North Dakota State Investment Board reported 796 positions worth $2.20B for the quarter ended Sep 30, 2026, up 5.8% on the prior quarter. It opened 21 new positions, added to 660, trimmed 114 and exited 34. Its largest holding is Nvidia Corp at 7.4% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| NVDA Nvidia Corp | +26.8K | +3.9% | $6.12M | 7.43% |
| AAPL Apple Inc. | +16.6K | +3.9% | $5.53M | 6.71% |
| MSFT Microsoft Corp | +8,499 | +3.9% | $4.36M | 5.31% |
| CAH Cardinal Health Inc | +15.2K | +213.6% | $3.37M | 0.225% |
| C Citigroup Inc | +21.7K | +41.7% | $2.81M | 0.435% |
| AMZN Amazon Com Inc | +11.1K | +3.9% | $2.78M | 3.37% |
| SPCX Space Exploration Technologies Corp | +17.1K | – | $2.57M | 0.117% |
| GOOGL Alphabet Inc. | +6,704 | +3.9% | $2.31M | 2.79% |
| RVMD Revolution Medicines, Inc. | +11.2K | +210.2% | $2.30M | 0.155% |
| BNY Bank of New York Mellon Corp | +14.8K | +72.3% | $2.14M | 0.232% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MRNA Moderna, Inc. | -27.7K | -64.1% | $5.33M | 0.136% |
| ILMN Illumina, Inc. | -15.8K | -77.2% | $4.32M | 0.058% |
| EL Estee Lauder Companies Inc | -27.7K | -78.6% | $2.57M | 0.032% |
| BBY Best Buy Co Inc | -23.8K | -68.7% | $2.10M | 0.043% |
| TGT Target Corp | -11.5K | -45.3% | $1.80M | 0.099% |
| BWA Borgwarner Inc | -26.6K | -80.9% | $1.60M | 0.017% |
| VTRS Viatris Inc | -89.8K | -55.8% | $1.59M | 0.057% |
| TWLO Twilio Inc | -4,636 | -50.6% | $1.36M | 0.06% |
| DG Dollar General Corp | -11.2K | -62.5% | $1.34M | 0.037% |
| XYZ Block, Inc. | -16.8K | -51.3% | $1.24M | 0.053% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| SPCX Space Exploration Technologies Corp | +17.1K | $2.57M | 0.117% |
| HON Honeywell International Inc | +9,719 | $2.05M | 0.093% |
| HONA Honeywell Aerospace Inc. | +9,719 | $1.51M | 0.069% |
| CCL Carnival Corp Ltd. | +39.1K | $958.70K | 0.044% |
| DD DuPont de Nemours, Inc. | +4,185 | $543.59K | 0.025% |
| FDXF FedEx Freight Holding Company, Inc. | +3,634 | $397.49K | 0.018% |
| ASND Ascendis Pharma A/S | +1,559 | $355.19K | 0.016% |
| PAYC Paycom Software, Inc. | +1,254 | $272.93K | 0.012% |
| TEM Tempus AI, Inc. | +3,291 | $269.53K | 0.012% |
| ESTC Elastic N.V. | +2,783 | $255.20K | 0.012% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| UI Ubiquiti Inc. | -1,132 | $604.52K | 0.029% |
| GFS GLOBALFOUNDRIES Inc. | -3,651 | $300.88K | 0.014% |
| MGM MGM Resorts International | -6,093 | $291.31K | 0.014% |
| BLDR Builders FirstSource, Inc. | -3,227 | $288.75K | 0.014% |
| APLD Applied Digital Corp. | -7,511 | $280.16K | 0.013% |
| PL Planet Labs PBC | -8,227 | $272.56K | 0.013% |
| BROS Dutch Bros Inc. | -3,691 | $265.05K | 0.013% |
| ALGM Allegro Microsystems, Inc. | -3,689 | $256.83K | 0.012% |
| AAON Aaon, Inc. | -1,998 | $253.47K | 0.012% |
| ECG Everus Construction Group, Inc. | -1,512 | $250.92K | 0.012% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA Nvidia Corp | Technology | 714.5K | $163.17M | 7.43% | +26.8K | +3.9% | Added | 0% |
| 2 | AAPL Apple Inc. | Technology | 442.8K | $147.47M | 6.71% | +16.6K | +3.9% | Added | 0% |
| 3 | MSFT Microsoft Corp | Technology | 227.6K | $116.71M | 5.31% | +8,499 | +3.9% | Added | 0% |
| 4 | AMZN Amazon Com Inc | Consumer Discretionary | 297.1K | $74.03M | 3.37% | +11.1K | +3.9% | Added | 0% |
| 5 | GOOGL Alphabet Inc. | Technology | 178.5K | $61.41M | 2.79% | +6,704 | +3.9% | Added | 0% |
| 6 | AVGO Broadcom Inc. | Technology | 142.5K | $50.04M | 2.28% | +5,147 | +3.7% | Added | 0% |
| 7 | GOOG Alphabet Inc. | Technology | 145.6K | $49.62M | 2.26% | +5,448 | +3.9% | Added | 0% |
| 8 | META Meta Platforms, Inc. | Technology | 67.3K | $48.82M | 2.22% | +2,395 | +3.7% | Added | 0% |
| 9 | MU Micron Technology Inc | Technology | 34.5K | $36.77M | 1.67% | +1,302 | +3.9% | Added | 0% |
| 10 | TSLA Tesla, Inc. | Consumer Discretionary | 89.5K | $31.75M | 1.44% | +3,342 | +3.9% | Added | 0% |
| 11 | AMD Advanced Micro Devices Inc | Technology | 49.8K | $30.48M | 1.39% | +1,932 | +4.0% | Added | 0% |
| 12 | BRK-B Berkshire Hathaway Inc | Financial Services | 57.0K | $28.40M | 1.29% | +2,193 | +4.0% | Added | 0% |
| 13 | LLY ELI LILLY & Co | Healthcare | 24.5K | $28.29M | 1.29% | +914 | +3.9% | Added | 0% |
| 14 | JPM Jpmorgan Chase & Co | Financial Services | 81.9K | $27.09M | 1.23% | +3,075 | +3.9% | Added | 0% |
| 15 | XOM ExxonMobil Holdings Corp | Energy | 127.0K | $20.67M | 0.941% | +4,324 | +3.5% | Added | 0% |
Tip. Select a row to see that position’s full history at North Dakota State Investment Board.
As of its Q3 2026 13F filing, North Dakota State Investment Board’s five largest positions were Nvidia Corp (NVDA) at 7.4%, Apple Inc. (AAPL) at 6.7%, Microsoft Corp (MSFT) at 5.3%, Amazon Com Inc (AMZN) at 3.4%, Alphabet Inc. (GOOGL) at 2.8% of the reported portfolio.
North Dakota State Investment Board reported a 13F portfolio worth $2.20B across 796 positions for Q3 2026. That is up 5.8% from the previous quarter.
Its largest purchases by value were Nvidia Corp ($6.12M), Apple Inc. ($5.53M), Microsoft Corp ($4.36M). It opened 21 new positions.
Its largest sales by value were Moderna, Inc. ($5.33M), Illumina, Inc. ($4.32M), Estee Lauder Companies Inc ($2.57M). It exited 34 positions entirely.
From the Form 13F-HR reports North Dakota State Investment Board files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.