North Dakota State Investment Board
13F Reported Value
ⓘ$2.5B
Holdings
826
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
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 (38.4% 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.
AI Fund Analysis
Diversifying
Sector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 85.9#5
Quality
$137.6M687,707 sh ISHARES TR - CORE S&P500 ETF
—Quality
$134.6M179,687 shISHARES TR - IBOXX INV CP ETF
—Quality
$127.4M1,167,864 sh- 76.4
Quality
$123.3M426,229 sh - 79.8
Quality
$81.7M219,052 sh ISHARES TR - USD INV GRDE ETF
—Quality
$76.9M1,499,747 sh- 68.7
Quality
$68.2M285,975 sh - 78.2
Quality
$61.4M171,763 sh - 84.5
Quality
$51.9M137,340 sh - 78.2
Quality
$49.5M140,182 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 NVIDIA CORP$NVDA | 85.9#5 | $137.6M | 687,707 |
| ISHARES TR - CORE S&P500 ETF | — | $134.6M | 179,687 |
| ISHARES TR - IBOXX INV CP ETF | — | $127.4M | 1,167,864 |
 Apple Inc.$AAPL | 76.4 | $123.3M | 426,229 |
 MICROSOFT CORP$MSFT | 79.8 | $81.7M | 219,052 |
| ISHARES TR - USD INV GRDE ETF | — | $76.9M | 1,499,747 |
 AMAZON COM INC$AMZN | 68.7 | $68.2M | 285,975 |
 Alphabet Inc.$GOOG | 78.2 | $61.4M | 171,763 |
 Broadcom Inc.$AVGO | 84.5 | $51.9M | 137,340 |
 Alphabet Inc.$GOOGL | 78.2 | $49.5M | 140,182 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of North Dakota State Investment Board's 826 positions.
Showing top 10 of 826 holdings.
Sector Allocation
Technology
$946.0M
Other
$379.6M
Financials
$241.3M
Industrials
$215.2M
Consumer Discretionary
$191.5M
Healthcare
$178.8M
Consumer Staples
$67.3M
Energy
$63.7M
Top Holdings — North Dakota State Investment Board (Q2 2026)
Top 150 of 826 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $NVDA | NVIDIA CORP | $137.6M | 5.6% | +1% | 85.9 |
| 2 | — | ISHARES TR - CORE S&P500 ETF | $134.6M | 5.5% | +60% | — |
| 3 | — | ISHARES TR - IBOXX INV CP ETF | $127.4M | 5.2% | +5% | — |
| 4 | $AAPL | Apple Inc. | $123.3M | 5.0% | +1% | 76.4 |
| 5 | $MSFT | MICROSOFT CORP | $81.7M | 3.3% | +2% | 79.8 |
| 6 | — | ISHARES TR - USD INV GRDE ETF | $76.9M | 3.1% | -71% | — |
| 7 | $AMZN | AMAZON COM INC | $68.2M | 2.8% | +3% | 68.7 |
| 8 | $GOOG | Alphabet Inc. | $61.4M | 2.5% | +2% | 78.2 |
| 9 | $AVGO | Broadcom Inc. | $51.9M | 2.1% | +3% | 84.5 |
| 10 | $GOOGL | Alphabet Inc. | $49.5M | 2.0% | +2% | 78.2 |
| 11 |  $MU | MICRON TECHNOLOGY INC | $38.4M | 1.6% | +3% | 86.2 |
| 12 |  $META | Meta Platforms, Inc. | $36.6M | 1.5% | +3% | 79.6 |
| 13 |  $TSLA | Tesla, Inc. | $36.2M | 1.5% | +5% | 53.9 |
| 14 |  $LLY | ELI LILLY & Co | $28.2M | 1.1% | +1% | 87.5 |
| 15 |  $AMD | ADVANCED MICRO DEVICES INC | $27.8M | 1.1% | +3% | 79.8 |
| 16 |  $BRK.B | BERKSHIRE HATHAWAY INC | $27.4M | 1.1% | +3% | 73.8 |
| 17 |  $JPM | JPMORGAN CHASE & CO | $25.8M | 1.1% | +0% | 70.7 |
| 18 |  $INTC | INTEL CORP | $18.1M | 0.7% | +1% | 45.6 |
| 19 |  $JNJ | JOHNSON & JOHNSON | $18.0M | 0.7% | +2% | 69 |
| 20 |  $AMAT | APPLIED MATERIALS INC /DE | $16.9M | 0.7% | +1% | 72.3 |
| 21 |  $XOM.R34088 | EXXON MOBIL CORP | $16.8M | 0.7% | +0% | 57.9 |
| 22 |  $V | VISA INC. | $16.7M | 0.7% | -0% | 82.9 |
| 23 |  $LRCX | LAM RESEARCH CORP | $16.0M | 0.7% | +1% | 79.4 |
| 24 | — | ISHARES TR - ISHS 1-5YR INVS | $15.6M | 0.6% | -11% | — |
| 25 |  $WMT | Walmart Inc. | $14.7M | 0.6% | +3% | 60.2 |
| 26 |  $CAT | CATERPILLAR INC | $14.3M | 0.6% | -0% | 66.5 |
| 27 |  $CSCO | CISCO SYSTEMS, INC. | $14.1M | 0.6% | +2% | 70.3 |
| 28 |  $ABBV | AbbVie Inc. | $13.1M | 0.5% | +2% | 72.6 |
| 29 |  $MA | Mastercard Inc | $12.3M | 0.5% | +3% | 85.1 |
| 30 |  $COST | COSTCO WHOLESALE CORP /NEW | $12.3M | 0.5% | +2% | 66.2 |
| 31 |  $UNH | UNITEDHEALTH GROUP INC | $12.2M | 0.5% | +11% | 62.7 |
| 32 |  $KLAC | KLA CORP | $11.6M | 0.5% | +911% | 78.6 |
| 33 |  $GE | GENERAL ELECTRIC CO | $11.4M | 0.5% | +1% | 73.8 |
| 34 |  $BAC | BANK OF AMERICA CORP /DE/ | $11.1M | 0.5% | +1% | 67.6 |
| 35 |  $HD | HOME DEPOT, INC. | $10.4M | 0.4% | +3% | 60.3 |
| 36 |  $PG | PROCTER & GAMBLE Co | $10.1M | 0.4% | +1% | 64.6 |
| 37 |  $SNDK | Sandisk Corp | $9.7M | 0.4% | +9% | 87.7 |
| 38 |  $KO | COCA COLA CO | $9.4M | 0.4% | +3% | 69.5 |
| 39 |  $MRK | Merck & Co., Inc. | $9.4M | 0.4% | -0% | 59.9 |
| 40 |  $GEV | GE Vernova Inc. | $9.3M | 0.4% | +0% | 81.1 |
| 41 |  $CVX | CHEVRON CORP | $9.1M | 0.4% | +1% | 62.8 |
| 42 | — | SPDR SERIES TRUST - STATE STREET SPD | $9.1M | 0.4% | -71% | — |
| 43 |  $NFLX | NETFLIX INC | $8.8M | 0.4% | +1% | 78.8 |
| 44 |  $GS | GOLDMAN SACHS GROUP INC | $8.6M | 0.3% | -0% | 73.5 |
| 45 |  $PM | Philip Morris International Inc. | $8.4M | 0.3% | +3% | 75.9 |
| 46 |  $WDC | WESTERN DIGITAL CORP | $8.4M | 0.3% | -21% | 80.7 |
| 47 |  $PANW | Palo Alto Networks Inc | $8.1M | 0.3% | +6% | 65.5 |
| 48 |  $TXN | TEXAS INSTRUMENTS INC | $8.1M | 0.3% | +3% | 73.4 |
| 49 |  $IBM | INTERNATIONAL BUSINESS MACHINES CORP | $7.8M | 0.3% | +3% | 70 |
