We are live on ! Find out more
Treasurer of the State of North Carolina

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
+9.92%
1 Year Est. Return
+28.93%
3 Year Est. Return
+100.69%
5 Year Est. Return
+135.6%
10 Year Est. Return
–
AUM
$32.5B
AUM Growth
+$1.29B
Cap. Flow
-$1.07B
Cap. Flow %
-3.3%
Top 10 Hldgs %
33.94%
Holding
1,020
New
5
Increased
84
Reduced
921
Closed
10

Top Buys

Rank Stock Value
1
JNJ icon
Johnson & Johnson
JNJ
+$37.7M
2
MCD icon
McDonald's
MCD
+$37.6M
3
GD icon
General Dynamics
GD
+$35.3M
4
ETR icon
Entergy
ETR
+$30.4M
5
SCHW
Charles Schwab
SCHW
+$26.6M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$88.4M
2
AAPL icon
Apple
AAPL
+$84.6M
3
MSFT icon
Microsoft
MSFT
+$58.6M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$33.3M
5
AVGO icon
Broadcom
AVGO
+$32.9M

Sector Composition

Rank Sector Weight
1 Technology 33.73%
2 Financials 13.14%
3 Consumer Discretionary 10.75%
4 Communication Services 10.06%
5 Healthcare 8.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PHM icon
226
Pultegroup
PHM
$24.9B
$24.9M 0.08%
188,443
-4,989
-3% -$620K
VRSN icon
227
VeriSign
VRSN
$25.9B
$24.8M 0.08%
88,697
+7,405
+9% +$2.07M
KMI icon
228
Kinder Morgan
KMI
$71.5B
$24.8M 0.08%
874,344
-34,061
-4% -$932K
O icon
229
Realty Income
O
$59.7B
$24.7M 0.08%
406,648
-10,554
-3% -$615K
APO icon
230
Apollo Global Management
APO
$84.8B
$24.7M 0.08%
185,364
-7,225
-4% -$1.02M
AFL icon
231
Aflac
AFL
$60.7B
$24.5M 0.08%
219,021
-8,529
-4% -$896K
KEYS icon
232
Keysight
KEYS
$60.2B
$24.5M 0.08%
139,814
+59,443
+74% +$9.91M
GLPI icon
233
Gaming and Leisure Properties
GLPI
$12.7B
$24.3M 0.07%
522,090
-15,569
-3% -$734K
ULTA icon
234
Ulta Beauty
ULTA
$22.3B
$24.3M 0.07%
44,395
-822
-2% -$421K
NU icon
235
Nu Holdings
NU
$67.5B
$24.1M 0.07%
1,503,966
+12,497
+0.8% +$174K
AXON
236
Axon Enterprise
AXON
$49.9B
$24.1M 0.07%
33,544
-1,299
-4% -$986K
BDX icon
237
Becton Dickinson
BDX
$49.6B
$24.1M 0.07%
128,609
-5,016
-4% -$932K
VLO icon
238
Valero Energy
VLO
$98.4B
$23.9M 0.07%
140,344
-5,466
-4% -$815K
TGT icon
239
Target
TGT
$70.7B
$23.8M 0.07%
264,768
-8,019
-3% -$790K
CMG icon
240
Chipotle Mexican Grill
CMG
$41.4B
$23.6M 0.07%
603,112
-23,494
-4% -$1.06M
D icon
241
Dominion Energy
D
$60.4B
$23.5M 0.07%
383,726
-14,951
-4% -$889K
LNG icon
242
Cheniere Energy
LNG
$55.2B
$23.3M 0.07%
99,172
-3,868
-4% -$909K
WDAY icon
243
Workday
WDAY
$50.5B
$23.3M 0.07%
96,746
-3,767
-4% -$871K
ABNB icon
244
Airbnb
ABNB
$111B
$23.2M 0.07%
191,211
-7,448
-4% -$964K
IDXX icon
245
Idexx Laboratories
IDXX
$44.4B
$23.2M 0.07%
36,280
-1,414
-4% -$858K
SLB icon
246
SLB Ltd
SLB
$77.5B
$23.2M 0.07%
674,354
+38,913
+6% +$1.35M
EA
247
DELISTED
Electronic Arts
EA
$22.8M 0.07%
113,064
-8,776
-7% -$1.45M
AU icon
248
AngloGold Ashanti
AU
$48B
$22.8M 0.07%
324,081
+88,791
+38% +$4.97M
PCAR icon
249
PACCAR
PCAR
$68.7B
$22.8M 0.07%
231,720
-9,029
-4% -$891K
FERG icon
250
Ferguson
FERG
$47.9B
$22.8M 0.07%
101,353
-3,375
-3% -$764K
8 9
10
11 12

Similar funds

Gates Foundation Trust
Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return
GAM
Gotham Asset Management New York $32.7B AUM 27.65% 1-Year Est. Return
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS) Columbus, Ohio $30.9B AUM 29.72% 1-Year Est. Return
Lord, Abbett & Co
Lord, Abbett & Co Jersey City, New Jersey $30.6B AUM 57.44% 1-Year Est. Return
BAMCO Inc
BAMCO Inc New York $33.1B AUM 11.16% 1-Year Est. Return
Eagle Capital Management (New York)
Eagle Capital Management (New York) New York $29.8B AUM 12.13% 1-Year Est. Return
State of Tennessee, Department of Treasury
State of Tennessee, Department of Treasury Nashville, Tennessee $29.8B AUM 29.48% 1-Year Est. Return

Treasurer of the State of North Carolina's Q3 2025 Portfolio in Review

As of Q3 2025, Treasurer of the State of North Carolina held 1,020 positions worth $32.5B, up 4.2% from $31.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Treasurer of the State of North Carolina withdrew a net $1.07B in Q3 2025, closing 10 positions and reducing 921 holdings. Its most notable exit was Hess, an estimated $18.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 33% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Treasurer of the State of North Carolina opened a new position in Circle Internet Group worth $2.81M.

  • Treasurer of the State of North Carolina's largest Q3 2025 buy was Circle Internet Group: 21,218 shares worth $2.81M.
  • Treasurer of the State of North Carolina added most to Johnson & Johnson in Q3 2025, an estimated $37.7M increase.
  • Treasurer of the State of North Carolina's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $88.4M.
  • Treasurer of the State of North Carolina fully exited Hess in Q3 2025, selling an estimated $18.3M.
  • Treasurer of the State of North Carolina's ten largest holdings make up 34% of its $32.5B portfolio in Q3 2025.
  • Treasurer of the State of North Carolina opened 5 new positions and closed 10 in Q3 2025.
  • Treasurer of the State of North Carolina's portfolio value rose 4.2% quarter-over-quarter to $32.5B.

Based on Treasurer of the State of North Carolina's 13F filing for Q3 2025, filed 13 Nov 2025.