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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 | |
|---|---|---|---|---|---|---|
801
NOV
NOV
$7.11B
| $206K | 0.01% |
+13,161
| New | +$195K |
|
802
Hexcel
HXL
$7.08B
| $205K | 0.01% |
+2,779
| New | +$196K |
|
803
Bright Horizons
BFAM
$3.59B
| $205K | 0.01% |
+2,018
| New | +$204K |
|
804
Alaska Air
ALK
$4.84B
| $204K | 0.01% |
+4,062
| New | +$188K |
|
805
Nexstar Media Group
NXST
$5.83B
| $204K | 0.01% |
+1,005
| New | +$196K |
|
806
H&R Block
HRB
$6.56B
| $203K | 0.01% |
+4,654
| New | +$218K |
|
807
CarMax
KMX
$9.11B
| $203K | 0.01% |
+5,245
| New | +$210K |
|
808
Bio-Rad Laboratories Class A
BIO
$10.4B
| $201K | 0.01% |
+664
| New | +$207K |
|
809
Rithm Capital
RITM
$5.68B
| $201K | 0.01% |
+18,399
| New | +$203K |
|
810
AutoNation
AN
$6.51B
| $200K | 0.01% |
+971
| New | +$202K |
|
811
Arrow Electronics
ARW
$10.3B
| $200K | 0.01% |
+1,818
| New | +$206K |
|
812
SLM Corp
SLM
$4.98B
| $200K | 0.01% |
+7,401
| New | +$203K |
|
813
Healthcare Realty
HR
$6.65B
| $197K | 0.01% |
+11,633
| New | +$207K |
|
814
Graphic Packaging
GPK
$3.38B
| $156K | 0.01% |
+10,331
| New | +$170K |
|
815
SentinelOne
S
$6.96B
| $154K | 0.01% |
+10,298
| New | +$169K |
|
|
CCC
816
CCC Intelligent Solutions
CCC
$4.39B
| $154K | 0.01% |
+19,424
| New | +$158K |
|
817
QuantumScape Corp
QS
$3.58B
| $153K | 0.01% |
+14,640
| New | +$202K |
|
818
ADT
ADT
$5.43B
| $143K | 0.01% |
+17,680
| New | +$147K |
|
819
Aurora
AUR
$11.6B
| $136K | 0.01% |
+35,528
| New | +$163K |
|
820
Americold
COLD
$4.42B
| $129K | ﹤0.01% |
+10,046
| New | +$123K |
|
821
Western Union
WU
$2.29B
| $106K | ﹤0.01% |
+11,413
| New | +$101K |
|
|
GTM
822
ZoomInfo Technologies
GTM
$1.12B
| $106K | ﹤0.01% |
+10,402
| New | +$107K |
|
|
MPT
823
Medical Properties Trust
MPT
$2.45B
| $89.7K | ﹤0.01% |
+17,934
| New | +$93.4K |
|
824
Newell Brands
NWL
$2.53B
| $54.7K | ﹤0.01% |
+14,706
| New | +$59.4K |
|
825
Clarivate
CLVT
$1.38B
| $41.9K | ﹤0.01% |
+12,547
| New | +$44.6K |
|
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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.