Treasurer of the State of North Carolina
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Treasurer of the State of North Carolina reported 1,006 stock positions worth $31.8 billion. Its top holding was Nvidia (NVDA) at 6.0% of the portfolio, followed by Apple (AAPL, 5.4%) and iShares Russell 2000 ETF (IWM, 4.6%). Compared with Q4 2025, it opened 4 new positions, sold out of 9, added to 953 and reduced 48. The biggest buy was iShares Russell 2000 ETF (IWM, shares +192%) and the biggest sale an exit from Exact Sciences (EXAS).
- Most Recent 13F
- Q2 2026
- Location
- RALEIGH, NC
- CIK
- 0001761054
- Portfolio Value
- $31.8B (Q1 2026)
- SEC Filing
- 0001761054-26-000003 ↗ filed May 14, 2026
Holdings Value
Holdings 1,006 stocks · $31.8B
| NVDA Nvidia Corp. | 6.03% | 10,995,140 | $1.9B | Add +2.9% |
| AAPL Apple Inc. | 5.41% | 6,781,124 | $1.7B | Add +1.8% |
| IWM iShares Russell 2000 ETF | 4.61% | 5,913,256 | $1.5B | Add +191.5% |
| MSFT Microsoft Corp. | 4.11% | 3,531,845 | $1.3B | Add +3.0% |
| AMZN Amazon.com Inc. | 3.15% | 4,811,413 | $1.0B | Add +3.4% |
| GOOGL Alphabet Inc. Class A | 2.54% | 2,805,763 | $806.8M | Add +3.1% |
| AVGO Broadcom Inc. | 2.33% | 2,394,010 | $741.0M | Add +3.6% |
| META Meta Platforms Inc. Class A | 2.06% | 1,146,732 | $656.1M | Add +3.7% |
| GOOG Alphabet Inc. Class C | 2.04% | 2,260,076 | $648.3M | Add +3.0% |
| TSLA Tesla Inc. | 1.66% | 1,416,440 | $526.6M | Add +3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.19% | 789,648 | $378.4M | Add +2.2% |
| LLY Eli Lilly & Co. | 1.15% | 398,759 | $366.8M | Add +3.3% |
| JNJ Johnson & Johnson | 1.11% | 1,442,664 | $352.6M | Add +4.5% |
| JPM JPMorgan Chase & Co. | 1.08% | 1,163,056 | $342.1M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.97% | 1,808,762 | $306.9M | Add +2.2% |
| V Visa Inc. Class A | 0.93% | 979,147 | $295.9M | Add +4.3% |
| PG The Procter & Gamble Co. | 0.75% | 1,648,446 | $238.1M | Add +5.4% |
| WMT Walmart Inc. | 0.73% | 1,862,671 | $231.5M | Add +2.2% |
| MU Micron Technology Inc. | 0.71% | 665,929 | $225.0M | Add +4.5% |
| MA Mastercard Inc. Class A | 0.68% | 433,380 | $216.5M | Add +3.8% |
| CSCO Cisco Systems Inc. | 0.66% | 2,708,172 | $210.1M | Add +5.2% |
| NFLX Netflix Inc. | 0.66% | 2,176,036 | $209.2M | Add +3.5% |
| LRCX Lam Research Corp. | 0.62% | 928,251 | $198.3M | Add +5.6% |
| COST Costco Wholesale Corp. | 0.60% | 190,030 | $189.4M | Add +2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 3,780,999 | $184.3M | Add +3.3% |
| AMAT Applied Materials Inc. | 0.54% | 506,699 | $173.2M | Add +4.1% |
| ABBV Abbvie Inc. | 0.54% | 785,972 | $170.9M | Add +2.5% |
