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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
MU icon
51
Micron Technology
MU
$1.05T
$169M 0.3%
1,009,271
-65,269
-6% -$8.35M
MS icon
52
Morgan Stanley
MS
$342B
$169M 0.3%
1,062,009
-74,140
-7% -$10.9M
TMO icon
53
Thermo Fisher Scientific
TMO
$222B
$167M 0.29%
344,517
-20,132
-6% -$9.37M
VZ icon
54
Verizon
VZ
$195B
$166M 0.29%
3,778,369
-254,991
-6% -$11M
AXP icon
55
American Express
AXP
$231B
$165M 0.29%
497,707
-41,090
-8% -$13.1M
BKNG icon
56
Booking.com
BKNG
$159B
$164M 0.29%
759,400
-50,700
-6% -$11.3M
QCOM icon
57
Qualcomm
QCOM
$171B
$163M 0.29%
980,013
-76,977
-7% -$12.2M
BLK icon
58
Blackrock
BLK
$179B
$162M 0.28%
138,672
-6,257
-4% -$6.99M
LRCX icon
59
Lam Research
LRCX
$411B
$159M 0.28%
1,190,717
-81,099
-6% -$8.59M
APP icon
60
Applovin
APP
$103B
$158M 0.28%
219,566
-23,714
-10% -$10.9M
GEV icon
61
GE Vernova
GEV
$277B
$155M 0.27%
251,483
-14,888
-6% -$9.02M
TXN icon
62
Texas Instruments
TXN
$254B
$152M 0.27%
825,708
-54,875
-6% -$10.7M
SCHW
63
Charles Schwab
SCHW
$188B
$147M 0.26%
1,537,222
-43,800
-3% -$4.16M
AMAT icon
64
Applied Materials
AMAT
$438B
$147M 0.26%
716,407
-60,869
-8% -$11M
TJX icon
65
TJX Companies
TJX
$169B
$146M 0.25%
1,007,123
-75,868
-7% -$10.1M
ISRG icon
66
Intuitive Surgical
ISRG
$142B
$144M 0.25%
323,070
-22,174
-6% -$10.6M
BA icon
67
Boeing
BA
$183B
$143M 0.25%
662,713
-45,406
-6% -$10.2M
NEE icon
68
NextEra Energy
NEE
$179B
$143M 0.25%
1,893,963
-121,836
-6% -$8.9M
ACN icon
69
Accenture
ACN
$109B
$139M 0.24%
565,536
-38,785
-6% -$10.1M
ANET icon
70
Arista Networks
ANET
$266B
$138M 0.24%
945,162
-48,698
-5% -$6.27M
SPGI icon
71
S&P Global
SPGI
$120B
$138M 0.24%
282,571
-21,231
-7% -$11.4M
APH icon
72
Amphenol
APH
$211B
$137M 0.24%
1,107,672
-104,596
-9% -$11.5M
ADBE icon
73
Adobe
ADBE
$102B
$137M 0.24%
388,242
-30,839
-7% -$11.1M
AMGN icon
74
Amgen
AMGN
$225B
$137M 0.24%
485,022
-30,913
-6% -$8.97M
PFE icon
75
Pfizer
PFE
$150B
$134M 0.24%
5,273,787
-257,262
-5% -$6.35M
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.