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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
KKR icon
201
KKR & Co
KKR
$105B
$1.82M 0.08%
19,646
-3,605
-16% -$380K
LUV icon
202
Southwest Airlines
LUV
$22.1B
$1.82M 0.08%
48,364
-4,604
-9% -$208K
DLR icon
203
Digital Realty Trust
DLR
$73.3B
$1.8M 0.08%
9,967
-1,616
-14% -$276K
NKE icon
204
Nike
NKE
$61.3B
$1.77M 0.08%
33,517
-6,136
-15% -$372K
BKR icon
205
Baker Hughes
BKR
$63B
$1.75M 0.08%
28,729
-5,288
-16% -$306K
LNG icon
206
Cheniere Energy
LNG
$55.4B
$1.75M 0.08%
6,173
-1,594
-21% -$368K
SPG icon
207
Simon Property Group
SPG
$71.8B
$1.75M 0.08%
9,385
-1,724
-16% -$329K
BBY icon
208
Best Buy
BBY
$18.1B
$1.74M 0.08%
27,080
-2,179
-7% -$143K
EL icon
209
Estee Lauder
EL
$31.7B
$1.74M 0.08%
24,205
-1,844
-7% -$188K
PCAR icon
210
PACCAR
PCAR
$68.7B
$1.72M 0.07%
14,929
-2,737
-15% -$331K
TFC icon
211
Truist Financial
TFC
$64.8B
$1.72M 0.07%
37,370
-6,872
-16% -$340K
TTWO icon
212
Take-Two Interactive
TTWO
$45.3B
$1.7M 0.07%
8,629
-1,155
-12% -$251K
CHRW icon
213
C.H. Robinson
CHRW
$17.6B
$1.69M 0.07%
10,203
-983
-9% -$176K
CTAS icon
214
Cintas
CTAS
$80.5B
$1.68M 0.07%
9,959
-1,833
-16% -$351K
DASH icon
215
DoorDash
DASH
$93.8B
$1.68M 0.07%
11,173
-1,932
-15% -$357K
COR icon
216
Cencora
COR
$59.3B
$1.67M 0.07%
5,305
-964
-15% -$337K
CTVA icon
217
Corteva
CTVA
$50.4B
$1.66M 0.07%
19,818
-3,648
-16% -$275K
OKE icon
218
Oneok
OKE
$58.6B
$1.64M 0.07%
18,103
-3,324
-16% -$274K
AZO icon
219
AutoZone
AZO
$49.8B
$1.63M 0.07%
484
-89
-16% -$319K
O icon
220
Realty Income
O
$59.8B
$1.62M 0.07%
26,525
-4,483
-14% -$281K
EBAY icon
221
eBay
EBAY
$46.4B
$1.62M 0.07%
17,810
-2,960
-14% -$266K
TWLO icon
222
Twilio
TWLO
$38.9B
$1.6M 0.07%
12,738
-1,333
-9% -$164K
AJG icon
223
Arthur J. Gallagher & Co
AJG
$65B
$1.59M 0.07%
7,346
-1,348
-16% -$311K
DPZ icon
224
Domino's
DPZ
$11.7B
$1.59M 0.07%
4,418
-371
-8% -$146K
ALL icon
225
Allstate
ALL
$65.6B
$1.58M 0.07%
7,644
-1,407
-16% -$288K
7 8
9
10 11

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M
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SG
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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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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.