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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 | |
|---|---|---|---|---|---|---|
1501
Nurix Therapeutics
NRIX
$2.82B
| $1.06M | ﹤0.01% |
93,400
-996
| -1% | -$10.8K |
|
1502
Landstar System
LSTR
$6.4B
| $1.06M | ﹤0.01% |
7,622
-4,563
| -37% | -$633K |
|
|
HTO
1503
H2O America
HTO
$2.65B
| $1.05M | ﹤0.01% |
20,291
-427
| -2% | -$22.7K |
|
1504
Western Union
WU
$2.34B
| $1.05M | ﹤0.01% |
125,145
-23,102
| -16% | -$220K |
|
1505
Hawaiian Electric Industries
HE
$2.04B
| $1.05M | ﹤0.01% |
98,971
+19,940
| +25% | +$208K |
|
|
ACH
1506
Accendra Health
ACH
$84.6M
| $1.05M | ﹤0.01% |
115,176
+26,313
| +30% | +$194K |
|
1507
Pitney Bowes
PBI
$2.28B
| $1.05M | ﹤0.01% |
95,786
-30,611
| -24% | -$288K |
|
1508
Travere Therapeutics
TVTX
$5.79B
| $1.04M | ﹤0.01% |
70,559
-32,794
| -32% | -$544K |
|
1509
Perdoceo Education
PRDO
$1.99B
| $1.04M | ﹤0.01% |
31,877
-11,397
| -26% | -$338K |
|
|
KRMN
1510
Karman Holdings
KRMN
$8.02B
| $1.04M | ﹤0.01% |
+20,626
| New | +$830K |
|
1511
MiMedx Group
MDXG
$612M
| $1.04M | ﹤0.01% |
169,835
+22,004
| +15% | +$146K |
|
1512
Regional Management Corp
RM
$301M
| $1.03M | ﹤0.01% |
35,427
+7,552
| +27% | +$220K |
|
1513
Sonos
SONO
$1.96B
| $1.03M | ﹤0.01% |
95,559
+33,147
| +53% | +$322K |
|
1514
FMC
FMC
$1.27B
| $1.03M | ﹤0.01% |
24,694
-7,690
| -24% | -$305K |
|
|
SEI
1515
Solaris Energy Infrastructure
SEI
$3.94B
| $1.03M | ﹤0.01% |
36,442
-40,202
| -52% | -$947K |
|
1516
Astronics
ATRO
$4.57B
| $1.03M | ﹤0.01% |
36,908
+6,208
| +20% | +$145K |
|
1517
Edgewell Personal Care
EPC
$1.31B
| $1.03M | ﹤0.01% |
43,879
+24,952
| +132% | +$692K |
|
1518
Compass Diversified
CODI
$924M
| $1.03M | ﹤0.01% |
163,449
+135,689
| +489% | +$1.51M |
|
1519
BrightSpring Health Services
BTSG
$11.9B
| $1.03M | ﹤0.01% |
43,478
-42,382
| -49% | -$884K |
|
1520
Jack in the Box
JACK
$358M
| $1.02M | ﹤0.01% |
58,644
+44,590
| +317% | +$1M |
|
1521
Arrowhead Research
ARWR
$12.1B
| $1.02M | ﹤0.01% |
64,760
-1,571
| -2% | -$22.5K |
|
|
HI
1522
DELISTED
Hillenbrand
HI
| $1.02M | ﹤0.01% |
50,964
+28,169
| +124% | +$586K |
|
1523
Cheesecake Factory
CAKE
$5.57B
| $1.02M | ﹤0.01% |
16,207
-2,888
| -15% | -$154K |
|
1524
United Natural Foods
UNFI
$2.94B
| $1.01M | ﹤0.01% |
43,434
-37,038
| -46% | -$966K |
|
1525
Pricesmart
PSMT
$5.55B
| $1.01M | ﹤0.01% |
9,632
-1,156
| -11% | -$117K |
|
Similar funds
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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.