Old North State Trust 13F annual report
Old North State Trust is an investment fund managing more than $115 million ran by Nicholas Matthews. There are currently 127 companies in Mr. Matthews’s portfolio. The largest investments include Apple Inc and Eli Lilly Co, together worth $15.8 million.
$115 million Assets Under Management (AUM)
As of 12th August 2024, Old North State Trust’s top holding is 43,991 shares of Apple Inc currently worth over $9.27 million and making up 8.1% of the portfolio value.
Relative to the number of outstanding shares of Apple Inc, Old North State Trust owns more than approximately 0.1% of the company.
In addition, the fund holds 7,247 shares of Eli Lilly Co worth $6.56 million.
The third-largest holding is Spdr Sp 500 Etf worth $6.5 million and the next is NVIDIA Corp worth $5.56 million, with 44,987 shares owned.
Currently, Old North State Trust's portfolio is worth at least $115 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Old North State Trust
The Old North State Trust office and employees reside in Greensboro, North Carolina. According to the last 13-F report filed with the SEC, Nicholas Matthews serves as the Controller at Old North State Trust.
Recent trades
In the most recent 13F filing, Old North State Trust revealed that it had opened a new position in
Applied Materials and bought 1,048 shares worth $247 thousand.
This means they effectively own approximately 0.1% of the company.
Applied Materials makes up
1.5%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Apple Inc by buying
1,231 additional shares.
This makes their stake in Apple Inc total 43,991 shares worth $9.27 million.
Apple Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Old North State Trust is getting rid of from its portfolio.
Old North State Trust closed its position in Pioneer Natural Resources Co. Ordinary Shares on 19th August 2024.
It sold the previously owned 1,488 shares for $391 thousand.
Nicholas Matthews also disclosed a decreased stake in Eli Lilly Co by approximately 0.1%.
This leaves the value of the investment at $6.56 million and 7,247 shares.
One of the smallest hedge funds
The two most similar investment funds to Old North State Trust are Rutabaga Capital Management ma and Venor Capital Management L.P.. They manage $115 million and $115 million respectively.
Nicholas Matthews investment strategy
Old North State Trust’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 14.3% of
the total portfolio value.
The fund focuses on investments in the United States as
48.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
54% of the total holdings value.
On the other hand, small-cap stocks make up only 4.7% of the portfolio.
The average market cap of the portfolio companies is close to $194 billion.
The complete list of Old North State Trust trades based on 13F SEC filings
These positions were updated on August 19th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Apple Inc |
2.88%
43,991
|
$9,265,000 | 8.06% |
| Eli Lilly Co |
0.82%
7,247
|
$6,561,000 | 5.71% |
| Spdr Sp 500 Etf |
0.94%
11,936
|
$6,496,000 | 5.65% |
| NVIDIA Corp |
894.63%
44,987
|
$5,558,000 | 4.84% |
| Microsoft Corporation |
0.62%
12,381
|
$5,534,000 | 4.81% |
| iShares Core 1-5 Year USD Bond ETF |
60.40%
62,046
|
$2,939,000 | 2.56% |
| Duke Energy Corp. |
0.99%
26,956
|
$2,702,000 | 2.35% |
| Arthur J Gallagher Co |
No change
10,239
|
$2,655,000 | 2.31% |
| Costco Wholesale Corp |
3.51%
2,273
|
$1,932,000 | 1.68% |
| Procter Gamble Co/the |
0.13%
11,317
|
$1,866,000 | 1.62% |
| Southern Co/the |
3.18%
22,156
|
$1,719,000 | 1.50% |
| Ishares Core Sp Mid-cap Etf |
0.09%
27,970
|
$1,637,000 | 1.42% |
| Ishares Russell 2000 Etf |
0.83%
7,801
|
$1,583,000 | 1.38% |
| Invesco Sp 500 Low Volatility Etf |
No change
24,374
|
$1,583,000 | 1.38% |
| Vanguard Total Stock Market Etf |
No change
5,354
|
$1,432,000 | 1.25% |
| Chipotle Mexican Grill |
5,148.82%
22,150
|
$1,388,000 | 1.21% |
| Amazon.com Inc. |
0.17%
6,927
|
$1,339,000 | 1.16% |
| Home Depot Inc/the |
No change
3,841
|
$1,322,000 | 1.15% |
| Abbvie Inc |
5.55%
7,337
|
$1,258,000 | 1.09% |
| Coca-cola Co/the |
2.10%
19,224
|
$1,224,000 | 1.06% |
| Ishares Core Sp Small-cap Etf |
3.21%
11,410
|
$1,217,000 | 1.06% |
| iShares Select Dividend ETF |
4.45%
9,497
|
$1,149,000 | 1.00% |
| Cisco Systems, Inc. |
No change
23,860
|
$1,134,000 | 0.99% |
| Johnson Johnson |
6.13%
7,433
|
$1,086,000 | 0.94% |
| Truist Financial Corporation |
No change
27,727
|
$1,077,000 | 0.94% |
| Ishares Edge Msci Min Vol Usa Etf |
12.43%
12,790
|
$1,074,000 | 0.93% |
| Merck Co Inc |
1.88%
8,654
|
$1,071,000 | 0.93% |
| Spdr Blmbg Barclays Convert Secs Etf |
64.17%
14,782
|
$1,065,000 | 0.93% |
| Verizon Communications Inc |
0.09%
25,627
|
$1,057,000 | 0.92% |
| Vanguard Ftse Developed Markets Etf |
11.24%
21,365
|
$1,056,000 | 0.92% |
| Exxon Mobil Corp. |
71.59%
8,799
|
$1,013,000 | 0.88% |
| Ameriprise Financial Inc |
3.49%
2,345
|
$1,002,000 | 0.87% |
| Blackstone Group |
4.83%
7,683
|
$951,000 | 0.83% |
| Walmart Inc |
No change
13,872
|
$939,000 | 0.82% |
| Spdr Sp Midcap 400 Etf |
No change
1,711
|
$916,000 | 0.80% |
| Genuine Parts Co. |
No change
6,122
|
$847,000 | 0.74% |
| Royal Bank Of Canada |
No change
7,636
|
$812,000 | 0.71% |
| Jpmorgan Chase Co |
No change
3,900
|
$789,000 | 0.69% |
| Taiwan Semiconductor |
10.81%
4,541
|
$789,000 | 0.69% |
| Mastercard Incorporated |
5.00%
1,701
|
$750,000 | 0.65% |
| Intel Corp. |
10.01%
24,185
|
$749,000 | 0.65% |
| Berkshire Hathaway Inc. |
No change
1,837
|
$747,000 | 0.65% |
| Bristol-Myers Squibb Co. |
0.76%
17,973
|
$746,000 | 0.65% |
| Pepsico Inc |
No change
4,465
|
$736,000 | 0.64% |
| Honeywell International Inc |
0.18%
3,374
|
$720,000 | 0.63% |
| Mcdonald's Corp |
3.22%
2,823
|
$719,000 | 0.63% |
| Union Pacific Corp. |
2.32%
3,170
|
$717,000 | 0.62% |
| Pfizer Inc. |
6.63%
24,450
|
$684,000 | 0.60% |
| Vanguard Ftse All-world Ex-us Etf |
No change
11,627
|
$682,000 | 0.59% |
| Alphabet Inc |
No change
3,690
|
$677,000 | 0.59% |
| International Business Machine |
2.65%
3,874
|
$670,000 | 0.58% |
| Mckesson Corporation |
5.96%
1,120
|
$654,000 | 0.57% |
| T-Mobile US Inc |
4.61%
3,587
|
$632,000 | 0.55% |
| Facebook Inc |
1.38%
1,248
|
$629,000 | 0.55% |
| Mondelez International Inc. |
No change
9,493
|
$621,000 | 0.54% |
| Vanguard Mid-cap Etf |
0.95%
2,560
|
$620,000 | 0.54% |
| Accenture plc |
3.02%
1,942
|
$589,000 | 0.51% |
| Unilever plc |
No change
10,654
|
$586,000 | 0.51% |
| Target Corp |
0.08%
3,767
|
$558,000 | 0.49% |
| Alphabet Inc |
No change
3,005
|
$547,000 | 0.48% |
| Enbridge Inc |
5.11%
13,985
|
$498,000 | 0.43% |
| Financial Select Sector Spdr Etf |
No change
12,000
|
$493,000 | 0.43% |
| AMGEN Inc. |
4.48%
1,562
|
$488,000 | 0.42% |
| Automatic Data Processing Inc. |
0.55%
2,005
|
$479,000 | 0.42% |
| Advanced Micro Devices Inc. |
No change
2,950
|
$479,000 | 0.42% |
| Wells Fargo Co |
No change
7,934
|
$471,000 | 0.41% |
| First Citizens Bancshares Inc/nc |
No change
278
|
$468,000 | 0.41% |
| Netflix Inc. |
10.80%
677
|
$457,000 | 0.40% |
| Prudential Financial, Inc. |
0.13%
3,898
|
$457,000 | 0.40% |
| Arista Networks Inc Ordinary Shares |
19.59%
1,282
|
$449,000 | 0.39% |
| Att Inc |
10.64%
23,062
|
$441,000 | 0.38% |
| Valero Energy Corp. |
No change
2,765
|
$433,000 | 0.38% |
| iShares Core Total USD Bond Market ETF |
