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
+14.48%
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
+$6.04B
Cap. Flow
+$3.08B
Cap. Flow %
9.88%
Top 10 Hldgs %
31.73%
Holding
1,045
New
38
Increased
790
Reduced
187
Closed
30

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$122M
2
AMZN icon
Amazon
AMZN
+$114M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$112M
4
NVDA icon
NVIDIA
NVDA
+$99.1M
5
MSFT icon
Microsoft
MSFT
+$96.4M

Top Sells

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$26.9M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$17.9M
3
CAT icon
Caterpillar
CAT
+$9.7M
4
EMR icon
Emerson Electric
EMR
+$9.08M
5
AMAT icon
Applied Materials
AMAT
+$8.34M

Sector Composition

Rank Sector Weight
1 Technology 32.67%
2 Financials 13.63%
3 Consumer Discretionary 10.63%
4 Communication Services 9.62%
5 Healthcare 9.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DHI icon
326
D.R. Horton
DHI
$41.9B
$16.5M 0.05%
128,163
-1,711
-1% -$211K
NNN icon
327
NNN REIT
NNN
$8.86B
$16.3M 0.05%
378,377
+190,676
+102% +$7.92M
PFG icon
328
Principal Financial Group
PFG
$24.6B
$16.3M 0.05%
204,613
+61,873
+43% +$4.75M
IVV icon
329
iShares Core S&P 500 ETF
IVV
$910B
$16.2M 0.05%
26,162
-31,186
-54% -$17.9M
EQT icon
330
EQT Corp
EQT
$33.8B
$16.2M 0.05%
278,490
+8,800
+3% +$475K
FNF icon
331
Fidelity National Financial
FNF
$13.1B
$16.2M 0.05%
288,969
+162,574
+129% +$9.51M
VMC icon
332
Vulcan Materials
VMC
$36.1B
$16.1M 0.05%
61,751
+1,195
+2% +$307K
RJF icon
333
Raymond James Financial
RJF
$34.8B
$16M 0.05%
104,452
+5,014
+5% +$718K
CF icon
334
CF Industries
CF
$17.6B
$15.9M 0.05%
173,372
+60,197
+53% +$5.13M
DXCM icon
335
DexCom
DXCM
$34.5B
$15.9M 0.05%
182,646
+4,084
+2% +$320K
GRMN
336
Garmin
GRMN
$60.4B
$15.9M 0.05%
76,133
+5,268
+7% +$1.05M
PB icon
337
Prosperity Bancshares
PB
$8.97B
$15.8M 0.05%
225,209
+119,989
+114% +$8.26M
GGG icon
338
Graco
GGG
$13.4B
$15.7M 0.05%
182,933
+106,396
+139% +$8.82M
A icon
339
Agilent Technologies
A
$42.1B
$15.7M 0.05%
133,109
+1,683
+1% +$187K
CSGP icon
340
CoStar Group
CSGP
$13.3B
$15.7M 0.05%
195,062
+5,034
+3% +$392K
IR icon
341
Ingersoll Rand
IR
$32.7B
$15.7M 0.05%
188,528
+3,833
+2% +$302K
WEC icon
342
WEC Energy
WEC
$36B
$15.5M 0.05%
149,196
+4,452
+3% +$474K
UTHR icon
343
United Therapeutics
UTHR
$21.5B
$15.5M 0.05%
54,090
+22,388
+71% +$6.69M
SCI icon
344
Service Corp International
SCI
$11.3B
$15.5M 0.05%
190,518
+82,074
+76% +$6.41M
CRUS icon
345
Cirrus Logic
CRUS
$6.11B
$15.4M 0.05%
147,760
+86,618
+142% +$8.49M
DKS icon
346
Dick's Sporting Goods
DKS
$18.1B
$15.4M 0.05%
77,842
+35,610
+84% +$6.6M
MLM icon
347
Martin Marietta Materials
MLM
$32.9B
$15.4M 0.05%
28,009
-48
-0.2% -$25.4K
CFG icon
348
Citizens Financial Group
CFG
$31.2B
$15.4M 0.05%
343,177
+142,143
+71% +$5.59M
TEAM icon
349
Atlassian
TEAM
$42.2B
$15.4M 0.05%
75,605
+1,653
+2% +$344K
ARES icon
350
Ares Management
ARES
$33.7B
$15.2M 0.05%
87,893
+3,218
+4% +$509K
12 13
14
15 16

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 Q2 2025 Portfolio in Review

As of Q2 2025, Treasurer of the State of North Carolina held 1,045 positions worth $31.2B, up 24% from $25.1B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Treasurer of the State of North Carolina deployed $3.08B of net new capital in Q2 2025, opening 38 new positions and adding to 790 existing holdings. Its largest new stake was Flutter Entertainment: 81,840 shares worth $23.4M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $17.9M trimmed.

  • Treasurer of the State of North Carolina's largest Q2 2025 buy was Flutter Entertainment: 81,840 shares worth $23.4M.
  • Treasurer of the State of North Carolina added most to Apple in Q2 2025, an estimated $122M increase.
  • Treasurer of the State of North Carolina's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $17.9M.
  • Treasurer of the State of North Carolina fully exited Discover Financial Services in Q2 2025, selling an estimated $26.9M.
  • Treasurer of the State of North Carolina's ten largest holdings make up 32% of its $31.2B portfolio in Q2 2025.
  • Treasurer of the State of North Carolina opened 38 new positions and closed 30 in Q2 2025.
  • Treasurer of the State of North Carolina's portfolio value rose 24% quarter-over-quarter to $31.2B.

Based on Treasurer of the State of North Carolina's 13F filing for Q2 2025, filed 14 Aug 2025.