We are live on ! Find out more
State of Wisconsin Investment Board

State of Wisconsin Investment Board Portfolio holdings

AUM $43.7B
1-Year Est. Return 27.76%
This Fund
S&P 500
This Quarter Est. Return
+9.63%
1 Year Est. Return
+27.76%
3 Year Est. Return
+95.56%
5 Year Est. Return
+123.77%
10 Year Est. Return
+486.44%
AUM
$43.6B
AUM Growth
+$2.64B
Cap. Flow
-$296M
Cap. Flow %
-0.68%
Top 10 Hldgs %
29.38%
Holding
2,561
New
248
Increased
889
Reduced
1,164
Closed
195

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$108M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$88M
3
ZG icon
Zillow
ZG
+$57.7M
4
BEP icon
Brookfield Renewable
BEP
+$55M
5
FOX icon
Fox Class B
FOX
+$45.1M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$53.8M
2
NVDA icon
NVIDIA
NVDA
+$52.1M
3
HES
Hess
HES
+$43.8M
4
MSFT icon
Microsoft
MSFT
+$41.6M
5
XHB icon
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
HCA icon
176
HCA Healthcare
HCA
$88.3B
$40.4M 0.09%
94,895
-13,920
-13% -$5.4M
ITW icon
177
Illinois Tool Works
ITW
$82.3B
$40.4M 0.09%
154,992
-2,907
-2% -$757K
JCI icon
178
Johnson Controls International
JCI
$92B
$40.2M 0.09%
365,172
-8,128
-2% -$869K
TDG icon
179
TransDigm Group
TDG
$68.1B
$40.1M 0.09%
30,404
-869
-3% -$1.24M
SPOT icon
180
Spotify
SPOT
$102B
$39.9M 0.09%
57,187
-2,113
-4% -$1.48M
CTAS icon
181
Cintas
CTAS
$80.6B
$39.2M 0.09%
191,206
-2,977
-2% -$636K
AON icon
182
Aon
AON
$74.3B
$39M 0.09%
109,443
+3,737
+4% +$1.35M
VLO icon
183
Valero Energy
VLO
$96.4B
$38.9M 0.09%
228,754
+12,467
+6% +$1.86M
ZTS icon
184
Zoetis
ZTS
$30.6B
$38.9M 0.09%
266,035
-22,762
-8% -$3.44M
EMR icon
185
Emerson Electric
EMR
$89.3B
$38.8M 0.09%
295,909
-5,224
-2% -$712K
FISV
186
Fiserv Inc
FISV
$28B
$38.8M 0.09%
300,962
-7,138
-2% -$1.02M
VST icon
187
Vistra
VST
$49B
$38.7M 0.09%
197,531
+15,822
+9% +$3.13M
MRVL icon
188
Marvell Technology
MRVL
$206B
$38.1M 0.09%
453,453
-8,810
-2% -$648K
MPC icon
189
Marathon Petroleum
MPC
$98.6B
$37.9M 0.09%
196,661
-4,646
-2% -$817K
AZO icon
190
AutoZone
AZO
$49.6B
$37.7M 0.09%
8,793
-889
-9% -$3.57M
SNOW icon
191
Snowflake
SNOW
$116B
$37.6M 0.09%
166,860
-2,531
-1% -$543K
TRV icon
192
Travelers Companies
TRV
$77B
$37.4M 0.09%
133,831
-26,042
-16% -$6.97M
CSX icon
193
CSX Corp
CSX
$93.4B
$36.8M 0.08%
1,036,124
-170,815
-14% -$5.83M
ECL icon
194
Ecolab
ECL
$77.1B
$36.8M 0.08%
134,328
-1,957
-1% -$532K
TFC icon
195
Truist Financial
TFC
$64.6B
$36.5M 0.08%
797,938
+21,153
+3% +$954K
COIN icon
196
Coinbase
COIN
$39.1B
$36.1M 0.08%
106,842
+222
+0.2% +$75.3K
BAB icon
197
Invesco Taxable Municipal Bond ETF
BAB
$1.01B
$36M 0.08%
1,318,800
– –
GLW icon
198
Corning
GLW
$143B
$35.8M 0.08%
436,992
-101,185
-19% -$6.61M
NSC icon
199
Norfolk Southern
NSC
$76.1B
$35.6M 0.08%
118,563
-2,226
-2% -$618K
KDP icon
200
Keurig Dr Pepper
KDP
$41.9B
$35.3M 0.08%
1,384,742
+336,723
+32% +$10.6M
6 7
8
9 10

Similar funds

WCM Investment Management
WCM Investment Management Laguna Beach, California $43.8B AUM 42.28% 1-Year Est. Return
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $43.4B AUM 51.29% 1-Year Est. Return
PEAK6
PEAK6 Chicago, Illinois $42.6B AUM 66.24% 1-Year Est. Return
TCI Fund Management
TCI Fund Management London, United Kingdom $45.2B AUM 12.74% 1-Year Est. Return
LP
LMR Partners London, United Kingdom $45.4B AUM 60.47% 1-Year Est. Return
Holocene Advisors
Holocene Advisors New York $41.5B AUM 42.97% 1-Year Est. Return
Newport Trust Company
Newport Trust Company Washington, District of Columbia $40.7B AUM 24.62% 1-Year Est. Return
HF
HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return

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.