South Dakota Investment Council

CIK 1538846 · View on SEC EDGAR ↗

Portfolio value
$5.8M
#9,019 of 9,443 by 13F value · top 95.5%
Positions
621
As of
June 30, 2026

Portfolio value QoQ: +11.3% 13F does not disclose cash

Top 10 holdings weight
37.86%
Top 25 holdings weight
50.18%
Positions above 1%
13
Effective number of positions
42.7

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

Turnover Q2 2026: 9.22% Est. buys $533,445 · sells $511,065

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 82.1% still held

New positions
34
Increased
158
Decreased
306
Closed
35
On this page

Sector breakdown

Technology
20.2%
Health Care
10.3%
Industrials
8.8%
Communication Services
6.2%
Financials
6.1%
Energy
5.7%
Retail
5.0%
Financial Services
3.4%
Consumer Discretionary
2.7%
Consumer Staples
1.7%
Utilities
1.7%
Materials
1.4%
Consumer products
1.3%
Logistics & Transportation
0.7%
Packaging
0.4%
Telecommunication
0.4%
Communications
0.4%
Real Estate
0.3%
Diversified Consumer Services
0.3%
Paper & Forest
0.2%
Other/Unmapped
22.9%

Full portfolio 621 positions

Type Streak 8Q trend
VWO $616,988 10.57% 10,336,538 $41,788 Down ×4
AGG $341,821 5.86% 3,453,435 $16,976 Up ×3
NVDA NVIDIA Corporation - Common Stock $267,854 4.59% 1,338,670 $52,751 Up ×4
AAPL Apple Inc. - Common Stock $215,558 3.69% 744,947 $25,292 Down ×6
VCSH Vanguard Short-Term Corporate Bond ETF $186,125 3.19% 2,355,122 $44,600 Up ×2
MSFT Microsoft Corporation - Common Stock $171,136 2.93% 458,784 $401 Down ×1
AMZN Amazon.com, Inc. - Common Stock $134,558 2.31% 564,563 $13,956 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $108,855 1.86% 304,600 $15,589 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $92,759 1.59% 262,529 $15,651 Down ×1
USHY $74,281 1.27% 2,006,500 $1,964 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $68,232 1.17% 121,131 $1,531 Up ×3
VTOL Bristow Group, Inc. Common Stock $66,261 1.14% 1,603,618 $-25,917 Down ×6
AVGO Broadcom Inc. - Common Stock $61,454 1.05% 162,684 $20,591 Up ×3
AMD Advanced Micro Devices, Inc. - Common Stock $55,753 0.96% 95,975 $35,505 Down ×4
BRKB $54,029 0.93% 107,973 $1,146 Down ×1
AMAT Applied Materials, Inc. - Common Stock $50,269 0.86% 69,528 $22,573 Down ×4
LLY Eli Lilly and Company Common Stock $49,533 0.85% 41,297 $7,959 Down ×6
BBWI Bath & Body Works, Inc. $43,806 0.75% 1,893,888 $11,021 Up ×6
ZTS Zoetis Inc. Class A Common Stock $42,405 0.73% 590,102 $16,302 Up ×3
USB U.S. Bancorp Common Stock $42,342 0.73% 701,020 $4,666 Down ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $39,064 0.67% 93,988 $-7,879 Down ×1
ELV Elevance Health, Inc. Common Stock $38,996 0.67% 100,835 $3,520 Down ×1
EG Everest Group, Ltd. Common Stock $36,792 0.63% 102,992 $3,476 Up ×3
MU Micron Technology, Inc. - Common Stock $36,100 0.62% 31,275 $23,263 Down ×5
