SEC 13F Intelligence

Managers / Q3 2021 · view latest →

South Dakota Investment Council

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

Reported Value
$5.6B
Q3 2021
Positions
586
Filings on Record
31
2019–present window
Filed
Nov 9, 2021
original filing

Summary

South Dakota Investment Council reported $5.6B in U.S.-listed holdings across 586 positions for Q3 2021.

Its largest position, VWO, represents 14.6% of the portfolio.

Compared with Q2 2021, the fund opened 17 new positions and exited 8.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+36.9%
share of reported value
Largest Position
+14.6%
Vanguard Intl Equity Index F
New / Exited
17 / 8
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: 79.8%ETP: 14.6%REIT: 4.0%ADR: 1.0%Other: 0.6%
  • Common Stock · 79.8% · $4.5B
  • ETP · 14.6% · $812M
  • REIT · 4.0% · $222M
  • ADR · 1.0% · $58M
  • Other · 0.6% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ASPEN TECHNOLOGY INCNEW+34.0K34.0K+$4M$4M
MRCYMERCURY SYS INCNEW+69.0K69.0K+$3M$3M
INCYINCYTE CORPNEW+29.9K29.9K+$2M$2M
NBIXNEUROCRINE BIOSCIENCES INCNEW+20.1K20.1K+$2M$2M
SLQTSELECTQUOTE INCNEW+147.8K147.8K+$2M$2M
VYXNCR CORP NEWNEW+45.4K45.4K+$2M$2M
GENERAL ELECTRIC CONEW+14.6K14.6K+$2M$2M
UCBUNITED CMNTY BKS BLAIRSVLE GNEW+39.7K39.7K+$1M$1M

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

Holdings — Q3 2021

498 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF14.55%$812M16.24M
2MSFTMICROSOFT CORPhistory →COM4.13%$231M817.9K
3VTOLBRISTOW GROUP INChistory →COM3.64%$203M6.38M
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.56%$199M74.5K
5AAPLAPPLE INChistory →COM3.56%$198M1.40M
6METAFACEBOOK INChistory →CL A1.71%$96M281.5K
7BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.67%$93M327.0K
8AMZNAMAZON COM INChistory →COM1.62%$91M27.6K
9WFCWELLS FARGO CO NEWhistory →COM1.61%$90M1.94M
10VVISA INChistory →COM CL A0.87%$49M218.6K
11JPMJPMORGAN CHASE & COhistory →COM0.85%$48M290.8K
12PFEPFIZER INChistory →COM0.84%$47M1.09M
13UNHUNITEDHEALTH GROUP INChistory →COM0.81%$45M115.4K
14COPCONOCOPHILLIPShistory →COM0.79%$44M653.7K
15CMCSACOMCAST CORP NEWhistory →CL A0.74%$41M734.4K
16MDTMEDTRONIC PLChistory →SHS0.73%$40M322.9K
17MRKMERCK & CO INChistory →COM0.68%$38M503.5K
18HUMHUMANA INChistory →COM0.68%$38M97.1K
19ELVANTHEM INChistory →COM0.64%$36M95.3K
20EXMOCEXXON MOBIL CORPhistory →COM0.64%$36M603.7K
21WMTWALMART INChistory →COM0.64%$35M254.4K
22AMATAPPLIED MATLS INChistory →COM0.58%$33M252.5K
23MAMASTERCARD INCORPORATEDhistory →CL A0.58%$32M93.1K
24LLYLILLY ELI & COhistory →COM0.56%$31M135.9K
25CNCCENTENE CORP DELhistory →COM0.56%$31M502.8K
26BNYBANK NEW YORK MELLON CORPhistory →COM0.55%$31M597.6K
27DISDISNEY WALT COhistory →COM0.55%$31M181.1K
28CCITIGROUP INChistory →COM NEW0.54%$30M429.3K
29SLBSCHLUMBERGER LTDhistory →COM STK0.53%$29M989.3K
30HSTHOST HOTELS & RESORTS INChistory →COM0.52%$29M1.77M
31LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.51%$29M304.4K
32MTBM & T BK CORPhistory →COM0.50%$28M186.8K
33BMYBRISTOL-MYERS SQUIBB COhistory →COM0.47%$26M439.4K
34ORCLORACLE CORPhistory →COM0.46%$26M297.7K
35CORESITE RLTY CORPCOM0.46%$26M186.8K
36RGAREINSURANCE GRP OF AMERICA Ihistory →COM NEW0.46%$26M232.5K
37AMGNAMGEN INChistory →COM0.46%$26M120.2K
38BDXBECTON DICKINSON & COhistory →COM0.46%$26M103.8K
39INTCINTEL CORPhistory →COM0.45%$25M476.4K
40HALHALLIBURTON COhistory →COM0.45%$25M1.17M
41HESHESS CORPhistory →COM0.44%$25M316.9K
42FOXAFOX CORPhistory →CL A COM0.44%$24M610.0K
43TFCTRUIST FINL CORPhistory →COM0.43%$24M409.9K
44GDGENERAL DYNAMICS CORPhistory →COM0.43%$24M122.5K
45GILDGILEAD SCIENCES INChistory →COM0.42%$24M337.1K
46PMPHILIP MORRIS INTL INChistory →COM0.42%$23M246.7K
47KLACKLA CORPhistory →COM NEW0.42%$23M69.5K
48CPRICAPRI HOLDINGS LIMITEDhistory →SHS0.42%$23M479.5K
49ROYAL DUTCH SHELL PLCSPON ADR B0.41%$23M518.4K
50USBUS BANCORP DELhistory →COM NEW0.41%$23M382.2K
51DVNDEVON ENERGY CORP NEWhistory →COM0.40%$22M631.9K
52EOGEOG RES INChistory →COM0.40%$22M278.7K
53VZVERIZON COMMUNICATIONS INChistory →COM0.40%$22M412.5K
54MUMICRON TECHNOLOGY INChistory →COM0.38%$21M301.5K
55RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.38%$21M247.0K
56FDXFEDEX CORPhistory →COM0.37%$21M95.1K
57TPRTAPESTRY INChistory →COM0.37%$21M559.2K
58PCARPACCAR INChistory →COM0.36%$20M253.2K
59ENERPLUS CORPCOM0.34%$19M2.39M
60EMNEASTMAN CHEM COhistory →COM0.34%$19M189.6K
61DLTRDOLLAR TREE INChistory →COM0.34%$19M199.1K
62PYPLPAYPAL HLDGS INChistory →COM0.34%$19M73.2K
63TOLTOLL BROTHERS INChistory →COM0.34%$19M343.0K
64BKNGBOOKING HOLDINGS INChistory →COM0.34%$19M7.9K
65MDLZMONDELEZ INTL INChistory →CL A0.33%$19M321.1K
66PRUPRUDENTIAL FINL INChistory →COM0.32%$18M171.8K
67LMTLOCKHEED MARTIN CORPhistory →COM0.31%$17M50.6K
68VTRSVIATRIS INChistory →COM0.31%$17M1.29M
69ALKALASKA AIR GROUP INChistory →COM0.31%$17M296.1K
70HANESBRANDS INCCOM0.31%$17M1.00M
71STTSTATE STR CORPhistory →COM0.30%$17M198.5K
72OXYOCCIDENTAL PETE CORPhistory →COM0.30%$17M566.0K
73WHRWHIRLPOOL CORPhistory →COM0.29%$16M80.6K
74MGPMGM GROWTH PPTYS LLChistory →CL A COM0.29%$16M428.4K
75AIGAMERICAN INTL GROUP INChistory →COM NEW0.29%$16M297.7K
76TE CONNECTIVITY LTDREG SHS0.29%$16M116.8K
77LVSLAS VEGAS SANDS CORPhistory →COM0.29%$16M438.0K
78NOCNORTHROP GRUMMAN CORPhistory →COM0.28%$16M44.0K
79TXNTEXAS INSTRS INChistory →COM0.27%$15M78.2K
80STLDSTEEL DYNAMICS INChistory →COM0.27%$15M256.9K
81LENLENNAR CORPhistory →CL A0.27%$15M160.0K
82VSATVIASAT INChistory →COM0.27%$15M271.4K
83DISCOVERY INCCOM SER C0.26%$15M609.5K
84TAT&T INChistory →COM0.26%$15M546.4K
85NVDANVIDIA CORPORATIONhistory →COM0.26%$15M70.8K
86PVHPVH CORPORATIONhistory →COM0.26%$15M142.2K
87VRTXVERTEX PHARMACEUTICALS INChistory →COM0.26%$14M78.6K
88CRGYCRESCENT PT ENERGY CORPhistory →COM0.25%$14M3.05M
89CIMAREX ENERGY COCOM0.25%$14M160.1K
90DALDELTA AIR LINES INC DELhistory →COM NEW0.24%$13M315.5K
91JNJJOHNSON & JOHNSONhistory →COM0.23%$13M80.6K
92UTHRUNITED THERAPEUTICS CORP DELhistory →COM0.23%$13M70.5K
93WDCWESTERN DIGITAL CORP.history →COM0.23%$13M229.4K
94BPBP PLChistory →SPONSORED ADR0.23%$13M471.9K
95IBMINTERNATIONAL BUSINESS MACHShistory →COM0.23%$13M92.2K
96CLFCLEVELAND-CLIFFS INC NEWhistory →COM0.22%$12M620.3K
97KOCOCA COLA COhistory →COM0.22%$12M233.4K
98EXCEXELON CORPhistory →COM0.22%$12M252.2K
99METMETLIFE INChistory →COM0.22%$12M196.3K
100CVXCHEVRON CORP NEWhistory →COM0.22%$12M118.3K

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 ↗.