Treasurer of the State of North Carolina
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Treasurer of the State of North Carolina reported 1,021 stock positions worth $25.0 billion. Its top holding was Apple (AAPL) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Nvidia (NVDA, 5.2%). Compared with Q2 2024, it opened 6 new positions, sold out of 6, added to 754 and reduced 257. The biggest buy was Tesla (TSLA, shares +1%) and the biggest sale Nvidia (NVDA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- RALEIGH, NC
- CIK
- 0001761054
- Portfolio Value
- $25.0B (Q3 2024)
- SEC Filing
- 0001761054-24-000006 ↗ filed Nov 14, 2024
Holdings Value
Holdings 1,021 stocks · $25.0B
| AAPL Apple Inc. | 6.14% | 6,588,618 | $1.5B | Reduce 0.0% |
| MSFT Microsoft Corp. | 5.81% | 3,378,209 | $1.5B | Add +0.6% |
| NVDA Nvidia Corp. | 5.21% | 10,724,465 | $1.3B | Reduce -0.7% |
| AMZN Amazon.com Inc. | 3.18% | 4,266,520 | $795.0M | Add +0.4% |
| META Meta Platforms Inc. Class A | 2.37% | 1,034,900 | $592.4M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 1.81% | 2,729,778 | $452.7M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 1.53% | 2,290,898 | $383.0M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.51% | 821,845 | $378.3M | Reduce -1.5% |
| AVGO Broadcom Inc. | 1.49% | 2,154,170 | $371.6M | Reduce -0.5% |
| LLY Eli Lilly & Co. | 1.35% | 382,471 | $338.8M | Reduce -5.1% |
| TSLA Tesla Inc. | 1.34% | 1,280,406 | $335.0M | Add +1.1% |
| JPM JPMorgan Chase & Co. | 1.07% | 1,272,330 | $268.3M | Add +0.8% |
| UNH Unitedhealth Group Inc. | 0.99% | 424,042 | $247.9M | Add +0.5% |
| XOM Exxon Mobil Corp. | 0.92% | 1,962,263 | $230.0M | Add +0.4% |
| V Visa Inc. Class A | 0.79% | 714,290 | $196.4M | Add +0.6% |
| PG The Procter & Gamble Co. | 0.77% | 1,118,746 | $193.8M | Add +0.5% |
| MA Mastercard Inc. Class A | 0.76% | 385,717 | $190.5M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.72% | 1,107,884 | $179.5M | Reduce -6.9% |
| HD Home Depot Inc. | 0.70% | 433,687 | $175.7M | Reduce -1.6% |
| ABBV Abbvie Inc. | 0.69% | 877,371 | $173.3M | Reduce -0.2% |
| COST Costco Wholesale Corp. | 0.69% | 193,840 | $171.8M | Add +0.4% |
| WMT Walmart Inc. | 0.66% | 2,038,344 | $164.6M | Reduce -2.5% |
| NFLX Netflix Inc. | 0.57% | 201,097 | $142.6M | Add +0.4% |
| ORCL Oracle Corp. | 0.57% | 833,856 | $142.1M | Add +0.7% |
| MRK Merck & Co. Inc. | 0.55% | 1,206,607 | $137.0M | Reduce -3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 3,342,220 | $132.6M | Add +0.5% |
| KO The Coca-Cola Co. | 0.50% | 1,741,246 | $125.1M | Add +0.2% |
| CRM Salesforce Inc. | 0.49% | 444,320 | $121.6M | Reduce -1.4% |
| AMD Advanced Micro Devices | 0.47% | 720,835 | $118.3M | Reduce -0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.47% | 190,450 | $117.8M | Add +2.7% |
| CSCO Cisco Systems Inc. | 0.45% | 2,117,396 | $112.7M | Add +0.2% |
| CVX Chevron Corp. | 0.44% | 753,311 | $110.9M | Add +0.4% |
| ADBE Adobe Inc. | 0.44% | 210,867 | $109.2M | Reduce -2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 491,443 | $108.6M | Add +0.0% |
| PEP Pepsico Inc. | 0.42% | 618,293 | $105.1M | Add +0.5% |
| LIN Linde PLC | 0.40% | 210,075 | $100.2M | Add +0.4% |
| ACN Accenture PLC Class A | 0.40% | 282,197 | $99.8M | Reduce -4.6% |
| QCOM Qualcomm Inc. | 0.40% | 581,918 | $99.0M | Add +4.3% |
| TXN Texas Instruments Inc. | 0.39% | 477,747 | $98.7M | Add +0.2% |
| MCD McDonald's Corp. | 0.39% | 324,029 | $98.7M | Add +0.5% |
| DHR Danaher Corp. | 0.37% | 335,598 | $93.3M | Add +1.5% |
| VZ Verizon Communications Inc. | 0.37% | 2,054,821 | $92.3M | Reduce -7.7% |
| GE General Electric filed as GE AEROSPACE | 0.36% | 475,945 | $89.8M | Add +0.4% |
| T AT&T Inc. | 0.36% | 4,078,983 | $89.7M | Add +9.1% |
| WFC Wells Fargo & Co. | 0.36% | 1,574,631 | $89.0M | Reduce -4.7% |
| CAT Caterpillar Inc. | 0.36% | 227,422 | $88.9M | Add +0.4% |
| ABT Abbott Laboratories | 0.35% | 777,687 | $88.7M | Reduce -0.9% |
| NOW ServiceNow Inc. | 0.35% | 97,109 | $86.9M | Add +0.5% |
| INTU Intuit Inc. | 0.35% | 139,179 | $86.4M | Add +0.4% |
| PM Philip Morris International | 0.35% | 711,139 | $86.3M | Add +5.1% |
| AMAT Applied Materials Inc. | 0.34% | 426,682 | $86.2M | Add +1.8% |
| CMCSA Comcast Corp. Class A | 0.34% | 2,059,004 | $86.0M | Reduce -0.7% |
| AMGN Amgen Inc. | 0.33% | 259,841 | $83.7M | Reduce -0.7% |
| AXP American Express Co. | 0.33% | 302,049 | $81.9M | Reduce -1.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 845,220 | $81.3M | Add +1.6% |
| PFE Pfizer Inc. | 0.32% | 2,805,197 | $81.2M | Add +0.4% |
| ISRG Intuitive Surgical Inc. | 0.31% | 159,625 | $78.4M | Add +0.5% |
| NEE Nextera Energy Inc. | 0.30% | 899,014 | $76.0M | Add +0.4% |
| PGR Progressive Corp. | 0.29% | 290,712 | $73.8M | Reduce -0.5% |
| SPGI S&P Global Inc. | 0.28% | 137,597 | $71.1M | Reduce -0.4% |
| RTX RTX Corp. | 0.28% | 581,368 | $70.4M | Add +0.4% |
| GS Goldman Sachs Group Inc. | 0.28% | 141,818 | $70.2M | Add +0.4% |
| UBER Uber Technologies Inc. | 0.27% | 903,772 | $67.9M | Add +0.5% |
| LOW Lowe's Cos Inc. | 0.27% | 250,337 | $67.8M | Add +0.4% |
| BKNG Booking Holdings Inc. | 0.27% | 16,053 | $67.6M | Add +3.7% |
| BLK BlackRock Finance Inc. | 0.27% | 70,235 | $66.7M | Reduce -0.5% |
| UNP Union Pacific Corp. | 0.26% | 266,727 | $65.7M | Add +0.4% |
| MDT Medtronic PLC | 0.26% | 713,411 | $64.2M | Reduce -2.3% |
