§ 13F · FUND PROFILE
STATE OF WISCONSIN INVESTMENT BOARD.
Wisconsin state pension fund
AUM · $43620.5T (13F)Positions · 2366Turnover · 95% · Q4Filed · Feb 17, 2026
CONCENTRATION
29%
Top 10 holdings
NEW BUYS
+253
+$1552.9T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-1pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 12.61M | $2351.1T | 5.3% | −4% |
| 2 | AAPL | APPLE INC | 7.71M | $2096.3T | 4.7% | −5% |
| 3 | MSFT | MICROSOFT CORP | 3.67M | $1774.7T | 4.0% | −4% |
| 4 | RSP | INVESCO EXCHANGE TRADED FD T | 8.49M | $1625.5T | 3.6% | +14% |
| 5 | AMZN | AMAZON COM INC | 4.99M | $1151.1T | 2.6% | −3% |
| 6 | GOOGL | ALPHABET INC | 3.02M | $946.6T | 2.1% | −4% |
| 7 | AVGO | BROADCOM INC | 2.38M | $823.2T | 1.8% | −3% |
| 8 | GOOG | ALPHABET INC | 2.54M | $795.8T | 1.8% | −4% |
| 9 | META | META PLATFORMS INC | 1.12M | $742.2T | 1.7% | −4% |
| 10 | TSLA | TESLA INC | 1.47M | $659.7T | 1.5% | −4% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other42.5% (+1pp)
Technology14.0% (−1pp)
Semiconductors10.1% (±0)
Media9.1% (±0)
Financial Services5.7% (±0)
Retail5.7% (±0)
§ 03 · THE STATE SIGNAL
AC read
STATE OF WISCONSIN INVESTMENT BOARD is a Income / Defensive fund managing $43620532.6 trillion in assets. The fund runs a massive portfolio of 2,366 positions, broad diversification across holdings, with the top 10 accounting for 29%. Trading activity is aggressive at 95% quarterly turnover, with 253 new positions and 0 exits last quarter. Top sector allocations: Other (43%), Technology (14%), Semiconductors (10%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+253 buys · −0 exits · 1985 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed