South Dakota Investment Council

SIOUX FALLS, SD · CIK 1538846 · 13F filing filed 2026-08-11

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entitySouth Dakota Investment Council (US)

$5.8bn reported value +11.3% vs Q1 2026

621positions

37.9%in top 10

34 new 157 added 307 reduced 35 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	10,336,538	$617.0m10.57%	10.57%	Reduced -305.5k	-305,463 -2.9%
2	ISHARES TR CORE US AGGBD ET AGG	AGG	3,453,435	$341.8m5.86%	5.86%	Added +181.1k	+181,100 5.5%
3	NVIDIA CORPORATION COM NVDA	NVDA	1,338,670	$267.9m4.59%	4.59%	Added +105.3k	+105,283 8.5%
4	APPLE INC COM AAPL	AAPL	744,947	$215.6m3.69%	3.69%	Reduced -4.8k	-4,753 -0.6%
5	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	2,355,122	$186.1m3.19%	3.19%	Added +569.8k	+569,774 31.9%
6	MICROSOFT CORP COM MSFT	MSFT	458,784	$171.1m2.93%	2.93%	Reduced -2.4k	-2,449 -0.5%
7	AMAZON COM INC COM AMZN	AMZN	564,563	$134.6m2.31%	2.31%	Reduced -14.5k	-14,505 -2.5%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	304,600	$108.9m1.86%	1.86%	Reduced -19.7k	-19,736 -6.1%
9	ALPHABET INC CAP STK CL C GOOG	GOOG	262,529	$92.8m1.59%	1.59%	Reduced -6.3k	-6,272 -2.3%
10	ISHARES TR BROAD USD HIGH USHY	USHY	2,006,500	$74.3m1.27%	1.27%	Added +43.5k	+43,500 2.2%
11	META PLATFORMS INC CL A META	META	121,131	$68.2m1.17%	1.17%	Added +4.5k	+4,548 3.9%
12	BRISTOW GROUP INC COM VTOL	VTOL	1,603,618	$66.3m1.14%	1.14%	Reduced -362.2k	-362,227 -18.4%
13	BROADCOM INC COM AVGO	AVGO	162,684	$61.5m1.05%	1.05%	Added +30.7k	+30,658 23.2%
14	ADVANCED MICRO DEVICES INC COM AMD	AMD	95,975	$55.8m0.96%	0.96%	Reduced -3.6k	-3,559 -3.6%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	107,973	$54.0m0.93%	0.93%	Reduced -2.4k	-2,383 -2.2%
16	APPLIED MATLS INC COM AMAT	AMAT	69,528	$50.3m0.86%	0.86%	Reduced -11.5k	-11,505 -14.2%
17	ELI LILLY & CO COM LLY	LLY	41,297	$49.5m0.85%	0.85%	Reduced -3.9k	-3,903 -8.6%
18	BATH & BODY WORKS INC COM BBWI	BBWI	1,893,888	$43.8m0.75%	0.75%	Added +137.8k	+137,840 7.8%
19	ZOETIS INC CL A ZTS	ZTS	590,102	$42.4m0.73%	0.73%	Added +369.3k	+369,283 167.2%
20	US BANCORP DEL COM NEW USB	USB	701,020	$42.3m0.73%	0.73%	Reduced -23.4k	-23,379 -3.2%
21	UNITEDHEALTH GROUP INC COM UNH	UNH	93,988	$39.1m0.67%	0.67%	Reduced -79.5k	-79,497 -45.8%
22	ELEVANCE HEALTH INC COM ELV	ELV	100,835	$39.0m0.67%	0.67%	Reduced -20.3k	-20,346 -16.8%
23	EVEREST GROUP LTD COM EG	EG	102,992	$36.8m0.63%	0.63%	Added +1.1k	+1,061 1.0%
24	MICRON TECHNOLOGY INC COM MU	MU	31,275	$36.1m0.62%	0.62%	Reduced -6.7k	-6,723 -17.7%
25	TEXAS INSTRS INC COM TXN	TXN	115,087	$34.3m0.59%	0.59%	Reduced -19.0k	-19,045 -14.2%
26	CONOCOPHILLIPS COM COP	COP	327,723	$34.1m0.58%	0.58%	Added +23.9k	+23,920 7.9%
