SEC 13F Intelligence

Managers / Q1 2022 · view latest →

South Dakota Investment Council

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

Reported Value
$5.0B
Q1 2022
Positions
591
Filings on Record
31
2019–present window
Filed
May 10, 2022
original filing

Summary

South Dakota Investment Council reported $5.0B in U.S.-listed holdings across 591 positions for Q1 2022.

Its largest position, VWO, represents 13.8% of the portfolio.

Compared with Q4 2021, the fund opened 47 new positions and exited 42.

Portfolio Metrics

Turnover
+11.0%
vs prior filed quarter
Top-10 Concentration
+39.5%
share of reported value
Largest Position
+13.8%
Vanguard Intl Equity Index F
New / Exited
47 / 42
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
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: 75.8%ETP: 18.8%REIT: 4.0%ADR: 1.0%Other: 0.4%
  • Common Stock · 75.8% · $3.8B
  • ETP · 18.8% · $947M
  • REIT · 4.0% · $203M
  • ADR · 1.0% · $49M
  • Other · 0.4% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AGGISHARES TRNEW+2.34M2.34M+$251M$251M
ADBEADOBE SYSTEMS INCORPORATEDNEW+38.0K38.0K+$17M$17M
SHELSHELL PLCNEW+294.9K294.9K+$16M$16M
INVHINVITATION HOMES INCNEW+169.6K169.6K+$7M$7M
SLGSL GREEN RLTY CORPNEW+79.7K79.7K+$6M$6M
SUISUN CMNTYS INCNEW+32.7K32.7K+$6M$6M
OREALTY INCOME CORPNEW+82.2K82.2K+$6M$6M
VICIVICI PPTYS INCNEW+182.4K182.4K+$5M$5M

