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Asset Manager ← All Institutions

South Dakota Investment Council

Q3 2025 · Filed 2025-11-12
Market Value
$5.1B
-1.4%
Holdings
633
+7
New Purchases
29
Added To
85
Closed
36
Reduced
433
Top 10 Concentration
40.1%
Turnover
10.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 3.77% 3.01% +0.76% $193M
AAPL 3.95% 3.38% +0.58% $202M
UNH 1.33% 0.76% +0.57% $68M
ANTM 0.73% 0.32% +0.41% $37M
GOOGL 1.91% 1.53% +0.38% $98M
CVX 0.37% 0.01% +0.36% $19M
FI 0.23% 0.03% +0.20% $12M
LBRT 0.25% 0.06% +0.19% $13M
GOOG 1.47% 1.29% +0.18% $75M
ORCL 0.25% 0.09% +0.16% $13M
UNP 0.23% 0.08% +0.15% $12M
MOH 0.18% 0.04% +0.15% $9M
CZR 0.16% 0.04% +0.12% $8M
BBWI 0.40% 0.28% +0.12% $21M
AGG 5.45% 5.33% +0.12% $279M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VWO 12.54% 13.37% -0.84% $642M
HES 0.00% 0.51% -0.51% $0
VT 0.00% 0.29% -0.29% $0
DINO 0.04% 0.27% -0.23% $2M
MSFT 4.76% 4.95% -0.18% $244M
WBA 0.00% 0.17% -0.17% $0
COOP 0.22% 0.38% -0.16% $11M
AMZN 2.38% 2.55% -0.16% $122M
TEL 0.14% 0.29% -0.14% $7M
EXPE 0.03% 0.16% -0.13% $1M
WDC 0.01% 0.14% -0.13% $512K
JBL 0.01% 0.14% -0.13% $261K
MDT 0.32% 0.44% -0.12% $17M
CX 0.01% 0.12% -0.12% $413K
DIS 0.39% 0.51% -0.11% $20M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $1.7B 33.7%
Large Cap 358 $2.7B 52.1%
Mid Cap 182 $573M 11.2%
Small Cap 38 $157M 3.1%

Portfolio Analytics

Avg Market Cap
$111.7B
Median Market Cap
$16.9B
Avg P/E
30.7
Median P/E
21.3
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
630
# ETFs / Funds
3

