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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 | |
|---|---|---|---|---|---|---|
726
LKQ Corp
LKQ
$6.42B
| $266K | 0.01% |
+8,807
| New | +$266K |
|
|
SOLS
727
Solstice Advanced Materials
SOLS
$8.82B
| $266K | 0.01% |
+5,471
| New | +$258K |
|
728
Celsius Holdings
CELH
$8.94B
| $266K | 0.01% |
+5,808
| New | +$293K |
|
729
Middleby
MIDD
$5.15B
| $265K | 0.01% |
+1,785
| New | +$234K |
|
730
Cullen/Frost Bankers
CFR
$10.2B
| $265K | 0.01% |
+2,093
| New | +$263K |
|
731
A.O. Smith
AOS
$8.45B
| $261K | 0.01% |
+3,909
| New | +$264K |
|
732
The Mosaic Company
MOS
$7.72B
| $261K | 0.01% |
+10,819
| New | +$291K |
|
733
NNN REIT
NNN
$8.85B
| $260K | 0.01% |
+6,567
| New | +$269K |
|
734
HF Sinclair
DINO
$16.6B
| $259K | 0.01% |
+5,631
| New | +$290K |
|
735
First Industrial Realty Trust
FR
$8.42B
| $258K | 0.01% |
+4,506
| New | +$251K |
|
736
Pinnacle Financial Partners Inc
PNFP
$15.2B
| $258K | 0.01% |
+2,703
| New | +$248K |
|
737
Murphy USA
MUSA
$10B
| $258K | 0.01% |
+639
| New | +$245K |
|
738
MGM Resorts International
MGM
$10.9B
| $256K | 0.01% |
+7,027
| New | +$238K |
|
739
Eastman Chemical
EMN
$8.23B
| $256K | 0.01% |
+4,017
| New | +$248K |
|
740
National Fuel Gas
NFG
$7.81B
| $254K | 0.01% |
+3,178
| New | +$262K |
|
741
Voya Financial
VOYA
$9.11B
| $253K | 0.01% |
+3,400
| New | +$248K |
|
742
Churchill Downs
CHDN
$6.18B
| $253K | 0.01% |
+2,225
| New | +$231K |
|
743
Dutch Bros
BROS
$7.05B
| $252K | 0.01% |
+4,115
| New | +$234K |
|
744
Franklin Templeton
BEN
$17.8B
| $252K | 0.01% |
+10,542
| New | +$242K |
|
745
Qorvo
QRVO
$8.32B
| $251K | 0.01% |
+2,969
| New | +$262K |
|
746
Axalta
AXTA
$7.79B
| $249K | 0.01% |
+7,719
| New | +$226K |
|
747
Ingredion
INGR
$6.62B
| $249K | 0.01% |
+2,258
| New | +$255K |
|
|
SNV
748
DELISTED
Synovus
SNV
| $245K | 0.01% |
+4,903
| New | +$236K |
|
749
Albertsons Companies
ACI
$6.01B
| $244K | 0.01% |
+14,234
| New | +$254K |
|
750
Idacorp
IDA
$7.96B
| $242K | 0.01% |
+1,911
| New | +$249K |
|
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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.