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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
PPL
351
PPL Corp
PPL
$26.7B
$817K 0.04%
21,392
-3,991
-16% -$147K
DOV icon
352
Dover
DOV
$28B
$817K 0.04%
3,919
-730
-16% -$156K
TDY icon
353
Teledyne Technologies
TDY
$31.8B
$813K 0.04%
1,344
-250
-16% -$156K
CNP icon
354
CenterPoint Energy
CNP
$26.7B
$813K 0.04%
18,833
-3,512
-16% -$145K
CCL icon
355
Carnival Corporation Ltd
CCL
$37.9B
$808K 0.04%
31,240
-5,823
-16% -$170K
WDAY icon
356
Workday
WDAY
$43.3B
$808K 0.03%
6,219
-1,159
-16% -$184K
EIX icon
357
Edison International
EIX
$26.7B
$806K 0.03%
11,016
-2,051
-16% -$138K
WTW icon
358
Willis Towers Watson
WTW
$31.6B
$804K 0.03%
2,767
-587
-18% -$180K
FE icon
359
FirstEnergy
FE
$27.2B
$803K 0.03%
15,860
-2,985
-16% -$145K
FTI icon
360
TechnipFMC
FTI
$29.5B
$801K 0.03%
11,584
-2,754
-19% -$166K
EXR icon
361
Extra Space Storage
EXR
$31B
$798K 0.03%
6,089
-1,134
-16% -$160K
NRG icon
362
NRG Energy
NRG
$25.4B
$795K 0.03%
5,440
-1,081
-17% -$170K
TPL icon
363
Texas Pacific Land
TPL
$23.6B
$792K 0.03%
1,668
-309
-16% -$133K
CASY icon
364
Casey's General Stores
CASY
$31B
$778K 0.03%
1,069
-234
-18% -$152K
RKLB icon
365
Rocket Lab Corp
RKLB
$51.9B
$768K 0.03%
11,957
-2,609
-18% -$197K
VRSK icon
366
Verisk Analytics
VRSK
$23.5B
$768K 0.03%
4,045
-755
-16% -$153K
DD icon
367
DuPont de Nemours
DD
$19.5B
$767K 0.03%
5,581
-824
-13% -$114K
CTRA
368
DELISTED
Coterra Energy
CTRA
$766K 0.03%
21,804
-4,059
-16% -$122K
AWK icon
369
American Water Works
AWK
$26.8B
$766K 0.03%
5,630
-1,049
-16% -$139K
HUBB icon
370
Hubbell
HUBB
$27.1B
$759K 0.03%
1,546
-289
-16% -$142K
NTRS icon
371
Northern Trust
NTRS
$35B
$758K 0.03%
5,433
-1,085
-17% -$156K
NTRA icon
372
Natera
NTRA
$45.5B
$750K 0.03%
3,752
-820
-18% -$176K
VEEV icon
373
Veeva Systems
VEEV
$39.2B
$749K 0.03%
4,266
-932
-18% -$183K
RJF icon
374
Raymond James Financial
RJF
$34.9B
$746K 0.03%
5,154
-1,120
-18% -$178K
CFG icon
375
Citizens Financial Group
CFG
$31.1B
$744K 0.03%
12,407
-2,514
-17% -$155K
13 14
15
16 17

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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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VF
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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.