SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$15.8B
Q2 2022
Positions
1,030
Filings on Record
35
2019–present window
Filed
Aug 2, 2022
original filing

Summary

Treasurer Of The State Of North Carolina reported $15.8B in U.S.-listed holdings across 1,030 positions for Q2 2022.

Its largest position, AAPL, represents 5.7% of the portfolio.

Compared with Q1 2022, the fund opened 52 new positions and exited 51.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+24.8%
share of reported value
Largest Position
+5.7%
Apple
New / Exited
52 / 51
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: 3.4%Other: 0.9%ETP: 0.1%Tracking Stk: 0.0%
  • Common Stock · 95.6% · $15.1B
  • REIT · 3.4% · $532M
  • Other · 0.9% · $148M
  • ETP · 0.1% · $11M
  • Tracking Stk · 0.0% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABNBAIRBNB INCNEW+159.9K159.9K+$14M$14M
WBDWARNER BROS DISCOVERY INCNEW+1.03M1.03M+$14M$14M
RBLXROBLOX CORPNEW+190.3K190.3K+$6M$6M
OVVOVINTIV INCNEW+109.3K109.3K+$5M$5M
EXECHESAPEAKE ENERGY CORPNEW+53.9K53.9K+$4M$4M
GTMZOOMINFO TECHNOLOGIES INCNEW+116.3K116.3K+$4M$4M
ARANTERO RESOURCES CORPNEW+124.3K124.3K+$4M$4M
BJBJS WHSL CLUB HLDGS INCNEW+56.7K56.7K+$4M$4M

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

Holdings — Q2 2022

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.75%$910M6.66M
2MSFTMICROSOFT CORPhistory →COM5.26%$833M3.24M
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.49%$553M253.2K
4AMZNAMAZON COM INChistory →COM2.59%$410M3.86M
5TSLATESLA INChistory →COM1.57%$249M369.4K
6BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.39%$220M805.1K
7UNHUNITEDHEALTH GROUP INChistory →COM1.37%$217M423.0K
8JNJJOHNSON & JOHNSONhistory →COM1.34%$212M1.19M
9METAMETA PLATFORMS INChistory →CL A1.05%$167M1.04M
10NVDANVIDIA CORPORATIONhistory →COM1.01%$160M1.06M
11EXMOCEXXON MOBIL CORPhistory →COM0.98%$156M1.82M
12PGPROCTER AND GAMBLE COhistory →COM0.95%$151M1.05M
13VVISA INChistory →COM CL A0.91%$144M731.1K
14JPMJPMORGAN CHASE & COhistory →COM0.89%$140M1.25M
15PFEPFIZER INChistory →COM0.86%$136M2.60M
16LLYLILLY ELI & COhistory →COM0.80%$127M390.8K
17HDHOME DEPOT INChistory →COM0.80%$126M460.2K
18CVXCHEVRON CORP NEWhistory →COM0.78%$123M850.5K
19ABBVABBVIE INChistory →COM0.77%$123M801.1K
20MAMASTERCARD INCORPORATEDhistory →CL A0.76%$120M379.1K
21KOCOCA COLA COhistory →COM0.68%$108M1.72M
22MRKMERCK & CO INChistory →COM0.67%$107M1.17M
23PEPPEPSICO INChistory →COM0.66%$104M625.8K
24VZVERIZON COMMUNICATIONS INChistory →COM0.61%$96M1.90M
25BACBK OF AMERICA CORPhistory →COM0.60%$96M3.08M
26TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.60%$95M175.8K
27COSTCOSTCO WHSL CORP NEWhistory →COM0.60%$95M198.4K
28AVGOBROADCOM INChistory →COM0.53%$84M173.2K
29MCDMCDONALDS CORPhistory →COM0.53%$84M339.4K
30ABTABBOTT LABShistory →COM0.53%$83M768.0K
31CSCOCISCO SYS INChistory →COM0.51%$81M1.90M
32ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.50%$79M282.8K
33WMTWALMART INChistory →COM0.49%$77M633.0K
34CMCSACOMCAST CORP NEWhistory →CL A0.49%$77M1.96M
35DISDISNEY WALT COhistory →COM0.48%$76M803.6K
36ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.47%$75M205.4K
37BMYBRISTOL-MYERS SQUIBB COhistory →COM0.46%$73M954.2K
38DHRDANAHER CORPORATIONhistory →COM0.46%$73M288.5K
39INTCINTEL CORPhistory →COM0.43%$68M1.83M
40CRMSALESFORCE INChistory →COM0.43%$68M411.8K
41PMPHILIP MORRIS INTL INChistory →COM0.43%$68M685.9K
42TAT&T INChistory →COM0.42%$67M3.19M
43WFCWELLS FARGO CO NEWhistory →COM0.41%$66M1.67M
44QCOMQUALCOMM INChistory →COM0.41%$65M509.8K
45NEENEXTERA ENERGY INChistory →COM0.41%$65M839.0K
46TXNTEXAS INSTRS INChistory →COM0.40%$63M408.7K
47LINDE PLCSHS0.39%$62M214.7K
48RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.39%$61M635.4K
49UPSUNITED PARCEL SERVICE INChistory →CL B0.37%$59M324.2K
50AMGNAMGEN INChistory →COM0.37%$58M239.7K
51UNPUNION PAC CORPhistory →COM0.36%$57M268.3K
52IBMINTERNATIONAL BUSINESS MACHShistory →COM0.36%$56M399.4K
53NKENIKE INChistory →CL B0.35%$56M546.7K
54AMDADVANCED MICRO DEVICES INChistory →COM0.34%$55M714.3K
55CVSCVS HEALTH CORPhistory →COM0.34%$54M583.4K
56ELVELEVANCE HEALTH INChistory →COM0.34%$54M111.9K
57MDTMEDTRONIC PLChistory →SHS0.33%$53M589.7K
58AMTAMERICAN TOWER CORP NEWhistory →COM0.33%$52M204.5K
59LOWLOWES COS INChistory →COM0.33%$52M298.4K
60COPCONOCOPHILLIPShistory →COM0.33%$52M579.1K
61SPGIS&P GLOBAL INChistory →COM0.32%$51M151.0K
62HONHONEYWELL INTL INChistory →COM0.32%$51M291.0K
63ORCLORACLE CORPhistory →COM0.31%$49M697.6K
64LMTLOCKHEED MARTIN CORPhistory →COM0.30%$47M109.7K
65INTUINTUIThistory →COM0.29%$46M118.7K
66GSGOLDMAN SACHS GROUP INChistory →COM0.28%$44M146.8K
67MSMORGAN STANLEYhistory →COM NEW0.27%$42M557.1K
68CATCATERPILLAR INChistory →COM0.27%$42M236.0K
69SCHWSCHWAB CHARLES CORPhistory →COM0.27%$42M667.0K
70ADPAUTOMATIC DATA PROCESSING INhistory →COM0.26%$41M196.3K
71CCITIGROUP INChistory →COM NEW0.26%$41M889.2K
72NOWSERVICENOW INChistory →COM0.26%$41M85.6K
73BLACKROCK INCCOM0.25%$40M65.9K
74GILDGILEAD SCIENCES INChistory →COM0.25%$40M646.9K
75CICIGNA CORP NEWhistory →COM0.24%$39M146.6K
76MDLZMONDELEZ INTL INChistory →CL A0.24%$38M609.5K
77SBUXSTARBUCKS CORPhistory →COM0.24%$38M495.1K
78CBCHUBB LIMITEDhistory →COM0.24%$38M192.0K
79AXPAMERICAN EXPRESS COhistory →COM0.24%$38M271.8K
80PLDPROLOGIS INC.history →COM0.24%$37M318.7K
81DEDEERE & COhistory →COM0.24%$37M124.9K
82PYPLPAYPAL HLDGS INChistory →COM0.23%$37M523.6K
83AMATAPPLIED MATLS INChistory →COM0.23%$37M401.6K
84MRSHMARSH & MCLENNAN COS INChistory →COM0.23%$36M231.7K
85ZTSZOETIS INChistory →CL A0.22%$36M207.1K
86VRTXVERTEX PHARMACEUTICALS INChistory →COM0.22%$35M125.2K
87DUKDUKE ENERGY CORP NEWhistory →COM NEW0.22%$35M329.0K
88NFLXNETFLIX INChistory →COM0.22%$34M196.8K
89MOALTRIA GROUP INChistory →COM0.22%$34M822.9K
90TMUST-MOBILE US INChistory →COM0.22%$34M254.6K
91ADIANALOG DEVICES INChistory →COM0.21%$34M230.1K
92PGRPROGRESSIVE CORPhistory →COM0.21%$33M287.1K
93MMM3M COhistory →COM0.21%$33M256.7K
94CCICROWN CASTLE INTL CORP NEWhistory →COM0.21%$33M193.9K
95BDXBECTON DICKINSON & COhistory →COM0.21%$32M131.8K
96CMECME GROUP INChistory →COM0.20%$32M158.1K
97SOSOUTHERN COhistory →COM0.20%$32M453.5K
98REGNREGENERON PHARMACEUTICALShistory →COM0.20%$32M54.2K
99BABOEING COhistory →COM0.20%$32M234.2K
100NOCNORTHROP GRUMMAN CORPhistory →COM0.20%$32M66.1K

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 ↗.