SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Treasurer of the State of North Carolina

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

Reported Value
$25.0B
Q3 2024
Positions
1,021
Filings on Record
35
2019–present window
Filed
Nov 14, 2024
original filing

Summary

Treasurer Of The State Of North Carolina reported $25.0B in U.S.-listed holdings across 1,021 positions for Q3 2024.

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

Compared with Q2 2024, the fund opened 9 new positions and exited 8.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+31.7%
share of reported value
Largest Position
+6.1%
Apple
New / Exited
9 / 8
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: 97.2%REIT: 2.5%ETP: 0.1%Other: 0.1%Tracking Stk: 0.0%
  • Common Stock · 97.2% · $24.3B
  • REIT · 2.5% · $635M
  • ETP · 0.1% · $31M
  • Other · 0.1% · $28M
  • Tracking Stk · 0.0% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FERGFERGUSON ENTERPRISES INCNEW+95.5K95.5K+$19M$19M
SWSMURFIT WESTROCK PLCNEW+225.9K225.9K+$11M$11M
INSMINSMED INCNEW+42.5K42.5K+$3M$3M
SIRISIRIUSXM HOLDINGS INCNEW+106.6K106.6K+$3M$3M
LINELINEAGE INCNEW+26.9K26.9K+$2M$2M
AMTMAMENTUM HOLDINGS INCNEW+54.5K54.5K+$2M$2M
TELTE CONNECTIVITY PLCNEW+3.8K3.8K+$574,000$574,000
MELIMERCADOLIBRE INCNEW+250250+$513,000$513,000

