Treasurer of the State of North Carolina
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Treasurer of the State of North Carolina reported 1,096 stock positions worth $38.8 billion. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by Apple (AAPL, 5.1%) and iShares Russell 2000 ETF (IWM, 4.6%). Compared with Q1 2026, it opened 132 new positions, sold out of 44, added to 408 and reduced 548. The biggest buy was a new position in Invesco Variable Rate Prefer (VRP) and the biggest sale Nvidia (NVDA, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- RALEIGH, NC
- CIK
- 0001761054
- Portfolio Value
- $38.8B (Q2 2026)
- SEC Filing
- 0001761054-26-000004 ↗ filed Aug 14, 2026
Holdings Value
Holdings 1,096 stocks · $38.8B
| NVDA Nvidia Corp. | 5.57% | 10,803,573 | $2.2B | Reduce -1.7% |
| AAPL Apple Inc. | 5.05% | 6,775,147 | $2.0B | Reduce -0.1% |
| IWM iShares Russell 2000 ETF | 4.59% | 5,928,226 | $1.8B | Add +0.3% |
| MSFT Microsoft Corp. | 3.51% | 3,656,121 | $1.4B | Add +3.5% |
| AMZN Amazon.com Inc. | 2.98% | 4,847,545 | $1.2B | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 2.56% | 2,775,443 | $991.9M | Reduce -1.1% |
| AVGO Broadcom Inc. | 2.33% | 2,392,600 | $903.8M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 2.03% | 2,234,573 | $789.5M | Reduce -1.1% |
| MU Micron Technology Inc. | 1.74% | 584,404 | $674.6M | Reduce -12.2% |
| META Meta Platforms Inc. Class A | 1.69% | 1,161,273 | $654.1M | Add +1.3% |
| TSLA Tesla Inc. | 1.57% | 1,452,800 | $611.0M | Add +2.6% |
| LLY Eli Lilly & Co. | 1.22% | 393,599 | $472.1M | Reduce -1.3% |
| AMD Advanced Micro Devices | 1.04% | 692,875 | $402.5M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 793,258 | $396.9M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 0.96% | 1,138,956 | $372.8M | Reduce -2.1% |
| JNJ Johnson & Johnson | 0.94% | 1,442,314 | $366.3M | Reduce -0.0% |
| VRP Invesco Variable Rate Prefer | 0.90% | 14,378,855 | $349.6M | New |
| LRCX Lam Research Corp. | 0.87% | 780,871 | $338.4M | Reduce -15.9% |
| AMAT Applied Materials Inc. | 0.85% | 458,159 | $331.2M | Reduce -9.6% |
| CSCO Cisco Systems Inc. | 0.82% | 2,695,652 | $316.6M | Reduce -0.5% |
| INTC Intel Corp. | 0.81% | 2,244,943 | $313.5M | Reduce -1.9% |
| V Visa Inc. Class A | 0.78% | 887,627 | $304.5M | Reduce -9.3% |
| KLAC KLA Corp. | 0.71% | 909,230 | $274.3M | Reduce -17.0% |
| XOM Exxon Mobil Corp. | 0.62% | 1,772,742 | $242.4M | Reduce -2.0% |
| PG The Procter & Gamble Co. | 0.62% | 1,641,626 | $240.7M | Reduce -0.4% |
| BAC Bank of America Corp. | 0.55% | 3,750,692 | $213.7M | Reduce -0.8% |
| CAT Caterpillar Inc. | 0.55% | 199,374 | $212.3M | Add +0.6% |
| WMT Walmart Inc. | 0.55% | 1,869,761 | $211.8M | Add +0.4% |
| ABBV Abbvie Inc. | 0.49% | 754,175 | $189.8M | Reduce -4.0% |
| TXN Texas Instruments Inc. | 0.47% | 616,404 | $183.7M | Add +7.4% |
| COST Costco Wholesale Corp. | 0.46% | 189,040 | $176.8M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 0.46% | 344,094 | $176.7M | Reduce -20.6% |
| MRK Merck & Co. Inc. | 0.44% | 1,326,149 | $170.4M | Add +15.5% |
| PFXF Vaneck Pref Sec X-Financials | 0.43% | 9,351,150 | $166.8M | New |
| SNDK Sandisk Corp. | 0.43% | 72,631 | $165.1M | Reduce -2.5% |
| GE General Electric filed as GE AEROSPACE | 0.42% | 439,973 | $164.4M | Reduce -3.9% |
| UNH Unitedhealth Group Inc. | 0.41% | 384,640 | $159.9M | Reduce -18.0% |
| IFRA iShares US Infrastructure | 0.41% | 2,520,711 | $158.9M | New |
| MLPX Global X MLP & Energy Infras | 0.41% | 2,139,399 | $157.6M | New |
| NFLX Netflix Inc. | 0.39% | 2,134,636 | $152.4M | Reduce -1.9% |
| HD Home Depot Inc. | 0.39% | 424,903 | $149.9M | Reduce -0.3% |
| GEV GE Vernova Inc. | 0.38% | 124,495 | $146.3M | Add +7.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 519,545 | $146.1M | Reduce -8.1% |
| ADI Analog Devices Inc. | 0.38% | 367,029 | $145.8M | Add +0.2% |
| ORCL Oracle Corp. | 0.37% | 992,264 | $145.4M | Add +1.2% |
| PLTR Palantir Technologies Inc. Class A | 0.35% | 1,164,554 | $135.9M | Add +1.3% |
| KO The Coca-Cola Co. | 0.35% | 1,655,588 | $134.6M | Reduce -0.6% |
| CVX Chevron Corp. | 0.34% | 790,306 | $131.0M | Reduce -1.5% |
| APH Amphenol Corp. Class A | 0.33% | 722,366 | $127.4M | Add +38.3% |
| QCOM Qualcomm Inc. | 0.32% | 682,042 | $126.0M | Reduce -10.1% |
| GS Goldman Sachs Group Inc. | 0.32% | 122,832 | $124.2M | Reduce -2.4% |
| PM Philip Morris International | 0.31% | 664,288 | $120.2M | Reduce -7.9% |
| PANW Palo Alto Networks Inc. | 0.30% | 343,493 | $117.1M | Reduce -20.8% |
| AXP American Express Co. | 0.30% | 339,839 | $115.0M | Add +4.5% |
| MCD McDonald's Corp. | 0.29% | 416,981 | $112.7M | Add +8.1% |
| ANET Arista Networks Inc. | 0.29% | 653,412 | $111.0M | Add +17.9% |
| MRVL Marvell Technology Inc. | 0.29% | 371,557 | $110.7M | Add +2.5% |
| WDC Western Digital Corp. | 0.28% | 170,974 | $109.2M | Reduce -6.5% |
| RTX RTX Corp. | 0.28% | 574,583 | $109.0M | Add +0.3% |
| WFC Wells Fargo & Co. | 0.28% | 1,304,887 | $107.8M | Reduce -1.6% |
| GD General Dynamics Corp. | 0.27% | 296,787 | $105.1M | Add +2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 1,082,241 | $104.2M | Reduce -0.2% |
| POWR iShares US Power Infrastruct | 0.27% | 3,725,393 | $104.2M | New |
| DUK Duke Energy Corp. | 0.26% | 810,189 | $102.6M | Add +29.4% |
| LIN Linde PLC | 0.26% | 196,419 | $101.9M | Reduce -2.3% |
| C Citigroup Inc. | 0.26% | 725,714 | $101.6M | Reduce -2.2% |
| VGLT Vanguard Long-Term Treasury | 0.26% | 1,823,145 | $100.6M | New |
| MS Morgan Stanley | 0.26% | 477,403 | $99.8M | Reduce -1.7% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 198,288 | $99.4M | Add +2.1% |
| GILD Gilead Sciences Inc. | 0.25% | 771,363 | $97.5M | Reduce -0.3% |
