STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q4 2025
Top Holdings2,073 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 20.8M | $3.9B | 6.9% | $112.37 | +66.90% | 29 qtrssince 2018-Q4 | Decreased 0 |
APPLE INC | 13M | $3.5B | 6.2% | $102.16 | +165.39% | 29 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 6.6M | $3.2B | 5.6% | $116.35 | +318.98% | 29 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 8.5M | $2B | 3.5% | $113.35 | +105.14% | 29 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 5.2M | $1.6B | 2.9% | $97.30 | +222.56% | 29 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 4.1M | $1.4B | 2.5% | $157.72 | +121.82% | 29 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL C | 4.2M | $1.3B | 2.3% | $101.24 | +210.68% | 29 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC-CLASS A | 1.9M | $1.3B | 2.3% | $158.48 | +320.21% | 29 qtrssince 2018-Q4 | Decreased 0 |
TESLA INC | 2.5M | $1.1B | 2.0% | $224.69 | +102.25% | 29 qtrssince 2018-Q4 | Decreased 0 |
BERKSHIRE HATHAWAY INC-CL B | 1.6M | $809M | 1.4% | $215.10 | +134.17% | 29 qtrssince 2018-Q4 | Decreased 0 |
JPMORGAN CHASE & CO | 2.4M | $782.5M | 1.4% | $86.23 | +273.39% | 29 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 711,590 | $764.7M | 1.4% | $135.89 | +687.04% | 29 qtrssince 2018-Q4 | Decreased 0 |
VISA INC-CLASS A SHARES | 1.5M | $528.7M | 0.9% | $150.20 | +132.10% | 29 qtrssince 2018-Q4 | Decreased 0 |
EXXON MOBIL CORP | 3.8M | $459.3M | 0.8% | $53.51 | +124.60% | 29 qtrssince 2018-Q4 | Decreased 0 |
JOHNSON & JOHNSON | 2.1M | $441.3M | 0.8% | $111.08 | +86.27% | 29 qtrssince 2018-Q4 | Decreased 0 |
WALMART INC | 3.9M | $432.2M | 0.8% | $53.73 | +108.31% | 29 qtrssince 2018-Q4 | Decreased 0 |
MASTERCARD INC - A | 724,237 | $413.5M | 0.7% | $196.58 | +193.29% | 29 qtrssince 2018-Q4 | Decreased 0 |
ABBVIE INC | 1.6M | $359.5M | 0.6% | $73.79 | +202.51% | 29 qtrssince 2018-Q4 | Decreased 0 |
NETFLIX INC | 3.8M | $355.4M | 0.6% | $87.11 | +7.65% | 29 qtrssince 2018-Q4 | Increased 71 |
PALANTIR TECHNOLOGIES INC-A | 1.9M | $345.6M | 0.6% | $32.51 | +456.24% | 19 qtrssince 2021-Q2 | Decreased 0 |
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM manages $56.5B across 2073 positions as of Q4 2025. Top holdings: NVDA (6.9%), AAPL (6.2%), MSFT (5.6%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 2.5/5.0.
Active quarter - 43 new positions, 52 exits, 201 increased. Top move: NFLX (INCREASED, conviction 71). Portfolio: $56.5B across 2073 positions.
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Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer