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
FANG icon
376
Diamondback Energy
FANG
$55.9B
$12.7M 0.04%
88,830
-247
-0.3% -$35.2K
LEN icon
377
Lennar Class A
LEN
$21.1B
$12.7M 0.04%
100,644
-6,033
-6% -$749K
AEE icon
378
Ameren
AEE
$30.2B
$12.7M 0.04%
121,331
-4,723
-4% -$471K
UHS icon
379
Universal Health Services
UHS
$10.1B
$12.6M 0.04%
61,469
-8,597
-12% -$1.55M
BR icon
380
Broadridge
BR
$19.6B
$12.5M 0.04%
52,393
-2,046
-4% -$510K
GIS icon
381
General Mills
GIS
$20.8B
$12.4M 0.04%
246,208
-9,592
-4% -$481K
PPL
382
PPL Corp
PPL
$26.8B
$12.4M 0.04%
332,762
-12,964
-4% -$466K
AVB icon
383
AvalonBay Communities
AVB
$26.3B
$12.4M 0.04%
63,940
-2,488
-4% -$484K
HSY icon
384
Hershey
HSY
$37.4B
$12.3M 0.04%
65,495
-2,552
-4% -$464K
TDY icon
385
Teledyne Technologies
TDY
$31.2B
$12.3M 0.04%
20,903
-812
-4% -$445K
AWK icon
386
American Water Works
AWK
$27.1B
$12.2M 0.04%
87,562
-3,414
-4% -$482K
ATO icon
387
Atmos Energy
ATO
$28.7B
$12.1M 0.04%
71,150
-2,769
-4% -$447K
INSM icon
388
Insmed
INSM
$27.6B
$12.1M 0.04%
83,752
+362
+0.4% +$44.3K
RDDT icon
389
Reddit
RDDT
$30.4B
$12.1M 0.04%
52,413
-2,047
-4% -$418K
LPLA icon
390
LPL Financial
LPLA
$29.5B
$11.9M 0.04%
35,827
-1,394
-4% -$505K
DXCM icon
391
DexCom
DXCM
$34.5B
$11.8M 0.04%
175,801
-6,845
-4% -$542K
SF
392
Stifel
SF
$12.9B
$11.8M 0.04%
156,320
+86,319
+123% +$6.46M
ODFL icon
393
Old Dominion Freight Line
ODFL
$44.7B
$11.8M 0.04%
83,785
-3,266
-4% -$500K
BRO icon
394
Brown & Brown
BRO
$24B
$11.8M 0.04%
125,436
-3,299
-3% -$322K
ES icon
395
Eversource Energy
ES
$27.2B
$11.8M 0.04%
165,187
-6,432
-4% -$422K
P
396
Everpure Inc
P
$39B
$11.7M 0.04%
139,633
-5,447
-4% -$362K
LYV icon
397
Live Nation Entertainment
LYV
$43.3B
$11.6M 0.04%
71,152
-2,779
-4% -$439K
TEAM icon
398
Atlassian
TEAM
$42.1B
$11.6M 0.04%
72,769
-2,836
-4% -$513K
AWI icon
399
Armstrong World Industries
AWI
$7.68B
$11.6M 0.04%
59,192
-792
-1% -$147K
CBOE icon
400
Cboe Global Markets
CBOE
$30.6B
$11.6M 0.04%
47,108
-30,005
-39% -$7.21M
14 15
16
17 18

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.