South Dakota Investment Council

CIK

1538846

Location

SIOUX FALLS, SD

Portfolio Value

Mid $4,042,637,049

Diversification

Diversified

Filing Date

Global Rank

#774 / 8,622 ▲ 17 · as of Mar 2026

Top Industry

Semiconductors 9.1%

3Y Alpha vs SPY

-2.7%

Period ended 4 months ago

Filed May 18, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+62.1%

SPY

+67.9%

Annualised alpha

-1.4%

Max drawdown

−19.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

612 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.3%

−0.0 pts

Top 5

19.5%

−1.7 pts

Top 10

27.0%

−2.6 pts

HHI

121

Diversified−15

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.7%	$998,917,487	85
Healthcare	13.7%	$554,347,313	75
Financial Services	13.2%	$534,024,010	90
Energy	10.9%	$439,063,058	34
Industrials	10.2%	$411,188,062	101
Consumer Cyclical	9.9%	$400,357,203	79
Communication Services	6.7%	$271,675,794	25
Consumer Defensive	5.2%	$209,183,145	44
Basic Materials	2.6%	$106,208,149	37
Utilities	2.4%	$98,149,165	40
Unclassified	0.3%	$11,973,452	1
Real Estate	0.2%	$7,550,211	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VSAT	Viasat Inc	+161,552	336,056	$15,391,364
ARMK	Aramark	+112,005	174,855	$7,088,621
HPQ	Hp Inc	+111,475	715,294	$13,740,797
NVDA	Nvidia Corp	+109,725	1,233,387	$215,102,692
ZTS	Zoetis Inc.	+96,234	220,819	$26,103,013
HRB	H&R Block Inc	+84,964	97,465	$3,093,539
NKE	NIKE, Inc.	+80,300	208,477	$11,011,755
NCLH	Norwegian Cruise Line Holdings Ltd.	+78,500	288,175	$5,388,872
MTG	Mgic Investment Corp	+76,800	335,644	$8,810,655
LPX	Louisiana-Pacific Corp	+76,165	97,832	$7,117,278
GNTX	Gentex Corp	+75,996	421,137	$9,201,843
NOW	ServiceNow, Inc.	+72,692	76,192	$7,965,873
FIS	Fidelity National Information Services, Inc.	+72,040	228,021	$10,696,465
BBWI	Bath & Body Works, Inc.	+71,255	1,756,048	$32,785,416
NFLX	Netflix Inc	+69,098	85,022	$8,174,865
HUM	Humana Inc	+67,707	229,090	$39,721,915
CARR	CARRIER GLOBAL Corp	+66,068	94,081	$5,297,701
CDW	CDW Corp	+65,968	82,833	$10,024,449
MOH	Molina Healthcare, Inc.	+64,985	168,307	$22,435,323
WTRG	Essential Utilities, Inc.	+63,062	150,968	$6,079,481
EQH	Equitable Holdings, Inc.	+58,506	377,662	$14,015,036
RDN	Radian Group Inc	+50,026	226,629	$7,496,887
NMIH	NMI Holdings, Inc.	+49,256	243,319	$9,126,895
PPC	Pilgrims Pride Corp	+45,300	111,201	$4,198,949
MP	MP Materials Corp. / DE	+43,400	51,809	$2,500,302
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VTOL	Bristow Group Inc.	−801,900	1,965,845	$92,178,472
CLF	Cleveland-Cliffs Inc.	−632,145	24,321	$205,512