Top Holdings (633 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VWO 12.54% 11,842,466 $642M $54.18 -$52M -2,190,836 -15.6%
2 AGG 5.45% 2,784,735 $279M $100.25 $2M -6,200 -0.2%
3 MSFT 4.76% 470,772 $244M $517.95 -$13M -45,357 -8.8%
4 AAPL 3.95% 794,886 $202M $254.63 $27M -58,997 -6.9%
5 NVDA 3.77% 1,035,437 $193M $186.58 $37M +45,892 +4.6%
6 AMZN 2.38% 555,922 $122M $219.57 -$10M -46,733 -7.8%
7 VTOL 2.25% 3,190,092 $115M $36.08 $2M -239,066 -7.0%
8 GOOGL 1.91% 402,753 $98M $243.10 $18M -48,966 -10.8%
9 META 1.63% 113,400 $83M $734.38 -$7M -8,976 -7.3%
10 GOOG 1.47% 308,620 $75M $243.55 $8M -67,376 -17.9%
11 UNH 1.33% 196,526 $68M $345.30 $28M +69,972 +55.3%
12 BRK-B 1.14% 116,256 $58M $502.74 -$316K -4,713 -3.9%
13 LLY 0.84% 56,457 $43M $763.01 -$6M -6,357 -10.1%
14 HUM 0.76% 148,842 $39M $260.17 -$2M -16,412 -9.9%
15 ANTM 0.73% 115,312 $37M $323.12 $21M +72,259 +167.8%
16 V 0.68% 102,439 $35M $341.38 -$4M -8,222 -7.4%
17 AVGO 0.66% 101,632 $34M $329.91 $2M -12,655 -11.1%
18 RE 0.64% 93,491 $33M $350.23 -$3M -10,490 -10.1%
19 PFE 0.64% 1,280,594 $33M $25.48 $22K -64,614 -4.8%
20 USB 0.64% 672,965 $33M $48.33 $733K -29,588 -4.2%
21 COP 0.55% 300,300 $28M $94.59 $923K -5,940 -1.9%
22 MA 0.55% 49,859 $28M $568.80 -$4M -7,868 -13.6%
23 CMCSA 0.55% 888,363 $28M $31.42 -$1M +74,438 +9.2%
24 RGA 0.51% 136,448 $26M $192.13 -$522K +1,652 +1.2%
25 XOM 0.47% 212,302 $24M $112.75 -$1M -19,366 -8.4%
26 DG 0.46% 226,463 $23M $103.35 -$4M -15,573 -6.4%
27 JNJ 0.45% 125,553 $23M $185.42 -$976K -33,240 -20.9%
28 AMD 0.45% 143,855 $23M $161.79 -$654K -24,773 -14.7%
29 PYPL 0.45% 341,626 $23M $67.06 -$4M -15,697 -4.4%
30 AMAT 0.44% 111,074 $23M $204.74 $815K -8,697 -7.3%
31 UPS 0.44% 270,150 $23M $83.53 $5M +92,604 +52.2%
32 WFC 0.43% 264,461 $22M $83.82 -$343K -16,493 -5.9%
33 TSLA 0.43% 49,057 $22M $444.73 $4M -6,325 -11.4%
34 CSCO 0.41% 305,830 $21M $68.42 -$2M -27,090 -8.1%
35 ACGL 0.41% 230,571 $21M $90.73 $2M +26,104 +12.8%
36 C 0.41% 205,939 $21M $101.50 -$4M -86,192 -29.5%
37 BBWI 0.40% 798,796 $21M $25.76 $6M +314,614 +65.0%
38 APA 0.40% 837,659 $20M $24.28 $5M -22,916 -2.7%
39 TMO 0.39% 41,592 $20M $485.02 $4M +640 +1.6%
40 DIS 0.39% 174,949 $20M $114.50 -$6M -36,748 -17.4%
41 TGT 0.39% 222,971 $20M $89.70 -$5M -28,062 -11.2%
42 SLB 0.38% 570,203 $20M $34.37 $1M +33,438 +6.2%
43 OXY 0.38% 409,448 $19M $47.25 $1M -23,757 -5.5%
44 RNR 0.38% 75,651 $19M $253.93 -$2M -12,001 -13.7%
45 CNC 0.37% 536,345 $19M $35.68 -$729K +170,346 +46.5%
46 CVX 0.37% 123,052 $19M $155.29 $19M +119,487 +3351.7%
47 PVH 0.37% 224,772 $19M $83.77 $3M -3,981 -1.7%
48 HAL 0.37% 764,377 $19M $24.60 $2M -43,330 -5.4%
49 IQV 0.36% 97,241 $18M $189.94 $5M +9,529 +10.9%
50 BMY 0.36% 408,105 $18M $45.10 -$2M -23,174 -5.4%
51 JPM 0.36% 57,906 $18M $315.42 -$78K -5,365 -8.5%
52 FSLR 0.35% 81,983 $18M $220.53 -$9K -27,290 -25.0%
53 TXN 0.35% 97,245 $18M $183.73 -$98K +10,716 +12.4%
54 FDX 0.35% 75,193 $18M $235.81 -$133K -3,397 -4.3%
