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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
IRON icon
1451
Disc Medicine
IRON
$3.07B
$603K ﹤0.01%
9,129
– –
DK icon
1452
Delek US
DK
$4.18B
$602K ﹤0.01%
18,641
– –
LBRT icon
1453
Liberty Energy
LBRT
$3.45B
$602K ﹤0.01%
48,745
– –
FBNC icon
1454
First Bancorp
FBNC
$2.74B
$601K ﹤0.01%
11,366
– –
HUT
1455
Hut 8
HUT
$10.2B
$598K ﹤0.01%
17,190
– –
UFPT icon
1456
UFP Technologies
UFPT
$2.48B
$598K ﹤0.01%
2,997
-84
-3% -$18.5K
EFSC icon
1457
Enterprise Financial Services Corp
EFSC
$2.4B
$596K ﹤0.01%
10,275
-29
-0.3% -$1.69K
BKD icon
1458
Brookdale Senior Living
BKD
$3B
$594K ﹤0.01%
70,092
– –
HP icon
1459
Helmerich & Payne
HP
$4.3B
$591K ﹤0.01%
26,734
– –
IIIN icon
1460
Insteel Industries
IIIN
$634M
$589K ﹤0.01%
15,371
– –
ITIC
1461
Investors Title Co
ITIC
$534M
$589K ﹤0.01%
2,199
-120
-5% -$27.9K
MBC icon
1462
MasterBrand
MBC
$1.89B
$587K ﹤0.01%
44,533
– –
CHEF icon
1463
Chefs' Warehouse
CHEF
$4.57B
$585K ﹤0.01%
10,027
-27
-0.3% -$1.72K
MIRM icon
1464
Mirum Pharmaceuticals
MIRM
$6.02B
$583K ﹤0.01%
7,947
– –
CRVL icon
1465
CorVel
CRVL
$3.25B
$580K ﹤0.01%
7,498
+304
+4% +$27.1K
PRKS icon
1466
United Parks & Resorts
PRKS
$2.04B
$580K ﹤0.01%
11,225
– –
ARI
1467
Apollo Commercial Real Estate
ARI
$886M
$580K ﹤0.01%
57,264
– –
NOG icon
1468
Northern Oil and Gas
NOG
$2.61B
$580K ﹤0.01%
23,383
– –
BEAM icon
1469
Beam Therapeutics
BEAM
$2.74B
$579K ﹤0.01%
23,870
– –
ARLO icon
1470
Arlo Technologies
ARLO
$1.54B
$579K ﹤0.01%
34,165
– –
HAYW icon
1471
Hayward Holdings
HAYW
$3.24B
$578K ﹤0.01%
38,220
– –
HTH icon
1472
Hilltop Holdings
HTH
$2.28B
$577K ﹤0.01%
17,276
– –
SGHC icon
1473
SGHC Ltd
SGHC
$6.65B
$576K ﹤0.01%
43,602
– –
OI icon
1474
O-I Glass
OI
$1.05B
$575K ﹤0.01%
44,369
– –
FIZZ icon
1475
National Beverage
FIZZ
$2.93B
$575K ﹤0.01%
15,584
-337
-2% -$14.6K
57 58
59
60 61

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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.