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State of Wisconsin Investment Board Portfolio holdings
AUM
$49.6B
1-Year Est. Return
39.59%
This Fund
S&P 500
This Quarter
Est. Return
+9.63%
1 Year Est. Return
+39.59%
3 Year Est. Return
+122.45%
5 Year Est. Return
+154.82%
10 Year Est. Return
+603.46%
AUM
$43.6B
AUM Growth
+$2.64B
(+6.5%)
Cap. Flow
-$296M
Cap. Flow
% of AUM
-0.68%
Top 10 Holdings %
Top 10 Hldgs %
29.38%
Holding
2,561
New
248
Increased
889
Reduced
1,164
Closed
195
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$108M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$88M |
| 3 |
Zillow
ZG
|
+$57.7M |
| 4 |
Brookfield Renewable
BEP
|
+$55M |
| 5 |
Fox Class B
FOX
|
+$45.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$53.8M |
| 2 |
NVIDIA
NVDA
|
+$52.1M |
| 3 |
HES
Hess
HES
|
+$43.8M |
| 4 |
Microsoft
MSFT
|
+$41.6M |
| 5 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$39.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.91% |
| 2 | Financials | 12.67% |
| 3 | Communication Services | 10.52% |
| 4 | Consumer Discretionary | 9.45% |
| 5 | Industrials | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
Seadrill
SDRL
$2.99B
| $1.21M | ﹤0.01% |
39,910
-19,195
| -32% | -$585K |
|
1452
Dolby
DLB
$5.82B
| $1.2M | ﹤0.01% |
16,643
-1,320
| -7% | -$97.1K |
|
1453
Applied Optoelectronics
AAOI
$12.7B
| $1.2M | ﹤0.01% |
+46,173
| New | +$1.18M |
|
1454
Robert Half
RHI
$4.41B
| $1.2M | ﹤0.01% |
35,221
-1,212
| -3% | -$45.5K |
|
1455
Sable Offshore Corp
SOC
$808M
| $1.19M | ﹤0.01% |
68,380
+10,768
| +19% | +$276K |
|
1456
Kodiak Gas Services
KGS
$6.53B
| $1.19M | ﹤0.01% |
+32,205
| New | +$1.09M |
|
1457
Red Rock Resorts
RRR
$3.77B
| $1.19M | ﹤0.01% |
19,490
+14,390
| +282% | +$847K |
|
1458
Sotera Health
SHC
$5.38B
| $1.19M | ﹤0.01% |
75,356
+20,852
| +38% | +$293K |
|
1459
Allegiant Air
ALGT
$2.32B
| $1.18M | ﹤0.01% |
19,477
+8,859
| +83% | +$508K |
|
1460
WisdomTree
WT
$3.45B
| $1.18M | ﹤0.01% |
85,032
-18,499
| -18% | -$247K |
|
1461
MiMedx Group
MDXG
$611M
| $1.18M | ﹤0.01% |
169,319
-516
| -0.3% | -$3.59K |
|
|
NUTX
1462
Nutex Health
NUTX
$1.33B
| $1.18M | ﹤0.01% |
+11,438
| New | +$1.12M |
|
1463
Vornado Realty Trust
VNO
$7.29B
| $1.18M | ﹤0.01% |
29,120
-13,970
| -32% | -$544K |
|
|
RC
1464
Ready Capital
RC
$302M
| $1.18M | ﹤0.01% |
304,711
-14,973
| -5% | -$63.2K |
|
1465
Pricesmart
PSMT
$5.51B
| $1.18M | ﹤0.01% |
9,719
+87
| +0.9% | +$9.62K |
|
1466
Cytek Biosciences
CTKB
$611M
| $1.17M | ﹤0.01% |
338,218
+21,542
| +7% | +$80.9K |
|
1467
Cipher Digital
CIFR
$6.93B
| $1.17M | ﹤0.01% |
92,702
+67,061
| +262% | +$506K |
|
1468
Denali Therapeutics
DNLI
$3.9B
| $1.16M | ﹤0.01% |
80,126
+499
| +0.6% | +$7.17K |
|
1469
Willdan Group
WLDN
$1.31B
| $1.16M | ﹤0.01% |
11,987
+4,032
| +51% | +$382K |
|
1470
Atlanticus Holdings
ATLC
$1.51B
| $1.16M | ﹤0.01% |
19,778
-5,584
| -22% | -$337K |
|
1471
Celldex Therapeutics
CLDX
$3.23B
| $1.16M | ﹤0.01% |
44,759
-39,967
| -47% | -$926K |
|
1472
iShares Latin America 40 ETF
ILF
$3.7B
| $1.16M | ﹤0.01% |
+40,000
| New | +$1.06M |
|
1473
Vita Coco
COCO
$3.8B
| $1.15M | ﹤0.01% |
27,113
+14,558
| +116% | +$540K |
|
1474
Bristow Group
VTOL
$1.38B
| $1.15M | ﹤0.01% |
31,824
-3,300
| -9% | -$121K |
|
1475
Beam Therapeutics
BEAM
$2.72B
| $1.15M | ﹤0.01% |
47,273
+1
| +0% | +$20 |
|
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SCP
LP
State of Wisconsin Investment Board's Q3 2025 Portfolio in Review
As of Q3 2025, State of Wisconsin Investment Board held 2,561 positions worth $43.6B, up 6.5% from $41B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
State of Wisconsin Investment Board's Q3 2025 filing shows 248 new, 889 increased, 1,164 reduced and 195 closed positions. Its largest new stake was Brookfield Renewable: 2,134,542 shares worth $55M. The largest sale was Apple, an estimated $53.8M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Financials and Communication Services.
- State of Wisconsin Investment Board's largest Q3 2025 buy was Brookfield Renewable: 2,134,542 shares worth $55M.
- State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q3 2025, an estimated $108M increase.
- State of Wisconsin Investment Board's biggest Q3 2025 reduction was Apple, cutting an estimated $53.8M.
- State of Wisconsin Investment Board fully exited Hess in Q3 2025, selling an estimated $43.8M.
- State of Wisconsin Investment Board's ten largest holdings make up 29% of its $43.6B portfolio in Q3 2025.
- State of Wisconsin Investment Board opened 248 new positions and closed 195 in Q3 2025.
- State of Wisconsin Investment Board's portfolio value rose 6.5% quarter-over-quarter to $43.6B.
Based on State of Wisconsin Investment Board's 13F filing for Q3 2025, filed 14 Nov 2025.