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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
+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
(+2.6%)
Cap. Flow
+$282M
Cap. Flow
% of AUM
0.63%
Top 10 Holdings %
Top 10 Hldgs %
28.98%
Holding
2,613
New
247
Increased
776
Reduced
1,214
Closed
248
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$201M |
| 2 |
Royal Bank of Canada
RY
|
+$78.9M |
| 3 |
Brookfield Renewable
BEP
|
+$77.7M |
| 4 |
Shopify
SHOP
|
+$70.6M |
| 5 |
Invesco Senior Loan ETF
BKLN
|
+$66.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$112M |
| 2 |
NVIDIA
NVDA
|
+$101M |
| 3 |
Zillow
ZG
|
+$101M |
| 4 |
Microsoft
MSFT
|
+$80.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
SUNC
1426
SunocoCorp LLC
SUNC
$3.89B
| $1.49M | ﹤0.01% |
+30,168
| New | +$1.52M |
|
1427
Teekay
TK
$1.03B
| $1.49M | ﹤0.01% |
164,452
-12,643
| -7% | -$116K |
|
1428
Wave Life Sciences
WVE
$1.02B
| $1.48M | ﹤0.01% |
87,141
+28,010
| +47% | +$285K |
|
|
GTM
1429
ZoomInfo Technologies
GTM
$1.25B
| $1.47M | ﹤0.01% |
144,785
+3,873
| +3% | +$39.9K |
|
|
SNCY
1430
DELISTED
Sun Country Airlines
SNCY
| $1.47M | ﹤0.01% |
102,228
-42,207
| -29% | -$540K |
|
1431
California Water Service
CWT
$3.09B
| $1.47M | ﹤0.01% |
33,894
-2,268
| -6% | -$103K |
|
1432
PACS Group
PACS
$7.2B
| $1.47M | ﹤0.01% |
+38,225
| New | +$839K |
|
|
PLGO
1433
Pelagos Insurance Capital
PLGO
$2.08B
| $1.46M | ﹤0.01% |
74,674
-100
| -0.1% | -$1.86K |
|
1434
Invesco
IVZ
$13.9B
| $1.46M | ﹤0.01% |
55,463
+21,459
| +63% | +$524K |
|
1435
Sabra Healthcare REIT
SBRA
$5.15B
| $1.43M | ﹤0.01% |
75,416
-33,072
| -30% | -$613K |
|
1436
Galicia Financial Group
GGAL
$7.1B
| $1.42M | ﹤0.01% |
+26,407
| New | +$1.24M |
|
1437
Janus International
JBI
$664M
| $1.42M | ﹤0.01% |
217,110
+4,585
| +2% | +$35.7K |
|
1438
Range Resources
RRC
$9.39B
| $1.41M | ﹤0.01% |
39,897
-8,154
| -17% | -$304K |
|
1439
Viper Energy
VNOM
$15.2B
| $1.41M | ﹤0.01% |
36,383
+20,257
| +126% | +$767K |
|
1440
Arcus Biosciences
RCUS
$3.67B
| $1.4M | ﹤0.01% |
58,835
+28,117
| +92% | +$574K |
|
|
CON
1441
Concentra Group Holdings
CON
$4.4B
| $1.4M | ﹤0.01% |
71,105
-41,401
| -37% | -$828K |
|
|
MAGN
1442
Magnera Corp
MAGN
$443M
| $1.4M | ﹤0.01% |
92,405
+7,418
| +9% | +$86K |
|
1443
Universal Technical Institute
UTI
$1.41B
| $1.39M | ﹤0.01% |
53,136
-7,734
| -13% | -$219K |
|
1444
Iridium Communications
IRDM
$5.26B
| $1.38M | ﹤0.01% |
79,512
-92,853
| -54% | -$1.64M |
|
1445
Pebblebrook Hotel Trust
PEB
$2.04B
| $1.38M | ﹤0.01% |
121,892
+32,658
| +37% | +$360K |
|
1446
BigBear.ai
BBAI
$1.6B
| $1.37M | ﹤0.01% |
253,878
+41,311
| +19% | +$270K |
|
|
ACLX
1447
DELISTED
Arcellx
ACLX
| $1.36M | ﹤0.01% |
20,918
-1,320
| -6% | -$105K |
|
|
NXDR
1448
Nextdoor Holdings
NXDR
$986M
| $1.36M | ﹤0.01% |
648,503
+119,013
| +22% | +$233K |
|
1449
Disc Medicine
IRON
$3.09B
| $1.36M | ﹤0.01% |
17,106
+4,733
| +38% | +$400K |
|
1450
Ultragenyx Pharmaceutical
RARE
$2.65B
| $1.35M | ﹤0.01% |
58,657
-22,281
| -28% | -$733K |
|
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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.