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

Holdings — Q3 2024

499 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM6.14%$1.5B6.59M
2MSFTMICROSOFT CORPhistory →COM5.81%$1.5B3.38M
3NVDANVIDIA CORPORATIONhistory →COM5.21%$1.3B10.72M
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.34%$836M5.02M
5AMZNAMAZON COM INChistory →COM3.18%$795M4.27M
6METAMETA PLATFORMS INChistory →CL A2.37%$592M1.03M
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.51%$378M821.8K
8AVGOBROADCOM INChistory →COM1.49%$372M2.15M
9LLYELI LILLY & COhistory →COM1.35%$339M382.5K
10TSLATESLA INChistory →COM1.34%$335M1.28M
11JPMJPMORGAN CHASE & CO.history →COM1.07%$268M1.27M
12UNHUNITEDHEALTH GROUP INChistory →COM0.99%$248M424.0K
13EXMOCEXXON MOBIL CORPhistory →COM0.92%$230M1.96M
14VVISA INChistory →COM CL A0.78%$196M714.3K
15PGPROCTER AND GAMBLE COhistory →COM0.77%$194M1.12M
16MAMASTERCARD INCORPORATEDhistory →CL A0.76%$190M385.7K
17JNJJOHNSON & JOHNSONhistory →COM0.72%$180M1.11M
18HDHOME DEPOT INChistory →COM0.70%$176M433.7K
19ABBVABBVIE INChistory →COM0.69%$173M877.4K
20COSTCOSTCO WHSL CORP NEWhistory →COM0.69%$172M193.8K
21WMTWALMART INChistory →COM0.66%$165M2.04M
22NFLXNETFLIX INChistory →COM0.57%$143M201.1K
23ORCLORACLE CORPhistory →COM0.57%$142M833.9K
24MRKMERCK & CO INChistory →COM0.55%$137M1.21M
25BACBANK AMERICA CORPhistory →COM0.53%$133M3.34M
26KOCOCA COLA COhistory →COM0.50%$125M1.74M
27CRMSALESFORCE INChistory →COM0.49%$122M444.3K
28AMDADVANCED MICRO DEVICES INChistory →COM0.47%$118M720.8K
29TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.47%$118M190.4K
30CSCOCISCO SYS INChistory →COM0.45%$113M2.12M
31CVXCHEVRON CORP NEWhistory →COM0.44%$111M753.3K
32ADBEADOBE INChistory →COM0.44%$109M210.9K
33IBMINTERNATIONAL BUSINESS MACHShistory →COM0.43%$109M491.4K
34PEPPEPSICO INChistory →COM0.42%$105M618.3K
35LINLINDE PLChistory →SHS0.40%$100M210.1K
36ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.40%$100M282.2K
37QCOMQUALCOMM INChistory →COM0.40%$99M581.9K
38TXNTEXAS INSTRS INChistory →COM0.39%$99M477.7K
39MCDMCDONALDS CORPhistory →COM0.39%$99M324.0K
40DHRDANAHER CORPORATIONhistory →COM0.37%$93M335.6K
41VZVERIZON COMMUNICATIONS INChistory →COM0.37%$92M2.05M
42GE AEROSPACECOM NEW0.36%$90M475.9K
43TAT&T INChistory →COM0.36%$90M4.08M
44WFCWELLS FARGO CO NEWhistory →COM0.36%$89M1.57M
45CATCATERPILLAR INChistory →COM0.36%$89M227.4K
46ABTABBOTT LABShistory →COM0.35%$89M777.7K
47NOWSERVICENOW INChistory →COM0.35%$87M97.1K
48INTUINTUIThistory →COM0.35%$86M139.2K
49PMPHILIP MORRIS INTL INChistory →COM0.35%$86M711.1K
50AMATAPPLIED MATLS INChistory →COM0.34%$86M426.7K
51CMCSACOMCAST CORP NEWhistory →CL A0.34%$86M2.06M
52AMGNAMGEN INChistory →COM0.33%$84M259.8K
53AXPAMERICAN EXPRESS COhistory →COM0.33%$82M302.0K
54DISDISNEY WALT COhistory →COM0.32%$81M845.2K
55PFEPFIZER INChistory →COM0.32%$81M2.81M
56ISRGINTUITIVE SURGICAL INChistory →COM NEW0.31%$78M159.6K
57NEENEXTERA ENERGY INChistory →COM0.30%$76M899.0K
58PGRPROGRESSIVE CORPhistory →COM0.29%$74M290.7K
59SPGIS&P GLOBAL INChistory →COM0.28%$71M137.6K
60RTXRTX CORPORATIONhistory →COM0.28%$70M581.4K
61GSGOLDMAN SACHS GROUP INChistory →COM0.28%$70M141.8K
62UBERUBER TECHNOLOGIES INChistory →COM0.27%$68M903.8K
63LOWLOWES COS INChistory →COM0.27%$68M250.3K
64BKNGBOOKING HOLDINGS INChistory →COM0.27%$68M16.1K
65BLACKROCK INCCOM0.27%$67M70.2K
66UNPUNION PAC CORPhistory →COM0.26%$66M266.7K
67MDTMEDTRONIC PLChistory →SHS0.26%$64M713.4K
68REGNREGENERON PHARMACEUTICALShistory →COM0.25%$62M58.6K
69TJXTJX COS INC NEWhistory →COM0.24%$60M509.5K
70ADIANALOG DEVICES INChistory →COM0.24%$60M259.2K
71SYKSTRYKER CORPORATIONhistory →COM0.24%$59M163.1K
72HONHONEYWELL INTL INChistory →COM0.24%$59M284.9K
73ETNEATON CORP PLChistory →SHS0.23%$58M174.5K
74LMTLOCKHEED MARTIN CORPhistory →COM0.23%$58M98.9K
75ELVELEVANCE HEALTH INChistory →COM0.22%$56M107.3K
76BSXBOSTON SCIENTIFIC CORPhistory →COM0.22%$56M662.9K
77PANWPALO ALTO NETWORKS INChistory →COM0.22%$55M162.2K
78KLACKLA CORPhistory →COM NEW0.22%$55M71.6K
79BMYBRISTOL-MYERS SQUIBB COhistory →COM0.22%$55M1.07M
80CBCHUBB LIMITEDhistory →COM0.22%$54M189.0K
81MSMORGAN STANLEYhistory →COM NEW0.22%$54M519.4K
82VRTXVERTEX PHARMACEUTICALS INChistory →COM0.22%$54M116.3K
83COPCONOCOPHILLIPShistory →COM0.22%$54M512.3K
84CCITIGROUP INChistory →COM NEW0.22%$54M861.1K
85MUMICRON TECHNOLOGY INChistory →COM0.21%$53M513.3K
86CITHE CIGNA GROUPhistory →COM0.21%$53M153.6K
87GILDGILEAD SCIENCES INChistory →COM0.21%$53M632.0K
88PLDPROLOGIS INC.history →COM0.20%$51M405.5K
89ADPAUTOMATIC DATA PROCESSING INhistory →COM0.20%$51M184.8K
90LAM RESEARCH CORPCOM0.20%$51M62.2K
91CLCOLGATE PALMOLIVE COhistory →COM0.20%$51M488.1K
92MRSHMARSH & MCLENNAN COS INChistory →COM0.20%$49M221.7K
93AMTAMERICAN TOWER CORP NEWhistory →COM0.20%$49M209.9K
94ARISTA NETWORKS INCCOM0.19%$48M126.2K
95SBUXSTARBUCKS CORPhistory →COM0.19%$48M495.4K
96NKENIKE INChistory →CL B0.19%$48M540.7K
97DEDEERE & COhistory →COM0.19%$47M113.4K
98BXBLACKSTONE INChistory →COM0.19%$47M308.5K
99WMWASTE MGMT INC DELhistory →COM0.19%$47M227.5K
100INTCINTEL CORPhistory →COM0.19%$47M2.00M

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 ↗.