| 50 |  $MRVL | Marvell Technology, Inc. | $7.7M | 0.3% | +3% | 76.5 |
| 51 |  $PLTR | Palantir Technologies Inc. | $7.6M | 0.3% | +1% | 84.6 |
| 52 |  $RTX | RTX Corp | $7.5M | 0.3% | +3% | 73.2 |
| 53 | — | VANGUARD SCOTTSDALE FDS - TOTAL CORP BND | $7.5M | 0.3% | -73% | — |
| 54 |  $WFC | WELLS FARGO & COMPANY/MN | $7.5M | 0.3% | -1% | 61.8 |
| 55 |  $ORCL | ORACLE CORP | $7.3M | 0.3% | +3% | 66.2 |
| 56 |  $C | CITIGROUP INC | $7.3M | 0.3% | +1% | 65 |
| 57 |  $LIN | LINDE PLC | $7.1M | 0.3% | -0% | — |
| 58 |  $MS | MORGAN STANLEY | $6.9M | 0.3% | -1% | 75.8 |
| 59 |  $QCOM | QUALCOMM INC/DE | $6.8M | 0.3% | +0% | 70.5 |
| 60 |  $APH | AMPHENOL CORP /DE/ | $6.4M | 0.3% | +3% | 79.3 |
| 61 |  $GLW | CORNING INC /NY | $5.9M | 0.2% | +3% | 73.7 |
| 62 |  $AMGN | AMGEN INC | $5.8M | 0.2% | +0% | 79.2 |
| 63 |  $ADI | ANALOG DEVICES INC | $5.8M | 0.2% | +1% | 79.2 |
| 64 |  $MCD | MCDONALDS CORP | $5.7M | 0.2% | +3% | 69 |
| 65 |  $CRWD | CrowdStrike Holdings, Inc. | $5.6M | 0.2% | +3% | 67.7 |
| 66 |  $PEP | PEPSICO INC | $5.5M | 0.2% | +3% | 63.4 |
| 67 |  $TMO | THERMO FISHER SCIENTIFIC INC. | $5.5M | 0.2% | +0% | 65.1 |
| 68 |  $NEE | NEXTERA ENERGY INC | $5.4M | 0.2% | +3% | 64.6 |
| 69 |  $VZ | VERIZON COMMUNICATIONS INC | $5.3M | 0.2% | +2% | 65.8 |
| 70 |  $AXP | AMERICAN EXPRESS CO | $5.3M | 0.2% | +0% | 69.4 |
| 71 |  $CVS | CVS HEALTH Corp | $5.3M | 0.2% | +37% | 59.4 |
| 72 |  $ANET | Arista Networks, Inc. | $5.2M | 0.2% | +3% | 81.9 |
| 73 |  $DIS | Walt Disney Co | $5.1M | 0.2% | +1% | 60.1 |
| 74 |  $TJX | TJX COMPANIES INC /DE/ | $5.0M | 0.2% | +3% | 68.7 |
| 75 |  $ETN | Eaton Corp plc | $5.0M | 0.2% | +3% | — |
| 76 |  $BA | BOEING CO | $4.9M | 0.2% | +4% | 61.6 |
| 77 |  $UNP | UNION PACIFIC CORP | $4.8M | 0.2% | +3% | 69.7 |
| 78 |  $DELL | Dell Technologies Inc. | $4.7M | 0.2% | +20% | 71.2 |
| 79 |  $GILD | GILEAD SCIENCES, INC. | $4.7M | 0.2% | -4% | 57.4 |
| 80 |  $ABT | ABBOTT LABORATORIES | $4.7M | 0.2% | +3% | 65.5 |
| 81 |  $WELL | WELLTOWER INC. | $4.6M | 0.2% | +3% | 59.8 |
| 82 |  $DE | DEERE & CO | $4.6M | 0.2% | +3% | 55.4 |
| 83 |  $BMY | BRISTOL MYERS SQUIBB CO | $4.6M | 0.2% | +29% | 70.4 |
| 84 |  $BKNG | Booking Holdings Inc. | $4.5M | 0.2% | +2297% | 58.5 |
| 85 |  $SCHW | SCHWAB CHARLES CORP | $4.4M | 0.2% | -3% | 79.4 |
| 86 |  $BLK | BlackRock, Inc. | $4.4M | 0.2% | +3% | 70 |
| 87 |  $ISRG | INTUITIVE SURGICAL INC | $4.2M | 0.2% | +3% | 79.9 |
