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SOW

State of Wyoming Portfolio holdings

AUM $989M
1-Year Est. Return 52.24%
This Fund
S&P 500
This Quarter Est. Return
+14.97%
1 Year Est. Return
+52.24%
3 Year Est. Return
+130.83%
5 Year Est. Return
+163.43%
10 Year Est. Return
–
AUM
$877M
AUM Growth
+$58.9M
Cap. Flow
-$9.92M
Cap. Flow %
-1.13%
Top 10 Hldgs %
33.54%
Holding
2,117
New
288
Increased
758
Reduced
754
Closed
301

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$6.36M
2
V icon
Visa
V
+$2.14M
3
XOM icon
ExxonMobil
XOM
+$1.59M
4
TD icon
Toronto Dominion Bank
TD
+$1.36M
5
PDD icon
Pinduoduo
PDD
+$1.14M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$3.81M
2
OSCR icon
Oscar Health
OSCR
+$1.82M
3
RBLX icon
Roblox
RBLX
+$1.8M
4
CCO icon
Clear Channel Outdoor Holdings
CCO
+$1.79M
5
CSCO icon
Cisco
CSCO
+$1.79M

Sector Composition

Rank Sector Weight
1 Technology 17.86%
2 Industrials 12.05%
3 Financials 7.89%
4 Consumer Discretionary 7.83%
5 Healthcare 7.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MNKD icon
1976
MannKind Corp
MNKD
$1.26B
– –
-49,322
Closed -$184K
MPLX icon
1977
MPLX
MPLX
$59.5B
– –
-1,113
Closed -$57.3K
MRC
1978
DELISTED
MRC Global
MRC
– –
-18,433
Closed -$253K
MSB
1979
Mesabi Trust
MSB
$306M
– –
-16,985
Closed -$407K
NBBK icon
1980
NB Bancorp
NBBK
$989M
– –
-16,365
Closed -$292K
NCMI icon
1981
National CineMedia
NCMI
$370M
– –
-28,645
Closed -$139K
NGD
1982
DELISTED
New Gold Inc
NGD
– –
-26,600
Closed -$132K
NGL icon
1983
NGL Energy Partners
NGL
$2.14B
– –
-32,202
Closed -$138K
NHC icon
1984
National Healthcare
NHC
$3.46B
– –
-1,184
Closed -$127K
NKE icon
1985
Nike
NKE
$62.5B
– –
-4,597
Closed -$327K
NMRK icon
1986
Newmark Group
NMRK
$2.52B
– –
-25,093
Closed -$305K
NRC icon
1987
NRC Health Common Stock
NRC
$462M
– –
-8,820
Closed -$148K
NSC icon
1988
Norfolk Southern
NSC
$75B
– –
-259
Closed -$66.3K
NVAX icon
1989
Novavax
NVAX
$1.3B
– –
-8,209
Closed -$51.7K
NVEC icon
1990
NVE Corp
NVEC
$573M
– –
-1,878
Closed -$138K
NVO
1991
Novo Nordisk
NVO
$209B
– –
-950
Closed -$65.6K
NWE icon
1992
NorthWestern Energy
NWE
$4.38B
– –
-6,839
Closed -$351K
NWSA icon
1993
News Corp Class A
NWSA
$15.4B
– –
-10,929
Closed -$325K
OLO
1994
DELISTED
Olo Inc
OLO
– –
-8,954
Closed -$79.7K
ORGO icon
1995
Organogenesis Holdings
ORGO
$239M
– –
-87,176
Closed -$319K
ORI icon
1996
Old Republic International
ORI
$10.3B
– –
-8,816
Closed -$339K
OSPN icon
1997
OneSpan
OSPN
$603M
– –
-22,048
Closed -$368K
OSUR icon
1998
OraSure Technologies
OSUR
$276M
– –
-59,698
Closed -$179K
PAAS icon
1999
Pan American Silver
PAAS
$21.8B
– –
-7,711
Closed -$219K
PAGP icon
2000
Plains GP Holdings
PAGP
$4.98B
– –
-5,599
Closed -$109K
78 79
80
81 82

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LMC
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PCM
Polymer Capital Management New York $988M AUM 56.33% 1-Year Est. Return
KIA
Knollwood Investment Advisory Hunt Valley, Maryland $992M AUM 28.95% 1-Year Est. Return
PCM
Politan Capital Management New York $985M AUM 3.12% 1-Year Est. Return
SMM
Stadion Money Management Watkinsville, Georgia $994M AUM 15.96% 1-Year Est. Return
SWA
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GCM
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N
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State of Wyoming's Q3 2025 Portfolio in Review

As of Q3 2025, State of Wyoming held 2,117 positions worth $877M, up 7.2% from $818M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

State of Wyoming's Q3 2025 filing shows 288 new, 758 increased, 754 reduced and 301 closed positions. Its largest new stake was Pinduoduo: 9,620 shares worth $1.27M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $3.81M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Industrials and Financials.

  • State of Wyoming's largest Q3 2025 buy was Pinduoduo: 9,620 shares worth $1.27M.
  • State of Wyoming added most to Microsoft in Q3 2025, an estimated $6.36M increase.
  • State of Wyoming's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $3.81M.
  • State of Wyoming fully exited CyberArk in Q3 2025, selling an estimated $1.41M.
  • State of Wyoming's ten largest holdings make up 34% of its $877M portfolio in Q3 2025.
  • State of Wyoming opened 288 new positions and closed 301 in Q3 2025.
  • State of Wyoming's portfolio value rose 7.2% quarter-over-quarter to $877M.

Based on State of Wyoming's 13F filing for Q3 2025, filed 4 Nov 2025.