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South Dakota Investment Council — 13F Holdings & Portfolio

CIK 1538846 · latest 13F-HR filed 2026-08-11

Backtest portfolio

South Dakota Investment Council manages $5.84B in 13F-reported U.S. long-equity assets across 621 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VWO (10.57%), AGG (5.86%), NVDA (4.59%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 34 new positions and exited 35; 310 existing positions rose in reported value and 175 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$5.84B

Long-equity book

Holdings
621

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+34 / −35 / ↑310 / ↓175

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VWO10.6% · -3%AGG5.9% · +6%NVDA4.6% · +8%AAPL3.7% · -1%VCSH3.2% · +32%MSFT2.9% · -0%AMZN2.3% · -2%GOOGL1.9% · -6%GOOG1.6% · -2%USHY1.3% · +2%META1.2% · +4%VTOL1.1% · -18%AVGO1.1% · +23%AMD1.0% · -4%BRK.B0.9% · -2%AMAT0.9% · -14%LLY0.8% · -9%BBWI0.8% · +8%ZTS0.7% · +167%USB0.7% · -3%UNH0.7% · -46%ELV0.7% · -17%EG0.6% · +1%MU0.6% · -18%TXN0.6% · -14%COP0.6% · +8%V0.6% · -2%LRCX0.6% · -0%HUM0.5% · -66%CDW0.5% · +164%UPS0.5% · +4%INTC0.5% · -17%MOH0.5% · -23%PFE0.5% · -3%CMCSA0.5% · +13%RGA0.5% · +7%WFC0.4% · +23%IQV0.4% · +10%MA0.4% · -1%CHTR0.4% · +128%EOG0.4% · -2%ALK0.4% · +3%RNR0.4% · +50%OXY0.4% · +16%ACGL0.4% · -1%DHR0.4% · +34%MRK0.4% · -7%SLB0.4% · -10%STZ0.3% · -1%XOM0.3% · -4%ZBH0.3% · +21%MDT0.3% · +91%TMO0.3% · +2%TSLA0.3% · -1%APA0.3% · -3%LOW0.3% · +50%GNRC0.3% · -10%C0.3% · -15%JPM0.3% · -1%FANG0.3% · -1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 37.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

