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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 | |
|---|---|---|---|---|---|---|
426
CMS Energy
CMS
$21.6B
| $713K | 0.03% |
+10,200
| New | +$742K |
|
427
PTC
PTC
$16.3B
| $712K | 0.03% |
+4,089
| New | +$760K |
|
428
SBA Communications
SBAC
$19.6B
| $712K | 0.03% |
+3,682
| New | +$711K |
|
429
Kraft Heinz
KHC
$29.2B
| $710K | 0.03% |
+29,282
| New | +$728K |
|
430
Church & Dwight Co
CHD
$24.4B
| $708K | 0.03% |
+8,449
| New | +$722K |
|
431
International Paper
IP
$21.9B
| $708K | 0.03% |
+17,970
| New | +$739K |
|
432
Brookfield Asset Management
BAM
$83.6B
| $705K | 0.03% |
+13,463
| New | +$724K |
|
433
FTAI Aviation
FTAI
$20.7B
| $704K | 0.03% |
+3,577
| New | +$610K |
|
434
Affirm
AFRM
$25.8B
| $703K | 0.03% |
+9,447
| New | +$680K |
|
435
Corpay
CPAY
$26.8B
| $701K | 0.03% |
+2,328
| New | +$676K |
|
436
W.R. Berkley
WRB
$25.6B
| $697K | 0.03% |
+9,943
| New | +$733K |
|
437
NVR
NVR
$17B
| $693K | 0.03% |
+95
| New | +$710K |
|
438
Centene
CNC
$32.4B
| $693K | 0.03% |
+16,829
| New | +$630K |
|
|
SW
439
Smurfit Westrock
SW
$26.1B
| $691K | 0.03% |
+17,866
| New | +$681K |
|
440
Constellation Brands
STZ
$23.1B
| $684K | 0.03% |
+4,957
| New | +$680K |
|
441
Insulet
PODD
$9.99B
| $683K | 0.03% |
+2,404
| New | +$752K |
|
|
CTRA
442
DELISTED
Coterra Energy
CTRA
| $681K | 0.03% |
+25,863
| New | +$652K |
|
443
West Pharmaceutical
WST
$24.8B
| $675K | 0.03% |
+2,455
| New | +$672K |
|
444
NiSource
NI
$19.7B
| $674K | 0.03% |
+16,136
| New | +$689K |
|
445
Principal Financial Group
PFG
$23.9B
| $673K | 0.03% |
+7,634
| New | +$644K |
|
446
RB Global
RBA
$15.9B
| $672K | 0.03% |
+6,537
| New | +$664K |
|
447
Tyler Technologies
TYL
$14.5B
| $670K | 0.02% |
+1,476
| New | +$703K |
|
448
KeyCorp
KEY
$23.6B
| $670K | 0.02% |
+32,441
| New | +$604K |
|
449
HEICO Corp Class A
HEI.A
$35.5B
| $667K | 0.02% |
+2,641
| New | +$653K |
|
450
Quest Diagnostics
DGX
$27B
| $663K | 0.02% |
+3,823
| New | +$696K |
|
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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.