South Dakota Investment Council

Q3 2025 13F-HR Holdings

Location
Sioux Falls, SD
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
606
Total value ($000)
$5,144,110
Net value change ($000)
-71,314 (-1.4%)
New positions
30
Sold out positions
36
Turnover %
2.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NVDA 36,854 23.6%
UNH 28,379 71.9%
AAPL 27,211 15.5%
ELV 20,514 122.5%
CVX 18,599 3646.9%
GOOGL 18,303 23.0%
FISV 10,348 697.8%
LBRT 9,640 287.0%
GOOGL 8,466 12.7%
ORCL 8,342 182.8%
Top Reduces (Value $000, Stocks/ETFs)
VWO -52,462 -7.6%
AHC -26,528 -100.0%
VT -14,856 -100.0%
MSFT -12,892 -5.0%
DINO -12,170 -86.8%
AMZN -10,152 -7.7%
WBA -8,880 -100.0%
COOP -8,631 -43.4%
TE CONNECTIVITY PLC -7,439 -50.1%
META -7,046 -7.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type