STATE OF WISCONSIN INVESTMENT BOARD

CIK

854157

Location

MADISON, WI

Portfolio Value

Large $37,675,005,076

Diversification

Diversified

Filing Date

Global Rank

#182 / 8,623 ▼ 2 · as of Mar 2026

Top Industry

Semiconductors 10.7%

3Y Alpha vs SPY

-3.3%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+62.2%

SPY

+67.9%

Annualised alpha

-1.4%

Max drawdown

−19.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

2,304 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.0%

−0.1 pts

Top 5

20.3%

−1.5 pts

Top 10

27.8%

−2.3 pts

HHI

120

Diversified−14

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	29.5%	$11,131,035,811	332
Financial Services	13.2%	$4,991,924,430	371
Consumer Cyclical	10.3%	$3,871,909,893	250
Industrials	10.2%	$3,856,194,089	334
Healthcare	10.2%	$3,847,606,686	369
Communication Services	8.0%	$2,998,499,341	85
Consumer Defensive	5.0%	$1,874,451,382	97
Energy	4.9%	$1,858,080,261	106
Utilities	3.1%	$1,159,812,046	75
Real Estate	2.7%	$1,029,574,783	153
Basic Materials	2.6%	$984,651,217	127
Unclassified	0.2%	$71,265,137	5

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
UAA	Under Armour, Inc.	+2,746,055	2,906,584	$17,177,911
WBD	Warner Bros. Discovery, Inc.	+779,800	2,138,734	$58,729,635
AES	Aes Corp	+610,602	1,070,750	$15,086,867
CDE	Coeur Mining, Inc.	+498,764	741,805	$13,923,679
PCG	PG&E Corp	+468,959	1,621,861	$28,496,097
PAA	Plains All American Pipeline LP	+432,710	785,079	$17,530,814
NVDA	Nvidia Corp	+424,557	13,031,252	$2,272,650,348
IRWD	Ironwood Pharmaceuticals Inc	+418,119	598,159	$2,099,538
CNNE	Cannae Holdings, Inc.	+345,475	1,161,393	$13,205,038
RITM	Rithm Capital Corp.	+304,588	1,385,741	$13,136,824
GEN	Gen Digital Inc.	+284,296	629,856	$11,860,188
IAG	Iamgold Corp	+282,282	297,070	$5,590,857
WLTH	Wealthfront Corp	+272,561	322,561	$2,983,689
CMG	Chipotle Mexican Grill Inc	+245,919	987,210	$31,600,592
DCH	Dauch Corp	+242,110	267,764	$1,587,840
NWSA	News Corp	+233,610	7,598,974	$189,442,421
GT	Goodyear Tire & Rubber Co /Oh/	+228,338	576,745	$3,823,819
AAPL	Apple Inc.	+194,772	7,905,859	$2,006,427,955
NWE	NorthWestern Energy Group, Inc.	+191,629	225,250	$14,852,985
DBI	Designer Brands Inc.	+185,301	296,801	$1,688,797
AMZN	Amazon Com Inc	+183,255	5,170,390	$1,076,837,125
TTD	Trade Desk, Inc.	+180,381	411,178	$9,329,628
SOFI	SoFi Technologies, Inc.	+174,791	778,194	$12,357,720
IBRX	ImmunityBio, Inc.	+168,810	252,348	$1,935,509
GRAB	Grab Holdings Ltd	+166,800	1,097,200	$4,015,752
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BIPH	Brookfield Infrastructure Partners L.P.	−1,185,908	1,406,431	$50,800,287
BEP	Brookfield Renewable Partners L.P.	−646,802	4,220,282	$137,750,004
CTRA	Coterra Energy Inc.	−430,267	413,556	$14,532,357
STNE	StoneCo Ltd.	−426,413	22,147	$312,715
EMF	Templeton Emerging Markets Fund	−356,525	650,000	$11,368,500
DBRG	DigitalBridge Group, Inc.	−337,206	17,834	$275,000
ACI	Albertsons Companies, Inc.	−287,801	620,282	$10,569,605
LBRDA	Liberty Broadband Corp	−287,443	231,627	$11,632,307
NAGE	Niagen Bioscience, Inc.	−224,067	103,798	$457,749
GTN	Gray Media, Inc	−222,100	213,899	$928,321
BANC	Banc Of California, Inc.	−221,086	612,176	$10,762,054
HBAN	Huntington Bancshares Inc /Md/	−218,352	1,443,955	$22,597,895
HPQ	Hp Inc	−203,010	491,677	$9,445,115
ECVT	Ecovyst Inc.	−196,813	338,599	$4,354,383
BTE	Baytex Energy Corp.	−190,497	4,653,401	$20,800,702
COTY	Coty Inc.	−186,142	34,766	$69,879
GIL	Gildan Activewear Inc.	−183,309	200,556	$11,160,941
GPK	Graphic Packaging Holding Co	−176,425	291,696	$2,899,458
MICC	Magnum Ice Cream Co N.V.	−174,313	154,496	$2,309,715
AXTA	Axalta Coating Systems Ltd.	−170,414	36,282	$1,005,011
OII	Oceaneering International Inc	−149,135	112,318	$3,983,919
CPRI	Capri Holdings Ltd	−143,790	48,190	$849,107
PWP	Perella Weinberg Partners	−143,362	445,695	$8,093,821
XPOF	Xponential Fitness, Inc.	−140,467	315,437	$1,898,930
PAGS	PagSeguro Digital Ltd.	−135,100	26,632	$266,852
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	498,704	$98,354,402
AMCR	Amcor plc	500,089	$19,878,537
PNFP	Pinnacle Financial Partners, Inc.	144,912	$12,482,719
SUNB	Sunbelt Rentals Holdings, Inc.	131,325	$8,547,944
ZIM	ZIM Integrated Shipping Services Ltd.	249,821	$6,582,783
IREN	IREN Ltd	171,197	$5,868,633
BBUC	Brookfield Business Corp	156,901	$4,964,347
SII	Sprott Inc.	30,314	$4,331,870
UNF	Unifirst Corp	15,285	$3,845,553
OFRM	Once Upon a Farm, PBC	145,400	$2,377,290
SXI	Standex International Corp/De/	8,981	$2,288,897
REAL	TheRealReal, Inc.	234,868	$2,132,601
INDV	Indivior Pharmaceuticals, Inc.	68,065	$2,074,621
AAOI	Applied Optoelectronics, Inc.	22,219	$1,879,505
HP	Helmerich & Payne, Inc.	48,079	$1,732,286
CBRL	Cracker Barrel Old Country Store, Inc	60,920	$1,712,461
FPS	Forgent Power Solutions, Inc.	55,500	$1,624,485
ERAS	Erasca, Inc.	98,609	$1,595,493
XMTR	Xometry, Inc.	38,953	$1,590,840
VICR	Vicor Corp	9,477	$1,525,797
LGN	Legence Corp.	25,810	$1,457,232
TEX	Terex Corp	23,649	$1,397,655
PLUS	Eplus Inc	17,322	$1,303,480
ITHA	ITHAX Acquisition Corp III	130,000	$1,287,000
CPNG	Coupang, Inc.	64,640	$1,220,403
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ZG	Zillow Group, Inc.	595,214	$40,611,451
SLV	iShares Silver Trust	400,000	$25,768,000
EXAS	EXACT SCIENCES CORP	63,358	$6,434,638
CGNT	Cognyte Software Ltd.	517,115	$4,860,881
MAN	ManpowerGroup Inc.	88,621	$2,634,702
BIRK	Birkenstock Holding plc	50,683	$2,072,934
ICHR	Ichor Holdings, Ltd.	111,669	$2,058,059
NVO	Novo Nordisk A S	40,000	$2,035,200
CVI	Cvr Energy Inc	78,039	$1,985,312
CABO	Cable One, Inc.	16,810	$1,897,008
FIG	Figma, Inc.	47,913	$1,790,508
TGLS	Tecnoglass Holdings Inc.	34,375	$1,729,750
ELME	Elme Communities	96,325	$1,676,055
BHE	Benchmark Electronics Inc	34,788	$1,487,534
SNCY	Sun Country Airlines Holdings, LLC	102,228	$1,471,060
HZO	Marinemax Inc	46,524	$1,127,276
KOPN	Kopin Corp	450,000	$1,053,000
AMN	Amn Healthcare Services Inc	62,309	$981,989
EVH	Evolent Health, Inc.	238,582	$954,328
SPT	Sprout Social, Inc.	80,460	$906,784
RBBN	Ribbon Communications Inc.	310,366	$893,854
MTUS	Metallus Inc.	49,872	$855,803
AHRT	AH Realty Trust, Inc.	128,757	$852,371
FOXF	Fox Factory Holding Corp	49,568	$848,108
CNMD	CONMED Corp	19,799	$803,839
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,304 tracked positions · $37,675,005,076 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 2,304 positions by value · page 1 of 47

