State of Wisconsin - Board of Commissioners of Public Lands
The State of Wisconsin Board of Commissioners of Public Lands (BCPL), headquartered in Madison, WI, is Wisconsin’s oldest state agency, founded in 1848. BCPL invests and manages the state’s school trust funds and approximately 75,000 acres of public trust lands to benefit public schools, students, the University of Wisconsin, and Wisconsin citizens. The agency also administers the State Trust Fund Loan Program, which provides financing for municipalities and school districts for public purpose projects. BCPL maintains a significant archive of historical land records. As of 2021–2023, BCPL has about 9.5 employees.
Investment Strategy
BCPL follows a public-purpose investment strategy focused on prudent management of Wisconsin’s school trust funds, public lands, and related assets to maximize returns for public education while maintaining the principal. Its approach includes investing revenue from land sales, timber production, fees, fines, and forfeitures into trust funds, with income distributed as library aid and loans for public projects across Wisconsin. The agency prioritizes sustainable timber management, preservation of public access to forest lands, and long-term financial support for Wisconsin’s schools and communities.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PSK | SPDR ICE Preferred Stock ETF | 17.14% | $26.7M | 840,093 | $33.96 | $31.76 | -$529.3K |
P PFXF | VanEck Preferred Ex-Financials | 16.78% | $26.1M | 1,525,220 | $17.65 | $17.12 | +$549.1K |
P PFFD | Global X US Preferred | 16.23% | $25.3M | 1,341,305 | $19.85 | $18.83 | -$281.7K |
U USHY | iShares Broad USD HY Corp Bond ETF | 1.17% | $1.8M | 48,550 | $35.55 | $37.51 | +$34.0K |