SEC 13F Intelligence

Managers / Q3 2023 · view latest →

South Dakota Investment Council

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

Reported Value
$4.4B
Q3 2023
Positions
616
Filings on Record
31
2019–present window
Filed
Nov 7, 2023
original filing

Summary

South Dakota Investment Council reported $4.4B in U.S.-listed holdings across 616 positions for Q3 2023.

Its largest position, VWO, represents 12.5% of the portfolio.

Compared with Q2 2023, the fund opened 22 new positions and exited 19.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+36.4%
share of reported value
Largest Position
+12.5%
Vanguard Intl Equity Index F
New / Exited
22 / 19
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: 78.1%ETP: 17.5%REIT: 3.5%ADR: 0.6%Other: 0.3%
  • Common Stock · 78.1% · $3.4B
  • ETP · 17.5% · $767M
  • REIT · 3.5% · $151M
  • ADR · 0.6% · $26M
  • Other · 0.3% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KVUEKENVUE INCNEW+500.8K500.8K+$10M$10M
UNMUNUM GROUPNEW+89.2K89.2K+$4M$4M
WLKWESTLAKE CORPORATIONNEW+24.2K24.2K+$3M$3M
DINDINE BRANDS GLOBAL INCNEW+52.2K52.2K+$3M$3M
DKSDICKS SPORTING GOODS INCNEW+21.2K21.2K+$2M$2M
WCCWESCO INTL INCNEW+13.9K13.9K+$2M$2M
REXREX AMERICAN RES CORPNEW+45.5K45.5K+$2M$2M
SUPER MICRO COMPUTER INCNEW+6.7K6.7K+$2M$2M

