State of Wyoming
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), State of Wyoming reported 1,816 stock positions worth $877.3 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.1% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 3.8%) and Nvidia (NVDA, 1.7%). Compared with Q2 2025, it opened 287 new positions, sold out of 300, added to 759 and reduced 754. The biggest buy was Microsoft (MSFT, shares +88%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- CHEYENNE, WY
- CIK
- 0001821626
- Portfolio Value
- $877.3M (Q3 2025)
- SEC Filing
- 0001821626-25-000008 ↗ filed Nov 4, 2025
Holdings Value
Holdings 1,816 stocks · $877.3M
| SPY SS SPDR S&P 500 ETF Trust-US | 20.07% | 264,330 | $176.1M | Reduce -2.2% |
| EFA iShares MSCI Eafe ETF | 3.85% | 361,337 | $33.7M | No change |
| NVDA Nvidia Corp. | 1.70% | 80,122 | $14.9M | Add +5.0% |
| AAPL Apple Inc. | 1.68% | 57,780 | $14.7M | Add +7.8% |
| MSFT Microsoft Corp. | 1.57% | 26,677 | $13.8M | Add +87.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.31% | 170,131 | $11.5M | No change |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 1.05% | 23,065 | $9.2M | Reduce -13.9% |
| META Meta Platforms Inc. Class A | 0.83% | 9,908 | $7.3M | Reduce -3.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.75% | 100,566 | $6.5M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.74% | 26,556 | $6.5M | Reduce -19.2% |
| EWT iShares MSCI Taiwan ETF | 0.73% | 101,060 | $6.4M | Reduce -3.1% |
| GOOG Alphabet Inc. Class C | 0.59% | 21,421 | $5.2M | Reduce -24.0% |
| INDA iShares MSCI India ETF | 0.58% | 97,640 | $5.1M | Reduce -4.0% |
| EWC iShares MSCI Canada ETF | 0.52% | 90,526 | $4.6M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.47% | 14,630 | $4.1M | Reduce -5.8% |
| WBD Warner Bros Discovery Inc. | 0.45% | 200,010 | $3.9M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 0.43% | 17,305 | $3.8M | Reduce -2.1% |
| IBKR Interactive Brokers Gro Class A | 0.38% | 48,701 | $3.4M | Reduce -7.0% |
| V Visa Inc. Class A | 0.37% | 9,403 | $3.2M | Add +191.1% |
| PWR Quanta Services Inc. | 0.34% | 7,262 | $3.0M | Reduce -5.5% |
| AVGO Broadcom Inc. | 0.32% | 8,613 | $2.8M | Reduce -1.9% |
| NFLX Netflix Inc. | 0.30% | 2,218 | $2.7M | Add +18.6% |
| UPWK Upwork Inc. | 0.28% | 130,657 | $2.4M | Reduce -4.7% |
| GRFS Grifols SA-ADR | 0.27% | 235,585 | $2.3M | Add +23.2% |
| STX Seagate Technology Holdings | 0.27% | 9,875 | $2.3M | Reduce -3.6% |
| TSLA Tesla Inc. | 0.26% | 5,134 | $2.3M | Reduce -2.1% |
| ALLY Ally Financial Inc. | 0.25% | 55,239 | $2.2M | Reduce -2.9% |
| MA Mastercard Inc. Class A | 0.24% | 3,702 | $2.1M | Add +21.5% |
| SPOT Spotify Technology SA | 0.24% | 2,956 | $2.1M | Reduce -14.6% |
| TD Toronto-Dominion Bank | 0.23% | 25,765 | $2.1M | Add +236.4% |
| OPEN Opendoor Technologies Inc. | 0.23% | 248,465 | $2.0M | Add +15.4% |
| WDC Western Digital Corp. | 0.22% | 16,213 | $1.9M | Reduce -13.6% |
| NCNO Ncino Inc. | 0.21% | 66,757 | $1.8M | Add +30.9% |
| XOM Exxon Mobil Corp. | 0.20% | 15,696 | $1.8M | Add +1055.8% |
| CPNG Coupang Inc. | 0.20% | 54,862 | $1.8M | Add +6.5% |
| DY Dycom Industries Inc. | 0.20% | 5,986 | $1.7M | Reduce -5.2% |
| KBR KBR Inc. | 0.20% | 36,597 | $1.7M | Reduce -2.9% |
| BKE The Buckle Inc. | 0.19% | 29,025 | $1.7M | Add +3.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.19% | 3,359 | $1.7M | Reduce -2.2% |
| U Unity Software Inc. | 0.19% | 41,323 | $1.7M | Add +38.8% |
| MELI MercadoLibre Inc. | 0.19% | 707 | $1.7M | Add +1.4% |
| JPM JPMorgan Chase & Co. | 0.18% | 5,091 | $1.6M | Reduce -2.8% |
| GRBK Green Brick Partners Inc. | 0.18% | 21,542 | $1.6M | Add +2.9% |
| TIC Tic Solutions Inc. filed as ACUREN CORP | 0.18% | 117,401 | $1.6M | Add +36.9% |
| SHOP Shopify Inc. Class A | 0.18% | 10,514 | $1.6M | Reduce -22.4% |
| ECHO Echostar Corp. Class A | 0.17% | 19,745 | $1.5M | New |
| TLN Talen Energy Corp. | 0.17% | 3,512 | $1.5M | Reduce -30.2% |
| GTLB Gitlab Inc. Class A | 0.17% | 32,747 | $1.5M | Add +75.8% |
| CENX Century Aluminum Company | 0.17% | 49,828 | $1.5M | Reduce -35.7% |
| FLUT Flutter Entertainment PLC-Di | 0.16% | 5,660 | $1.4M | Add +31.0% |
| EWZ iShares MSCI Brazil ETF | 0.16% | 46,220 | $1.4M | Reduce -2.5% |
| MRP Millrose Properties | 0.16% | 41,487 | $1.4M | Add +174.2% |
| NRG NRG Energy Inc. | 0.15% | 8,398 | $1.4M | Reduce -47.4% |
| IWM iShares Russell 2000 ETF | 0.15% | 5,300 | $1.3M | Add +241.9% |
| GMED Globus Medical Inc. Class A | 0.15% | 22,290 | $1.3M | Reduce -0.7% |
| ARMK Aramark | 0.15% | 33,142 | $1.3M | Reduce -3.2% |
| PDD PDD Holdings Inc. | 0.14% | 9,620 | $1.3M | New |
| HUM Humana Inc. | 0.14% | 4,857 | $1.3M | Add +16.3% |
| LRCX Lam Research Corp. | 0.14% | 9,361 | $1.3M | Add +483.2% |
| CRM Salesforce Inc. | 0.14% | 5,277 | $1.3M | Reduce -15.9% |
| EXLS Exlservice Holdings Inc. | 0.14% | 27,946 | $1.2M | Reduce -9.5% |
| AMAT Applied Materials Inc. | 0.14% | 5,951 | $1.2M | Add +395.5% |
| LAUR Laureate Education Inc. | 0.14% | 38,480 | $1.2M | Add +13.8% |
| NEM Newmont Corp. | 0.13% | 13,915 | $1.2M | Reduce -25.8% |
| EWS iShares MSCI Singapore ETF | 0.13% | 41,010 | $1.2M | Add +17.1% |
| COHR Coherent Corp. | 0.13% | 10,559 | $1.1M | Add +12.2% |
| WDAY Workday Inc. Class A | 0.13% | 4,719 | $1.1M | Add +31.1% |
| KGC Kinross Gold Corp. | 0.13% | 45,372 | $1.1M | Reduce -36.4% |
| DCI Donaldson Co. Inc. | 0.13% | 13,590 | $1.1M | Add +31.0% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.13% | 27,370 | $1.1M | Add +0.3% |
| LLY Eli Lilly & Co. | 0.13% | 1,442 | $1.1M | Reduce -2.4% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.13% | 17,010 | $1.1M | New |
| APH Amphenol Corp. Class A | 0.13% | 8,859 | $1.1M | Add +82.4% |
| AZZ Azz Inc. | 0.12% | 9,963 | $1.1M | Add +64.2% |
| ATMU Atmus Filtration Technologie | 0.12% | 23,958 | $1.1M | Add +45.2% |
| EZA iShares MSCI South Africa Et | 0.12% | 16,680 | $1.1M | Reduce -0.8% |
| FN Fabrinet | 0.12% | 2,923 | $1.1M | Add +75.6% |
| PCG P G & E Corp. | 0.12% | 69,849 | $1.1M | Reduce -28.2% |
| ALLE Allegion PLC | 0.12% | 5,841 | $1.0M | Reduce -11.0% |
| UNM Unum Group | 0.12% | 13,300 | $1.0M | Add +14.8% |
| SYF Synchrony Financial | 0.12% | 14,506 | $1.0M | Reduce -28.1% |
| CVX Chevron Corp. | 0.12% | 6,621 | $1.0M | New |
| HDB HDFC Bank Ltd.-ADR | 0.12% | 29,892 | $1.0M | Add +16.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.12% | 12,750 | $1.0M | New |
| GEHC GE Healthcare Technology | 0.12% | 13,530 | $1.0M | Add +173.1% |
| SNDK Sandisk Corp. | 0.11% | 8,978 | $1.0M | Add +11.8% |
| FLEX Flex Ltd. | 0.11% | 17,214 | $998K | Reduce -10.5% |