| SCHW Schwab (charles) Corp. | 0.25% | 1,042,577 | $96.2M | Add +45.8% |
| NEE Nextera Energy Inc. | 0.24% | 1,057,682 | $92.8M | Add +18.4% |
| COMT iShares Gsci Commodity Dynam | 0.23% | 2,946,685 | $89.5M | New |
| GLW Corning Inc. | 0.22% | 336,777 | $86.0M | Add +0.8% |
| CMI Cummins Inc. | 0.22% | 118,118 | $84.2M | Add +0.3% |
| COF Capital One Financial Corp. | 0.22% | 416,293 | $83.5M | Add +4.8% |
| AMGN Amgen Inc. | 0.21% | 229,917 | $83.3M | Reduce -0.2% |
| CRM Salesforce Inc. | 0.21% | 525,036 | $82.3M | Add +23.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 106,892 | $81.6M | Reduce -8.8% |
| COP Conocophillips | 0.21% | 783,781 | $81.5M | Add +18.0% |
| ETN Eaton Corp. PLC | 0.21% | 190,640 | $81.2M | Add +13.6% |
| PEP Pepsico Inc. | 0.20% | 581,395 | $78.7M | Reduce -0.9% |
| SPG Simon Property Group Inc. | 0.20% | 350,233 | $78.3M | Reduce -0.2% |
| EXI iShares Global Industrials E | 0.20% | 388,830 | $78.0M | New |
| MDT Medtronic PLC | 0.20% | 995,253 | $77.9M | Add +0.1% |
| AME Ametek Inc. | 0.20% | 317,353 | $76.8M | Add +16.4% |
| UNP Union Pacific Corp. | 0.20% | 279,644 | $76.1M | Add +9.2% |
| VZ Verizon Communications Inc. | 0.19% | 1,783,466 | $75.5M | Reduce -1.4% |
| ETR Entergy Corp. | 0.19% | 641,821 | $73.7M | Reduce -24.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.18% | 471,265 | $71.4M | Reduce -1.6% |
| DE Deere & Co. | 0.18% | 110,627 | $70.2M | Add +5.8% |
| BA The Boeing Co. | 0.18% | 323,799 | $70.1M | Add +0.1% |
| ADP Automatic Data Processing | 0.18% | 306,832 | $68.7M | Reduce -0.2% |
| WELL Welltower Inc. | 0.18% | 301,179 | $68.4M | Add +2.3% |
| AEE Ameren Corporation | 0.17% | 600,117 | $67.8M | Add +331.9% |
| ABT Abbott Laboratories | 0.17% | 738,139 | $67.0M | Reduce -19.7% |
| APP AppLovin Corp. Class A | 0.17% | 129,579 | $66.8M | Add +1.2% |
| URI United Rentals Inc. | 0.17% | 58,427 | $66.2M | Add +8.1% |
| KEYS Keysight Technologies Inc. | 0.17% | 188,593 | $66.0M | Add +156.0% |
| FCX Freeport-McMoran Inc. | 0.17% | 1,024,794 | $64.4M | Reduce -6.8% |
Portfolio Sells Q1 2026 → Q2 2026
| NVDA Nvidia Corp. | Reduce -1.7% | 5.57% | −0.46 |
| AAPL Apple Inc. | Reduce -0.1% | 5.05% | −0.36 |
| XOM Exxon Mobil Corp. | Reduce -2.0% | 0.62% | −0.34 |
| NFLX Netflix Inc. | Reduce -1.9% | 0.39% | −0.27 |
| MA Mastercard Inc. Class A | Reduce -20.6% | 0.46% | −0.23 |
| CME Cme Group Inc. | Reduce -47.7% | 0.09% | −0.19 |
| CVX Chevron Corp. | Reduce -1.5% | 0.34% | −0.18 |
| JNJ Johnson & Johnson | Reduce -0.0% | 0.94% | −0.17 |
| V Visa Inc. Class A | Reduce -9.3% | 0.78% | −0.15 |
| COST Costco Wholesale Corp. | Reduce -0.5% | 0.46% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -0.4% | 0.62% | −0.13 |
| ABT Abbott Laboratories | Reduce -19.7% | 0.17% | −0.12 |
| T AT&T Inc. | Reduce -2.5% | 0.15% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -2.1% | 0.96% | −0.12 |
| PFE Pfizer Inc. | Reduce -18.8% | 0.15% | −0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -62.5% | 0.06% | −0.11 |
| ETR Entergy Corp. | Reduce -24.9% | 0.19% | −0.11 |
| XEL Xcel Energy Inc. | Reduce -53.6% | 0.07% | −0.11 |
| RSG Republic Services Inc. | Reduce -59.3% | 0.05% | −0.10 |
| BLK BlackRock Inc. | Reduce -23.1% | 0.16% | −0.10 |
| VZ Verizon Communications Inc. | Reduce -1.4% | 0.19% | −0.09 |
| GILD Gilead Sciences Inc. | Reduce -0.3% | 0.25% | −0.09 |
| PEP Pepsico Inc. | Reduce -0.9% | 0.20% | −0.08 |
| UBER Uber Technologies Inc. | Reduce -20.8% | 0.16% | −0.08 |
| L Loews Corp. | Reduce -72.0% | 0.02% | −0.07 |
| CTVA Corteva Inc. | Reduce -41.6% | 0.06% | −0.07 |
| PM Philip Morris International | Reduce -7.9% | 0.31% | −0.07 |
| ISRG Intuitive Surgical Inc. | Reduce -0.6% | 0.15% | −0.07 |
| NEM Newmont Corp. | Reduce -2.5% | 0.14% | −0.06 |
| DIS The Walt Disney Co. | Reduce -0.2% | 0.27% | −0.06 |
| ADBE Adobe Inc. | Reduce -1.1% | 0.13% | −0.06 |
| TJX TJX Companies Inc. | Reduce -1.6% | 0.18% | −0.06 |
| EA Electronic Arts Inc. | Reduce -39.0% | 0.06% | −0.06 |
| BSX Boston Scientific Corp. | Reduce -0.1% | 0.07% | −0.06 |
| HD Home Depot Inc. | Reduce -0.3% | 0.39% | −0.05 |
| PNR Pentair PLC | Reduce -38.1% | 0.04% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -8.1% | 0.38% | −0.05 |
| LMT Lockheed Martin Corp. | Reduce -2.0% | 0.11% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -1.6% | 0.28% | −0.05 |
| AU Anglogold Ashanti PLC | Reduce -33.5% | 0.04% | −0.05 |
| FIVE Five Below | Reduce -73.5% | 0.01% | −0.05 |
| KO The Coca-Cola Co. | Reduce -0.6% | 0.35% | −0.05 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.05 |
| LIN Linde PLC | Reduce -2.3% | 0.26% | −0.05 |
| REGN Regeneron Pharmaceuticals | Reduce -0.4% | 0.10% | −0.05 |
| DOX Amdocs Ltd. | Reduce -83.4% | 0.01% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -2.0% | 0.11% | −0.05 |
| TIGO Millicom Intl Cellular S.A. | Reduce -84.4% | 0.01% | −0.05 |
| ABBV Abbvie Inc. | Reduce -4.0% | 0.49% | −0.05 |
| NOC Northrop Grumman Corp. | Reduce -0.6% | 0.07% | −0.05 |
Portfolio Buys Q1 2026 → Q2 2026
| VRP Invesco Variable Rate Prefer | New | 0.90% | +0.90 |
| AMD Advanced Micro Devices | Add +0.5% | 1.04% | +0.60 |
| PFXF Vaneck Pref Sec X-Financials | New | 0.43% | +0.43 |
| IFRA iShares US Infrastructure | New | 0.41% | +0.41 |
| MLPX Global X MLP & Energy Infras | New | 0.41% | +0.41 |
| POWR iShares US Power Infrastruct | New | 0.27% | +0.27 |
| VGLT Vanguard Long-Term Treasury | New | 0.26% | +0.26 |
| COMT iShares Gsci Commodity Dynam | New | 0.23% | +0.23 |
| EXI iShares Global Industrials E | New | 0.20% | +0.20 |
| MRVL Marvell Technology Inc. | Add +2.5% | 0.29% | +0.17 |
| PAVE Global X US Infrastructure | New | 0.14% | +0.14 |
| UTES Virtus Reaves Utilities ETF | New | 0.13% | +0.13 |
