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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
-2.67%
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
$38.7B
AUM Growth
-$490M
(-1.2%)
Cap. Flow
+$1.41B
Cap. Flow
% of AUM
3.64%
Top 10 Holdings %
Top 10 Hldgs %
25.43%
Holding
2,386
New
123
Increased
1,235
Reduced
836
Closed
145
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$795M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 3 |
EFFE
Harbor Osmosis Emerging Markets Resource Efficient ETF
EFFE
|
+$105M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$90.4M |
| 5 |
EFFI
Harbor Osmosis International Resource Efficient ETF
EFFI
|
+$58.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$322M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$85.2M |
| 3 |
HEICO Corp Class A
HEI.A
|
+$34.6M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$26.5M |
| 5 |
ALTR
Altair Engineering Inc
ALTR
|
+$21.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.98% |
| 2 | Financials | 13.13% |
| 3 | Communication Services | 10.56% |
| 4 | Healthcare | 10.1% |
| 5 | Consumer Discretionary | 9.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Tandem Diabetes Care
TNDM
$1.63B
| $2.99M | 0.01% |
156,212
+13,750
| +10% | +$402K |
|
1102
TD Synnex
SNX
$20.4B
| $2.99M | 0.01% |
28,790
+689
| +2% | +$92.1K |
|
1103
Cognex
CGNX
$10.4B
| $2.97M | 0.01% |
99,634
+33,549
| +51% | +$1.18M |
|
1104
Supernus Pharmaceuticals
SUPN
$2.78B
| $2.95M | 0.01% |
90,195
+51,741
| +135% | +$1.83M |
|
1105
Spire
SR
$4.89B
| $2.95M | 0.01% |
37,683
-371
| -1% | -$27.1K |
|
1106
CONMED
CNMD
$1.49B
| $2.94M | 0.01% |
48,758
+1,102
| +2% | +$71K |
|
1107
First Internet Bancorp
INBK
$255M
| $2.94M | 0.01% |
109,894
+5,073
| +5% | +$158K |
|
1108
Powell Industries
POWL
$7.58B
| $2.94M | 0.01% |
51,828
+6,492
| +14% | +$453K |
|
1109
SPS Commerce
SPSC
$2.86B
| $2.94M | 0.01% |
22,124
+115
| +0.5% | +$18.1K |
|
1110
ONE Gas
OGS
$5.05B
| $2.93M | 0.01% |
38,785
-3,457
| -8% | -$249K |
|
|
PENG
1111
Penguin Solutions Inc
PENG
$3.12B
| $2.91M | 0.01% |
167,692
-84,782
| -34% | -$1.67M |
|
1112
Lyft
LYFT
$6.28B
| $2.91M | 0.01% |
244,990
-69,493
| -22% | -$905K |
|
|
TPC
1113
Tutor Perini Cor
TPC
$5.05B
| $2.9M | 0.01% |
125,173
+2,085
| +2% | +$51.4K |
|
1114
Valvoline
VVV
$4.25B
| $2.9M | 0.01% |
83,270
-31,077
| -27% | -$1.13M |
|
|
GAP
1115
The Gap Inc
GAP
$7.29B
| $2.89M | 0.01% |
140,336
-9,576
| -6% | -$215K |
|
1116
Box
BOX
$4.48B
| $2.89M | 0.01% |
93,495
-10,407
| -10% | -$337K |
|
|
NUVL
1117
DELISTED
Nuvalent
NUVL
| $2.88M | 0.01% |
40,674
+4,669
| +13% | +$365K |
|
1118
Pacira BioSciences
PCRX
$924M
| $2.88M | 0.01% |
116,024
-34,154
| -23% | -$818K |
|
|
OPLN
1119
Openlane
OPLN
$4.34B
| $2.86M | 0.01% |
148,530
+78,984
| +114% | +$1.63M |
|
|
PPLI
1120
People Inc
PPLI
$3.02B
| $2.86M | 0.01% |
75,816
-2,439
| -3% | -$89K |
|
1121
Century Aluminum
CENX
$4.59B
| $2.82M | 0.01% |
151,771
+11,711
| +8% | +$225K |
|
1122
Prestige Consumer Healthcare
PBH
$2.43B
| $2.81M | 0.01% |
32,696
-231
| -0.7% | -$18.9K |
|
1123
Shake Shack
SHAK
$2.94B
| $2.8M | 0.01% |
31,782
+2,553
| +9% | +$277K |
|
1124
Lear
LEA
$8.16B
| $2.8M | 0.01% |
31,698
-4,396
| -12% | -$417K |
|
1125
Encore Capital Group
ECPG
$2.07B
| $2.79M | 0.01% |
+81,504
| New | +$3.55M |
|
Similar funds
LP
HF
RIM
State of Wisconsin Investment Board's Q1 2025 Portfolio in Review
As of Q1 2025, State of Wisconsin Investment Board held 2,386 positions worth $38.7B, down 1.2% from $39.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
State of Wisconsin Investment Board deployed $1.41B of net new capital in Q1 2025, opening 123 new positions and adding to 1,235 existing holdings. Its largest new stake was Harbor Osmosis Emerging Markets Resource Efficient ETF: 5,140,000 shares worth $106M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 28% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was HEICO Corp Class A, an estimated $34.6M trimmed.
- State of Wisconsin Investment Board's largest Q1 2025 buy was Harbor Osmosis Emerging Markets Resource Efficient ETF: 5,140,000 shares worth $106M.
- State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q1 2025, an estimated $795M increase.
- State of Wisconsin Investment Board's biggest Q1 2025 reduction was HEICO Corp Class A, cutting an estimated $34.6M.
- State of Wisconsin Investment Board fully exited iShares Bitcoin Trust in Q1 2025, selling an estimated $322M.
- State of Wisconsin Investment Board's ten largest holdings make up 25% of its $38.7B portfolio in Q1 2025.
- State of Wisconsin Investment Board opened 123 new positions and closed 145 in Q1 2025.
- State of Wisconsin Investment Board's portfolio value fell 1.2% quarter-over-quarter to $38.7B.
Based on State of Wisconsin Investment Board's 13F filing for Q1 2025, filed 15 May 2025.