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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
+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
(+1.4%)
Cap. Flow
-$3.38B
Cap. Flow
% of AUM
-5.92%
Top 10 Holdings %
Top 10 Hldgs %
34.97%
Holding
2,195
New
48
Increased
186
Reduced
1,155
Closed
111
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 ETF
IWB
|
+$32.1M |
| 2 |
Chevron
CVX
|
+$26.3M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$17.2M |
| 4 |
Synopsys
SNPS
|
+$11.6M |
| 5 |
Brookfield Asset Management
BAM
|
+$5.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$235M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
Microsoft
MSFT
|
+$215M |
| 4 |
Amazon
AMZN
|
+$109M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
126
Mondelez International
MDLZ
$79.4B
| $77.6M | 0.14% |
1,242,684
-89,754
| -7% | -$5.79M |
|
127
General Dynamics
GD
$107B
| $77.3M | 0.14% |
226,597
-16,433
| -7% | -$5.18M |
|
128
Northrop Grumman
NOC
$82B
| $76.3M | 0.13% |
125,280
-5,203
| -4% | -$2.95M |
|
129
3M
MMM
$94.8B
| $76.3M | 0.13% |
491,398
-41,650
| -8% | -$6.42M |
|
130
Royal Caribbean
RCL
$82.4B
| $75.4M | 0.13% |
232,889
-9,372
| -4% | -$3.13M |
|
131
Nike
NKE
$60.1B
| $75.3M | 0.13% |
1,079,426
-69,769
| -6% | -$5.2M |
|
132
Waste Management
WM
$90.5B
| $74.6M | 0.13% |
337,656
-28,757
| -8% | -$6.48M |
|
133
Roblox
RBLX
$25.4B
| $73.7M | 0.13% |
531,907
+10,119
| +2% | +$1.26M |
|
|
BNY
134
Bank of New York Mellon
BNY
$111B
| $73.3M | 0.13% |
672,445
-90,820
| -12% | -$9.26M |
|
135
Sherwin-Williams
SHW
$87.4B
| $73.1M | 0.13% |
211,013
-16,741
| -7% | -$5.9M |
|
136
Howmet Aerospace
HWM
$112B
| $72M | 0.13% |
366,902
-34,621
| -9% | -$6.31M |
|
137
Williams Companies
WMB
$90.1B
| $71.1M | 0.12% |
1,122,032
-85,347
| -7% | -$5.01M |
|
138
Equinix
EQIX
$105B
| $70.8M | 0.12% |
90,415
-8,192
| -8% | -$6.4M |
|
139
US Bancorp
USB
$101B
| $70.6M | 0.12% |
1,461,241
-88,726
| -6% | -$4.2M |
|
140
TransDigm Group
TDG
$68.3B
| $70M | 0.12% |
53,122
-2,329
| -4% | -$3.33M |
|
141
Arthur J. Gallagher & Co
AJG
$65.5B
| $69.6M | 0.12% |
224,763
-4,201
| -2% | -$1.27M |
|
142
Moody's
MCO
$82.8B
| $69.3M | 0.12% |
145,446
-9,432
| -6% | -$4.75M |
|
143
Cigna
CI
$73.3B
| $69.1M | 0.12% |
239,849
-18,247
| -7% | -$5.4M |
|
144
Illinois Tool Works
ITW
$83.3B
| $68.9M | 0.12% |
264,311
-7,680
| -3% | -$2M |
|
145
HCA Healthcare
HCA
$89.8B
| $68.2M | 0.12% |
160,091
-17,466
| -10% | -$6.77M |
|
146
AutoZone
AZO
$49.7B
| $68M | 0.12% |
15,850
+95
| +0.6% | +$381K |
|
147
Motorola Solutions
MSI
$77.7B
| $67.7M | 0.12% |
148,013
-4,615
| -3% | -$2.08M |
|
148
Marvell Technology
MRVL
$195B
| $67.1M | 0.12% |
798,428
-47,038
| -6% | -$3.46M |
|
149
CRH
CRH
$65.2B
| $66.7M | 0.12% |
556,248
-13,128
| -2% | -$1.39M |
|
150
Emerson Electric
EMR
$91.4B
| $66.5M | 0.12% |
506,865
-45,049
| -8% | -$6.14M |
|
Similar funds
QCM
NAMI
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.