SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$12.1B
Q2 2020
Positions
1,009
Filings on Record
35
2019–present window
Filed
Aug 7, 2020
original filing

Summary

Treasurer Of The State Of North Carolina reported $12.1B in U.S.-listed holdings across 1,009 positions for Q2 2020.

Its largest position, MSFT, represents 5.3% of the portfolio.

Compared with Q1 2020, the fund opened 63 new positions and exited 55.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+25.1%
share of reported value
Largest Position
+5.3%
Microsoft
New / Exited
63 / 55
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: 95.3%REIT: 3.3%Other: 1.4%ETP: 0.0%Tracking Stk: 0.0%Other: 0.0%
  • Common Stock · 95.3% · $11.5B
  • REIT · 3.3% · $397M
  • Other · 1.4% · $166M
  • ETP · 0.0% · $5M
  • Tracking Stk · 0.0% · $3M
  • Other · 0.0% · $993,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RTXRAYTHEON TECHNOLOGIES CORPNEW+595.9K595.9K+$37M$37M
AONAON PLCNEW+99.4K99.4K+$19M$19M
ZMZOOM VIDEO COMMUNICATIONS INNEW+69.8K69.8K+$18M$18M
TDOCTELADOC HEALTH INCNEW+49.9K49.9K+$10M$10M
OTISOTIS WORLDWIDE CORPNEW+149.9K149.9K+$9M$9M
CARRCARRIER GLOBAL CORPORATIONNEW+319.0K319.0K+$7M$7M
KKRKKR & CO INCNEW+195.7K195.7K+$6M$6M
AMCOR PLCNEW+589.3K589.3K+$6M$6M

