SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$12.1B
Q4 2019
Positions
1,001
Filings on Record
35
2019–present window
Filed
Feb 12, 2020
original filing

Summary

Treasurer Of The State Of North Carolina reported $12.1B in U.S.-listed holdings across 1,001 positions for Q4 2019.

Its largest position, AAPL, represents 4.9% of the portfolio.

Compared with Q3 2019, the fund opened 12 new positions and exited 11.

Portfolio Metrics

Turnover
+1.6%
vs prior filed quarter
Top-10 Concentration
+24.1%
share of reported value
Largest Position
+4.9%
Apple
New / Exited
12 / 11
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: 95.0%REIT: 3.1%Other: 1.8%ETP: 0.0%Tracking Stk: 0.0%Other: 0.0%
  • Common Stock · 95.0% · $11.5B
  • REIT · 3.1% · $370M
  • Other · 1.8% · $223M
  • ETP · 0.0% · $5M
  • Tracking Stk · 0.0% · $3M
  • Other · 0.0% · $954,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TFCTRUIST FINL CORPNEW+609.8K609.8K+$34M$34M
GENNORTONLIFELOCK INCNEW+305.7K305.7K+$8M$8M
DOCHEALTHPEAK PPTYS INCNEW+206.7K206.7K+$7M$7M
VIACOMCBS INCNEW+135.9K135.9K+$6M$6M
NVSTENVISTA HLDGS CORPNEW+34.7K34.7K+$1M$1M
PAGSPAGSEGURO DIGITAL LTDNEW+14.8K14.8K+$505,000$505,000
OIO-I GLASS INCNEW+37.4K37.4K+$446,000$446,000
DTDYNATRACE INCNEW+15.4K15.4K+$391,000$391,000

