North Dakota State Investment Board
Sector Allocation
- Technology37.8%$930.4M
- Other15.4%$379.6M
- Financials9.9%$244.6M
- Consumer Discretionary8.1%$198.3M
- Healthcare7.9%$195.0M
- Industrials6.8%$167.9M
- Consumer Staples4.1%$101.9M
- Energy2.6%$63.7M
- Materials2.1%$52.8M
- Utilities1.9%$47.2M
AUM History
13fpro.ai/research/fund/north-dakota-state-investment-board-2064039
Conviction and streaks
Diversifying · top 10 = 37.1%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
NVDA
$137.6M- ISHARES$134.6M
- ISHARES$127.4M
AAPL
$123.3MMSFT
$81.7M- ISHARES$76.9M
AMZN
$68.2MGOOGL
$61.4MAVGO
$51.9MGOOG
$49.5MMU
$38.4MMETA
$36.6MTSLA
$36.2MLLY
$28.2MAMD
$27.8MBRK.B
$27.4MJPM
$25.8MINTC
$18.1MJNJ
$18.0MAMAT
$16.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/north-dakota-state-investment-board-2064039
North Dakota State Investment Board 13F holdings — Q2 2026
$2.5B portfolio (+6.5% QoQ) · 826 holdings · Q2 2026 13F · top 10 are 37% of the stock portfolio
$137.6M
5.6% of stocks
+1%This quarter+1.9%Since filed3+ qtrsHeld- 2
ISHARES TR - CORE S&P500 ETF
$134.6M
5.5% of stocks
+60%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
ISHARES TR - IBOXX INV CP ETF
$127.4M
5.2% of stocks
+5%This quarter—Since filed—HeldAIQuality—Est. buy— $123.3M
5.0% of stocks
+0.9%This quarter+11.2%Since filed3+ qtrsHeld$81.7M
3.3% of stocks
+2%This quarter+8.1%Since filed3+ qtrsHeld- 6
ISHARES TR - USD INV GRDE ETF
$76.9M
3.1% of stocks
-71%This quarter—Since filed—HeldAIQuality—Est. buy— $68.2M
2.8% of stocks
+3%This quarter-10.2%Since filed3+ qtrsHeld$61.4M
2.5% of stocks
+2%This quarter-16.3%Since filed3+ qtrsHeld$51.9M
2.1% of stocks
+3%This quarter-21.3%Since filed3+ qtrsHeld$49.5M
2.0% of stocks
+2%This quarter-16.3%Since filed3+ qtrsHeld
All holdings — North Dakota State Investment Board (Q2 2026)
826 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | MICRON TECHNOLOGY INC | Technology | $38.4M | 1.6% | 33K | +3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Meta Platforms, Inc. | Technology | $36.6M | 1.5% | 65K | +3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Tesla, Inc. | Consumer Discretionary | $36.2M | 1.5% | 86K | +5% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | ELI LILLY & Co | Healthcare | $28.2M | 1.1% | 24K | +1% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | ADVANCED MICRO DEVICES INC | Technology | $27.8M | 1.1% | 48K | +3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | BERKSHIRE HATHAWAY INC | Financials | $27.4M | 1.1% | 55K | +3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | JPMORGAN CHASE & CO | Financials | $25.8M | 1.1% | 79K | +0.1% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | INTEL CORP | Technology | $18.1M | 0.7% | 129K | +1% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | JOHNSON & JOHNSON | Healthcare | $18.0M | 0.7% | 71K | +2% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | APPLIED MATERIALS INC /DE | Technology | $16.9M | 0.7% | 23K | +0.6% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | EXXON MOBIL CORP | Energy | $16.8M | 0.7% | 123K | +0.2% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | VISA INC. | Financials | $16.7M | 0.7% | 49K | -0.2% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | LAM RESEARCH CORP | Technology | $16.0M | 0.7% | 37K | +1% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | — | ISHARES TR - ISHS 1-5YR INVSetf/fund | — | $15.6M | 0.6% | 297K | -11% | — | — | 13F |
