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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
NBIX icon
551
Neurocrine Biosciences
NBIX
$15.9B
$373K 0.02%
2,831
-578
-17% -$76.7K
GWRE icon
552
Guidewire Software
GWRE
$14.4B
$371K 0.02%
2,481
-467
-16% -$71.1K
CG icon
553
Carlyle Group
CG
$17.2B
$370K 0.02%
7,646
-1,562
-17% -$86.1K
WSO icon
554
Watsco Inc
WSO
$12.8B
$370K 0.02%
1,017
-208
-17% -$80.6K
RPM icon
555
RPM International
RPM
$14.7B
$369K 0.02%
3,716
-759
-17% -$82K
CLX icon
556
Clorox
CLX
$12.8B
$369K 0.02%
3,561
-680
-16% -$77.1K
LSCC icon
557
Lattice Semiconductor
LSCC
$18.4B
$369K 0.02%
3,974
-812
-17% -$72.8K
AFRM icon
558
Affirm
AFRM
$24.6B
$368K 0.02%
8,035
-1,412
-15% -$81.6K
DKS icon
559
Dick's Sporting Goods
DKS
$18.1B
$367K 0.02%
1,850
-378
-17% -$76.7K
ALLE icon
560
Allegion
ALLE
$14.1B
$365K 0.02%
2,515
-446
-15% -$71.1K
HUBS icon
561
HubSpot
HUBS
$10.5B
$363K 0.02%
1,487
-303
-17% -$85K
HAS icon
562
Hasbro
HAS
$13.4B
$362K 0.02%
3,864
-668
-15% -$62.4K
RRX icon
563
Regal Rexnord
RRX
$11.5B
$362K 0.02%
1,931
-411
-18% -$76.4K
UNM icon
564
Unum
UNM
$14.5B
$361K 0.02%
4,942
-1,010
-17% -$75.4K
FIVE icon
565
Five Below
FIVE
$13.2B
$360K 0.02%
1,574
-328
-17% -$68.6K
AR icon
566
Antero Resources
AR
$11.5B
$359K 0.02%
8,470
-1,777
-17% -$64.9K
TOST icon
567
Toast
TOST
$19.7B
$359K 0.02%
13,541
-2,373
-15% -$70.8K
PEN icon
568
Penumbra
PEN
$12.9B
$359K 0.02%
1,093
-234
-18% -$79.2K
SOLS
569
Solstice Advanced Materials
SOLS
$9.88B
$354K 0.02%
4,648
-823
-15% -$56.4K
FOXA icon
570
Fox Class A
FOXA
$26.5B
$352K 0.02%
6,033
-1,265
-17% -$80.7K
GLPI icon
571
Gaming and Leisure Properties
GLPI
$12.5B
$352K 0.02%
7,937
-1,506
-16% -$69.8K
MLI icon
572
Mueller Industries
MLI
$15.1B
$351K 0.02%
6,340
-1,244
-16% -$74.6K
PNW icon
573
Pinnacle West Capital
PNW
$12.2B
$351K 0.02%
3,483
-602
-15% -$58.1K
ELS icon
574
Equity Lifestyle Properties
ELS
$12.4B
$351K 0.02%
5,616
-1,120
-17% -$72.6K
FNF icon
575
Fidelity National Financial
FNF
$12.8B
$349K 0.02%
7,519
-1,625
-18% -$84.4K
21 22
23
24 25

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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.