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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
HL icon
901
Hecla Mining
HL
$11.9B
$3.25M 0.01%
169,183
-36,158
-18% -$552K
MWA icon
902
Mueller Water Products
MWA
$3.98B
$3.24M 0.01%
136,105
– –
VIK icon
903
Viking Holdings
VIK
$47.3B
$3.22M 0.01%
45,037
+21,160
+89% +$1.35M
NVST icon
904
Envista
NVST
$4.51B
$3.17M 0.01%
145,904
– –
DNOW icon
905
DNOW Inc
DNOW
$2.95B
$3.16M 0.01%
238,240
+60,848
+34% +$854K
OPLN
906
Openlane
OPLN
$4.33B
$3.16M 0.01%
105,958
– –
TDC icon
907
Teradata
TDC
$2.57B
$3.12M 0.01%
102,605
– –
KMT icon
908
Kennametal
KMT
$2.32B
$3.12M 0.01%
109,647
-205
-0.2% -$5.24K
GPK icon
909
Graphic Packaging
GPK
$3.51B
$3.11M 0.01%
206,802
-23,524
-10% -$387K
ADEA icon
910
Adeia
ADEA
$3.16B
$3.11M 0.01%
180,175
-2,873
-2% -$42.6K
CMC icon
911
Commercial Metals
CMC
$7.98B
$3.08M 0.01%
44,477
+3,068
+7% +$192K
TTI icon
912
TETRA Technologies
TTI
$1.25B
$3.07M 0.01%
327,894
+218,824
+201% +$1.69M
PVH icon
913
PVH
PVH
$3.77B
$3.05M 0.01%
45,538
-1,070
-2% -$83.7K
FIGS icon
914
FIGS
FIGS
$2.47B
$3.05M 0.01%
268,294
-74,984
-22% -$702K
EEFT icon
915
Euronet Worldwide
EEFT
$2.78B
$3.03M 0.01%
39,839
-1,340
-3% -$104K
SLGN icon
916
Silgan Holdings
SLGN
$4.46B
$3.02M 0.01%
74,890
– –
CRCL
917
Circle Internet Group
CRCL
$19.1B
$3M 0.01%
37,831
+28,940
+325% +$2.99M
AUPH icon
918
Aurinia Pharmaceuticals
AUPH
$2.02B
$2.99M 0.01%
187,709
-12,407
-6% -$176K
WU icon
919
Western Union
WU
$2.34B
$2.98M 0.01%
320,531
-24,335
-7% -$215K
GTES icon
920
Gates Industrial Corporation Ltd.
GTES
$7B
$2.97M 0.01%
138,305
– –
PGNY icon
921
Progyny
PGNY
$1.99B
$2.97M 0.01%
115,623
-5,831
-5% -$134K
VNOM icon
922
Viper Energy
VNOM
$14.8B
$2.97M 0.01%
76,809
+9,660
+14% +$366K
SUPN icon
923
Supernus Pharmaceuticals
SUPN
$2.74B
$2.96M 0.01%
59,632
-5,010
-8% -$244K
RRR icon
924
Red Rock Resorts
RRR
$3.67B
$2.94M 0.01%
47,450
+17,093
+56% +$1,000K
GH icon
925
Guardant Health
GH
$21.4B
$2.94M 0.01%
28,750
-3,488
-11% -$312K
35 36
37
38 39

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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.