# STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 938076. Source: https://holderbook.com/funds/938076-state-board-of-administration-of-florida-retirement-system/

- Reported value: $60.3B
- Positions: 2,136
- Weight of the ten largest: 32.9%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.0B | 19,899,706 | 6.6% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.6B | 12,353,067 | 5.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.4B | 6,320,554 | 3.9% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.0B | 8,257,584 | 3.3% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.8B | 4,985,338 | 3.0% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.5B | 3,959,884 | 2.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.4B | 4,038,284 | 2.4% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.1B | 975,163 | 1.9% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.1B | 2,519,429 | 1.8% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.1B | 1,876,124 | 1.8% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $819.7M | 683,386 | 1.4% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $817.5M | 1,407,261 | 1.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $778.5M | 1,555,783 | 1.3% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $745.1M | 2,276,184 | 1.2% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $531.0M | 3,803,073 | 0.9% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $520.0M | 2,047,401 | 0.9% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $493.7M | 682,788 | 0.8% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $486.1M | 3,555,254 | 0.8% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $483.6M | 1,409,463 | 0.8% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $465.2M | 1,073,600 | 0.8% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $423.4M | 3,738,027 | 0.7% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $415.8M | 390,457 | 0.7% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $397.6M | 3,385,033 | 0.7% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $379.8M | 1,509,311 | 0.6% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $354.7M | 379,139 | 0.6% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $353.0M | 687,304 | 0.6% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $338.8M | 1,123,042 | 0.6% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $332.6M | 889,930 | 0.6% | 20 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $325.5M | 5,712,068 | 0.5% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $320.4M | 770,923 | 0.5% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $299.3M | 848,599 | 0.5% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $290.9M | 1,983,620 | 0.5% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $275.2M | 234,207 | 0.5% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $275.1M | 2,140,853 | 0.5% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $269.6M | 3,316,926 | 0.4% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $264.6M | 116,352 | 0.4% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $263.1M | 1,587,525 | 0.4% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $261.6M | 3,664,275 | 0.4% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $249.9M | 247,055 | 0.4% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $241.5M | 1,334,661 | 0.4% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $232.8M | 682,604 | 0.4% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $230.5M | 773,327 | 0.4% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $225.2M | 800,734 | 0.4% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $224.1M | 752,290 | 0.4% | 21 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $222.6M | 1,907,811 | 0.4% | 21 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $219.7M | 2,658,363 | 0.4% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $219.4M | 1,156,423 | 0.4% | 25 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $216.5M | 1,477,107 | 0.4% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $206.4M | 397,686 | 0.3% | 14 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $205.8M | 1,470,531 | 0.3% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $203.1M | 971,452 | 0.3% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $188.8M | 295,666 | 0.3% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $188.7M | 1,070,329 | 0.3% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $175.2M | 685,829 | 0.3% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $169.3M | 915,938 | 0.3% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $166.8M | 460,749 | 0.3% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $164.6M | 414,403 | 0.3% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $163.2M | 213,914 | 0.3% | 25 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $162.8M | 602,121 | 0.3% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $160.8M | 320,764 | 0.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $157.3M | 1,161,913 | 0.3% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $156.6M | 1,783,836 | 0.3% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $154.8M | 457,519 | 0.3% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $153.2M | 3,618,139 | 0.3% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $151.5M | 891,686 | 0.3% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $147.5M | 1,532,311 | 0.2% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $143.0M | 335,660 | 0.2% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $141.7M | 935,568 | 0.2% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $140.2M | 647,437 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $135.8M | 499,300 | 0.2% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $135.1M | 212,986 | 0.2% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $134.8M | 1,485,061 | 0.2% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $134.5M | 1,064,777 | 0.2% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $133.3M | 587,165 | 0.2% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $132.1M | 1,431,430 | 0.2% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $126.3M | 131,333 | 0.2% | 6 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $123.3M | 1,708,988 | 0.2% | 29 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $123.2M | 5,953,546 | 0.2% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $121.4M | 305,221 | 0.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $119.2M | 668,883 | 0.2% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $116.4M | 4,835,552 | 0.2% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $114.9M | 1,105,672 | 0.2% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $112.9M | 261,685 | 0.2% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $112.1M | 513,174 | 0.2% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $111.6M | 1,078,595 | 0.2% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $111.4M | 711,094 | 0.2% | 31 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $111.3M | 332,399 | 0.2% | 25 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $109.2M | 219,813 | 0.2% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $109.0M | 804,737 | 0.2% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $107.5M | 535,712 | 0.2% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $107.2M | 207,990 | 0.2% | 17 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $106.8M | 109,152 | 0.2% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $106.1M | 480,988 | 0.2% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $105.2M | 552,307 | 0.2% | 31 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $103.9M | 1,444,688 | 0.2% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $103.8M | 254,753 | 0.2% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $100.8M | 1,749,222 | 0.2% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $100.5M | 983,807 | 0.2% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $97.6M | 286,497 | 0.2% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $95.9M | 922,952 | 0.2% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.8% | +14.8% | -0.0% | 100% |
| Q1 2026 | -4.4% | -4.6% | +0.2% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.7% | +7.8% | -0.1% | 100% |
| Q2 2025 | +10.6% | +10.5% | +0.2% | 100% |
| Q1 2025 | -4.8% | -4.6% | -0.2% | 100% |
| Q4 2024 | +2.2% | +2.1% | +0.1% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $60.3B | 2,136 |
| Q1 2026 | $53.4B | 2,063 |
| Q4 2025 | $56.5B | 2,073 |
| Q3 2025 | $57.2B | 2,084 |
| Q2 2025 | $56.4B | 2,147 |
| Q1 2025 | $50.4B | 2,169 |
| Q4 2024 | $52.6B | 2,198 |
| Q3 2024 | $52.4B | 2,223 |
| Q2 2024 | $50.8B | 2,188 |
| Q1 2024 | $42.7B | 2,136 |
| Q4 2023 | $48.0B | 2,431 |
| Q3 2023 | $42.5B | 2,351 |