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
DCGO icon
2301
DocGo
DCGO
$66.2M
– –
-127,213
Closed -$336K
DEA
2302
Easterly Government Properties
DEA
$1.16B
– –
-4,412
Closed -$117K
DFS
2303
DELISTED
Discover Financial Services
DFS
– –
-148,817
Closed -$25.4M
EAF icon
2304
GrafTech
EAF
$201M
– –
-18,000
Closed -$157K
EFSC icon
2305
Enterprise Financial Services Corp
EFSC
$2.41B
– –
-3,990
Closed -$214K
ENOV icon
2306
Enovis
ENOV
$1.42B
– –
-5,950
Closed -$227K
ERAS icon
2307
Erasca
ERAS
$6.5B
– –
-14,855
Closed -$20.4K
EWG icon
2308
iShares MSCI Germany ETF
EWG
$1.67B
– –
-87,389
Closed -$3.24M
EWS icon
2309
iShares MSCI Singapore ETF
EWS
$1.16B
– –
-27,501
Closed -$653K
FARO
2310
DELISTED
Faro Technologies
FARO
– –
-182,314
Closed -$4.98M
GDOT icon
2311
Green Dot
GDOT
$766M
– –
-63,336
Closed -$535K
GIII icon
2312
G-III Apparel Group
GIII
$1.41B
– –
-25,962
Closed -$710K
GOGL
2313
DELISTED
Golden Ocean Group
GOGL
– –
-142,244
Closed -$1.14M
GRPN icon
2314
Groupon
GRPN
$901M
– –
-12,692
Closed -$238K
HAIN icon
2315
Hain Celestial
HAIN
$52.9M
– –
-228,346
Closed -$948K
HCI icon
2316
HCI Group
HCI
$2.28B
– –
-9,165
Closed -$1.37M
HCSG icon
2317
Healthcare Services Group
HCSG
$1.43B
– –
-39,970
Closed -$403K
HEES
2318
DELISTED
H&E Equipment Services
HEES
– –
-17,431
Closed -$1.65M
HUMA icon
2319
Humacyte
HUMA
$179M
– –
-242,794
Closed -$414K
IAUX
2320
i-80 Gold Corp
IAUX
$1.52B
– –
-102,100
Closed -$59.4K
IMKTA icon
2321
Ingles Markets
IMKTA
$1.66B
– –
-14,534
Closed -$947K
IRWD icon
2322
Ironwood Pharmaceuticals
IRWD
$714M
– –
-12,612
Closed -$18.5K
ITIC
2323
Investors Title Co
ITIC
$530M
– –
-1,865
Closed -$450K
JWN
2324
DELISTED
Nordstrom
JWN
– –
-10,190
Closed -$249K
KLG
2325
DELISTED
WK Kellogg Co
KLG
– –
-15,187
Closed -$303K
91 92
93
94 95

Similar funds

WCM Investment Management
WCM Investment Management Laguna Beach, California $43.8B AUM 42.28% 1-Year Est. Return
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
Newport Trust Company
Newport Trust Company Washington, District of Columbia $40.7B AUM 24.62% 1-Year Est. Return
HF
HRT Financial New York $40.1B AUM 58.22% 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.