State of Wisconsin - Board of Commissioners of Public Lands
Long book
$151.9M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
+1.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsState of Wisconsin - Board of Commissioners of Public Lands is a wealth-management firm allocating client money, running a $151.9M US long book across 6 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: PGIM HIGH YIELD-R6, JPMORGAN INCOME FUND-I, VANECK PREF SEC X-FINANCIALS, GLOBAL X US PREFERRED ETF, SS SPDR ICE PREF SEC ETF.
Over the last 9 quarters its long book ran on average 3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.1%
Q2 2024
+7.4%
Q3 2024
-2.1%
Q4 2024
+0.1%
Q1 2025
+2.2%
Q2 2025
+3.8%
Q3 2025
+0.6%
Q4 2025
-0.5%
Q1 2026
+1.9%
Sector allocation
No sector data
Long book by quarter
What does State of own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 6 | $151.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 6 | $154.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 6 | $156.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 6 | $155.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 7, 2025 | 6 | $154.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 6 | $156.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 6 | $163.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 16 | $415.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 16 | $420.3M | canonical | SEC ↗ |