STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM
PensionFiling Date
Global Rank
#139
/ 8,586
▼ 2
Top Industry
Semiconductors
12.1%
3Y Alpha vs SPY
-3.5%
Period ended 3 months ago
Filed May 8, 2026 · 39d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+63.5%
SPY
+78.1%
Annualised alpha
-3.4%
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, 2025Top 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 |
|---|---|---|
| Technology | 32.4% | $16,852,154,523 |
| Financial Services | 12.9% | $6,724,147,857 |
| Consumer Cyclical | 10.4% | $5,393,873,233 |
| Healthcare | 10.0% | $5,211,102,876 |
| Industrials | 9.6% | $4,991,755,548 |
| Communication Services | 8.0% | $4,135,798,920 |
| Consumer Defensive | 5.2% | $2,702,379,454 |
| Energy | 4.3% | $2,220,987,464 |
| Utilities | 2.5% | $1,320,148,730 |
| Real Estate | 2.3% | $1,213,199,869 |
| Basic Materials | 2.2% | $1,150,692,157 |
| Unclassified | 0.1% | $27,369,242 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
88 positions ·
$1,150,692,157 total
· Basic Materials only
· 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 88 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| LIN |
Linde PLC
Basic Materials
|
Reduced | 408,258 | $202,397,986 | 17.59% | |
| NEM |
NEWMONT Corp /DE/
Basic Materials
|
Reduced | 968,140 | $104,801,155 | 9.11% | |
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Reduced | 1,277,671 | $75,101,501 | 6.53% | |
| SHW |
Sherwin Williams Co
Basic Materials
|
Reduced | 203,415 | $65,204,678 | 5.67% | |
| ECL |
Ecolab Inc.
Basic Materials
|
Held | 214,730 | $57,122,474 | 4.96% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
Held | 537,142 | $56,464,367 | 4.91% | |
| APD |
Air Products & Chemicals, Inc.
Basic Materials
|
Reduced | 191,452 | $55,614,891 | 4.83% | |
| CTVA |
Corteva, Inc.
Basic Materials
|
Held | 599,825 | $50,211,350 | 4.36% | |
| AU |
AngloGold Ashanti PLC
Basic Materials
|
Added | 396,687 | $38,621,446 | 3.36% | |
| NUE |
Nucor Corp
Basic Materials
|
Reduced | 210,462 | $35,589,124 | 3.09% | |
| MLM |
Martin Marietta Materials Inc
Basic Materials
|
Reduced | 53,918 | $31,740,448 | 2.76% | |
| VMC |
Vulcan Materials CO
Basic Materials
|
Held | 114,847 | $31,272,838 | 2.72% | |
| DOW |
Dow Inc.
Basic Materials
|
Reduced | 670,314 | $27,918,578 | 2.43% | |
| STLD |
Steel Dynamics Inc
Basic Materials
|
Reduced | 131,546 | $23,678,280 | 2.06% | |
| PPG |
Ppg Industries Inc
Basic Materials
|
Reduced | 183,523 | $19,614,938 | 1.70% | |
| CF |
CF Industries Holdings, Inc.
Basic Materials
|
Reduced | 148,538 | $19,286,173 | 1.68% | |
| DD |
DuPont de Nemours, Inc.
Basic Materials
|
Reduced | 393,858 | $18,038,696 | 1.57% | |
| ALB |
Albemarle Corp
Basic Materials
|
Reduced | 100,359 | $18,017,451 | 1.57% | |
| IFF |
International Flavors & Fragrances Inc
Basic Materials
|
Reduced | 238,880 | $17,330,744 | 1.51% | |
| RGLD |
Royal Gold Inc
Basic Materials
|
Added | 63,487 | $16,156,806 | 1.40% | |
| LYB |
LyondellBasell Industries N.V.
Basic Materials
|
Held | 197,935 | $15,945,643 | 1.39% | |
| RS |
Reliance, Inc.
Basic Materials
|
Reduced | 47,210 | $14,348,063 | 1.25% | |
| SCCO |
Southern Copper Corp/
Basic Materials
|
Reduced | 70,025 | $12,048,501 | 1.05% | |
| AA |
Alcoa Corp
Basic Materials
|
Held | 179,171 | $11,884,412 | 1.03% | |
| RPM |
Rpm International Inc/De/
Basic Materials
|
Held | 117,584 | $11,687,849 | 1.02% | |
| SOLS |
Solstice Advanced Materials Inc.
Basic Materials
|
Held | 133,294 | $10,151,671 | 0.88% | |
| MOS |
Mosaic Co
Basic Materials
|
Held | 297,528 | $7,586,964 | 0.66% | |
| ESI |
Element Solutions Inc
Basic Materials
|
Held | 213,088 | $7,274,824 | 0.63% | |
| EMN |
Eastman Chemical Co
Basic Materials
|
Held | 92,689 | $7,074,024 | 0.61% | |
| EXP |
Eagle Materials Inc
Basic Materials
|
Reduced | 31,662 | $5,998,365 | 0.52% | |
| MP |
MP Materials Corp. / DE
Basic Materials
|
Added | 108,884 | $5,254,741 | 0.46% | |
| CE |
Celanese Corp
Basic Materials
|
Added | 79,789 | $5,247,722 | 0.46% | |
| AXTA |
Axalta Coating Systems Ltd.
Basic Materials
|
Held | 187,824 | $5,202,724 | 0.45% | |
| CLF |
Cleveland-Cliffs Inc.
Basic Materials
|
Held | 467,007 | $3,946,209 | 0.34% | |
| OLN |
OLIN Corp
Basic Materials
|
Reduced | 125,954 | $3,744,612 | 0.33% | |
| SSRM |
Ssr Mining Inc.
Basic Materials
|
Held | 113,324 | $3,331,725 | 0.29% | |
| FUL |
Fuller H B Co
Basic Materials
|
Added | 53,765 | $3,316,225 | 0.29% | |
| HL |
Hecla Mining Co/De/
Basic Materials
|
Held | 169,183 | $3,151,879 | 0.27% | |
| CDE |
Coeur Mining, Inc.
Basic Materials
|
Added | 151,388 | $2,841,552 | 0.25% | |
| WLK |
Westlake Corp
Basic Materials
|
Held | 24,115 | $2,817,114 | 0.24% | |
| HUN |
Huntsman CORP
Basic Materials
|
Held | 201,980 | $2,688,353 | 0.23% | |
| ASH |
Ashland Inc.
Basic Materials
|
Held | 45,991 | $2,557,559 | 0.22% | |
| SSD |
Simpson Manufacturing Co., Inc.
Basic Materials
|
Held | 13,331 | $2,287,866 | 0.20% | |
| SMG |
Scotts Miracle-Gro Co
Basic Materials
|
Held | 37,588 | $2,285,726 | 0.20% | |
| NEU |
Newmarket Corp
Basic Materials
|
Reduced | 3,141 | $2,013,223 | 0.17% | |
| BCPC |
Balchem Corp
Basic Materials
|
Reduced | 10,113 | $1,713,951 | 0.15% | |
| FMC |
Fmc Corp
Basic Materials
|
Held | 99,409 | $1,711,822 | 0.15% | |
| ECVT |
Ecovyst Inc.
Basic Materials
|
Added | 130,361 | $1,676,442 | 0.15% | |
| JHX |
James Hardie Industries plc
Basic Materials
|
Held | 78,066 | $1,478,570 | 0.13% | |
| UFPI |
Ufp Industries Inc
Basic Materials
|
Held | 15,240 | $1,403,908 | 0.12% |