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Asset Manager ← All Institutions

STATE OF WISCONSIN INVESTMENT BOARD

Q3 2025 · Filed 2025-11-14
Market Value
$42.7B
+6.1%
Holdings
2,394
+72
New Purchases
191
Added To
826
Closed
183
Reduced
1,136
Top 10 Concentration
30.0%
Turnover
15.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 4.85% 4.26% +0.58% $2.1B
NVDA 5.75% 5.28% +0.47% $2.5B
GOOGL 1.79% 1.41% +0.38% $765M
TSLA 1.59% 1.23% +0.37% $679M
GOOG 1.51% 1.20% +0.31% $644M
RSP 3.30% 3.09% +0.21% $1.4B
BRK-A 1.01% 0.81% +0.19% $430M
AVGO 1.90% 1.71% +0.19% $813M
FOX 0.98% 0.83% +0.15% $419M
ZG 0.35% 0.22% +0.13% $151M
BEP 0.13% 0.00% +0.13% $55M
PLTR 0.51% 0.39% +0.12% $218M
APP 0.22% 0.11% +0.10% $94M
ARKK 0.57% 0.47% +0.10% $242M
ORCL 0.59% 0.49% +0.10% $250M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AMZN 2.65% 2.86% -0.20% $1.1B
META 2.02% 2.21% -0.19% $863M
MSFT 4.65% 4.83% -0.19% $2.0B
NFLX 0.66% 0.81% -0.15% $280M
HES 0.00% 0.11% -0.11% $0
V 0.74% 0.85% -0.11% $317M
LBRDA 0.14% 0.24% -0.10% $58M
XHB 0.00% 0.10% -0.10% $0
COST 0.51% 0.60% -0.09% $219M
LLY 0.77% 0.85% -0.08% $329M
CRM 0.29% 0.37% -0.08% $124M
INTU 0.24% 0.32% -0.08% $103M
PM 0.33% 0.40% -0.07% $140M
ANSS 0.00% 0.07% -0.07% $0
ISRG 0.21% 0.27% -0.06% $89M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 61 $19.6B 46.0%
Large Cap 694 $17.7B 41.4%
Mid Cap 864 $3.9B 9.0%
Small Cap 672 $1.3B 3.1%
Micro Cap 103 $197M 0.5%

Portfolio Analytics

Avg Market Cap
$36.5B
Median Market Cap
$4.3B
Avg P/E
34.4
Median P/E
21.5
Avg Dividend Yield
0.02%
Avg Beta
1.11
# Stocks
2,346
# ETFs / Funds
48

