STATE OF WISCONSIN INVESTMENT BOARD

MADISON, WI · CIK 854157 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityState of Wisconsin Investment Board (US)

Kindasset owner
Others nearbyMadison, WI

As an employer

US visa salary filings

Filings FY2024–202614
Median salary offered$128,125
Middle half$98,625 – $139,875
Job titles8

Job title	Filings	Median	Range
Data Engineer, Senior AdvancedMadison, WI	2	$159,250	$153,500 – $165,000
Senior Business Systems AnalystMadison, WI	2	$134,500	$132,500 – $136,500
Quantitative AnalystMadison, WI	2	$128,125	$125,000 – $131,250
Business Systems AnalystMadison, WI	2	$122,250	$120,000 – $124,500
Investment Operations AnalystMadison, WI	2	$89,750	$88,000 – $91,500
Information Delivery AnalystChicago, IL	2	$68,750	$67,500 – $70,000
Head Economist, Asset & Risk Allocation Chief Invest OfficerMadison, WI	1	$400,000
Senior AnalystMadison, WI	1	$141,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: State of Wisconsin Investment Board.

$49.6bn reported value +13.5% vs Q1 2026

2,527positions

27.1%in top 10

222 new 1,019 added 1,241 reduced 182 sold out vs Q1 2026

Options: 2 call positions ($1.8m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	12,328,989	$2.5bn4.98%	4.98%	Reduced -702.3k	-702,263 -5.4%
2	APPLE INC COM AAPL	AAPL	7,830,625	$2.3bn4.57%	4.57%	Reduced -75.2k	-75,234 -0.9%
3	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	7,468,879	$1.6bn3.21%	3.21%	Added +872.4k	+872,379 13.2%
4	MICROSOFT CORP COM MSFT	MSFT	3,767,812	$1.4bn2.84%	2.84%	Reduced -33.2k	-33,221 -0.9%
5	AMAZON COM INC COM AMZN	AMZN	5,164,201	$1.2bn2.48%	2.48%	Reduced -6.2k	-6,189 -0.1%
6	ALPHABET INC CAP STK CL A GOOGL	GOOGL	3,105,936	$1.1bn2.24%	2.24%	Reduced -22.1k	-22,122 -0.7%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	3,114,324	$1.1bn2.22%	2.22%	Added +511.1k	+511,132 19.6%
8	BROADCOM INC COM AVGO	AVGO	2,417,133	$913.1m1.84%	1.84%	Reduced -39.3k	-39,329 -1.6%
9	MICRON TECHNOLOGY INC COM MU	MU	601,531	$694.3m1.40%	1.40%	Reduced -1.2k	-1,172 -0.2%
10	META PLATFORMS INC CL A META	META	1,171,368	$659.8m1.33%	1.33%	Added +4.2k	+4,243 0.4%
11	TESLA INC COM TSLA	TSLA	1,501,177	$631.4m1.27%	1.27%	Reduced -13.5k	-13,458 -0.9%
12	HEICO CORP NEW CL A HEI.A	HEI.A	2,118,107	$546.3m1.10%	1.10%	Added +683.5k	+683,478 47.6%
13	ELI LILLY & CO COM LLY	LLY	428,209	$513.6m1.04%	1.04%	Reduced -3.0k	-2,953 -0.7%