TXN Texas Instruments Incorporated - Common Stock $34,304 0.59% 115,087 $8,264 Down ×2
COP ConocoPhillips Common Stock $34,070 0.58% 327,723 $-6,032 Up ×1
V Visa Inc. $32,906 0.56% 95,912 $3,481 Down ×5
LRCX Lam Research Corporation - Common Stock $32,337 0.55% 74,624 $16,316 Down ×4
HUM Humana Inc. Common Stock $31,339 0.54% 78,896 $-8,383 Down ×1
CDW CDW Corporation - Common Stock $30,748 0.53% 218,632 $20,724 Up ×3
UPS United Parcel Service, Inc. Common Stock $30,171 0.52% 280,661 $3,488 Up ×6
INTC Intel Corporation - Common Stock $30,108 0.52% 215,629 $18,671 Down ×4
MOH Molina Healthcare Inc Common Stock $29,794 0.51% 130,276 $7,359 Down ×1
PFE Pfizer, Inc. Common Stock $28,080 0.48% 1,166,118 $-5,696 Down ×6
CMCSA Comcast Corporation - Class A Common Stock $26,943 0.46% 1,097,490 $-898 Up ×6
RGA Reinsurance Group of America, Incorporated Common Stock $26,928 0.46% 126,629 $2,749 Up ×1
WFC Wells Fargo & Company Common Stock $26,075 0.45% 315,522 $5,696 Up ×2
IQV IQVIA Holdings, Inc. Common Stock $26,021 0.45% 134,669 $5,189 Up ×2
MA Mastercard Incorporated Common Stock $25,806 0.44% 50,246 $561 Down ×1
CHTR Charter Communications, Inc. - Class A Common Stock $25,717 0.44% 180,839 $8,570 Up ×4
EOG EOG Resources, Inc. Common Stock $24,788 0.42% 191,076 $-3,352 Down ×2
ALK Alaska Air Group, Inc. Common Stock $24,194 0.41% 463,482 $7,707 Up ×5
RNR RenaissanceRe Holdings Ltd. Common Stock $22,343 0.38% 70,505 $8,417 Up ×1
OXY Occidental Petroleum Corporation Common Stock $22,102 0.38% 455,056 $-3,447 Up ×1
ACGL Arch Capital Group Ltd. - Common Stock $21,890 0.37% 225,526 $117 Down ×1
DHR Danaher Corporation Common Stock $21,833 0.37% 114,619 $5,629 Up ×2
MRK Merck & Company, Inc. Common Stock (new) $21,416 0.37% 166,665 $-232 Down ×4
SLB SLB Limited Common Shares $20,775 0.36% 446,879 $-4,710 Down ×3
STZ Constellation Brands, Inc. Common Stock $20,321 0.35% 146,098 $-1,810 Down ×2
Unknown issuer (CUSIP: 30233Q108) $19,952 0.34% 145,930 Up ×1
ZBH Zimmer Biomet Holdings, Inc. Common Stock $19,601 0.34% 227,685 $2,647 Up ×6
MDT Medtronic plc. Ordinary Shares $19,506 0.33% 249,346 $8,183 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $19,351 0.33% 38,598 $718 Up ×2
TSLA Tesla, Inc. - Common Stock $19,085 0.33% 45,376 $1,972 Down ×6
APA APA Corporation - Common Stock $18,818 0.32% 577,758 $-6,520 Down ×4
LOW Lowe's Companies, Inc. Common Stock $18,655 0.32% 84,606 $5,375 Up ×2
GNRC Generac Holdlings Inc. Common Stock $18,268 0.31% 62,390 $4,763 Down ×1
C Citigroup, Inc. Common Stock $18,140 0.31% 129,610 $760 Down ×6
JPM JP Morgan Chase & Co. Common Stock $17,888 0.31% 54,648 $1,601 Down ×6
FANG Diamondback Energy, Inc. - Common Stock $17,772 0.30% 101,106 $-2,428 Down ×2
HAL Halliburton Company Common Stock $17,771 0.30% 523,434 $-3,631 Down ×4
JNJ Johnson & Johnson Common Stock $17,250 0.30% 67,922 $-1,240 Down ×5
