We are live on ! Find out more
State of Wisconsin Investment Board

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
Cap. Flow
-$296M
Cap. Flow %
-0.68%
Top 10 Hldgs %
29.38%
Holding
2,561
New
248
Increased
889
Reduced
1,164
Closed
195

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$108M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$88M
3
ZG icon
Zillow
ZG
+$57.7M
4
BEP icon
Brookfield Renewable
BEP
+$55M
5
FOX icon
Fox Class B
FOX
+$45.1M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$53.8M
2
NVDA icon
NVIDIA
NVDA
+$52.1M
3
HES
Hess
HES
+$43.8M
4
MSFT icon
Microsoft
MSFT
+$41.6M
5
XHB icon
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
KEX icon
1526
Kirby Corp
KEX
$7.3B
$1.02M ﹤0.01%
12,223
+1,693
+16% +$170K
PEB icon
1527
Pebblebrook Hotel Trust
PEB
$2.07B
$1.02M ﹤0.01%
89,234
-155,339
-64% -$1.67M
MBLY icon
1528
Mobileye
MBLY
$7.6B
$1.01M ﹤0.01%
71,527
+4,016
+6% +$59.7K
ELME
1529
Elme Communities
ELME
$144M
$1.01M ﹤0.01%
59,668
+7,191
+14% +$119K
AMRX icon
1530
Amneal Pharmaceuticals
AMRX
$6.18B
$1M ﹤0.01%
100,116
+23,067
+30% +$207K
CNXN icon
1531
PC Connection
CNXN
$2.06B
$1M ﹤0.01%
16,139
+2,621
+19% +$167K
MAGN
1532
Magnera Corp
MAGN
$437M
$996K ﹤0.01%
84,987
+49,505
+140% +$615K
HNRG icon
1533
Hallador Energy
HNRG
$763M
$993K ﹤0.01%
50,728
+6,900
+16% +$119K
SPLB icon
1534
State Street SPDR Portfolio Long Term Corporate Bond ETF
SPLB
$1.18B
$992K ﹤0.01%
42,920
– –
NPKI
1535
NPK International
NPKI
$1.21B
$991K ﹤0.01%
87,616
+46,606
+114% +$454K
BKU icon
1536
Bankunited
BKU
$3.43B
$990K ﹤0.01%
25,956
+110
+0.4% +$4.17K
GPGI
1537
GPGI Inc
GPGI
$3.67B
$990K ﹤0.01%
47,538
-21,248
-31% -$368K
PDM
1538
Piedmont Realty Trust
PDM
$1.19B
$988K ﹤0.01%
109,780
-13,647
-11% -$110K
NWN icon
1539
Northwest Natural Holdings
NWN
$2.14B
$985K ﹤0.01%
21,919
-143
-0.6% -$5.93K
SEZL
1540
Sezzle
SEZL
$4.48B
$984K ﹤0.01%
12,375
+3,803
+44% +$437K
LLYVA icon
1541
Liberty Live Group Series A
LLYVA
$9.72B
$982K ﹤0.01%
+10,417
New +$917K
GLDD
1542
DELISTED
Great Lakes Dredge & Dock
GLDD
$981K ﹤0.01%
81,844
+2,500
+3% +$29K
NVST icon
1543
Envista
NVST
$4.54B
$980K ﹤0.01%
48,122
-23,202
-33% -$477K
ELVN icon
1544
Enliven Therapeutics
ELVN
$4.3B
$976K ﹤0.01%
47,672
-9,110
-16% -$184K
DNOW icon
1545
DNOW Inc
DNOW
$2.98B
$973K ﹤0.01%
63,835
-939
-1% -$14.2K
RNST icon
1546
Renasant Corp
RNST
$3.98B
$972K ﹤0.01%
26,345
+17,467
+197% +$661K
NN icon
1547
NextNav
NN
$3.3B
$967K ﹤0.01%
67,605
+49,970
+283% +$789K
ZYME icon
1548
Zymeworks
ZYME
$1.77B
$961K ﹤0.01%
56,274
+34,239
+155% +$490K
RDN icon
1549
Radian Group
RDN
$4.95B
$961K ﹤0.01%
26,529
-5,493
-17% -$191K
FRSH icon
1550
Freshworks
FRSH
$3.46B
$958K ﹤0.01%
81,428
+4,146
+5% +$55.8K
60 61
62
63 64

Similar funds

RIM
Rakuten Investment Management Tokyo, Japan $49.2B AUM
SCP
Soroban Capital Partners New York $51.8B AUM 21.41% 1-Year Est. Return
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans Minneapolis, Minnesota $52.5B AUM 27.12% 1-Year Est. Return
Betterment LLC
Betterment LLC New York $52.8B AUM 15.34% 1-Year Est. Return
LP
LMR Partners London, United Kingdom $45.4B AUM 60.47% 1-Year Est. Return
Tudor Investment Corp
Tudor Investment Corp Stamford, Connecticut $53.9B AUM 29.12% 1-Year Est. Return
Man Group
Man Group London, United Kingdom $55.1B AUM 24.23% 1-Year Est. Return
Capstone Investment Advisors
Capstone Investment Advisors New York $57.4B AUM 26.91% 1-Year Est. Return

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.