Treasurer of the State of North Carolina Q3 2025 Filing

Filed November 13, 2025

Portfolio Value

$32.5B

Holdings

1,010

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (1,010 positions)

#StockSharesValue% PortfolioType
1
NVDANVIDIA CORPORATION
11,358,976$2.1B6.53%
2
MSFTMICROSOFT CORP
3,626,110$1.9B5.78%
3
AAPLAPPLE INC
7,185,481$1.8B5.63%
4
AMZNAMAZON COM INC
4,963,276$1.1B3.36%
5
METAMETA PLATFORMS INC
1,159,805$851.7M2.62%
6
AVGOBROADCOM INC
2,477,220$817.3M2.52%
7
GOOGLALPHABET INC
2,959,533$719.5M2.22%
8
TSLATESLA INC
1,451,506$645.5M1.99%
9
GOOGALPHABET INC
2,398,720$584.2M1.80%
10
IWMISHARES TR
2,021,520$489.1M1.51%
11
BRK/BBERKSHIRE HATHAWAY INC DEL
829,294$416.9M1.28%
12
JPMJPMORGAN CHASE & CO.
1,248,725$393.9M1.21%
13
VVISA INC
1,003,828$342.7M1.06%
14
LLYELI LILLY & CO
410,650$313.3M0.96%
15
ORCLORACLE CORP
982,866$276.4M0.85%
16
JNJJOHNSON & JOHNSON
1,454,948$269.8M0.83%
17
NFLXNETFLIX INC
219,601$263.3M0.81%
18
PGPROCTER AND GAMBLE CO
1,580,701$242.9M0.75%
19
MAMASTERCARD INCORPORATED
426,235$242.4M0.75%
20
XOMEXXON MOBIL CORP
1,948,356$219.7M0.68%
21
PLTRPALANTIR TECHNOLOGIES INC
1,175,868$214.5M0.66%
22
WMTWALMART INC
1,956,190$201.6M0.62%
23
CSCOCISCO SYS INC
2,893,288$198.0M0.61%
24
COSTCOSTCO WHSL CORP NEW
199,569$184.7M0.57%
25
ABBVABBVIE INC
796,545$184.4M0.57%
26
HDHOME DEPOT INC
447,676$181.4M0.56%
27
IBMINTERNATIONAL BUSINESS MACHS
619,058$174.7M0.54%
28
UNHUNITEDHEALTH GROUP INC
482,711$166.7M0.51%
29
BACBANK AMERICA CORP
3,032,592$156.5M0.48%
30
GEGE AEROSPACE
472,815$142.2M0.44%
31
4I1PHILIP MORRIS INTL INC
860,376$139.6M0.43%
32
MCDMCDONALDS CORP
457,495$139.0M0.43%
33
CVXCHEVRON CORP NEW
863,604$134.1M0.41%
34
QCOMQUALCOMM INC
757,739$126.1M0.39%
35
INTUINTUIT
184,493$126.0M0.39%
36
ABTABBOTT LABS
939,376$125.8M0.39%
37
DISDISNEY WALT CO
1,096,457$125.5M0.39%
38
LRCXLAM RESEARCH CORP
934,067$125.1M0.39%
39
WFCWELLS FARGO CO NEW
1,450,016$121.5M0.37%
40
KLACKLA CORP
110,049$118.7M0.37%
41
MUMICRON TECHNOLOGY INC
705,090$118.0M0.36%
42
AMDADVANCED MICRO DEVICES INC
724,091$117.2M0.36%
43
KOCOCA COLA CO
1,748,537$116.0M0.36%
44
BLKBLACKROCK INC
97,231$113.4M0.35%
45
AMATAPPLIED MATLS INC
526,154$107.7M0.33%
46
GSGOLDMAN SACHS GROUP INC
135,160$107.6M0.33%
47
AXPAMERICAN EXPRESS CO
317,264$105.4M0.32%
48
TXNTEXAS INSTRS INC
