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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 | |
|---|---|---|---|---|---|---|
1751
Kohl's
KSS
$2.22B
| $553K | ﹤0.01% |
36,006
+24,336
| +209% | +$324K |
|
1752
Flowers Foods
FLO
$1.59B
| $552K | ﹤0.01% |
42,302
+5,160
| +14% | +$78.2K |
|
1753
Tronox
TROX
$945M
| $551K | ﹤0.01% |
137,139
-517,150
| -79% | -$2.37M |
|
1754
UFP Industries
UFPI
$4.99B
| $551K | ﹤0.01% |
5,889
-71,441
| -92% | -$7.21M |
|
1755
Cadiz
CDZI
$291M
| $550K | ﹤0.01% |
116,574
-40,149
| -26% | -$140K |
|
1756
Carriage Services
CSV
$575M
| $549K | ﹤0.01% |
12,320
+1,300
| +12% | +$58.8K |
|
|
CVGW
1757
DELISTED
Calavo Growers
CVGW
| $546K | ﹤0.01% |
+21,200
| New | +$572K |
|
|
KE
1758
Kimball Electronics
KE
$622M
| $546K | ﹤0.01% |
18,270
+4,800
| +36% | +$118K |
|
1759
Stock Yards Bancorp
SYBT
$2.65B
| $544K | ﹤0.01% |
7,772
+1,012
| +15% | +$78.1K |
|
1760
Carter's
CRI
$1.42B
| $544K | ﹤0.01% |
+19,275
| New | +$553K |
|
|
MLNK
1761
DELISTED
MeridianLink
MLNK
| $542K | ﹤0.01% |
27,205
-838
| -3% | -$15.4K |
|
1762
Evolus
EOLS
$537M
| $541K | ﹤0.01% |
88,167
-60,195
| -41% | -$469K |
|
1763
St. Joe Company
JOE
$3.87B
| $541K | ﹤0.01% |
10,929
-10,107
| -48% | -$509K |
|
1764
Vital Farms
VITL
$468M
| $540K | ﹤0.01% |
13,128
+2,488
| +23% | +$108K |
|
|
MCHB
1765
Mechanics Bancorp
MCHB
$3.78B
| $539K | ﹤0.01% |
40,487
-27,971
| -41% | -$372K |
|
1766
ACV Auctions
ACVA
$1.35B
| $537K | ﹤0.01% |
54,205
+16,678
| +44% | +$214K |
|
1767
ARS Pharmaceuticals
SPRY
$552M
| $537K | ﹤0.01% |
53,402
+35,845
| +204% | +$514K |
|
1768
Rocky Brands
RCKY
$353M
| $536K | ﹤0.01% |
18,000
-5,700
| -24% | -$153K |
|
1769
Murphy Oil
MUR
$5B
| $536K | ﹤0.01% |
18,865
-38,349
| -67% | -$968K |
|
1770
Costamare
CMRE
$1.77B
| $533K | ﹤0.01% |
44,738
-26,300
| -37% | -$288K |
|
1771
Vitesse Energy
VTS
$684M
| $532K | ﹤0.01% |
+22,906
| New | +$563K |
|
1772
Customers Bancorp
CUBI
$2.83B
| $532K | ﹤0.01% |
+8,131
| New | +$535K |
|
1773
CG Oncology
CGON
$6.68B
| $531K | ﹤0.01% |
13,187
-443
| -3% | -$12.9K |
|
|
RYZ
1774
Ryerson Holding Corp
RYZ
$1.5B
| $528K | ﹤0.01% |
+23,107
| New | +$520K |
|
1775
Tidewater
TDW
$4.7B
| $528K | ﹤0.01% |
9,896
-13,415
| -58% | -$735K |
|
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.