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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
+4.94%
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
$50.8B
AUM Growth
+$8.06B
Cap. Flow
-$4.85B
Cap. Flow %
-9.55%
Top 10 Hldgs %
31.92%
Holding
2,430
New
294
Increased
597
Reduced
1,292
Closed
242

Top Buys

Rank Stock Value
1
WMT icon
Walmart Inc
WMT
+$181M
2
IWN icon
iShares Russell 2000 Value ETF
IWN
+$110M
3
GEV icon
GE Vernova
GEV
+$43.1M
4
CRH icon
CRH
CRH
+$40.5M
5
FERG icon
Ferguson
FERG
+$35.9M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$406M
2
MSFT icon
Microsoft
MSFT
+$367M
3
NVDA icon
NVIDIA
NVDA
+$229M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$164M
5
META icon
Meta Platforms (Facebook)
META
+$147M

Sector Composition

Rank Sector Weight
1 Technology 31.9%
2 Financials 12.34%
3 Healthcare 11.72%
4 Consumer Discretionary 10.31%
5 Communication Services 8.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NOW icon
51
ServiceNow
NOW
$132B
$162M 0.32%
1,031,445
-132,885
-11% -$19.5M
CAT icon
52
Caterpillar
CAT
$388B
$161M 0.32%
484,119
-109,489
-18% -$38M
IBM icon
53
IBM
IBM
$225B
$156M 0.31%
904,870
-89,187
-9% -$15.5M
ISRG icon
54
Intuitive Surgical
ISRG
$142B
$153M 0.3%
344,806
-41,884
-11% -$16.7M
PM icon
55
Philip Morris
PM
$290B
$152M 0.3%
1,502,437
-245,411
-14% -$24M
UBER icon
56
Uber
UBER
$160B
$149M 0.29%
2,047,533
+32,673
+2% +$2.27M
T icon
57
AT&T
T
$168B
$147M 0.29%
7,701,345
-570,335
-7% -$9.92M
MU icon
58
Micron Technology
MU
$981B
$147M 0.29%
1,116,140
-162,385
-13% -$20.5M
NEE icon
59
NextEra Energy
NEE
$179B
$144M 0.28%
2,036,987
-150,655
-7% -$10.7M
LRCX icon
60
Lam Research
LRCX
$390B
$142M 0.28%
1,329,040
-179,550
-12% -$17.2M
RTX icon
61
RTX Corp
RTX
$302B
$140M 0.27%
1,390,707
-212,697
-13% -$22M
COP icon
62
ConocoPhillips
COP
$151B
$140M 0.27%
1,220,302
-218,624
-15% -$26.6M
SPGI icon
63
S&P Global
SPGI
$120B
$138M 0.27%
308,906
-52,818
-15% -$22.7M
BKNG icon
64
Booking.com
BKNG
$160B
$137M 0.27%
862,475
-218,200
-20% -$32.3M
INTC icon
65
Intel
INTC
$493B
$134M 0.26%
4,341,842
-254,431
-6% -$8.34M
HON icon
66
Honeywell
HON
$72.9B
$134M 0.26%
666,955
-103,310
-13% -$19.7M
UNP icon
67
Union Pacific
UNP
$174B
$133M 0.26%
586,319
-90,948
-13% -$21.3M
GS icon
68
Goldman Sachs
GS
$301B
$131M 0.26%
288,651
-50,998
-15% -$22.4M
AXP icon
69
American Express
AXP
$230B
$130M 0.26%
562,973
-118,070
-17% -$27.3M
TJX icon
70
TJX Companies
TJX
$172B
$129M 0.25%
1,172,241
-139,326
-11% -$14M
ELV icon
71
Elevance Health
ELV
$84.7B
$127M 0.25%
234,105
-28,548
-11% -$15.1M
ETN icon
72
Eaton
ETN
$178B
$126M 0.25%
400,930
-57,809
-13% -$18.7M
VRTX icon
73
Vertex Pharmaceuticals
VRTX
$134B
$125M 0.25%
266,540
-39,335
-13% -$17.1M
LOW icon
74
Lowe's Companies
LOW
$124B
$125M 0.25%
565,416
-117,096
-17% -$26.7M
PGR icon
75
Progressive
PGR
$123B
$122M 0.24%
589,707
-52,805
-8% -$11.1M
1 2
3
4 5

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State Board of Administration of Florida Retirement System's Q2 2024 Portfolio in Review

As of Q2 2024, State Board of Administration of Florida Retirement System held 2,430 positions worth $50.8B, up 19% from $42.7B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

State Board of Administration of Florida Retirement System withdrew a net $4.85B in Q2 2024, closing 242 positions and reducing 1,292 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $55.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 26% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State Board of Administration of Florida Retirement System opened a new position in iShares Russell 2000 Value ETF worth $110M.

  • State Board of Administration of Florida Retirement System's largest Q2 2024 buy was iShares Russell 2000 Value ETF: 720,322 shares worth $110M.
  • State Board of Administration of Florida Retirement System added most to Walmart Inc in Q2 2024, an estimated $181M increase.
  • State Board of Administration of Florida Retirement System's biggest Q2 2024 reduction was Apple, cutting an estimated $406M.
  • State Board of Administration of Florida Retirement System fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $55.3M.
  • State Board of Administration of Florida Retirement System's ten largest holdings make up 32% of its $50.8B portfolio in Q2 2024.
  • State Board of Administration of Florida Retirement System opened 294 new positions and closed 242 in Q2 2024.
  • State Board of Administration of Florida Retirement System's portfolio value rose 19% quarter-over-quarter to $50.8B.

Based on State Board of Administration of Florida Retirement System's 13F filing for Q2 2024, filed 8 Aug 2024.