SEC 13F Intelligence

Managers / Q3 2022 · view latest →

South Dakota Investment Council

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

Reported Value
$4.1B
Q3 2022
Positions
621
Filings on Record
29
2019–present window
Filed
Nov 9, 2022
original filing

Summary

South Dakota Investment Council reported $4.1B in U.S.-listed holdings across 621 positions for Q3 2022.

Its largest position, VWO, represents 13.6% of the portfolio.

Compared with Q2 2022, the fund opened 32 new positions and exited 21.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+37.3%
share of reported value
Largest Position
+13.6%
Vanguard Intl Equity Index F
New / Exited
32 / 21
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: 75.9%ETP: 19.0%REIT: 3.6%ADR: 0.8%Other: 0.6%
  • Common Stock · 75.9% · $3.1B
  • ETP · 19.0% · $788M
  • REIT · 3.6% · $150M
  • ADR · 0.8% · $34M
  • Other · 0.6% · $26M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PDC ENERGY INCNEW+146.7K146.7K+$8M$8M
MR COOPER GROUP INCNEW+184.2K184.2K+$7M$7M
BLDRBUILDERS FIRSTSOURCE INCNEW+88.8K88.8K+$5M$5M
CNXCCONCENTRIX CORPNEW+32.9K32.9K+$4M$4M
SYNASYNAPTICS INCNEW+21.4K21.4K+$2M$2M
BAXBAXTER INTL INCNEW+35.2K35.2K+$2M$2M
AMCXAMC NETWORKS INCNEW+77.9K77.9K+$2M$2M
EMEEMCOR GROUP INCNEW+12.9K12.9K+$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 2022

498 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF13.57%$562M15.41M
2AGGISHARES TRhistory →CORE US AGGBD ET5.45%$226M2.34M
3MSFTMICROSOFT CORPhistory →COM3.65%$151M649.2K
4AAPLAPPLE INChistory →COM3.43%$142M1.03M
5VTOLBRISTOW GROUP INChistory →COM3.41%$141M6.01M
6GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.74%$113M1.18M
7AMZNAMAZON COM INChistory →COM1.85%$77M678.9K
8BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.22%$50M176.5K
9UNHUNITEDHEALTH GROUP INChistory →COM1.00%$42M82.3K
10PYPLPAYPAL HLDGS INChistory →COM0.97%$40M468.2K
11WFCWELLS FARGO CO NEWhistory →COM0.97%$40M997.7K
12METAMETA PLATFORMS INChistory →CL A0.95%$39M289.0K
13PFEPFIZER INChistory →COM0.86%$36M817.9K
14COPCONOCOPHILLIPShistory →COM0.84%$35M340.0K
15MRKMERCK & CO INChistory →COM0.83%$34M397.6K
16VVISA INChistory →COM CL A0.80%$33M186.1K
17HUMHUMANA INChistory →COM0.79%$33M67.1K
18HESHESS CORPhistory →COM0.74%$31M283.2K
19JPMJPMORGAN CHASE & COhistory →COM0.73%$30M290.5K
20EXMOCEXXON MOBIL CORPhistory →COM0.67%$28M316.3K
21MAMASTERCARD INCORPORATEDhistory →CL A0.66%$27M96.1K
22AMGNAMGEN INChistory →COM0.62%$26M114.5K
23WMTWALMART INChistory →COM0.60%$25M190.3K
24LLYLILLY ELI & COhistory →COM0.59%$24M75.2K
25DISDISNEY WALT COhistory →COM0.58%$24M254.7K
26CNCCENTENE CORP DELhistory →COM0.57%$24M304.8K
27CCITIGROUP INChistory →COM NEW0.55%$23M550.5K
28SLBSCHLUMBERGER LTDhistory →COM STK0.54%$23M627.2K
29RGAREINSURANCE GRP OF AMERICA Ihistory →COM NEW0.53%$22M174.7K
30CMCSACOMCAST CORP NEWhistory →CL A0.53%$22M748.8K
31MDTMEDTRONIC PLChistory →SHS0.51%$21M263.1K
32LVSLAS VEGAS SANDS CORPhistory →COM0.50%$21M553.5K
33LENLENNAR CORPhistory →CL A0.48%$20M269.2K
34OXYOCCIDENTAL PETE CORPhistory →COM0.48%$20M325.7K
35ELVELEVANCE HEALTH INChistory →COM0.46%$19M42.2K
36JNJJOHNSON & JOHNSONhistory →COM0.46%$19M116.4K
37AMATAPPLIED MATLS INChistory →COM0.46%$19M231.4K
38EOGEOG RES INChistory →COM0.45%$19M168.0K
39BNYBANK NEW YORK MELLON CORPhistory →COM0.45%$19M481.1K
40VRTXVERTEX PHARMACEUTICALS INChistory →COM0.42%$17M59.4K
41TFCTRUIST FINL CORPhistory →COM0.41%$17M393.4K
42ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.38%$16M57.7K
43GILDGILEAD SCIENCES INChistory →COM0.38%$16M256.0K
44PCARPACCAR INChistory →COM0.37%$15M181.2K
45RNRRENAISSANCERE HLDGS LTDhistory →COM0.36%$15M106.1K
46NVDANVIDIA CORPORATIONhistory →COM0.36%$15M122.6K
47SHELSHELL PLChistory →SPON ADS0.35%$15M294.9K
48FDXFEDEX CORPhistory →COM0.34%$14M96.2K
49PMPHILIP MORRIS INTL INChistory →COM0.34%$14M171.2K
50GDGENERAL DYNAMICS CORPhistory →COM0.34%$14M66.9K
51FOXAFOX CORPhistory →CL A COM0.34%$14M460.7K
52BDXBECTON DICKINSON & COhistory →COM0.34%$14M62.9K
53STTSTATE STR CORPhistory →COM0.33%$14M225.1K
54RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.33%$14M166.5K
55MUMICRON TECHNOLOGY INChistory →COM0.33%$14M270.4K
56HANESBRANDS INCCOM0.32%$13M1.93M
57TE CONNECTIVITY LTDSHS0.32%$13M121.7K
58TPRTAPESTRY INChistory →COM0.32%$13M465.1K
59INCYINCYTE CORPhistory →COM0.32%$13M198.1K
60USBUS BANCORP DELhistory →COM NEW0.32%$13M326.8K
61MDLZMONDELEZ INTL INChistory →CL A0.32%$13M238.7K
62LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.31%$13M170.4K
63ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.30%$12M117.5K
64PLDPROLOGIS INC.history →COM0.30%$12M120.9K
65TALOTALOS ENERGY INChistory →COM0.29%$12M727.6K
66ALKALASKA AIR GROUP INChistory →COM0.29%$12M309.2K
67VZVERIZON COMMUNICATIONS INChistory →COM0.29%$12M315.2K
68LMTLOCKHEED MARTIN CORPhistory →COM0.29%$12M30.8K
69CAHCARDINAL HEALTH INChistory →COM0.29%$12M177.7K
70CPRICAPRI HOLDINGS LIMITEDhistory →SHS0.29%$12M307.8K
71KLACKLA CORPhistory →COM NEW0.29%$12M39.0K
72HALHALLIBURTON COhistory →COM0.28%$11M466.8K
73LAM RESEARCH CORPCOM0.28%$11M31.4K
74ACTIVISION BLIZZARD INCCOM0.28%$11M153.4K
75VICIVICI PPTYS INChistory →COM0.27%$11M378.4K
76SWKSTANLEY BLACK & DECKER INChistory →COM0.27%$11M148.7K
77TOLTOLL BROTHERS INChistory →COM0.26%$11M254.1K
78BMYBRISTOL-MYERS SQUIBB COhistory →COM0.26%$11M149.4K
79DALDELTA AIR LINES INC DELhistory →COM NEW0.25%$11M376.5K
80CONTINENTAL RES INCCOM0.25%$11M158.1K
81WBAWALGREENS BOOTS ALLIANCE INChistory →COM0.25%$10M333.9K
82TRI POINTE HOMES INCCOM0.25%$10M688.1K
83LUVSOUTHWEST AIRLS COhistory →COM0.24%$10M327.1K
84WDCWESTERN DIGITAL CORP.COM0.24%$10M306.3K
85PSXPHILLIPS 66COM0.23%$10M120.6K
86INTCINTEL CORPCOM0.23%$10M372.9K
87AIGAMERICAN INTL GROUP INCCOM NEW0.23%$10M201.8K
88CXCEMEX SAB DE CVSPON ADR NEW0.23%$10M2.79M
89AMDADVANCED MICRO DEVICES INCCOM0.23%$10M150.2K
90MTBM & T BK CORPCOM0.23%$9M53.5K
91WHRWHIRLPOOL CORPCOM0.22%$9M67.6K
92HCCWARRIOR MET COAL INCCOM0.22%$9M317.4K
93ROCKGIBRALTAR INDS INCCOM0.22%$9M220.3K
94PRUPRUDENTIAL FINL INCCOM0.22%$9M105.1K
95PBPROSPERITY BANCSHARES INCCOM0.22%$9M134.7K
96TXNTEXAS INSTRS INCCOM0.21%$9M57.3K
97GNRCGENERAC HLDGS INCCOM0.21%$9M49.7K
98PDC ENERGY INCCOM0.20%$8M146.7K
99BKNGBOOKING HOLDINGS INCCOM0.20%$8M5.1K
100HUBBHUBBELL INCCOM0.20%$8M37.1K

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 ↗.