Institution

State Board Of Administration Of Florida Retirement System

13F for the quarter to June 30, 2026, filed August 10, 2026 · SEC CIK 938076

Reported value: $60.3bn
Positions we cover: 2,048
Copy, a year: +14.3%
Copy Sharpe ratio: 0.78

How copying its 13F would have done

CopyS&P 500 $10,000 copying State Board Of Administration Of Florida Retirement System's filed holdings in companies we cover from August 9, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −32.3% (S&P 500 −31.8%); beta 1.02; alpha +0.3% a year (t = 0.62); last 12 months +11.3% against +12.1%.

Reported value by quarter

State Board Of Administration Of Florida Retirement System: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$30.1B
2013-09-30	$31B
2013-12-31	$33.3B
2014-03-31	$30.8B
2014-06-30	$31.5B
2014-09-30	$30.7B
2014-12-31	$31.9B
2015-03-31	$29.3B
2015-06-30	$28.2B
2015-09-30	$25.8B
2015-12-31	$26.8B
2016-03-31	$26.3B
2016-06-30	$31.5B
2016-09-30	$32.1B
2016-12-31	$33.1B
2017-03-31	$34.6B
2017-06-30	$35.5B
2017-09-30	$36.7B
2017-12-31	$37.7B
2018-03-31	$36.5B
2018-06-30	$37.4B
2018-09-30	$39.4B
2018-12-31	$33.5B
2019-03-31	$37.6B
2019-06-30	$38.4B
2019-09-30	$38.2B
2019-12-31	$41B
2020-03-31	$32.9B
2020-06-30	$40.5B
2020-09-30	$44B
2020-12-31	$49.3B
2021-03-31	$50.2B
2021-06-30	$52.9B
2021-09-30	$51.4B
2021-12-31	$55.7B
2022-03-31	$51.6B
2022-06-30	$41.3B
2022-09-30	$39B
2022-12-31	$40.8T
2023-03-31	$43.1B
2023-06-30	$45.1B
2023-09-30	$42.5B
2023-12-31	$48B
2024-03-31	$42.7B
2024-06-30	$50.8B
2024-09-30	$52.4B
2024-12-31	$52.6B
2025-03-31	$50.4B
2025-06-30	$56.4B
2025-09-30	$57.2B
2025-12-31	$56.5B
2026-03-31	$53.4B
2026-06-30	$60.3B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	6.60%	$4.0bn	19.90M	−3.4% Reduced
AAPLApple Inc.	5.93%	$3.6bn	12.35M	−2.7% Reduced
MSFTMicrosoft Corporation	3.91%	$2.4bn	6.32M	−2.6% Reduced
AMZNAmazon	3.26%	$2.0bn	8.26M	−1.9% Reduced
GOOGLAlphabet Inc. (Class A)	2.96%	$1.8bn	4.99M	−2.4% Reduced
AVGOBroadcom	2.48%	$1.5bn	3.96M	−2.1% Reduced
MUMicron Technology	1.87%	$1.1bn	975.2K	−0.6% Reduced
TSLATesla, Inc.	1.76%	$1.1bn	2.52M	+1.7% Added
METAMeta Platforms	1.75%	$1.1bn	1.88M	−2.1% Reduced
LLYLilly (Eli)	1.36%	$819.7m	683.4K	−2.9% Reduced
AMDAdvanced Micro Devices	1.36%	$817.5m	1.41M	−0.5%
JPMJPMorgan Chase	1.24%	$745.1m	2.28M	−4.5% Reduced
INTCIntel	0.88%	$531.0m	3.80M	−1.5% Reduced
