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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 | |
|---|---|---|---|---|---|---|
126
Spotify
SPOT
$114B
| $3.15M | 0.12% |
+5,416
| New | +$3.39M |
|
|
MRSH
127
Marsh
MRSH
$92.3B
| $3.14M | 0.12% |
+16,928
| New | +$3.16M |
|
128
Dollar Tree
DLTR
$25.8B
| $3.14M | 0.12% |
+25,487
| New | +$2.73M |
|
129
Duke Energy
DUK
$94.8B
| $3.13M | 0.12% |
+26,681
| New | +$3.26M |
|
130
Expedia Group
EXPE
$40.6B
| $3.03M | 0.11% |
+10,684
| New | +$2.64M |
|
131
CRH
CRH
$64B
| $2.98M | 0.11% |
+23,880
| New | +$2.84M |
|
132
Trane Technologies
TT
$100B
| $2.98M | 0.11% |
+7,646
| New | +$3.16M |
|
133
Synopsys
SNPS
$78.3B
| $2.97M | 0.11% |
+6,330
| New | +$2.81M |
|
134
DoorDash
DASH
$101B
| $2.97M | 0.11% |
+13,105
| New | +$3.07M |
|
135
KKR & Co
KKR
$96.6B
| $2.96M | 0.11% |
+23,251
| New | +$2.89M |
|
136
Cadence Design Systems
CDNS
$91.4B
| $2.93M | 0.11% |
+9,358
| New | +$3.05M |
|
137
General Dynamics
GD
$102B
| $2.92M | 0.11% |
+8,666
| New | +$2.96M |
|
138
Robinhood
HOOD
$101B
| $2.87M | 0.11% |
+25,351
| New | +$3.3M |
|
139
US Bancorp
USB
$97.2B
| $2.86M | 0.11% |
+53,569
| New | +$2.63M |
|
140
PNC Financial Services
PNC
$97.4B
| $2.83M | 0.11% |
+13,552
| New | +$2.62M |
|
141
Howmet Aerospace
HWM
$105B
| $2.82M | 0.1% |
+13,750
| New | +$2.74M |
|
142
American Tower
AMT
$83.2B
| $2.82M | 0.1% |
+16,041
| New | +$2.92M |
|
|
BNY
143
Bank of New York Mellon
BNY
$111B
| $2.81M | 0.1% |
+24,200
| New | +$2.68M |
|
144
Waste Management
WM
$88.8B
| $2.79M | 0.1% |
+12,687
| New | +$2.7M |
|
145
Airbnb
ABNB
$112B
| $2.79M | 0.1% |
+20,522
| New | +$2.56M |
|
146
Regeneron Pharmaceuticals
REGN
$85.8B
| $2.76M | 0.1% |
+3,579
| New | +$2.43M |
|
147
HCA Healthcare
HCA
$92.8B
| $2.74M | 0.1% |
+5,867
| New | +$2.72M |
|
148
Estee Lauder
EL
$37.9B
| $2.73M | 0.1% |
+26,049
| New | +$2.53M |
|
149
Moody's
MCO
$88.9B
| $2.72M | 0.1% |
+5,332
| New | +$2.6M |
|
150
Elevance Health
ELV
$86.5B
| $2.72M | 0.1% |
+7,756
| New | +$2.62M |
|
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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.