North Dakota State Investment Board Top Holdings and 13F Report (2026)

About North Dakota State Investment Board

Investment Activity

North Dakota State Investment Board has $2.55 billion in total holdings as of September 30, 2026.
North Dakota State Investment Board owns shares of 811 different stocks, but just 158 companies or ETFs make up 80% of its holdings.
Approximately 10.96% of the portfolio was purchased this quarter.
About 8.22% of the portfolio was sold this quarter.
This quarter, North Dakota State Investment Board has purchased 826 new stocks and bought additional shares in 663 stocks.
North Dakota State Investment Board sold shares of 115 stocks and completely divested from 42 stocks this quarter.

Largest Holdings

NVIDIA: $163,174,769
iShares iBoxx $ Investment Grade Corporate Bond ETF: $147,874,692
Apple: $147,470,914
Microsoft: $116,710,908
Amazon.com: $74,026,950

Largest New Holdings this Quarter

464287150 - iShares Core S&P Total U.S. Stock Market ETF: $26,559,406 Holding
30233Q108 - EXXONMOBIL HOLDINGS CORP: $20,671,366 Holding
46432F834 - iShares Core MSCI Total International Stock ETF: $15,525,261 Holding
78462F103 - SPDR S&P 500 ETF Trust: $14,155,938 Holding
84615Q103 - SPACE EXPLORATION TECHN CORP: $2,572,465 Holding

Largest Purchases this Quarter

iShares iBoxx $ Investment Grade Corporate Bond ETF: 279,334 shares (about $28.54M)
iShares Core U.S. Aggregate Bond ETF: 283,151 shares (about $26.77M)
iShares Core S&P Total U.S. Stock Market ETF: 159,727 shares (about $26.56M)
EXXONMOBIL HOLDINGS CORP: 127,013 shares (about $20.67M)
iShares Core MSCI Total International Stock ETF: 163,441 shares (about $15.53M)