JNJJohnson & Johnson	0.86%	$520.0m	2.05M	−2.7% Reduced
AMATApplied Materials	0.82%	$493.7m	682.8K	−2.0% Reduced
VVisa Inc.	0.80%	$483.6m	1.41M	−4.7% Reduced
LRCXLam Research	0.77%	$465.2m	1.07M	−3.0% Reduced
WMTWalmart	0.70%	$423.4m	3.74M	−2.2% Reduced
CATCaterpillar Inc.	0.69%	$415.8m	390.5K	−4.3% Reduced
CSCOCisco	0.66%	$397.6m	3.39M	−2.6% Reduced
ABBVAbbVie	0.63%	$379.8m	1.51M	−2.6% Reduced
COSTCostco	0.59%	$354.7m	379.1K	−2.9% Reduced
MAMastercard	0.58%	$353.0m	687.3K	−3.1% Reduced
KLACKLA Corporation	0.56%	$338.8m	1.12M	+875.0% Added
GEGE Aerospace	0.55%	$332.6m	889.9K	−3.2% Reduced
BACBank of America	0.54%	$325.5m	5.71M	−2.5% Reduced
UNHUnitedHealth Group	0.53%	$320.4m	770.9K	−3.3% Reduced
HDThe Home Depot	0.50%	$299.3m	848.6K	−2.4% Reduced
PGProcter & Gamble	0.48%	$290.9m	1.98M	−3.3% Reduced
GEVGE Vernova	0.46%	$275.2m	234.2K	−2.2% Reduced
MRKMerck & Co.	0.46%	$275.1m	2.14M	−2.9% Reduced
KOThe Coca-Cola Company	0.45%	$269.6m	3.32M	−2.6% Reduced
SNDKSandisk	0.44%	$264.6m	116.4K	+3.1% Added
CVXChevron Corporation	0.44%	$263.1m	1.59M	−4.3% Reduced
NFLXNetflix	0.43%	$261.6m	3.66M	−1.5% Reduced
GSGoldman Sachs	0.41%	$249.9m	247.1K	−4.6% Reduced
PMPhilip Morris International	0.40%	$241.5m	1.33M	−2.6% Reduced
PANWPalo Alto Networks	0.39%	$232.8m	682.6K	+2.7% Added
TXNTexas Instruments	0.38%	$230.5m	773.3K	−2.4% Reduced
IBMIBM	0.37%	$225.2m	800.7K	−1.8% Reduced
MRVLMarvell Technology	0.37%	$224.1m	752.3K	+0.1%
PLTRPalantir Technologies Inc.	0.37%	$222.6m	1.91M	−0.9% Reduced
WFCWells Fargo	0.36%	$219.7m	2.66M	−3.8% Reduced
RTXRTX Corporation	0.36%	$219.4m	1.16M	−2.2% Reduced
ORCLOracle Corporation	0.36%	$216.5m	1.48M	−0.2%
LINLinde plc	0.34%	$206.4m	397.7K	−2.6% Reduced
CCitigroup	0.34%	$205.8m	1.47M	−5.3% Reduced
MSMorgan Stanley	0.34%	$203.1m	971.5K	−4.2% Reduced
WDCWestern Digital	0.31%	$188.8m	295.7K	−1.8% Reduced
APHAmphenol	0.31%	$188.7m	1.07M	+0.6% Added
GLWCorning Inc.	0.29%	$175.2m	685.8K	−0.2%
QCOMQualcomm	0.28%	$169.3m	915.9K	−2.4% Reduced
AMGNAmgen	0.28%	$166.8m	460.7K	−2.3% Reduced
ADIAnalog Devices	0.27%	$164.6m	414.4K	−3.3% Reduced
CRWDCrowdStrike	0.27%	$163.2m	213.9K	−2.1% Reduced
MCDMcDonald's	0.27%	$162.8m	602.1K	−4.1% Reduced
TMOThermo Fisher Scientific	0.27%	$160.8m	320.8K	−3.3% Reduced
PEPPepsiCo	0.26%	$157.3m	1.16M	−3.3% Reduced
NEENextEra Energy	0.26%	$156.6m	1.78M	−2.0% Reduced
AXPAmerican Express	0.26%	$154.8m	457.5K	−4.4% Reduced
