SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$18.1B
Q1 2022
Positions
1,029
Filings on Record
35
2019–present window
Filed
May 10, 2022
original filing

Summary

Treasurer Of The State Of North Carolina reported $18.1B in U.S.-listed holdings across 1,029 positions for Q1 2022.

Its largest position, AAPL, represents 6.4% of the portfolio.

Compared with Q4 2021, the fund opened 9 new positions and exited 18.

Portfolio Metrics

Turnover
+3.8%
vs prior filed quarter
Top-10 Concentration
+27.9%
share of reported value
Largest Position
+6.4%
Apple
New / Exited
9 / 18
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: 96.3%REIT: 3.0%Other: 0.6%ETP: 0.1%Tracking Stk: 0.0%
  • Common Stock · 96.3% · $17.4B
  • REIT · 3.0% · $551M
  • Other · 0.6% · $100M
  • ETP · 0.1% · $10M
  • Tracking Stk · 0.0% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
APOAPOLLO GLOBAL MGMT INCNEW+145.8K145.8K+$9M$9M
CEGCONSTELLATION ENERGY CORPNEW+138.6K138.6K+$8M$8M
FRTFEDERAL RLTY INVT TR NEWNEW+35.6K35.6K+$4M$4M
DINOHF SINCLAIR CORPORATIONNEW+55.1K55.1K+$2M$2M
SLGSL GREEN RLTY CORPNEW+24.3K24.3K+$2M$2M
SEDGSOLAREDGE TECHNOLOGIES INCNEW+4.0K4.0K+$1M$1M
BAPCREDICORP LTDNEW+6.1K6.1K+$1M$1M
NCNONCINO INCNEW+20.7K20.7K+$847,000$847,000