Top Holdings (2,394 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.75% 13,150,312 $2.5B $186.58 $329M -298,997 -2.2%
2 AAPL 4.85% 8,128,674 $2.1B $254.63 $353M -238,162 -2.9%
3 MSFT 4.65% 3,830,856 $2.0B $517.95 $38M -81,527 -2.1%
4 RSP 3.30% 7,425,338 $1.4B $189.70 $164M +579,500 +8.5%
5 AMZN 2.65% 5,160,971 $1.1B $219.57 -$17M -79,506 -1.5%
6 META 2.02% 1,175,599 $863M $734.38 -$27M -30,391 -2.5%
7 AVGO 1.90% 2,463,222 $813M $329.91 $124M -35,849 -1.4%
8 GOOGL 1.79% 3,146,097 $765M $243.10 $198M -69,498 -2.2%
9 TSLA 1.59% 1,527,844 $679M $444.72 $186M -25,838 -1.7%
10 GOOG 1.51% 2,645,263 $644M $243.55 $162M -72,910 -2.7%
11 JPM 1.09% 1,474,752 $465M $315.43 $21M -56,908 -3.7%
12 BRK-A 1.01% 570 $430M $754,200.00 $103M +121 +26.9%
13 FOX 0.98% 7,312,845 $419M $57.29 $86M +854,675 +13.2%
14 HAPI 0.93% 9,871,200 $397M $40.26 $21M
15 BRK-B 0.84% 714,907 $359M $502.74 $10M -4,303 -0.6%
16 LLY 0.77% 431,824 $329M $763.00 -$13M -7,124 -1.6%
17 V 0.74% 928,834 $317M $341.38 -$25M -33,293 -3.5%
18 NFLX 0.66% 233,420 $280M $1,198.92 -$46M -9,680 -4.0%
19 MA 0.63% 473,237 $269M $568.81 $10M +11,846 +2.6%
20 ISTB 0.60% 5,241,225 $256M $48.84 $6M +112,600 +2.2%
21 XOM 0.60% 2,265,965 $255M $112.75 $2M -88,938 -3.8%
22 ORCL 0.59% 890,489 $250M $281.24 $54M -8,489 -0.9%
23 ARKK 0.57% 2,804,304 $242M $86.30 $54M +129,568 +4.8%
24 WMT 0.56% 2,334,644 $241M $103.06 $8M -48,455 -2.0%
25 JNJ 0.56% 1,286,444 $239M $185.42 $33M -56,406 -4.2%
26 HEI-A 0.53% 886,359 $225M $254.09 $3M +25,891 +3.0%
27 COST 0.51% 236,886 $219M $925.63 -$24M -8,529 -3.5%
28 PLTR 0.51% 1,196,352 $218M $182.42 $60M +37,791 +3.3%
29 NWSA 0.51% 7,089,884 $218M $30.71 $15M +257,000 +3.8%
30 ABBV 0.51% 935,042 $216M $231.54 $38M -28,628 -3.0%
31 HD 0.50% 522,871 $212M $405.19 $17M -8,240 -1.6%
32 BAC 0.47% 3,928,856 $203M $51.59 $12M -102,347 -2.5%
33 PG 0.46% 1,273,691 $196M $153.65 -$11M -26,289 -2.0%
34 GE 0.43% 613,835 $185M $300.82 $27M +1,832 +0.3%
35 UNH 0.39% 479,308 $166M $345.30 $7M -29,514 -5.8%
36 CVX 0.38% 1,031,974 $160M $155.29 $33M +145,444 +16.4%
37 CSCO 0.36% 2,238,013 $153M $68.42 -$11M -126,514 -5.3%
38 ZG 0.35% 2,028,455 $151M $74.44 $62M +733,365 +56.6%
39 KO 0.34% 2,198,768 $146M $66.32 -$13M -50,468 -2.2%
40 IBM 0.33% 503,395 $142M $282.16 -$9M -10,371 -2.0%
41 WFC 0.33% 1,693,284 $142M $83.82 $2M -50,156 -2.9%
42 HAPS 0.33% 4,520,000 $141M $31.30 $14M
43 PM 0.33% 863,182 $140M $162.20 -$22M -26,640 -3.0%
44 AMD 0.33% 858,723 $139M $161.79 $16M -9,240 -1.1%
45 EEM 0.32% 2,528,628 $135M $53.40 $12M -25,200 -1.0%
46 0JUJ.L 0.31% 1,386,369 $132M $95.22 $4M +34,926 +2.6%
47 GS 0.30% 163,067 $130M $796.35 $12M -3,548 -2.1%
48 CRM 0.29% 523,397 $124M $237.00 -$24M -19,309 -3.6%
49 ABT 0.29% 913,835 $122M $133.94 -$4M -13,259 -1.4%
50 CAT 0.28% 252,046 $120M $477.15 $19M -8,981 -3.4%
51 LIN 0.28% 250,488 $119M $475.00 -$1M -5,302 -2.1%
52 T 0.28% 4,213,100 $119M $28.24 -$2M +41,071 +1.0%
53 RTX 0.28% 710,783 $119M $167.33 $13M -11,874 -1.6%
54 MRK 0.28% 1,400,810 $118M $83.93 $94K -83,226 -5.6%
55 MCD 0.27% 376,064 $114M $303.89 $3M -6,179 -1.6%
