SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$23.6B
Q2 2024
Positions
1,020
Filings on Record
35
2019–present window
Filed
Aug 14, 2024
original filing

Summary

Treasurer Of The State Of North Carolina reported $23.6B in U.S.-listed holdings across 1,020 positions for Q2 2024.

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

Compared with Q1 2024, the fund opened 40 new positions and exited 31.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+33.0%
share of reported value
Largest Position
+6.4%
Microsoft
New / Exited
40 / 31
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: 97.5%REIT: 2.3%Other: 0.2%Tracking Stk: 0.0%ETP: 0.0%
  • Common Stock · 97.5% · $23.0B
  • REIT · 2.3% · $532M
  • Other · 0.2% · $47M
  • Tracking Stk · 0.0% · $10M
  • ETP · 0.0% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRHCRH PLCNEW+299.1K299.1K+$22M$22M
GEVGE VERNOVA INCNEW+118.6K118.6K+$20M$20M
LHLABCORP HOLDINGS INCNEW+37.6K37.6K+$8M$8M
CVNACARVANA CONEW+45.9K45.9K+$6M$6M
ONTOONTO INNOVATION INCNEW+21.3K21.3K+$5M$5M
FIXCOMFORT SYS USA INCNEW+15.3K15.3K+$5M$5M
CHRDCHORD ENERGY CORPORATIONNEW+26.9K26.9K+$5M$5M
PRPERMIAN RESOURCES CORPNEW+273.3K273.3K+$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 2024

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.36%$1.5B3.36M
2AAPLAPPLE INChistory →COM5.89%$1.4B6.59M
3NVDANVIDIA CORPORATIONhistory →COM5.66%$1.3B10.80M
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.87%$912M4.99M
5AMZNAMAZON COM INChistory →COM3.48%$821M4.25M
6METAMETA PLATFORMS INChistory →CL A2.20%$519M1.03M
7LLYELI LILLY & COhistory →COM1.55%$365M403.0K
8AVGOBROADCOM INChistory →COM1.47%$348M216.5K
9BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.44%$340M834.7K
10JPMJPMORGAN CHASE & CO.history →COM1.08%$255M1.26M
11TSLATESLA INChistory →COM1.06%$251M1.27M
12EXMOCEXXON MOBIL CORPhistory →COM0.95%$225M1.95M
13UNHUNITEDHEALTH GROUP INChistory →COM0.91%$215M422.1K
14VVISA INChistory →COM CL A0.79%$186M709.8K
15PGPROCTER AND GAMBLE COhistory →COM0.78%$184M1.11M
16JNJJOHNSON & JOHNSONhistory →COM0.74%$174M1.19M
17MAMASTERCARD INCORPORATEDhistory →CL A0.73%$171M388.4K
18COSTCOSTCO WHSL CORP NEWhistory →COM0.70%$164M193.1K
19MRKMERCK & CO INChistory →COM0.66%$155M1.25M
20HDHOME DEPOT INChistory →COM0.64%$152M440.6K
21ABBVABBVIE INChistory →COM0.64%$151M879.0K
22WMTWALMART INChistory →COM0.60%$142M2.09M
23NFLXNETFLIX INChistory →COM0.57%$135M200.3K
24BACBANK AMERICA CORPhistory →COM0.56%$132M3.33M
25ADBEADOBE INChistory →COM0.51%$120M215.1K
26AMDADVANCED MICRO DEVICES INChistory →COM0.50%$118M726.2K
27CVXCHEVRON CORP NEWhistory →COM0.50%$117M750.2K
28ORCLORACLE CORPhistory →COM0.50%$117M828.3K
29CRMSALESFORCE INChistory →COM0.49%$116M450.8K
30QCOMQUALCOMM INChistory →COM0.47%$111M557.7K
31KOCOCA COLA COhistory →COM0.47%$111M1.74M
32TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.43%$103M185.4K
33PEPPEPSICO INChistory →COM0.43%$102M615.5K
34CSCOCISCO SYS INChistory →COM0.43%$100M2.11M
35AMATAPPLIED MATLS INChistory →COM0.42%$99M419.4K
36WFCWELLS FARGO CO NEWhistory →COM0.42%$98M1.65M
37TXNTEXAS INSTRS INChistory →COM0.39%$93M476.6K
38VZVERIZON COMMUNICATIONS INChistory →COM0.39%$92M2.23M
39LINLINDE PLChistory →SHS0.39%$92M209.2K
40INTUINTUIThistory →COM0.39%$91M138.6K
41ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.38%$90M295.9K
42IBMINTERNATIONAL BUSINESS MACHShistory →COM0.36%$85M491.4K
43DHRDANAHER CORPORATIONhistory →COM0.35%$83M330.5K
44DISDISNEY WALT COhistory →COM0.35%$83M831.8K
45MCDMCDONALDS CORPhistory →COM0.35%$82M322.6K
46AMGNAMGEN INChistory →COM0.35%$82M261.8K
47ABTABBOTT LABShistory →COM0.35%$82M784.5K
48CMCSACOMCAST CORP NEWhistory →CL A0.34%$81M2.07M
49PFEPFIZER INChistory →COM0.33%$78M2.79M
50NOWSERVICENOW INChistory →COM0.32%$76M96.6K
51CATCATERPILLAR INChistory →COM0.32%$75M226.5K
52GE AEROSPACECOM NEW0.32%$75M474.0K
53TAT&T INChistory →COM0.30%$71M3.74M
54AXPAMERICAN EXPRESS COhistory →COM0.30%$71M305.5K
55ISRGINTUITIVE SURGICAL INChistory →COM NEW0.30%$71M158.9K
56LAM RESEARCH CORPCOM0.30%$70M66.1K
57PMPHILIP MORRIS INTL INChistory →COM0.29%$69M676.9K
58UBERUBER TECHNOLOGIES INChistory →COM0.28%$65M899.5K
59MUMICRON TECHNOLOGY INChistory →COM0.28%$65M493.5K
60GSGOLDMAN SACHS GROUP INChistory →COM0.27%$64M141.2K
61NEENEXTERA ENERGY INChistory →COM0.27%$63M895.3K
62INTCINTEL CORPhistory →COM0.27%$63M2.03M
63REGNREGENERON PHARMACEUTICALShistory →COM0.26%$62M59.1K
64VRTXVERTEX PHARMACEUTICALS INChistory →COM0.26%$62M131.9K
65SPGIS&P GLOBAL INChistory →COM0.26%$62M138.2K
66ADIANALOG DEVICES INChistory →COM0.26%$61M268.8K
67BKNGBOOKING HOLDINGS INChistory →COM0.26%$61M15.5K
68COPCONOCOPHILLIPShistory →COM0.26%$61M533.9K
69PGRPROGRESSIVE CORPhistory →COM0.26%$61M292.2K
70HONHONEYWELL INTL INChistory →COM0.26%$61M283.7K
71UNPUNION PAC CORPhistory →COM0.25%$60M265.6K
72KLACKLA CORPhistory →COM NEW0.25%$59M71.7K
73RTXRTX CORPORATIONhistory →COM0.25%$58M579.0K
74MDTMEDTRONIC PLChistory →SHS0.24%$57M730.0K
75ELVELEVANCE HEALTH INChistory →COM0.24%$56M104.1K
76TJXTJX COS INC NEWhistory →COM0.24%$56M507.2K
77BLACKROCK INCCOM0.24%$56M70.6K
78SYKSTRYKER CORPORATIONhistory →COM0.23%$55M162.8K
79LOWLOWES COS INChistory →COM0.23%$55M249.3K
80ETNEATON CORP PLChistory →SHS0.23%$55M173.8K
81CCITIGROUP INChistory →COM NEW0.23%$54M857.1K
82PANWPALO ALTO NETWORKS INChistory →COM0.23%$54M160.3K
83BSXBOSTON SCIENTIFIC CORPhistory →COM0.22%$51M663.6K
84MSMORGAN STANLEYhistory →COM NEW0.21%$51M520.5K
85CITHE CIGNA GROUPhistory →COM0.21%$50M152.0K
86SCHWSCHWAB CHARLES CORPhistory →COM0.21%$49M663.4K
87CBCHUBB LIMITEDhistory →COM0.20%$48M188.4K
88WMWASTE MGMT INC DELhistory →COM0.20%$47M222.4K
89MRSHMARSH & MCLENNAN COS INChistory →COM0.20%$47M220.7K
90PLDPROLOGIS INC.history →COM0.20%$46M410.5K
91BABOEING COhistory →COM0.20%$46M253.1K
92LMTLOCKHEED MARTIN CORPhistory →COM0.20%$46M98.5K
93UPSUNITED PARCEL SERVICE INChistory →CL B0.19%$45M326.3K
94ARISTA NETWORKS INCCOM0.19%$44M126.5K
95ADPAUTOMATIC DATA PROCESSING INhistory →COM0.19%$44M184.0K
96BMYBRISTOL-MYERS SQUIBB COhistory →COM0.19%$44M1.06M
97GILDGILEAD SCIENCES INChistory →COM0.18%$43M626.0K
98DEDEERE & COhistory →COM0.18%$43M114.0K
99SNPSSYNOPSYS INChistory →COM0.17%$41M69.0K
100AMTAMERICAN TOWER CORP NEWhistory →COM0.17%$41M209.0K

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 ↗.