State of Wyoming
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), State of Wyoming reported 1,783 stock positions worth $913.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 19.8% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 3.9%) and Nvidia (NVDA, 2.1%). Compared with Q3 2025, it opened 340 new positions, sold out of 374, added to 854 and reduced 580. The biggest buy was Nvidia (NVDA, shares +31%) and the biggest sale Apple (AAPL, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- CHEYENNE, WY
- CIK
- 0001821626
- Portfolio Value
- $913.0M (Q4 2025)
- SEC Filing
- 0001821626-26-000002 ↗ filed Feb 11, 2026
Holdings Value
Holdings 1,783 stocks · $913.0M
| SPY SS SPDR S&P 500 ETF Trust-US | 19.83% | 265,545 | $181.1M | Add +0.5% |
| EFA iShares MSCI Eafe ETF | 3.86% | 367,422 | $35.3M | Add +1.7% |
| NVDA Nvidia Corp. | 2.14% | 104,898 | $19.6M | Add +30.9% |
| MSFT Microsoft Corp. | 1.82% | 34,451 | $16.7M | Add +29.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.38% | 173,396 | $12.6M | Add +1.9% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.99% | 23,262 | $9.0M | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 0.87% | 25,505 | $8.0M | Reduce -4.0% |
| AAPL Apple Inc. | 0.78% | 26,094 | $7.1M | Reduce -54.8% |
| GOOG Alphabet Inc. Class C | 0.70% | 20,474 | $6.4M | Reduce -4.4% |
| EWT iShares MSCI Taiwan ETF | 0.70% | 100,280 | $6.4M | Reduce -0.8% |
| INDA iShares MSCI India ETF | 0.55% | 93,060 | $5.0M | Reduce -4.7% |
| EWC iShares MSCI Canada ETF | 0.54% | 90,607 | $4.9M | Add +0.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.47% | 14,120 | $4.3M | Reduce -3.5% |
| AMZN Amazon.com Inc. | 0.43% | 17,066 | $3.9M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 0.41% | 5,705 | $3.8M | Reduce -42.4% |
| SPOT Spotify Technology SA | 0.36% | 5,625 | $3.3M | Add +90.3% |
| IBKR Interactive Brokers Gro Class A | 0.35% | 49,352 | $3.2M | Add +1.3% |
| PWR Quanta Services Inc. | 0.34% | 7,293 | $3.1M | Add +0.4% |
| UPWK Upwork Inc. | 0.32% | 146,941 | $2.9M | Add +12.5% |
| MA Mastercard Inc. Class A | 0.32% | 5,075 | $2.9M | Add +37.1% |
| AVGO Broadcom Inc. | 0.31% | 8,272 | $2.9M | Reduce -4.0% |
| ALLY Ally Financial Inc. | 0.31% | 62,213 | $2.8M | Add +12.6% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.30% | 41,373 | $2.8M | Reduce -58.9% |
| EEM iShares MSCI Emerging Market | 0.29% | 49,110 | $2.7M | New |
| ILMN Illumina Inc. | 0.27% | 19,125 | $2.5M | Add +137.5% |
| GRFS Grifols SA-ADR | 0.27% | 263,082 | $2.5M | Add +11.7% |
| HUM Humana Inc. | 0.26% | 9,372 | $2.4M | Add +93.0% |
| NCNO Ncino Inc. | 0.25% | 87,650 | $2.2M | Add +31.3% |
| CENX Century Aluminum Company | 0.24% | 56,929 | $2.2M | Add +14.3% |
| TSLA Tesla Inc. | 0.24% | 4,937 | $2.2M | Reduce -3.8% |
| DY Dycom Industries Inc. | 0.24% | 6,560 | $2.2M | Add +9.6% |
| ECHO Echostar Corp. Class A | 0.24% | 20,009 | $2.2M | Add +1.3% |
| NRG NRG Energy Inc. | 0.24% | 13,592 | $2.2M | Add +61.9% |
| TIC Tic Solutions Inc. | 0.23% | 208,793 | $2.1M | Add +77.8% |
| KBR KBR Inc. | 0.22% | 51,051 | $2.1M | Add +39.5% |
| GTLB Gitlab Inc. Class A | 0.22% | 52,673 | $2.0M | Add +60.9% |
| SHOP Shopify Inc. Class A | 0.21% | 11,854 | $1.9M | Add +12.7% |
| PCG P G & E Corp. | 0.21% | 116,506 | $1.9M | Add +66.8% |
| AER Aercap Holdings NV | 0.20% | 12,854 | $1.8M | Add +71.2% |
| COHR Coherent Corp. | 0.20% | 9,787 | $1.8M | Reduce -7.3% |
| GRBK Green Brick Partners Inc. | 0.19% | 27,885 | $1.7M | Add +29.4% |
| KVUE Kenvue Inc. | 0.19% | 97,992 | $1.7M | Add +233.5% |
| SNDK Sandisk Corp. | 0.18% | 7,002 | $1.7M | Reduce -22.0% |
| CMC Commercial Metals Co. | 0.18% | 23,559 | $1.6M | Add +199.3% |
| TWLO Twilio Inc. Class A | 0.18% | 11,431 | $1.6M | Add +33.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 3,226 | $1.6M | Reduce -4.0% |
| CSCO Cisco Systems Inc. | 0.18% | 20,898 | $1.6M | Add +476.7% |
| CPNG Coupang Inc. | 0.17% | 67,300 | $1.6M | Add +22.7% |
| JPM JPMorgan Chase & Co. | 0.17% | 4,836 | $1.6M | Reduce -5.0% |
| TOST Toast Inc. Class A | 0.17% | 43,435 | $1.5M | Add +113.0% |
| TSEM Tower Semiconductor Ltd. | 0.17% | 13,054 | $1.5M | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 0.17% | 6,200 | $1.5M | Add +17.0% |
| LRCX Lam Research Corp. | 0.17% | 8,896 | $1.5M | Reduce -5.0% |
| LLY Eli Lilly & Co. | 0.16% | 1,399 | $1.5M | Reduce -3.0% |
| ARMK Aramark | 0.16% | 40,448 | $1.5M | Add +22.0% |
| FLUT Flutter Entertainment PLC-Di | 0.16% | 6,845 | $1.5M | Add +20.9% |
| GLBE Global-E Online Ltd. | 0.16% | 37,089 | $1.5M | Add +63.0% |
| EWZ iShares MSCI Brazil ETF | 0.15% | 44,410 | $1.4M | Reduce -3.9% |
| FN Fabrinet | 0.15% | 3,094 | $1.4M | Add +5.8% |
| MELI MercadoLibre Inc. | 0.15% | 697 | $1.4M | Reduce -1.4% |
| SHC Sotera Health Co. | 0.15% | 78,617 | $1.4M | Add +63.8% |
| MRP Millrose Properties | 0.15% | 46,203 | $1.4M | Add +11.4% |
| CWAN Clearwater Analytics HDS-A | 0.15% | 55,591 | $1.3M | Add +216.0% |
| SGI Somnigroup International Inc. | 0.15% | 14,941 | $1.3M | Add +593.6% |
| BKE The Buckle Inc. | 0.14% | 24,468 | $1.3M | Reduce -15.7% |
| ATMU Atmus Filtration Technologie | 0.13% | 23,490 | $1.2M | Reduce -1.9% |
| LAUR Laureate Education Inc. | 0.13% | 36,174 | $1.2M | Reduce -6.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.13% | 16,260 | $1.2M | Reduce -4.4% |
