STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM

Pension

CIK

938076

Location

TALLAHASSEE, FL

Portfolio Value

Large $51,943,609,873

Diversification

Diversified

Filing Date

Global Rank

#139 / 8,588 ▼ 2

Top Industry

Semiconductors 12.1%

3Y Alpha vs SPY

-3.0%

Period ended 3 months ago

Filed May 8, 2026 · 41d

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

+63.7%

SPY

+76.8%

Annualised alpha

-3.1%

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

2,035 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%	$6,724,147,857	305
Consumer Cyclical	10.4%	$5,393,873,233	231
Healthcare	10.0%	$5,211,102,876	305
Industrials	9.6%	$4,991,755,548	311
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

2,035 positions · $51,943,609,873 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 1,901–1,950 of 2,035 positions by value · page 39 of 41

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
HCA	HCA Healthcare, Inc. Healthcare	Reduced	144,422	-8,242	$68,346,267	−4.1%	0.13%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	747,790	-5,085	$69,028,494	+0.5%	0.13%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Reduced	89,974	-2,762	$69,517,511	−2.9%	0.13%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	410,850	-471	$70,904,493	−1.8%	0.14%
USB	US Bancorp De Financial Services	Held	1,374,652	0	$71,495,650	−2.5%	0.14%
SNDK	Sandisk Corp Technology	Added	112,888	+1,394	$71,722,261	+171.0%	0.14%
JCI	Johnson Controls International plc Industrials	Reduced	556,896	-20,831	$72,925,531	+5.4%	0.14%
PWR	Quanta Services, Inc. Industrials	Reduced	132,877	-2,718	$72,952,130	+27.5%	0.14%
ADP	Automatic Data Processing Inc Technology	Reduced	359,275	-5,059	$72,997,494	−22.1%	0.14%
EOG	Eog Resources Inc Energy	Reduced	504,948	-5,317	$73,000,332	+36.2%	0.14%
BNY	Bank of New York Mellon Corp Financial Services	Reduced	617,776	-14,639	$73,286,766	−0.2%	0.14%
BX	Blackstone Inc. Financial Services	Held	642,750	0	$73,909,822	−25.4%	0.14%
WM	Waste Management Inc Industrials	Reduced	321,665	-5,662	$73,915,400	+2.8%	0.14%
MRVL	Marvell Technology, Inc. Technology	Reduced	751,590	-10,197	$74,444,989	+15.0%	0.14%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	1,277,671	-11,032	$75,101,501	+14.7%	0.14%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	434,870	-994	$75,428,201	−6.7%	0.15%
GD	General Dynamics Corp Industrials	Held	219,938	0	$75,487,120	+1.9%	0.15%
CEG	Constellation Energy Corp Utilities	Reduced	277,902	-2,601	$77,604,133	−21.7%	0.15%
WMB	Williams Companies, Inc. Energy	Reduced	1,072,147	-1,004	$78,030,858	+21.0%	0.15%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	500,499	-70	$78,718,482	−2.9%	0.15%
CVS	CVS HEALTH Corp Healthcare	Reduced	1,101,125	-9,068	$79,082,797	−10.2%	0.15%
HWM	Howmet Aerospace Inc. Industrials	Held	347,937	0	$80,185,561	+12.4%	0.15%
TT	Trane Technologies plc Industrials	Reduced	193,961	-1,766	$80,831,307	+6.1%	0.16%
BSX	Boston Scientific Corp Healthcare	Held	1,288,698	0	$80,865,799	−34.2%	0.16%
WDC	Western Digital Corp Technology	Reduced	300,995	-2,691	$81,416,137	+55.6%	0.16%
NOC	Northrop Grumman Corp /De/ Industrials	Reduced	120,066	-1,277	$81,913,827	+18.4%	0.16%
APP	AppLovin Corp Communication Services	Reduced	210,151	-2,332	$83,640,098	−41.6%	0.16%
VRT	Vertiv Holdings Co Industrials	Reduced	335,191	-8,434	$83,992,160	+50.9%	0.16%
EQIX	Equinix Inc Real Estate	Reduced	85,902	-2,024	$84,204,576	+25.0%	0.16%
CRWD	CrowdStrike Holdings, Inc. Technology	Reduced	218,470	-266	$85,292,872	−16.8%	0.16%
DUK	Duke Energy CORP Utilities	Reduced	671,630	-18,831	$87,943,232	+8.7%	0.17%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	423,945	-1,021	$89,041,168	+3.2%	0.17%
ADBE	Adobe Inc. Technology	Reduced	368,816	-8,562	$89,651,793	−32.1%	0.17%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	1,004,925	-3,531	$90,031,230	+6.0%	0.17%
CMCSA	Comcast Corp Communication Services	Held	3,190,358	0	$91,595,178	+2.5%	0.18%
SO	Southern Co Utilities	Reduced	960,839	-4,017	$92,740,180	+10.2%	0.18%
GLW	Corning Inc /Ny Technology	Added	687,540	+2,300	$93,484,813	+55.8%	0.18%
CME	Cme Group Inc. Financial Services	Reduced	317,977	-7,857	$93,914,506	+5.5%	0.18%
MCK	Mckesson Corp Healthcare	Reduced	109,893	-1,499	$95,097,006	+4.1%	0.18%
NOW	ServiceNow, Inc. Technology	Reduced	916,324	-15,751	$95,801,674	−32.9%	0.18%
MDT	Medtronic plc Healthcare	Held	1,118,475	0	$96,915,858	−9.8%	0.19%
MO	Altria Group, Inc. Consumer Defensive	Reduced	1,485,466	-23,106	$98,025,901	+12.7%	0.19%
SYK	Stryker Corp Healthcare	Reduced	301,337	-868	$99,016,324	−6.8%	0.19%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	224,655	-1,345	$100,317,443	−2.1%	0.19%
COF	Capital One Financial Corp Financial Services	Reduced	553,009	-12,332	$100,885,431	−26.4%	0.19%
PH	Parker-Hannifin Corp Industrials	Reduced	113,032	-1,505	$101,190,767	+0.5%	0.19%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	516,369	-742	$102,364,990	−13.1%	0.20%
CB	Chubb Ltd Financial Services	Reduced	318,246	-9,550	$103,725,918	+1.4%	0.20%
INTU	Intuit Inc. Technology	Reduced	241,847	-1,064	$104,569,805	−35.0%	0.20%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	968,140	-22,826	$104,801,155	+5.9%	0.20%