Treasurer of the State of North Carolina Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$31.2B

Holdings

1,010

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (1,010 positions)

#StockSharesValue% PortfolioType
1
NVDANVIDIA CORPORATION
10,686,760$2.0B6.39%
2
AAPLAPPLE INC
6,662,227$1.8B5.80%
3
MSFTMICROSOFT CORP
3,429,487$1.7B5.31%
4
AMZNAMAZON COM INC
4,655,349$1.1B3.44%
5
GOOGLALPHABET INC
2,721,875$851.0M2.73%
6
AVGOBROADCOM INC
2,311,325$799.0M2.56%
7
METAMETA PLATFORMS INC
1,106,187$730.0M2.34%
8
GOOGALPHABET INC
2,194,154$688.0M2.20%
9
TSLATESLA INC
1,370,412$616.0M1.97%
10
IWMISHARES TR
2,028,363$499.0M1.60%
11
LLYELI LILLY & CO
386,026$414.0M1.33%
12
BRK/BBERKSHIRE HATHAWAY INC DEL
772,821$388.0M1.24%
13
JPMJPMORGAN CHASE & CO.
1,138,275$366.0M1.17%
14
VVISA INC
938,634$329.0M1.05%
15
JNJJOHNSON & JOHNSON
1,380,575$285.0M0.91%
16
MAMASTERCARD INCORPORATED
417,387$238.0M0.76%
17
PGPROCTER AND GAMBLE CO
1,564,446$224.0M0.72%
18
XOMEXXON MOBIL CORP
1,770,226$213.0M0.68%
19
WMTWALMART INC
1,822,985$203.0M0.65%
20
BACBANK AMERICA CORP
3,661,098$201.0M0.64%
21
CSCOCISCO SYS INC
2,574,120$198.0M0.63%
22
PLTRPALANTIR TECHNOLOGIES INC
1,108,619$197.0M0.63%
23
NFLXNETFLIX INC
2,102,180$197.0M0.63%
24
ORCLORACLE CORP
940,009$183.0M0.59%
25
MUMICRON TECHNOLOGY INC
637,480$181.0M0.58%
26
ABBVABBVIE INC
767,134$175.0M0.56%
27
IBMINTERNATIONAL BUSINESS MACHS
540,450$160.0M0.51%
28
COSTCOSTCO WHSL CORP NEW
185,983$160.0M0.51%
29
LRCXLAM RESEARCH CORP
878,764$150.0M0.48%
30
UNHUNITEDHEALTH GROUP INC
452,856$149.0M0.48%
31
AMDADVANCED MICRO DEVICES INC
674,787$144.0M0.46%
32
HDHOME DEPOT INC
417,192$143.0M0.46%
33
GEGE AEROSPACE
447,227$137.0M0.44%
34
AMATAPPLIED MATLS INC
486,879$125.0M0.40%
35
KLACKLA CORP
103,152$125.0M0.40%
36
QCOMQUALCOMM INC
724,159$123.0M0.39%
37
WFCWELLS FARGO CO NEW
1,317,165$122.0M0.39%
38
CVXCHEVRON CORP NEW
785,006$119.0M0.38%
39
MRKMERCK & CO INC
1,131,565$119.0M0.38%
40
DISDISNEY WALT CO
1,051,029$119.0M0.38%
41
AXPAMERICAN EXPRESS CO
310,989$115.0M0.37%
42
INTUINTUIT
172,937$114.0M0.37%
43
KOCOCA COLA CO
1,629,472$113.0M0.36%
44
MCDMCDONALDS CORP
371,389$113.0M0.36%
45
CRMSALESFORCE INC
424,175$112.0M0.36%
46
4I1PHILIP MORRIS INTL INC
701,632$112.0M0.36%
47
ABTABBOTT LABS
886,063$111.0M0.36%
48
CATCATERPILLAR INC
194,018$111.0M0.36%
49
TMOTHERMO FISHER SCIENTIFIC INC
187,529$108.0M0.35%
50
GSGOLDMAN SACHS GROUP INC
123,120$108.0M0.35%
51
RTXRTX CORPORATION
560,587$102.0M0.33%
52
TXNTEXAS INSTRS INC
547,596$95.0M0.30%
53
ADIANALOG DEVICES INC
349,550$94.0M0.30%
54
COFCAPITAL ONE FINL CORP
384,546$93.0M0.30%
55
GDGENERAL DYNAMICS CORP
269,456$90.0M0.29%
56
GILDGILEAD SCIENCES INC
738,582$90.0M0.29%
57
MDTMEDTRONIC PLC
939,092$90.0M0.29%
58
ACNACCENTURE PLC IRELAND
334,757$89.0M0.29%
59
BLKBLACKROCK INC
81,893$87.0M0.28%
60
TRVCCITIGROUP INC
743,611$86.0M0.28%
61
DWDMORGAN STANLEY
482,575$85.0M0.27%
62
LINLINDE PLC
196,763$83.0M0.27%
63
ISRGINTUITIVE SURGICAL INC
147,902$83.0M0.27%
64
APPAPPLOVIN CORP
123,380$83.0M0.27%
65
ADBEADOBE INC
239,625$83.0M0.27%
66
UBERUBER TECHNOLOGIES INC
1,016,281$83.0M0.27%
67
PEPPEPSICO INC
574,173$82.0M0.26%
68
INTCINTEL CORP
2,210,369$81.0M0.26%
69
ADPAUTOMATIC DATA PROCESSING IN
292,528$75.0M0.24%
70
BKNGBOOKING HOLDINGS INC
14,150$75.0M0.24%
71
CMECME GROUP INC
277,211$75.0M0.24%
72
GEVGE VERNOVA INC
114,558$74.0M0.24%
73
AMGNAMGEN INC
225,367$73.0M0.23%
74
ETRENTERGY CORP NEW
786,227$72.0M0.23%
75
BACVERIZON COMMUNICATIONS INC
1,769,667$72.0M0.23%
76
PFEPFIZER INC
2,882,659$71.0M0.23%
77
SCHWSCHWAB CHARLES CORP
715,089$71.0M0.23%
78
TJXTJX COS INC NEW
468,671$71.0M0.23%
79
TAT&T INC
2,895,887$71.0M0.23%
80
NEENEXTERA ENERGY INC
874,142$70.0M0.22%
81
ANETARISTA NETWORKS INC
533,799$69.0M0.22%
82
DUKDUKE ENERGY CORP NEW
590,587$69.0M0.22%
83
APHAMPHENOL CORP NEW
511,267$69.0M0.22%
84
BABOEING CO
313,209$68.0M0.22%
85
NOWSERVICENOW INC
433,000$66.0M0.21%
86
SPGIS&P GLOBAL INC
127,023$66.0M0.21%
87
PANWPALO ALTO NETWORKS INC
363,483$66.0M0.21%
88
SPGSIMON PPTY GROUP INC NEW
327,372$60.0M0.19%
89
DHRDANAHER CORPORATION
263,843$60.0M0.19%
90
COPCONOCOPHILLIPS
645,349$60.0M0.19%
91
BSXBOSTON SCIENTIFIC CORP
618,485$58.0M0.19%
92
UNPUNION PAC CORP
250,588$57.0M0.18%
93
NEMNEWMONT CORP
569,543$56.0M0.18%
94
LOWLOWES COS INC
234,838$56.0M0.18%
95
CMICUMMINS INC
110,733$56.0M0.18%
96
HCAHCA HEALTHCARE INC
119,938$55.0M0.18%
97
PGRPROGRESSIVE CORP
245,541$55.0M0.18%
98
WELLWELLTOWER INC
288,112$53.0M0.17%
99
CRWDCROWDSTRIKE HLDGS INC
113,784$53.0M0.17%
100
A4SAMERIPRISE FINL INC
108,384$53.0M0.17%
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