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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
EA
151
DELISTED
Electronic Arts
EA
$2.33M 0.1%
11,447
-1,582
-12% -$319K
EOG icon
152
EOG Resources
EOG
$74.7B
$2.29M 0.1%
15,831
-2,911
-16% -$353K
REGN icon
153
Regeneron Pharmaceuticals
REGN
$81.9B
$2.27M 0.1%
2,940
-639
-18% -$489K
ABNB icon
154
Airbnb
ABNB
$108B
$2.27M 0.1%
17,963
-2,559
-12% -$333K
ORLY icon
155
O'Reilly Automotive
ORLY
$74.4B
$2.25M 0.1%
24,404
-4,828
-17% -$453K
MNST icon
156
Monster Beverage
MNST
$89.3B
$2.24M 0.1%
61,908
-8,536
-12% -$337K
SLB icon
157
SLB Ltd
SLB
$78.6B
$2.23M 0.1%
43,448
-7,996
-16% -$388K
CSX icon
158
CSX Corp
CSX
$92.8B
$2.23M 0.1%
54,379
-10,011
-16% -$392K
HCA icon
159
HCA Healthcare
HCA
$89.2B
$2.22M 0.1%
4,695
-1,172
-20% -$590K
EXPE icon
160
Expedia Group
EXPE
$38.5B
$2.22M 0.1%
9,600
-1,084
-10% -$266K
FDX icon
161
FedEx
FDX
$77B
$2.21M 0.1%
6,209
-1,138
-15% -$395K
CDNS icon
162
Cadence Design Systems
CDNS
$89.8B
$2.2M 0.1%
7,904
-1,454
-16% -$434K
ITW icon
163
Illinois Tool Works
ITW
$83.7B
$2.18M 0.09%
8,394
-1,681
-17% -$457K
VLO icon
164
Valero Energy
VLO
$94.6B
$2.18M 0.09%
8,806
-1,900
-18% -$392K
MDLZ icon
165
Mondelez International
MDLZ
$78.9B
$2.16M 0.09%
37,531
-6,904
-16% -$400K
SPOT icon
166
Spotify
SPOT
$101B
$2.16M 0.09%
4,456
-960
-18% -$482K
MPC icon
167
Marathon Petroleum
MPC
$96.1B
$2.15M 0.09%
8,810
-1,732
-16% -$350K
CMI icon
168
Cummins
CMI
$88.3B
$2.15M 0.09%
3,987
-732
-16% -$414K
SHW icon
169
Sherwin-Williams
SHW
$87.9B
$2.14M 0.09%
6,684
-1,317
-16% -$453K
SNOW icon
170
Snowflake
SNOW
$117B
$2.14M 0.09%
14,191
-1,740
-11% -$322K
EMR icon
171
Emerson Electric
EMR
$91.7B
$2.14M 0.09%
16,327
-3,003
-16% -$432K
PSX icon
172
Phillips 66
PSX
$89.8B
$2.13M 0.09%
11,674
-2,309
-17% -$362K
MAR icon
173
Marriott International
MAR
$92.7B
$2.13M 0.09%
6,500
-1,308
-17% -$430K
SNPS icon
174
Synopsys
SNPS
$79.4B
$2.12M 0.09%
5,347
-983
-16% -$444K
DG icon
175
Dollar General
DG
$26.4B
$2.1M 0.09%
17,686
-1,765
-9% -$252K
5 6
7
8 9

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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
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FFA
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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.