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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
+3.81%
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
$44.7B
AUM Growth
+$1.12B
Cap. Flow
+$282M
Cap. Flow %
0.63%
Top 10 Hldgs %
28.98%
Holding
2,613
New
247
Increased
776
Reduced
1,214
Closed
248

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$201M
2
RY icon
Royal Bank of Canada
RY
+$78.9M
3
BEP icon
Brookfield Renewable
BEP
+$77.7M
4
SHOP icon
Shopify
SHOP
+$70.6M
5
BKLN icon
Invesco Senior Loan ETF
BKLN
+$66.7M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$112M
2
NVDA icon
NVIDIA
NVDA
+$101M
3
ZG icon
Zillow
ZG
+$101M
4
MSFT icon
Microsoft
MSFT
+$80.8M
5
AMZN icon
Amazon
AMZN
+$39.8M

Sector Composition

Rank Sector Weight
1 Technology 26.6%
2 Financials 13.19%
3 Communication Services 10.23%
4 Consumer Discretionary 9.12%
5 Healthcare 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGO icon
1126
Assured Guaranty
AGO
$3.29B
$3.52M 0.01%
39,154
-939
-2% -$81K
OSIS icon
1127
OSI Systems
OSIS
$3.82B
$3.52M 0.01%
13,791
+1,066
+8% +$278K
DBD icon
1128
Diebold Nixdorf
DBD
$2.45B
$3.52M 0.01%
51,790
+24,603
+90% +$1.54M
PB icon
1129
Prosperity Bancshares
PB
$8.95B
$3.5M 0.01%
50,603
-4,454
-8% -$301K
FHN icon
1130
First Horizon
FHN
$12.3B
$3.48M 0.01%
145,729
-72,537
-33% -$1.62M
MUSA icon
1131
Murphy USA
MUSA
$10.1B
$3.48M 0.01%
8,626
-1,193
-12% -$458K
NVMI
1132
Nova
NVMI
$13.1B
$3.45M 0.01%
+10,327
New +$3.32M
PRI icon
1133
Primerica
PRI
$9.57B
$3.45M 0.01%
13,358
-6,388
-32% -$1.67M
BC icon
1134
Brunswick
BC
$5.21B
$3.44M 0.01%
46,380
-5,856
-11% -$397K
TENB icon
1135
Tenable Holdings
TENB
$4.41B
$3.44M 0.01%
146,049
-112,563
-44% -$3.08M
UEC icon
1136
Uranium Energy
UEC
$5.54B
$3.43M 0.01%
293,940
-2,084
-0.7% -$27.4K
TEM
1137
Tempus AI
TEM
$9.8B
$3.42M 0.01%
57,948
-4,015
-6% -$314K
BKH icon
1138
Black Hills Corp
BKH
$5.58B
$3.39M 0.01%
48,845
-3,352
-6% -$226K
BILL icon
1139
BILL Holdings
BILL
$4.85B
$3.37M 0.01%
61,719
+1,087
+2% +$55.8K
SLNO
1140
DELISTED
Soleno Therapeutics
SLNO
$3.36M 0.01%
72,482
+32,290
+80% +$1.77M
BEPC icon
1141
Brookfield Renewable
BEPC
$6.5B
$3.34M 0.01%
+86,945
New +$3.5M
SLGN icon
1142
Silgan Holdings
SLGN
$4.3B
$3.34M 0.01%
82,702
+73,942
+844% +$3M
BYD icon
1143
Boyd Gaming
BYD
$6.03B
$3.33M 0.01%
39,013
+1,670
+4% +$138K
LAD icon
1144
Lithia Motors
LAD
$8.32B
$3.31M 0.01%
9,971
-5,574
-36% -$1.77M
ASIC
1145
Ategrity Specialty Insurance
ASIC
$1.18B
$3.31M 0.01%
157,601
+32,601
+26% +$616K
COHU icon
1146
Cohu
COHU
$2.76B
$3.31M 0.01%
142,111
+68,358
+93% +$1.57M
OPCH icon
1147
Option Care Health
OPCH
$3.57B
$3.3M 0.01%
103,708
-22,153
-18% -$650K
AII
1148
American Integrity Insurance
AII
$449M
$3.3M 0.01%
158,559
-16,441
-9% -$366K
LUMN icon
1149
Lumen
LUMN
$6.6B
$3.3M 0.01%
424,622
+137,183
+48% +$1.13M
CELH icon
1150
Celsius Holdings
CELH
$7.28B
$3.3M 0.01%
72,055
-17,621
-20% -$888K
44 45
46
47 48

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State of Wisconsin Investment Board's Q4 2025 Portfolio in Review

As of Q4 2025, State of Wisconsin Investment Board held 2,613 positions worth $44.7B, up 2.6% from $43.6B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

State of Wisconsin Investment Board's Q4 2025 filing shows 247 new, 776 increased, 1,214 reduced and 248 closed positions. Its largest new stake was Royal Bank of Canada: 513,881 shares worth $87.7M. The largest sale was Apple, an estimated $112M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Financials and Communication Services.

  • State of Wisconsin Investment Board's largest Q4 2025 buy was Royal Bank of Canada: 513,881 shares worth $87.7M.
  • State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q4 2025, an estimated $201M increase.
  • State of Wisconsin Investment Board's biggest Q4 2025 reduction was Apple, cutting an estimated $112M.
  • State of Wisconsin Investment Board fully exited Xtrackers Harvest CSI 300 China A-Shares ETF in Q4 2025, selling an estimated $24.9M.
  • State of Wisconsin Investment Board's ten largest holdings make up 29% of its $44.7B portfolio in Q4 2025.
  • State of Wisconsin Investment Board opened 247 new positions and closed 248 in Q4 2025.
  • State of Wisconsin Investment Board's portfolio value rose 2.6% quarter-over-quarter to $44.7B.

Based on State of Wisconsin Investment Board's 13F filing for Q4 2025, filed 17 Feb 2026.