South Dakota Investment Council
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), South Dakota Investment Council reported 581 stock positions worth $4.9 billion. Its top holding was Vanguard Ftse Emerging Marke (VWO) at 12.3% of the portfolio, followed by Microsoft (MSFT, 4.8%) and iShares Core U.S. Aggregate (AGG, 4.7%). Compared with Q1 2024, it opened 22 new positions, sold out of 28, added to 109 and reduced 344. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale an exit from Pioneer Natural Resources (PXD).
- Most Recent 13F
- Q2 2026
- Location
- SIOUX FALLS, SD
- CIK
- 0001538846
- Portfolio Value
- $4.9B (Q2 2024)
- SEC Filing
- 0001538846-24-000004 ↗ filed Aug 8, 2024
Holdings Value
Holdings 581 stocks · $4.9B
| VWO Vanguard Ftse Emerging Marke | 12.25% | 13,658,406 | $597.7M | Reduce -0.3% |
| MSFT Microsoft Corp. | 4.82% | 526,569 | $235.3M | Reduce -0.6% |
| AGG iShares Core U.S. Aggregate | 4.67% | 2,344,500 | $227.6M | No change |
| AAPL Apple Inc. | 3.72% | 860,803 | $181.3M | Add +1.4% |
| VTOL Bristow Group Inc. | 2.81% | 4,081,858 | $136.9M | Reduce -11.2% |
| AMZN Amazon.com Inc. | 2.56% | 646,865 | $125.0M | Reduce -0.8% |
| NVDA Nvidia Corp. | 2.53% | 997,150 | $123.2M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 1.72% | 461,742 | $84.1M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 1.63% | 434,516 | $79.7M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 1.37% | 132,088 | $66.6M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 1.22% | 65,909 | $59.7M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 1.11% | 469,341 | $54.0M | Add +56.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.04% | 124,137 | $50.5M | Reduce -6.0% |
| HUM Humana Inc. | 0.79% | 103,398 | $38.6M | Add +25.5% |
| UNH Unitedhealth Group Inc. | 0.79% | 75,508 | $38.5M | Add +9.3% |
| PFE Pfizer Inc. | 0.74% | 1,294,741 | $36.2M | Add +0.7% |
| HES Hess Corp. | 0.66% | 217,095 | $32.0M | Reduce -16.4% |
| AMAT Applied Materials Inc. | 0.64% | 132,981 | $31.4M | Reduce -1.0% |
| JNJ Johnson & Johnson | 0.64% | 214,547 | $31.4M | Add +19.1% |
| V Visa Inc. Class A | 0.63% | 117,000 | $30.7M | Reduce -1.1% |
| RGA Reinsurance Group of America | 0.60% | 143,123 | $29.4M | Reduce -0.6% |
| COP Conocophillips | 0.59% | 252,700 | $28.9M | Reduce -8.4% |
| C Citigroup Inc. | 0.59% | 450,521 | $28.6M | Reduce -10.6% |
| WFC Wells Fargo & Co. | 0.54% | 447,592 | $26.6M | Reduce -18.3% |
| MA Mastercard Inc. Class A | 0.54% | 60,172 | $26.5M | Reduce -0.9% |
| MRK Merck & Co. Inc. | 0.54% | 210,886 | $26.1M | Reduce -9.6% |
| USB US Bancorp | 0.53% | 650,339 | $25.8M | Add +4.9% |
| CMCSA Comcast Corp. Class A | 0.53% | 658,886 | $25.8M | Add +1.6% |
| MRNA Moderna Inc. | 0.52% | 212,257 | $25.2M | Reduce -0.4% |
