Latest Treasurer of the State of North Carolina Stock Portfolio

Treasurer of the State of North Carolina Performance:

2025 Q4: 1.96%YTD: 14.99%2024: 26.58%

Performance for 2025 Q4 is 1.96%, and YTD is 14.99%, and 2024 is 26.58%.

About Treasurer of the State of North Carolina and 13F Hedge Fund Stock Holdings

On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Treasurer of the State of North Carolina reported an equity portfolio of $31.2 Billions as of 31 Dec, 2025.

The top stock holdings of Treasurer of the State of North Carolina are NVDA, AAPL, MSFT. The fund has invested 6.4% of it's portfolio in NVIDIA CORPORATION and 5.8% of portfolio in APPLE INC.

The fund managers got completely rid off KELLANOVA (K), MR COOPER GROUP INC (COOP) and INTERPUBLIC GROUP COS INC (IPG) stocks. They significantly reduced their stock positions in HOWARD HUGHES HOLDINGS INC, PROSPERITY BANCSHARES INC (PB) and NEWS CORP NEW (NWS). Treasurer of the State of North Carolina opened new stock positions in QNITY ELECTRONICS INC and F&G ANNUITIES & LIFE INC (FG). The fund showed a lot of confidence in some stocks as they added substantially to PEGASYSTEMS INC (PEGA), MILLICOM INTL CELLULAR S A (TIGO) and MUELLER INDS INC (MLI).

Treasurer of the State of North Carolina Annual Return Estimates Vs S&P 500

Our best estimate is that Treasurer of the State of North Carolina made a return of 1.96% in the last quarter. In trailing 12 months, it's portfolio return was 14.99%.

Performance
S&P 500

New Buys

No new stocks were added by Treasurer of the State of North Carolina

Additions

Ticker	% Inc.
pegasystems inc	327
millicom intl cellular s a	311
mueller inds inc	268
rocket cos inc	249
littelfuse inc	234
simpson mfg inc	228
loews corp	227
ishares tr	188

Additions to existing portfolio by Treasurer of the State of North Carolina

Reductions

Ticker	% Reduced
brookfield asset managmt ltd	-69.26
fifth third bancorp	-66.00
verisign inc	-60.68
omega healthcare invs inc	-58.15
valmont inds inc	-53.68
on semiconductor corp	-50.11
keysight technologies inc	-48.44
darden restaurants inc	-42.00

Treasurer of the State of North Carolina reduced stake in above stock

Sold off

None of the stocks were completely sold off by Treasurer of the State of North Carolina

Sector Distribution

Treasurer of the State of North Carolina has about 33.3% of it's holdings in Technology sector.

Sector	%
Technology	33.3
Financial Services	11
Consumer Cyclical	10.1
Communication Services	9.7
Healthcare	9.3
Industrials	8
Others	5.7
Consumer Defensive	4.3
Energy	2.5
Utilities	2.4
Real Estate	2
Basic Materials	1.6

Market Cap. Distribution

Treasurer of the State of North Carolina has about 91.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	54
LARGE-CAP	37.6
UNALLOCATED	5.6
MID-CAP	2.6

Stocks belong to which Index?

About 84.8% of the stocks held by Treasurer of the State of North Carolina either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	84.8
Others	14.4

Top 5 Winners (%)		%
LITE	lumentum hldgs inc	123.7 %
	sandisk corp	98.8 %
EXAS	exact sciences corp	82.7 %
ALB	albemarle corp	71.9 %
COHR	coherent corp	69.3 %

Top 5 Winners ($)		$
GOOG	alphabet inc	198.6 M
GOOG	alphabet inc	161.3 M
LLY	eli lilly & co	124.2 M
AAPL	apple inc	119.3 M
MU	micron technology inc	79.3 M

Top 5 Losers (%)		%
TPL	texas pacific land corporati	-60.4 %
FMC	fmc corp	-56.8 %
CORT	corcept therapeutics inc	-56.2 %
LCID	lucid group inc	-53.7 %
MSTR	strategy inc	-52.2 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-121.1 M
META	meta platforms inc	-84.2 M
ORCL	oracle corp	-83.0 M
NFLX	netflix inc	-56.2 M
MSTR	strategy inc	-27.9 M

Treasurer of the State of North Carolina Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Treasurer of the State of North Carolina

Treasurer of the State of North Carolina has 1010 stocks in it's portfolio. About 34.4% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Treasurer of the State of North Carolina last quarter.

Last Reported on: 13 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.05	119,391	16,246,000	reduced	-6.81

AAPL	apple inc	5.80	6,662,230	1,811,190,000	reduced	-7.28

ABBV	abbvie inc	0.56	767,134	175,282,000	reduced	-3.69

ABC	cencora inc	0.08	76,720	25,912,000	reduced	-6.81

ABNB	airbnb inc	0.08	178,187	24,184,000	reduced	-6.81

ABT	abbott labs	0.36	886,063	111,015,000	reduced	-5.68

ACGL	arch cap group ltd	0.11	344,777	33,071,000	reduced	-4.16

ACN	accenture plc ireland	0.29	334,757	89,815,000	added	18.94

ADBE	adobe inc	0.27	239,625	83,866,000	added	25.22

ADI	analog devices inc	0.30	349,550	94,798,000	reduced	-4.24

ADM	archer daniels midland co	0.04	232,960	13,393,000	added	8.4

ADP	automatic data processing in	0.24	292,528	75,247,000	reduced	-4.16

ADSK	autodesk inc	0.09	95,493	28,267,000	reduced	-0.31

AEE	ameren corp	0.04	134,218	13,403,000	added	10.62

AEP	american elec pwr co inc	0.08	224,164	25,848,000	reduced	-6.81

AFL	aflac inc	0.07	201,221	22,189,000	reduced	-8.13

AFRM	affirm hldgs inc	0.03	115,160	8,571,000	reduced	-4.54

AIG	american intl group inc	0.06	232,066	19,853,000	reduced	-10.42

AJG	gallagher arthur j & co	0.09	106,254	27,497,000	reduced	-6.81

AKAM	akamai technologies inc	0.06	210,094	18,331,000	reduced	-8.37