SEC 13F Intelligence

Managers / Q2 2023 · view latest →

South Dakota Investment Council

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

Reported Value
$4.8B
Q2 2023
Positions
613
Filings on Record
31
2019–present window
Filed
Aug 10, 2023
original filing

Summary

South Dakota Investment Council reported $4.8B in U.S.-listed holdings across 613 positions for Q2 2023.

Its largest position, VWO, represents 12.7% of the portfolio.

Compared with Q1 2023, the fund opened 29 new positions and exited 37.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+36.9%
share of reported value
Largest Position
+12.7%
Vanguard Intl Equity Index F
New / Exited
29 / 37
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: 77.9%ETP: 17.7%REIT: 3.4%ADR: 0.7%Other: 0.4%
  • Common Stock · 77.9% · $3.7B
  • ETP · 17.7% · $849M
  • REIT · 3.4% · $161M
  • ADR · 0.7% · $35M
  • Other · 0.4% · $18M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ENCORE WIRE CORPNEW+32.3K32.3K+$6M$6M
BANCBANC OF CALIFORNIA INCNEW+392.5K392.5K+$5M$5M
METCRAMACO RES INCNEW+500.7K500.7K+$4M$4M
ABGASBURY AUTOMOTIVE GROUP INCNEW+10.9K10.9K+$3M$3M
CRMSALESFORCE INCNEW+7.9K7.9K+$2M$2M
FTNTFORTINET INCNEW+21.1K21.1K+$2M$2M
QDELQUIDELORTHO CORPNEW+17.0K17.0K+$1M$1M
IBMINTERNATIONAL BUSINESS MACHSNEW+10.5K10.5K+$1M$1M

