STATE OF WISCONSIN INVESTMENT BOARD

Q3 2025 13F-HR Holdings

Location
Madison, WI
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
2,366
Total value ($000)
$43,620,533
Net value change ($000)
+2,643,439 (6.5%)
New positions
207
Sold out positions
189
Turnover %
1.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
AAPL 353,180 20.6%
NVDA 328,729 15.5%
GOOGL 198,132 35.0%
TSLA 185,920 37.7%
RSP 164,424 13.2%
GOOGL 162,077 33.6%
AVGO 123,773 18.0%
BRK-B 102,663 31.4%
FOXA 85,518 25.6%
ZG 62,297 70.2%
Top Reduces (Value $000, Stocks/ETFs)
NFLX -45,691 -14.0%
AHC -43,775 -100.0%
XHB -39,428 -100.0%
LBRDA -38,496 -40.0%
AKX -28,070 -100.0%
META -26,793 -3.0%
INTU -25,073 -19.5%
V -24,518 -7.2%
CRM -23,945 -16.2%
COST -23,677 -9.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 118,438 (0.3% 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