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Asset Manager ← All Institutions

Treasurer of the State of North Carolina

Q2 2025 · Filed 2025-08-14
Market Value
$31.0B
+23.8%
Holdings
1,022
+22
New Purchases
33
Added To
778
Closed
29
Reduced
182
Top 10 Concentration
31.9%
Turnover
6.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 6.04% 4.79% +1.25% $1.9B
AVGO 2.29% 1.49% +0.81% $712M
MSFT 5.99% 5.27% +0.72% $1.9B
META 2.80% 2.44% +0.36% $868M
ORCL 0.75% 0.46% +0.28% $232M
IWM 1.40% 1.16% +0.24% $435M
NFLX 0.98% 0.77% +0.21% $304M
PLTR 0.52% 0.33% +0.18% $161M
AMZN 3.60% 3.43% +0.17% $1.1B
TSLA 1.53% 1.38% +0.15% $475M
CSCO 0.66% 0.52% +0.14% $205M
COF 0.29% 0.17% +0.12% $90M
KLAC 0.32% 0.21% +0.12% $101M
INTU 0.44% 0.33% +0.10% $136M
HOOD 0.15% 0.05% +0.10% $47M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.00% 6.16% -1.17% $1.6B
BRK-B 1.35% 1.78% -0.43% $419M
UNH 0.50% 0.91% -0.41% $155M
XOM 0.70% 0.96% -0.25% $218M
ABBV 0.49% 0.71% -0.22% $154M
LLY 1.07% 1.27% -0.20% $331M
CVX 0.35% 0.50% -0.15% $109M
JNJ 0.61% 0.75% -0.15% $189M
HD 0.55% 0.69% -0.14% $171M
TMO 0.23% 0.37% -0.14% $72M
MRK 0.30% 0.42% -0.12% $93M
DFS 0.00% 0.11% -0.11% $0
COST 0.66% 0.77% -0.10% $205M
PEP 0.27% 0.38% -0.10% $85M
MCD 0.31% 0.41% -0.10% $98M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 56 $16.4B 53.0%
Large Cap 620 $13.3B 42.9%
Mid Cap 314 $1.2B 4.0%
Small Cap 30 $25M 0.1%
Micro Cap 2 $0 0.0%

Portfolio Analytics

Avg Market Cap
$77.5B
Median Market Cap
$15.9B
Avg P/E
34.2
Median P/E
23.5
Avg Dividend Yield
0.02%
Avg Beta
1.03
# Stocks
1,020
# ETFs / Funds
2

