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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
+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
(+2.6%)
Cap. Flow
+$282M
Cap. Flow
% of AUM
0.63%
Top 10 Holdings %
Top 10 Hldgs %
28.98%
Holding
2,613
New
247
Increased
776
Reduced
1,214
Closed
248
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$201M |
| 2 |
Royal Bank of Canada
RY
|
+$78.9M |
| 3 |
Brookfield Renewable
BEP
|
+$77.7M |
| 4 |
Shopify
SHOP
|
+$70.6M |
| 5 |
Invesco Senior Loan ETF
BKLN
|
+$66.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$112M |
| 2 |
NVIDIA
NVDA
|
+$101M |
| 3 |
Zillow
ZG
|
+$101M |
| 4 |
Microsoft
MSFT
|
+$80.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1351
Urban Outfitters
URBN
$6.63B
| $1.83M | ﹤0.01% |
24,282
-4,552
| -16% | -$322K |
|
1352
Match Group
MTCH
$8.56B
| $1.82M | ﹤0.01% |
56,366
-45,013
| -44% | -$1.48M |
|
1353
Houlihan Lokey
HLI
$9.24B
| $1.82M | ﹤0.01% |
10,426
+5,320
| +104% | +$977K |
|
1354
Kulicke & Soffa
KLIC
$5.01B
| $1.81M | ﹤0.01% |
39,799
-7,495
| -16% | -$317K |
|
1355
Mineralys Therapeutics
MLYS
$2.31B
| $1.81M | ﹤0.01% |
49,941
+23,015
| +85% | +$923K |
|
1356
Otter Tail
OTTR
$3.87B
| $1.81M | ﹤0.01% |
22,401
-1,644
| -7% | -$133K |
|
1357
Jackson Financial
JXN
$9.1B
| $1.79M | ﹤0.01% |
16,800
+9,714
| +137% | +$966K |
|
|
FIG
1358
Figma
FIG
$14B
| $1.79M | ﹤0.01% |
+47,913
| New | +$2.17M |
|
1359
Tactile Systems Technology
TCMD
$537M
| $1.79M | ﹤0.01% |
61,657
-6,800
| -10% | -$151K |
|
1360
Insight Enterprises
NSIT
$4.6B
| $1.79M | ﹤0.01% |
21,931
+7,390
| +51% | +$693K |
|
1361
Avista
AVA
$3.23B
| $1.78M | ﹤0.01% |
46,195
-28,955
| -39% | -$1.13M |
|
1362
Alpha Metallurgical Resources
AMR
$1.97B
| $1.78M | ﹤0.01% |
8,902
-1,764
| -17% | -$305K |
|
1363
Mesa Laboratories
MLAB
$631M
| $1.77M | ﹤0.01% |
22,606
+4,200
| +23% | +$319K |
|
1364
V2X
VVX
$2.55B
| $1.77M | ﹤0.01% |
32,490
-493
| -1% | -$27.7K |
|
1365
Myriad Genetics
MYGN
$303M
| $1.77M | ﹤0.01% |
287,617
-11,217
| -4% | -$81.3K |
|
|
DX
1366
Dynex Capital
DX
$3.23B
| $1.76M | ﹤0.01% |
125,850
+249
| +0.2% | +$3.36K |
|
1367
Gentex
GNTX
$4.93B
| $1.75M | ﹤0.01% |
75,349
-63,680
| -46% | -$1.54M |
|
1368
Diodes
DIOD
$4.48B
| $1.75M | ﹤0.01% |
35,373
-3,898
| -10% | -$197K |
|
|
TTAN
1369
ServiceTitan Inc
TTAN
$8.94B
| $1.74M | ﹤0.01% |
+16,350
| New | +$1.6M |
|
1370
indie Semiconductor
INDI
$875M
| $1.73M | ﹤0.01% |
491,091
+7,573
| +2% | +$33.2K |
|
1371
Tecnoglass Holdings Inc.
TGLS
$1.86B
| $1.73M | ﹤0.01% |
34,375
-17,856
| -34% | -$975K |
|
1372
Daktronics
DAKT
$997M
| $1.72M | ﹤0.01% |
87,113
+11,282
| +15% | +$216K |
|
1373
American Eagle Outfitters
AEO
$2.73B
| $1.72M | ﹤0.01% |
65,281
-85,653
| -57% | -$1.69M |
|
1374
Bright Horizons
BFAM
$3.76B
| $1.71M | ﹤0.01% |
16,880
-3,841
| -19% | -$387K |
|
1375
PBF Energy
PBF
$8.81B
| $1.7M | ﹤0.01% |
62,581
+41,949
| +203% | +$1.34M |
|
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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.