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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
+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 | |
|---|---|---|---|---|---|---|
1401
Dave & Buster's
PLAY
$361M
| $1.41M | ﹤0.01% |
46,737
+23,825
| +104% | +$538K |
|
|
RC
1402
Ready Capital
RC
$289M
| $1.4M | ﹤0.01% |
319,684
+212,480
| +198% | +$943K |
|
1403
Envista
NVST
$4.61B
| $1.39M | ﹤0.01% |
71,324
-42,779
| -37% | -$744K |
|
1404
Madison Square Garden
MSGS
$9.97B
| $1.39M | ﹤0.01% |
6,661
+35
| +0.5% | +$6.74K |
|
1405
Leggett & Platt
LEG
$1.29B
| $1.39M | ﹤0.01% |
155,815
+15,348
| +11% | +$132K |
|
1406
Capri Holdings
CPRI
$1.77B
| $1.39M | ﹤0.01% |
78,498
-266,550
| -77% | -$4.39M |
|
1407
Atlanticus Holdings
ATLC
$1.48B
| $1.39M | ﹤0.01% |
25,362
-1,468
| -5% | -$76.2K |
|
1408
Triumph Financial Inc
TFIN
$1.83B
| $1.39M | ﹤0.01% |
25,166
+5,041
| +25% | +$281K |
|
1409
Forestar Group
FOR
$1.49B
| $1.38M | ﹤0.01% |
69,241
+30,228
| +77% | +$597K |
|
1410
Sonoco
SON
$5.74B
| $1.38M | ﹤0.01% |
31,724
-3,894
| -11% | -$174K |
|
1411
PBF Energy
PBF
$8.81B
| $1.38M | ﹤0.01% |
63,688
-32,079
| -33% | -$610K |
|
1412
Verra Mobility
VRRM
$714M
| $1.37M | ﹤0.01% |
54,148
-3,207
| -6% | -$74.7K |
|
1413
Evolus
EOLS
$536M
| $1.37M | ﹤0.01% |
148,362
-11,430
| -7% | -$117K |
|
1414
Sabra Healthcare REIT
SBRA
$5.15B
| $1.37M | ﹤0.01% |
74,049
-46,697
| -39% | -$829K |
|
1415
Twist Bioscience
TWST
$7.85B
| $1.36M | ﹤0.01% |
37,039
-566
| -2% | -$19.6K |
|
1416
IDEAYA Biosciences
IDYA
$3.56B
| $1.36M | ﹤0.01% |
64,808
-5,023
| -7% | -$96.4K |
|
1417
Teekay
TK
$1.03B
| $1.35M | ﹤0.01% |
163,495
| – | – |
|
1418
Veracyte
VCYT
$3.59B
| $1.35M | ﹤0.01% |
49,891
-234
| -0.5% | -$6.78K |
|
1419
Bank OZK
OZK
$5.69B
| $1.35M | ﹤0.01% |
28,629
-6,835
| -19% | -$299K |
|
1420
EnerSys
ENS
$6.81B
| $1.35M | ﹤0.01% |
15,707
+1,682
| +12% | +$147K |
|
1421
Cars.com
CARS
$648M
| $1.34M | ﹤0.01% |
113,494
+90,373
| +391% | +$995K |
|
1422
Benchmark Electronics
BHE
$2.94B
| $1.34M | ﹤0.01% |
34,484
+5,285
| +18% | +$193K |
|
1423
FTAI Infrastructure
FIP
$533M
| $1.34M | ﹤0.01% |
216,602
+68,826
| +47% | +$348K |
|
1424
Dolby
DLB
$5.84B
| $1.33M | ﹤0.01% |
17,963
-369
| -2% | -$27.6K |
|
1425
Credit Acceptance
CACC
$5.99B
| $1.33M | ﹤0.01% |
2,612
+129
| +5% | +$63.4K |
|
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.