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State Of Wisconsin Investment Board

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 854157

Reported value
$49.6bn
82% in companies we cover
Positions we cover
2,242
Largest NVDA 5.0%
Copy, a year
+13.9%
S&P 500 +14.1%
Copy Sharpe ratio
0.75
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$55.8k
CopyS&P 500 $10,000 copying State Of Wisconsin Investment Board's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.6% (S&P 500 −31.8%); beta 1.03; alpha −0.5% a year (t = −0.89); last 12 months +11.8% against +12.1%.

Reported value by quarter

State Of Wisconsin Investment Board: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $10T $20T $30T $40T Reported value, 2013-06-30: $23.9B Reported value, 2013-09-30: $24.2B Reported value, 2013-12-31: $26B Reported value, 2014-03-31: $26.2B Reported value, 2014-06-30: $27.8B Reported value, 2014-09-30: $27.6B Reported value, 2014-12-31: $29.1B Reported value, 2015-03-31: $28.9B Reported value, 2015-06-30: $28.5B Reported value, 2015-09-30: $25.9B Reported value, 2015-12-31: $26B Reported value, 2016-03-31: $25.6B Reported value, 2016-06-30: $24.8B Reported value, 2016-09-30: $25.4B Reported value, 2016-12-31: $23.2B Reported value, 2017-03-31: $25.9B Reported value, 2017-06-30: $31B Reported value, 2017-09-30: $33.8B Reported value, 2017-12-31: $36.4B Reported value, 2018-03-31: $34.6B Reported value, 2018-06-30: $34.8B Reported value, 2018-09-30: $36.2B Reported value, 2018-12-31: $30.7B Reported value, 2019-03-31: $35.2B Reported value, 2019-06-30: $35.9B Reported value, 2019-09-30: $36.2B Reported value, 2019-12-31: $39.9B Reported value, 2020-03-31: $30B Reported value, 2020-06-30: $36.1B Reported value, 2020-09-30: $39.9B Reported value, 2020-12-31: $43B Reported value, 2021-03-31: $46.9B Reported value, 2021-06-30: $48.3B Reported value, 2021-09-30: $48.3B Reported value, 2021-12-31: $51.8B Reported value, 2022-03-31: $48.2B Reported value, 2022-06-30: $38.3B Reported value, 2022-09-30: $31.5B Reported value, 2022-12-31: $31T Reported value, 2023-03-31: $33.6B Reported value, 2023-06-30: $35.5B Reported value, 2023-09-30: $32B Reported value, 2023-12-31: $35.3B Reported value, 2024-03-31: $37.8B Reported value, 2024-06-30: $37.7B Reported value, 2024-09-30: $39.7B Reported value, 2024-12-31: $38.7B Reported value, 2025-03-31: $38.6B Reported value, 2025-06-30: $40.9B Reported value, 2025-09-30: $43.5B Reported value, 2025-12-31: $44.6B Reported value, 2026-03-31: $43.7B Reported value, 2026-06-30: $49.6B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $49.6B
View chart data
Period Reported value
2013-06-30 $23.9B
2013-09-30 $24.2B