| 88 |  $UBER | Uber Technologies, Inc | $4.2M | 0.2% | -1% | 73.5 |
| 89 |  $T | AT&T INC. | $4.1M | 0.2% | -0% | 65.7 |
| 90 |  $EXPE | Expedia Group, Inc. | $4.1M | 0.2% | +67% | 71.1 |
| 91 |  $PFE | PFIZER INC | $4.1M | 0.2% | -8% | 62 |
| 92 |  $NEM | NEWMONT Corp /DE/ | $3.9M | 0.2% | +31% | 86.8 |
| 93 |  $SBUX | STARBUCKS CORP | $3.8M | 0.2% | +14% | 58.2 |
| 94 |  $COP | CONOCOPHILLIPS | $3.8M | 0.2% | +2% | 70.2 |
| 95 |  $PGR | PROGRESSIVE CORP/OH/ | $3.8M | 0.1% | +3% | 80.1 |
| 96 |  $VRT | Vertiv Holdings Co | $3.8M | 0.1% | +3% | 81 |
| 97 |  $MO | ALTRIA GROUP, INC. | $3.8M | 0.1% | +8% | 67.4 |
| 98 |  $VRTX | VERTEX PHARMACEUTICALS INC / MA | $3.7M | 0.1% | +1% | 75.4 |
| 99 |  $FTNT | Fortinet, Inc. | $3.7M | 0.1% | +32% | 80.1 |
| 100 |  $PLD | Prologis, Inc. | $3.7M | 0.1% | +3% | 68.3 |
| 101 |  $PH | Parker-Hannifin Corp | $3.7M | 0.1% | +3% | 65.8 |
| 102 |  $LOW | LOWES COMPANIES INC | $3.7M | 0.1% | +0% | 60.8 |
| 103 |  $CRM | Salesforce, Inc. | $3.7M | 0.1% | -13% | 77 |
| 104 |  $COF | CAPITAL ONE FINANCIAL CORP | $3.7M | 0.1% | +0% | 62.4 |
| 105 |  $APP | AppLovin Corp | $3.7M | 0.1% | +3% | 84.4 |
| 106 |  $ILMN | ILLUMINA, INC. | $3.6M | 0.1% | +33% | 60.4 |
| 107 |  $DHR | DANAHER CORP /DE/ | $3.6M | 0.1% | +3% | 64.8 |
| 108 |  $SPGI | S&P Global Inc. | $3.6M | 0.1% | -1% | 76.1 |
| 109 |  $CB | Chubb Ltd | $3.5M | 0.1% | -2% | — |
| 110 |  $SNOW | Snowflake Inc. | $3.4M | 0.1% | -5% | 54.9 |
| 111 |  $GM | General Motors Co | $3.4M | 0.1% | +65% | 54.3 |
| 112 | — | ISHARES TR - ISHS 5-10YR INVT | $3.3M | 0.1% | -70% | — |
| 113 |  $TGT | TARGET CORP | $3.3M | 0.1% | +31% | 60.7 |
| 114 |  $TT | Trane Technologies plc | $3.3M | 0.1% | +3% | — |
| 115 |  $SYK | STRYKER CORP | $3.2M | 0.1% | +3% | 72.1 |
| 116 |  $HWM | Howmet Aerospace Inc. | $3.2M | 0.1% | +3% | 73.9 |
| 117 |  $FDX | FEDEX CORP | $3.2M | 0.1% | +63% | 60.3 |
| 118 |  $PWR | QUANTA SERVICES, INC. | $3.2M | 0.1% | +3% | 72.1 |
| 119 |  $ABNB | Airbnb, Inc. | $3.1M | 0.1% | +23% | 71 |
| 120 |  $SO | SOUTHERN CO | $3.1M | 0.1% | +3% | 62 |
| 121 |  $LMT | LOCKHEED MARTIN CORP | $3.1M | 0.1% | +3% | 65.6 |
| 122 |  $NOW | ServiceNow, Inc. | $3.1M | 0.1% | +4% | 72.9 |
| 123 |  $CDNS | CADENCE DESIGN SYSTEMS INC | $3.0M | 0.1% | +3% | 72.6 |
| 124 |  $HUM | HUMANA INC | $3.0M | 0.1% | +47% | 58.9 |
| 125 |  $EQIX | EQUINIX INC | $3.0M | 0.1% | +3% | 59 |
| 126 |  $MRNA | Moderna, Inc. | $3.0M | 0.1% | +312% | 21.2 |
| 127 |  $MDT | Medtronic plc | $3.0M | 0.1% | +3% | 68.7 |
| 128 |  $BNY | Bank of New York Mellon Corp | $3.0M | 0.1% | +1% | 74.1 |
| 129 |  $DUK | Duke Energy CORP | $2.9M | 0.1% | +3% | 56.4 |
| 130 |  $CMI | CUMMINS INC | $2.9M | 0.1% | +3% | 58.1 |
| 131 |  $PNC | PNC FINANCIAL SERVICES GROUP, INC. | $2.9M | 0.1% | +1% | 73.7 |
| 132 |  $USB | US BANCORP \DE\ | $2.8M | 0.1% | +3% | 65.3 |
| 133 |  $EL | ESTEE LAUDER COMPANIES INC | $2.8M | 0.1% | +46% | 51.2 |
| 134 |  $MCK | MCKESSON CORP | $2.8M | 0.1% | -11% | 63.4 |
| 135 |  $WMB | WILLIAMS COMPANIES, INC. | $2.7M | 0.1% | +3% | 64.3 |
| 136 |  $ADP | AUTOMATIC DATA PROCESSING INC | $2.7M | 0.1% | +2% | 69.8 |
| 137 |  $FCX | FREEPORT-MCMORAN INC | $2.7M | 0.1% | +3% | 62 |
| 138 |  $GD | GENERAL DYNAMICS CORP | $2.7M | 0.1% | +3% | 68.7 |
| 139 |  $JCI | Johnson Controls International plc | $2.7M | 0.1% | -5% | — |
| 140 |  $TER | TERADYNE, INC | $2.7M | 0.1% | +21% | 77.3 |
| 141 |  $CSX | CSX CORP | $2.7M | 0.1% | +3% | 65.2 |
| 142 |  $CCZ | COMCAST CORP | $2.6M | 0.1% | +3% | 59.5 |
| 143 |  $BBY | BEST BUY CO INC | $2.6M | 0.1% | +28% | 60.2 |
| 144 | — | ISHARES TR - CORE US AGGBD ET | $2.6M | 0.1% | NEW | — |
| 145 |  $TPR | TAPESTRY, INC. | $2.6M | 0.1% | +4% | 72.7 |
| 146 |  $BX | Blackstone Inc. | $2.6M | 0.1% | +3% | 74.4 |
| 147 |  $CL | COLGATE PALMOLIVE CO | $2.6M | 0.1% | +2% | 61.3 |
| 148 |  $NET | Cloudflare, Inc. | $2.6M | 0.1% | +10% | 56.4 |
| 149 |  $MMM | 3M CO | $2.6M | 0.1% | -27% | 64.9 |
| 150 |  $ELV | Elevance Health, Inc. | $2.6M | 0.1% | +3% | 59 |
New Positions (92)
$BE Bloom Energy Corp$2.4M
$CRDO Credo Technology Group Holding Ltd$1.3M
$CRWV CoreWeave, Inc.$1.0M
$SUNB Sunbelt Rentals Holdings, Inc.$905,051
$STRL STERLING INFRASTRUCTURE, INC.$742,834
$AMCR Amcor plc$594,155
$FN Fabrinet$592,994
$IONQ IonQ, Inc.$576,060
$GH Guardant Health, Inc.$562,763
$TTMI TTM TECHNOLOGIES INC$561,434
$NXT Nextpower Inc.$519,689
$MDLN Medline Inc.$501,716
$CDE Coeur Mining, Inc.$494,219
$SITM SITIME Corp$488,342Exited Positions (18)
$HON HONEYWELL INTERNATIONAL INC
$CHWY Chewy, Inc.
$CCL Carnival Corp Ltd.
$DD DuPont de Nemours, Inc.
$CTRA Coterra Energy Inc.
$HOLX HOLOGIC INC
$CHRD Chord Energy Corp
$MOS MOSAIC CO
$MASI MASIMO CORP
$MTDR Matador Resources Co
$EPAM EPAM Systems, Inc.
$INGR Ingredion Inc
$CE Celanese Corp
$DOX AMDOCS LTD
$TAP MOLSON COORS BEVERAGE COBrowse Top Institutional Investors
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