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NDSIB

North Dakota State Investment Board Portfolio holdings

AUM $2.46B
This Fund
S&P 500
This Quarter Est. Return
-1.6%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.31B
AUM Growth
-$375M
Cap. Flow
-$283M
Cap. Flow %
-12.23%
Top 10 Hldgs %
41.31%
Holding
833
New
7
Increased
6
Reduced
734
Closed
81

Top Buys

Rank Stock Value
1
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$70.6M
2
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$17.7M
3
WAT icon
Waters Corp
WAT
+$273K
4
DAR icon
Darling Ingredients
DAR
+$225K
5
ESI icon
Element Solutions
ESI
+$206K

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$22.7M
2
AAPL icon
Apple
AAPL
+$20.1M
3
MSFT icon
Microsoft
MSFT
+$16.5M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$16.3M
5
AMZN icon
Amazon
AMZN
+$11.2M

Sector Composition

Rank Sector Weight
1 Technology 24.23%
2 Financials 9.28%
3 Consumer Discretionary 7.93%
4 Communication Services 7.78%
5 Healthcare 7.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAST icon
226
Fastenal
FAST
$59.6B
$1.54M 0.07%
33,254
-6,115
-16% -$274K
TRGP icon
227
Targa Resources
TRGP
$57.7B
$1.54M 0.07%
6,153
-1,212
-16% -$263K
D icon
228
Dominion Energy
D
$60.2B
$1.53M 0.07%
24,723
-4,546
-16% -$281K
ZTS icon
229
Zoetis
ZTS
$30.6B
$1.53M 0.07%
12,927
-2,380
-16% -$294K
AFL icon
230
Aflac
AFL
$60.6B
$1.53M 0.07%
13,912
-2,800
-17% -$310K
DELL icon
231
Dell
DELL
$324B
$1.51M 0.07%
9,207
-1,148
-11% -$153K
FTNT icon
232
Fortinet
FTNT
$120B
$1.51M 0.07%
18,433
-3,375
-15% -$273K
HOOD icon
233
Robinhood
HOOD
$88.5B
$1.49M 0.06%
21,439
-3,912
-15% -$343K
ADSK icon
234
Autodesk
ADSK
$51.9B
$1.48M 0.06%
6,171
-1,135
-16% -$285K
IDXX icon
235
Idexx Laboratories
IDXX
$44.7B
$1.47M 0.06%
2,623
-477
-15% -$306K
VST icon
236
Vistra
VST
$49B
$1.47M 0.06%
9,801
-1,820
-16% -$295K
MPWR icon
237
Monolithic Power Systems
MPWR
$69.7B
$1.47M 0.06%
1,341
-245
-15% -$268K
RBLX icon
238
Roblox
RBLX
$25.8B
$1.47M 0.06%
25,918
-3,962
-13% -$266K
CAH icon
239
Cardinal Health
CAH
$53.9B
$1.46M 0.06%
6,912
-1,272
-16% -$274K
ETR icon
240
Entergy
ETR
$50B
$1.45M 0.06%
12,935
-2,378
-16% -$239K
EXC icon
241
Exelon
EXC
$47B
$1.44M 0.06%
29,281
-5,385
-16% -$250K
LITE icon
242
Lumentum
LITE
$83B
$1.43M 0.06%
2,040
-379
-16% -$208K
AME icon
243
Ametek
AME
$58.8B
$1.43M 0.06%
6,673
-1,227
-16% -$273K
AU icon
244
AngloGold Ashanti
AU
$48.1B
$1.42M 0.06%
14,592
-3,143
-18% -$322K
KEYS icon
245
Keysight
KEYS
$61B
$1.4M 0.06%
4,973
-928
-16% -$232K
NU icon
246
Nu Holdings
NU
$66.5B
$1.39M 0.06%
96,899
-20,878
-18% -$338K
FIX icon
247
Comfort Systems
FIX
$61B
$1.39M 0.06%
1,007
-217
-18% -$276K
CHWY icon
248
Chewy
CHWY
$9.06B
$1.38M 0.06%
51,183
-4,413
-8% -$123K
GWW icon
249
W.W. Grainger
GWW
$61.6B
$1.38M 0.06%
1,266
-254
-17% -$277K
ROK icon
250
Rockwell Automation
ROK
$49.6B
$1.38M 0.06%
3,844
-632
-14% -$249K
8 9
10
11 12

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TW
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SG
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FFA
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KFA
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Q
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PUI
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CM
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North Dakota State Investment Board's Q1 2026 Portfolio in Review

As of Q1 2026, North Dakota State Investment Board held 833 positions worth $2.31B, down 14% from $2.69B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

North Dakota State Investment Board withdrew a net $283M in Q1 2026, closing 81 positions and reducing 734 holdings. Its most notable exit was Exact Sciences, an estimated $1.62M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 27% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, North Dakota State Investment Board opened a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF worth $17.6M.

  • North Dakota State Investment Board's largest Q1 2026 buy was iShares 1-5 Year Investment Grade Corporate Bond ETF: 335,337 shares worth $17.6M.
  • North Dakota State Investment Board added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q1 2026, an estimated $70.6M increase.
  • North Dakota State Investment Board's biggest Q1 2026 reduction was NVIDIA, cutting an estimated $22.7M.
  • North Dakota State Investment Board fully exited Exact Sciences in Q1 2026, selling an estimated $1.62M.
  • North Dakota State Investment Board's ten largest holdings make up 41% of its $2.31B portfolio in Q1 2026.
  • North Dakota State Investment Board opened 7 new positions and closed 81 in Q1 2026.
  • North Dakota State Investment Board's portfolio value fell 14% quarter-over-quarter to $2.31B.

Based on North Dakota State Investment Board's 13F filing for Q1 2026, filed 8 May 2026.