SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$11.3B
Q1 2020
Positions
1,001
Filings on Record
35
2019–present window
Filed
May 13, 2020
original filing

Summary

Treasurer Of The State Of North Carolina reported $11.3B in U.S.-listed holdings across 1,001 positions for Q1 2020.

Its largest position, MSFT, represents 5.1% of the portfolio.

Compared with Q4 2019, the fund opened 9 new positions and exited 9.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+24.5%
share of reported value
Largest Position
+5.1%
Microsoft
New / Exited
9 / 9
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: 94.6%REIT: 3.5%Other: 1.8%Tracking Stk: 0.0%ETP: 0.0%Other: 0.0%
  • Common Stock · 94.6% · $10.6B
  • REIT · 3.5% · $397M
  • Other · 1.8% · $204M
  • Tracking Stk · 0.0% · $3M
  • ETP · 0.0% · $1M
  • Other · 0.0% · $805,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TTTRANE TECHNOLOGIES PLCNEW+98.3K98.3K+$8M$8M
WTRGESSENTIAL UTILS INCNEW+146.6K146.6K+$6M$6M
IRINGERSOLL RAND INCNEW+142.2K142.2K+$4M$4M
EQHEQUITABLE HLDGS INCNEW+171.2K171.2K+$2M$2M
ADPTADAPTIVE BIOTECHNOLOGIES CORNEW+27.5K27.5K+$765,000$765,000
REYNREYNOLDS CONSUMER PRODS INCNEW+19.5K19.5K+$570,000$570,000
MDLAMEDALLIA INCNEW+27.9K27.9K+$559,000$559,000
PPD INCNEW+28.1K28.1K+$500,000$500,000

