Treasurer of the State of North Carolina

RALEIGH, NC · CIK 1761054 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityTreasurer of the State of North Carolina (US)

Kindasset owner
Others nearbyRaleigh, NC

$38.8bn reported value +22.1% vs Q1 2026

1,096positions

32.0%in top 10

137 new 404 added 547 reduced 47 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	10,803,573	$2.2bn5.57%	5.57%	Reduced -191.6k	-191,567 -1.7%
2	APPLE INC COM AAPL	AAPL	6,775,147	$2.0bn5.05%	5.05%	Reduced -6.0k	-5,977 -0.1%
3	ISHARES TR RUSSELL 2000 ETF IWM	IWM	5,928,226	$1.8bn4.59%	4.59%	Added +15.0k	+14,970 0.2%
4	MICROSOFT CORP COM MSFT	MSFT	3,656,121	$1.4bn3.51%	3.51%	Added +124.3k	+124,276 3.5%
5	AMAZON COM INC COM AMZN	AMZN	4,847,545	$1.2bn2.98%	2.98%	Added +36.1k	+36,132 0.8%
6	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,775,443	$991.9m2.56%	2.56%	Reduced -30.3k	-30,320 -1.1%
7	BROADCOM INC COM AVGO	AVGO	2,392,600	$903.8m2.33%	2.33%	Reduced -1.4k	-1,410 -0.1%
8	ALPHABET INC CAP STK CL C GOOG	GOOG	2,234,573	$789.5m2.03%	2.03%	Reduced -25.5k	-25,503 -1.1%
9	MICRON TECHNOLOGY INC COM MU	MU	584,404	$674.6m1.74%	1.74%	Reduced -81.5k	-81,525 -12.2%
10	META PLATFORMS INC CL A META	META	1,161,273	$654.1m1.69%	1.69%	Added +14.5k	+14,541 1.3%
11	TESLA INC COM TSLA	TSLA	1,452,800	$611.0m1.57%	1.57%	Added +36.4k	+36,360 2.6%
12	ELI LILLY & CO COM LLY	LLY	393,599	$472.1m1.22%	1.22%	Reduced -5.2k	-5,160 -1.3%
13	ADVANCED MICRO DEVICES INC COM AMD	AMD	692,875	$402.5m1.04%	1.04%	Added +3.4k	+3,400 0.5%
14	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	793,258	$396.9m1.02%	1.02%	Added +3.6k	+3,610 0.5%
15	JPMORGAN CHASE & CO COM JPM	JPM	1,138,956	$372.8m0.96%	0.96%	Reduced -24.1k	-24,100 -2.1%
16	JOHNSON & JOHNSON COM JNJ	JNJ	1,442,314	$366.3m0.94%	0.94%	Reduced -350	-350 -0.0%
17	INVESCO EXCH TRADED FD TR II VAR RATE PFD VRP	VRP	14,378,855	$349.6m0.90%	0.90%	New
18	LAM RESEARCH CORP COM NEW LRCX	LRCX	780,871	$338.4m0.87%	0.87%	Reduced -147.4k	-147,380 -15.9%
19	APPLIED MATLS INC COM AMAT	AMAT	458,159	$331.2m0.85%	0.85%	Reduced -48.5k	-48,540 -9.6%
20	CISCO SYS INC COM CSCO	CSCO	2,695,652	$316.6m0.82%	0.82%	Reduced -12.5k	-12,520 -0.5%
21	INTEL CORP COM INTC	INTC	2,244,943	$313.5m0.81%	0.81%	Reduced -44.6k	-44,650 -1.9%
22	VISA INC COM CL A V	V	887,627	$304.5m0.78%	0.78%	Reduced -91.5k	-91,520 -9.3%
23	KLA CORP COM NEW KLAC	KLAC	909,230	$274.3m0.71%	0.71%	Reduced -186.1k	-186,100 -17.0%
24	EXXON MOBIL CORP COM XOM	XOM	1,772,742	$242.4m0.62%	0.62%	Reduced -36.0k	-36,020 -2.0%
25	PROCTER AND GAMBLE CO COM PG	PG	1,641,626	$240.7m0.62%	0.62%	Reduced -6.8k	-6,820 -0.4%
26	BANK AMERICA CORP COM BAC	BAC	3,750,692	$213.7m0.55%	0.55%	Reduced -30.3k	-30,307 -0.8%
27	CATERPILLAR INC COM CAT	CAT	199,374	$212.3m0.55%	0.55%	Added +1.1k	+1,136 0.6%
28	WALMART INC COM WMT	WMT	1,869,761	$211.8m0.55%	0.55%	Added +7.1k	+7,090 0.4%
29	ABBVIE INC COM ABBV	ABBV	754,175	$189.8m0.49%	0.49%	Reduced -31.8k	-31,797 -4.0%
30	TEXAS INSTRS INC COM TXN	TXN	616,404	$183.7m0.47%	0.47%	Added +42.5k	+42,526 7.4%
31	COSTCO WHSL CORP NEW COM COST	COST	189,040	$176.8m0.46%	0.46%	Reduced -990	-990 -0.5%
32	MASTERCARD INCORPORATED CL A MA	MA	344,094	$176.7m0.46%	0.46%	Reduced -89.3k	-89,286 -20.6%
33	MERCK & CO INC COM MRK	MRK	1,326,149	$170.4m0.44%	0.44%	Added +178.2k	+178,160 15.5%
34	VANECK ETF TRUST PREFERRED SECURT PFXF	PFXF	9,351,150	$166.8m0.43%	0.43%	New
35	SANDISK CORP COM SNDK	SNDK	72,631	$165.1m0.43%	0.43%	Reduced -1.9k	-1,862 -2.5%
36	GE AEROSPACE COM NEW GE	GE	439,973	$164.4m0.42%	0.42%	Reduced -18.0k	-17,967 -3.9%
37	UNITEDHEALTH GROUP INC COM UNH	UNH	384,640	$159.9m0.41%	0.41%	Reduced -84.2k	-84,236 -18.0%
38	ISHARES TR US INFRASTRUC IFRA	IFRA	2,520,711	$158.9m0.41%	0.41%	New
39	GLOBAL X FDS GLB X MLP ENRG I MLPX	MLPX	2,139,399	$157.6m0.41%	0.41%	New
40	NETFLIX INC COM NFLX	NFLX	2,134,636	$152.4m0.39%	0.39%	Reduced -41.4k	-41,400 -1.9%
41	HOME DEPOT INC COM HD	HD	424,903	$149.9m0.39%	0.39%	Reduced -1.4k	-1,370 -0.3%
42	GE VERNOVA INC COM GEV	GEV	124,495	$146.3m0.38%	0.38%	Added +8.9k	+8,908 7.7%
43	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	519,545	$146.1m0.38%	0.38%	Reduced -45.6k	-45,630 -8.1%
44	ANALOG DEVICES INC COM ADI	ADI	367,029	$145.8m0.38%	0.38%	Added +820	+820 0.2%
45	ORACLE CORP COM ORCL	ORCL	992,264	$145.4m0.37%	0.37%	Added +11.6k	+11,600 1.2%
46	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	1,164,554	$135.9m0.35%	0.35%	Added +15.2k	+15,160 1.3%
47	COCA COLA CO COM KO	KO	1,655,588	$134.6m0.35%	0.35%	Reduced -9.4k	-9,360 -0.6%
48	CHEVRON CORP NEW COM CVX	CVX	790,306	$131.0m0.34%	0.34%	Reduced -11.8k	-11,790 -1.5%
49	AMPHENOL CORP CL A APH	APH	722,366	$127.4m0.33%	0.33%	Added +200.0k	+199,970 38.3%
50	QUALCOMM INC COM QCOM	QCOM	682,042	$126.0m0.32%	0.32%	Reduced -76.5k	-76,550 -10.1%
51	GOLDMAN SACHS GROUP INC COM GS	GS	122,832	$124.2m0.32%	0.32%	Reduced -3.0k	-2,970 -2.4%
52	PHILIP MORRIS INTL INC COM PM	PM	664,288	$120.2m0.31%	0.31%	Reduced -56.8k	-56,822 -7.9%
53	PALO ALTO NETWORKS INC COM PANW	PANW	343,493	$117.1m0.30%	0.30%	Reduced -89.9k	-89,945 -20.8%
54	AMERICAN EXPRESS CO COM AXP	AXP	339,839	$115.0m0.30%	0.30%	Added +14.8k	+14,790 4.5%
55	MCDONALDS CORP COM MCD	MCD	416,981	$112.7m0.29%	0.29%	Added +31.3k	+31,320 8.1%
56	ARISTA NETWORKS INC COM SHS ANET	ANET	653,412	$111.0m0.29%	0.29%	Added +99.2k	+99,250 17.9%
57	MARVELL TECHNOLOGY INC COM MRVL	MRVL	371,557	$110.7m0.29%	0.29%	Added +9.1k	+9,140 2.5%
58	WESTERN DIGITAL CORP COM WDC	WDC	170,974	$109.2m0.28%	0.28%	Reduced -11.9k	-11,920 -6.5%
59	RTX CORPORATION COM RTX	RTX	574,583	$109.0m0.28%	0.28%	Added +1.8k	+1,790 0.3%
60	WELLS FARGO CO NEW COM WFC	WFC	1,304,887	$107.8m0.28%	0.28%	Reduced -21.0k	-21,020 -1.6%
61	GENERAL DYNAMICS CORP COM GD	GD	296,787	$105.1m0.27%	0.27%	Added +7.4k	+7,390 2.5%
62	DISNEY WALT CO COM DIS	DIS	1,082,241	$104.2m0.27%	0.27%	Reduced -2.1k	-2,060 -0.2%
63	ISHARES INC GLB ENR PROD ETF POWR	POWR	3,725,393	$104.2m0.27%	0.27%	New
64	DUKE ENERGY CORP NEW COM NEW DUK	DUK	810,189	$102.6m0.26%	0.26%	Added +184.0k	+183,976 29.4%
65	LINDE PLC SHS LIN	LIN	196,419	$101.9m0.26%	0.26%	Reduced -4.6k	-4,630 -2.3%
66	CITIGROUP INC COM NEW C	C	725,714	$101.6m0.26%	0.26%	Reduced -16.3k	-16,340 -2.2%
67	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	1,823,145	$100.6m0.26%	0.26%	New
68	MORGAN STANLEY COM NEW MS	MS	477,403	$99.8m0.26%	0.26%	Reduced -8.3k	-8,310 -1.7%
69	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	198,288	$99.4m0.26%	0.26%	Added +4.2k	+4,150 2.1%
70	GILEAD SCIENCES INC COM GILD	GILD	771,363	$97.5m0.25%	0.25%	Reduced -2.0k	-1,960 -0.2%
71	SCHWAB CHARLES CORP COM SCHW	SCHW	1,042,577	$96.2m0.25%	0.25%	Added +327.6k	+327,600 45.8%
72	NEXTERA ENERGY INC COM NEE	NEE	1,057,682	$92.8m0.24%	0.24%	Added +164.5k	+164,513 18.4%
73	ISHARES U S ETF TR GSCI CMDTY STGY COMT	COMT	2,946,685	$89.5m0.23%	0.23%	New
74	CORNING INC COM GLW	GLW	336,777	$86.0m0.22%	0.22%	Added +2.5k	+2,520 0.8%
75	CUMMINS INC COM CMI	CMI	118,118	$84.2m0.22%	0.22%	Added +410	+410 0.3%
76	CAPITAL ONE FINL CORP COM COF	COF	416,293	$83.5m0.22%	0.22%	Added +19.0k	+18,990 4.8%
77	AMGEN INC COM AMGN	AMGN	229,917	$83.3m0.21%	0.21%	Reduced -360	-360 -0.2%
78	SALESFORCE INC COM CRM	CRM	525,036	$82.3m0.21%	0.21%	Added +98.2k	+98,150 23.0%
79	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	106,892	$81.6m0.21%	0.21%	Reduced -10.2k	-10,246 -8.8%
80	CONOCOPHILLIPS COM COP	COP	783,781	$81.5m0.21%	0.21%	Added +119.6k	+119,610 18.0%
81	EATON CORP PLC SHS ETN	ETN	190,640	$81.2m0.21%	0.21%	Added +22.9k	+22,859 13.6%
82	PEPSICO INC COM PEP	PEP	581,395	$78.7m0.20%	0.20%	Reduced -5.3k	-5,280 -0.9%
83	SIMON PPTY GROUP INC NEW COM SPG	SPG	350,233	$78.3m0.20%	0.20%	Reduced -760	-760 -0.2%
84	ISHARES TR GLOB INDSTRL ETF EXI	EXI	388,830	$78.0m0.20%	0.20%	New
85	MEDTRONIC PLC SHS MDT	MDT	995,253	$77.9m0.20%	0.20%	Added +1.1k	+1,130 0.1%
86	AMETEK INC COM AME	AME	317,353	$76.8m0.20%	0.20%	Added +44.8k	+44,790 16.4%
87	UNION PAC CORP COM UNP	UNP	279,644	$76.1m0.20%	0.20%	Added +23.6k	+23,601 9.2%
88	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,783,466	$75.5m0.19%	0.19%	Reduced -24.7k	-24,730 -1.4%
89	ENTERGY CORP NEW COM ETR	ETR	641,821	$73.7m0.19%	0.19%	Reduced -213.1k	-213,102 -24.9%
90	TJX COS INC NEW COM TJX	TJX	471,265	$71.4m0.18%	0.18%	Reduced -7.6k	-7,610 -1.6%
91	DEERE & CO COM DE	DE	110,627	$70.2m0.18%	0.18%	Added +6.0k	+6,023 5.8%
92	BOEING CO COM BA	BA	323,799	$70.1m0.18%	0.18%	Added +310	+310 0.1%
93	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	306,832	$68.7m0.18%	0.18%	Reduced -730	-730 -0.2%
94	WELLTOWER INC COM WELL	WELL	301,179	$68.4m0.18%	0.18%	Added +6.8k	+6,790 2.3%
95	AMEREN CORP COM AEE	AEE	600,117	$67.8m0.17%	0.17%	Added +461.2k	+461,156 331.9%
96	ABBOTT LABS COM ABT	ABT	738,139	$67.0m0.17%	0.17%	Reduced -181.0k	-181,024 -19.7%
97	APPLOVIN CORP COM CL A APP	APP	129,579	$66.8m0.17%	0.17%	Added +1.5k	+1,490 1.2%
98	UNITED RENTALS INC COM URI	URI	58,427	$66.2m0.17%	0.17%	Added +4.4k	+4,355 8.1%
99	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	188,593	$66.0m0.17%	0.17%	Added +114.9k	+114,930 156.0%
100	FREEPORT-MCMORAN INC CL B FCX	FCX	1,024,794	$64.4m0.17%	0.17%	Reduced -75.1k	-75,070 -6.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		136,132	$61.5m136.1k shares
CARNIVAL CORP		811,943	$21.0m811.9k shares
COTERRA ENERGY INC CTRA	CTRA	465,262	$16.3m465.3k shares
DUPONT DE NEMOURS INC DWDP	DWDP	59,734	$8.2m59.7k shares
HOLOGIC INC HOLX	HOLX	95,498	$7.2m95.5k shares
TERADATA CORP DEL TDC	TDC	136,621	$3.5m136.6k shares
MASIMO CORP MASI	MASI	19,294	$3.4m19.3k shares
AIR LEASE CORP AL	AL	44,587	$2.9m44.6k shares
SEALED AIR CORP NEW		62,428	$2.6m62.4k shares
APELLIS PHARMACEUTICALS INC APLS	APLS	46,153	$1.9m46.2k shares
CLEARWAY ENERGY INC		30,849	$1.2m30.8k shares
ASHLAND INC ASH	ASH	19,401	$1.1m19.4k shares
HIGHWOODS PPTYS INC HIW	HIW	46,260	$990.0k46.3k shares
DENTSPLY SIRONA INC XRAY	XRAY	85,246	$989.0k85.2k shares
HARLEY DAVIDSON INC HOG	HOG	47,711	$965.0k47.7k shares
HUNTSMAN CORP HUN	HUN	70,354	$936.0k70.4k shares
SAREPTA THERAPEUTICS INC SRPT	SRPT	42,340	$921.0k42.3k shares
FMC CORP FMC	FMC	53,117	$915.0k53.1k shares
RH RH	RH	6,536	$914.0k6.5k shares
ACADIA HEALTHCARE COMPANY IN ACHC	ACHC	38,953	$911.0k39.0k shares
DXC TECHNOLOGY CO DXC	DXC	72,020	$905.0k72.0k shares
GLOBANT S A GLOB	GLOB	18,483	$852.0k18.5k shares
CRANE NXT CO CXT	CXT	20,961	$851.0k21.0k shares
PENN ENTERTAINMENT INC PENN	PENN	56,244	$845.0k56.2k shares
PARK HOTELS & RESORTS INC PK	PK	79,267	$835.0k79.3k shares