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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
+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
KTB icon
1176
Kontoor Brands
KTB
$4.51B
$2.61M 0.01%
39,498
+2,165
+6% +$140K
SNDK
1177
Sandisk
SNDK
$223B
$2.6M 0.01%
57,235
+23,326
+69% +$892K
SKYW icon
1178
Skywest
SKYW
$4.16B
$2.59M 0.01%
25,194
-237
-0.9% -$22.5K
IONQ icon
1179
IonQ
IONQ
$18.2B
$2.59M 0.01%
60,338
-9,720
-14% -$326K
PBH icon
1180
Prestige Consumer Healthcare
PBH
$2.43B
$2.58M 0.01%
32,265
-431
-1% -$36K
BFAM icon
1181
Bright Horizons
BFAM
$3.76B
$2.56M 0.01%
20,684
+41
+0.2% +$5.03K
ROIV icon
1182
Roivant Sciences
ROIV
$26.2B
$2.52M 0.01%
223,219
-14,144
-6% -$153K
CRSP icon
1183
CRISPR Therapeutics
CRSP
$5.22B
$2.51M 0.01%
51,565
-785
-1% -$30.4K
AMR icon
1184
Alpha Metallurgical Resources
AMR
$2.02B
$2.5M 0.01%
22,266
+6,763
+44% +$790K
IIPR icon
1185
Innovative Industrial Properties
IIPR
$1.67B
$2.5M 0.01%
45,270
+36,657
+426% +$2.01M
MLKN icon
1186
MillerKnoll
MLKN
$1.64B
$2.49M 0.01%
+128,380
New +$2.19M
CNMD icon
1187
CONMED
CNMD
$1.49B
$2.48M 0.01%
47,670
-1,088
-2% -$59.7K
ESE icon
1188
ESCO Technologies
ESE
$7.78B
$2.47M 0.01%
12,864
+8,901
+225% +$1.52M
GT icon
1189
Goodyear
GT
$1.78B
$2.47M 0.01%
238,012
-243,532
-51% -$2.58M
WGO icon
1190
Winnebago Industries
WGO
$915M
$2.47M 0.01%
85,043
+40,306
+90% +$1.32M
GPRE icon
1191
Green Plains
GPRE
$1.06B
$2.45M 0.01%
406,389
+209,946
+107% +$925K
POST icon
1192
Post Holdings
POST
$3.65B
$2.45M 0.01%
22,448
-5,554
-20% -$622K
SHAK icon
1193
Shake Shack
SHAK
$2.94B
$2.44M 0.01%
17,379
-14,403
-45% -$1.57M
PEB icon
1194
Pebblebrook Hotel Trust
PEB
$2.04B
$2.44M 0.01%
244,573
+106,164
+77% +$986K
ENPH icon
1195
Enphase Energy
ENPH
$5.39B
$2.44M 0.01%
61,576
-24,785
-29% -$1.14M
MMS icon
1196
Maximus
MMS
$2.94B
$2.44M 0.01%
34,767
-10,150
-23% -$713K
HRMY icon
1197
Harmony Biosciences
HRMY
$2.32B
$2.42M 0.01%
76,548
+5,658
+8% +$182K
MTW icon
1198
Manitowoc
MTW
$727M
$2.42M 0.01%
201,171
-54,100
-21% -$531K
SNCY
1199
DELISTED
Sun Country Airlines
SNCY
$2.42M 0.01%
205,560
+42,272
+26% +$465K
ALK icon
1200
Alaska Air
ALK
$5.3B
$2.41M 0.01%
48,774
-1,614
-3% -$78.4K
46 47
48
49 50

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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.