# STATE OF WISCONSIN INVESTMENT BOARD

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 854157. Source: https://holderbook.com/funds/854157-state-of-wisconsin-investment-board/

- Reported value: $49.6B
- Positions: 2,527
- Weight of the ten largest: 27.1%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.5B | 12,328,989 | 5.0% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.3B | 7,830,625 | 4.6% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.6B | 7,468,879 | 3.2% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4B | 3,767,812 | 2.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.2B | 5,164,201 | 2.5% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.1B | 3,105,936 | 2.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.1B | 3,114,324 | 2.2% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $913.1M | 2,417,133 | 1.8% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $694.3M | 601,531 | 1.4% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $659.8M | 1,171,368 | 1.3% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $631.4M | 1,501,177 | 1.3% | 31 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $546.3M | 2,118,107 | 1.1% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $513.6M | 428,209 | 1.0% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $506.1M | 871,173 | 1.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $468.2M | 1,430,418 | 0.9% | 31 |
| HARBOR ETF TRUST | [HAPI](https://holderbook.com/stocks/HAPI/) | $438.2M | 9,871,200 | 0.9% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $426.1M | 569 | 0.9% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $374.1M | 747,711 | 0.8% | 31 |
| FOX CORP | [FOX](https://holderbook.com/stocks/FOX/) | $373.9M | 7,982,174 | 0.8% | 30 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $333.0M | 2,384,964 | 0.7% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $326.2M | 1,284,259 | 0.7% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $307.5M | 896,404 | 0.6% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $306.0M | 423,289 | 0.6% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $303.0M | 2,216,423 | 0.6% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $297.4M | 686,377 | 0.6% | 7 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $288.6M | 14,170,000 | 0.6% | 3 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $267.8M | 5,549,725 | 0.5% | 17 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $264.9M | 2,338,988 | 0.5% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $264.2M | 248,082 | 0.5% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $250.1M | 2,129,342 | 0.5% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $237.4M | 943,411 | 0.5% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $228.9M | 445,731 | 0.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $221.4M | 236,660 | 0.4% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $210.9M | 699,073 | 0.4% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $208.5M | 557,982 | 0.4% | 20 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $208.1M | 3,651,625 | 0.4% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $206.3M | 90,739 | 0.4% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $201.3M | 484,304 | 0.4% | 31 |
| NEWS CORP NEW | [NWSA](https://holderbook.com/stocks/NWSA/) | $189.9M | 7,648,820 | 0.4% | 27 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $187.4M | 531,495 | 0.4% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $181.8M | 1,239,490 | 0.4% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $169.7M | 2,480,428 | 0.3% | 24 |
| HARBOR ETF TRUST | [HAPS](https://holderbook.com/stocks/HAPS/) | $169.7M | 4,520,000 | 0.3% | 13 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $169.5M | 1,318,963 | 0.3% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $169.4M | 2,084,840 | 0.3% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $169.4M | 144,196 | 0.3% | 9 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $163.5M | 986,154 | 0.3% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $161.5M | 2,261,921 | 0.3% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $159.1M | 157,357 | 0.3% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $150.4M | 831,420 | 0.3% | 31 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $149.4M | 1,849,057 | 0.3% | 21 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $147.6M | 432,689 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $144.8M | 485,664 | 0.3% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $142.4M | 478,038 | 0.3% | 21 |
| HARBOR ETF TRUST | [EFFE](https://holderbook.com/stocks/EFFE/) | $141.5M | 5,140,000 | 0.3% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $140.8M | 500,555 | 0.3% | 31 |
| HARBOR ETF TRUST | [EFFI](https://holderbook.com/stocks/EFFI/) | $139.5M | 5,500,000 | 0.3% | 7 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $136.2M | 717,946 | 0.3% | 25 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $135.7M | 1,163,405 | 0.3% | 21 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $135.1M | 1,634,786 | 0.3% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $134.8M | 920,104 | 0.3% | 31 |
| PETROLEO BRASILEIRO S A | [PBRA](https://holderbook.com/stocks/PBRA/) | $133.6M | 9,125,782 | 0.3% | 2 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $132.8M | 635,124 | 0.3% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $130.4M | 931,609 | 0.3% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $128.2M | 247,115 | 0.3% | 14 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $126.1M | 197,420 | 0.3% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $119.1M | 123,388 | 0.2% | 21 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $115.7M | 656,077 | 0.2% | 31 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $111.8M | 3,545,882 | 0.2% | 27 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $108.3M | 423,892 | 0.2% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $106.0M | 573,504 | 0.2% | 31 |
| LIBERTY MEDIA CORP DEL | [FWONA](https://holderbook.com/stocks/FWONA/) | $104.6M | 1,195,287 | 0.2% | 12 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $104.2M | 287,659 | 0.2% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $103.4M | 260,436 | 0.2% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $102.4M | 378,797 | 0.2% | 31 |
| SIMPLIFY EXCHANGE TRADED FUN | [CCOM](https://holderbook.com/stocks/CCOM/) | $100.8M | 4,202,200 | 0.2% | 2 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $100.6M | 131,830 | 0.2% | 25 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $100.6M | 743,002 | 0.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $99.5M | 198,373 | 0.2% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $97.6M | 1,112,404 | 0.2% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $96.7M | 569,429 | 0.2% | 7 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $96.0M | 633,978 | 0.2% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $96.0M | 283,762 | 0.2% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $94.4M | 2,229,098 | 0.2% | 31 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $91.1M | 440,281 | 0.2% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $90.9M | 944,921 | 0.2% | 31 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $88.9M | 475,058 | 0.2% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $88.2M | 207,029 | 0.2% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $86.4M | 398,945 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $86.2M | 316,893 | 0.2% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $85.3M | 375,940 | 0.2% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $84.4M | 929,695 | 0.2% | 31 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $84.1M | 4,063,966 | 0.2% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $83.7M | 662,319 | 0.2% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $82.4M | 892,865 | 0.2% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $82.4M | 129,832 | 0.2% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $77.9M | 195,875 | 0.2% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $76.3M | 79,365 | 0.2% | 7 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $75.8M | 733,126 | 0.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $74.5M | 417,978 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.3% | +14.8% | -0.6% | 98% |
| Q1 2026 | -3.6% | -4.6% | +1.0% | 98% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 98% |
| Q3 2025 | +7.3% | +7.8% | -0.5% | 99% |
| Q2 2025 | +10.2% | +10.5% | -0.3% | 99% |
| Q1 2025 | -4.7% | -4.6% | -0.1% | 99% |
| Q4 2024 | +2.0% | +2.1% | -0.2% | 98% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $49.6B | 2,527 |
| Q1 2026 | $43.7B | 2,488 |
| Q4 2025 | $44.7B | 2,365 |
| Q3 2025 | $43.6B | 2,365 |
| Q2 2025 | $41.0B | 2,312 |
| Q1 2025 | $38.7B | 2,241 |
| Q4 2024 | $39.2B | 2,261 |
| Q3 2024 | $39.8B | 2,279 |
| Q2 2024 | $37.8B | 2,294 |
| Q1 2024 | $37.9B | 2,212 |
| Q4 2023 | $35.4B | 2,352 |
| Q3 2023 | $32.0B | 2,503 |