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Portfolio (Quarterly) Guide ↗

South Dakota Investment Council

· CIK 0001538846
13F Portfolio $5.3B AUM 606 positions Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 22 New 99 Added 435 Reduced
Page 1 of 22  ·  435 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 VWO VANGUARD INTL EQUITY INDEX F 10,728,387.0 $576.8M 10.98% -1.1M -9.4% $53.76 +9.8%
2 MSFT MICROSOFT CORP Technology 450,592.0 $217.9M 4.15% -20K -4.3% $483.62 -19.3%
3 AAPL APPLE INC Technology 752,718.0 $204.6M 3.90% -42K -5.3% $271.86 +13.5%
4 GOOGL ALPHABET INC Communication Services 351,524.0 $110.0M 2.10% -51K -12.7% $313.00 +15.0%
5 VTOL BRISTOW GROUP INC Energy 2,767,745.0 $101.4M 1.93% -422K -13.2% $36.62 +11.0%
6 GOOG ALPHABET INC Communication Services 268,790.0 $84.3M 1.61% -40K -12.9% $313.80 +13.5%
7 BERKSHIRE HATHAWAY INC DEL 109,756.0 $55.2M 1.05% -6K -5.6% $502.65
8 UNH UNITEDHEALTH GROUP INC Healthcare 163,039.0 $53.8M 1.02% -33K -17.0% $330.11 +28.9%
9 LLY ELI LILLY & CO Healthcare 47,837.0 $51.4M 0.98% -9K -15.3% $1074.67 +12.6%
10 ELV ELEVANCE HEALTH INC FORMERLY Healthcare 112,298.0 $39.4M 0.75% -3K -2.6% $350.55 +19.2%
11 V VISA INC Financial Services 97,870.0 $34.3M 0.65% -5K -4.5% $350.71 +0.1%
12 PFE PFIZER INC Healthcare 1,204,986.0 $30.0M 0.57% -76K -5.9% $24.90 -2.3%
13 MA MASTERCARD INCORPORATED Financial Services 47,204.0 $26.9M 0.51% -3K -5.3% $570.88 -5.5%
14 RGA REINSURANCE GRP OF AMERICA I Financial Services 123,648.0 $25.2M 0.48% -13K -9.4% $203.46 +8.6%
15 XOM EXXON MOBIL CORP Energy 202,282.0 $24.3M 0.46% -10K -4.7% $120.34 +13.2%
16 AMD ADVANCED MICRO DEVICES INC Technology 112,149.0 $24.0M 0.46% -32K -22.0% $214.16 +141.8%
17 AMAT APPLIED MATLS INC Technology 93,049.0 $23.9M 0.46% -18K -16.2% $256.99 +134.7%
18 WFC WELLS FARGO CO NEW Financial Services 255,861.0 $23.8M 0.45% -9K -3.2% $93.20 -7.8%
19 SLB SLB LIMITED Energy 561,453.0 $21.5M 0.41% -9K -1.5% $38.38 +17.6%
20 ACGL ARCH CAP GROUP LTD Financial Services 223,271.0 $21.4M 0.41% -7K -3.2% $95.92 +6.5%
Page 1 of 22  ·  435 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 25.4%
Healthcare 13.9%
Financial Services 12.2%
Energy 10.0%
Industrials 9.8%
Communication Services 9.4%
Consumer Cyclical 9.3%
Consumer Defensive 5.1%
Basic Materials 2.9%
Utilities 2.2%