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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
+9.94%
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
$57.2B
AUM Growth
+$807M
Cap. Flow
-$3.38B
Cap. Flow %
-5.92%
Top 10 Hldgs %
34.97%
Holding
2,195
New
48
Increased
186
Reduced
1,155
Closed
111

Top Buys

Rank Stock Value
1
IWB icon
iShares Russell 1000 ETF
IWB
+$32.1M
2
CVX icon
Chevron
CVX
+$26.3M
3
EFA icon
iShares MSCI EAFE ETF
EFA
+$17.2M
4
SNPS icon
Synopsys
SNPS
+$11.6M
5
BAM icon
Brookfield Asset Management
BAM
+$5.42M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$235M
2
AAPL icon
Apple
AAPL
+$215M
3
MSFT icon
Microsoft
MSFT
+$215M
4
AMZN icon
Amazon
AMZN
+$109M
5
META icon
Meta Platforms (Facebook)
META
+$95.1M

Sector Composition

Rank Sector Weight
1 Technology 33.58%
2 Financials 13.39%
3 Consumer Discretionary 10.81%
4 Communication Services 10.12%
5 Healthcare 9.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GE icon
26
GE Aerospace
GE
$382B
$292M 0.51%
969,425
-67,361
-6% -$18.4M
UNH icon
27
UnitedHealth
UNH
$361B
$285M 0.5%
826,227
-50,970
-6% -$15.4M
CVX icon
28
Chevron
CVX
$386B
$274M 0.48%
1,762,848
+169,906
+11% +$26.3M
WFC icon
29
Wells Fargo
WFC
$264B
$251M 0.44%
2,997,038
-251,523
-8% -$20.4M
CSCO icon
30
Cisco
CSCO
$475B
$250M 0.44%
3,658,472
-267,295
-7% -$18.2M
AMD icon
31
Advanced Micro Devices
AMD
$774B
$238M 0.42%
1,468,375
-94,808
-6% -$15.3M
IBM icon
32
IBM
IBM
$225B
$238M 0.42%
841,879
-50,543
-6% -$13.2M
KO icon
33
Coca-Cola
KO
$372B
$237M 0.42%
3,580,397
-253,303
-7% -$17.4M
EFA icon
34
iShares MSCI EAFE ETF
EFA
$79.9B
$236M 0.41%
2,530,833
+188,814
+8% +$17.2M
PM icon
35
Philip Morris
PM
$290B
$230M 0.4%
1,417,899
-83,448
-6% -$14M
GS icon
36
Goldman Sachs
GS
$301B
$220M 0.39%
276,482
-19,710
-7% -$14.6M
ABT icon
37
Abbott
ABT
$190B
$212M 0.37%
1,582,761
-102,775
-6% -$13.5M
RTX icon
38
RTX Corp
RTX
$302B
$207M 0.36%
1,234,330
-82,836
-6% -$12.9M
CRM icon
39
Salesforce
CRM
$162B
$201M 0.35%
849,015
-59,086
-7% -$14.9M
CAT icon
40
Caterpillar
CAT
$388B
$200M 0.35%
419,989
-27,214
-6% -$11.6M
LIN icon
41
Linde
LIN
$226B
$200M 0.35%
421,204
-25,778
-6% -$12.2M
MCD icon
42
McDonald's
MCD
$194B
$198M 0.35%
651,033
-43,617
-6% -$13.3M
MRK icon
43
Merck
MRK
$322B
$192M 0.34%
2,291,300
-147,683
-6% -$12.2M
DIS icon
44
Walt Disney
DIS
$179B
$188M 0.33%
1,644,490
-116,898
-7% -$13.8M
T icon
45
AT&T
T
$168B
$187M 0.33%
6,609,659
-470,139
-7% -$13.4M
UBER icon
46
Uber
UBER
$160B
$181M 0.32%
1,846,294
-130,366
-7% -$12.2M
NOW icon
47
ServiceNow
NOW
$132B
$177M 0.31%
962,285
-57,495
-6% -$10.7M
PEP icon
48
PepsiCo
PEP
$189B
$174M 0.3%
1,235,496
-56,114
-4% -$8.01M
C icon
49
Citigroup
C
$228B
$172M 0.3%
1,691,229
-146,477
-8% -$13.9M
INTU icon
50
Intuit
INTU
$92B
$171M 0.3%
249,992
-17,029
-6% -$12.3M
1
2
3 4 5

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State Board of Administration of Florida Retirement System's Q3 2025 Portfolio in Review

As of Q3 2025, State Board of Administration of Florida Retirement System held 2,195 positions worth $57.2B, up 1.4% from $56.4B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

State Board of Administration of Florida Retirement System withdrew a net $3.38B in Q3 2025, closing 111 positions and reducing 1,155 holdings. Its most notable exit was Hess, an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 32% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, State Board of Administration of Florida Retirement System opened a new position in iShares Russell 2000 ETF worth $3.29M.

  • State Board of Administration of Florida Retirement System's largest Q3 2025 buy was iShares Russell 2000 ETF: 13,600 shares worth $3.29M.
  • State Board of Administration of Florida Retirement System added most to iShares Russell 1000 ETF in Q3 2025, an estimated $32.1M increase.
  • State Board of Administration of Florida Retirement System's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $235M.
  • State Board of Administration of Florida Retirement System fully exited Hess in Q3 2025, selling an estimated $39.2M.
  • State Board of Administration of Florida Retirement System's ten largest holdings make up 35% of its $57.2B portfolio in Q3 2025.
  • State Board of Administration of Florida Retirement System opened 48 new positions and closed 111 in Q3 2025.
  • State Board of Administration of Florida Retirement System's portfolio value rose 1.4% quarter-over-quarter to $57.2B.

Based on State Board of Administration of Florida Retirement System's 13F filing for Q3 2025, filed 14 Nov 2025.