Largest Sales this Quarter

iShares Core S&P 500 ETF: 176,785 shares (about $135.39M)
Moderna: 27,663 shares (about $5.33M)
Illumina: 15,795 shares (about $4.32M)
Estee Lauder Companies: 27,688 shares (about $2.57M)
Best Buy: 23,799 shares (about $2.10M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
NVDA NVIDIA	$163,174,769	$6,116,245 ▲	3.9%	714,488	6.4%	Technology
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	$147,874,692	$28,542,348 ▲	23.9%	1,447,198	5.8%	ETF
AAPL Apple	$147,470,914	$5,528,132 ▲	3.9%	442,829	5.8%	Technology
MSFT Microsoft	$116,710,908	$4,359,137 ▲	3.9%	227,551	4.6%	Technology
AMZN Amazon.com	$74,026,950	$2,776,278 ▲	3.9%	297,118	2.9%	Consumer Discretionary
USIG iShares Broad USD Investment Grade Corporate Bond ETF	$73,052,676		0.0%	1,499,747	2.9%	ETF
GOOGL Alphabet	$61,406,925	$2,306,712 ▲	3.9%	178,467	2.4%	Communication Services
AVGO Broadcom	$50,040,010	$1,807,575 ▲	3.7%	142,487	2.0%	Technology
GOOG Alphabet	$49,621,966	$1,856,352 ▲	3.9%	145,630	1.9%	Communication Services
META Meta Platforms	$48,822,744	$1,736,806 ▲	3.7%	67,325	1.9%	Communication Services
MU Micron Technology	$36,773,988	$1,386,773 ▲	3.9%	34,526	1.4%	Technology
TSLA Tesla	$31,745,915	$1,185,775 ▲	3.9%	89,473	1.2%	Consumer Discretionary
AMD Advanced Micro Devices	$30,477,883	$1,181,920 ▲	4.0%	49,820	1.2%	Technology
AGG iShares Core U.S. Aggregate Bond ETF	$29,270,624	$26,769,096 ▲	1,070.1%	309,611	1.1%	ETF
BRK.B Berkshire Hathaway	$28,402,072	$1,092,004 ▲	4.0%	57,038	1.1%	Finance
LLY Eli Lilly and Company	$28,294,077	$1,057,571 ▲	3.9%	24,453	1.1%	Healthcare
JPM JPMorgan Chase & Co.	$27,093,323	$1,017,302 ▲	3.9%	81,895	1.1%	Finance
ITOT iShares Core S&P Total U.S. Stock Market ETF	$26,559,406	$26,559,406 ▲	New Holding	159,727	1.0%	ETF
EXXONMOBIL HOLDINGS CORP	$20,671,366	$20,671,366 ▲	New Holding	127,013	0.8%	COM SHS
JNJ Johnson & Johnson	$19,538,606	$732,536 ▲	3.9%	73,803	0.8%	Healthcare
V Visa	$18,333,735	$840,114 ▲	4.8%	51,022	0.7%	Finance
INTC Intel	$16,824,866	$1,281,652 ▲	8.2%	139,939	0.7%	Technology
IXUS iShares Core MSCI Total International Stock ETF	$15,525,261	$15,525,261 ▲	New Holding	163,441	0.6%	ETF
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF	$15,229,552		0.0%	297,278	0.6%	ETF
ABBV AbbVie	$14,185,503	$531,289 ▲	3.9%	54,228	0.6%	Healthcare
SPY SPDR S&P 500 ETF Trust	$14,155,938	$14,155,938 ▲	New Holding	18,562	0.6%	ETF
WALMART INC	$13,971,213	$526,978 ▲	3.9%	134,442	0.5%	COM
MA Mastercard	$13,643,919	$452,205 ▲	3.4%	24,741	0.5%	Finance
CSCO Cisco Systems	$13,402,410	$501,986 ▲	3.9%	124,523	0.5%	Technology
PALANTIR TECHNOLOGIES INC	$12,722,019	$572,560 ▲	4.7%	68,014	0.5%	CL A
LAM RESEARCH CORP	$12,574,706	$471,083 ▲	3.9%	38,278	0.5%	COM NEW
AMAT Applied Materials	$12,416,818	$463,310 ▲	3.9%	24,281	0.5%	Technology
COST Costco Wholesale	$12,373,341	$425,129 ▲	3.6%	13,592	0.5%	Consumer Staples
CVX Chevron	$11,604,233	$437,826 ▲	3.9%	56,825	0.5%	Energy
CAT Caterpillar	$11,279,710	$424,043 ▲	3.9%	13,912	0.4%	Industrials
BAC Bank of America	$11,023,164	$393,366 ▲	3.7%	202,520	0.4%	Finance
MRK Merck & Co., Inc.	$11,010,720	$413,116 ▲	3.9%	75,774	0.4%	Healthcare
UNH UnitedHealth Group	$10,500,690	$244,475 ▼	-2.3%	28,606	0.4%	Healthcare
PG Procter & Gamble	$10,376,479	$389,060 ▲	3.9%	71,424	0.4%	Consumer Staples
KO Coca-Cola	$10,247,221	$293,102 ▲	2.9%	119,043	0.4%	Consumer Staples
GE GE Aerospace	$9,879,606	$370,376 ▲	3.9%	31,636	0.4%	Industrials
PANW Palo Alto Networks	$9,812,762	$362,347 ▲	3.8%	24,698	0.4%	Technology
C Citigroup	$9,549,409	$2,811,788 ▲	41.7%	73,752	0.4%	Finance
CRWD CrowdStrike	$9,341,968	$7,395,261 ▲	379.9%	35,286	0.4%	Technology
PM Philip Morris International	$9,114,517	$274,208 ▲	3.1%	47,765	0.4%	Consumer Staples
NFLX Netflix	$8,907,145	$299,611 ▲	3.5%	128,013	0.3%	Communication Services
HD Home Depot	$8,691,738	$268,843 ▲	3.2%	30,552	0.3%	Consumer Discretionary
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF	$8,662,164	$5,490,114 ▲	173.1%	172,039	0.3%	ETF
SPBO SPDR Portfolio Corporate Bond ETF	$8,574,901		0.0%	311,928	0.3%	ETF
GS The Goldman Sachs Group	$7,952,880	$298,019 ▲	3.9%	8,833	0.3%	Finance
GE VERNOVA INC	$7,832,988	$294,652 ▲	3.9%	8,241	0.3%	COM
KLAC KLA	$7,809,481	$290,836 ▲	3.9%	40,063	0.3%	Technology
TXN Texas Instruments	$7,801,067	$231,634 ▲	3.1%	27,852	0.3%	Technology
SANDISK CORP	$7,752,950	$353,198 ▲	4.8%	4,456	0.3%	COM
TMO Thermo Fisher Scientific	$7,686,794	$287,571 ▲	3.9%	11,387	0.3%	Healthcare
RTX RTX	$7,670,130	$284,416 ▲	3.9%	41,315	0.3%	Industrials
WFC Wells Fargo & Company	$7,657,583	$428,348 ▲	5.9%	95,660	0.3%	Finance
ORCL Oracle	$7,207,564	$334,875 ▲	4.9%	52,495	0.3%	Technology
VTC Vanguard Total Corporate Bond ETF	$7,135,288		0.0%	98,039	0.3%	ETF
MRVL Marvell Technology	$7,058,634	$264,474 ▲	3.9%	26,716	0.3%	Technology
DELL Dell Technologies	$7,000,343	$1,078,590 ▲	18.2%	13,013	0.3%	Technology
AMGN Amgen	$6,968,403	$226,772 ▲	3.4%	16,532	0.3%	Healthcare
LINDE PLC	$6,703,482	$250,615 ▲	3.9%	14,123	0.3%	SHS
ARISTA NETWORKS INC	$6,512,030	$266,703 ▲	4.3%	31,986	0.3%	COM SHS
MS Morgan Stanley	$6,456,222	$242,623 ▲	3.9%	34,327	0.3%	Finance
IBM International Business Machines	$6,337,723	$252,920 ▲	4.2%	28,817	0.2%	Technology
APH Amphenol	$6,333,628	$3,274,971 ▲	107.1%	75,132	0.2%	Technology
QCOM Qualcomm	$6,187,425	$546,047 ▼	-8.1%	33,620	0.2%	Technology
ADI Analog Devices	$5,931,211	$165,428 ▲	2.9%	14,951	0.2%	Technology
VZ Verizon Communications	$5,882,231	$121,555 ▲	2.1%	128,237	0.2%	Communication Services
FTNT Fortinet	$5,741,771	$1,381,100 ▲	31.7%	32,120	0.2%	Technology
SCHW Charles Schwab	$5,730,594	$1,021,383 ▲	21.7%	58,631	0.2%	Finance
GILD Gilead Sciences	$5,671,352	$151,733 ▲	2.7%	38,050	0.2%	Healthcare
DIS Walt Disney	$5,663,026	$121,684 ▲	2.2%	53,985	0.2%	Communication Services
CRM Salesforce	$5,589,111	$208,909 ▲	3.9%	24,346	0.2%	Technology
PEP PepsiCo	$5,297,403	$133,943 ▲	2.6%	41,804	0.2%	Consumer Staples
ABT Abbott Laboratories	$5,245,402	$156,646 ▲	3.1%	53,075	0.2%	Healthcare
COP ConocoPhillips	$5,188,969	$584,200 ▲	12.7%	41,462	0.2%	Energy
NET Cloudflare	$5,126,547	$1,479,760 ▲	40.6%	14,762	0.2%	Technology
ETN Eaton	$5,114,408	$106,998 ▲	2.1%	11,902	0.2%	Industrials
BANK OF NY MELLON CORP	$5,102,402	$2,140,958 ▲	72.3%	35,279	0.2%	COM
DE Deere & Company	$5,078,261	$199,450 ▲	4.1%	7,562	0.2%	Industrials
T AT&T	$5,039,722	$166,628 ▲	3.4%	206,546	0.2%	Communication Services
MCD McDonald's	$5,023,407	$114,546 ▲	2.3%	21,752	0.2%	Consumer Discretionary
WELL Welltower	$5,020,613	$312,896 ▲	6.6%	21,806	0.2%	Real Estate
BKNG Booking	$5,005,247	$889,326 ▲	21.6%	30,724	0.2%	Consumer Discretionary
PFE Pfizer	$4,973,831	$156,004 ▲	3.2%	174,398	0.2%	Healthcare
CAH Cardinal Health	$4,950,625	$3,371,765 ▲	213.6%	22,250	0.2%	Healthcare
VLO Valero Energy	$4,950,167	$1,446,560 ▲	41.3%	12,771	0.2%	Energy
BLACKROCK INC	$4,949,622	$148,161 ▲	3.1%	4,677	0.2%	COM
UNP Union Pacific	$4,946,779	$107,491 ▲	2.2%	18,178	0.2%	Industrials
AXP American Express	$4,928,245	$168,167 ▲	3.5%	16,206	0.2%	Finance
NEE NextEra Energy	$4,842,891	$144,360 ▲	3.1%	63,941	0.2%	Utilities
NEM Newmont	$4,833,438	$38,754 ▲	0.8%	41,906	0.2%	Materials
WDC Western Digital	$4,822,730	$1,126,606 ▼	-18.9%	10,612	0.2%	Technology
PGR Progressive	$4,760,045	$1,147,668 ▲	31.8%	22,961	0.2%	Finance
TJX TJX Companies	$4,483,457	$82,826 ▲	1.9%	33,886	0.2%	Consumer Discretionary
ISRG Intuitive Surgical	$4,390,384	$122,396 ▲	2.9%	10,797	0.2%	Healthcare
BA Boeing	$4,331,616	$151,445 ▲	3.6%	23,282	0.2%	Industrials
MCK McKesson	$4,323,694	$1,185,942 ▲	37.8%	5,064	0.2%	Healthcare

Showing largest 100 holdings. View all holdings.

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North Dakota State Investment Board Top Holdings and 13F Report (2026)

About North Dakota State Investment Board

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

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North Dakota State Investment Board Top Holdings and 13F Report (2026)

About North Dakota State Investment Board

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofNorth Dakota State Investment Board

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools