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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 | |
|---|---|---|---|---|---|---|
1851
Telos
TLS
$337M
| $457K | ﹤0.01% |
+66,800
| New | +$319K |
|
1852
Pagaya Technologies
PGY
$1.8B
| $456K | ﹤0.01% |
+15,343
| New | +$496K |
|
1853
Distribution Solutions Group
DSGR
$1.61B
| $455K | ﹤0.01% |
15,126
-1,200
| -7% | -$36.6K |
|
1854
TETRA Technologies
TTI
$1.25B
| $454K | ﹤0.01% |
+79,000
| New | +$337K |
|
1855
Interface
TILE
$2.21B
| $453K | ﹤0.01% |
15,664
+875
| +6% | +$22.1K |
|
1856
Ameris Bancorp
ABCB
$6.02B
| $451K | ﹤0.01% |
6,158
+23
| +0.4% | +$1.62K |
|
|
SAIL
1857
SailPoint Inc
SAIL
$11.1B
| $451K | ﹤0.01% |
20,427
| – | – |
|
1858
Planet Labs
PL
$8.7B
| $451K | ﹤0.01% |
34,725
+13,441
| +63% | +$104K |
|
|
FLG
1859
Flagstar Bank National Association
FLG
$5.92B
| $447K | ﹤0.01% |
38,703
-41,543
| -52% | -$494K |
|
1860
Vertex
VERX
$2.1B
| $444K | ﹤0.01% |
17,928
+820
| +5% | +$23.8K |
|
|
CWEN.A
1861
DELISTED
Clearway Energy Class A
CWEN.A
| $444K | ﹤0.01% |
16,482
-252,086
| -94% | -$7.21M |
|
1862
Navient
NAVI
$847M
| $443K | ﹤0.01% |
33,688
-90,808
| -73% | -$1.23M |
|
1863
Anika Therapeutics
ANIK
$289M
| $442K | ﹤0.01% |
47,016
+14,589
| +45% | +$139K |
|
1864
Douglas Emmett
DEI
$1.97B
| $441K | ﹤0.01% |
28,317
+12,576
| +80% | +$197K |
|
1865
WesBanco
WSBC
$4.1B
| $438K | ﹤0.01% |
13,702
-2,725
| -17% | -$86.9K |
|
1866
Walker & Dunlop
WD
$1.47B
| $437K | ﹤0.01% |
5,231
-16,605
| -76% | -$1.34M |
|
|
SPR
1867
DELISTED
Spirit AeroSystems
SPR
| $435K | ﹤0.01% |
11,267
+136
| +1% | +$5.44K |
|
1868
Wave Life Sciences
WVE
$1.04B
| $433K | ﹤0.01% |
59,131
+13,673
| +30% | +$111K |
|
1869
Genesco
GCO
$390M
| $432K | ﹤0.01% |
+14,911
| New | +$410K |
|
1870
Lindblad Expeditions
LIND
$2.24B
| $427K | ﹤0.01% |
33,387
+8,230
| +33% | +$108K |
|
1871
Motorcar Parts of America
MPAA
$235M
| $427K | ﹤0.01% |
+25,800
| New | +$351K |
|
1872
LegalZoom.com
LZ
$993M
| $427K | ﹤0.01% |
41,102
+30,470
| +287% | +$304K |
|
1873
Business First Bancshares
BFST
$1.04B
| $425K | ﹤0.01% |
18,005
-10,800
| -37% | -$267K |
|
1874
Relay Therapeutics
RLAY
$4.31B
| $425K | ﹤0.01% |
+81,384
| New | +$310K |
|
1875
Bridgewater Bancshares
BWB
$622M
| $424K | ﹤0.01% |
24,100
+12,100
| +101% | +$198K |
|
Similar funds
RIM
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.