North Dakota State Investment Board

CIK 2064039 · View on SEC EDGAR ↗

Portfolio value
$2.5B
#1,334 of 9,443 by 13F value · top 14.1%
Positions
826
As of
June 30, 2026

Portfolio value QoQ: +6.5% 13F does not disclose cash

Top 10 holdings weight
37.06%
Top 25 holdings weight
51.40%
Positions above 1%
17
Effective number of positions
55.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 7.69% Est. buys $183,549,516 · sells $289,491,559

New positions
92
Increased
633
Decreased
100
Closed
18
On this page

Sector breakdown

Technology
28.2%
Industrials
9.3%
Healthcare
8.1%
Communication Services
7.3%
Retail
5.8%
Financial Services
4.5%
Financials
4.3%
Consumer Discretionary
3.7%
Energy
2.5%
Utilities
1.8%
Real Estate
1.7%
Consumer Staples
1.6%
Materials
1.4%
Communications
1.1%
Consumer products
1.0%
Telecommunication
0.5%
Logistics & Transportation
0.4%
Packaging
0.2%
Diversified Consumer Services
0.0%
Other/Unmapped
16.6%

Full portfolio 826 positions

Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $137,603,294 5.59% 687,707 $19,328,702 Up ×1
IVV $134,565,797 5.47% 179,687 $61,216,193 Up ×1
LQD $127,378,926 5.17% 1,167,864 $6,250,274 Up ×2
AAPL Apple Inc. - Common Stock $123,333,623 5.01% 426,229 $16,120,545 Up ×1
MSFT Microsoft Corporation - Common Stock $81,710,777 3.32% 219,052 $2,159,023 Up ×1
USIG iShares Broad USD Investment Grade Corporate Bond ETF $76,922,024 3.12% 1,499,747 $-191,598,791 Down ×1
AMZN Amazon.com, Inc. - Common Stock $68,159,282 2.77% 285,975 $10,267,720 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $61,382,943 2.49% 171,763 $12,947,199 Up ×1
AVGO Broadcom Inc. - Common Stock $51,880,185 2.11% 137,340 $10,460,319 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $49,530,506 2.01% 140,182 $10,188,231 Up ×1
MU Micron Technology, Inc. - Common Stock $38,350,131 1.56% 33,224 $27,412,223 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $36,574,420 1.49% 64,930 $377,471 Up ×1
TSLA Tesla, Inc. - Common Stock $36,226,699 1.47% 86,131 $5,832,047 Up ×1
LLY Eli Lilly and Company Common Stock $28,233,383 1.15% 23,539 $6,881,842 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $27,818,618 1.13% 47,888 $18,325,557 Up ×1
BRKB $27,443,890 1.11% 54,845 $1,832,567 Up ×1
JPM JP Morgan Chase & Co. Common Stock $25,800,151 1.05% 78,820 $2,644,464 Up ×1
INTC Intel Corporation - Common Stock $18,051,227 0.73% 129,279 $12,408,721 Up ×1
JNJ Johnson & Johnson Common Stock $18,041,013 0.73% 71,036 $995,967 Up ×1
AMAT Applied Materials, Inc. - Common Stock $16,900,125 0.69% 23,375 $8,956,584 Up ×1
XOM Exxon Mobil Corporation Common Stock $16,774,040 0.68% 122,689 $-3,995,907 Up ×1
V Visa Inc. $16,702,994 0.68% 48,684 $1,960,331 Down ×2
LRCX Lam Research Corporation - Common Stock $15,965,611 0.65% 36,844 $8,192,233 Up ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $15,580,340 0.63% 297,278 $-2,044,973 Down ×1
WMT Walmart Inc. - Common Stock $14,652,559 0.60% 129,371 $-1,015,296 Up ×1
CAT Caterpillar, Inc. Common Stock $14,257,946 0.58% 13,389 $4,752,538 Down ×2
CSCO Cisco Systems, Inc. - Common Stock $14,078,638 0.57% 119,859 $4,946,916 Up ×1
ABBV AbbVie Inc. Common Stock $13,134,853 0.53% 52,197 $1,970,221 Up ×1
MA Mastercard Incorporated Common Stock $12,285,826 0.50% 23,921 $638,751 Up ×1
COST Costco Wholesale Corporation - Common Stock $12,278,044 0.50% 13,125 $-538,039 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $12,166,321 0.49% 29,272 $5,031,404 Up ×1
KLAC KLA Corporation - Common Stock $11,637,256 0.47% 38,571 $6,021,484 Up ×1
GE GE Aerospace Common Stock $11,380,078 0.46% 30,450 $2,826,966 Up ×1
BAC Bank of America Corporation Common Stock $11,127,795 0.45% 195,293 $1,734,450 Up ×1
HD Home Depot, Inc. (The) Common Stock $10,441,797 0.42% 29,607 $952,992 Up ×1
PG Procter & Gamble Company (The) Common Stock $10,080,913 0.41% 68,746 $249,893 Up ×1
SNDK Sandisk Corporation - Common Stock $9,670,174 0.39% 4,253 $7,187,901 Up ×1
KO Coca-Cola Company (The) Common Stock $9,397,900 0.38% 115,638 $827,978 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $9,371,634 0.38% 72,931 $589,141 Down ×2
GEV GE Vernova Inc. Common Stock $9,317,815 0.38% 7,931 $2,401,828 Up ×1
CVX Chevron Corporation Common Stock $9,063,923 0.37% 54,681 $-2,168,264 Up ×1
SPBO $9,058,389 0.37% 311,928 $-22,557,255 Down ×1
NFLX Netflix, Inc. - Common Stock $8,832,680 0.36% 123,707 $-2,975,021 Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock $8,598,668 0.35% 8,502 $1,395,909 Down ×2
PM Philip Morris International Inc Common Stock $8,381,198 0.34% 46,328 $916,924 Up ×1
WDC Western Digital Corporation - Common Stock $8,361,484 0.34% 13,091 $3,858,366 Down ×2
PANW Palo Alto Networks, Inc. - Common Stock $8,111,502 0.33% 23,786 $4,500,294 Up ×2
TXN Texas Instruments Incorporated - Common Stock $8,055,342 0.33% 27,025 $2,942,665 Up ×1
IBM International Business Machines Corporation Common Stock $7,780,237 0.32% 27,667 $1,245,403 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $7,660,241 0.31% 25,715 $5,179,831 Up ×1
PLTR Palantir Technologies Inc. - Class A Common Stock $7,578,067 0.31% 64,953 $-1,838,269 Up ×1
RTX RTX Corporation Common Stock $7,548,029 0.31% 39,783 $69,682 Up ×1
VTC Vanguard Total Corporate Bond ETF $7,529,395 0.31% 98,039 $-20,350,061 Down ×1
WFC Wells Fargo & Company Common Stock $7,463,136 0.30% 90,309 $211,541 Down ×2
ORCL Oracle Corporation Common Stock $7,335,707 0.30% 50,056 $160,123 Up ×1
C Citigroup, Inc. Common Stock $7,282,959 0.30% 52,036 $1,452,437 Up ×1
LIN Linde plc - Ordinary Shares $7,054,989 0.29% 13,595 $309,183 Down ×2