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

Holdings — Q1 2020

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.10%$575M3.64M
2AAPLAPPLE INChistory →COM4.52%$508M2.00M
3AMZNAMAZON COM INChistory →COM3.49%$393M201.7K
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.98%$336M288.6K
5METAFACEBOOK INChistory →CL A1.75%$197M1.18M
6JNJJOHNSON & JOHNSONhistory →COM1.54%$173M1.32M
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.53%$172M942.2K
8JPMJPMORGAN CHASE & COhistory →COM1.21%$136M1.51M
9PGPROCTER & GAMBLE COhistory →COM1.18%$133M1.21M
10VVISA INChistory →COM CL A1.18%$133M825.3K
11UNHUNITEDHEALTH GROUP INChistory →COM1.04%$117M469.9K
12INTCINTEL CORPhistory →COM0.99%$112M2.07M
13VZVERIZON COMMUNICATIONS INChistory →COM0.99%$111M2.07M
14TAT&T INChistory →COM0.94%$106M3.63M
15MAMASTERCARD INChistory →CL A0.92%$103M427.0K
16HDHOME DEPOT INChistory →COM0.87%$98M525.1K
17MRKMERCK & CO. INChistory →COM0.87%$97M1.27M
18PFEPFIZER INChistory →COM0.80%$90M2.77M
19KOCOCA COLA COhistory →COM0.75%$84M1.91M
20DISDISNEY WALT COhistory →COM DISNEY0.75%$84M869.0K
21PEPPEPSICO INChistory →COM0.74%$84M696.4K
22BACBK OF AMERICA CORPhistory →COM0.73%$82M3.87M
23CSCOCISCO SYS INChistory →COM0.72%$81M2.06M
24EXMOCEXXON MOBIL CORPhistory →COM0.69%$77M2.04M
25CMCSACOMCAST CORP NEWhistory →CL A0.68%$77M2.24M
26NFLXNETFLIX INChistory →COM0.68%$77M204.2K
27WMTWALMART INChistory →COM0.68%$76M669.3K
28NVDANVIDIA CORPhistory →COM0.66%$74M281.0K
29ADBEADOBE INChistory →COM0.66%$74M231.7K
30CVXCHEVRON CORP NEWhistory →COM0.60%$68M934.6K
31ABTABBOTT LABShistory →COM0.58%$65M829.4K
32BMYBRISTOL-MYERS SQUIBB COhistory →COM0.58%$65M1.16M
33COSTCOSTCO WHSL CORP NEWhistory →COM0.55%$62M218.4K
34MCDMCDONALDS CORPhistory →COM0.55%$62M374.7K
35NEENEXTERA ENERGY INChistory →COM0.54%$61M252.9K
36MDTMEDTRONIC PLChistory →SHS0.53%$60M667.3K
37LLYLILLY ELI & COhistory →COM0.52%$59M422.8K
38AMGNAMGEN INChistory →COM0.52%$58M288.4K
39CRMSALESFORCE COM INChistory →COM0.52%$58M404.4K
40ABBVABBVIE INChistory →COM0.50%$56M735.3K
41PMPHILIP MORRIS INTL INChistory →COM0.49%$55M748.6K
42TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.48%$54M192.0K
43PYPLPAYPAL HLDGS INChistory →COM0.48%$54M565.9K
44WFCWELLS FARGO CO NEWhistory →COM0.47%$53M1.85M
45ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.45%$50M307.0K
46IBMINTERNATIONAL BUSINESS MACHShistory →COM0.43%$49M440.2K
47AMTAMERICAN TOWER CORP NEWhistory →COM0.43%$49M224.1K
48GILDGILEAD SCIENCES INChistory →COM0.42%$47M634.0K
49ORCLORACLE CORPhistory →COM0.42%$47M977.1K
50UNPUNION PAC CORPhistory →COM0.42%$47M334.5K
51NKENIKE INChistory →CL B0.42%$47M569.6K
52HONHONEYWELL INTL INChistory →COM0.41%$46M346.3K
53LINDE PLCSHS0.41%$46M267.0K
54AVGOBROADCOM INChistory →COM0.40%$46M192.1K
55TSLATESLA INChistory →COM0.40%$45M86.5K
56TXNTEXAS INSTRS INChistory →COM0.40%$45M451.6K
57CCITIGROUP INChistory →COM NEW0.38%$43M1.02M
58DHRDANAHER CORPORATIONhistory →COM0.36%$41M296.7K
59LMTLOCKHEED MARTIN CORPhistory →COM0.36%$40M119.1K
60QCOMQUALCOMM INChistory →COM0.36%$40M592.0K
61SBUXSTARBUCKS CORPhistory →COM0.34%$39M586.5K
62CVSCVS HEALTH CORPhistory →COM0.34%$38M645.4K
63BABOEING COhistory →COM0.34%$38M254.9K
64UTXZUNITED TECHNOLOGIES CORPhistory →COM0.33%$37M390.6K
65MMM3M COhistory →COM0.33%$37M269.8K
66GENERAL ELECTRIC COCOM0.33%$37M4.61M
67FISFIDELITY NATL INFORMATION SVhistory →COM0.32%$36M295.1K
68MDLZMONDELEZ INTL INChistory →CL A0.31%$35M706.6K
69MOALTRIA GROUP INChistory →COM0.31%$35M901.1K
70LOWLOWES COS INChistory →COM0.29%$33M383.1K
71BIIBBIOGEN INChistory →COM0.29%$33M104.0K
72CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.29%$33M74.6K
73CICIGNA CORP NEWhistory →COM0.29%$32M182.3K
74UPSUNITED PARCEL SERVICE INChistory →CL B0.28%$31M336.3K
75CCICROWN CASTLE INTL CORP NEWhistory →COM0.27%$31M212.1K
76CMECME GROUP INChistory →COM0.27%$31M176.9K
77DDOMINION ENERGY INChistory →COM0.27%$30M418.5K
78CATCATERPILLAR INC DELhistory →COM0.27%$30M258.1K
79BDXBECTON DICKINSON & COhistory →COM0.27%$30M129.8K
80VRTXVERTEX PHARMACEUTICALS INChistory →COM0.26%$30M125.0K
81PLDPROLOGIS INC.history →COM0.26%$29M362.5K
82SPGIS&P GLOBAL INChistory →COM0.26%$29M118.4K
83TJXTJX COS INC NEWhistory →COM0.26%$29M602.1K
84ADPAUTOMATIC DATA PROCESSING INhistory →COM0.25%$29M209.5K
85ELVANTHEM INChistory →COM0.25%$29M126.1K
86DUKDUKE ENERGY CORP NEWhistory →COM NEW0.25%$28M350.8K
87ALLERGAN PLCSHS0.25%$28M157.9K
88BKNGBOOKING HLDGS INChistory →COM0.25%$28M20.8K
89CLCOLGATE PALMOLIVE COhistory →COM0.25%$28M418.1K
90INTUINTUIThistory →COM0.24%$28M119.9K
91SYKSTRYKER CORPhistory →COM0.24%$28M165.5K
92ISRGINTUITIVE SURGICAL INChistory →COM NEW0.24%$27M55.2K
93AXPAMERICAN EXPRESS COhistory →COM0.24%$27M318.8K
94ZTSZOETIS INChistory →CL A0.24%$27M230.6K
95SOSOUTHERN COhistory →COM0.24%$27M501.0K
96EQIXEQUINIX INChistory →COM0.23%$26M42.3K
97NOWSERVICENOW INChistory →COM0.23%$26M89.7K
98BLACKROCK INCCOM0.22%$25M57.0K
99CBCHUBB LIMITEDhistory →COM0.22%$25M223.0K
100USBUS BANCORP DELhistory →COM NEW0.21%$24M693.0K

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 ↗.