2013-12-31 $26B
2014-03-31 $26.2B
2014-06-30 $27.8B
2014-09-30 $27.6B
2014-12-31 $29.1B
2015-03-31 $28.9B
2015-06-30 $28.5B
2015-09-30 $25.9B
2015-12-31 $26B
2016-03-31 $25.6B
2016-06-30 $24.8B
2016-09-30 $25.4B
2016-12-31 $23.2B
2017-03-31 $25.9B
2017-06-30 $31B
2017-09-30 $33.8B
2017-12-31 $36.4B
2018-03-31 $34.6B
2018-06-30 $34.8B
2018-09-30 $36.2B
2018-12-31 $30.7B
2019-03-31 $35.2B
2019-06-30 $35.9B
2019-09-30 $36.2B
2019-12-31 $39.9B
2020-03-31 $30B
2020-06-30 $36.1B
2020-09-30 $39.9B
2020-12-31 $43B
2021-03-31 $46.9B
2021-06-30 $48.3B
2021-09-30 $48.3B
2021-12-31 $51.8B
2022-03-31 $48.2B
2022-06-30 $38.3B
2022-09-30 $31.5B
2022-12-31 $31T
2023-03-31 $33.6B
2023-06-30 $35.5B
2023-09-30 $32B
2023-12-31 $35.3B
2024-03-31 $37.8B
2024-06-30 $37.7B
2024-09-30 $39.7B
2024-12-31 $38.7B
2025-03-31 $38.6B
2025-06-30 $40.9B
2025-09-30 $43.5B
2025-12-31 $44.6B
2026-03-31 $43.7B
2026-06-30 $49.6B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation4.98%$2.5bn12.33M−5.4% Reduced
AAPLApple Inc.4.57%$2.3bn7.83M−1.0% Reduced
MSFTMicrosoft Corporation2.84%$1.4bn3.77M−0.9% Reduced
AMZNAmazon2.48%$1.2bn5.16M−0.1%
GOOGLAlphabet Inc. (Class A)2.24%$1.1bn3.11M−0.7% Reduced
AVGOBroadcom1.84%$913.1m2.42M−1.6% Reduced
MUMicron Technology1.40%$694.3m601.5K−0.2%
METAMeta Platforms1.33%$659.8m1.17M+0.4%
TSLATesla, Inc.1.27%$631.4m1.50M−0.9% Reduced
LLYLilly (Eli)1.04%$513.6m428.2K−0.7% Reduced
AMDAdvanced Micro Devices1.02%$506.1m871.2K−0.6% Reduced
JPMJPMorgan Chase0.94%$468.2m1.43M−1.9% Reduced
INTCIntel0.67%$333.0m2.38M−7.7% Reduced
JNJJohnson & Johnson0.66%$326.2m1.28M−0.8% Reduced
VVisa Inc.0.62%$307.5m896.4K−1.5% Reduced
AMATApplied Materials0.62%$306.0m423.3K−1.7% Reduced
LRCXLam Research0.60%$297.4m686.4K−3.9% Reduced
WMTWalmart0.54%$264.9m2.34M−0.4%
CATCaterpillar Inc.0.53%$264.2m248.1K−2.3% Reduced
CSCOCisco0.51%$250.1m2.13M−3.4% Reduced
ABBVAbbVie0.48%$237.4m943.4K−0.8% Reduced
MAMastercard0.46%$228.9m445.7K−3.3% Reduced
COSTCostco0.45%$221.4m236.7K−1.6% Reduced
KLACKLA Corporation0.43%$210.9m699.1K+817.4% Added
GEGE Aerospace0.42%$208.5m558.0K−5.4% Reduced
BACBank of America0.42%$208.1m3.65M−0.9% Reduced
SNDKSandisk0.42%$206.3m90.7K+2.2% Added
UNHUnitedHealth Group0.41%$201.3m484.3K−0.2%
NWSANews Corp (Class A)0.38%$189.9m7.65M+0.7% Added
HDThe Home Depot0.38%$187.4m531.5K−0.4%
PGProcter & Gamble0.37%$181.8m1.24M−0.9% Reduced
MRKMerck & Co.0.34%$169.5m1.32M−3.4% Reduced
KOThe Coca-Cola Company0.34%$169.4m2.08M−4.8% Reduced
GEVGE Vernova0.34%$169.4m144.2K−7.2% Reduced
CVXChevron Corporation0.33%$163.5m986.2K−3.8% Reduced
NFLXNetflix0.33%$161.5m2.26M−1.7% Reduced
GSGoldman Sachs0.32%$159.1m157.4K−2.7% Reduced
PMPhilip Morris International0.30%$150.4m831.4K−1.1% Reduced
