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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
HRMY icon
1201
Harmony Biosciences
HRMY
$2.32B
$2.72M 0.01%
72,673
-1,900
-3% -$62.5K
HLF icon
1202
Herbalife
HLF
$1.23B
$2.72M 0.01%
210,874
-81,150
-28% -$859K
WHR icon
1203
Whirlpool
WHR
$2.79B
$2.72M 0.01%
37,663
+9,825
+35% +$725K
BCRX icon
1204
BioCryst Pharmaceuticals
BCRX
$2.71B
$2.71M 0.01%
347,190
-28,661
-8% -$207K
PENN icon
1205
PENN Entertainment
PENN
$2.57B
$2.67M 0.01%
180,865
+35,573
+24% +$555K
GOLD
1206
Gold.com Inc
GOLD
$1.27B
$2.66M 0.01%
78,173
+31,315
+67% +$894K
BTU icon
1207
Peabody Energy
BTU
$3.01B
$2.66M 0.01%
89,578
+895
+1% +$26.3K
TGTX icon
1208
TG Therapeutics
TGTX
$7.58B
$2.66M 0.01%
89,077
-76,183
-46% -$2.49M
DSGX icon
1209
Descartes Systems
DSGX
$6.62B
$2.65M 0.01%
+30,200
New +$2.7M
LEVI icon
1210
Levi Strauss
LEVI
$8.64B
$2.65M 0.01%
127,532
+30,878
+32% +$665K
SKYW icon
1211
Skywest
SKYW
$4.16B
$2.64M 0.01%
26,281
+1,161
+5% +$116K
COGT icon
1212
Cogent Biosciences
COGT
$6.76B
$2.64M 0.01%
74,226
-21,667
-23% -$609K
MAN icon
1213
ManpowerGroup
MAN
$2.61B
$2.63M 0.01%
88,621
+2,469
+3% +$77.1K
PRCT icon
1214
Procept Biorobotics
PRCT
$1.26B
$2.63M 0.01%
83,719
+19,128
+30% +$634K
CPB icon
1215
Campbell Soup
CPB
$6.94B
$2.63M 0.01%
94,211
-56,980
-38% -$1.71M
FOLD
1216
DELISTED
Amicus Therapeutics
FOLD
$2.62M 0.01%
184,334
-307,612
-63% -$3.02M
TARS icon
1217
Tarsus Pharmaceuticals
TARS
$3.07B
$2.61M 0.01%
31,912
+332
+1% +$24.8K
ALKS icon
1218
Alkermes
ALKS
$8.44B
$2.61M 0.01%
93,233
-6,703
-7% -$201K
GLIBA
1219
Liberty Capital Corp Series A GCI Group Common Stock
GLIBA
$1.03B
$2.61M 0.01%
70,692
-2,625
-4% -$92.1K
PLAB icon
1220
Photronics
PLAB
$1.97B
$2.61M 0.01%
81,436
-34,642
-30% -$894K
BOX icon
1221
Box
BOX
$4.48B
$2.6M 0.01%
86,858
-4,272
-5% -$134K
SCHL icon
1222
Scholastic
SCHL
$784M
$2.6M 0.01%
87,595
-8,065
-8% -$231K
CRNX icon
1223
Crinetics Pharmaceuticals
CRNX
$8.96B
$2.59M 0.01%
55,561
-1,464
-3% -$65.2K
ALGM icon
1224
Allegro MicroSystems
ALGM
$7.92B
$2.57M 0.01%
97,609
-14,230
-13% -$392K
ARCB icon
1225
ArcBest
ARCB
$3.14B
$2.57M 0.01%
34,670
+14,148
+69% +$1.01M
47 48
49
50 51

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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.