SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$15.9B
Q1 2021
Positions
1,034
Filings on Record
35
2019–present window
Filed
May 3, 2021
original filing

Summary

Treasurer Of The State Of North Carolina reported $15.9B in U.S.-listed holdings across 1,034 positions for Q1 2021.

Its largest position, AAPL, represents 5.2% of the portfolio.

Compared with Q4 2020, the fund opened 18 new positions and exited 14.

Portfolio Metrics

Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+24.7%
share of reported value
Largest Position
+5.2%
Apple
New / Exited
18 / 14
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: 2.9%Other: 1.5%ETP: 0.1%Tracking Stk: 0.0%Unit: 0.0%
  • Common Stock · 95.5% · $15.2B
  • REIT · 2.9% · $463M
  • Other · 1.5% · $243M
  • ETP · 0.1% · $10M
  • Tracking Stk · 0.0% · $4M
  • Unit · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LUMNLUMEN TECHNOLOGIES INCNEW+585.3K585.3K+$8M$8M
NVAXNOVAVAX INCNEW+19.2K19.2K+$3M$3M
APAAPA CORPORATIONNEW+138.5K138.5K+$2M$2M
NOVNOV INCNEW+142.3K142.3K+$2M$2M
TNLTRAVEL PLUS LEISURE CONEW+30.8K30.8K+$2M$2M
SL GREEN RLTY CORPNEW+25.1K25.1K+$2M$2M
SHLSSHOALS TECHNOLOGIES GROUP INNEW+32.6K32.6K+$1M$1M
MRVIMARAVAI LIFESCIENCES HLDGS INEW+24.6K24.6K+$878,000$878,000

