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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
TTMI icon
901
TTM Technologies
TTMI
$14.6B
$5.73M 0.01%
99,474
-61,100
-38% -$2.84M
AGNC icon
902
AGNC Investment
AGNC
$13B
$5.72M 0.01%
584,206
+72,202
+14% +$700K
AVTR icon
903
Avantor
AVTR
$9.37B
$5.72M 0.01%
458,112
+88,674
+24% +$1.14M
CNH
904
CNH Industrial
CNH
$16.7B
$5.71M 0.01%
526,665
-29,095
-5% -$355K
LAZ icon
905
Lazard
LAZ
$4.43B
$5.66M 0.01%
107,165
+549
+0.5% +$29.6K
ABX
906
Abacus Global Management
ABX
$833M
$5.63M 0.01%
982,840
+1,336
+0.1% +$7.93K
FCFS icon
907
FirstCash
FCFS
$9.14B
$5.62M 0.01%
35,470
-6,934
-16% -$970K
FLR icon
908
Fluor
FLR
$7B
$5.57M 0.01%
132,328
-245
-0.2% -$11.3K
LIF
909
Life360
LIF
$4.09B
$5.55M 0.01%
52,246
+160
+0.3% +$13.5K
LLYVK icon
910
Liberty Live Group Series C
LLYVK
$9.92B
$5.53M 0.01%
57,074
+52,935
+1,279% +$4.78M
BOOT icon
911
Boot Barn
BOOT
$4.92B
$5.52M 0.01%
33,285
+16
+0% +$2.76K
PRI icon
912
Primerica
PRI
$9.62B
$5.48M 0.01%
19,746
-210
-1% -$56.4K
RDNT icon
913
RadNet
RDNT
$6.08B
$5.46M 0.01%
71,622
+10,446
+17% +$678K
TFX icon
914
Teleflex
TFX
$5.82B
$5.43M 0.01%
44,392
+4,691
+12% +$569K
INSP icon
915
Inspire Medical Systems
INSP
$1.68B
$5.42M 0.01%
73,104
+4,624
+7% +$468K
EVER icon
916
EverQuote
EVER
$864M
$5.42M 0.01%
236,870
-2,800
-1% -$67.6K
ALV icon
917
Autoliv
ALV
$8.89B
$5.41M 0.01%
43,818
+4,816
+12% +$576K
OBK icon
918
Origin Bancorp
OBK
$1.69B
$5.37M 0.01%
155,560
+18,952
+14% +$702K
GFF icon
919
Griffon
GFF
$4.8B
$5.35M 0.01%
70,297
+3,570
+5% +$275K
UGI icon
920
UGI
UGI
$7.56B
$5.33M 0.01%
160,366
-4,027
-2% -$141K
BHF icon
921
Brighthouse Financial
BHF
$3.42B
$5.32M 0.01%
100,208
+17,261
+21% +$843K
POWL icon
922
Powell Industries
POWL
$7.43B
$5.32M 0.01%
52,335
+5,484
+12% +$465K
TTC icon
923
Toro Company
TTC
$9.21B
$5.31M 0.01%
69,735
+690
+1% +$52.9K
DCI icon
924
Donaldson
DCI
$11.1B
$5.31M 0.01%
64,920
-17,509
-21% -$1.32M
EEFT icon
925
Euronet Worldwide
EEFT
$2.78B
$5.27M 0.01%
60,066
-3,951
-6% -$379K
35 36
37
38 39

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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.