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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 | |
|---|---|---|---|---|---|---|
1951
Franklin Electric
FELE
$4.66B
| $355K | ﹤0.01% |
3,729
+89
| +2% | +$8.42K |
|
1952
MediaAlpha
MAX
$829M
| $355K | ﹤0.01% |
31,191
-53,548
| -63% | -$591K |
|
1953
First Advantage
FA
$3.73B
| $354K | ﹤0.01% |
23,021
-50,701
| -69% | -$840K |
|
1954
Malibu Boats
MBUU
$571M
| $353K | ﹤0.01% |
10,884
+650
| +6% | +$22.2K |
|
1955
Keros Therapeutics
KROS
$203M
| $352K | ﹤0.01% |
22,224
-49,700
| -69% | -$734K |
|
1956
MeiraGTx Holdings
MGTX
$1.22B
| $351K | ﹤0.01% |
42,645
+15,800
| +59% | +$125K |
|
1957
Hawkins
HWKN
$2.73B
| $351K | ﹤0.01% |
1,919
+51
| +3% | +$8.52K |
|
1958
Foghorn Therapeutics
FHTX
$371M
| $350K | ﹤0.01% |
71,644
+10,100
| +16% | +$53.6K |
|
|
RPC
1959
Ridgepost Capital
RPC
$969M
| $350K | ﹤0.01% |
32,185
+21,840
| +211% | +$260K |
|
1960
Integer Holdings
ITGR
$4.26B
| $350K | ﹤0.01% |
3,386
+206
| +6% | +$22.4K |
|
1961
Marriott Vacations Worldwide
VAC
$4.21B
| $349K | ﹤0.01% |
5,245
-11,225
| -68% | -$865K |
|
1962
Crawford & Co Class A
CRD.A
$612M
| $349K | ﹤0.01% |
32,623
+6,800
| +26% | +$71.6K |
|
1963
Kadant
KAI
$3.94B
| $349K | ﹤0.01% |
1,172
-1
| -0.1% | -$326 |
|
1964
Madison Square Garden
MSGE
$4.07B
| $349K | ﹤0.01% |
7,704
-4,358
| -36% | -$177K |
|
1965
Exponent
EXPO
$3.21B
| $348K | ﹤0.01% |
5,002
-84
| -2% | -$6K |
|
1966
Precigen
PGEN
$2.27B
| $347K | ﹤0.01% |
+105,600
| New | +$298K |
|
1967
Novanta
NOVT
$6.36B
| $347K | ﹤0.01% |
3,464
-2,940
| -46% | -$350K |
|
1968
El Pollo Loco
LOCO
$470M
| $346K | ﹤0.01% |
35,663
-31,100
| -47% | -$326K |
|
1969
Crane NXT
CXT
$2.97B
| $345K | ﹤0.01% |
5,140
-918
| -15% | -$54.7K |
|
1970
Transmedics
TMDX
$3.06B
| $344K | ﹤0.01% |
3,070
+29
| +1% | +$3.4K |
|
|
TERN
1971
DELISTED
Terns Pharmaceuticals
TERN
| $342K | ﹤0.01% |
+45,482
| New | +$290K |
|
1972
N-able
NABL
$669M
| $340K | ﹤0.01% |
43,637
-92,100
| -68% | -$738K |
|
1973
Brady Corp
BRC
$4.39B
| $338K | ﹤0.01% |
4,333
-67
| -2% | -$4.95K |
|
1974
CVR Energy
CVI
$3.58B
| $336K | ﹤0.01% |
+9,220
| New | +$276K |
|
1975
Evolv Technologies
EVLV
$1.03B
| $336K | ﹤0.01% |
44,513
-11,651
| -21% | -$85K |
|
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.