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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
XPO icon
401
XPO
XPO
$24.5B
$652K 0.03%
3,351
-685
-17% -$123K
CHD icon
402
Church & Dwight Co
CHD
$24B
$648K 0.03%
6,946
-1,503
-18% -$144K
EQR icon
403
Equity Residential
EQR
$24.2B
$648K 0.03%
10,947
-2,071
-16% -$128K
LH icon
404
Labcorp
LH
$26.2B
$644K 0.03%
2,415
-452
-16% -$122K
NI icon
405
NiSource
NI
$20.1B
$643K 0.03%
13,790
-2,346
-15% -$106K
EFX icon
406
Equifax
EFX
$21.2B
$635K 0.03%
3,526
-720
-17% -$143K
DGX icon
407
Quest Diagnostics
DGX
$26.2B
$631K 0.03%
3,222
-601
-16% -$117K
GPN icon
408
Global Payments
GPN
$23.4B
$631K 0.03%
9,382
-1,524
-14% -$112K
STE icon
409
Steris
STE
$23.1B
$628K 0.03%
2,838
-528
-16% -$129K
WSM icon
410
Williams-Sonoma
WSM
$28.9B
$624K 0.03%
3,423
-634
-16% -$127K
WWD icon
411
Woodward
WWD
$21.4B
$620K 0.03%
1,731
-358
-17% -$129K
OKTA icon
412
Okta
OKTA
$25.6B
$619K 0.03%
7,859
-1,110
-12% -$92.1K
STZ icon
413
Constellation Brands
STZ
$22.9B
$616K 0.03%
4,106
-851
-17% -$131K
CF icon
414
CF Industries
CF
$18.2B
$612K 0.03%
4,712
-835
-15% -$85.2K
ALB icon
415
Albemarle
ALB
$15.1B
$610K 0.03%
3,397
-633
-16% -$108K
VLTO icon
416
Veralto
VLTO
$23.6B
$609K 0.03%
6,891
-1,276
-16% -$121K
LYB icon
417
LyondellBasell Industries
LYB
$20.3B
$603K 0.03%
7,489
-1,325
-15% -$78.6K
RGLD icon
418
Royal Gold
RGLD
$19.7B
$603K 0.03%
2,369
+50
+2% +$13.3K
SW
419
Smurfit Westrock
SW
$25.8B
$600K 0.03%
15,058
-2,808
-16% -$121K
USFD icon
420
US Foods
USFD
$24B
$598K 0.03%
6,483
-1,602
-20% -$142K
ARES icon
421
Ares Management
ARES
$32.1B
$593K 0.03%
5,438
-1,187
-18% -$157K
EXPD icon
422
Expeditors International
EXPD
$24B
$592K 0.03%
4,136
-777
-16% -$118K
BURL icon
423
Burlington
BURL
$22.3B
$591K 0.03%
1,817
-396
-18% -$121K
MTZ icon
424
MasTec
MTZ
$22.6B
$585K 0.03%
1,818
-372
-17% -$101K
FSLR icon
425
First Solar
FSLR
$24.4B
$579K 0.03%
2,934
-542
-16% -$120K
15 16
17
18 19

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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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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.