MS Morgan Stanley Common Stock $6,906,054 0.28% 33,037 $1,415,505 Down ×2
QCOM QUALCOMM Incorporated - Common Stock $6,760,912 0.27% 36,587 $2,068,169 Up ×1
APH Amphenol Corporation Common Stock $6,397,419 0.26% 36,283 $1,930,062 Up ×1
GLW Corning Incorporated Common Stock $5,929,807 0.24% 23,215 $2,854,574 Up ×1
AMGN Amgen Inc. - Common Stock $5,791,747 0.24% 15,994 $181,851 Up ×1
ADI Analog Devices, Inc. - Common Stock $5,772,469 0.23% 14,534 $1,198,570 Up ×1
MCD McDonald's Corporation Common Stock $5,745,709 0.23% 21,256 $-691,995 Up ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $5,611,368 0.23% 7,353 $2,814,861 Up ×1
PEP PepsiCo, Inc. - Common Stock $5,517,144 0.22% 40,747 $-648,956 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $5,495,407 0.22% 10,961 $118,069 Up ×1
NEE NextEra Energy, Inc. Common Stock $5,444,812 0.22% 62,035 $-169,970 Up ×1
VZ Verizon Communications Inc. Common Stock $5,317,354 0.22% 125,587 $-887,316 Up ×1
AXP American Express Company Common Stock $5,294,627 0.22% 15,653 $561,117 Up ×1
CVS CVS Health Corporation Common Stock $5,258,157 0.21% 50,828 $2,593,420 Up ×1
ANET Arista Networks, Inc. Common Stock $5,211,239 0.21% 30,676 $1,542,081 Up ×1
DIS Walt Disney Company (The) Common Stock $5,084,406 0.21% 52,825 $26,866 Up ×1
TJX TJX Companies, Inc. (The) Common Stock $5,038,890 0.20% 33,260 $-135,869 Up ×1
ETN Eaton Corporation, PLC Ordinary Shares $4,965,576 0.20% 11,653 $903,875 Up ×1
BA Boeing Company (The) Common Stock $4,863,648 0.20% 22,468 $552,658 Up ×1
UNP Union Pacific Corporation Common Stock $4,836,976 0.20% 17,783 $632,371 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $4,749,512 0.19% 11,008 $3,238,367 Up ×1
GILD Gilead Sciences, Inc. - Common Stock $4,678,623 0.19% 37,032 $-713,184 Down ×2
ABT Abbott Laboratories Common Stock $4,672,203 0.19% 51,490 $-479,264 Up ×1
WELL Welltower Inc. Common Stock $4,640,856 0.19% 20,447 $702,473 Up ×1
DE Deere & Company Common Stock $4,608,407 0.19% 7,265 $621,370 Up ×1
BMY Bristol-Myers Squibb Company Common Stock $4,588,396 0.19% 79,632 $857,693 Up ×1
BKNG Booking Holdings Inc. - Common Stock $4,503,234 0.18% 25,265 $65,557 Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $4,445,661 0.18% 48,181 $-201,932 Down ×2
BLK BlackRock, Inc. Common Stock $4,362,598 0.18% 4,537 $111,840 Up ×1
ISRG Intuitive Surgical, Inc. - Common Stock $4,174,049 0.17% 10,496 $-540,957 Up ×1
UBER Uber Technologies, Inc. Common Stock $4,167,529 0.17% 57,754 $-27,716 Down ×2
T AT&T Inc. $4,134,142 0.17% 199,717 $-1,671,569 Down ×2
EXPE Expedia Group, Inc. - Common Stock $4,102,524 0.17% 16,033 $1,885,980 Up ×1
PFE Pfizer, Inc. Common Stock $4,067,786 0.17% 168,928 $-1,085,568 Down ×2
NEM Newmont Corporation $3,882,638 0.16% 41,570 $437,365 Up ×1
