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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
+3.81%
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
$44.7B
AUM Growth
+$1.12B
Cap. Flow
+$282M
Cap. Flow %
0.63%
Top 10 Hldgs %
28.98%
Holding
2,613
New
247
Increased
776
Reduced
1,214
Closed
248

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$201M
2
RY icon
Royal Bank of Canada
RY
+$78.9M
3
BEP icon
Brookfield Renewable
BEP
+$77.7M
4
SHOP icon
Shopify
SHOP
+$70.6M
5
BKLN icon
Invesco Senior Loan ETF
BKLN
+$66.7M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$112M
2
NVDA icon
NVIDIA
NVDA
+$101M
3
ZG icon
Zillow
ZG
+$101M
4
MSFT icon
Microsoft
MSFT
+$80.8M
5
AMZN icon
Amazon
AMZN
+$39.8M

Sector Composition

Rank Sector Weight
1 Technology 26.6%
2 Financials 13.19%
3 Communication Services 10.23%
4 Consumer Discretionary 9.12%
5 Healthcare 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COIN icon
301
Coinbase
COIN
$39.2B
$24.1M 0.05%
106,351
-491
-0.5% -$146K
GIL icon
302
Gildan
GIL
$10.6B
$24M 0.05%
383,865
+252,065
+191% +$15M
KMB icon
303
Kimberly-Clark
KMB
$36.5B
$24M 0.05%
237,892
+52,277
+28% +$5.72M
WBS icon
304
Webster Financial
WBS
$12.8B
$24M 0.05%
381,142
+10,954
+3% +$650K
ROK icon
305
Rockwell Automation
ROK
$49.6B
$24M 0.05%
61,565
-1,431
-2% -$538K
CTVA icon
306
Corteva
CTVA
$50.3B
$23.9M 0.05%
356,742
-66,763
-16% -$4.32M
WAB icon
307
Wabtec
WAB
$49.7B
$23.9M 0.05%
111,918
+4,772
+4% +$980K
DDOG icon
308
Datadog
DDOG
$88.8B
$23.8M 0.05%
174,952
+23,903
+16% +$3.78M
RBLX icon
309
Roblox
RBLX
$25.8B
$23.7M 0.05%
293,075
-4,981
-2% -$529K
DHI icon
310
D.R. Horton
DHI
$41.6B
$23.7M 0.05%
164,241
-1,653
-1% -$252K
SU icon
311
Suncor Energy
SU
$76B
$23.6M 0.05%
+531,447
New +$22.5M
COHR icon
312
Coherent
COHR
$66.6B
$23.6M 0.05%
127,747
-7,488
-6% -$1.12M
XEL icon
313
Xcel Energy
XEL
$49.4B
$23.6M 0.05%
319,143
-66,268
-17% -$5.23M
CP icon
314
Canadian Pacific Kansas City
CP
$82.2B
$23.5M 0.05%
+318,242
New +$23.4M
SF
315
Stifel
SF
$12.8B
$23.5M 0.05%
280,913
-26,019
-8% -$2.08M
FERG icon
316
Ferguson
FERG
$47.5B
$23.4M 0.05%
105,009
-2,975
-3% -$711K
GVA icon
317
Granite Construction
GVA
$5.49B
$23.2M 0.05%
201,261
+9,456
+5% +$1.02M
EXPE icon
318
Expedia Group
EXPE
$38.8B
$23.2M 0.05%
81,731
-12,151
-13% -$3M
WAL icon
319
Western Alliance Bancorporation
WAL
$8.96B
$23.1M 0.05%
274,970
+10,556
+4% +$857K
NDAQ icon
320
Nasdaq
NDAQ
$53.4B
$23.1M 0.05%
237,775
-47,365
-17% -$4.26M
TGT icon
321
Target
TGT
$70.2B
$23M 0.05%
235,321
-3,922
-2% -$361K
MSCI icon
322
MSCI
MSCI
$40.7B
$23M 0.05%
40,052
-682
-2% -$383K
INSM icon
323
Insmed
INSM
$27.8B
$22.9M 0.05%
131,624
-1,741
-1% -$318K
YUM icon
324
Yum! Brands
YUM
$41.7B
$22.8M 0.05%
150,710
+13
+0% +$1.93K
WCN
325
Waste Connections
WCN
$41.5B
$22.7M 0.05%
129,724
-6,135
-5% -$1.06M
11 12
13
14 15

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State of Wisconsin Investment Board's Q4 2025 Portfolio in Review

As of Q4 2025, State of Wisconsin Investment Board held 2,613 positions worth $44.7B, up 2.6% from $43.6B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

State of Wisconsin Investment Board's Q4 2025 filing shows 247 new, 776 increased, 1,214 reduced and 248 closed positions. Its largest new stake was Royal Bank of Canada: 513,881 shares worth $87.7M. The largest sale was Apple, an estimated $112M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Communication Services.

  • State of Wisconsin Investment Board's largest Q4 2025 buy was Royal Bank of Canada: 513,881 shares worth $87.7M.
  • State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q4 2025, an estimated $201M increase.
  • State of Wisconsin Investment Board's biggest Q4 2025 reduction was Apple, cutting an estimated $112M.
  • State of Wisconsin Investment Board fully exited Xtrackers Harvest CSI 300 China A-Shares ETF in Q4 2025, selling an estimated $24.9M.
  • State of Wisconsin Investment Board's ten largest holdings make up 29% of its $44.7B portfolio in Q4 2025.
  • State of Wisconsin Investment Board opened 247 new positions and closed 248 in Q4 2025.
  • State of Wisconsin Investment Board's portfolio value rose 2.6% quarter-over-quarter to $44.7B.

Based on State of Wisconsin Investment Board's 13F filing for Q4 2025, filed 17 Feb 2026.