South Dakota Investment Council
The South Dakota Investment Council is a state-established investment manager headquartered in Sioux Falls, South Dakota. Founded in 1971 by the South Dakota Legislature, the Council manages the financial assets of the State of South Dakota, including public retirement systems like the South Dakota Retirement System (SDRS), state trust funds, and other governmental financial assets. As of 2024, the organization employs approximately 38 professionals across investment, accounting, administration, and legal functions. The firm primarily serves public sector employees and the people of South Dakota through prudent, long-term asset management, operating under South Dakota statutes and a codified prudent-person standard.
Investment Strategy
The South Dakota Investment Council invests public pension and state trust fund assets with a primary objective to achieve and exceed long-term benchmark returns, maintaining financial strength for retirement and trust beneficiaries. The Council employs disciplined asset allocation with exposures to equities, fixed income, real estate, and private equity and abides by the prudent-person standard as required by state law—seeking capital preservation and stable long-term returns while avoiding speculation. Investment policies and performance benchmarks are established and monitored by a board, with staff execution led by the State Investment Officer. The Council places a heavy emphasis on low cost, internal management, and a diversified portfolio.
Top Holdings
Equity Positions (608)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VWO | VANGUARD INTL EQUITY INDEX F | 13.31% | $694.1M | 14,033,302 | $41.81 | $49.46 | +$59.3M |
A AGG | ISHARES TR | 5.31% | $276.9M | 2,790,935 | $105.85 | $99.20 | -$14.5M |
M MSFT | MICROSOFT CORP | 4.92% | $256.7M | 516,129 | $65.17 | $497.41 | +$62.7M |
A AAPL | APPLE INC | 3.36% | $175.2M | 853,883 | $31.63 | $205.17 | -$14.9M |
N NVDA | NVIDIA CORPORATION | 3.00% | $156.3M | 989,545 | $11.48 | $157.99 | +$48.7M |