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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 | |
|---|---|---|---|---|---|---|
2151
Northeast Community Bancorp
NECB
$371M
| $214K | ﹤0.01% |
10,400
-2,000
| -16% | -$44.1K |
|
2152
Investar Holding Corp
ISTR
$425M
| $214K | ﹤0.01% |
+9,200
| New | +$206K |
|
2153
SSR Mining
SSRM
$6.49B
| $212K | ﹤0.01% |
+8,675
| New | +$147K |
|
2154
Arbor Realty Trust
ABR
$985M
| $211K | ﹤0.01% |
17,294
-58,816
| -77% | -$684K |
|
2155
HNI Corp
HNI
$3.57B
| $211K | ﹤0.01% |
4,501
-9,639
| -68% | -$456K |
|
2156
Knowles
KN
$3.23B
| $210K | ﹤0.01% |
+9,024
| New | +$185K |
|
2157
TriNet
TNET
$3.2B
| $209K | ﹤0.01% |
3,132
-32
| -1% | -$2.18K |
|
2158
Cerence
CRNC
$389M
| $209K | ﹤0.01% |
+16,791
| New | +$172K |
|
2159
uniQure
QURE
$3.26B
| $208K | ﹤0.01% |
+3,568
| New | +$64.8K |
|
2160
Horizon Bancorp
HBNC
$1.05B
| $208K | ﹤0.01% |
12,982
-31,700
| -71% | -$508K |
|
2161
IPG Photonics
IPGP
$3.57B
| $207K | ﹤0.01% |
+2,616
| New | +$204K |
|
2162
Minerals Technologies
MTX
$2.26B
| $207K | ﹤0.01% |
3,333
-13,653
| -80% | -$833K |
|
2163
ATN International
ATNI
$492M
| $207K | ﹤0.01% |
13,800
-8,800
| -39% | -$145K |
|
2164
Tucows
TCX
$134M
| $206K | ﹤0.01% |
11,100
+600
| +6% | +$11.6K |
|
2165
Enerpac Tool Group
EPAC
$1.89B
| $206K | ﹤0.01% |
5,015
-6,793
| -58% | -$274K |
|
2166
Consolidated Water Co
CWCO
$502M
| $205K | ﹤0.01% |
+5,804
| New | +$185K |
|
2167
Kelly Services Class A
KELYA
$564M
| $205K | ﹤0.01% |
15,600
-27,861
| -64% | -$372K |
|
2168
RingCentral
RNG
$5.69B
| $204K | ﹤0.01% |
7,212
+87
| +1% | +$2.53K |
|
2169
Trustmark
TRMK
$2.8B
| $204K | ﹤0.01% |
+5,157
| New | +$201K |
|
2170
Design Therapeutics
DSGN
$900M
| $204K | ﹤0.01% |
27,062
-1,600
| -6% | -$8.01K |
|
2171
Independent Bank Corp
IBCP
$854M
| $203K | ﹤0.01% |
6,542
-5,200
| -44% | -$168K |
|
2172
Enovis
ENOV
$1.48B
| $202K | ﹤0.01% |
+6,642
| New | +$201K |
|
2173
OppFi
OPFI
$608M
| $196K | ﹤0.01% |
17,330
+3,600
| +26% | +$40.4K |
|
2174
Park Hotels & Resorts
PK
$3.02B
| $193K | ﹤0.01% |
17,459
-1,334
| -7% | -$15K |
|
|
RWT
2175
Redwood Trust
RWT
$597M
| $192K | ﹤0.01% |
33,200
-46,832
| -59% | -$280K |
|
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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.