STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM
PensionFiling Date
Global Rank
#77
/ 8,232
▲ 4
Top Industry
Semiconductors
12.1%
3Y Alpha vs SPY
-2.9%
Period ended 2 months ago
Filed May 8, 2026 · 37d
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
+63.9%
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, 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% | $6,719,180,531 |
| Consumer Cyclical | 10.4% | $5,393,873,233 |
| Healthcare | 10.0% | $5,211,102,876 |
| Industrials | 9.6% | $4,988,102,523 |
| 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. | ||||
90 positions ·
$2,702,379,454 total
· Consumer Defensive 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 90 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 3,821,290 | $474,909,921 | 17.57% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Reduced | 390,518 | $389,123,850 | 14.40% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 2,050,267 | $296,140,565 | 10.96% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 3,404,898 | $258,942,492 | 9.58% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 1,370,492 | $226,597,147 | 8.39% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Reduced | 1,202,074 | $186,670,071 | 6.91% | |
| MO |
Altria Group, Inc.
Consumer Defensive
|
Reduced | 1,485,466 | $98,025,901 | 3.63% | |
| MDLZ |
Mondelez International, Inc.
Consumer Defensive
|
Reduced | 1,143,083 | $65,887,304 | 2.44% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Held | 698,496 | $59,532,814 | 2.20% | |
| TGT |
Target Corp
Consumer Defensive
|
Held | 394,108 | $47,765,889 | 1.77% | |
| MNST |
Monster Beverage Corp
Consumer Defensive
|
Held | 627,480 | $45,467,200 | 1.68% | |
| KR |
Kroger Co
Consumer Defensive
|
Reduced | 521,229 | $37,716,130 | 1.40% | |
| ADM |
Archer-Daniels-Midland Co
Consumer Defensive
|
Reduced | 444,084 | $32,280,465 | 1.19% | |
| SYY |
Sysco Corp
Consumer Defensive
|
Held | 426,015 | $30,387,649 | 1.12% | |
| KVUE |
Kenvue Inc.
Consumer Defensive
|
Reduced | 1,663,517 | $28,679,033 | 1.06% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Reduced | 288,178 | $27,800,531 | 1.03% | |
| KDP |
Keurig Dr Pepper Inc.
Consumer Defensive
|
Held | 1,043,593 | $27,477,803 | 1.02% | |
| HSY |
Hershey Co
Consumer Defensive
|
Added | 129,304 | $26,881,008 | 0.99% | |
| DG |
Dollar General Corp
Consumer Defensive
|
Reduced | 195,242 | $23,181,082 | 0.86% | |
| CHD |
Church & Dwight Co Inc /De/
Consumer Defensive
|
Held | 214,795 | $20,044,669 | 0.74% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
Added | 130,008 | $19,501,200 | 0.72% | |
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
Reduced | 175,211 | $19,187,356 | 0.71% | |
| GIS |
General Mills Inc
Consumer Defensive
|
Reduced | 511,465 | $19,036,727 | 0.70% | |
| USFD |
US Foods Holding Corp.
Consumer Defensive
|
Held | 184,540 | $17,016,433 | 0.63% | |
| KHC |
Kraft Heinz Co
Consumer Defensive
|
Held | 732,086 | $16,464,614 | 0.61% | |
| TSN |
Tyson Foods, Inc.
Consumer Defensive
|
Reduced | 247,941 | $15,885,579 | 0.59% | |
| EL |
Estee Lauder Companies Inc
Consumer Defensive
|
Added | 213,445 | $15,318,947 | 0.57% | |
| BG |
Bunge Global SA
Consumer Defensive
|
Reduced | 119,321 | $15,177,631 | 0.56% | |
| MKC |
Mccormick & Co Inc
Consumer Defensive
|
Held | 230,652 | $11,634,086 | 0.43% | |
| CLX |
Clorox Co /De/
Consumer Defensive
|
Reduced | 108,278 | $11,220,849 | 0.42% | |
| BJ |
BJ's Wholesale Club Holdings, Inc.
Consumer Defensive
|
Held | 109,777 | $10,804,252 | 0.40% | |
| PFGC |
Performance Food Group Co
Consumer Defensive
|
Held | 110,670 | $9,479,992 | 0.35% | |
| DAR |
Darling Ingredients Inc.
Consumer Defensive
|
Reduced | 133,544 | $8,259,696 | 0.31% | |
| COKE |
Coca-Cola Consolidated, Inc.
Consumer Defensive
|
Reduced | 42,430 | $8,135,528 | 0.30% | |
| CAG |
Conagra Brands Inc.
Consumer Defensive
|
Held | 424,623 | $6,675,073 | 0.25% | |
| HRL |
Hormel Foods Corp /De/
Consumer Defensive
|
Held | 288,546 | $6,535,566 | 0.24% | |
| TAP |
Molson Coors Beverage Co
Consumer Defensive
|
Held | 144,349 | $6,215,667 | 0.23% | |
| SJM |
J M SMUCKER Co
Consumer Defensive
|
Reduced | 57,485 | $5,543,853 | 0.21% | |
| SFM |
Sprouts Farmers Market, Inc.
Consumer Defensive
|
Added | 68,120 | $5,254,095 | 0.19% | |
| LW |
Lamb Weston Holdings, Inc.
Consumer Defensive
|
Held | 122,466 | $5,175,413 | 0.19% | |
| OLLI |
Ollie's Bargain Outlet Holdings, Inc.
Consumer Defensive
|
Held | 56,193 | $5,172,003 | 0.19% | |
| CELH |
Celsius Holdings, Inc.
Consumer Defensive
|
Reduced | 142,323 | $5,049,620 | 0.19% | |
| ACI |
Albertsons Companies, Inc.
Consumer Defensive
|
Held | 272,619 | $4,645,427 | 0.17% | |
| LOPE |
Grand Canyon Education, Inc.
Consumer Defensive
|
Reduced | 26,805 | $4,557,654 | 0.17% | |
| CPB |
CAMPBELL'S Co
Consumer Defensive
|
Reduced | 183,177 | $4,079,351 | 0.15% | |
| INGR |
Ingredion Inc
Consumer Defensive
|
Reduced | 34,811 | $3,921,807 | 0.15% | |
| POST |
Post Holdings, Inc.
Consumer Defensive
|
Reduced | 32,198 | $3,183,094 | 0.12% | |
| ELF |
e.l.f. Beauty, Inc.
Consumer Defensive
|
Reduced | 47,573 | $2,883,399 | 0.11% | |
| PSMT |
Pricesmart Inc
Consumer Defensive
|
Reduced | 18,256 | $2,747,528 | 0.10% | |
| PRMB |
Primo Brands Corp
Consumer Defensive
|
Added | 134,611 | $2,534,725 | 0.09% |