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
FAF icon
801
First American
FAF
$7.5B
$2.5M 0.01%
40,755
-2,985
-7% -$187K
AM icon
802
Antero Midstream
AM
$10.5B
$2.49M 0.01%
140,125
-10,237
-7% -$184K
CHE icon
803
Chemed
CHE
$7.1B
$2.49M 0.01%
5,820
-636
-10% -$277K
LEA icon
804
Lear
LEA
$8.11B
$2.48M 0.01%
21,657
-2,330
-10% -$249K
MSA icon
805
Mine Safety
MSA
$7.33B
$2.48M 0.01%
15,496
-1,129
-7% -$184K
DOCS icon
806
Doximity
DOCS
$4.53B
$2.48M 0.01%
55,935
-4,090
-7% -$230K
JHG
807
DELISTED
Janus Henderson
JHG
$2.48M 0.01%
52,055
-3,810
-7% -$169K
GXO icon
808
GXO Logistics
GXO
$5.54B
$2.48M 0.01%
47,023
-3,429
-7% -$180K
M icon
809
Macy's
M
$6.25B
$2.47M 0.01%
111,894
-9,540
-8% -$195K
MASI
810
DELISTED
Masimo
MASI
$2.46M 0.01%
18,886
-1,382
-7% -$198K
CAVA icon
811
CAVA Group
CAVA
$8.34B
$2.45M 0.01%
41,807
-3,056
-7% -$170K
HXL icon
812
Hexcel
HXL
$7.71B
$2.45M 0.01%
33,151
-2,426
-7% -$172K
GAP
813
The Gap Inc
GAP
$7.3B
$2.43M 0.01%
94,962
-8,461
-8% -$205K
ALK icon
814
Alaska Air
ALK
$5.36B
$2.42M 0.01%
48,130
-3,516
-7% -$163K
BFAM icon
815
Bright Horizons
BFAM
$3.82B
$2.42M 0.01%
23,812
-1,743
-7% -$176K
RAL
816
Ralliant Corp
RAL
$7.97B
$2.41M 0.01%
47,407
-3,470
-7% -$163K
UHAL.B icon
817
U-Haul Holding Co Series N
UHAL.B
$12.7B
$2.4M 0.01%
51,273
+5,800
+13% +$282K
ARW icon
818
Arrow Electronics
ARW
$10.7B
$2.38M 0.01%
21,632
-1,574
-7% -$179K
TEM
819
Tempus AI
TEM
$9.77B
$2.38M 0.01%
40,246
+3,240
+9% +$253K
NOV icon
820
NOV
NOV
$7.38B
$2.38M 0.01%
151,961
-16,018
-10% -$238K
KMX icon
821
CarMax
KMX
$8.43B
$2.37M 0.01%
61,427
-5,940
-9% -$238K
LW icon
822
Lamb Weston
LW
$7.43B
$2.36M 0.01%
56,347
-4,122
-7% -$243K
DAR icon
823
Darling Ingredients
DAR
$10.2B
$2.36M 0.01%
65,528
-4,782
-7% -$162K
ESI icon
824
Element Solutions
ESI
$9.53B
$2.36M 0.01%
94,341
-6,893
-7% -$179K
BIO icon
825
Bio-Rad Laboratories Class A
BIO
$9.58B
$2.35M 0.01%
7,759
-657
-8% -$205K
31 32
33
34 35

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.