State of Wyoming
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), State of Wyoming reported 1,621 stock positions worth $754.3 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 21.2% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 5.3%) and iShares MSCI Emr MRK Ex Chna (EMXC, 1.7%). Compared with Q4 2024, it opened 310 new positions, sold out of 278, added to 748 and reduced 556. The biggest buy was iShares Russell 2000 ETF (IWM, shares +135%) and the biggest sale Microsoft (MSFT, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- CHEYENNE, WY
- CIK
- 0001821626
- Portfolio Value
- $754.3M (Q1 2025)
- SEC Filing
- 0001821626-25-000004 ↗ filed May 14, 2025
Holdings Value
Holdings 1,621 stocks · $754.3M
| SPY SS SPDR S&P 500 ETF Trust-US | 21.18% | 285,600 | $159.8M | Reduce -1.0% |
| EFA iShares MSCI Eafe ETF | 5.31% | 489,694 | $40.0M | Reduce -1.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.65% | 226,565 | $12.5M | Reduce -1.4% |
| AAPL Apple Inc. | 1.47% | 50,051 | $11.1M | Add +67.0% |
| IWM iShares Russell 2000 ETF | 1.12% | 42,505 | $8.5M | Add +135.4% |
| NVDA Nvidia Corp. | 1.09% | 75,573 | $8.2M | Reduce -11.2% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.93% | 126,430 | $7.0M | Reduce -5.6% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.92% | 41,940 | $6.9M | Add +28.9% |
| MSFT Microsoft Corp. | 0.88% | 17,659 | $6.6M | Reduce -43.2% |
| META Meta Platforms Inc. Class A | 0.80% | 10,424 | $6.0M | Reduce -8.4% |
| INDA iShares MSCI India ETF | 0.68% | 100,070 | $5.2M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 0.68% | 33,120 | $5.1M | Reduce -4.3% |
| AMZN Amazon.com Inc. | 0.68% | 26,845 | $5.1M | Add +35.5% |
| EWT iShares MSCI Taiwan ETF | 0.66% | 105,060 | $5.0M | Add +5.6% |
| EWC iShares MSCI Canada ETF | 0.64% | 119,011 | $4.8M | Reduce -2.8% |
| GOOG Alphabet Inc. Class C | 0.63% | 30,251 | $4.7M | Reduce -5.3% |
| MA Mastercard Inc. Class A | 0.47% | 6,488 | $3.6M | Add +10.0% |
| V Visa Inc. Class A | 0.40% | 8,602 | $3.0M | Add +0.9% |
| TSEM Tower Semiconductor Ltd. | 0.38% | 80,218 | $2.9M | Reduce -5.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.37% | 16,604 | $2.8M | Add +1.2% |
| SPOT Spotify Technology SA | 0.33% | 4,480 | $2.5M | Add +80.9% |
| COMP Compass Inc. Class A | 0.32% | 275,777 | $2.4M | Add +49.9% |
| CCO Clear Channel Outdoor Holdin | 0.31% | 2,129,780 | $2.4M | Add +33.6% |
| DY Dycom Industries Inc. | 0.30% | 15,016 | $2.3M | Reduce -6.0% |
| GRAL Grail Inc. | 0.29% | 85,408 | $2.2M | Add +65.0% |
| ENS Enersys | 0.29% | 23,641 | $2.2M | Add +9.7% |
| CVCO Cavco Industries Inc. | 0.27% | 3,894 | $2.0M | Add +27.0% |
| IDCC Interdigital Inc. | 0.26% | 9,452 | $2.0M | Add +10.9% |
| TD Toronto-Dominion Bank | 0.26% | 32,540 | $1.9M | Add +1357.2% |
