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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 | |
|---|---|---|---|---|---|---|
|
SKX
1626
DELISTED
Skechers
SKX
| $785K | ﹤0.01% |
12,448
-86,191
| -87% | -$4.95M |
|
1627
Kennametal
KMT
$2.32B
| $785K | ﹤0.01% |
34,177
-976
| -3% | -$20.3K |
|
1628
ICF International
ICFI
$1.6B
| $784K | ﹤0.01% |
+9,255
| New | +$784K |
|
1629
Broadstone Net Lease
BNL
$4.35B
| $782K | ﹤0.01% |
48,693
+16,001
| +49% | +$256K |
|
1630
International Money Express
IMXI
$353M
| $780K | ﹤0.01% |
77,269
+21,533
| +39% | +$246K |
|
1631
The GEO Group
GEO
$4B
| $777K | ﹤0.01% |
32,454
-36,664
| -53% | -$1M |
|
1632
PubMatic
PUBM
$787M
| $773K | ﹤0.01% |
+62,165
| New | +$655K |
|
1633
Intuitive Machines
LUNR
$2.82B
| $770K | ﹤0.01% |
70,805
-42,304
| -37% | -$414K |
|
1634
Xponential Fitness
XPOF
$206M
| $769K | ﹤0.01% |
102,703
+14,000
| +16% | +$116K |
|
|
SEE
1635
DELISTED
Sealed Air
SEE
| $768K | ﹤0.01% |
24,741
-15,680
| -39% | -$466K |
|
1636
Citi Trends
CTRN
$621M
| $767K | ﹤0.01% |
22,963
-3,853
| -14% | -$98.1K |
|
1637
Worthington Enterprises
WOR
$2.85B
| $763K | ﹤0.01% |
11,995
+519
| +5% | +$28.8K |
|
1638
Commerce Bancshares
CBSH
$8.61B
| $758K | ﹤0.01% |
12,802
-538
| -4% | -$31.6K |
|
|
CALY
1639
Callaway Golf Company
CALY
$2.95B
| $757K | ﹤0.01% |
94,015
+31,683
| +51% | +$218K |
|
1640
Ambarella
AMBA
$3.6B
| $756K | ﹤0.01% |
11,437
+7,281
| +175% | +$386K |
|
1641
Dyne Therapeutics
DYN
$4.85B
| $755K | ﹤0.01% |
79,354
+10,724
| +16% | +$118K |
|
1642
NMI Holdings
NMIH
$3.42B
| $750K | ﹤0.01% |
17,768
+10,001
| +129% | +$376K |
|
1643
Centrus Energy
LEU
$3.83B
| $749K | ﹤0.01% |
4,087
-2,262
| -36% | -$241K |
|
1644
Dentsply Sirona
XRAY
$2.31B
| $747K | ﹤0.01% |
47,043
-8,930
| -16% | -$134K |
|
1645
Century Communities
CCS
$2.04B
| $747K | ﹤0.01% |
13,259
+2,101
| +19% | +$118K |
|
1646
Genco Shipping & Trading
GNK
$1.13B
| $741K | ﹤0.01% |
+56,703
| New | +$750K |
|
1647
EyePoint Inc
EYPT
$1.16B
| $740K | ﹤0.01% |
78,647
+56,724
| +259% | +$392K |
|
1648
Cullen/Frost Bankers
CFR
$10.5B
| $740K | ﹤0.01% |
5,756
-695
| -11% | -$85K |
|
|
TBCH
1649
Turtle Beach Corp
TBCH
$230M
| $738K | ﹤0.01% |
53,376
+33,800
| +173% | +$403K |
|
1650
1-800-Flowers.com
FLWS
$261M
| $737K | ﹤0.01% |
149,807
+11,126
| +8% | +$57.6K |
|
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.