SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$22.8B
Q1 2024
Positions
1,011
Filings on Record
35
2019–present window
Filed
May 9, 2024
original filing

Summary

Treasurer Of The State Of North Carolina reported $22.8B in U.S.-listed holdings across 1,011 positions for Q1 2024.

Its largest position, MSFT, represents 6.3% of the portfolio.

Compared with Q4 2023, the fund opened 6 new positions and exited 11.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+29.8%
share of reported value
Largest Position
+6.3%
Microsoft
New / Exited
6 / 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: 97.3%REIT: 2.4%Other: 0.3%Tracking Stk: 0.0%ETP: 0.0%
  • Common Stock · 97.3% · $22.2B
  • REIT · 2.4% · $542M
  • Other · 0.3% · $62M
  • Tracking Stk · 0.0% · $11M
  • ETP · 0.0% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CPAYCORPAY INCNEW+39.9K39.9K+$12M$12M
COOCOOPER COS INCNEW+89.3K89.3K+$9M$9M
QIAGEN NVNEW+101.8K101.8K+$4M$4M
LAZLAZARD INCNEW+48.9K48.9K+$2M$2M
MSTRMICROSTRATEGY INCNEW+190190+$324,000$324,000
ELFE L F BEAUTY INCNEW+1.2K1.2K+$239,000$239,000
WMTWALMART INCADDED+1.33M1.98M+$16M$119M
DELLDELL TECHNOLOGIES INCADDED+6.4K9.5K+$847,000$1M

