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Asset Manager ← All Institutions

STATE OF WISCONSIN INVESTMENT BOARD

Q2 2025 · Filed 2025-08-14
Market Value
$40.3B
+5.5%
Holdings
2,322
+11
New Purchases
147
Added To
720
Closed
119
Reduced
1,298
Top 10 Concentration
28.1%
Turnover
11.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 5.28% 4.09% +1.19% $2.1B
RSP 3.09% 2.08% +1.01% $1.2B
MSFT 4.83% 4.09% +0.74% $1.9B
AVGO 1.71% 1.17% +0.54% $689M
META 2.21% 1.92% +0.30% $890M
NFLX 0.81% 0.62% +0.19% $326M
ARKK 0.47% 0.28% +0.19% $188M
BRK-A 0.81% 0.64% +0.17% $327M
ORCL 0.49% 0.35% +0.14% $197M
PLTR 0.39% 0.26% +0.13% $158M
AMZN 2.86% 2.75% +0.10% $1.1B
TSLA 1.23% 1.12% +0.10% $494M
COF 0.20% 0.11% +0.10% $82M
XHB 0.10% 0.00% +0.10% $39M
LBRDA 0.24% 0.15% +0.09% $96M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 1.41% 2.29% -0.88% $567M
AAPL 4.26% 5.14% -0.88% $1.7B
UNH 0.39% 0.72% -0.32% $159M
BRK-B 0.87% 1.05% -0.18% $349M
LLY 0.85% 1.02% -0.17% $342M
ZG 0.22% 0.38% -0.16% $89M
XOM 0.63% 0.79% -0.16% $254M
PG 0.51% 0.63% -0.12% $207M
ABBV 0.44% 0.56% -0.12% $179M
CVX 0.32% 0.42% -0.11% $127M
JNJ 0.51% 0.60% -0.09% $205M
TMO 0.21% 0.30% -0.09% $84M
EEM 0.31% 0.39% -0.09% $123M
LIN 0.30% 0.38% -0.09% $120M
V 0.85% 0.93% -0.08% $342M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 61 $17.8B 44.2%
Large Cap 689 $17.2B 42.7%
Mid Cap 841 $3.7B 9.2%
Small Cap 633 $1.4B 3.5%
Micro Cap 98 $171M 0.4%

Portfolio Analytics

Avg Market Cap
$37.6B
Median Market Cap
$4.4B
Avg P/E
33.9
Median P/E
21.7
Avg Dividend Yield
0.02%
Avg Beta
1.10
# Stocks
2,273
# ETFs / Funds
49