27	VISA INC COM CL A V	V	95,912	$32.9m0.56%	0.56%	Reduced -1.4k	-1,445 -1.5%
28	LAM RESEARCH CORP COM NEW LRCX	LRCX	74,624	$32.3m0.55%	0.55%	Reduced -361	-361 -0.5%
29	HUMANA INC COM HUM	HUM	78,896	$31.3m0.54%	0.54%	Reduced -150.2k	-150,194 -65.6%
30	CDW CORP COM CDW	CDW	218,632	$30.7m0.53%	0.53%	Added +135.8k	+135,799 163.9%
31	UNITED PARCEL SERVICE INC CL B UPS	UPS	280,661	$30.2m0.52%	0.52%	Added +9.4k	+9,440 3.5%
32	INTEL CORP COM INTC	INTC	215,629	$30.1m0.52%	0.52%	Reduced -43.5k	-43,538 -16.8%
33	MOLINA HEALTHCARE INC COM MOH	MOH	130,276	$29.8m0.51%	0.51%	Reduced -38.0k	-38,031 -22.6%
34	PFIZER INC COM PFE	PFE	1,166,118	$28.1m0.48%	0.48%	Reduced -36.7k	-36,736 -3.0%
35	COMCAST CORP NEW CL A CMCSA	CMCSA	1,097,490	$26.9m0.46%	0.46%	Added +127.8k	+127,773 13.2%
36	REINSURANCE GRP OF AMERICA I COM NEW RGA	RGA	126,629	$26.9m0.46%	0.46%	Added +8.2k	+8,199 6.9%
37	WELLS FARGO CO NEW COM WFC	WFC	315,522	$26.1m0.45%	0.45%	Added +59.5k	+59,531 23.3%
38	IQVIA HLDGS INC COM IQV	IQV	134,669	$26.0m0.45%	0.45%	Added +12.5k	+12,517 10.2%
39	MASTERCARD INCORPORATED CL A MA	MA	50,246	$25.8m0.44%	0.44%	Reduced -278	-278 -0.6%
40	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	180,839	$25.7m0.44%	0.44%	Added +101.4k	+101,411 127.7%
41	EOG RES INC COM EOG	EOG	191,076	$24.8m0.42%	0.42%	Reduced -3.6k	-3,568 -1.8%
42	ALASKA AIR GROUP INC COM ALK	ALK	463,482	$24.2m0.41%	0.41%	Added +15.2k	+15,211 3.4%
43	RENAISSANCERE HLDGS LTD COM RNR	RNR	70,505	$22.3m0.38%	0.38%	Added +23.7k	+23,653 50.5%
44	OCCIDENTAL PETE CORP COM OXY	OXY	455,056	$22.1m0.38%	0.38%	Added +62.0k	+61,992 15.8%
45	ARCH CAP GROUP LTD ORD ACGL	ACGL	225,526	$21.9m0.37%	0.37%	Reduced -1.3k	-1,300 -0.6%
46	DANAHER CORPORATION COM DHR	DHR	114,619	$21.8m0.37%	0.37%	Added +29.2k	+29,153 34.1%
47	MERCK & CO INC COM MRK	MRK	166,665	$21.4m0.37%	0.37%	Reduced -13.3k	-13,301 -7.4%
48	SCHLUMBERGER LTD COM STK SLB	SLB	446,879	$20.8m0.36%	0.36%	Reduced -49.0k	-49,038 -9.9%
49	CONSTELLATION BRANDS INC CL A STZ	STZ	146,098	$20.3m0.35%	0.35%	Reduced -1.4k	-1,440 -1.0%
50	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	145,930	$20.0m0.34%	0.34%	New
51	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	227,685	$19.6m0.34%	0.34%	Added +40.2k	+40,181 21.4%
52	MEDTRONIC PLC SHS MDT	MDT	249,346	$19.5m0.33%	0.33%	Added +118.7k	+118,667 90.8%
53	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	38,598	$19.4m0.33%	0.33%	Added +690	+690 1.8%
54	TESLA INC COM TSLA	TSLA	45,376	$19.1m0.33%	0.33%	Reduced -657	-657 -1.4%
55	APA CORPORATION COM APA	APA	577,758	$18.8m0.32%	0.32%	Reduced -19.3k	-19,277 -3.2%
56	LOWES COS INC COM LOW	LOW	84,606	$18.7m0.32%	0.32%	Added +28.4k	+28,400 50.5%
57	GENERAC HLDGS INC COM GNRC	GNRC	62,390	$18.3m0.31%	0.31%	Reduced -6.7k	-6,749 -9.8%
58	CITIGROUP INC COM NEW C	C	129,610	$18.1m0.31%	0.31%	Reduced -23.6k	-23,635 -15.4%
59	JPMORGAN CHASE & CO COM JPM	JPM	54,648	$17.9m0.31%	0.31%	Reduced -720	-720 -1.3%
60	DIAMONDBACK ENERGY INC COM FANG	FANG	101,106	$17.8m0.30%	0.30%	Reduced -1.0k	-1,021 -1.0%
61	HALLIBURTON CO COM HAL	HAL	523,434	$17.8m0.30%	0.30%	Reduced -25.5k	-25,475 -4.6%
62	JOHNSON & JOHNSON COM JNJ	JNJ	67,922	$17.2m0.30%	0.30%	Reduced -7.7k	-7,720 -10.2%
63	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	260,303	$16.7m0.29%	0.29%	Added +116.1k	+116,071 80.5%
64	DEERE & CO COM DE	DE	25,976	$16.5m0.28%	0.28%	Reduced -125	-125 -0.5%
65	ANNALY CAPITAL MANAGEMENT IN COM NEW NLY	NLY	730,038	$16.3m0.28%	0.28%	Added +373.1k	+373,054 104.5%
66	DISNEY WALT CO COM DIS	DIS	168,057	$16.2m0.28%	0.28%	Reduced -367	-367 -0.2%
67	FISERV INC COM FISV	FISV	325,742	$16.0m0.27%	0.27%	Added +111.2k	+111,164 51.8%
68	DUKE ENERGY CORP NEW COM NEW DUK	DUK	124,207	$15.7m0.27%	0.27%	Unchanged
69	HP INC COM HPQ	HPQ	715,294	$15.7m0.27%	0.27%	Unchanged
70	SOLVENTUM CORP COM SHS SOLV	SOLV	203,403	$15.7m0.27%	0.27%	Reduced -207	-207 -0.1%
71	SMURFIT WESTROCK PLC SHS SW	SW	336,694	$15.6m0.27%	0.27%	Added +15.2k	+15,217 4.7%
72	EQUITABLE HLDGS INC COM EQH	EQH	352,587	$15.5m0.27%	0.27%	Reduced -25.1k	-25,075 -6.6%
73	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	97,932	$15.4m0.26%	0.26%	New
74	LKQ CORP COM LKQ	LKQ	583,306	$15.4m0.26%	0.26%	Reduced -751	-751 -0.1%
75	TARGET CORP COM TGT	TGT	115,141	$15.0m0.26%	0.26%	Reduced -105.8k	-105,783 -47.9%
76	ARROW ELECTRS INC COM ARW	ARW	70,201	$15.0m0.26%	0.26%	Reduced -21.0k	-21,044 -23.1%
77	LIBERTY ENERGY INC COM CL A LBRT	LBRT	569,982	$14.9m0.26%	0.26%	Reduced -177.2k	-177,212 -23.7%
78	CENTENE CORP DEL COM CNC	CNC	230,390	$14.8m0.25%	0.25%	Reduced -334.2k	-334,228 -59.2%
79	WESCO INTL INC COM WCC	WCC	42,163	$14.6m0.25%	0.25%	Reduced -640	-640 -1.5%
80	PVH CORPORATION COM PVH	PVH	194,751	$14.5m0.25%	0.25%	Reduced -63.8k	-63,807 -24.7%
81	UBER TECHNOLOGIES INC COM UBER	UBER	197,942	$14.3m0.24%	0.24%	Added +161.6k	+161,566 444.2%
82	MATADOR RES CO COM MTDR	MTDR	285,302	$14.2m0.24%	0.24%	Reduced -9.0k	-8,965 -3.0%
83	SERVICENOW INC COM NOW	NOW	140,464	$13.9m0.24%	0.24%	Added +64.3k	+64,272 84.4%
84	TRUIST FINL CORP COM TFC	TFC	279,182	$13.9m0.24%	0.24%	Reduced -900	-900 -0.3%
85	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	263,937	$13.9m0.24%	0.24%	Reduced -29.5k	-29,534 -10.1%
86	PAYPAL HLDGS INC COM PYPL	PYPL	320,157	$13.8m0.24%	0.24%	Reduced -6.4k	-6,392 -2.0%
