Q2 2026 13F · SEC CIK 2064039

North Dakota State Investment Board

Pension fundFiled 2026-08-04 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.5B
Reported positions: 826
Holdings vs S&P 500, 3 yrs: —
Average holding period: 3 qtrs

North Dakota State Investment Board is a pension fund that reported 826 positions worth $2.5B in its Q2 2026 13F, filed 2026-08-04. Its largest holdings were Nvidia Corporation Com (NVDA, 5.6%), Ishares Core S&p 500 ETF (IVV, 5.5%), Ishares Tr (LQD, 5.2%).

North Dakota State Investment Board holdings largest 50 of 826 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

North Dakota State Investment Board 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	5.6%	5.1%	687,707	+1.4%	$137.6M
IVVIshares Core S&p 500 ETF	5.5%	3.2%	179,687	+60.0%	$134.6M
LQDIshares Tr	5.2%	5.2%	1,167,864	+5.1%	$127.4M
AAPLApple Inc	5.0%	4.6%	426,229	+0.9%	$123.3M
MSFTMicrosoft Corp	3.3%	3.4%	219,052	+1.9%	$81.7M
USIGiShares Broad USD Invm Grd Cor	3.1%	11.6%	1,499,747	-71.4%	$76.9M
AMZNAmazon Com Inc Com	2.8%	2.5%	285,975	+2.9%	$68.2M
GOOGLAlphabet Inc	2.5%	2.1%	171,763	+2.0%	$61.4M
AVGOBroadcom Inc	2.1%	1.8%	137,340	+2.6%	$51.9M
GOOGAlphabet Inc	2.0%	1.7%	140,182	+2.2%	$49.5M
MUMicron Technology Inc	1.6%	0.5%	33,224	+2.6%	$38.4M
METAMeta Platforms Inc Class A	1.5%	1.6%	64,930	+2.6%	$36.6M
TSLATesla Inc Com	1.5%	1.3%	86,131	+5.3%	$36.2M
LLYLilly Eli & Co	1.1%	0.9%	23,539	+1.4%	$28.2M
AMDAdvanced Micro Devices Inc	1.1%	0.4%	47,888	+2.6%	$27.8M
BRK-BBerkshire Hathaway Inc Del	1.1%	1.1%	54,845	+2.6%	$27.4M
JPMJpmorgan Chase & Co	1.0%	1.0%	78,820	+0.1%	$25.8M
INTCIntel Corp	0.7%	—	129,279	—	$18.1M
JNJJohnson & Johnson	0.7%	0.7%	71,036	+1.9%	$18.0M
AMATApplied Matls Inc	0.7%	0.3%	23,375	+0.6%	$16.9M
XOMExxon Mobil Corp	0.7%	0.9%	122,689	+0.2%	$16.8M
VVisa Inc Com Cl A	0.7%	0.6%	48,684	-0.2%	$16.7M
LRCXLam Research Corp	0.6%	0.3%	36,844	+1.3%	$16.0M
IGSBIshares 1-3 Yr Credit Bond ETF	0.6%	0.8%	297,278	-11.3%	$15.6M
WMTWalmart Inc	0.6%	0.7%	129,371	+2.6%	$14.7M
CATCaterpillar Inc Com	0.6%	0.4%	13,389	-0.2%	$14.3M
CSCOCisco Sys Inc	0.6%	0.4%	119,859	+1.8%	$14.1M
ABBVAbbvie Inc	0.5%	0.5%	52,197	+1.7%	$13.1M
MAMastercard Inc.	0.5%	0.5%	23,921	+2.6%	$12.3M
COSTCostco Whsl Corp New	0.5%	0.6%	13,125	+2.0%	$12.3M
UNHUnitedhealth Group Inc Com	0.5%	0.3%	29,272	+11.0%	$12.2M
KLACKla Corp	0.5%	—	38,571	—	$11.6M
GEGe Aerospace	0.5%	0.4%	30,450	+1.0%	$11.4M
BACBank of Amer Corp	0.5%	0.4%	195,293	+1.4%	$11.1M
HDHome Depot Inc Com	0.4%	0.4%	29,607	+2.6%	$10.4M
PGProcter & Gamble Co Com	0.4%	0.4%	68,746	+1.0%	$10.1M
SNDKSandisk Corp	0.4%	—	4,253	—	$9.7M
KOCoca Cola Co	0.4%	0.4%	115,638	+2.6%	$9.4M
MRKMerck & Co. Inc	0.4%	0.4%	72,931	-0.1%	$9.4M
GEVGe Vernova Inc	0.4%	0.3%	7,931	+0.1%	$9.3M
CVXChevron Corp New	0.4%	0.5%	54,681	+0.7%	$9.1M
SPBOState Street ETF/USA	0.4%	1.4%	311,928	-71.4%	$9.1M
NFLXNetflix Inc Total	0.4%	0.5%	123,707	+0.7%	$8.8M
GSGoldman Sachs Group Inc	0.3%	0.3%	8,502	-0.1%	$8.6M
PMPhilip Morris Intl Inc Com	0.3%	0.3%	46,328	+2.6%	$8.4M
WDCWestern Digital Corp	0.3%	—	13,091	—	$8.4M
PANWPalo Alto Networks Inc	0.3%	—	23,786	—	$8.1M
TXNTexas Instruments Inc	0.3%	—	27,025	—	$8.1M
IBMInternational Business Machs	0.3%	0.3%	27,667	+2.6%	$7.8M
MRVLMarvell Technology Inc	0.3%	—	25,715	—	$7.7M

What North Dakota State Investment Board bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.5B	826
Q1 2026	$2.3B	752
Q4 2025	$2.7B	826

Questions about North Dakota State Investment Board's portfolio

What stocks does North Dakota State Investment Board own?

North Dakota State Investment Board's latest 13F, for Q2 2026 and filed Aug 4, 2026, lists 826 positions worth $2.5B. The largest are Nvidia Corporation Com (NVDA) at 5.6%, Ishares Core S&p 500 ETF (IVV) at 5.5%, Ishares Tr (LQD) at 5.2%, Apple Inc (AAPL) at 5.0% and Microsoft Corp (MSFT) at 3.3%.

What did North Dakota State Investment Board buy last quarter?

In Q2 2026, North Dakota State Investment Board added Ishares Core S&p 500 ETF (IVV) (+60.0% shares), Unitedhealth Group Inc Com (UNH) (+11.0% shares) and Tesla Inc Com (TSLA) (+5.3% shares), compared with its Q1 2026 filing.

What did North Dakota State Investment Board sell last quarter?

In Q2 2026, North Dakota State Investment Board cut from its top 50 Vanguard Total Corporate Bond ETF (VTC), cut from its top 50 Ishares Tr (IGIB), cut from its top 50 Palantir Technologies Inclass Class A (PLTR), cut from its top 50 Rtx Corporation Com (RTX), cut from its top 50 Wells Fargo Co New (WFC), iShares Broad USD Invm Grd Cor (USIG) (-71.4% shares), State Street ETF/USA (SPBO) (-71.4% shares) and Ishares 1-3 Yr Credit Bond ETF (IGSB) (-11.3% shares), compared with its Q1 2026 filing.

When is North Dakota State Investment Board's next 13F filing due?

13F filings are due 45 days after each quarter ends. North Dakota State Investment Board's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.