Treasurer of the State of North Carolina
Filing Date
Global Rank
#222
/ 8,830
▲ 5
Top Industry
Semiconductors
14.5%
Period ended 4 months ago
Filed Aug 14, 2026 · 3mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Unknown
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Index-like
Active share 15.1% against the Russell 1000 as of 2026-06-30, across 1,077 stocks (index-like at 20% or less with 100+ stocks)
Turnover
Low turnover
6.9% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 22.9 quarters (12+), a floor since 81.9% of the book was already held when coverage starts
Closest benchmark: the Russell 1000 as of 2026-06-30, active share 15.1%; sector active share 7.7% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
1,096 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
5.6%
−0.5 pts
Top 5
24.1%
−0.8 pts
Top 10
34.4%
−0.9 pts
HHI
162
Diversified−8
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 33.5% | $12,999,147,680 |
| Financial Services | 11.5% | $4,445,055,505 |
| Industrials | 9.1% | $3,542,646,876 |
| Consumer Cyclical | 8.7% | $3,377,777,714 |
| Communication Services | 8.3% | $3,235,710,536 |
| Healthcare | 8.1% | $3,148,122,255 |
| Unclassified | 7.6% | $2,939,399,888 |
| Consumer Defensive | 3.8% | $1,486,327,543 |
| Energy | 3.0% | $1,155,644,679 |
| Utilities | 2.6% | $1,003,016,961 |
| Real Estate | 2.0% | $770,921,625 |
| Basic Materials | 1.8% | $700,541,641 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| KLAC | Kla Corp | +799,697 | 909,230 | $274,323,783 | |
| VTRS | Viatris Inc | +788,520 | 1,282,816 | $20,371,118 | |
| — | +642,760 | 695,304 | $36,121,042 | ||
| NNN | Nnn REIT, Inc. | +612,930 | 848,251 | $39,469,119 | |
| FAST | Fastenal Co | +466,460 | 1,083,641 | $52,047,277 | |
| AEE | Ameren Corp | +461,156 | 600,117 | $67,837,225 | |
| SCHW | Schwab Charles Corp | +327,600 | 1,042,577 | $96,198,579 | |
| FHB | First Hawaiian, Inc. | +316,730 | 369,493 | $10,826,144 | |
| BKNG | Booking Holdings Inc. | +315,262 | 329,765 | $58,777,313 | |
| KMI | Kinder Morgan, Inc. | +314,024 | 1,146,567 | $36,655,746 | |
| SCI | Service Corp International | +297,140 | 355,518 | $27,005,147 | |
| ACGL | Arch Capital Group Ltd. | +292,110 | 659,267 | $63,988,455 | |
| LBTYA | Liberty Global Ltd. | +284,230 | 395,309 | $4,494,663 | |
| GLPI | Gaming & Leisure Properties, Inc. | +241,300 | 591,493 | $26,339,183 | |
| CVNA | Carvana Co. | +237,406 | 295,280 | $19,435,329 | |
| AM | Antero Midstream Corp | +234,721 | 377,895 | $8,597,111 | |
| DOV | DOVER Corp | +211,220 | 269,270 | $60,391,875 | |
| APH | Amphenol Corp | +199,970 | 722,366 | $127,367,573 | |
| PCG | PG&E Corp | +193,227 | 1,131,843 | $19,037,599 | |
| DUK | Duke Energy CORP | +183,976 | 810,189 | $102,553,723 | |
| CRH | Crh Public Ltd Co | +183,202 | 548,316 | $58,669,812 | |
| MRK | Merck & Co., Inc. | +178,160 | 1,326,149 | $170,410,146 | |
| WMB | Williams Companies, Inc. | +171,843 | 693,256 | $51,536,651 | |
| SNDR | Schneider National, Inc. | +167,474 | 187,157 | $6,836,845 | |
| SSNC | SS&C Technologies Holdings Inc | +165,550 | 687,825 | $42,679,541 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PFE | Pfizer Inc | −563,185 | 2,425,453 | $58,404,908 | |
| XEL | Xcel Energy Inc | −369,340 | 319,749 | $25,675,844 | |
| — | −240,446 | 1,024,791 | $27,320,928 | ||
| DOX | Amdocs Ltd | −226,413 | 45,026 | $2,275,614 | |
| UBER | Uber Technologies, Inc | −218,760 | 834,505 | $60,217,880 | |
| ETR | Entergy Corp | −213,102 | 641,821 | $73,719,560 | |
| TIGO | Millicom International Cellular SA | −208,958 | 38,499 | $3,494,169 | |
| CTVA | Corteva, Inc. | −204,369 | 286,271 | $24,244,290 | |
| FLEX | Flex Ltd. | −203,030 | 320,331 | $51,916,045 | |
| L | Loews Corp | −196,340 | 76,324 | $8,640,640 | |
| FTNT | Fortinet, Inc. | −192,768 | 258,176 | $39,660,997 | |
| NVDA | Nvidia Corp | −191,567 | 10,803,573 | $2,161,686,921 | |
| ABT | Abbott Laboratories | −181,024 | 738,139 | $66,978,732 | |
| ROL | Rollins Inc | −174,632 | 126,581 | $5,283,490 | |
| DBX | Dropbox, Inc. | −164,590 | 282,672 | $7,764,999 | |
| PYPL | PayPal Holdings, Inc. | −163,170 | 490,300 | $21,171,154 | |