| PLTR Palantir Technologies Inc. Class A | 0.53% | 1,149,394 | $168.1M | Add +3.7% |
| CVX Chevron Corp. | 0.52% | 802,096 | $166.0M | Add +2.2% |
| KLAC KLA Corp. | 0.51% | 109,533 | $161.3M | Add +6.2% |
| ORCL Oracle Corp. | 0.45% | 980,664 | $144.3M | Add +4.3% |
| CAT Caterpillar Inc. | 0.44% | 198,238 | $140.4M | Add +2.2% |
| AMD Advanced Micro Devices | 0.44% | 689,475 | $140.3M | Add +2.2% |
| HD Home Depot Inc. | 0.44% | 426,273 | $140.2M | Add +2.2% |
| MRK Merck & Co. Inc. | 0.43% | 1,147,989 | $138.1M | Add +1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 565,175 | $137.0M | Add +4.6% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 457,940 | $129.9M | Add +2.4% |
| UNH Unitedhealth Group Inc. | 0.40% | 468,876 | $126.9M | Add +3.5% |
| KO The Coca-Cola Co. | 0.40% | 1,664,948 | $126.6M | Add +2.2% |
| MCD McDonald's Corp. | 0.38% | 385,661 | $119.9M | Add +3.8% |
| PM Philip Morris International | 0.38% | 721,110 | $119.2M | Add +2.8% |
| ADI Analog Devices Inc. | 0.37% | 366,209 | $116.5M | Add +4.8% |
| TXN Texas Instruments Inc. | 0.35% | 573,878 | $111.4M | Add +4.8% |
| RTX RTX Corp. | 0.35% | 572,793 | $110.5M | Add +2.2% |
| GILD Gilead Sciences Inc. | 0.34% | 773,323 | $107.8M | Add +4.7% |
| GS Goldman Sachs Group Inc. | 0.33% | 125,802 | $106.4M | Add +2.2% |
| WFC Wells Fargo & Co. | 0.33% | 1,325,907 | $105.6M | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 1,084,301 | $104.5M | Add +3.2% |
| INTC Intel Corp. | 0.32% | 2,289,593 | $101.0M | Add +3.6% |
| GEV GE Vernova Inc. | 0.32% | 115,587 | $100.9M | Add +0.9% |
| LIN Linde PLC | 0.31% | 201,049 | $99.7M | Add +2.2% |
| GD General Dynamics Corp. | 0.31% | 289,397 | $99.3M | Add +7.4% |
| AXP American Express Co. | 0.31% | 325,049 | $98.3M | Add +4.5% |
| QCOM Qualcomm Inc. | 0.31% | 758,592 | $97.7M | Add +4.8% |
| ETR Entergy Corp. | 0.30% | 854,923 | $96.1M | Add +8.7% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 194,138 | $95.4M | Add +3.5% |
| ABT Abbott Laboratories | 0.30% | 919,163 | $94.4M | Add +3.7% |
| PEP Pepsico Inc. | 0.29% | 586,675 | $91.1M | Add +2.2% |
| VZ Verizon Communications Inc. | 0.29% | 1,808,196 | $90.8M | Add +2.2% |
| COP Conocophillips | 0.28% | 664,171 | $87.7M | Add +2.9% |
| CME Cme Group Inc. | 0.27% | 294,134 | $86.9M | Add +6.1% |
| MDT Medtronic PLC | 0.27% | 994,123 | $86.1M | Add +5.9% |
| T AT&T Inc. | 0.27% | 2,958,929 | $85.8M | Add +2.2% |
| C Citigroup Inc. | 0.26% | 742,054 | $84.2M | Reduce -0.2% |
| PFE Pfizer Inc. | 0.26% | 2,988,638 | $83.9M | Add +3.7% |
| NEE Nextera Energy Inc. | 0.26% | 893,169 | $83.0M | Add +2.2% |
| DUK Duke Energy Corp. | 0.26% | 626,213 | $82.0M | Add +6.0% |
