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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
(-1.1%)
Cap. Flow
-$1.82B
Cap. Flow
% of AUM
-3.23%
Top 10 Holdings %
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 |
Rocket Companies
RKT
|
+$10.8M |
| 3 |
Omnicom Group
OMC
|
+$8.89M |
| 4 |
Insmed
INSM
|
+$8.26M |
| 5 |
Flex
FLEX
|
+$7.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$121M |
| 2 |
NVIDIA
NVDA
|
+$111M |
| 3 |
Apple
AAPL
|
+$109M |
| 4 |
Microsoft
MSFT
|
+$96.5M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1101
Liberty Live Group Series A
LLYVA
$9.59B
| $1.5M | ﹤0.01% |
18,396
| – | – |
|
1102
BOK Financial
BOKF
$8.85B
| $1.49M | ﹤0.01% |
12,617
| – | – |
|
1103
Kite Realty
KRG
$5.31B
| $1.49M | ﹤0.01% |
62,179
| – | – |
|
1104
Sabra Healthcare REIT
SBRA
$5.15B
| $1.49M | ﹤0.01% |
78,451
| – | – |
|
1105
Iridium Communications
IRDM
$5.27B
| $1.48M | ﹤0.01% |
85,441
| – | – |
|
1106
Glaukos
GKOS
$11.2B
| $1.47M | ﹤0.01% |
12,982
| – | – |
|
1107
BlackLine
BL
$1.82B
| $1.46M | ﹤0.01% |
26,491
| – | – |
|
1108
Arcosa
ACA
$7.12B
| $1.46M | ﹤0.01% |
13,776
| – | – |
|
1109
Yelp
YELP
$1.32B
| $1.46M | ﹤0.01% |
48,168
| – | – |
|
1110
SIGA Technologies
SIGA
$207M
| $1.46M | ﹤0.01% |
238,975
+121,313
| +103% | +$863K |
|
1111
Commault Systems
CVLT
$6.26B
| $1.45M | ﹤0.01% |
11,549
| – | – |
|
1112
Maximus
MMS
$2.94B
| $1.45M | ﹤0.01% |
16,768
-268
| -2% | -$22.9K |
|
|
UCB
1113
United Community Banks
UCB
$4.43B
| $1.44M | ﹤0.01% |
46,148
| – | – |
|
1114
Matador Resources
MTDR
$6.39B
| $1.44M | ﹤0.01% |
33,923
| – | – |
|
1115
ADMA Biologics
ADMA
$2.11B
| $1.44M | ﹤0.01% |
78,823
+18,713
| +31% | +$315K |
|
1116
Resideo Technologies
REZI
$3.1B
| $1.44M | ﹤0.01% |
40,871
-953
| -2% | -$35.3K |
|
|
TXNM
1117
TXNM Energy Inc
TXNM
$5.91B
| $1.43M | ﹤0.01% |
24,364
| – | – |
|
1118
CNX Resources
CNX
$5.23B
| $1.43M | ﹤0.01% |
38,911
-5,996
| -13% | -$215K |
|
1119
Selective Insurance
SIGI
$5.59B
| $1.43M | ﹤0.01% |
17,081
| – | – |
|
|
NUVL
1120
DELISTED
Nuvalent
NUVL
| $1.43M | ﹤0.01% |
14,182
| – | – |
|
1121
Protagonist Therapeutics
PTGX
$9.8B
| $1.42M | ﹤0.01% |
16,303
| – | – |
|
1122
ManpowerGroup
MAN
$2.75B
| $1.42M | ﹤0.01% |
47,798
| – | – |
|
1123
Merit Medical Systems
MMSI
$5.4B
| $1.41M | ﹤0.01% |
16,050
| – | – |
|
1124
Buckle
BKE
$2.31B
| $1.41M | ﹤0.01% |
26,471
+187
| +0.7% | +$10.4K |
|
1125
Newell Brands
NWL
$2.63B
| $1.4M | ﹤0.01% |
376,502
-36,660
| -9% | -$148K |
|
Similar funds
NAMI
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.