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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 | |
|---|---|---|---|---|---|---|
26
Costco
COST
$426B
| $13.1M | 0.49% |
+15,223
| New | +$13.8M |
|
27
Bank of America
BAC
$437B
| $12.7M | 0.47% |
+231,252
| New | +$12.2M |
|
28
Advanced Micro Devices
AMD
$782B
| $11.8M | 0.44% |
+55,219
| New | +$12.4M |
|
29
Home Depot
HD
$337B
| $11.7M | 0.44% |
+34,147
| New | +$12.5M |
|
30
Procter & Gamble
PG
$338B
| $11.5M | 0.43% |
+80,561
| New | +$11.9M |
|
31
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.8B
| $11.4M | 0.43% |
+212,002
| New | +$11.5M |
|
32
GE Aerospace
GE
$363B
| $11.1M | 0.41% |
+36,057
| New | +$10.9M |
|
33
Oracle
ORCL
$417B
| $11.1M | 0.41% |
+56,787
| New | +$13.5M |
|
34
Micron Technology
MU
$1.05T
| $10.9M | 0.41% |
+38,318
| New | +$8.79M |
|
35
Cisco
CSCO
$438B
| $10.7M | 0.4% |
+139,004
| New | +$10.3M |
|
36
Wells Fargo
WFC
$256B
| $10.3M | 0.38% |
+110,621
| New | +$9.6M |
|
37
UnitedHealth
UNH
$356B
| $10.3M | 0.38% |
+31,213
| New | +$10.6M |
|
38
Chevron
CVX
$392B
| $10M | 0.37% |
+65,869
| New | +$10M |
|
39
IBM
IBM
$221B
| $9.45M | 0.35% |
+31,909
| New | +$9.56M |
|
40
Coca-Cola
KO
$394B
| $9.33M | 0.35% |
+133,386
| New | +$9.3M |
|
41
Merck
MRK
$386B
| $9.1M | 0.34% |
+86,432
| New | +$8.11M |
|
42
Caterpillar
CAT
$373B
| $9.09M | 0.34% |
+15,875
| New | +$8.82M |
|
43
Goldman Sachs
GS
$308B
| $9.06M | 0.34% |
+10,308
| New | +$8.41M |
|
44
Philip Morris
PM
$302B
| $8.57M | 0.32% |
+53,434
| New | +$8.28M |
|
45
Salesforce
CRM
$168B
| $8.48M | 0.32% |
+32,000
| New | +$7.95M |
|
46
RTX Corp
RTX
$283B
| $8.42M | 0.31% |
+45,884
| New | +$7.97M |
|
47
Lam Research
LRCX
$394B
| $7.51M | 0.28% |
+43,864
| New | +$6.82M |
|
48
Thermo Fisher Scientific
TMO
$232B
| $7.51M | 0.28% |
+12,952
| New | +$7.32M |
|
49
McDonald's
MCD
$190B
| $7.49M | 0.28% |
+24,517
| New | +$7.51M |
|
50
Abbott
ABT
$201B
| $7.44M | 0.28% |
+59,377
| New | +$7.56M |
|
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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.