PANWPalo Alto Networks0.30%$147.6m432.7K−8.1% Reduced
TXNTexas Instruments0.29%$144.8m485.7K−1.5% Reduced
MRVLMarvell Technology0.29%$142.4m478.0K+8.1% Added
IBMIBM0.28%$140.8m500.6K−1.2% Reduced
RTXRTX Corporation0.28%$136.2m717.9K−1.3% Reduced
PLTRPalantir Technologies Inc.0.27%$135.7m1.16M−5.6% Reduced
WFCWells Fargo0.27%$135.1m1.63M−2.7% Reduced
ORCLOracle Corporation0.27%$134.8m920.1K−0.6% Reduced
MSMorgan Stanley0.27%$132.8m635.1K−7.6% Reduced
CCitigroup0.26%$130.4m931.6K−4.9% Reduced
LINLinde plc0.26%$128.2m247.1K−2.0% Reduced
WDCWestern Digital0.25%$126.1m197.4K−11.1% Reduced
STXSeagate Technology0.24%$119.1m123.4K−10.3% Reduced
APHAmphenol0.23%$115.7m656.1K−0.5%
ZZillow Group, Inc.0.23%$111.8m3.55M+71.5% Added
GLWCorning Inc.0.22%$108.3m423.9K−2.7% Reduced
QCOMQualcomm0.21%$106.0m573.5K+0.7% Added
AMGNAmgen0.21%$104.2m287.7K−0.2%
ADIAnalog Devices0.21%$103.4m260.4K−0.7% Reduced
MCDMcDonald's0.21%$102.4m378.8K−0.7% Reduced
CRWDCrowdStrike0.20%$100.6m131.8K−2.3% Reduced
PEPPepsiCo0.20%$100.6m743.0K+1.5% Added
TMOThermo Fisher Scientific0.20%$99.5m198.4K−3.6% Reduced
NEENextEra Energy0.20%$97.6m1.11M−0.5% Reduced
ANETArista Networks0.20%$96.7m569.4K−1.9% Reduced
TJXTJX Companies0.19%$96.0m634.0K+6.6% Added
AXPAmerican Express0.19%$96.0m283.8K−3.8% Reduced
VZVerizon0.19%$94.4m2.23M−1.3% Reduced
RYRoyal Bank Of Canada0.18%$91.1m440.3K−0.4%
DISThe Walt Disney Company0.18%$90.9m944.9K−2.8% Reduced
AZNAstrazeneca PLC0.18%$88.9m475.1K−4.7% Reduced
ETNEaton Corporation0.18%$88.2m207.0K−0.5%
BABoeing0.17%$86.4m398.9K−4.9% Reduced
UNPUnion Pacific Corporation0.17%$86.2m316.9K−0.2%
WELLWelltower0.17%$85.3m375.9K+1.9% Added
ABTAbbott Laboratories0.17%$84.4m929.7K−0.3%
TAT&T0.17%$84.1m4.06M+2.4% Added
GILDGilead Sciences0.17%$83.7m662.3K−2.4% Reduced
SCHWCharles Schwab Corporation0.17%$82.4m892.9K−4.0% Reduced
DEDeere & Company0.17%$82.4m129.8K−5.6% Reduced
ISRGIntuitive Surgical0.16%$77.9m195.9K0.0%
BLKBlackRock0.15%$76.3m79.4K−1.1% Reduced
CVSCVS Health0.15%$75.8m733.1K−1.2% Reduced
BKNGBooking Holdings0.15%$74.5m418.0K+2321.7% Added
PFEPfizer0.15%$73.1m3.04M−1.2% Reduced
COPConocoPhillips0.15%$72.2m694.3K+3.4% Added
DELLDell Technologies0.14%$71.8m166.5K−2.7% Reduced
CRMSalesforce0.14%$69.4m442.9K−11.7% Reduced
UBERUber0.14%$68.9m954.8K−10.6% Reduced
VRTVertiv0.14%$68.8m205.4K−6.7% Reduced
COFCapital One0.14%$68.4m341.1K−5.3% Reduced
PLDPrologis0.14%$68.4m504.8K−0.8% Reduced
PGRProgressive Corporation0.14%$68.2m312.3K−1.3% Reduced
VRTXVertex Pharmaceuticals0.14%$67.5m135.8K−0.5% Reduced
TDToronto Dominion Bank0.14%$66.9m550.6K+0.8% Added
LOWLowe's0.13%$66.0m299.2K−0.4%
SPGIS&P Global0.13%$66.0m162.0K−4.8% Reduced
NSCNorfolk Southern0.13%$65.9m209.6K−7.7% Reduced
PHParker Hannifin0.13%$65.9m67.4K−2.3% Reduced
APPApplovin Corp0.13%$65.2m126.5K−8.3% Reduced
DHRDanaher Corporation0.13%$64.8m340.2K−0.5%
LENLennar0.13%$64.8m716.0K+351.8% Added
HWMHowmet Aerospace0.13%$64.6m240.3K+6.6% Added
MOAltria0.13%$64.2m891.8K−0.8% Reduced
CBChubb Limited0.13%$63.6m186.8K−7.6% Reduced
PWRQuanta Services0.13%$63.6m88.3K−1.8% Reduced
BMYBristol Myers Squibb0.13%$62.8m1.09M−0.5% Reduced
SBUXStarbucks0.13%$62.1m608.2K−1.2% Reduced
UBSUBS Group AG0.12%$59.1m1.19M+2.3% Added
BNYBNY Mellon0.12%$58.1m401.8K+5.7% Added
TTTrane Technologies0.12%$58.0m118.1K−5.9% Reduced
SYKStryker Corporation0.12%$58.0m184.1K−3.5% Reduced
CMICummins0.12%$57.9m81.2K+1.1% Added
SOSouthern Company0.12%$57.2m598.1K+1.4% Added
NOWServiceNow0.11%$56.5m568.9K−0.7% Reduced
LMTLockheed Martin0.11%$56.4m110.6K−0.7% Reduced
EQIXEquinix0.11%$56.1m53.8K+0.1%
NEMNewmont0.11%$55.6m595.6K−9.9% Reduced
CDNSCadence Design Systems Inc0.11%$55.2m147.0K−2.8% Reduced
MDTMedtronic0.11%$54.5m696.4K+0.1%
PNCPNC Financial Services0.11%$52.9m214.8K−0.9% Reduced
USBU.S. Bancorp0.11%$52.6m871.5K−5.0% Reduced
DUKDuke Energy0.11%$52.4m414.1K−3.1% Reduced
MCKMcKesson0.10%$52.1m68.9K−10.8% Reduced
FTNTFortinet0.10%$51.6m335.6K−3.1% Reduced
ORLYO'Reilly Automotive0.10%$51.1m554.7K+14.0% Added
CSXCSX Corporation0.10%$49.8m1.05M−0.2%
CMCSAComcast0.10%$49.5m2.02M+2.6% Added
WMBWilliams Companies0.10%$48.4m651.1K−10.5% Reduced
FCXFreeport-McMoRan0.10%$48.3m767.6K−0.2%
ADPAutomatic Data Processing0.10%$48.2m215.1K−0.7% Reduced
WMWaste Management0.10%$47.9m214.7K−1.9% Reduced
JCIJohnson Controls0.10%$47.7m326.7K−4.8% Reduced
VLOValero Energy0.10%$47.7m183.2K−7.7% Reduced
MDLZMondelez International0.10%$46.9m811.4K+6.7% Added
BXBlackstone Inc.0.09%$46.6m396.2K+0.2%
TERTeradyne0.09%$46.5m96.2K−6.1% Reduced
AMTAmerican Tower0.09%$45.8m280.1K+11.7% Added
CMECME Group0.09%$45.7m206.8K+5.6% Added
MMM3M0.09%$45.5m281.2K−1.1% Reduced
ELVElevance Health0.09%$45.4m117.4K−1.3% Reduced
ROSTRoss Stores0.09%$44.5m209.1K+15.6% Added
MARMarriott International0.09%$44.3m119.5K−5.1% Reduced
FDXFedEx0.09%$44.3m141.4K+18.3% Added
ADBEAdobe Inc.0.09%$44.3m215.9K−3.7% Reduced
TMUST-Mobile US0.09%$44.2m263.6K−4.0% Reduced
SHOPShopify Inc.0.09%$44.0m385.1K−0.1%
COHRCoherent Corp.0.09%$43.7m110.8K−2.0% Reduced
GDGeneral Dynamics0.09%$43.7m123.3K0.0%
DDOGDatadog, Inc.0.09%$43.5m167.1K−7.4% Reduced
SNOWSnowflake Inc.0.09%$43.5m170.7K−1.3% Reduced
SNPSSynopsys Inc0.09%$43.4m97.3K−4.9% Reduced
CompanyBought (value)Shares
KLACKLA Corporation$187.9m622.9K
BKNGBooking Holdings$71.4m400.7K
LENLennar$50.5m557.6K
ZZillow Group, Inc.$46.6m1.48M
HONHoneywell Technologies$38.0m169.6K
HONAHoneywell Aerospace$37.5m169.6K
CCLCarnival Corporation$19.5m681.7K
PAAPlains ALL American Pipeline LP$18.2m819.3K
CVNACarvana$17.8m270.6K
EGOEldorado Gold Corp$16.2m519.4K
SPCXSpace Exploration Technologies Corp$15.7m91.9K
DDDuPont$13.0m95.9K
DVNDevon Energy$13.0m313.5K
ECHOEchoStar$12.2m120.2K
FDXFFedEx Freight$12.1m79.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NVDANVIDIA Corporation−$140.5m−702.3K
INTCIntel−$27.8m−199.4K
AAPLApple Inc.−$21.8m−75.2K
WDCWestern Digital−$15.8m−24.7K
AVGOBroadcom−$14.9m−39.3K
KDPKeurig Dr Pepper−$13.7m−418.5K
STXSeagate Technology−$13.7m−14.2K
KMBKimberly-Clark−$13.3m−121.2K
GEVGE Vernova−$13.2m−11.2K
PANWPalo Alto Networks−$13.0m−38.2K
MSFTMicrosoft Corporation−$12.4m−33.2K
LRCXLam Research−$12.2m−28.2K
GEGE Aerospace−$11.9m−31.7K
ASHAshland Inc.−$11.3m−172.0K
MSMorgan Stanley−$11.0m−52.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
AOSLAlpha & Omega Semiconductor Ltd$1.7m78.5K
MXMagnachip Semiconductor Corp$1.6m557.6K
VNDAVanda Pharmaceuticals Inc.$1.4m200.5K
BLBlackline, Inc.$1.2m33.2K
FULCFulcrum Therapeutics, Inc.$1.2m154.4K
YEXTYext, Inc.$1.1m286.6K
APOGApogee Enterprises, Inc.$1.1m32.4K
EBSEmergent Biosolutions Inc.$1.0m125.9K
SVVSavers Value Village, Inc.$1.0m134.9K
ONONOn Holding AG$1.0m29.5K
DFHDream Finders Homes, Inc.$928,72866.7K
CRMTAmericas Carmart Inc$797,30562.6K
LARLithium Argentina AG$786,357118.0K
CNXNPC Connection Inc$781,14313.4K
RNGRRanger Energy Services, Inc.$727,98742.5K
GRPNGroupon, Inc.$674,19556.7K
PXEDPhoenix Education Partners, Inc.$655,12320.8K
ZVRAZevra Therapeutics, Inc.$604,46764.9K
LMBLimbach Holdings, Inc.$572,8097.3K
BANDBandwidth Inc.$544,13430.5K
NTGRNetgear, Inc.$540,27824.7K
ERIIEnergy Recovery, Inc.$534,97953.1K
AGFirst Majestic Silver Corp$521,59124.4K
ICFIICF International, Inc.$505,8027.7K
ORICOric Pharmaceuticals, Inc.$485,19838.3K
FUBOFubotv Inc.$478,25050.6K
DINDine Brands Global, Inc.$470,24717.9K
HBMHudbay Minerals Inc.$458,27722.0K
NAGENiagen Bioscience, Inc.$457,749103.8K
CTKBCytek Biosciences, Inc.$454,681104.0K
  • Technology34.6%
  • Financials12.3%
  • Industrials10.9%
  • Health Care10.0%
  • Consumer Discretionary9.7%
  • Communication Services7.1%
  • Consumer Staples4.4%
  • Energy3.0%
  • Real Estate2.8%
  • Materials2.6%
  • Utilities2.3%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+13.9%+14.1%0.750.78−33.6%1.03
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.2%+13.9%0.610.66−33.6%1.03
Last three yearsNovember 3, 2023 to November 2, 2026+20.5%+21.8%1.081.16−17.7%0.99
Last yearNovember 7, 2025 to November 2, 2026+13.7%+14.2%0.830.84−8.6%0.93

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.