GEHC GE HealthCare Technologies Inc. - Common Stock $16,662 0.29% 260,303 $6,396 Up ×1
DE Deere & Company Common Stock $16,477 0.28% 25,976 $1,774 Down ×6
NLY Annaly Capital Management Inc. Common Stock $16,324 0.28% 730,038 $8,774 Up ×1
DIS Walt Disney Company (The) Common Stock $16,175 0.28% 168,057 $-58 Down ×1
FISV Fiserv, Inc. - Common Stock $15,978 0.27% 325,742 $4,005 Up ×4
DUK Duke Energy Corporation (Holding Company) Common Stock $15,722 0.27% 124,207 $-542
HPQ HP Inc. Common Stock $15,694 0.27% 715,294 $1,953
SOLV Solventum Corporation Common Stock $15,693 0.27% 203,403 $2,397 Down ×1
SW Smurfit WestRock plc Ordinary Shares $15,575 0.27% 336,694 $2,764 Up ×1
EQH Equitable Holdings, Inc. Common Stock $15,472 0.27% 352,587 $1,457 Down ×1
VT $15,370 0.26% 97,932
LKQ LKQ Corporation - Common Stock $15,358 0.26% 583,306 $-1,796 Down ×1
TGT Target Corporation Common Stock $15,039 0.26% 115,141 $-11,737 Down ×5
ARW Arrow Electronics, Inc. Common Stock $14,982 0.26% 70,201 $1,897 Down ×2
LBRT Liberty Energy Inc. Class A common stock $14,928 0.26% 569,982 $-6,591 Down ×3
CNC Centene Corporation Common Stock $14,789 0.25% 230,390 $-3,697 Down ×2
WCC WESCO International, Inc. Common Stock $14,564 0.25% 42,163 $2,852 Down ×3
PVH PVH Corp. Common Stock $14,462 0.25% 194,751 $-3,575 Down ×1
UBER Uber Technologies, Inc. Common Stock $14,283 0.24% 197,942 $11,666 Up ×2
MTDR Matador Resources Company Common Stock $14,202 0.24% 285,302 $-4,390 Down ×2
NOW ServiceNow, Inc. Common Stock $13,945 0.24% 140,464 $5,979 Up ×3
TFC Truist Financial Corporation Common Stock $13,909 0.24% 279,182 $1,034 Down ×4
LYB LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) $13,896 0.24% 263,937 $-9,746 Down ×2
PYPL PayPal Holdings, Inc. - Common Stock $13,824 0.24% 320,157 $-946 Down ×6
PG Procter & Gamble Company (The) Common Stock $13,819 0.24% 94,240 $301 Up ×6
RTX RTX Corporation Common Stock $13,198 0.23% 69,564 $-318 Down ×6
MCHP Microchip Technology Incorporated - Common Stock $13,036 0.22% 142,939 $1,609 Down ×5
CHRD Chord Energy Corporation - Common Stock $13,014 0.22% 113,859 $-5,880 Down ×2
UNP Union Pacific Corporation Common Stock $12,996 0.22% 47,781 $1,384 Down ×3
QCOM QUALCOMM Incorporated - Common Stock $12,980 0.22% 70,242 $3,902 Down ×3
VZ Verizon Communications Inc. Common Stock $12,907 0.22% 304,850 $-2,413 Down ×4
GPN Global Payments Inc. Common Stock $12,823 0.22% 176,718 $900 Down ×1
CVX Chevron Corporation Common Stock $12,674 0.22% 76,460 $-3,697 Down ×3
ADBE Adobe Inc. - Common Stock $12,585 0.22% 61,383 $449 Up ×2
CLX Clorox Company (The) Common Stock $12,539 0.21% 131,384 $3,178 Up ×4
INTU Intuit Inc. - Common Stock $12,423 0.21% 47,599 $4,681 Up ×2
ACN Accenture plc Class A Ordinary Shares (Ireland) $12,336 0.21% 99,133 $-1,634 Up ×6
CVS CVS Health Corporation Common Stock $12,302 0.21% 118,914 $-1,268 Down ×4

