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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
IDA icon
701
Idacorp
IDA
$8.21B
$225K 0.01%
1,577
-334
-17% -$45.8K
ESI icon
702
Element Solutions
ESI
$9.37B
$225K 0.01%
+6,583
New +$206K
WAL icon
703
Western Alliance Bancorporation
WAL
$9.01B
$223K 0.01%
3,154
-671
-18% -$55.9K
AMG icon
704
Affiliated Managers Group
AMG
$9.57B
$223K 0.01%
807
-168
-17% -$50.6K
REXR icon
705
Rexford Industrial Realty
REXR
$8.11B
$223K 0.01%
6,814
-1,559
-19% -$58.5K
AM icon
706
Antero Midstream
AM
$10.6B
$223K 0.01%
9,777
-2,062
-17% -$42.6K
ONON icon
707
On Holding
ONON
$10.4B
$222K 0.01%
6,524
-1,293
-17% -$56.4K
MGM icon
708
MGM Resorts International
MGM
$11.1B
$222K 0.01%
5,989
-1,038
-15% -$37K
SFM icon
709
Sprouts Farmers Market
SFM
$8.03B
$221K 0.01%
2,862
-604
-17% -$45.1K
KNSL icon
710
Kinsale Capital Group
KNSL
$8.51B
$221K 0.01%
646
-137
-17% -$51.9K
LKQ icon
711
LKQ Corp
LKQ
$6.25B
$221K 0.01%
7,508
-1,299
-15% -$41.7K
AXS icon
712
AXIS Capital
AXS
$7.26B
$220K 0.01%
2,172
-510
-19% -$52.3K
XP icon
713
XP
XP
$7.98B
$220K 0.01%
11,563
-2,784
-19% -$53.8K
HALO icon
714
Halozyme
HALO
$11.6B
$219K 0.01%
3,392
-947
-22% -$66.8K
AOS icon
715
A.O. Smith
AOS
$8.51B
$219K 0.01%
3,321
-588
-15% -$42.4K
CAG icon
716
Conagra Brands
CAG
$7.16B
$219K 0.01%
13,914
-2,405
-15% -$42.5K
TIGO icon
717
Millicom
TIGO
$16.2B
$219K 0.01%
+2,916
New +$191K
KEX icon
718
Kirby Corp
KEX
$7.18B
$217K 0.01%
1,632
-340
-17% -$43.1K
FR icon
719
First Industrial Realty Trust
FR
$8.4B
$216K 0.01%
3,741
-765
-17% -$45.5K
ARW icon
720
Arrow Electronics
ARW
$10.7B
$216K 0.01%
1,509
-309
-17% -$42.4K
CRUS icon
721
Cirrus Logic
CRUS
$6.11B
$216K 0.01%
1,494
-313
-17% -$42.1K
MTDR icon
722
Matador Resources
MTDR
$6.5B
$216K 0.01%
+3,414
New +$171K
MTCH icon
723
Match Group
MTCH
$8.4B
$215K 0.01%
7,011
-1,375
-16% -$42.9K
EPAM icon
724
EPAM Systems
EPAM
$5.17B
$213K 0.01%
1,575
-302
-16% -$51.6K
INGR icon
725
Ingredion
INGR
$6.54B
$210K 0.01%
1,867
-391
-17% -$44.9K
27 28
29
30 31

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TW
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SG
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FFA
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KFA
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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.