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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
FFIV icon
476
F5
FFIV
$24B
$487K 0.02%
1,683
-299
-15% -$82.9K
CSGP icon
477
CoStar Group
CSGP
$12.4B
$487K 0.02%
12,070
-2,246
-16% -$117K
RDDT icon
478
Reddit
RDDT
$29.5B
$483K 0.02%
3,590
-519
-13% -$88.3K
THC icon
479
Tenet Healthcare
THC
$21.5B
$480K 0.02%
2,546
-520
-17% -$110K
JBHT icon
480
JB Hunt Transport Services
JBHT
$25.9B
$475K 0.02%
2,240
-441
-16% -$94K
AKAM icon
481
Akamai
AKAM
$17.6B
$473K 0.02%
4,117
-804
-16% -$80.6K
ITT icon
482
ITT
ITT
$19.4B
$471K 0.02%
2,474
-260
-10% -$49.5K
BALL icon
483
Ball Corp
BALL
$16.4B
$470K 0.02%
7,957
-1,596
-17% -$97.1K
CDW icon
484
CDW
CDW
$17.1B
$465K 0.02%
3,846
-666
-15% -$84.2K
FLUT icon
485
Flutter Entertainment
FLUT
$17B
$465K 0.02%
4,564
-1,605
-26% -$231K
RS icon
486
Reliance Steel & Aluminium
RS
$21.8B
$464K 0.02%
1,526
-332
-18% -$105K
CNC icon
487
Centene
CNC
$33.1B
$464K 0.02%
14,164
-2,665
-16% -$109K
LULU icon
488
lululemon athletica
LULU
$13.7B
$459K 0.02%
3,000
-606
-17% -$109K
HEI.A icon
489
HEICO Corp Class A
HEI.A
$38B
$457K 0.02%
2,167
-474
-18% -$117K
VTRS icon
490
Viatris
VTRS
$18.5B
$456K 0.02%
33,754
-6,509
-16% -$91.1K
TRMB icon
491
Trimble
TRMB
$13.1B
$454K 0.02%
6,965
-1,205
-15% -$83.7K
MKSI icon
492
MKS Inc
MKSI
$20.7B
$451K 0.02%
1,964
-394
-17% -$89.1K
SUI icon
493
Sun Communities
SUI
$14.4B
$451K 0.02%
3,580
-868
-20% -$112K
ESS icon
494
Essex Property Trust
ESS
$18.1B
$451K 0.02%
1,863
-322
-15% -$81.2K
TXT icon
495
Textron
TXT
$15.3B
$450K 0.02%
5,135
-977
-16% -$91.2K
INVH icon
496
Invitation Homes
INVH
$17.7B
$444K 0.02%
17,886
-3,140
-15% -$82.2K
PR
497
Permian Resources
PR
$18B
$443K 0.02%
20,790
-2,881
-12% -$49.7K
J icon
498
Jacobs Solutions
J
$17B
$443K 0.02%
3,480
-602
-15% -$81.8K
APTV icon
499
Aptiv
APTV
$10.1B
$441K 0.02%
6,350
-1,098
-15% -$84.6K
KIM icon
500
Kimco Realty
KIM
$16.2B
$439K 0.02%
19,535
-3,451
-15% -$76K
18 19
20
21 22

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M
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TW
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SG
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FFA
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KFA
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Q
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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.