SEC 13F Intelligence

Managers / Q4 2022 · view latest →

South Dakota Investment Council

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

Reported Value
$4.5B
Q4 2022
Positions
611
Filings on Record
29
2019–present window
Filed
Feb 7, 2023
original filing

Summary

South Dakota Investment Council reported $4.5B in U.S.-listed holdings across 611 positions for Q4 2022.

Its largest position, VWO, represents 13.7% of the portfolio.

Compared with Q3 2022, the fund opened 13 new positions and exited 23.

Portfolio Metrics

Turnover
+4.5%
vs prior filed quarter
Top-10 Concentration
+35.7%
share of reported value
Largest Position
+13.7%
Vanguard Intl Equity Index F
New / Exited
13 / 23
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: 76.0%ETP: 19.1%REIT: 3.4%ADR: 0.9%Other: 0.6%
  • Common Stock · 76.0% · $3.4B
  • ETP · 19.1% · $857M
  • REIT · 3.4% · $153M
  • ADR · 0.9% · $39M
  • Other · 0.6% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPYSPDR S&P 500 ETF TRNEW+40.0K40.0K+$15M$15M
ARANTERO RESOURCES CORPNEW+135.7K135.7K+$4M$4M
VOYAVOYA FINANCIAL INCNEW+45.0K45.0K+$3M$3M
OCOWENS CORNING NEWNEW+31.7K31.7K+$3M$3M
SOUTHWESTERN ENERGY CONEW+376.7K376.7K+$2M$2M
BOOTBOOT BARN HLDGS INCNEW+32.0K32.0K+$2M$2M
PFSIPENNYMAC FINL SVCS INC NEWNEW+30.0K30.0K+$2M$2M
RRCRANGE RES CORPNEW+58.8K58.8K+$1M$1M