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
AGG $341,821 5.86% up ×3
NVDA $267,854 4.59% up ×4
META $68,232 1.17% up ×3
AVGO $61,454 1.05% up ×3
BBWI $43,806 0.75% up ×6
ZTS $42,405 0.73% up ×3
EG $36,792 0.63% up ×3
CDW $30,748 0.53% up ×3
UPS $30,171 0.52% up ×6
CMCSA $26,943 0.46% up ×6
CHTR $25,717 0.44% up ×4
ALK $24,194 0.41% up ×5
ZBH $19,601 0.34% up ×6
FISV $15,978 0.27% up ×4
NOW $13,945 0.24% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 30233Q108) $19,952 145,930 0.34%
VT $15,370 97,932 0.26%
BSX $11,445 268,163 0.20%
ENTG $10,502 58,389 0.18%
AEIS $7,613 20,418 0.13%
Unknown issuer (CUSIP: 43849R105) $7,422 33,571 0.13%
Unknown issuer (CUSIP: 438516205) $7,069 31,571 0.12%
LECO $3,258 12,271 0.06%
MTZ $2,568 6,173 0.04%
SCSC $2,211 42,455 0.04%
Unknown issuer (CUSIP: 314352105) $1,918 12,703 0.03%
PLAB $1,749 53,762 0.03%
MRVL $1,728 5,800 0.03%
PENG $1,725 22,700 0.03%
ACMR $1,673 13,185 0.03%

Top movers (QoQ)

Security Action Shares Δ Value Δ
NVDA Bought more +105K +$53K
VCSH Bought more +570K +$45K
VWO Trimmed -305K +$42K
AMD Trimmed -4K +$36K
VTOL Trimmed -362K -$26K
AAPL Trimmed -5K +$25K
MU Trimmed -7K +$23K
AMAT Trimmed -12K +$23K
CDW Bought more +136K +$21K
AVGO Bought more +31K +$21K

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
HES Sept. 30, 2025 191,479 $26,528 No longer tracked
XOM June 30, 2026 152,510 $25,875 21.7%
VT Sept. 30, 2025 115,591 $14,856 No longer tracked
HON June 30, 2026 63,142 $14,272 -1.9%
COOP Dec. 31, 2025 53,444 $11,265 No longer tracked
VRN June 30, 2025 1,680,331 $11,124 No longer tracked
X June 30, 2025 246,510 $10,418 No longer tracked
WBA Sept. 30, 2025 773,562 $8,880 No longer tracked
BRY June 30, 2025 1,958,864 $6,288 No longer tracked
INCY Sept. 30, 2025 82,381 $5,610 50.4%
IBKR Sept. 30, 2025 97,135 $5,382 34.6%
HOOD Sept. 30, 2025 55,560 $5,202 -25.8%
COHR June 30, 2026 21,001 $5,003 -23.7%
HBI Dec. 31, 2025 754,628 $4,973 No longer tracked
WOLF June 30, 2025 1,591,056 $4,869
CASY June 30, 2026 6,582 $4,791 5.5%
GVA June 30, 2026 39,138 $4,692 -21.5%
BANC March 31, 2025 282,737 $4,371 32.9%
AMED Sept. 30, 2025 40,841 $4,018 No longer tracked
WBD March 31, 2026 129,548 $3,734 3.5%
GEO Sept. 30, 2025 138,500 $3,317 55.9%
MTCH June 30, 2026 105,898 $3,252 5.2%
LNC Sept. 30, 2025 92,130 $3,188 5.9%
MASI June 30, 2026 17,568 $3,125 No longer tracked
BGC March 31, 2025 341,963 $3,098 26.9%
ALLY Sept. 30, 2025 76,685 $2,987 9.7%
DIN Sept. 30, 2025 118,606 $2,886 39.9%
CRBG June 30, 2025 85,280 $2,692 -9.9%
PLMR June 30, 2026 21,319 $2,548 2.0%
RMBS June 30, 2026 28,613 $2,462 -30.7%
BERY June 30, 2025 34,281 $2,393 No longer tracked
WNC March 31, 2025 125,964 $2,158 8.8%
CRK June 30, 2026 101,726 $2,144 -6.8%
AZPN March 31, 2025 8,317 $2,076 No longer tracked
MYRG March 31, 2025 13,891 $2,067 183.3%
CIVI March 31, 2026 75,697 $2,051 No longer tracked
CMA March 31, 2026 22,274 $1,936 No longer tracked
HQY March 31, 2025 19,876 $1,907 17.2%
FOUR Sept. 30, 2025 18,300 $1,814 -39.0%
MRC Dec. 31, 2025 113,971 $1,643 No longer tracked
URBN March 31, 2025 29,000 $1,592 43.6%
LPLA June 30, 2026 5,147 $1,548 27.3%
CIEN Dec. 31, 2025 10,242 $1,492 70.9%
ENTG Sept. 30, 2025 16,671 $1,345 56.7%
FYBR March 31, 2026 34,752 $1,323 No longer tracked
CI June 30, 2025 3,962 $1,303 -16.3%
SF June 30, 2026 16,045 $1,186 16.7%
SWX March 31, 2025 16,373 $1,158 27.5%
PENGXXXX June 30, 2025 65,792 $1,143 No longer tracked
VNT June 30, 2026 32,003 $1,135 13.1%
SEE June 30, 2026 24,870 $1,046 No longer tracked
TXNM June 30, 2025 19,115 $1,022 1.9%
ONTO Sept. 30, 2025 10,000 $1,009 132.9%
WWD Sept. 30, 2025 4,053 $993 36.4%
LITE Dec. 31, 2025 6,000 $976 149.7%
MSA Dec. 31, 2025 5,334 $918 17.3%
SNCY June 30, 2026 55,160 $911 No longer tracked
MRCY March 31, 2025 21,678 $910 118.1%
AMKR Sept. 30, 2025 40,593 $852 79.2%
HOLX June 30, 2026 11,000 $831 No longer tracked
RDN March 31, 2025 24,931 $791 11.3%
CRI Sept. 30, 2025 25,990 $783 30.7%
CADE June 30, 2025 25,000 $759 No longer tracked
LAD Dec. 31, 2025 2,395 $757 11.8%
BKE Sept. 30, 2025 15,900 $721 -24.9%
GTLS June 30, 2026 3,370 $697 No longer tracked
PLNT June 30, 2025 7,172 $693 -51.0%