Top Holdings (2,322 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.28% 13,449,309 $2.1B $157.99 $564M -955,234 -6.6%
2 MSFT 4.83% 3,912,383 $1.9B $497.41 $385M -246,858 -5.9%
3 AAPL 4.26% 8,366,836 $1.7B $205.17 -$246M -468,800 -5.3%
4 RSP 3.09% 6,845,838 $1.2B $181.74 $450M +2,260,960 +49.3%
5 AMZN 2.86% 5,240,477 $1.1B $219.39 $99M -279,770 -5.1%
6 META 2.21% 1,205,990 $890M $738.09 $159M -62,270 -4.9%
7 AVGO 1.71% 2,499,071 $689M $275.65 $244M -160,635 -6.0%
8 GOOGL 1.41% 3,215,595 $567M $176.23 -$307M -2,431,199 -43.0%
9 TSLA 1.23% 1,553,682 $494M $317.66 $64M -102,848 -6.2%
10 GOOG 1.20% 2,718,173 $482M $177.39 $45M -80,837 -2.9%
11 JPM 1.10% 1,531,660 $444M $289.91 $39M -119,372 -7.2%
12 HAPI 0.94% 9,871,200 $377M $38.18 $40M
13 BRK-B 0.87% 719,210 $349M $485.77 -$50M -31,498 -4.2%
14 LLY 0.85% 438,948 $342M $779.53 -$46M -31,174 -6.6%
15 V 0.85% 962,127 $342M $355.05 -$12M -47,558 -4.7%
16 FOX 0.83% 6,458,170 $333M $51.63 $17M +464,267 +7.8%
17 BRK-A 0.81% 449 $327M $728,800.00 $81M +141 +45.8%
18 NFLX 0.81% 243,100 $326M $1,339.13 $91M -8,680 -3.5%
19 MA 0.64% 461,391 $259M $561.94 -$7M -23,499 -4.8%
20 XOM 0.63% 2,354,903 $254M $107.80 -$47M -176,242 -7.0%
21 ISTB 0.62% 5,128,625 $250M $48.65 $6M +82,700 +1.6%
22 COST 0.60% 245,415 $243M $989.94 -$7M -18,752 -7.1%
23 WMT 0.58% 2,383,099 $233M $97.78 $13M -128,619 -5.1%
24 HEI-A 0.55% 860,468 $223M $258.75 $28M -62,341 -6.8%
25 PG 0.51% 1,299,980 $207M $159.32 -$35M -120,964 -8.5%
26 JNJ 0.51% 1,342,850 $205M $152.75 -$24M -40,412 -2.9%
27 NWSA 0.50% 6,832,884 $203M $29.72 $28M +416,535 +6.5%
28 ORCL 0.49% 898,978 $197M $218.63 $65M -45,201 -4.8%
29 HD 0.48% 531,111 $195M $366.64 -$15M -42,137 -7.3%
30 BAC 0.47% 4,031,203 $191M $47.32 $18M -98,700 -2.4%
31 ARKK 0.47% 2,674,736 $188M $70.29 $82M +445,562 +20.0%
32 ABBV 0.44% 963,670 $179M $185.62 -$35M -57,538 -5.6%
33 CSCO 0.41% 2,364,527 $164M $69.38 $9M -141,210 -5.6%
34 PM 0.40% 889,822 $162M $182.13 $17M -22,150 -2.4%
35 KO 0.40% 2,249,236 $159M $70.75 -$12M -139,472 -5.8%
36 UNH 0.39% 508,822 $159M $311.97 -$115M -12,949 -2.5%
37 PLTR 0.39% 1,158,561 $158M $136.32 $58M -25,768 -2.2%
38 GE 0.39% 612,003 $158M $257.39 $23M -60,204 -9.0%
39 IBM 0.38% 513,766 $151M $294.78 $18M -21,556 -4.0%
40 CRM 0.37% 542,706 $148M $272.69 -$5M -25,729 -4.5%
41 WFC 0.35% 1,743,440 $140M $80.12 $3M -160,765 -8.4%
42 INTU 0.32% 162,979 $128M $787.63 $28M -1,236 -0.8%
43 0JUJ.L 0.32% 1,351,443 $128M $94.96 $20M +16,627 +1.2%
44 HAPS 0.32% 4,520,000 $128M $28.29 $7M
45 CVX 0.32% 886,530 $127M $143.19 -$34M -73,030 -7.6%
46 ABT 0.31% 927,094 $126M $136.01 -$4M -55,912 -5.7%
47 DIS 0.31% 1,005,818 $125M $124.01 $18M -75,443 -7.0%
48 EEM 0.31% 2,553,828 $123M $48.24 -$27M -882,800 -25.7%
49 AMD 0.31% 867,963 $123M $141.90 $29M -44,169 -4.8%
50 T 0.30% 4,172,029 $121M $28.94 $491K -80,017 -1.9%
51 LIN 0.30% 255,790 $120M $469.18 -$26M -58,782 -18.7%
52 NOW 0.29% 115,027 $118M $1,028.08 $22M -6,222 -5.1%
53 GS 0.29% 166,615 $118M $707.75 $18M -16,021 -8.8%
54 MRK 0.29% 1,484,036 $117M $79.16 -$22M -69,719 -4.5%
55 MCD 0.28% 382,243 $112M $292.17 -$14M -20,365 -5.1%
56 TXN 0.27% 529,850 $110M $207.62 $15M +1,751 +0.3%
57 ISRG 0.27% 201,750 $110M $543.41 -$771K -21,166 -9.5%
58 RTX 0.26% 722,657 $106M $146.02 $3M -52,724 -6.8%
59 AXP 0.26% 322,414 $103M $318.98 $8M -29,247 -8.3%
60 ACN 0.25% 343,012 $103M $298.89 -$10M -16,567 -4.6%
61 BKNG 0.25% 17,532 $101M $5,789.24 $16M -1,069 -5.8%
62 CAT 0.25% 261,027 $101M $388.21 $9M -17,621 -6.3%
63 VZ 0.25% 2,308,838 $100M $43.27 -$12M -148,043 -6.0%
64 UBER 0.24% 1,041,093 $97M $93.30 $9M -168,869 -14.0%
65 PEP 0.24% 732,695 $97M $132.04 -$23M -66,401 -8.3%
66 SPGI 0.24% 183,276 $97M $527.29 -$3M -12,219 -6.2%
67 LBRDA 0.24% 982,934 $96M $97.82 $40M +322,368 +48.8%
68 MS 0.24% 681,622 $96M $140.86 $8M -76,640 -10.1%
69 QCOM 0.24% 597,198 $95M $159.26 -$3M -42,750 -6.7%
70 SCHW 0.22% 989,628 $90M $91.24 $13M -2,954 -0.3%
71 ADBE 0.22% 232,789 $90M $386.88 -$4M -11,878 -4.8%
72 PGR 0.22% 333,650 $89M $266.86 -$20M -49,937 -13.0%
73 ZG 0.22% 1,295,090 $89M $68.49 -$56M -872,413 -40.2%
74 BSX 0.22% 806,736 $87M $107.41 -$2M -76,177 -8.6%
75 BLK 0.22% 82,523 $87M $1,049.25 $5M -3,163 -3.7%
76 BA 0.21% 410,984 $86M $209.53 $13M -19,179 -4.5%
77 C 0.21% 1,010,917 $86M $85.12 $8M -94,200 -8.5%
78 TMO 0.21% 207,660 $84M $405.46 -$30M -21,434 -9.4%
79 GEV 0.21% 157,572 $83M $529.15 $29M -19,469 -11.0%
80 COF 0.20% 386,004 $82M $212.76 $42M +160,246 +71.0%
81 AMAT 0.20% 446,332 $82M $183.07 $14M -22,386 -4.8%
82 HON 0.20% 346,695 $81M $232.88 $3M -18,771 -5.1%
83 AMGN 0.20% 287,168 $80M $279.21 -$14M -15,048 -5.0%
84 NEE 0.19% 1,124,408 $78M $69.42 -$6M -62,357 -5.2%
85 TJX 0.19% 618,529 $76M $123.49 -$1M -19,929 -3.1%
86 GILD 0.19% 687,993 $76M $110.87 -$5M -37,920 -5.2%
87 SYK 0.19% 190,477 $75M $395.63 -$1M -14,756 -7.2%
88 PFE 0.19% 3,091,254 $75M $24.24 -$10M -266,340 -7.9%
89 ADP 0.19% 242,576 $75M $308.40 -$132K -2,710 -1.1%
90 ETN 0.19% 209,335 $75M $356.99 $14M -14,604 -6.5%
91 CMCSA 0.18% 2,082,123 $74M $35.69 -$16M -373,234 -15.2%
92 UNP 0.18% 320,460 $74M $230.08 -$7M -20,106 -5.9%
93 MU 0.18% 596,937 $74M $123.25 $19M -29,478 -4.7%
94 PANW 0.18% 353,647 $72M $204.64 $5M -40,625 -10.3%
95 DE 0.17% 137,752 $70M $508.49 $2M -7,717 -5.3%
96 DHR 0.17% 347,543 $69M $197.54 -$7M -21,455 -5.8%
97 CRWD 0.17% 132,379 $67M $509.31 $19M -6,153 -4.4%
98 KLAC 0.17% 74,601 $67M $895.74 $13M -5,246 -6.6%
99 LRCX 0.17% 685,796 $67M $97.34 $5M -165,778 -19.5%
100 LOW 0.17% 300,798 $67M $221.87 -$7M -16,599 -5.2%

Options Breakdown

2 Calls $21M Call Value 1 Puts $73M Put Value 3.46 P/C Ratio

Top Calls

SymbolSharesValueStatus
XOP 166,400 $21M NEW
NVNIW 654,000 $194K NEW

Top Puts

SymbolSharesValueStatus
GLD 240,000 $73M

New Positions

SymbolValue% Port
XHB $39M 0.10%
XOP $11M 0.03%
ALAB $8M 0.02%
JCAP $6M 0.02%
RKLB $5M 0.01%
CAI $4M 0.01%
GIL $4M 0.01%
AII $3M 0.01%
TEM $3M 0.01%
ASIC $3M 0.01%
MLKN $2M 0.01%
KLIC $2M 0.01%
AMWD $2M 0.01%
NOMD $2M 0.01%
HLIO $2M 0.01%

Sold Out Positions

SymbolValue% Port
QUAD —%
NOK —%
GDOT —%
RYZ —%
HCI —%
BBUC —%
BH —%
NGVC —%
KODK —%
NRGV —%
TTI —%
LEVI —%
SXI —%
AORT —%
CNS —%
View SEC EDGAR Filings for STATE OF WISCONSIN INVESTMENT BOARD →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms