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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 | |
|---|---|---|---|---|---|---|
2201
Certara
CERT
$1.23B
| $154K | ﹤0.01% |
12,594
-926
| -7% | -$10.1K |
|
2202
Spire Global
SPIR
$549M
| $152K | ﹤0.01% |
+13,813
| New | +$143K |
|
|
FLOC
2203
Flowco Holdings
FLOC
$1.01B
| $152K | ﹤0.01% |
10,218
| – | – |
|
2204
Integra LifeSciences
IART
$1.43B
| $150K | ﹤0.01% |
+10,459
| New | +$143K |
|
2205
Vir Biotechnology
VIR
$1.53B
| $149K | ﹤0.01% |
26,163
+2,511
| +11% | +$12.8K |
|
2206
Monte Rosa Therapeutics
GLUE
$1.37B
| $147K | ﹤0.01% |
19,835
+9,400
| +90% | +$49.8K |
|
|
TIC
2207
TIC Solutions Inc
TIC
$2.23B
| $146K | ﹤0.01% |
+10,982
| New | +$125K |
|
2208
Compass Therapeutics
CMPX
$412M
| $145K | ﹤0.01% |
+41,400
| New | +$131K |
|
2209
NovaGold Resources
NG
$3.4B
| $144K | ﹤0.01% |
+16,345
| New | +$100K |
|
2210
1-800-Flowers.com
FLWS
$262M
| $143K | ﹤0.01% |
31,107
-118,700
| -79% | -$655K |
|
2211
Taysha Gene Therapies
TSHA
$1.95B
| $140K | ﹤0.01% |
+42,949
| New | +$122K |
|
2212
Omeros
OMER
$1.24B
| $138K | ﹤0.01% |
+33,678
| New | +$134K |
|
2213
Lionsgate Studios
LION
$3.53B
| $133K | ﹤0.01% |
19,316
-2,770
| -13% | -$17.8K |
|
2214
Eve Holding
EVEX
$965M
| $132K | ﹤0.01% |
+34,587
| New | +$184K |
|
2215
E.W. Scripps
SSP
$309M
| $132K | ﹤0.01% |
53,500
+500
| +0.9% | +$1.54K |
|
2216
Fulcrum Therapeutics
FULC
$282M
| $126K | ﹤0.01% |
+13,666
| New | +$98.9K |
|
|
ARI
2217
Apollo Commercial Real Estate
ARI
$887M
| $126K | ﹤0.01% |
12,411
-36,249
| -74% | -$369K |
|
2218
TMC The Metals Company
TMC
$1.91B
| $126K | ﹤0.01% |
19,707
-1,567
| -7% | -$9.4K |
|
2219
Unisys
UIS
$205M
| $125K | ﹤0.01% |
31,970
-76,900
| -71% | -$312K |
|
2220
Community Health Systems
CYH
$420M
| $123K | ﹤0.01% |
38,300
-551,970
| -94% | -$1.66M |
|
|
TEAD
2221
Teads Holding Co
TEAD
$63.8M
| $120K | ﹤0.01% |
72,550
-59,850
| -45% | -$127K |
|
2222
Clover Health Investments
CLOV
$2.37B
| $119K | ﹤0.01% |
38,930
| – | – |
|
|
CALY
2223
Callaway Golf Company
CALY
$2.98B
| $118K | ﹤0.01% |
12,454
-81,561
| -87% | -$758K |
|
2224
Target Hospitality
TH
$1.66B
| $118K | ﹤0.01% |
+13,917
| New | +$115K |
|
2225
Hope Bancorp
HOPE
$1.84B
| $117K | ﹤0.01% |
10,897
-2,227
| -17% | -$24.1K |
|
Similar funds
LP
HF
TI
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.