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Treasurer of the State of North Carolina Portfolio holdings
AUM
$31.8B
1-Year Est. Return
28.93%
This Fund
S&P 500
This Quarter
Est. Return
-1.43%
1 Year Est. Return
+28.93%
3 Year Est. Return
+100.69%
5 Year Est. Return
+135.6%
10 Year Est. Return
–
AUM
$31.8B
AUM Growth
+$579M
(+1.9%)
Cap. Flow
+$2.02B
Cap. Flow
% of AUM
6.35%
Top 10 Holdings %
Top 10 Hldgs %
33.95%
Holding
1,014
New
4
Increased
953
Reduced
48
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$1B |
| 2 |
NVIDIA
NVDA
|
+$56.6M |
| 3 |
Microsoft
MSFT
|
+$42.8M |
| 4 |
Amazon
AMZN
|
+$34.4M |
| 5 |
Apple
AAPL
|
+$30.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXAS
Exact Sciences
EXAS
|
+$7.93M |
| 2 |
CMA
Comerica
CMA
|
+$4.65M |
| 3 |
DAY
Dayforce
DAY
|
+$4.47M |
| 4 |
FYBR
Frontier Communications
FYBR
|
+$3.89M |
| 5 |
CFLT
Confluent
CFLT
|
+$3.66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.02% |
| 2 | Financials | 11.93% |
| 3 | Consumer Discretionary | 9.6% |
| 4 | Communication Services | 9.57% |
| 5 | Healthcare | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.42T
| $1.92B | 6.03% |
10,995,140
+308,380
| +3% | +$56.6M |
|
|
2
Apple
AAPL
$4.57T
| $1.72B | 5.41% |
6,781,124
+118,897
| +2% | +$30.9M |
|
|
3
iShares Russell 2000 ETF
IWM
$83B
| $1.47B | 4.61% |
5,913,256
+3,884,893
| +192% | +$1B |
|
|
4
Microsoft
MSFT
$3.71T
| $1.31B | 4.11% |
3,531,845
+102,358
| +3% | +$42.8M |
|
|
5
Amazon
AMZN
$2.96T
| $1B | 3.15% |
4,811,413
+156,064
| +3% | +$34.4M |
|
6
Alphabet (Google) Class A
GOOGL
$4.33T
| $807M | 2.54% |
2,805,763
+83,888
| +3% | +$26.4M |
|
7
Broadcom
AVGO
$2.04T
| $741M | 2.33% |
2,394,010
+82,685
| +4% | +$27.2M |
|
8
Meta Platforms (Facebook)
META
$1.51T
| $656M | 2.06% |
1,146,732
+40,545
| +4% | +$26M |
|
|
9
Alphabet (Google) Class C
GOOG
$4.32T
| $648M | 2.04% |
2,260,076
+65,922
| +3% | +$20.7M |
|
10
Tesla
TSLA
$1.3T
| $527M | 1.66% |
1,416,440
+46,028
| +3% | +$19M |
|
11
Berkshire Hathaway Class B
BRK.B
$1.13T
| $378M | 1.19% |
789,648
+16,827
| +2% | +$8.26M |
|
12
Eli Lilly
LLY
$1.06T
| $367M | 1.15% |
398,759
+12,733
| +3% | +$12.9M |
|
13
Johnson & Johnson
JNJ
$625B
| $353M | 1.11% |
1,442,664
+62,089
| +4% | +$14.5M |
|
14
JPMorgan Chase
JPM
$950B
| $342M | 1.08% |
1,163,056
+24,781
| +2% | +$7.52M |
|
15
ExxonMobil
XOM
$634B
| $307M | 0.97% |
1,808,762
+38,536
| +2% | +$5.62M |
|
16
Visa
V
$677B
| $296M | 0.93% |
979,147
+40,513
| +4% | +$13M |
|
17
Procter & Gamble
PG
$339B
| $238M | 0.75% |
1,648,446
+84,000
| +5% | +$12.7M |
|
18
Walmart Inc
WMT
$890B
| $231M | 0.73% |
1,862,671
+39,686
| +2% | +$4.87M |
|
19
Micron Technology
MU
$991B
| $225M | 0.71% |
665,929
+28,449
| +4% | +$11.1M |
|
20
Mastercard
MA
$493B
| $217M | 0.68% |
433,380
+15,993
| +4% | +$8.42M |
|
21
Cisco
CSCO
$479B
| $210M | 0.66% |
2,708,172
+134,052
| +5% | +$10.5M |
|
22
Netflix
NFLX
$309B
| $209M | 0.66% |
2,176,036
+73,856
| +4% | +$6.51M |
|
23
Lam Research
LRCX
$390B
| $198M | 0.62% |
928,251
+49,487
| +6% | +$11.1M |
|
24
Costco
COST
$420B
| $189M | 0.6% |
190,030
+4,047
| +2% | +$3.94M |
|
25
Bank of America
BAC
$442B
| $184M | 0.58% |
3,780,999
+119,901
| +3% | +$6.19M |
|
Similar funds
GAM
Treasurer of the State of North Carolina's Q1 2026 Portfolio in Review
As of Q1 2026, Treasurer of the State of North Carolina held 1,014 positions worth $31.8B, up 1.9% from $31.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Treasurer of the State of North Carolina deployed $2.02B of net new capital in Q1 2026, opening 4 new positions and adding to 953 existing holdings. Its largest new stake was Medline Inc: 138,750 shares worth $6.17M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 33% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Johnson Controls International, an estimated $1.88M trimmed.
- Treasurer of the State of North Carolina's largest Q1 2026 buy was Medline Inc: 138,750 shares worth $6.17M.
- Treasurer of the State of North Carolina added most to iShares Russell 2000 ETF in Q1 2026, an estimated $1B increase.
- Treasurer of the State of North Carolina's biggest Q1 2026 reduction was Johnson Controls International, cutting an estimated $1.88M.
- Treasurer of the State of North Carolina fully exited Exact Sciences in Q1 2026, selling an estimated $7.93M.
- Treasurer of the State of North Carolina's ten largest holdings make up 34% of its $31.8B portfolio in Q1 2026.
- Treasurer of the State of North Carolina opened 4 new positions and closed 8 in Q1 2026.
- Treasurer of the State of North Carolina's portfolio value rose 1.9% quarter-over-quarter to $31.8B.
Based on Treasurer of the State of North Carolina's 13F filing for Q1 2026, filed 14 May 2026.