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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
+13.3%
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
$41B
AUM Growth
+$2.26B
(+5.8%)
Cap. Flow
-$1.49B
Cap. Flow
% of AUM
-3.63%
Top 10 Holdings %
Top 10 Hldgs %
27.58%
Holding
2,442
New
201
Increased
735
Reduced
1,331
Closed
129
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$390M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$107M |
| 3 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$38M |
| 4 |
Capital One
COF
|
+$29.9M |
| 5 |
Liberty Broadband Class A
LBRDA
|
+$28.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$398M |
| 2 |
NVIDIA
NVDA
|
+$120M |
| 3 |
Microsoft
MSFT
|
+$107M |
| 4 |
Apple
AAPL
|
+$94.7M |
| 5 |
Zillow
ZG
|
+$57.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.25% |
| 2 | Financials | 12.9% |
| 3 | Communication Services | 10.11% |
| 4 | Consumer Discretionary | 9.5% |
| 5 | Industrials | 8.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
Crocs
CROX
$6.36B
| $4.75M | 0.01% |
46,927
-28,568
| -38% | -$2.91M |
|
952
Columbia Banking Systems
COLB
$9.18B
| $4.75M | 0.01% |
203,211
-8,533
| -4% | -$198K |
|
953
Charles River Laboratories
CRL
$13.4B
| $4.74M | 0.01% |
31,254
-19,553
| -38% | -$2.61M |
|
|
WNS
954
DELISTED
WNS Holdings
WNS
| $4.74M | 0.01% |
74,875
+47,807
| +177% | +$2.86M |
|
955
First Horizon
FHN
$12.3B
| $4.73M | 0.01% |
222,992
-38,675
| -15% | -$737K |
|
956
Genpact
G
$5.78B
| $4.72M | 0.01% |
107,327
-9,097
| -8% | -$412K |
|
957
AGNC Investment
AGNC
$13B
| $4.71M | 0.01% |
512,004
-15,805
| -3% | -$141K |
|
958
Teleflex
TFX
$5.82B
| $4.7M | 0.01% |
39,701
-4,811
| -11% | -$607K |
|
959
Southwest Gas
SWX
$6.67B
| $4.7M | 0.01% |
63,151
-6,298
| -9% | -$454K |
|
960
Bentley Systems
BSY
$11B
| $4.69M | 0.01% |
86,941
-964
| -1% | -$44.6K |
|
961
Wynn Resorts
WYNN
$10.5B
| $4.68M | 0.01% |
49,980
-1,142
| -2% | -$96.9K |
|
962
Weatherford International
WFRD
$6.6B
| $4.68M | 0.01% |
92,937
-2,599
| -3% | -$121K |
|
963
National Fuel Gas
NFG
$7.75B
| $4.66M | 0.01% |
55,051
-2,793
| -5% | -$225K |
|
964
American Financial Group
AFG
$12.1B
| $4.64M | 0.01% |
36,788
-3,932
| -10% | -$492K |
|
965
PROG Holdings
PRG
$1.7B
| $4.6M | 0.01% |
156,811
+79,049
| +102% | +$2.2M |
|
966
Franklin Resources
BEN
$17.2B
| $4.6M | 0.01% |
192,886
-13,971
| -7% | -$288K |
|
967
Oceaneering
OII
$5.11B
| $4.6M | 0.01% |
221,919
-4,649
| -2% | -$89.6K |
|
968
MKS Inc
MKSI
$20.7B
| $4.59M | 0.01% |
46,212
-12,649
| -21% | -$1.03M |
|
969
Ecovyst
ECVT
$1.1B
| $4.59M | 0.01% |
557,772
-2,705
| -0.5% | -$19K |
|
|
OS
970
DELISTED
OneStream Inc
OS
| $4.58M | 0.01% |
162,011
+2,808
| +2% | +$69.9K |
|
971
Matsons
MATX
$6.39B
| $4.56M | 0.01% |
40,958
+1,123
| +3% | +$123K |
|
972
Brinker International
EAT
$10.2B
| $4.55M | 0.01% |
25,216
-3,155
| -11% | -$495K |
|
973
Elanco Animal Health
ELAN
$11.2B
| $4.54M | 0.01% |
318,000
-4,416
| -1% | -$51.6K |
|
974
Cognyte Software
CGNT
$692M
| $4.53M | 0.01% |
490,173
+226,397
| +86% | +$2.23M |
|
975
CarGurus
CARG
$3.38B
| $4.51M | 0.01% |
134,680
-31,736
| -19% | -$956K |
|
Similar funds
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HF
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State of Wisconsin Investment Board's Q2 2025 Portfolio in Review
As of Q2 2025, State of Wisconsin Investment Board held 2,442 positions worth $41B, up 5.8% from $38.7B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
State of Wisconsin Investment Board withdrew a net $1.49B in Q2 2025, closing 129 positions and reducing 1,331 holdings. Its most notable exit was Discover Financial Services, an estimated $25.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.
Against the trend, State of Wisconsin Investment Board opened a new position in State Street SPDR S&P Homebuilders ETF worth $39.4M.
- State of Wisconsin Investment Board's largest Q2 2025 buy was State Street SPDR S&P Homebuilders ETF: 400,000 shares worth $39.4M.
- State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q2 2025, an estimated $390M increase.
- State of Wisconsin Investment Board's biggest Q2 2025 reduction was Alphabet (Google) Class A, cutting an estimated $398M.
- State of Wisconsin Investment Board fully exited Discover Financial Services in Q2 2025, selling an estimated $25.4M.
- State of Wisconsin Investment Board's ten largest holdings make up 28% of its $41B portfolio in Q2 2025.
- State of Wisconsin Investment Board opened 201 new positions and closed 129 in Q2 2025.
- State of Wisconsin Investment Board's portfolio value rose 5.8% quarter-over-quarter to $41B.
Based on State of Wisconsin Investment Board's 13F filing for Q2 2025, filed 14 Aug 2025.