MGM June 30, 2026 18,500 $685 -9.6%
CBRL June 30, 2025 17,400 $675 -8.0%
SW June 30, 2025 14,914 $672 13.2%
CAL June 30, 2025 38,500 $663 9.0%
WSM Sept. 30, 2025 4,047 $661 21.0%
CFWFF Dec. 31, 2025 265,210 $660 No longer tracked
AMR March 31, 2026 3,258 $651 3.1%
MTSI Dec. 31, 2025 5,000 $622 57.6%
SHW March 31, 2025 1,822 $619 -0.3%
ARCB Dec. 31, 2025 8,600 $601 88.6%
ALE Sept. 30, 2025 8,795 $563 No longer tracked
GMS June 30, 2025 7,400 $541 No longer tracked
PCTY March 31, 2025 2,714 $541 -19.2%
AVT Sept. 30, 2025 10,000 $531 68.0%
WDC Dec. 31, 2025 4,267 $512 173.1%
CRK March 31, 2025 25,707 $468 -31.7%
LPG Sept. 30, 2025 19,100 $466 73.6%
CHRW Dec. 31, 2025 3,477 $460 -10.0%
ECL March 31, 2025 1,895 $444 10.8%
GLW March 31, 2025 9,147 $435 235.4%
BRKR June 30, 2026 12,000 $433 -2.1%
ULTA Sept. 30, 2025 850 $398 -5.2%
VAC June 30, 2025 6,046 $388 52.7%
ANSS Sept. 30, 2025 1,100 $386 No longer tracked
HI March 31, 2026 11,949 $379 No longer tracked
SMPL June 30, 2026 26,063 $374 -17.9%
MNST Sept. 30, 2025 5,795 $363 -29.3%
AVTR June 30, 2026 45,000 $353 43.3%
EA Dec. 31, 2025 1,650 $333 No longer tracked
TGNA March 31, 2026 16,203 $315 No longer tracked
IPG Dec. 31, 2025 10,700 $299 No longer tracked
HIMS June 30, 2025 9,500 $281 -35.0%
CTRA June 30, 2026 7,863 $276 No longer tracked
JBL Dec. 31, 2025 1,201 $261 39.9%
FNF June 30, 2025 4,000 $260 -11.9%
TER March 31, 2025 2,000 $252 353.4%
DAN March 31, 2025 21,373 $247 137.5%
MATX June 30, 2025 1,814 $233 98.9%
QDEL June 30, 2026 13,633 $224 -17.8%
ZBRA March 31, 2025 548 $212 27.3%
CLF June 30, 2026 24,321 $206 23.3%
KMB June 30, 2025 1,400 $199 -15.9%
ROK March 31, 2026 500 $195 21.7%
PARA Sept. 30, 2025 14,782 $191
KR June 30, 2025 2,800 $190 -20.5%
ALLE Sept. 30, 2025 1,300 $187 -8.7%
CNQ March 31, 2026 5,300 $179 5.1%
HAIN March 31, 2025 27,900 $172 -84.0%
PLAB Sept. 30, 2025 8,986 $169 33.8%
KSS March 31, 2025 11,500 $161 115.5%
AKAM Dec. 31, 2025 2,000 $152 26.1%
SNDK Dec. 31, 2025 1,128 $127 576.1%
YELP June 30, 2026 5,100 $126 -5.3%
DD June 30, 2026 2,718 $124 3.3%
ASTH Dec. 31, 2025 4,356 $123 57.8%
ENSG June 30, 2026 581 $117 12.4%
CRC Dec. 31, 2025 2,140 $114 19.8%
HCC June 30, 2026 1,172 $109 32.4%
IP Dec. 31, 2025 2,197 $102 3.8%
EQT March 31, 2025 2,200 $101 0.8%
RRC June 30, 2025 2,524 $101 0.1%
ADUS March 31, 2025 800 $100 22.4%
TPH June 30, 2026 1,984 $93 No longer tracked
ADMA June 30, 2026 9,500 $86 17.2%
RL Sept. 30, 2025 300 $82 20.6%
OPTU Sept. 30, 2025 35,422 $76 -64.7%
TPR March 31, 2026 567 $72 -7.4%
AMN March 31, 2026 4,125 $65 88.6%
RJF Sept. 30, 2025 400 $61 1.6%
TJX June 30, 2026 300 $48 -6.8%
AMWD Dec. 31, 2025 648 $43 No longer tracked
RUN June 30, 2025 6,761 $40 15.2%
WDS Sept. 30, 2025 2,500 $39 61.7%
BRBR June 30, 2026 2,392 $38 -20.6%
OMCL June 30, 2025 907 $32 20.0%
RL March 31, 2025 115 $27 71.3%
EXE Sept. 30, 2025 157 $18 -10.3%
LII March 31, 2025 18 $11 -27.6%
SRPT Sept. 30, 2025 653 $11 1.5%
CTRA Sept. 30, 2025 410 $10 No longer tracked
NEOG June 30, 2025 1,118 $10 148.3%
WBS June 30, 2026 149 $10 1.5%
CHX Sept. 30, 2025 329 $8 No longer tracked
HAS June 30, 2026 90 $8 13.7%
OXYWS March 31, 2025 287 $8 No longer tracked
MAGN June 30, 2026 683 $6 4.9%