South Dakota Investment Council

Q4 2025 13F Holdings Report, Stock Holdings

Signature - Title
Matthew L. Clark - State Investment Officer
Location
Sioux Falls, SD
Holdings as of
31 Dec 2025
Value $
$5,252,934,000
Num holdings
606
Filing time
12 Feb 2026, 09:39:08 UTC
Form type
13F-HR
Description
All US holdings of this investor are reported in this report. Top holdings included VWO, AGG, MSFT, NVDA, and AAPL.
Previous filing
Q3 2025 - 12 Nov 2025
Sym Weight Trade Impact Company Class Share Change Activity Value Change $ Value $ * Price $ Shares Principal
Filing 2025 Q4 compared to 2025 Q3 by default. Changes are calculated vs the previous SEC filing.
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Matthew L. Clark State Investment Officer Sioux Falls, South Dakota 12 Feb 2026