North Dakota State Investment Board

CIK

2064039

Location

BISMARCK, ND

Portfolio Value

Mid $2,549,873,647

Diversification

Diversified

Filing Date

Global Rank

#1,417 / 8,827 ▼ 71 · as of Jun 2026

Top Industry

Semiconductors 15.3%

Period ended 38 days ago

Filed Oct 27, 2026 · 11d

4 quarters · since Dec 2025

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Index-like

Active share 17.2% against the Russell 1000 as of 2026-06-30, across 817 stocks (index-like at 20% or less with 100+ stocks)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 3.0 quarters (under 4)

Closest benchmark: the Russell 1000 as of 2026-06-30, active share 17.2%; sector active share 6.3% against the combined 13F book's sector weights.

Over time 3 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

811 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

12.5%

−2.2 pts

Top 5

33.7%

+0.5 pts

Top 10

43.1%

+0.6 pts

HHI

308

Diversified−32

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	33.2%	$847,519,249	141
Unclassified	13.7%	$350,503,574	13
Financial Services	10.2%	$260,880,508	120
Healthcare	8.6%	$219,441,157	96
Communication Services	8.1%	$205,456,331	30
Consumer Cyclical	7.7%	$196,046,721	79
Industrials	7.1%	$180,822,872	136
Consumer Defensive	3.6%	$91,231,032	38
Energy	3.0%	$77,649,883	34
Real Estate	1.6%	$41,008,502	53
Basic Materials	1.6%	$39,966,300	35
Utilities	1.5%	$39,347,518	36

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AGG	iShares Core U.S. Aggregate Bond ETF	+283,151	309,611	$29,270,623
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+279,334	1,447,198	$147,874,691
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	+109,039	172,039	$8,662,163
F	Ford Motor Co	+46,059	223,041	$2,689,874
APH	Amphenol Corp	+38,849	75,132	$6,333,627
APA	APA Corp	+28,457	38,891	$1,615,532
CRWD	CrowdStrike Holdings, Inc.	+27,933	35,286	$9,341,968
NVDA	Nvidia Corp	+26,781	714,488	$163,174,769
MLI	Mueller Industries Inc	+24,764	27,989	$1,696,413
MNST	Monster Beverage Corp	+22,197	42,940	$1,787,162
C	Citigroup Inc	+21,716	73,752	$9,549,408
CNC	Centene Corp	+21,203	44,218	$2,746,822
CFG	Citizens Financial Group Inc	+17,142	29,905	$1,906,742
AAPL	Apple Inc.	+16,600	442,829	$147,470,913
CAH	Cardinal Health Inc	+15,154	22,250	$4,950,625
BNY	Bank of New York Mellon Corp	+14,803	35,279	$5,102,401
FITB	Fifth Third Bancorp	+13,505	40,389	$2,042,875
STT	State Street Corp	+12,106	20,392	$3,560,239
VMRK	Vivmark Residential	+12,037	23,298	$1,415,586
MET	Metlife Inc	+11,625	28,170	$2,652,487
LEN	Lennar Corp	+11,255	17,355	$1,415,994
RVMD	Revolution Medicines, Inc.	+11,213	16,547	$3,396,437
AMZN	Amazon Com Inc	+11,143	297,118	$74,026,949
INTC	Intel Corp	+10,660	139,939	$16,824,865
SCHW	Schwab Charles Corp	+10,450	58,631	$5,730,593
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IVV	iShares Core S&P 500 ETF	−176,785	2,902	$2,222,496
VTRS	Viatris Inc	−89,832	71,062	$1,259,218
EL	Estee Lauder Companies Inc	−27,688	7,557	$701,062
MRNA	Moderna, Inc.	−27,663	15,489	$2,982,716
BWA	Borgwarner Inc	−26,644	6,274	$377,130
BBY	Best Buy Co Inc	−23,799	10,826	$955,286
LUV	Southwest Airlines Co	−18,364	18,752	$780,833
BMY	Bristol Myers Squibb Co	−17,084	62,548	$3,902,995
XYZ	Block, Inc.	−16,798	15,947	$1,172,582
ILMN	Illumina, Inc.	−15,795	4,653	$1,273,433
FTV	Fortive Corp	−11,743	9,320	$510,829
TGT	Target Corp	−11,511	13,902	$2,178,304
DG	Dollar General Corp	−11,209	6,738	$805,730
NWSA	News Corp	−11,121	11,294	$323,573
GPN	Global Payments Inc	−9,618	7,046	$575,446
TPR	Tapestry, Inc.	−9,507	8,358	$961,504
HPQ	Hp Inc	−8,951	54,616	$1,708,388
DLTR	Dollar Tree, Inc.	−7,445	5,744	$654,930
INCY	Incyte Corp	−6,420	10,258	$1,244,808
CVS	CVS HEALTH Corp	−6,352	44,476	$3,811,148
ZM	Zoom Communications, Inc.	−5,912	13,031	$1,182,823
TWLO	Twilio Inc	−4,636	4,529	$1,324,551
ALB	Albemarle Corp	−4,141	3,610	$381,865
AA	Alcoa Corp	−4,101	8,061	$338,562
JBHT	Hunt J B Transport Services Inc	−4,035	2,303	$515,987
No positions match the current search.

New Positions

Positions the filer opened this quarter

24 positions

Ticker	Company	Shares	Value
ITOT	iShares Core S&P Total U.S. Stock Market ETF	159,727	$26,559,405
IXUS	iShares Core MSCI Total International Stock ETF	163,441	$15,525,260
SPY	Spdr S&P 500 ETF Trust	18,562	$14,155,938
SPCX	Space Exploration Technologies Corp	17,052	$2,572,464
HON	Honeywell International Inc	9,719	$2,050,125
HONA	Honeywell Aerospace Inc.	9,719	$1,506,153
CCL	Carnival Corp Ltd.	39,067	$958,704
DD	DuPont de Nemours, Inc.	4,185	$543,589
FDXF	FedEx Freight Holding Company, Inc.	3,634	$397,486
ASND	Ascendis Pharma A/S	1,559	$355,186
PAYC	Paycom Software, Inc.	1,254	$272,933
TEM	Tempus AI, Inc.	3,291	$269,532
ESTC	Elastic N.V.	2,783	$255,201
S	SentinelOne, Inc.	9,809	$233,061
CHRD	Chord Energy Corp	1,724	$231,136
BRKR	Bruker Corp	3,396	$219,891
GTLB	Gitlab Inc.	4,502	$212,719
CHYM	Chime Financial, Inc.	7,955	$211,921
LNC	Lincoln National Corp	5,260	$211,767
MOS	Mosaic Co	9,728	$210,611
BIO	Bio-Rad Laboratories, Inc.	556	$210,006
CHE	Chemed Corp	397	$200,512
HR	Healthcare Realty Trust Inc	10,195	$180,859
JBS	Jbs N.V.	10,162	$114,728
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		7,478	$1,533,289
—		4,229	$797,970
UI	Ubiquiti Inc.	1,132	$604,521
—		4,767	$364,294
GFS	GLOBALFOUNDRIES Inc.	3,651	$300,878
—		834	$295,678
—		1,406	$293,770
MGM	MGM Resorts International	6,093	$291,306
BLDR	Builders FirstSource, Inc.	3,227	$288,751
APLD	Applied Digital Corp.	7,511	$280,160
PL	Planet Labs PBC	8,227	$272,560
BROS	Dutch Bros Inc.	3,691	$265,050
ALGM	Allegro Microsystems, Inc.	3,689	$256,828
AAON	Aaon, Inc.	1,998	$253,466
ECG	Everus Construction Group, Inc.	1,512	$250,916
SFM	Sprouts Farmers Market, Inc.	2,911	$246,212
POWL	Powell Industries Inc	851	$243,692
MIDD	MIDDLEBY Corp	1,416	$243,566
CAVA	Cava Group, Inc.	2,968	$232,928
DVA	Davita Inc.	1,044	$232,269
H	Hyatt Hotels Corp	1,193	$231,251
ULS	UL Solutions Inc.	2,262	$230,407
CRUS	Cirrus Logic, Inc.	1,520	$225,765
HXL	Hexcel Corp	2,239	$224,034
WYNN	Wynn Resorts Ltd	2,269	$220,297
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

811 tracked positions · $2,549,873,647 total · filing declares 811 positions · $2,549,874,052 · as of Sep 30, 2026

