SEC 13F Intelligence

Managers / Q1 2020 · view latest →

South Dakota Investment Council

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

Reported Value
$3.7B
Q1 2020
Positions
588
Filings on Record
31
2019–present window
Filed
May 11, 2020
original filing

Summary

South Dakota Investment Council reported $3.7B in U.S.-listed holdings across 588 positions for Q1 2020.

Its largest position, VWO, represents 14.4% of the portfolio.

Compared with Q4 2019, the fund opened 33 new positions and exited 31.

Portfolio Metrics

Turnover
+8.6%
vs prior filed quarter
Top-10 Concentration
+39.2%
share of reported value
Largest Position
+14.4%
Vanguard Intl Equity Index F
New / Exited
33 / 31
positions this quarter

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
Q1 ’19: $4.7BQ1 ’19Q2 ’19: $4.8BQ3 ’19: $5.1BQ4 ’19: $4.8BQ1 ’20: $3.7BQ1 ’20Q2 ’20: $4.3BQ3 ’20: $4.6BQ4 ’20: $5.4BQ1 ’21: $6.0BQ1 ’21Q2 ’21: $5.7BQ3 ’21: $5.6BQ4 ’21: $6.0BQ1 ’22: $5.0BQ1 ’22Q2 ’22: $4.4BQ3 ’22: $4.1BQ4 ’22: $4.5BQ1 ’23: $4.7BQ1 ’23Q2 ’23: $4.8BQ3 ’23: $4.4BQ4 ’23: $4.7BQ1 ’24: $4.8BQ1 ’24Q2 ’24: $4.9BQ3 ’24: $5.1BQ4 ’24: $5.0BQ1 ’25: $4.9BQ1 ’25Q2 ’25: $5.2BQ3 ’25: $5.1BQ4 ’25: $5.3BQ1 ’26: $5.2BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 72.6%ETP: 21.9%REIT: 3.1%Other: 1.6%ADR: 0.7%Right: 0.0%
  • Common Stock · 72.6% · $2.7B
  • ETP · 21.9% · $805M
  • REIT · 3.1% · $115M
  • Other · 1.6% · $59M
  • ADR · 0.7% · $27M
  • Right · 0.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPYSPDR S&P 500 ETF TRNEW+1.02M1.02M+$264M$264M
CMACOMERICA INCNEW+169.6K169.6K+$5M$5M
RTXRAYTHEON TECHNOLOGIES CORPNEW+50.4K50.4K+$5M$5M
TTENTOTAL S.A.NEW+92.9K92.9K+$3M$3M
FREQUENCY THERAPEUTICS INCNEW+142.9K142.9K+$3M$3M
KEYKEYCORPNEW+238.9K238.9K+$2M$2M
AONAON PLCNEW+14.8K14.8K+$2M$2M
WTRGESSENTIAL UTILS INCNEW+53.1K53.1K+$2M$2M

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

Holdings — Q1 2020

495 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF14.45%$532M15.86M
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT7.16%$264M1.02M
3MSFTMICROSOFT CORPhistory →COM3.98%$147M930.2K
4AAPLAPPLE INChistory →COM3.52%$130M510.6K
5GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.83%$104M89.6K
6BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.95%$72M379.4K
7METAFACEBOOK INChistory →CL A1.49%$55M328.7K
8AMZNAMAZON COM INChistory →COM1.34%$49M25.2K
9PFEPFIZER INChistory →COM1.25%$46M1.41M
10UNHUNITEDHEALTH GROUP INChistory →COM1.24%$46M183.8K
11HUMHUMANA INChistory →COM1.06%$39M124.0K
12WFCWELLS FARGO CO NEWhistory →COM1.03%$38M1.32M
13VVISA INChistory →COM CL A1.01%$37M230.2K
14JNJJOHNSON & JOHNSONhistory →COM0.95%$35M267.5K
15MDTMEDTRONIC PLChistory →SHS0.95%$35M387.0K
16INTCINTEL CORPhistory →COM0.89%$33M604.4K
17JPMJPMORGAN CHASE & COhistory →COM0.85%$31M347.5K
18GILDGILEAD SCIENCES INChistory →COM0.80%$30M394.6K
19DISDISNEY WALT COhistory →COM DISNEY0.78%$29M298.1K
20LENLENNAR CORPCL A · CL B0.75%$28M722.8K
21ALLERGAN PLCSHS0.75%$27M155.0K
22BMYBRISTOL-MYERS SQUIBB COCOM · RIGHT 99/99/99990.73%$27M871.8K
23VZVERIZON COMMUNICATIONS INChistory →COM0.71%$26M486.7K
24BDXBECTON DICKINSON & COhistory →COM0.66%$24M106.5K
25USBUS BANCORP DELhistory →COM NEW0.66%$24M701.2K
26CNCCENTENE CORP DELhistory →COM0.64%$24M397.8K
27ELVANTHEM INChistory →COM0.64%$24M103.7K
28CMCSACOMCAST CORP NEWhistory →CL A0.63%$23M677.8K
29WMTWALMART INChistory →COM0.62%$23M202.0K
30LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.62%$23M458.2K
31CCITIGROUP INChistory →COM NEW0.60%$22M523.3K
32FDXFEDEX CORPhistory →COM0.55%$20M167.8K
33AMATAPPLIED MATLS INChistory →COM0.54%$20M436.9K
34EMNEASTMAN CHEM COhistory →COM0.53%$19M417.8K
35ORCLORACLE CORPhistory →COM0.52%$19M398.6K
36EXMOCEXXON MOBIL CORPhistory →COM0.52%$19M506.4K
37MRKMERCK & CO. INChistory →COM0.50%$18M239.4K
38TAT&T INChistory →COM0.49%$18M624.4K
39MDLZMONDELEZ INTL INChistory →CL A0.48%$18M356.6K
40SLBSCHLUMBERGER LTDhistory →COM0.48%$18M1.32M
41EOGEOG RES INChistory →COM0.47%$17M484.9K
42EQIXEQUINIX INChistory →COM0.45%$17M26.5K
43TOLTOLL BROTHERS INChistory →COM0.45%$16M853.6K
44GDGENERAL DYNAMICS CORPhistory →COM0.43%$16M119.3K
45CORESITE RLTY CORPCOM0.42%$15M133.7K
46WDCWESTERN DIGITAL CORP.history →COM0.41%$15M366.4K
47AMGNAMGEN INChistory →COM0.41%$15M74.7K
48BNYBANK NEW YORK MELLON CORPhistory →COM0.41%$15M444.4K
49LOWLOWES COS INChistory →COM0.39%$15M169.0K
50PEPPEPSICO INChistory →COM0.39%$14M118.9K
51BPBP PLChistory →SPONSORED ADR0.38%$14M577.6K
52ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.38%$14M86.2K
53HALHALLIBURTON COhistory →COM0.37%$13M1.97M
54BKNGBOOKING HLDGS INChistory →COM0.36%$13M9.8K
55CIMAREX ENERGY COCOM0.35%$13M771.3K
56BACBK OF AMERICA CORPhistory →COM0.32%$12M556.5K
57NOBLE ENERGY INCCOM0.32%$12M1.94M
58PYPLPAYPAL HLDGS INChistory →COM0.32%$12M121.5K
59KLACKLA CORPORATIONhistory →COM NEW0.31%$12M80.3K
60STTSTATE STR CORPhistory →COM0.31%$11M214.5K
61IBMINTERNATIONAL BUSINESS MACHShistory →COM0.31%$11M101.6K
62OXYOCCIDENTAL PETE CORPhistory →COM0.31%$11M972.7K
63THOTHOR INDS INChistory →COM0.30%$11M264.3K
64MAMASTERCARD INChistory →CL A0.30%$11M45.9K
65DUKDUKE ENERGY CORP NEWhistory →COM NEW0.29%$11M134.2K
66COPCONOCOPHILLIPShistory →COM0.28%$10M333.4K
67TXNTEXAS INSTRS INChistory →COM0.28%$10M102.1K
68UNPUNION PAC CORPhistory →COM0.27%$10M71.6K
69MUMICRON TECHNOLOGY INChistory →COM0.27%$10M240.1K
70ALKALASKA AIR GROUP INCCOM0.27%$10M349.7K
71GSGOLDMAN SACHS GROUP INCCOM0.27%$10M64.2K
72NCLHNORWEGIAN CRUISE LINE HLDG LSHS0.27%$10M902.9K
73PGPROCTER & GAMBLE COCOM0.27%$10M89.1K
74MYLAN NVSHS EURO0.26%$10M647.3K
75CVSCVS HEALTH CORPCOM0.26%$10M161.0K
76EXCEXELON CORPCOM0.26%$9M257.5K
77IVZINVESCO LTDSHS0.26%$9M1.04M
78FOXAFOX CORPCL A COM0.26%$9M398.6K
79UPSUNITED PARCEL SERVICE INCCL B0.25%$9M100.1K
80HESHESS CORPCOM0.25%$9M279.0K
81STLDSTEEL DYNAMICS INCCOM0.25%$9M406.8K
82TGTTARGET CORPCOM0.24%$9M94.1K
83VIACOMCBS INCCL B0.24%$9M622.6K
84AIGAMERICAN INTL GROUP INCCOM NEW0.23%$8M345.4K
85CXCEMEX SAB DE CVSPON ADR NEW0.23%$8M3.94M
86UTHRUNITED THERAPEUTICS CORP DELCOM0.22%$8M86.9K
87VEAVANGUARD TAX-MANAGED INTL FDFTSE DEV MKT ETF0.22%$8M246.4K
88DALDELTA AIR LINES INC DELCOM NEW0.22%$8M287.0K
89EXELEXELIXIS INCCOM0.22%$8M473.4K
90EXPEEXPEDIA GROUP INCCOM NEW0.22%$8M144.8K
91VSATVIASAT INCCOM0.22%$8M223.3K
92DVNDEVON ENERGY CORP NEWCOM0.22%$8M1.16M
93METMETLIFE INCCOM0.21%$8M257.9K
94RGAREINSURANCE GRP OF AMERICA ICOM NEW0.21%$8M92.9K
95EHCENCOMPASS HEALTH CORPCOM0.21%$8M121.9K
96DHID R HORTON INCCOM0.21%$8M229.3K
97LUVSOUTHWEST AIRLS COCOM0.21%$8M218.2K
98PGRPROGRESSIVE CORP OHIOCOM0.21%$8M104.3K
99TPRTAPESTRY INCCOM0.21%$8M594.2K
100CYRUSONE INCCOM0.20%$7M118.5K

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 ↗

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 ↗.