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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
+9.63%
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
$43.6B
AUM Growth
+$2.64B
(+6.5%)
Cap. Flow
-$296M
Cap. Flow
% of AUM
-0.68%
Top 10 Holdings %
Top 10 Hldgs %
29.38%
Holding
2,561
New
248
Increased
889
Reduced
1,164
Closed
195
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$108M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$88M |
| 3 |
Zillow
ZG
|
+$57.7M |
| 4 |
Brookfield Renewable
BEP
|
+$55M |
| 5 |
Fox Class B
FOX
|
+$45.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$53.8M |
| 2 |
NVIDIA
NVDA
|
+$52.1M |
| 3 |
HES
Hess
HES
|
+$43.8M |
| 4 |
Microsoft
MSFT
|
+$41.6M |
| 5 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$39.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.91% |
| 2 | Financials | 12.67% |
| 3 | Communication Services | 10.52% |
| 4 | Consumer Discretionary | 9.45% |
| 5 | Industrials | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
QuantumScape Corp
QS
$3.79B
| $1.52M | ﹤0.01% |
123,681
+45,683
| +59% | +$446K |
|
1377
Eagle Bancorp
EGBN
$877M
| $1.51M | ﹤0.01% |
+74,598
| New | +$1.45M |
|
1378
Mercury Insurance
MCY
$5.84B
| $1.51M | ﹤0.01% |
17,773
-28,038
| -61% | -$2.07M |
|
1379
Cohu
COHU
$2.76B
| $1.5M | ﹤0.01% |
73,753
-67,810
| -48% | -$1.37M |
|
1380
StoneX
SNEX
$8.05B
| $1.5M | ﹤0.01% |
33,341
+24,154
| +263% | +$1.03M |
|
1381
LSI Industries
LYTS
$890M
| $1.49M | ﹤0.01% |
63,306
-26,190
| -29% | -$532K |
|
1382
Penske Automotive Group
PAG
$14.3B
| $1.48M | ﹤0.01% |
8,519
-64
| -0.7% | -$11.4K |
|
1383
DoubleVerify
DV
$2.04B
| $1.47M | ﹤0.01% |
122,865
+22,341
| +22% | +$331K |
|
1384
Bank OZK
OZK
$5.69B
| $1.47M | ﹤0.01% |
28,866
+237
| +0.8% | +$12.1K |
|
1385
Installed Building Products
IBP
$6.46B
| $1.47M | ﹤0.01% |
5,951
+3,438
| +137% | +$816K |
|
1386
Madison Square Garden
MSGS
$9.97B
| $1.46M | ﹤0.01% |
6,448
-213
| -3% | -$43.7K |
|
1387
Ocular Therapeutix
OCUL
$2.22B
| $1.46M | ﹤0.01% |
125,194
-1,487
| -1% | -$17.8K |
|
1388
Teekay
TK
$1.03B
| $1.45M | ﹤0.01% |
177,095
+13,600
| +8% | +$108K |
|
1389
IBEX
IBEX
$470M
| $1.45M | ﹤0.01% |
35,734
-5,200
| -13% | -$165K |
|
1390
Kilroy Realty
KRC
$4.22B
| $1.44M | ﹤0.01% |
34,121
-16,043
| -32% | -$633K |
|
1391
Collegium Pharmaceutical
COLL
$913M
| $1.44M | ﹤0.01% |
41,154
+25,060
| +156% | +$871K |
|
1392
Clearway Energy Class C
CWEN
$7.06B
| $1.44M | ﹤0.01% |
50,962
+25
| +0% | +$757 |
|
1393
M/I Homes
MHO
$3.82B
| $1.44M | ﹤0.01% |
9,942
-13,512
| -58% | -$1.83M |
|
1394
ArcBest
ARCB
$3.28B
| $1.43M | ﹤0.01% |
20,522
-14,094
| -41% | -$1.06M |
|
1395
Agios Pharmaceuticals
AGIO
$2.04B
| $1.43M | ﹤0.01% |
35,573
-23,527
| -40% | -$885K |
|
|
CPRX
1396
DELISTED
Catalyst Pharmaceutical
CPRX
| $1.42M | ﹤0.01% |
72,028
-25,443
| -26% | -$523K |
|
1397
Sphere Entertainment
SPHR
$6.33B
| $1.42M | ﹤0.01% |
22,834
-305
| -1% | -$14.4K |
|
|
PSKY
1398
Paramount Skydance Corp
PSKY
$11.2B
| $1.42M | ﹤0.01% |
+74,926
| New | +$1.19M |
|
1399
Alarm.com
ALRM
$2.74B
| $1.41M | ﹤0.01% |
26,477
-12
| -0% | -$670 |
|
1400
Freshpet
FRPT
$3.48B
| $1.4M | ﹤0.01% |
25,315
+6,569
| +35% | +$407K |
|
Similar funds
LP
HF
RIM
State of Wisconsin Investment Board's Q3 2025 Portfolio in Review
As of Q3 2025, State of Wisconsin Investment Board held 2,561 positions worth $43.6B, up 6.5% from $41B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
State of Wisconsin Investment Board's Q3 2025 filing shows 248 new, 889 increased, 1,164 reduced and 195 closed positions. Its largest new stake was Brookfield Renewable: 2,134,542 shares worth $55M. The largest sale was Apple, an estimated $53.8M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Financials and Communication Services.
- State of Wisconsin Investment Board's largest Q3 2025 buy was Brookfield Renewable: 2,134,542 shares worth $55M.
- State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q3 2025, an estimated $108M increase.
- State of Wisconsin Investment Board's biggest Q3 2025 reduction was Apple, cutting an estimated $53.8M.
- State of Wisconsin Investment Board fully exited Hess in Q3 2025, selling an estimated $43.8M.
- State of Wisconsin Investment Board's ten largest holdings make up 29% of its $43.6B portfolio in Q3 2025.
- State of Wisconsin Investment Board opened 248 new positions and closed 195 in Q3 2025.
- State of Wisconsin Investment Board's portfolio value rose 6.5% quarter-over-quarter to $43.6B.
Based on State of Wisconsin Investment Board's 13F filing for Q3 2025, filed 14 Nov 2025.