| MNST | Monster Beverage Corp | −147,545 | 298,602 | $28,701,624 | |
| LRCX | Lam Research Corp | −147,380 | 780,871 | $338,374,830 | |
| ADT | ADT Inc. | −146,260 | 322,570 | $2,096,705 | |
| CME | Cme Group Inc. | −140,216 | 153,918 | $33,989,711 | |
| ELAN | Elanco Animal Health Inc | −137,710 | 468,460 | $11,528,800 | |
| PNR | PENTAIR plc | −136,991 | 222,470 | $17,054,550 | |
| HON | Honeywell International Inc | −135,722 | 136,541 | $30,571,529 | |
| RSG | Republic Services, Inc. | −123,606 | 84,756 | $18,059,808 | |
| UAL | United Airlines Holdings, Inc. | −121,490 | 170,832 | $23,231,443 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| VRP | Invesco Ltd. | 14,378,855 | $349,549,965 | |
| PFXF | VanEck Preferred Securities ex Financials ETF | 9,351,150 | $166,824,516 | |
| IFRA | iShares U.S. Infrastructure ETF | 2,520,711 | $158,905,621 | |
| MLPX | Global X MLP and Energy Infrastructure ETF | 2,139,399 | $157,588,130 | |
| POWR | iShares U.S. Power Infrastructure ETF | 3,725,393 | $104,161,988 | |
| VGLT | VANGUARD LONG-TERM TREASURY INDEX FUND | 1,823,145 | $100,601,141 | |
| COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | 2,946,685 | $89,490,823 | |
| EXI | iShares Global Industrials ETF | 388,830 | $77,960,415 | |
| PAVE | Global X U.S. Infrastructure Development ETF | 904,346 | $53,284,066 | |
| UTES | Virtus Reaves Utilities ETF | 623,863 | $50,994,561 | |
| GRID | First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 259,526 | $49,764,110 | |
| — | 298,349 | $46,023,316 | ||
| SPCX | Space Exploration Technologies Corp | 225,370 | $38,506,718 | |
| BE | Bloom Energy Corp | 114,330 | $34,607,691 | |
| HONA | Honeywell Aerospace Inc. | 136,541 | $30,186,484 | |
| IGF | iShares Global Infrastructure ETF | 372,227 | $24,790,318 | |
| IXC | iShares Global Energy ETF | 463,585 | $22,775,931 | |
| SETM | Sprott Funds Trust | 642,839 | $20,030,863 | |
| CRDO | Credo Technology Group Holding Ltd | 70,170 | $19,082,731 | |
| ENB | Enbridge Inc | 293,532 | $15,912,369 | |
| CRWV | CoreWeave, Inc. | 148,160 | $14,747,846 | |
| STRL | Sterling Infrastructure, Inc. | 16,965 | $14,239,742 | |
| TRP | Tc Energy Corp | 214,533 | $14,221,392 | |
| SUNB | Sunbelt Rentals Holdings, Inc. | 174,730 | $13,071,551 | |
| ET | Energy Transfer LP | 545,081 | $10,421,948 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TDC | Teradata Corp | 136,621 | $3,501,596 | |
| ASH | Ashland Inc. | 19,401 | $1,078,889 | |
| HIW | Highwoods Properties, Inc. | 46,260 | $990,426 | |
| XRAY | DENTSPLY SIRONA Inc. | 85,246 | $988,853 | |
| HOG | Harley-Davidson, Inc. | 47,711 | $964,716 | |
| HUN | Huntsman CORP | 70,354 | $936,411 | |
| SRPT | Sarepta Therapeutics, Inc. | 42,340 | $921,318 | |
| FMC | Fmc Corp | 53,117 | $914,674 | |
| RH | Rh | 6,536 | $913,863 | |
| ACHC | Acadia Healthcare Company, Inc. | 38,953 | $911,110 | |
| DXC | DXC Technology Co | 72,020 | $905,291 | |
| GLOB | Globant S.A. | 18,483 | $852,251 | |
| CXT | Crane NXT, Co. | 20,961 | $850,806 | |
| PENN | PENN Entertainment, Inc. | 56,244 | $845,347 | |
| PK | Park Hotels & Resorts Inc. | 79,267 | $834,681 | |
| RARE | Ultragenyx Pharmaceutical Inc. | 39,466 | $826,812 | |
| BRBR | Bellring Brands, Inc. | 50,156 | $807,010 | |
| SAM | Boston Beer Co Inc | 3,307 | $761,932 | |
| KMPR | KEMPER Corp | 24,884 | $760,455 | |
| NCNO | nCino, Inc. | 47,528 | $711,969 | |
| GTM | ZoomInfo Technologies Inc. | 111,049 | $664,073 | |
| FLO | Flowers Foods Inc | 79,924 | $651,380 | |
| DJT | Trump Media & Technology Group Corp. | 68,664 | $637,201 | |
| INSP | Inspire Medical Systems, Inc. | 12,263 | $632,525 | |
| PRGO | PERRIGO Co plc | 58,314 | $626,292 | |
| No positions match the current search. | ||||
1,096 tracked positions ·
$38,804,312,903 total
· filing declares
1,096 positions · $38,809,898
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 1,096 positions by value
· page 1 of 22
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Reduced | 10,803,573 | $2,161,686,921 | 5.57% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 6,775,147 | $1,960,456,535 | 5.05% | |
| IWM |
iShares Russell 2000 ETF
|
