1y return+17.5%S&P 500 +20.9%
3y return+57.9%S&P 500 +68.5%
5y return+53.4%S&P 500 +74.5%
10y return+207.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $308 against $357 in the S&P 500.2
State Of Wisconsin Investment BoardS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $2.5B | 5.0% | −5.4% |
| AAPLApple Inc | $2.3B | 4.6% | |
| RSPInvesco Exchange Traded Fd T | $1.6B | 3.2% | +13.2% |
| MSFTMicrosoft Corp | $1.4B | 2.8% | |
| AMZNAmazon Com Inc | $1.2B | 2.5% | |
| GOOGLAlphabet Inc | $1.1B | 2.2% | |
| GOOGAlphabet Inc | $1.1B | 2.2% | +19.6% |
| AVGOBroadcom Inc | $913.1M | 1.8% | −1.6% |
| MUMicron Technology Inc | $694.3M | 1.4% | |
| METAMeta Platforms Inc | $659.8M | 1.3% | |
| TSLATesla Inc | $631.4M | 1.3% | |
| HEI/AHeico Corp New | $546.3M | 1.1% | +47.6% |
| LLYEli Lilly & Co | $513.6M | 1.0% | |
| AMDAdvanced Micro Devices Inc | $506.1M | 1.0% | |
| JPMJpmorgan Chase & Co | $468.2M | 0.9% | −1.9% |
| HAPIHarbor Etf Trust | $438.2M | 0.9% | |
| BRK/ABerkshire Hathaway Inc Del | $426.1M | 0.9% | −9.7% |
| BRK/BBerkshire Hathaway Inc Del | $374.1M | 0.8% | |
| FOXFox Corp | $373.9M | 0.8% | +2.1% |
| INTCIntel Corp | $333.0M | 0.7% | −7.7% |
| JNJJohnson & Johnson | $326.2M | 0.7% | |
| VVisa Inc | $307.5M | 0.6% | −1.5% |
| AMATApplied Matls Inc | $306.0M | 0.6% | −1.7% |
| Exxon Mobil CorpCUSIP 30231G102 | $303.0M | 0.6% | −1.8% |
| LRCXLam Research Corp | $297.4M | 0.6% | −3.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $2.5B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $913.1M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $306.0M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $506.1M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $264.2M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $513.6M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $297.4M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $1.1B |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $1.1B |
| GEGe Aerospace | September 30, 2021 | +262.7% | $208.5M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $76.8M
- EMBIshares Tr was $54.5M
- Carnival PLCCUSIP 14365C103 was $28.5M
- HYGIshares Tr was $25.9M
- VCSHVanguard Scottsdale Fds was $25.7M
- Carnival CorpCUSIP 143658300 was $16.3M
- CTRACoterra Energy Inc was $14.5M
- Dupont De Nemours IncCUSIP 26614N102 was $13.0M
- ARGTGlobal X Fds was $11.9M
- Hologic IncCUSIP 436440101 was $9.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.6% | +14.8% |
| March 31, 2026 | −3.6% | −4.6% |
| December 31, 2025 | +1.8% | +2.4% |
| September 30, 2025 | +7.2% | +7.8% |
| June 30, 2025 | +10.2% | +10.5% |
| March 31, 2025 | −4.7% | −4.6% |
| December 31, 2024 | +2.0% | +2.1% |
| September 30, 2024 | +6.1% | +5.4% |
| June 30, 2024 | +1.7% | +4.0% |
| March 31, 2024 | +8.7% | +10.0% |
| December 31, 2023 | +11.1% | +11.2% |
| September 30, 2023 | −3.8% | −3.6% |
| June 30, 2023 | +6.8% | +8.3% |
| March 31, 2023 | +6.5% | +7.0% |
| December 31, 2022 | +6.6% | +7.1% |
| September 30, 2022 | −5.0% | −5.3% |
| June 30, 2022 | −16.9% | −16.5% |
| March 31, 2022 | −5.9% | −4.9% |
| December 31, 2021 | +8.6% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: State Of Wisconsin Investment Board Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=854157&type=13F-HR&dateb=&owner=include&count=40CIK 854157
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/854157/000106299326004375/Filed August 14, 2026 · accession 0001062993-26-004375