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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
+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
Cap. Flow
-$1.49B
Cap. Flow %
-3.63%
Top 10 Hldgs %
27.58%
Holding
2,442
New
201
Increased
735
Reduced
1,331
Closed
129

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$390M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$107M
3
XHB icon
State Street SPDR S&P Homebuilders ETF
XHB
+$38M
4
COF icon
Capital One
COF
+$29.9M
5
LBRDA icon
Liberty Broadband Class A
LBRDA
+$28.6M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$398M
2
NVDA icon
NVIDIA
NVDA
+$120M
3
MSFT icon
Microsoft
MSFT
+$107M
4
AAPL icon
Apple
AAPL
+$94.7M
5
ZG icon
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
MCHB
1576
Mechanics Bancorp
MCHB
$3.8B
$895K ﹤0.01%
68,458
+1,177
+2% +$14.1K
SKY icon
1577
Champion Homes
SKY
$5.1B
$895K ﹤0.01%
14,289
+2,266
+19% +$176K
TDC icon
1578
Teradata
TDC
$2.49B
$889K ﹤0.01%
39,861
-5,494
-12% -$119K
CNXN icon
1579
PC Connection
CNXN
$2.03B
$889K ﹤0.01%
+13,518
New +$874K
DAWN
1580
DELISTED
Day One Biopharmaceuticals
DAWN
$886K ﹤0.01%
136,276
+53,018
+64% +$365K
AUR icon
1581
Aurora
AUR
$13.4B
$882K ﹤0.01%
168,247
-35,658
-17% -$224K
LGIH icon
1582
LGI Homes
LGIH
$1.32B
$879K ﹤0.01%
17,061
+10,212
+149% +$559K
AIV
1583
Aimco
AIV
$379M
$878K ﹤0.01%
101,504
-27,846
-22% -$225K
NWN icon
1584
Northwest Natural Holdings
NWN
$2.12B
$876K ﹤0.01%
22,062
-3,226
-13% -$134K
ICHR icon
1585
Ichor Holdings
ICHR
$2.59B
$875K ﹤0.01%
+44,565
New +$816K
HTH icon
1586
Hilltop Holdings
HTH
$2.25B
$871K ﹤0.01%
+28,708
New +$851K
PHAT icon
1587
Phathom Pharmaceuticals
PHAT
$742M
$871K ﹤0.01%
90,781
-8,995
-9% -$49.8K
NXDR
1588
Nextdoor Holdings
NXDR
$986M
$867K ﹤0.01%
522,298
-3,418
-0.7% -$5.16K
VLY icon
1589
Valley National Bancorp
VLY
$8.25B
$860K ﹤0.01%
96,278
-4,767
-5% -$41.4K
GOLD
1590
Gold.com Inc
GOLD
$1.3B
$853K ﹤0.01%
38,462
+18,266
+90% +$405K
MQ icon
1591
Marqeta
MQ
$1.63B
$853K ﹤0.01%
36,574
+8,427
+30% +$160K
RGNX icon
1592
Regenxbio
RGNX
$720M
$852K ﹤0.01%
103,803
-8,250
-7% -$69.1K
FLG
1593
Flagstar Bank National Association
FLG
$5.9B
$851K ﹤0.01%
80,246
+47,532
+145% +$543K
WRLD icon
1594
World Acceptance Corp
WRLD
$884M
$848K ﹤0.01%
5,138
+530
+12% +$75.6K
PMT
1595
PennyMac Mortgage Investment
PMT
$827M
$847K ﹤0.01%
+65,827
New +$839K
SILA
1596
DELISTED
Sila Realty Trust
SILA
$846K ﹤0.01%
35,750
-1,685
-5% -$42.5K
VC icon
1597
Visteon
VC
$2.84B
$845K ﹤0.01%
9,055
-3,533
-28% -$291K
SDGR icon
1598
Schrodinger
SDGR
$1.38B
$837K ﹤0.01%
41,609
-2,473
-6% -$56.5K
ELME
1599
Elme Communities
ELME
$144M
$834K ﹤0.01%
52,477
-10,485
-17% -$167K
PLUS icon
1600
ePlus
PLUS
$2.32B
$834K ﹤0.01%
+11,570
New +$761K
62 63
64
65 66

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RIM
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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.