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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 | |
|---|---|---|---|---|---|---|
1676
Manitowoc
MTW
$753M
| $656K | ﹤0.01% |
65,499
-135,672
| -67% | -$1.51M |
|
1677
Middleby
MIDD
$5.29B
| $648K | ﹤0.01% |
4,872
-20,275
| -81% | -$2.82M |
|
1678
AdaptHealth
AHCO
$760M
| $646K | ﹤0.01% |
72,212
-31,053
| -30% | -$288K |
|
1679
Healthcare Services Group
HCSG
$1.45B
| $644K | ﹤0.01% |
+38,243
| New | +$569K |
|
|
AL
1680
DELISTED
Air Lease Corp
AL
| $643K | ﹤0.01% |
10,106
-16,485
| -62% | -$985K |
|
1681
Bit Digital
BTBT
$520M
| $639K | ﹤0.01% |
+212,865
| New | +$646K |
|
1682
MBIA
MBI
$262M
| $636K | ﹤0.01% |
85,413
-33,698
| -28% | -$214K |
|
1683
Latham Group
SWIM
$889M
| $634K | ﹤0.01% |
83,334
-61,028
| -42% | -$449K |
|
1684
QuidelOrtho
QDEL
$1.03B
| $633K | ﹤0.01% |
21,500
-18,939
| -47% | -$518K |
|
1685
JELD-WEN Holding
JELD
$170M
| $633K | ﹤0.01% |
128,853
-391,994
| -75% | -$2.1M |
|
1686
Boise Cascade
BCC
$2.94B
| $632K | ﹤0.01% |
8,180
-29,046
| -78% | -$2.49M |
|
1687
Allient
ALNT
$1.86B
| $631K | ﹤0.01% |
+14,101
| New | +$603K |
|
1688
Perimeter Solutions
PRM
$5.53B
| $630K | ﹤0.01% |
28,127
+14,282
| +103% | +$271K |
|
1689
Village Super Market
VLGEA
$638M
| $628K | ﹤0.01% |
16,800
+1,100
| +7% | +$40.4K |
|
1690
Petco
WOOF
$817M
| $626K | ﹤0.01% |
+161,878
| New | +$542K |
|
1691
Nature's Sunshine
NATR
$269M
| $625K | ﹤0.01% |
40,300
+13,300
| +49% | +$213K |
|
1692
Beazer Homes USA
BZH
$874M
| $625K | ﹤0.01% |
25,449
-673
| -3% | -$16.5K |
|
1693
Hanover Insurance
THG
$7.77B
| $623K | ﹤0.01% |
3,431
-671
| -16% | -$115K |
|
1694
PBF Energy
PBF
$8.81B
| $622K | ﹤0.01% |
20,632
-43,056
| -68% | -$1.13M |
|
|
TWFG
1695
TWFG Inc
TWFG
$1.46B
| $620K | ﹤0.01% |
22,610
| – | – |
|
1696
IDT Corp
IDT
$1.67B
| $620K | ﹤0.01% |
11,848
+2,592
| +28% | +$162K |
|
1697
Alico
ALCO
$304M
| $619K | ﹤0.01% |
17,849
-248
| -1% | -$8.23K |
|
1698
Sensata Technologies
ST
$6.61B
| $619K | ﹤0.01% |
20,248
-151
| -0.7% | -$4.77K |
|
1699
Viper Energy
VNOM
$14.8B
| $616K | ﹤0.01% |
16,126
-23,506
| -59% | -$896K |
|
1700
Trinity Industries
TRN
$2.34B
| $616K | ﹤0.01% |
21,972
-660
| -3% | -$18.2K |
|
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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.