We are live on ! Find out more
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
+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
Cap. Flow
-$1.49B
Cap. Flow %
-3.63%
Top 10 Hldgs %
27.58%
Holding
2,442
New
201
Increased
735
Reduced
1,331
Closed
129

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$390M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$107M
3
XHB icon
State Street SPDR S&P Homebuilders ETF
XHB
+$38M
4
COF icon
Capital One
COF
+$29.9M
5
LBRDA icon
Liberty Broadband Class A
LBRDA
+$28.6M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$398M
2
NVDA icon
NVIDIA
NVDA
+$120M
3
MSFT icon
Microsoft
MSFT
+$107M
4
AAPL icon
Apple
AAPL
+$94.7M
5
ZG icon
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
CSGS
1776
DELISTED
CSG Systems International
CSGS
$536K ﹤0.01%
+8,211
New +$512K
QCRH icon
1777
QCR Holdings
QCRH
$1.75B
$535K ﹤0.01%
7,876
+3,000
+62% +$201K
APGE icon
1778
Apogee Therapeutics
APGE
$10.2B
$534K ﹤0.01%
12,305
+3,814
+45% +$145K
SYBT icon
1779
Stock Yards Bancorp
SYBT
$2.64B
$534K ﹤0.01%
6,760
-4,422
-40% -$323K
ESQ icon
1780
Esquire Financial Holdings
ESQ
$1.59B
$533K ﹤0.01%
5,633
-2,542
-31% -$220K
IVZ icon
1781
Invesco
IVZ
$14.3B
$531K ﹤0.01%
33,690
-126,329
-79% -$1.81M
NOV icon
1782
NOV
NOV
$7.36B
$531K ﹤0.01%
42,727
+2,217
+5% +$27.9K
HMN icon
1783
Horace Mann Educators
HMN
$2.1B
$529K ﹤0.01%
12,317
-2,333
-16% -$98.3K
UPST icon
1784
Upstart Holdings
UPST
$3.01B
$527K ﹤0.01%
8,143
-5,403
-40% -$265K
SCL icon
1785
Stepan Co
SCL
$1.48B
$526K ﹤0.01%
+9,636
New +$509K
RCKY icon
1786
Rocky Brands
RCKY
$353M
$526K ﹤0.01%
23,700
+5,600
+31% +$107K
HUBG icon
1787
HUB Group
HUBG
$2.55B
$525K ﹤0.01%
15,718
+9,264
+144% +$311K
PRA
1788
DELISTED
ProAssurance
PRA
$525K ﹤0.01%
22,997
-10,975
-32% -$253K
UFCS icon
1789
United Fire Group
UFCS
$1.38B
$525K ﹤0.01%
18,292
+2,715
+17% +$75.9K
SYRE icon
1790
Spyre Therapeutics
SYRE
$8.98B
$525K ﹤0.01%
35,046
+145
+0.4% +$2.15K
QS icon
1791
QuantumScape Corp
QS
$3.79B
$524K ﹤0.01%
77,998
-38,285
-33% -$162K
CRUS icon
1792
Cirrus Logic
CRUS
$6.08B
$523K ﹤0.01%
5,019
-455
-8% -$44.6K
TRNS icon
1793
Transcat
TRNS
$888M
$523K ﹤0.01%
+6,085
New +$497K
CNOB icon
1794
Center Bancorp
CNOB
$1.81B
$523K ﹤0.01%
22,582
-8,955
-28% -$204K
ALIT icon
1795
Alight
ALIT
$394M
$522K ﹤0.01%
4,609
+2,453
+114% +$263K
RGP icon
1796
Resources Connection
RGP
$145M
$521K ﹤0.01%
97,104
+800
+0.8% +$4.34K
LBRT icon
1797
Liberty Energy
LBRT
$3.45B
$521K ﹤0.01%
45,342
+28,946
+177% +$351K
WSBC icon
1798
WesBanco
WSBC
$4.1B
$520K ﹤0.01%
16,427
+6,398
+64% +$194K
VMEO
1799
DELISTED
Vimeo
VMEO
$517K ﹤0.01%
127,977
-119,730
-48% -$554K
MBI icon
1800
MBIA
MBI
$262M
$517K ﹤0.01%
119,111
+23,227
+24% +$103K
70 71
72
73 74

Similar funds

Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $43.4B AUM 51.29% 1-Year Est. Return
PEAK6
PEAK6 Chicago, Illinois $42.6B AUM 66.24% 1-Year Est. Return
TCI Fund Management
TCI Fund Management London, United Kingdom $45.2B AUM 12.74% 1-Year Est. Return
LP
LMR Partners London, United Kingdom $45.4B AUM 60.47% 1-Year Est. Return
Holocene Advisors
Holocene Advisors New York $41.5B AUM 42.97% 1-Year Est. Return
HF
HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return
Aristotle Capital Management
Aristotle Capital Management Los Angeles, California $47.8B AUM 13.38% 1-Year Est. Return
Fayez Sarofim & Co
Fayez Sarofim & Co Houston, Texas $39.1B AUM 15.14% 1-Year Est. Return

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.