| ASO Academy Sports & Outdoors Inc. | 0.13% | 23,326 | $1.2M | Add +31.1% |
| APH Amphenol Corp. Class A | 0.13% | 8,582 | $1.2M | Reduce -3.1% |
| GMED Globus Medical Inc. Class A | 0.13% | 13,248 | $1.2M | Reduce -40.6% |
| DCI Donaldson Co. Inc. | 0.13% | 13,020 | $1.2M | Reduce -4.2% |
| MGA Magna International Inc. | 0.12% | 21,381 | $1.1M | Add +93.0% |
| FLR Fluor Corp. | 0.12% | 28,674 | $1.1M | Add +279.2% |
| GNW Genworth Financial Inc. | 0.12% | 123,808 | $1.1M | Add +84.2% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.12% | 12,300 | $1.1M | Reduce -3.5% |
| PFGC Performance Food Group Co. | 0.12% | 12,323 | $1.1M | Add +315.1% |
| EWS iShares MSCI Singapore ETF | 0.12% | 40,130 | $1.1M | Reduce -2.1% |
| BWXT BWX Technologies Inc. | 0.12% | 6,382 | $1.1M | Add +54.9% |
| GH Guardant Health Inc. | 0.12% | 10,626 | $1.1M | Reduce -1.1% |
| HDB HDFC Bank Ltd.-ADR | 0.12% | 29,652 | $1.1M | Reduce -0.8% |
| MC Moelis & Co. Class A | 0.12% | 15,594 | $1.1M | Add +64.9% |
| EZA iShares MSCI South Africa Et | 0.12% | 15,360 | $1.1M | Reduce -7.9% |
| PDD PDD Holdings Inc. | 0.12% | 9,280 | $1.1M | Reduce -3.5% |
| V Visa Inc. Class A | 0.11% | 2,987 | $1.0M | Reduce -68.2% |
| NFLX Netflix Inc. | 0.11% | 11,126 | $1.0M | Reduce -49.8% |
| CVS CVS Health Corp. | 0.11% | 12,717 | $1.0M | Add +62.4% |
| HUN Huntsman Corp. | 0.11% | 100,631 | $1.0M | Add +404.9% |
| MLM Martin Marietta Materials | 0.11% | 1,615 | $1.0M | Add +40.1% |
| U Unity Software Inc. | 0.11% | 22,587 | $998K | Reduce -45.3% |
| FLEX Flex Ltd. | 0.11% | 16,489 | $996K | Reduce -4.2% |
| SU Suncor Energy Inc. | 0.11% | 22,328 | $992K | Add +133.2% |
| DAN Dana Inc. | 0.11% | 41,562 | $988K | Add +131.3% |
| TEX Terex Corp. | 0.11% | 18,363 | $980K | Add +13.7% |
| OPLN Openlane Inc. | 0.11% | 32,856 | $978K | Add +2.1% |
| MFC Manulife Financial Corp. | 0.11% | 26,830 | $976K | Add +287.2% |
| ZWS Zurn Elkay Water Solutions C | 0.11% | 20,860 | $970K | Add +1462.5% |
| DOCU Docusign Inc. | 0.11% | 14,147 | $968K | Add +42.5% |
| KGC Kinross Gold Corp. | 0.10% | 33,903 | $955K | Reduce -25.3% |
| SYF Synchrony Financial | 0.10% | 11,426 | $953K | Reduce -21.2% |
Portfolio Sells Q3 2025 → Q4 2025
| AAPL Apple Inc. | Reduce -54.8% | 0.78% | −0.90 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.45 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -58.9% | 0.30% | −0.44 |
| META Meta Platforms Inc. Class A | Reduce -42.4% | 0.41% | −0.42 |
| V Visa Inc. Class A | Reduce -68.2% | 0.11% | −0.25 |
| OPEN Opendoor Technologies Inc. | Sold out | 0.00% | −0.23 |
| TD Toronto-Dominion Bank | Reduce -92.1% | 0.02% | −0.21 |
| NFLX Netflix Inc. | Reduce -49.8% | 0.11% | −0.19 |
