Washington State Investment Board Portfolio Concentration: A Deep Dive

The Washington State Investment Board (WSIB) maintains a portfolio with significant concentration as of June 30, 2026.

Its largest position is held in FTAI Aviation Ltd, represented by the ticker symbol FTAI. This single holding accounts for a substantial portion of the total portfolio value, specifically 79.58%. The stock is valued at $213,127,592 in WSIB's holdings.

The second major position within WSIB's portfolio belongs to FTAI Infrastructure Inc, identified by the symbol FIP. This holding is situated within the Industrials sector and represents 20.42% of the total portfolio value, amounting to $54,686,015.

These two holdings from FTAI Ltd completely dominate WSIB's investment landscape as of this date. Together, they constitute a holding count of just two stocks and represent 100% of the entire portfolio's value ($213,127,592 + $54,686,015 = $267,813,607). This extreme concentration means WSIB has no other significant investments outside these two entities.

From a sector perspective, the portfolio reflects this heavy focus. The Washington State Investment Board's allocation shows 'Unknown' as one category (likely encompassing FTAI Aviation Ltd) and Industrials as another, covering the other major holding. This indicates a very narrow sector exposure.

Notably, there were no changes in WSIB's holdings during the most recent reporting period. The data shows 'change_in_shares_from_prior_period' and 'change_percent_from_prior_period' at 0 for both FTAI and FIP stocks. This lack of turnover underscores a stable position but also highlights that any performance or risk associated with these two companies directly impacts WSIB's portfolio.