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Asset Manager ← All Institutions

Treasurer of the State of North Carolina

Q3 2025 · Filed 2025-11-13
Market Value
$32.3B
+4.1%
Holdings
998
-24
New Purchases
5
Added To
79
Closed
11
Reduced
903
Top 10 Concentration
34.1%
Turnover
1.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.66% 5.00% +0.67% $1.8B
NVDA 6.56% 6.04% +0.52% $2.1B
TSLA 2.00% 1.53% +0.47% $646M
GOOGL 2.23% 1.77% +0.46% $719M
GOOG 1.81% 1.45% +0.36% $584M
AVGO 2.53% 2.29% +0.23% $817M
JNJ 0.84% 0.61% +0.23% $270M
LRCX 0.39% 0.22% +0.17% $125M
PLTR 0.66% 0.52% +0.15% $215M
APP 0.29% 0.16% +0.14% $95M
GD 0.26% 0.12% +0.13% $83M
MCD 0.43% 0.31% +0.12% $139M
IWM 1.51% 1.40% +0.11% $489M
AMAT 0.33% 0.22% +0.11% $108M
ORCL 0.86% 0.75% +0.11% $276M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AMZN 3.37% 3.60% -0.23% $1.1B
MSFT 5.81% 5.99% -0.18% $1.9B
NFLX 0.81% 0.98% -0.16% $263M
META 2.64% 2.80% -0.16% $852M
BKNG 0.24% 0.36% -0.12% $79M
NOW 0.26% 0.37% -0.10% $86M
LLY 0.97% 1.07% -0.10% $313M
COST 0.57% 0.66% -0.09% $185M
VRSK 0.05% 0.14% -0.09% $16M
ADBE 0.21% 0.29% -0.09% $68M
CMCSA 0.21% 0.29% -0.08% $68M
PG 0.75% 0.83% -0.08% $243M
CRM 0.31% 0.38% -0.08% $99M
ISRG 0.22% 0.29% -0.07% $72M
TXN 0.33% 0.39% -0.07% $105M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 56 $17.9B 55.6%
Large Cap 619 $13.2B 40.9%
Mid Cap 303 $1.1B 3.5%
Small Cap 19 $20M 0.1%
Micro Cap 1 $375K 0.0%

Portfolio Analytics

Avg Market Cap
$79.3B
Median Market Cap
$16.6B
Avg P/E
34.4
Median P/E
23.5
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
996
# ETFs / Funds
2

