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
+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
AVT icon
1876
Avnet
AVT
$7.87B
$423K ﹤0.01%
8,089
+32
+0.4% +$1.72K
IHD
1877
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$134M
$423K ﹤0.01%
67,425
– –
SKYT
1878
DELISTED
SkyWater Technology
SKYT
$421K ﹤0.01%
22,549
-51,600
-70% -$596K
COUR icon
1879
Coursera
COUR
$1.53B
$420K ﹤0.01%
35,891
-12,993
-27% -$141K
HONE
1880
DELISTED
HarborOne Bancorp
HONE
$420K ﹤0.01%
30,900
-12,324
-29% -$154K
LMND icon
1881
Lemonade
LMND
$4.1B
$419K ﹤0.01%
7,823
+2,526
+48% +$123K
RCUS icon
1882
Arcus Biosciences
RCUS
$3.67B
$418K ﹤0.01%
30,718
– –
UPST icon
1883
Upstart Holdings
UPST
$3.01B
$416K ﹤0.01%
8,196
+53
+0.7% +$3.73K
WTM icon
1884
White Mountains Insurance
WTM
$5.11B
$416K ﹤0.01%
249
+7
+3% +$12.5K
EQBK icon
1885
Equity Bancshares
EQBK
$1.07B
$416K ﹤0.01%
10,219
-3,626
-26% -$147K
USLM icon
1886
United States Lime & Minerals
USLM
$3.37B
$416K ﹤0.01%
3,160
+863
+38% +$99.6K
XIFR
1887
XPLR Infrastructure LP
XIFR
$1.09B
$415K ﹤0.01%
40,837
-5,450
-12% -$52.7K
TYRA icon
1888
Tyra Biosciences
TYRA
$1.49B
$415K ﹤0.01%
29,648
-46,801
-61% -$534K
BKD icon
1889
Brookdale Senior Living
BKD
$3B
$414K ﹤0.01%
48,858
-11,579
-19% -$88.2K
RICK icon
1890
RCI Hospitality Holdings
RICK
$230M
$413K ﹤0.01%
+13,551
New +$485K
ODC icon
1891
Oil-Dri
ODC
$1.27B
$413K ﹤0.01%
+6,759
New +$410K
PMT
1892
PennyMac Mortgage Investment
PMT
$828M
$410K ﹤0.01%
33,452
-32,375
-49% -$400K
VPG icon
1893
Vishay Precision Group
VPG
$908M
$410K ﹤0.01%
12,793
-5,500
-30% -$159K
ASB icon
1894
Associated Banc-Corp
ASB
$6.07B
$409K ﹤0.01%
15,916
+127
+0.8% +$3.25K
FMBH icon
1895
First Mid Bancshares
FMBH
$1.39B
$409K ﹤0.01%
10,802
-10,951
-50% -$427K
ZVRA icon
1896
Zevra Therapeutics
ZVRA
$664M
$409K ﹤0.01%
+43,026
New +$432K
CCSI icon
1897
Consensus Cloud Solutions
CCSI
$717M
$408K ﹤0.01%
13,900
-1,619
-10% -$40.1K
APPS icon
1898
Digital Turbine
APPS
$1.53B
$407K ﹤0.01%
+63,572
New +$316K
WSBF icon
1899
Waterstone Financial
WSBF
$385M
$406K ﹤0.01%
26,000
-2,400
-8% -$34.4K
CIO
1900
DELISTED
City Office REIT
CIO
$400K ﹤0.01%
57,500
-48,000
-45% -$317K
74 75
76
77 78

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 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.