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

Holdings — Q2 2020

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.27%$637M3.13M
2AAPLAPPLE INChistory →COM5.19%$628M1.72M
3AMZNAMAZON COM INChistory →COM4.07%$493M178.6K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.92%$353M249.4K
5METAFACEBOOK INChistory →CL A1.94%$234M1.03M
6JNJJOHNSON & JOHNSONhistory →COM1.33%$161M1.14M
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.20%$146M815.4K
8VVISA INChistory →COM CL A1.13%$136M705.9K
9PGPROCTER AND GAMBLE COhistory →COM1.05%$126M1.06M
10UNHUNITEDHEALTH GROUP INChistory →COM1.00%$121M409.2K
11JPMJPMORGAN CHASE & COhistory →COM0.99%$119M1.27M
12HDHOME DEPOT INChistory →COM0.93%$112M449.1K
13MAMASTERCARD INCORPORATEDhistory →CL A0.90%$109M368.8K
14INTCINTEL CORPhistory →COM0.88%$106M1.78M
15VZVERIZON COMMUNICATIONS INChistory →COM0.82%$99M1.80M
16NVDANVIDIA CORPORATIONhistory →COM0.78%$94M246.8K
17TAT&T INChistory →COM0.77%$93M3.09M
18ADBEADOBE INChistory →COM0.72%$88M201.1K
19DISDISNEY WALT COhistory →COM DISNEY0.72%$87M783.5K
20PYPLPAYPAL HLDGS INChistory →COM0.71%$86M491.0K
21MRKMERCK & CO. INChistory →COM0.70%$85M1.10M
22NFLXNETFLIX INChistory →COM0.69%$84M184.5K
23CSCOCISCO SYS INChistory →COM0.68%$83M1.78M
24PEPPEPSICO INChistory →COM0.66%$80M601.7K
25EXMOCEXXON MOBIL CORPhistory →COM0.65%$79M1.77M
26PFEPFIZER INChistory →COM0.65%$79M2.41M
27BACBK OF AMERICA CORPhistory →COM0.64%$77M3.23M
28CMCSACOMCAST CORP NEWhistory →CL A0.63%$77M1.96M
29ABBVABBVIE INChistory →COM0.62%$75M763.8K
30KOCOCA COLA COhistory →COM0.62%$75M1.68M
31CVXCHEVRON CORP NEWhistory →COM0.59%$71M793.3K
32WMTWALMART INChistory →COM0.58%$70M582.6K
33CRMSALESFORCE COM INChistory →COM0.56%$68M362.1K
34TSLATESLA INChistory →COM0.55%$67M61.8K
35ABTABBOTT LABShistory →COM0.55%$66M726.4K
36TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.51%$61M169.2K
37AMGNAMGEN INChistory →COM0.50%$60M254.2K
38LLYLILLY ELI & COhistory →COM0.50%$60M365.2K
39MCDMCDONALDS CORPhistory →COM0.49%$60M322.7K
40COSTCOSTCO WHSL CORP NEWhistory →COM0.48%$58M191.2K
41BMYBRISTOL-MYERS SQUIBB COhistory →COM0.48%$58M981.5K
42ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.47%$57M266.5K
43MDTMEDTRONIC PLChistory →SHS0.44%$53M581.1K
44AVGOBROADCOM INChistory →COM0.44%$53M167.9K
45NEENEXTERA ENERGY INChistory →COM0.42%$51M212.2K
46NKENIKE INChistory →CL B0.42%$50M512.8K
47AMTAMERICAN TOWER CORP NEWhistory →COM0.41%$49M191.3K
48TXNTEXAS INSTRS INChistory →COM0.40%$49M383.7K
49LINDE PLCSHS0.40%$48M227.7K
50UNPUNION PAC CORPhistory →COM0.40%$48M283.8K
51DHRDANAHER CORPORATIONhistory →COM0.39%$47M263.5K
52ORCLORACLE CORPhistory →COM0.38%$46M841.1K
53IBMINTERNATIONAL BUSINESS MACHShistory →COM0.38%$46M384.0K
54PMPHILIP MORRIS INTL INChistory →COM0.38%$46M650.5K
55QCOMQUALCOMM INChistory →COM0.37%$45M491.7K
56CCITIGROUP INChistory →COM NEW0.37%$44M870.4K
57LOWLOWES COS INChistory →COM0.36%$44M322.9K
58GILDGILEAD SCIENCES INChistory →COM0.36%$43M564.1K
59HONHONEYWELL INTL INChistory →COM0.35%$42M293.5K
60WFCWELLS FARGO CO NEWhistory →COM0.34%$41M1.62M
61BABOEING COhistory →COM0.34%$41M223.2K
62LMTLOCKHEED MARTIN CORPhistory →COM0.31%$38M103.4K
63MMM3M COhistory →COM0.31%$38M241.1K
64SBUXSTARBUCKS CORPhistory →COM0.31%$37M501.8K
65CVSCVS HEALTH CORPhistory →COM0.30%$37M566.7K
66RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.30%$37M595.9K
67FISFIDELITY NATL INFORMATION SVhistory →COM0.29%$35M258.1K
68UPSUNITED PARCEL SERVICE INChistory →CL B0.28%$34M305.7K
69BLACKROCK INCCOM0.28%$33M61.5K
70SPGIS&P GLOBAL INChistory →COM0.27%$33M100.7K
71CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.27%$33M64.7K
72VRTXVERTEX PHARMACEUTICALS INChistory →COM0.27%$33M112.5K
73NOWSERVICENOW INChistory →COM0.27%$33M80.6K
74MDLZMONDELEZ INTL INChistory →CL A0.26%$31M612.1K
75INTUINTUIThistory →COM0.26%$31M105.3K
76MOALTRIA GROUP INChistory →COM0.25%$31M777.4K
77CCICROWN CASTLE INTL CORP NEWhistory →COM0.25%$30M180.1K
78DDOMINION ENERGY INChistory →COM0.24%$30M363.4K
79CICIGNA CORP NEWhistory →COM0.24%$29M157.0K
80PLDPROLOGIS INC.history →COM0.24%$29M315.2K
81CATCATERPILLAR INC DELhistory →COM0.24%$29M229.7K
82ELVANTHEM INChistory →COM0.24%$29M109.4K
83BKNGBOOKING HOLDINGS INChistory →COM0.23%$28M17.7K
84NEMNEWMONT CORPhistory →COM0.23%$28M454.5K
85BDXBECTON DICKINSON & COhistory →COM0.23%$28M117.3K
86ISRGINTUITIVE SURGICAL INChistory →COM NEW0.23%$28M48.4K
87GSGOLDMAN SACHS GROUP INChistory →COM0.23%$27M138.4K
88ZTSZOETIS INChistory →CL A0.23%$27M198.7K
89REGNREGENERON PHARMACEUTICALShistory →COM0.22%$27M43.5K
90GENERAL ELECTRIC COCOM0.22%$27M3.96M
91CLCOLGATE PALMOLIVE COhistory →COM0.22%$27M365.4K
92EQIXEQUINIX INChistory →COM0.22%$27M38.1K
93ADPAUTOMATIC DATA PROCESSING INhistory →COM0.22%$27M179.6K
94AMDADVANCED MICRO DEVICES INChistory →COM0.22%$27M505.5K
95TGTTARGET CORPhistory →COM0.22%$26M220.9K
96TJXTJX COS INC NEWhistory →COM0.22%$26M518.0K
97SYKSTRYKER CORPORATIONhistory →COM0.22%$26M144.8K
98AXPAMERICAN EXPRESS COhistory →COM0.22%$26M273.3K
99ACTIVISION BLIZZARD INCCOM0.21%$26M340.6K
100CMECME GROUP INChistory →COM0.21%$25M153.8K

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 ↗.