SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$17.3B
Q3 2021
Positions
1,033
Filings on Record
35
2019–present window
Filed
Nov 3, 2021
original filing

Summary

Treasurer Of The State Of North Carolina reported $17.3B in U.S.-listed holdings across 1,033 positions for Q3 2021.

Its largest position, AAPL, represents 5.5% of the portfolio.

Compared with Q2 2021, the fund opened 14 new positions and exited 14.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+26.3%
share of reported value
Largest Position
+5.5%
Apple
New / Exited
14 / 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: 96.2%REIT: 2.9%Other: 0.8%ETP: 0.1%Tracking Stk: 0.0%
  • Common Stock · 96.2% · $16.6B
  • REIT · 2.9% · $507M
  • Other · 0.8% · $131M
  • ETP · 0.1% · $9M
  • Tracking Stk · 0.0% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GENERAL ELECTRIC CONEW+477.1K477.1K+$49M$49M
BBWIBATH & BODY WORKS INCNEW+125.4K125.4K+$8M$8M
GXOGXO LOGISTICS INCORPORATEDNEW+34.9K34.9K+$3M$3M
DTMDT MIDSTREAM INCNEW+34.8K34.8K+$2M$2M
VSXYVICTORIAS SECRET AND CONEW+27.9K27.9K+$2M$2M
FIGSFIGS INCNEW+13.6K13.6K+$506,000$506,000
NTLAINTELLIA THERAPEUTICS INCNEW+3.0K3.0K+$404,000$404,000
CNMCORE & MAIN INCNEW+12.6K12.6K+$330,000$330,000

