               
PRINCIPAL       ISSUER                    
                               
SHORT-TERM INVESTMENTS - 3.8%                    
TREASURY DEBT - 0.2%                    
$ 7,200,000       United States Treasury Bill     0.033 %   12/18/14     7,198,682  
          TOTAL TREASURY DEBT                 7,198,682  
                               
SHARES       COMPANY                    
INVESTMENTS IN REGISTERED INVESTMENT COMPANIES - 3.6%        
  185,035,645   a,c   TIAA-CREF Short Term Lending Portfolio of the State Street
Navigator Securities Lending Trust
    185,035,645  
          TOTAL INVESTMENTS IN REGISTERED INVESTMENT COMPANIES     185,035,645  
                               
          TOTAL SHORT-TERM INVESTMENTS                 192,234,327  
          (Cost $192,234,742)                    
                               
          TOTAL INVESTMENTS - 103.2%                 5,286,419,880  
          (Cost $4,415,519,684)                    
          OTHER ASSETS & LIABILITIES, NET - (3.2)%                 (162,172,348 )
          NET ASSETS - 100.0%               $ 5,124,247,532  

 

           
    Abbreviation(s):
        ADR    American Depositary Receipt
         
    *   Non-income producing.
    a   Affiliated holding.
    b   In bankruptcy.
    c   Investments made with cash collateral received from securities on loan.
    e   All or a portion of these securities are out on loan. The aggregate value of securities on loan is $180,027,953.
    m   Indicates a security that has been deemed illiquid.
    p   All or a portion of these securities have been segregated by the custodian to cover margin requirements on open written options contracts.
35

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

TIAA-CREF FUNDS
MID-CAP GROWTH FUND
SCHEDULE OF INVESTMENTS (unaudited)
July 31, 2014

 

SHARES     COMPANY  VALUE 
             
COMMON STOCKS - 99.7%     
             
AUTOMOBILES & COMPONENTS - 1.3%     
 152,824     Delphi Automotive plc  $10,208,643 
 56,620  *,e  Tesla Motors, Inc   12,643,246 
       TOTAL AUTOMOBILES & COMPONENTS   22,851,889 
             
BANKS - 1.4%     
 1,153,147     Investors Bancorp, Inc   11,935,071 
 107,623  *  Signature Bank   12,310,995 
       TOTAL BANKS   24,246,066 
             
CAPITAL GOODS - 12.1%     
 372,794     Ametek, Inc   18,151,340 
 229,076     Chicago Bridge & Iron Co NV   13,588,788 
 127,508     Crane Co   8,748,324 
 445,716     Fortune Brands Home & Security, Inc   16,843,608 
 363,863  *  Hexcel Corp   13,553,897 
 146,418     Ingersoll-Rand plc   8,607,914 
 643,609     Masco Corp   13,387,067 
 141,762  *  Middleby Corp   10,328,779 
 96,732     Parker Hannifin Corp   11,119,344 
 197,577  *,e  Proto Labs, Inc   16,003,737 
 168,434     Rockwell Automation, Inc   18,807,340 
 118,440     Roper Industries, Inc   17,063,651 
 438,100  *  Spirit Aerosystems Holdings, Inc (Class A)   14,268,917 
 182,460     Timken Co   8,082,978 
 117,162     TransDigm Group, Inc   19,673,843 
       TOTAL CAPITAL GOODS   208,229,527 
             
COMMERCIAL & PROFESSIONAL SERVICES - 0.6%    
 84,816  *  Stericycle, Inc   9,978,602 
       TOTAL COMMERCIAL & PROFESSIONAL SERVICES   9,978,602 
             
CONSUMER DURABLES & APPAREL - 7.4%    
 177,644     Carter’s, Inc   13,600,425 
 679,308     DR Horton, Inc   14,061,676 
 118,500  *,e  Garmin Ltd   6,522,240 
 354,548     Hasbro, Inc   17,713,218 
 173,400  *  Kate Spade & Co   6,559,722 
 259,757  *  Michael Kors Holdings Ltd   21,165,000 
 127,473     Phillips-Van Heusen Corp   14,044,975 
 102,232     Polaris Industries, Inc   15,083,309 
 308,736     VF Corp   18,916,255 
       TOTAL CONSUMER DURABLES & APPAREL   127,666,820 
36

