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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
-2.67%
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
$38.7B
AUM Growth
-$490M
(-1.2%)
Cap. Flow
+$1.41B
Cap. Flow
% of AUM
3.64%
Top 10 Holdings %
Top 10 Hldgs %
25.43%
Holding
2,386
New
123
Increased
1,235
Reduced
836
Closed
145
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$795M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 3 |
EFFE
Harbor Osmosis Emerging Markets Resource Efficient ETF
EFFE
|
+$105M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$90.4M |
| 5 |
EFFI
Harbor Osmosis International Resource Efficient ETF
EFFI
|
+$58.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$322M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$85.2M |
| 3 |
HEICO Corp Class A
HEI.A
|
+$34.6M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$26.5M |
| 5 |
ALTR
Altair Engineering Inc
ALTR
|
+$21.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.98% |
| 2 | Financials | 13.13% |
| 3 | Communication Services | 10.56% |
| 4 | Healthcare | 10.1% |
| 5 | Consumer Discretionary | 9.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.45T
| $1.96B | 5.07% |
8,835,636
+116,065
| +1% | +$26.9M |
|
2
Microsoft
MSFT
$3.73T
| $1.56B | 4.03% |
4,159,241
+97,803
| +2% | +$39.9M |
|
3
NVIDIA
NVDA
$5.27T
| $1.56B | 4.03% |
14,404,543
+348,855
| +2% | +$44.2M |
|
4
Amazon
AMZN
$2.94T
| $1.05B | 2.71% |
5,520,247
+149,158
| +3% | +$32.4M |
|
|
5
Alphabet (Google) Class A
GOOGL
$4.22T
| $873M | 2.26% |
5,646,794
+2,131,048
| +61% | +$386M |
|
|
6
Invesco S&P 500 Equal Weight ETF
RSP
$99.4B
| $794M | 2.05% |
4,584,878
+4,468,754
| +3,848% | +$795M |
|
7
Meta Platforms (Facebook)
META
$1.53T
| $731M | 1.89% |
1,268,260
+35,674
| +3% | +$23M |
|
8
Broadcom
AVGO
$1.97T
| $445M | 1.15% |
2,659,706
+116,115
| +5% | +$24.6M |
|
|
9
Alphabet (Google) Class C
GOOG
$4.21T
| $437M | 1.13% |
2,799,010
+7,366
| +0.3% | +$1.35M |
|
10
Tesla
TSLA
$1.31T
| $429M | 1.11% |
1,656,530
+60,512
| +4% | +$20.2M |
|
11
JPMorgan Chase
JPM
$963B
| $405M | 1.05% |
1,651,032
+33,893
| +2% | +$8.64M |
|
|
12
Berkshire Hathaway Class B
BRK.B
$1.11T
| $400M | 1.03% |
750,708
+14,667
| +2% | +$7.13M |
|
13
Eli Lilly
LLY
$1.08T
| $388M | 1% |
470,122
+6,710
| +1% | +$5.58M |
|
14
Visa
V
$677B
| $354M | 0.91% |
1,009,685
+46,393
| +5% | +$15.7M |
|
15
Harbor Human Capital Factor US Large Cap ETF
HAPI
$507M
| $337M | 0.87% |
9,871,200
| – | – |
|
16
Fox Class B
FOX
$23.2B
| $316M | 0.82% |
5,993,903
+132,928
| +2% | +$6.6M |
|
17
ExxonMobil
XOM
$657B
| $301M | 0.78% |
2,531,145
-1,031
| -0% | -$114K |
|
18
UnitedHealth
UNH
$366B
| $273M | 0.71% |
521,771
+5,446
| +1% | +$2.78M |
|
19
Mastercard
MA
$493B
| $266M | 0.69% |
484,890
+13,863
| +3% | +$7.55M |
|
20
Costco
COST
$418B
| $250M | 0.65% |
264,167
+9,506
| +4% | +$9.27M |
|
|
21
Berkshire Hathaway Class A
BRK.A
$1.11T
| $246M | 0.64% |
308
+124
| +67% | +$90.4M |
|
22
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.12B
| $244M | 0.63% |
5,045,925
+300
| +0% | +$14.4K |
|
23
Procter & Gamble
PG
$337B
| $242M | 0.63% |
1,420,944
+56,182
| +4% | +$9.41M |
|
24
Netflix
NFLX
$311B
| $235M | 0.61% |
2,517,800
+29,950
| +1% | +$2.85M |
|
25
Johnson & Johnson
JNJ
$625B
| $229M | 0.59% |
1,383,262
+28,532
| +2% | +$4.46M |
|
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LP
State of Wisconsin Investment Board's Q1 2025 Portfolio in Review
As of Q1 2025, State of Wisconsin Investment Board held 2,386 positions worth $38.7B, down 1.2% from $39.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
State of Wisconsin Investment Board deployed $1.41B of net new capital in Q1 2025, opening 123 new positions and adding to 1,235 existing holdings. Its largest new stake was Harbor Osmosis Emerging Markets Resource Efficient ETF: 5,140,000 shares worth $106M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 28% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was HEICO Corp Class A, an estimated $34.6M trimmed.
- State of Wisconsin Investment Board's largest Q1 2025 buy was Harbor Osmosis Emerging Markets Resource Efficient ETF: 5,140,000 shares worth $106M.
- State of Wisconsin Investment Board added most to Invesco S&P 500 Equal Weight ETF in Q1 2025, an estimated $795M increase.
- State of Wisconsin Investment Board's biggest Q1 2025 reduction was HEICO Corp Class A, cutting an estimated $34.6M.
- State of Wisconsin Investment Board fully exited iShares Bitcoin Trust in Q1 2025, selling an estimated $322M.
- State of Wisconsin Investment Board's ten largest holdings make up 25% of its $38.7B portfolio in Q1 2025.
- State of Wisconsin Investment Board opened 123 new positions and closed 145 in Q1 2025.
- State of Wisconsin Investment Board's portfolio value fell 1.2% quarter-over-quarter to $38.7B.
Based on State of Wisconsin Investment Board's 13F filing for Q1 2025, filed 15 May 2025.