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

Holdings — Q3 2023

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF12.47%$546M13.93M
2AGGISHARES TRhistory →CORE US AGGBD ET5.03%$220M2.34M
3MSFTMICROSOFT CORPhistory →COM3.96%$173M549.1K
4AAPLAPPLE INChistory →COM3.42%$150M875.1K
5VTOLBRISTOW GROUP INChistory →COM3.37%$148M5.24M
6GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.87%$126M956.4K
7AMZNAMAZON COM INChistory →COM2.07%$91M714.5K
8BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.24%$54M142.4K
9NVDANVIDIA CORPORATIONhistory →COM1.02%$45M103.1K
10METAMETA PLATFORMS INChistory →CL A0.99%$44M145.1K
11WFCWELLS FARGO CO NEWhistory →COM0.88%$39M945.0K
12LLYELI LILLY & COhistory →COM0.84%$37M68.2K
13UNHUNITEDHEALTH GROUP INChistory →COM0.82%$36M71.2K
14HESHESS CORPhistory →COM0.75%$33M214.1K
15COPCONOCOPHILLIPShistory →COM0.73%$32M265.4K
16PFEPFIZER INChistory →COM0.71%$31M934.2K
17VVISA INChistory →COM CL A0.71%$31M134.6K
18CMCSACOMCAST CORP NEWhistory →CL A0.67%$29M659.5K
19HUMHUMANA INChistory →COM0.65%$28M58.5K
20JNJJOHNSON & JOHNSONhistory →COM0.59%$26M166.7K
21MAMASTERCARD INCORPORATEDhistory →CL A0.59%$26M65.4K
22MRKMERCK & CO INChistory →COM0.58%$26M248.2K
23EXMOCEXXON MOBIL CORPhistory →COM0.58%$26M217.3K
24PYPLPAYPAL HLDGS INChistory →COM0.55%$24M410.1K
25JPMJPMORGAN CHASE & COhistory →COM0.54%$24M164.2K
26DISDISNEY WALT COhistory →COM0.54%$24M291.8K
27CNCCENTENE CORP DELhistory →COM0.52%$23M329.5K
28MDTMEDTRONIC PLChistory →SHS0.51%$22M283.8K
29USBUS BANCORP DELhistory →COM NEW0.51%$22M672.0K
30OXYOCCIDENTAL PETE CORPhistory →COM0.50%$22M340.3K
31EOGEOG RES INChistory →COM0.50%$22M172.2K
32CCITIGROUP INChistory →COM NEW0.49%$22M525.8K
33BNYBANK NEW YORK MELLON CORPhistory →COM0.47%$20M479.1K
34AMATAPPLIED MATLS INChistory →COM0.46%$20M146.4K
35RGAREINSURANCE GRP OF AMERICA Ihistory →COM NEW0.46%$20M139.6K
36SLBSCHLUMBERGER LTDhistory →COM STK0.44%$19M332.8K
37WMTWALMART INChistory →COM0.44%$19M120.7K
38ALKALASKA AIR GROUP INChistory →COM0.42%$18M492.2K
39AMDADVANCED MICRO DEVICES INChistory →COM0.41%$18M175.7K
40PLDPROLOGIS INC.history →COM0.40%$18M156.6K
41HALHALLIBURTON COhistory →COM0.40%$17M428.5K
42MRNAMODERNA INChistory →COM0.39%$17M166.8K
43CPRICAPRI HOLDINGS LIMITEDhistory →SHS0.39%$17M324.8K
44LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -0.39%$17M179.5K
45MUMICRON TECHNOLOGY INChistory →COM0.38%$17M246.1K
46GILDGILEAD SCIENCES INChistory →COM0.37%$16M215.4K
47STTSTATE STR CORPhistory →COM0.36%$16M237.3K
48CVSCVS HEALTH CORPhistory →COM0.36%$16M226.8K
49TFCTRUIST FINL CORPhistory →COM0.36%$16M551.1K
50TPRTAPESTRY INChistory →COM0.36%$16M545.0K
51RNRRENAISSANCERE HLDGS LTDhistory →COM0.36%$16M78.6K
52EWEDWARDS LIFESCIENCES CORPhistory →COM0.35%$15M223.7K
53SHELSHELL PLChistory →SPON ADS0.35%$15M240.6K
54CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.35%$15M35.2K
55MR COOPER GROUP INCCOM0.35%$15M285.2K
56TXNTEXAS INSTRS INChistory →COM0.35%$15M95.3K
57FISFIDELITY NATL INFORMATION SVhistory →COM0.34%$15M265.8K
58FANGDIAMONDBACK ENERGY INChistory →COM0.33%$15M94.3K
59TGTTARGET CORPhistory →COM0.33%$14M129.6K
60WDCWESTERN DIGITAL CORP.history →COM0.32%$14M303.6K
61DALDELTA AIR LINES INC DELhistory →COM NEW0.32%$14M374.0K
62PMPHILIP MORRIS INTL INChistory →COM0.31%$14M147.7K
63TSLATESLA INChistory →COM0.31%$14M54.0K
64VRTXVERTEX PHARMACEUTICALS INChistory →COM0.31%$13M38.6K
65LAM RESEARCH CORPCOM0.31%$13M21.4K
66GDGENERAL DYNAMICS CORPhistory →COM0.30%$13M60.0K
67FDXFEDEX CORPhistory →COM0.30%$13M50.0K
68PIONEER NAT RES COCOM0.29%$13M55.6K
69DGDOLLAR GEN CORP NEWhistory →COM0.29%$13M119.8K
70DUKDUKE ENERGY CORP NEWhistory →COM NEW0.29%$13M141.9K
71SWKSTANLEY BLACK & DECKER INChistory →COM0.28%$12M148.7K
72BAXBAXTER INTL INChistory →COM0.28%$12M326.4K
73MDLZMONDELEZ INTL INChistory →CL A0.28%$12M176.6K
74GPNGLOBAL PMTS INChistory →COM0.28%$12M105.8K
75ADBEADOBE INChistory →COM0.28%$12M23.9K
76LUVSOUTHWEST AIRLS COhistory →COM0.27%$12M442.5K
77AMGNAMGEN INChistory →COM0.27%$12M44.2K
78MTBM & T BK CORPhistory →COM0.27%$12M93.2K
79EWBCEAST WEST BANCORP INChistory →COM0.27%$12M223.1K
80INTCINTEL CORPhistory →COM0.27%$12M327.5K
81ELVELEVANCE HEALTH INChistory →COM0.26%$11M26.3K
82TE CONNECTIVITY LTDSHS0.26%$11M92.2K
83WHRWHIRLPOOL CORPhistory →COM0.26%$11M85.0K
84FHNFIRST HORIZON CORPORATIONhistory →COM0.26%$11M1.03M
85BERRY CORPCOM0.26%$11M1.38M
86WESTROCK COCOM0.25%$11M310.2K
87HRBBLOCK H & R INChistory →COM0.25%$11M250.4K
88RTXRTX CORPORATIONhistory →COM0.24%$11M146.8K
89PVHPVH CORPORATIONhistory →COM0.24%$11M137.3K
90FOXAFOX CORPhistory →CL A COM0.24%$10M334.0K
91VICIVICI PPTYS INChistory →COM0.24%$10M355.4K
92BMYBRISTOL-MYERS SQUIBB COhistory →COM0.24%$10M178.0K
93SOUTHWESTERN ENERGY COCOM0.24%$10M1.60M
94INCYINCYTE CORPhistory →COM0.23%$10M177.0K
95AIGAMERICAN INTL GROUP INChistory →COM NEW0.23%$10M168.3K
96KVUEKENVUE INChistory →SHS0.23%$10M500.8K
97MOALTRIA GROUP INCCOM0.23%$10M236.2K
98CVXCHEVRON CORP NEWCOM0.23%$10M58.5K
99PNCPNC FINL SVCS GROUP INCCOM0.22%$10M79.4K
100ANAUTONATION INCCOM0.22%$10M64.1K

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 ↗
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 ↗.