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
WEX icon
851
WEX
WEX
$6.77B
$2.4M 0.01%
15,262
-596
-4% -$98.6K
RLI icon
852
RLI Corp
RLI
$5.87B
$2.4M 0.01%
36,786
-1,425
-4% -$96.4K
DLB icon
853
Dolby
DLB
$5.81B
$2.4M 0.01%
33,116
-65,978
-67% -$4.85M
THO icon
854
Thor Industries
THO
$4.1B
$2.37M 0.01%
22,892
-885
-4% -$89.1K
BIO icon
855
Bio-Rad Laboratories Class A
BIO
$9.64B
$2.36M 0.01%
8,416
-636
-7% -$173K
AS icon
856
Amer Sports
AS
$19.4B
$2.33M 0.01%
67,068
-2,619
-4% -$98.8K
SEE
857
DELISTED
Sealed Air
SEE
$2.32M 0.01%
65,565
-2,555
-4% -$81.5K
QS icon
858
QuantumScape Corp
QS
$3.8B
$2.31M 0.01%
187,915
-4,608
-2% -$45K
UHAL.B icon
859
U-Haul Holding Co Series N
UHAL.B
$12.6B
$2.31M 0.01%
45,473
-1,768
-4% -$94.2K
S icon
860
SentinelOne
S
$8.16B
$2.31M 0.01%
131,007
-5,106
-4% -$91.6K
FCN icon
861
FTI Consulting
FCN
$4.24B
$2.29M 0.01%
14,189
-1,426
-9% -$237K
VFC icon
862
VF Corp
VFC
$5.81B
$2.28M 0.01%
157,870
-6,147
-4% -$82.6K
FOUR icon
863
Shift4
FOUR
$3.81B
$2.27M 0.01%
29,354
-1,653
-5% -$154K
PEGA icon
864
Pegasystems
PEGA
$5.54B
$2.25M 0.01%
39,091
-1,521
-4% -$83.8K
CCC
865
CCC Intelligent Solutions
CCC
$4.19B
$2.24M 0.01%
246,294
+4,446
+2% +$43K
HXL icon
866
Hexcel
HXL
$7.71B
$2.23M 0.01%
35,577
-1,781
-5% -$109K
KRC icon
867
Kilroy Realty
KRC
$4.3B
$2.23M 0.01%
52,735
-2,050
-4% -$80.8K
NOV icon
868
NOV
NOV
$7.37B
$2.23M 0.01%
167,979
-6,539
-4% -$84.5K
RAL
869
Ralliant Corp
RAL
$7.9B
$2.23M 0.01%
50,877
-1,982
-4% -$88.1K
BILL icon
870
BILL Holdings
BILL
$5.16B
$2.22M 0.01%
41,874
-1,180
-3% -$54.8K
GAP
871
The Gap Inc
GAP
$7.34B
$2.21M 0.01%
103,423
-4,035
-4% -$87.2K
WFRD icon
872
Weatherford International
WFRD
$6.62B
$2.19M 0.01%
32,000
-1,245
-4% -$74K
RKT icon
873
Rocket Companies
RKT
$42.7B
$2.19M 0.01%
112,943
+4,964
+5% +$86.6K
LAZ icon
874
Lazard
LAZ
$4.43B
$2.18M 0.01%
41,360
-9,997
-19% -$539K
M icon
875
Macy's
M
$6.26B
$2.18M 0.01%
121,434
-7,998
-6% -$113K
33 34
35
36 37

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.