Washington State Investment Board

Concentrated strategySector-focusedQuality / disciplined sizing

Total reported value

$251.2M

Reporting period: 2026-03-31 · Number of holdings: 2

WASHINGTON STATE INVESTMENT BOARD disclosed 2 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $251.2M and a quarterly turnover rate of 23.7%.

Personality snowflake

Concentration: 100
Portfolio Stability: 23.68
Momentum/Contrarian: 50
Sector conviction: 100
Diversification: 4
Sizing Uniformity: 92.41

Recent moves

Trim FTAI
-39.3%　-$62.6M
Add FIP
0.0%　$3.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change	4Q Trend
1	FTAI	FTAI Aviation Ltd.	Stock-Industrials	76.83%	-5.64%	-39.32%
2	FIP	Ftai Infrastructure INC	Stock-Other	23.17%	+5.64%	—

Portfolio Performance

Performance for Q3 2026

-18.6%

Performance Last 4 Quarters

+33.6%

Stdev: +47.3%
Beta: +1.34
Alpha: +44.1%
Max Drawdown: -38.6%
Annualized Perf: +76.2%
Batting Avg vs S&P: +69.4%
Sortino: +2.63
Stutzer: +0.41
Treynor: +0.51
Sterling: +2.21
Calmar: +1.97
Information Ratio: +1.14
Tracking Error: +44.2%
Stdev Down: +26.2%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +295.6%
Worst 12 Months: -8.1%
Efficiency Ratio: +1.04
Sharpe: +1.46
Stdev Sectors: 0%
Skewness: -0.43
Kurtosis: +0.24
Upside Potential: +4.04

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	2	$251.2M	24	1FTAI 2FIP Top holdings2026-03-31 1.FTAI 2.FIP
2025-12-31	2	$309.9M	7	1FTAI 2FIP Top holdings2025-12-31 1.FTAI 2.FIP
2025-09-30	2	$289.7M	12	1FTAI 2FIP Top holdings2025-09-30 1.FTAI 2.FIP
2025-06-30	2	$256.5M	0	1FTAI 2FIP Top holdings2025-06-30 1.FTAI 2.FIP
2025-03-31	2	$260.4M	100	1FTAI 2FIP Top holdings2025-03-31 1.FTAI 2.FIP
2024-12-31	2	$383.8M	0	1FTAI 2FIP Top holdings2024-12-31 1.FTAI 2.FIP
2024-09-30	2	$963.9M	0	1FTAI 2FIP Top holdings2024-09-30 1.FTAI 2.FIP
2024-06-30	2	$959.3M	0	1FTAI 2FIP Top holdings2024-06-30 1.FTAI 2.FIP
2024-03-31	2	$633.1M	0	1FTAI 2FIP Top holdings2024-03-31 1.FTAI 2.FIP
2023-12-31	2	$431.3M	0	1FTAI 2FIP Top holdings2023-12-31 1.FTAI 2.FIP
2023-09-30	2	$333.3M	0	1FTAI 2FIP Top holdings2023-09-30 1.FTAI 2.FIP
2023-06-30	2	$353.3M	0	1FTAI 2FIP Top holdings2023-06-30 1.FTAI 2.FIP
2023-03-31	2	$364.9M	0	1FTAI 2FIP Top holdings2023-03-31 1.FTAI 2.FIP
2022-12-31	2	$236.5M	0	1FTAI 2FIP Top holdings2022-12-31 1.FTAI 2.FIP
2022-09-30	2	$205.0M	0	1FTAIEUR 2FIP Top holdings2022-09-30 1.FTAIEUR 2.FIP
2022-06-30	1	$227.9M	0	1FTAIEUR Top holdings2022-06-30 1.FTAIEUR
2022-03-31	1	$303.5M	0	1FTAIEUR Top holdings2022-03-31 1.FTAIEUR
2021-12-31	1	$340.8M	0	1FTAIEUR Top holdings2021-12-31 1.FTAIEUR
2021-09-30	1	$299.1M	0	1FTAIEUR Top holdings2021-09-30 1.FTAIEUR
2021-06-30	1	$395.4M	100	1FTAIEUR Top holdings2021-06-30 1.FTAIEUR
2021-03-31	1	$332.2M	18	1FTAIEUR Top holdings2021-03-31 1.FTAIEUR
2020-12-31	1	$276.5M	31	1FTAIEUR Top holdings2020-12-31 1.FTAIEUR
2020-09-30	1	$201.9M	27	1FTAIEUR Top holdings2020-09-30 1.FTAIEUR
2020-06-30	1	$153.1M	100	1FTAIEUR Top holdings2020-06-30 1.FTAIEUR
2016-03-31	26	$69.6M	13	1YRI 2INGR 3XOM Top holdings2016-03-31 1.YRI 2.INGR 3.XOM 4.AA 5.SU 6.EOG 7.453038 8.CVX 9.61166W 10.TECK
2015-12-31	25	$63.0M	10	1AA 2XOM 3INGR Top holdings2015-12-31 1.AA 2.XOM 3.INGR 4.61166W 5.SU 6.EOG 7.453038 8.CVX 9.OXY 10.YRI
2015-09-30	25	$63.1M	31	1AA 2XOM 3SU Top holdings2015-09-30 1.AA 2.XOM 3.SU 4.EOG 5.INGR 6.453038 7.61166W 8.OXY 9.SCCO 10.CVX
2015-06-30	25	$81.9M	15	1CF 2ADM 3AA Top holdings2015-06-30 1.CF 2.ADM 3.AA 4.EOG 5.INGR 6.XOM 7.POT1EUR 8.453038 9.61166W 10.MOS
2015-03-31	25	$84.9M	12	1CF 2ADM 3AA Top holdings2015-03-31 1.CF 2.ADM 3.AA 4.EOG 5.POT1EUR 6.XOM 7.61166W 8.453038 9.INGR 10.SU
2014-12-31	27	$94.8M	12	1AA 2ADM 3CF Top holdings2014-12-31 1.AA 2.ADM 3.CF 4.POT1EUR 5.XOM 6.EOG 7.453038 8.INGR 9.61166W 10.SU
2014-09-30	26	$104.2M	13	1AA 2ADM 3CF Top holdings2014-09-30 1.AA 2.ADM 3.CF 4.78413F 5.374111 6.453038 7.SU 8.EOG 9.XOM 10.POT1EUR
2014-06-30	26	$112.2M	12	1AA278413F3SU Top holdings2014-06-30 1.AA 2.78413F 3.SU 4.EOG 5.453038 6.374111 7.ADM 8.POT1EUR 9.XOM 10.CF
2014-03-31	26	$101.8M	19	1AA 2CF 3ADM Top holdings2014-03-31 1.AA 2.CF 3.ADM 4.XOM 5.EOG 6.453038 7.POT1EUR 8.SU 9.OXY 10.SWN1EUR
2013-12-31	26	$106.1M	11	1BTU 2ADM 3AA Top holdings2013-12-31 1.BTU 2.ADM 3.AA 4.XOM 5.CF 6.SU 7.453038 8.374111 9.FCX 10.OXY
2013-09-30	26	$100.2M	33	1BTU 2ADM 3SU Top holdings2013-09-30 1.BTU 2.ADM 3.SU 4.453038 5.374111 6.OXY 7.CF 8.XOM 9.CEO 10.EOG
2013-06-30	28	$100.8M	—	1BTU 2SFD 3ADM Top holdings2013-06-30 1.BTU 2.SFD 3.ADM 4.SWN1EUR 5.EOG 6.XOM 7.MOS 8.374111 9.OXY 10.SU

Holding changes this quarter

Washington State Investment Board's most significant position changes for 2026-03-31: Trim: FTAI Aviation Ltd. (FTAI) — shares -39.32%.

Position changes disclosed by Washington State Investment Board for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	FIP	Ftai Infrastructure INC	+5.6%	—	Unchanged
2	FTAI	FTAI Aviation Ltd.	-5.6%	-39.32%	Trim

FAQ

What is Washington State Investment Board and what type of investor is it?

Washington State Investment Board is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $251.2M, spread across 2 disclosed positions.

What are Washington State Investment Board's largest equity positions?

Based on the latest 13F filing, Washington State Investment Board's top holdings by market value are: 1. FTAI Aviation Ltd. (FTAI) — $193.0M (76.8%) 2. Ftai Infrastructure INC (FIP) — $58.2M (23.2%)

What changes did Washington State Investment Board make in its most recent portfolio filing?

In the latest quarter, Washington State Investment Board took a more defensive posture — trimming 1 positions and completely exiting 0 holdings. The largest of these moves: Trim: FTAI Aviation Ltd. (FTAI) — shares -39.32%

What sectors does Washington State Investment Board focus on?

Washington State Investment Board is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 100.0%