CENX	Century Aluminum Co	−286,874	30,487	$1,789,282
APA	APA Corp	−210,124	597,035	$25,338,165
BMY	Bristol Myers Squibb Co	−170,538	176,867	$10,726,983
LBRT	Liberty Energy Inc.	−159,414	747,194	$21,519,187
SNCY	Sun Country Airlines Holdings, LLC	−150,290	55,160	$911,243
HAL	Halliburton Co	−138,068	548,909	$21,401,961
DOW	Dow Inc.	−118,400	73,481	$3,060,483
CSX	Csx Corp	−98,856	366,377	$15,039,775
DG	Dollar General Corp	−75,771	59,855	$7,106,584
SHEL	Shell plc	−73,326	32,167	$2,991,531
CSCO	Cisco Systems, Inc.	−72,209	100,291	$7,781,578
MTUS	Metallus Inc.	−70,314	241,523	$3,946,485
MRNA	Moderna, Inc.	−69,478	99,552	$5,057,241
SW	Smurfit Westrock plc	−69,318	321,477	$12,810,858
LUV	Southwest Airlines Co	−68,148	107,926	$4,054,779
SLB	Slb Limited/Nv	−65,536	495,917	$25,485,174
ACT	Enact Holdings, Inc.	−64,660	54,898	$2,240,387
OXY	Occidental Petroleum Corp /De/	−54,787	393,064	$25,549,160
MO	Altria Group, Inc.	−53,800	18,917	$1,248,332
XOM	ExxonMobil Holdings Corp	−49,772	152,510	$25,874,846
AA	Alcoa Corp	−49,079	13,304	$882,454
FOXA	Fox Corp	−47,308	16,163	$943,919
NUE	Nucor Corp	−44,448	12,353	$2,088,892
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SM	SM Energy Co	109,758	$3,422,254
HTO	H2o America	33,900	$1,988,913
FN	Fabrinet	3,570	$1,861,826
PINS	Pinterest, Inc.	84,600	$1,551,564
VSNT	Versant Media Group, Inc.	37,335	$1,382,141
ROP	Roper Technologies Inc	3,580	$1,266,818
IRDM	Iridium Communications Inc.	41,500	$1,151,210
DDOG	Datadog, Inc.	9,500	$1,121,475
HL	Hecla Mining Co/De/	59,985	$1,117,520
PRIM	Primoris Services Corp	7,800	$1,115,712
GXO	GXO Logistics, Inc.	19,800	$1,026,630
APP	AppLovin Corp	2,520	$1,002,960
WDAY	Workday, Inc.	7,300	$948,416
PFS	Provident Financial Services Inc	39,000	$825,240
AMCR	Amcor plc	20,739	$824,375
ATI	Ati Inc	5,300	$770,938
BR	Broadridge Financial Solutions, Inc.	4,700	$763,656
WWD	Woodward, Inc.	2,066	$739,462
SPGI	S&P Global Inc.	1,320	$561,448
MKC	Mccormick & Co Inc	9,800	$494,312
TDG	TransDigm Group INC	360	$417,225
URBN	Urban Outfitters Inc	4,700	$297,745
AAL	American Airlines Group Inc.	22,600	$242,724
HOOD	Robinhood Markets, Inc.	2,900	$200,970
PNFP	Pinnacle Financial Partners, Inc.	2,000	$172,280
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
WBD	Warner Bros. Discovery, Inc.	129,548	$3,733,573
AMR	Alpha Metallurgical Resources, Inc.	3,258	$651,209
TGNA	TEGNA INC	16,203	$314,500
ROK	Rockwell Automation, Inc	500	$194,535
CNQ	CANADIAN NATURAL RESOURCES Ltd	5,300	$179,405
TPR	Tapestry, Inc.	567	$72,445
AMN	Amn Healthcare Services Inc	4,125	$65,010
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

