We are live on
!
Find out more
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
(+5.8%)
Cap. Flow
-$1.49B
Cap. Flow
% of AUM
-3.63%
Top 10 Holdings %
Top 10 Hldgs %
27.58%
Holding
2,442
New
201
Increased
735
Reduced
1,331
Closed
129
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$390M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$107M |
| 3 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$38M |
| 4 |
Capital One
COF
|
+$29.9M |
| 5 |
Liberty Broadband Class A
LBRDA
|
+$28.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$398M |
| 2 |
NVIDIA
NVDA
|
+$120M |
| 3 |
Microsoft
MSFT
|
+$107M |
| 4 |
Apple
AAPL
|
+$94.7M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
851
Atmus Filtration Technologies
ATMU
$4.06B
| $6.29M | 0.02% |
172,629
-44,438
| -20% | -$1.59M |
|
852
Nordson
NDSN
$17.3B
| $6.28M | 0.02% |
29,312
-485
| -2% | -$96.5K |
|
853
Campbell Soup
CPB
$6.94B
| $6.28M | 0.02% |
204,786
+92,344
| +82% | +$3.25M |
|
854
Moderna
MRNA
$25.4B
| $6.24M | 0.02% |
226,145
+37,285
| +20% | +$982K |
|
855
Zillow
Z
$8.08B
| $6.22M | 0.02% |
88,809
-990
| -1% | -$66.7K |
|
856
Onto Innovation
ONTO
$20.6B
| $6.18M | 0.02% |
61,275
-4,170
| -6% | -$445K |
|
|
UMH
857
UMH Properties
UMH
$1.42B
| $6.14M | 0.02% |
365,488
-9,719
| -3% | -$166K |
|
858
Annaly Capital Management
NLY
$17.6B
| $6.1M | 0.01% |
323,969
+14,547
| +5% | +$277K |
|
859
GameStop
GME
$8.33B
| $6.09M | 0.01% |
249,800
-17,505
| -7% | -$469K |
|
860
Harmonic Inc
HLIT
$1.42B
| $6.09M | 0.01% |
643,279
+11,051
| +2% | +$101K |
|
861
Guardant Health
GH
$21.4B
| $6.08M | 0.01% |
116,827
-13,569
| -10% | -$606K |
|
862
Badger Meter
BMI
$3.78B
| $6.08M | 0.01% |
24,818
-1,229
| -5% | -$278K |
|
863
Solventum
SOLV
$14.7B
| $6.05M | 0.01% |
79,759
-3,434
| -4% | -$243K |
|
864
Dick's Sporting Goods
DKS
$18.1B
| $6.04M | 0.01% |
30,515
-1,681
| -5% | -$312K |
|
865
UGI
UGI
$7.56B
| $5.99M | 0.01% |
164,393
+24,624
| +18% | +$847K |
|
866
BWX Technologies
BWXT
$15.6B
| $5.97M | 0.01% |
41,426
-5,607
| -12% | -$655K |
|
867
Qorvo
QRVO
$8.68B
| $5.96M | 0.01% |
70,184
+4,741
| +7% | +$342K |
|
868
Macerich
MAC
$6.99B
| $5.96M | 0.01% |
368,049
-27,238
| -7% | -$420K |
|
869
LivaNova
LIVN
$4.53B
| $5.93M | 0.01% |
131,756
-2,381
| -2% | -$98.2K |
|
870
GitLab
GTLB
$7.32B
| $5.91M | 0.01% |
131,018
-51
| -0% | -$2.33K |
|
871
Maplebear
CART
$11.6B
| $5.89M | 0.01% |
130,233
+1,581
| +1% | +$68.7K |
|
872
Rivian
RIVN
$22.9B
| $5.86M | 0.01% |
426,149
+8,000
| +2% | +$109K |
|
|
DAY
873
DELISTED
Dayforce
DAY
| $5.85M | 0.01% |
105,647
+23,472
| +29% | +$1.34M |
|
|
MRX
874
Marex Group Limited Ordinary Shares
MRX
$5.2B
| $5.84M | 0.01% |
147,858
| – | – |
|
875
Highwoods Properties
HIW
$3.51B
| $5.84M | 0.01% |
187,693
-3,484
| -2% | -$103K |
|
Similar funds
LP
HF
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.