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

Holdings — Q4 2019

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.87%$587M2.00M
2MSFTMICROSOFT CORPhistory →COM4.42%$533M3.38M
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.97%$358M267.9K
4AMZNAMAZON COM INChistory →COM2.83%$342M185.2K
5METAFACEBOOK INChistory →CL A1.87%$226M1.10M
6BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.64%$198M874.4K
7JPMJPMORGAN CHASE & COhistory →COM1.62%$195M1.40M
8JNJJOHNSON & JOHNSONhistory →COM1.48%$179M1.23M
9VVISA INChistory →COM CL A1.19%$144M765.9K
10PGPROCTER & GAMBLE COhistory →COM1.18%$143M1.14M
11EXMOCEXXON MOBIL CORPhistory →COM1.09%$132M1.89M
12TAT&T INChistory →COM1.09%$132M3.38M
13BACBANK AMER CORPhistory →COM1.07%$129M3.66M
14UNHUNITEDHEALTH GROUP INChistory →COM1.06%$128M437.0K
15VZVERIZON COMMUNICATIONS INChistory →COM0.98%$118M1.93M
16MAMASTERCARD INChistory →CL A0.98%$118M396.3K
17DISDISNEY WALT COhistory →COM DISNEY0.97%$117M808.2K
18INTCINTEL CORPhistory →COM0.97%$117M1.95M
19HDHOME DEPOT INChistory →COM0.89%$108M492.7K
20MRKMERCK & CO INChistory →COM0.89%$107M1.18M
21CVXCHEVRON CORP NEWhistory →COM0.87%$105M868.4K
22PFEPFIZER INChistory →COM0.83%$101M2.57M
23KOCOCA COLA COhistory →COM0.81%$98M1.77M
24WFCWELLS FARGO CO NEWhistory →COM0.79%$95M1.76M
25CMCSACOMCAST CORP NEWhistory →CL A0.78%$94M2.08M
26CSCOCISCO SYS INChistory →COM0.76%$92M1.92M
27PEPPEPSICO INChistory →COM0.73%$89M647.6K
28CCITIGROUP INChistory →COM NEW0.65%$78M975.4K
29BABOEING COhistory →COM0.64%$77M236.6K
30WMTWALMART INChistory →COM0.62%$75M627.7K
31ADBEADOBE INChistory →COM0.59%$72M217.7K
32MDTMEDTRONIC PLChistory →SHS0.58%$70M620.6K
33BMYBRISTOL MYERS SQUIBB COhistory →COM0.57%$69M1.08M
34MCDMCDONALDS CORPhistory →COM0.57%$69M348.5K
35ABTABBOTT LABShistory →COM0.55%$67M769.8K
36AMGNAMGEN INChistory →COM0.54%$66M272.4K
37NVDANVIDIA CORPhistory →COM0.51%$61M260.8K
38NFLXNETFLIX INChistory →COM0.51%$61M189.6K
39ABBVABBVIE INChistory →COM0.50%$61M683.8K
40CRMSALESFORCE COM INChistory →COM0.50%$60M371.1K
41ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.50%$60M284.9K
42COSTCOSTCO WHSL CORP NEWhistory →COM0.49%$60M203.1K
43PMPHILIP MORRIS INTL INChistory →COM0.49%$59M694.7K
44TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.48%$58M178.2K
45NEENEXTERA ENERGY INChistory →COM0.47%$57M235.8K
46HONHONEYWELL INTL INChistory →COM0.47%$57M321.4K
47PYPLPAYPAL HLDGS INChistory →COM0.47%$57M525.2K
48NKENIKE INChistory →CL B0.47%$57M557.7K
49AVGOBROADCOM INChistory →COM0.47%$56M178.6K
50UNPUNION PACIFIC CORPhistory →COM0.46%$56M310.4K
51IBMINTERNATIONAL BUSINESS MACHShistory →COM0.45%$55M409.3K
52UTXZUNITED TECHNOLOGIES CORPhistory →COM0.45%$54M362.5K
53TXNTEXAS INSTRS INChistory →COM0.45%$54M419.1K
54LINDE PLCSHS0.44%$53M248.3K
55LLYLILLY ELI & COhistory →COM0.43%$52M393.2K
56ORCLORACLE CORPhistory →COM0.41%$49M928.3K
57QCOMQUALCOMM INChistory →COM0.40%$49M552.0K
58GENERAL ELECTRIC COCOM0.40%$48M4.31M
59AMTAMERICAN TOWER CORP NEWhistory →COM0.40%$48M208.8K
60SBUXSTARBUCKS CORPhistory →COM0.40%$48M545.4K
61CVSCVS HEALTH CORPhistory →COM0.37%$45M600.2K
62MMM3M COhistory →COM0.37%$44M250.4K
63LMTLOCKHEED MARTIN CORPhistory →COM0.36%$43M110.5K
64LOWLOWES COS INChistory →COM0.35%$43M356.2K
65DHRDANAHER CORPORATIONhistory →COM0.35%$42M275.4K
66MOALTRIA GROUP INChistory →COM0.35%$42M836.3K
67BKNGBOOKING HLDGS INChistory →COM0.33%$40M19.3K
68USBUS BANCORP DELhistory →COM NEW0.32%$39M661.5K
69GILDGILEAD SCIENCES INChistory →COM0.32%$38M589.6K
70FISFIDELITY NATL INFORMATION SVhistory →COM0.32%$38M273.9K
71AXPAMERICAN EXPRESS COhistory →COM0.31%$37M299.6K
72UPSUNITED PARCEL SERVICE INChistory →CL B0.30%$37M312.1K
73MDLZMONDELEZ INTL INChistory →CL A0.30%$36M657.1K
74ELVANTHEM INChistory →COM0.29%$35M117.3K
75CATCATERPILLAR INC DELhistory →COM0.29%$35M239.5K
76CICIGNA CORP NEWhistory →COM0.29%$35M169.5K
77CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.28%$34M70.9K
78TFCTRUIST FINL CORPhistory →COM0.28%$34M609.8K
79TJXTJX COS INC NEWhistory →COM0.28%$34M559.8K
80TSLATESLA INChistory →COM0.28%$34M80.4K
81ADPAUTOMATIC DATA PROCESSING INhistory →COM0.27%$33M194.5K
82CMECME GROUP INChistory →COM0.27%$33M164.6K
83COPCONOCOPHILLIPShistory →COM0.27%$33M507.8K
84GSGOLDMAN SACHS GROUP INChistory →COM0.27%$33M142.8K
85BDXBECTON DICKINSON & COhistory →COM0.27%$33M120.5K
86DDOMINION ENERGY INChistory →COM0.27%$32M389.8K
87CBCHUBB LIMITEDhistory →COM0.27%$32M207.4K
88SYKSTRYKER CORPhistory →COM0.27%$32M153.6K
89PNCPNC FINL SVCS GROUP INChistory →COM0.27%$32M201.7K
90ISRGINTUITIVE SURGICAL INChistory →COM NEW0.25%$30M51.2K
91TGTTARGET CORPhistory →COM0.25%$30M234.7K
92SPGIS&P GLOBAL INChistory →COM0.25%$30M109.9K
93BIIBBIOGEN INChistory →COM0.25%$30M100.6K
94DUKDUKE ENERGY CORP NEWhistory →COM NEW0.25%$30M325.5K
95SOSOUTHERN COhistory →COM0.25%$30M465.0K
96INTUINTUIThistory →COM0.24%$29M111.2K
97ZTSZOETIS INChistory →CL A0.23%$28M214.0K
98CCICROWN CASTLE INTL CORP NEWhistory →COM0.23%$28M197.6K
99BSXBOSTON SCIENTIFIC CORPhistory →COM0.23%$28M620.4K
100ALLERGAN PLCSHS0.23%$28M146.6K

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 ↗.