| CSCO Cisco Systems Inc. | 0.25% | 30,449 | $1.9M | Reduce -3.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 3,500 | $1.9M | Reduce -2.8% |
| TSLA Tesla Inc. | 0.25% | 7,165 | $1.9M | Add +13.6% |
| MTZ Mastec Inc. | 0.24% | 15,575 | $1.8M | Reduce -21.4% |
| UTI Universal Technical Institut | 0.23% | 68,579 | $1.8M | Add +6.3% |
| JBTM JBT Marel Corp. | 0.23% | 14,285 | $1.7M | New |
| GEF.B Greif Inc. Class B | 0.22% | 28,267 | $1.7M | Add +5.7% |
| MELI MercadoLibre Inc. | 0.22% | 855 | $1.7M | Add +23.6% |
| EXLS Exlservice Holdings Inc. | 0.21% | 34,154 | $1.6M | Reduce -10.3% |
| WIX Wix.com Ltd. | 0.21% | 9,650 | $1.6M | Reduce -19.5% |
| AVGO Broadcom Inc. | 0.20% | 8,919 | $1.5M | Reduce -2.5% |
| CYBR Cyberark Software Ltd./Israel | 0.20% | 4,406 | $1.5M | Add +3.5% |
| MDXG Mimedx Group Inc. | 0.20% | 195,347 | $1.5M | Reduce -2.9% |
| ATRO Astronics Corp. | 0.19% | 58,541 | $1.4M | Add +12.9% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.18% | 14,254 | $1.4M | Add +237.4% |
| JPM JPMorgan Chase & Co. | 0.18% | 5,386 | $1.3M | Reduce -3.9% |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 0.17% | 120,651 | $1.3M | Add +17.5% |
| QCOM Qualcomm Inc. | 0.17% | 8,483 | $1.3M | Add +50.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 13,153 | $1.3M | Add +142.9% |
| EWZ iShares MSCI Brazil ETF | 0.17% | 49,990 | $1.3M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.16% | 1,506 | $1.2M | Reduce -3.0% |
| MFC Manulife Financial Corp. | 0.16% | 38,373 | $1.2M | Reduce -2.1% |
| PEGA Pegasystems Inc. | 0.16% | 16,956 | $1.2M | Add +23.2% |
| MIR Mirion Technologies Inc. | 0.16% | 81,274 | $1.2M | Reduce -22.4% |
| CLFD Clearfield Inc. | 0.15% | 39,008 | $1.2M | Add +50.7% |
| MTRN Materion Corp. | 0.15% | 14,061 | $1.1M | Add +16.6% |
| SHOP Shopify Inc. Class A | 0.15% | 12,041 | $1.1M | Add +217.1% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.15% | 27,680 | $1.1M | Add +3.8% |
| SNDA Sonida Senior Living Inc. | 0.15% | 49,006 | $1.1M | Reduce -4.8% |
| ROG Rogers Corp. | 0.15% | 16,483 | $1.1M | Add +17.2% |
| CWAN Clearwater Analytics HDS-A | 0.15% | 41,467 | $1.1M | Reduce -24.8% |
| CLH Clean Harbors Inc. | 0.14% | 5,458 | $1.1M | Add +13.9% |
| APH Amphenol Corp. Class A | 0.14% | 15,654 | $1.0M | Add +66.2% |
| AU Anglogold Ashanti PLC | 0.13% | 26,951 | $1.0M | Add +233.9% |
| FLEX Flex Ltd. | 0.13% | 30,081 | $995K | Add +10.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.13% | 5,559 | $994K | Reduce -7.1% |
| CRM Salesforce Inc. | 0.13% | 3,661 | $982K | Add +47.3% |
| KBR KBR Inc. | 0.13% | 19,604 | $976K | Reduce -16.6% |
| PINS Pinterest Inc. Class A | 0.13% | 31,490 | $976K | Add +374.3% |
| HIG Hartford Insurance Group Inc. | 0.13% | 7,828 | $969K | Add +31.7% |
| PM Philip Morris International | 0.13% | 5,941 | $943K | Reduce -13.3% |
| SNDL SNDL Inc. | 0.12% | 650,510 | $917K | Add +14.5% |
| SU Suncor Energy Inc. | 0.12% | 23,460 | $908K | Reduce -30.6% |
| AER Aercap Holdings NV | 0.12% | 8,765 | $896K | Add +79.0% |
| NFLX Netflix Inc. | 0.12% | 959 | $894K | Reduce -43.0% |
| HALO Halozyme Therapeutics Inc. | 0.12% | 14,003 | $894K | Reduce -0.5% |
| ALGN Align Technology Inc. | 0.12% | 5,613 | $892K | Add +101.3% |
| KGC Kinross Gold Corp. | 0.12% | 70,377 | $887K | Reduce -41.7% |
| EZA iShares MSCI South Africa Et | 0.12% | 18,280 | $880K | Add +3.8% |
| SGI Somnigroup International Inc. | 0.12% | 14,659 | $878K | Add +13.8% |
| CIEN Ciena Corp. | 0.11% | 14,347 | $867K | Add +20.9% |
| RC Ready Capital Corp. | 0.11% | 169,922 | $865K | Add +6.0% |
| BXP BXP Inc. | 0.11% | 12,867 | $865K | Reduce -9.5% |
| OPCH Option Care Health Inc. | 0.11% | 24,699 | $863K | Reduce -2.6% |
| PATH Uipath Inc. Class A | 0.11% | 83,727 | $862K | Add +27.1% |
| RDWR Radware Ltd. | 0.11% | 39,801 | $860K | Reduce -25.0% |
| EWS iShares MSCI Singapore ETF | 0.11% | 36,070 | $857K | Reduce -16.2% |
| MC Moelis & Co. Class A | 0.11% | 14,600 | $852K | Add +39.9% |
| PBR Petroleo Brasileiro-Spon ADR | 0.11% | 59,353 | $851K | Reduce -0.3% |
| MO Altria Group Inc. | 0.11% | 14,124 | $848K | Add +47.4% |
| IBN Icici Bank Ltd.-Spon ADR | 0.11% | 26,371 | $831K | Reduce -6.7% |
| STXS Stereotaxis Inc. | 0.11% | 471,080 | $829K | Reduce -12.2% |
| PYPL PayPal Holdings Inc. | 0.11% | 12,696 | $828K | Add +19.0% |
| CECO Ceco Environmental Corp. | 0.11% | 36,147 | $824K | Add +33.1% |
| GPN Global Payments Inc. | 0.11% | 8,405 | $823K | Add +59.4% |
| ACI Albertsons Cos Inc. Class A | 0.11% | 37,386 | $822K | Add +84.4% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.11% | 11,509 | $819K | Add +87.6% |
| CBRE CBRE Group Inc. Class A | 0.11% | 6,258 | $818K | Add +24.0% |
| RBC RBC Bearings Inc. | 0.11% | 2,536 | $816K | Add +3.1% |
| ALL Allstate Corp. | 0.11% | 3,916 | $811K | Reduce -0.4% |
| BBW Build-A-Bear Workshop Inc. | 0.11% | 21,502 | $799K | Reduce -24.0% |
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -43.2% | 0.88% | −0.79 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 21.18% | −0.38 |
| NVDA Nvidia Corp. | Reduce -11.2% | 1.09% | −0.37 |
| TSEM Tower Semiconductor Ltd. | Reduce -5.4% | 0.38% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -4.3% | 0.68% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -5.3% | 0.63% | −0.15 |
| ORCL Oracle Corp. | Reduce -99.8% | 0.00% | −0.14 |
| GVA Granite Construction Inc. | Reduce -59.6% | 0.08% | −0.14 |
| JNJ Johnson & Johnson | Reduce -79.3% | 0.05% | −0.14 |
| RTX RTX Corp. | Sold out | 0.00% | −0.14 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.12 |
| WIX Wix.com Ltd. | Reduce -19.5% | 0.21% | −0.12 |
| ABBV Abbvie Inc. | Reduce -82.7% | 0.03% | −0.12 |
