SEC 13F Intelligence

Managers / Q1 2026

South Dakota Investment Council

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

Reported Value
$5.2B
Q1 2026
Positions
622
Filings on Record
31
2019–present window
Filed
May 18, 2026
original filing

Summary

South Dakota Investment Council reported $5.2B in U.S.-listed holdings across 622 positions for Q1 2026.

Its largest position, VWO, represents 11.0% of the portfolio.

Compared with Q4 2025, the fund opened 28 new positions and exited 12.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+40.8%
share of reported value
Largest Position
+11.0%
Vanguard Intl Equity Index F
New / Exited
28 / 12
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: 78.3%ETP: 21.3%ADR: 0.2%REIT: 0.1%Other: 0.1%Equity WRT: 0.0%
  • Common Stock · 78.3% · $4.1B
  • ETP · 21.3% · $1.1B
  • ADR · 0.2% · $10M
  • REIT · 0.1% · $8M
  • Other · 0.1% · $5M
  • Equity WRT · 0.0% · $30,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SMSM ENERGY COMPANYNEW+109.8K109.8K+$3M$3M
HTOH2O AMERICANEW+33.9K33.9K+$2M$2M
FNFABRINETNEW+3.6K3.6K+$2M$2M
PINSPINTEREST INCNEW+84.6K84.6K+$2M$2M
VSNTVERSANT MEDIA GROUP INCNEW+37.3K37.3K+$1M$1M
ROPROPER TECHNOLOGIES INCNEW+3.6K3.6K+$1M$1M
IRDMIRIDIUM COMMUNICATIONS INCNEW+41.5K41.5K+$1M$1M
DDOGDATADOG INCNEW+9.5K9.5K+$1M$1M

