STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM

Pension

CIK

938076

Location

TALLAHASSEE, FL

Portfolio Value

Large $51,934,989,522

Diversification

Diversified

Filing Date

Global Rank

#77 / 8,232 ▲ 4

Top Industry

Semiconductors 12.1%

3Y Alpha vs SPY

-3.0%

Period ended 2 months ago

Filed May 8, 2026 · 37d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+63.9%

SPY

+76.3%

Annualised alpha

-2.9%

Max drawdown

−19.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

2,033 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.9%

−0.2 pts

Top 5

23.9%

−1.9 pts

Top 10

33.1%

−2.6 pts

HHI

164

Diversified−21

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	32.4%	$16,852,154,523	325
Financial Services	12.9%	$6,719,180,531	304
Consumer Cyclical	10.4%	$5,393,873,233	231
Healthcare	10.0%	$5,211,102,876	305
Industrials	9.6%	$4,988,102,523	310
Communication Services	8.0%	$4,135,798,920	72
Consumer Defensive	5.2%	$2,702,379,454	90
Energy	4.3%	$2,220,987,464	97
Utilities	2.5%	$1,320,148,730	62
Real Estate	2.3%	$1,213,199,869	146
Basic Materials	2.2%	$1,150,692,157	88
Unclassified	0.1%	$27,369,242	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BORR	Borr Drilling Ltd	+438,478	503,708	$2,906,395
HLMN	Hillman Solutions Corp.	+273,951	329,711	$2,743,195
PBYI	Puma Biotechnology, Inc.	+245,555	272,890	$1,743,767
FITB	Fifth Third Bancorp	+229,686	845,603	$39,286,715
HLX	Helix Energy Solutions Group Inc	+227,505	291,502	$2,882,954
AMRX	Amneal Pharmaceuticals, Inc.	+172,226	233,994	$2,908,545
HE	Hawaiian Electric Industries Inc	+147,247	189,801	$2,816,646
HBAN	Huntington Bancshares Inc /Md/	+130,803	1,342,521	$21,010,453
OSW	ONESPAWORLD HOLDINGS Ltd	+104,458	128,280	$2,944,026
AUR	Aurora Innovation, Inc.	+103,287	1,052,491	$4,336,262
ECVT	Ecovyst Inc.	+103,171	130,361	$1,676,442
PAGS	PagSeguro Digital Ltd.	+88,562	149,822	$1,501,216
DLX	Deluxe Corp	+78,872	94,040	$2,589,861
PANW	Palo Alto Networks Inc	+77,870	664,818	$106,583,621
EBC	Eastern Bankshares, Inc.	+72,300	116,560	$2,279,913
CCC	CCC Intelligent Solutions Holdings Inc.	+70,543	324,018	$1,944,108
XHR	Xenia Hotels & Resorts, Inc.	+69,853	101,678	$1,507,884
COMP	Compass, Inc.	+63,198	148,458	$1,085,227
GIII	G III Apparel Group Ltd /De/	+61,533	73,554	$2,037,445
LXU	Lsb Industries, Inc.	+60,474	76,164	$1,134,843
RKLB	Rocket Lab Corp	+57,151	407,499	$26,169,585
SF	Stifel Financial Corp	+51,206	153,621	$11,355,664
FIBK	First Interstate Bancsystem Inc	+50,466	74,066	$2,473,804
FULT	Fulton Financial Corp	+45,915	114,400	$2,326,896
CDE	Coeur Mining, Inc.	+43,373	151,388	$2,841,552
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−252,242	12,700,394	$3,223,232,993
NVDA	Nvidia Corp	−234,483	20,592,909	$3,591,403,329
MDXG	Mimedx Group, Inc.	−192,999	32,936	$130,097
OIS	Oil States International, Inc	−160,271	222,793	$2,593,310
T	At&T Inc.	−151,922	6,117,779	$177,354,413
HTBK	HERITAGE COMMERCE CORP	−146,855	16,910	$211,036
BAC	Bank Of America Corp /De/	−141,200	5,857,843	$285,569,846
SIGA	Siga Technologies Inc	−107,349	131,626	$704,199
AM	Antero Midstream Corp	−104,134	284,291	$6,481,834
WFC	Wells Fargo & Company/Mn	−92,263	2,762,415	$219,915,858
XOM	Exxon Mobil Corp	−88,459	3,728,379	$632,556,781
TTI	Tetra Technologies Inc	−85,447	242,447	$2,065,648
AMZN	Amazon Com Inc	−85,431	8,417,266	$1,753,063,989
FIGS	FIGS, Inc.	−82,748	185,546	$2,740,514
LADR	Ladder Capital Corp	−82,532	32,337	$315,932
SXC	SunCoke Energy, Inc.	−78,885	47,982	$312,362
JBI	Janus International Group, Inc.	−78,479	24,250	$124,887
RLGT	Radiant Logistics, Inc	−73,763	111,036	$782,803
MSFT	Microsoft Corp	−73,737	6,486,812	$2,401,223,198
NFLX	Netflix Inc	−70,717	3,719,935	$357,671,750
DOLE	Dole plc	−68,336	20,420	$291,801
LAUR	Laureate Education, Inc.	−65,545	51,573	$1,796,803
GOOGL	Alphabet Inc.	−59,992	5,106,946	$1,468,553,391
WMT	Walmart Inc.	−58,181	3,821,290	$474,909,921
C	Citigroup Inc	−58,176	1,552,066	$176,019,805
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AMCR	Amcor plc	404,607	$16,083,128
PNFP	Pinnacle Financial Partners, Inc.	141,257	$12,167,877
QGEN	Qiagen N.V.	193,942	$7,765,437
MDLN	Medline Inc.	131,405	$5,847,522
VSNT	Versant Media Group, Inc.	118,846	$4,399,678
MBIN	Merchants Bancorp	57,240	$2,456,168
XENE	Xenon Pharmaceuticals Inc.	19,097	$1,110,490
CVLG	Covenant Logistics Group, Inc.	38,118	$1,034,903
CMCO	Columbus Mckinnon Corp	71,100	$1,033,083
VAL	Valaris Ltd	9,975	$977,949
KOP	Koppers Holdings Inc.	24,565	$950,174
HVT	Haverty Furniture Companies Inc	31,331	$663,590
IREN	IREN Ltd	18,650	$639,322
BTSG	BrightSpring Health Services, Inc.	14,084	$600,119
UNF	Unifirst Corp	2,231	$561,297
USAR	USA Rare Earth, Inc.	36,468	$551,943
SPB	Spectrum Brands Holdings, Inc.	6,370	$469,469
ERAS	Erasca, Inc.	27,777	$449,431
CAI	Caris Life Sciences, Inc.	24,293	$434,358
NBR	Nabors Industries Ltd	4,930	$424,275
LUNR	Intuitive Machines, Inc.	21,008	$389,908
ICHR	Ichor Holdings, Ltd.	8,150	$379,871
SOC	Sable Offshore Corp.	22,221	$367,090
AMPX	Amprius Technologies, Inc.	21,040	$354,734
IMNM	Immunome Inc.	15,740	$344,233
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	157,460	$15,991,637
FUBO	FuboTV Inc.	80,853	$2,444,994
AGL	agilon health, inc.	83,657	$1,440,991
TGNA	TEGNA INC	63,906	$1,240,415
ETD	Ethan Allen Interiors Inc	42,687	$974,971
HSTM	Healthstream Inc	37,749	$870,869
CNXN	Pc Connection Inc	14,627	$844,855
CRAI	Cra International, Inc.	3,957	$794,169
CWCO	Consolidated Water Co. Ltd.	17,536	$618,845
GLDD	Great Lakes Dredge & Dock CORP	43,029	$564,540
IIIN	Insteel Industries Inc	15,371	$486,799
ELME	Elme Communities	25,098	$436,705
PIPR	Piper Sandler Companies	4,934	$419,032
MNDY	monday.com Ltd.	2,635	$388,820
AIV	Apartment Investment & Management Co	64,445	$382,803
WIX	Wix.com Ltd.	3,448	$358,212
TR	Tootsie Roll Industries Inc	9,557	$339,876
INTA	Intapp, Inc.	7,200	$329,904
BBSI	Barrett Business Services Inc	9,089	$329,112
BRC	Brady Corp	4,197	$328,918
SD	Sandridge Energy Inc	22,409	$323,361
SPOK	Spok Holdings, Inc	22,698	$299,386
LOCO	El Pollo Loco Holdings, Inc.	28,359	$296,635
VITL	Vital Farms, Inc.	8,859	$282,956
CSTL	Castle Biosciences Inc	7,154	$278,290
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,033 positions · $51,934,989,522 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 2,033 positions by value · page 1 of 41

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	20,592,909	-234,483	$3,591,403,329	−7.5%	6.92%
AAPL	Apple Inc. Technology	Reduced	12,700,394	-252,242	$3,223,232,993	−8.5%	6.21%
MSFT	Microsoft Corp Technology	Reduced	6,486,812	-73,737	$2,401,223,198	−24.3%	4.62%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	8,417,266	-85,431	$1,753,063,989	−10.7%	3.38%
GOOGL	Alphabet Inc. Communication Services	Reduced	5,106,946	-59,992	$1,468,553,391	−9.2%	2.83%
AVGO	Broadcom Inc. Technology	Reduced	4,045,926	-45,541	$1,252,254,556	−11.6%	2.41%
META	Meta Platforms, Inc. Communication Services	Reduced	1,915,500	-23,110	$1,095,915,015	−14.4%	2.11%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	2,478,051	-26,550	$921,215,459	−18.2%	1.77%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	1,586,796	-22,714	$760,392,643	−6.0%	1.46%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	2,384,247	-44,260	$701,350,097	−10.4%	1.35%
LLY	ELI LILLY & Co Healthcare	Reduced	703,816	-7,774	$647,348,842	−15.3%	1.25%
XOM	Exxon Mobil Corp Energy	Reduced	3,728,379	-88,459	$632,556,781	+37.7%	1.22%
JNJ	Johnson & Johnson Healthcare	Reduced	2,104,775	-27,449	$514,491,201	+16.6%	0.99%
WMT	Walmart Inc. Consumer Defensive	Reduced	3,821,290	-58,181	$474,909,921	+9.9%	0.91%
V	Visa Inc. Financial Services	Reduced	1,478,954	-28,556	$446,999,056	−15.5%	0.86%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	390,518	-5,026	$389,123,850	+14.1%	0.75%
NFLX	Netflix Inc Communication Services	Reduced	3,719,935	-70,717	$357,671,750	+0.6%	0.69%
MA	Mastercard Inc Financial Services	Reduced	708,951	-15,286	$354,234,456	−14.3%	0.68%
CVX	Chevron Corp Energy	Reduced	1,658,717	-49,564	$343,188,547	+31.8%	0.66%
ABBV	AbbVie Inc. Healthcare	Reduced	1,550,017	-23,238	$337,113,197	−6.2%	0.65%
MU	Micron Technology Inc Technology	Reduced	980,859	-7,303	$331,373,404	+17.5%	0.64%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	2,050,267	-29,296	$296,140,565	−0.6%	0.57%
CAT	Caterpillar Inc Industrials	Reduced	407,879	-4,033	$288,965,956	+22.5%	0.56%
AMD	Advanced Micro Devices Inc Technology	Reduced	1,413,874	-12,967	$287,624,387	−5.9%	0.55%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	869,708	-10,578	$286,038,264	−5.6%	0.55%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	5,857,843	-141,200	$285,569,846	−13.4%	0.55%
PLTR	Palantir Technologies Inc. Technology	Reduced	1,925,140	-18,896	$281,609,479	−18.5%	0.54%
CSCO	Cisco Systems, Inc. Technology	Reduced	3,476,566	-45,366	$269,746,755	−0.6%	0.52%
MRK	Merck & Co., Inc. Healthcare	Reduced	2,204,006	-27,749	$265,119,881	+12.9%	0.51%
GE	General Electric Co Industrials	Reduced	919,595	-21,036	$260,953,473	−9.9%	0.50%
KO	Coca Cola Co Consumer Defensive	Reduced	3,404,898	-40,791	$258,942,492	+7.5%	0.50%
AMAT	Applied Materials Inc /De Technology	Reduced	696,765	-1,751	$238,147,309	+32.7%	0.46%
LRCX	Lam Research Corp Technology	Reduced	1,106,725	-33,358	$236,462,863	+21.2%	0.46%
RTX	RTX Corp Industrials	Reduced	1,182,552	-11,120	$228,114,280	+4.2%	0.44%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	1,370,492	-14,526	$226,597,147	+2.0%	0.44%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	2,762,415	-92,263	$219,915,858	−17.3%	0.42%
GS	Goldman Sachs Group Inc Financial Services	Reduced	258,986	-6,616	$219,099,566	−6.2%	0.42%
ORCL	Oracle Corp Technology	Reduced	1,479,949	-12,742	$217,715,297	−25.2%	0.42%
UNH	Unitedhealth Group Inc Healthcare	Reduced	797,305	-6,298	$215,742,759	−18.7%	0.42%
GEV	GE Vernova Inc. Industrials	Reduced	239,451	-3,442	$209,016,777	+31.7%	0.40%
LIN	Linde PLC Basic Materials	Reduced	408,258	-3,592	$202,397,986	+15.3%	0.39%
IBM	International Business Machines Corp Technology	Reduced	815,381	-8,022	$197,640,200	−19.0%	0.38%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	627,919	-7,171	$195,150,946	+0.5%	0.38%
PEP	Pepsico Inc Consumer Defensive	Reduced	1,202,074	-5,850	$186,670,071	+7.7%	0.36%
VZ	Verizon Communications Inc Communication Services	Reduced	3,690,063	-1,818	$185,241,162	+23.2%	0.36%
T	At&T Inc. Communication Services	Reduced	6,117,779	-151,922	$177,354,413	+13.9%	0.34%
C	Citigroup Inc Financial Services	Reduced	1,552,066	-58,176	$176,019,805	−6.3%	0.34%
INTC	Intel Corp Technology	Reduced	3,859,890	-25,995	$170,336,945	+18.8%	0.33%
KLAC	Kla Corp Technology	Reduced	115,187	-3,087	$169,602,490	+18.0%	0.33%
NEE	Nextera Energy Inc Utilities	Reduced	1,819,628	-14,221	$169,007,048	+14.8%	0.33%