SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$15.1B
Q3 2022
Positions
1,027
Filings on Record
35
2019–present window
Filed
Nov 8, 2022
original filing

Summary

Treasurer Of The State Of North Carolina reported $15.1B in U.S.-listed holdings across 1,027 positions for Q3 2022.

Its largest position, AAPL, represents 6.1% of the portfolio.

Compared with Q2 2022, the fund opened 8 new positions and exited 11.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+25.3%
share of reported value
Largest Position
+6.1%
Apple
New / Exited
8 / 11
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: 95.8%REIT: 3.1%Other: 0.9%ETP: 0.1%Tracking Stk: 0.0%
  • Common Stock · 95.8% · $14.5B
  • REIT · 3.1% · $471M
  • Other · 0.9% · $136M
  • ETP · 0.1% · $15M
  • Tracking Stk · 0.0% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
JJACOBS SOLUTIONS INCNEW+54.8K54.8K+$6M$6M
NLYANNALY CAPITAL MANAGEMENT INNEW+224.7K224.7K+$4M$4M
HRHEALTHCARE RLTY TRNEW+162.5K162.5K+$3M$3M
COHRCOHERENT CORPNEW+54.7K54.7K+$2M$2M
BAPCREDICORP LTDNEW+5.8K5.8K+$715,000$715,000
ZIMZIM INTEGRATED SHIPPING SERVNEW+22.1K22.1K+$519,000$519,000
CHKPCHECK POINT SOFTWARE TECH LTNEW+4.0K4.0K+$452,000$452,000
CPNGCOUPANG INCNEW+11.4K11.4K+$190,000$190,000

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

Holdings — Q3 2022

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM6.11%$923M6.68M
2MSFTMICROSOFT CORPhistory →COM5.02%$758M3.26M
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.20%$484M5.05M
4AMZNAMAZON COM INChistory →COM2.89%$437M3.87M
5TSLATESLA INChistory →COM1.95%$295M1.11M
6UNHUNITEDHEALTH GROUP INChistory →COM1.42%$214M424.6K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.39%$209M784.3K
8JNJJOHNSON & JOHNSONhistory →COM1.30%$196M1.20M
9EXMOCEXXON MOBIL CORPhistory →COM1.05%$158M1.81M
10METAMETA PLATFORMS INChistory →CL A0.94%$141M1.04M
11VVISA INChistory →COM CL A0.87%$131M737.0K
12PGPROCTER AND GAMBLE COhistory →COM0.87%$131M1.04M
13JPMJPMORGAN CHASE & COhistory →COM0.87%$131M1.25M
14HDHOME DEPOT INChistory →COM0.85%$128M464.1K
15NVDANVIDIA CORPORATIONhistory →COM0.85%$128M1.05M
16LLYLILLY ELI & COhistory →COM0.83%$126M390.0K
17CVXCHEVRON CORP NEWhistory →COM0.81%$123M855.6K
18PFEPFIZER INChistory →COM0.76%$115M2.63M
19ABBVABBVIE INChistory →COM0.72%$108M807.3K
20MAMASTERCARD INCORPORATEDhistory →CL A0.71%$108M379.7K
21PEPPEPSICO INChistory →COM0.70%$105M643.8K
22MRKMERCK & CO INChistory →COM0.68%$103M1.19M
23KOCOCA COLA COhistory →COM0.64%$97M1.73M
24COSTCOSTCO WHSL CORP NEWhistory →COM0.62%$94M198.7K
25BACBK OF AMERICA CORPhistory →COM0.62%$94M3.10M
26TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.59%$89M176.4K
27WMTWALMART INChistory →COM0.55%$82M635.6K
28MCDMCDONALDS CORPhistory →COM0.52%$79M340.6K
29CSCOCISCO SYS INChistory →COM0.51%$77M1.93M
30DISDISNEY WALT COhistory →COM0.50%$76M806.7K
31AVGOBROADCOM INChistory →COM0.50%$76M170.1K
32DHRDANAHER CORPORATIONhistory →COM0.50%$75M289.7K
33ABTABBOTT LABShistory →COM0.49%$75M770.9K
34ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.49%$74M285.8K
35VZVERIZON COMMUNICATIONS INChistory →COM0.48%$73M1.92M
36BMYBRISTOL-MYERS SQUIBB COhistory →COM0.45%$68M963.2K
37WFCWELLS FARGO CO NEWhistory →COM0.45%$68M1.68M
38NEENEXTERA ENERGY INChistory →COM0.44%$66M842.4K
39TXNTEXAS INSTRS INChistory →COM0.42%$64M411.1K
40CRMSALESFORCE INChistory →COM0.39%$59M412.9K
41LINDE PLCSHS0.38%$58M215.6K
42COPCONOCOPHILLIPShistory →COM0.38%$58M566.0K
43QCOMQUALCOMM INChistory →COM0.38%$57M508.0K
44PMPHILIP MORRIS INTL INChistory →COM0.38%$57M688.6K
45CMCSACOMCAST CORP NEWhistory →CL A0.38%$57M1.94M
46ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.37%$57M205.4K
47CVSCVS HEALTH CORPhistory →COM0.37%$55M581.4K
48AMGNAMGEN INChistory →COM0.36%$55M243.6K
49LOWLOWES COS INChistory →COM0.36%$55M290.3K
50UPSUNITED PARCEL SERVICE INChistory →CL B0.35%$53M326.2K
51UNPUNION PAC CORPhistory →COM0.35%$52M269.4K
52RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.35%$52M638.0K
53ELVELEVANCE HEALTH INChistory →COM0.34%$51M112.4K
54TAT&T INChistory →COM0.33%$50M3.25M
55HONHONEYWELL INTL INChistory →COM0.32%$48M289.2K
56MDTMEDTRONIC PLChistory →SHS0.32%$48M591.7K
57SCHWSCHWAB CHARLES CORPhistory →COM0.32%$48M662.2K
58IBMINTERNATIONAL BUSINESS MACHShistory →COM0.31%$48M400.2K
59NFLXNETFLIX INChistory →COM0.31%$48M201.8K
60INTCINTEL CORPhistory →COM0.31%$47M1.81M
61INTUINTUIThistory →COM0.30%$46M118.5K
62PYPLPAYPAL HLDGS INChistory →COM0.30%$45M525.1K
63SPGIS&P GLOBAL INChistory →COM0.30%$45M147.5K
64ADPAUTOMATIC DATA PROCESSING INhistory →COM0.30%$45M198.9K
65NKENIKE INChistory →CL B0.30%$45M540.7K
66AMTAMERICAN TOWER CORP NEWhistory →COM0.29%$44M205.4K
67AMDADVANCED MICRO DEVICES INChistory →COM0.29%$44M693.6K
68GSGOLDMAN SACHS GROUP INChistory →COM0.29%$43M148.4K
69LMTLOCKHEED MARTIN CORPhistory →COM0.29%$43M112.5K
70MSMORGAN STANLEYhistory →COM NEW0.28%$43M542.9K
71DEDEERE & COhistory →COM0.28%$43M127.9K
72ORCLORACLE CORPhistory →COM0.28%$43M699.1K
73SBUXSTARBUCKS CORPhistory →COM0.28%$42M495.5K
74GILDGILEAD SCIENCES INChistory →COM0.26%$39M637.7K
75CICIGNA CORP NEWhistory →COM0.26%$39M140.3K
76CATCATERPILLAR INChistory →COM0.25%$39M234.7K
77REGNREGENERON PHARMACEUTICALShistory →COM0.25%$38M55.1K
78AXPAMERICAN EXPRESS COhistory →COM0.25%$38M278.5K
79VRTXVERTEX PHARMACEUTICALS INChistory →COM0.24%$36M125.7K
80CCITIGROUP INChistory →COM NEW0.24%$36M868.4K
81BLACKROCK INCCOM0.24%$36M65.4K
82PGRPROGRESSIVE CORPhistory →COM0.24%$36M305.6K
83MRSHMARSH & MCLENNAN COS INChistory →COM0.23%$35M232.6K
84CBCHUBB LIMITEDhistory →COM0.23%$34M188.7K
85TMUST-MOBILE US INChistory →COM0.23%$34M255.6K
86MDLZMONDELEZ INTL INChistory →CL A0.22%$34M611.5K
87MOALTRIA GROUP INChistory →COM0.22%$33M826.3K
88TJXTJX COS INC NEWhistory →COM0.22%$33M526.5K
89NOWSERVICENOW INChistory →COM0.21%$32M85.9K
90AMATAPPLIED MATLS INChistory →COM0.21%$32M395.4K
91PLDPROLOGIS INC.history →COM0.21%$32M318.5K
92ADIANALOG DEVICES INChistory →COM0.21%$32M229.1K
93SYKSTRYKER CORPORATIONhistory →COM0.21%$31M153.3K
94SOSOUTHERN COhistory →COM0.20%$31M455.3K
95ZTSZOETIS INChistory →CL A0.20%$31M207.9K
96NOCNORTHROP GRUMMAN CORPhistory →COM0.20%$31M65.4K
97DUKDUKE ENERGY CORP NEWhistory →COM NEW0.20%$31M330.3K
98TGTTARGET CORPhistory →COM0.20%$30M205.4K
99GENERAL ELECTRIC COCOM NEW0.20%$30M481.9K
100BKNGBOOKING HOLDINGS INChistory →COM0.20%$30M18.0K

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 ↗.