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

Holdings — Q1 2026

497 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VWOVANGUARD INTL EQUITY INDEX Fhistory →FTSE EMR MKT ETF10.97%$575M10.64M
2AGGISHARES TRCORE US AGGBD ET · BROAD USD HIGH7.57%$397M5.24M
3NVDANVIDIA CORPORATIONhistory →COM4.10%$215M1.23M
4AAPLAPPLE INChistory →COM3.63%$190M749.7K
5MSFTMICROSOFT CORPhistory →COM3.26%$171M461.2K
6GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.25%$170M593.1K
7VCSHVANGUARD SHORT-TERM CORPORAThistory →SHRT TRM CORP BD2.70%$142M1.79M
8AMZNAMAZON COM INChistory →COM2.30%$121M579.1K
9VTOLBRISTOW GROUP INChistory →COM1.76%$92M1.97M
10METAMETA PLATFORMS INChistory →CL A1.27%$67M116.6K
11BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.12%$59M110.4K
12UNHUNITEDHEALTH GROUP INChistory →COM0.90%$47M173.5K
13LLYELI LILLY & COhistory →COM0.79%$42M45.2K
14AVGOBROADCOM INChistory →COM0.78%$41M132.0K
15COPCONOCOPHILLIPShistory →COM0.76%$40M303.8K
16HUMHUMANA INChistory →COM0.76%$40M229.1K
17USBUS BANCORPhistory →COM NEW0.72%$38M724.4K
18ELVELEVANCE HEALTH INC FORMERLYhistory →COM0.68%$35M121.2K
19PFEPFIZER INChistory →COM0.64%$34M1.20M
20EGEVEREST GROUP LTDhistory →COM0.64%$33M101.9K
21BBWIBATH & BODY WORKS INChistory →COM0.63%$33M1.76M
22VVISA INChistory →COM CL A0.56%$29M97.4K
23EOGEOG RES INChistory →COM0.54%$28M194.6K
24CMCSACOMCAST CORP NEWhistory →CL A0.53%$28M969.7K
25AMATAPPLIED MATLS INChistory →COM0.53%$28M81.0K
26TGTTARGET CORPhistory →COM0.51%$27M220.9K
27UPSUNITED PARCEL SVCS INChistory →CL B0.51%$27M271.2K
28ZTSZOETIS INChistory →CL A0.50%$26M220.8K
29TXNTEXAS INSTRS INChistory →COM0.50%$26M134.1K
30EXMOCEXXON MOBIL CORPhistory →COM0.49%$26M152.5K
31OXYOCCIDENTAL PETE CORPhistory →COM0.49%$26M393.1K
32SLBSLB LIMITEDhistory →COM STK0.49%$25M495.9K
33APAAPA CORPORATIONhistory →COM0.48%$25M597.0K
34MAMASTERCARD INCORPORATEDhistory →CL A0.48%$25M50.5K
35RGAREINSURANCE GROUP AMER INChistory →COM NEW0.46%$24M118.4K
36LYBLYONDELLBASELL INDUSTRIES NVhistory →SHS - A -0.45%$24M293.5K
37MOHMOLINA HEALTHCARE INChistory →COM0.43%$22M168.3K
38STZCONSTELLATION BRANDS INChistory →CL A0.42%$22M147.5K
39ACGLARCH CAP GROUP LTDhistory →ORD0.42%$22M226.8K
40MRKMERCK & CO INChistory →COM0.41%$22M180.0K
41LBRTLIBERTY ENERGY INChistory →COM CL A0.41%$22M747.2K
42HALHALLIBURTON COhistory →COM0.41%$21M548.9K
43IQVIQVIA HLDGS INChistory →COM0.40%$21M122.2K
44WFCWELLS FARGO & COhistory →COM0.39%$20M256.0K
45AMDADVANCED MICRO DEVICES INChistory →COM0.39%$20M99.5K
46FANGDIAMONDBACK ENERGY INChistory →COM0.39%$20M102.1K
47CHRDCHORD ENERGY CORPORATIONhistory →COM NEW0.36%$19M132.9K
48TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.36%$19M37.9K
49MTDRMATADOR RES COhistory →COM0.35%$19M294.3K
50JNJJOHNSON & JOHNSONhistory →COM0.35%$18M75.6K
51CNCCENTENE CORP DELhistory →COM0.35%$18M564.6K
52PVHPVH CORPORATIONhistory →COM0.34%$18M258.6K
53CCITIGROUP INChistory →COM NEW0.33%$17M153.2K
54LKQLKQ CORPhistory →COM0.33%$17M584.1K
55CHTRCHARTER COMMUNICATIONS INChistory →CL A0.33%$17M79.4K
56TSLATESLA INChistory →COM0.33%$17M46.0K
57ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.32%$17M187.5K
58ALKALASKA AIR GROUP INChistory →COM0.31%$16M448.3K
59CVXCHEVRON CORPORATIONhistory →COM0.31%$16M79.1K
60JPMJPMORGAN CHASE & COhistory →COM0.31%$16M55.4K
61DUKDUKE ENERGY CORP NEWhistory →COM NEW0.31%$16M124.2K
62DISDISNEY WALT COhistory →COM0.31%$16M168.4K
63DHRDANAHER CORP DELhistory →COM0.31%$16M85.5K
64LRCXLAM RESEARCH CORPhistory →COM NEW0.31%$16M75.0K
65VSATVIASAT INChistory →COM0.29%$15M336.1K
66VZVERIZON COMMUNICATIONS INChistory →COM0.29%$15M305.2K
67CSXCSX CORPhistory →COM0.29%$15M366.4K
68PYPLPAYPAL HLDGS INChistory →COM0.28%$15M326.5K
69DEDEERE & COhistory →COM0.28%$15M26.1K
70HONHONEYWELL INTL INChistory →COM0.27%$14M63.1K
71EQHEQUITABLE HLDGS INChistory →COM0.27%$14M377.7K
72ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.27%$14M70.5K
73RNRRENAISSANCERE HLDGS LTDhistory →COM0.27%$14M46.9K
74LMTLOCKHEED MARTIN CORPhistory →COM0.26%$14M22.8K
75HPQHP INChistory →COM0.26%$14M715.3K
76CVSCVS HEALTH CORPhistory →COM0.26%$14M189.0K
77PGPROCTER & GAMBLE COhistory →COM0.26%$14M93.6K
78RTXRTX CORPORATIONhistory →COM0.26%$14M70.1K
79GNRCGENERAC HLDGS INChistory →COM0.26%$14M69.1K
80SOLVSOLVENTUM CORPhistory →COM SHS0.25%$13M203.6K
81LOWLOWES COS INChistory →COM0.25%$13M56.2K
82ARWARROW ELECTRS INChistory →COM0.25%$13M91.2K
83TFCTRUIST FINL CORPhistory →COM0.25%$13M280.1K
84MUMICRON TECHNOLOGY INChistory →COM0.24%$13M38.0K
85SWSMURFIT WESTROCK PLChistory →SHS0.24%$13M321.5K
86EMNEASTMAN CHEM COhistory →COM0.24%$13M167.7K
87UNMUNUM GROUPhistory →COM0.24%$12M169.4K
88ADBEADOBE INChistory →COM0.23%$12M49.9K
89NEENEXTERA ENERGY INChistory →COM0.23%$12M130.0K
90FISVFISERV INChistory →COM0.23%$12M214.6K
91GPNGLOBAL PMTS INChistory →COM0.23%$12M177.2K
92WCCWESCO INTL INChistory →COM0.22%$12M42.8K
93UNPUNION PAC CORPhistory →COM0.22%$12M47.9K
94PEPPEPSICO INChistory →COM0.22%$11M73.9K
95INTCINTEL CORPhistory →COM0.22%$11M259.2K
96MCHPMICROCHIP TECHNOLOGY INC.history →COM0.22%$11M176.9K
97MDLZMONDELEZ INTL INChistory →CL A0.22%$11M196.9K
98MDTMEDTRONIC PLChistory →SHS0.22%$11M130.7K
99DVNDEVON ENERGY CORP NEWhistory →COM0.21%$11M222.6K
100FDXFEDEX CORPhistory →COM0.21%$11M31.0K

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 ↗.