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
PKG icon
501
Packaging Corp of America
PKG
$22.9B
$7.63M 0.02%
36,999
-2,704
-7% -$550K
BURL icon
502
Burlington
BURL
$22.4B
$7.61M 0.02%
26,329
-1,928
-7% -$523K
WWD icon
503
Woodward
WWD
$21.2B
$7.59M 0.02%
25,093
-1,563
-6% -$430K
SGI
504
Somnigroup International
SGI
$14B
$7.56M 0.02%
84,708
-6,187
-7% -$540K
CDW icon
505
CDW
CDW
$17.8B
$7.51M 0.02%
55,126
-4,027
-7% -$594K
FTI icon
506
TechnipFMC
FTI
$30.1B
$7.48M 0.02%
167,924
-15,168
-8% -$641K
XP icon
507
XP
XP
$8.18B
$7.48M 0.02%
457,144
-17,045
-4% -$300K
ZBH icon
508
Zimmer Biomet
ZBH
$19B
$7.46M 0.02%
82,977
-6,063
-7% -$575K
FTV icon
509
Fortive
FTV
$18.7B
$7.34M 0.02%
132,927
-19,711
-13% -$1.02M
IFF icon
510
International Flavors & Fragrances
IFF
$21.4B
$7.23M 0.02%
107,340
-7,839
-7% -$508K
MKC icon
511
McCormick & Company Non-Voting
MKC
$14.6B
$7.23M 0.02%
106,089
-7,752
-7% -$515K
WY icon
512
Weyerhaeuser
WY
$17.9B
$7.19M 0.02%
303,669
-22,186
-7% -$513K
Q
513
Qnity Electronics Inc
Q
$29.8B
$7.16M 0.02%
+87,692
New +$7.45M
GWRE icon
514
Guidewire Software
GWRE
$15.2B
$7.15M 0.02%
35,560
-2,086
-6% -$461K
GPC icon
515
Genuine Parts
GPC
$18.7B
$7.14M 0.02%
58,111
-4,248
-7% -$550K
TLN
516
Talen Energy Corp
TLN
$17.2B
$7.13M 0.02%
19,009
-1,381
-7% -$537K
INVH icon
517
Invitation Homes
INVH
$18B
$7.12M 0.02%
256,360
-18,735
-7% -$523K
TTD icon
518
Trade Desk
TTD
$6.84B
$7.1M 0.02%
186,975
-13,664
-7% -$606K
USFD icon
519
US Foods
USFD
$23.8B
$7.08M 0.02%
93,979
-9,257
-9% -$695K
DD icon
520
DuPont de Nemours
DD
$19.5B
$7.05M 0.02%
58,461
-91,472
-61% -$10.3M
TRU icon
521
TransUnion
TRU
$15.5B
$7M 0.02%
81,670
-5,972
-7% -$491K
LNT icon
522
Alliant Energy
LNT
$18.2B
$7M 0.02%
107,621
-7,861
-7% -$527K
GDDY icon
523
GoDaddy
GDDY
$12.7B
$6.99M 0.02%
56,346
-96,766
-63% -$12.5M
ESS icon
524
Essex Property Trust
ESS
$18.5B
$6.99M 0.02%
26,705
-1,947
-7% -$504K
ALB icon
525
Albemarle
ALB
$15.4B
$6.96M 0.02%
49,234
-3,601
-7% -$409K
19 20
21
22 23

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.