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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 | |
|---|---|---|---|---|---|---|
|
AVB
376
DELISTED
AvalonBay Communities
AVB
| $884K | 0.03% |
+4,877
| New | +$885K |
|
377
General Mills
GIS
$21.5B
| $874K | 0.03% |
+18,791
| New | +$893K |
|
378
Masco
MAS
$14.4B
| $872K | 0.03% |
+13,742
| New | +$892K |
|
379
American Water Works
AWK
$27.4B
| $872K | 0.03% |
+6,679
| New | +$892K |
|
380
Citizens Financial Group
CFG
$29.7B
| $872K | 0.03% |
+14,921
| New | +$802K |
|
381
Cincinnati Financial
CINF
$26.5B
| $862K | 0.03% |
+5,280
| New | +$855K |
|
382
CenterPoint Energy
CNP
$26.1B
| $857K | 0.03% |
+22,345
| New | +$871K |
|
383
Steris
STE
$23.1B
| $853K | 0.03% |
+3,366
| New | +$845K |
|
384
Eversource Energy
ES
$27B
| $848K | 0.03% |
+12,597
| New | +$884K |
|
385
Global Payments
GPN
$24.7B
| $844K | 0.03% |
+10,906
| New | +$878K |
|
386
FirstEnergy
FE
$27B
| $844K | 0.03% |
+18,845
| New | +$865K |
|
387
Regions Financial
RF
$26.2B
| $835K | 0.03% |
+30,815
| New | +$787K |
|
388
Iron Mountain
IRM
$36.1B
| $834K | 0.03% |
+10,059
| New | +$941K |
|
389
Halliburton
HAL
$28.3B
| $831K | 0.03% |
+29,405
| New | +$776K |
|
|
EXE
390
Expand Energy Corp
EXE
$22.5B
| $830K | 0.03% |
+7,519
| New | +$834K |
|
|
VMRK
391
Vivmark Residential
VMRK
$26.7B
| $821K | 0.03% |
+13,018
| New | +$799K |
|
392
Steel Dynamics
STLD
$33.9B
| $817K | 0.03% |
+4,819
| New | +$765K |
|
393
Hubbell
HUBB
$24.7B
| $815K | 0.03% |
+1,835
| New | +$804K |
|
394
Veralto
VLTO
$24.1B
| $815K | 0.03% |
+8,167
| New | +$826K |
|
395
Teledyne Technologies
TDY
$29.4B
| $814K | 0.03% |
+1,594
| New | +$840K |
|
396
Flex
FLEX
$40.9B
| $794K | 0.03% |
+13,148
| New | +$812K |
|
397
Pultegroup
PHM
$24.9B
| $791K | 0.03% |
+6,742
| New | +$827K |
|
398
Leidos
LDOS
$17.2B
| $789K | 0.03% |
+4,373
| New | +$828K |
|
399
Lennar Class A
LEN
$21.1B
| $789K | 0.03% |
+7,674
| New | +$927K |
|
400
Edison International
EIX
$28.6B
| $784K | 0.03% |
+13,067
| New | +$750K |
|
Similar funds
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SQA
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.