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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
TTC icon
651
Toro Company
TTC
$9.32B
$269K 0.01%
2,881
-620
-18% -$58.4K
WTFC icon
652
Wintrust Financial
WTFC
$11B
$268K 0.01%
1,929
-405
-17% -$58.7K
ORI icon
653
Old Republic International
ORI
$10.3B
$267K 0.01%
6,681
-1,433
-18% -$58.9K
KNX icon
654
Knight Transportation
KNX
$11.6B
$265K 0.01%
4,602
-984
-18% -$56.4K
FRT icon
655
Federal Realty Investment Trust
FRT
$10.2B
$264K 0.01%
2,487
-446
-15% -$46.6K
OC icon
656
Owens Corning
OC
$12.3B
$263K 0.01%
2,426
-575
-19% -$68.5K
BLDR icon
657
Builders FirstSource
BLDR
$7.79B
$261K 0.01%
3,172
-560
-15% -$59.8K
IVZ icon
658
Invesco
IVZ
$13.9B
$258K 0.01%
10,639
-1,766
-14% -$46.2K
SN icon
659
SharkNinja
SN
$26.2B
$258K 0.01%
2,435
-487
-17% -$57K
BPOP icon
660
Popular Inc
BPOP
$11.2B
$257K 0.01%
1,919
-439
-19% -$58.9K
BRX icon
661
Brixmor Property Group
BRX
$9.12B
$256K 0.01%
8,900
-1,870
-17% -$52.8K
EMN icon
662
Eastman Chemical
EMN
$8.29B
$256K 0.01%
3,355
-662
-16% -$47.7K
AYI icon
663
Acuity Brands
AYI
$10.8B
$253K 0.01%
902
-191
-17% -$58K
BAX icon
664
Baxter International
BAX
$13.9B
$252K 0.01%
14,975
-2,652
-15% -$51.3K
ADC icon
665
Agree Realty
ADC
$9.25B
$249K 0.01%
3,306
-520
-14% -$39.4K
AFG icon
666
American Financial Group
AFG
$12B
$247K 0.01%
1,933
-406
-17% -$52.7K
NFG icon
667
National Fuel Gas
NFG
$7.77B
$246K 0.01%
2,622
-556
-17% -$48.5K
CR icon
668
Crane Co
CR
$12.9B
$246K 0.01%
1,439
-307
-18% -$58.9K
CRL icon
669
Charles River Laboratories
CRL
$13.6B
$246K 0.01%
1,426
-247
-15% -$45.8K
MUSA icon
670
Murphy USA
MUSA
$10.1B
$246K 0.01%
497
-142
-22% -$60.8K
NCLH icon
671
Norwegian Cruise Line
NCLH
$8.69B
$245K 0.01%
13,125
-2,034
-13% -$44.4K
ZION icon
672
Zions Bancorporation
ZION
$10.5B
$244K 0.01%
4,240
-863
-17% -$50.9K
LFUS icon
673
Littelfuse
LFUS
$11.7B
$244K 0.01%
718
-150
-17% -$48.7K
CUBE icon
674
CubeSmart
CUBE
$9.28B
$243K 0.01%
6,617
-1,406
-18% -$53.9K
ATR icon
675
AptarGroup
ATR
$8.47B
$241K 0.01%
1,912
-413
-18% -$53.8K
25 26
27
28 29

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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.