14	ADVANCED MICRO DEVICES INC COM AMD	AMD	871,173	$506.1m1.02%	1.02%	Reduced -4.9k	-4,860 -0.6%
15	JPMORGAN CHASE & CO COM JPM	JPM	1,430,418	$468.2m0.94%	0.94%	Reduced -27.0k	-27,002 -1.9%
16	HARBOR ETF TRUST HUMAN CAP LARGE HAPI	HAPI	9,871,200	$438.2m0.88%	0.88%	Unchanged
17	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	569	$426.1m0.86%	0.86%	Reduced -61	-61 -9.7%
18	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	747,711	$374.1m0.76%	0.76%	Added +4.7k	+4,657 0.6%
19	FOX CORP CL B COM FOX	FOX	7,982,174	$373.9m0.75%	0.75%	Added +161.5k	+161,466 2.1%
20	INTEL CORP COM INTC	INTC	2,384,964	$333.0m0.67%	0.67%	Reduced -199.4k	-199,390 -7.7%
21	JOHNSON & JOHNSON COM JNJ	JNJ	1,284,259	$326.2m0.66%	0.66%	Reduced -10.9k	-10,930 -0.8%
22	VISA INC COM CL A V	V	896,404	$307.5m0.62%	0.62%	Reduced -13.8k	-13,764 -1.5%
23	APPLIED MATLS INC COM AMAT	AMAT	423,289	$306.0m0.62%	0.62%	Reduced -7.2k	-7,170 -1.7%
24	EXXON MOBIL CORP COM XOM	XOM	2,216,423	$303.0m0.61%	0.61%	Reduced -41.4k	-41,351 -1.8%
25	LAM RESEARCH CORP COM NEW LRCX	LRCX	686,377	$297.4m0.60%	0.60%	Reduced -28.2k	-28,219 -4.0%
26	INVESCO EXCH TRADED FD TR II SR LN ETF BKLN	BKLN	14,170,000	$288.6m0.58%	0.58%	Added +9.6m	+9,550,000 206.7%
27	ISHARES TR CORE 1 5 YR USD ISTB	ISTB	5,549,725	$267.8m0.54%	0.54%	Added +134.7k	+134,700 2.5%
28	WALMART INC COM WMT	WMT	2,338,988	$264.9m0.53%	0.53%	Reduced -8.4k	-8,449 -0.4%
29	CATERPILLAR INC COM CAT	CAT	248,082	$264.2m0.53%	0.53%	Reduced -5.8k	-5,787 -2.3%
30	CISCO SYS INC COM CSCO	CSCO	2,129,342	$250.1m0.50%	0.50%	Reduced -75.7k	-75,678 -3.4%
31	ABBVIE INC COM ABBV	ABBV	943,411	$237.4m0.48%	0.48%	Reduced -7.3k	-7,320 -0.8%
32	MASTERCARD INCORPORATED CL A MA	MA	445,731	$228.9m0.46%	0.46%	Reduced -15.4k	-15,397 -3.3%
33	COSTCO WHSL CORP NEW COM COST	COST	236,660	$221.4m0.45%	0.45%	Reduced -3.7k	-3,734 -1.6%
34	KLA CORP COM NEW KLAC	KLAC	699,073	$210.9m0.43%	0.43%	Reduced -62.9k	-62,907 -8.3%
35	GE AEROSPACE COM NEW GE	GE	557,982	$208.5m0.42%	0.42%	Reduced -31.7k	-31,733 -5.4%
36	BANK AMERICA CORP COM BAC	BAC	3,651,625	$208.1m0.42%	0.42%	Reduced -33.6k	-33,635 -0.9%
37	SANDISK CORP COM SNDK	SNDK	90,739	$206.3m0.42%	0.42%	Added +1.9k	+1,942 2.2%
38	UNITEDHEALTH GROUP INC COM UNH	UNH	484,304	$201.3m0.41%	0.41%	Reduced -768	-768 -0.2%
39	NEWS CORP NEW CL A NWSA	NWSA	7,648,820	$189.9m0.38%	0.38%	Added +49.8k	+49,846 0.7%
40	HOME DEPOT INC COM HD	HD	531,495	$187.4m0.38%	0.38%	Reduced -1.9k	-1,904 -0.4%
41	PROCTER AND GAMBLE CO COM PG	PG	1,239,490	$181.8m0.37%	0.37%	Reduced -11.6k	-11,642 -0.9%
42	ISHARES TR MSCI EMG MKT ETF EEM	EEM	2,480,428	$169.7m0.34%	0.34%	Reduced -48.2k	-48,200 -1.9%
43	HARBOR ETF TRUST HUMAN CAP FACTOR HAPS	HAPS	4,520,000	$169.7m0.34%	0.34%	Unchanged
44	MERCK & CO INC COM MRK	MRK	1,318,963	$169.5m0.34%	0.34%	Reduced -47.0k	-47,038 -3.4%
45	COCA COLA CO COM KO	KO	2,084,840	$169.4m0.34%	0.34%	Reduced -104.5k	-104,450 -4.8%
46	GE VERNOVA INC COM GEV	GEV	144,196	$169.4m0.34%	0.34%	Reduced -11.2k	-11,249 -7.2%
47	CHEVRON CORP NEW COM CVX	CVX	986,154	$163.5m0.33%	0.33%	Reduced -39.4k	-39,402 -3.8%
48	NETFLIX INC COM NFLX	NFLX	2,261,921	$161.5m0.33%	0.33%	Reduced -39.1k	-39,104 -1.7%
49	GOLDMAN SACHS GROUP INC COM GS	GS	157,357	$159.1m0.32%	0.32%	Reduced -4.4k	-4,364 -2.7%
50	PHILIP MORRIS INTL INC COM PM	PM	831,420	$150.4m0.30%	0.30%	Reduced -8.9k	-8,868 -1.1%
51	ARK ETF TR INNOVATION ETF ARKK	ARKK	1,849,057	$149.4m0.30%	0.30%	Reduced -1.1m	-1,104,487 -37.4%
52	PALO ALTO NETWORKS INC COM PANW	PANW	432,689	$147.6m0.30%	0.30%	Reduced -38.2k	-38,160 -8.1%
53	TEXAS INSTRS INC COM TXN	TXN	485,664	$144.8m0.29%	0.29%	Reduced -7.3k	-7,321 -1.5%
54	MARVELL TECHNOLOGY INC COM MRVL	MRVL	478,038	$142.4m0.29%	0.29%	Added +35.8k	+35,839 8.1%
55	HARBOR ETF TRUST OSMOSIS EMERGING EFFE	EFFE	5,140,000	$141.5m0.29%	0.29%	Unchanged
56	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	500,555	$140.8m0.28%	0.28%	Reduced -6.0k	-6,021 -1.2%
57	HARBOR ETF TRUST OSMOSIS INTL RES EFFI	EFFI	5,500,000	$139.5m0.28%	0.28%	Unchanged
58	RTX CORPORATION COM RTX	RTX	717,946	$136.2m0.27%	0.27%	Reduced -9.5k	-9,466 -1.3%
59	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	1,163,405	$135.7m0.27%	0.27%	Reduced -69.3k	-69,297 -5.6%
60	WELLS FARGO CO NEW COM WFC	WFC	1,634,786	$135.1m0.27%	0.27%	Reduced -45.6k	-45,557 -2.7%
61	ORACLE CORP COM ORCL	ORCL	920,104	$134.8m0.27%	0.27%	Reduced -5.6k	-5,605 -0.6%
62	PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG PBR.A	PBR.A	9,125,782	$133.6m0.27%	0.27%	Added +7.9m	+7,948,500 675.2%
63	MORGAN STANLEY COM NEW MS	MS	635,124	$132.8m0.27%	0.27%	Reduced -52.5k	-52,495 -7.6%
64	CITIGROUP INC COM NEW C	C	931,609	$130.4m0.26%	0.26%	Reduced -47.6k	-47,579 -4.9%
65	LINDE PLC SHS LIN	LIN	247,115	$128.2m0.26%	0.26%	Reduced -5.0k	-5,039 -2.0%
66	WESTERN DIGITAL CORP COM WDC	WDC	197,420	$126.1m0.25%	0.25%	Reduced -24.7k	-24,710 -11.1%
67	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	123,388	$119.1m0.24%	0.24%	Reduced -14.2k	-14,161 -10.3%
68	AMPHENOL CORP CL A APH	APH	656,077	$115.7m0.23%	0.23%	Reduced -3.0k	-2,997 -0.5%
69	ZILLOW GROUP INC CL C CAP STK Z	Z	3,545,882	$111.8m0.23%	0.23%	Added +1.5m	+1,477,843 71.5%
70	CORNING INC COM GLW	GLW	423,892	$108.3m0.22%	0.22%	Reduced -11.8k	-11,831 -2.7%
71	QUALCOMM INC COM QCOM	QCOM	573,504	$106.0m0.21%	0.21%	Added +4.2k	+4,163 0.7%
72	LIBERTY MEDIA CORP DEL COM LBTY ONE S A FWONA	FWONA	1,195,287	$104.6m0.21%	0.21%	Reduced -98.7k	-98,687 -7.6%
73	AMGEN INC COM AMGN	AMGN	287,659	$104.2m0.21%	0.21%	Reduced -710	-710 -0.2%
74	ANALOG DEVICES INC COM ADI	ADI	260,436	$103.4m0.21%	0.21%	Reduced -1.8k	-1,790 -0.7%
75	MCDONALDS CORP COM MCD	MCD	378,797	$102.4m0.21%	0.21%	Reduced -2.6k	-2,570 -0.7%
76	SIMPLIFY EXCHANGE TRADED FUN CHINESE COME CCOM	CCOM	4,202,200	$100.8m0.20%	0.20%	Unchanged
77	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	131,830	$100.6m0.20%	0.20%	Reduced -3.2k	-3,160 -2.3%
78	PEPSICO INC COM PEP	PEP	743,002	$100.6m0.20%	0.20%	Added +10.8k	+10,810 1.5%
79	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	198,373	$99.5m0.20%	0.20%	Reduced -7.3k	-7,322 -3.6%
80	NEXTERA ENERGY INC COM NEE	NEE	1,112,404	$97.6m0.20%	0.20%	Reduced -6.1k	-6,108 -0.6%
81	ARISTA NETWORKS INC COM SHS ANET	ANET	569,429	$96.7m0.20%	0.20%	Reduced -11.1k	-11,080 -1.9%
82	TJX COS INC NEW COM TJX	TJX	633,978	$96.0m0.19%	0.19%	Added +39.3k	+39,302 6.6%
83	AMERICAN EXPRESS CO COM AXP	AXP	283,762	$96.0m0.19%	0.19%	Reduced -11.1k	-11,138 -3.8%
84	VERIZON COMMUNICATIONS INC COM VZ	VZ	2,229,098	$94.4m0.19%	0.19%	Reduced -28.8k	-28,830 -1.3%
85	ROYAL BK CDA COM RY	RY	440,281	$91.1m0.18%	0.18%	Reduced -1.8k	-1,800 -0.4%
86	DISNEY WALT CO COM DIS	DIS	944,921	$90.9m0.18%	0.18%	Reduced -27.3k	-27,283 -2.8%
87	ASTRAZENECA PLC ORD AZN	AZN	475,058	$88.9m0.18%	0.18%	Reduced -23.6k	-23,646 -4.7%
88	EATON CORP PLC SHS ETN	ETN	207,029	$88.2m0.18%	0.18%	Reduced -965	-965 -0.5%
89	BOEING CO COM BA	BA	398,945	$86.4m0.17%	0.17%	Reduced -20.4k	-20,415 -4.9%
90	UNION PAC CORP COM UNP	UNP	316,893	$86.2m0.17%	0.17%	Reduced -738	-738 -0.2%
91	WELLTOWER INC COM WELL	WELL	375,940	$85.3m0.17%	0.17%	Added +6.9k	+6,889 1.9%
92	ABBOTT LABS COM ABT	ABT	929,695	$84.4m0.17%	0.17%	Reduced -2.5k	-2,453 -0.3%
93	AT&T INC COM T	T	4,063,966	$84.1m0.17%	0.17%	Added +95.0k	+94,971 2.4%
