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State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System Portfolio holdings

AUM $60.3B
1-Year Est. Return 42.74%
This Fund
S&P 500
This Quarter Est. Return
+8.34%
1 Year Est. Return
+42.74%
3 Year Est. Return
+123.7%
5 Year Est. Return
+164.12%
10 Year Est. Return
+631.09%
AUM
$42.7B
AUM Growth
-$5.28B
Cap. Flow
+$1.38B
Cap. Flow %
3.23%
Top 10 Hldgs %
24.12%
Holding
2,552
New
121
Increased
1,258
Reduced
751
Closed
416

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$153M
2
MSFT icon
Microsoft
MSFT
+$149M
3
NVDA icon
NVIDIA
NVDA
+$82M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$73.8M
5
META icon
Meta Platforms (Facebook)
META
+$56.3M

Top Sells

Rank Stock Value
1
IWN icon
iShares Russell 2000 Value ETF
IWN
+$214M
2
WMT icon
Walmart Inc
WMT
+$172M
3
FERG icon
Ferguson
FERG
+$33.8M
4
KVUE icon
Kenvue
KVUE
+$31.5M
5
AVGO icon
Broadcom
AVGO
+$30.4M

Sector Composition

Rank Sector Weight
1 Technology 26.32%
2 Healthcare 13.98%
3 Financials 12.64%
4 Consumer Discretionary 10.56%
5 Industrials 8.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMO icon
26
Thermo Fisher Scientific
TMO
$224B
$247M 0.58%
428,223
+22,678
+6% +$12.7M
COST icon
27
Costco
COST
$419B
$245M 0.57%
492,940
+14,001
+3% +$10M
CSCO icon
28
Cisco
CSCO
$475B
$244M 0.57%
4,660,925
+195,952
+4% +$9.78M
WMT icon
29
Walmart Inc
WMT
$901B
$238M 0.56%
1,615,549
-3,009,452
-65% -$172M
BAC icon
30
Bank of America
BAC
$448B
$225M 0.53%
7,850,155
+365,407
+5% +$12.5M
MCD icon
31
McDonald's
MCD
$194B
$220M 0.52%
788,417
+33,498
+4% +$9.74M
CRM icon
32
Salesforce
CRM
$162B
$210M 0.49%
1,050,700
+54,184
+5% +$15.6M
ADBE icon
33
Adobe
ADBE
$105B
$201M 0.47%
520,484
+26,073
+5% +$14.9M
ABT icon
34
Abbott
ABT
$190B
$198M 0.46%
1,951,810
+103,625
+6% +$11.9M
DIS icon
35
Walt Disney
DIS
$179B
$197M 0.46%
1,968,620
+81,209
+4% +$8.48M
ACN icon
36
Accenture
ACN
$110B
$197M 0.46%
688,131
+25,867
+4% +$9.43M
LIN icon
37
Linde
LIN
$226B
$191M 0.45%
537,793
+16,206
+3% +$7.02M
VZ icon
38
Verizon
VZ
$196B
$188M 0.44%
4,832,361
+179,218
+4% +$7.23M
CMCSA icon
39
Comcast
CMCSA
$91B
$188M 0.44%
4,950,713
+428,043
+9% +$18.5M
TXN icon
40
Texas Instruments
TXN
$257B
$187M 0.44%
1,006,990
+41,276
+4% +$6.88M
DHR icon
41
Danaher
DHR
$146B
$179M 0.42%
710,989
+16,289
+2% +$3.98M
AMD icon
42
Advanced Micro Devices
AMD
$774B
$178M 0.42%
1,811,793
+128,959
+8% +$22.5M
BMY icon
43
Bristol-Myers Squibb
BMY
$130B
$172M 0.4%
2,483,692
+183,144
+8% +$9.33M
PM icon
44
Philip Morris
PM
$290B
$170M 0.4%
1,747,848
+157,272
+10% +$14.5M
NEE icon
45
NextEra Energy
NEE
$179B
$169M 0.39%
2,187,642
+29,721
+1% +$1.74M
NKE icon
46
Nike
NKE
$61.3B
$167M 0.39%
1,364,583
+109,434
+9% +$11.1M
NFLX icon
47
Netflix
NFLX
$311B
$167M 0.39%
4,838,810
+205,540
+4% +$11.6M
ORCL icon
48
Oracle
ORCL
$419B
$163M 0.38%
1,753,739
+103,396
+6% +$11.8M
WFC icon
49
Wells Fargo
WFC
$264B
$162M 0.38%
4,344,971
+362,530
+9% +$19M
QCOM icon
50
Qualcomm
QCOM
$171B
$162M 0.38%
1,268,459
+92,025
+8% +$14.2M
1
2
3 4 5

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State Board of Administration of Florida Retirement System's Q1 2024 Portfolio in Review

As of Q1 2024, State Board of Administration of Florida Retirement System held 2,552 positions worth $42.7B, down 11% from $48B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State Board of Administration of Florida Retirement System deployed $1.38B of net new capital in Q1 2024, opening 121 new positions and adding to 1,258 existing holdings. Its largest new stake was Copa Holdings: 30,791 shares worth $2.84M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 29% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Walmart Inc, an estimated $172M trimmed.

  • State Board of Administration of Florida Retirement System's largest Q1 2024 buy was Copa Holdings: 30,791 shares worth $2.84M.
  • State Board of Administration of Florida Retirement System added most to Apple in Q1 2024, an estimated $153M increase.
  • State Board of Administration of Florida Retirement System's biggest Q1 2024 reduction was Walmart Inc, cutting an estimated $172M.
  • State Board of Administration of Florida Retirement System fully exited iShares Russell 2000 Value ETF in Q1 2024, selling an estimated $214M.
  • State Board of Administration of Florida Retirement System's ten largest holdings make up 24% of its $42.7B portfolio in Q1 2024.
  • State Board of Administration of Florida Retirement System opened 121 new positions and closed 416 in Q1 2024.
  • State Board of Administration of Florida Retirement System's portfolio value fell 11% quarter-over-quarter to $42.7B.

Based on State Board of Administration of Florida Retirement System's 13F filing for Q1 2024, filed 8 May 2024.