SBUX Starbucks Corporation - Common Stock $3,832,738 0.16% 37,506 $880,837 Up ×1
COP ConocoPhillips Common Stock $3,825,104 0.16% 36,794 $-957,124 Up ×1
PGR Progressive Corporation (The) Common Stock $3,806,491 0.15% 17,425 $441,169 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $3,787,484 0.15% 11,312 $1,025,591 Up ×1
MO Altria Group, Inc. $3,785,074 0.15% 52,607 $560,275 Up ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $3,748,821 0.15% 7,547 $422,098 Up ×1
FTNT Fortinet, Inc. - Common Stock $3,747,406 0.15% 24,394 $2,241,061 Up ×1
PLD Prologis, Inc. Common Stock $3,736,534 0.15% 27,582 $184,725 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
AGG $2,619,011 26,460 0.11%
BE $2,391,027 7,899 0.10%
CRDO $1,320,045 4,854 0.05%
CRWV $1,020,982 10,257 0.04%
Unknown issuer (CUSIP: 866966104) $905,051 12,098 0.04%
STRL $742,834 885 0.03%
AMCR $594,155 13,706 0.02%
FN $592,994 1,055 0.02%
IONQ $576,060 10,816 0.02%
GH $562,763 3,751 0.02%
TTMI $561,434 3,002 0.02%
NXT $519,689 4,362 0.02%
MDLN $501,716 12,721 0.02%
CDE $494,219 30,283 0.02%
SITM $488,342 655 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
USIG Trimmed -3.7M -$191.6M
IVV Bought more +67K +$61.2M
MU Bought more +848 +$27.4M
SPBO Trimmed -777K -$22.6M
VTC Trimmed -265K -$20.4M
NVDA Bought more +10K +$19.3M
AMD Bought more +1K +$18.3M
AAPL Bought more +4K +$16.1M
GOOGL Bought more +3K +$12.9M
INTC Bought more +1K +$12.4M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
HON June 30, 2026 18,423 $4,164,151 -1.9%
EXAS March 31, 2026 15,949 $1,619,780 No longer tracked
CHWY June 30, 2026 51,183 $1,381,941 20.6%
CCL June 30, 2026 31,240 $808,491 -10.1%
DD June 30, 2026 16,742 $766,784 3.3%
CTRA June 30, 2026 21,804 $766,193 No longer tracked
AMCR March 31, 2026 79,041 $659,202 21.1%
HOLX June 30, 2026 6,521 $492,922 No longer tracked
CMA March 31, 2026 4,515 $392,489 No longer tracked
Z March 31, 2026 5,725 $390,560 -13.8%
DAY March 31, 2026 5,283 $365,372 No longer tracked
QGENXXXX March 31, 2026 7,555 $339,748 No longer tracked
JEF March 31, 2026 5,434 $336,745 27.1%
PLNT March 31, 2026 2,971 $322,264 -28.2%
FYBR March 31, 2026 8,436 $321,159 No longer tracked
MOH March 31, 2026 1,839 $319,140 48.7%
RBRK March 31, 2026 4,112 $314,486 96.8%
RGEN March 31, 2026 1,849 $302,977 49.9%
LAD March 31, 2026 900 $299,097 48.8%
CFLT March 31, 2026 9,820 $296,957 No longer tracked
PCOR March 31, 2026 4,063 $295,543 9.2%
TPG March 31, 2026 4,585 $292,706 30.2%
CRBG March 31, 2026 9,566 $288,606 34.0%
OMF March 31, 2026 4,214 $284,656 17.9%
POOL March 31, 2026 1,235 $282,506 -5.5%
PAYC March 31, 2026 1,761 $280,633 85.4%
CART March 31, 2026 6,129 $275,682 34.1%
LNC March 31, 2026 6,011 $267,670 20.3%
G March 31, 2026 5,709 $267,067 0.2%
CELH March 31, 2026 5,808 $265,658 -8.9%
MIDD March 31, 2026 1,785 $265,376 -15.3%