| STX Seagate Technology Holdings | Reduce -69.2% | 0.09% | −0.17 |
| WDC Western Digital Corp. | Reduce -74.8% | 0.08% | −0.14 |
| CRM Salesforce Inc. | Reduce -89.0% | 0.02% | −0.13 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.12 |
| GEHC GE Healthcare Technology | Reduce -96.9% | 0.00% | −0.11 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -51.9% | 0.10% | −0.10 |
| REVG Rev Group Inc. | Sold out | 0.00% | −0.10 |
| NBIS Nebius Group NV | Reduce -92.1% | 0.01% | −0.09 |
| TLN Talen Energy Corp. | Reduce -47.0% | 0.08% | −0.09 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.09 |
| HBM Hudbay Minerals Inc. | Sold out | 0.00% | −0.09 |
| DIS The Walt Disney Co. | Reduce -77.7% | 0.02% | −0.09 |
| UFPI Ufp Industries Inc. | Reduce -72.8% | 0.03% | −0.08 |
| NTAP Netapp Inc. | Reduce -92.7% | 0.01% | −0.08 |
| U Unity Software Inc. | Reduce -45.3% | 0.11% | −0.08 |
| CRUS Cirrus Logic Inc. | Reduce -82.7% | 0.01% | −0.08 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.08 |
| PTCT PTC Therapeutics Inc. | Sold out | 0.00% | −0.08 |
| FPI Farmland Partners Inc. | Sold out | 0.00% | −0.07 |
| ZEUS Olympic Steel Inc. | Sold out | 0.00% | −0.07 |
| PAA Plains All Amer Pipeline LP | Sold out | 0.00% | −0.07 |
| PRO Pros Holdings Inc. | Sold out | 0.00% | −0.07 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.07 |
| CCRN Cross Country Healthcare Inc. | Sold out | 0.00% | −0.07 |
| TT Trane Technologies PLC | Reduce -66.6% | 0.03% | −0.07 |
| TIXT Telus International Cda Inc. | Sold out | 0.00% | −0.07 |
| VST Vistra Corp. | Sold out | 0.00% | −0.06 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.06 |
| SBR Sabine Royalty Trust | Reduce -70.5% | 0.02% | −0.06 |
| AFYA Afya Ltd. Class A | Sold out | 0.00% | −0.06 |
| CNH CNH Industrial NV | Reduce -75.7% | 0.02% | −0.06 |
| EXLS Exlservice Holdings Inc. | Reduce -37.7% | 0.08% | −0.06 |
| NUS Nu Skin Enterprises Inc. Class A | Reduce -59.1% | 0.03% | −0.06 |
| JKHY Jack Henry & Associates Inc. | Reduce -88.7% | 0.01% | −0.06 |
| RYZ Ryerson Holding Corp. | Reduce -67.5% | 0.03% | −0.06 |
| WDAY Workday Inc. Class A | Reduce -34.1% | 0.07% | −0.06 |
| PENG Penguin Solutions Inc. | Sold out | 0.00% | −0.06 |
| CRS Carpenter Technology | Reduce -66.4% | 0.04% | −0.06 |
| AMAT Applied Materials Inc. | Reduce -50.3% | 0.08% | −0.06 |
| MCRI Monarch Casino & Resort Inc. | Reduce -85.9% | 0.01% | −0.06 |
| AIT Applied Industrial Tech Inc. | Reduce -60.1% | 0.03% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Add +30.9% | 2.14% | +0.44 |
| EEM iShares MSCI Emerging Market | New | 0.29% | +0.29 |
| MSFT Microsoft Corp. | Add +29.1% | 1.82% | +0.25 |
