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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
CE icon
726
Celanese
CE
$4.75B
$210K 0.01%
+3,196
New +$167K
AGCO icon
727
AGCO
AGCO
$7.11B
$210K 0.01%
1,813
-390
-18% -$47.3K
SSD icon
728
Simpson Manufacturing
SSD
$7.99B
$210K 0.01%
1,224
-266
-18% -$49K
BEN icon
729
Franklin Resources
BEN
$17.1B
$210K 0.01%
8,880
-1,662
-16% -$42.8K
AWI icon
730
Armstrong World Industries
AWI
$7.75B
$207K 0.01%
1,257
-248
-16% -$45.3K
DOX icon
731
Amdocs
DOX
$6.08B
$207K 0.01%
3,165
-750
-19% -$54.9K
TAP icon
732
Molson Coors Class B
TAP
$7.75B
$206K 0.01%
4,777
-974
-17% -$46.3K
AAL icon
733
American Airlines Group
AAL
$9.88B
$205K 0.01%
19,064
-3,889
-17% -$51.5K
NOV icon
734
NOV
NOV
$7.45B
$199K 0.01%
10,603
-2,558
-19% -$48K
ACI icon
735
Albertsons Companies
ACI
$5.83B
$197K 0.01%
11,551
-2,683
-19% -$46.6K
VFC icon
736
VF Corp
VFC
$5.73B
$174K 0.01%
10,265
-2,043
-17% -$38.5K
STWD icon
737
Starwood Property Trust
STWD
$6.09B
$174K 0.01%
10,107
-2,181
-18% -$39.1K
FNB icon
738
FNB Corp
FNB
$6.86B
$174K 0.01%
10,377
-1,891
-15% -$32.7K
OWL icon
739
Blue Owl Capital
OWL
$19.1B
$169K 0.01%
18,559
-3,086
-14% -$37.3K
RITM icon
740
Rithm Capital
RITM
$5.71B
$153K 0.01%
16,163
-2,236
-12% -$23.4K
AVTR icon
741
Avantor
AVTR
$9.42B
$151K 0.01%
19,313
-4,066
-17% -$40K
LYFT icon
742
Lyft
LYFT
$6.28B
$149K 0.01%
11,234
-2,751
-20% -$42.6K
AUR icon
743
Aurora
AUR
$13.5B
$140K 0.01%
34,088
-1,440
-4% -$6.37K
CLF icon
744
Cleveland-Cliffs
CLF
$6.99B
$138K 0.01%
16,382
-872
-5% -$9.98K
PATH icon
745
UiPath
PATH
$7.91B
$131K 0.01%
11,760
-2,465
-17% -$31.4K
CCC
746
CCC Intelligent Solutions
CCC
$4.11B
$100K ﹤0.01%
16,698
-2,726
-14% -$17.9K
ADT icon
747
ADT
ADT
$5.34B
$98.9K ﹤0.01%
15,059
-2,621
-15% -$19.7K
QS icon
748
QuantumScape Corp
QS
$3.92B
$83.6K ﹤0.01%
13,109
-1,531
-10% -$12.7K
MPT
749
Medical Properties Trust
MPT
$2.42B
$68.1K ﹤0.01%
14,716
-3,218
-18% -$16.8K
NWL icon
750
Newell Brands
NWL
$2.62B
$41.8K ﹤0.01%
12,189
-2,517
-17% -$10.6K
28 29
30
31 32

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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.