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

Holdings — Q3 2021

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.45%$942M6.66M
2MSFTMICROSOFT CORPhistory →COM5.20%$897M3.18M
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.80%$656M245.6K
4AMZNAMAZON COM INChistory →COM3.54%$611M185.9K
5METAFACEBOOK INChistory →CL A2.03%$351M1.04M
6TSLATESLA INChistory →COM1.51%$261M336.7K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.26%$217M794.7K
8NVDANVIDIA CORPORATIONhistory →COM1.21%$209M1.01M
9JPMJPMORGAN CHASE & COhistory →COM1.20%$207M1.26M
10JNJJOHNSON & JOHNSONhistory →COM1.08%$186M1.15M
11UNHUNITEDHEALTH GROUP INChistory →COM0.93%$161M411.2K
12VVISA INChistory →COM CL A0.92%$159M714.9K
13PGPROCTER AND GAMBLE COhistory →COM0.86%$149M1.06M
14HDHOME DEPOT INChistory →COM0.85%$147M449.1K
15DISDISNEY WALT COhistory →COM0.78%$134M793.6K
16BACBK OF AMERICA CORPhistory →COM0.77%$134M3.15M
17PYPLPAYPAL HLDGS INChistory →COM0.75%$129M496.3K
18MAMASTERCARD INCORPORATEDhistory →CL A0.74%$128M369.6K
19NFLXNETFLIX INChistory →COM0.68%$117M191.3K
20ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.67%$116M201.7K
21CMCSACOMCAST CORP NEWhistory →CL A0.65%$111M1.99M
22CRMSALESFORCE COM INChistory →COM0.62%$107M393.5K
23PFEPFIZER INChistory →COM0.61%$105M2.45M
24EXMOCEXXON MOBIL CORPhistory →COM0.61%$105M1.79M
25VZVERIZON COMMUNICATIONS INChistory →COM0.57%$98M1.82M
26TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.57%$98M171.7K
27CSCOCISCO SYS INChistory →COM0.57%$98M1.79M
28INTCINTEL CORPhistory →COM0.53%$92M1.72M
29PEPPEPSICO INChistory →COM0.53%$91M603.9K
30ABTABBOTT LABShistory →COM0.52%$90M759.3K
31KOCOCA COLA COhistory →COM0.52%$89M1.70M
32LLYLILLY ELI & COhistory →COM0.51%$87M378.0K
33COSTCOSTCO WHSL CORP NEWhistory →COM0.50%$87M193.2K
34ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.50%$86M268.6K
35WMTWALMART INChistory →COM0.49%$84M605.9K
36DHRDANAHER CORPORATIONhistory →COM0.49%$84M277.1K
37TAT&T INChistory →COM0.49%$84M3.12M
38WFCWELLS FARGO CO NEWhistory →COM0.49%$84M1.81M
39CVXCHEVRON CORP NEWhistory →COM0.48%$84M825.3K
40ABBVABBVIE INChistory →COM0.48%$83M771.9K
41MRKMERCK & CO INChistory →COM0.48%$83M1.11M
42AVGOBROADCOM INChistory →COM0.47%$82M168.6K
43MCDMCDONALDS CORPhistory →COM0.46%$79M326.4K
44NKENIKE INChistory →CL B0.45%$78M538.1K
45TXNTEXAS INSTRS INChistory →COM0.43%$75M390.1K
46MDTMEDTRONIC PLChistory →SHS0.43%$74M586.8K
47NEENEXTERA ENERGY INChistory →COM0.39%$67M857.0K
48ORCLORACLE CORPhistory →COM0.37%$64M736.1K
49MRNAMODERNA INChistory →COM0.37%$63M164.8K
50QCOMQUALCOMM INChistory →COM0.36%$63M486.2K
51PMPHILIP MORRIS INTL INChistory →COM0.36%$62M657.7K
52HONHONEYWELL INTL INChistory →COM0.36%$62M293.5K
53LOWLOWES COS INChistory →COM0.35%$61M299.9K
54CCITIGROUP INChistory →COM NEW0.35%$60M855.9K
55INTUINTUIThistory →COM0.34%$58M107.8K
56BMYBRISTOL-MYERS SQUIBB COhistory →COM0.33%$58M975.8K
57UPSUNITED PARCEL SERVICE INChistory →CL B0.33%$58M316.4K
58MSMORGAN STANLEYhistory →COM NEW0.32%$56M575.0K
59RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.32%$55M640.0K
60SBUXSTARBUCKS CORPhistory →COM0.32%$55M497.7K
61UNPUNION PAC CORPhistory →COM0.32%$55M278.3K
62IBMINTERNATIONAL BUSINESS MACHShistory →COM0.31%$54M390.6K
63AMDADVANCED MICRO DEVICES INChistory →COM0.31%$54M522.3K
64AMGNAMGEN INChistory →COM0.31%$53M248.2K
65GSGOLDMAN SACHS GROUP INChistory →COM0.31%$53M139.6K
66AMTAMERICAN TOWER CORP NEWhistory →COM0.30%$52M197.3K
67NOWSERVICENOW INChistory →COM0.30%$52M83.2K
68BLACKROCK INCCOM0.29%$51M60.4K
69TGTTARGET CORPhistory →COM0.29%$50M220.3K
70AMATAPPLIED MATLS INChistory →COM0.29%$50M386.6K
71BABOEING COhistory →COM0.29%$50M226.2K
72ISRGINTUITIVE SURGICAL INChistory →COM NEW0.29%$50M49.9K
73GENERAL ELECTRIC COCOM NEW0.28%$49M477.1K
74CVSCVS HEALTH CORPhistory →COM0.28%$49M575.3K
75SCHWSCHWAB CHARLES CORPhistory →COM0.28%$48M657.4K
76AXPAMERICAN EXPRESS COhistory →COM0.27%$46M276.0K
77CATCATERPILLAR INChistory →COM0.27%$46M239.5K
78MMM3M COhistory →COM0.26%$44M252.8K
79GILDGILEAD SCIENCES INChistory →COM0.25%$44M624.4K
80SPGIS&P GLOBAL INChistory →COM0.25%$43M101.7K
81BKNGBOOKING HOLDINGS INChistory →COM0.25%$43M17.9K
82DEDEERE & COhistory →COM0.24%$41M123.2K
83CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.24%$41M55.9K
84XYZSQUARE INChistory →CL A0.23%$40M167.2K
85COPCONOCOPHILLIPShistory →COM0.23%$40M589.8K
86ELVANTHEM INChistory →COM0.23%$40M107.0K
87ZTSZOETIS INChistory →CL A0.23%$40M205.0K
88PLDPROLOGIS INC.history →COM0.23%$39M311.3K
89SYKSTRYKER CORPORATIONhistory →COM0.22%$39M147.2K
90ADIANALOG DEVICES INChistory →COM0.22%$38M226.6K
91LMTLOCKHEED MARTIN CORPhistory →COM0.21%$36M104.6K
92ADPAUTOMATIC DATA PROCESSING INhistory →COM0.21%$36M179.6K
93PNCPNC FINL SVCS GROUP INChistory →COM0.21%$36M182.9K
94MOALTRIA GROUP INChistory →COM0.21%$36M782.0K
95MDLZMONDELEZ INTL INChistory →CL A0.21%$35M609.3K
96USBUS BANCORP DELhistory →COM NEW0.20%$35M586.4K
97TJXTJX COS INC NEWhistory →COM0.20%$35M525.7K
98TFCTRUIST FINL CORPhistory →COM0.20%$34M586.7K
99LAM RESEARCH CORPCOM0.20%$34M60.2K
100MRSHMARSH & MCLENNAN COS INChistory →COM0.19%$34M221.9K

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 ↗.