| ILMN Illumina Inc. | Add +137.5% | 0.27% | +0.19 |
| CSCO Cisco Systems Inc. | Add +476.7% | 0.18% | +0.15 |
| KVUE Kenvue Inc. | Add +233.5% | 0.19% | +0.13 |
| CMC Commercial Metals Co. | Add +199.3% | 0.18% | +0.13 |
| SGI Somnigroup International Inc. | Add +593.6% | 0.15% | +0.13 |
| SPOT Spotify Technology SA | Add +90.3% | 0.36% | +0.12 |
| HUM Humana Inc. | Add +93.0% | 0.26% | +0.12 |
| CWAN Clearwater Analytics HDS-A | Add +216.0% | 0.15% | +0.11 |
| KLAR Klarna Group PLC | New | 0.10% | +0.10 |
| ZWS Zurn Elkay Water Solutions C | Add +1462.5% | 0.11% | +0.10 |
| AER Aercap Holdings NV | Add +71.2% | 0.20% | +0.10 |
| ENS Enersys | Add +1148.1% | 0.10% | +0.09 |
| LVS Las Vegas Sands Corp. | New | 0.09% | +0.09 |
| KDP Keurig Dr Pepper Inc. | New | 0.09% | +0.09 |
| HUN Huntsman Corp. | Add +404.9% | 0.11% | +0.09 |
| FLR Fluor Corp. | Add +279.2% | 0.12% | +0.09 |
| PFGC Performance Food Group Co. | Add +315.1% | 0.12% | +0.09 |
| PCG P G & E Corp. | Add +66.8% | 0.21% | +0.09 |
| TOST Toast Inc. Class A | Add +113.0% | 0.17% | +0.08 |
| MFC Manulife Financial Corp. | Add +287.2% | 0.11% | +0.08 |
| NRG NRG Energy Inc. | Add +61.9% | 0.24% | +0.08 |
| AMD Advanced Micro Devices | Add +330.6% | 0.10% | +0.08 |
| TWLO Twilio Inc. Class A | Add +33.8% | 0.18% | +0.08 |
| CENX Century Aluminum Company | Add +14.3% | 0.24% | +0.08 |
| MA Mastercard Inc. Class A | Add +37.1% | 0.32% | +0.08 |
| CI The Cigna Group | Add +1383.3% | 0.08% | +0.08 |
| FLS Flowserve Corp. | Add +183.1% | 0.10% | +0.07 |
| TCMD Tactile Systems Technology I | Add +162.1% | 0.09% | +0.07 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +1.9% | 1.38% | +0.07 |
| VLO Valero Energy Corp. | New | 0.07% | +0.07 |
| ADMA Adma Biologics Inc. | New | 0.07% | +0.07 |
| SSRM SSR Mining Inc. | New | 0.07% | +0.07 |
| DVN Devon Energy Corp. | New | 0.07% | +0.07 |
| INMD Inmode Ltd. | New | 0.07% | +0.07 |
| AMRZ Amrize Ltd. | Add +1725.2% | 0.07% | +0.07 |
| DAN Dana Inc. | Add +131.3% | 0.11% | +0.07 |
| MTRN Materion Corp. | Add +3722.7% | 0.07% | +0.07 |
| GLBE Global-E Online Ltd. | Add +63.0% | 0.16% | +0.07 |
| IQV Iqvia Holdings Inc. | Add +151.4% | 0.10% | +0.07 |
| ACN Accenture PLC Class A | Add +1053.7% | 0.07% | +0.07 |
| ECHO Echostar Corp. Class A | Add +1.3% | 0.24% | +0.07 |
| SHC Sotera Health Co. | Add +63.8% | 0.15% | +0.07 |
| MIDD Middleby Corp. | New | 0.07% | +0.07 |
| MGA Magna International Inc. | Add +93.0% | 0.12% | +0.07 |
| MMM 3M Co. | Add +2413.0% | 0.07% | +0.07 |
| ARHS Arhaus Inc. | New | 0.06% | +0.06 |
| ARCB Arcbest Corp. | Add +448.6% | 0.08% | +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 |