87	PROCTER AND GAMBLE CO COM PG	PG	94,240	$13.8m0.24%	0.24%	Added +651	+651 0.7%
88	RTX CORPORATION COM RTX	RTX	69,564	$13.2m0.23%	0.23%	Reduced -504	-504 -0.7%
89	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	142,939	$13.0m0.22%	0.22%	Reduced -33.9k	-33,920 -19.2%
90	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	113,859	$13.0m0.22%	0.22%	Reduced -19.0k	-19,031 -14.3%
91	UNION PAC CORP COM UNP	UNP	47,781	$13.0m0.22%	0.22%	Reduced -78	-78 -0.2%
92	QUALCOMM INC COM QCOM	QCOM	70,242	$13.0m0.22%	0.22%	Reduced -248	-248 -0.3%
93	VERIZON COMMUNICATIONS INC COM VZ	VZ	304,850	$12.9m0.22%	0.22%	Reduced -322	-322 -0.1%
94	GLOBAL PMTS INC COM GPN	GPN	176,718	$12.8m0.22%	0.22%	Reduced -451	-451 -0.2%
95	CHEVRON CORP NEW COM CVX	CVX	76,460	$12.7m0.22%	0.22%	Reduced -2.7k	-2,666 -3.4%
96	ADOBE INC COM ADBE	ADBE	61,383	$12.6m0.22%	0.22%	Added +11.5k	+11,456 22.9%
97	CLOROX CO DEL COM CLX	CLX	131,384	$12.5m0.21%	0.21%	Added +41.1k	+41,051 45.4%
98	INTUIT COM INTU	INTU	47,599	$12.4m0.21%	0.21%	Added +29.7k	+29,693 165.8%
99	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	99,133	$12.3m0.21%	0.21%	Added +28.7k	+28,683 40.7%
100	CVS HEALTH CORP COM CVS	CVS	118,914	$12.3m0.21%	0.21%	Reduced -70.0k	-70,037 -37.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	152,510	$25.9m152.5k shares
HONEYWELL INTL INC		31,571	$14.3m31.6k shares
COHERENT CORP COHR	COHR	21,001	$5.0m21.0k shares
CASEYS GEN STORES INC CASY	CASY	6,582	$4.8m6.6k shares
GRANITE CONSTR INC GVA	GVA	39,138	$4.7m39.1k shares
MATCH GROUP INC NEW MTCH	MTCH	105,898	$3.3m105.9k shares
MASIMO CORP MASI	MASI	17,568	$3.1m17.6k shares
PALOMAR HLDGS INC PLMR	PLMR	21,319	$2.5m21.3k shares
RAMBUS INC DEL RMBS	RMBS	28,613	$2.5m28.6k shares
COMSTOCK RES INC CRK	CRK	101,726	$2.1m101.7k shares
LPL FINL HLDGS INC LPLA	LPLA	5,147	$1.5m5.1k shares
STIFEL FINL CORP SF	SF	16,045	$1.2m16.0k shares
VONTIER CORPORATION VNT	VNT	32,003	$1.1m32.0k shares
SEALED AIR CORP NEW		24,870	$1.0m24.9k shares
SUN CTRY AIRLS HLDGS INC SNCY	SNCY	55,160	$911.0k55.2k shares
HOLOGIC INC HOLX	HOLX	11,000	$831.0k11.0k shares
CHART INDS INC GTLS	GTLS	3,370	$697.0k3.4k shares
MGM RESORTS INTERNATIONAL MGM	MGM	18,500	$685.0k18.5k shares
BRUKER CORP BRKR	BRKR	12,000	$433.0k12.0k shares
SIMPLY GOOD FOODS CO SMPL	SMPL	26,063	$374.0k26.1k shares
AVANTOR INC AVTR	AVTR	45,000	$353.0k45.0k shares
COTERRA ENERGY INC CTRA	CTRA	7,863	$276.0k7.9k shares
QUIDELORTHO CORP QDEL	QDEL	13,633	$224.0k13.6k shares
CLEVELAND-CLIFFS INC NEW CLF	CLF	24,321	$206.0k24.3k shares
YELP INC YELP	YELP	5,100	$126.0k5.1k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BRISTOW GROUP INC VTOL · 13D · filed 2026-04-10	VTOL	6.2%≈ $74.2m	-1.1 pts	13D	2026-04-10