| GRID First TRST Nasd Class Edg Sgiif | New | 0.13% | +0.13 |
| TDY Teledyne Technologies Inc. | Add +383.5% | 0.17% | +0.13 |
| AEE Ameren Corporation | Add +331.9% | 0.17% | +0.13 |
| TXN Texas Instruments Inc. | Add +7.4% | 0.47% | +0.12 |
| APH Amphenol Corp. Class A | Add +38.3% | 0.33% | +0.12 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.12% | +0.12 |
| DOV Dover Corp. | Add +363.9% | 0.16% | +0.12 |
| CAT Caterpillar Inc. | Add +0.6% | 0.55% | +0.11 |
| KEYS Keysight Technologies Inc. | Add +156.0% | 0.17% | +0.10 |
| SPCX Space Exploration Techn Class A | New | 0.10% | +0.10 |
| BE Bloom Energy Corp. Class A | New | 0.09% | +0.09 |
| JHG Janus Henderson Group PLC | Add +1223.3% | 0.09% | +0.08 |
| GLW Corning Inc. | Add +0.8% | 0.22% | +0.08 |
| ANET Arista Networks Inc. | Add +17.9% | 0.29% | +0.07 |
| NNN NNN REIT Inc. | Add +260.5% | 0.10% | +0.07 |
| IGF iShares Global Infrastructur | New | 0.06% | +0.06 |
| GEV GE Vernova Inc. | Add +7.7% | 0.38% | +0.06 |
| IXC iShares Global Energy ETF | New | 0.06% | +0.06 |
| RJF Raymond James Financial Inc. | Add +164.0% | 0.10% | +0.06 |
| SCI Service Corp. International | Add +509.0% | 0.07% | +0.05 |
| ACGL Arch Capital Group Ltd. | Add +79.6% | 0.16% | +0.05 |
| SETM Sprott Critical Material ETF | New | 0.05% | +0.05 |
| CRDO Credo Technology Group Holdi | New | 0.05% | +0.05 |
| URI United Rentals Inc. | Add +8.1% | 0.17% | +0.05 |
| PWR Quanta Services Inc. | Add +32.3% | 0.15% | +0.05 |
| DDOG Datadog Inc. Class A | Add +4.7% | 0.09% | +0.04 |
| FAST Fastenal Co. | Add +75.6% | 0.13% | +0.04 |
| ENB Enbridge Inc. | New | 0.04% | +0.04 |
| BIIB Biogen Inc. | Add +97.7% | 0.08% | +0.04 |
| CRWV Coreweave Inc. Class A | New | 0.04% | +0.04 |
| TGT Target Corp. | Add +56.3% | 0.14% | +0.04 |
| STRL Sterling Infrastructure Inc. | New | 0.04% | +0.04 |
| TRP TC Energy Corp. | New | 0.04% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +45.8% | 0.25% | +0.04 |
| SNX TD Synnex Corp. | Add +51.6% | 0.07% | +0.04 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.03% | +0.03 |
| ARW Arrow Electronics Inc. | Add +243.4% | 0.04% | +0.03 |
| VTRS Viatris Inc. | Add +159.5% | 0.05% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,096 | $38.8B | NVDA, AAPL, IWM, MSFT, AMZN |
| Q1 2026 | 1,006 | $31.8B | NVDA, AAPL, IWM, MSFT, AMZN |
| Q4 2025 | 1,010 | $31.2B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 1,010 | $32.5B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 1,015 | $31.2B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,007 | $25.1B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 1,013 | $25.7B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 1,021 | $25.0B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 1,020 | $23.6B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 1,011 | $22.8B | MSFT, AAPL, NVDA, AMZN, META |