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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 | |
|---|---|---|---|---|---|---|
1901
FuboTV Inc
FUBO
$293M
| $204K | ﹤0.01% |
6,738
| – | – |
|
1902
Vanda Pharmaceuticals
VNDA
$314M
| $204K | ﹤0.01% |
23,100
| – | – |
|
1903
SI-BONE Inc
SIBN
$852M
| $204K | ﹤0.01% |
10,330
| – | – |
|
1904
Biohaven
BHVN
$2.17B
| $203K | ﹤0.01% |
18,006
| – | – |
|
1905
Acco Brands
ACCO
$399M
| $202K | ﹤0.01% |
54,191
| – | – |
|
1906
Nordic American Tanker
NAT
$1.36B
| $202K | ﹤0.01% |
58,604
| – | – |
|
1907
Mesa Laboratories
MLAB
$631M
| $201K | ﹤0.01% |
+2,564
| New | +$195K |
|
1908
NETGEAR
NTGR
$658M
| $201K | ﹤0.01% |
8,195
| – | – |
|
1909
Arvinas
ARVN
$580M
| $201K | ﹤0.01% |
16,930
| – | – |
|
1910
Hertz
HTZ
$998M
| $199K | ﹤0.01% |
38,710
| – | – |
|
1911
Embecta
EMBC
$269M
| $196K | ﹤0.01% |
16,493
| – | – |
|
1912
PRA Group
PRAA
$737M
| $195K | ﹤0.01% |
11,027
| – | – |
|
1913
Adtran
ADTN
$665M
| $194K | ﹤0.01% |
22,299
| – | – |
|
1914
Marten Transport
MRTN
$1.22B
| $190K | ﹤0.01% |
16,704
-732
| -4% | -$7.77K |
|
|
ADAM
1915
Adamas Trust
ADAM
$913M
| $190K | ﹤0.01% |
25,982
| – | – |
|
1916
Mativ Holdings
MATV
$690M
| $189K | ﹤0.01% |
15,564
| – | – |
|
1917
Solid Power
SLDP
$536M
| $188K | ﹤0.01% |
44,330
| – | – |
|
1918
Geron
GERN
$1.01B
| $188K | ﹤0.01% |
142,122
| – | – |
|
1919
Recursion Pharmaceuticals
RXRX
$1.76B
| $187K | ﹤0.01% |
45,810
| – | – |
|
1920
Sweetgreen
SG
$693M
| $186K | ﹤0.01% |
27,580
| – | – |
|
|
AGNT
1921
AGNT Inc
AGNT
$715M
| $184K | ﹤0.01% |
20,353
| – | – |
|
1922
Cedar Fair
FUN
$1.68B
| $183K | ﹤0.01% |
11,962
| – | – |
|
1923
Iovance Biotherapeutics
IOVA
$3.05B
| $179K | ﹤0.01% |
65,451
| – | – |
|
1924
Conduent
CNDT
$241M
| $178K | ﹤0.01% |
92,933
| – | – |
|
1925
Accel Entertainment
ACEL
$1B
| $176K | ﹤0.01% |
15,410
| – | – |
|
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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.