VZVerizon	0.25%	$153.2m	3.62M	−1.9% Reduced
ANETArista Networks	0.25%	$151.5m	891.7K	−2.2% Reduced
DISThe Walt Disney Company	0.24%	$147.5m	1.53M	−2.8% Reduced
ETNEaton Corporation	0.24%	$143.0m	335.7K	−2.3% Reduced
TJXTJX Companies	0.23%	$141.7m	935.6K	−3.4% Reduced
BABoeing	0.23%	$140.2m	647.4K	−2.3% Reduced
UNPUnion Pacific Corporation	0.23%	$135.8m	499.3K	−3.7% Reduced
DEDeere & Company	0.22%	$135.1m	213.0K	−1.1% Reduced
ABTAbbott Laboratories	0.22%	$134.8m	1.49M	−2.2% Reduced
GILDGilead Sciences	0.22%	$134.5m	1.06M	−2.2% Reduced
WELLWelltower	0.22%	$133.3m	587.2K	−1.3% Reduced
SCHWCharles Schwab Corporation	0.22%	$132.1m	1.43M	−3.9% Reduced
BLKBlackRock	0.21%	$126.3m	131.3K	−2.7% Reduced
UBERUber	0.20%	$123.3m	1.71M	−3.3% Reduced
TAT&T	0.20%	$123.2m	5.95M	−2.7% Reduced
ISRGIntuitive Surgical	0.20%	$121.4m	305.2K	−2.1% Reduced
BKNGBooking Holdings	0.20%	$119.2m	668.9K	+2237.9% Added
PFEPfizer	0.19%	$116.4m	4.84M	−3.0% Reduced
COPConocoPhillips	0.19%	$114.9m	1.11M	−2.9% Reduced
DELLDell Technologies	0.19%	$112.9m	261.7K	−3.6% Reduced
PGRProgressive Corporation	0.19%	$112.1m	513.2K	−0.6% Reduced
CVSCVS Health	0.18%	$111.6m	1.08M	−2.0% Reduced
CRMSalesforce	0.18%	$111.4m	711.1K	−13.0% Reduced
VRTVertiv	0.18%	$111.3m	332.4K	−0.8% Reduced
VRTXVertex Pharmaceuticals	0.18%	$109.2m	219.8K	−2.2% Reduced
PLDPrologis	0.18%	$109.0m	804.7K	−2.1% Reduced
COFCapital One	0.18%	$107.5m	535.7K	−3.1% Reduced
APPApplovin Corp	0.18%	$107.2m	208.0K	−1.0% Reduced
PHParker Hannifin	0.18%	$106.8m	109.2K	−3.4% Reduced
LOWLowe's	0.18%	$106.1m	481.0K	−2.0% Reduced
DHRDanaher Corporation	0.17%	$105.2m	552.3K	−0.6% Reduced
MOAltria	0.17%	$103.9m	1.44M	−2.7% Reduced
SPGIS&P Global	0.17%	$103.8m	254.8K	−5.1% Reduced
BMYBristol Myers Squibb	0.17%	$100.8m	1.75M	−2.3% Reduced
SBUXStarbucks	0.17%	$100.5m	983.8K	−2.1% Reduced
CBChubb Limited	0.16%	$97.6m	286.5K	−10.0% Reduced
PWRQuanta Services	0.15%	$93.5m	129.9K	−2.3% Reduced
SYKStryker Corporation	0.15%	$92.6m	294.1K	−2.4% Reduced
HWMHowmet Aerospace	0.15%	$91.9m	341.9K	−1.7% Reduced
TTTrane Technologies	0.15%	$91.7m	186.6K	−3.8% Reduced
SOSouthern Company	0.15%	$90.6m	946.2K	−1.5% Reduced
NOWServiceNow	0.15%	$90.1m	907.1K	−1.0% Reduced
CDNSCadence Design Systems Inc	0.15%	$88.6m	236.0K	−2.0% Reduced
NEMNewmont	0.15%	$88.4m	946.6K	−2.2% Reduced
LMTLockheed Martin	0.15%	$88.0m	172.7K	−5.5% Reduced
BNYBNY Mellon	0.14%	$87.6m	605.4K	−2.0% Reduced
EQIXEquinix	0.14%	$87.4m	83.9K	−2.3% Reduced
MDTMedtronic	0.14%	$85.6m	1.09M	−2.2% Reduced
CMICummins	0.14%	$84.7m	118.8K	−2.3% Reduced
DUKDuke Energy	0.14%	$83.4m	658.5K	−2.0% Reduced
FTNTFortinet	0.14%	$82.6m	537.8K	−3.1% Reduced
USBU.S. Bancorp	0.14%	$81.3m	1.35M	−2.1% Reduced
PNCPNC Financial Services	0.13%	$79.1m	321.2K	−1.5% Reduced
MCKMcKesson	0.13%	$79.0m	104.6K	−4.9% Reduced
FCXFreeport-McMoRan	0.13%	$78.7m	1.25M	−2.0% Reduced
WMBWilliams Companies	0.13%	$78.2m	1.05M	−1.9% Reduced
ADPAutomatic Data Processing	0.13%	$78.2m	349.1K	−2.8% Reduced
JCIJohnson Controls	0.13%	$77.1m	527.9K	−5.2% Reduced
CMCSAComcast	0.13%	$76.0m	3.10M	−3.0% Reduced
GDGeneral Dynamics	0.13%	$76.0m	214.4K	−2.5% Reduced
CSXCSX Corporation	0.13%	$75.8m	1.60M	−3.0% Reduced
BXBlackstone Inc.	0.12%	$74.1m	630.1K	−2.0% Reduced
SNOWSnowflake Inc.	0.12%	$73.8m	290.1K	−0.2%
MMM3M	0.12%	$73.8m	455.6K	−2.7% Reduced
DDOGDatadog, Inc.	0.12%	$72.8m	279.7K	+1.9% Added
ADBEAdobe Inc.	0.12%	$72.4m	353.0K	−4.3% Reduced
SNPSSynopsys Inc	0.12%	$71.7m	160.8K	−3.3% Reduced
ELVElevance Health	0.12%	$71.6m	185.1K	−5.5% Reduced
MRSHMarsh McLennan	0.12%	$71.0m	426.0K	−2.0% Reduced
SHWSherwin-Williams	0.12%	$70.7m	205.3K	+0.9% Added
BEBloom Energy	0.12%	$70.5m	232.8K	+269.5% Added
TMUST-Mobile US	0.12%	$70.4m	419.9K	−1.0% Reduced
ORLYO'Reilly Automotive	0.12%	$69.6m	756.1K	+1.1% Added
WMWaste Management	0.12%	$69.3m	310.9K	−3.3% Reduced
MARMarriott International	0.12%	$69.3m	187.0K	−5.0% Reduced
RCLRoyal Caribbean Group	0.12%	$69.1m	217.7K	−2.4% Reduced
CMECME Group	0.11%	$68.7m	311.3K	−2.1% Reduced
CEGConstellation Energy	0.11%	$68.7m	276.6K	−0.5%
ITWIllinois Tool Works	0.11%	$67.9m	251.2K	−3.1% Reduced
EMREmerson Electric	0.11%	$67.9m	474.3K	−2.0% Reduced
UPSUnited Parcel Service	0.11%	$67.7m	629.9K	−1.8% Reduced
ACNAccenture	0.11%	$67.1m	539.1K	−1.3% Reduced
HOODRobinhood Markets	0.11%	$66.7m	664.9K	+0.6% Added
TERTeradyne	0.11%	$66.7m	137.8K	−0.5%
NETCloudflare, Inc.	0.11%	$66.0m	269.1K	−2.2% Reduced
SPCXSpace Exploration Technologies Corp	0.11%	$65.9m	385.7K	New
AMTAmerican Tower	0.11%	$65.9m	402.9K	−1.9% Reduced
FIXComfort Systems USA	0.11%	$65.0m	32.8K	+2.0% Added
TDGTransDigm Group	0.11%	$64.8m	48.7K	−1.8% Reduced
VLOValero Energy	0.11%	$64.7m	248.5K	−8.9% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$304.1m	1.01M
