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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 | |
|---|---|---|---|---|---|---|
|
LTC
1826
LTC Properties
LTC
$2.19B
| $482K | ﹤0.01% |
+13,088
| New | +$467K |
|
|
SEMR
1827
DELISTED
Semrush
SEMR
| $481K | ﹤0.01% |
67,962
-36,438
| -35% | -$297K |
|
1828
Driven Brands
DRVN
$2.12B
| $481K | ﹤0.01% |
29,845
+1,500
| +5% | +$26.1K |
|
1829
Nicolet Bankshares
NIC
$3.76B
| $481K | ﹤0.01% |
3,574
+549
| +18% | +$72.9K |
|
1830
Pure Cycle
PCYO
$272M
| $480K | ﹤0.01% |
43,400
-3,600
| -8% | -$37.6K |
|
1831
Praxis Precision Medicines
PRAX
$10.2B
| $479K | ﹤0.01% |
9,033
-5,726
| -39% | -$278K |
|
|
CDTX
1832
DELISTED
Cidara Therapeutics
CDTX
| $479K | ﹤0.01% |
+4,998
| New | +$319K |
|
1833
Middlesex Water
MSEX
$1.1B
| $477K | ﹤0.01% |
8,822
-653
| -7% | -$34.9K |
|
1834
Calumet Specialty Products
CLMT
$4.21B
| $477K | ﹤0.01% |
+26,119
| New | +$430K |
|
1835
Bumble
BMBL
$358M
| $475K | ﹤0.01% |
78,063
-111,117
| -59% | -$759K |
|
1836
First Financial Corp
THFF
$978M
| $475K | ﹤0.01% |
+8,422
| New | +$477K |
|
1837
Timken Company
TKR
$9.26B
| $475K | ﹤0.01% |
6,321
+66
| +1% | +$5.09K |
|
1838
Central Pacific Financial
CPF
$1B
| $473K | ﹤0.01% |
15,594
+300
| +2% | +$8.79K |
|
1839
QCR Holdings
QCRH
$1.74B
| $472K | ﹤0.01% |
6,246
-1,630
| -21% | -$123K |
|
1840
Materion
MTRN
$5.92B
| $470K | ﹤0.01% |
3,891
-1,317
| -25% | -$138K |
|
|
VSXY
1841
Victoria's Secret
VSXY
$7.14B
| $468K | ﹤0.01% |
17,253
-491
| -3% | -$11K |
|
1842
Methode Electronics
MEI
$611M
| $468K | ﹤0.01% |
62,000
-43,500
| -41% | -$324K |
|
1843
Talos Energy
TALO
$2.62B
| $467K | ﹤0.01% |
48,743
-1,639
| -3% | -$14.7K |
|
1844
Protolabs
PRLB
$2.19B
| $467K | ﹤0.01% |
+9,331
| New | +$428K |
|
1845
PrimeEnergy Resources
PNRG
$318M
| $465K | ﹤0.01% |
+2,784
| New | +$452K |
|
|
BCPC
1846
Balchem Corp
BCPC
$5.66B
| $465K | ﹤0.01% |
3,098
+26
| +0.8% | +$4.1K |
|
1847
SiriusXM
SIRI
$9.52B
| $463K | ﹤0.01% |
19,913
-49,669
| -71% | -$1.15M |
|
1848
International Money Express
IMXI
$432M
| $462K | ﹤0.01% |
33,069
-44,200
| -57% | -$548K |
|
1849
Monarch Casino & Resort
MCRI
$2.23B
| $459K | ﹤0.01% |
+4,341
| New | +$435K |
|
1850
Global Industrial
GIC
$1.48B
| $459K | ﹤0.01% |
+12,504
| New | +$420K |
|
Similar funds
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SCP
LP
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.