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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 | |
|---|---|---|---|---|---|---|
501
Sun Communities
SUI
$15.3B
| $551K | 0.02% |
+4,448
| New | +$557K |
|
502
XPO
XPO
$22.8B
| $549K | 0.02% |
+4,036
| New | +$550K |
|
503
Carlyle Group
CG
$17.5B
| $544K | 0.02% |
+9,208
| New | +$523K |
|
504
East-West Bancorp
EWBC
$18B
| $541K | 0.02% |
+4,812
| New | +$511K |
|
505
Jacobs Solutions
J
$17.8B
| $541K | 0.02% |
+4,082
| New | +$599K |
|
506
Pinterest
PINS
$13.2B
| $539K | 0.02% |
+20,814
| New | +$599K |
|
507
Reliance Steel & Aluminium
RS
$20B
| $537K | 0.02% |
+1,858
| New | +$522K |
|
508
Fox Class A
FOXA
$29.4B
| $533K | 0.02% |
+7,298
| New | +$477K |
|
509
Textron
TXT
$14.3B
| $533K | 0.02% |
+6,112
| New | +$511K |
|
510
Carpenter Technology
CRS
$23.9B
| $531K | 0.02% |
+1,688
| New | +$508K |
|
511
Lennox International
LII
$13.6B
| $530K | 0.02% |
+1,092
| New | +$547K |
|
512
Deckers Outdoor
DECK
$12.2B
| $527K | 0.02% |
+5,082
| New | +$476K |
|
513
JB Hunt Transport Services
JBHT
$24.8B
| $521K | 0.02% |
+2,681
| New | +$460K |
|
514
Royalty Pharma
RPRX
$27.6B
| $516K | 0.02% |
+13,350
| New | +$509K |
|
515
Super Micro Computer
SMCI
$24.5B
| $516K | 0.02% |
+17,620
| New | +$725K |
|
516
Royal Gold
RGLD
$22.6B
| $515K | 0.02% |
+2,319
| New | +$460K |
|
517
Gen Digital
GEN
$17.6B
| $514K | 0.02% |
+18,895
| New | +$509K |
|
518
Ball Corp
BALL
$17B
| $506K | 0.02% |
+9,553
| New | +$470K |
|
519
F5
FFIV
$22.6B
| $506K | 0.02% |
+1,982
| New | +$533K |
|
520
Annaly Capital Management
NLY
$17.3B
| $506K | 0.02% |
+22,621
| New | +$492K |
|
521
Equitable Holdings
EQH
$13.6B
| $504K | 0.02% |
+10,587
| New | +$502K |
|
522
Viatris
VTRS
$19.3B
| $501K | 0.02% |
+40,263
| New | +$434K |
|
523
Fidelity National Financial
FNF
$12.8B
| $499K | 0.02% |
+9,144
| New | +$520K |
|
524
APi Group
APG
$17.7B
| $496K | 0.02% |
+12,972
| New | +$480K |
|
525
AST SpaceMobile
ASTS
$18B
| $495K | 0.02% |
+6,813
| New | +$486K |
|
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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.