PROOF OF CONCEPT: figures shown are example data compiled from public research; verification is ongoing
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Confirmed current holder

Minnesota State Board of Investment

State investment board · MN · data as of: Nov 2025 (SBI data)
$470K
Current position
$13.3M
Historical total
n/a
Coupon
n/a
Maturity
CONFIDENCE 70/100: how sure we are of this entity's status today (see methodology)

Official SBI data shows a slide from a $13.3M peak to a single residual bond of about $470K: a recurring $10M bond was not renewed in July 2025 and a flurry of sales (most recent Oct 9, 2025) realized a loss of roughly $810K. The SBI insists its policy has not changed.

Bond records

EventDateAmountNotes
Peak holdingpre-2025$13.3MTransactions date to 2009
Non-renewalJul 2025$10MRecurring 10-year bond allowed to mature
Bond salesthrough Oct 2025n/a~$810K realized loss
HoldingNov 2025$470KSingle residual bond, 96% divested

Sources: don't take our word for it

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