SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$15.0B
Q4 2020
Positions
1,030
Filings on Record
35
2019–present window
Filed
Feb 2, 2021
original filing

Summary

Treasurer Of The State Of North Carolina reported $15.0B in U.S.-listed holdings across 1,030 positions for Q4 2020.

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

Compared with Q3 2020, the fund opened 25 new positions and exited 15.

Portfolio Metrics

Turnover
+1.2%
vs prior filed quarter
Top-10 Concentration
+25.5%
share of reported value
Largest Position
+6.0%
Apple
New / Exited
25 / 15
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: 95.6%REIT: 2.9%Other: 1.5%ETP: 0.1%Tracking Stk: 0.0%Other: 0.0%
  • Common Stock · 95.6% · $14.4B
  • REIT · 2.9% · $429M
  • Other · 1.5% · $224M
  • ETP · 0.1% · $8M
  • Tracking Stk · 0.0% · $4M
  • Other · 0.0% · $993,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VTRSVIATRIS INCNEW+623.2K623.2K+$12M$12M
SEAGEN INCNEW+58.4K58.4K+$10M$10M
VERVEREIT INCNEW+83.8K83.8K+$3M$3M
TERMINIX GLOBAL HOLDINGS INCNEW+48.6K48.6K+$2M$2M
PLUGPLUG POWER INCNEW+51.0K51.0K+$2M$2M
APARTMENT INCOME REIT CORPNEW+44.2K44.2K+$2M$2M
UUNITY SOFTWARE INCNEW+10.6K10.6K+$2M$2M
CNXCCONCENTRIX CORPNEW+15.3K15.3K+$2M$2M

