SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Treasurer of the State of North Carolina

CIK 0001761054 · 3200 ATLANTIC AVENUE, RALEIGH, NC, 27604 · 9198144330

Reported Value
$11.1B
Q3 2019
Positions
1,000
Filings on Record
35
2019–present window
Filed
Nov 7, 2019
original filing

Summary

Treasurer Of The State Of North Carolina reported $11.1B in U.S.-listed holdings across 1,000 positions for Q3 2019.

Its largest position, MSFT, represents 4.2% of the portfolio.

Compared with Q2 2019, the fund opened 11 new positions and exited 19.

Portfolio Metrics

Turnover
+0.4%
vs prior filed quarter
Top-10 Concentration
+22.9%
share of reported value
Largest Position
+4.2%
Microsoft
New / Exited
11 / 19
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $41MQ1 ’19Q3 ’19: $11.1BQ4 ’19: $12.1BQ1 ’20: $11.3BQ2 ’20: $12.1BQ2 ’20Q3 ’20: $13.2BQ4 ’20: $15.0BQ1 ’21: $15.9BQ2 ’21: $17.2BQ2 ’21Q3 ’21: $17.3BQ4 ’21: $18.9BQ1 ’22: $18.1BQ2 ’22: $15.8BQ2 ’22Q3 ’22: $15.1BQ4 ’22: $16.4BQ1 ’23: $17.6BQ2 ’23: $19.1BQ2 ’23Q3 ’23: $18.5BQ4 ’23: $20.7BQ1 ’24: $22.8BQ2 ’24: $23.6BQ2 ’24Q3 ’24: $25.0BQ4 ’24: $25.7BQ1 ’25: $25.1BQ2 ’25: $31.2BQ2 ’25Q3 ’25: $32.5BQ4 ’25: $31.2BQ1 ’26: $31.8Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.7%REIT: 3.3%Other: 2.0%ETP: 0.1%Tracking Stk: 0.0%Unit: 0.0%
  • Common Stock · 94.7% · $10.5B
  • REIT · 3.3% · $361M
  • Other · 2.0% · $220M
  • ETP · 0.1% · $6M
  • Tracking Stk · 0.0% · $2M
  • Unit · 0.0% · $657,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CIM COML TR CORPNEW+781.2K781.2K+$12M$12M
LHXL3HARRIS TECHNOLOGIES INCNEW+52.9K52.9K+$11M$11M
GLGLOBE LIFE INCNEW+25.9K25.9K+$2M$2M
OPTUALTICE USA INCNEW+80.4K80.4K+$2M$2M
TCFTCF FINANCIAL CORPORATION NENEW+36.6K36.6K+$1M$1M
XRXXEROX HOLDINGS CORPNEW+43.9K43.9K+$1M$1M
DBXDROPBOX INCNEW+50.6K50.6K+$1M$1M
SVCSERVICE PPTYS TRNEW+38.9K38.9K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM4.21%$465M3.35M
2AAPLAPPLE INChistory →COM4.09%$452M2.02M
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.95%$326M267.0K
4AMZNAMAZON COM INChistory →COM2.89%$319M183.8K
5METAFACEBOOK INChistory →CL A1.76%$194M1.09M
6BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.63%$180M865.6K
7JPMJPMORGAN CHASE & COhistory →COM1.50%$166M1.41M
8JNJJOHNSON & JOHNSONhistory →COM1.42%$157M1.22M
9PGPROCTER & GAMBLE COhistory →COM1.27%$141M1.13M
10VVISA INChistory →COM CL A1.20%$132M769.8K
11EXMOCEXXON MOBIL CORPhistory →COM1.20%$132M1.87M
12TAT&T INChistory →COM1.14%$127M3.34M
13VZVERIZON COMMUNICATIONS INChistory →COM1.04%$115M1.91M
14HDHOME DEPOT INChistory →COM1.02%$113M487.7K
15BACBANK AMER CORPhistory →COM0.99%$109M3.75M
16MAMASTERCARD INChistory →CL A0.98%$108M397.2K
17DISDISNEY WALT COhistory →COM DISNEY0.94%$104M800.7K
18CVXCHEVRON CORP NEWhistory →COM0.92%$102M856.6K
19INTCINTEL CORPhistory →COM0.92%$101M1.96M
20MRKMERCK & CO INChistory →COM0.90%$99M1.18M
21KOCOCA COLA COhistory →COM0.86%$96M1.76M
22UNHUNITEDHEALTH GROUP INChistory →COM0.85%$94M432.9K
23CSCOCISCO SYS INChistory →COM0.85%$94M1.90M
24CMCSACOMCAST CORP NEWhistory →CL A0.84%$93M2.06M
25WFCWELLS FARGO CO NEWhistory →COM0.83%$92M1.82M
26PFEPFIZER INChistory →COM0.83%$92M2.55M
27BABOEING COhistory →COM0.81%$89M234.2K
28PEPPEPSICO INChistory →COM0.80%$88M641.6K
29MCDMCDONALDS CORPhistory →COM0.68%$75M351.4K
30WMTWALMART INChistory →COM0.67%$74M621.4K
31CCITIGROUP INChistory →COM NEW0.62%$69M999.2K
32MDTMEDTRONIC PLChistory →SHS0.60%$67M614.8K
33ABTABBOTT LABShistory →COM0.58%$64M762.0K
34ADBEADOBE INChistory →COM0.54%$60M215.5K
35IBMINTERNATIONAL BUSINESS MACHShistory →COM0.53%$59M404.8K
36COSTCOSTCO WHSL CORP NEWhistory →COM0.52%$58M201.2K
37ORCLORACLE CORPhistory →COM0.50%$55M1.00M
38ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.49%$54M282.0K
39PYPLPAYPAL HLDGS INChistory →COM0.49%$54M519.9K
40HONHONEYWELL INTL INChistory →COM0.49%$54M318.2K
41CRMSALESFORCE COM INChistory →COM0.49%$54M362.7K
42TXNTEXAS INSTRS INChistory →COM0.48%$54M414.8K
43NEENEXTERA ENERGY INChistory →COM0.48%$53M228.6K
44PMPHILIP MORRIS INTL INChistory →COM0.47%$52M687.7K
45NKENIKE INChistory →CL B0.47%$52M555.3K
46AMGNAMGEN INChistory →COM0.47%$52M267.9K
47TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.46%$51M176.4K
48ABBVABBVIE INChistory →COM0.46%$51M677.4K
49UNPUNION PACIFIC CORPhistory →COM0.46%$51M313.3K
50NFLXNETFLIX INChistory →COM0.45%$50M187.9K
51UTXZUNITED TECHNOLOGIES CORPhistory →COM0.44%$49M358.9K
52AVGOBROADCOM INChistory →COM0.44%$49M177.0K
53SBUXSTARBUCKS CORPhistory →COM0.44%$48M547.6K
54LINDE PLCSHS0.43%$48M247.1K
55AMTAMERICAN TOWER CORP NEWhistory →COM0.41%$46M206.1K
56NVDANVIDIA CORPhistory →COM0.41%$45M258.2K
57QCOMQUALCOMM INChistory →COM0.40%$44M580.8K
58LLYLILLY ELI & COhistory →COM0.40%$44M393.8K
59LMTLOCKHEED MARTIN CORPhistory →COM0.39%$43M109.4K
60MMM3M COhistory →COM0.37%$41M247.5K
61DHRDANAHER CORPORATIONhistory →COM0.37%$41M281.6K
62LOWLOWES COS INChistory →COM0.35%$39M355.7K
63BKNGBOOKING HLDGS INChistory →COM0.34%$38M19.4K
64BMYBRISTOL MYERS SQUIBB COhistory →COM0.34%$38M752.0K
65GENERAL ELECTRIC COCOM0.34%$38M4.26M
66CVSCVS HEALTH CORPhistory →COM0.34%$38M594.6K
67UPSUNITED PARCEL SERVICE INChistory →CL B0.33%$37M309.0K
68GILDGILEAD SCIENCES INChistory →COM0.33%$37M584.0K
69USBUS BANCORP DELhistory →COM NEW0.33%$36M655.5K
70MDLZMONDELEZ INTL INChistory →CL A0.33%$36M651.0K
71FISFIDELITY NATL INFORMATION SVhistory →COM0.33%$36M270.9K
72AXPAMERICAN EXPRESS COhistory →COM0.32%$36M302.7K
73CMECME GROUP INChistory →COM0.31%$34M162.4K
74MOALTRIA GROUP INChistory →COM0.31%$34M827.8K
75CBCHUBB LIMITEDhistory →COM0.30%$34M207.5K
76SYKSTRYKER CORPhistory →COM0.30%$33M153.0K
77ADPAUTOMATIC DATA PROCESSING INhistory →COM0.28%$31M192.5K
78TJXTJX COS INC NEWhistory →COM0.28%$31M554.5K
79DUKDUKE ENERGY CORP NEWhistory →COM NEW0.28%$31M322.2K
80CELGCELGENE CORPhistory →COM0.28%$31M310.9K
81DDOMINION ENERGY INChistory →COM0.28%$31M377.7K
82CATCATERPILLAR INC DELhistory →COM0.28%$30M241.4K
83BDXBECTON DICKINSON & COhistory →COM0.27%$30M120.1K
84CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.27%$30M73.1K
85GSGOLDMAN SACHS GROUP INChistory →COM0.27%$30M144.0K
86INTUINTUIThistory →COM0.26%$29M110.1K
87COPCONOCOPHILLIPShistory →COM0.26%$29M508.9K
88PNCPNC FINL SVCS GROUP INChistory →COM0.26%$28M203.1K
89SOSOUTHERN COhistory →COM0.26%$28M460.3K
90CLCOLGATE PALMOLIVE COhistory →COM0.26%$28M385.2K
91ELVANTHEM INChistory →COM0.26%$28M117.8K
92ISRGINTUITIVE SURGICAL INChistory →COM NEW0.25%$27M50.7K
93CCICROWN CASTLE INTL CORP NEWhistory →COM0.25%$27M196.5K
94SPGIS&P GLOBAL INChistory →COM0.24%$27M108.8K
95ZTSZOETIS INChistory →CL A0.24%$26M211.8K
96NOCNORTHROP GRUMMAN CORPhistory →COM0.24%$26M70.0K
97CICIGNA CORP NEWhistory →COM0.23%$26M170.6K
98BSXBOSTON SCIENTIFIC CORPhistory →COM0.23%$25M614.2K
99TGTTARGET CORPhistory →COM0.22%$25M230.4K
100PLDPROLOGIS INChistory →COM0.22%$24M287.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$31.8B1,006May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$31.2B1,010Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$32.5B1,010Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$31.2B1,015Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$25.1B1,007May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$25.7B1,013Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$25.0B1,021Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$23.6B1,020Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$22.8B1,011May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$20.7B1,016May 9, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2023$18.5B1,015Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$19.1B1,014Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$17.6B1,014May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022$16.4B1,016Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$15.1B1,027Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$15.8B1,030Aug 2, 202213F-HRchanges · EDGAR ↗
Q1 2022$18.1B1,029May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$18.9B1,038Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$17.3B1,033Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$17.2B1,033Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$15.9B1,034May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$15.0B1,030Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$13.2B1,020Nov 4, 202013F-HRchanges · EDGAR ↗
Q2 2020$12.1B1,009Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$11.3B1,001May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$12.1B1,001Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$11.1B1,000Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019Under review1,008Aug 23, 201913F-HRchanges · EDGAR ↗
Q1 2019$41M90May 6, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.