Treasurer of the State of North Carolina
Filing Date
Global Rank
#213
/ 8,617
▲ 5
· as of Mar 2026
Top Industry
Semiconductors
12.2%
3Y Alpha vs SPY
-2.6%
Period ended 4 months ago
Filed May 14, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+60.7%
SPY
+69.4%
Annualised alpha
-2.1%
Max drawdown
−18.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
989 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
6.5%
−0.2 pts
Top 5
23.0%
−1.9 pts
Top 10
32.1%
−2.8 pts
HHI
155
Diversified−21
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 33.0% | $9,667,587,493 |
| Financial Services | 12.9% | $3,789,864,842 |
| Consumer Cyclical | 10.2% | $2,978,183,905 |
| Healthcare | 10.1% | $2,951,504,569 |
| Industrials | 9.3% | $2,730,385,276 |
| Communication Services | 8.1% | $2,362,986,735 |
| Consumer Defensive | 5.1% | $1,488,337,435 |
| Energy | 3.8% | $1,128,437,090 |
| Utilities | 2.9% | $864,340,395 |
| Basic Materials | 2.3% | $682,826,375 |
| Real Estate | 2.3% | $663,858,099 |
| Unclassified | 0.0% | $13,124,458 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVDA | Nvidia Corp | +308,380 | 10,995,140 | $1,917,552,416 | |
| HBAN | Huntington Bancshares Inc /Md/ | +209,942 | 858,744 | $13,439,343 | |
| AMZN | Amazon Com Inc | +156,064 | 4,811,413 | $1,002,072,985 | |
| CSCO | Cisco Systems, Inc. | +134,052 | 2,708,172 | $210,127,065 | |
| BAC | Bank Of America Corp /De/ | +119,901 | 3,780,999 | $184,323,701 | |
| AAPL | Apple Inc. | +118,897 | 6,781,124 | $1,720,981,459 | |
| FITB | Fifth Third Bancorp | +117,317 | 482,065 | $22,396,739 | |
| PFE | Pfizer Inc | +105,979 | 2,988,638 | $83,920,955 | |
| MSFT | Microsoft Corp | +102,358 | 3,531,845 | $1,307,383,063 | |
| PG | PROCTER & GAMBLE Co | +84,000 | 1,648,446 | $238,101,540 | |
| GOOGL | Alphabet Inc. | +83,888 | 2,805,763 | $806,825,208 | |
| AVGO | Broadcom Inc. | +82,685 | 2,394,010 | $740,970,035 | |
| INTC | Intel Corp | +79,224 | 2,289,593 | $101,039,739 | |
| NFLX | Netflix Inc | +73,856 | 2,176,036 | $209,225,861 | |
| PANW | Palo Alto Networks Inc | +69,955 | 433,438 | $69,488,780 | |
| CCL | Carnival Corp Ltd. | +68,952 | 811,943 | $21,013,084 | |
| ETR | Entergy Corp /De/ | +68,696 | 854,923 | $96,059,148 | |
| GEN | Gen Digital Inc. | +65,432 | 855,763 | $16,114,017 | |
| T | At&T Inc. | +63,042 | 2,958,929 | $85,779,351 | |
| JNJ | Johnson & Johnson | +62,089 | 1,442,664 | $352,644,788 | |
| SF | Stifel Financial Corp | +61,240 | 161,843 | $11,963,434 | |
| RYN | Rayonier Inc | +60,737 | 127,456 | $2,628,142 | |
| EVRG | Evergy, Inc. | +60,581 | 699,185 | $57,277,235 | |
| FCX | Freeport-Mcmoran Inc | +60,502 | 1,099,864 | $64,650,005 | |
| MDT | Medtronic plc | +55,031 | 994,123 | $86,140,757 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WRB | Berkley W R Corp | −25,330 | 96,254 | $6,379,715 | |
| JCI | Johnson Controls International plc | −14,558 | 262,058 | $34,316,495 | |
| ACI | Albertsons Companies, Inc. | −14,508 | 151,046 | $2,573,823 | |
| BEN | Franklin Resources Inc | −12,393 | 114,869 | $2,713,205 | |
| FHN | First Horizon Corp | −4,749 | 205,887 | $4,685,988 | |
| PENN | PENN Entertainment, Inc. | −4,247 | 56,244 | $845,347 | |
| BIRK | Birkenstock Holding plc | −3,922 | 18,388 | $658,842 | |
| EQH | Equitable Holdings, Inc. | −3,711 | 122,268 | $4,537,365 | |
| PK | Park Hotels & Resorts Inc. | −3,010 | 79,267 | $834,681 | |
| BRBR | Bellring Brands, Inc. | −2,488 | 50,156 | $807,010 | |
| EQT | EQT Corp | −2,448 | 257,951 | $16,416,001 | |
| HPQ | Hp Inc | −1,987 | 393,203 | $7,553,429 | |
| C | Citigroup Inc | −1,557 | 742,054 | $84,156,344 | |
| APG | APi Group Corp | −1,459 | 152,912 | $6,195,994 | |
| RNG | RingCentral, Inc. | −1,432 | 32,116 | $1,194,394 | |
| ETSY | Etsy Inc | −1,311 | 39,793 | $1,988,854 | |
| KMPR | KEMPER Corp | −1,211 | 24,884 | $760,455 | |
| AIG | American International Group, Inc. | −1,125 | 230,941 | $17,378,310 | |
| HXL | Hexcel Corp /De/ | −918 | 32,233 | $2,608,616 | |
| KEY | Keycorp /New/ | −866 | 395,338 | $7,926,526 | |
| IT | Gartner Inc | −853 | 30,001 | $4,750,358 | |
| KMX | Carmax Inc | −815 | 60,612 | $2,520,246 | |
| YETI | YETI Holdings, Inc. | −719 | 33,196 | $1,214,641 | |
| BG | Bunge Global SA | −701 | 55,734 | $7,089,364 | |
| POST | Post Holdings, Inc. | −600 | 19,725 | $1,950,013 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
7 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| QGEN | Qiagen N.V. | 200,881 | $8,043,275 | |
| AMCR | Amcor plc | 197,343 | $7,844,384 | |
| MDLN | Medline Inc. | 138,750 | $6,174,375 | |
| PNFP | Pinnacle Financial Partners, Inc. | 63,772 | $5,493,320 | |
| VSNT | Versant Media Group, Inc. | 70,225 | $2,599,729 | |
| INGM | Ingram Micro Holding Corp | 8,782 | $204,708 | |
| CBC | Central Bancompany, Inc. | 8,389 | $200,916 | |
| No positions match the current search. | ||||
989 positions ·
$29,321,436,672 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 989 positions by value
· page 1 of 20
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Added | 10,995,140 | $1,917,552,416 | 6.54% | |
| AAPL |
Apple Inc.
