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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
MTSI icon
526
MACOM Technology Solutions
MTSI
$23.7B
$411K 0.02%
1,849
-388
-17% -$86.6K
TKO icon
527
TKO Group
TKO
$14.3B
$405K 0.02%
2,010
-356
-15% -$72.8K
ZS icon
528
Zscaler
ZS
$28.7B
$405K 0.02%
2,887
-551
-16% -$97.7K
CSL icon
529
Carlisle Companies
CSL
$15.2B
$404K 0.02%
1,211
-299
-20% -$109K
TW icon
530
Tradeweb Markets
TW
$21.9B
$401K 0.02%
3,408
-697
-17% -$79.8K
REG icon
531
Regency Centers
REG
$13.9B
$399K 0.02%
5,280
-931
-15% -$69.4K
DTM icon
532
DT Midstream
DTM
$13.9B
$399K 0.02%
2,966
-619
-17% -$80.7K
ALAB icon
533
Astera Labs
ALAB
$55.3B
$399K 0.02%
3,641
-795
-18% -$113K
EG icon
534
Everest Group
EG
$13.9B
$396K 0.02%
1,213
-232
-16% -$76.4K
TRU icon
535
TransUnion
TRU
$15.2B
$394K 0.02%
5,698
-1,167
-17% -$89.3K
RGA icon
536
Reinsurance Group of America
RGA
$16.1B
$394K 0.02%
1,928
-394
-17% -$81.5K
RNR icon
537
RenaissanceRe
RNR
$13.2B
$394K 0.02%
1,324
-303
-19% -$87.9K
NYT icon
538
New York Times
NYT
$10.3B
$393K 0.02%
4,691
-958
-17% -$72.5K
LECO icon
539
Lincoln Electric
LECO
$15.6B
$390K 0.02%
1,567
-342
-18% -$91.5K
AVY icon
540
Avery Dennison
AVY
$13.7B
$388K 0.02%
2,248
-429
-16% -$78.8K
RKT icon
541
Rocket Companies
RKT
$39.8B
$388K 0.02%
27,212
-6,224
-19% -$113K
HST icon
542
Host Hotels & Resorts
HST
$15.6B
$384K 0.02%
20,047
-3,512
-15% -$67K
WCC
543
WESCO International
WCC
$17.8B
$383K 0.02%
1,401
-292
-17% -$82K
TOL icon
544
Toll Brothers
TOL
$13.9B
$383K 0.02%
2,803
-637
-19% -$93.5K
PFGC icon
545
Performance Food Group
PFGC
$16.9B
$382K 0.02%
4,461
-911
-17% -$83.3K
OHI icon
546
Omega Healthcare
OHI
$13.9B
$378K 0.02%
8,624
-1,516
-15% -$69.2K
SNX icon
547
TD Synnex
SNX
$20.4B
$377K 0.02%
2,232
-495
-18% -$78K
BJ icon
548
BJs Wholesale Club
BJ
$11.8B
$376K 0.02%
3,821
-781
-17% -$75.3K
VIK icon
549
Viking Holdings
VIK
$46.5B
$374K 0.02%
5,095
-1,042
-17% -$76.1K
MKC icon
550
McCormick & Company Non-Voting
MKC
$14.2B
$373K 0.02%
7,402
-1,281
-15% -$81.6K
20 21
22
23 24

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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.