STATE OF WISCONSIN INVESTMENT BOARD

Q1 2025 13F-HR Holdings

Location
Madison, WI
Holdings as of
3/31/2025
Date filed
5/15/2025
Form type
13F-HR
Num holdings
2,241
Total value ($000)
$38,713,318
Net value change ($000)
-489,797 (-1.2%)
New positions
124
Sold out positions
139
Turnover %
2.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/14/2025 Next filing: 8/14/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
RSP 773,890 3803.3%
GOOGL 207,689 31.2%
BRK-B 120,631 96.3%
EFFE 106,247 NEW
BRK-B 66,179 19.8%
EFFI 61,493 125.1%
V 49,415 16.2%
EEM 49,081 48.5%
FOXA 47,858 17.9%
IVV 44,242 189.7%
Top Reduces (Value $000, Stocks/ETFs)
NVDA -326,374 -17.3%
IBIT -321,502 -100.0%
AAPL -220,895 -10.1%
TSLA -215,230 -33.4%
MSFT -150,559 -8.8%
AVGO -144,391 -24.5%
AMZN -128,081 -10.9%
GOOGL -94,352 -17.7%
USHY -85,240 -100.0%
NOW -32,546 -25.2%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 69,154 (0.2% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type