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North Dakota State Investment Board — 13F Holdings & Portfolio

CIK 2064039 · latest 13F-HR filed 2026-08-04

Backtest portfolio

North Dakota State Investment Board manages $2.46B in 13F-reported U.S. long-equity assets across 826 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (5.59%), IVV (5.47%), LQD (5.17%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 92 new positions and exited 18; 429 existing positions rose in reported value and 153 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
$2.46B

Long-equity book

Holdings
826

Distinct positions

Period
2026-06-30

Filed 2026-08-04

Q/Q Activity
+92 / −18 / ↑429 / ↓153

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
NVDA5.6% · +1%IVV5.5% · +60%LQD5.2% · +5%AAPL5.0% · +1%MSFT3.3% · +2%USIG3.1% · -71%AMZN2.8% · +3%GOOGL2.5% · +2%AVGO2.1% · +3%GOOG2.0% · +2%MU1.6% · +3%META1.5% · +3%TSLA1.5% · +5%LLY1.1% · +1%AMD1.1% · +3%BRK.B1.1% · +3%JPM1.0% · +0%INTC0.7% · +1%JNJ0.7% · +2%AMAT0.7% · +1%XOM0.7% · +0%V0.7% · -0%LRCX0.6% · +1%IGSB0.6% · -11%WMT0.6% · +3%CAT0.6% · -0%CSCO0.6% · +2%ABBV0.5% · +2%MA0.5% · +3%COST0.5% · +2%UNH0.5% · +11%KLAC0.5% · +911%GE0.5% · +1%BAC0.5% · +1%HD0.4% · +3%PG0.4% · +1%SNDK0.4% · +9%KO0.4% · +3%MRK0.4% · -0%GEV0.4% · +0%CVX0.4% · +1%SPBO0.4% · -71%NFLX0.4% · +1%GS0.3% · -0%PM0.3% · +3%WDC0.3% · -21%PANW0.3% · +6%TXN0.3% · +3%IBM0.3% · +3%MRVL0.3% · +3%PLTR0.3% · +1%RTX0.3% · +3%VTC0.3% · -73%WFC0.3% · -1%ORCL0.3% · +3%C0.3% · +1%LIN0.3% · -0%MS0.3% · -1%QCOM0.3% · +0%APH0.3% · +3%

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

3 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 = 37.1%

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.

Top Adds (vs prior quarter)