55 SOLV 0.35% 242,825 $18M $73.00 -$2M -12,800 -5.0%
56 EOG 0.34% 156,295 $18M $112.12 -$2M -9,540 -5.8%
57 MRK 0.34% 207,758 $17M $83.93 $563K -5,400 -2.5%
58 STZ 0.34% 128,939 $17M $134.67 $913K +27,814 +27.5%
59 CSX 0.33% 471,733 $17M $35.51 $659K -21,442 -4.3%
60 ALK 0.33% 335,502 $17M $49.78 $3M +65,765 +24.4%
61 CHTR 0.32% 60,463 $17M $275.11 -$3M +12,742 +26.7%
62 MDT 0.32% 173,861 $17M $95.24 -$6M -89,692 -34.0%
63 LKQ 0.31% 518,170 $16M $30.54 -$961K +64,620 +14.2%
64 CVS 0.31% 208,730 $16M $75.39 -$623K -28,429 -12.0%
65 DUK 0.31% 126,241 $16M $123.75 -$377K -9,345 -6.9%
66 EQH 0.30% 306,327 $16M $50.78 $5M +119,444 +63.9%
67 ADBE 0.30% 43,910 $15M $352.74 $75K +4,068 +10.2%
68 GPN 0.29% 178,356 $15M $83.08 -$6K -6,846 -3.7%
69 LYB 0.28% 295,537 $14M $49.04 -$1M +26,251 +9.8%
70 LOW 0.28% 56,540 $14M $251.31 $1M -2,381 -4.0%
71 QCOM 0.27% 83,849 $14M $166.36 $2M +8,098 +10.7%
72 CLF 0.27% 1,140,591 $14M $12.20 $4M -201,228 -15.0%
73 DHR 0.27% 69,849 $14M $198.26 $4M +20,980 +42.9%
74 VZ 0.27% 312,479 $14M $43.95 -$1M -29,814 -8.7%
75 DE 0.27% 29,780 $14M $457.25 -$3M -2,246 -7.0%
76 SHEL 0.27% 189,713 $14M $71.53 -$2M -29,108 -13.3%
77 MU 0.26% 80,273 $13M $167.32 -$3M -50,168 -38.5%
78 FANG 0.26% 93,716 $13M $143.10 $142K -2,854 -3.0%
79 CHRD 0.26% 134,869 $13M $99.37 -$507K -8,746 -6.1%
80 MTDR 0.26% 293,561 $13M $44.93 -$1M -8,048 -2.7%
81 UNM 0.26% 169,557 $13M $77.78 -$4M -45,710 -21.2%
82 LBRT 0.25% 1,053,442 $13M $12.34 $10M +760,848 +260.0%
83 GD 0.25% 38,042 $13M $340.99 -$1M -10,808 -22.1%
84 TFC 0.25% 283,434 $13M $45.72 $107K -15,530 -5.2%
85 GEHC 0.25% 172,012 $13M $75.10 -$142K -4,305 -2.4%
86 ORCL 0.25% 45,890 $13M $281.24 $8M +25,016 +119.8%
87 RTX 0.25% 75,610 $13M $167.33 $812K -5,478 -6.8%
88 GPI 0.23% 27,068 $12M $437.53 -$998K -2,335 -7.9%
89 ZBH 0.23% 120,189 $12M $98.50 $2M +7,500 +6.7%
90 MCHP 0.23% 184,314 $12M $64.22 -$2M -14,638 -7.4%
91 FI 0.23% 91,766 $12M $128.93 $10M +83,166 +967.0%
92 AIG 0.23% 150,226 $12M $78.54 -$2M -10,255 -6.4%
93 UNP 0.23% 49,189 $12M $236.37 $8M +32,083 +187.6%
94 OC 0.23% 82,192 $12M $141.46 $29K -2,142 -2.5%
95 CW 0.23% 21,341 $12M $542.95 $1M -100 -0.5%
96 LMT 0.23% 23,075 $12M $499.20 $2M +2,545 +12.4%
97 STT 0.22% 98,120 $11M $116.01 -$1M -19,826 -16.8%
98 COOP 0.22% 53,444 $11M $210.78 -$9M -79,900 -59.9%
99 CENX 0.22% 381,161 $11M $29.36 $3M -57,258 -13.1%
100 LRCX 0.22% 83,394 $11M $133.89 -$4M -69,745 -45.5%

New Positions

SymbolValue% Port
SF $3M 0.06%
WFRD $3M 0.06%
TRU $2M 0.05%
FBHS $2M 0.05%
LPLA $2M 0.05%
GME $2M 0.04%
COHR $2M 0.04%
DUOL $2M 0.04%
NXT $2M 0.04%
ACI $2M 0.03%
MP $2M 0.03%
AMTM $2M 0.03%
CIEN $1M 0.03%
TLN $1M 0.03%
TPL $1M 0.03%

Sold Out Positions

SymbolValue% Port
FOUR —%
ALLE —%
LPG —%
CRI —%
WSM —%
RJF —%
ALLY —%
RL —%
ONTO —%
LNC —%
GEO —%
BKE —%
DIN —%
WDS —%
HOOD —%
View SEC EDGAR Filings for South Dakota Investment Council →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms