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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 | |
|---|---|---|---|---|---|---|
751
Elastic
ESTC
$8.36B
| $242K | 0.01% |
+3,204
| New | +$261K |
|
752
STAG Industrial
STAG
$7.15B
| $242K | 0.01% |
+6,572
| New | +$249K |
|
753
MGIC Investment
MTG
$6.41B
| $241K | 0.01% |
+8,259
| New | +$232K |
|
754
Simpson Manufacturing
SSD
$7.65B
| $241K | 0.01% |
+1,490
| New | +$252K |
|
755
Paylocity
PCTY
$8.08B
| $239K | 0.01% |
+1,568
| New | +$233K |
|
756
Commerce Bancshares
CBSH
$8.35B
| $239K | 0.01% |
+4,566
| New | +$239K |
|
757
Ollie's Bargain Outlet
OLLI
$4.51B
| $238K | 0.01% |
+2,168
| New | +$261K |
|
|
AL
758
DELISTED
Air Lease Corp
AL
| $237K | 0.01% |
+3,686
| New | +$235K |
|
759
EXL Service
EXLS
$5.68B
| $236K | 0.01% |
+5,565
| New | +$228K |
|
760
Wingstop
WING
$3.1B
| $236K | 0.01% |
+989
| New | +$245K |
|
761
MarketAxess Holdings
MKTX
$5.72B
| $235K | 0.01% |
+1,298
| New | +$222K |
|
762
Hormel Foods
HRL
$13.1B
| $235K | 0.01% |
+9,918
| New | +$231K |
|
763
XP
XP
$9.03B
| $235K | 0.01% |
+14,347
| New | +$253K |
|
764
Eagle Materials
EXP
$6.1B
| $235K | 0.01% |
+1,136
| New | +$251K |
|
765
UiPath
PATH
$8.63B
| $233K | 0.01% |
+14,225
| New | +$221K |
|
766
Duolingo
DUOL
$6.83B
| $233K | 0.01% |
+1,328
| New | +$313K |
|
767
Hanover Insurance
THG
$7.91B
| $232K | 0.01% |
+1,267
| New | +$228K |
|
768
MP Materials
MP
$10.7B
| $231K | 0.01% |
+4,579
| New | +$290K |
|
769
AGCO
AGCO
$7.77B
| $230K | 0.01% |
+2,203
| New | +$234K |
|
770
Viper Energy
VNOM
$15.8B
| $230K | 0.01% |
+5,946
| New | +$225K |
|
771
Floor & Decor
FND
$5.78B
| $229K | 0.01% |
+3,765
| New | +$244K |
|
772
Cleveland-Cliffs
CLF
$6.57B
| $229K | 0.01% |
+17,254
| New | +$218K |
|
773
Hyatt Hotels
H
$16.7B
| $228K | 0.01% |
+1,424
| New | +$218K |
|
774
Mattel
MAT
$4.36B
| $226K | 0.01% |
+11,366
| New | +$220K |
|
775
ESAB
ESAB
$5B
| $224K | 0.01% |
+2,004
| New | +$229K |
|
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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.