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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 | |
|---|---|---|---|---|---|---|
2251
Sabre
SABR
$848M
| $67.6K | ﹤0.01% |
36,925
| – | – |
|
2252
Blend Labs
BLND
$350M
| $66.9K | ﹤0.01% |
18,335
-21,920
| -54% | -$78.7K |
|
2253
Under Armour Class C
UA
$2.23B
| $64.3K | ﹤0.01% |
13,311
-72,130
| -84% | -$403K |
|
|
TRUE
2254
DELISTED
TrueCar
TRUE
| $63.7K | ﹤0.01% |
34,600
-46,200
| -57% | -$93K |
|
2255
Torrid Holdings
CURV
$227M
| $61.8K | ﹤0.01% |
35,300
-53,787
| -60% | -$124K |
|
|
MCW
2256
DELISTED
Mister Car Wash
MCW
| $61.2K | ﹤0.01% |
+11,489
| New | +$67.7K |
|
2257
Opko Health
OPK
$1.04B
| $60.6K | ﹤0.01% |
39,097
+17,904
| +84% | +$24.6K |
|
2258
Arbutus Biopharma
ABUS
$908M
| $58.4K | ﹤0.01% |
+12,863
| New | +$47.2K |
|
2259
OraSure Technologies
OSUR
$269M
| $58.2K | ﹤0.01% |
+18,142
| New | +$56.9K |
|
|
OPTU
2260
Optimum Communications Inc
OPTU
$230M
| $54.5K | ﹤0.01% |
22,614
| – | – |
|
2261
Vestis
VSTS
$1.85B
| $49.7K | ﹤0.01% |
10,966
| – | – |
|
2262
Taboola.com
TBLA
$1.05B
| $47.7K | ﹤0.01% |
14,001
+3,676
| +36% | +$12.6K |
|
2263
Xerox
XRX
$410M
| $46.6K | ﹤0.01% |
12,396
-143,595
| -92% | -$635K |
|
|
ISPO
2264
DELISTED
Inspirato
ISPO
| $45.5K | ﹤0.01% |
15,358
| – | – |
|
2265
Standard BioTools
LAB
$307M
| $29.1K | ﹤0.01% |
22,379
+6,923
| +45% | +$9.07K |
|
2266
Agilon Health
AGL
$1.48B
| $28.8K | ﹤0.01% |
1,118
+262
| +31% | +$9.9K |
|
2267
New Fortress Energy
NFE
$93M
| $24.8K | ﹤0.01% |
11,201
-434,529
| -97% | -$1.24M |
|
2268
Clear Channel Outdoor Holdings
CCO
$1.19B
| $22.6K | ﹤0.01% |
14,322
| – | – |
|
2269
Polestar Automotive Holding UK
PSNY
$1.99B
| $22K | ﹤0.01% |
779
+385
| +98% | +$12.3K |
|
|
OLPX
2270
DELISTED
Olaplex Holdings
OLPX
| $19.7K | ﹤0.01% |
+15,061
| New | +$21.6K |
|
|
EONR.WS
2271
EON Resources Warrants
EONR.WS
$1.43M
| $16K | ﹤0.01% |
320,000
| – | – |
|
2272
Southland Holdings Warrants
SLND.WS
| $14.5K | ﹤0.01% |
75,000
| – | – |
|
2273
enGene Therapeutics Warrants
ENGNW
| $13.7K | ﹤0.01% |
19,049
-4,521
| -19% | -$3.43K |
|
|
ANNAW
2274
AleAnna Inc Warrant
ANNAW
$8.12M
| $12.5K | ﹤0.01% |
55,000
| – | – |
|
|
OBAWW
2275
Oxley Bridge Acquisition Ltd Warrants
OBAWW
$2.86M
| $2.13K | ﹤0.01% |
+12,500
| New | +$2.06K |
|
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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.