| BLK BlackRock Inc. | 0.26% | 85,219 | $82.0M | Add +4.1% |
| AMGN Amgen Inc. | 0.25% | 230,277 | $81.0M | Add +2.2% |
| MS Morgan Stanley | 0.25% | 485,713 | $79.9M | Add +0.7% |
| CRM Salesforce Inc. | 0.25% | 426,886 | $79.7M | Add +0.6% |
| INTU Intuit Inc. | 0.25% | 181,737 | $78.6M | Add +5.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 478,875 | $76.5M | Add +2.2% |
| UBER Uber Technologies Inc. | 0.24% | 1,053,265 | $75.8M | Add +3.6% |
| COF Capital One Financial Corp. | 0.23% | 397,303 | $72.5M | Add +3.3% |
| ISRG Intuitive Surgical Inc. | 0.22% | 151,121 | $69.7M | Add +2.2% |
| PANW Palo Alto Networks Inc. | 0.22% | 433,438 | $69.5M | Add +19.3% |
| ACN Accenture PLC Class A | 0.21% | 343,690 | $68.2M | Add +2.7% |
| ANET Arista Networks Inc. | 0.21% | 554,162 | $68.0M | Add +3.8% |
| SCHW Schwab (charles) Corp. | 0.21% | 714,977 | $67.2M | Reduce -0.0% |
| APH Amphenol Corp. Class A | 0.21% | 522,396 | $66.0M | Add +2.2% |
| SPG Simon Property Group Inc. | 0.21% | 350,993 | $65.5M | Add +7.2% |
| FCX Freeport-McMoran Inc. | 0.20% | 1,099,864 | $64.7M | Add +5.8% |
| BA The Boeing Co. | 0.20% | 323,489 | $64.4M | Add +3.3% |
| NEM Newmont Corp. | 0.20% | 591,347 | $64.0M | Add +3.8% |
| CMI Cummins Inc. | 0.20% | 117,708 | $63.3M | Add +6.3% |
| ADP Automatic Data Processing | 0.20% | 307,562 | $62.5M | Add +5.1% |
| UNP Union Pacific Corp. | 0.20% | 256,043 | $62.1M | Add +2.2% |
| HON Honeywell International Inc. | 0.19% | 272,263 | $61.5M | Add +2.2% |
| BKNG Booking Holdings Inc. | 0.19% | 14,503 | $61.1M | Add +2.5% |
| HCA HCA Healthcare Inc. | 0.19% | 127,030 | $60.1M | Add +5.9% |
| ADBE Adobe Inc. | 0.19% | 246,928 | $60.0M | Add +3.0% |
| ETN Eaton Corp. PLC | 0.19% | 167,781 | $60.0M | Add +2.2% |
| DE Deere & Co. | 0.19% | 104,604 | $58.9M | Add +2.2% |
| AME Ametek Inc. | 0.18% | 272,563 | $58.4M | Add +7.5% |
| WELL Welltower Inc. | 0.18% | 294,389 | $58.2M | Add +2.2% |
| EVRG Evergy Inc. | 0.18% | 699,185 | $57.3M | Add +9.5% |
| MO Altria Group Inc. | 0.18% | 861,468 | $56.8M | Add +3.5% |
| LOW Lowe's Cos Inc. | 0.18% | 239,952 | $56.7M | Add +2.2% |
| IVV iShares Core S&P 500 ETF | 0.17% | 84,701 | $55.3M | Add +13.1% |
Portfolio Sells Q4 2025 → Q1 2026
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -0.0% | 0.21% | −0.02 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.01 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.01 |
| C Citigroup Inc. | Reduce -0.2% | 0.26% | −0.01 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.01 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.01 |
