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
GPK icon
876
Graphic Packaging
GPK
$3.46B
$1.84M 0.01%
122,491
-8,952
-7% -$147K
BILL icon
877
BILL Holdings
BILL
$4.81B
$1.84M 0.01%
33,723
-8,151
-19% -$419K
KRC icon
878
Kilroy Realty
KRC
$4.3B
$1.84M 0.01%
49,141
-3,594
-7% -$147K
ECG
879
Everus Construction Group
ECG
$7.05B
$1.82M 0.01%
21,311
-1,560
-7% -$140K
TNL icon
880
Travel + Leisure Co
TNL
$4.57B
$1.81M 0.01%
25,729
-1,882
-7% -$123K
CROX icon
881
Crocs
CROX
$6.34B
$1.8M 0.01%
21,091
-3,353
-14% -$280K
CUZ icon
882
Cousins Properties
CUZ
$4.89B
$1.8M 0.01%
69,911
-5,112
-7% -$133K
SON icon
883
Sonoco
SON
$5.75B
$1.8M 0.01%
41,256
-3,013
-7% -$125K
PRMB
884
Primo Brands
PRMB
$8.95B
$1.76M 0.01%
107,567
-7,867
-7% -$145K
FOUR icon
885
Shift4
FOUR
$3.63B
$1.75M 0.01%
27,736
-1,618
-6% -$114K
MSGS icon
886
Madison Square Garden
MSGS
$10B
$1.75M 0.01%
6,749
-492
-7% -$112K
ELF icon
887
e.l.f. Beauty
ELF
$5.43B
$1.74M 0.01%
22,940
-1,676
-7% -$165K
BBWI icon
888
Bath & Body Works
BBWI
$3.7B
$1.73M 0.01%
86,348
-9,375
-10% -$207K
ENPH icon
889
Enphase Energy
ENPH
$5.38B
$1.71M 0.01%
53,326
-3,898
-7% -$126K
SARO
890
StandardAero Inc
SARO
$9.03B
$1.7M 0.01%
59,359
-4,335
-7% -$118K
AGO icon
891
Assured Guaranty
AGO
$3.33B
$1.67M 0.01%
18,607
-1,985
-10% -$171K
DVA icon
892
DaVita
DVA
$11.5B
$1.67M 0.01%
14,717
-43,883
-75% -$5.34M
MDU icon
893
MDU Resources
MDU
$4.3B
$1.66M 0.01%
84,954
-6,217
-7% -$122K
AVT icon
894
Avnet
AVT
$7.97B
$1.63M 0.01%
33,846
-3,601
-10% -$177K
DLB icon
895
Dolby
DLB
$5.75B
$1.63M 0.01%
25,327
-7,789
-24% -$523K
WHR icon
896
Whirlpool
WHR
$2.83B
$1.62M 0.01%
22,478
-1,640
-7% -$121K
VKTX icon
897
Viking Therapeutics
VKTX
$3.89B
$1.61M 0.01%
45,648
-3,344
-7% -$118K
SIRI icon
898
SiriusXM
SIRI
$9.52B
$1.59M 0.01%
79,527
-5,817
-7% -$125K
TREX icon
899
Trex
TREX
$5.09B
$1.57M 0.01%
44,702
-3,271
-7% -$132K
CRCL
900
Circle Internet Group
CRCL
$18.1B
$1.57M 0.01%
19,777
-1,441
-7% -$149K
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 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.