Top Holdings (998 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.56% 11,358,976 $2.1B $186.58 $245M -507,317 -4.3%
2 MSFT 5.81% 3,626,110 $1.9B $517.95 $17M -114,871 -3.1%
3 AAPL 5.66% 7,185,481 $1.8B $254.63 $279M -374,274 -5.0%
4 AMZN 3.37% 4,963,276 $1.1B $219.57 -$29M -134,725 -2.6%
5 META 2.64% 1,159,805 $852M $734.38 -$16M -16,314 -1.4%
6 AVGO 2.53% 2,477,220 $817M $329.91 $105M -107,334 -4.2%
7 GOOGL 2.23% 2,959,533 $719M $243.10 $170M -158,878 -5.1%
8 TSLA 2.00% 1,451,506 $646M $444.72 $170M -43,956 -2.9%
9 GOOG 1.81% 2,398,720 $584M $243.55 $133M -143,917 -5.7%
10 IWM 1.51% 2,021,520 $489M $241.96 $54M +5,530 +0.3%
11 BRK-B 1.29% 829,294 $417M $502.74 -$2M -32,312 -3.8%
12 JPM 1.22% 1,248,725 $394M $315.43 $18M -48,652 -3.8%
13 V 1.06% 1,003,828 $343M $341.38 $2M +43,688 +4.5%
14 LLY 0.97% 410,650 $313M $763.00 -$18M -14,079 -3.3%
15 ORCL 0.86% 982,866 $276M $281.24 $44M -78,644 -7.4%
16 JNJ 0.84% 1,454,948 $270M $185.42 $81M +220,003 +17.8%
17 NFLX 0.81% 219,601 $263M $1,198.92 -$40M -7,044 -3.1%
18 PG 0.75% 1,580,701 $243M $153.65 -$15M -38,089 -2.4%
19 MA 0.75% 426,235 $242M $568.81 -$399K -5,921 -1.4%
20 XOM 0.68% 1,948,356 $220M $112.75 $1M -75,903 -3.8%
21 PLTR 0.66% 1,175,868 $215M $182.42 $54M -2,391 -0.2%
22 WMT 0.62% 1,956,190 $202M $103.06 $3M -76,210 -3.8%
23 CSCO 0.61% 2,893,288 $198M $68.42 -$7M -61,535 -2.1%
24 COST 0.57% 199,569 $185M $925.63 -$21M -7,777 -3.8%
25 ABBV 0.57% 796,545 $184M $231.54 $31M -31,036 -3.8%
26 HD 0.56% 447,676 $181M $405.19 $11M -17,439 -3.8%
27 IBM 0.54% 619,058 $175M $282.16 -$7M +2,919 +0.5%
28 UNH 0.52% 482,711 $167M $345.30 $11M -15,046 -3.0%
29 BAC 0.48% 3,032,592 $156M $51.59 $5M -171,301 -5.3%
30 GE 0.44% 472,815 $142M $300.82 $16M -18,418 -3.8%
31 PM 0.43% 860,376 $140M $162.20 -$15M +11,746 +1.4%
32 MCD 0.43% 457,495 $139M $303.89 $41M +123,559 +37.0%
33 CVX 0.42% 863,604 $134M $155.29 $25M +101,656 +13.3%
34 QCOM 0.39% 757,739 $126M $166.36 $913K -28,045 -3.6%
35 INTU 0.39% 184,493 $126M $682.91 -$10M +11,886 +6.9%
36 ABT 0.39% 939,376 $126M $133.94 -$5M -24,179 -2.5%
37 DIS 0.39% 1,096,457 $126M $114.50 $10M +163,351 +17.5%
38 LRCX 0.39% 934,067 $125M $133.90 $57M +235,436 +33.7%
39 WFC 0.38% 1,450,016 $122M $83.82 -$428K -72,297 -4.8%
40 KLAC 0.37% 110,049 $119M $1,078.60 $18M -2,365 -2.1%
41 MU 0.37% 705,090 $118M $167.32 $32M +3,621 +0.5%
42 AMD 0.36% 724,091 $117M $161.79 $10M -28,213 -3.8%
43 KO 0.36% 1,748,537 $116M $66.32 -$13M -68,127 -3.8%
44 BLK 0.35% 97,231 $113M $1,165.87 $21M +8,788 +9.9%
45 AMAT 0.33% 526,154 $108M $204.74 $38M +146,830 +38.7%
46 GS 0.33% 135,160 $108M $796.35 $7M -7,077 -5.0%
47 AXP 0.33% 317,264 $105M $332.16 $446K -11,709 -3.6%
48 TXN 0.33% 571,694 $105M $183.73 -$17M -16,058 -2.7%
49 SCHW 0.32% 1,077,953 $103M $95.47 $30M +280,714 +35.2%
50 RTX 0.31% 601,552 $101M $167.33 $9M -23,439 -3.8%
51 LIN 0.31% 211,144 $100M $475.00 -$3M -8,230 -3.8%