| 25 | Walmart Inc. | Consumer Staples | $14.7M | 0.6% | 129K | +3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CAT | CATERPILLAR INC | Industrials | $14.3M | 0.6% | 13K | -0.2% | |||
| 27 | $CSCO | CISCO SYSTEMS, INC. | Technology | $14.1M | 0.6% | 120K | +2% | |||
| 28 | $ABBV | AbbVie Inc. | Healthcare | $13.1M | 0.5% | 52K | +2% | |||
| 29 | $MA | Mastercard Inc | Financials | $12.3M | 0.5% | 24K | +3% | |||
| 30 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $12.3M | 0.5% | 13K | +2% | |||
| 31 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $12.2M | 0.5% | 29K | +11% | |||
| 32 | $KLAC | KLA CORP | Technology | $11.6M | 0.5% | 39K | +911% | |||
| 33 | $GE | GENERAL ELECTRIC CO | Industrials | $11.4M | 0.5% | 30K | +1% | |||
| 34 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $11.1M | 0.5% | 195K | +1% | |||
| 35 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $10.4M | 0.4% | 30K | +3% | |||
| 36 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $10.1M | 0.4% | 69K | +1% | |||
| 37 | $SNDK | Sandisk Corp | Technology | $9.7M | 0.4% | 4,253 | +9% | |||
| 38 | $KO | COCA COLA CO | Consumer Staples | $9.4M | 0.4% | 116K | +3% | |||
| 39 | $MRK | Merck & Co., Inc. | Healthcare | $9.4M | 0.4% | 73K | -0.1% | |||
| 40 | $GEV | GE Vernova Inc. | Industrials | $9.3M | 0.4% | 7,931 | +0.1% | |||
| 41 | $CVX | CHEVRON CORP | Energy | $9.1M | 0.4% | 55K | +0.7% | |||
| 42 | — | SPDR SERIES TRUST - STATE STREET SPD | — | $9.1M | 0.4% | 312K | -71% | |||
| 43 | $NFLX | NETFLIX INC | Communication Services | $8.8M | 0.4% | 124K | +0.7% | |||
| 44 | $GS | GOLDMAN SACHS GROUP INC | Financials | $8.6M | 0.3% | 8,502 | -0.1% | |||
| 45 | $PM | Philip Morris International Inc. | Consumer Staples | $8.4M | 0.3% | 46K | +3% | |||
| 46 | $WDC | WESTERN DIGITAL CORP | Technology | $8.4M | 0.3% | 13K | -21% | |||
| 47 | $PANW | Palo Alto Networks Inc | Technology | $8.1M | 0.3% | 24K | +6% | |||
| 48 | $TXN | TEXAS INSTRUMENTS INC | Technology | $8.1M | 0.3% | 27K | +3% | |||
| 49 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $7.8M | 0.3% | 28K | +3% | |||
| 50 | $MRVL | Marvell Technology, Inc. | Technology | $7.7M | 0.3% | 26K | +3% | |||
| 51 | $PLTR | Palantir Technologies Inc. | Technology | $7.6M | 0.3% | 65K | +0.9% | |||
| 52 | $RTX | RTX Corp | Industrials | $7.5M | 0.3% | 40K | +3% | |||
| 53 | — | VANGUARD SCOTTSDALE FDS - TOTAL CORP BND | — | $7.5M | 0.3% | 98K | -73% | |||
| 54 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $7.5M | 0.3% | 90K | -0.9% | |||
| 55 | $ORCL | ORACLE CORP | Technology | $7.3M | 0.3% | 50K | +3% | |||
| 56 | $C | CITIGROUP INC | Financials | $7.3M | 0.3% | 52K | +1% | |||
| 57 | $LIN | LINDE PLC | Materials | $7.1M | 0.3% | 14K | -0.1% | |||
| 58 | $MS | MORGAN STANLEY | Financials | $6.9M | 0.3% | 33K | -1.0% | |||
| 59 | $QCOM | QUALCOMM INC/DE | Technology | $6.8M | 0.3% | 37K | +0.4% | |||
| 60 | $APH | AMPHENOL CORP /DE/ | Technology | $6.4M | 0.3% | 36K | +3% | |||
| 61 | $GLW | CORNING INC /NY | Materials | $5.9M | 0.2% | 23K | +3% | |||
| 62 | $AMGN | AMGEN INC | Healthcare | $5.8M | 0.2% | 16K | +0.3% | |||
| 63 | $ADI | ANALOG DEVICES INC | Technology | $5.8M | 0.2% | 15K | +1% | |||
| 64 | $MCD | MCDONALDS CORP | Consumer Discretionary | $5.7M | 0.2% | 21K | +3% | |||
| 65 | $CRWD | CrowdStrike Holdings, Inc. | Technology | $5.6M | 0.2% | 7,353 | +3% | |||
| 66 | $PEP | PEPSICO INC | Consumer Staples | $5.5M | 0.2% | 41K | +3% | |||
| 67 | $TMO | THERMO FISHER SCIENTIFIC INC. | Healthcare | $5.5M | 0.2% | 11K | +0.2% | |||
| 68 | $NEE | NEXTERA ENERGY INC | Utilities | $5.4M | 0.2% | 62K | +3% | |||
| 69 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $5.3M | 0.2% | 126K | +2% | |||
| 70 | $AXP | AMERICAN EXPRESS CO | Financials | $5.3M | 0.2% | 16K | +0.0% | |||
| 71 | $CVS | CVS HEALTH Corp | Healthcare | $5.3M | 0.2% | 51K | +37% | |||
| 72 | $ANET | Arista Networks, Inc. | Technology | $5.2M | 0.2% | 31K | +3% | |||
| 73 | $DIS | Walt Disney Co | Communication Services | $5.1M | 0.2% | 53K | +0.7% | |||
| 74 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $5.0M | 0.2% | 33K | +3% | |||
| 75 | $ETN | Eaton Corp plc | Industrials | $5.0M | 0.2% | 12K | +3% | |||
| 76 | $BA | BOEING CO | Industrials | $4.9M | 0.2% | 22K | +4% | |||
| 77 | $UNP | UNION PACIFIC CORP | Industrials | $4.8M | 0.2% | 18K | +3% | |||
| 78 | $DELL | Dell Technologies Inc. | Technology | $4.7M | 0.2% | 11K | +20% | |||
| 79 | $GILD | GILEAD SCIENCES, INC. | Healthcare | $4.7M | 0.2% | 37K | -4% | |||
| 80 | $ABT | ABBOTT LABORATORIES | Healthcare | $4.7M | 0.2% | 51K | +3% | |||
| 81 | $WELL | WELLTOWER INC. | Real Estate | $4.6M | 0.2% | 20K | +3% | |||
| 82 | $DE | DEERE & CO | Industrials | $4.6M | 0.2% | 7,265 | +3% | |||
| 83 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $4.6M | 0.2% | 80K | +29% | |||
| 84 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $4.5M | 0.2% | 25K | +2297% | |||
| 85 | $SCHW | SCHWAB CHARLES CORP | Financials | $4.4M | 0.2% | 48K | -3% | |||
| 86 | $BLK | BlackRock, Inc. | Financials | $4.4M | 0.2% | 4,537 | +3% | |||
| 87 | $ISRG | INTUITIVE SURGICAL INC | Healthcare | $4.2M | 0.2% | 10K | +3% | |||
| 88 | $UBER | Uber Technologies, Inc | Technology | $4.2M | 0.2% | 58K | -1.0% | |||
| 89 | $T | AT&T INC. | Communication Services | $4.1M | 0.2% | 200K | -0.3% | |||
| 90 | $EXPE | Expedia Group, Inc. | Consumer Discretionary | $4.1M | 0.2% | 16K | +67% | |||
| 91 | $PFE | PFIZER INC | Healthcare | $4.1M | 0.2% | 169K | -8% | |||
| 92 | $NEM | NEWMONT Corp /DE/ | Materials | $3.9M | 0.2% | 42K | +31% | |||
| 93 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $3.8M | 0.2% | 38K | +14% | |||
| 94 | $COP | CONOCOPHILLIPS | Energy | $3.8M | 0.2% | 37K | +2% | |||
| 95 | $PGR | PROGRESSIVE CORP/OH/ | Financials | $3.8M | 0.1% | 17K | +3% | |||
| 96 | $VRT | Vertiv Holdings Co | Technology | $3.8M | 0.1% | 11K | +3% | |||
| 97 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $3.8M | 0.1% | 53K | +8% | |||
| 98 | $VRTX | VERTEX PHARMACEUTICALS INC / MA | Healthcare | $3.7M | 0.1% | 7,547 | +1% | |||
| 99 | $FTNT | Fortinet, Inc. | Technology | $3.7M | 0.1% | 24K | +32% | |||
| 100 | $PLD | Prologis, Inc. | Real Estate | $3.7M | 0.1% | 28K | +3% | |||
| 101 | $PH | Parker-Hannifin Corp | Industrials | $3.7M | 0.1% | 3,761 | +3% | |||
| 102 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $3.7M | 0.1% | 17K | +0.0% | |||
| 103 | $CRM | Salesforce, Inc. | Technology | $3.7M | 0.1% | 23K | -13% | |||
| 104 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $3.7M | 0.1% | 18K | +0.3% | |||
| 105 | $APP | AppLovin Corp | Technology | $3.7M | 0.1% | 7,090 | +3% | |||
| 106 | $ILMN | ILLUMINA, INC. | Healthcare | $3.6M | 0.1% | 20K | +33% | |||
| 107 | $DHR | DANAHER CORP /DE/ | Healthcare | $3.6M | 0.1% | 19K | +3% | |||
| 108 | $SPGI | S&P Global Inc. | Financials | $3.6M | 0.1% | 8,717 | -0.7% | |||
| 109 | $CB | Chubb Ltd | Financials | $3.5M | 0.1% | 10K | -2% | |||
| 110 | $SNOW | Snowflake Inc. | Technology | $3.4M | 0.1% | 14K | -5% | |||
| 111 | $GM | General Motors Co | Consumer Discretionary | $3.4M | 0.1% | 45K | +65% | |||
| 112 | — | ISHARES TR - ISHS 5-10YR INVT | — | $3.3M | 0.1% | 63K | -70% | |||
| 113 | $TGT | TARGET CORP | Consumer Staples | $3.3M | 0.1% | 25K | +31% | |||
| 114 | $TT | Trane Technologies plc | Technology | $3.3M | 0.1% | 6,629 | +3% | |||
| 115 | $SYK | STRYKER CORP | Healthcare | $3.2M | 0.1% | 10K | +3% | |||
| 116 | $HWM | Howmet Aerospace Inc. | Materials | $3.2M | 0.1% | 12K | +3% | |||
| 117 | $FDX | FEDEX CORP | Industrials | $3.2M | 0.1% | 10K | +63% | |||
| 118 | $PWR | QUANTA SERVICES, INC. | Industrials | $3.2M | 0.1% | 4,379 | +3% | |||
| 119 | $ABNB | Airbnb, Inc. | Technology | $3.1M | 0.1% | 22K | +23% | |||
| 120 | $SO | SOUTHERN CO | Utilities | $3.1M | 0.1% | 33K | +3% | |||
| 121 | $LMT | LOCKHEED MARTIN CORP | Industrials | $3.1M | 0.1% | 6,133 | +3% | |||
| 122 | $NOW | ServiceNow, Inc. | Technology | $3.1M | 0.1% | 31K | +4% | |||
| 123 | $CDNS | CADENCE DESIGN SYSTEMS INC | Technology | $3.0M | 0.1% | 8,114 | +3% | |||
| 124 | $HUM | HUMANA INC | Healthcare | $3.0M | 0.1% | 7,638 | +47% | |||
| 125 | $EQIX | EQUINIX INC | Real Estate | $3.0M | 0.1% | 2,906 | +3% | |||
| 126 | $MRNA | Moderna, Inc. | Healthcare | $3.0M | 0.1% | 43K | +312% | |||
| 127 | $MDT | Medtronic plc | Healthcare | $3.0M | 0.1% | 38K | +3% | |||
| 128 | $BNY | Bank of New York Mellon Corp | Financials | $3.0M | 0.1% | 20K | +1% | |||
| 129 | $DUK | Duke Energy CORP | Utilities | $2.9M | 0.1% | 23K | +3% | |||
| 130 | $CMI | CUMMINS INC | Industrials | $2.9M | 0.1% | 4,092 | +3% | |||
| 131 | $PNC | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $2.9M | 0.1% | 12K | +1% | |||
| 132 | $USB | US BANCORP \DE\ | Financials | $2.8M | 0.1% | 46K | +3% | |||
| 133 | $EL | ESTEE LAUDER COMPANIES INC | Consumer Staples | $2.8M | 0.1% | 35K | +46% | |||
| 134 | $MCK | MCKESSON CORP | Consumer Staples | $2.8M | 0.1% | 3,675 | -11% | |||
| 135 | $WMB | WILLIAMS COMPANIES, INC. | Energy | $2.7M | 0.1% | 36K | +3% | |||
| 136 | $ADP | AUTOMATIC DATA PROCESSING INC | Technology | $2.7M | 0.1% | 12K | +2% | |||
| 137 | $FCX | FREEPORT-MCMORAN INC | Materials | $2.7M | 0.1% | 43K | +3% | |||
| 138 | $GD | GENERAL DYNAMICS CORP | Industrials | $2.7M | 0.1% | 7,514 | +3% | |||
| 139 | $JCI | Johnson Controls International plc | Industrials | $2.7M | 0.1% | 18K | -5% | |||
| 140 | $TER | TERADYNE, INC | Technology | $2.7M | 0.1% | 5,488 | +21% | |||
| 141 | $CSX | CSX CORP | Industrials | $2.7M | 0.1% | 56K | +3% | |||
| 142 | $CCZ | COMCAST CORP | Communication Services | $2.6M | 0.1% | 107K | +3% | |||
