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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 | |
|---|---|---|---|---|---|---|
1701
Nelnet
NNI
$4.55B
| $614K | ﹤0.01% |
4,894
+1,312
| +37% | +$164K |
|
1702
Advanced Energy
AEIS
$13.2B
| $611K | ﹤0.01% |
3,590
+5
| +0.1% | +$753 |
|
1703
Teladoc Health
TDOC
$1.24B
| $610K | ﹤0.01% |
78,951
-35,717
| -31% | -$279K |
|
1704
HCI Group
HCI
$2.29B
| $608K | ﹤0.01% |
+3,169
| New | +$502K |
|
1705
Mine Safety
MSA
$7.3B
| $607K | ﹤0.01% |
3,527
+4
| +0.1% | +$691 |
|
1706
Starwood Property Trust
STWD
$6.04B
| $607K | ﹤0.01% |
31,327
+511
| +2% | +$10.3K |
|
1707
Rayonier Advanced Materials
RYAM
$567M
| $606K | ﹤0.01% |
83,984
-48,500
| -37% | -$250K |
|
1708
Axogen
AXGN
$2.61B
| $606K | ﹤0.01% |
33,978
-12,383
| -27% | -$180K |
|
1709
Stewart Information Services
STC
$2.08B
| $605K | ﹤0.01% |
8,245
-81
| -1% | -$5.57K |
|
1710
Bankwell Financial Group
BWFG
$544M
| $602K | ﹤0.01% |
+13,600
| New | +$558K |
|
1711
BancFirst
BANF
$3.87B
| $601K | ﹤0.01% |
4,750
+2,736
| +136% | +$353K |
|
1712
Gorman-Rupp
GRC
$2.13B
| $597K | ﹤0.01% |
12,865
+700
| +6% | +$29K |
|
1713
Edgewise Therapeutics
EWTX
$4.73B
| $594K | ﹤0.01% |
36,619
-17,400
| -32% | -$247K |
|
1714
Ranger Energy Services
RNGR
$409M
| $593K | ﹤0.01% |
42,221
+11,800
| +39% | +$155K |
|
1715
Appian
APPN
$2.57B
| $592K | ﹤0.01% |
19,371
-3,141
| -14% | -$94.4K |
|
|
SEE
1716
DELISTED
Sealed Air
SEE
| $591K | ﹤0.01% |
16,715
-8,026
| -32% | -$256K |
|
1717
AutoNation
AN
$6.9B
| $589K | ﹤0.01% |
2,693
-76
| -3% | -$16K |
|
|
CHCT
1718
Community Healthcare Trust
CHCT
$434M
| $587K | ﹤0.01% |
38,398
-16,638
| -30% | -$260K |
|
1719
Root
ROOT
$795M
| $585K | ﹤0.01% |
+6,536
| New | +$685K |
|
|
NIQ
1720
NIQ Global Intelligence PLC
NIQ
$5.13B
| $581K | ﹤0.01% |
+36,993
| New | +$644K |
|
1721
Solid Power
SLDP
$548M
| $581K | ﹤0.01% |
+167,324
| New | +$631K |
|
1722
Ryan Specialty Holdings
RYAN
$10.7B
| $580K | ﹤0.01% |
10,296
+62
| +0.6% | +$3.67K |
|
1723
Riley Exploration Permian
REPX
$804M
| $579K | ﹤0.01% |
21,371
+8,300
| +63% | +$227K |
|
|
CSGS
1724
DELISTED
CSG Systems International
CSGS
| $579K | ﹤0.01% |
8,989
+778
| +9% | +$49.6K |
|
1725
Novavax
NVAX
$1.31B
| $577K | ﹤0.01% |
66,532
| – | – |
|
Similar funds
RIM
SCP
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.