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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 | |
|---|---|---|---|---|---|---|
|
BDN
1651
Brandywine Realty Trust
BDN
$549M
| $389K | ﹤0.01% |
93,262
| – | – |
|
1652
Arcutis Biotherapeutics
ARQT
$3.27B
| $387K | ﹤0.01% |
20,547
| – | – |
|
1653
MillerKnoll
MLKN
$1.62B
| $385K | ﹤0.01% |
21,688
| – | – |
|
1654
1st Source
SRCE
$2.15B
| $384K | ﹤0.01% |
6,244
-27
| -0.4% | -$1.69K |
|
|
SPNS
1655
DELISTED
Sapiens International
SPNS
| $380K | ﹤0.01% |
8,830
-68,762
| -89% | -$2.5M |
|
1656
Blue Bird Corp
BLBD
$2.07B
| $379K | ﹤0.01% |
6,582
| – | – |
|
1657
Limbach Holdings
LMB
$533M
| $378K | ﹤0.01% |
3,895
-20
| -0.5% | -$2.41K |
|
1658
Protolabs
PRLB
$2.19B
| $378K | ﹤0.01% |
7,559
| – | – |
|
1659
Harmonic Inc
HLIT
$1.39B
| $378K | ﹤0.01% |
37,108
+5,669
| +18% | +$53.4K |
|
|
ALEX
1660
DELISTED
Alexander & Baldwin
ALEX
| $377K | ﹤0.01% |
20,707
| – | – |
|
1661
nLIGHT
LASR
$2.96B
| $376K | ﹤0.01% |
12,693
| – | – |
|
1662
Celldex Therapeutics
CLDX
$3.4B
| $376K | ﹤0.01% |
14,537
| – | – |
|
1663
Park Aerospace
PKE
$799M
| $374K | ﹤0.01% |
18,404
-23,364
| -56% | -$424K |
|
1664
Cannae Holdings
CNNE
$670M
| $374K | ﹤0.01% |
20,437
| – | – |
|
1665
Flywire
FLYW
$2.15B
| $374K | ﹤0.01% |
27,620
| – | – |
|
1666
Kura Sushi USA
KRUS
$635M
| $373K | ﹤0.01% |
6,282
-24
| -0.4% | -$1.91K |
|
1667
Upbound Group
UPBD
$1.15B
| $372K | ﹤0.01% |
15,737
| – | – |
|
1668
Snap
SNAP
$8.79B
| $372K | ﹤0.01% |
48,207
| – | – |
|
1669
Apogee Therapeutics
APGE
$10.2B
| $371K | ﹤0.01% |
9,350
| – | – |
|
1670
Alight
ALIT
$383M
| $371K | ﹤0.01% |
5,685
| – | – |
|
1671
STAAR Surgical
STAA
$1.24B
| $371K | ﹤0.01% |
13,791
| – | – |
|
1672
Plug Power
PLUG
$3.17B
| $370K | ﹤0.01% |
158,884
| – | – |
|
|
PRA
1673
DELISTED
ProAssurance
PRA
| $370K | ﹤0.01% |
15,424
| – | – |
|
1674
CG Oncology
CGON
$6.71B
| $370K | ﹤0.01% |
+9,185
| New | +$267K |
|
1675
Rush Street Interactive
RSI
$2.86B
| $370K | ﹤0.01% |
18,060
| – | – |
|
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.