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
CONSUMER SERVICES - 2.4%     
 23,461  *  Chipotle Mexican Grill, Inc (Class A)  $15,777,523 
 272,945  *  Chuy’s Holdings, Inc   7,819,874 
 465,535  *  Del Frisco’s Restaurant Group, Inc   9,925,206 
 100,000     Sotheby’s (Class A)   3,965,000 
 127,500  *,e  Zoe’s Kitchen, Inc   3,698,775 
       TOTAL CONSUMER SERVICES   41,186,378 
             
DIVERSIFIED FINANCIALS - 8.8%     
 90,898  *  Affiliated Managers Group, Inc   18,111,426 
 346,958     CBOE Holdings, Inc   16,817,054 
 64,236     IntercontinentalExchange Group, Inc   12,347,444 
 505,391  e  iShares Russell Midcap Growth Index Fund   43,782,022 
 247,806     Lazard Ltd (Class A)   12,960,254 
 291,375     McGraw-Hill Financial, Inc   23,374,103 
 281,407     Moody’s Corp   24,482,409 
       TOTAL DIVERSIFIED FINANCIALS   151,874,712 
             
ENERGY - 6.6%       
 190,054  *  Cheniere Energy, Inc   13,448,221 
 164,027  *  Concho Resources, Inc   23,095,001 
 231,368     EQT Corp   21,706,946 
 430,304     Noble Energy, Inc   28,610,913 
 683,669  *  Southwestern Energy Co   27,743,288 
       TOTAL ENERGY   114,604,369 
             
FOOD & STAPLES RETAILING - 1.0%     
 343,811     Kroger Co   16,839,863 
       TOTAL FOOD & STAPLES RETAILING   16,839,863 
             
FOOD, BEVERAGE & TOBACCO - 5.1%     
 271,056  *  Constellation Brands, Inc (Class A)   22,568,123 
 193,109  *  Hain Celestial Group, Inc   16,510,819 
 103,057     Keurig Green Mountain, Inc   12,292,639 
 249,104     Lorillard, Inc   15,065,810 
 227,357     Mead Johnson Nutrition Co   20,789,524 
       TOTAL FOOD, BEVERAGE & TOBACCO   87,226,915 
             
HEALTH CARE EQUIPMENT & SERVICES - 3.7%     
 343,676  *  Acadia Healthcare Co, Inc   16,379,598 
 195,923  e  Air Methods Corp   9,845,131 
 188,597  *  Envision Healthcare Holdings, Inc   6,742,343 
 358,483  *  Insulet Corp   12,668,789 
 282,912  *  Pediatrix Medical Group, Inc   16,742,732 
 173,609  *  Trupanion, Inc   1,736,090 
       TOTAL HEALTH CARE EQUIPMENT & SERVICES   64,114,683 
             
HOUSEHOLD & PERSONAL PRODUCTS - 1.0%     
 264,726     Church & Dwight Co, Inc   16,990,115 
       TOTAL HOUSEHOLD & PERSONAL PRODUCTS   16,990,115 
37

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
MATERIALS - 3.3%     
 60,812     Aptargroup, Inc  $3,715,613 
 654,619  *  Berry Plastics Group, Inc   15,900,695 
 140,000     Eastman Chemical Co   11,029,200 
 120,300     Methanex Corp (New)   7,827,921 
 151,160     Westlake Chemical Corp   13,209,873 
 64,023  *  WR Grace & Co   5,826,093 
       TOTAL MATERIALS   57,509,395 
             
MEDIA - 1.1%     
 222,653  *  AMC Networks, Inc   13,330,235 
 375,040  *  Eros International plc   5,501,837 
       TOTAL MEDIA   18,832,072 
             
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.9%     
 271,705     Agilent Technologies, Inc   15,239,934 
 390,974  *  Alkermes plc   16,718,048 
 146,591  *  Endo International plc   9,833,324 
 68,395  *  Illumina, Inc   10,937,044 
 423,951  *  Mylan Laboratories, Inc   20,930,461 
 354,474  *  NPS Pharmaceuticals, Inc   9,904,004 
 162,266  *  Salix Pharmaceuticals Ltd   21,404,508 
 165,934  *  Vertex Pharmaceuticals, Inc   14,753,192 
       TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   119,720,515 
             
