South Dakota Investment Council
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 2, 2024), South Dakota Investment Council reported 584 stock positions worth $4.8 billion. Its top holding was Vanguard Ftse Emerging Marke (VWO) at 11.9% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 4.8%) and Microsoft (MSFT, 4.6%). Compared with Q4 2023, it opened 29 new positions, sold out of 61, added to 87 and reduced 264. The biggest buy was Microsoft (MSFT, shares +0%) and the biggest sale an exit from Prologis (PLD).
- Most Recent 13F
- Q2 2026
- Location
- SIOUX FALLS, SD
- CIK
- 0001538846
- Portfolio Value
- $4.8B (Q1 2024)
- SEC Filing
- 0001538846-24-000003 ↗ filed May 2, 2024
Holdings Value
Holdings 584 stocks · $4.8B
| VWO Vanguard Ftse Emerging Marke | 11.89% | 13,697,748 | $572.2M | Reduce -1.7% |
| AGG iShares Core U.S. Aggregate | 4.77% | 2,344,500 | $229.6M | No change |
| MSFT Microsoft Corp. | 4.63% | 529,602 | $222.8M | Add +0.0% |
| AAPL Apple Inc. | 3.02% | 849,194 | $145.6M | Reduce -0.3% |
| VTOL Bristow Group Inc. | 2.60% | 4,596,724 | $125.0M | Reduce -7.8% |
| AMZN Amazon.com Inc. | 2.44% | 652,013 | $117.6M | Reduce -2.4% |
| NVDA Nvidia Corp. | 1.89% | 100,715 | $91.0M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 1.46% | 467,222 | $70.5M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 1.39% | 440,774 | $67.1M | No change |
| META Meta Platforms Inc. Class A | 1.34% | 132,428 | $64.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.15% | 132,076 | $55.5M | Reduce -3.7% |
| LLY Eli Lilly & Co. | 1.07% | 66,286 | $51.6M | No change |
| HES Hess Corp. | 0.82% | 259,788 | $39.7M | Add +25.3% |
| PFE Pfizer Inc. | 0.74% | 1,285,254 | $35.7M | Add +3.1% |
| COP Conocophillips | 0.73% | 275,936 | $35.1M | Add +7.2% |
| XOM Exxon Mobil Corp. | 0.72% | 299,578 | $34.8M | Add +7.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.71% | 279,813 | $34.2M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 0.71% | 69,086 | $34.2M | No change |
| V Visa Inc. Class A | 0.69% | 118,293 | $33.0M | Reduce -6.0% |
| C Citigroup Inc. | 0.66% | 503,963 | $31.9M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 0.66% | 547,788 | $31.8M | Reduce -34.1% |
| MRK Merck & Co. Inc. | 0.64% | 233,232 | $30.8M | Reduce -7.5% |
| MA Mastercard Inc. Class A | 0.61% | 60,703 | $29.2M | Reduce -3.6% |
| HUM Humana Inc. | 0.59% | 82,418 | $28.6M | Add +43.8% |
| JNJ Johnson & Johnson | 0.59% | 180,203 | $28.5M | No change |
| CMCSA Comcast Corp. Class A | 0.58% | 648,824 | $28.1M | Add +1.6% |
| RGA Reinsurance Group of America | 0.58% | 144,029 | $27.8M | Reduce -2.6% |
| USB US Bancorp | 0.58% | 619,864 | $27.7M | No change |
| AMAT Applied Materials Inc. | 0.58% | 134,350 | $27.7M | No change |
| AMD Advanced Micro Devices | 0.56% | 150,554 | $27.2M | Reduce -11.3% |
