Treasurer of the State of North Carolina
RALEIGH, NC
$38.8bn in 1,096 US stocks at the end of 30 June 2026. The top 10 are 32.0% of the money. It changed about 12.5% of the portfolio this quarter.
Value
$38.8bn
Stocks
1,096
Top 10 share
32.0%
Turnover
12.5%
What changed this quarter
New
Bought for the first time this quarter.
- Invesco Exch Traded FD TR IIVRP0.9% of the fund
- Vaneck ETF TrustPFXF0.4% of the fund
- Ishares TRIFRA0.4% of the fund
- Global X FDSMLPX0.4% of the fund
- IsharesPOWR0.3% of the fund
- Vanguard Scottsdale FDSVGLT0.3% of the fund
- Ishares U S ETF TRCOMT0.2% of the fund
- Ishares TREXI0.2% of the fund
- Global X FDSPAVE0.1% of the fund
- Etfis SER TR IUTES0.1% of the fund
- First TR Exchange-Traded FDGRID0.1% of the fund
- Spdr Series TrustXOP0.1% of the fund
- Space Exploration TechnologiesSPCX<0.1% of the fund
- Bloom EnergyBE<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- Ishares TRIGF<0.1% of the fund
- CarnivalCCL<0.1% of the fund
- Ishares TRIXC<0.1% of the fund
- Sprott FDS TRSETM<0.1% of the fund
- Credo Technology Group HoldingCRDO<0.1% of the fund
- EnbridgeENB<0.1% of the fund
- CoreWeaveCRWV<0.1% of the fund
- Sterling InfrastructureSTRL<0.1% of the fund
- TC EnergyTRP<0.1% of the fund
Added
Bought more of a stock they already held.
- MicrosoftMSFT3.5% of the fund+4%
- TeslaTSLA1.6% of the fund+3%
- Texas InstrumentsTXN0.5% of the fund+7%
- MerckMRK0.4% of the fund+16%
- GE VernovaGEV0.4% of the fund+8%
- AmphenolAPH0.3% of the fund+38%
- American ExpressAXP0.3% of the fund+5%
- McDonald'sMCD0.3% of the fund+8%
- Arista NetworksANET0.3% of the fund+18%
- Marvell TechnologyMRVL0.3% of the fund+3%
- General DynamicsGD0.3% of the fund+3%
- Duke EnergyDUK0.3% of the fund+29%
- Thermo Fisher ScientificTMO0.3% of the fund+2%
- Charles SchwabSCHW0.2% of the fund+46%
- NextEra EnergyNEE0.2% of the fund+18%
- Capital One FinancialCOF0.2% of the fund+5%
- SalesforceCRM0.2% of the fund+23%
- ConocoPhillipsCOP0.2% of the fund+18%
- EatonETN0.2% of the fund+14%
- AmetekAME0.2% of the fund+16%
- Union PacificUNP0.2% of the fund+9%
- DeereDE0.2% of the fund+6%
- WelltowerWELL0.2% of the fund+2%
- AmerenAEE0.2% of the fund+332%
- United RentalsURI0.2% of the fund+8%
Cut
Sold some of their stake.
- Micron TechnologyMU1.7% of the fund-12%
- JPMorgan ChaseJPM1.0% of the fund-2%
- Lam ResearchLRCX0.9% of the fund-16%
- Applied MaterialsAMAT0.9% of the fund-10%
- VisaV0.8% of the fund-9%
- KLAKLAC0.7% of the fund-17%
- AbbVieABBV0.5% of the fund-4%
- MastercardMA0.5% of the fund-21%
- SandiskSNDK0.4% of the fund-3%
- General ElectricGE0.4% of the fund-4%
- UnitedHealth GroupUNH0.4% of the fund-18%
- International Business MachinesIBM0.4% of the fund-8%
- QualcommQCOM0.3% of the fund-10%
- Goldman Sachs GroupGS0.3% of the fund-2%
- Philip Morris InternationalPM0.3% of the fund-8%
- Palo Alto NetworksPANW0.3% of the fund-21%
- Western DigitalWDC0.3% of the fund-7%
- LindeLIN0.3% of the fund-2%
- CitigroupC0.3% of the fund-2%
- CrowdStrike HoldingsCRWD0.2% of the fund-9%
- EntergyETR0.2% of the fund-25%
- Abbott LaboratoriesABT0.2% of the fund-20%
- Freeport-McMoRanFCX0.2% of the fund-7%
- BlackRockBLK0.2% of the fund-23%
- Uber TechnologiesUBER0.2% of the fund-21%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- Carnival-100%
- Coterra EnergyCTRA-100%
- DuPont de NemoursDD-100%
- Hologic-100%
- TeradataTDC-100%
- Masimo-100%
- Air Lease-100%
- Sealed Air Corp New-100%
- Apellis Pharmaceuticals-100%
- Clearway EnergyCWEN-100%
- AshlandASH-100%
- Highwoods PropertiesHIW-100%
- Dentsply SironaXRAY-100%
- Harley-DavidsonHOG-100%
- HuntsmanHUN-100%
- Sarepta TherapeuticsSRPT-100%
- FMCFMC-100%
- RHRH-100%
- Acadia Healthcare CompanyACHC-100%
- DXC TechnologyDXC-100%
- GlobantGLOB-100%
- Crane NXTCXT-100%
- PENN EntertainmentPENN-100%
- Park Hotels & ResortsPK-100%
Holdings
- Ishares TRIWM
- Share
- 4.6%
- Value
- $1.8bn
- Shares
- 5,928,226
Held
- Invesco Exch Traded FD TR IIVRP
- Share
- 0.9%
- Value
- $350m
- Shares
- 14,378,855
New
- Vaneck ETF TrustPFXF
- Share
- 0.4%
- Value
- $167m
- Shares
- 9,351,150
New
- Ishares TRIFRA
- Share
- 0.4%
- Value
- $159m
- Shares
- 2,520,711
New
- Global X FDSMLPX
- Share
- 0.4%
- Value
- $158m
- Shares
- 2,139,399
New
- IsharesPOWR
- Share
- 0.3%
- Value
- $104m
- Shares
- 3,725,393
New
- Vanguard Scottsdale FDSVGLT
- Share
- 0.3%
- Value
- $101m
- Shares
- 1,823,145
New
- Ishares U S ETF TRCOMT
- Share
- 0.2%
- Value
- $89m
- Shares
- 2,946,685
New
- Ishares TREXI
- Share
- 0.2%
- Value
- $78m
- Shares
- 388,830
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 5.6% | $2.2bn | 10,803,573 | Held |
| AppleAAPL | 5.1% | $2.0bn | 6,775,147 | Held |
| Ishares TRIWM | 4.6% | $1.8bn | 5,928,226 | Held |
| MicrosoftMSFT | 3.5% | $1.4bn | 3,656,121 | +4% |
| Amazon.comAMZN | 3.0% | $1.2bn | 4,847,545 | Held |
| AlphabetGOOGL | 2.6% | $992m | 2,775,443 | Held |
| BroadcomAVGO | 2.3% | $904m | 2,392,600 | Held |
| AlphabetGOOG | 2.0% | $790m | 2,234,573 | Held |
| Micron TechnologyMU | 1.7% | $675m | 584,404 | -12% |
| Meta PlatformsMETA | 1.7% | $654m | 1,161,273 | Held |
| TeslaTSLA | 1.6% | $611m | 1,452,800 | +3% |
| Eli LillyLLY | 1.2% | $472m | 393,599 | Held |
| Advanced Micro DevicesAMD | 1.0% | $402m | 692,875 | Held |
| Berkshire HathawayBRK-B | 1.0% | $397m | 793,258 | Held |
| JPMorgan ChaseJPM | 1.0% | $373m | 1,138,956 | -2% |
| Johnson & JohnsonJNJ | 0.9% | $366m | 1,442,314 | Held |
| Invesco Exch Traded FD TR IIVRP | 0.9% | $350m | 14,378,855 | New |
| Lam ResearchLRCX | 0.9% | $338m | 780,871 | -16% |
| Applied MaterialsAMAT | 0.9% | $331m | 458,159 | -10% |
| Cisco SystemsCSCO | 0.8% | $317m | 2,695,652 | Held |
| IntelINTC | 0.8% | $313m | 2,244,943 | Held |
| VisaV | 0.8% | $305m | 887,627 | -9% |
| KLAKLAC | 0.7% | $274m | 909,230 | -17% |
| ExxonMobil HoldingsXOM | 0.6% | $242m | 1,772,742 | Held |
| Procter & GamblePG | 0.6% | $241m | 1,641,626 | Held |
| Bank of AmericaBAC | 0.6% | $214m | 3,750,692 | Held |
| CaterpillarCAT | 0.5% | $212m | 199,374 | Held |
| WalmartWMT | 0.5% | $212m | 1,869,761 | Held |
| AbbVieABBV | 0.5% | $190m | 754,175 | -4% |
| Texas InstrumentsTXN | 0.5% | $184m | 616,404 | +7% |
| Costco WholesaleCOST | 0.5% | $177m | 189,040 | Held |
| MastercardMA | 0.5% | $177m | 344,094 | -21% |
| MerckMRK | 0.4% | $170m | 1,326,149 | +16% |
| Vaneck ETF TrustPFXF | 0.4% | $167m | 9,351,150 | New |
| SandiskSNDK | 0.4% | $165m | 72,631 | -3% |
| General ElectricGE | 0.4% | $164m | 439,973 | -4% |
| UnitedHealth GroupUNH | 0.4% | $160m | 384,640 | -18% |
| Ishares TRIFRA | 0.4% | $159m | 2,520,711 | New |
| Global X FDSMLPX | 0.4% | $158m | 2,139,399 | New |
| NetflixNFLX | 0.4% | $152m | 2,134,636 | Held |
| Home DepotHD | 0.4% | $150m | 424,903 | Held |
| GE VernovaGEV | 0.4% | $146m | 124,495 | +8% |
| International Business MachinesIBM | 0.4% | $146m | 519,545 | -8% |
| Analog DevicesADI | 0.4% | $146m | 367,029 | Held |
| OracleORCL | 0.4% | $145m | 992,264 | Held |
| Palantir TechnologiesPLTR | 0.4% | $136m | 1,164,554 | Held |
| Coca-ColaKO | 0.3% | $135m | 1,655,588 | Held |
| ChevronCVX | 0.3% | $131m | 790,306 | Held |
| AmphenolAPH | 0.3% | $127m | 722,366 | +38% |
| QualcommQCOM | 0.3% | $126m | 682,042 | -10% |
| Goldman Sachs GroupGS | 0.3% | $124m | 122,832 | -2% |
| Philip Morris InternationalPM | 0.3% | $120m | 664,288 | -8% |
| Palo Alto NetworksPANW | 0.3% | $117m | 343,493 | -21% |
| American ExpressAXP | 0.3% | $115m | 339,839 | +5% |
| McDonald'sMCD | 0.3% | $113m | 416,981 | +8% |
| Arista NetworksANET | 0.3% | $111m | 653,412 | +18% |
| Marvell TechnologyMRVL | 0.3% | $111m | 371,557 | +3% |
| Western DigitalWDC | 0.3% | $109m | 170,974 | -7% |
| RTXRTX | 0.3% | $109m | 574,583 | Held |
| Wells Fargo & CompanyWFC | 0.3% | $108m | 1,304,887 | Held |
| General DynamicsGD | 0.3% | $105m | 296,787 | +3% |
| Walt DisneyDIS | 0.3% | $104m | 1,082,241 | Held |
| IsharesPOWR | 0.3% | $104m | 3,725,393 | New |
| Duke EnergyDUK | 0.3% | $103m | 810,189 | +29% |
| LindeLIN | 0.3% | $102m | 196,419 | -2% |
| CitigroupC | 0.3% | $102m | 725,714 | -2% |
| Vanguard Scottsdale FDSVGLT | 0.3% | $101m | 1,823,145 | New |
| Morgan StanleyMS | 0.3% | $100m | 477,403 | Held |
| Thermo Fisher ScientificTMO | 0.3% | $99m | 198,288 | +2% |
| Gilead SciencesGILD | 0.3% | $97m | 771,363 | Held |
| Charles SchwabSCHW | 0.2% | $96m | 1,042,577 | +46% |
| NextEra EnergyNEE | 0.2% | $93m | 1,057,682 | +18% |
| Ishares U S ETF TRCOMT | 0.2% | $89m | 2,946,685 | New |
| CorningGLW | 0.2% | $86m | 336,777 | Held |
| CumminsCMI | 0.2% | $84m | 118,118 | Held |
| Capital One FinancialCOF | 0.2% | $84m | 416,293 | +5% |
| AmgenAMGN | 0.2% | $83m | 229,917 | Held |
| SalesforceCRM | 0.2% | $82m | 525,036 | +23% |
| CrowdStrike HoldingsCRWD | 0.2% | $82m | 106,892 | -9% |
| ConocoPhillipsCOP | 0.2% | $81m | 783,781 | +18% |
| EatonETN | 0.2% | $81m | 190,640 | +14% |
| PepsiCoPEP | 0.2% | $79m | 581,395 | Held |
| Simon Property GroupSPG | 0.2% | $78m | 350,233 | Held |
| Ishares TREXI | 0.2% | $78m | 388,830 | New |
| MedtronicMDT | 0.2% | $78m | 995,253 | Held |
| AmetekAME | 0.2% | $77m | 317,353 | +16% |
| Union PacificUNP | 0.2% | $76m | 279,644 | +9% |
| Verizon CommunicationsVZ | 0.2% | $76m | 1,783,466 | Held |
| EntergyETR | 0.2% | $74m | 641,821 | -25% |
| TJX CompaniesTJX | 0.2% | $71m | 471,265 | Held |
| DeereDE | 0.2% | $70m | 110,627 | +6% |
| BoeingBA | 0.2% | $70m | 323,799 | Held |
| Automatic Data ProcessingADP | 0.2% | $69m | 306,832 | Held |
| WelltowerWELL | 0.2% | $68m | 301,179 | +2% |
| AmerenAEE | 0.2% | $68m | 600,117 | +332% |
| Abbott LaboratoriesABT | 0.2% | $67m | 738,139 | -20% |
| AppLovinAPP | 0.2% | $67m | 129,579 | Held |
| United RentalsURI | 0.2% | $66m | 58,427 | +8% |
| Keysight TechnologiesKEYS | 0.2% | $66m | 188,593 | +156% |
| Freeport-McMoRanFCX | 0.2% | $64m | 1,024,794 | -7% |
Showing the largest 100 of 1,096.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 24.5% since 30 June 2025.
Where the money is
Technology33.1%
Financial services10.7%
Industrials9.5%
Retail & consumer8.5%
Media & telecom8.2%
Health care8.1%
Everyday goods3.8%
Energy2.8%
Utilities2.7%
Real estate1.9%
Materials1.9%
Other8.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.