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

Holdings — Q4 2020

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM6.04%$908M6.84M
2MSFTMICROSOFT CORPhistory →COM4.67%$702M3.16M
3AMZNAMAZON COM INChistory →COM3.92%$589M180.8K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.90%$437M249.1K
5METAFACEBOOK INChistory →CL A1.89%$283M1.04M
6TSLATESLA INChistory →COM1.50%$225M318.8K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.23%$185M797.9K
8JNJJOHNSON & JOHNSONhistory →COM1.21%$181M1.15M
9JPMJPMORGAN CHASE & COhistory →COM1.08%$163M1.28M
10VVISA INChistory →COM CL A1.04%$156M711.8K
11PGPROCTER AND GAMBLE COhistory →COM0.99%$148M1.07M
12UNHUNITEDHEALTH GROUP INChistory →COM0.96%$144M411.9K
13DISDISNEY WALT COhistory →COM0.95%$143M790.1K
14MAMASTERCARD INCORPORATEDhistory →CL A0.88%$133M371.9K
15NVDANVIDIA CORPORATIONhistory →COM0.86%$130M248.9K
16HDHOME DEPOT INChistory →COM0.80%$120M452.8K
17PYPLPAYPAL HLDGS INChistory →COM0.77%$116M495.1K
18VZVERIZON COMMUNICATIONS INChistory →COM0.71%$106M1.81M
19CMCSACOMCAST CORP NEWhistory →CL A0.69%$104M1.98M
20ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.67%$101M202.8K
21NFLXNETFLIX INChistory →COM0.67%$101M186.0K
22BACBK OF AMERICA CORPhistory →COM0.66%$99M3.27M
23KOCOCA COLA COhistory →COM0.62%$93M1.69M
24MRKMERCK & CO. INChistory →COM0.60%$90M1.10M
25PEPPEPSICO INChistory →COM0.60%$90M606.4K
26TAT&T INChistory →COM0.60%$90M3.12M
27PFEPFIZER INChistory →COM0.60%$89M2.43M
28INTCINTEL CORPhistory →COM0.58%$87M1.74M
29WMTWALMART INChistory →COM0.56%$85M587.4K
30CRMSALESFORCE COM INChistory →COM0.55%$83M372.1K
31ABBVABBVIE INChistory →COM0.55%$82M769.8K
32ABTABBOTT LABShistory →COM0.54%$81M739.6K
33TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.54%$80M172.7K
34CSCOCISCO SYS INChistory →COM0.53%$80M1.80M
35QCOMQUALCOMM INChistory →COM0.50%$75M492.1K
36NKENIKE INChistory →CL B0.49%$74M524.0K
37EXMOCEXXON MOBIL CORPhistory →COM0.49%$74M1.78M
38AVGOBROADCOM INChistory →COM0.48%$73M166.5K
39COSTCOSTCO WHSL CORP NEWhistory →COM0.48%$73M192.9K
40ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.47%$70M268.7K
41MCDMCDONALDS CORPhistory →COM0.46%$70M325.4K
42CVXCHEVRON CORP NEWhistory →COM0.46%$69M819.3K
43MDTMEDTRONIC PLChistory →SHS0.46%$69M586.4K
44NEENEXTERA ENERGY INChistory →COM0.44%$66M855.7K
45TXNTEXAS INSTRS INChistory →COM0.42%$64M386.9K
46HONHONEYWELL INTL INChistory →COM0.42%$63M296.0K
47LLYLILLY ELI & COhistory →COM0.41%$62M368.3K
48BMYBRISTOL-MYERS SQUIBB COhistory →COM0.41%$61M989.2K
49LINDE PLCSHS0.40%$60M227.1K
50UNPUNION PAC CORPhistory →COM0.40%$60M286.6K
51DHRDANAHER CORPORATIONhistory →COM0.40%$60M268.1K
52AMGNAMGEN INChistory →COM0.39%$59M254.6K
53PMPHILIP MORRIS INTL INChistory →COM0.36%$54M655.9K
54CCITIGROUP INChistory →COM NEW0.36%$54M877.7K
55ORCLORACLE CORPhistory →COM0.35%$53M816.6K
56SBUXSTARBUCKS CORPhistory →COM0.35%$53M493.4K
57UPSUNITED PARCEL SERVICE INChistory →CL B0.35%$53M313.1K
58LOWLOWES COS INChistory →COM0.34%$51M318.6K
59WFCWELLS FARGO CO NEWhistory →COM0.33%$50M1.65M
60IBMINTERNATIONAL BUSINESS MACHShistory →COM0.32%$48M385.2K
61BABOEING COhistory →COM0.32%$48M225.1K
62AMDADVANCED MICRO DEVICES INChistory →COM0.32%$48M523.4K
63NOWSERVICENOW INChistory →COM0.30%$45M82.1K
64BLACKROCK INCCOM0.30%$45M62.0K
65AMTAMERICAN TOWER CORP NEWhistory →COM0.29%$43M192.9K
66CATCATERPILLAR INChistory →COM0.29%$43M236.7K
67MMM3M COhistory →COM0.29%$43M245.9K
68RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.29%$43M600.9K
69CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.28%$42M63.2K
70GENERAL ELECTRIC COCOM0.27%$41M3.80M
71INTUINTUIThistory →COM0.27%$40M106.2K
72ISRGINTUITIVE SURGICAL INChistory →COM NEW0.27%$40M48.8K
73BKNGBOOKING HOLDINGS INChistory →COM0.26%$40M17.9K
74TGTTARGET CORPhistory →COM0.26%$39M221.9K
75CVSCVS HEALTH CORPhistory →COM0.26%$39M571.4K
76MSMORGAN STANLEYhistory →COM NEW0.26%$39M561.8K
77LMTLOCKHEED MARTIN CORPhistory →COM0.25%$37M104.3K
78GSGOLDMAN SACHS GROUP INChistory →COM0.24%$37M139.6K
79FISFIDELITY NATL INFORMATION SVhistory →COM0.24%$37M260.2K
80MDLZMONDELEZ INTL INChistory →CL A0.24%$36M617.3K
81SYKSTRYKER CORPORATIONhistory →COM0.24%$36M146.0K
82TJXTJX COS INC NEWhistory →COM0.24%$36M522.1K
83MUMICRON TECHNOLOGY INChistory →COM0.23%$35M468.7K
84ELVANTHEM INChistory →COM0.23%$35M108.8K
85GILDGILEAD SCIENCES INChistory →COM0.23%$34M591.5K
86XYZSQUARE INChistory →CL A0.23%$34M155.7K
87AXPAMERICAN EXPRESS COhistory →COM0.22%$34M277.6K
88SPGIS&P GLOBAL INChistory →COM0.22%$33M101.5K
89AMATAPPLIED MATLS INChistory →COM0.22%$33M386.2K
90ZTSZOETIS INChistory →CL A0.22%$33M200.3K
91DEDEERE & COhistory →COM0.21%$32M120.1K
92CICIGNA CORP NEWhistory →COM0.21%$32M155.0K
93MOALTRIA GROUP INChistory →COM0.21%$32M783.9K
94SCHWSCHWAB CHARLES CORPhistory →COM0.21%$32M603.8K
95ADPAUTOMATIC DATA PROCESSING INhistory →COM0.21%$32M181.1K
96CLCOLGATE PALMOLIVE COhistory →COM0.21%$32M368.5K
97TMUST-MOBILE US INChistory →COM0.21%$31M231.8K
98ACTIVISION BLIZZARD INCCOM0.21%$31M334.8K
99PLDPROLOGIS INC.history →COM0.21%$31M310.2K
100UBERUBER TECHNOLOGIES INChistory →COM0.20%$31M598.5K

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 ↗.