| CCRN Cross Country Healthcare Inc. | Sold out | 0.00% | −0.12 |
| MTZ Mastec Inc. | Reduce -21.4% | 0.24% | −0.10 |
| ENFN Enfusion Inc. Class A | Sold out | 0.00% | −0.10 |
| ADBE Adobe Inc. | Reduce -46.9% | 0.09% | −0.09 |
| TRUE Truecar Inc. | Reduce -16.2% | 0.05% | −0.09 |
| ESI Element Solutions Inc. | Reduce -55.1% | 0.06% | −0.09 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -79.7% | 0.02% | −0.09 |
| CF CF Industries Holdings Inc. | Reduce -83.6% | 0.02% | −0.08 |
| PRSU Pursuit Attractions and Hosp | Reduce -44.5% | 0.07% | −0.08 |
| CNK Cinemark Holdings Inc. | Reduce -79.7% | 0.02% | −0.08 |
| GEO The Geo Group Inc. | Sold out | 0.00% | −0.08 |
| DXPE DXP Enterprises Inc. | Reduce -84.3% | 0.01% | −0.08 |
| MIR Mirion Technologies Inc. | Reduce -22.4% | 0.16% | −0.08 |
| LMB Limbach Holdings Inc. | Reduce -59.7% | 0.04% | −0.08 |
| MMS Maximus Inc. | Reduce -68.4% | 0.03% | −0.07 |
| AVGO Broadcom Inc. | Reduce -2.5% | 0.20% | −0.07 |
| NFLX Netflix Inc. | Reduce -43.0% | 0.12% | −0.07 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.07 |
| TDAY USA Today Co. Inc. | Reduce -17.2% | 0.07% | −0.07 |
| FTDR Frontdoor Inc. | Reduce -51.3% | 0.04% | −0.07 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.07 |
| ACN Accenture PLC Class A | Reduce -42.2% | 0.08% | −0.07 |
| VAC Marriott Vacations World | Reduce -25.9% | 0.08% | −0.07 |
| ALLE Allegion PLC | Reduce -73.5% | 0.03% | −0.07 |
| KRNT Kornit Digital Ltd. | Reduce -19.1% | 0.07% | −0.07 |
| CGNX Cognex Corp. | Reduce -41.0% | 0.07% | −0.07 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.07 |
| ASAN Asana Inc. Class A | Sold out | 0.00% | −0.06 |
| EG Everest Group Ltd. | Reduce -83.2% | 0.01% | −0.06 |
| HNST The Honest Co. Inc. | Sold out | 0.00% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -86.8% | 0.01% | −0.06 |
| SLF Sun Life Financial Inc. | Reduce -89.3% | 0.01% | −0.06 |
| MQ Marqeta Inc. | Sold out | 0.00% | −0.06 |
| PRIM Primoris Services Corp. | Reduce -26.1% | 0.08% | −0.06 |
| PFE Pfizer Inc. | Reduce -81.3% | 0.01% | −0.06 |
| CM Can Imperial BK of Commerce | Reduce -52.2% | 0.05% | −0.06 |
| HON Honeywell International Inc. | Reduce -39.8% | 0.09% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | Add +135.4% | 1.12% | +0.62 |
| AAPL Apple Inc. | Add +67.0% | 1.47% | +0.52 |
| TD Toronto-Dominion Bank | Add +1357.2% | 0.26% | +0.24 |
| JBTM JBT Marel Corp. | New | 0.23% | +0.23 |
| SPOT Spotify Technology SA | Add +80.9% | 0.33% | +0.19 |
| COMP Compass Inc. Class A | Add +49.9% | 0.32% | +0.18 |
| GRAL Grail Inc. | Add +65.0% | 0.29% | +0.17 |
| BMO Bank of Montreal | Add +237.4% | 0.18% | +0.13 |
| AMZN Amazon.com Inc. | Add +35.5% | 0.68% | +0.12 |
| AU Anglogold Ashanti PLC | Add +233.9% | 0.13% | +0.11 |
| PINS Pinterest Inc. Class A | Add +374.3% | 0.13% | +0.10 |
| T AT&T Inc. | New | 0.10% | +0.10 |
| SHOP Shopify Inc. Class A | Add +217.1% | 0.15% | +0.10 |
| DIS The Walt Disney Co. | Add +142.9% | 0.17% | +0.10 |
| CVCO Cavco Industries Inc. | Add +27.0% | 0.27% | +0.09 |
| INCY Incyte Corp. | New | 0.09% | +0.09 |
| ANET Arista Networks Inc. | New | 0.08% | +0.08 |
| IESC Ies Holdings Inc. | Add +28.9% | 0.92% | +0.08 |
| ATRO Astronics Corp. | Add +12.9% | 0.19% | +0.08 |
| MYRG MYR Group Inc./Delaware | Add +544.5% | 0.10% | +0.08 |
| CTRI Centuri Holdings Inc. | New | 0.08% | +0.08 |
| OTIS Otis Worldwide Corp. | Add +278.6% | 0.10% | +0.08 |
| MA Mastercard Inc. Class A | Add +10.0% | 0.47% | +0.08 |
| ET Energy Transfer LP | Add +289.5% | 0.10% | +0.07 |
| CMCSA Comcast Corp. Class A | New | 0.07% | +0.07 |
| MELI MercadoLibre Inc. | Add +23.6% | 0.22% | +0.07 |
| OSK Oshkosh Corp. | New | 0.07% | +0.07 |
| HSIC Henry Schein Inc. | Add +205.1% | 0.10% | +0.07 |
| UFCS United Fire Group Inc. | Add +272.3% | 0.09% | +0.07 |
| RNGR Ranger Energy Services Class A | Add +1253.7% | 0.07% | +0.07 |
| AXS Axis Capital Holdings Ltd. | Add +172.0% | 0.10% | +0.07 |
| FPI Farmland Partners Inc. | Add +976.7% | 0.07% | +0.06 |
| CADE Cadence Bank | Add +673.1% | 0.07% | +0.06 |
| WRB WR Berkley Corp. | Add +87.6% | 0.11% | +0.06 |
| QCOM Qualcomm Inc. | Add +50.6% | 0.17% | +0.06 |
| UGI Ugi Corp. | Add +120.3% | 0.10% | +0.06 |
| PCH Potlatchdeltic Corp. | Add +116.9% | 0.10% | +0.06 |
| SEIC Sei Investments Company | Add +168.2% | 0.10% | +0.06 |
| BXMT Blackstone Mortgage Tru Class A | New | 0.06% | +0.06 |
| EFXT Enerflex Ltd. | New | 0.06% | +0.06 |
| AER Aercap Holdings NV | Add +79.0% | 0.12% | +0.06 |
| SBH Sally Beauty Holdings Inc. | Add +311.1% | 0.08% | +0.06 |
| MTCH Match Group Inc. | Add +403.6% | 0.07% | +0.06 |
| ACI Albertsons Cos Inc. Class A | Add +84.4% | 0.11% | +0.06 |
| OTEX Open Text Corp. | New | 0.06% | +0.06 |
| CZR Caesars Entertainment Inc. | New | 0.06% | +0.06 |
| ARIS WATER SOLUTIONS INC-A | Add +407.7% | 0.07% | +0.06 |
| BSM Black Stone Minerals LP | Add +370.4% | 0.07% | +0.06 |
| V Visa Inc. Class A | Add +0.9% | 0.40% | +0.06 |
| DKNG Draftkings Inc. Class A | New | 0.06% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,871 | $989.1M | SPY, EFA, NVDA, AAPL, MSFT |
| Q1 2026 | 1,783 | $843.7M | SPY, EFA, NVDA, AAPL, GOOGL |
| Q4 2025 | 1,783 | $913.0M | SPY, EFA, NVDA, MSFT, EMXC |
| Q3 2025 | 1,816 | $877.3M | SPY, EFA, NVDA, AAPL, MSFT |
| Q2 2025 | 1,829 | $818.4M | SPY, EFA, NVDA, AAPL, EMXC |
| Q1 2025 | 1,621 | $754.3M | SPY, EFA, EMXC, AAPL, IWM |
| Q4 2024 | 1,588 | $783.9M | SPY, EFA, MSFT, EMXC, NVDA |
| Q3 2024 | 1,668 | $700.7M | SPY, EFA, EMXC, IESC, ACWX |
| Q2 2024 | 1,641 | $607.5M | SPY, EFA, EMXC, MSFT, IESC |
| Q1 2024 | 1,600 | $600.7M | SPY, EFA, EMXC, IESC, MSFT |