| 143 | $BBY | BEST BUY CO INC | Consumer Discretionary | $2.6M | 0.1% | 35K | +28% | |||
| 144 | — | ISHARES TR - CORE US AGGBD ET | — | $2.6M | 0.1% | 26K | New | |||
| 145 | $TPR | TAPESTRY, INC. | Consumer Discretionary | $2.6M | 0.1% | 18K | +4% | |||
| 146 | $BX | Blackstone Inc. | Financials | $2.6M | 0.1% | 22K | +3% | |||
| 147 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $2.6M | 0.1% | 28K | +2% | |||
| 148 | $NET | Cloudflare, Inc. | Technology | $2.6M | 0.1% | 11K | +10% | |||
| 149 | $MMM | 3M CO | Healthcare | $2.6M | 0.1% | 16K | -27% | |||
| 150 | $ELV | Elevance Health, Inc. | Healthcare | $2.6M | 0.1% | 6,615 | +3% |
What changed in Q2 2026
Against the previous quarter's 13F: 92 new, 633 added to, 100 trimmed, 18 sold out. Share-count changes; largest moves by dollar size first.
New positions (92)
- ISHARES TR - CORE US AGGBD ET$2.6M
first bought this quarter
$BEBloom Energy Corp$2.4M
first bought this quarter
$CRDOCredo Technology Group Holding Ltd$1.3M
first bought this quarter
$CRWVCoreWeave, Inc.$1.0M
first bought this quarter
$SUNBSunbelt Rentals Holdings, Inc.$905K
first bought this quarter
$STRLSTERLING INFRASTRUCTURE, INC.$743K
first bought this quarter
+86 more in the Excel export
Added to (633)
- ISHARES TR - CORE S&P500 ETF+60%
now $134.6M
$KLACKLA CORP+911%
now $11.6M · held 3+ qtrs
- ISHARES TR - IBOXX INV CP ETF+5%
now $127.4M
$BKNGBooking Holdings Inc.+2297%
now $4.5M · held 3+ qtrs
$MRNAModerna, Inc.+312%
now $3.0M · held 3+ qtrs
$VTRSViatris Inc+377%
now $2.6M · held 3+ qtrs
+627 more in the Excel export
Trimmed (100)
- ISHARES TR - USD INV GRDE ETF-71%
now $76.9M
- SPDR SERIES TRUST - STATE STREET SPD-71%
now $9.1M
- VANGUARD SCOTTSDALE FDS - TOTAL CORP BND-73%
now $7.5M
- ISHARES TR - ISHS 5-10YR INVT-70%
now $3.3M
- ISHARES TR - 10+ YR INVST GRD-70%
now $1.7M
$WWayfair Inc.-91%
now $269K
+94 more in the Excel export
Holdings by quarter
Every 13F North Dakota State Investment Board has filed, 2 earlier quarters. Pick one to see what it held then.
Is it too late to follow North Dakota State Investment Board?
Q2 2026 13F filed with the SEC on Aug 4, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of North Dakota State Investment Board's top 20 holdings: 77/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-0.4%
Value-weighted move of the 10 largest stock positions
Turnover
7%
Last quarter
Top 10 weight
37%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
North Dakota State Investment Board disclosed 826 positions worth $2.5B in its Form 13F-HR for Q2 2026, led by $NVDA (NVIDIA CORP) at 5.6% of the equity portfolio. During the quarter the fund opened 92 new positions and exited 18 and a full exit from $HON. The portfolio is most concentrated in Technology (37.8% of disclosed assets). All figures are sourced directly from North Dakota State Investment Board’s Form 13F-HR filing with the SEC under CIK 2064039.
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AI-Powered Hedge Fund Analysis: North Dakota State Investment Board
13F Pro is an AI hedge fund tracker and stock research platform. For North Dakota State Investment Board (SEC CIK: 2064039), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in North Dakota State Investment Board's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.