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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
CXM icon
1001
Sprinklr
CXM
$1.65B
$2.26M ﹤0.01%
292,316
+197,933
+210% +$1.67M
TPG icon
1002
TPG
TPG
$8.86B
$2.25M ﹤0.01%
39,192
+12,714
+48% +$751K
RNG icon
1003
RingCentral
RNG
$5.66B
$2.25M ﹤0.01%
79,266
-7,607
-9% -$222K
EXLS icon
1004
EXL Service
EXLS
$5.36B
$2.24M ﹤0.01%
50,863
+4,688
+10% +$203K
SSD icon
1005
Simpson Manufacturing
SSD
$8B
$2.23M ﹤0.01%
13,331
-173
-1% -$31K
GLOB icon
1006
Globant
GLOB
$1.77B
$2.23M ﹤0.01%
38,880
-654
-2% -$48.1K
PATK icon
1007
Patrick Industries
PATK
$2.78B
$2.22M ﹤0.01%
21,486
+356
+2% +$37.4K
AUPH icon
1008
Aurinia Pharmaceuticals
AUPH
$2.02B
$2.21M ﹤0.01%
200,116
+56,231
+39% +$614K
TDC icon
1009
Teradata
TDC
$2.57B
$2.21M ﹤0.01%
102,605
-12,959
-11% -$279K
CVLT icon
1010
Commault Systems
CVLT
$6.26B
$2.18M ﹤0.01%
11,549
-47
-0.4% -$8.47K
NXT icon
1011
Nextpower Inc
NXT
$15.9B
$2.18M ﹤0.01%
29,450
– –
PRMB
1012
Primo Brands
PRMB
$8.97B
$2.17M ﹤0.01%
98,140
+50,073
+104% +$1.3M
NWL icon
1013
Newell Brands
NWL
$2.63B
$2.16M ﹤0.01%
413,162
-8,736
-2% -$49.5K
APLS
1014
DELISTED
Apellis Pharmaceuticals
APLS
$2.16M ﹤0.01%
95,595
+4,187
+5% +$97.7K
ACHC icon
1015
Acadia Healthcare
ACHC
$2.82B
$2.15M ﹤0.01%
86,912
-1,052
-1% -$23.5K
HLNE icon
1016
Hamilton Lane
HLNE
$5.91B
$2.15M ﹤0.01%
15,929
-307
-2% -$46.3K
CWK icon
1017
Cushman & Wakefield Ltd
CWK
$3.37B
$2.15M ﹤0.01%
134,835
– –
SMG icon
1018
ScottsMiracle-Gro
SMG
$3.59B
$2.14M ﹤0.01%
37,588
-562
-1% -$35.4K
TFSL icon
1019
TFS Financial
TFSL
$4.93B
$2.13M ﹤0.01%
161,342
+28,786
+22% +$380K
AEIS icon
1020
Advanced Energy
AEIS
$13.2B
$2.12M ﹤0.01%
12,440
-45
-0.4% -$6.78K
BHE icon
1021
Benchmark Electronics
BHE
$2.89B
$2.12M ﹤0.01%
54,870
– –
MDGL icon
1022
Madrigal Pharmaceuticals
MDGL
$11.7B
$2.11M ﹤0.01%
4,609
-768
-14% -$287K
LEA icon
1023
Lear
LEA
$8.16B
$2.09M ﹤0.01%
20,818
-963
-4% -$100K
PRIM icon
1024
Primoris Services
PRIM
$4.35B
$2.08M ﹤0.01%
15,120
-39
-0.3% -$4.19K
GNW icon
1025
Genworth Financial
GNW
$3.77B
$2.08M ﹤0.01%
233,264
– –
39 40
41
42 43

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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.