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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
-2.67%
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
$38.7B
AUM Growth
-$490M
(-1.2%)
Cap. Flow
+$1.41B
Cap. Flow
% of AUM
3.64%
Top 10 Holdings %
Top 10 Hldgs %
25.43%
Holding
2,386
New
123
Increased
1,235
Reduced
836
Closed
145
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$795M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 3 |
EFFE
Harbor Osmosis Emerging Markets Resource Efficient ETF
EFFE
|
+$105M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$90.4M |
| 5 |
EFFI
Harbor Osmosis International Resource Efficient ETF
EFFI
|
+$58.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$322M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$85.2M |
| 3 |
HEICO Corp Class A
HEI.A
|
+$34.6M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$26.5M |
| 5 |
ALTR
Altair Engineering Inc
ALTR
|
+$21.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.98% |
| 2 | Financials | 13.13% |
| 3 | Communication Services | 10.56% |
| 4 | Healthcare | 10.1% |
| 5 | Consumer Discretionary | 9.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
Saic
SAIC
$5.35B
| $2.4M | 0.01% |
21,395
-798
| -4% | -$86.2K |
|
1177
Selective Insurance
SIGI
$5.59B
| $2.4M | 0.01% |
26,192
-687
| -3% | -$60.2K |
|
1178
Roivant Sciences
ROIV
$26.2B
| $2.39M | 0.01% |
237,363
-4,858
| -2% | -$52.5K |
|
1179
Kontoor Brands
KTB
$4.65B
| $2.39M | 0.01% |
37,333
-8,006
| -18% | -$620K |
|
1180
Royal Gold
RGLD
$19.1B
| $2.39M | 0.01% |
14,632
+1,080
| +8% | +$158K |
|
1181
Arcutis Biotherapeutics
ARQT
$3.3B
| $2.39M | 0.01% |
152,861
+43,130
| +39% | +$608K |
|
1182
Five Below
FIVE
$13.2B
| $2.39M | 0.01% |
31,902
-1,822
| -5% | -$160K |
|
1183
Hayward Holdings
HAYW
$3.25B
| $2.37M | 0.01% |
169,990
+7,150
| +4% | +$104K |
|
1184
Harmony Biosciences
HRMY
$2.24B
| $2.35M | 0.01% |
70,890
+2,177
| +3% | +$78K |
|
1185
Upwork
UPWK
$1.08B
| $2.35M | 0.01% |
179,980
+153,581
| +582% | +$2.34M |
|
1186
Adient
ADNT
$1.44B
| $2.34M | 0.01% |
181,798
+3,761
| +2% | +$60.5K |
|
1187
PENN Entertainment
PENN
$2.57B
| $2.34M | 0.01% |
143,323
-25,271
| -15% | -$494K |
|
|
SWTX
1188
DELISTED
SpringWorks Therapeutics
SWTX
| $2.32M | 0.01% |
52,571
-22,083
| -30% | -$1.02M |
|
1189
NorthWestern Energy
NWE
$4.4B
| $2.32M | 0.01% |
40,014
-171
| -0.4% | -$9.3K |
|
1190
Telephone and Data Systems
TDS
$4.03B
| $2.27M | 0.01% |
58,545
+25,036
| +75% | +$902K |
|
1191
Gogo Inc
GOGO
$377M
| $2.26M | 0.01% |
262,271
-20,599
| -7% | -$161K |
|
|
SNRE
1192
DELISTED
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
| $2.25M | 0.01% |
46,647
-18,292
| -28% | -$857K |
|
1193
Kiniksa Pharmaceuticals
KNSA
$6.07B
| $2.24M | 0.01% |
101,042
-11,477
| -10% | -$236K |
|
1194
Energy Recovery
ERII
$397M
| $2.23M | 0.01% |
140,437
+2,376
| +2% | +$36.1K |
|
1195
Core Scientific
CORZ
$6.36B
| $2.23M | 0.01% |
308,210
+8,637
| +3% | +$98.3K |
|
1196
Privia Health
PRVA
$2.75B
| $2.23M | 0.01% |
99,229
-17,178
| -15% | -$399K |
|
1197
Cal-Maine
CALM
$3.87B
| $2.23M | 0.01% |
24,489
-5,276
| -18% | -$521K |
|
1198
Skywest
SKYW
$4.16B
| $2.22M | 0.01% |
25,431
-9,120
| -26% | -$933K |
|
1199
Invesco QQQ Trust
QQQ
$487B
| $2.21M | 0.01% |
4,720
+135
| +3% | +$68.6K |
|
1200
Cushman & Wakefield Ltd
CWK
$3.24B
| $2.21M | 0.01% |
215,956
+8,064
| +4% | +$98K |
|
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State of Wisconsin Investment Board's Q1 2025 Portfolio in Review
As of Q1 2025, State of Wisconsin Investment Board held 2,386 positions worth $38.7B, down 1.2% from $39.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
State of Wisconsin Investment Board deployed $1.41B of net new capital in Q1 2025, opening 123 new positions and adding to 1,235 existing holdings. Its largest new stake was Harbor Osmosis Emerging Markets Resource Efficient ETF: 5,140,000 shares worth $106M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 28% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was HEICO Corp Class A, an estimated $34.6M trimmed.
- State of Wisconsin Investment Board's largest Q1 2025 buy was Harbor Osmosis Emerging Markets Resource Efficient ETF: 5,140,000 shares worth $106M.
- State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q1 2025, an estimated $795M increase.
- State of Wisconsin Investment Board's biggest Q1 2025 reduction was HEICO Corp Class A, cutting an estimated $34.6M.
- State of Wisconsin Investment Board fully exited iShares Bitcoin Trust in Q1 2025, selling an estimated $322M.
- State of Wisconsin Investment Board's ten largest holdings make up 25% of its $38.7B portfolio in Q1 2025.
- State of Wisconsin Investment Board opened 123 new positions and closed 145 in Q1 2025.
- State of Wisconsin Investment Board's portfolio value fell 1.2% quarter-over-quarter to $38.7B.
Based on State of Wisconsin Investment Board's 13F filing for Q1 2025, filed 15 May 2025.