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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
IR icon
326
Ingersoll Rand
IR
$32.9B
$921K 0.04%
11,491
-2,388
-17% -$211K
MTB icon
327
M&T Bank
MTB
$36.6B
$918K 0.04%
4,443
-926
-17% -$199K
AXON
328
Axon Enterprise
AXON
$48.7B
$916K 0.04%
2,156
-399
-16% -$207K
HBAN icon
329
Huntington Bancshares
HBAN
$36.1B
$904K 0.04%
57,794
+6,352
+12% +$109K
HPE icon
330
Hewlett Packard
HPE
$77.8B
$902K 0.04%
37,900
-7,068
-16% -$157K
HUM icon
331
Humana
HUM
$46.7B
$900K 0.04%
5,190
-732
-12% -$150K
DVN icon
332
Devon Energy
DVN
$49.3B
$892K 0.04%
17,734
-3,580
-17% -$154K
NTAP icon
333
NetApp
NTAP
$39.6B
$892K 0.04%
8,708
-1,218
-12% -$124K
DTE icon
334
DTE Energy
DTE
$28.9B
$876K 0.04%
5,989
-1,116
-16% -$157K
HSY icon
335
Hershey
HSY
$37B
$875K 0.04%
4,210
-784
-16% -$165K
IRM icon
336
Iron Mountain
IRM
$37B
$866K 0.04%
8,480
-1,579
-16% -$157K
UAL icon
337
United Airlines
UAL
$40.6B
$866K 0.04%
9,407
-1,757
-16% -$184K
FISV
338
Fiserv Inc
FISV
$27.4B
$863K 0.04%
15,470
-3,079
-17% -$191K
PAYX icon
339
Paychex
PAYX
$42.8B
$859K 0.04%
9,327
-1,738
-16% -$172K
AEE icon
340
Ameren
AEE
$30.1B
$857K 0.04%
7,800
-1,455
-16% -$156K
CTSH icon
341
Cognizant
CTSH
$26.2B
$857K 0.04%
13,972
-2,965
-18% -$212K
ATO icon
342
Atmos Energy
ATO
$28.7B
$855K 0.04%
4,626
-799
-15% -$141K
DOW icon
343
Dow Inc
DOW
$22.1B
$852K 0.04%
20,451
-3,814
-16% -$121K
CBOE icon
344
Cboe Global Markets
CBOE
$30.4B
$851K 0.04%
3,028
-565
-16% -$157K
CPRT icon
345
Copart
CPRT
$26.8B
$849K 0.04%
25,559
-4,763
-16% -$179K
WAT icon
346
Waters Corp
WAT
$40.9B
$845K 0.04%
2,839
+797
+39% +$273K
VICI icon
347
VICI Properties
VICI
$28.7B
$844K 0.04%
30,875
-5,335
-15% -$153K
XYL icon
348
Xylem
XYL
$28.5B
$840K 0.04%
7,033
-1,312
-16% -$172K
IQV icon
349
IQVIA
IQV
$39.8B
$833K 0.04%
4,883
-909
-16% -$177K
IBKR icon
350
Interactive Brokers
IBKR
$41.5B
$831K 0.04%
12,395
-2,297
-16% -$164K
12 13
14
15 16

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TW
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SG
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FFA
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KFA
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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.