Added | 5,928,226 | $1,781,135,501 | 4.59% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 3,656,121 | $1,363,806,255 | 3.51% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 4,847,545 | $1,155,363,875 | 2.98% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 2,775,443 | $991,860,064 | 2.56% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 2,392,600 | $903,804,650 | 2.33% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Reduced | 2,234,573 | $789,541,678 | 2.03% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 584,404 | $674,571,693 | 1.74% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 1,161,273 | $654,133,468 | 1.69% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 1,452,800 | $611,047,680 | 1.57% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 393,599 | $472,094,487 | 1.22% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Added | 692,875 | $402,498,016 | 1.04% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 793,258 | $396,938,370 | 1.02% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 1,138,956 | $372,814,467 | 0.96% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 1,442,314 | $366,304,486 | 0.94% | |
| VRP |
Invesco Ltd.
Financial Services
|
NEW | 14,378,855 | $349,549,965 | 0.90% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 780,871 | $338,374,830 | 0.87% | |
| AMAT |
Applied Materials Inc
Technology
|
Reduced | 458,159 | $331,248,957 | 0.85% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 2,695,652 | $316,631,283 | 0.82% | |
| INTC |
Intel Corp
Technology
|
Reduced | 2,244,943 | $313,461,391 | 0.81% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 887,627 | $304,535,947 | 0.78% | |
| KLAC |
Kla Corp
Technology
|
Added | 909,230 | $274,323,783 | 0.71% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 1,772,742 | $242,369,286 | 0.62% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 1,641,626 | $240,728,036 | 0.62% | |
| BAC |
Bank Of America Corp
Financial Services
|
Reduced | 3,750,692 | $213,714,430 | 0.55% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 199,374 | $212,313,372 | 0.55% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 1,869,761 | $211,769,130 | 0.55% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 754,175 | $189,780,597 | 0.49% | |
| TXN |
Texas Instruments Inc
Technology
|
Added | 616,404 | $183,731,540 | 0.47% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Reduced | 189,040 | $176,841,248 | 0.46% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 344,094 | $176,726,678 | 0.46% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 1,326,149 | $170,410,146 | 0.44% | |
| PFXF |
VanEck Preferred Securities ex Financials ETF
|
NEW | 9,351,150 | $166,824,516 | 0.43% | |
| SNDK |
Sandisk Corp
Technology
|
Reduced | 72,631 | $165,143,283 | 0.43% | |
| GE |
General Electric Co
Industrials
|
Reduced | 439,973 | $164,431,109 | 0.42% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 384,640 | $159,867,923 | 0.41% | |
| IFRA |
iShares U.S. Infrastructure ETF
|
NEW | 2,520,711 | $158,905,621 | 0.41% | |
| MLPX |
Global X MLP and Energy Infrastructure ETF
|
NEW | 2,139,399 | $157,588,130 | 0.41% | |
| NFLX |
Netflix Inc
Communication Services
|
Reduced | 2,134,636 | $152,413,010 | 0.39% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 424,903 | $149,854,790 | 0.39% | |
| GEV |
GE Vernova Inc.
Industrials
|
Added | 124,495 | $146,264,195 | 0.38% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 519,545 | $146,101,249 | 0.38% | |
| ADI |
Analog Devices Inc
Technology
|
Added | 367,029 | $145,772,907 | 0.38% | |
| ORCL |
Oracle Corp
Technology
|
Added | 992,264 | $145,416,289 | 0.37% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Added | 1,164,554 | $135,868,515 | 0.35% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 1,655,588 | $134,549,636 | 0.35% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 790,306 | $131,001,122 | 0.34% | |
| APH |
Amphenol Corp
Technology
|
Added | 722,366 | $127,367,573 | 0.33% | |
| QCOM |
Qualcomm Inc
Technology
|
Reduced | 682,042 | $126,034,541 | 0.32% |
Showing the top 50 of 1,096 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.