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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
+24.5%
1 Year Est. Return
+28.93%
3 Year Est. Return
+100.69%
5 Year Est. Return
+135.6%
10 Year Est. Return
–
AUM
$12.1B
AUM Growth
+$838M
Cap. Flow
-$1.45B
Cap. Flow %
-12%
Top 10 Hldgs %
24.1%
Holding
1,061
New
60
Increased
75
Reduced
872
Closed
52

Top Buys

Rank Stock Value
1
ZM icon
Zoom
ZM
+$12.6M
2
TDOC icon
Teladoc Health
TDOC
+$8.75M
3
OTIS icon
Otis Worldwide
OTIS
+$7.77M
4
TMUS icon
T-Mobile US
TMUS
+$6.81M
5
CARR icon
Carrier Global
CARR
+$5.93M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$93.1M
2
AAPL icon
Apple
AAPL
+$85.9M
3
AMZN icon
Amazon
AMZN
+$55.9M
4
META icon
Meta Platforms (Facebook)
META
+$31.5M
5
AGN
Allergan plc
AGN
+$28M

Sector Composition

Rank Sector Weight
1 Technology 24.44%
2 Healthcare 14.84%
3 Financials 12.6%
4 Consumer Discretionary 11.02%
5 Communication Services 10.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.66T
$637M 5.27%
3,130,607
-512,670
-14% -$93.1M
AAPL icon
2
Apple
AAPL
$4.41T
$628M 5.19%
6,888,708
-1,108,116
-14% -$85.9M
AMZN icon
3
Amazon
AMZN
$2.88T
$493M 4.07%
3,571,320
-462,860
-11% -$55.9M
META icon
4
Meta Platforms (Facebook)
META
$1.47T
$234M 1.94%
1,032,102
-150,966
-13% -$31.5M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.2T
$178M 1.47%
2,509,980
-374,400
-13% -$25.2M
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.19T
$175M 1.45%
2,477,460
-411,000
-14% -$27.7M
JNJ icon
7
Johnson & Johnson
JNJ
$629B
$161M 1.33%
1,143,235
-177,380
-13% -$25.8M
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.09T
$146M 1.2%
815,414
-126,820
-13% -$23.2M
V icon
9
Visa
V
$671B
$136M 1.13%
705,860
-119,420
-14% -$21.8M
PG icon
10
Procter & Gamble
PG
$335B
$126M 1.05%
1,056,990
-153,560
-13% -$17.9M
UNH icon
11
UnitedHealth
UNH
$364B
$121M 1%
409,205
-60,728
-13% -$17.4M
JPM icon
12
JPMorgan Chase
JPM
$971B
$119M 0.99%
1,268,181
-240,090
-16% -$22.8M
HD icon
13
Home Depot
HD
$342B
$112M 0.93%
449,080
-76,060
-14% -$17.4M
MA icon
14
Mastercard
MA
$490B
$109M 0.9%
368,808
-58,240
-14% -$16.4M
INTC icon
15
Intel
INTC
$509B
$106M 0.88%
1,776,079
-289,740
-14% -$17.3M
VZ icon
16
Verizon
VZ
$195B
$99.2M 0.82%
1,800,237
-272,400
-13% -$15.3M
NVDA icon
17
NVIDIA
NVDA
$5.43T
$93.8M 0.78%
9,871,440
-1,369,800
-12% -$11.1M
T icon
18
AT&T
T
$166B
$93.5M 0.77%
4,093,200
-713,610
-15% -$16.3M
ADBE icon
19
Adobe
ADBE
$103B
$87.5M 0.72%
201,102
-30,640
-13% -$11.4M
DIS icon
20
Walt Disney
DIS
$178B
$87.4M 0.72%
783,545
-85,503
-10% -$9.44M
PYPL icon
21
PayPal
PYPL
$50.6B
$85.5M 0.71%
490,954
-74,930
-13% -$10.4M
MRK icon
22
Merck
MRK
$328B
$84.7M 0.7%
1,147,839
-179,564
-14% -$13.5M
NFLX icon
23
Netflix
NFLX
$309B
$83.9M 0.69%
1,844,730
-197,630
-10% -$8.41M
CSCO icon
24
Cisco
CSCO
$488B
$82.8M 0.68%
1,775,217
-288,350
-14% -$12.6M
PEP icon
25
PepsiCo
PEP
$189B
$79.6M 0.66%
601,727
-94,677
-14% -$12.5M
1
2 3 4 5

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Treasurer of the State of North Carolina's Q2 2020 Portfolio in Review

As of Q2 2020, Treasurer of the State of North Carolina held 1,061 positions worth $12.1B, up 7.4% from $11.3B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Treasurer of the State of North Carolina withdrew a net $1.45B in Q2 2020, closing 52 positions and reducing 872 holdings. Its most notable exit was Allergan plc, an estimated $28M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Treasurer of the State of North Carolina opened a new position in Zoom worth $17.7M.

  • Treasurer of the State of North Carolina's largest Q2 2020 buy was Zoom: 69,800 shares worth $17.7M.
  • Treasurer of the State of North Carolina added most to T-Mobile US in Q2 2020, an estimated $6.81M increase.
  • Treasurer of the State of North Carolina's biggest Q2 2020 reduction was Microsoft, cutting an estimated $93.1M.
  • Treasurer of the State of North Carolina fully exited Allergan plc in Q2 2020, selling an estimated $28M.
  • Treasurer of the State of North Carolina's ten largest holdings make up 24% of its $12.1B portfolio in Q2 2020.
  • Treasurer of the State of North Carolina opened 60 new positions and closed 52 in Q2 2020.
  • Treasurer of the State of North Carolina's portfolio value rose 7.4% quarter-over-quarter to $12.1B.

Based on Treasurer of the State of North Carolina's 13F filing for Q2 2020, filed 7 Aug 2020.