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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
+4.01%
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
$56.5B
AUM Growth
-$642M
Cap. Flow
-$1.82B
Cap. Flow %
-3.23%
Top 10 Hldgs %
35.58%
Holding
2,124
New
40
Increased
197
Reduced
771
Closed
51

Top Buys

Rank Stock Value
1
Q
Qnity Electronics Inc
Q
+$17.3M
2
RKT icon
Rocket Companies
RKT
+$10.8M
3
OMC icon
Omnicom Group
OMC
+$8.89M
4
INSM icon
Insmed
INSM
+$8.26M
5
FLEX icon
Flex
FLEX
+$7.84M

Top Sells

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$121M
2
NVDA icon
NVIDIA
NVDA
+$111M
3
AAPL icon
Apple
AAPL
+$109M
4
MSFT icon
Microsoft
MSFT
+$96.5M
5
AMZN icon
Amazon
AMZN
+$57.2M

Sector Composition

Rank Sector Weight
1 Technology 33.27%
2 Financials 13.38%
3 Consumer Discretionary 10.64%
4 Communication Services 10.5%
5 Healthcare 9.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OUT icon
876
Outfront Media
OUT
$5.24B
$3.62M 0.01%
150,048
+4,100
+3% +$85.3K
ENPH icon
877
Enphase Energy
ENPH
$5.39B
$3.61M 0.01%
112,748
-4,150
-4% -$134K
STX icon
878
Seagate
STX
$209B
$3.6M 0.01%
13,062
– –
KBR icon
879
KBR
KBR
$4.81B
$3.57M 0.01%
88,858
-1,367
-2% -$58.6K
TREX icon
880
Trex
TREX
$5.1B
$3.57M 0.01%
101,673
-5,290
-5% -$214K
NEU icon
881
NewMarket
NEU
$8.72B
$3.55M 0.01%
5,171
+210
+4% +$160K
S icon
882
SentinelOne
S
$8.17B
$3.52M 0.01%
234,415
+11,680
+5% +$191K
AMTM
883
Amentum Holdings
AMTM
$5.3B
$3.51M 0.01%
120,865
– –
RYAN icon
884
Ryan Specialty Holdings
RYAN
$11B
$3.49M 0.01%
67,543
– –
QS icon
885
QuantumScape Corp
QS
$3.79B
$3.48M 0.01%
334,356
+27,400
+9% +$378K
MRP
886
Millrose Properties Inc
MRP
$5.02B
$3.47M 0.01%
116,194
– –
ACAD icon
887
Acadia Pharmaceuticals
ACAD
$4.89B
$3.44M 0.01%
128,689
– –
RYN icon
888
Rayonier
RYN
$6.54B
$3.43M 0.01%
158,452
-8,047
-5% -$182K
COLD icon
889
Americold
COLD
$4.32B
$3.41M 0.01%
265,165
-5,720
-2% -$70.1K
ZG icon
890
Zillow
ZG
$8.15B
$3.38M 0.01%
49,553
-1,038
-2% -$73K
ARW icon
891
Arrow Electronics
ARW
$10.6B
$3.37M 0.01%
30,595
– –
VKTX icon
892
Viking Therapeutics
VKTX
$3.84B
$3.34M 0.01%
95,034
+770
+0.8% +$27.3K
TPG icon
893
TPG
TPG
$8.86B
$3.34M 0.01%
52,302
+13,110
+33% +$774K
MGY icon
894
Magnolia Oil & Gas
MGY
$6.13B
$3.33M 0.01%
152,016
+2,866
+2% +$65.2K
FBP icon
895
First Bancorp
FBP
$4.49B
$3.32M 0.01%
159,952
– –
CE icon
896
Celanese
CE
$4.86B
$3.3M 0.01%
77,949
– –
HLI icon
897
Houlihan Lokey
HLI
$9.24B
$3.28M 0.01%
18,829
– –
NXPI icon
898
NXP Semiconductors
NXPI
$58.5B
$3.27M 0.01%
15,049
– –
POST icon
899
Post Holdings
POST
$3.65B
$3.26M 0.01%
32,936
– –
LPX icon
900
Louisiana-Pacific
LPX
$5.18B
$3.26M 0.01%
40,345
– –
34 35
36
37 38

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State Board of Administration of Florida Retirement System's Q4 2025 Portfolio in Review

As of Q4 2025, State Board of Administration of Florida Retirement System held 2,124 positions worth $56.5B, down 1.1% from $57.2B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

State Board of Administration of Florida Retirement System withdrew a net $1.82B in Q4 2025, closing 51 positions and reducing 771 holdings. Its most notable exit was Kellanova, an estimated $17.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 34% 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 Qnity Electronics Inc worth $16.7M.

  • State Board of Administration of Florida Retirement System's largest Q4 2025 buy was Qnity Electronics Inc: 204,055 shares worth $16.7M.
  • State Board of Administration of Florida Retirement System added most to Rocket Companies in Q4 2025, an estimated $10.8M increase.
  • State Board of Administration of Florida Retirement System's biggest Q4 2025 reduction was iShares MSCI EAFE ETF, cutting an estimated $121M.
  • State Board of Administration of Florida Retirement System fully exited Kellanova in Q4 2025, selling an estimated $17.1M.
  • State Board of Administration of Florida Retirement System's ten largest holdings make up 36% of its $56.5B portfolio in Q4 2025.
  • State Board of Administration of Florida Retirement System opened 40 new positions and closed 51 in Q4 2025.
  • State Board of Administration of Florida Retirement System's portfolio value fell 1.1% quarter-over-quarter to $56.5B.

Based on State Board of Administration of Florida Retirement System's 13F filing for Q4 2025, filed 12 Feb 2026.