Show all 429 →

Top Trims

Show all 153 →

New Positions

Show all 92 →

Exited Positions

Show all 18 →

North Dakota State Investment Board 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 NVIDIA CORPORATION NVDA 67066G104 $137.6M 5.59% 687,707 SH
2 ISHARES TR IVV 464287200 $134.6M 5.47% 179,687 SH
3 ISHARES TR LQD 464287242 $127.4M 5.17% 1,167,864 SH
4 APPLE INC AAPL 037833100 $123.3M 5.01% 426,229 SH
5 MICROSOFT CORP MSFT 594918104 $81.7M 3.32% 219,052 SH
6 ISHARES TR USIG 464288620 $76.9M 3.12% 1,499,747 SH
7 AMAZON COM INC AMZN 023135106 $68.2M 2.77% 285,975 SH
8 ALPHABET INC GOOGL 02079K305 $61.4M 2.49% 171,763 SH
9 BROADCOM INC AVGO 11135F101 $51.9M 2.11% 137,340 SH
10 ALPHABET INC GOOG 02079K107 $49.5M 2.01% 140,182 SH
11 MICRON TECHNOLOGY INC MU 595112103 $38.4M 1.56% 33,224 SH
12 META PLATFORMS INC META 30303M102 $36.6M 1.49% 64,930 SH
13 TESLA INC TSLA 88160R101 $36.2M 1.47% 86,131 SH
14 ELI LILLY & CO LLY 532457108 $28.2M 1.15% 23,539 SH
15 ADVANCED MICRO DEVICES INC AMD 007903107 $27.8M 1.13% 47,888 SH
16 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $27.4M 1.11% 54,845 SH
17 JPMORGAN CHASE & CO JPM 46625H100 $25.8M 1.05% 78,820 SH
18 INTEL CORP INTC 458140100 $18.1M 0.73% 129,279 SH
19 JOHNSON & JOHNSON JNJ 478160104 $18.0M 0.73% 71,036 SH
20 APPLIED MATLS INC AMAT 038222105 $16.9M 0.69% 23,375 SH
21 EXXON MOBIL CORP XOM 30231G102 $16.8M 0.68% 122,689 SH
22 VISA INC V 92826C839 $16.7M 0.68% 48,684 SH
23 LAM RESEARCH CORP LRCX 512807306 $16.0M 0.65% 36,844 SH
24 ISHARES TR IGSB 464288646 $15.6M 0.63% 297,278 SH
25 WALMART INC WMT 931142103 $14.7M 0.60% 129,371 SH
26 CATERPILLAR INC CAT 149123101 $14.3M 0.58% 13,389 SH
27 CISCO SYS INC CSCO 17275R102 $14.1M 0.57% 119,859 SH
28 ABBVIE INC ABBV 00287Y109 $13.1M 0.53% 52,197 SH
29 MASTERCARD INCORPORATED MA 57636Q104 $12.3M 0.50% 23,921 SH
30 COSTCO WHOLESALE CORPORATION COST 22160K105 $12.3M 0.50% 13,125 SH
31 UNITEDHEALTH GROUP INC UNH 91324P102 $12.2M 0.49% 29,272 SH
32 KLA CORP KLAC 482480100 $11.6M 0.47% 38,571 SH
33 GE AEROSPACE GE 369604301 $11.4M 0.46% 30,450 SH
34 BANK AMERICA CORP BAC 060505104 $11.1M 0.45% 195,293 SH
35 HOME DEPOT INC HD 437076102 $10.4M 0.42% 29,607 SH
36 PROCTER & GAMBLE CO PG 742718109 $10.1M 0.41% 68,746 SH
37 SANDISK CORP SNDK 80004C200 $9.7M 0.39% 4,253 SH
38 COCA COLA CO KO 191216100 $9.4M 0.38% 115,638 SH
39 MERCK & CO INC MRK 58933Y105 $9.4M 0.38% 72,931 SH
40 GE VERNOVA INC GEV 36828A101 $9.3M 0.38% 7,931 SH
41 CHEVRON CORPORATION CVX 166764100 $9.1M 0.37% 54,681 SH
42 SPDR SERIES TRUST SPBO 78464A144 $9.1M 0.37% 311,928 SH
43 NETFLIX INC. NFLX 64110L106 $8.8M 0.36% 123,707 SH
44 GOLDMAN SACHS GROUP INC GS 38141G104 $8.6M 0.35% 8,502 SH
45 PHILIP MORRIS INTL INC PM 718172109 $8.4M 0.34% 46,328 SH
46 WESTERN DIGITAL CORP WDC 958102105 $8.4M 0.34% 13,091 SH
47 PALO ALTO NETWORKS INC PANW 697435105 $8.1M 0.33% 23,786 SH
48 TEXAS INSTRS INC TXN 882508104 $8.1M 0.33% 27,025 SH
49 INTERNATIONAL BUSINESS MACHS IBM 459200101 $7.8M 0.32% 27,667 SH
50 MARVELL TECHNOLOGY INC MRVL 573874104 $7.7M 0.31% 25,715 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-04 $2.46B 826 0002064039-26-000005
2026-03-31 2026-05-08 $2.31B 752 0002064039-26-000004
2025-12-31 2026-02-05 $2.69B 826 0002064039-26-000002
Filer Information
Address
1600 EAST CENTURY AVENUE, SUITE 3
BISMARCK, ND 58504
Phone
(701) 328-9885
Filing Manager
North Dakota State Investment Board
BISMARCK, ND
Signatory
Timothy Forsythe
Deputy Chief Financial/Operating Officer