PNFP March 31, 2026 2,703 $257,893 18.7%
VOYA March 31, 2026 3,400 $253,266 44.0%
CHDN March 31, 2026 2,225 $253,160 3.0%
BROS March 31, 2026 4,115 $251,920 -2.9%
QRVO March 31, 2026 2,969 $250,910 24.5%
AXTA March 31, 2026 7,719 $249,401 30.7%
SNV March 31, 2026 4,903 $245,395 No longer tracked
ESTC March 31, 2026 3,204 $241,710 68.5%
STAG March 31, 2026 6,572 $241,587 1.6%
MTG March 31, 2026 8,259 $241,328 18.0%
PCTY March 31, 2026 1,568 $239,120 40.1%
CBSH March 31, 2026 4,566 $239,008 19.9%
CHRD June 30, 2026 1,677 $238,436 30.7%
OLLI March 31, 2026 2,168 $237,634 -18.7%
AL March 31, 2026 3,686 $236,752 No longer tracked
EXLS March 31, 2026 5,565 $236,179 22.0%
WING March 31, 2026 989 $235,867 -26.3%
MKTX March 31, 2026 1,298 $235,262 -1.7%
MOS June 30, 2026 9,224 $235,212 12.0%
HRL March 31, 2026 9,918 $235,057 5.8%
EXP March 31, 2026 1,136 $234,788 8.1%
MASI June 30, 2026 1,318 $234,433 No longer tracked
DUOL March 31, 2026 1,328 $233,064 47.1%
THG March 31, 2026 1,267 $231,570 29.2%
MP March 31, 2026 4,579 $231,331 19.1%
FND March 31, 2026 3,765 $229,251 7.8%
H March 31, 2026 1,424 $228,296 26.9%
MAT March 31, 2026 11,366 $225,501 1.5%
ESAB March 31, 2026 2,004 $223,887 -19.6%
PB March 31, 2026 3,197 $220,945 8.7%
KD March 31, 2026 8,206 $217,951 -5.4%
CHE March 31, 2026 505 $216,069 40.9%
FBIN March 31, 2026 4,313 $215,736 15.7%
MTDR June 30, 2026 3,414 $215,697 17.6%
LEA March 31, 2026 1,875 $214,875 6.1%
SEE March 31, 2026 5,148 $213,282 No longer tracked
EPAM June 30, 2026 1,575 $213,255 34.8%
BSY March 31, 2026 5,550 $211,816 2.3%
FAF March 31, 2026 3,438 $211,231 20.0%
M March 31, 2026 9,547 $210,511 26.0%
INGR June 30, 2026 1,867 $210,336 13.4%
CE June 30, 2026 3,196 $210,201 2.2%
JHG March 31, 2026 4,391 $208,880 No longer tracked
GXO March 31, 2026 3,959 $208,402 -11.5%
MSA March 31, 2026 1,299 $208,022 14.6%
GAP March 31, 2026 8,079 $206,822 -17.1%
VNO March 31, 2026 6,210 $206,669 48.2%
DOX June 30, 2026 3,165 $206,548 20.5%
DOCS March 31, 2026 4,648 $205,813 9.5%
TAP June 30, 2026 4,777 $205,698 8.8%
HXL March 31, 2026 2,779 $205,368 16.9%
BFAM March 31, 2026 2,018 $204,625 -11.0%
ALK March 31, 2026 4,062 $204,319 10.4%
NXST March 31, 2026 1,005 $204,065 2.8%
HRB March 31, 2026 4,654 $202,821 65.3%
KMX March 31, 2026 5,245 $202,667 48.1%
BIO March 31, 2026 664 $201,185 34.1%
AN March 31, 2026 971 $200,492 2.9%
SLM March 31, 2026 7,401 $200,271 22.8%
HR March 31, 2026 11,633 $197,179 14.4%
GPK March 31, 2026 10,331 $155,585 17.5%
S March 31, 2026 10,298 $154,470 59.0%
COLD March 31, 2026 10,046 $129,192 32.1%
WU March 31, 2026 11,413 $106,255 -16.6%
GTM March 31, 2026 10,402 $105,788 -35.2%
NWL June 30, 2026 12,189 $41,808 -5.2%
CLVT June 30, 2026 10,965 $27,741 -4.9%
COTY June 30, 2026 10,311 $20,725 25.9%