Treasurer of the State of North Carolina

CIK: 0001761054SEC EDGAR →

Portfolio Value

$31.2B

Holdings

1,010

As of

Q4 2025

New Positions

8

Closed Positions

13

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

NVIDIA CORPORATION

10,686,760$2.0B
6.39%
2

APPLE INC

6,662,227$1.8B
5.80%
3

MICROSOFT CORP

3,429,487$1.7B
5.31%
4

AMAZON COM INC

4,655,349$1.1B
3.44%
5

ALPHABET INC

2,721,875$851.0M
2.73%
6

BROADCOM INC

2,311,325$799.0M
2.56%
7

ALPHABET INC

2,194,154$688.0M
2.20%
8

TESLA INC

1,370,412$616.0M
1.97%
9

ISHARES TR

2,028,363$499.0M
1.60%
10

JPMORGAN CHASE & CO.

1,138,275$366.0M
1.17%

Quarterly Changes

Top Buys

TMO↑ Increased
$82.2M
NFLX↑ Increased
$66.3M
CMI↑ Increased
$46.3M
BAC↑ Increased
$44.5M
MIGA↑ Increased
$26.4M

Top Sells

META↓ Decreased
$851.0M
BRK/B↓ Decreased
$416.5M
LLY↓ Decreased
$312.9M
MA↓ Decreased
$242.2M
MSFT↓ Decreased
$220.1M

New Positions (8)

$7.0M · 88K shares
$3.0M · 67K shares
$1.0M · 23K shares
$0 · 14K shares
$0 · 15K shares
$0 · 8K shares
$0 · 10K shares
$0 · 15K shares

Closed Positions (8)

$10.2M · 125K shares
$5.9M · 28K shares
$4.6M · 166K shares
$3.1M · 37K shares
$2.4M · 25K shares
$2.0M · 53K shares
$1.2M · 48K shares
$835K · 9K shares

Sector Breakdown

Sector# HoldingsValue%
Technology159$9.9B36.7%
Financial Services139$3.3B12.4%
Consumer Cyclical125$3.0B11.2%
Communication Services45$2.3B8.5%
Industrials157$2.1B7.8%
Healthcare95$2.1B7.6%
Consumer Defensive53$1.0B3.8%
Energy40$799.0M3.0%
Unknown59$742.4M2.7%
Utilities37$700.1M2.6%
Real Estate61$519.0M1.9%
Basic Materials40$481.0M1.8%