| IT Gartner Inc. | Reduce -2.8% | 0.01% | −0.01 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.01 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.01 |
| AIG American International Group | Reduce -0.5% | 0.05% | −0.01 |
| WRB WR Berkley Corp. | Reduce -20.8% | 0.02% | −0.01 |
| EQH Equitable Holdings Inc. | Reduce -3.0% | 0.01% | −0.01 |
| HPQ HP Inc. | Reduce -0.5% | 0.02% | −0.00 |
| FCNCA First Citizens Bcshs Class A | Reduce -1.1% | 0.02% | −0.00 |
| GPN Global Payments Inc. | Reduce -0.4% | 0.02% | −0.00 |
| CIVI Civitas Resources Inc. | Sold out | 0.00% | −0.00 |
| ACM Aecom | Reduce -0.4% | 0.01% | −0.00 |
| BRBR Bellring Brands Inc. | Reduce -4.7% | 0.00% | −0.00 |
| MORN Morningstar Inc. | Reduce -3.5% | 0.00% | −0.00 |
| RVTY Revvity Inc. | Reduce -0.2% | 0.01% | −0.00 |
| GTM Zoominfo Technologies Inc. | Reduce -0.1% | 0.00% | −0.00 |
| FHN First Horizon Corp. | Reduce -2.3% | 0.01% | −0.00 |
| TRV The Travelers Cos Inc. | Reduce -0.4% | 0.09% | −0.00 |
| KEY Keycorp | Reduce -0.2% | 0.02% | −0.00 |
| TKO Tko Group Holdings Inc. | Reduce -1.4% | 0.02% | −0.00 |
| BEN Franklin Templeton Inc. | Reduce -9.7% | 0.01% | −0.00 |
| ACI Albertsons Cos Inc. Class A | Reduce -8.8% | 0.01% | −0.00 |
| ETSY Etsy Inc. | Reduce -3.2% | 0.01% | −0.00 |
| FG F&G Annuities & Life Inc. | Sold out | 0.00% | −0.00 |
| KMPR Kemper Corp. | Reduce -4.6% | 0.00% | −0.00 |
| YETI Yeti Holdings Inc. | Reduce -2.1% | 0.00% | −0.00 |
| BIRK Birkenstock Holding PLC | Reduce -17.6% | 0.00% | −0.00 |
| AGO Assured Guaranty Ltd. | Reduce -1.1% | 0.00% | −0.00 |
| CACC Credit Acceptance Corp. | Reduce -12.0% | 0.00% | −0.00 |
| DXC DXC Technology Co. | Reduce -0.4% | 0.00% | −0.00 |
| HSIC Henry Schein Inc. | Reduce -0.8% | 0.01% | −0.00 |
| SSB Southstate Bank Corp. | Reduce -0.1% | 0.01% | −0.00 |
| POST Post Holdings Inc. | Reduce -3.0% | 0.01% | −0.00 |
| PENN Penn Entertainment Inc. | Reduce -7.0% | 0.00% | −0.00 |
| PK Park Hotels & Resorts Inc. | Reduce -3.7% | 0.00% | −0.00 |
| BLSH Bullish | Reduce -0.8% | 0.00% | −0.00 |
| COLM Columbia Sportswear Co. | Reduce -0.2% | 0.00% | 0.00 |
| PPLI People Inc. | Reduce -1.6% | 0.00% | 0.00 |
| PVH PVH Corp. | Reduce -2.6% | 0.00% | 0.00 |
| LBTYK Liberty Global Ltd. Class C | Reduce -0.5% | 0.00% | +0.00 |
| UA Under Armour Inc. Class C | Reduce -0.3% | 0.00% | +0.00 |
| KMX Carmax Inc. | Reduce -1.3% | 0.01% | +0.00 |
| HXL Hexcel Corp. | Reduce -2.8% | 0.01% | +0.00 |
| APG Api Group Corp. | Reduce -0.9% | 0.02% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| IWM iShares Russell 2000 ETF | Add +191.5% | 4.61% | +3.01 |
| XOM Exxon Mobil Corp. | Add +2.2% | 0.97% | +0.28 |
| JNJ Johnson & Johnson | Add +4.5% | 1.11% | +0.19 |
| AMAT Applied Materials Inc. | Add +4.1% | 0.54% | +0.14 |
| LRCX Lam Research Corp. | Add +5.6% | 0.62% | +0.14 |
| CVX Chevron Corp. | Add +2.2% | 0.52% | +0.14 |
| MU Micron Technology Inc. | Add +4.5% | 0.71% | +0.12 |
| KLAC KLA Corp. | Add +6.2% | 0.51% | +0.11 |
| SNDK Sandisk Corp. | Add +8.8% | 0.15% | +0.10 |
| CAT Caterpillar Inc. | Add +2.2% | 0.44% | +0.09 |
| COP Conocophillips | Add +2.9% | 0.28% | +0.08 |
| COST Costco Wholesale Corp. | Add +2.2% | 0.60% | +0.08 |
| GEV GE Vernova Inc. | Add +0.9% | 0.32% | +0.08 |
| WMT Walmart Inc. | Add +2.2% | 0.73% | +0.08 |
| ETR Entergy Corp. | Add +8.7% | 0.30% | +0.07 |
| ADI Analog Devices Inc. | Add +4.8% | 0.37% | +0.06 |
| WDC Western Digital Corp. | Add +3.8% | 0.16% | +0.06 |
| INTC Intel Corp. | Add +3.6% | 0.32% | +0.06 |
| VZ Verizon Communications Inc. | Add +2.2% | 0.29% | +0.05 |
| MRK Merck & Co. Inc. | Add +1.4% | 0.43% | +0.05 |
| GLW Corning Inc. | Add +2.2% | 0.14% | +0.05 |
| GILD Gilead Sciences Inc. | Add +4.7% | 0.34% | +0.05 |
| TXN Texas Instruments Inc. | Add +4.8% | 0.35% | +0.05 |
| VRT Vertiv Holdings Co. Class A | Add +2.2% | 0.13% | +0.05 |
| LIN Linde PLC | Add +2.2% | 0.31% | +0.04 |
| EOG EOG Resources Inc. | Add +4.4% | 0.15% | +0.04 |
| T AT&T Inc. | Add +2.2% | 0.27% | +0.04 |
| DUK Duke Energy Corp. | Add +6.0% | 0.26% | +0.04 |
| NEE Nextera Energy Inc. | Add +2.2% | 0.26% | +0.04 |
| VLO Valero Energy Corp. | Add +2.2% | 0.10% | +0.03 |
| FCX Freeport-McMoran Inc. | Add +5.8% | 0.20% | +0.03 |
| LMT Lockheed Martin Corp. | Add +2.2% | 0.17% | +0.03 |
| PFE Pfizer Inc. | Add +3.7% | 0.26% | +0.03 |
| KO The Coca-Cola Co. | Add +2.2% | 0.40% | +0.03 |
| DE Deere & Co. | Add +2.2% | 0.19% | +0.03 |
| MPC Marathon Petroleum Corp. | Add +1.0% | 0.10% | +0.03 |
| EVRG Evergy Inc. | Add +9.5% | 0.18% | +0.03 |
| LITE Lumentum Holdings Inc. | Add +2.2% | 0.07% | +0.03 |
| CME Cme Group Inc. | Add +6.1% | 0.27% | +0.03 |
| PG The Procter & Gamble Co. | Add +5.4% | 0.75% | +0.03 |
| CF CF Industries Holdings Inc. | Add +5.6% | 0.07% | +0.03 |
| CIEN Ciena Corp. | Add +2.2% | 0.07% | +0.03 |
| PSX Phillips 66 | Add +2.2% | 0.10% | +0.03 |
| CTVA Corteva Inc. | Add +4.8% | 0.13% | +0.03 |
| EQIX Equinix Inc. | Add +2.2% | 0.13% | +0.03 |
| HON Honeywell International Inc. | Add +2.2% | 0.19% | +0.03 |
| NFLX Netflix Inc. | Add +3.5% | 0.66% | +0.03 |
| SLB SLB Ltd. | Add +2.2% | 0.10% | +0.03 |
| ROST Ross Stores Inc. | Add +4.8% | 0.14% | +0.03 |
| LNG Cheniere Energy Inc. | Add +2.2% | 0.08% | +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 |