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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
IONS icon
576
Ionis Pharmaceuticals
IONS
$9.39B
$347K 0.02%
4,623
-857
-16% -$67.6K
QXO
577
QXO Inc
QXO
$16.2B
$347K 0.02%
17,858
-3,411
-16% -$78K
CACI icon
578
CACI
CACI
$15B
$345K 0.01%
635
-129
-17% -$77.7K
ELAN icon
579
Elanco Animal Health
ELAN
$11.1B
$344K 0.01%
14,386
-2,982
-17% -$72.9K
ALGN icon
580
Align Technology
ALGN
$12.4B
$344K 0.01%
2,004
-348
-15% -$61K
SMCI icon
581
Super Micro Computer
SMCI
$24.3B
$342K 0.01%
15,010
-2,610
-15% -$78.3K
IT icon
582
Gartner
IT
$11.3B
$341K 0.01%
2,153
-415
-16% -$76.4K
HEI icon
583
HEICO Corp
HEI
$52.1B
$340K 0.01%
1,241
-250
-17% -$80.5K
CCK icon
584
Crown Holdings
CCK
$13.1B
$339K 0.01%
3,383
-692
-17% -$73.9K
BWA icon
585
BorgWarner
BWA
$14B
$337K 0.01%
6,204
-1,514
-20% -$79.8K
JKHY icon
586
Jack Henry & Associates
JKHY
$10.8B
$335K 0.01%
2,122
-376
-15% -$64.4K
FHN icon
587
First Horizon
FHN
$12.3B
$335K 0.01%
14,697
-3,003
-17% -$71.8K
DOC icon
588
Healthpeak Properties
DOC
$14.2B
$333K 0.01%
20,264
-3,588
-15% -$61.5K
WBS icon
589
Webster Financial
WBS
$12.8B
$333K 0.01%
4,790
-1,136
-19% -$77.8K
EXEL icon
590
Exelixis
EXEL
$12.5B
$330K 0.01%
7,703
-1,608
-17% -$69.1K
WTRG icon
591
Essential Utilities
WTRG
$11.3B
$330K 0.01%
8,199
-1,575
-16% -$62K
GNRC icon
592
Generac Holdings
GNRC
$13.1B
$330K 0.01%
1,690
-312
-16% -$59.9K
SCI icon
593
Service Corp International
SCI
$11.5B
$329K 0.01%
3,987
-939
-19% -$75.8K
ACM icon
594
Aecom
ACM
$7.85B
$328K 0.01%
3,869
-783
-17% -$74.2K
DOCU
595
DocuSign
DOCU
$11.1B
$328K 0.01%
6,908
-1,333
-16% -$68.2K
TEAM icon
596
Atlassian
TEAM
$39.4B
$327K 0.01%
4,793
-916
-16% -$90.3K
UDR icon
597
UDR
UDR
$12B
$326K 0.01%
9,658
-1,698
-15% -$62.4K
EQH icon
598
Equitable Holdings
EQH
$14.1B
$326K 0.01%
8,790
-1,797
-17% -$77K
GDDY icon
599
GoDaddy
GDDY
$11.6B
$325K 0.01%
3,931
-782
-17% -$74.2K
GL icon
600
Globe Life
GL
$13.8B
$324K 0.01%
2,327
-518
-18% -$73.1K
22 23
24
25 26

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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.