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

Holdings — Q1 2024

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.27%$1.4B3.40M
2AAPLAPPLE INChistory →COM5.03%$1.1B6.69M
3NVDANVIDIA CORPORATIONhistory →COM4.37%$996M1.10M
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.40%$775M5.12M
5AMZNAMAZON COM INChistory →COM3.28%$747M4.14M
6METAMETA PLATFORMS INChistory →CL A2.21%$504M1.04M
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.55%$353M840.6K
8LLYELI LILLY & COhistory →COM1.37%$312M401.1K
9AVGOBROADCOM INChistory →COM1.17%$267M201.6K
10JPMJPMORGAN CHASE & COhistory →COM1.14%$259M1.29M
11TSLATESLA INChistory →COM0.98%$223M1.27M
12UNHUNITEDHEALTH GROUP INChistory →COM0.96%$220M443.9K
13EXMOCEXXON MOBIL CORPhistory →COM0.91%$208M1.79M
14VVISA INChistory →COM CL A0.89%$203M726.6K
15MAMASTERCARD INCORPORATEDhistory →CL A0.82%$187M387.3K
16JNJJOHNSON & JOHNSONhistory →COM0.81%$184M1.16M
17PGPROCTER AND GAMBLE COhistory →COM0.79%$181M1.12M
18HDHOME DEPOT INChistory →COM0.76%$174M454.0K
19MRKMERCK & CO INChistory →COM0.72%$165M1.25M
20ABBVABBVIE INChistory →COM0.69%$158M869.1K
21COSTCOSTCO WHSL CORP NEWhistory →COM0.64%$145M198.1K
22AMDADVANCED MICRO DEVICES INChistory →COM0.58%$132M728.8K
23CRMSALESFORCE INChistory →COM0.58%$131M435.5K
24BACBANK AMERICA CORPhistory →COM0.54%$124M3.26M
25NFLXNETFLIX INChistory →COM0.54%$123M202.2K
26CVXCHEVRON CORP NEWhistory →COM0.53%$121M769.3K
27WMTWALMART INChistory →COM0.52%$119M1.98M
28PEPPEPSICO INChistory →COM0.49%$111M633.0K
29KOCOCA COLA COhistory →COM0.48%$109M1.79M
30ADBEADOBE INChistory →COM0.47%$107M212.8K
31TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.47%$107M184.7K
32DISDISNEY WALT COhistory →COM0.45%$103M840.5K
33CSCOCISCO SYS INChistory →COM0.44%$101M2.03M
34ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.44%$101M291.4K
35LINLINDE PLChistory →SHS0.44%$101M216.7K
36ORCLORACLE CORPhistory →COM0.43%$98M778.3K
37WFCWELLS FARGO CO NEWhistory →COM0.42%$96M1.65M
38MCDMCDONALDS CORPhistory →COM0.41%$94M335.1K
39ABTABBOTT LABShistory →COM0.40%$92M812.0K
40VZVERIZON COMMUNICATIONS INChistory →COM0.40%$92M2.19M
41QCOMQUALCOMM INChistory →COM0.40%$91M538.2K
42INTCINTEL CORPhistory →COM0.39%$89M2.02M
43IBMINTERNATIONAL BUSINESS MACHShistory →COM0.39%$89M463.6K
44CMCSACOMCAST CORP NEWhistory →CL A0.38%$87M2.00M
45CATCATERPILLAR INChistory →COM0.38%$86M235.5K
46GENERAL ELECTRIC COCOM NEW0.37%$85M484.7K
47INTUINTUIThistory →COM0.37%$84M129.8K
48AMATAPPLIED MATLS INChistory →COM0.36%$83M402.3K
49PFEPFIZER INChistory →COM0.35%$80M2.89M
50TXNTEXAS INSTRS INChistory →COM0.35%$79M454.5K
51DHRDANAHER CORPORATIONhistory →COM0.34%$79M314.8K
52AMGNAMGEN INChistory →COM0.33%$75M262.4K
53UBERUBER TECHNOLOGIES INChistory →COM0.31%$70M904.7K
54NOWSERVICENOW INChistory →COM0.30%$69M91.1K
55COPCONOCOPHILLIPShistory →COM0.30%$69M540.3K
56AXPAMERICAN EXPRESS COhistory →COM0.30%$67M295.7K
57UNPUNION PAC CORPhistory →COM0.29%$67M272.5K
58TAT&T INChistory →COM0.29%$66M3.78M
59LOWLOWES COS INChistory →COM0.29%$66M258.2K
60ISRGINTUITIVE SURGICAL INChistory →COM NEW0.28%$64M160.9K
61PMPHILIP MORRIS INTL INChistory →COM0.28%$64M693.8K
62PGRPROGRESSIVE CORPhistory →COM0.28%$63M305.9K
63RTXRTX CORPORATIONhistory →COM0.28%$63M642.9K
64HONHONEYWELL INTL INChistory →COM0.27%$61M297.6K
65LAM RESEARCH CORPCOM0.27%$61M62.5K
66GSGOLDMAN SACHS GROUP INChistory →COM0.27%$61M145.1K
67SPGIS&P GLOBAL INChistory →COM0.27%$60M142.0K
68MUMICRON TECHNOLOGY INChistory →COM0.26%$59M502.3K
69NEENEXTERA ENERGY INChistory →COM0.26%$59M917.7K
70MDTMEDTRONIC PLChistory →SHS0.26%$59M672.6K
71SYKSTRYKER CORPORATIONhistory →COM0.26%$59M163.7K
72BKNGBOOKING HOLDINGS INChistory →COM0.26%$59M16.1K
73ELVELEVANCE HEALTH INChistory →COM0.26%$58M112.1K
74BMYBRISTOL-MYERS SQUIBB COhistory →COM0.25%$58M1.07M
75ETNEATON CORP PLChistory →SHS0.25%$57M183.7K
76BLACKROCK INCCOM0.25%$57M68.0K
77CCITIGROUP INChistory →COM NEW0.24%$56M878.0K
78REGNREGENERON PHARMACEUTICALShistory →COM0.24%$55M57.6K
79PLDPROLOGIS INC.history →COM0.24%$55M420.9K
80VRTXVERTEX PHARMACEUTICALS INChistory →COM0.24%$55M130.7K
81CITHE CIGNA GROUPhistory →COM0.24%$54M148.6K
82TJXTJX COS INC NEWhistory →COM0.23%$53M523.8K
83CBCHUBB LIMITEDhistory →COM0.23%$53M202.9K
84NKENIKE INChistory →CL B0.22%$51M540.2K
85CVSCVS HEALTH CORPhistory →COM0.22%$50M625.6K
86GILDGILEAD SCIENCES INChistory →COM0.22%$50M677.7K
87MSMORGAN STANLEYhistory →COM NEW0.22%$50M526.5K
88UPSUNITED PARCEL SERVICE INChistory →CL B0.22%$49M332.8K
89ADIANALOG DEVICES INChistory →COM0.22%$49M249.9K
90SCHWSCHWAB CHARLES CORPhistory →COM0.22%$49M680.5K
91BABOEING COhistory →COM0.21%$49M252.8K
92DEDEERE & COhistory →COM0.21%$49M118.4K
93ADPAUTOMATIC DATA PROCESSING INhistory →COM0.21%$47M190.0K
94KLACKLA CORPhistory →COM NEW0.21%$47M67.6K
95MRSHMARSH & MCLENNAN COS INChistory →COM0.21%$47M227.4K
96BSXBOSTON SCIENTIFIC CORPhistory →COM0.20%$46M672.2K
97SBUXSTARBUCKS CORPhistory →COM0.20%$45M496.9K
98LMTLOCKHEED MARTIN CORPhistory →COM0.20%$45M99.7K
99MDLZMONDELEZ INTL INChistory →CL A0.19%$44M624.7K
100FISVFISERV INChistory →COM0.19%$43M271.2K

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 ↗.