| AMD Advanced Micro Devices | 0.50% | 149,574 | $24.3M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 0.48% | 114,874 | $23.2M | Reduce -5.9% |
| TPR Tapestry Inc. | 0.47% | 540,019 | $23.1M | Add +4.8% |
| PYPL PayPal Holdings Inc. | 0.47% | 395,983 | $23.0M | Reduce -0.5% |
| TXN Texas Instruments Inc. | 0.47% | 117,266 | $22.8M | Reduce -0.2% |
| EW Edwards Lifesciences Corp. | 0.47% | 245,819 | $22.7M | Reduce -4.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.46% | 225,706 | $22.4M | Reduce -19.3% |
| EG Everest Group Ltd. | 0.46% | 58,339 | $22.2M | Add +85.8% |
| ALK Alaska Air Group Inc. | 0.45% | 543,343 | $22.0M | Reduce -0.4% |
| WMT Walmart Inc. | 0.44% | 319,990 | $21.7M | Reduce -1.4% |
| MDT Medtronic PLC | 0.44% | 270,302 | $21.3M | Reduce -1.3% |
| EOG EOG Resources Inc. | 0.43% | 167,592 | $21.1M | Reduce -0.6% |
| OXY Occidental Petroleum Corp. | 0.42% | 327,752 | $20.7M | Reduce -0.6% |
| TFC Truist Financial Corp. | 0.41% | 519,210 | $20.2M | Reduce -6.0% |
| CSCO Cisco Systems Inc. | 0.41% | 420,621 | $20.0M | Add +15.7% |
| RNR Renaissancere Holdings Ltd. | 0.41% | 88,828 | $19.9M | Add +7.2% |
| CNC Centene Corp. | 0.41% | 298,899 | $19.8M | Reduce -1.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.40% | 325,019 | $19.5M | Reduce -20.7% |
| FANG Diamondback Energy Inc. | 0.39% | 95,598 | $19.1M | Reduce -3.3% |
| DG Dollar General Corp. | 0.39% | 142,314 | $18.8M | Add +4.5% |
| MU Micron Technology Inc. | 0.38% | 139,616 | $18.4M | Reduce -29.3% |
| CPRI Capri Holdings Ltd. | 0.37% | 551,001 | $18.2M | Add +54.8% |
| COOP Mr Cooper Group Inc. | 0.37% | 221,840 | $18.0M | Reduce -5.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.37% | 381,020 | $18.0M | Add +24.9% |
| LRCX Lam Research Corp. | 0.37% | 16,833 | $17.9M | Reduce -0.8% |
| AVGO Broadcom Inc. | 0.36% | 11,067 | $17.8M | Reduce -0.4% |
| TGT Target Corp. | 0.36% | 117,910 | $17.5M | Reduce -6.8% |
| FDX FedEx Corp. | 0.35% | 57,698 | $17.3M | Add +0.6% |
| LYB Lyondellbasell Indu Class A | 0.34% | 175,485 | $16.8M | Add +0.2% |
| FSLR First Solar Inc. | 0.33% | 71,001 | $16.0M | Reduce -15.8% |
| DAL Delta Air Lines Inc. | 0.33% | 334,621 | $15.9M | Reduce -8.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.33% | 33,843 | $15.9M | Reduce -2.8% |
| STT State Street Corp. | 0.32% | 209,809 | $15.5M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 28,373 | $15.4M | Add +3446.6% |
| FIS Fidelity National Info Serv | 0.32% | 204,433 | $15.4M | Reduce -22.1% |
| SHEL Shell PLC-ADR | 0.31% | 211,777 | $15.3M | Reduce -7.8% |
| GILD Gilead Sciences Inc. | 0.31% | 221,038 | $15.2M | Reduce -0.6% |
| GD General Dynamics Corp. | 0.31% | 52,226 | $15.2M | Reduce -1.2% |
