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 | |
|---|---|---|---|---|---|---|
901
Core & Main
CNM
$8.64B
| $5.44M | 0.01% |
90,079
-12,586
| -12% | -$673K |
|
902
SoFi Technologies
SOFI
$23.8B
| $5.43M | 0.01% |
298,254
-121,288
| -29% | -$1.6M |
|
903
Service Corp International
SCI
$11.3B
| $5.4M | 0.01% |
66,284
+876
| +1% | +$68.4K |
|
904
NCR Atleos
NATL
$3.47B
| $5.36M | 0.01% |
187,890
-248
| -0.1% | -$6.69K |
|
905
Global X Uranium ETF
URA
$6.31B
| $5.36M | 0.01% |
138,000
-233,000
| -63% | -$6.76M |
|
906
Lithia Motors
LAD
$8.32B
| $5.34M | 0.01% |
15,800
-1,606
| -9% | -$497K |
|
|
CMA
907
DELISTED
Comerica
CMA
| $5.34M | 0.01% |
89,451
-11,301
| -11% | -$631K |
|
908
Core Scientific
CORZ
$6.36B
| $5.32M | 0.01% |
311,641
+3,431
| +1% | +$34.3K |
|
909
Cavco Industries
CVCO
$4.67B
| $5.31M | 0.01% |
12,212
+3,089
| +34% | +$1.45M |
|
910
Mueller Industries
MLI
$14.7B
| $5.3M | 0.01% |
133,502
-58,188
| -30% | -$2.2M |
|
911
Hamilton Insurance Group
HG
$2.32B
| $5.3M | 0.01% |
245,196
+46,795
| +24% | +$942K |
|
912
Essential Utilities
WTRG
$11.5B
| $5.27M | 0.01% |
141,908
-5,111
| -3% | -$199K |
|
913
Brown-Forman Class B
BF.B
$12.9B
| $5.24M | 0.01% |
194,638
+91,585
| +89% | +$2.94M |
|
914
Unum
UNM
$14.7B
| $5.23M | 0.01% |
64,750
-9,372
| -13% | -$740K |
|
915
Kinetik
KNTK
$4.16B
| $5.23M | 0.01% |
118,647
-1,002
| -0.8% | -$44K |
|
916
Rocket Lab Corp
RKLB
$51.2B
| $5.22M | 0.01% |
146,063
+33,297
| +30% | +$815K |
|
917
BlackLine
BL
$1.82B
| $5.22M | 0.01% |
92,199
+2,665
| +3% | +$138K |
|
918
Iridium Communications
IRDM
$5.27B
| $5.19M | 0.01% |
172,111
+1,054
| +0.6% | +$27.4K |
|
919
Axalta
AXTA
$7.93B
| $5.17M | 0.01% |
174,081
-8,909
| -5% | -$277K |
|
920
RLI Corp
RLI
$5.87B
| $5.15M | 0.01% |
71,355
-2,038
| -3% | -$153K |
|
921
Banner Corp
BANR
$2.5B
| $5.14M | 0.01% |
80,174
-1,291
| -2% | -$79.8K |
|
922
Kyndryl
KD
$3.04B
| $5.13M | 0.01% |
122,269
-9,460
| -7% | -$342K |
|
923
Lazard
LAZ
$4.43B
| $5.12M | 0.01% |
106,616
-6,198
| -5% | -$259K |
|
924
Snap
SNAP
$8.96B
| $5.11M | 0.01% |
588,573
+4,384
| +0.8% | +$36.4K |
|
925
Cameco
CCJ
$42.6B
| $5.11M | 0.01% |
68,800
-43,700
| -39% | -$2.33M |
|
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.