Top Holdings (1,022 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.04% 11,866,293 $1.9B $157.99 $674M +787,383 +7.1%
2 MSFT 5.99% 3,740,981 $1.9B $497.41 $540M +221,872 +6.3%
3 AAPL 5.00% 7,559,755 $1.6B $205.17 $6M +606,027 +8.7%
4 AMZN 3.60% 5,098,001 $1.1B $219.39 $258M +576,669 +12.8%
5 META 2.80% 1,176,119 $868M $738.09 $256M +114,929 +10.8%
6 AVGO 2.29% 2,584,554 $712M $275.65 $339M +355,458 +15.9%
7 GOOGL 1.77% 3,118,411 $550M $176.23 $111M +285,390 +10.1%
8 TSLA 1.53% 1,495,462 $475M $317.66 $129M +159,186 +11.9%
9 GOOG 1.45% 2,542,637 $451M $177.39 $86M +204,156 +8.7%
10 IWM 1.40% 2,015,990 $435M $215.79 $144M +557,755 +38.2%
11 BRK-B 1.35% 861,606 $419M $485.77 -$28M +23,533 +2.8%
12 JPM 1.21% 1,297,377 $376M $289.91 $59M +4,587 +0.3%
13 V 1.10% 960,140 $341M $355.05 $44M +112,433 +13.3%
14 LLY 1.07% 424,729 $331M $779.53 $14M +40,419 +10.5%
15 NFLX 0.98% 226,645 $304M $1,339.13 $111M +19,891 +9.6%
16 PG 0.83% 1,618,790 $258M $159.32 $52M +412,534 +34.2%
17 MA 0.78% 432,156 $243M $561.94 $28M +40,476 +10.3%
18 ORCL 0.75% 1,061,510 $232M $218.63 $116M +228,405 +27.4%
19 XOM 0.70% 2,024,259 $218M $107.80 -$21M +11,026 +0.6%
20 COST 0.66% 207,346 $205M $989.94 $13M +4,360 +2.1%
21 CSCO 0.66% 2,954,823 $205M $69.38 $74M +838,079 +39.6%
22 WMT 0.64% 2,032,400 $199M $97.78 $16M -48,731 -2.3%
23 JNJ 0.61% 1,234,945 $189M $152.75 -$418K +94,957 +8.3%
24 IBM 0.59% 616,139 $182M $294.78 $60M +126,333 +25.8%
25 HD 0.55% 465,115 $171M $366.64 -$3M -7,394 -1.6%
26 PLTR 0.52% 1,178,259 $161M $136.32 $77M +184,670 +18.6%
27 UNH 0.50% 497,757 $155M $311.97 -$73M +62,751 +14.4%
28 PM 0.50% 848,630 $155M $182.13 $35M +94,397 +12.5%
29 ABBV 0.49% 827,581 $154M $185.62 -$26M -27,645 -3.2%
30 BAC 0.49% 3,203,893 $152M $47.32 $24M +155,118 +5.1%
31 INTU 0.44% 172,607 $136M $787.63 $52M +36,058 +26.4%
32 ABT 0.42% 963,555 $131M $136.01 $19M +117,227 +13.8%
33 KO 0.41% 1,816,664 $129M $70.75 $1M +39,238 +2.2%
34 GE 0.41% 491,233 $126M $257.39 $28M -1,552 -0.3%
35 QCOM 0.40% 785,784 $125M $159.26 $34M +191,520 +32.2%
36 TXN 0.39% 587,752 $122M $207.62 $37M +113,632 +24.0%
37 WFC 0.39% 1,522,313 $122M $80.12 $14M +15,460 +1.0%
38 CRM 0.38% 436,143 $119M $272.69 $150K -6,477 -1.5%
39 DIS 0.37% 933,106 $116M $124.01 $32M +86,319 +10.2%
40 NOW 0.37% 110,627 $114M $1,028.08 $35M +11,667 +11.8%
41 BKNG 0.36% 19,547 $113M $5,789.23 $36M +2,862 +17.1%
42 CVX 0.35% 761,948 $109M $143.19 -$16M +12,517 +1.7%
43 AMD 0.34% 752,304 $107M $141.90 $31M +15,264 +2.1%
44 AXP 0.34% 328,973 $105M $318.98 $30M +49,833 +17.9%
45 LIN 0.33% 219,374 $103M $469.18 $492K -611 -0.3%
46 KLAC 0.32% 112,414 $101M $895.74 $49M +36,390 +47.9%
47 GS 0.32% 142,237 $101M $707.75 $25M +4,121 +3.0%
48 MCD 0.31% 333,936 $98M $292.17 -$5M +4,037 +1.2%
49 ADP 0.31% 312,473 $96M $308.40 $26M +81,323 +35.2%
50 T 0.31% 3,276,899 $95M $28.94 -$5M -249,655 -7.1%
51 MRK 0.30% 1,177,028 $93M $79.16 -$13M -8,754 -0.7%
52 BLK 0.30% 88,443 $93M $1,049.25 $23M +14,820 +20.1%
53 ADI 0.29% 384,515 $92M $238.02 $38M +119,231 +44.9%
