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Pension ← All Institutions

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM

1801 HERMITAGE BLVD, SUITE 100 P.O. BOX 13300, TALLAHASSEE, FL 32317-3300 • 8504884406

Q1 2026 · Filed 2026-05-08
Market Value
$53.1B
-5.5%
Holdings
2,072
+6
New Purchases
55
Added To
202
Closed
60
Reduced
626
Top 10 Concentration
33.2%
Turnover
5.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XOM 1.19% 0.82% +0.37% $633M
JNJ 0.97% 0.78% +0.18% $514M
CVX 0.65% 0.46% +0.18% $343M
AMAT 0.45% 0.32% +0.13% $238M
COST 0.73% 0.61% +0.13% $389M
WMT 0.89% 0.77% +0.13% $475M
CAT 0.54% 0.42% +0.12% $289M
MU 0.62% 0.50% +0.12% $331M
GEV 0.39% 0.28% +0.11% $209M
LRCX 0.45% 0.35% +0.10% $236M
COP 0.28% 0.19% +0.09% $150M
SNDK 0.13% 0.05% +0.09% $72M
MRK 0.50% 0.42% +0.08% $265M
VZ 0.35% 0.27% +0.08% $185M
GLW 0.18% 0.11% +0.07% $93M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 4.52% 5.64% -1.12% $2.4B
TSLA 1.73% 2.00% -0.27% $921M
META 2.06% 2.27% -0.21% $1.1B
AAPL 6.07% 6.26% -0.19% $3.2B
AMZN 3.30% 3.49% -0.19% $1.8B
AVGO 2.36% 2.52% -0.16% $1.3B
NVDA 6.76% 6.90% -0.15% $3.6B
LLY 1.22% 1.36% -0.14% $647M
GOOGL 2.76% 2.87% -0.11% $1.5B
ORCL 0.41% 0.52% -0.11% $218M
CRM 0.29% 0.39% -0.10% $153M
GOOG 2.24% 2.34% -0.10% $1.2B
V 0.84% 0.94% -0.10% $447M
APP 0.16% 0.25% -0.10% $84M
INTU 0.20% 0.29% -0.09% $105M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 31.6%
Financial Services 13.0%
Communication Services 10.0%
Consumer Cyclical 9.9%
Healthcare 9.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $30.2B 56.9%
Large Cap 679 $20.9B 39.4%
Mid Cap 819 $1.8B 3.4%
Small Cap 488 $193M 0.4%
Micro Cap 31 $4M 0.0%

Portfolio Analytics

Avg Market Cap
$39.8B
Median Market Cap
$5.3B
Avg P/E
34.8
Median P/E
22.0
Avg Dividend Yield
0.02%
Avg Beta
1.10
# Stocks
2,069
# ETFs / Funds
3

Top Holdings (2,072 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.76% 20,592,909 $3.6B $174.40 -$293M -234,483 -1.1%
2 AAPL 6.07% 12,700,394 $3.2B $253.79 -$298M -252,242 -1.9%
3 MSFT 4.52% 6,486,812 $2.4B $370.17 -$772M -73,737 -1.1%
4 AMZN 3.30% 8,417,266 $1.8B $208.27 -$210M -85,431 -1.0%
5 GOOGL 2.76% 5,106,946 $1.5B $287.56 -$149M -59,992 -1.2%
6 AVGO 2.36% 4,045,926 $1.3B $309.51 -$164M -45,541 -1.1%
7 GOOG 2.24% 4,154,551 $1.2B $286.86 -$126M -45,183 -1.1%
8 META 2.06% 1,915,500 $1.1B $572.13 -$184M -23,110 -1.2%
9 TSLA 1.73% 2,478,051 $921M $371.75 -$205M -26,550 -1.1%
10 BRK-B 1.43% 1,586,796 $760M $479.20 -$49M -22,714 -1.4%
11 JPM 1.32% 2,384,247 $701M $294.16 -$81M -44,260 -1.8%
12 LLY 1.22% 703,816 $647M $919.77 -$117M -7,774 -1.1%
13 XOM 1.19% 3,728,379 $633M $169.66 $173M -88,459 -2.3%
14 JNJ 0.97% 2,104,775 $514M $244.44 $73M -27,449 -1.3%
15 WMT 0.89% 3,821,290 $475M $124.28 $43M -58,181 -1.5%
16 V 0.84% 1,478,954 $447M $302.24 -$82M -28,556 -1.9%
17 COST 0.73% 390,518 $389M $996.43 $48M -5,026 -1.3%
18 NFLX 0.67% 3,719,935 $358M $96.15 $2M -70,717 -1.9%
19 MA 0.67% 708,951 $354M $499.66 -$59M -15,286 -2.1%
20 CVX 0.65% 1,658,717 $343M $206.90 $83M -49,564 -2.9%
21 ABBV 0.63% 1,550,017 $337M $217.49 -$22M -23,238 -1.5%
22 MU 0.62% 980,859 $331M $337.84 $49M -7,303 -0.7%
23 PG 0.56% 2,050,267 $296M $144.44 -$2M -29,296 -1.4%
24 CAT 0.54% 407,879 $289M $708.46 $53M -4,033 -1.0%
25 AMD 0.54% 1,413,874 $288M $203.43 -$18M -12,967 -0.9%
26 HD 0.54% 869,708 $286M $328.89 -$17M -10,578 -1.2%
27 BAC 0.54% 5,857,843 $286M $48.75 -$44M -141,200 -2.4%
28 PLTR 0.53% 1,925,140 $282M $146.28 -$64M -18,896 -1.0%
29 CSCO 0.51% 3,476,566 $270M $77.59 -$2M -45,366 -1.3%
30 MRK 0.50% 2,204,006 $265M $120.29 $30M -27,749 -1.2%
31 GE 0.49% 919,595 $261M $283.77 -$29M -21,036 -2.2%
32 KO 0.49% 3,404,898 $259M $76.05 $18M -40,791 -1.2%
33 AMAT 0.45% 696,765 $238M $341.79 $59M -1,751 -0.2%
34 LRCX 0.45% 1,106,725 $236M $213.66 $41M -33,358 -2.9%
35 RTX 0.43% 1,182,552 $228M $192.90 $9M -11,120 -0.9%
36 PM 0.43% 1,370,492 $227M $165.34 $4M -14,526 -1.1%
37 WFC 0.41% 2,762,415 $220M $79.61 -$46M -92,263 -3.2%
38 GS 0.41% 258,986 $219M $845.99 -$14M -6,616 -2.5%
39 ORCL 0.41% 1,479,949 $218M $147.11 -$73M -12,742 -0.8%
40 UNH 0.41% 797,305 $216M $270.59 -$50M -6,298 -0.8%
41 GEV 0.39% 239,451 $209M $872.90 $50M -3,442 -1.4%
42 LIN 0.38% 408,258 $202M $495.76 $27M -3,592 -0.9%
43 IBM 0.37% 815,381 $198M $242.39 -$46M -8,022 -1.0%
44 MCD 0.37% 627,919 $195M $310.79 $1M -7,171 -1.1%
45 PEP 0.35% 1,202,074 $187M $155.29 $13M -5,850 -0.5%
46 VZ 0.35% 3,690,063 $185M $50.20 $35M -1,818 -0.1%
47 T 0.33% 6,117,779 $177M $28.99 $22M -151,922 -2.4%
48 C 0.33% 1,552,066 $176M $113.41 -$12M -58,176 -3.6%
49 INTC 0.32% 3,859,890 $170M $44.13 $27M -25,995 -0.7%
50 KLAC 0.32% 115,187 $170M $1,472.41 $26M -3,087 -2.6%
51 NEE 0.32% 1,819,628 $169M $92.88 $22M -14,221 -0.8%
52 MS 0.31% 1,014,187 $167M $164.57 -$17M -20,551 -2.0%
53 AMGN 0.31% 471,789 $166M $351.85 $11M -1,749 -0.4%
54 TMO 0.31% 331,552 $163M $491.53 -$31M -2,807 -0.8%
55 ABT 0.29% 1,518,272 $156M $102.67 -$36M -15,399 -1.0%
56 TJX 0.29% 968,237 $155M $159.70 $6M
57 TXN 0.29% 792,339 $154M $194.14 $15M -8,331 -1.0%
58 CRM 0.29% 817,334 $153M $186.67 -$66M -9,579 -1.2%
59 DIS 0.29% 1,576,719 $152M $96.38 -$30M -25,530 -1.6%
60 GILD 0.29% 1,089,033 $152M $139.37 $17M -6,106 -0.6%
61 COP 0.28% 1,139,098 $150M $132.00 $41M -24,437 -2.1%
62 AXP 0.27% 478,487 $145M $302.48 -$34M -5,208 -1.1%
63 EFA 0.27% 1,482,012 $144M $97.13 $24M +229,727 +18.3%
64 ISRG 0.27% 311,810 $144M $460.99 -$34M -2,404 -0.8%
65 PFE 0.26% 4,984,992 $140M $28.08 $15M -26,606 -0.5%
66 SCHW 0.26% 1,489,293 $140M $93.98 -$9M -226 -0.0%
67 ADI 0.26% 428,650 $136M $318.14 $19M -4,645 -1.1%
68 APH 0.25% 1,063,830 $134M $126.35 -$9M +330 +0.0%
69 BA 0.25% 662,863 $132M $199.03 -$12M -1,423 -0.2%
70 BLK 0.24% 134,932 $130M $961.71 -$15M +69 +0.1%
71 UBER 0.24% 1,767,196 $127M $71.93 -$19M -15,869 -0.9%
72 UNP 0.24% 518,303 $126M $242.62 $6M +523 +0.1%
73 HON 0.24% 555,957 $126M $226.03 $16M -5,501 -1.0%
74 ETN 0.23% 343,518 $123M $357.67 $13M -2,741 -0.8%
75 DE 0.23% 215,359 $121M $563.30 $19M -3,368 -1.5%
76 QCOM 0.23% 938,000 $121M $128.78 -$42M -13,333 -1.4%
77 BKNG 0.23% 28,611 $120M $4,210.32 -$37M -750 -2.5%
78 WELL 0.22% 595,007 $118M $197.71 $8M +3,326 +0.6%
79 LOW 0.22% 490,674 $116M $236.28 -$3M -3,324 -0.7%
80 SPGI 0.21% 268,508 $114M $425.34 -$29M -6,253 -2.3%
81 ANET 0.21% 911,383 $112M $122.78 -$8M -5,468 -0.6%
82 LMT 0.21% 182,681 $110M $604.39 $21M -1,648 -0.9%
83 PLD 0.20% 822,082 $109M $132.18 $4M
84 BMY 0.20% 1,790,120 $109M $60.65 $11M -10,044 -0.6%
85 ACN 0.20% 546,101 $108M $198.29 -$40M -7,643 -1.4%
86 PANW 0.20% 664,818 $107M $160.32 -$2M +77,870 +13.3%
87 DHR 0.20% 555,772 $105M $189.60 -$24M -9,514 -1.7%
88 NEM 0.20% 968,140 $105M $108.25 $6M -22,826 -2.3%
89 INTU 0.20% 241,847 $105M $432.38 -$56M -1,064 -0.4%
90 CB 0.20% 318,246 $104M $325.93 $1M -9,550 -2.9%
91 PGR 0.19% 516,369 $102M $198.24 -$15M -742 -0.1%
92 PH 0.19% 113,032 $101M $895.24 $517K -1,505 -1.3%
93 COF 0.19% 553,009 $101M $182.43 -$36M -12,332 -2.2%
94 VRTX 0.19% 224,655 $100M $446.54 -$2M -1,345 -0.6%
95 SYK 0.19% 301,337 $99M $328.59 -$7M -868 -0.3%
96 MO 0.18% 1,485,466 $98M $65.99 $11M -23,106 -1.5%
97 MDT 0.18% 1,118,475 $97M $86.65 -$11M
98 NOW 0.18% 916,324 $96M $104.55 -$47M -15,751 -1.7%
99 MCK 0.18% 109,893 $95M $865.36 $4M -1,499 -1.4%
100 CME 0.18% 317,977 $94M $295.35 $5M -7,857 -2.4%

New Positions

SymbolValue% Port
MDLN $6M 0.01%
VSNTV $4M 0.01%
MBIN $2M —%
PIPR $2M —%
XENE $1M —%
CVLG $1M —%
CMCO $1M —%
VAL $978K —%
KOP $950K —%
HVT $664K —%
IREN $639K —%
BTSG $600K —%
UNF $561K —%
USAR $552K —%
SPB $469K —%

Sold Out Positions

SymbolValue% Port
ETD —%
BBUC —%
BRC —%
CDRE —%
BBW —%
CNMD —%
VTEX —%
PAR —%
PNFP —%
TR —%
IIIN —%
SD —%
CRAI —%
CNXN —%
AMSF —%
View SEC EDGAR Filings for STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms