State of Wyoming
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 19, 2025), State of Wyoming reported 1,829 stock positions worth $818.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.4% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 3.9%) and Nvidia (NVDA, 1.5%). Compared with Q1 2025, it opened 538 new positions, sold out of 331, added to 598 and reduced 691. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale iShares MSCI Eafe ETF (EFA, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- CHEYENNE, WY
- CIK
- 0001821626
- Portfolio Value
- $818.4M (Q2 2025)
- SEC Filing
- 0001821626-25-000006 ↗ filed Aug 19, 2025
Holdings Value
Holdings 1,829 stocks · $818.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 20.40% | 270,275 | $167.0M | Reduce -5.4% |
| EFA iShares MSCI Eafe ETF | 3.95% | 361,337 | $32.3M | Reduce -26.2% |
| NVDA Nvidia Corp. | 1.47% | 76,299 | $12.1M | Add +1.0% |
| AAPL Apple Inc. | 1.34% | 53,574 | $11.0M | Add +7.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.31% | 170,131 | $10.7M | Reduce -24.9% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.97% | 26,797 | $7.9M | Reduce -36.1% |
| META Meta Platforms Inc. Class A | 0.92% | 10,250 | $7.6M | Reduce -1.7% |
| MSFT Microsoft Corp. | 0.86% | 14,204 | $7.1M | Reduce -19.6% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.75% | 100,409 | $6.1M | Reduce -20.6% |
| EWT iShares MSCI Taiwan ETF | 0.73% | 104,330 | $6.0M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 0.71% | 32,876 | $5.8M | Reduce -0.7% |
| INDA iShares MSCI India ETF | 0.69% | 101,700 | $5.7M | Add +1.6% |
| GOOG Alphabet Inc. Class C | 0.61% | 28,178 | $5.0M | Reduce -6.8% |
| EWC iShares MSCI Canada ETF | 0.51% | 90,526 | $4.2M | Reduce -23.9% |
| AMZN Amazon.com Inc. | 0.47% | 17,672 | $3.9M | Reduce -34.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.43% | 15,530 | $3.5M | Reduce -6.5% |
| PWR Quanta Services Inc. | 0.36% | 7,687 | $2.9M | Add +1028.8% |
| IBKR Interactive Brokers Gro Class A | 0.35% | 52,384 | $2.9M | New |
| SPOT Spotify Technology SA | 0.32% | 3,461 | $2.7M | Reduce -22.8% |
| NRG NRG Energy Inc. | 0.31% | 15,961 | $2.6M | Add +537.9% |
| NFLX Netflix Inc. | 0.31% | 1,870 | $2.5M | Add +95.0% |
| AVGO Broadcom Inc. | 0.30% | 8,783 | $2.4M | Reduce -1.5% |
| OSCR Oscar Health Inc. Class A | 0.29% | 112,146 | $2.4M | Add +564.7% |
| WBD Warner Bros Discovery Inc. | 0.29% | 206,366 | $2.4M | New |
| ALLY Ally Financial Inc. | 0.27% | 56,909 | $2.2M | New |
| CSCO Cisco Systems Inc. | 0.25% | 29,843 | $2.1M | Reduce -2.0% |
| RBLX Roblox Corp. Class A | 0.24% | 18,687 | $2.0M | New |
| UPWK Upwork Inc. | 0.23% | 137,044 | $1.8M | Add +546.8% |
| MELI MercadoLibre Inc. | 0.22% | 697 | $1.8M | Reduce -18.5% |
| KBR KBR Inc. | 0.22% | 37,687 | $1.8M | Add +92.2% |
| CCO Clear Channel Outdoor Holdin | 0.21% | 1,488,381 | $1.7M | Reduce -30.1% |
| GRFS Grifols SA-ADR | 0.21% | 191,209 | $1.7M | New |
| MA Mastercard Inc. Class A | 0.21% | 3,048 | $1.7M | Reduce -53.0% |
| CRM Salesforce Inc. | 0.21% | 6,275 | $1.7M | Add +71.4% |
| GEF.B Greif Inc. Class B | 0.21% | 24,734 | $1.7M | Reduce -12.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 3,435 | $1.7M | Reduce -1.9% |
| TSLA Tesla Inc. | 0.20% | 5,243 | $1.7M | Reduce -26.8% |
