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State of Wisconsin Investment Board

State of Wisconsin Investment Board Portfolio holdings

AUM $43.7B
1-Year Est. Return 27.76%
This Fund
S&P 500
This Quarter Est. Return
+3.81%
1 Year Est. Return
+27.76%
3 Year Est. Return
+95.56%
5 Year Est. Return
+123.77%
10 Year Est. Return
+486.44%
AUM
$44.7B
AUM Growth
+$1.12B
Cap. Flow
+$282M
Cap. Flow %
0.63%
Top 10 Hldgs %
28.98%
Holding
2,613
New
247
Increased
776
Reduced
1,214
Closed
248

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$201M
2
RY icon
Royal Bank of Canada
RY
+$78.9M
3
BEP icon
Brookfield Renewable
BEP
+$77.7M
4
SHOP icon
Shopify
SHOP
+$70.6M
5
BKLN icon
Invesco Senior Loan ETF
BKLN
+$66.7M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$112M
2
NVDA icon
NVIDIA
NVDA
+$101M
3
ZG icon
Zillow
ZG
+$101M
4
MSFT icon
Microsoft
MSFT
+$80.8M
5
AMZN icon
Amazon
AMZN
+$39.8M

Sector Composition

Rank Sector Weight
1 Technology 26.6%
2 Financials 13.19%
3 Communication Services 10.23%
4 Consumer Discretionary 9.12%
5 Healthcare 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DVYE icon
776
iShares Emerging Markets Dividend ETF
DVYE
$1.21B
$8.35M 0.02%
267,953
– –
MLI icon
777
Mueller Industries
MLI
$14.7B
$8.34M 0.02%
145,242
+12,148
+9% +$653K
EXTR icon
778
Extreme Networks
EXTR
$3.16B
$8.32M 0.02%
499,764
+27,698
+6% +$509K
EQH icon
779
Equitable Holdings
EQH
$14.4B
$8.29M 0.02%
174,022
-28,365
-14% -$1.35M
OSW icon
780
OneSpaWorld
OSW
$2.73B
$8.28M 0.02%
399,053
+22,930
+6% +$480K
LKQ icon
781
LKQ Corp
LKQ
$6.38B
$8.27M 0.02%
273,727
-292,738
-52% -$8.83M
SCI icon
782
Service Corp International
SCI
$11.3B
$8.2M 0.02%
105,165
+19,021
+22% +$1.52M
AKAM icon
783
Akamai
AKAM
$18B
$8.16M 0.02%
93,517
-1,195
-1% -$98.3K
IRT icon
784
Independence Realty Trust
IRT
$4.01B
$8.14M 0.02%
465,811
+11,994
+3% +$199K
FND icon
785
Floor & Decor
FND
$6.27B
$8.11M 0.02%
133,246
+17,265
+15% +$1.12M
SKT icon
786
Tanger
SKT
$4.42B
$8.04M 0.02%
240,941
+6,703
+3% +$223K
EXLS icon
787
EXL Service
EXLS
$5.36B
$8.03M 0.02%
189,305
-121
-0.1% -$4.95K
NGVT icon
788
Ingevity
NGVT
$2.59B
$8.02M 0.02%
135,442
+93,494
+223% +$5.07M
RPRX icon
789
Royalty Pharma
RPRX
$26.1B
$8M 0.02%
206,951
-2,541
-1% -$96.9K
CTRE icon
790
CareTrust REIT
CTRE
$9.18B
$7.99M 0.02%
220,880
-6,764
-3% -$243K
EMN icon
791
Eastman Chemical
EMN
$8.43B
$7.98M 0.02%
124,950
-29,607
-19% -$1.82M
IEX icon
792
IDEX
IEX
$17.6B
$7.96M 0.02%
44,755
-12,318
-22% -$2.1M
BEN icon
793
Franklin Resources
BEN
$17.2B
$7.95M 0.02%
332,974
-15,890
-5% -$365K
BG icon
794
Bunge Global
BG
$21.7B
$7.93M 0.02%
89,011
+3,318
+4% +$306K
DY icon
795
Dycom Industries
DY
$12.3B
$7.91M 0.02%
23,413
+17,783
+316% +$5.61M
WING icon
796
Wingstop
WING
$3.1B
$7.89M 0.02%
33,089
-6,734
-17% -$1.67M
TREE icon
797
LendingTree
TREE
$461M
$7.88M 0.02%
148,484
+12,562
+9% +$704K
CYBR
798
DELISTED
CyberArk
CYBR
$7.85M 0.02%
17,608
-80
-0.5% -$38.5K
STLA icon
799
Stellantis
STLA
$20.2B
$7.85M 0.02%
+706,226
New +$7.59M
AGI icon
800
Alamos Gold
AGI
$13.8B
$7.85M 0.02%
+202,900
New +$7.07M
30 31
32
33 34

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State of Wisconsin Investment Board's Q4 2025 Portfolio in Review

As of Q4 2025, State of Wisconsin Investment Board held 2,613 positions worth $44.7B, up 2.6% from $43.6B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

State of Wisconsin Investment Board's Q4 2025 filing shows 247 new, 776 increased, 1,214 reduced and 248 closed positions. Its largest new stake was Royal Bank of Canada: 513,881 shares worth $87.7M. The largest sale was Apple, an estimated $112M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Communication Services.

  • State of Wisconsin Investment Board's largest Q4 2025 buy was Royal Bank of Canada: 513,881 shares worth $87.7M.
  • State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q4 2025, an estimated $201M increase.
  • State of Wisconsin Investment Board's biggest Q4 2025 reduction was Apple, cutting an estimated $112M.
  • State of Wisconsin Investment Board fully exited Xtrackers Harvest CSI 300 China A-Shares ETF in Q4 2025, selling an estimated $24.9M.
  • State of Wisconsin Investment Board's ten largest holdings make up 29% of its $44.7B portfolio in Q4 2025.
  • State of Wisconsin Investment Board opened 247 new positions and closed 248 in Q4 2025.
  • State of Wisconsin Investment Board's portfolio value rose 2.6% quarter-over-quarter to $44.7B.

Based on State of Wisconsin Investment Board's 13F filing for Q4 2025, filed 17 Feb 2026.