56 DIS 0.26% 981,371 $112M $114.50 -$12M -24,447 -2.4%
57 UBER 0.25% 1,104,846 $108M $97.97 $11M +63,753 +6.1%
58 MS 0.25% 664,149 $106M $158.96 $10M -17,473 -2.6%
59 C 0.25% 1,037,411 $105M $101.50 $19M +26,494 +2.6%
60 NOW 0.25% 114,374 $105M $920.28 -$13M -653 -0.6%
61 INTU 0.24% 151,256 $103M $682.91 -$25M -11,723 -7.2%
62 PEP 0.24% 732,032 $103M $140.44 $6M -663 -0.1%
63 AXP 0.24% 307,764 $102M $332.16 -$617K -14,650 -4.5%
64 VZ 0.23% 2,264,597 $100M $43.95 -$374K -44,241 -1.9%
65 TMO 0.23% 203,105 $99M $485.02 $14M -4,555 -2.2%
66 MU 0.23% 587,814 $98M $167.32 $25M -9,123 -1.5%
67 GEV 0.23% 157,421 $97M $614.90 $13M -151 -0.1%
68 SCHW 0.23% 1,006,574 $96M $95.47 $6M +16,946 +1.7%
69 QCOM 0.22% 576,065 $96M $166.36 $724K -21,133 -3.5%
70 APP 0.22% 130,447 $94M $718.54 $48M -1,512 -1.1%
71 LRCX 0.22% 695,918 $93M $133.90 $26M +10,122 +1.5%
72 BKNG 0.22% 17,110 $92M $5,399.27 -$9M -422 -2.4%
73 BLK 0.21% 78,580 $92M $1,165.87 $5M -3,943 -4.8%
74 SPGI 0.21% 185,712 $90M $486.71 -$6M +2,436 +1.3%
75 TXN 0.21% 485,026 $89M $183.73 -$21M -44,824 -8.5%
76 ISRG 0.21% 198,235 $89M $447.23 -$21M -3,515 -1.7%
77 TJX 0.21% 608,981 $88M $144.54 $12M -9,548 -1.5%
78 AMAT 0.21% 428,911 $88M $204.74 $6M -17,421 -3.9%
79 BA 0.20% 403,752 $87M $215.83 $1M -7,232 -1.8%
80 ANET 0.20% 591,319 $86M $145.71 $28M +18,900 +3.3%
81 NEE 0.20% 1,107,373 $84M $75.49 $6M -17,035 -1.5%
82 ACN 0.19% 336,178 $83M $246.60 -$20M -6,834 -2.0%
83 BSX 0.19% 841,530 $82M $97.63 -$4M +34,794 +4.3%
84 APH 0.19% 653,513 $81M $123.75 $14M -18,731 -2.8%
85 ADBE 0.19% 227,400 $80M $352.75 -$10M -5,389 -2.3%
86 AMGN 0.19% 282,895 $80M $282.20 -$347K -4,273 -1.5%
87 COF 0.19% 372,519 $79M $212.58 -$3M -13,485 -3.5%
88 PGR 0.18% 314,162 $78M $246.95 -$11M -19,488 -5.8%
89 PFE 0.18% 3,030,875 $77M $25.48 $2M -60,379 -1.9%
90 KLAC 0.18% 71,430 $77M $1,078.60 $10M -3,171 -4.2%
91 ETN 0.18% 205,714 $77M $374.25 $2M -3,621 -1.7%
92 INTC 0.18% 2,293,074 $77M $33.55 $24M -72,523 -3.1%
93 LOW 0.18% 306,030 $77M $251.31 $10M +5,232 +1.7%
94 GILD 0.18% 685,475 $76M $111.00 -$190K -2,518 -0.4%
95 UNP 0.17% 314,084 $74M $236.37 $509K -6,376 -2.0%
96 BX 0.17% 428,188 $73M $170.85 $14M +29,366 +7.4%
97 PANW 0.17% 350,357 $71M $203.62 -$1M -3,290 -0.9%
98 HON 0.17% 338,042 $71M $210.50 -$10M -8,653 -2.5%
99 SYK 0.16% 187,993 $69M $369.67 -$6M -2,484 -1.3%
100 COP 0.16% 720,372 $68M $94.59 $5M +11,571 +1.6%

Options Breakdown

2 Calls $0 Call Value 2 Puts $118M Put Value

Top Calls

SymbolSharesValueStatus
NVNIW $0 SOLD
XOP $0 SOLD

Top Puts

SymbolSharesValueStatus
ARKK 1,372,400 $118M NEW
GLD $0 SOLD

New Positions

SymbolValue% Port
BEP $55M 0.13%
BIP $27M 0.06%
ARM $16M 0.04%
BBU $6M 0.01%
WDAF $5M 0.01%
FIGR $5M 0.01%
PENG $4M 0.01%
GLXY $4M 0.01%
LCID $3M 0.01%
PAA $3M 0.01%
EYE $3M 0.01%
GLBAV $3M 0.01%
CPS $2M 0.01%
LEVI $2M 0.01%
CABO $2M —%

Sold Out Positions

SymbolValue% Port
CCS —%
WNC —%
GNK —%
ACRE —%
NXRT —%
KW —%
THR —%
SPB —%
TSQ —%
NSP —%
BIPC —%
AVD —%
BF-A —%
VEL —%
DOLE —%
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