Q2 2026 13F · SEC CIK 1538846

South Dakota Investment Council

Investment managerFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $5.8B
Reported positions: 621
Top holdings a year, 3 yrs: +16.7%
Average holding period: 8.0 yrs

South Dakota Investment Council is an investment manager that reported 621 positions worth $5.8B in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Vanguard Intl Equity Index F (VWO, 10.6%), Ishares Tr (AGG, 5.9%), Nvidia Corporation (NVDA, 4.6%). A portfolio copying its top holdings returned 16.7% a year over the last 3 years, against 20.4% for the S&P 500.

South Dakota Investment Council holdings largest 50 of 621 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

South Dakota Investment Council 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VWOVanguard Intl Equity Index F	10.6%	11.0%	10,336,538	-2.9%	$617.0M
AGGIshares Tr	5.9%	6.2%	3,453,435	+5.5%	$341.8M
NVDANvidia Corporation	4.6%	4.1%	1,338,670	+8.5%	$267.9M
AAPLApple Inc	3.7%	3.6%	744,947	-0.6%	$215.6M
VCSHVanguard Scottsdale Fds	3.2%	2.7%	2,355,122	+31.9%	$186.1M
MSFTMicrosoft Corp	2.9%	3.3%	458,784	-0.5%	$171.1M
AMZNAmazon Com Inc	2.3%	2.3%	564,563	-2.5%	$134.6M
GOOGLAlphabet Inc	1.9%	1.8%	304,600	-6.1%	$108.9M
GOOGAlphabet Inc	1.6%	1.5%	262,529	-2.3%	$92.8M
USHYiShares Broad USD High Yield Corporate B	1.3%	1.4%	2,006,500	+2.2%	$74.3M
METAMeta Platforms Inc	1.2%	1.3%	121,131	+3.9%	$68.2M
VTOLBristow Group Inc	1.1%	1.8%	1,603,618	-18.4%	$66.3M
AVGOBroadcom Inc	1.1%	0.8%	162,684	+23.2%	$61.5M
AMDAdvanced Micro Devices Inc	1.0%	0.4%	95,975	-3.6%	$55.8M
BRK-BBerkshire Hathaway Inc Del	0.9%	1.0%	107,973	-2.2%	$54.0M
AMATApplied Matls Inc	0.9%	0.5%	69,528	-14.2%	$50.3M
LLYEli Lilly & Co	0.8%	0.8%	41,297	-8.6%	$49.5M
BBWIBath & Body Works Inc (BBWI)	0.8%	0.6%	1,893,888	+7.8%	$43.8M
ZTSZoetis Inc	0.7%	0.5%	590,102	+167.2%	$42.4M
USBUS Bancorp	0.7%	0.7%	701,020	-3.2%	$42.3M
UNHUnitedhealth Group Inc	0.7%	0.9%	93,988	-45.8%	$39.1M
ELVElevance Health Inc Formerly	0.7%	0.7%	100,835	-16.8%	$39.0M
REEverest Group Ltd	0.6%	0.6%	102,992	+1.0%	$36.8M
MUMicron Technology Inc	0.6%	—	31,275	—	$36.1M
TXNTexas Instrs Inc	0.6%	0.5%	115,087	-14.2%	$34.3M
COPConocophillips	0.6%	0.8%	327,723	+7.9%	$34.1M
VVisa Inc	0.6%	0.6%	95,912	-1.5%	$32.9M
LRCXLam Research Corp	0.6%	—	74,624	—	$32.3M
HUMHumana Inc	0.5%	0.8%	78,896	-65.6%	$31.3M
CDWCdw Corp/de	0.5%	—	218,632	—	$30.7M
UPSUnited Parcel Svcs Inc	0.5%	0.5%	280,661	+3.5%	$30.2M
INTCIntel Corp	0.5%	—	215,629	—	$30.1M
MOHMolina Healthcare Inc	0.5%	0.4%	130,276	-22.6%	$29.8M
PFEPfizer Inc	0.5%	0.6%	1,166,118	-3.1%	$28.1M
CMCSAComcast Corp New	0.5%	0.5%	1,097,490	+13.2%	$26.9M
RGAReinsurance Group America	0.5%	0.5%	126,629	+6.9%	$26.9M
WFCWells Fargo & Co	0.4%	0.4%	315,522	+23.3%	$26.1M
IQVIqvia Hldgs Inc	0.4%	0.4%	134,669	+10.2%	$26.0M
MAMastercard Incorporated	0.4%	0.5%	50,246	-0.6%	$25.8M
CHTRCharter Communications Inc	0.4%	—	180,839	—	$25.7M
EOGEog Res Inc	0.4%	0.5%	191,076	-1.8%	$24.8M
ALKAlaska Air Group Inc	0.4%	—	463,482	—	$24.2M
RNRRenaissancere Holdings	0.4%	—	70,505	—	$22.3M
OXYOccidental Pete Corp	0.4%	0.5%	455,056	+15.8%	$22.1M
ACGLArch Cap Group Ltd	0.4%	0.4%	225,526	-0.6%	$21.9M
DHRDanaher Corp Del	0.4%	—	114,619	—	$21.8M
MRKMerck & Co Inc	0.4%	0.4%	166,665	-7.4%	$21.4M
SLBSlb Limited	0.4%	0.5%	446,879	-9.9%	$20.8M
STZConstellation Brands Inc	0.3%	0.4%	146,098	-1.0%	$20.3M
XOMExxonmobil Holdings Corp	0.3%	—	145,930	—	$20.0M

What South Dakota Investment Council bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.5% /yr; S&P 500 +20.1%
3 years: +16.7% /yr; S&P 500 +20.4%
5 years: +8.3% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$5.8B	621
Q1 2026	$5.2B	622
Q4 2025	$5.3B	606
Q3 2025	$5.1B	606
Q2 2025	$5.2B	612
Q1 2025	$4.9B	596
Q4 2024	$5.0B	594
Q3 2024	$5.1B	589
Q2 2024	$4.9B	581
Q1 2024	$4.8B	584
Q4 2023	$4.7B	616
Q3 2023	$4.4B	616

Questions about South Dakota Investment Council's portfolio

What stocks does South Dakota Investment Council own?

South Dakota Investment Council's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 621 positions worth $5.8B. The largest are Vanguard Intl Equity Index F (VWO) at 10.6%, Ishares Tr (AGG) at 5.9%, Nvidia Corporation (NVDA) at 4.6%, Apple Inc (AAPL) at 3.7% and Vanguard Scottsdale Fds (VCSH) at 3.2%.

What did South Dakota Investment Council buy last quarter?

In Q2 2026, South Dakota Investment Council added Zoetis Inc (ZTS) (+167.2% shares), Vanguard Scottsdale Fds (VCSH) (+31.9% shares) and Wells Fargo & Co (WFC) (+23.3% shares), compared with its Q1 2026 filing.

What did South Dakota Investment Council sell last quarter?

In Q2 2026, South Dakota Investment Council cut from its top 50 Target Corp (TGT), cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Apa Corporation (APA), cut from its top 50 Lyondellbasell Industries NV (LYB), cut from its top 50 Liberty Energy Inc (LBRT), Humana Inc (HUM) (-65.6% shares), Unitedhealth Group Inc (UNH) (-45.8% shares) and Molina Healthcare Inc (MOH) (-22.6% shares), compared with its Q1 2026 filing.

How has South Dakota Investment Council's portfolio performed?

A portfolio copying South Dakota Investment Council's 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.5% against +20.1%. Over 5 years: +8.3% a year against +11.6%.

When is South Dakota Investment Council's next 13F filing due?

13F filings are due 45 days after each quarter ends. South Dakota Investment Council's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.