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 | |
|---|---|---|---|---|---|---|
1451
STAAR Surgical
STAA
$1.26B
| $1.23M | ﹤0.01% |
73,376
+46,831
| +176% | +$826K |
|
1452
Vericel Corp
VCEL
$2.29B
| $1.23M | ﹤0.01% |
28,899
-11,216
| -28% | -$467K |
|
1453
First Advantage
FA
$3.81B
| $1.22M | ﹤0.01% |
73,722
+20,456
| +38% | +$330K |
|
1454
Mobileye
MBLY
$7.57B
| $1.21M | ﹤0.01% |
+67,511
| New | +$1.03M |
|
1455
ASML
ASML
$710B
| $1.2M | ﹤0.01% |
+1,500
| New | +$1.08M |
|
|
TBI
1456
Trueblue
TBI
$302M
| $1.2M | ﹤0.01% |
185,013
+11,049
| +6% | +$59.5K |
|
1457
Unity
U
$20.2B
| $1.2M | ﹤0.01% |
49,461
-49
| -0.1% | -$1.08K |
|
1458
Kirby Corp
KEX
$7.26B
| $1.19M | ﹤0.01% |
10,530
+138
| +1% | +$14.5K |
|
1459
Pinduoduo
PDD
$120B
| $1.19M | ﹤0.01% |
11,396
+353
| +3% | +$37K |
|
1460
WisdomTree
WT
$3.44B
| $1.19M | ﹤0.01% |
103,531
+34,639
| +50% | +$324K |
|
1461
IBEX
IBEX
$470M
| $1.19M | ﹤0.01% |
40,934
+19,000
| +87% | +$508K |
|
1462
Marriott Vacations Worldwide
VAC
$4.1B
| $1.19M | ﹤0.01% |
16,470
-2,887
| -15% | -$182K |
|
1463
Rigel Pharmaceuticals
RIGL
$762M
| $1.19M | ﹤0.01% |
63,458
-14,112
| -18% | -$268K |
|
1464
BigBear.ai
BBAI
$1.6B
| $1.19M | ﹤0.01% |
174,667
-17,409
| -9% | -$62.9K |
|
|
CIVI
1465
DELISTED
Civitas Resources
CIVI
| $1.18M | ﹤0.01% |
42,927
-124,247
| -74% | -$3.6M |
|
1466
Fabrinet
FN
$20.3B
| $1.18M | ﹤0.01% |
4,004
+243
| +6% | +$54.1K |
|
1467
Ocular Therapeutix
OCUL
$2.22B
| $1.18M | ﹤0.01% |
126,681
-72,349
| -36% | -$566K |
|
1468
QuidelOrtho
QDEL
$1.03B
| $1.17M | ﹤0.01% |
40,439
+795
| +2% | +$23.5K |
|
|
SLNO
1469
DELISTED
Soleno Therapeutics
SLNO
| $1.16M | ﹤0.01% |
13,893
-2,608
| -16% | -$195K |
|
1470
Jackson Financial
JXN
$8.85B
| $1.16M | ﹤0.01% |
13,106
+5,480
| +72% | +$444K |
|
1471
H.B. Fuller
FUL
$3.24B
| $1.16M | ﹤0.01% |
19,318
-3,387
| -15% | -$187K |
|
1472
Select Water Solutions
WTTR
$2.73B
| $1.16M | ﹤0.01% |
134,401
+65,692
| +96% | +$567K |
|
1473
Harley-Davidson
HOG
$2.7B
| $1.16M | ﹤0.01% |
49,077
-7,795
| -14% | -$185K |
|
1474
Bristow Group
VTOL
$1.36B
| $1.16M | ﹤0.01% |
35,124
+6,145
| +21% | +$185K |
|
1475
Radian Group
RDN
$4.87B
| $1.15M | ﹤0.01% |
32,022
-12,543
| -28% | -$419K |
|
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.