SEC 13F Intelligence

Managers / Q4 2018 · view latest →

South Dakota Investment Council

CIK 0001538846 · 4009 W. 49TH STREET, SUITE 300, SIOUX FALLS, SD, 57106 · 605-362-2820

Reported Value
$4.0B
Q4 2018
Positions
610
Filings on Record
31
2019–present window
Filed
Feb 6, 2019
amendment (RESTATEMENT)

Summary

South Dakota Investment Council reported $4.0B in U.S.-listed holdings across 610 positions for Q4 2018.

Its largest position, VWO, represents 4.5% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+25.3%
share of reported value
Largest Position
+4.5%
Vanguard Intl Equity Index F

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $4.0BQ4 ’18Q1 ’19: $4.7BQ2 ’19: $4.8BQ3 ’19: $5.1BQ4 ’19: $4.8BQ4 ’19Q1 ’20: $3.7BQ2 ’20: $4.3BQ3 ’20: $4.6BQ4 ’20: $5.4BQ4 ’20Q1 ’21: $6.0BQ2 ’21: $5.7BQ3 ’21: $5.6BQ4 ’21: $6.0BQ4 ’21Q1 ’22: $5.0BQ2 ’22: $4.4BQ3 ’22: $4.1BQ4 ’22: $4.5BQ4 ’22Q1 ’23: $4.7BQ2 ’23: $4.8BQ3 ’23: $4.4BQ4 ’23: $4.7BQ4 ’23Q1 ’24: $4.8BQ2 ’24: $4.9BQ3 ’24: $5.1BQ4 ’24: $5.0BQ4 ’24Q1 ’25: $4.9BQ2 ’25: $5.2BQ3 ’25: $5.1BQ4 ’25: $5.3BQ4 ’25Q1 ’26: $5.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.5%ETP: 7.5%Other: 3.5%REIT: 2.0%ADR: 1.1%MLP: 0.4%
  • Common Stock · 85.5% · $3.4B
  • ETP · 7.5% · $297M
  • Other · 3.5% · $139M
  • REIT · 2.0% · $79M
  • ADR · 1.1% · $43M
  • MLP · 0.4% · $17M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
VWOVANGUARD INTL EQUITY INDEX FNEW+3.60M3.60M+$137M$137M
MSFTMICROSOFT CORPNEW+1.34M1.34M+$136M$136M
AAPLAPPLE INCNEW+780.3K780.3K+$123M$123M
SPYSPDR S&P 500 ETF TRNEW+476.5K476.5K+$119M$119M
UNHUNITEDHEALTH GROUP INCNEW+280.8K280.8K+$70M$70M
WFCWELLS FARGO CO NEWNEW+1.50M1.50M+$69M$69M
GOOGALPHABET INCNEW+66.6K66.6K+$69M$69M
BRK/BBERKSHIRE HATHAWAY INC DELNEW+328.7K328.7K+$67M$67M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

495 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · ALLWRLD EX US4.48%$178M4.50M
2MSFTMICROSOFT CORPhistory →COM3.43%$136M1.34M
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.15%$125M120.4K
4AAPLAPPLE INChistory →COM3.09%$123M780.3K
5SPYSPDR S&P 500 ETF TRhistory →TR UNIT2.99%$119M476.5K
6UNHUNITEDHEALTH GROUP INChistory →COM1.76%$70M280.8K
7BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.76%$70M328.7K
8WFCWELLS FARGO CO NEWhistory →COM1.74%$69M1.50M
9METAFACEBOOK INChistory →CL A1.47%$59M446.7K
10PFEPFIZER INChistory →COM1.46%$58M1.33M
11JPMJPMORGAN CHASE & COhistory →COM1.34%$53M544.3K
12USBUS BANCORP DELhistory →COM NEW1.18%$47M1.03M
13CCITIGROUP INChistory →COM NEW1.17%$46M891.4K
14JNJJOHNSON & JOHNSONhistory →COM1.15%$46M353.6K
15GILDGILEAD SCIENCES INChistory →COM1.12%$45M711.5K
16VVISA INChistory →COM CL A1.05%$42M316.7K
17LENLENNAR CORPCL A · CL B1.04%$42M1.06M
18MDTMEDTRONIC PLChistory →SHS1.04%$42M456.6K
19SLBSCHLUMBERGER LTDhistory →COM1.04%$41M1.15M
20ORCLORACLE CORPhistory →COM0.94%$37M829.2K
21HALHALLIBURTON COhistory →COM0.94%$37M1.41M
22DISDISNEY WALT COhistory →COM DISNEY0.90%$36M327.8K
23ANADARKO PETE CORPCOM0.89%$35M804.1K
24WMTWALMART INChistory →COM0.86%$34M366.4K
25MRKMERCK & CO INChistory →COM0.85%$34M440.1K
26INTCINTEL CORPhistory →COM0.84%$33M710.0K
27HUMHUMANA INChistory →COM0.81%$32M112.9K
28VZVERIZON COMMUNICATIONS INChistory →COM0.80%$32M569.0K
29BACBANK AMER CORPhistory →COM0.79%$32M1.28M
30UNPUNION PAC CORPhistory →COM0.79%$32M228.0K
31CIMAREX ENERGY COCOM0.78%$31M502.2K
32CMCSACOMCAST CORP NEWhistory →CL A0.75%$30M881.8K
33AMZNAMAZON COM INChistory →COM0.73%$29M19.2K
34ALLERGAN PLCSHS0.72%$29M214.5K
35LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.71%$28M340.2K
36BNYBANK NEW YORK MELLON CORPhistory →COM0.68%$27M575.4K
37NOBLE ENERGY INCCOM0.68%$27M1.44M
38TOLTOLL BROTHERS INChistory →COM0.64%$25M772.2K
39PMPHILIP MORRIS INTL INChistory →COM0.63%$25M374.7K
40CNCCENTENE CORP DELhistory →COM0.62%$25M213.8K
41TAT&T INChistory →COM0.62%$25M863.3K
42DVNDEVON ENERGY CORP NEWhistory →COM0.61%$24M1.07M
43CELGCELGENE CORPhistory →COM0.60%$24M369.7K
44PGPROCTER AND GAMBLE COhistory →COM0.59%$23M254.3K
45MARATHON OIL CORPCOM0.58%$23M1.62M
46MDLZMONDELEZ INTL INChistory →CL A0.57%$23M566.6K
47BPBP PLChistory →SPONSORED ADR0.57%$23M596.5K
48PEPPEPSICO INChistory →COM0.57%$23M204.2K
49EMNEASTMAN CHEM COhistory →COM0.56%$22M303.6K
50ALKALASKA AIR GROUP INChistory →COM0.55%$22M361.6K
51WDCWESTERN DIGITAL CORPhistory →COM0.55%$22M594.9K
52METMETLIFE INChistory →COM0.52%$21M506.9K
53ELVANTHEM INChistory →COM0.51%$20M76.8K
54AMATAPPLIED MATLS INChistory →COM0.50%$20M611.3K
55MTHMERITAGE HOMES CORPhistory →COM0.50%$20M541.2K
56BIIBBIOGEN INChistory →COM0.48%$19M63.9K
57AIGAMERICAN INTL GROUP INChistory →COM NEW0.48%$19M486.1K
58SYFSYNCHRONY FINLhistory →COM0.46%$18M787.7K
59DOWDUPONT INCCOM0.46%$18M343.7K
60HESHESS CORPhistory →COM0.45%$18M443.9K
61CICIGNA CORP NEWhistory →COM0.44%$17M91.4K
62TGTTARGET CORPhistory →COM0.43%$17M258.7K
63IBMINTERNATIONAL BUSINESS MACHShistory →COM0.43%$17M149.9K
64OAKTREE CAP GROUP LLCUNIT CL A0.43%$17M426.5K
65CVXCHEVRON CORP NEWhistory →COM0.41%$16M151.5K
66EXMOCEXXON MOBIL CORPhistory →COM0.41%$16M241.7K
67GSGOLDMAN SACHS GROUP INChistory →COM0.41%$16M97.1K
68TWENTY FIRST CENTY FOX INCCL A0.41%$16M336.4K
69LAM RESEARCH CORPCOM0.40%$16M117.0K
70CBS CORP NEWCL B0.39%$15M353.4K
71CVSCVS HEALTH CORPhistory →COM0.39%$15M235.5K
72CXCEMEX SAB DE CVhistory →SPON ADR NEW0.38%$15M3.15M
73APACHE CORPCOM0.37%$15M561.4K
74PYPLPAYPAL HLDGS INChistory →COM0.35%$14M164.9K
75AMGNAMGEN INChistory →COM0.34%$14M69.9K
76KIMKIMCO RLTY CORPhistory →COM0.34%$14M925.9K
77GENERAL ELECTRIC COCOM0.33%$13M1.72M
78EQIXEQUINIX INChistory →COM PAR $0.0010.32%$13M36.3K
79TXNTEXAS INSTRS INChistory →COM0.32%$13M135.2K
80LUVSOUTHWEST AIRLS COhistory →COM0.32%$13M271.4K
81LOWLOWES COS INChistory →COM0.32%$13M136.3K
82FLRFLUOR CORP NEWhistory →COM0.31%$12M387.4K
83PRUPRUDENTIAL FINL INChistory →COM0.31%$12M149.7K
84BMYBRISTOL MYERS SQUIBB COhistory →COM0.31%$12M234.8K
85GDGENERAL DYNAMICS CORPhistory →COM0.30%$12M77.0K
86DALDELTA AIR LINES INC DELhistory →COM NEW0.30%$12M238.4K
87TAPMOLSON COORS BREWING COhistory →CL B0.29%$12M206.2K
88FDXFEDEX CORPhistory →COM0.29%$12M71.6K
89HANESBRANDS INCCOM0.28%$11M898.5K
90EXCEXELON CORPhistory →COM0.28%$11M243.4K
91RSRELIANCE STEEL & ALUMINUM COhistory →COM0.28%$11M153.9K
92UPSUNITED PARCEL SERVICE INChistory →CL B0.27%$11M109.7K
93WHRWHIRLPOOL CORPhistory →COM0.26%$11M98.3K
94DUKDUKE ENERGY CORP NEWhistory →COM NEW0.26%$10M120.3K
95MAMASTERCARD INCORPORATEDhistory →CL A0.25%$10M53.2K
96STTSTATE STR CORPhistory →COM0.25%$10M159.1K
97DLTRDOLLAR TREE INCCOM0.25%$10M109.3K
98HOGHARLEY DAVIDSON INCCOM0.25%$10M285.8K
99CAPRI HOLDINGS LIMITEDSHS0.22%$9M235.5K
100KOCOCA COLA COCOM0.22%$9M186.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.2B622May 18, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.3B606Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.1B606Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$5.2B613Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.9B596May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$5.0B594Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$5.1B589Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.9B581Aug 8, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.8B584May 2, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.7B616Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.4B616Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$4.8B613Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$4.7B621May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$4.5B611Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$4.1B621Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$4.4B610Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$5.0B591May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.0B586Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$5.6B586Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.7B577Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$6.0B614May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.4B611Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.6B600Nov 6, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.3B595Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.7B588May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$4.8B586Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$5.1B619Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$4.8B601Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$4.7B597May 3, 201913F-HRchanges · EDGAR ↗
Q4 2018$4.0B610Feb 6, 2019RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.