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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
+13.3%
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
$41B
AUM Growth
+$2.26B
Cap. Flow
-$1.49B
Cap. Flow %
-3.63%
Top 10 Hldgs %
27.58%
Holding
2,442
New
201
Increased
735
Reduced
1,331
Closed
129

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$390M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$107M
3
XHB icon
State Street SPDR S&P Homebuilders ETF
XHB
+$38M
4
COF icon
Capital One
COF
+$29.9M
5
LBRDA icon
Liberty Broadband Class A
LBRDA
+$28.6M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$398M
2
NVDA icon
NVIDIA
NVDA
+$120M
3
MSFT icon
Microsoft
MSFT
+$107M
4
AAPL icon
Apple
AAPL
+$94.7M
5
ZG icon
Zillow
ZG
+$57.8M

Sector Composition

Rank Sector Weight
1 Technology 27.25%
2 Financials 12.9%
3 Communication Services 10.11%
4 Consumer Discretionary 9.5%
5 Industrials 8.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXC icon
276
Exelon
EXC
$46.6B
$25.2M 0.06%
580,408
-9,652
-2% -$430K
ROST icon
277
Ross Stores
ROST
$79.6B
$25.2M 0.06%
197,388
-12,338
-6% -$1.71M
CW icon
278
Curtiss-Wright
CW
$26.7B
$25.1M 0.06%
51,391
-3,424
-6% -$1.35M
PSA icon
279
Public Storage
PSA
$60.4B
$25.1M 0.06%
85,561
-4,356
-5% -$1.29M
VMC icon
280
Vulcan Materials
VMC
$36.3B
$25.1M 0.06%
96,242
+19,703
+26% +$5.07M
EME icon
281
Emcor
EME
$36.8B
$25M 0.06%
46,784
-5,412
-10% -$2.39M
CUK
282
DELISTED
Carnival PLC
CUK
$25M 0.06%
979,598
+303,390
+45% +$5.87M
KMB icon
283
Kimberly-Clark
KMB
$36.2B
$25M 0.06%
193,658
-16,822
-8% -$2.28M
SE icon
284
Sea Limited
SE
$78.5B
$24.6M 0.06%
153,896
+30,468
+25% +$4.41M
TTWO icon
285
Take-Two Interactive
TTWO
$45.4B
$24.5M 0.06%
100,973
+2,032
+2% +$458K
HBAN icon
286
Huntington Bancshares
HBAN
$36.1B
$24.3M 0.06%
1,450,303
-35,889
-2% -$542K
TDY icon
287
Teledyne Technologies
TDY
$31.8B
$24.2M 0.06%
47,219
+9,709
+26% +$4.68M
CBRE icon
288
CBRE Group
CBRE
$42.7B
$24.2M 0.06%
172,478
-51,916
-23% -$6.57M
FERG icon
289
Ferguson
FERG
$47.4B
$24.1M 0.06%
110,711
-5,097
-4% -$938K
VRSK icon
290
Verisk Analytics
VRSK
$23.5B
$24M 0.06%
77,121
-2,286
-3% -$693K
ARKG icon
291
ARK Genomic Revolution ETF
ARKG
$1.79B
$24M 0.06%
986,186
+23,790
+2% +$521K
LBTYA icon
292
Liberty Global Class A
LBTYA
$3.55B
$23.9M 0.06%
2,391,976
-1,019,094
-30% -$10.2M
TGT icon
293
Target
TGT
$69.9B
$23.9M 0.06%
242,536
-15,372
-6% -$1.48M
MSCI icon
294
MSCI
MSCI
$40.9B
$23.9M 0.06%
41,424
-2,672
-6% -$1.48M
EBAY icon
295
eBay
EBAY
$45.5B
$23.9M 0.06%
320,409
-19,602
-6% -$1.39M
CCI icon
296
Crown Castle
CCI
$31.5B
$23.8M 0.06%
232,065
-12,879
-5% -$1.3M
VEEV icon
297
Veeva Systems
VEEV
$39.2B
$23.8M 0.06%
82,740
-6,437
-7% -$1.6M
AME icon
298
Ametek
AME
$59.3B
$23.8M 0.06%
131,519
-3,647
-3% -$627K
PCG icon
299
PG&E
PCG
$38.3B
$23.5M 0.06%
1,685,954
-8,879
-0.5% -$144K
ED icon
300
Consolidated Edison
ED
$39.9B
$23.4M 0.06%
232,887
+20,721
+10% +$2.19M
10 11
12
13 14

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State of Wisconsin Investment Board's Q2 2025 Portfolio in Review

As of Q2 2025, State of Wisconsin Investment Board held 2,442 positions worth $41B, up 5.8% from $38.7B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

State of Wisconsin Investment Board withdrew a net $1.49B in Q2 2025, closing 129 positions and reducing 1,331 holdings. Its most notable exit was Discover Financial Services, an estimated $25.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

Against the trend, State of Wisconsin Investment Board opened a new position in State Street SPDR S&P Homebuilders ETF worth $39.4M.

  • State of Wisconsin Investment Board's largest Q2 2025 buy was State Street SPDR S&P Homebuilders ETF: 400,000 shares worth $39.4M.
  • State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q2 2025, an estimated $390M increase.
  • State of Wisconsin Investment Board's biggest Q2 2025 reduction was Alphabet (Google) Class A, cutting an estimated $398M.
  • State of Wisconsin Investment Board fully exited Discover Financial Services in Q2 2025, selling an estimated $25.4M.
  • State of Wisconsin Investment Board's ten largest holdings make up 28% of its $41B portfolio in Q2 2025.
  • State of Wisconsin Investment Board opened 201 new positions and closed 129 in Q2 2025.
  • State of Wisconsin Investment Board's portfolio value rose 5.8% quarter-over-quarter to $41B.

Based on State of Wisconsin Investment Board's 13F filing for Q2 2025, filed 14 Aug 2025.