BKNGBooking Holdings	$114.1m	640.3K
SPCXSpace Exploration Technologies Corp	$65.9m	385.7K
HONHoneywell Technologies	$60.9m	271.9K
HONAHoneywell Aerospace	$60.1m	271.9K
BEBloom Energy	$51.4m	169.8K
CVNACarvana	$30.8m	467.4K
CRWVCoreweave, Inc.	$27.7m	278.5K
CRDOCredo Technology Group Holding Ltd	$27.0m	99.4K
CCLCarnival Corporation	$25.3m	884.0K
SUNBSunbelt Rentals Holdings, Inc.	$20.5m	274.2K
DVNDevon Energy	$19.3m	466.1K
DDDuPont	$17.5m	129.0K
TSLATesla, Inc.	$17.4m	41.4K
STRLSterling Infrastructure, Inc.	$16.3m	19.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
NVDANVIDIA Corporation	−$138.7m	−693.2K
AAPLApple Inc.	−$100.5m	−347.3K
MSFTMicrosoft Corporation	−$62.0m	−166.3K
GOOGLAlphabet Inc. (Class A)	−$43.5m	−121.6K
AMZNAmazon	−$38.1m	−159.7K
JPMJPMorgan Chase	−$35.4m	−108.1K
AVGOBroadcom	−$32.5m	−86.0K
LLYLilly (Eli)	−$24.5m	−20.4K
VVisa Inc.	−$23.8m	−69.5K
METAMeta Platforms	−$22.2m	−39.4K
CATCaterpillar Inc.	−$18.6m	−17.4K
CRMSalesforce	−$16.6m	−106.2K
JNJJohnson & Johnson	−$14.6m	−57.4K
LRCXLam Research	−$14.4m	−33.1K
GSGoldman Sachs	−$12.1m	−11.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CNXCConcentrix Corp	$1.2m	43.4K
CMCOColumbus Mckinnon Corp	$1.0m	71.1K
IIIVI3 Verticals, Inc.	$818,957	36.6K
HVTHaverty Furniture Companies Inc	$663,591	31.3K
MTWManitowoc Co Inc	$637,698	54.7K
OOMAOoma Inc	$268,098	18.4K
SNAPSnap Inc	$232,838	50.6K
IIIInformation Services Group Inc.	$231,940	60.4K
EGANEgain Corp	$214,261	27.2K
ASSTStrive, Inc.	$208,496	20.8K
RGRSturm Ruger & Co Inc	$202,855	5.1K
EPEmpire Petroleum Corp	$45,969	15.5K
QSIQuantum-si Inc	$31,952	41.3K
JELDJeld-wen Holding, Inc.	$30,147	24.3K
TMCITreace Medical Concepts, Inc.	$17,313	12.9K
NFENew Fortress Energy Inc.	$11,004	18.6K

Technology37.7%
Financials11.2%
Industrials10.7%
Consumer Discretionary9.9%
Health Care9.7%
Communication Services7.1%
Consumer Staples4.6%
Energy2.4%
Utilities2.3%
Materials2.2%
Real Estate2.2%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 9, 2013 to November 2, 2026	+14.3%	+13.9%	0.78	0.77	−32.3%	1.02
2018 onwardsJanuary 5, 2018 to November 2, 2026	+14.0%	+13.9%	0.65	0.66	−32.3%	1.02
Last three yearsNovember 3, 2023 to November 2, 2026	+21.1%	+21.8%	1.11	1.16	−17.4%	1.00
Last yearNovember 7, 2025 to November 2, 2026	+13.4%	+14.2%	0.78	0.84	−8.9%	0.97

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.