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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
+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
Cap. Flow
-$296M
Cap. Flow %
-0.68%
Top 10 Hldgs %
29.38%
Holding
2,561
New
248
Increased
889
Reduced
1,164
Closed
195

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$108M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$88M
3
ZG icon
Zillow
ZG
+$57.7M
4
BEP icon
Brookfield Renewable
BEP
+$55M
5
FOX icon
Fox Class B
FOX
+$45.1M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$53.8M
2
NVDA icon
NVIDIA
NVDA
+$52.1M
3
HES
Hess
HES
+$43.8M
4
MSFT icon
Microsoft
MSFT
+$41.6M
5
XHB icon
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
BBAI icon
1401
BigBear.ai
BBAI
$1.6B
$1.39M ﹤0.01%
212,567
+37,900
+22% +$243K
ZD icon
1402
Ziff Davis
ZD
$1.92B
$1.38M ﹤0.01%
36,288
-39,341
-52% -$1.38M
SIG icon
1403
Signet Jewelers
SIG
$3.59B
$1.38M ﹤0.01%
14,407
+2,997
+26% +$257K
VSAT icon
1404
Viasat
VSAT
$11.4B
$1.38M ﹤0.01%
47,037
+7,393
+19% +$177K
COGT icon
1405
Cogent Biosciences
COGT
$6.47B
$1.38M ﹤0.01%
95,893
-106,096
-53% -$1.26M
LTH icon
1406
Life Time Group Holdings
LTH
$9.9B
$1.38M ﹤0.01%
49,851
+34,966
+235% +$997K
SON icon
1407
Sonoco
SON
$5.77B
$1.38M ﹤0.01%
31,923
+199
+0.6% +$9.19K
HOG icon
1408
Harley-Davidson
HOG
$2.7B
$1.37M ﹤0.01%
49,182
+105
+0.2% +$2.82K
MYRG icon
1409
MYR Group
MYRG
$5.18B
$1.37M ﹤0.01%
6,573
+3,900
+146% +$728K
NTGR icon
1410
NETGEAR
NTGR
$658M
$1.36M ﹤0.01%
42,128
+10,732
+34% +$293K
MLR icon
1411
Miller Industries
MLR
$643M
$1.36M ﹤0.01%
33,633
-11,689
-26% -$492K
PTON icon
1412
Peloton Interactive
PTON
$2.44B
$1.36M ﹤0.01%
150,944
+70,077
+87% +$521K
PLGO
1413
Pelagos Insurance Capital
PLGO
$2.08B
$1.36M ﹤0.01%
74,774
+7,800
+12% +$130K
GEO icon
1414
The GEO Group
GEO
$4.14B
$1.35M ﹤0.01%
65,938
+33,484
+103% +$765K
ARDX icon
1415
Ardelyx
ARDX
$1.01B
$1.35M ﹤0.01%
245,138
-115,081
-32% -$625K
VRRM icon
1416
Verra Mobility
VRRM
$714M
$1.34M ﹤0.01%
54,233
+85
+0.2% +$2.1K
INDV icon
1417
Indivior Pharmaceuticals
INDV
$4.57B
$1.34M ﹤0.01%
+55,526
New +$1.16M
LOB icon
1418
Live Oak Bancshares
LOB
$1.98B
$1.33M ﹤0.01%
37,884
+18,168
+92% +$626K
CYRX icon
1419
CryoPort
CYRX
$766M
$1.33M ﹤0.01%
140,664
+88,500
+170% +$745K
FUL icon
1420
H.B. Fuller
FUL
$3.24B
$1.33M ﹤0.01%
22,466
+3,148
+16% +$189K
GRND icon
1421
Grindr
GRND
$2.76B
$1.33M ﹤0.01%
88,644
+9,444
+12% +$166K
UAA icon
1422
Under Armour
UAA
$2.3B
$1.32M ﹤0.01%
263,655
+244,196
+1,255% +$1.42M
BHE icon
1423
Benchmark Electronics
BHE
$2.94B
$1.31M ﹤0.01%
34,069
-415
-1% -$16.4K
CCC
1424
CCC Intelligent Solutions
CCC
$4.19B
$1.3M ﹤0.01%
142,516
-9,829
-6% -$95.1K
DAY
1425
DELISTED
Dayforce
DAY
$1.29M ﹤0.01%
18,789
-86,858
-82% -$5.41M
55 56
57
58 59

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LP
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HF
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RIM
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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.