| GIL Gildan Activewear Inc. | 0.11% | 17,263 | $998K | Add +205.3% |
| NICE Nice Ltd. - Spon ADR | 0.11% | 6,889 | $997K | Add +19.4% |
| ANET Arista Networks Inc. | 0.11% | 6,831 | $995K | Reduce -21.9% |
| GTX Garrett Motion Inc. | 0.11% | 72,600 | $989K | Reduce -28.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.11% | 61,762 | $989K | Add +1.0% |
| UFPI Ufp Industries Inc. | 0.11% | 10,434 | $975K | Add +337.9% |
| MTCH Match Group Inc. | 0.11% | 27,530 | $972K | Add +7.3% |
| JBI Janus International Group Inc. | 0.11% | 98,040 | $968K | Add +209.4% |
| AVAH Aveanna Healthcare Holdings | 0.11% | 108,851 | $966K | Add +235.9% |
| VSAT Viasat Inc. | 0.11% | 32,861 | $963K | New |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 0.11% | 45,765 | $953K | Reduce -14.6% |
| BCO The Brink's Co. | 0.11% | 8,139 | $951K | Add +191.7% |
| HOLX Hologic Inc. | 0.11% | 14,069 | $950K | Add +73.4% |
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.2% | 20.07% | −0.33 |
| OSCR Oscar Health Inc. Class A | Reduce -98.7% | 0.00% | −0.29 |
| CSCO Cisco Systems Inc. | Reduce -87.9% | 0.03% | −0.22 |
| CCO Clear Channel Outdoor Holdin | Reduce -96.5% | 0.01% | −0.20 |
| RBLX Roblox Corp. Class A | Reduce -77.3% | 0.07% | −0.17 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.17 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.17 |
| NRG NRG Energy Inc. | Reduce -47.4% | 0.15% | −0.16 |
| GEF.B Greif Inc. Class B | Reduce -70.8% | 0.05% | −0.16 |
| ACN Accenture PLC Class A | Reduce -93.9% | 0.01% | −0.12 |
| SNDA Sonida Senior Living Inc. | Sold out | 0.00% | −0.12 |
| INDA iShares MSCI India ETF | Reduce -4.0% | 0.58% | −0.11 |
| CCK Crown Holdings Inc. | Reduce -71.6% | 0.03% | −0.10 |
| STXS Stereotaxis Inc. | Sold out | 0.00% | −0.10 |
| META Meta Platforms Inc. Class A | Reduce -3.3% | 0.83% | −0.10 |
| EBAY eBay Inc. | Reduce -94.0% | 0.01% | −0.09 |
| CVAC Curevac NV | Sold out | 0.00% | −0.09 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.09 |
| SPOT Spotify Technology SA | Reduce -14.6% | 0.24% | −0.09 |
| G Genpact Ltd. | Reduce -82.2% | 0.02% | −0.09 |
| APG Api Group Corp. | Reduce -45.5% | 0.09% | −0.09 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.09 |
| ABT Abbott Laboratories | Reduce -75.6% | 0.02% | −0.08 |
| PCH Potlatchdeltic Corp. | Reduce -77.6% | 0.02% | −0.08 |
| USFD US Foods Holding Corp. | Reduce -42.6% | 0.09% | −0.08 |
| AEM Agnico Eagle Mines Ltd. | Reduce -68.5% | 0.06% | −0.08 |
| CADE Cadence Bank | Reduce -86.4% | 0.01% | −0.08 |
| MLKN Millerknoll Inc. | Reduce -96.9% | 0.00% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -90.9% | 0.01% | −0.08 |
| FIS Fidelity National Info Serv | Reduce -57.0% | 0.04% | −0.08 |
| TWLO Twilio Inc. Class A | Reduce -25.3% | 0.10% | −0.08 |
| HITI High Tide Inc. | Sold out | 0.00% | −0.08 |
| CTLP Cantaloupe Inc. | Sold out | 0.00% | −0.07 |
| WKC World Kinect Corp. | Reduce -85.9% | 0.01% | −0.07 |
| DLB Dolby Laboratories Inc. Class A | Sold out | 0.00% | −0.07 |
| YEXT Yext Inc. | Sold out | 0.00% | −0.07 |
| WPM Wheaton Precious Metals Corp. | Reduce -76.9% | 0.03% | −0.07 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.07 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.07 |
| EXPE Expedia Group Inc. | Reduce -91.7% | 0.01% | −0.07 |
| CVS CVS Health Corp. | Reduce -50.8% | 0.07% | −0.07 |
