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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
+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
BALL icon
801
Ball Corp
BALL
$16.4B
$7.24M 0.02%
143,500
-25,177
-15% -$1.36M
STNE icon
802
StoneCo
STNE
$2.49B
$7.18M 0.02%
379,806
+17,735
+5% +$282K
LSCC icon
803
Lattice Semiconductor
LSCC
$18.2B
$7.18M 0.02%
97,864
+22,139
+29% +$1.35M
AKAM icon
804
Akamai
AKAM
$18B
$7.18M 0.02%
94,712
-19,121
-17% -$1.47M
SCI icon
805
Service Corp International
SCI
$11.3B
$7.17M 0.02%
86,144
+19,860
+30% +$1.58M
SITM icon
806
SiTime
SITM
$20.7B
$7.16M 0.02%
23,762
+5,618
+31% +$1.3M
BWXT icon
807
BWX Technologies
BWXT
$15.6B
$7.16M 0.02%
38,833
-2,593
-6% -$417K
REVG
808
DELISTED
REV Group
REVG
$7.13M 0.02%
125,859
-7,167
-5% -$380K
CNNE icon
809
Cannae Holdings
CNNE
$675M
$7.13M 0.02%
389,182
+7,106
+2% +$140K
PCTY icon
810
Paylocity
PCTY
$8.1B
$7.11M 0.02%
44,621
-11
-0% -$1.95K
GLPI icon
811
Gaming and Leisure Properties
GLPI
$12.7B
$7.06M 0.02%
151,535
-3,932
-3% -$185K
DGII icon
812
Digi International
DGII
$3.23B
$7.01M 0.02%
192,383
-436
-0.2% -$15K
TW icon
813
Tradeweb Markets
TW
$22.3B
$6.99M 0.02%
63,023
-4,603
-7% -$592K
FUTU icon
814
Futu Holdings
FUTU
$14.7B
$6.97M 0.02%
40,080
+7,100
+22% +$1.18M
BG icon
815
Bunge Global
BG
$21.7B
$6.96M 0.02%
85,693
-22,638
-21% -$1.81M
SJM icon
816
J.M. Smucker
SJM
$12.9B
$6.96M 0.02%
64,066
-635
-1% -$69K
AVAV icon
817
AeroVironment
AVAV
$9.59B
$6.96M 0.02%
22,089
+8,818
+66% +$2.28M
AROC icon
818
Archrock
AROC
$5.85B
$6.96M 0.02%
264,366
+503
+0.2% +$12.1K
S icon
819
SentinelOne
S
$8.17B
$6.95M 0.02%
394,775
-54,900
-12% -$985K
GTES icon
820
Gates Industrial Corporation Ltd.
GTES
$7B
$6.9M 0.02%
277,833
+504
+0.2% +$12.5K
SAIA icon
821
Saia
SAIA
$10.1B
$6.89M 0.02%
23,019
-8,793
-28% -$2.65M
OSK icon
822
Oshkosh
OSK
$9.41B
$6.89M 0.02%
53,114
+14,468
+37% +$1.92M
SWX icon
823
Southwest Gas
SWX
$6.67B
$6.89M 0.02%
87,898
+24,747
+39% +$1.93M
LITE icon
824
Lumentum
LITE
$78B
$6.87M 0.02%
42,237
+11,090
+36% +$1.38M
CVCO icon
825
Cavco Industries
CVCO
$4.67B
$6.83M 0.02%
11,759
-453
-4% -$222K
31 32
33
34 35

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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.