94	GILEAD SCIENCES INC COM GILD	GILD	662,319	$83.7m0.17%	0.17%	Reduced -16.5k	-16,471 -2.4%
95	SCHWAB CHARLES CORP COM SCHW	SCHW	892,865	$82.4m0.17%	0.17%	Reduced -37.6k	-37,598 -4.0%
96	DEERE & CO COM DE	DE	129,832	$82.4m0.17%	0.17%	Reduced -7.7k	-7,680 -5.6%
97	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	195,875	$77.9m0.16%	0.16%	Reduced -93	-93 -0.1%
98	BLACKROCK INC COM BLK	BLK	79,365	$76.3m0.15%	0.15%	Reduced -915	-915 -1.1%
99	CVS HEALTH CORP COM CVS	CVS	733,126	$75.8m0.15%	0.15%	Reduced -8.6k	-8,619 -1.2%
100	BOOKING HOLDINGS INC COM BKNG	BKNG	417,978	$74.5m0.15%	0.15%	Reduced -13.5k	-13,522 -3.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		169,993	$76.8m170.0k shares
ISHARES TR EMB	EMB	580,000	$54.5m580.0k shares
CARNIVAL PLC CUK	CUK	1,105,495	$28.5m1.1m shares
ISHARES TR HYG	HYG	325,000	$25.9m325.0k shares
VANGUARD SCOTTSDALE FDS VCSH	VCSH	324,000	$25.7m324.0k shares
CARNIVAL CORP		628,059	$16.3m628.1k shares
COTERRA ENERGY INC CTRA	CTRA	413,556	$14.5m413.6k shares
DUPONT DE NEMOURS INC DWDP	DWDP	94,445	$13.0m94.4k shares
GLOBAL X FDS ARGT	ARGT	128,000	$11.9m128.0k shares
HOLOGIC INC HOLX	HOLX	129,901	$9.8m129.9k shares
ISHARES TR EPOL	EPOL	250,800	$9.1m250.8k shares
GUARDANT HEALTH INC GH 1.25 02.15.31	GH 1.25 02.15.31	3,000,000	$5.0m3.0m shares
BROOKFIELD BUSINESS CORP BBUC	BBUC	156,901	$5.0m156.9k shares
MKS INC. MKSI 1.25 06.01.30	MKSI 1.25 06.01.30	3,000,000	$5.0m3.0m shares
THOMSON REUTERS CORP		49,536	$4.5m49.5k shares
ASCENDIS PHARMA A/S ASND 2.25 04.01.28	ASND 2.25 04.01.28	3,000,000	$4.4m3.0m shares
ON SEMICONDUCTOR CORP ON 0 05.01.27	ON 0 05.01.27	3,000,000	$3.9m3.0m shares
CENTERPOINT ENERGY INC CNP 4.25 08.15.26	CNP 4.25 08.15.26	3,000,000	$3.6m3.0m shares
CLOUDFLARE INC NET 0 08.15.26	NET 0 08.15.26	3,000,000	$3.5m3.0m shares
RIOT PLATFORMS INC RIOT 0.75 01.15.30	RIOT 0.75 01.15.30	3,000,000	$3.4m3.0m shares
KRANESHARES TRUST KWEB	KWEB	120,000	$3.4m120.0k shares
APELLIS PHARMACEUTICALS INC APLS	APLS	79,680	$3.2m79.7k shares
SOLENO THERAPEUTICS INC SLNO	SLNO	90,907	$3.0m90.9k shares
SEA LTD SEALTD 0.25 09.15.26	SEALTD 0.25 09.15.26	3,000,000	$2.9m3.0m shares
CONMED CORP CNMD 2.25 06.15.27	CNMD 2.25 06.15.27	3,000,000	$2.9m3.0m shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
WENDYS CO WEN · Call	WEN	Call	120,000	$994.8k120.0k shares	Unchanged
JETBLUE AWYS CORP JBLU · Call	JBLU	Call	140,000	$802.2k140.0k shares	Unchanged