STATE OF WISCONSIN INVESTMENT BOARD

View all activity View 13F on SEC

Data as of Q4 2025

Institutional investor tracked via SEC 13F filings. Portfolio snapshot as of 2025-12-31.SEC EDGAR Source

Assets Under Management

$44.6B

Total Positions

2,362

New This Quarter

251

Filing Period

2025-12-31

Portfolio Allocation

Top holdings by portfolio weight

NVDA5.26%

AAPL4.69%

MSFT3.97%

RSP3.63%

AMZN2.57%

GOOGL2.12%

AVGO1.84%

GOOG1.78%

META1.66%

TSLA1.47%

Other11.01%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

APP15Q held

AppLovin Corp

Avg $46.96 · $82.5M est. P&L

Est. P&L

+1377.15%

EME29Q held

EMCOR Group Inc

Avg $60.93 · $13.4M est. P&L

Est. P&L

+912.60%

CRDO13Q held

Credo Technology Group Holding Ltd

Avg $20.65 · $10.8M est. P&L

Est. P&L

+601.85%

Top Losers

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View plans

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings(Showing 25 of 2362 — sorted by value)

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Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
NVDA NVIDIA Corp	12.6M	$2.4B	5.3%	—	$113.25	+65.60%	29 qtrs	Decreased 0
AAPL Apple Inc	7.7M	$2.1B	4.7%	—	$101.30	+169.31%	29 qtrs	Decreased 0
MSFT Microsoft Corp	3.7M	$1.8B	4.0%	—	$127.50	+282.33%	29 qtrs	Decreased 0
RSP INVESCO EXCHANGE TRADED FD T	8.5M	$1.6B	3.6%	—	$176.53	+9.45%	5 qtrs	Increased 67
AMZN Amazon.com Inc	5M	$1.2B	2.6%	—	$114.24	+103.55%	29 qtrs	Decreased 0
GOOGL Alphabet Inc	3M	$946.6M	2.1%	—	$125.59	+149.89%	29 qtrs	Decreased 0
AVGO Broadcom Inc	2.4M	$823.2M	1.8%	—	$158.81	+120.30%	29 qtrs	Decreased 0
GOOG Alphabet Inc	2.5M	$795.8M	1.8%	—	$98.18	+220.38%	29 qtrs	Decreased 0
META Meta Platforms Inc	1.1M	$742.2M	1.7%	—	$201.24	+230.92%	29 qtrs	Decreased 0
TSLA Tesla Inc	1.5M	$659.7M	1.5%	—	$221.44	+105.21%	29 qtrs	Decreased 0
FOX Fox Corp	7.8M	$504.9M	1.1%	—	$38.11	+71.57%	28 qtrs	Increased 53
BRK/A BERKSHIRE HATHAWAY INC DEL C	619	$467.2M	1.0%	—	—	—	6 qtrs	Increased 54
JPM JPMORGAN CHASE & CO.	1.4M	$461.2M	1.0%	—	$100.35	+220.84%	29 qtrs	Decreased 0
LLY Eli Lilly & Co	416,718	$447.8M	1.0%	—	$193.72	+456.45%	29 qtrs	Decreased 0
HAPI HARBOR ETF TRUST	9.9M	$405.1M	0.9%	—	$21.23	+94.54%	13 qtrs	Unchanged 0
BRK/B Berkshire Hathaway Inc	720,767	$362.3M	0.8%	—	—	—	29 qtrs	Increased 44
V Visa Inc	880,068	$308.6M	0.7%	—	$152.11	+131.99%	29 qtrs	Decreased 0
XOM Exxon Mobil Corp	2.2M	$265.8M	0.6%	—	$62.99	+90.82%	29 qtrs	Decreased 0
JNJ Johnson & Johnson	1.3M	$259.3M	0.6%	—	$124.67	+65.97%	29 qtrs	Decreased 0
ISTB ISHARES TR	5.3M	$259M	0.6%	—	$42.11	+15.43%	15 qtrs	Increased 44
MA Mastercard Inc	447,685	$255.6M	0.6%	—	$253.69	+127.26%	29 qtrs	Decreased 0
WMT Walmart Inc	2.3M	$253.2M	0.6%	—	$52.78	+112.05%	29 qtrs	Decreased 0
HEI/A HEICO CORP NEW	993,940	$250.9M	0.6%	—	—	—	29 qtrs	Increased 49
ARKK ARK ETF TR	2.8M	$215.7M	0.5%	—	$57.01	+36.58%	19 qtrs	Increased 36
PLTR Palantir Technologies Inc	1.2M	$211.5M	0.5%	—	$31.14	+480.82%	19 qtrs	Decreased 0
Showing 25 of 2,362 results.PROUpgrade to see all →

Accumulation Streaks

Positions with 2+ consecutive quarters of increases — persistent directional conviction.

Security

NWSANews Corp

Q1 2024 → Q4 2025+3.8M shares+$105.9M

ARMKAramark

Q2 2024 → Q4 2025+340,061 shares+$12.6M

OWLBLUE OWL CAPITAL INC

Q2 2024 → Q4 2025+274,446 shares+$1.7M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer