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Treasurer of the State of North Carolina — 13F Holdings & Portfolio

CIK 1761054 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Treasurer of the State of North Carolina manages $38.81B in 13F-reported U.S. long-equity assets across 1,096 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (5.57%), AAPL (5.05%), IWM (4.59%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 137 new positions and exited 47; 566 existing positions rose in reported value and 236 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$38.81B

Long-equity book

Holdings
1,096

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+137 / −47 / ↑566 / ↓236

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NVDA5.6% · -2%AAPL5.1% · -0%IWM4.6% · +0%MSFT3.5% · +4%AMZN3.0% · +1%GOOGL2.6% · -1%AVGO2.3% · -0%GOOG2.0% · -1%MU1.7% · -12%META1.7% · +1%TSLA1.6% · +3%LLY1.2% · -1%AMD1.0% · +0%BRK.B1.0% · +0%JPM1.0% · -2%JNJ0.9% · -0%VRP0.9% · newLRCX0.9% · -16%AMAT0.9% · -10%CSCO0.8% · -0%INTC0.8% · -2%V0.8% · -9%KLAC0.7% · +730%XOM0.6% · -2%PG0.6% · -0%BAC0.6% · -1%CAT0.5% · +1%WMT0.5% · +0%ABBV0.5% · -4%TXN0.5% · +7%COST0.5% · -0%MA0.5% · -21%MRK0.4% · +16%PFXF0.4% · newSNDK0.4% · -2%GE0.4% · -4%UNH0.4% · -18%IFRA0.4% · newMLPX0.4% · newNFLX0.4% · -2%HD0.4% · -0%GEV0.4% · +8%IBM0.4% · -8%ADI0.4% · +0%ORCL0.4% · +1%PLTR0.3% · +1%KO0.3% · -1%CVX0.3% · -2%APH0.3% · +38%QCOM0.3% · -10%GS0.3% · -2%PM0.3% · -8%PANW0.3% · -21%AXP0.3% · +5%MCD0.3% · +8%ANET0.3% · +18%MRVL0.3% · +2%WDC0.3% · -6%RTX0.3% · +0%WFC0.3% · -2%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 32%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 566 →

