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Treasurer of the State of North Carolina Portfolio holdings
AUM
$38.8B
1-Year Est. Return
40.77%
This Fund
S&P 500
This Quarter
Est. Return
+25%
1 Year Est. Return
+40.77%
3 Year Est. Return
+128.4%
5 Year Est. Return
+169.12%
10 Year Est. Return
–
AUM
$38.8B
AUM Growth
+$7.02B
(+22%)
Cap. Flow
+$2.14B
Cap. Flow
% of AUM
5.5%
Top 10 Holdings %
Top 10 Hldgs %
32.04%
Holding
1,140
New
134
Increased
405
Reduced
549
Closed
44
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Variable Rate Preferred ETF
VRP
|
+$350M |
| 2 |
VanEck Preferred Securities ex Financials ETF
PFXF
|
+$172M |
| 3 |
Global X MLP & Energy Infrastructure ETF
MLPX
|
+$157M |
| 4 |
iShares US Infrastructure ETF
IFRA
|
+$154M |
| 5 |
POWR
iShares U.S. Power Infrastructure ETF
POWR
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$61.1M |
| 2 |
Lam Research
LRCX
|
+$44.7M |
| 3 |
Mastercard
MA
|
+$44.5M |
| 4 |
NVIDIA
NVDA
|
+$39.4M |
| 5 |
CME Group
CME
|
+$38.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.52% |
| 2 | Financials | 10.55% |
| 3 | Industrials | 9.12% |
| 4 | Consumer Discretionary | 8.72% |
| 5 | Miscellaneous | 8.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
BellRing Brands
BRBR
$920M
| – | – |
-50,156
| Closed | -$807K |
|
1102
Certara
CERT
$1.39B
| – | – |
-51,189
| Closed | -$292K |
|
1103
Clarivate
CLVT
$1.14B
| – | – |
-157,170
| Closed | -$398K |
|
1104
Concentrix
CNXC
$1.65B
| – | – |
-18,714
| Closed | -$512K |
|
1105
Coty
COTY
$2.33B
| – | – |
-147,800
| Closed | -$297K |
|
|
CTRA
1106
DELISTED
Coterra Energy
CTRA
| – | – |
-465,262
| Closed | -$16.3M |
|
|
CWEN.A
1107
DELISTED
Clearway Energy Class A
CWEN.A
| – | – |
-30,849
| Closed | -$1.21M |
|
1108
Crane NXT
CXT
$2.75B
| – | – |
-20,961
| Closed | -$851K |
|
1109
DoubleVerify
DV
$2.08B
| – | – |
-61,285
| Closed | -$582K |
|
1110
DXC Technology
DXC
$1.7B
| – | – |
-72,020
| Closed | -$905K |
|
1111
Flowers Foods
FLO
$1.22B
| – | – |
-79,924
| Closed | -$651K |
|
1112
FMC
FMC
$1.49B
| – | – |
-53,117
| Closed | -$915K |
|
1113
Globant
GLOB
$1.49B
| – | – |
-18,483
| Closed | -$852K |
|
1114
Highwoods Properties
HIW
$3.32B
| – | – |
-46,260
| Closed | -$990K |
|
1115
Harley-Davidson
HOG
$2.65B
| – | – |
-47,711
| Closed | -$965K |
|
|
HOLX
1116
DELISTED
Hologic
HOLX
| – | – |
-95,498
| Closed | -$7.22M |
|
1117
Huntsman Corp
HUN
$1.56B
| – | – |
-70,354
| Closed | -$936K |
|
1118
Inspire Medical Systems
INSP
$2.04B
| – | – |
-12,263
| Closed | -$633K |
|
1119
Kemper
KMPR
$1.49B
| – | – |
-24,884
| Closed | -$760K |
|
1120
Lucid Motors
LCID
$1.6B
| – | – |
-56,546
| Closed | -$539K |
|
1121
ManpowerGroup
MAN
$2.67B
| – | – |
-19,715
| Closed | -$581K |
|
|
MASI
1122
DELISTED
Masimo
MASI
| – | – |
-19,294
| Closed | -$3.43M |
|
1123
nCino
NCNO
$2.05B
| – | – |
-47,528
| Closed | -$712K |
|
1124
Newell Brands
NWL
$2.31B
| – | – |
-178,460
| Closed | -$612K |
|
1125
PENN Entertainment
PENN
$2.1B
| – | – |
-56,244
| Closed | -$845K |
|
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Treasurer of the State of North Carolina's Q2 2026 Portfolio in Review
As of Q2 2026, Treasurer of the State of North Carolina held 1,140 positions worth $38.8B, up 22% from $31.8B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Treasurer of the State of North Carolina deployed $2.14B of net new capital in Q2 2026, opening 134 new positions and adding to 405 existing holdings. Its largest new stake was Invesco Variable Rate Preferred ETF: 14,378,855 shares worth $350M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 31% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Micron Technology, an estimated $61.1M trimmed.
- Treasurer of the State of North Carolina's largest Q2 2026 buy was Invesco Variable Rate Preferred ETF: 14,378,855 shares worth $350M.
- Treasurer of the State of North Carolina added most to Ameren in Q2 2026, an estimated $51M increase.
- Treasurer of the State of North Carolina's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $61.1M.
- Treasurer of the State of North Carolina fully exited Coterra Energy in Q2 2026, selling an estimated $16.3M.
- Treasurer of the State of North Carolina's ten largest holdings make up 32% of its $38.8B portfolio in Q2 2026.
- Treasurer of the State of North Carolina opened 134 new positions and closed 44 in Q2 2026.
- Treasurer of the State of North Carolina's portfolio value rose 22% quarter-over-quarter to $38.8B.
Based on Treasurer of the State of North Carolina's 13F filing for Q2 2026, filed 14 Aug 2026.