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NDSIB
North Dakota State Investment Board Portfolio holdings
AUM
$2.46B
This Fund
S&P 500
This Quarter
Est. Return
+3.42%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.69B
AUM Growth
–
Cap. Flow
+$2.67B
Cap. Flow
% of AUM
99.25%
Top 10 Holdings %
Top 10 Hldgs %
39.78%
Holding
826
New
826
Increased
–
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
|
+$273M |
| 2 |
NVIDIA
NVDA
|
+$149M |
| 3 |
Apple
AAPL
|
+$134M |
| 4 |
Microsoft
MSFT
|
+$127M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$92.5M |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.16% |
| 2 | Financials | 10.73% |
| 3 | Consumer Discretionary | 9.06% |
| 4 | Communication Services | 8.67% |
| 5 | Healthcare | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Ulta Beauty
ULTA
$22.9B
| $1.26M | 0.05% |
+2,077
| New | +$1.14M |
|
302
Unity
U
$19.5B
| $1.26M | 0.05% |
+28,426
| New | +$1.16M |
|
303
State Street
STT
$53.2B
| $1.25M | 0.05% |
+9,707
| New | +$1.16M |
|
304
United Airlines
UAL
$38B
| $1.25M | 0.05% |
+11,164
| New | +$1.13M |
|
|
FISV
305
Fiserv Inc
FISV
$27.6B
| $1.25M | 0.05% |
+18,549
| New | +$1.55M |
|
306
Keurig Dr Pepper
KDP
$43.5B
| $1.24M | 0.05% |
+44,355
| New | +$1.22M |
|
307
Paychex
PAYX
$44.3B
| $1.24M | 0.05% |
+11,065
| New | +$1.3M |
|
308
Wabtec
WAB
$50.7B
| $1.24M | 0.05% |
+5,813
| New | +$1.19M |
|
309
Consolidated Edison
ED
$40B
| $1.23M | 0.05% |
+12,362
| New | +$1.23M |
|
310
Sysco
SYY
$40.1B
| $1.23M | 0.05% |
+16,647
| New | +$1.27M |
|
|
XYZ
311
Block Inc
XYZ
$49.8B
| $1.22M | 0.05% |
+18,672
| New | +$1.29M |
|
312
PG&E
PCG
$40.3B
| $1.21M | 0.05% |
+75,184
| New | +$1.2M |
|
313
ResMed
RMD
$34B
| $1.21M | 0.04% |
+5,006
| New | +$1.28M |
|
314
Ventas
VTR
$48.2B
| $1.2M | 0.04% |
+15,534
| New | +$1.17M |
|
315
Fidelity National Information Services
FIS
$20.8B
| $1.2M | 0.04% |
+18,062
| New | +$1.19M |
|
316
Arch Capital
ACGL
$34.4B
| $1.2M | 0.04% |
+12,506
| New | +$1.14M |
|
317
Keysight
KEYS
$55.5B
| $1.2M | 0.04% |
+5,901
| New | +$1.09M |
|
318
Copart
CPRT
$30.5B
| $1.19M | 0.04% |
+30,322
| New | +$1.26M |
|
319
MongoDB
MDB
$32.4B
| $1.17M | 0.04% |
+2,779
| New | +$1.01M |
|
320
Veeva Systems
VEEV
$40.1B
| $1.16M | 0.04% |
+5,198
| New | +$1.38M |
|
321
WEC Energy
WEC
$35.1B
| $1.15M | 0.04% |
+10,951
| New | +$1.21M |
|
322
Microchip Technology
MCHP
$40.2B
| $1.15M | 0.04% |
+18,089
| New | +$1.12M |
|
323
Comfort Systems
FIX
$56.2B
| $1.14M | 0.04% |
+1,224
| New | +$1.13M |
|
324
EQT Corp
EQT
$34.6B
| $1.14M | 0.04% |
+21,312
| New | +$1.2M |
|
325
Insmed
INSM
$26.6B
| $1.14M | 0.04% |
+6,558
| New | +$1.2M |
|
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North Dakota State Investment Board's Q4 2025 Portfolio in Review
Q4 2025 is the first quarter with a 13F filing on record for North Dakota State Investment Board, which disclosed 826 positions worth $2.69B. Its ten largest holdings account for 40% of the portfolio.
Its largest position is iShares Broad USD Investment Grade Corporate Bond ETF: 5,241,476 shares worth $271M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, followed by Financials and Consumer Discretionary.
- North Dakota State Investment Board's largest Q4 2025 buy was iShares Broad USD Investment Grade Corporate Bond ETF: 5,241,476 shares worth $271M.
- North Dakota State Investment Board's ten largest holdings make up 40% of its $2.69B portfolio in Q4 2025.
- North Dakota State Investment Board disclosed 826 positions in Q4 2025, its first 13F filing on record.
Based on North Dakota State Investment Board's 13F filing for Q4 2025, filed 5 Feb 2026.