| REGN Regeneron Pharmaceuticals | 0.25% | 58,613 | $61.6M | Reduce -0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 509,536 | $59.9M | Add +0.5% |
| ADI Analog Devices Inc. | 0.24% | 259,205 | $59.7M | Reduce -3.6% |
| SYK Stryker Corp. | 0.24% | 163,139 | $58.9M | Add +0.2% |
| HON Honeywell International Inc. | 0.24% | 284,908 | $58.9M | Add +0.4% |
| ETN Eaton Corp. PLC | 0.23% | 174,535 | $57.8M | Add +0.4% |
| LMT Lockheed Martin Corp. | 0.23% | 98,865 | $57.8M | Add +0.4% |
| ELV Elevance Health Inc. | 0.22% | 107,305 | $55.8M | Add +3.1% |
| BSX Boston Scientific Corp. | 0.22% | 662,930 | $55.6M | Reduce -0.1% |
| PANW Palo Alto Networks Inc. | 0.22% | 162,168 | $55.4M | Add +1.2% |
| KLAC KLA Corp. | 0.22% | 71,552 | $55.4M | Reduce -0.2% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 1,066,218 | $55.2M | Add +1.0% |
| CB Chubb Ltd. | 0.22% | 188,958 | $54.5M | Add +0.3% |
| MS Morgan Stanley | 0.22% | 519,357 | $54.1M | Reduce -0.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.22% | 116,273 | $54.1M | Reduce -11.9% |
| COP Conocophillips | 0.22% | 512,306 | $53.9M | Reduce -4.0% |
| C Citigroup Inc. | 0.22% | 861,051 | $53.9M | Add +0.5% |
| MU Micron Technology Inc. | 0.21% | 513,316 | $53.2M | Add +4.0% |
| CI The Cigna Group | 0.21% | 153,621 | $53.2M | Add +1.1% |
| GILD Gilead Sciences Inc. | 0.21% | 631,999 | $53.0M | Add +0.9% |
| PLD Prologis Inc. | 0.20% | 405,490 | $51.2M | Reduce -1.2% |
| ADP Automatic Data Processing | 0.20% | 184,806 | $51.1M | Add +0.5% |
| LRCX Lam Research Corp. | 0.20% | 62,217 | $50.8M | Reduce -5.9% |
| CL Colgate-Palmolive Co. | 0.20% | 488,093 | $50.7M | Add +27.2% |
| MRSH Marsh & McLennan Cos | 0.20% | 221,708 | $49.5M | Add +0.5% |
| AMT American Tower Corp. | 0.20% | 209,938 | $48.8M | Add +0.5% |
| ANET Arista Networks Inc. | 0.19% | 126,201 | $48.4M | Reduce -0.3% |
| SBUX Starbucks Corp. | 0.19% | 495,381 | $48.3M | Add +0.4% |
| NKE Nike Inc. Class B | 0.19% | 540,732 | $47.8M | Add +0.4% |
| DE Deere & Co. | 0.19% | 113,423 | $47.3M | Reduce -0.5% |
| BX Blackstone Inc. | 0.19% | 308,525 | $47.2M | Reduce -0.7% |
| WM Waste Management Inc. | 0.19% | 227,485 | $47.2M | Add +2.3% |
Portfolio Sells Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | Reduce -0.7% | 5.21% | −0.45 |
| LLY Eli Lilly & Co. | Reduce -5.1% | 1.35% | −0.19 |
| MRK Merck & Co. Inc. | Reduce -3.6% | 0.55% | −0.11 |
| LRCX Lam Research Corp. | Reduce -5.9% | 0.20% | −0.10 |
| INTC Intel Corp. | Reduce -1.6% | 0.19% | −0.08 |
| ADBE Adobe Inc. | Reduce -2.0% | 0.44% | −0.07 |
| WFC Wells Fargo & Co. | Reduce -4.7% | 0.36% | −0.06 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -11.9% | 0.22% | −0.05 |
| COP Conocophillips | Reduce -4.0% | 0.22% | −0.04 |
| SNPS Synopsys Inc. | Reduce -1.9% | 0.14% | −0.04 |
| F Ford Motor Co. | Reduce -14.6% | 0.07% | −0.03 |
| KLAC KLA Corp. | Reduce -0.2% | 0.22% | −0.03 |
| AMD Advanced Micro Devices | Reduce -0.7% | 0.47% | −0.03 |
| LEA Lear Corp. | Reduce -67.6% | 0.01% | −0.03 |
| BIIB Biogen Inc. | Reduce -6.2% | 0.07% | −0.02 |
| MCHP Microchip Technology Inc. | Reduce -3.8% | 0.09% | −0.02 |
| WRK Westrock Co. | Sold out | 0.00% | −0.02 |
| OC Owens Corning | Reduce -43.8% | 0.03% | −0.02 |
| ADI Analog Devices Inc. | Reduce -3.6% | 0.24% | −0.02 |
| VLO Valero Energy Corp. | Reduce -1.4% | 0.09% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -7.7% | 0.37% | −0.02 |
| JNJ Johnson & Johnson | Reduce -6.9% | 0.72% | −0.02 |
| LEN Lennar Corp. Class A | Reduce -31.1% | 0.08% | −0.02 |
| REGN Regeneron Pharmaceuticals | Reduce -0.8% | 0.25% | −0.02 |
| SWKS Skyworks Solutions Inc. | Reduce -26.6% | 0.03% | −0.02 |
| PSX Phillips 66 | Reduce -0.9% | 0.10% | −0.01 |
| GNTX Gentex Corp. | Reduce -45.1% | 0.01% | −0.01 |
| FCNCA First Citizens Bcshs Class A | Reduce -24.9% | 0.05% | −0.01 |
| GM General Motors Co. | Reduce -1.4% | 0.11% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.7% | 0.33% | −0.01 |
| EXE Expand Energy Corp. | Reduce -33.2% | 0.02% | −0.01 |
| CE Celanese Corp. | Reduce -19.2% | 0.04% | −0.01 |
| ITT Itt Inc. | Reduce -39.4% | 0.02% | −0.01 |
| ELF Elf Beauty Inc. | Reduce -0.8% | 0.01% | −0.01 |
| PB Prosperity Bancshares Inc. | Reduce -52.8% | 0.01% | −0.01 |
| THO Thor Industries Inc. | Reduce -55.2% | 0.01% | −0.01 |
| MLM Martin Marietta Materials | Reduce -8.7% | 0.06% | −0.01 |
| CELH Celsius Holdings Inc. | Reduce -2.2% | 0.01% | −0.01 |
| LW Lamb Weston Holdings Inc. | Reduce -12.7% | 0.02% | −0.01 |
| NBIX Neurocrine Biosciences Inc. | Reduce -2.2% | 0.03% | −0.01 |
| CASY Casey's General Stores Inc. | Reduce -14.4% | 0.04% | −0.01 |
| AIG American International Group | Reduce -2.6% | 0.08% | −0.01 |
| OVV Ovintiv Inc. | Reduce -9.2% | 0.02% | −0.01 |
| WU Western Union Co. | Reduce -41.8% | 0.01% | −0.01 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -6.4% | 0.03% | −0.01 |
| ENTG Entegris Inc. | Reduce -0.9% | 0.03% | −0.01 |
| TTWO Take-Two Interactive Softwre | Reduce -5.3% | 0.06% | −0.01 |
| SNAP Snap Inc. Class A | Reduce -7.8% | 0.01% | −0.01 |
| BBWI Bath & Body Works Inc. | Reduce -19.6% | 0.01% | −0.01 |
| CXT Crane NXT Co. | Reduce -55.1% | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| TSLA Tesla Inc. | Add +1.1% | 1.34% | +0.28 |
| META Meta Platforms Inc. Class A | Add +0.5% | 2.37% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +458.5% | 0.13% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +0.5% | 0.99% | +0.08 |
| IBM Intl Business Machines Corp. | Add +0.0% | 0.43% | +0.07 |
| ORCL Oracle Corp. | Add +0.7% | 0.57% | +0.07 |
| ETR Entergy Corp. | Add +106.4% | 0.10% | +0.06 |
| T AT&T Inc. | Add +9.1% | 0.36% | +0.06 |
| PM Philip Morris International | Add +5.1% | 0.35% | +0.05 |
| MCD McDonald's Corp. | Add +0.5% | 0.39% | +0.05 |
| SW Smurfit Westrock PLC | New | 0.04% | +0.04 |
| CL Colgate-Palmolive Co. | Add +27.2% | 0.20% | +0.04 |
| GE General Electric | Add +0.4% | 0.36% | +0.04 |
| LOW Lowe's Cos Inc. | Add +0.4% | 0.27% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +2.7% | 0.47% | +0.04 |
| LMT Lockheed Martin Corp. | Add +0.4% | 0.23% | +0.04 |
| CAT Caterpillar Inc. | Add +0.4% | 0.36% | +0.04 |
| GEV GE Vernova Inc. | Add +0.4% | 0.12% | +0.04 |
| RTX RTX Corp. | Add +0.4% | 0.28% | +0.04 |
| NEE Nextera Energy Inc. | Add +0.4% | 0.30% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +1.0% | 0.22% | +0.03 |
| AEP American Electric Power | Add +24.0% | 0.12% | +0.03 |
| MSI Motorola Solutions Inc. | Add +15.3% | 0.15% | +0.03 |
| KO The Coca-Cola Co. | Add +0.2% | 0.50% | +0.03 |
| D Dominion Energy Inc. | Add +25.8% | 0.11% | +0.03 |
| SBUX Starbucks Corp. | Add +0.4% | 0.19% | +0.03 |
| GILD Gilead Sciences Inc. | Add +0.9% | 0.21% | +0.03 |
| MMM 3M Co. | Add +0.4% | 0.14% | +0.03 |
| CEG Constellation Energy | Add +0.4% | 0.14% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +33.5% | 0.11% | +0.03 |
| APP AppLovin Corp. Class A | Add +6.5% | 0.07% | +0.03 |
| NOW ServiceNow Inc. | Add +0.5% | 0.35% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.2% | 0.45% | +0.02 |
| GEHC GE Healthcare Technology | Add +19.5% | 0.09% | +0.02 |
| CARR Carrier Global Corp. | Add +2.9% | 0.12% | +0.02 |
| AMT American Tower Corp. | Add +0.5% | 0.20% | +0.02 |
| KKR KKR & Co. Inc. | Add +0.4% | 0.15% | +0.02 |
| DHR Danaher Corp. | Add +1.5% | 0.37% | +0.02 |
| OHI Omega Healthcare Investors | Add +107.6% | 0.04% | +0.02 |
| DHI D.R. Horton Inc. | Add +0.4% | 0.10% | +0.02 |
| URI United Rentals Inc. | Add +3.5% | 0.12% | +0.02 |
| CBRE CBRE Group Inc. Class A | Add +0.4% | 0.09% | +0.02 |
| SPG Simon Property Group Inc. | Add +10.9% | 0.14% | +0.02 |
| TMUS T-Mobile US Inc. | Add +1.2% | 0.18% | +0.02 |
| NKE Nike Inc. Class B | Add +0.4% | 0.19% | +0.02 |
| VMRK Vivmark Residential | Add +36.1% | 0.07% | +0.02 |
| ADP Automatic Data Processing | Add +0.5% | 0.20% | +0.02 |
| BR Broadridge Financial Solutio | Add +37.4% | 0.06% | +0.02 |
| GLPI Gaming and Leisure Propertie | Add +39.4% | 0.05% | +0.02 |
| FFIV F5 Inc. | Add +55.8% | 0.04% | +0.02 |
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 |