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
+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
EXLS icon
726
EXL Service
EXLS
$5.36B
$8.28M 0.02%
189,187
-5,741
-3% -$262K
CCEP icon
727
Coca-Cola Europacific Partners
CCEP
$47.5B
$8.27M 0.02%
89,211
+29,900
+50% +$2.68M
GNRC icon
728
Generac Holdings
GNRC
$12.8B
$8.26M 0.02%
57,702
-16,073
-22% -$1.96M
OLLI icon
729
Ollie's Bargain Outlet
OLLI
$4.7B
$8.25M 0.02%
62,640
+4,889
+8% +$560K
FR icon
730
First Industrial Realty Trust
FR
$8.4B
$8.24M 0.02%
171,161
-4,612
-3% -$225K
S icon
731
SentinelOne
S
$8.17B
$8.22M 0.02%
449,675
+7,102
+2% +$130K
INCY icon
732
Incyte
INCY
$24.4B
$8.21M 0.02%
120,572
-45,328
-27% -$2.87M
EYLD icon
733
Cambria Emerging Shareholder Yield ETF
EYLD
$892M
$8.2M 0.02%
227,135
– –
BXP icon
734
Boston Properties
BXP
$11B
$8.2M 0.02%
121,558
+27,890
+30% +$1.86M
MHK icon
735
Mohawk Industries
MHK
$9.42B
$8.2M 0.02%
78,226
-20,434
-21% -$2.13M
BLDR icon
736
Builders FirstSource
BLDR
$7.91B
$8.19M 0.02%
70,166
-9,293
-12% -$1.07M
NXST icon
737
Nexstar Media Group
NXST
$5.81B
$8.18M 0.02%
47,277
+37
+0.1% +$6.06K
MAS icon
738
Masco
MAS
$14.7B
$8.16M 0.02%
126,849
-5,377
-4% -$339K
IRT icon
739
Independence Realty Trust
IRT
$4.01B
$8.15M 0.02%
460,645
-3,895
-0.8% -$73.1K
CWEN.A
740
DELISTED
Clearway Energy Class A
CWEN.A
$8.13M 0.02%
268,568
-24,185
-8% -$678K
PLXS icon
741
Plexus
PLXS
$7.04B
$8.12M 0.02%
60,014
-1,233
-2% -$158K
EXEL icon
742
Exelixis
EXEL
$12.5B
$8.11M 0.02%
184,090
-9,727
-5% -$389K
LYB icon
743
LyondellBasell Industries
LYB
$20.2B
$8.1M 0.02%
140,023
-37,442
-21% -$2.18M
PCTY icon
744
Paylocity
PCTY
$8.1B
$8.09M 0.02%
44,632
-1,782
-4% -$335K
ZWS icon
745
Zurn Elkay Water Solutions
ZWS
$8.41B
$8.06M 0.02%
220,493
-869
-0.4% -$29.9K
ILMN icon
746
Illumina
ILMN
$29.1B
$7.99M 0.02%
83,723
-5,711
-6% -$463K
CNNE icon
747
Cannae Holdings
CNNE
$675M
$7.97M 0.02%
382,076
-120,013
-24% -$2.22M
ASH icon
748
Ashland
ASH
$3.36B
$7.96M 0.02%
158,352
+144,298
+1,027% +$7.34M
WAY
749
Waystar Holding Corp
WAY
$4.81B
$7.94M 0.02%
194,258
-2,648
-1% -$102K
TXT icon
750
Textron
TXT
$15.1B
$7.91M 0.02%
98,476
-18,769
-16% -$1.36M
28 29
30
31 32

Similar funds

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
HF
HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return
Aristotle Capital Management
Aristotle Capital Management Los Angeles, California $47.8B AUM 13.38% 1-Year Est. Return
Fayez Sarofim & Co
Fayez Sarofim & Co Houston, Texas $39.1B AUM 15.14% 1-Year Est. Return

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.