SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$13.2B
Q3 2020
Positions
1,020
Filings on Record
35
2019–present window
Filed
Nov 4, 2020
original filing

Summary

Treasurer Of The State Of North Carolina reported $13.2B in U.S.-listed holdings across 1,020 positions for Q3 2020.

Its largest position, AAPL, represents 6.0% of the portfolio.

Compared with Q2 2020, the fund opened 19 new positions and exited 8.

Portfolio Metrics

Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+25.8%
share of reported value
Largest Position
+6.0%
Apple
New / Exited
19 / 8
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: 95.5%REIT: 3.0%Other: 1.4%ETP: 0.1%Tracking Stk: 0.0%Other: 0.0%
  • Common Stock · 95.5% · $12.6B
  • REIT · 3.0% · $402M
  • Other · 1.4% · $183M
  • ETP · 0.1% · $8M
  • Tracking Stk · 0.0% · $3M
  • Other · 0.0% · $873,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTCHMATCH GROUP INC NEWNEW+90.2K90.2K+$10M$10M
IAC INTERACTIVECORP NEWNEW+28.0K28.0K+$3M$3M
RPRXROYALTY PHARMA PLCNEW+31.2K31.2K+$1M$1M
NIKOLA CORPNEW+55.7K55.7K+$1M$1M
DNBDUN & BRADSTREET HLDGS INCNEW+31.5K31.5K+$808,000$808,000
RKTROCKET COS INCNEW+40.0K40.0K+$796,000$796,000
AZEKAZEK CO INCNEW+14.8K14.8K+$513,000$513,000
VROOM INCNEW+9.0K9.0K+$466,000$466,000