RETAILING - 9.6%     
 105,012     Advance Auto Parts, Inc   12,718,003 
 46,616  *  AutoZone, Inc   24,101,871 
 209,214     Expedia, Inc   16,615,776 
 1,296,777  *,e  Groupon, Inc   8,390,147 
 291,188  *  HomeAway, Inc   10,110,048 
 367,956     Macy’s, Inc   21,264,177 
 32,261  *  NetFlix, Inc   13,637,370 
 173,115  *  O’Reilly Automotive, Inc   25,967,250 
 291,632     Tractor Supply Co   18,130,761 
 167,336  *  Ulta Salon Cosmetics & Fragrance, Inc   15,450,133 
       TOTAL RETAILING   166,385,536 
             
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 4.1%     
 275,302     Altera Corp   9,007,881 
 250,445  p  Avago Technologies Ltd   17,375,874 
 238,081  *  Cavium Networks, Inc   11,106,479 
 319,592     ChipMOS TECHNOLOGIES Bermuda Ltd   7,516,804 
 330,301  e  Microchip Technology, Inc   14,870,151 
 49,800  *  Micron Technology, Inc   1,521,390 
 137,248  *  NXP Semiconductors NV   8,557,413 
       TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   69,955,992 
             
SOFTWARE & SERVICES - 13.0%     
 215,000  *  Akamai Technologies, Inc   12,689,300 
 75,059  *  Alliance Data Systems Corp   19,687,225 
38

TIAA-CREF FUNDS - Mid-Cap Growth Fund

 

SHARES     COMPANY  VALUE 
             
 240,858  *  Autodesk, Inc  $12,849,774 
 204,707  *  Commvault Systems, Inc   9,830,030 
 304,694  *  DealerTrack Holdings, Inc   11,447,354 
 145,202  *  FleetCor Technologies, Inc   19,281,374 
 586,979  *  Fortinet, Inc   14,410,335 
 373,981  *  Guidewire Software, Inc   15,146,230 
 198,249     Intuit, Inc   16,250,470 
 465,000  *  Pandora Media, Inc   11,680,800 
 640,589  *  QLIK Technologies, Inc   16,949,985 
 242,553  *  Red Hat, Inc   14,097,180 
 77,037  *  ServiceNow, Inc   4,529,776 
 101,559  *  Splunk, Inc   4,775,304 
 73,417  *  Tableau Software, Inc   4,772,105 
 552,924  *  Vantiv, Inc   18,124,849 
 102,498  *  Workday, Inc   8,593,432 
 126,798  *,p  Yelp, Inc   8,515,754 
       TOTAL SOFTWARE & SERVICES   223,631,277 
             
TECHNOLOGY HARDWARE & EQUIPMENT - 4.8%     
 449,907  *,e  Ciena Corp   8,786,683 
 127,943  *  Electronics for Imaging, Inc   5,638,448 
 186,823  *  F5 Networks, Inc   21,034,402 
 467,160  *,e  Finisar Corp   9,217,067 
 125,000     SanDisk Corp   11,463,750 
 162,689  *,e  Stratasys Ltd   16,356,752 
 110,300     Western Digital Corp   11,011,249 
       TOTAL TECHNOLOGY HARDWARE & EQUIPMENT   83,508,351 
             
TELECOMMUNICATION SERVICES - 2.4%     
 305,218  *  Level 3 Communications, Inc   13,423,488 
 258,078  *  SBA Communications Corp (Class A)   27,596,280 
       TOTAL TELECOMMUNICATION SERVICES   41,019,768 
             
TRANSPORTATION - 3.1%     
 394,272     Alaska Air Group, Inc   17,336,140 
 215,000     CH Robinson Worldwide, Inc   14,503,900 
 490,000  *  Hertz Global Holdings, Inc   13,827,800 
 100,000     Ryder System, Inc   8,613,000 
       TOTAL TRANSPORTATION   54,280,840 
             
       TOTAL COMMON STOCKS   1,720,653,685 
       (Cost $1,509,130,805)     
               
            &n