We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|
1301
Herbalife
HLF
$1.28B
| $1.85M | ﹤0.01% |
+214,700
| New | +$1.59M |
|
|
RNAM
1302
DELISTED
Avidity Biosciences
RNAM
| $1.85M | ﹤0.01% |
65,018
+6,329
| +11% | +$189K |
|
1303
Otter Tail
OTTR
$3.87B
| $1.85M | ﹤0.01% |
23,947
-415
| -2% | -$32.4K |
|
|
HOUS
1304
DELISTED
Anywhere Real Estate
HOUS
| $1.83M | ﹤0.01% |
506,652
+140,603
| +38% | +$490K |
|
1305
Frontdoor
FTDR
$5.83B
| $1.83M | ﹤0.01% |
31,100
+14,209
| +84% | +$713K |
|
1306
Strategic Education
STRA
$1.81B
| $1.83M | ﹤0.01% |
21,479
-995
| -4% | -$84.6K |
|
1307
Protagonist Therapeutics
PTGX
$9.8B
| $1.82M | ﹤0.01% |
32,988
-20,752
| -39% | -$996K |
|
1308
American States Water
AWR
$3.49B
| $1.82M | ﹤0.01% |
23,754
-1,401
| -6% | -$110K |
|
1309
Hovnanian Enterprises
HOV
$793M
| $1.82M | ﹤0.01% |
17,407
+1,651
| +10% | +$162K |
|
1310
Grindr
GRND
$2.74B
| $1.8M | ﹤0.01% |
79,200
-19,676
| -20% | -$432K |
|
|
AKRO
1311
DELISTED
Akero Therapeutics
AKRO
| $1.79M | ﹤0.01% |
33,546
-3,594
| -10% | -$163K |
|
1312
Scholar Rock
SRRK
$6.46B
| $1.77M | ﹤0.01% |
49,964
-24,927
| -33% | -$782K |
|
1313
Navient
NAVI
$867M
| $1.76M | ﹤0.01% |
124,496
+80,102
| +180% | +$1.03M |
|
1314
Koppers
KOP
$857M
| $1.75M | ﹤0.01% |
54,565
+36,853
| +208% | +$1.06M |
|
1315
AppFolio
APPF
$7.22B
| $1.75M | ﹤0.01% |
7,599
-1,241
| -14% | -$271K |
|
|
CBL
1316
CBL Properties
CBL
$1.77B
| $1.75M | ﹤0.01% |
68,870
-3,236
| -4% | -$79.7K |
|
1317
Quantum Computing Inc
QUBT
$2.02B
| $1.75M | ﹤0.01% |
91,070
-2,883
| -3% | -$31.8K |
|
1318
Energy Recovery
ERII
$397M
| $1.74M | ﹤0.01% |
136,296
-4,141
| -3% | -$56.1K |
|
1319
Progyny
PGNY
$1.99B
| $1.74M | ﹤0.01% |
79,056
+4,707
| +6% | +$103K |
|
1320
InMode
INMD
$876M
| $1.73M | ﹤0.01% |
120,031
-1,282
| -1% | -$18.8K |
|
1321
Celldex Therapeutics
CLDX
$3.35B
| $1.72M | ﹤0.01% |
84,726
+49,871
| +143% | +$971K |
|
1322
Kilroy Realty
KRC
$4.22B
| $1.72M | ﹤0.01% |
50,164
-4,806
| -9% | -$157K |
|
1323
Rogers Corp
ROG
$2.48B
| $1.72M | ﹤0.01% |
25,058
+21,488
| +602% | +$1.39M |
|
1324
IES Holdings
IESC
$15.3B
| $1.71M | ﹤0.01% |
5,775
-3,064
| -35% | -$722K |
|
1325
Laureate Education
LAUR
$5.15B
| $1.71M | ﹤0.01% |
73,139
-20,323
| -22% | -$436K |
|
Similar funds
LP
HF
RIM
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.