| SHOP Shopify Inc. Class A | 0.19% | 13,545 | $1.6M | Add +12.5% |
| DY Dycom Industries Inc. | 0.19% | 6,317 | $1.5M | Reduce -57.9% |
| CPNG Coupang Inc. | 0.19% | 51,509 | $1.5M | New |
| JPM JPMorgan Chase & Co. | 0.19% | 5,240 | $1.5M | Reduce -2.7% |
| APG Api Group Corp. | 0.18% | 29,033 | $1.5M | Add +607.1% |
| STX Seagate Technology Holdings | 0.18% | 10,241 | $1.5M | New |
| TLN Talen Energy Corp. | 0.18% | 5,029 | $1.5M | Add +1849.2% |
| ARMK Aramark | 0.18% | 34,227 | $1.4M | Add +149.9% |
| NCNO Ncino Inc. | 0.17% | 51,018 | $1.4M | Add +458.8% |
| USFD US Foods Holding Corp. | 0.17% | 18,462 | $1.4M | Add +159.8% |
| TWLO Twilio Inc. Class A | 0.17% | 11,430 | $1.4M | New |
| CYBR Cyberark Software Ltd./Israel | 0.17% | 3,471 | $1.4M | Reduce -21.2% |
| CENX Century Aluminum Company | 0.17% | 77,469 | $1.4M | New |
| EWZ iShares MSCI Brazil ETF | 0.17% | 47,420 | $1.4M | Reduce -5.1% |
| PCG P G & E Corp. | 0.17% | 97,236 | $1.4M | Add +1124.0% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.17% | 12,233 | $1.4M | Reduce -14.2% |
| EXLS Exlservice Holdings Inc. | 0.17% | 30,885 | $1.4M | Reduce -9.6% |
| SYF Synchrony Financial | 0.16% | 20,174 | $1.3M | Add +63.9% |
| GMED Globus Medical Inc. Class A | 0.16% | 22,451 | $1.3M | Add +113.0% |
| GRBK Green Brick Partners Inc. | 0.16% | 20,937 | $1.3M | New |
| BKE The Buckle Inc. | 0.15% | 27,961 | $1.3M | Add +277.4% |
| FLUT Flutter Entertainment PLC-Di | 0.15% | 4,322 | $1.2M | Add +549.9% |
| WDC Western Digital Corp. | 0.15% | 18,762 | $1.2M | Add +220.0% |
| WMT Walmart Inc. | 0.15% | 12,177 | $1.2M | Add +47.6% |
| LLY Eli Lilly & Co. | 0.14% | 1,477 | $1.2M | Reduce -1.9% |
| V Visa Inc. Class A | 0.14% | 3,230 | $1.1M | Reduce -62.5% |
| CNI Canadian Natl Railway Co. | 0.14% | 10,956 | $1.1M | Add +61.9% |
| CCK Crown Holdings Inc. | 0.14% | 10,854 | $1.1M | New |
| KGC Kinross Gold Corp. | 0.14% | 71,287 | $1.1M | Add +1.3% |
| AEM Agnico Eagle Mines Ltd. | 0.14% | 9,290 | $1.1M | Add +69.5% |
| TOST Toast Inc. Class A | 0.13% | 24,851 | $1.1M | New |
| CVS CVS Health Corp. | 0.13% | 15,898 | $1.1M | Add +270.7% |
| NEM Newmont Corp. | 0.13% | 18,752 | $1.1M | Add +108.7% |
| GTX Garrett Motion Inc. | 0.13% | 101,836 | $1.1M | Add +184.6% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.13% | 27,290 | $1.1M | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.13% | 8,462 | $1.0M | Reduce -35.7% |
| ACN Accenture PLC Class A | 0.13% | 3,484 | $1.0M | Add +83.2% |
| GE General Electric filed as GE AEROSPACE | 0.13% | 4,017 | $1.0M | New |
| HUM Humana Inc. | 0.12% | 4,178 | $1.0M | Add +391.5% |
| HDB HDFC Bank Ltd.-ADR | 0.12% | 12,796 | $981K | Add +20.4% |
| SNDA Sonida Senior Living Inc. | 0.12% | 39,205 | $978K | Reduce -20.0% |
| NICE Nice Ltd. - Spon ADR | 0.12% | 5,770 | $975K | New |
| SGHC Super Group SGHC Ltd. | 0.12% | 88,413 | $970K | Reduce -5.9% |
| FLEX Flex Ltd. | 0.12% | 19,241 | $961K | Reduce -36.0% |
| BXMT Blackstone Mortgage Tru Class A | 0.12% | 49,641 | $956K | Add +122.1% |
| TIC Tic Solutions Inc. filed as ACUREN CORP | 0.12% | 85,732 | $946K | New |
| ALLE Allegion PLC | 0.12% | 6,562 | $946K | Add +344.0% |
| OPLN Openlane Inc. | 0.11% | 38,326 | $937K | Add +178.1% |
| UNM Unum Group | 0.11% | 11,583 | $935K | Add +57.5% |
| BWXT BWX Technologies Inc. | 0.11% | 6,488 | $935K | Add +64.7% |
| UAL United Airlines Holdings Inc. | 0.11% | 11,703 | $932K | Add +199.2% |
| FIS Fidelity National Info Serv | 0.11% | 11,360 | $925K | Add +66.5% |
| ROKU Roku Inc. | 0.11% | 10,448 | $918K | Add +353.3% |
| JNJ Johnson & Johnson | 0.11% | 5,996 | $916K | Add +181.4% |
| EWS iShares MSCI Singapore ETF | 0.11% | 35,020 | $910K | Reduce -2.9% |
| EZA iShares MSCI South Africa Et | 0.11% | 16,810 | $904K | Reduce -8.0% |
| TT Trane Technologies PLC | 0.11% | 2,064 | $903K | Add +4.1% |
| ANET Arista Networks Inc. | 0.11% | 8,752 | $895K | Add +7.4% |
| ABT Abbott Laboratories | 0.11% | 6,493 | $883K | Add +30.1% |
| WDAY Workday Inc. Class A | 0.11% | 3,599 | $864K | New |
| G Genpact Ltd. | 0.11% | 19,600 | $863K | Add +68.0% |
| PCH Potlatchdeltic Corp. | 0.10% | 22,330 | $857K | Add +35.5% |
| ADEA Adeia Inc. | 0.10% | 60,484 | $855K | Add +568.8% |
Portfolio Sells Q1 2025 → Q2 2025
| EFA iShares MSCI Eafe ETF | Reduce -26.2% | 3.95% | −1.36 |
| IWM iShares Russell 2000 ETF | Reduce -96.3% | 0.04% | −1.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.4% | 20.40% | −0.78 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -24.9% | 1.31% | −0.34 |
| TSEM Tower Semiconductor Ltd. | Reduce -80.7% | 0.08% | −0.30 |
| COMP Compass Inc. Class A | Reduce -73.9% | 0.06% | −0.26 |
| MA Mastercard Inc. Class A | Reduce -53.0% | 0.21% | −0.26 |
| V Visa Inc. Class A | Reduce -62.5% | 0.14% | −0.26 |
| GRAL Grail Inc. | Reduce -91.4% | 0.05% | −0.24 |
| ENS Enersys | Reduce -79.3% | 0.05% | −0.24 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −0.23 |
| CVCO Cavco Industries Inc. | Reduce -69.9% | 0.06% | −0.21 |
| AMZN Amazon.com Inc. | Reduce -34.2% | 0.47% | −0.20 |
| MTZ Mastec Inc. | Reduce -85.1% | 0.05% | −0.19 |
| TD Toronto-Dominion Bank | Reduce -76.5% | 0.07% | −0.19 |
| ATRO Astronics Corp. | Sold out | 0.00% | −0.19 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -20.6% | 0.75% | −0.18 |
| IDCC Interdigital Inc. | Reduce -63.4% | 0.09% | −0.16 |
| UTI Universal Technical Institut | Reduce -71.3% | 0.08% | −0.15 |
| ROG Rogers Corp. | Sold out | 0.00% | −0.15 |
| WIX Wix.com Ltd. | Reduce -65.7% | 0.06% | −0.14 |
| MIR Mirion Technologies Inc. | Reduce -92.3% | 0.02% | −0.14 |
| EWC iShares MSCI Canada ETF | Reduce -23.9% | 0.51% | −0.13 |
| MFC Manulife Financial Corp. | Reduce -82.2% | 0.03% | −0.13 |
| MTB M & T Bank Corp. | Reduce -100.0% | 0.00% | −0.13 |
| MTRN Materion Corp. | Reduce -85.1% | 0.02% | −0.13 |
| PM Philip Morris International | Sold out | 0.00% | −0.13 |
| MDXG Mimedx Group Inc. | Reduce -49.9% | 0.07% | −0.12 |
| QCOM Qualcomm Inc. | Reduce -68.4% | 0.05% | −0.12 |
| CLH Clean Harbors Inc. | Reduce -83.7% | 0.03% | −0.12 |
| CLFD Clearfield Inc. | Reduce -82.3% | 0.04% | −0.12 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.11 |
| RC Ready Capital Corp. | Sold out | 0.00% | −0.11 |
| DY Dycom Industries Inc. | Reduce -57.9% | 0.19% | −0.11 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.11 |
| BXP BXP Inc. | Reduce -97.1% | 0.00% | −0.11 |
| HALO Halozyme Therapeutics Inc. | Reduce -90.8% | 0.01% | −0.11 |
| CECO Ceco Environmental Corp. | Sold out | 0.00% | −0.11 |
| CCO Clear Channel Outdoor Holdin | Reduce -30.1% | 0.21% | −0.10 |
| SGI Somnigroup International Inc. | Reduce -84.7% | 0.02% | −0.10 |
| MRCY Mercury Systems Inc. | Sold out | 0.00% | −0.09 |
| RDWR Radware Ltd. | Reduce -81.0% | 0.03% | −0.09 |
| PFSI Pennymac Financial Services | Sold out | 0.00% | −0.09 |
| CTVA Corteva Inc. | Reduce -84.9% | 0.02% | −0.08 |
| VAC Marriott Vacations World | Sold out | 0.00% | −0.08 |
| UMBF Umb Financial Corp. | Reduce -80.9% | 0.02% | −0.08 |
| MBC Masterbrand Inc. | Reduce -85.5% | 0.01% | −0.08 |
| PINS Pinterest Inc. Class A | Reduce -65.7% | 0.05% | −0.08 |
| GPGI Gpgi Inc. | Reduce -55.6% | 0.09% | −0.08 |
| GVA Granite Construction Inc. | Sold out | 0.00% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +1.0% | 1.47% | +0.39 |
| IBKR Interactive Brokers Gro Class A | New | 0.35% | +0.35 |
| PWR Quanta Services Inc. | Add +1028.8% | 0.36% | +0.33 |
| WBD Warner Bros Discovery Inc. | New | 0.29% | +0.29 |
| NRG NRG Energy Inc. | Add +537.9% | 0.31% | +0.28 |
| ALLY Ally Financial Inc. | New | 0.27% | +0.27 |
| OSCR Oscar Health Inc. Class A | Add +564.7% | 0.29% | +0.26 |
| RBLX Roblox Corp. Class A | New | 0.24% | +0.24 |
| GRFS Grifols SA-ADR | New | 0.21% | +0.21 |
| CPNG Coupang Inc. | New | 0.19% | +0.19 |
| UPWK Upwork Inc. | Add +546.8% | 0.23% | +0.19 |
| NFLX Netflix Inc. | Add +95.0% | 0.31% | +0.19 |
| STX Seagate Technology Holdings | New | 0.18% | +0.18 |
| TWLO Twilio Inc. Class A | New | 0.17% | +0.17 |
| TLN Talen Energy Corp. | Add +1849.2% | 0.18% | +0.17 |
| CENX Century Aluminum Company | New | 0.17% | +0.17 |
| APG Api Group Corp. | Add +607.1% | 0.18% | +0.16 |
| GRBK Green Brick Partners Inc. | New | 0.16% | +0.16 |
| PCG P G & E Corp. | Add +1124.0% | 0.17% | +0.15 |
| NCNO Ncino Inc. | Add +458.8% | 0.17% | +0.14 |
| CCK Crown Holdings Inc. | New | 0.14% | +0.14 |
| TOST Toast Inc. Class A | New | 0.13% | +0.13 |
| FLUT Flutter Entertainment PLC-Di | Add +549.9% | 0.15% | +0.13 |
| GE General Electric | New | 0.13% | +0.13 |
| NICE Nice Ltd. - Spon ADR | New | 0.12% | +0.12 |
| BKE The Buckle Inc. | Add +277.4% | 0.15% | +0.12 |
| TIC Tic Solutions Inc. | New | 0.12% | +0.12 |
| WDC Western Digital Corp. | Add +220.0% | 0.15% | +0.12 |
| ARMK Aramark | Add +149.9% | 0.18% | +0.11 |
| USFD US Foods Holding Corp. | Add +159.8% | 0.17% | +0.11 |
| WDAY Workday Inc. Class A | New | 0.11% | +0.11 |
| GTLB Gitlab Inc. Class A | New | 0.10% | +0.10 |
| OPRT Oportun Financial Corp. | New | 0.10% | +0.10 |
| CVS CVS Health Corp. | Add +270.7% | 0.13% | +0.10 |
| WPM Wheaton Precious Metals Corp. | New | 0.10% | +0.10 |
| HUM Humana Inc. | Add +391.5% | 0.12% | +0.10 |
| KBR KBR Inc. | Add +92.2% | 0.22% | +0.09 |
| GTX Garrett Motion Inc. | Add +184.6% | 0.13% | +0.09 |
| ROKU Roku Inc. | Add +353.3% | 0.11% | +0.09 |
| ALLE Allegion PLC | Add +344.0% | 0.12% | +0.09 |
| ADEA Adeia Inc. | Add +568.8% | 0.10% | +0.09 |
| TKO Tko Group Holdings Inc. | New | 0.09% | +0.09 |
| ESTC Elastic NV | New | 0.09% | +0.09 |
| U Unity Software Inc. | New | 0.09% | +0.09 |
| BATRK Atlanta Braves Holdings in-C | New | 0.09% | +0.09 |
| COHR Coherent Corp. | Add +271.7% | 0.10% | +0.08 |
| HWM Howmet Aerospace Inc. | New | 0.08% | +0.08 |
| VRNS Varonis Systems Inc. | Add +1516.5% | 0.08% | +0.08 |
| OPLN Openlane Inc. | Add +178.1% | 0.11% | +0.08 |
| CRM Salesforce Inc. | Add +71.4% | 0.21% | +0.08 |
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 |