Latest STATE OF WISCONSIN INVESTMENT BOARD Stock Portfolio

STATE OF WISCONSIN INVESTMENT BOARD Performance:

2025 Q3: 6.99%YTD: 10.6%2024: 18.09%

Performance for 2025 Q3 is 6.99%, and YTD is 10.6%, and 2024 is 18.09%.

About STATE OF WISCONSIN INVESTMENT BOARD and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, STATE OF WISCONSIN INVESTMENT BOARD reported an equity portfolio of $43.6 Billions as of 30 Sep, 2025.

The top stock holdings of STATE OF WISCONSIN INVESTMENT BOARD are NVDA, AAPL, MSFT. The fund has invested 5.6% of it's portfolio in NVIDIA CORPORATION and 4.7% of portfolio in APPLE INC.

The fund managers got completely rid off HESS CORP (HES), SPDR SERIES TRUST (BIL) and ANSYS INC (ANSS) stocks. They significantly reduced their stock positions in NEW FORTRESS ENERGY INC (NFE), LIBERTY GLOBAL LTD (LBTYA) and CLEARWAY ENERGY INC (CWEN). STATE OF WISCONSIN INVESTMENT BOARD opened new stock positions in BROOKFIELD RENEWABLE PARTNER, WISDOMTREE TR (DWMF) and LUCID GROUP INC (LCID). The fund showed a lot of confidence in some stocks as they added substantially to HURON CONSULTING GROUP INC (HURN), LIBERTY MEDIA CORP DEL (BATRA) and UNDER ARMOUR INC (UAA).

STATE OF WISCONSIN INVESTMENT BOARD Annual Return Estimates Vs S&P 500

Our best estimate is that STATE OF WISCONSIN INVESTMENT BOARD made a return of 6.99% in the last quarter. In trailing 12 months, it's portfolio return was 12.47%.

New Buys

Ticker	$ Bought
brookfield renewable partner	55,049,800
brookfield infrast partners	27,295,500
arm holdings plc	15,677,100
southstate bk corp	15,471,700

New stocks bought by STATE OF WISCONSIN INVESTMENT BOARD

Additions

Ticker	% Inc.
livanova plc	207
sofi technologies inc	94.79
pinnacle finl partners inc	89.88
dollar tree inc	80.27
ishares inc	70.27
lkq corp	67.42
zillow group inc	56.63
dollar gen corp new	53.04

Additions to existing portfolio by STATE OF WISCONSIN INVESTMENT BOARD

Reductions

Ticker	% Reduced
amcor plc	-36.46
ishares inc	-25.6
ishares tr	-24.25
sysco corp	-23.41
ciena corp	-23.28
pg&e corp	-22.09
ebay inc.	-21.39
corning inc	-18.8

STATE OF WISCONSIN INVESTMENT BOARD reduced stake in above stock

Sold off

None of the stocks were completely sold off by STATE OF WISCONSIN INVESTMENT BOARD

Sector Distribution

STATE OF WISCONSIN INVESTMENT BOARD has about 27.8% of it's holdings in Technology sector.

Sector	%
Technology	27.8
Others	13.9
Financial Services	10.1
Communication Services	9.2
Consumer Cyclical	9.1
Industrials	8.4
Healthcare	8
Consumer Defensive	4.2
Real Estate	2.7
Energy	2.7
Utilities	2
Basic Materials	1.7

Market Cap. Distribution

STATE OF WISCONSIN INVESTMENT BOARD has about 76.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	38.3
MEGA-CAP	38.2
UNALLOCATED	14
MID-CAP	7.7
SMALL-CAP	1.6

Stocks belong to which Index?

About 76.5% of the stocks held by STATE OF WISCONSIN INVESTMENT BOARD either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	70.2
Others	23.5
RUSSELL 2000	6.3

Top 5 Winners (%)		%
KOD	kodiak sciences inc	300.8 %
TLRY	tilray brands inc	259.8 %
BE	bloom energy corp	247.1 %
HOUS	anywhere real estate inc	160.8 %
	mineralys therapeutics inc	159.6 %

Top 5 Winners ($)		$
AAPL	apple inc	407.9 M
NVDA	nvidia corporation	380.2 M
GOOG	alphabet inc	212.7 M
TSLA	tesla inc	195.8 M
GOOG	alphabet inc	177.4 M

Top 5 Losers (%)		%
MLTX	moonlake immunotherapeutics	-84.0 %
NRIM	northrim bancorp inc	-65.0 %
AGL	agilon health inc	-52.1 %
	sezzle inc	-51.5 %
SG	sweetgreen inc	-46.4 %

Top 5 Losers ($)		$
NFLX	netflix inc	-33.4 M
LBRDA	liberty broadband corp	-32.7 M
ISRG	intuitive surgical inc	-19.2 M
CRM	salesforce inc	-19.0 M
ACN	accenture plc ireland	-17.8 M

STATE OF WISCONSIN INVESTMENT BOARD Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of STATE OF WISCONSIN INVESTMENT BOARD

STATE OF WISCONSIN INVESTMENT BOARD has 2277 stocks in it's portfolio. About 29.4% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for STATE OF WISCONSIN INVESTMENT BOARD last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.05	163,425	20,975,600	reduced	-2.32

AAPL	apple inc	4.74	8,128,670	2,069,800,000	reduced	-2.85

AAXJ	ishares tr	0.15	607,800	64,724,600	unchanged	0.00

AAXJ	ishares tr	0.13	580,000	55,210,200	unchanged	0.00

ABBV	abbvie inc	0.50	935,042	216,500,000	reduced	-2.97

ABC	cencora inc	0.07	101,129	31,605,800	reduced	-17.48

ABNB	airbnb inc	0.06	229,338	27,846,200	reduced	-6.41

ABT	abbott labs	0.28	913,835	122,399,000	reduced	-1.43

ACGL	arch cap group ltd	0.05	219,680	19,931,600	reduced	-2.49

ACI	albertsons cos inc	0.04	1,057,040	18,508,800	added	18.2

ACIO	etf ser solutions	0.07	1,335,120	32,910,600	added	13.92

ACN	accenture plc ireland	0.19	336,178	82,901,500	reduced	-1.99

ACSG	dbx etf tr	0.06	760,000	25,064,800	unchanged	0.00

ACWV	ishares inc	0.04	617,400	19,139,400	added	70.27

ADBE	adobe inc	0.18	227,400	80,215,400	reduced	-2.31

ADC	agree rlty corp	0.03	198,798	14,122,600	added	7.73

ADI	analog devices inc	0.15	264,536	64,996,500	reduced	-0.51

ADM	archer daniels midland co	0.04	320,695	19,158,300	reduced	-1.41

ADP	automatic data processing in	0.14	215,464	63,238,700	reduced	-11.18

ADSK	autodesk inc	0.10	130,140	41,341,600	added	1.42