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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
MSI icon
176
Motorola Solutions
MSI
$76.9B
$2.09M 0.09%
4,827
-887
-16% -$384K
UPS icon
177
United Parcel Service
UPS
$89.8B
$2.09M 0.09%
21,263
-3,907
-16% -$419K
CRH icon
178
CRH
CRH
$65.4B
$2.07M 0.09%
19,647
-4,233
-18% -$497K
CI icon
179
Cigna
CI
$73.4B
$2.04M 0.09%
7,632
-1,400
-16% -$387K
AEP icon
180
American Electric Power
AEP
$68.2B
$2.03M 0.09%
15,498
-2,850
-16% -$357K
RCL icon
181
Royal Caribbean
RCL
$83B
$2.02M 0.09%
7,340
-1,349
-16% -$402K
GM icon
182
General Motors
GM
$75.9B
$2.01M 0.09%
27,025
-5,627
-17% -$447K
HLT icon
183
Hilton Worldwide
HLT
$72.1B
$2.01M 0.09%
6,607
-1,304
-16% -$395K
ROST icon
184
Ross Stores
ROST
$78.5B
$2M 0.09%
9,231
-1,813
-16% -$361K
NET icon
185
Cloudflare
NET
$118B
$1.98M 0.09%
9,579
-1,800
-16% -$343K
MCO icon
186
Moody's
MCO
$84.4B
$1.96M 0.09%
4,503
-829
-16% -$392K
AON icon
187
Aon
AON
$75.7B
$1.96M 0.08%
6,082
-1,114
-15% -$370K
ECL icon
188
Ecolab
ECL
$77.4B
$1.92M 0.08%
7,228
-1,324
-15% -$374K
ILMN icon
189
Illumina
ILMN
$29.1B
$1.89M 0.08%
15,371
-1,694
-10% -$222K
KMI icon
190
Kinder Morgan
KMI
$71.6B
$1.89M 0.08%
56,333
-10,349
-16% -$323K
ELV icon
191
Elevance Health
ELV
$86.3B
$1.89M 0.08%
6,444
-1,312
-17% -$431K
TRV icon
192
Travelers Companies
TRV
$77.2B
$1.88M 0.08%
6,448
-1,306
-17% -$383K
NSC icon
193
Norfolk Southern
NSC
$75.9B
$1.88M 0.08%
6,542
-1,205
-16% -$358K
ROKU icon
194
Roku
ROKU
$22.8B
$1.87M 0.08%
19,775
-1,649
-8% -$161K
APD icon
195
Air Products & Chemicals
APD
$68B
$1.87M 0.08%
6,435
-1,183
-16% -$326K
LHX icon
196
L3Harris
LHX
$53.7B
$1.87M 0.08%
5,410
-995
-16% -$348K
TDG icon
197
TransDigm Group
TDG
$68.8B
$1.86M 0.08%
1,601
-294
-16% -$385K
ADM icon
198
Archer Daniels Midland
ADM
$38.7B
$1.84M 0.08%
25,281
-3,145
-11% -$212K
SRE icon
199
Sempra
SRE
$56.4B
$1.84M 0.08%
18,910
-3,477
-16% -$318K
CIEN icon
200
Ciena
CIEN
$63B
$1.83M 0.08%
4,714
-914
-16% -$280K
6 7
8
9 10

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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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CM
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DSCM
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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.