| CHTR Charter Communications Inc. Class A | 0.31% | 50,221 | $15.0M | Add +13.3% |
| ACGL Arch Capital Group Ltd. | 0.30% | 143,648 | $14.5M | Reduce -0.7% |
| PM Philip Morris International | 0.30% | 142,600 | $14.4M | Reduce -0.5% |
| BMY Bristol-Myers Squibb Co. | 0.29% | 340,865 | $14.2M | Add +15.8% |
| CVS CVS Health Corp. | 0.29% | 237,445 | $14.0M | Add +0.7% |
| HAL Halliburton Co. | 0.29% | 413,405 | $14.0M | Reduce -0.7% |
| VZ Verizon Communications Inc. | 0.29% | 337,989 | $13.9M | Reduce -0.4% |
| ELV Elevance Health Inc. | 0.28% | 25,351 | $13.7M | Reduce -0.5% |
| DUK Duke Energy Corp. | 0.28% | 135,586 | $13.6M | Reduce -0.7% |
| DE Deere & Co. | 0.27% | 35,699 | $13.3M | Add +3.5% |
| TEL Te Connectivity Ltd. | 0.27% | 88,197 | $13.3M | Reduce -0.5% |
| RTX RTX Corp. | 0.27% | 130,353 | $13.1M | Reduce -8.5% |
| FHN First Horizon Corp. | 0.27% | 825,266 | $13.0M | Reduce -0.5% |
| REX Rex American Resources Corp. | 0.27% | 285,225 | $13.0M | Add +2.6% |
| EWBC East West Bancorp Inc. | 0.27% | 176,516 | $12.9M | Reduce -0.7% |
| MTDR Matador Resources Co. | 0.26% | 210,272 | $12.5M | Add +47.3% |
| GPN Global Payments Inc. | 0.25% | 126,818 | $12.3M | Add +28.1% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.25% | 81,011 | $12.3M | Reduce -5.3% |
| AIG American International Group | 0.24% | 160,828 | $11.9M | Reduce -0.5% |
| BAX Baxter International Inc. | 0.24% | 352,664 | $11.8M | Reduce -3.3% |
| AMGN Amgen Inc. | 0.24% | 37,578 | $11.7M | Reduce -2.4% |
| JBL Jabil Inc. | 0.24% | 106,838 | $11.6M | Add +126.2% |
| PNC PNC Financial Services Group | 0.24% | 74,213 | $11.5M | Reduce -0.6% |
| ORCL Oracle Corp. | 0.24% | 81,623 | $11.5M | Reduce -0.5% |
| SWK Stanley Black & Decker Inc. | 0.24% | 144,257 | $11.5M | Add +0.3% |
| WHR Whirlpool Corp. | 0.23% | 111,946 | $11.4M | Add +2.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 284,434 | $11.3M | Reduce -6.0% |
| FOXA Fox Corp. Class A | 0.23% | 326,209 | $11.2M | Reduce -0.4% |
| AN Autonation Inc. | 0.23% | 70,143 | $11.2M | Reduce -7.8% |
| TSLA Tesla Inc. | 0.23% | 55,845 | $11.1M | Add +1.8% |
| CHRD Chord Energy Corp. | 0.23% | 65,777 | $11.0M | Add +8442.5% |
| MHK Mohawk Industries Inc. | 0.23% | 96,867 | $11.0M | Add +0.3% |
| MDLZ Mondelez International Inc. Class A | 0.22% | 167,232 | $10.9M | Reduce -0.6% |
Portfolio Sells Q1 2024 → Q2 2024
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.42 |
| DIS The Walt Disney Co. | Reduce -19.3% | 0.46% | −0.25 |
| WDC Western Digital Corp. | Reduce -58.4% | 0.19% | −0.22 |
| ERF Enerplus Corp. | Sold out | 0.00% | −0.22 |
| VT Vanguard Tot World STK ETF | Sold out | 0.00% | −0.21 |
| HES Hess Corp. | Reduce -16.4% | 0.66% | −0.17 |
| COP Conocophillips | Reduce -8.4% | 0.59% | −0.14 |