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

Holdings — Q4 2022

498 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF13.71%$614M15.75M
2AGGISHARES TRhistory →CORE US AGGBD ET5.08%$227M2.34M
3VTOLBRISTOW GROUP INChistory →COM3.58%$160M5.91M
4MSFTMICROSOFT CORPhistory →COM3.48%$156M650.2K
5AAPLAPPLE INChistory →COM2.90%$130M997.7K
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.30%$103M1.16M
7AMZNAMAZON COM INChistory →COM1.48%$66M788.3K
8BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.30%$58M176.4K
9UNHUNITEDHEALTH GROUP INChistory →COM0.93%$42M78.6K
10PFEPFIZER INChistory →COM0.92%$41M802.5K
11JPMJPMORGAN CHASE & COhistory →COM0.89%$40M297.6K
12WFCWELLS FARGO CO NEWhistory →COM0.88%$39M949.3K
13MRKMERCK & CO INChistory →COM0.83%$37M334.9K
14VVISA INChistory →COM CL A0.82%$37M175.9K
15HESHESS CORPhistory →COM0.80%$36M251.7K
16METAMETA PLATFORMS INChistory →CL A0.79%$35M292.1K
17PYPLPAYPAL HLDGS INChistory →COM0.76%$34M477.9K
18EXMOCEXXON MOBIL CORPhistory →COM0.71%$32M288.3K
19MAMASTERCARD INCORPORATEDhistory →CL A0.70%$31M90.1K
20COPCONOCOPHILLIPShistory →COM0.67%$30M255.7K
21SLBSCHLUMBERGER LTDhistory →COM STK0.61%$27M513.4K
22CCITIGROUP INChistory →COM NEW0.59%$26M582.5K
23CMCSACOMCAST CORP NEWhistory →CL A0.58%$26M748.3K
24MDTMEDTRONIC PLChistory →SHS0.58%$26M333.1K
25HUMHUMANA INChistory →COM0.58%$26M50.5K
26LLYLILLY ELI & COhistory →COM0.57%$26M70.2K
27CNCCENTENE CORP DELhistory →COM0.52%$23M283.2K
28AMGNAMGEN INChistory →COM0.51%$23M86.2K
29BNYBANK NEW YORK MELLON CORPhistory →COM0.50%$22M489.4K
30ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.49%$22M65.7K
31AMATAPPLIED MATLS INChistory →COM0.49%$22M224.5K
32USBUS BANCORP DELhistory →COM NEW0.49%$22M498.7K
33LVSLAS VEGAS SANDS CORPhistory →COM0.49%$22M452.3K
34RGAREINSURANCE GRP OF AMERICA Ihistory →COM NEW0.48%$22M151.6K
35DISDISNEY WALT COhistory →COM0.48%$21M246.1K
36GILDGILEAD SCIENCES INChistory →COM0.47%$21M247.5K
37WMTWALMART INChistory →COM0.47%$21M147.5K
38OXYOCCIDENTAL PETE CORPhistory →COM0.45%$20M319.6K
39JNJJOHNSON & JOHNSONhistory →COM0.45%$20M113.9K
40EOGEOG RES INChistory →COM0.45%$20M154.2K
41RNRRENAISSANCERE HLDGS LTDhistory →COM0.44%$20M106.8K
42ACTIVISION BLIZZARD INCCOM0.43%$19M252.0K
43TFCTRUIST FINL CORPhistory →COM0.41%$19M430.0K
44BAXBAXTER INTL INChistory →COM0.41%$18M359.6K
45FDXFEDEX CORPhistory →COM0.41%$18M105.1K
46CPRICAPRI HOLDINGS LIMITEDhistory →SHS0.40%$18M315.0K
47NVDANVIDIA CORPORATIONhistory →COM0.40%$18M121.1K
48PLDPROLOGIS INC.history →COM0.39%$18M156.6K
49TPRTAPESTRY INChistory →COM0.39%$18M461.2K
50HALHALLIBURTON COhistory →COM0.39%$17M441.0K
51ELVELEVANCE HEALTH INChistory →COM0.38%$17M33.3K
52STTSTATE STR CORPhistory →COM0.38%$17M219.2K
53PMPHILIP MORRIS INTL INChistory →COM0.38%$17M165.9K
54RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.36%$16M161.6K
55SHELSHELL PLChistory →SPON ADS0.36%$16M280.5K
56LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.34%$15M185.9K
57MDLZMONDELEZ INTL INChistory →CL A0.34%$15M231.6K
58INCYINCYTE CORPhistory →COM0.34%$15M191.8K
59EWEDWARDS LIFESCIENCES CORPhistory →COM0.34%$15M205.4K
60LENLENNAR CORPhistory →CL A0.34%$15M169.2K
61SPYSPDR S&P 500 ETF TRhistory →TR UNIT0.34%$15M40.0K
62GDGENERAL DYNAMICS CORPhistory →COM0.33%$15M59.4K
63ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.32%$14M113.6K
64KLACKLA CORPhistory →COM NEW0.32%$14M37.5K
65VRTXVERTEX PHARMACEUTICALS INChistory →COM0.31%$14M47.6K
66TE CONNECTIVITY LTDSHS0.31%$14M119.7K
67MUMICRON TECHNOLOGY INChistory →COM0.31%$14M273.7K
68TALOTALOS ENERGY INChistory →COM0.30%$14M721.2K
69PCARPACCAR INChistory →COM0.30%$13M135.5K
70FOXAFOX CORPhistory →CL A COM0.30%$13M440.8K
71MR COOPER GROUP INCCOM0.30%$13M330.8K
72HANESBRANDS INCCOM0.29%$13M2.06M
73PDC ENERGY INCCOM0.29%$13M204.2K
74ALKALASKA AIR GROUP INChistory →COM0.28%$13M296.7K
75AMDADVANCED MICRO DEVICES INChistory →COM0.28%$13M196.4K
76LAM RESEARCH CORPCOM0.28%$13M30.2K
77VZVERIZON COMMUNICATIONS INChistory →COM0.28%$12M315.2K
78PVHPVH CORPORATIONhistory →COM0.28%$12M175.4K
79AIGAMERICAN INTL GROUP INChistory →COM NEW0.27%$12M193.8K
80WBAWALGREENS BOOTS ALLIANCE INChistory →COM0.27%$12M327.3K
81DALDELTA AIR LINES INC DELhistory →COM NEW0.27%$12M362.5K
82LMTLOCKHEED MARTIN CORPhistory →COM0.27%$12M24.5K
83TOLTOLL BROTHERS INChistory →COM0.26%$12M236.6K
84PSXPHILLIPS 66history →COM0.26%$12M113.5K
85SWKSTANLEY BLACK & DECKER INChistory →COM0.26%$12M155.7K
86VICIVICI PPTYS INChistory →COM0.26%$12M355.4K
87CXCEMEX SAB DE CVhistory →SPON ADR NEW0.25%$11M2.78M
88PBPROSPERITY BANCSHARES INChistory →COM0.25%$11M153.9K
89LUVSOUTHWEST AIRLS COhistory →COM0.25%$11M329.5K
90MRC GLOBAL INCCOM0.24%$11M938.3K
91UNITED STATES STL CORP NEWCOM0.24%$11M433.7K
92TMHCTAYLOR MORRISON HOME CORPhistory →COM0.24%$11M347.3K
93BMYBRISTOL-MYERS SQUIBB COhistory →COM0.23%$10M145.3K
94VTRSVIATRIS INChistory →COM0.23%$10M929.3K
95BKNGBOOKING HOLDINGS INChistory →COM0.23%$10M5.1K
96PRUPRUDENTIAL FINL INChistory →COM0.23%$10M102.5K
97AFLAFLAC INChistory →COM0.23%$10M140.4K
98CLFCLEVELAND-CLIFFS INC NEWCOM0.22%$10M618.2K
99WDCWESTERN DIGITAL CORP.COM0.22%$10M313.5K
100INTCINTEL CORPCOM0.22%$10M372.9K

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 ↗.