Top Trims

Show all 236 →

New Positions

Show all 137 →

Exited Positions

Show all 47 →

Treasurer of the State of North Carolina Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $2.16B 5.57% 10,803,573 SH
2 APPLE INC AAPL 037833100 $1.96B 5.05% 6,775,147 SH
3 ISHARES TR IWM 464287655 $1.78B 4.59% 5,928,226 SH
4 MICROSOFT CORP MSFT 594918104 $1.36B 3.51% 3,656,121 SH
5 AMAZON COM INC AMZN 023135106 $1.16B 2.98% 4,847,545 SH
6 ALPHABET INC GOOGL 02079K305 $991.9M 2.56% 2,775,443 SH
7 BROADCOM INC AVGO 11135F101 $903.8M 2.33% 2,392,600 SH
8 ALPHABET INC GOOG 02079K107 $789.5M 2.03% 2,234,573 SH
9 MICRON TECHNOLOGY INC MU 595112103 $674.6M 1.74% 584,404 SH
10 META PLATFORMS INC META 30303M102 $654.1M 1.69% 1,161,273 SH
11 TESLA INC TSLA 88160R101 $611.0M 1.57% 1,452,800 SH
12 ELI LILLY & CO LLY 532457108 $472.1M 1.22% 393,599 SH
13 ADVANCED MICRO DEVICES INC AMD 007903107 $402.5M 1.04% 692,875 SH
14 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $396.9M 1.02% 793,258 SH
15 JPMORGAN CHASE & CO JPM 46625H100 $372.8M 0.96% 1,138,956 SH
16 JOHNSON & JOHNSON JNJ 478160104 $366.3M 0.94% 1,442,314 SH
17 INVESCO EXCH TRADED FD TR II VRP 46138G870 $349.6M 0.90% 14,378,855 SH
18 LAM RESEARCH CORP LRCX 512807306 $338.4M 0.87% 780,871 SH
19 APPLIED MATLS INC AMAT 038222105 $331.2M 0.85% 458,159 SH
20 CISCO SYS INC CSCO 17275R102 $316.6M 0.82% 2,695,652 SH
21 INTEL CORP INTC 458140100 $313.5M 0.81% 2,244,943 SH
22 VISA INC V 92826C839 $304.5M 0.78% 887,627 SH
23 KLA CORP KLAC 482480100 $274.3M 0.71% 909,230 SH
24 EXXON MOBIL CORP XOM 30231G102 $242.4M 0.62% 1,772,742 SH
25 PROCTER & GAMBLE CO PG 742718109 $240.7M 0.62% 1,641,626 SH
26 BANK OF AMER CORP BAC 060505104 $213.7M 0.55% 3,750,692 SH
27 CATERPILLAR INC CAT 149123101 $212.3M 0.55% 199,374 SH
28 WALMART INC WMT 931142103 $211.8M 0.55% 1,869,761 SH
29 ABBVIE INC ABBV 00287Y109 $189.8M 0.49% 754,175 SH
30 TEXAS INSTRS INC TXN 882508104 $183.7M 0.47% 616,404 SH
31 COSTCO WHOLESALE CORPORATION COST 22160K105 $176.8M 0.46% 189,040 SH
32 MASTERCARD INCORPORATED MA 57636Q104 $176.7M 0.46% 344,094 SH
33 MERCK & CO INC MRK 58933Y105 $170.4M 0.44% 1,326,149 SH
34 VANECK ETF TRUST PFXF 92189F429 $166.8M 0.43% 9,351,150 SH
35 SANDISK CORP SNDK 80004C200 $165.1M 0.43% 72,631 SH
36 GE AEROSPACE GE 369604301 $164.4M 0.42% 439,973 SH
37 UNITEDHEALTH GROUP INC UNH 91324P102 $159.9M 0.41% 384,640 SH
38 ISHARES TR IFRA 46435U713 $158.9M 0.41% 2,520,711 SH
39 GLOBAL X FDS MLPX 37954Y293 $157.6M 0.41% 2,139,399 SH
40 NETFLIX INC. NFLX 64110L106 $152.4M 0.39% 2,134,636 SH
41 HOME DEPOT INC HD 437076102 $149.9M 0.39% 424,903 SH
42 GE VERNOVA INC GEV 36828A101 $146.3M 0.38% 124,495 SH
43 INTERNATIONAL BUSINESS MACHS IBM 459200101 $146.1M 0.38% 519,545 SH
44 ANALOG DEVICES INC ADI 032654105 $145.8M 0.38% 367,029 SH
45 ORACLE CORP ORCL 68389X105 $145.4M 0.37% 992,264 SH
46 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $135.9M 0.35% 1,164,554 SH
47 COCA COLA CO KO 191216100 $134.6M 0.35% 1,655,588 SH
48 CHEVRON CORPORATION CVX 166764100 $131.0M 0.34% 790,306 SH
49 AMPHENOL CORP APH 032095101 $127.4M 0.33% 722,366 SH
50 QUALCOMM INC QCOM 747525103 $126.0M 0.32% 682,042 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $38.81B 1,096 0001761054-26-000004
2026-03-31 2026-05-14 $31.79B 1,006 0001761054-26-000003
2025-12-31 2026-02-13 $31.21B 1,010 0001761054-26-000002
2025-09-30 2025-11-13 $32.48B 1,010 0001761054-25-000010
Filer Information
Address
3200 ATLANTIC AVENUE
RALEIGH, NC 27604
Phone
(919) 814-4330
Filing Manager
Treasurer of the State of North Carolina
RALEIGH, NC
Signatory
Deana Moore-Solomon
Investment Compliance Analyst