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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
ZM icon
251
Zoom
ZM
$30.8B
$1.38M 0.06%
17,132
-2,028
-11% -$170K
OTIS icon
252
Otis Worldwide
OTIS
$28.2B
$1.36M 0.06%
17,697
-2,588
-13% -$226K
XEL icon
253
Xcel Energy
XEL
$49.1B
$1.36M 0.06%
17,144
-3,153
-16% -$247K
TER icon
254
Teradyne
TER
$63B
$1.34M 0.06%
4,536
-981
-18% -$274K
URI icon
255
United Rentals
URI
$70.3B
$1.34M 0.06%
1,839
-362
-16% -$304K
ALNY icon
256
Alnylam Pharmaceuticals
ALNY
$30B
$1.34M 0.06%
4,044
-745
-16% -$254K
DDOG icon
257
Datadog
DDOG
$86.5B
$1.34M 0.06%
11,311
-1,642
-13% -$203K
EW icon
258
Edwards Lifesciences
EW
$53.6B
$1.34M 0.06%
16,673
-3,055
-15% -$252K
APO icon
259
Apollo Global Management
APO
$81.9B
$1.33M 0.06%
11,943
-2,152
-15% -$267K
KMB icon
260
Kimberly-Clark
KMB
$36.2B
$1.33M 0.06%
13,789
-1,989
-13% -$204K
OXY icon
261
Occidental Petroleum
OXY
$58.5B
$1.32M 0.06%
20,384
-3,791
-16% -$191K
MTD icon
262
Mettler-Toledo International
MTD
$28.8B
$1.31M 0.06%
1,037
-141
-12% -$190K
F icon
263
Ford
F
$55.1B
$1.31M 0.06%
113,089
-20,788
-16% -$274K
BDX icon
264
Becton Dickinson
BDX
$50B
$1.3M 0.06%
8,287
-1,522
-16% -$279K
FERG icon
265
Ferguson
FERG
$47.4B
$1.29M 0.06%
5,534
-1,285
-19% -$313K
RSG icon
266
Republic Services
RSG
$65.6B
$1.29M 0.06%
5,868
-1,079
-16% -$237K
PPG icon
267
PPG Industries
PPG
$25.5B
$1.28M 0.06%
12,022
-1,578
-12% -$179K
CARR icon
268
Carrier Global
CARR
$52B
$1.28M 0.06%
22,744
-4,458
-16% -$264K
CPNG icon
269
Coupang
CPNG
$29.3B
$1.28M 0.06%
67,603
-7,378
-10% -$144K
KR icon
270
Kroger
KR
$34.3B
$1.27M 0.05%
17,528
-3,267
-16% -$221K
DAL icon
271
Delta Air Lines
DAL
$59.1B
$1.26M 0.05%
18,892
-3,477
-16% -$234K
YUM icon
272
Yum! Brands
YUM
$41B
$1.26M 0.05%
8,074
-1,487
-16% -$236K
PSA icon
273
Public Storage
PSA
$60.4B
$1.24M 0.05%
4,575
-841
-16% -$241K
CVNA icon
274
Carvana
CVNA
$79.7B
$1.23M 0.05%
19,580
-3,655
-16% -$271K
WAB icon
275
Wabtec
WAB
$49.9B
$1.23M 0.05%
4,912
-901
-15% -$218K
9 10
11
12 13

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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.