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

Holdings — Q2 2023

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF12.68%$609M14.97M
2AGGISHARES TRhistory →CORE US AGGBD ET4.78%$230M2.34M
3MSFTMICROSOFT CORPhistory →COM4.20%$201M591.6K
4AAPLAPPLE INChistory →COM3.81%$183M943.5K
5VTOLBRISTOW GROUP INChistory →COM3.31%$159M5.53M
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.68%$129M1.07M
7AMZNAMAZON COM INChistory →COM2.15%$103M790.9K
8BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.24%$59M162.0K
9METAMETA PLATFORMS INChistory →CL A1.12%$54M186.9K
10NVDANVIDIA CORPORATIONhistory →COM0.95%$46M108.3K
11WFCWELLS FARGO CO NEWhistory →COM0.94%$45M1.06M
12UNHUNITEDHEALTH GROUP INChistory →COM0.77%$37M77.0K
13VVISA INChistory →COM CL A0.74%$36M150.5K
14LLYLILLY ELI & COhistory →COM0.72%$35M73.8K
15HESHESS CORPhistory →COM0.65%$31M231.1K
16PFEPFIZER INChistory →COM0.65%$31M850.4K
17MRKMERCK & CO INChistory →COM0.65%$31M268.6K
18MAMASTERCARD INCORPORATEDhistory →CL A0.63%$30M76.4K
19CMCSACOMCAST CORP NEWhistory →CL A0.62%$30M716.4K
20AMATAPPLIED MATLS INChistory →COM0.61%$29M202.9K
21PYPLPAYPAL HLDGS INChistory →COM0.61%$29M436.6K
22COPCONOCOPHILLIPShistory →COM0.60%$29M278.1K
23ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.60%$29M58.7K
24MDTMEDTRONIC PLChistory →SHS0.59%$28M319.4K
25HUMHUMANA INChistory →COM0.55%$26M59.3K
26JPMJPMORGAN CHASE & COhistory →COM0.55%$26M181.3K
27EXMOCEXXON MOBIL CORPhistory →COM0.52%$25M234.1K
28JNJJOHNSON & JOHNSONhistory →COM0.52%$25M150.0K
29CCITIGROUP INChistory →COM NEW0.52%$25M538.1K
30ALKALASKA AIR GROUP INChistory →COM0.52%$25M465.2K
31USBUS BANCORP DELhistory →COM NEW0.50%$24M729.9K
32BNYBANK NEW YORK MELLON CORPhistory →COM0.48%$23M514.5K
33CNCCENTENE CORP DELhistory →COM0.47%$22M333.5K
34EWEDWARDS LIFESCIENCES CORPhistory →COM0.47%$22M238.5K
35WMTWALMART INChistory →COM0.45%$22M138.4K
36AMDADVANCED MICRO DEVICES INChistory →COM0.45%$22M189.9K
37SLBSCHLUMBERGER LTDhistory →COM STK0.45%$22M440.1K
38DISDISNEY WALT COhistory →COM0.44%$21M234.9K
39DALDELTA AIR LINES INC DELhistory →COM NEW0.43%$20M430.7K
40OXYOCCIDENTAL PETE CORPhistory →COM0.42%$20M346.8K
41EOGEOG RES INChistory →COM0.41%$20M173.2K
42PLDPROLOGIS INC.history →COM0.40%$19M156.6K
43CPRICAPRI HOLDINGS LIMITEDhistory →SHS0.39%$19M525.2K
44FDXFEDEX CORPhistory →COM0.38%$18M74.5K
45AMGNAMGEN INChistory →COM0.38%$18M81.4K
46GILDGILEAD SCIENCES INChistory →COM0.37%$18M232.3K
47STTSTATE STR CORPhistory →COM0.37%$18M244.3K
48LAM RESEARCH CORPCOM0.36%$17M26.6K
49RGAREINSURANCE GRP OF AMERICA Ihistory →COM NEW0.35%$17M120.9K
50TFCTRUIST FINL CORPhistory →COM0.35%$17M549.6K
51MUMICRON TECHNOLOGY INChistory →COM0.35%$17M264.0K
52BAXBAXTER INTL INChistory →COM0.34%$16M361.7K
53LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.34%$16M176.2K
54LUVSOUTHWEST AIRLS COhistory →COM0.34%$16M446.7K
55TPRTAPESTRY INChistory →COM0.33%$16M372.9K
56MR COOPER GROUP INCCOM0.33%$16M314.8K
57HALHALLIBURTON COhistory →COM0.33%$16M482.0K
58SHELSHELL PLChistory →SPON ADS0.33%$16M261.9K
59FISFIDELITY NATL INFORMATION SVhistory →COM0.32%$16M283.9K
60RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.32%$15M157.9K
61PMPHILIP MORRIS INTL INChistory →COM0.32%$15M158.4K
62EWBCEAST WEST BANCORP INChistory →COM0.32%$15M289.5K
63WOLFSPEED INCCOM0.32%$15M273.8K
64SWKSTANLEY BLACK & DECKER INChistory →COM0.31%$15M160.8K
65VRTXVERTEX PHARMACEUTICALS INChistory →COM0.31%$15M42.2K
66NCLHNORWEGIAN CRUISE LINE HLDG Lhistory →SHS0.30%$15M667.9K
67TXNTEXAS INSTRS INChistory →COM0.30%$14M79.8K
68TSLATESLA INChistory →COM0.30%$14M54.3K
69TE CONNECTIVITY LTDSHS0.30%$14M101.2K
70CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.29%$14M38.4K
71MDLZMONDELEZ INTL INChistory →CL A0.29%$14M190.0K
72WHRWHIRLPOOL CORPhistory →COM0.28%$14M91.8K
73GDGENERAL DYNAMICS CORPhistory →COM0.28%$14M63.5K
74KLACKLA CORPhistory →COM NEW0.28%$13M27.4K
75MTBM & T BK CORPhistory →COM0.27%$13M105.0K
76PVHPVH CORPORATIONhistory →COM0.27%$13M149.9K
77ELVELEVANCE HEALTH INChistory →COM0.26%$13M28.5K
78TGTTARGET CORPhistory →COM0.26%$13M95.6K
79LVSLAS VEGAS SANDS CORPhistory →COM0.26%$13M215.6K
80WDCWESTERN DIGITAL CORP.history →COM0.26%$12M324.6K
81FOXAFOX CORPhistory →CL A COM0.25%$12M359.3K
82FANGDIAMONDBACK ENERGY INChistory →COM0.25%$12M91.4K
83INTCINTEL CORPhistory →COM0.25%$12M355.2K
84FHNFIRST HORIZON CORPORATIONhistory →COM0.25%$12M1.05M
85HASHASBRO INChistory →COM0.25%$12M182.7K
86INCYINCYTE CORPhistory →COM0.25%$12M189.9K
87DUKDUKE ENERGY CORP NEWhistory →COM NEW0.24%$11M126.0K
88GPNGLOBAL PMTS INChistory →COM0.23%$11M114.3K
89ANAUTONATION INChistory →COM0.23%$11M68.3K
90VICIVICI PPTYS INChistory →COM0.23%$11M355.4K
91VZVERIZON COMMUNICATIONS INChistory →COM0.23%$11M300.0K
92WBAWALGREENS BOOTS ALLIANCE INChistory →COM0.23%$11M388.5K
93HUBBHUBBELL INChistory →COM0.23%$11M33.0K
94AVGOBROADCOM INChistory →COM0.23%$11M12.6K
95ORCLORACLE CORPhistory →COM0.23%$11M91.6K
96SPYSPDR S&P 500 ETF TRhistory →TR UNIT0.22%$11M24.1K
97AIGAMERICAN INTL GROUP INChistory →COM NEW0.22%$11M183.7K
98PNCPNC FINL SVCS GROUP INChistory →COM0.22%$11M83.7K
99RNRRENAISSANCERE HLDGS LTDhistory →COM0.22%$10M56.1K
100PDC ENERGY INCCOM0.22%$10M146.7K

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 ↗

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 ↗.