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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 | |
|---|---|---|---|---|---|---|
1901
DXP Enterprises
DXPE
$3.01B
| $400K | ﹤0.01% |
3,359
+922
| +38% | +$103K |
|
|
JBGS
1902
JBG SMITH
JBGS
$695M
| $400K | ﹤0.01% |
+17,969
| New | +$370K |
|
|
MRP
1903
Millrose Properties Inc
MRP
$5.06B
| $400K | ﹤0.01% |
11,893
+256
| +2% | +$8.27K |
|
1904
CleanSpark
CLSK
$2.99B
| $399K | ﹤0.01% |
27,538
-428
| -2% | -$4.83K |
|
|
SFBS
1905
ServisFirst Bancshares
SFBS
$5.01B
| $399K | ﹤0.01% |
4,953
+49
| +1% | +$4.06K |
|
1906
Red Violet
RDVT
$1.11B
| $399K | ﹤0.01% |
7,628
+1,800
| +31% | +$85.3K |
|
|
ECG
1907
Everus Construction Group
ECG
$7.2B
| $397K | ﹤0.01% |
4,633
+32
| +0.7% | +$2.38K |
|
|
JAMF
1908
DELISTED
Jamf
JAMF
| $397K | ﹤0.01% |
37,106
-66,790
| -64% | -$605K |
|
|
NTST
1909
NETSTREIT Corp
NTST
$2.12B
| $396K | ﹤0.01% |
+21,922
| New | +$396K |
|
1910
ARKO Corp
ARKO
$537M
| $395K | ﹤0.01% |
86,364
-14,702
| -15% | -$69.4K |
|
|
SAFE
1911
Safehold
SAFE
$1.09B
| $394K | ﹤0.01% |
25,452
-20,500
| -45% | -$317K |
|
|
LADR
1912
Ladder Capital
LADR
$1.28B
| $394K | ﹤0.01% |
36,086
-53,595
| -60% | -$603K |
|
1913
Bank7 Corp
BSVN
$500M
| $393K | ﹤0.01% |
8,500
+3,600
| +73% | +$168K |
|
1914
First Financial Bankshares
FFIN
$5.07B
| $392K | ﹤0.01% |
11,662
+163
| +1% | +$5.86K |
|
1915
MSC Industrial Direct
MSM
$6.84B
| $392K | ﹤0.01% |
4,251
+90
| +2% | +$8.03K |
|
1916
Rayonier
RYN
$6.51B
| $390K | ﹤0.01% |
15,418
-1,992
| -11% | -$47.8K |
|
|
CSW
1917
CSW Industrials
CSW
$5.63B
| $389K | ﹤0.01% |
1,602
+20
| +1% | +$5.37K |
|
1918
SiriusPoint
SPNT
$2.72B
| $385K | ﹤0.01% |
+21,280
| New | +$398K |
|
1919
Franklin Covey
FC
$225M
| $383K | ﹤0.01% |
+19,750
| New | +$391K |
|
1920
Alight
ALIT
$380M
| $382K | ﹤0.01% |
5,857
+1,248
| +27% | +$110K |
|
1921
Greenlight Captial
GLRE
$515M
| $381K | ﹤0.01% |
29,981
-12,900
| -30% | -$168K |
|
1922
American Superconductor
AMSC
$1.55B
| $380K | ﹤0.01% |
+6,404
| New | +$320K |
|
1923
Artivion
AORT
$1.4B
| $379K | ﹤0.01% |
+8,962
| New | +$338K |
|
1924
Simply Good Foods
SMPL
$1B
| $379K | ﹤0.01% |
15,256
+6,123
| +67% | +$181K |
|
|
WBI
1925
WaterBridge Infrastructure LLC
WBI
$1.48B
| $378K | ﹤0.01% |
+15,000
| New | +$352K |
|
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.