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

Holdings — Q1 2022

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM6.41%$1.2B6.63M
2MSFTMICROSOFT CORPhistory →COM5.50%$994M3.22M
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.83%$691M248.0K
4AMZNAMAZON COM INChistory →COM3.40%$614M188.4K
5TSLATESLA INChistory →COM2.13%$385M356.8K
6NVDANVIDIA CORPORATIONhistory →COM1.55%$280M1.03M
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.55%$280M792.6K
8METAMETA PLATFORMS INChistory →CL A1.25%$226M1.02M
9UNHUNITEDHEALTH GROUP INChistory →COM1.18%$213M417.0K
10JNJJOHNSON & JOHNSONhistory →COM1.15%$208M1.17M
11JPMJPMORGAN CHASE & COhistory →COM0.96%$173M1.27M
12PGPROCTER AND GAMBLE COhistory →COM0.90%$163M1.07M
13VVISA INChistory →COM CL A0.88%$158M713.7K
14EXMOCEXXON MOBIL CORPhistory →COM0.83%$149M1.81M
15CVXCHEVRON CORP NEWhistory →COM0.75%$136M836.8K
16HDHOME DEPOT INChistory →COM0.74%$135M449.5K
17MAMASTERCARD INCORPORATEDhistory →CL A0.73%$133M371.1K
18PFEPFIZER INChistory →COM0.73%$132M2.54M
19ABBVABBVIE INChistory →COM0.70%$127M782.3K
20BACBK OF AMERICA CORPhistory →COM0.70%$126M3.06M
21COSTCOSTCO WHSL CORP NEWhistory →COM0.62%$113M196.0K
22LLYLILLY ELI & COhistory →COM0.61%$110M384.4K
23DISDISNEY WALT COhistory →COM0.61%$110M799.0K
24AVGOBROADCOM INChistory →COM0.60%$108M172.1K
25KOCOCA COLA COhistory →COM0.59%$106M1.71M
26CSCOCISCO SYS INChistory →COM0.57%$104M1.86M
27TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.57%$103M173.7K
28PEPPEPSICO INChistory →COM0.57%$103M612.8K
29VZVERIZON COMMUNICATIONS INChistory →COM0.53%$95M1.87M
30MRKMERCK & CO INChistory →COM0.52%$94M1.15M
31ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.52%$93M277.1K
32CMCSACOMCAST CORP NEWhistory →CL A0.51%$93M1.98M
33ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.51%$92M202.0K
34ABTABBOTT LABShistory →COM0.50%$91M767.9K
35WMTWALMART INChistory →COM0.50%$91M608.0K
36INTCINTEL CORPhistory →COM0.49%$88M1.78M
37CRMSALESFORCE COM INChistory →COM0.47%$85M398.6K
38WFCWELLS FARGO CO NEWhistory →COM0.46%$83M1.71M
39MCDMCDONALDS CORPhistory →COM0.46%$82M333.5K
40DHRDANAHER CORPORATIONhistory →COM0.45%$82M280.0K
41AMDADVANCED MICRO DEVICES INChistory →COM0.43%$78M712.4K
42UNPUNION PAC CORPhistory →COM0.43%$77M281.6K
43QCOMQUALCOMM INChistory →COM0.42%$76M500.2K
44TAT&T INChistory →COM0.41%$74M3.15M
45NKENIKE INChistory →CL B0.41%$73M545.5K
46NEENEXTERA ENERGY INChistory →COM0.40%$73M862.8K
47TXNTEXAS INSTRS INChistory →COM0.40%$73M398.1K
48NFLXNETFLIX INChistory →COM0.40%$71M190.8K
49BMYBRISTOL-MYERS SQUIBB COhistory →COM0.39%$70M960.7K
50UPSUNITED PARCEL SERVICE INChistory →CL B0.38%$68M318.5K
51MDTMEDTRONIC PLChistory →SHS0.36%$66M590.8K
52SPGIS&P GLOBAL INChistory →COM0.35%$64M154.9K
53RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.35%$63M638.1K
54PMPHILIP MORRIS INTL INChistory →COM0.35%$63M671.0K
55LOWLOWES COS INChistory →COM0.33%$60M295.7K
56AMGNAMGEN INChistory →COM0.33%$60M246.1K
57ORCLORACLE CORPhistory →COM0.33%$59M718.8K
58PYPLPAYPAL HLDGS INChistory →COM0.33%$59M512.6K
59COPCONOCOPHILLIPShistory →COM0.33%$59M591.2K
60CVSCVS HEALTH CORPhistory →COM0.33%$59M582.1K
61HONHONEYWELL INTL INChistory →COM0.31%$57M292.5K
62SCHWSCHWAB CHARLES CORPhistory →COM0.30%$55M652.3K
63INTUINTUIThistory →COM0.30%$54M113.1K
64ELVANTHEM INChistory →COM0.30%$54M109.1K
65CATCATERPILLAR INChistory →COM0.29%$53M238.4K
66DEDEERE & COhistory →COM0.29%$52M124.2K
67IBMINTERNATIONAL BUSINESS MACHShistory →COM0.28%$51M394.2K
68PLDPROLOGIS INC.history →COM0.28%$51M316.8K
69AMATAPPLIED MATLS INChistory →COM0.28%$50M383.0K
70AXPAMERICAN EXPRESS COhistory →COM0.28%$50M269.8K
71AMTAMERICAN TOWER CORP NEWhistory →COM0.28%$50M198.6K
72MSMORGAN STANLEYhistory →COM NEW0.27%$49M563.6K
73BLACKROCK INCCOM0.26%$47M62.1K
74NOWSERVICENOW INChistory →COM0.26%$47M85.1K
75LMTLOCKHEED MARTIN CORPhistory →COM0.26%$47M106.8K
76GSGOLDMAN SACHS GROUP INChistory →COM0.26%$47M141.2K
77CCITIGROUP INChistory →COM NEW0.26%$47M872.3K
78ISRGINTUITIVE SURGICAL INChistory →COM NEW0.25%$46M151.0K
79TGTTARGET CORPhistory →COM0.25%$45M213.9K
80SBUXSTARBUCKS CORPhistory →COM0.25%$45M495.4K
81GENERAL ELECTRIC COCOM NEW0.24%$44M477.7K
82BABOEING COhistory →COM0.24%$44M228.2K
83BKNGBOOKING HOLDINGS INChistory →COM0.23%$42M18.0K
84ADPAUTOMATIC DATA PROCESSING INhistory →COM0.23%$42M182.7K
85MOALTRIA GROUP INChistory →COM0.23%$41M792.5K
86CBCHUBB LIMITEDhistory →COM0.22%$40M187.8K
87SYKSTRYKER CORPORATIONhistory →COM0.22%$40M148.6K
88ZTSZOETIS INChistory →CL A0.22%$39M207.9K
89MRSHMARSH & MCLENNAN COS INChistory →COM0.21%$39M226.6K
90BXBLACKSTONE INChistory →COM0.21%$38M302.8K
91GILDGILEAD SCIENCES INChistory →COM0.21%$38M643.6K
92MDLZMONDELEZ INTL INChistory →CL A0.21%$38M606.5K
93MUMICRON TECHNOLOGY INChistory →COM0.21%$38M483.2K
94MMM3M COhistory →COM0.21%$38M252.7K
95CMECME GROUP INChistory →COM0.21%$37M157.6K
96ADIANALOG DEVICES INChistory →COM0.20%$37M223.5K
97DUKDUKE ENERGY CORP NEWhistory →COM NEW0.20%$37M327.9K
98REGNREGENERON PHARMACEUTICALShistory →COM0.20%$36M51.9K
99NEMNEWMONT CORPhistory →COM0.20%$36M448.5K
100CSXCSX CORPhistory →COM0.20%$35M942.1K

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 ↗.