STATE OF WISCONSIN INVESTMENT BOARD
Institutional investor · Portfolio as of Q4 2025
Top Holdings2,365 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 12.6M | $2.4B | 5.3% | $113.25 | +65.60% | 29 qtrssince 2018-Q4 | Decreased 0 |
APPLE INC | 7.7M | $2.1B | 4.7% | $102.52 | +164.47% | 29 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 3.7M | $1.8B | 4.0% | $127.50 | +282.33% | 29 qtrssince 2018-Q4 | Decreased 0 |
INVESCO S&P 500 EQUAL WEIGHT | 8.5M | $1.6B | 3.6% | $176.53 | +9.45% | 5 qtrssince 2024-Q4 | Increased 67 |
AMAZON.COM INC | 5M | $1.2B | 2.6% | $114.24 | +103.55% | 29 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 3M | $946.6M | 2.1% | $125.59 | +149.89% | 29 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 2.4M | $823.2M | 1.8% | $158.00 | +118.25% | 29 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL C | 2.5M | $795.8M | 1.8% | $98.18 | +220.38% | 29 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC-CLASS A | 1.1M | $742.2M | 1.7% | $201.24 | +230.92% | 29 qtrssince 2018-Q4 | Decreased 0 |
TESLA INC | 1.5M | $659.7M | 1.5% | $221.44 | +105.21% | 29 qtrssince 2018-Q4 | Decreased 0 |
FOX CORP - CLASS B | 7.8M | $504.9M | 1.1% | $38.11 | +71.57% | 28 qtrssince 2019-Q1 | Increased 53 |
BERKSHIRE HATHAWAY INC-CL A | 619 | $467.2M | 1.0% | $733,739.46 | +2.95% | 6 qtrssince 2024-Q3 | Increased 54 |
JPMORGAN CHASE & CO | 1.4M | $461.2M | 1.0% | $100.35 | +220.84% | 29 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 416,718 | $447.8M | 1.0% | $194.85 | +448.90% | 29 qtrssince 2018-Q4 | Decreased 0 |
HARBOR ETF TRUST | 9.9M | $405.1M | 0.9% | $21.23 | +94.54% | 13 qtrssince 2022-Q4 | Unchanged 0 |
BERKSHIRE HATHAWAY INC-CL B | 720,767 | $362.3M | 0.8% | $243.75 | +106.65% | 29 qtrssince 2018-Q4 | Increased 44 |
VISA INC-CLASS A SHARES | 880,068 | $308.6M | 0.7% | $152.47 | +128.65% | 29 qtrssince 2018-Q4 | Decreased 0 |
EXXON MOBIL CORP | 2.2M | $265.8M | 0.6% | $62.99 | +90.82% | 29 qtrssince 2018-Q4 | Decreased 0 |
JOHNSON & JOHNSON | 1.3M | $259.3M | 0.6% | $124.67 | +65.97% | 29 qtrssince 2018-Q4 | Decreased 0 |
ISHARES TR | 5.3M | $259M | 0.6% | $41.43 | +15.21% | 15 qtrssince 2022-Q2 | Increased 44 |
STATE OF WISCONSIN INVESTMENT BOARD manages $44.7B across 2365 positions as of Q4 2025. Top holdings: NVDA (5.3%), AAPL (4.7%), MSFT (4.0%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 4/5.0.
Active quarter - 250 new positions, 251 exits, 776 increased. Top move: RSP (INCREASED, conviction 67). Portfolio: $44.7B across 2365 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer