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
EFX icon
351
Equifax
EFX
$21.8B
$14.3M 0.04%
55,661
-2,173
-4% -$546K
VTR icon
352
Ventas
VTR
$46.3B
$14.3M 0.04%
203,682
-126
-0.1% -$8.47K
HUM icon
353
Humana
HUM
$46.2B
$14.1M 0.04%
54,273
-2,114
-4% -$556K
NUE icon
354
Nucor
NUE
$61.8B
$14M 0.04%
103,270
-4,019
-4% -$569K
MTB icon
355
M&T Bank
MTB
$36.6B
$13.9M 0.04%
70,385
-5,560
-7% -$1.09M
KVUE icon
356
Kenvue
KVUE
$36.9B
$13.9M 0.04%
854,383
-33,289
-4% -$680K
NRG icon
357
NRG Energy
NRG
$25.2B
$13.9M 0.04%
85,540
-7,037
-8% -$1.1M
DVN icon
358
Devon Energy
DVN
$48.8B
$13.7M 0.04%
389,613
-10,697
-3% -$364K
TSCO icon
359
Tractor Supply
TSCO
$18.8B
$13.6M 0.04%
239,015
-9,313
-4% -$549K
ARES icon
360
Ares Management
ARES
$33.7B
$13.5M 0.04%
84,603
-3,290
-4% -$593K
SOFI icon
361
SoFi Technologies
SOFI
$23.8B
$13.5M 0.04%
509,214
+12,528
+3% +$297K
G icon
362
Genpact
G
$5.78B
$13.4M 0.04%
321,064
-3,024
-0.9% -$133K
IRM icon
363
Iron Mountain
IRM
$37.7B
$13.4M 0.04%
131,904
-5,143
-4% -$495K
RNR icon
364
RenaissanceRe
RNR
$13.3B
$13.4M 0.04%
52,720
-1,568
-3% -$380K
DOCU
365
DocuSign
DOCU
$12.2B
$13.4M 0.04%
185,579
-3,599
-2% -$277K
EXR icon
366
Extra Space Storage
EXR
$31.6B
$13.3M 0.04%
94,715
-3,692
-4% -$530K
FOX icon
367
Fox Class B
FOX
$24.4B
$13.3M 0.04%
231,543
+5,128
+2% +$271K
MTG icon
368
MGIC Investment
MTG
$6.33B
$13.2M 0.04%
465,121
-264,736
-36% -$7.22M
DTE icon
369
DTE Energy
DTE
$29B
$13.2M 0.04%
93,161
-3,627
-4% -$497K
ZS icon
370
Zscaler
ZS
$30.4B
$13.2M 0.04%
43,902
-1,711
-4% -$488K
EXEL icon
371
Exelixis
EXEL
$12.5B
$13M 0.04%
313,591
+75,131
+32% +$3.02M
EME icon
372
Emcor
EME
$36.7B
$12.9M 0.04%
19,882
-779
-4% -$473K
FIX icon
373
Comfort Systems
FIX
$60.8B
$12.9M 0.04%
15,644
-12,402
-44% -$8.41M
ADM icon
374
Archer Daniels Midland
ADM
$38.6B
$12.8M 0.04%
214,903
-8,377
-4% -$490K
FIVE icon
375
Five Below
FIVE
$13.4B
$12.7M 0.04%
82,329
+22,731
+38% +$3.22M
13 14
15
16 17

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.