| CRM Salesforce Inc. | Reduce -15.9% | 0.14% | −0.07 |
| JNJ Johnson & Johnson | Reduce -63.5% | 0.05% | −0.07 |
| TENB Tenable Holdings Inc. | Reduce -93.8% | 0.00% | −0.07 |
| CUZ Cousins Properties Inc. | Sold out | 0.00% | −0.06 |
| RY Royal Bank of Canada | Sold out | 0.00% | −0.06 |
| FTK Flotek Industries Inc. | Reduce -89.5% | 0.01% | −0.06 |
| GE General Electric | Reduce -51.7% | 0.07% | −0.06 |
| GMS GMS Inc. | Sold out | 0.00% | −0.06 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Add +87.8% | 1.57% | +0.71 |
| AAPL Apple Inc. | Add +7.8% | 1.68% | +0.33 |
| NVDA Nvidia Corp. | Add +5.0% | 1.70% | +0.23 |
| V Visa Inc. Class A | Add +191.1% | 0.37% | +0.23 |
| OPEN Opendoor Technologies Inc. | Add +15.4% | 0.23% | +0.21 |
| XOM Exxon Mobil Corp. | Add +1055.8% | 0.20% | +0.18 |
| ECHO Echostar Corp. Class A | New | 0.17% | +0.17 |
| TD Toronto-Dominion Bank | Add +236.4% | 0.23% | +0.17 |
| PDD PDD Holdings Inc. | New | 0.14% | +0.14 |
| BNS Bank of Nova Scotia | New | 0.13% | +0.13 |
| LRCX Lam Research Corp. | Add +483.2% | 0.14% | +0.12 |
| CVX Chevron Corp. | New | 0.12% | +0.12 |
| CM Can Imperial BK of Commerce | New | 0.12% | +0.12 |
| AMAT Applied Materials Inc. | Add +395.5% | 0.14% | +0.11 |
| VSAT Viasat Inc. | New | 0.11% | +0.11 |
| MRP Millrose Properties | Add +174.2% | 0.16% | +0.11 |
| IWM iShares Russell 2000 ETF | Add +241.9% | 0.15% | +0.11 |
| U Unity Software Inc. | Add +38.8% | 0.19% | +0.10 |
| TEX Terex Corp. | New | 0.09% | +0.09 |
| HBM Hudbay Minerals Inc. | New | 0.09% | +0.09 |
| AVAH Aveanna Healthcare Holdings | Add +235.9% | 0.11% | +0.09 |
| CRUS Cirrus Logic Inc. | Add +966.7% | 0.09% | +0.09 |
| UFPI Ufp Industries Inc. | Add +337.9% | 0.11% | +0.08 |
| GIL Gildan Activewear Inc. | Add +205.3% | 0.11% | +0.08 |
| JBI Janus International Group Inc. | Add +209.4% | 0.11% | +0.08 |
| GDS GDS Holdings Ltd. - ADR | New | 0.08% | +0.08 |
| BCO The Brink's Co. | Add +191.7% | 0.11% | +0.08 |
| NTR Nutrien Ltd. | New | 0.07% | +0.07 |
| PARR Par Pacific Holdings Inc. | Add +213.3% | 0.10% | +0.07 |
| GEHC GE Healthcare Technology | Add +173.1% | 0.12% | +0.07 |
| HCSG Healthcare Services Group | Add +230.3% | 0.10% | +0.07 |
| SNDK Sandisk Corp. | Add +11.8% | 0.11% | +0.07 |
| REVG Rev Group Inc. | Add +184.5% | 0.10% | +0.07 |
| WEX Wex Inc. | Add +2353.1% | 0.07% | +0.07 |
| CCRN Cross Country Healthcare Inc. | New | 0.07% | +0.07 |
| APH Amphenol Corp. Class A | Add +82.4% | 0.13% | +0.07 |
| TIXT Telus International Cda Inc. | New | 0.07% | +0.07 |
| GTLB Gitlab Inc. Class A | Add +75.8% | 0.17% | +0.07 |
| TIC Tic Solutions Inc. | Add +36.9% | 0.18% | +0.06 |
| ADT Adt Inc. | Add +428.4% | 0.08% | +0.06 |
| FN Fabrinet | Add +75.6% | 0.12% | +0.06 |
| FELE Franklin Electric Co. Inc. | Add +2204.7% | 0.06% | +0.06 |
| ILMN Illumina Inc. | Add +252.2% | 0.09% | +0.06 |
| THC Tenet Healthcare Corp. | Add +171.7% | 0.09% | +0.06 |
| NTCT Netscout Systems Inc. | Add +813.8% | 0.07% | +0.06 |
| MGA Magna International Inc. | New | 0.06% | +0.06 |
| MMS Maximus Inc. | Add +93.0% | 0.10% | +0.06 |
| CMI Cummins Inc. | New | 0.06% | +0.06 |
| KRG Kite Realty Group Trust | New | 0.06% | +0.06 |
| APD Air Products & Chemicals Inc. | Add +187300.0% | 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 |