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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
HURN icon
876
Huron Consulting
HURN
$2.47B
$6.73M 0.02%
38,919
+13,146
+51% +$2.15M
MRNA icon
877
Moderna
MRNA
$25.4B
$6.72M 0.02%
227,942
+1,698
+0.8% +$46.1K
PCTY icon
878
Paylocity
PCTY
$8.1B
$6.72M 0.02%
44,050
-571
-1% -$85K
ALG icon
879
Alamo Group
ALG
$1.99B
$6.71M 0.02%
39,987
+1,243
+3% +$216K
RPM icon
880
RPM International
RPM
$14.5B
$6.71M 0.02%
64,534
-2,892
-4% -$313K
RBA icon
881
RB Global
RBA
$16B
$6.69M 0.02%
+64,923
New +$6.6M
AXTA icon
882
Axalta
AXTA
$7.93B
$6.68M 0.01%
206,696
+32,616
+19% +$957K
IONQ icon
883
IonQ
IONQ
$18.2B
$6.68M 0.01%
148,788
+46,102
+45% +$2.58M
UAL icon
884
United Airlines
UAL
$41B
$6.67M 0.01%
59,625
-47,854
-45% -$4.84M
HAPN
885
Happen Inc
HAPN
$2.27B
$6.67M 0.01%
351,998
-26,188
-7% -$463K
NDSN icon
886
Nordson
NDSN
$17.3B
$6.65M 0.01%
27,644
-595
-2% -$140K
STNE icon
887
StoneCo
STNE
$2.49B
$6.63M 0.01%
448,560
+68,754
+18% +$1.15M
CCEP icon
888
Coca-Cola Europacific Partners
CCEP
$47.5B
$6.6M 0.01%
72,811
-36,300
-33% -$3.28M
AES icon
889
AES
AES
$10.5B
$6.6M 0.01%
460,148
-687
-0.1% -$9.68K
G icon
890
Genpact
G
$5.78B
$6.58M 0.01%
140,586
+33,092
+31% +$1.43M
BBU
891
DELISTED
Brookfield Business Partners
BBU
$6.57M 0.01%
186,562
-9,000
-5% -$309K
ATRC icon
892
AtriCure
ATRC
$2.21B
$6.5M 0.01%
164,199
-54,372
-25% -$1.99M
GXO icon
893
GXO Logistics
GXO
$5.56B
$6.48M 0.01%
123,129
-1,187
-1% -$62.4K
CBC
894
Central Bancompany Inc
CBC
$7.95B
$6.48M 0.01%
+268,614
New +$6.32M
RUSHA icon
895
Rush Enterprises Class A
RUSHA
$9.62B
$6.46M 0.01%
119,729
+1,148
+1% +$59.6K
MCB icon
896
Metropolitan Bank Holding Corp
MCB
$1.17B
$6.46M 0.01%
84,572
+18,251
+28% +$1.35M
EXAS
897
DELISTED
Exact Sciences
EXAS
$6.43M 0.01%
63,358
-58,159
-48% -$4.67M
BRZE icon
898
Braze
BRZE
$3.36B
$6.43M 0.01%
187,587
+10,596
+6% +$314K
DAVE icon
899
Dave Inc
DAVE
$4.26B
$6.43M 0.01%
29,036
+8,374
+41% +$1.8M
ENTG icon
900
Entegris
ENTG
$25B
$6.42M 0.01%
76,215
-2,943
-4% -$256K
34 35
36
37 38

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LP
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RIM
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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.