54 ADBE 0.29% 236,077 $91M $386.88 $10M +23,687 +11.2%
55 RTX 0.29% 624,991 $91M $146.02 $11M +16,193 +2.7%
56 ISRG 0.29% 166,713 $91M $543.41 $10M +4,966 +3.1%
57 CMCSA 0.29% 2,537,850 $91M $35.69 $16M +510,915 +25.2%
58 COF 0.29% 423,255 $90M $212.76 $48M +186,879 +79.1%
59 UBER 0.28% 940,503 $88M $93.30 $20M +9,917 +1.1%
60 ACN 0.28% 292,424 $87M $298.89 -$2M +5,137 +1.8%
61 MDT 0.28% 1,001,922 $87M $87.17 $22M +272,536 +37.4%
62 MU 0.28% 701,469 $86M $123.25 $36M +124,419 +21.6%
63 GILD 0.28% 771,282 $86M $110.87 $14M +133,240 +20.9%
64 VZ 0.27% 1,972,968 $85M $43.27 -$2M +43,543 +2.3%
65 PEP 0.27% 640,136 $85M $132.04 -$10M +10,669 +1.7%
66 CAT 0.27% 216,302 $84M $388.21 $3M -29,092 -11.9%
67 PFE 0.25% 3,157,484 $77M $24.24 $10M +520,580 +19.7%
68 MS 0.24% 538,006 $76M $140.86 $15M +12,934 +2.5%
69 SPGI 0.24% 143,442 $76M $527.29 $3M +160 +0.1%
70 BSX 0.24% 689,534 $74M $107.41 $6M +17,069 +2.5%
71 C 0.24% 865,361 $74M $85.12 $12M -1,117 -0.1%
72 PANW 0.24% 358,151 $73M $204.64 $20M +43,904 +14.0%
73 PGR 0.24% 273,741 $73M $266.86 -$3M +6,113 +2.3%
74 CME 0.23% 263,952 $73M $275.62 $20M +65,638 +33.1%
75 SCHW 0.23% 797,239 $73M $91.24 $13M +38,701 +5.1%
76 TMO 0.23% 176,412 $72M $405.46 -$22M -10,582 -5.7%
77 BA 0.23% 338,523 $71M $209.53 $13M -3,981 -1.2%
78 AMGN 0.23% 251,264 $70M $279.21 -$6M +5,735 +2.3%
79 HON 0.23% 300,715 $70M $232.88 $7M +2,367 +0.8%
80 AMAT 0.22% 379,324 $69M $183.07 $7M -52,630 -12.2%
81 LRCX 0.22% 698,631 $68M $97.34 $23M +86,226 +14.1%
82 GEV 0.22% 127,715 $68M $529.15 $30M +2,991 +2.4%
83 NEE 0.22% 963,336 $67M $69.42 $137K +21,912 +2.3%
84 ROP 0.21% 117,162 $66M $566.84 $26M +48,381 +70.3%
85 ETN 0.21% 183,068 $65M $356.99 $16M +2,393 +1.3%
86 TJX 0.21% 522,515 $65M $123.49 $1M +3,724 +0.7%
87 UNP 0.21% 279,374 $64M $230.08 -$2M +67 +0.0%
88 COP 0.21% 713,010 $64M $89.74 -$3M +77,753 +12.2%
89 SYK 0.20% 160,789 $64M $395.63 $2M -4,885 -3.0%
90 RCL 0.20% 195,165 $61M $313.14 $33M +59,654 +44.0%
91 DHR 0.19% 298,025 $59M $197.54 -$7M -24,330 -7.5%
92 CRWD 0.19% 114,088 $58M $509.31 $21M +8,745 +8.3%
93 LOW 0.19% 261,820 $58M $221.87 -$2M +3,123 +1.2%
94 DE 0.19% 114,136 $58M $508.49 $4M -691 -0.6%
95 AMP 0.18% 107,146 $57M $533.73 $25M +41,135 +62.3%
96 APH 0.18% 563,266 $56M $98.75 $20M +22,540 +4.2%
97 FTNT 0.18% 524,053 $55M $105.72 $20M +161,211 +44.4%
98 SPG 0.18% 343,488 $55M $160.76 $19M +127,852 +59.3%
99 SPOT 0.18% 71,855 $55M $767.34 $18M +4,586 +6.8%
100 ORLY 0.17% 600,960 $54M $90.13 $16M +574,489 +2170.3%

New Positions

SymbolValue% Port
QSR $10M 0.03%
FLEX $9M 0.03%
INSM $8M 0.03%
RDDT $8M 0.03%
SFM $8M 0.02%
RKLB $7M 0.02%
CRS $6M 0.02%
TLN $6M 0.02%
QXO $6M 0.02%
ONON $5M 0.02%
IOT $5M 0.02%
COOP $4M 0.01%
SSB $4M 0.01%
CHWY $4M 0.01%
AIT $4M 0.01%

Sold Out Positions

SymbolValue% Port
AAP —%
SPB —%
CPRI —%
CRI —%
VAC —%
KSS —%
PII —%
VSTS —%
ENOV —%
CC —%
LEG —%
FTRE —%
GRAL —%
GO —%
FIVN —%
View SEC EDGAR Filings for Treasurer of the State of North Carolina →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms