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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
BLK icon
76
Blackrock
BLK
$181B
$91.6M 0.21%
78,580
-3,943
-5% -$4.41M
SPGI icon
77
S&P Global
SPGI
$122B
$90.4M 0.21%
185,712
+2,436
+1% +$1.3M
TXN icon
78
Texas Instruments
TXN
$253B
$89.1M 0.2%
485,026
-44,824
-8% -$8.76M
ISRG icon
79
Intuitive Surgical
ISRG
$141B
$88.7M 0.2%
198,235
-3,515
-2% -$1.69M
TJX icon
80
TJX Companies
TJX
$168B
$88M 0.2%
608,981
-9,548
-2% -$1.27M
AMAT icon
81
Applied Materials
AMAT
$438B
$87.8M 0.2%
428,911
-17,421
-4% -$3.16M
BA icon
82
Boeing
BA
$181B
$87.1M 0.2%
403,752
-7,232
-2% -$1.63M
ANET icon
83
Arista Networks
ANET
$263B
$86.2M 0.2%
591,319
+18,900
+3% +$2.43M
NEE icon
84
NextEra Energy
NEE
$179B
$83.6M 0.19%
1,107,373
-17,035
-2% -$1.24M
ACN icon
85
Accenture
ACN
$109B
$82.9M 0.19%
336,178
-6,834
-2% -$1.78M
BSX icon
86
Boston Scientific
BSX
$74.8B
$82.2M 0.19%
841,530
+34,794
+4% +$3.6M
APH icon
87
Amphenol
APH
$209B
$80.9M 0.19%
653,513
-18,731
-3% -$2.06M
ADBE icon
88
Adobe
ADBE
$102B
$80.2M 0.18%
227,400
-5,389
-2% -$1.93M
AMGN icon
89
Amgen
AMGN
$226B
$79.8M 0.18%
282,895
-4,273
-1% -$1.24M
COF icon
90
Capital One
COF
$136B
$79.2M 0.18%
372,519
-13,485
-3% -$2.95M
PGR icon
91
Progressive
PGR
$121B
$77.6M 0.18%
314,162
-19,488
-6% -$4.8M
PFE icon
92
Pfizer
PFE
$153B
$77.2M 0.18%
3,030,875
-60,379
-2% -$1.49M
KLAC icon
93
KLA
KLAC
$276B
$77M 0.18%
714,300
-31,710
-4% -$2.96M
ETN icon
94
Eaton
ETN
$176B
$77M 0.18%
205,714
-3,621
-2% -$1.32M
INTC icon
95
Intel
INTC
$531B
$76.9M 0.18%
2,293,074
-72,523
-3% -$1.76M
LOW icon
96
Lowe's Companies
LOW
$121B
$76.9M 0.18%
306,030
+5,232
+2% +$1.29M
GILD icon
97
Gilead Sciences
GILD
$170B
$76.1M 0.17%
685,475
-2,518
-0.4% -$286K
UNP icon
98
Union Pacific
UNP
$176B
$74.2M 0.17%
314,084
-6,376
-2% -$1.44M
BX icon
99
Blackstone
BX
$110B
$73.2M 0.17%
428,188
+29,366
+7% +$5.03M
PANW icon
100
Palo Alto Networks
PANW
$319B
$71.3M 0.16%
350,357
-3,290
-0.9% -$630K
2 3
4
5 6

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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.