Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $137.6M | 5.6% | +1.4% |
| IVVIshares Tr | $134.6M | 5.5% | +60.0% |
| LQDIshares Tr | $127.4M | 5.2% | +5.1% |
| AAPLApple Inc | $123.3M | 5.0% | |
| MSFTMicrosoft Corp | $81.7M | 3.3% | +1.9% |
| USIGIshares Tr | $76.9M | 3.1% | −71.4% |
| AMZNAmazon Com Inc | $68.2M | 2.8% | +2.9% |
| GOOGLAlphabet Inc | $61.4M | 2.5% | +2.0% |
| AVGOBroadcom Inc | $51.9M | 2.1% | +2.6% |
| GOOGAlphabet Inc | $49.5M | 2.0% | +2.2% |
| MUMicron Technology Inc | $38.4M | 1.6% | +2.6% |
| METAMeta Platforms Inc | $36.6M | 1.5% | +2.6% |
| TSLATesla Inc | $36.2M | 1.5% | +5.3% |
| LLYEli Lilly & Co | $28.2M | 1.1% | +1.4% |
| AMDAdvanced Micro Devices Inc | $27.8M | 1.1% | +2.6% |
| BRK/BBerkshire Hathaway Inc Del | $27.4M | 1.1% | +2.6% |
| JPMJpmorgan Chase & Co | $25.8M | 1.0% | |
| INTCIntel Corp | $18.1M | 0.7% | +1.1% |
| JNJJohnson & Johnson | $18.0M | 0.7% | +1.9% |
| AMATApplied Matls Inc | $16.9M | 0.7% | |
| Exxon Mobil CorpCUSIP 30231G102 | $16.8M | 0.7% | |
| VVisa Inc | $16.7M | 0.7% | |
| LRCXLam Research Corp | $16.0M | 0.6% | +1.3% |
| IGSBIshares Tr | $15.6M | 0.6% | −11.3% |
| WMTWalmart Inc | $14.7M | 0.6% | +2.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AMATApplied Matls Inc | December 31, 2025 | +181.3% | $16.9M |
| AMDAdvanced Micro Devices Inc | December 31, 2025 | +171.3% | $27.8M |
| LRCXLam Research Corp | December 31, 2025 | +153.1% | $16.0M |
| CATCaterpillar Inc | December 31, 2025 | +85.9% | $14.3M |
| GEVGe Vernova Inc | December 31, 2025 | +79.8% | $9.3M |
| CSCOCisco Sys Inc | December 31, 2025 | +52.5% | $14.1M |
| UNHUnitedhealth Group Inc | December 31, 2025 | +25.9% | $12.2M |
| JNJJohnson & Johnson | December 31, 2025 | +22.7% | $18.0M |
| MRKMerck & Co Inc | December 31, 2025 | +22.1% | $9.4M |
| GEGe Aerospace | December 31, 2025 | +21.3% | $11.4M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $4.2M
- CHWYChewy Inc was $1.4M
- Carnival CorpCUSIP 143658300 was $808K
- Dupont De Nemours IncCUSIP 26614N102 was $767K
- CTRACoterra Energy Inc was $766K
- Hologic IncCUSIP 436440101 was $493K
- CHRDChord Energy Corporation was $238K
- MOSMosaic Co New was $235K
- Masimo CorpCUSIP 574795100 was $234K
- MTDRMatador Res Co was $216K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.3% | +14.8% |
| March 31, 2026 | −4.1% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: North Dakota State Investment Board Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2064039&type=13F-HR&dateb=&owner=include&count=40CIK 2064039
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2064039/000206403926000005/Filed August 4, 2026 · accession 0002064039-26-000005