We are live on
!
Find out more
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
(+5.8%)
Cap. Flow
-$1.49B
Cap. Flow
% of AUM
-3.63%
Top 10 Holdings %
Top 10 Hldgs %
27.58%
Holding
2,442
New
201
Increased
735
Reduced
1,331
Closed
129
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$390M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$107M |
| 3 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$38M |
| 4 |
Capital One
COF
|
+$29.9M |
| 5 |
Liberty Broadband Class A
LBRDA
|
+$28.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$398M |
| 2 |
NVIDIA
NVDA
|
+$120M |
| 3 |
Microsoft
MSFT
|
+$107M |
| 4 |
Apple
AAPL
|
+$94.7M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1276
Phibro Animal Health
PAHC
$1.37B
| $1.97M | ﹤0.01% |
76,960
+18,647
| +32% | +$407K |
|
1277
NorthWestern Energy
NWE
$4.4B
| $1.96M | ﹤0.01% |
38,178
-1,836
| -5% | -$101K |
|
|
DCH
1278
Dauch Corp
DCH
$1.61B
| $1.94M | ﹤0.01% |
476,629
+396,108
| +492% | +$1.6M |
|
1279
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
TLTE
$352M
| $1.94M | ﹤0.01% |
33,057
| – | – |
|
1280
Organogenesis Holdings
ORGO
$226M
| $1.93M | ﹤0.01% |
527,163
+263,489
| +100% | +$982K |
|
1281
Quanterix
QTRX
$139M
| $1.93M | ﹤0.01% |
289,759
+161,751
| +126% | +$901K |
|
|
CSR
1282
Centerspace
CSR
$925M
| $1.93M | ﹤0.01% |
32,009
-565
| -2% | -$34.7K |
|
1283
Cleveland-Cliffs
CLF
$6.99B
| $1.92M | ﹤0.01% |
252,507
+8,743
| +4% | +$65K |
|
1284
Kite Realty
KRG
$5.27B
| $1.91M | ﹤0.01% |
84,528
-9,142
| -10% | -$201K |
|
1285
BlueLinx
BXC
$701M
| $1.91M | ﹤0.01% |
25,642
+22,030
| +610% | +$1.54M |
|
1286
Nu Skin
NUS
$236M
| $1.9M | ﹤0.01% |
237,964
+51,011
| +27% | +$358K |
|
1287
Burford Capital
BUR
$968M
| $1.9M | ﹤0.01% |
+133,323
| New | +$1.74M |
|
1288
Marathon Digital Holdings
MARA
$3.56B
| $1.9M | ﹤0.01% |
120,992
+31,126
| +35% | +$446K |
|
|
AAT
1289
American Assets Trust
AAT
$1.39B
| $1.89M | ﹤0.01% |
95,896
+44,284
| +86% | +$861K |
|
1290
Urban Outfitters
URBN
$6.63B
| $1.89M | ﹤0.01% |
26,075
-2,449
| -9% | -$147K |
|
1291
Sarepta Therapeutics
SRPT
$1.94B
| $1.89M | ﹤0.01% |
110,464
+36,245
| +49% | +$1.55M |
|
1292
Compass Minerals
CMP
$1.12B
| $1.89M | ﹤0.01% |
93,976
+284
| +0.3% | +$4.59K |
|
1293
Avista
AVA
$3.23B
| $1.89M | ﹤0.01% |
49,738
-717
| -1% | -$28.3K |
|
1294
National Healthcare
NHC
$3.47B
| $1.89M | ﹤0.01% |
17,639
+8,822
| +100% | +$882K |
|
1295
Old Republic International
ORI
$10.3B
| $1.88M | ﹤0.01% |
49,007
-1,969
| -4% | -$74.1K |
|
1296
Gray Television
GTN
$520M
| $1.88M | ﹤0.01% |
415,199
+217,300
| +110% | +$842K |
|
1297
TeraWulf
WULF
$8.14B
| $1.87M | ﹤0.01% |
425,961
-256,375
| -38% | -$876K |
|
1298
Range Resources
RRC
$9.39B
| $1.86M | ﹤0.01% |
45,723
-9,309
| -17% | -$351K |
|
1299
GATX Corp
GATX
$6.34B
| $1.86M | ﹤0.01% |
12,099
-1,634
| -12% | -$245K |
|
1300
Crinetics Pharmaceuticals
CRNX
$8.96B
| $1.86M | ﹤0.01% |
64,587
+1,032
| +2% | +$31.9K |
|
Similar funds
LP
HF
RIM
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.