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
CUZ icon
876
Cousins Properties
CUZ
$4.92B
$2.17M 0.01%
75,023
-2,921
-4% -$82.9K
DAR icon
877
Darling Ingredients
DAR
$10.3B
$2.17M 0.01%
70,310
-2,743
-4% -$91.6K
TKR icon
878
Timken Company
TKR
$9.07B
$2.11M 0.01%
28,122
-1,094
-4% -$84.4K
CE icon
879
Celanese
CE
$4.86B
$2.11M 0.01%
50,171
-1,953
-4% -$97.2K
SAIC icon
880
Saic
SAIC
$5.34B
$2.1M 0.01%
21,130
-821
-4% -$91.7K
KEX icon
881
Kirby Corp
KEX
$7.27B
$2.09M 0.01%
25,097
-1,343
-5% -$135K
BEPC icon
882
Brookfield Renewable
BEPC
$6.65B
$2.09M 0.01%
60,714
-2,374
-4% -$81.4K
BRBR icon
883
BellRing Brands
BRBR
$1.28B
$2.05M 0.01%
56,489
-2,797
-5% -$126K
VVV icon
884
Valvoline
VVV
$4.31B
$2.05M 0.01%
57,126
-2,234
-4% -$85.3K
CROX icon
885
Crocs
CROX
$6.32B
$2.04M 0.01%
24,444
-39,680
-62% -$3.62M
SPR
886
DELISTED
Spirit AeroSystems
SPR
$2.03M 0.01%
52,514
-2,041
-4% -$81.6K
ENPH icon
887
Enphase Energy
ENPH
$5.37B
$2.02M 0.01%
57,224
-2,227
-4% -$82.7K
ST icon
888
Sensata Technologies
ST
$6.58B
$1.99M 0.01%
65,213
-2,541
-4% -$80.3K
SIRI icon
889
SiriusXM
SIRI
$9.46B
$1.99M 0.01%
85,344
-3,321
-4% -$76.8K
PSN icon
890
Parsons
PSN
$5.07B
$1.97M 0.01%
23,724
-919
-4% -$71.1K
ECG
891
Everus Construction Group
ECG
$6.93B
$1.96M 0.01%
22,871
-884
-4% -$65.7K
AVT icon
892
Avnet
AVT
$7.86B
$1.96M 0.01%
37,447
-2,682
-7% -$144K
EPR icon
893
EPR Properties
EPR
$4.73B
$1.95M 0.01%
33,543
-1,310
-4% -$73.6K
LSTR icon
894
Landstar System
LSTR
$6.41B
$1.91M 0.01%
15,588
-600
-4% -$79.7K
SON icon
895
Sonoco
SON
$5.77B
$1.91M 0.01%
44,269
-1,717
-4% -$79.3K
WHR icon
896
Whirlpool
WHR
$2.8B
$1.9M 0.01%
24,118
-937
-4% -$86K
WTM icon
897
White Mountains Insurance
WTM
$5.1B
$1.88M 0.01%
1,125
-37
-3% -$66K
FMC icon
898
FMC
FMC
$1.27B
$1.88M 0.01%
55,780
-2,178
-4% -$85K
BC icon
899
Brunswick
BC
$5.3B
$1.86M 0.01%
29,449
-1,149
-4% -$71.3K
RYN icon
900
Rayonier
RYN
$6.54B
$1.85M 0.01%
73,006
-2,845
-4% -$68.2K
34 35
36
37 38

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.