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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 | |
|---|---|---|---|---|---|---|
176
Tapestry
TPR
$25.9B
| $2.42M | 0.09% |
+18,920
| New | +$2.16M |
|
177
Cummins
CMI
$80B
| $2.41M | 0.09% |
+4,719
| New | +$2.21M |
|
178
Mondelez International
MDLZ
$80.7B
| $2.39M | 0.09% |
+44,435
| New | +$2.56M |
|
179
Corning
GLW
$129B
| $2.34M | 0.09% |
+26,777
| New | +$2.31M |
|
180
CSX Corp
CSX
$95.7B
| $2.33M | 0.09% |
+64,390
| New | +$2.3M |
|
181
Roku
ROKU
$23.6B
| $2.32M | 0.09% |
+21,424
| New | +$2.17M |
|
182
Hilton Worldwide
HLT
$74.5B
| $2.27M | 0.08% |
+7,911
| New | +$2.15M |
|
183
Arthur J. Gallagher & Co
AJG
$68.9B
| $2.25M | 0.08% |
+8,694
| New | +$2.3M |
|
184
Travelers Companies
TRV
$77.6B
| $2.25M | 0.08% |
+7,754
| New | +$2.18M |
|
185
Ecolab
ECL
$82.7B
| $2.25M | 0.08% |
+8,552
| New | +$2.28M |
|
186
Cloudflare
NET
$98.8B
| $2.24M | 0.08% |
+11,379
| New | +$2.41M |
|
187
Illumina
ILMN
$34.2B
| $2.24M | 0.08% |
+17,065
| New | +$2M |
|
188
Norfolk Southern
NSC
$79.5B
| $2.24M | 0.08% |
+7,747
| New | +$2.24M |
|
189
Cintas
CTAS
$82.4B
| $2.22M | 0.08% |
+11,792
| New | +$2.22M |
|
190
Motorola Solutions
MSI
$80.2B
| $2.19M | 0.08% |
+5,714
| New | +$2.3M |
|
191
Southwest Airlines
LUV
$20.2B
| $2.19M | 0.08% |
+52,968
| New | +$1.85M |
|
192
Truist Financial
TFC
$61.9B
| $2.18M | 0.08% |
+44,242
| New | +$2.04M |
|
193
Vertiv
VRT
$101B
| $2.17M | 0.08% |
+13,396
| New | +$2.33M |
|
194
Autodesk
ADSK
$53.1B
| $2.16M | 0.08% |
+7,306
| New | +$2.21M |
|
195
Target
TGT
$73.7B
| $2.16M | 0.08% |
+22,091
| New | +$2.04M |
|
196
Quanta Services
PWR
$91.7B
| $2.13M | 0.08% |
+5,049
| New | +$2.22M |
|
197
FedEx
FDX
$79.2B
| $2.12M | 0.08% |
+7,347
| New | +$1.93M |
|
198
Cencora
COR
$62.7B
| $2.12M | 0.08% |
+6,269
| New | +$2.14M |
|
199
American Electric Power
AEP
$67.1B
| $2.12M | 0.08% |
+18,348
| New | +$2.17M |
|
200
Idexx Laboratories
IDXX
$43.5B
| $2.1M | 0.08% |
+3,100
| New | +$2.11M |
|
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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.