612 tracked positions · $4,042,637,049 total · filing declares 622 positions · $5,243,959 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 612 positions by value · page 1 of 13

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	1,233,387	+109,725	$215,102,692	+2.6%	5.32%
AAPL	Apple Inc. Technology	Reduced	749,700	-3,018	$190,266,363	−7.0%	4.71%
MSFT	Microsoft Corp Technology	Added	461,233	+10,641	$170,734,619	−21.7%	4.22%
AMZN	Amazon Com Inc Consumer Cyclical	Added	579,068	+25,584	$120,602,492	−5.6%	2.98%
GOOGL	Alphabet Inc. Communication Services	Reduced	324,336	-27,188	$93,266,060	−15.2%	2.31%
VTOL	Bristow Group Inc. Energy	Reduced	1,965,845	-801,900	$92,178,472	−9.1%	2.28%
META	Meta Platforms, Inc. Communication Services	Added	116,583	+549	$66,700,631	−12.9%	1.65%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	110,356	+600	$52,882,595	−4.1%	1.31%
UNH	Unitedhealth Group Inc Healthcare	Added	173,485	+10,446	$46,943,306	−12.8%	1.16%
LLY	ELI LILLY & Co Healthcare	Reduced	45,200	-2,637	$41,573,604	−19.1%	1.03%
AVGO	Broadcom Inc. Technology	Added	132,026	+25,744	$40,863,367	+11.1%	1.01%
COP	Conocophillips Energy	Reduced	303,803	-38,749	$40,101,996	+25.1%	0.99%
HUM	Humana Inc Healthcare	Added	229,090	+67,707	$39,721,915	−3.9%	0.98%
USB	US Bancorp De Financial Services	Reduced	724,399	-3,812	$37,675,991	−3.0%	0.93%
ELV	Elevance Health, Inc. Healthcare	Added	121,181	+8,883	$35,475,737	−9.9%	0.88%
PFE	Pfizer Inc Healthcare	Reduced	1,202,854	-2,132	$33,776,140	+12.6%	0.84%
EG	Everest Group, Ltd. Financial Services	Added	101,931	+8,170	$33,316,147	+4.7%	0.82%
BBWI	Bath & Body Works, Inc. Consumer Cyclical	Added	1,756,048	+71,255	$32,785,416	−3.1%	0.81%
V	Visa Inc. Financial Services	Reduced	97,357	-513	$29,425,179	−14.3%	0.73%
EOG	Eog Resources Inc Energy	Reduced	194,644	-2,190	$28,139,683	+36.1%	0.70%
CMCSA	Comcast Corp Communication Services	Added	969,717	+36,254	$27,840,575	−0.2%	0.69%
AMAT	Applied Materials Inc /De Technology	Reduced	81,033	-12,016	$27,696,269	+15.8%	0.69%
TGT	Target Corp Consumer Defensive	Reduced	220,924	-947	$26,775,988	+23.5%	0.66%
UPS	United Parcel Service Inc Industrials	Added	271,221	+871	$26,682,721	−0.5%	0.66%
ZTS	Zoetis Inc. Healthcare	Added	220,819	+96,234	$26,103,013	+66.5%	0.65%
TXN	Texas Instruments Inc Technology	Reduced	134,132	-581	$26,040,386	+11.4%	0.64%
XOM	ExxonMobil Holdings Corp Energy	Reduced	152,510	-49,772	$25,874,846	+6.3%	0.64%
OXY	Occidental Petroleum Corp /De/ Energy	Reduced	393,064	-54,787	$25,549,160	+38.7%	0.63%
SLB	Slb Limited/Nv Energy	Reduced	495,917	-65,536	$25,485,174	+18.3%	0.63%
APA	APA Corp Energy	Reduced	597,035	-210,124	$25,338,165	+28.3%	0.63%
MA	Mastercard Inc Financial Services	Added	50,524	+3,320	$25,244,821	−6.3%	0.62%
RGA	Reinsurance Group Of America Inc Financial Services	Reduced	118,430	-5,218	$24,178,668	−3.9%	0.60%
LYB	LyondellBasell Industries N.V. Basic Materials	Reduced	293,471	-2,666	$23,642,023	+84.4%	0.58%
MOH	Molina Healthcare, Inc. Healthcare	Added	168,307	+64,985	$22,435,323	+25.1%	0.55%
STZ	Constellation Brands, Inc. Consumer Defensive	Reduced	147,538	-189	$22,130,700	+8.6%	0.55%
ACGL	Arch Capital Group Ltd. Financial Services	Added	226,826	+3,555	$21,773,027	+1.7%	0.54%
MRK	Merck & Co., Inc. Healthcare	Reduced	179,966	-22,492	$21,648,110	+1.6%	0.54%
LBRT	Liberty Energy Inc. Energy	Reduced	747,194	-159,414	$21,519,187	+28.6%	0.53%
HAL	Halliburton Co Energy	Reduced	548,909	-138,068	$21,401,961	+10.2%	0.53%
IQV	Iqvia Holdings Inc. Healthcare	Added	122,152	+30,611	$20,831,802	+1.0%	0.52%
WFC	Wells Fargo & Company/Mn Financial Services	Added	255,991	+130	$20,379,443	−14.5%	0.50%
AMD	Advanced Micro Devices Inc Technology	Reduced	99,534	-12,615	$20,248,201	−15.7%	0.50%
FANG	Diamondback Energy, Inc. Energy	Reduced	102,127	-1,644	$20,199,699	+29.5%	0.50%
CHRD	Chord Energy Corp Energy	Reduced	132,890	-5,491	$18,894,300	+47.3%	0.47%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	37,908	+3,890	$18,632,919	−5.5%	0.46%
MTDR	Matador Resources Co Energy	Reduced	294,267	-21,563	$18,591,789	+38.7%	0.46%
JNJ	Johnson & Johnson Healthcare	Reduced	75,642	-8,897	$18,489,930	+5.7%	0.46%
CNC	Centene Corp Healthcare	Reduced	564,618	-21,056	$18,485,593	−23.3%	0.46%
PVH	Pvh Corp. /De/ Consumer Cyclical	Added	258,558	+39,606	$18,037,006	+22.9%	0.45%
C	Citigroup Inc Financial Services	Reduced	153,245	-28,103	$17,379,515	−17.9%	0.43%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.