| PYPL PayPal Holdings Inc. | 0.55% | 397,869 | $26.7M | No change |
| EW Edwards Lifesciences Corp. | 0.51% | 257,600 | $24.6M | No change |
| TPR Tapestry Inc. | 0.51% | 515,373 | $24.5M | Reduce -4.2% |
| JPM JPMorgan Chase & Co. | 0.51% | 122,095 | $24.5M | Reduce -12.5% |
| MDT Medtronic PLC | 0.50% | 273,946 | $23.9M | No change |
| CNC Centene Corp. | 0.49% | 301,997 | $23.7M | Reduce -5.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.49% | 409,993 | $23.6M | Reduce -7.0% |
| ALK Alaska Air Group Inc. | 0.49% | 545,654 | $23.5M | Add +13.0% |
| MU Micron Technology Inc. | 0.48% | 197,345 | $23.3M | Reduce -2.4% |
| MRNA Moderna Inc. | 0.47% | 213,163 | $22.7M | Add +0.8% |
| TGT Target Corp. | 0.47% | 126,551 | $22.4M | Reduce -6.7% |
| EOG EOG Resources Inc. | 0.45% | 168,523 | $21.5M | No change |
| TFC Truist Financial Corp. | 0.45% | 552,305 | $21.5M | Add +4.3% |
| OXY Occidental Petroleum Corp. | 0.45% | 329,751 | $21.4M | No change |
| DG Dollar General Corp. | 0.44% | 136,154 | $21.2M | Reduce -2.0% |
| TXN Texas Instruments Inc. | 0.43% | 117,501 | $20.5M | Add +7.3% |
| PXD Pioneer Natural Resources Co. | 0.42% | 76,130 | $20.0M | Add +3.0% |
| WDC Western Digital Corp. | 0.41% | 289,839 | $19.8M | Reduce -1.4% |
| FANG Diamondback Energy Inc. | 0.41% | 98,895 | $19.6M | No change |
| WMT Walmart Inc. | 0.41% | 324,434 | $19.5M | Reduce -1.9% |
| RNR Renaissancere Holdings Ltd. | 0.40% | 82,835 | $19.5M | Add +5.4% |
| FIS Fidelity National Info Serv | 0.40% | 262,399 | $19.5M | Reduce -0.4% |
| CVS CVS Health Corp. | 0.39% | 235,726 | $18.8M | No change |
| COOP Mr Cooper Group Inc. | 0.38% | 235,850 | $18.4M | Reduce -13.7% |
| CSCO Cisco Systems Inc. | 0.38% | 363,615 | $18.1M | Add +66.8% |
| LYB Lyondellbasell Indu Class A | 0.37% | 175,176 | $17.9M | No change |
| DAL Delta Air Lines Inc. | 0.36% | 366,313 | $17.5M | Add +1.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.35% | 305,129 | $16.7M | Reduce -5.9% |
| FDX FedEx Corp. | 0.35% | 57,372 | $16.6M | Add +18.4% |
| LRCX Lam Research Corp. | 0.34% | 16,966 | $16.5M | Reduce -2.3% |
| HAL Halliburton Co. | 0.34% | 416,175 | $16.4M | No change |
| STT State Street Corp. | 0.34% | 212,176 | $16.4M | No change |
| REX Rex American Resources Corp. | 0.34% | 277,863 | $16.3M | Add +71.3% |
| GILD Gilead Sciences Inc. | 0.34% | 222,411 | $16.3M | No change |
| CPRI Capri Holdings Ltd. | 0.33% | 355,886 | $16.1M | Add +12.0% |
| BMY Bristol-Myers Squibb Co. | 0.33% | 294,301 | $16.0M | Add +70.7% |
| BAX Baxter International Inc. | 0.32% | 364,699 | $15.6M | No change |
| SHEL Shell PLC-ADR | 0.32% | 229,673 | $15.4M | No change |
| GD General Dynamics Corp. | 0.31% | 52,860 | $14.9M | Reduce -4.6% |
