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STATE OF WISCONSIN INVESTMENT BOARD

Institutional InvestorSimilar funds →SEC EDGAR: CIK 854157
Institutional-grade research for retail investors

Sector Allocation

  • Technology35.9%$17.8B
  • Financials16.0%$7.9B
  • Industrials9.0%$4.5B
  • Healthcare8.3%$4.1B
  • Consumer Discretionary8.0%$4.0B
  • Other4.9%$2.4B
  • Consumer Staples3.9%$1.9B
  • Communication Services3.4%$1.7B
  • Energy3.3%$1.7B
  • Materials2.6%$1.3B

AUM History

13fpro.ai/research/fund/state-of-wisconsin-investment-board-854157

Conviction and streaks

Stable · top 10 = 27.1%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

NVDA$NVDAConviction hold5.0% weight · held 7 quartersAAPL$AAPLConviction hold4.6% weight · held 7 quartersIVZ$IVZConviction hold3.2% weight · held 7 quartersMSFT$MSFTConviction hold2.8% weight · held 7 quartersAMZN$AMZNConviction hold2.5% weight · held 7 quarters$Accumulating+16% shares · 7 quarters runningNWS$NWSAccumulating+104% shares · 7 quarters runningDX$DXAccumulating+126% shares · 7 quarters runningFOX$FOXAccumulating+36% shares · 6 quarters runningQXO$QXOAccumulating+952% shares · 6 quarters runningCRS$CRSTrimming-68% shares · 7 quarters runningSPXC$SPXCTrimming-28% shares · 7 quarters runningROAD$ROADTrimming-46% shares · 7 quarters runningL$LTrimming-34% shares · 7 quarters runningFR$FRTrimming-17% shares · 7 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/state-of-wisconsin-investment-board-854157

STATE OF WISCONSIN INVESTMENT BOARD 13F holdings — Q2 2026

$49.6B portfolio (+13.4% QoQ) · 2,529 holdings · Q2 2026 13F · top 10 are 27% of the stock portfolio

Includes $1.8M of put/call options ($0 puts, $1.8M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $49.6B. Weights use the stock portfolio.

All holdings — STATE OF WISCONSIN INVESTMENT BOARD (Q2 2026)

2,529 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated. The page lists up to 1,000; every position is in the Excel export.

Company
TSLA$TSLATesla, Inc.$631.4M-0.9%
HEI.A$HEI.AHEICO CORP$546.3M+48%
LLY$LLYELI LILLY & Co$513.6M-0.7%
AMD$AMDADVANCED MICRO DEVICES INC$506.1M-0.6%
JPM$JPMJPMORGAN CHASE & CO$468.2M-2%
— HARBOR ETF TRUST - HUMAN CAP LARGEetf/fund$438.2M—
BRK.A$BRK.ABERKSHIRE HATHAWAY INC$426.1M-10%
BRK.B$BRK.BBERKSHIRE HATHAWAY INC$374.1M+0.6%
FOX$FOXFox Corp$373.9M+2%
INTC$INTCINTEL CORP$333.0M-8%
JNJ$JNJJOHNSON & JOHNSON$326.2M-0.8%
V$VVISA INC.$307.5M-2%
AMAT$AMATAPPLIED MATERIALS INC /DE$306.0M-2%
XOM.R34088$XOM.R34088EXXON MOBIL CORP$303.0M-2%
LRCX$LRCXLAM RESEARCH CORP$297.4M-4%

What changed in Q2 2026

Against the previous quarter's 13F: 203 new, 1,024 added to, 1,240 trimmed, 168 sold out. Share-count changes; largest moves by dollar size first.

New positions (203)

  • HONA$HONAHoneywell Aerospace Inc.$37.5M

    first bought this quarter

  • SPDR SERIES TRUST - ST STR SP RETAIL$15.7M

    first bought this quarter

  • SPCX$SPCXSPACE EXPLORATION TECHNOLOGIES CORP$15.7M

    first bought this quarter

  • FDXF$FDXFFedEx Freight Holding Company, Inc.$12.1M

    first bought this quarter

  • MDLN$MDLNMedline Inc.$7.4M

    first bought this quarter

  • CYBERARK SOFTWARE LTD - NOTE 6/1$6.6M

    first bought this quarter

+197 more in the Excel export

Added to (1,024)

  • KLAC$KLACKLA CORP+817%

    now $210.9M · held 7+ qtrs

  • IVZ$IVZInvesco Ltd.+13%

    now $1.6B · held 7+ qtrs

  • GOOG$GOOGAlphabet Inc.+20%

    now $1.1B · held 7+ qtrs, 2 adds in a row

  • HEI.A$HEI.AHEICO CORP+48%

    now $546.3M · held 7+ qtrs, 4 adds in a row

  • PETROLEO BRASILEIRO S A - SP ADR NON VTG+675%

    now $133.6M

  • BKNG$BKNGBooking Holdings Inc.+2322%

    now $74.5M · held 7+ qtrs

+1,018 more in the Excel export

Trimmed (1,240)

  • NVDA$NVDANVIDIA CORP-5%

    now $2.5B · held 7+ qtrs

  • ARK ETF TR - INNOVATION ETF-37%

    now $149.4M

  • BEPC$BEPCBrookfield Renewable Corp-54%

    now $67.9M · held 4 qtrs

  • BRK.A$BRK.ABERKSHIRE HATHAWAY INC-10%

    now $426.1M · held 7+ qtrs

  • BIP$BIPBrookfield Infrastructure Partners L.P.-79%

    now $10.7M

  • INTC$INTCINTEL CORP-8%

    now $333.0M · held 7+ qtrs, 2 trims in a row

+1,234 more in the Excel export

Sold out (168)

  • ISHARES TRwas $54.5M
  • CUK$CUKCARNIVAL PLCwas $28.5M

    held 6+ qtrs

  • ISHARES TRwas $25.9M
  • VANGUARD SCOTTSDALE FDSwas $25.7M
  • CTRA$CTRACoterra Energy Inc.was $14.5M
  • UNP$UNPCALLUNION PACIFIC CORPwas $12.1M

+162 more in the Excel export

Share

Holdings by quarter

Every 13F STATE OF WISCONSIN INVESTMENT BOARD has filed, 41 earlier quarters. Pick one to see what it held then.

Email me the moment this fund files its next 13FPro

Is it too late to follow STATE OF WISCONSIN INVESTMENT BOARD?

Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 27, 2026.

Average quality of STATE OF WISCONSIN INVESTMENT BOARD's top 20 holdings: 77/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)

Top 10 since filing

-1.8%

Value-weighted move of the 10 largest stock positions

Turnover

7%

Last quarter; 24% over the last 4

Top 10 weight

27%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

96%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

STATE OF WISCONSIN INVESTMENT BOARD disclosed 2,529 positions worth $49.6B in its Form 13F-HR for Q2 2026 — $49.6B in common stock plus $1.8M of put/call option positions (reported at underlying notional value, not premium at risk), led by $NVDA (NVIDIA CORP) at 5.0% of the equity portfolio, followed by $AAPL and $IVZ. During the quarter the fund opened 203 new positions and exited 168 — including a new stake in $HONA. The portfolio is most concentrated in Technology (35.9% of disclosed assets). All figures are sourced directly from STATE OF WISCONSIN INVESTMENT BOARD’s Form 13F-HR filing with the SEC under CIK 854157.

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13F Pro is an AI hedge fund tracker and stock research platform. For STATE OF WISCONSIN INVESTMENT BOARD (SEC CIK: 854157), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in STATE OF WISCONSIN INVESTMENT BOARD's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.