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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 | |
|---|---|---|---|---|---|---|
626
Pinnacle West Capital
PNW
$12B
| $362K | 0.01% |
+4,085
| New | +$366K |
|
627
Booz Allen Hamilton
BAH
$8.97B
| $361K | 0.01% |
+4,280
| New | +$383K |
|
628
Moderna
MRNA
$59.6B
| $359K | 0.01% |
+12,172
| New | +$331K |
|
629
Five Below
FIVE
$14.4B
| $358K | 0.01% |
+1,902
| New | +$309K |
|
630
Ovintiv
OVV
$17.9B
| $354K | 0.01% |
+9,022
| New | +$350K |
|
631
Antero Resources
AR
$12B
| $353K | 0.01% |
+10,247
| New | +$347K |
|
632
Lattice Semiconductor
LSCC
$16.8B
| $352K | 0.01% |
+4,786
| New | +$341K |
|
633
American Airlines Group
AAL
$9.19B
| $352K | 0.01% |
+22,953
| New | +$310K |
|
634
Jazz Pharmaceuticals
JAZZ
$16.8B
| $350K | 0.01% |
+2,058
| New | +$316K |
|
635
AES
AES
$10.5B
| $349K | 0.01% |
+24,345
| New | +$343K |
|
636
BorgWarner
BWA
$13.3B
| $348K | 0.01% |
+7,718
| New | +$338K |
|
637
J.M. Smucker
SJM
$13.8B
| $347K | 0.01% |
+3,552
| New | +$367K |
|
638
Applied Industrial Technologies
AIT
$12.6B
| $345K | 0.01% |
+1,343
| New | +$344K |
|
639
Core & Main
CNM
$8.12B
| $344K | 0.01% |
+6,622
| New | +$340K |
|
640
Globus Medical
GMED
$11.1B
| $343K | 0.01% |
+3,927
| New | +$298K |
|
641
Wynn Resorts
WYNN
$10.1B
| $340K | 0.01% |
+2,828
| New | +$350K |
|
642
Qiagen
QGEN
$9.05B
| $340K | 0.01% |
+7,555
| New | +$349K |
|
643
News Corp Class A
NWSA
$16.5B
| $339K | 0.01% |
+12,985
| New | +$341K |
|
644
Aramark
ARMK
$15.6B
| $339K | 0.01% |
+9,185
| New | +$350K |
|
645
Norwegian Cruise Line
NCLH
$7.88B
| $338K | 0.01% |
+15,159
| New | +$320K |
|
646
Baxter International
BAX
$13.7B
| $337K | 0.01% |
+17,627
| New | +$353K |
|
647
Jefferies Financial Group
JEF
$12.2B
| $337K | 0.01% |
+5,434
| New | +$311K |
|
648
Samsara
IOT
$23.1B
| $336K | 0.01% |
+9,490
| New | +$367K |
|
649
Owens Corning
OC
$11.6B
| $336K | 0.01% |
+3,001
| New | +$352K |
|
650
Charles River Laboratories
CRL
$14.2B
| $334K | 0.01% |
+1,673
| New | +$303K |
|
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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.