571,694$105.0M0.32%
49
SCHWSCHWAB CHARLES CORP
1,077,953$102.9M0.32%
50
RTXRTX CORPORATION
601,552$100.7M0.31%
51
LINLINDE PLC
211,144$100.3M0.31%
52
CRMSALESFORCE INC
419,788$99.5M0.31%
53
CATCATERPILLAR INC
208,186$99.3M0.31%
54
APPAPPLOVIN CORP
132,613$95.3M0.29%
55
MRKMERCK & CO INC
1,132,889$95.1M0.29%
56
MDTMEDTRONIC PLC
979,116$93.3M0.29%
57
ADIANALOG DEVICES INC
365,012$89.7M0.28%
58
ADPAUTOMATIC DATA PROCESSING IN
305,224$89.6M0.28%
59
TAT&T INC
3,154,010$89.1M0.27%
60
UBERUBER TECHNOLOGIES INC
905,232$88.7M0.27%
61
PEPPEPSICO INC
616,129$86.5M0.27%
62
NOWSERVICENOW INC
92,928$85.5M0.26%
63
BACVERIZON COMMUNICATIONS INC
1,898,975$83.5M0.26%
64
TRVCCITIGROUP INC
820,963$83.3M0.26%
65
GDGENERAL DYNAMICS CORP
244,293$83.3M0.26%
66
GILDGILEAD SCIENCES INC
749,346$83.2M0.26%
67
TMOTHERMO FISHER SCIENTIFIC INC
169,798$82.4M0.25%
68
DWDMORGAN STANLEY
517,830$82.3M0.25%
69
BKNGBOOKING HOLDINGS INC
14,625$79.0M0.24%
70
PFEPFIZER INC
3,057,542$77.9M0.24%
71
CMECME GROUP INC
284,975$77.0M0.24%
72
PANWPALO ALTO NETWORKS INC
377,619$76.9M0.24%
73
GEVGE VERNOVA INC
122,926$75.6M0.23%
74
COFCAPITAL ONE FINL CORP
348,114$74.0M0.23%
75
TJXTJX COS INC NEW
502,921$72.7M0.22%
76
ISRGINTUITIVE SURGICAL INC
160,468$71.8M0.22%
77
BABOEING CO
325,828$70.3M0.22%
78
NEENEXTERA ENERGY INC
927,209$70.0M0.22%
79
ACNACCENTURE PLC IRELAND
281,461$69.4M0.21%
80
AMGNAMGEN INC
241,843$68.2M0.21%
81
CMCSACOMCAST CORP NEW
2,154,777$67.7M0.21%
82
ANETARISTA NETWORKS INC
463,839$67.6M0.21%
83
ADBEADOBE INC
191,359$67.5M0.21%
84
SPGIS&P GLOBAL INC
138,062$67.2M0.21%
85
APHAMPHENOL CORP NEW
542,146$67.1M0.21%
86
ETNEATON CORP PLC
176,206$65.9M0.20%
87
INTCINTEL CORP
1,964,881$65.9M0.20%
88
COPCONOCOPHILLIPS
690,728$65.3M0.20%
89
PGRPROGRESSIVE CORP
263,478$65.1M0.20%
90
BSXBOSTON SCIENTIFIC CORP
663,682$64.8M0.20%
91
ORLYOREILLY AUTOMOTIVE INC
595,861$64.2M0.20%
92
HOODROBINHOOD MKTS INC
447,710$64.1M0.20%
93
UNPUNION PAC CORP
268,895$63.6M0.20%
94
SPGSIMON PPTY GROUP INC NEW
337,650$63.4M0.20%
95
LOWLOWES COS INC
251,996$63.3M0.19%
96
NEMNEWMONT CORP
735,967$62.0M0.19%
97
ETRENTERGY CORP NEW
665,110$62.0M0.19%
98
RCLROYAL CARIBBEAN GROUP
189,380$61.3M0.19%
99
HONHONEYWELL INTL INC
285,928$60.2M0.19%
100
ROPROPER TECHNOLOGIES INC
115,229$57.5M0.18%
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