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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
CACI icon
426
CACI
CACI
$14.9B
$16.4M 0.04%
30,821
-169
-0.5% -$95.5K
IR icon
427
Ingersoll Rand
IR
$32.7B
$16.4M 0.04%
207,060
-6,542
-3% -$516K
SSB icon
428
SouthState Bank Corp
SSB
$10.8B
$16.3M 0.04%
173,479
+16,994
+11% +$1.57M
EWY icon
429
iShares MSCI South Korea ETF
EWY
$27.8B
$16.3M 0.04%
167,800
+55,000
+49% +$5.03M
LNT icon
430
Alliant Energy
LNT
$18.2B
$16.3M 0.04%
250,692
+8,706
+4% +$583K
SPXC icon
431
SPX Corp
SPXC
$10.7B
$16.2M 0.04%
80,960
-1,220
-1% -$249K
HSY icon
432
Hershey
HSY
$37.3B
$16.2M 0.04%
89,002
-247
-0.3% -$45.2K
VRSK icon
433
Verisk Analytics
VRSK
$23.7B
$16.2M 0.04%
72,367
-1,141
-2% -$257K
PFGC icon
434
Performance Food Group
PFGC
$16.4B
$16.1M 0.04%
179,523
+2,081
+1% +$201K
HST icon
435
Host Hotels & Resorts
HST
$15.6B
$16.1M 0.04%
908,816
-164,420
-15% -$2.84M
TSCO icon
436
Tractor Supply
TSCO
$18.7B
$16.1M 0.04%
322,168
-17,920
-5% -$965K
BANC icon
437
Banc of California
BANC
$3.12B
$16.1M 0.04%
833,262
+38,800
+5% +$695K
AMCR icon
438
Amcor
AMCR
$21.5B
$16M 0.04%
384,642
-51,100
-12% -$2.11M
RDDT icon
439
Reddit
RDDT
$30.3B
$16M 0.04%
69,662
-4,918
-7% -$1.03M
TOL icon
440
Toll Brothers
TOL
$13.9B
$16M 0.04%
118,323
-781
-0.7% -$106K
VMI icon
441
Valmont Industries
VMI
$9.49B
$16M 0.04%
39,706
+3,117
+9% +$1.27M
HUM icon
442
Humana
HUM
$46.1B
$16M 0.04%
62,297
-9,654
-13% -$2.53M
KHC icon
443
Kraft Heinz
KHC
$29.8B
$16M 0.04%
657,833
-114,668
-15% -$2.85M
CAE icon
444
CAE Inc. Common Shares
CAE
$8.46B
$15.9M 0.04%
+520,684
New +$14.6M
SOFI icon
445
SoFi Technologies
SOFI
$23.8B
$15.8M 0.04%
603,403
+22,424
+4% +$625K
WWD icon
446
Woodward
WWD
$21.3B
$15.8M 0.04%
52,113
+1,304
+3% +$359K
OXY icon
447
Occidental Petroleum
OXY
$57.7B
$15.7M 0.04%
382,976
-3,179
-0.8% -$133K
WY icon
448
Weyerhaeuser
WY
$17.9B
$15.7M 0.04%
664,744
-47,446
-7% -$1.1M
LPLA icon
449
LPL Financial
LPLA
$29.4B
$15.7M 0.04%
43,988
-10,388
-19% -$3.67M
BTE icon
450
Baytex Energy
BTE
$2.99B
$15.7M 0.04%
+4,843,898
New +$13.5M
16 17
18
19 20

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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.