Technology
|
Added | 6,781,124 | $1,720,981,459 | 5.87% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 3,531,845 | $1,307,383,063 | 4.46% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 4,811,413 | $1,002,072,985 | 3.42% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 2,805,763 | $806,825,208 | 2.75% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 2,394,010 | $740,970,035 | 2.53% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 1,146,732 | $656,079,779 | 2.24% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 1,416,440 | $526,561,570 | 1.80% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 789,648 | $378,399,321 | 1.29% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 398,759 | $366,766,565 | 1.25% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 1,442,664 | $352,644,788 | 1.20% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 1,163,056 | $342,124,552 | 1.17% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Added | 1,808,762 | $306,874,560 | 1.05% | |
| V |
Visa Inc.
Financial Services
|
Added | 979,147 | $295,937,389 | 1.01% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 1,648,446 | $238,101,540 | 0.81% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 1,862,671 | $231,492,751 | 0.79% | |
| MU |
Micron Technology Inc
Technology
|
Added | 665,929 | $224,977,453 | 0.77% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 433,380 | $216,542,650 | 0.74% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 2,708,172 | $210,127,065 | 0.72% | |
| NFLX |
Netflix Inc
Communication Services
|
Added | 2,176,036 | $209,225,861 | 0.71% | |
| LRCX |
Lam Research Corp
Technology
|
Added | 928,251 | $198,330,108 | 0.68% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 190,030 | $189,351,592 | 0.65% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Added | 3,780,999 | $184,323,701 | 0.63% | |
| AMAT |
Applied Materials Inc /De
Technology
|
Added | 506,699 | $173,184,651 | 0.59% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 785,972 | $170,941,050 | 0.58% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Added | 1,149,394 | $168,133,354 | 0.57% | |
| CVX |
Chevron Corp
Energy
|
Added | 802,096 | $165,953,662 | 0.57% | |
| ORCL |
Oracle Corp
Technology
|
Added | 980,664 | $144,265,481 | 0.49% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 198,238 | $140,443,693 | 0.48% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Added | 689,475 | $140,259,899 | 0.48% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 426,273 | $140,196,926 | 0.48% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 1,147,989 | $138,091,596 | 0.47% | |
| IBM |
International Business Machines Corp
Technology
|
Added | 565,175 | $136,992,768 | 0.47% | |
| GE |
General Electric Co
Industrials
|
Added | 457,940 | $129,949,633 | 0.44% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 468,876 | $126,873,156 | 0.43% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 1,664,948 | $126,619,295 | 0.43% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Added | 385,661 | $119,859,582 | 0.41% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Added | 721,110 | $119,228,327 | 0.41% | |
| ADI |
Analog Devices Inc
Technology
|
Added | 366,209 | $116,505,731 | 0.40% | |
| TXN |
Texas Instruments Inc
Technology
|
Added | 573,878 | $111,412,674 | 0.38% | |
| RTX |
RTX Corp
Industrials
|
Added | 572,793 | $110,491,769 | 0.38% | |
| GILD |
Gilead Sciences, Inc.
Healthcare
|
Added | 773,323 | $107,778,026 | 0.37% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Added | 125,802 | $106,427,233 | 0.36% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Added | 1,325,907 | $105,555,456 | 0.36% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 1,084,301 | $104,504,930 | 0.36% | |
| INTC |
Intel Corp
Technology
|
Added | 2,289,593 | $101,039,739 | 0.34% | |
| GEV |
GE Vernova Inc.
Industrials
|
Added | 115,587 | $100,895,892 | 0.34% | |
| LIN |
Linde PLC
Basic Materials
|
Added | 201,049 | $99,672,052 | 0.34% | |
| GD |
General Dynamics Corp
Industrials
|
Added | 289,397 | $99,326,838 | 0.34% | |
| AXP |
American Express Co
Financial Services
|
Added | 325,049 | $98,320,821 | 0.34% |