We are live on ! Find out more
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
PATH icon
1376
UiPath
PATH
$8.64B
$1.69M ﹤0.01%
103,304
-15,846
-13% -$247K
GTX icon
1377
Garrett Motion
GTX
$5.35B
$1.69M ﹤0.01%
97,140
-39,042
-29% -$622K
NOMD icon
1378
Nomad Foods
NOMD
$1.68B
$1.69M ﹤0.01%
135,100
– –
AHCO icon
1379
AdaptHealth
AHCO
$760M
$1.69M ﹤0.01%
169,651
+97,439
+135% +$931K
CNR
1380
Core Natural Resources Inc
CNR
$4.71B
$1.68M ﹤0.01%
19,027
-4,885
-20% -$416K
TRIP icon
1381
TripAdvisor
TRIP
$1.26B
$1.68M ﹤0.01%
115,622
+366
+0.3% +$5.57K
SRRK icon
1382
Scholar Rock
SRRK
$6.46B
$1.68M ﹤0.01%
38,200
-28,153
-42% -$1.06M
APLS
1383
DELISTED
Apellis Pharmaceuticals
APLS
$1.68M ﹤0.01%
66,916
-18,845
-22% -$442K
FET icon
1384
Forum Energy Technologies
FET
$932M
$1.68M ﹤0.01%
45,448
+17,507
+63% +$543K
SPSC icon
1385
SPS Commerce
SPSC
$2.86B
$1.68M ﹤0.01%
18,838
-2,055
-10% -$191K
ELME
1386
Elme Communities
ELME
$144M
$1.68M ﹤0.01%
96,325
+36,657
+61% +$621K
LYFT icon
1387
Lyft
LYFT
$6.48B
$1.66M ﹤0.01%
85,861
-45,288
-35% -$941K
PBH icon
1388
Prestige Consumer Healthcare
PBH
$2.43B
$1.66M ﹤0.01%
26,956
-2,099
-7% -$128K
CAR icon
1389
Avis
CAR
$4.93B
$1.66M ﹤0.01%
12,953
-4,139
-24% -$577K
UCTT
1390
Ultra Clean Holdings
UCTT
$4.21B
$1.66M ﹤0.01%
65,419
-4,086
-6% -$109K
ASTH icon
1391
Astrana Health
ASTH
$1.78B
$1.66M ﹤0.01%
66,779
-4,970
-7% -$132K
DBX icon
1392
Dropbox
DBX
$7.31B
$1.64M ﹤0.01%
58,858
-69,821
-54% -$2.03M
MHO icon
1393
M/I Homes
MHO
$3.82B
$1.63M ﹤0.01%
12,767
+2,825
+28% +$373K
FYBR
1394
DELISTED
Frontier Communications
FYBR
$1.63M ﹤0.01%
42,788
-56,056
-57% -$2.12M
SMMT icon
1395
Summit Therapeutics
SMMT
$11.2B
$1.62M ﹤0.01%
92,882
+1,047
+1% +$19.7K
BEAM icon
1396
Beam Therapeutics
BEAM
$2.74B
$1.62M ﹤0.01%
58,526
+11,253
+24% +$287K
CCOI icon
1397
Cogent Communications
CCOI
$530M
$1.62M ﹤0.01%
75,154
-47,364
-39% -$1.4M
POWI icon
1398
Power Integrations
POWI
$3.57B
$1.62M ﹤0.01%
45,550
-7,983
-15% -$303K
AWR icon
1399
American States Water
AWR
$3.49B
$1.6M ﹤0.01%
22,128
-1,447
-6% -$107K
CPK icon
1400
Chesapeake Utilities
CPK
$3.25B
$1.6M ﹤0.01%
12,835
-1,052
-8% -$139K
54 55
56
57 58

Similar funds

TCI Fund Management
TCI Fund Management London, United Kingdom $45.2B AUM 12.74% 1-Year Est. Return
LP
LMR Partners London, United Kingdom $45.4B AUM 60.47% 1-Year Est. Return
Holocene Advisors
Holocene Advisors New York $41.5B AUM 42.97% 1-Year Est. Return
HF
HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return
Aristotle Capital Management
Aristotle Capital Management Los Angeles, California $47.8B AUM 13.38% 1-Year Est. Return
Fayez Sarofim & Co
Fayez Sarofim & Co Houston, Texas $39.1B AUM 15.14% 1-Year Est. Return
Parallax Volatility Advisers
Parallax Volatility Advisers San Francisco, California $38.6B AUM 45.89% 1-Year Est. Return
RIM
Rakuten Investment Management Tokyo, Japan $49.2B AUM

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.