52 CRM 0.31% 419,788 $99M $237.00 -$19M -16,355 -3.8%
53 CAT 0.31% 208,186 $99M $477.15 $15M -8,116 -3.8%
54 APP 0.29% 132,613 $95M $718.54 $47M -6,576 -4.7%
55 MRK 0.29% 1,132,889 $95M $83.93 $2M -44,139 -3.8%
56 MDT 0.29% 979,116 $93M $95.24 $6M -22,806 -2.3%
57 ADI 0.28% 365,012 $90M $245.70 -$2M -19,503 -5.1%
58 ADP 0.28% 305,224 $90M $293.50 -$7M -7,249 -2.3%
59 T 0.28% 3,154,010 $89M $28.24 -$6M -122,889 -3.8%
60 UBER 0.27% 905,232 $89M $97.97 $937K -35,271 -3.8%
61 PEP 0.27% 616,129 $87M $140.44 $2M -24,007 -3.8%
62 NOW 0.26% 92,928 $86M $920.28 -$28M -17,699 -16.0%
63 VZ 0.26% 1,898,975 $83M $43.95 -$2M -73,993 -3.8%
64 C 0.26% 820,963 $83M $101.50 $10M -44,398 -5.1%
65 GD 0.26% 244,293 $83M $341.00 $45M +111,849 +84.5%
66 GILD 0.26% 749,346 $83M $111.00 -$2M -21,936 -2.8%
67 TMO 0.25% 169,798 $82M $485.02 $11M -6,614 -3.8%
68 MS 0.25% 517,830 $82M $158.96 $7M -20,176 -3.8%
69 BKNG 0.24% 14,625 $79M $5,399.25 -$34M -4,922 -25.2%
70 PFE 0.24% 3,057,542 $78M $25.48 $1M -99,942 -3.2%
71 CME 0.24% 284,975 $77M $270.19 $4M +21,023 +8.0%
72 PANW 0.24% 377,619 $77M $203.62 $4M +19,468 +5.4%
73 GEV 0.23% 122,926 $76M $614.90 $8M -4,789 -3.8%
74 COF 0.23% 348,114 $74M $212.58 -$16M -75,141 -17.8%
75 TJX 0.22% 502,921 $73M $144.54 $8M -19,594 -3.8%
76 ISRG 0.22% 160,468 $72M $447.23 -$19M -6,245 -3.8%
77 BA 0.22% 325,828 $70M $215.83 -$608K -12,695 -3.8%
78 NEE 0.22% 927,209 $70M $75.49 $3M -36,127 -3.8%
79 ACN 0.21% 281,461 $69M $246.60 -$18M -10,963 -3.8%
80 AMGN 0.21% 241,843 $68M $282.20 -$2M -9,421 -3.8%
81 CMCSA 0.21% 2,154,777 $68M $31.42 -$23M -383,073 -15.1%
82 ANET 0.21% 463,839 $68M $145.71 $18M -18,064 -3.8%
83 ADBE 0.21% 191,359 $68M $352.75 -$24M -44,718 -18.9%
84 SPGI 0.21% 138,062 $67M $486.71 -$8M -5,380 -3.8%
85 APH 0.21% 542,146 $67M $123.75 $11M -21,120 -3.8%
86 ETN 0.20% 176,206 $66M $374.25 $592K -6,862 -3.8%
87 INTC 0.20% 1,964,881 $66M $33.55 $20M -76,553 -3.8%
88 COP 0.20% 690,728 $65M $94.59 $1M -22,282 -3.1%
89 PGR 0.20% 263,478 $65M $246.95 -$8M -10,263 -3.8%
90 BSX 0.20% 663,682 $65M $97.63 -$9M -25,852 -3.8%
91 ORLY 0.20% 595,861 $64M $107.81 $10M -5,099 -0.8%
92 HOOD 0.20% 447,710 $64M $143.18 $17M -54,067 -10.8%
93 UNP 0.20% 268,895 $64M $236.37 -$719K -10,479 -3.8%
94 SPG 0.20% 337,650 $63M $187.67 $8M -5,838 -1.7%
95 LOW 0.20% 251,996 $63M $251.31 $5M -9,824 -3.8%
96 NEM 0.19% 735,967 $62M $84.31 $18M -26,236 -3.4%
97 ETR 0.19% 665,110 $62M $93.19 $35M +345,201 +107.9%
98 RCL 0.19% 189,380 $61M $323.58 $166K -5,785 -3.0%
99 HON 0.19% 285,928 $60M $210.50 -$10M -14,787 -4.9%
100 ROP 0.18% 115,229 $57M $498.69 -$9M -1,933 -1.6%

New Positions

SymbolValue% Port
VNOM $3M 0.01%
CRCL $3M 0.01%
LCID $1M —%
GLBKV $375K —%
CAI $305K —%

Sold Out Positions

SymbolValue% Port
UHAL —%
SSB —%
HES —%
JNPR —%
VIAC —%
AMED —%
AZEK —%
ANSS —%
DNB —%
SKX —%
WBA —%
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