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

Holdings — Q1 2022

498 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF13.78%$696M15.08M
2AGGISHARES TRhistory →CORE US AGGBD ET4.98%$251M2.34M
3VTOLBRISTOW GROUP INChistory →COM4.61%$232M6.27M
4MSFTMICROSOFT CORPhistory →COM3.84%$194M628.1K
5AAPLAPPLE INChistory →COM3.64%$184M1.05M
6GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.09%$156M55.9K
7AMZNAMAZON COM INChistory →COM2.06%$104M31.9K
8BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.39%$70M187.1K
9METAMETA PLATFORMS INChistory →CL A1.19%$60M269.0K
10PYPLPAYPAL HLDGS INChistory →COM0.89%$45M387.0K
11WFCWELLS FARGO CO NEWhistory →COM0.88%$44M914.9K
12VVISA INChistory →COM CL A0.85%$43M192.4K
13UNHUNITEDHEALTH GROUP INChistory →COM0.82%$41M81.2K
14PFEPFIZER INChistory →COM0.78%$39M759.6K
15MAMASTERCARD INCORPORATEDhistory →CL A0.71%$36M100.3K
16HUMHUMANA INChistory →COM0.70%$35M80.8K
17MRKMERCK & CO INChistory →COM0.68%$34M417.9K
18COPCONOCOPHILLIPShistory →COM0.65%$33M330.5K
19HESHESS CORPhistory →COM0.64%$32M301.5K
20EXMOCEXXON MOBIL CORPhistory →COM0.63%$32M384.9K
21AMGNAMGEN INChistory →COM0.62%$31M129.9K
22CNCCENTENE CORP DELhistory →COM0.61%$31M363.5K
23CMCSACOMCAST CORP NEWhistory →CL A0.58%$29M624.8K
24SLBSCHLUMBERGER LTDhistory →COM STK0.58%$29M704.9K
25JPMJPMORGAN CHASE & COhistory →COM0.56%$28M208.7K
26WMTWALMART INChistory →COM0.56%$28M190.6K
27MDTMEDTRONIC PLChistory →SHS0.56%$28M252.7K
28ELVANTHEM INChistory →COM0.54%$27M55.2K
29CCITIGROUP INChistory →COM NEW0.53%$26M496.2K
30RGAREINSURANCE GRP OF AMERICA Ihistory →COM NEW0.50%$25M231.4K
31LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.49%$25M240.6K
32VRTXVERTEX PHARMACEUTICALS INChistory →COM0.48%$24M93.5K
33AMATAPPLIED MATLS INChistory →COM0.47%$24M180.7K
34LLYLILLY ELI & COhistory →COM0.46%$23M80.3K
35BMYBRISTOL-MYERS SQUIBB COhistory →COM0.45%$23M308.9K
36EOGEOG RES INChistory →COM0.43%$22M182.3K
37CLFCLEVELAND-CLIFFS INC NEWhistory →COM0.42%$21M661.6K
38HALHALLIBURTON COhistory →COM0.41%$21M551.4K
39BDXBECTON DICKINSON & COhistory →COM0.41%$21M77.9K
40PLDPROLOGIS INC.history →COM0.41%$21M127.9K
41GDGENERAL DYNAMICS CORPhistory →COM0.41%$21M85.3K
42LENLENNAR CORPhistory →CL A0.40%$20M251.5K
43JNJJOHNSON & JOHNSONhistory →COM0.40%$20M114.3K
44DISDISNEY WALT COhistory →COM0.40%$20M147.0K
45OXYOCCIDENTAL PETE CORPhistory →COM0.40%$20M353.1K
46PCARPACCAR INChistory →COM0.38%$19M219.9K
47KLACKLA CORPhistory →COM NEW0.38%$19M52.7K
48FDXFEDEX CORPhistory →COM0.38%$19M83.0K
49MUMICRON TECHNOLOGY INChistory →COM0.37%$19M242.1K
50BNYBANK NEW YORK MELLON CORPhistory →COM0.37%$19M377.6K
51RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.36%$18M183.2K
52INTCINTEL CORPhistory →COM0.35%$18M357.7K
53ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.34%$17M38.0K
54LMTLOCKHEED MARTIN CORPhistory →COM0.34%$17M38.8K
55FOXAFOX CORPhistory →CL A COM0.33%$17M426.9K
56MTBM & T BK CORPhistory →COM0.33%$17M99.2K
57SHELSHELL PLChistory →SPON ADS0.32%$16M294.9K
58PMPHILIP MORRIS INTL INChistory →COM0.32%$16M172.2K
59HANESBRANDS INCCOM0.32%$16M1.07M
60TPRTAPESTRY INChistory →COM0.31%$16M426.5K
61LVSLAS VEGAS SANDS CORPhistory →COM0.31%$16M406.3K
62VZVERIZON COMMUNICATIONS INChistory →COM0.31%$16M309.7K
63INCYINCYTE CORPhistory →COM0.31%$16M198.3K
64CPRICAPRI HOLDINGS LIMITEDhistory →SHS0.30%$15M295.6K
65GILDGILEAD SCIENCES INChistory →COM0.30%$15M254.9K
66ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.30%$15M118.1K
67MDLZMONDELEZ INTL INChistory →CL A0.30%$15M240.0K
68ALKALASKA AIR GROUP INChistory →COM0.30%$15M258.0K
69SABRSABRE CORPhistory →COM0.30%$15M1.31M
70NVDANVIDIA CORPORATIONhistory →COM0.29%$15M53.6K
71UNITED STATES STL CORP NEWCOM0.29%$15M386.2K
72EMNEASTMAN CHEM COhistory →COM0.29%$15M129.9K
73DALDELTA AIR LINES INC DELhistory →COM NEW0.29%$15M367.0K
74USBUS BANCORP DELhistory →COM NEW0.29%$14M272.8K
75TFCTRUIST FINL CORPhistory →COM0.28%$14M245.3K
76TE CONNECTIVITY LTDSHS0.27%$14M105.4K
77CXCEMEX SAB DE CVhistory →SPON ADR NEW0.27%$13M2.54M
78AIGAMERICAN INTL GROUP INChistory →COM NEW0.25%$13M204.1K
79TOLTOLL BROTHERS INChistory →COM0.25%$13M271.9K
80FMCFMC CORPhistory →COM NEW0.25%$13M96.8K
81STTSTATE STR CORPhistory →COM0.25%$13M146.0K
82ENERPLUS CORPCOM0.25%$13M996.4K
83PRUPRUDENTIAL FINL INChistory →COM0.25%$12M105.7K
84MRC GLOBAL INCCOM0.25%$12M1.04M
85RNRRENAISSANCERE HLDGS LTDhistory →COM0.24%$12M76.7K
86ACTIVISION BLIZZARD INCCOM0.24%$12M150.9K
87BKNGBOOKING HOLDINGS INChistory →COM0.24%$12M5.1K
88WDCWESTERN DIGITAL CORP.history →COM0.24%$12M239.3K
89CAHCARDINAL HEALTH INChistory →COM0.23%$12M205.0K
90DVNDEVON ENERGY CORP NEWhistory →COM0.23%$12M196.4K
91DLTRDOLLAR TREE INChistory →COM0.23%$12M72.5K
92DISCOVERY INCCOM SER C0.23%$12M462.7K
93BPBP PLChistory →SPONSORED ADR0.23%$12M391.8K
94CRGYCRESCENT PT ENERGY CORPhistory →COM0.22%$11M1.54M
95TALOTALOS ENERGY INChistory →COM0.22%$11M703.1K
96UNPUNION PAC CORPhistory →COM0.22%$11M40.6K
97CONTINENTAL RES INCCOM0.22%$11M180.4K
98GREENHILL & CO INCCOM0.22%$11M708.6K
99STLDSTEEL DYNAMICS INChistory →COM0.22%$11M130.2K
100TXNTEXAS INSTRS INChistory →COM0.21%$11M58.7K

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 ↗.