| UNP Union Pacific Corp. | Reduce -59.4% | 0.08% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.0% | 1.04% | −0.12 |
| WFC Wells Fargo & Co. | Reduce -18.3% | 0.54% | −0.11 |
| TGT Target Corp. | Reduce -6.8% | 0.36% | −0.11 |
| HRB H&R Block Inc. | Reduce -53.1% | 0.11% | −0.11 |
| MU Micron Technology Inc. | Reduce -29.3% | 0.38% | −0.11 |
| COLL Collegium Pharmaceutical Inc. | Reduce -79.1% | 0.02% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -9.6% | 0.54% | −0.10 |
| SEE Sealed Air Corp. | Reduce -80.9% | 0.02% | −0.10 |
| BNY Bank of New York Mellon Corp. | Reduce -20.7% | 0.40% | −0.09 |
| INTC Intel Corp. | Reduce -0.6% | 0.20% | −0.09 |
| FIS Fidelity National Info Serv | Reduce -22.1% | 0.32% | −0.09 |
| FAF First American Financial | Reduce -44.1% | 0.08% | −0.09 |
| CNC Centene Corp. | Reduce -1.0% | 0.41% | −0.09 |
| BDC Belden Inc. | Sold out | 0.00% | −0.08 |
| PYPL PayPal Holdings Inc. | Reduce -0.5% | 0.47% | −0.08 |
| BAX Baxter International Inc. | Reduce -3.3% | 0.24% | −0.08 |
| PB Prosperity Bancshares Inc. | Reduce -59.7% | 0.05% | −0.08 |
| C Citigroup Inc. | Reduce -10.6% | 0.59% | −0.08 |
| WBS Webster Financial Corp. | Reduce -96.1% | 0.00% | −0.07 |
| AMD Advanced Micro Devices | Reduce -0.7% | 0.50% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -0.9% | 0.54% | −0.06 |
| SWAV Shockwave Medical Inc. | Sold out | 0.00% | −0.06 |
| MDT Medtronic PLC | Reduce -1.3% | 0.44% | −0.06 |
| V Visa Inc. Class A | Reduce -1.1% | 0.63% | −0.06 |
| EXEL Exelixis Inc. | Reduce -60.9% | 0.03% | −0.06 |
| PVH PVH Corp. | Reduce -8.3% | 0.12% | −0.06 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.05 |
| HAL Halliburton Co. | Reduce -0.7% | 0.29% | −0.05 |
| ST Sensata Technologies Holdplc | Reduce -64.2% | 0.03% | −0.05 |
| UNM Unum Group | Reduce -15.3% | 0.19% | −0.05 |
| KNSL Kinsale Capital Group Inc. | Reduce -0.9% | 0.13% | −0.05 |
| ARW Arrow Electronics Inc. | Reduce -15.8% | 0.17% | −0.05 |
| EW Edwards Lifesciences Corp. | Reduce -4.6% | 0.47% | −0.05 |
| TREX Trex Company Inc. | Reduce -14.4% | 0.08% | −0.04 |
| IFF Intl Flavors & Fragrances | Reduce -34.2% | 0.11% | −0.04 |
| CSL Carlisle Cos Inc. | Reduce -33.0% | 0.09% | −0.04 |
| DAL Delta Air Lines Inc. | Reduce -8.7% | 0.33% | −0.04 |
| VST Vistra Corp. | Sold out | 0.00% | −0.04 |
| ALK Alaska Air Group Inc. | Reduce -0.4% | 0.45% | −0.04 |
| GEHC GE Healthcare Technology | Reduce -8.8% | 0.12% | −0.04 |
| WSM Williams-Sonoma Inc. | Reduce -25.0% | 0.07% | −0.04 |
| HBI Hanesbrands Inc. | Reduce -1.6% | 0.17% | −0.04 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +1.4% | 3.72% | +0.69 |
| XOM Exxon Mobil Corp. | Add +56.7% | 1.11% | +0.38 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3446.6% | 0.32% | +0.31 |
| CHRD Chord Energy Corp. | Add +8442.5% | 0.23% | +0.22 |
| HUM Humana Inc. | Add +25.5% | 0.79% | +0.20 |
| EG Everest Group Ltd. | Add +85.8% | 0.46% | +0.20 |
| SOLV Solventum Corp. | Add +3206.9% | 0.16% | +0.16 |
| SNX TD Synnex Corp. | Add +303.6% | 0.15% | +0.12 |
| MTCH Match Group Inc. | Add +2110.8% | 0.12% | +0.11 |
| JBL Jabil Inc. | Add +126.2% | 0.24% | +0.11 |
| CUBI Customers Bancorp Inc. | New | 0.10% | +0.10 |
| WAL Western Alliance Bancorp | New | 0.10% | +0.10 |
| CHRW C.H. Robinson Worldwide Inc. | Add +536.9% | 0.11% | +0.09 |
| HII Huntington Ingalls Industrie | Add +313.2% | 0.13% | +0.09 |
| APTV Aptiv Irish Holdings Ltd. | Add +385.9% | 0.12% | +0.09 |
| COLB Columbia Banking System Inc. | Add +106.6% | 0.16% | +0.09 |
| SRPT Sarepta Therapeutics Inc. | New | 0.08% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +9.3% | 0.79% | +0.08 |
| FIX Comfort Systems USA Inc. | New | 0.07% | +0.07 |
| PFSI Pennymac Financial Services | Add +48.0% | 0.19% | +0.06 |
| MTDR Matador Resources Co. | Add +47.3% | 0.26% | +0.06 |
| JNJ Johnson & Johnson | Add +19.1% | 0.64% | +0.05 |
| SAIA Saia Inc. | Add +417.8% | 0.07% | +0.05 |
| ADP Automatic Data Processing | Add +187.4% | 0.07% | +0.04 |
| LEG Leggett & Platt Inc. | Add +182.4% | 0.10% | +0.04 |
| CHTR Charter Communications Inc. Class A | Add +13.3% | 0.31% | +0.04 |
| EXE Expand Energy Corp. | Add +71.7% | 0.11% | +0.04 |
| CPRI Capri Holdings Ltd. | Add +54.8% | 0.37% | +0.04 |
| MYRG MYR Group Inc./Delaware | New | 0.04% | +0.04 |
| WCC Wesco International Inc. | Add +48.9% | 0.13% | +0.03 |
| CSCO Cisco Systems Inc. | Add +15.7% | 0.41% | +0.03 |
| BGC BGC Group Inc. Class A | New | 0.03% | +0.03 |
| DIN Dine Brands Global Inc. | Add +92.7% | 0.10% | +0.03 |
| GLW Corning Inc. | Add +370.7% | 0.04% | +0.03 |
| TSLA Tesla Inc. | Add +1.8% | 0.23% | +0.03 |
| NEE Nextera Energy Inc. | Add +4.0% | 0.21% | +0.03 |
| P Everpure Inc. Class A | Add +34.5% | 0.06% | +0.02 |
| CRK Comstock Resources Inc. | Add +22.2% | 0.09% | +0.02 |
| PAYX Paychex Inc. | New | 0.02% | +0.02 |
| SLB SLB Ltd. | Add +24.9% | 0.37% | +0.02 |
| NCLH Norwegian Cruise Line Holdin | Add +29.2% | 0.17% | +0.02 |
| ES Eversource Energy | Add +397.1% | 0.03% | +0.02 |
| LECO Lincoln Electric Holdings | New | 0.02% | +0.02 |
| SWN Southwestern Energy Co. | Add +44.6% | 0.09% | +0.02 |
| ADBE Adobe Inc. | Add +11.3% | 0.11% | +0.02 |
| ARMK Aramark | New | 0.02% | +0.02 |
| PENN Penn Entertainment Inc. | Add +65.6% | 0.04% | +0.02 |
| ALV Autoliv Inc. | Add +238.9% | 0.03% | +0.02 |
| ELF Elf Beauty Inc. | Add +140.4% | 0.03% | +0.02 |
| POR Portland General Electric Co. | Add +579.4% | 0.02% | +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 |