48.41%
9,317
|
$421,000 | 0.37% |
| Kinder Morgan Inc/de |
No change
20,843
|
$414,000 | 0.36% |
| MetLife, Inc. |
No change
5,859
|
$411,000 | 0.36% |
| Ishares Sp 500 Growth Etf |
16.02%
4,434
|
$410,000 | 0.36% |
| Lululemon Athletica Inc. Ordinary Shares |
2.34%
1,355
|
$405,000 | 0.35% |
| Waste Management, Inc. |
0.37%
1,870
|
$399,000 | 0.35% |
| Pioneer Natural Resources Co. Ordinary Shares |
Closed
1,488
|
$391,000 | |
| Kimberly-Clark Corp. |
No change
2,827
|
$391,000 | 0.34% |
| Jacobs Solutions Inc Ordinary Shares |
8.44%
2,711
|
$379,000 | 0.33% |
| NextEra Energy Inc |
No change
5,343
|
$378,000 | 0.33% |
| Zoetis Inc |
2.19%
2,143
|
$372,000 | 0.32% |
| Tractor Supply Co. |
No change
1,340
|
$362,000 | 0.31% |
| Technology Select Sector Spdr Etf |
No change
1,597
|
$361,000 | 0.31% |
| Ishares Russell Mid-cap Growth Etf |
4.60%
3,238
|
$357,000 | 0.31% |
| Nike, Inc. |
3.87%
4,715
|
$355,000 | 0.31% |
| Archer Daniels Midland Co. |
No change
5,774
|
$349,000 | 0.30% |
| Quanta Services, Inc. |
16.44%
1,360
|
$346,000 | 0.30% |
| DuPont de Nemours Inc |
7.94%
4,282
|
$345,000 | 0.30% |
| Chevron Corp. |
No change
2,168
|
$339,000 | 0.29% |
| Ishares Sp 500 Value Etf |
No change
1,837
|
$334,000 | 0.29% |
| Lockheed Martin Corp. |
No change
714
|
$334,000 | 0.29% |
| NXP Semiconductors NV |
10.12%
1,230
|
$331,000 | 0.29% |
| Microchip Technology, Inc. |
No change
3,612
|
$330,000 | 0.29% |
| Abbott Laboratories |
No change
2,992
|
$311,000 | 0.27% |
| Energy Transfer LP |
7.97%
18,946
|
$307,000 | 0.27% |
| Nucor Corp. |
No change
1,905
|
$301,000 | 0.26% |
| Weyerhaeuser Co. |
No change
9,989
|
$284,000 | 0.25% |
| Aflac Inc. |
No change
3,161
|
$282,000 | 0.25% |
| Kraft Heinz Co/the |
No change
8,694
|
$280,000 | 0.24% |
| Broadcom Inc |
No change
174
|
$279,000 | 0.24% |
| Citigroup Inc |
7.31%
4,361
|
$277,000 | 0.24% |
| Sysco Corp. |
No change
3,844
|
$274,000 | 0.24% |
| Enterprise Products Partners Lp |
No change
8,955
|
$260,000 | 0.23% |
| Marriott International Inc/md |
10.23%
1,045
|
$253,000 | 0.22% |
| Marvell Technology Inc Ordinary Shares |
0.56%
3,583
|
$250,000 | 0.22% |
| Applied Materials Inc. |
Opened
1,048
|
$247,000 | 0.21% |
| Ishares Edge Msci Min Vol Emerg Mkts Etf |
No change
4,308
|
$246,000 | 0.21% |
| Ishares Core Sp 500 Etf |
5.06%
450
|
$246,000 | 0.21% |
| Walt Disney Co/the |
12.61%
2,426
|
$241,000 | 0.21% |
| Northrop Grumman Corp. |
0.54%
549
|
$239,000 | 0.21% |
| Lowe's Cos Inc |
No change
1,072
|
$236,000 | 0.21% |
| Electronic Arts, Inc. |
11.19%
1,679
|
$234,000 | 0.20% |
| Invesco Variable Rate Preferred Etf |
1.57%
9,735
|
$233,000 | 0.20% |
| Norfolk Southern Corp. |
No change
1,081
|
$232,000 | 0.20% |
| Sanofi |
No change
4,707
|
$228,000 | 0.20% |
| LyondellBasell Industries NV |
No change
2,377
|
$227,000 | 0.20% |
| Bank Of Nova Scotia/the |
No change
4,872
|
$223,000 | 0.19% |
| Vanguard Real Estate Etf |
No change
2,645
|
$222,000 | 0.19% |
| Toll Brothers Inc. |
16.16%
1,926
|
$222,000 | 0.19% |
| Morgan Stanley |
7.06%
2,274
|
$221,000 | 0.19% |
| Medtronic Plc |
0.14%
2,803
|
$221,000 | 0.19% |
| Deere Co |
No change
583
|
$218,000 | 0.19% |
| Emerson Electric Co. |
Closed
1,901
|
$216,000 | |
| Mt Bank Corp |
No change
1,418
|
$215,000 | 0.19% |
| Pembina Pipeline Corporation |
No change
5,790
|
$215,000 | 0.19% |
| CVS Health Corp |
Closed
2,681
|
$214,000 | |
| 3M Co. |
No change
2,061
|
$211,000 | 0.18% |
| Phillips 66 |
Closed
1,244
|
$203,000 | |
| BCE Inc |
No change
6,220
|
$201,000 | 0.17% |
| No transactions found | |||
| Showing first 500 out of 131 holdings | |||
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