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

Holdings — Q1 2021

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.19%$824M6.75M
2MSFTMICROSOFT CORPhistory →COM4.71%$748M3.17M
3AMZNAMAZON COM INChistory →COM3.54%$563M181.9K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.25%$517M250.3K
5METAFACEBOOK INChistory →CL A1.93%$307M1.04M
6TSLATESLA INChistory →COM1.36%$217M324.3K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.29%$205M802.8K
8JPMJPMORGAN CHASE & COhistory →COM1.23%$196M1.29M
9JNJJOHNSON & JOHNSONhistory →COM1.20%$190M1.16M
10UNHUNITEDHEALTH GROUP INChistory →COM0.97%$154M413.9K
11VVISA INChistory →COM CL A0.95%$151M715.0K
12DISDISNEY WALT COhistory →COM0.92%$146M793.0K
13PGPROCTER AND GAMBLE COhistory →COM0.91%$145M1.07M
14HDHOME DEPOT INChistory →COM0.87%$139M454.9K
15NVDANVIDIA CORPORATIONhistory →COM0.84%$133M250.0K
16MAMASTERCARD INCORPORATEDhistory →CL A0.84%$133M373.6K
17BACBK OF AMERICA CORPhistory →COM0.80%$127M3.28M
18PYPLPAYPAL HLDGS INChistory →COM0.76%$121M497.3K
19INTCINTEL CORPhistory →COM0.71%$112M1.75M
20CMCSACOMCAST CORP NEWhistory →CL A0.68%$108M1.99M
21VZVERIZON COMMUNICATIONS INChistory →COM0.66%$106M1.82M
22EXMOCEXXON MOBIL CORPhistory →COM0.63%$100M1.79M
23NFLXNETFLIX INChistory →COM0.61%$98M187.0K
24ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.61%$97M203.7K
25TAT&T INChistory →COM0.60%$95M3.13M
26CSCOCISCO SYS INChistory →COM0.59%$94M1.81M
27ABTABBOTT LABShistory →COM0.56%$90M748.2K
28KOCOCA COLA COhistory →COM0.56%$89M1.70M
29PFEPFIZER INChistory →COM0.56%$88M2.44M
30CVXCHEVRON CORP NEWhistory →COM0.54%$86M822.7K
31PEPPEPSICO INChistory →COM0.54%$86M608.8K
32MRKMERCK & CO. INChistory →COM0.54%$85M1.11M
33ABBVABBVIE INChistory →COM0.53%$84M772.5K
34WMTWALMART INChistory →COM0.50%$80M590.1K
35CRMSALESFORCE COM INChistory →COM0.50%$79M374.8K
36TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.50%$79M173.2K
37AVGOBROADCOM INChistory →COM0.49%$78M167.2K
38ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.47%$75M269.9K
39TXNTEXAS INSTRS INChistory →COM0.46%$73M388.7K
40MCDMCDONALDS CORPhistory →COM0.46%$73M326.6K
41NKENIKE INChistory →CL B0.45%$71M534.6K
42MDTMEDTRONIC PLChistory →SHS0.44%$70M588.6K
43LLYLILLY ELI & COhistory →COM0.44%$69M371.1K
44COSTCOSTCO WHSL CORP NEWhistory →COM0.43%$68M193.6K
45QCOMQUALCOMM INChistory →COM0.41%$65M493.9K
46WFCWELLS FARGO CO NEWhistory →COM0.41%$65M1.67M
47NEENEXTERA ENERGY INChistory →COM0.41%$65M858.8K
48HONHONEYWELL INTL INChistory →COM0.41%$65M297.3K
49CCITIGROUP INChistory →COM NEW0.40%$64M881.7K
50AMGNAMGEN INChistory →COM0.40%$64M255.5K
51LINDE PLCSHS0.40%$63M226.2K
52BMYBRISTOL-MYERS SQUIBB COhistory →COM0.39%$63M992.4K
53UNPUNION PAC CORPhistory →COM0.39%$63M283.8K
54DHRDANAHER CORPORATIONhistory →COM0.38%$61M271.4K
55LOWLOWES COS INChistory →COM0.37%$59M310.6K
56PMPHILIP MORRIS INTL INChistory →COM0.37%$58M658.9K
57BABOEING COhistory →COM0.36%$58M226.1K
58ORCLORACLE CORPhistory →COM0.36%$57M807.7K
59CATCATERPILLAR INChistory →COM0.35%$55M237.6K
60SBUXSTARBUCKS CORPhistory →COM0.34%$54M494.9K
61UPSUNITED PARCEL SERVICE INChistory →CL B0.34%$53M314.3K
62IBMINTERNATIONAL BUSINESS MACHShistory →COM0.33%$52M389.8K
63AMATAPPLIED MATLS INChistory →COM0.33%$52M387.9K
64GENERAL ELECTRIC COCOM0.32%$50M3.81M
65MMM3M COhistory →COM0.30%$48M246.8K
66BLACKROCK INCCOM0.30%$47M62.3K
67RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.29%$47M603.6K
68AMTAMERICAN TOWER CORP NEWhistory →COM0.29%$46M193.5K
69MSMORGAN STANLEYhistory →COM NEW0.29%$46M591.6K
70GSGOLDMAN SACHS GROUP INChistory →COM0.29%$46M140.2K
71DEDEERE & COhistory →COM0.29%$45M121.0K
72TGTTARGET CORPhistory →COM0.28%$44M221.1K
73CVSCVS HEALTH CORPhistory →COM0.27%$43M573.5K
74BKNGBOOKING HOLDINGS INChistory →COM0.26%$42M17.9K
75MUMICRON TECHNOLOGY INChistory →COM0.26%$42M470.8K
76AMDADVANCED MICRO DEVICES INChistory →COM0.26%$41M525.2K
77NOWSERVICENOW INChistory →COM0.26%$41M82.3K
78INTUINTUIThistory →COM0.26%$41M106.7K
79MOALTRIA GROUP INChistory →COM0.25%$40M787.4K
80AXPAMERICAN EXPRESS COhistory →COM0.25%$40M279.3K
81SCHWSCHWAB CHARLES CORPhistory →COM0.25%$40M606.0K
82ELVANTHEM INChistory →COM0.25%$39M109.1K
83GILDGILEAD SCIENCES INChistory →COM0.25%$39M603.9K
84LMTLOCKHEED MARTIN CORPhistory →COM0.24%$39M104.8K
85CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.24%$38M61.3K
86FISFIDELITY NATL INFORMATION SVhistory →COM0.23%$37M261.4K
87CICIGNA CORP NEWhistory →COM0.23%$36M151.0K
88ISRGINTUITIVE SURGICAL INChistory →COM NEW0.23%$36M49.0K
89SPGIS&P GLOBAL INChistory →COM0.23%$36M102.0K
90LAM RESEARCH CORPCOM0.23%$36M60.4K
91MDLZMONDELEZ INTL INChistory →CL A0.23%$36M612.8K
92SYKSTRYKER CORPORATIONhistory →COM0.22%$36M146.7K
93XYZSQUARE INChistory →CL A0.22%$36M156.4K
94TJXTJX COS INC NEWhistory →COM0.22%$35M524.3K
95TFCTRUIST FINL CORPhistory →COM0.22%$34M590.3K
96ADPAUTOMATIC DATA PROCESSING INhistory →COM0.22%$34M182.0K
97PLDPROLOGIS INC.history →COM0.21%$33M311.6K
98USBUS BANCORP DELhistory →COM NEW0.21%$33M596.0K
99UBERUBER TECHNOLOGIES INChistory →COM0.21%$33M602.6K
100ZTSZOETIS INChistory →CL A0.20%$32M202.1K

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 ↗.