South Dakota Investment Council Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD INTL EQUITY INDEX F VWO 922042858 $617.0M 10.57% 10,336,538 SH
2 ISHARES TR AGG 464287226 $341.8M 5.86% 3,453,435 SH
3 NVIDIA CORPORATION NVDA 67066G104 $267.9M 4.59% 1,338,670 SH
4 APPLE INC AAPL 037833100 $215.6M 3.69% 744,947 SH
5 VANGUARD SHORT-TERM CORPORAT VCSH 92206C409 $186.1M 3.19% 2,355,122 SH
6 MICROSOFT CORP MSFT 594918104 $171.1M 2.93% 458,784 SH
7 AMAZON COM INC AMZN 023135106 $134.6M 2.31% 564,563 SH
8 ALPHABET INC GOOGL 02079K305 $108.9M 1.86% 304,600 SH
9 ALPHABET INC GOOG 02079K107 $92.8M 1.59% 262,529 SH
10 ISHARES TR USHY 46435U853 $74.3M 1.27% 2,006,500 SH
11 META PLATFORMS INC META 30303M102 $68.2M 1.17% 121,131 SH
12 BRISTOW GROUP INC VTOL 11040G103 $66.3M 1.14% 1,603,618 SH
13 BROADCOM INC AVGO 11135F101 $61.5M 1.05% 162,684 SH
14 ADVANCED MICRO DEVICES INC AMD 007903107 $55.8M 0.96% 95,975 SH
15 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $54.0M 0.93% 107,973 SH
16 APPLIED MATLS INC AMAT 038222105 $50.3M 0.86% 69,528 SH
17 ELI LILLY & CO LLY 532457108 $49.5M 0.85% 41,297 SH
18 BATH & BODY WORKS INC BBWI 070830104 $43.8M 0.75% 1,893,888 SH
19 ZOETIS INC ZTS 98978V103 $42.4M 0.73% 590,102 SH
20 US BANCORP USB 902973304 $42.3M 0.73% 701,020 SH
21 UNITEDHEALTH GROUP INC UNH 91324P102 $39.1M 0.67% 93,988 SH
22 ELEVANCE HEALTH INC FORMERLY ELV 036752103 $39.0M 0.67% 100,835 SH
23 EVEREST GROUP LTD EG G3223R108 $36.8M 0.63% 102,992 SH
24 MICRON TECHNOLOGY INC MU 595112103 $36.1M 0.62% 31,275 SH
25 TEXAS INSTRS INC TXN 882508104 $34.3M 0.59% 115,087 SH
26 CONOCOPHILLIPS COP 20825C104 $34.1M 0.58% 327,723 SH
27 VISA INC V 92826C839 $32.9M 0.56% 95,912 SH
28 LAM RESEARCH CORP LRCX 512807306 $32.3M 0.55% 74,624 SH
29 HUMANA INC HUM 444859102 $31.3M 0.54% 78,896 SH
30 CDW CORP CDW 12514G108 $30.7M 0.53% 218,632 SH
31 UNITED PARCEL SVCS INC UPS 911312106 $30.2M 0.52% 280,661 SH
32 INTEL CORP INTC 458140100 $30.1M 0.52% 215,629 SH
33 MOLINA HEALTHCARE INC MOH 60855R100 $29.8M 0.51% 130,276 SH
34 PFIZER INC PFE 717081103 $28.1M 0.48% 1,166,118 SH
35 COMCAST CORP NEW CMCSA 20030N101 $26.9M 0.46% 1,097,490 SH
36 REINSURANCE GROUP AMER INC RGA 759351604 $26.9M 0.46% 126,629 SH
37 WELLS FARGO & CO WFC 949746101 $26.1M 0.45% 315,522 SH
38 IQVIA HLDGS INC IQV 46266C105 $26.0M 0.45% 134,669 SH
39 MASTERCARD INCORPORATED MA 57636Q104 $25.8M 0.44% 50,246 SH
40 CHARTER COMMUNICATIONS INC CHTR 16119P108 $25.7M 0.44% 180,839 SH
41 EOG RES INC EOG 26875P101 $24.8M 0.42% 191,076 SH
42 ALASKA AIR GROUP INC ALK 011659109 $24.2M 0.41% 463,482 SH
43 RENAISSANCERE HLDGS LTD RNR G7496G103 $22.3M 0.38% 70,505 SH
44 OCCIDENTAL PETE CORP OXY 674599105 $22.1M 0.38% 455,056 SH
45 ARCH CAP GROUP LTD ACGL G0450A105 $21.9M 0.37% 225,526 SH
46 DANAHER CORP DEL DHR 235851102 $21.8M 0.37% 114,619 SH
47 MERCK & CO INC MRK 58933Y105 $21.4M 0.37% 166,665 SH
48 SLB LIMITED SLB 806857108 $20.8M 0.36% 446,879 SH
49 CONSTELLATION BRANDS INC STZ 21036P108 $20.3M 0.35% 146,098 SH
50 EXXONMOBIL HOLDINGS CORP XOM 30233Q108 $20.0M 0.34% 145,930 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $5.84B 621 0001538846-26-000004
2026-03-31 2026-05-18 $5.24B 622 0001538846-26-000003
2025-12-31 2026-02-12 $5.25B 606 0001538846-26-000002
2025-09-30 2025-11-12 $5.14B 606 0001538846-25-000018
Filer Information
Address
4009 W. 49TH STREET, SUITE 300
SIOUX FALLS, SD 57106
Phone
(605) 362-2820
Filing Manager
South Dakota Investment Council
SIOUX FALLS, SD
Signatory
Matthew L. Clark
State Investment Officer