| AVGO Broadcom Inc. | 0.31% | 11,112 | $14.7M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.30% | 34,812 | $14.6M | Reduce -6.5% |
| VZ Verizon Communications Inc. | 0.30% | 339,408 | $14.2M | Add +1.9% |
| FSLR First Solar Inc. | 0.30% | 84,354 | $14.2M | Add +39.2% |
| DE Deere & Co. | 0.29% | 34,479 | $14.2M | Add +277.8% |
| SWK Stanley Black & Decker Inc. | 0.29% | 143,829 | $14.1M | No change |
| INTC Intel Corp. | 0.29% | 318,348 | $14.1M | No change |
| EWBC East West Bancorp Inc. | 0.29% | 177,717 | $14.1M | Reduce -20.3% |
| RTX RTX Corp. | 0.29% | 142,471 | $13.9M | No change |
| ACGL Arch Capital Group Ltd. | 0.28% | 144,589 | $13.4M | New |
| GPN Global Payments Inc. | 0.27% | 98,985 | $13.2M | No change |
| ELV Elevance Health Inc. | 0.27% | 25,475 | $13.2M | No change |
| DUK Duke Energy Corp. | 0.27% | 136,512 | $13.2M | No change |
| PM Philip Morris International | 0.27% | 143,291 | $13.1M | No change |
| WHR Whirlpool Corp. | 0.27% | 109,411 | $13.1M | Add +30.3% |
| CHTR Charter Communications Inc. Class A | 0.27% | 44,338 | $12.9M | Add +29.9% |
| TEL Te Connectivity Ltd. | 0.27% | 88,656 | $12.9M | No change |
| FHN First Horizon Corp. | 0.27% | 829,626 | $12.8M | Reduce -22.6% |
| AIG American International Group | 0.26% | 161,675 | $12.6M | No change |
| MHK Mohawk Industries Inc. | 0.26% | 96,530 | $12.6M | No change |
| AN Autonation Inc. | 0.26% | 76,079 | $12.6M | Reduce -0.3% |
| EG Everest Group Ltd. | 0.26% | 31,394 | $12.5M | New |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.26% | 85,563 | $12.4M | No change |
| PNC PNC Financial Services Group | 0.25% | 74,669 | $12.1M | No change |
| MDLZ Mondelez International Inc. Class A | 0.24% | 168,247 | $11.8M | Reduce -2.2% |
| UNM Unum Group | 0.24% | 218,382 | $11.7M | Add +23.7% |
| WBA Walgreens Boots Alliance Inc. | 0.24% | 529,007 | $11.5M | Add +4.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 302,521 | $11.5M | No change |
| KVUE Kenvue Inc. | 0.24% | 530,049 | $11.4M | Add +6.7% |
| NSC Norfolk Southern Corp. | 0.24% | 44,465 | $11.3M | No change |
| ABG Asbury Automotive Group | 0.23% | 47,458 | $11.2M | Reduce -2.9% |
Portfolio Sells Q4 2023 → Q1 2024
| PLD Prologis Inc. | Sold out | 0.00% | −0.46 |
| AAPL Apple Inc. | Reduce -0.3% | 3.02% | −0.46 |
| VTOL Bristow Group Inc. | Reduce -7.8% | 2.60% | −0.40 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.7% | 11.89% | −0.27 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.24 |
| WFC Wells Fargo & Co. | Reduce -34.1% | 0.66% | −0.21 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.20 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.19 |
| TALO Talos Energy Inc. | Sold out | 0.00% | −0.17 |
| PSA Public Storage | Sold out | 0.00% | −0.17 |
| CVX Chevron Corp. | Reduce -59.2% | 0.12% | −0.17 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.14 |
| MAS Masco Corp. | Reduce -81.8% | 0.04% | −0.14 |
| INVH Invitation Homes Inc. | Sold out | 0.00% | −0.12 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.12 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.12 |
| DNOW Dnow Inc. | Reduce -86.3% | 0.02% | −0.11 |
| MRC MRC Global Inc. | Reduce -68.8% | 0.06% | −0.11 |
| PVH PVH Corp. | Reduce -45.6% | 0.17% | −0.11 |
| WELL Welltower Inc. | Sold out | 0.00% | −0.11 |
| ROCK Gibraltar Industries Inc. | Reduce -51.0% | 0.10% | −0.11 |
| WBS Webster Financial Corp. | Reduce -59.3% | 0.07% | −0.11 |
| O Realty Income Corp. | Sold out | 0.00% | −0.10 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −0.10 |
| SMCI Super Micro Computer Inc. | Reduce -97.8% | 0.01% | −0.10 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.09 |
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −0.08 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.08 |
| CUBE Cubesmart | Sold out | 0.00% | −0.08 |
| SAVEQ Spirit Airlines Inc. | Reduce -92.7% | 0.00% | −0.07 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.07 |
| BLDR Builders Firstsource Inc. | Reduce -71.5% | 0.04% | −0.07 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.07 |
| SBRA Sabra Health Care REIT Inc. | Sold out | 0.00% | −0.07 |
| PSX Phillips 66 | Reduce -79.5% | 0.02% | −0.06 |
| DECK Deckers Outdoor Corp. | Reduce -66.2% | 0.05% | −0.06 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.06 |
| SHO Sunstone Hotel Investors Inc. | Sold out | 0.00% | −0.06 |
| VMRK Vivmark Residential | Sold out | 0.00% | −0.06 |
| AIRC Apartment Income REIT Co. | Sold out | 0.00% | −0.06 |
| FHN First Horizon Corp. | Reduce -22.6% | 0.27% | −0.06 |
| LUV Southwest Airlines Co. | Reduce -19.8% | 0.21% | −0.05 |
| PB Prosperity Bancshares Inc. | Reduce -26.6% | 0.12% | −0.05 |
| NSA National Storage Affiliates | Sold out | 0.00% | −0.05 |
| CRUS Cirrus Logic Inc. | Reduce -92.3% | 0.00% | −0.05 |
| X United States Steel Corp. | Reduce -27.1% | 0.07% | −0.05 |
| PEB Pebblebrook Hotel Trust | Sold out | 0.00% | −0.05 |
| PK Park Hotels & Resorts Inc. | Sold out | 0.00% | −0.05 |
| EWBC East West Bancorp Inc. | Reduce -20.3% | 0.29% | −0.05 |
| CFR Cullen/Frost Bankers Inc. | Reduce -23.3% | 0.17% | −0.05 |
Portfolio Buys Q4 2023 → Q1 2024
| MSFT Microsoft Corp. | Add +0.0% | 4.63% | +0.40 |
| ACGL Arch Capital Group Ltd. | New | 0.28% | +0.28 |
| EG Everest Group Ltd. | New | 0.26% | +0.26 |
| DE Deere & Co. | Add +277.8% | 0.29% | +0.22 |
| VT Vanguard Tot World STK ETF | New | 0.21% | +0.21 |
| HES Hess Corp. | Add +25.3% | 0.82% | +0.19 |
| REX Rex American Resources Corp. | Add +71.3% | 0.34% | +0.18 |
| UPS United Parcel Service Class B | Add +289.0% | 0.21% | +0.15 |
| DINO HF Sinclair Corp. | Add +198.1% | 0.22% | +0.15 |
| BMY Bristol-Myers Squibb Co. | Add +70.7% | 0.33% | +0.14 |
| CSCO Cisco Systems Inc. | Add +66.8% | 0.38% | +0.14 |
| XOM Exxon Mobil Corp. | Add +7.7% | 0.72% | +0.13 |
| NEE Nextera Energy Inc. | Add +127.1% | 0.18% | +0.10 |
| COP Conocophillips | Add +7.2% | 0.73% | +0.10 |
| ALK Alaska Air Group Inc. | Add +13.0% | 0.49% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 1.46% | +0.09 |
| FDX FedEx Corp. | Add +18.4% | 0.35% | +0.08 |
| KNSL Kinsale Capital Group Inc. | Add +17.8% | 0.18% | +0.08 |
| RNR Renaissancere Holdings Ltd. | Add +5.4% | 0.40% | +0.08 |
| MTDR Matador Resources Co. | Add +42.5% | 0.20% | +0.08 |
| FSLR First Solar Inc. | Add +39.2% | 0.30% | +0.07 |
| UNM Unum Group | Add +23.7% | 0.24% | +0.07 |
| PENG Penguin Solutions Inc. | New | 0.07% | +0.07 |
| PFSI Pennymac Financial Services | Add +103.6% | 0.12% | +0.06 |
| PGNY Progyny Inc. | New | 0.06% | +0.06 |
| PXD Pioneer Natural Resources Co. | Add +3.0% | 0.42% | +0.06 |
| EME Emcor Group Inc. | Add +57.7% | 0.09% | +0.06 |
| DAL Delta Air Lines Inc. | Add +1.4% | 0.36% | +0.06 |
| WHR Whirlpool Corp. | Add +30.3% | 0.27% | +0.05 |
| VST Vistra Corp. | New | 0.04% | +0.04 |
| P Everpure Inc. Class A | New | 0.04% | +0.04 |
| SNX TD Synnex Corp. | New | 0.04% | +0.04 |
| HUM Humana Inc. | Add +43.8% | 0.59% | +0.04 |
| CRK Comstock Resources Inc. | Add +97.8% | 0.07% | +0.03 |
| RPM RPM International Inc. | Add +75.3% | 0.08% | +0.03 |
| BRY Berry Corp. | Add +9.3% | 0.18% | +0.03 |
| FIVE Five Below | New | 0.03% | +0.03 |
| TFC Truist Financial Corp. | Add +4.3% | 0.45% | +0.03 |
| EXLS Exlservice Holdings Inc. | New | 0.03% | +0.03 |
| CELH Celsius Holdings Inc. | New | 0.03% | +0.03 |
| TXN Texas Instruments Inc. | Add +7.3% | 0.43% | +0.03 |
| VZ Verizon Communications Inc. | Add +1.9% | 0.30% | +0.03 |
| MANH Manhattan Associates Inc. | Add +161.6% | 0.04% | +0.03 |
| MLI Mueller Industries Inc. | New | 0.03% | +0.03 |
| MRNA Moderna Inc. | Add +0.8% | 0.47% | +0.03 |
| JXN Jackson Financial Inc. Class A | New | 0.02% | +0.02 |
| PCG P G & E Corp. | New | 0.02% | +0.02 |
| CLH Clean Harbors Inc. | Add +23.8% | 0.06% | +0.02 |
| SGI Somnigroup International Inc. | Add +17.9% | 0.08% | +0.02 |
| ATR Aptargroup Inc. | Add +47.2% | 0.04% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 620 | $5.8B | VWO, AGG, NVDA, AAPL, VCSH |
| Q1 2026 | 621 | $5.2B | VWO, AGG, NVDA, AAPL, MSFT |
| Q4 2025 | 605 | $5.3B | VWO, AGG, MSFT, NVDA, AAPL |
| Q3 2025 | 606 | $5.1B | VWO, AGG, MSFT, AAPL, NVDA |
| Q2 2025 | 612 | $5.2B | VWO, AGG, MSFT, AAPL, NVDA |
| Q1 2025 | 596 | $4.9B | VWO, AGG, MSFT, AAPL, AMZN |
| Q4 2024 | 593 | $5.0B | VWO, AGG, MSFT, AAPL, NVDA |
| Q3 2024 | 588 | $5.1B | VWO, AGG, MSFT, AAPL, VTOL |
| Q2 2024 | 581 | $4.9B | VWO, MSFT, AGG, AAPL, VTOL |
| Q1 2024 | 584 | $4.8B | VWO, AGG, MSFT, AAPL, VTOL |