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
+14.48%
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
+$6.04B
Cap. Flow
+$3.08B
Cap. Flow %
9.88%
Top 10 Hldgs %
31.73%
Holding
1,045
New
38
Increased
790
Reduced
187
Closed
30

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$122M
2
AMZN icon
Amazon
AMZN
+$114M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$112M
4
NVDA icon
NVIDIA
NVDA
+$99.1M
5
MSFT icon
Microsoft
MSFT
+$96.4M

Top Sells

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$26.9M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$17.9M
3
CAT icon
Caterpillar
CAT
+$9.7M
4
EMR icon
Emerson Electric
EMR
+$9.08M
5
AMAT icon
Applied Materials
AMAT
+$8.34M

Sector Composition

Rank Sector Weight
1 Technology 32.67%
2 Financials 13.63%
3 Consumer Discretionary 10.63%
4 Communication Services 9.62%
5 Healthcare 9.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRV icon
201
Travelers Companies
TRV
$77.1B
$28.3M 0.09%
105,605
+2,117
+2% +$558K
NET icon
202
Cloudflare
NET
$117B
$28.2M 0.09%
144,152
+4,796
+3% +$696K
PAYX icon
203
Paychex
PAYX
$43.1B
$28.1M 0.09%
192,998
+30,945
+19% +$4.66M
GDDY icon
204
GoDaddy
GDDY
$11.6B
$28M 0.09%
155,593
+70,585
+83% +$12.7M
RBLX icon
205
Roblox
RBLX
$25.9B
$27.7M 0.09%
263,213
+22,859
+10% +$1.8M
INGR icon
206
Ingredion
INGR
$6.62B
$27.7M 0.09%
203,957
+118,812
+140% +$16M
CARR icon
207
Carrier Global
CARR
$52.2B
$27.5M 0.09%
376,242
-7,764
-2% -$527K
DLR icon
208
Digital Realty Trust
DLR
$73.2B
$27.5M 0.09%
157,567
+5,909
+4% +$966K
APO icon
209
Apollo Global Management
APO
$82.8B
$27.3M 0.09%
192,589
-46,236
-19% -$6.13M
NSC icon
210
Norfolk Southern
NSC
$76B
$27M 0.09%
105,497
+2,052
+2% +$484K
TGT icon
211
Target
TGT
$70.2B
$26.9M 0.09%
272,787
+27,063
+11% +$2.6M
EHC icon
212
Encompass Health
EHC
$12.2B
$26.8M 0.09%
218,864
+112,982
+107% +$12.9M
KMI icon
213
Kinder Morgan
KMI
$71.1B
$26.7M 0.09%
908,405
+21,160
+2% +$581K
ETR icon
214
Entergy
ETR
$49.8B
$26.6M 0.09%
319,909
+83,078
+35% +$6.86M
TFC icon
215
Truist Financial
TFC
$64.7B
$26.3M 0.08%
612,012
+1,042
+0.2% +$40.8K
ABNB icon
216
Airbnb
ABNB
$109B
$26.3M 0.08%
198,659
+2,702
+1% +$342K
MPWR icon
217
Monolithic Power Systems
MPWR
$69.5B
$26.2M 0.08%
35,789
+9,315
+35% +$5.93M
PWR icon
218
Quanta Services
PWR
$102B
$26M 0.08%
68,790
+2,318
+3% +$744K
FICO icon
219
Fair Isaac
FICO
$22.8B
$25.7M 0.08%
14,037
+2,146
+18% +$4.03M
COR icon
220
Cencora
COR
$59.8B
$25.6M 0.08%
85,534
+6,244
+8% +$1.8M
R icon
221
Ryder
R
$10.1B
$25.5M 0.08%
160,242
+119,618
+294% +$17.6M
GEHC icon
222
GE HealthCare
GEHC
$33B
$25.3M 0.08%
341,548
+88,537
+35% +$6.16M
UAL icon
223
United Airlines
UAL
$41.3B
$25.3M 0.08%
317,522
+132,180
+71% +$9.74M
GEN icon
224
Gen Digital
GEN
$17.2B
$25.2M 0.08%
856,970
+433,499
+102% +$11.8M
GLPI icon
225
Gaming and Leisure Properties
GLPI
$12.6B
$25.1M 0.08%
537,659
+272,758
+103% +$12.9M
7 8
9
10 11

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 Q2 2025 Portfolio in Review

As of Q2 2025, Treasurer of the State of North Carolina held 1,045 positions worth $31.2B, up 24% from $25.1B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Treasurer of the State of North Carolina deployed $3.08B of net new capital in Q2 2025, opening 38 new positions and adding to 790 existing holdings. Its largest new stake was Flutter Entertainment: 81,840 shares worth $23.4M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $17.9M trimmed.

  • Treasurer of the State of North Carolina's largest Q2 2025 buy was Flutter Entertainment: 81,840 shares worth $23.4M.
  • Treasurer of the State of North Carolina added most to Apple in Q2 2025, an estimated $122M increase.
  • Treasurer of the State of North Carolina's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $17.9M.
  • Treasurer of the State of North Carolina fully exited Discover Financial Services in Q2 2025, selling an estimated $26.9M.
  • Treasurer of the State of North Carolina's ten largest holdings make up 32% of its $31.2B portfolio in Q2 2025.
  • Treasurer of the State of North Carolina opened 38 new positions and closed 30 in Q2 2025.
  • Treasurer of the State of North Carolina's portfolio value rose 24% quarter-over-quarter to $31.2B.

Based on Treasurer of the State of North Carolina's 13F filing for Q2 2025, filed 14 Aug 2025.