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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
+14.63%
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
$56.4B
AUM Growth
+$5.95B
Cap. Flow
+$498M
Cap. Flow %
0.88%
Top 10 Hldgs %
32.75%
Holding
2,227
New
58
Increased
793
Reduced
397
Closed
80

Top Buys

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$200M
2
COF icon
Capital One
COF
+$46.7M
3
AMZN icon
Amazon
AMZN
+$32.6M
4
FLUT icon
Flutter Entertainment
FLUT
+$31M
5
IWB icon
iShares Russell 1000 ETF
IWB
+$18.8M

Top Sells

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$41.7M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$21.7M
3
ITCI
Intra-Cellular Therapies Inc.
ITCI
+$12.2M
4
XOM icon
ExxonMobil
XOM
+$12M
5
X
US Steel
X
+$9.5M

Sector Composition

Rank Sector Weight
1 Technology 32.46%
2 Financials 13.91%
3 Consumer Discretionary 10.71%
4 Communication Services 9.69%
5 Healthcare 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPB icon
1051
Spectrum Brands
SPB
$2.09B
$1.68M ﹤0.01%
31,679
-7,143
-18% -$426K
GH icon
1052
Guardant Health
GH
$21.4B
$1.68M ﹤0.01%
32,238
– –
LBRDA icon
1053
Liberty Broadband Class A
LBRDA
$5.29B
$1.67M ﹤0.01%
17,024
-470
-3% -$41.7K
CADE
1054
DELISTED
Cadence Bank
CADE
$1.66M ﹤0.01%
52,042
– –
KTOS icon
1055
Kratos Defense & Security Solutions
KTOS
$11.8B
$1.66M ﹤0.01%
35,768
– –
BIPC icon
1056
Brookfield Infrastructure
BIPC
$5.01B
$1.66M ﹤0.01%
39,932
– –
ACMR icon
1057
ACM Research
ACMR
$5.65B
$1.66M ﹤0.01%
64,027
– –
AEIS icon
1058
Advanced Energy
AEIS
$13.2B
$1.65M ﹤0.01%
12,485
+2,338
+23% +$258K
SXT icon
1059
Sensient Technologies
SXT
$5.53B
$1.65M ﹤0.01%
16,708
+172
+1% +$15.4K
MSGS icon
1060
Madison Square Garden
MSGS
$9.94B
$1.64M ﹤0.01%
7,861
-180
-2% -$34.7K
BMI icon
1061
Badger Meter
BMI
$3.78B
$1.64M ﹤0.01%
6,686
+549
+9% +$124K
PIPR icon
1062
Piper Sandler
PIPR
$5.54B
$1.63M ﹤0.01%
23,504
+13,480
+134% +$840K
MDGL icon
1063
Madrigal Pharmaceuticals
MDGL
$11.7B
$1.63M ﹤0.01%
5,377
+640
+14% +$191K
RKT icon
1064
Rocket Companies
RKT
$42.6B
$1.62M ﹤0.01%
114,590
-1,290
-1% -$16.7K
ACIW icon
1065
ACI Worldwide
ACIW
$5.42B
$1.62M ﹤0.01%
35,319
+4,342
+14% +$214K
RDN icon
1066
Radian Group
RDN
$4.92B
$1.62M ﹤0.01%
44,943
– –
BCPC
1067
Balchem Corp
BCPC
$5.65B
$1.62M ﹤0.01%
10,164
+1,196
+13% +$194K
LRN icon
1068
Stride
LRN
$3.48B
$1.62M ﹤0.01%
11,134
– –
CCC
1069
CCC Intelligent Solutions
CCC
$4.19B
$1.6M ﹤0.01%
170,180
-2,890
-2% -$25.9K
NXT icon
1070
Nextpower Inc
NXT
$15.9B
$1.6M ﹤0.01%
29,450
– –
NCNO icon
1071
nCino
NCNO
$2.26B
$1.59M ﹤0.01%
56,963
-780
-1% -$19.5K
FRHC icon
1072
Freedom Holding
FRHC
$9.35B
$1.58M ﹤0.01%
+10,845
New +$1.6M
APLS
1073
DELISTED
Apellis Pharmaceuticals
APLS
$1.58M ﹤0.01%
91,408
-410
-0.4% -$7.59K
PII icon
1074
Polaris
PII
$3.91B
$1.58M ﹤0.01%
38,810
-10
-0% -$377
VRNS icon
1075
Varonis Systems
VRNS
$5.26B
$1.58M ﹤0.01%
31,038
– –
41 42
43
44 45

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State Board of Administration of Florida Retirement System's Q2 2025 Portfolio in Review

As of Q2 2025, State Board of Administration of Florida Retirement System held 2,227 positions worth $56.4B, up 12% from $50.4B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

State Board of Administration of Florida Retirement System's Q2 2025 filing shows 58 new, 793 increased, 397 reduced and 80 closed positions. Its largest new stake was iShares MSCI EAFE ETF: 2,342,019 shares worth $209M. The largest sale was Discover Financial Services, an estimated $41.7M.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

  • State Board of Administration of Florida Retirement System's largest Q2 2025 buy was iShares MSCI EAFE ETF: 2,342,019 shares worth $209M.
  • State Board of Administration of Florida Retirement System added most to Capital One in Q2 2025, an estimated $46.7M increase.
  • State Board of Administration of Florida Retirement System's biggest Q2 2025 reduction was Alphabet (Google) Class C, cutting an estimated $21.7M.
  • State Board of Administration of Florida Retirement System fully exited Discover Financial Services in Q2 2025, selling an estimated $41.7M.
  • State Board of Administration of Florida Retirement System's ten largest holdings make up 33% of its $56.4B portfolio in Q2 2025.
  • State Board of Administration of Florida Retirement System opened 58 new positions and closed 80 in Q2 2025.
  • State Board of Administration of Florida Retirement System's portfolio value rose 12% quarter-over-quarter to $56.4B.

Based on State Board of Administration of Florida Retirement System's 13F filing for Q2 2025, filed 13 Aug 2025.