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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
ES icon
376
Eversource Energy
ES
$26.9B
$744K 0.03%
10,736
-1,861
-15% -$132K
CW icon
377
Curtiss-Wright
CW
$26.7B
$740K 0.03%
1,086
-237
-18% -$158K
MAS icon
378
Masco
MAS
$14.7B
$735K 0.03%
12,174
-1,568
-11% -$106K
ON icon
379
ON Semiconductor
ON
$32.4B
$731K 0.03%
11,807
-2,663
-18% -$167K
UTHR icon
380
United Therapeutics
UTHR
$21.9B
$726K 0.03%
1,225
-339
-22% -$169K
FICO icon
381
Fair Isaac
FICO
$22.6B
$724K 0.03%
678
-125
-16% -$171K
EXE
382
Expand Energy Corp
EXE
$22.3B
$721K 0.03%
6,572
-947
-13% -$101K
FTAI icon
383
FTAI Aviation
FTAI
$23.3B
$721K 0.03%
2,944
-633
-18% -$168K
FIS icon
384
Fidelity National Information Services
FIS
$21.6B
$714K 0.03%
15,220
-2,842
-16% -$153K
STLD icon
385
Steel Dynamics
STLD
$37.7B
$712K 0.03%
3,955
-864
-18% -$157K
SYF icon
386
Synchrony
SYF
$25.8B
$708K 0.03%
10,404
-2,347
-18% -$171K
CINF icon
387
Cincinnati Financial
CINF
$26.5B
$701K 0.03%
4,453
-827
-16% -$134K
Q
388
Qnity Electronics Inc
Q
$29.7B
$698K 0.03%
6,049
-1,128
-16% -$120K
LYV icon
389
Live Nation Entertainment
LYV
$43.2B
$698K 0.03%
4,574
-853
-16% -$129K
OMC icon
390
Omnicom Group
OMC
$23.5B
$697K 0.03%
9,253
-1,749
-16% -$136K
FLEX icon
391
Flex
FLEX
$46B
$696K 0.03%
10,635
-2,513
-19% -$161K
TSCO icon
392
Tractor Supply
TSCO
$19B
$696K 0.03%
15,365
-2,868
-16% -$146K
LPLA icon
393
LPL Financial
LPLA
$29.7B
$693K 0.03%
2,303
-503
-18% -$169K
QSR icon
394
Restaurant Brands International
QSR
$26.1B
$691K 0.03%
9,352
-2,048
-18% -$144K
MKL icon
395
Markel Group
MKL
$22.8B
$689K 0.03%
360
-79
-18% -$160K
CMS icon
396
CMS Energy
CMS
$22B
$679K 0.03%
8,747
-1,453
-14% -$108K
AVB icon
397
AvalonBay Communities
AVB
$25.7B
$672K 0.03%
4,111
-766
-16% -$134K
RF icon
398
Regions Financial
RF
$26.9B
$668K 0.03%
25,561
-5,254
-17% -$147K
DRI icon
399
Darden Restaurants
DRI
$25.9B
$662K 0.03%
3,377
-630
-16% -$130K
PHM icon
400
Pultegroup
PHM
$24.6B
$660K 0.03%
5,614
-1,128
-17% -$144K
14 15
16
17 18

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SG
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FFA
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KFA
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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.