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

Holdings — Q3 2020

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.97%$790M6.82M
2MSFTMICROSOFT CORPhistory →COM5.00%$662M3.15M
3AMZNAMAZON COM INChistory →COM4.28%$566M179.8K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.78%$368M250.5K
5METAFACEBOOK INChistory →CL A2.04%$271M1.03M
6BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.30%$172M807.4K
7JNJJOHNSON & JOHNSONhistory →COM1.29%$171M1.15M
8PGPROCTER AND GAMBLE COhistory →COM1.11%$147M1.06M
9VVISA INChistory →COM CL A1.07%$142M709.1K
10NVDANVIDIA CORPORATIONhistory →COM1.01%$134M247.9K
11TSLATESLA INChistory →COM1.01%$133M310.5K
12UNHUNITEDHEALTH GROUP INChistory →COM0.97%$128M410.8K
13MAMASTERCARD INCORPORATEDhistory →CL A0.95%$125M370.5K
14HDHOME DEPOT INChistory →COM0.95%$125M451.2K
15JPMJPMORGAN CHASE & COhistory →COM0.93%$123M1.27M
16VZVERIZON COMMUNICATIONS INChistory →COM0.81%$107M1.80M
17ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.75%$99M202.0K
18DISDISNEY WALT COhistory →COM DISNEY0.74%$98M786.4K
19PYPLPAYPAL HLDGS INChistory →COM0.73%$97M493.2K
20NFLXNETFLIX INChistory →COM0.70%$93M185.3K
21INTCINTEL CORPhistory →COM0.70%$93M1.79M
22CRMSALESFORCE COM INChistory →COM0.69%$92M365.8K
23CMCSACOMCAST CORP NEWhistory →CL A0.69%$91M1.97M
24MRKMERCK & CO. INChistory →COM0.69%$91M1.10M
25PFEPFIZER INChistory →COM0.67%$89M2.42M
26TAT&T INChistory →COM0.67%$88M3.10M
27PEPPEPSICO INChistory →COM0.63%$84M603.9K
28KOCOCA COLA COhistory →COM0.63%$83M1.68M
29WMTWALMART INChistory →COM0.62%$82M585.2K
30ABTABBOTT LABShistory →COM0.60%$80M734.1K
31BACBK OF AMERICA CORPhistory →COM0.59%$78M3.25M
32TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.57%$76M171.9K
33MCDMCDONALDS CORPhistory →COM0.54%$71M323.9K
34CSCOCISCO SYS INChistory →COM0.53%$70M1.79M
35COSTCOSTCO WHSL CORP NEWhistory →COM0.51%$68M191.9K
36ABBVABBVIE INChistory →COM0.51%$67M766.6K
37AMGNAMGEN INChistory →COM0.49%$65M256.1K
38NKENIKE INChistory →CL B0.49%$65M514.9K
39EXMOCEXXON MOBIL CORPhistory →COM0.46%$61M1.78M
40AVGOBROADCOM INChistory →COM0.46%$61M166.6K
41MDTMEDTRONIC PLChistory →SHS0.46%$61M583.7K
42ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.46%$60M267.7K
43BMYBRISTOL-MYERS SQUIBB COhistory →COM0.45%$59M985.0K
44NEENEXTERA ENERGY INChistory →COM0.45%$59M212.9K
45QCOMQUALCOMM INChistory →COM0.44%$58M489.8K
46DHRDANAHER CORPORATIONhistory →COM0.43%$57M266.0K
47CVXCHEVRON CORP NEWhistory →COM0.43%$57M793.0K
48UNPUNION PAC CORPhistory →COM0.42%$56M285.5K
49TXNTEXAS INSTRS INChistory →COM0.42%$55M385.5K
50LLYLILLY ELI & COhistory →COM0.41%$54M366.6K
51LINDE PLCSHS0.41%$54M227.8K
52LOWLOWES COS INChistory →COM0.40%$53M320.1K
53UPSUNITED PARCEL SERVICE INChistory →CL B0.39%$51M306.9K
54ORCLORACLE CORPhistory →COM0.37%$49M827.5K
55PMPHILIP MORRIS INTL INChistory →COM0.37%$49M653.5K
56HONHONEYWELL INTL INChistory →COM0.37%$49M294.9K
57IBMINTERNATIONAL BUSINESS MACHShistory →COM0.35%$47M383.7K
58AMTAMERICAN TOWER CORP NEWhistory →COM0.35%$46M192.0K
59SBUXSTARBUCKS CORPhistory →COM0.32%$43M498.6K
60ZMZOOM VIDEO COMMUNICATIONS INhistory →CL A0.32%$42M88.8K
61AMDADVANCED MICRO DEVICES INChistory →COM0.31%$42M507.4K
62CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.31%$41M65.0K
63LMTLOCKHEED MARTIN CORPhistory →COM0.30%$40M103.9K
64MMM3M COhistory →COM0.30%$39M244.7K
65NOWSERVICENOW INChistory →COM0.30%$39M80.8K
66WFCWELLS FARGO CO NEWhistory →COM0.29%$38M1.64M
67FISFIDELITY NATL INFORMATION SVhistory →COM0.29%$38M259.3K
68CCITIGROUP INChistory →COM NEW0.28%$38M874.5K
69BABOEING COhistory →COM0.28%$37M224.3K
70GILDGILEAD SCIENCES INChistory →COM0.28%$37M581.2K
71SPGIS&P GLOBAL INChistory →COM0.28%$36M101.1K
72MDLZMONDELEZ INTL INChistory →CL A0.27%$35M614.4K
73CATCATERPILLAR INC DELhistory →COM0.26%$35M235.0K
74TGTTARGET CORPhistory →COM0.26%$35M222.6K
75BLACKROCK INCCOM0.26%$35M61.8K
76INTUINTUIThistory →COM0.26%$35M105.8K
77ISRGINTUITIVE SURGICAL INChistory →COM NEW0.26%$34M48.6K
78RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.26%$34M598.6K
79CVSCVS HEALTH CORPhistory →COM0.25%$33M568.8K
80ZTSZOETIS INChistory →CL A0.25%$33M200.1K
81PLDPROLOGIS INC.history →COM0.24%$31M313.0K
82VRTXVERTEX PHARMACEUTICALS INChistory →COM0.23%$31M112.9K
83BKNGBOOKING HOLDINGS INChistory →COM0.23%$30M17.8K
84SYKSTRYKER CORPORATIONhistory →COM0.23%$30M145.5K
85MOALTRIA GROUP INChistory →COM0.23%$30M781.0K
86CCICROWN CASTLE INTL CORP NEWhistory →COM0.23%$30M180.8K
87ELVANTHEM INChistory →COM0.22%$29M109.8K
88EQIXEQUINIX INChistory →COM0.22%$29M38.2K
89TJXTJX COS INC NEWhistory →COM0.22%$29M519.8K
90DDOMINION ENERGY INChistory →COM0.22%$29M364.8K
91CLCOLGATE PALMOLIVE COhistory →COM0.21%$28M366.8K
92NEMNEWMONT CORPhistory →COM0.21%$28M442.5K
93BDXBECTON DICKINSON & COhistory →COM0.21%$28M120.2K
94GSGOLDMAN SACHS GROUP INChistory →COM0.21%$28M139.1K
95ACTIVISION BLIZZARD INCCOM0.21%$28M341.1K
96APDAIR PRODS & CHEMS INChistory →COM0.21%$28M92.7K
97AXPAMERICAN EXPRESS COhistory →COM0.21%$28M274.6K
98DUKDUKE ENERGY CORP NEWhistory →COM NEW0.21%$27M308.4K
99CICIGNA CORP NEWhistory →COM0.20%$27M157.5K
100FDXFEDEX CORPhistory →COM0.20%$26M105.1K

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 ↗.