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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
+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 | |
|---|---|---|---|---|---|---|
1551
Werner Enterprises
WERN
$2.31B
| $959K | ﹤0.01% |
+35,040
| New | +$957K |
|
1552
Designer Brands
DBI
$311M
| $955K | ﹤0.01% |
401,100
+24,141
| +6% | +$72.9K |
|
|
PRO
1553
DELISTED
PROS Holdings
PRO
| $953K | ﹤0.01% |
60,887
+39,172
| +180% | +$667K |
|
|
SEMR
1554
DELISTED
Semrush
SEMR
| $945K | ﹤0.01% |
104,400
+71,198
| +214% | +$689K |
|
1555
Alignment Healthcare
ALHC
$2.8B
| $944K | ﹤0.01% |
67,401
+634
| +0.9% | +$10.2K |
|
|
GRAL
1556
GRAIL Inc
GRAL
$3.08B
| $938K | ﹤0.01% |
18,250
+225
| +1% | +$8.14K |
|
1557
Fluence Energy
FLNC
$2.44B
| $938K | ﹤0.01% |
139,750
+71,379
| +104% | +$340K |
|
1558
Minerals Technologies
MTX
$2.25B
| $935K | ﹤0.01% |
16,986
+6,578
| +63% | +$371K |
|
1559
Telefônica Brasil
VIV
$18.5B
| $932K | ﹤0.01% |
81,791
+17,784
| +28% | +$175K |
|
1560
Argan
AGX
$8.02B
| $928K | ﹤0.01% |
4,209
+2,052
| +95% | +$370K |
|
1561
MediaAlpha
MAX
$787M
| $928K | ﹤0.01% |
+84,739
| New | +$818K |
|
1562
Ingevity
NGVT
$2.62B
| $924K | ﹤0.01% |
21,447
-7,153
| -25% | -$276K |
|
1563
Houlihan Lokey
HLI
$9.24B
| $923K | ﹤0.01% |
5,129
-347
| -6% | -$58.3K |
|
|
SCS
1564
DELISTED
Steelcase
SCS
| $923K | ﹤0.01% |
88,490
+49,211
| +125% | +$507K |
|
1565
Latham Group
SWIM
$921M
| $921K | ﹤0.01% |
144,362
-1,696
| -1% | -$9.86K |
|
1566
Bankunited
BKU
$3.41B
| $920K | ﹤0.01% |
25,846
+40
| +0.2% | +$1.34K |
|
1567
Amdocs
DOX
$6.08B
| $917K | ﹤0.01% |
10,045
+1,524
| +18% | +$136K |
|
|
CHCT
1568
Community Healthcare Trust
CHCT
$430M
| $915K | ﹤0.01% |
55,036
-9,855
| -15% | -$163K |
|
1569
NETGEAR
NTGR
$658M
| $913K | ﹤0.01% |
31,396
-21,846
| -41% | -$587K |
|
1570
Array Technologies
ARRY
$796M
| $912K | ﹤0.01% |
154,584
+87,584
| +131% | +$532K |
|
1571
Vishay Intertechnology
VSH
$5.11B
| $912K | ﹤0.01% |
57,427
+45,568
| +384% | +$633K |
|
1572
Signet Jewelers
SIG
$3.59B
| $908K | ﹤0.01% |
11,410
-21,119
| -65% | -$1.4M |
|
1573
KRONOS Worldwide
KRO
$905M
| $902K | ﹤0.01% |
145,445
+66,098
| +83% | +$453K |
|
|
PDM
1574
Piedmont Realty Trust
PDM
$1.19B
| $900K | ﹤0.01% |
123,427
-17,884
| -13% | -$124K |
|
1575
Recursion Pharmaceuticals
RXRX
$1.78B
| $896K | ﹤0.01% |
177,009
+4,894
| +3% | +$24K |
|
Similar funds
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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.