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	13,031,252	+424,557	$2,272,650,348	−3.3%	6.03%
AAPL	Apple Inc. Technology	Added	7,905,859	+194,772	$2,006,427,955	−4.3%	5.33%
MSFT	Microsoft Corp Technology	Added	3,801,033	+131,406	$1,407,028,385	−20.7%	3.73%
AMZN	Amazon Com Inc Consumer Cyclical	Added	5,170,390	+183,255	$1,076,837,125	−6.5%	2.86%
GOOGL	Alphabet Inc. Communication Services	Added	3,128,058	+103,646	$899,504,358	−5.0%	2.39%
AVGO	Broadcom Inc. Technology	Added	2,456,462	+77,887	$760,299,553	−7.6%	2.02%
META	Meta Platforms, Inc. Communication Services	Added	1,167,125	+42,683	$667,747,226	−10.0%	1.77%
TSLA	Tesla, Inc. Consumer Cyclical	Added	1,514,635	+47,825	$563,065,561	−14.6%	1.49%
JPM	Jpmorgan Chase & Co Financial Services	Added	1,457,420	+26,119	$428,714,667	−7.0%	1.14%
LLY	ELI LILLY & Co Healthcare	Added	431,162	+14,444	$396,569,872	−11.4%	1.05%
XOM	ExxonMobil Holdings Corp Energy	Added	2,257,774	+49,210	$383,053,936	+44.1%	1.02%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	743,054	+22,287	$356,071,476	−1.7%	0.95%
JNJ	Johnson & Johnson Healthcare	Added	1,295,189	+42,219	$316,595,999	+22.1%	0.84%
WMT	Walmart Inc. Consumer Defensive	Added	2,347,437	+75,160	$291,739,470	+15.2%	0.77%
V	Visa Inc. Financial Services	Added	910,168	+30,100	$275,089,176	−10.9%	0.73%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	240,394	+8,151	$239,535,793	+19.6%	0.64%
MA	Mastercard Inc Financial Services	Added	461,128	+13,443	$230,407,216	−9.8%	0.61%
NFLX	Netflix Inc CALL + SHARES Communication Services	Added	2,364,025	+118,911	$227,301,003	+8.0%	0.60%
CVX	Chevron Corp Energy	Added	1,025,556	+27,103	$212,187,536	+39.4%	0.56%
ABBV	AbbVie Inc. Healthcare	Added	950,731	+31,308	$206,774,485	−1.6%	0.55%
MU	Micron Technology Inc Technology	Added	602,703	+21,072	$203,617,181	+22.7%	0.54%
NWSA	News Corp Communication Services	Added	7,598,974	+233,610	$189,442,421	−1.5%	0.50%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	1,251,132	+38,306	$180,713,506	+4.0%	0.48%
PLTR	Palantir Technologies Inc. Technology	Added	1,232,702	+43,100	$180,319,648	−14.7%	0.48%
CAT	Caterpillar Inc Industrials	Added	253,869	+8,211	$179,856,031	+27.8%	0.48%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	3,685,260	-13,956	$179,656,425	−11.7%	0.48%
AMD	Advanced Micro Devices Inc Technology	Added	876,033	+35,050	$178,211,393	−1.1%	0.47%
HD	Home Depot, Inc. Consumer Cyclical	Added	533,399	+17,360	$175,429,597	−1.2%	0.47%
CSCO	Cisco Systems, Inc. Technology	Added	2,205,020	+130,900	$171,087,501	+7.1%	0.45%
GE	General Electric Co Industrials	Added	589,715	+18,969	$167,343,425	−4.8%	0.44%
KO	Coca Cola Co Consumer Defensive	Added	2,189,290	+69,548	$166,495,504	+12.4%	0.44%
MRK	Merck & Co., Inc. Healthcare	Added	1,366,001	+71,905	$164,316,260	+20.6%	0.44%
LRCX	Lam Research Corp Technology	Added	714,596	+28,652	$152,680,581	+30.0%	0.41%
AMAT	Applied Materials Inc /De Technology	Added	430,459	+12,452	$147,126,581	+37.0%	0.39%
RTX	RTX Corp Industrials	Added	727,412	+12,343	$140,317,774	+7.0%	0.37%
PM	Philip Morris International Inc. Consumer Defensive	Added	840,288	+27,180	$138,933,217	+6.5%	0.37%
BEP	Brookfield Renewable Partners L.P. Utilities	Reduced	4,220,282	-646,802	$137,750,004	+4.9%	0.37%
GS	Goldman Sachs Group Inc Financial Services	Added	161,721	+3,193	$136,814,348	−1.8%	0.36%
ORCL	Oracle Corp Technology	Added	925,709	+37,312	$136,181,050	−21.4%	0.36%
GEV	GE Vernova Inc. Industrials	Added	155,445	+8,303	$135,687,940	+41.1%	0.36%
WFC	Wells Fargo & Company/Mn Financial Services	Added	1,680,343	+21,233	$133,772,106	−13.5%	0.36%
UNH	Unitedhealth Group Inc Healthcare	Added	485,072	+15,790	$131,255,632	−15.3%	0.35%
LIN	Linde PLC Basic Materials	Added	252,154	+6,295	$125,007,867	+19.2%	0.33%
IBM	International Business Machines Corp Technology	Added	506,576	+17,235	$122,788,956	−15.3%	0.33%
MCD	Mcdonalds Corp Consumer Cyclical	Added	381,367	+11,607	$118,525,049	+4.9%	0.31%
T	At&T Inc. Communication Services	Added	3,968,995	+69,916	$115,061,165	+18.8%	0.31%
INTC	Intel Corp Technology	Reduced	2,584,354	-85,790	$114,047,542	+15.8%	0.30%
PEP	Pepsico Inc Consumer Defensive	Added	732,192	+16,268	$113,702,095	+10.7%	0.30%
VZ	Verizon Communications Inc Communication Services	Added	2,257,928	+73,206	$113,347,985	+27.4%	0.30%
MS	Morgan Stanley Financial Services	Added	687,619	+36,558	$113,161,458	−2.1%	0.30%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.