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
+3.93%
1 Year Est. Return
+28.93%
3 Year Est. Return
+100.69%
5 Year Est. Return
+135.6%
10 Year Est. Return
–
AUM
$31.2B
AUM Growth
-$1.27B
Cap. Flow
-$1.92B
Cap. Flow %
-6.15%
Top 10 Hldgs %
34.36%
Holding
1,016
New
6
Increased
92
Reduced
912
Closed
6

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$33.2M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$33.2M
3
DUK icon
Duke Energy
DUK
+$29.4M
4
L icon
Loews
L
+$18M
5
PTC icon
PTC
PTC
+$17.5M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$140M
2
NVDA icon
NVIDIA
NVDA
+$125M
3
MSFT icon
Microsoft
MSFT
+$98.5M
4
AMZN icon
Amazon
AMZN
+$70.4M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$67.9M

Sector Composition

Rank Sector Weight
1 Technology 33.48%
2 Financials 13.06%
3 Consumer Discretionary 10.4%
4 Communication Services 10.34%
5 Healthcare 9.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKR icon
276
Baker Hughes
BKR
$63B
$18.9M 0.06%
415,535
-30,366
-7% -$1.44M
WPC icon
277
W.P. Carey
WPC
$16.3B
$18.6M 0.06%
288,953
-7,000
-2% -$466K
GWW icon
278
W.W. Grainger
GWW
$62.2B
$18.5M 0.06%
18,314
-1,596
-8% -$1.55M
EXC icon
279
Exelon
EXC
$47B
$18.5M 0.06%
423,527
-30,945
-7% -$1.41M
ROK icon
280
Rockwell Automation
ROK
$49.5B
$18.4M 0.06%
47,409
-3,470
-7% -$1.3M
NDAQ icon
281
Nasdaq
NDAQ
$54.6B
$18.4M 0.06%
189,723
+4,304
+2% +$387K
MET icon
282
MetLife
MET
$61.9B
$18.4M 0.06%
233,148
-19,808
-8% -$1.57M
AKAM icon
283
Akamai
AKAM
$18B
$18.3M 0.06%
210,094
-19,183
-8% -$1.58M
AOS icon
284
A.O. Smith
AOS
$8.49B
$17.9M 0.06%
267,716
-26,785
-9% -$1.81M
DDOG icon
285
Datadog
DDOG
$90.6B
$17.8M 0.06%
130,794
-7,905
-6% -$1.25M
AXON
286
Axon Enterprise
AXON
$50B
$17.8M 0.06%
31,254
-2,290
-7% -$1.42M
YUM icon
287
Yum! Brands
YUM
$41.2B
$17.7M 0.06%
116,795
-8,531
-7% -$1.26M
MPWR icon
288
Monolithic Power Systems
MPWR
$67B
$17.6M 0.06%
19,396
-1,411
-7% -$1.36M
MSCI icon
289
MSCI
MSCI
$41.8B
$17.5M 0.06%
30,510
-3,299
-10% -$1.85M
CARR icon
290
Carrier Global
CARR
$52.2B
$17.4M 0.06%
328,969
-27,732
-8% -$1.54M
LNG icon
291
Cheniere Energy
LNG
$55B
$17.4M 0.06%
89,278
-9,894
-10% -$2.08M
PSA icon
292
Public Storage
PSA
$61.4B
$17.2M 0.06%
66,178
-4,833
-7% -$1.35M
DGX icon
293
Quest Diagnostics
DGX
$26.1B
$17.1M 0.05%
98,800
-15,176
-13% -$2.76M
FITB
294
Fifth Third Bancorp
FITB
$52.5B
$17.1M 0.05%
364,748
-708,007
-66% -$31.2M
PHM icon
295
Pultegroup
PHM
$24.9B
$17M 0.05%
145,036
-43,407
-23% -$5.32M
FSLR icon
296
First Solar
FSLR
$24B
$16.9M 0.05%
64,639
+18,997
+42% +$4.79M
PEG icon
297
Public Service Enterprise Group
PEG
$37.8B
$16.8M 0.05%
209,235
-15,286
-7% -$1.25M
FICO icon
298
Fair Isaac
FICO
$24B
$16.6M 0.05%
9,819
-720
-7% -$1.24M
PRU icon
299
Prudential Financial
PRU
$43B
$16.6M 0.05%
146,738
-12,712
-8% -$1.36M
EBAY icon
300
eBay
EBAY
$46.5B
$16.5M 0.05%
189,279
-17,809
-9% -$1.54M
10 11
12
13 14

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 Q4 2025 Portfolio in Review

As of Q4 2025, Treasurer of the State of North Carolina held 1,016 positions worth $31.2B, down 3.9% from $32.5B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Treasurer of the State of North Carolina withdrew a net $1.92B in Q4 2025, closing 6 positions and reducing 912 holdings. Its most notable exit was Kellanova, an estimated $10.2M position sold in full.

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

Against the trend, Treasurer of the State of North Carolina opened a new position in Qnity Electronics Inc worth $7.16M.

  • Treasurer of the State of North Carolina's largest Q4 2025 buy was Qnity Electronics Inc: 87,692 shares worth $7.16M.
  • Treasurer of the State of North Carolina added most to Bank of America in Q4 2025, an estimated $33.2M increase.
  • Treasurer of the State of North Carolina's biggest Q4 2025 reduction was Apple, cutting an estimated $140M.
  • Treasurer of the State of North Carolina fully exited Kellanova in Q4 2025, selling an estimated $10.2M.
  • Treasurer of the State of North Carolina's ten largest holdings make up 34% of its $31.2B portfolio in Q4 2025.
  • Treasurer of the State of North Carolina opened 6 new positions and closed 6 in Q4 2025.
  • Treasurer of the State of North Carolina's portfolio value fell 3.9% quarter-over-quarter to $31.2B.

Based on Treasurer of the State of North Carolina's 13F filing for Q4 2025, filed 13 Feb 2026.