We are live on ! Find out more
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
+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
Cap. Flow
-$1.49B
Cap. Flow %
-3.63%
Top 10 Hldgs %
27.58%
Holding
2,442
New
201
Increased
735
Reduced
1,331
Closed
129

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$390M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$107M
3
XHB icon
State Street SPDR S&P Homebuilders ETF
XHB
+$38M
4
COF icon
Capital One
COF
+$29.9M
5
LBRDA icon
Liberty Broadband Class A
LBRDA
+$28.6M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$398M
2
NVDA icon
NVIDIA
NVDA
+$120M
3
MSFT icon
Microsoft
MSFT
+$107M
4
AAPL icon
Apple
AAPL
+$94.7M
5
ZG icon
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
BCRX icon
1076
BioCryst Pharmaceuticals
BCRX
$2.51B
$3.36M 0.01%
375,249
-152,997
-29% -$1.42M
SGRY icon
1077
Surgery Partners
SGRY
$1.99B
$3.35M 0.01%
150,667
+345
+0.2% +$7.67K
OEC icon
1078
Orion
OEC
$360M
$3.34M 0.01%
318,770
+46,749
+17% +$529K
EVH icon
1079
Evolent Health
EVH
$527M
$3.34M 0.01%
296,959
+7,208
+2% +$66.2K
PVH icon
1080
PVH
PVH
$3.77B
$3.34M 0.01%
48,731
+18,771
+63% +$1.36M
BLBD icon
1081
Blue Bird Corp
BLBD
$2.05B
$3.33M 0.01%
77,263
-180
-0.2% -$6.85K
VISN
1082
Vistance Networks Inc
VISN
$2.62B
$3.33M 0.01%
402,505
-162,559
-29% -$851K
NHI icon
1083
National Health Investors
NHI
$3.5B
$3.32M 0.01%
47,347
-10,456
-18% -$766K
TROX icon
1084
Tronox
TROX
$958M
$3.32M 0.01%
654,289
+135,951
+26% +$740K
AAP icon
1085
Advance Auto Parts
AAP
$3.46B
$3.32M 0.01%
71,321
-8,541
-11% -$342K
MIR icon
1086
Mirion Technologies
MIR
$3.88B
$3.31M 0.01%
153,774
+42,511
+38% +$733K
MRCY icon
1087
Mercury Systems
MRCY
$6.59B
$3.29M 0.01%
61,115
-864
-1% -$42.1K
ETSY icon
1088
Etsy
ETSY
$7.4B
$3.29M 0.01%
65,569
+1,539
+2% +$76.5K
POWL icon
1089
Powell Industries
POWL
$7.43B
$3.29M 0.01%
46,851
-4,977
-10% -$300K
SPSC icon
1090
SPS Commerce
SPSC
$2.86B
$3.29M 0.01%
24,144
+2,020
+9% +$280K
SEM
1091
DELISTED
Select Medical
SEM
$3.28M 0.01%
216,143
+26,876
+14% +$419K
MAT icon
1092
Mattel
MAT
$4.25B
$3.28M 0.01%
166,135
-23,369
-12% -$416K
PENG
1093
Penguin Solutions Inc
PENG
$3.12B
$3.27M 0.01%
165,318
-2,374
-1% -$43K
HXL icon
1094
Hexcel
HXL
$7.74B
$3.25M 0.01%
57,517
-3,789
-6% -$200K
PTEN icon
1095
Patterson-UTI
PTEN
$4.16B
$3.24M 0.01%
546,700
+33,565
+7% +$202K
COKE icon
1096
Coca-Cola Consolidated
COKE
$12.7B
$3.24M 0.01%
28,988
-5,152
-15% -$622K
QQQ icon
1097
Invesco QQQ Trust
QQQ
$487B
$3.23M 0.01%
5,860
+1,140
+24% +$567K
BCC icon
1098
Boise Cascade
BCC
$2.94B
$3.23M 0.01%
37,226
+29,899
+408% +$2.71M
AII
1099
American Integrity Insurance
AII
$470M
$3.22M 0.01%
+175,000
New +$2.95M
TEM
1100
Tempus AI
TEM
$9.8B
$3.21M 0.01%
+50,485
New +$2.89M
42 43
44
45 46

Similar funds

TCI Fund Management
TCI Fund Management London, United Kingdom $45.2B AUM 12.74% 1-Year Est. Return
LP
LMR Partners London, United Kingdom $45.4B AUM 60.47% 1-Year Est. Return
Holocene Advisors
Holocene Advisors New York $41.5B AUM 42.97% 1-Year Est. Return
HF
HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return
Aristotle Capital Management
Aristotle Capital Management Los Angeles, California $47.8B AUM 13.38% 1-Year Est. Return
Fayez Sarofim & Co
Fayez Sarofim & Co Houston, Texas $39.1B AUM 15.14% 1-Year Est. Return
Parallax Volatility Advisers
Parallax Volatility Advisers San Francisco, California $38.6B AUM 45.89% 1-Year Est. Return
RIM
Rakuten Investment Management Tokyo, Japan $49.2B AUM

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.