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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
HWM icon
126
Howmet Aerospace
HWM
$113B
$2.68M 0.12%
11,616
-2,134
-16% -$497K
CVS icon
127
CVS Health
CVS
$121B
$2.66M 0.12%
37,103
-6,730
-15% -$518K
ICE icon
128
Intercontinental Exchange
ICE
$85B
$2.6M 0.11%
16,526
-3,038
-16% -$496K
WMB icon
129
Williams Companies
WMB
$89.9B
$2.57M 0.11%
35,281
-6,485
-16% -$449K
DLTR icon
130
Dollar Tree
DLTR
$24.7B
$2.56M 0.11%
23,370
-2,117
-8% -$259K
CEG icon
131
Constellation Energy
CEG
$98.9B
$2.53M 0.11%
9,073
-1,669
-16% -$507K
GD icon
132
General Dynamics
GD
$106B
$2.51M 0.11%
7,320
-1,346
-16% -$477K
JCI icon
133
Johnson Controls International
JCI
$93.5B
$2.5M 0.11%
19,124
-3,522
-16% -$455K
SNDK
134
Sandisk
SNDK
$200B
$2.48M 0.11%
3,907
-841
-18% -$475K
MRVL icon
135
Marvell Technology
MRVL
$200B
$2.48M 0.11%
25,042
-5,395
-18% -$453K
MRSH
136
Marsh
MRSH
$90.2B
$2.48M 0.11%
14,297
-2,631
-16% -$473K
W icon
137
Wayfair
W
$14.3B
$2.48M 0.11%
32,952
-3,258
-9% -$295K
BX icon
138
Blackstone
BX
$109B
$2.47M 0.11%
21,487
-3,610
-14% -$470K
WM icon
139
Waste Management
WM
$90.9B
$2.46M 0.11%
10,717
-1,970
-16% -$453K
FCX icon
140
Freeport-McMoran
FCX
$96.8B
$2.44M 0.11%
41,434
-7,613
-16% -$460K
TPR icon
141
Tapestry
TPR
$31B
$2.43M 0.11%
17,229
-1,691
-9% -$240K
ADP icon
142
Automatic Data Processing
ADP
$107B
$2.4M 0.1%
11,804
-2,173
-16% -$498K
BNY
143
Bank of New York Mellon
BNY
$111B
$2.4M 0.1%
20,212
-3,988
-16% -$474K
INCY icon
144
Incyte
INCY
$24.5B
$2.39M 0.1%
25,408
-1,864
-7% -$186K
PNC icon
145
PNC Financial Services
PNC
$102B
$2.38M 0.1%
11,446
-2,106
-16% -$459K
CL icon
146
Colgate-Palmolive
CL
$73.8B
$2.36M 0.1%
27,681
-4,509
-14% -$402K
USB icon
147
US Bancorp
USB
$101B
$2.35M 0.1%
45,245
-8,324
-16% -$457K
TGT icon
148
Target
TGT
$69.4B
$2.34M 0.1%
19,344
-2,747
-12% -$310K
PWR icon
149
Quanta Services
PWR
$103B
$2.34M 0.1%
4,266
-783
-16% -$403K
AMT icon
150
American Tower
AMT
$79.9B
$2.34M 0.1%
13,551
-2,490
-16% -$448K
4 5
6
7 8

Similar funds

M
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GWM
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TW
Trajan Wealth Scottsdale, Arizona $2.48B AUM 17.44% 1-Year Est. Return
SG
Sourcerock Group Denver, Colorado $2.48B AUM 72.25% 1-Year Est. Return
FFA
First Foundation Advisors Irvine, California $2.48B AUM 18.56% 1-Year Est. Return
KFA
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Q
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PUI
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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.