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

Showing 1–50 of 811 positions by value · page 1 of 17

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	714,488	+26,781	$163,174,769	+18.6%	6.40%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Added	1,447,198	+279,334	$147,874,691	+16.1%	5.80%
AAPL	Apple Inc. Technology	Added	442,829	+16,600	$147,470,913	+19.6%	5.78%
MSFT	Microsoft Corp Technology	Added	227,551	+8,499	$116,710,907	+42.8%	4.58%
AMZN	Amazon Com Inc Consumer Cyclical	Added	297,118	+11,143	$74,026,949	+8.6%	2.90%
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	Held	1,499,747	0	$73,052,676	−5.0%	2.86%
GOOGL	Alphabet Inc. Communication Services	Added	178,467	+6,704	$61,406,925	+0.0%	2.41%
AVGO	Broadcom Inc. Technology	Added	142,487	+5,147	$50,040,009	−3.5%	1.96%
GOOG	Alphabet Inc. Communication Services	Added	145,630	+5,448	$49,621,966	+0.2%	1.95%
META	Meta Platforms, Inc. Communication Services	Added	67,325	+2,395	$48,822,743	+33.5%	1.91%
MU	Micron Technology Inc Technology	Added	34,526	+1,302	$36,773,987	−4.1%	1.44%
TSLA	Tesla, Inc. Consumer Cyclical	Added	89,473	+3,342	$31,745,915	−12.4%	1.24%
AMD	Advanced Micro Devices Inc Technology	Added	49,820	+1,932	$30,477,883	+9.6%	1.20%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	309,611	+283,151	$29,270,623	+1017.6%	1.15%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	57,038	+2,193	$28,402,072	+3.5%	1.11%
LLY	ELI LILLY & Co Healthcare	Added	24,453	+914	$28,294,077	+0.2%	1.11%
JPM	Jpmorgan Chase & Co Financial Services	Added	81,895	+3,075	$27,093,322	+5.0%	1.06%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	NEW	159,727	NEW	$26,559,405	NEW	1.04%
XOM	ExxonMobil Holdings Corp Energy	Added	127,013	+4,324	$20,671,365	+23.2%	0.81%
JNJ	Johnson & Johnson Healthcare	Added	73,803	+2,767	$19,538,606	+8.3%	0.77%
V	Visa Inc. Financial Services	Added	51,022	+2,338	$18,333,735	+9.8%	0.72%
INTC	Intel Corp Technology	Added	139,939	+10,660	$16,824,865	−6.8%	0.66%
IXUS	iShares Core MSCI Total International Stock ETF	NEW	163,441	NEW	$15,525,260	NEW	0.61%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Held	297,278	0	$15,229,551	−2.3%	0.60%
ABBV	AbbVie Inc. Healthcare	Added	54,228	+2,031	$14,185,502	+8.0%	0.56%
SPY	Spdr S&P 500 ETF Trust	NEW	18,562	NEW	$14,155,938	NEW	0.56%
WMT	Walmart Inc. Consumer Defensive	Added	134,442	+5,071	$13,971,212	−4.7%	0.55%
MA	Mastercard Inc Financial Services	Added	24,741	+820	$13,643,919	+11.1%	0.54%
CSCO	Cisco Systems, Inc. Technology	Added	124,523	+4,664	$13,402,410	−4.8%	0.53%
PLTR	Palantir Technologies Inc. Technology	Added	68,014	+3,061	$12,722,018	+67.9%	0.50%
LRCX	Lam Research Corp Technology	Added	38,278	+1,434	$12,574,705	−21.2%	0.49%
AMAT	Applied Materials Inc Technology	Added	24,281	+906	$12,416,817	−26.5%	0.49%
COST	Costco Wholesale Corp Consumer Defensive	Added	13,592	+467	$12,373,341	+0.8%	0.49%
CVX	Chevron Corp Energy	Added	56,825	+2,144	$11,604,233	+28.0%	0.46%
CAT	Caterpillar Inc Industrials	Added	13,912	+523	$11,279,710	−20.9%	0.44%
BAC	Bank Of America Corp Financial Services	Added	202,520	+7,227	$11,023,163	−0.9%	0.43%
MRK	Merck & Co., Inc. Healthcare	Added	75,774	+2,843	$11,010,719	+17.5%	0.43%
UNH	Unitedhealth Group Inc Healthcare	Reduced	28,606	-666	$10,500,690	−13.7%	0.41%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	71,424	+2,678	$10,376,478	+2.9%	0.41%
KO	Coca Cola Co Consumer Defensive	Added	119,043	+3,405	$10,247,221	+9.0%	0.40%
GE	General Electric Co Industrials	Added	31,636	+1,186	$9,879,606	−13.2%	0.39%
PANW	Palo Alto Networks Inc Technology	Added	24,698	+912	$9,812,762	+21.0%	0.38%
C	Citigroup Inc Financial Services	Added	73,752	+21,716	$9,549,408	+31.1%	0.37%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	35,286	+27,933	$9,341,968	+66.5%	0.37%
PM	Philip Morris International Inc. Consumer Defensive	Added	47,765	+1,437	$9,114,517	+8.7%	0.36%
NFLX	Netflix Inc Communication Services	Added	128,013	+4,306	$8,907,144	+0.8%	0.35%
HD	Home Depot, Inc. Consumer Cyclical	Added	30,552	+945	$8,691,738	−16.8%	0.34%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	Added	172,039	+109,039	$8,662,163	+158.6%	0.34%
SPBO	State Street(R) SPDR Portfolio Corporate Bond ETF	Held	311,928	0	$8,574,900	−5.3%	0.34%
GS	Goldman Sachs Group Inc Financial Services	Added	8,833	+331	$7,952,879	−7.5%	0.31%

Showing the top 50 of 811 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.