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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 | |
|---|---|---|---|---|---|---|
|
1
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
$17.6B
| $271M | 10.1% |
+5,241,476
| New | +$273M |
|
|
2
NVIDIA
NVDA
$5.16T
| $150M | 5.56% |
+801,758
| New | +$149M |
|
|
3
Apple
AAPL
$4.52T
| $136M | 5.06% |
+499,753
| New | +$134M |
|
|
4
Microsoft
MSFT
$3.65T
| $123M | 4.58% |
+254,339
| New | +$127M |
|
|
5
iShares Core S&P 500 ETF
IVV
$894B
| $93.3M | 3.47% |
+136,196
| New | +$92.5M |
|
6
Amazon
AMZN
$2.82T
| $75.9M | 2.82% |
+328,885
| New | +$75.2M |
|
7
Alphabet (Google) Class A
GOOGL
$4.24T
| $62.4M | 2.32% |
+199,351
| New | +$57M |
|
8
Broadcom
AVGO
$1.7T
| $54.8M | 2.04% |
+158,311
| New | +$56.6M |
|
9
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $52M | 1.93% |
+471,460
| New | +$52.4M |
|
|
10
Alphabet (Google) Class C
GOOG
$4.2T
| $51M | 1.9% |
+162,381
| New | +$46.5M |
|
11
Meta Platforms (Facebook)
META
$1.45T
| $49.4M | 1.84% |
+74,894
| New | +$50M |
|
12
Tesla
TSLA
$1.38T
| $43.4M | 1.61% |
+96,475
| New | +$42.8M |
|
13
State Street SPDR Portfolio Corporate Bond ETF
SPBO
$2.15B
| $32M | 1.19% |
+1,089,068
| New | +$32.2M |
|
14
Berkshire Hathaway Class B
BRK.B
$1.08T
| $31.8M | 1.18% |
+63,265
| New | +$31.5M |
|
15
JPMorgan Chase
JPM
$948B
| $30.7M | 1.14% |
+95,274
| New | +$29.5M |
|
16
Eli Lilly
LLY
$1.1T
| $29.5M | 1.1% |
+27,482
| New | +$26.3M |
|
17
Vanguard Total Corporate Bond ETF
VTC
$1.72B
| $28.2M | 1.05% |
+362,872
| New | +$28.4M |
|
18
Visa
V
$717B
| $20.5M | 0.76% |
+58,418
| New | +$19.9M |
|
19
ExxonMobil
XOM
$661B
| $17.9M | 0.67% |
+148,678
| New | +$17.2M |
|
20
Johnson & Johnson
JNJ
$658B
| $17.1M | 0.64% |
+82,529
| New | +$16.3M |
|
21
Walmart Inc
WMT
$839B
| $16.6M | 0.62% |
+149,175
| New | +$16M |
|
22
Mastercard
MA
$525B
| $15.9M | 0.59% |
+27,890
| New | +$15.6M |
|
23
AbbVie
ABBV
$470B
| $13.9M | 0.52% |
+60,762
| New | +$13.8M |
|
24
Netflix
NFLX
$342B
| $13.6M | 0.51% |
+145,330
| New | +$15.7M |
|
25
Palantir
PLTR
$415B
| $13.5M | 0.5% |
+75,965
| New | +$13.8M |
|
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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.