State Board of Administration of Florida Retirement System
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), State Board of Administration of Florida Retirement System reported 2,198 stock positions worth $52.6 billion. Its top holding was Apple (AAPL) at 6.6% of the portfolio, followed by Nvidia (NVDA, 5.8%) and Microsoft (MSFT, 5.8%). Compared with Q3 2024, it opened 38 new positions, sold out of 65, added to 335 and reduced 765. The biggest buy was Tesla (TSLA, shares +1%) and the biggest sale an exit from BlackRock Finance (BLK).
- Most Recent 13F
- Q2 2026
- Location
- TALLAHASSEE, FL
- CIK
- 0000938076
- Portfolio Value
- $52.6B (Q4 2024)
- SEC Filing
- 0000938076-25-000001 ↗ filed Feb 10, 2025
Holdings Value
Holdings 2,198 stocks · $52.6B
| AAPL Apple Inc. | 6.65% | 13,952,676 | $3.5B | Reduce -0.1% |
| NVDA Nvidia Corp. | 5.80% | 22,708,309 | $3.0B | Add +0.5% |
| MSFT Microsoft Corp. | 5.75% | 7,172,884 | $3.0B | Add +0.7% |
| AMZN Amazon.com Inc. | 3.79% | 9,069,896 | $2.0B | Add +1.6% |
| META Meta Platforms Inc. Class A | 2.36% | 2,115,341 | $1.2B | Reduce -0.1% |
| TSLA Tesla Inc. | 2.07% | 2,695,846 | $1.1B | Add +1.2% |
| GOOGL Alphabet Inc. Class A | 2.04% | 5,662,226 | $1.1B | Reduce -0.6% |
| AVGO Broadcom Inc. | 1.94% | 4,393,180 | $1.0B | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 1.72% | 4,754,210 | $905.4M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.50% | 1,736,205 | $787.0M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 1.24% | 2,729,180 | $654.2M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 1.14% | 775,603 | $598.8M | Reduce -0.8% |
| V Visa Inc. Class A | 0.92% | 1,525,279 | $482.0M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.89% | 4,333,040 | $466.1M | Reduce -0.2% |
| UNH Unitedhealth Group Inc. | 0.85% | 884,795 | $447.6M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 0.80% | 798,613 | $420.5M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.74% | 426,459 | $390.8M | Reduce -0.8% |
| WMT Walmart Inc. | 0.74% | 4,296,797 | $388.2M | Reduce -2.3% |
| PG The Procter & Gamble Co. | 0.72% | 2,270,329 | $380.6M | Reduce -0.6% |
| HD Home Depot Inc. | 0.70% | 952,337 | $370.4M | Reduce -0.8% |
| NFLX Netflix Inc. | 0.70% | 411,155 | $366.5M | Reduce -0.6% |
| JNJ Johnson & Johnson | 0.64% | 2,314,960 | $334.8M | Reduce -1.6% |
| ABBV Abbvie Inc. | 0.58% | 1,702,884 | $302.6M | Reduce -2.2% |
| CRM Salesforce Inc. | 0.57% | 901,839 | $301.5M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.56% | 6,745,183 | $296.5M | Reduce -0.2% |
| ORCL Oracle Corp. | 0.48% | 1,517,436 | $252.9M | Add +1.1% |
| MRK Merck & Co. Inc. | 0.46% | 2,450,931 | $243.8M | Reduce -3.4% |
| KO The Coca-Cola Co. | 0.46% | 3,880,956 | $241.6M | Reduce -0.2% |
| CVX Chevron Corp. | 0.45% | 1,645,922 | $238.4M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 0.45% | 4,021,223 | $238.1M | Reduce -2.2% |
| WFC Wells Fargo & Co. | 0.45% | 3,338,651 | $234.5M | Reduce -5.0% |
| NOW ServiceNow Inc. | 0.41% | 200,962 | $213.0M | Reduce -1.3% |
| ACN Accenture PLC Class A | 0.40% | 600,311 | $211.2M | Add +1.3% |
| MCD McDonald's Corp. | 0.38% | 685,150 | $198.6M | Reduce -1.0% |
| PEP Pepsico Inc. | 0.37% | 1,286,548 | $195.6M | Reduce -1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.37% | 1,748,401 | $194.7M | Add +0.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 871,653 | $191.6M | Reduce -1.7% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 366,747 | $190.8M | Add +0.1% |
| ADBE Adobe Inc. | 0.36% | 428,763 | $190.7M | Reduce -1.9% |
| LIN Linde PLC | 0.36% | 453,724 | $190.0M | Reduce -0.3% |
| ABT Abbott Laboratories | 0.36% | 1,672,068 | $189.1M | Reduce -0.6% |
| AMD Advanced Micro Devices | 0.36% | 1,551,424 | $187.4M | Add +0.9% |
| ISRG Intuitive Surgical Inc. | 0.34% | 339,874 | $177.4M | Add +0.4% |
| PM Philip Morris International | 0.34% | 1,473,267 | $177.3M | Add +0.3% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 1,050,785 | $175.3M | Reduce -1.1% |
| CAT Caterpillar Inc. | 0.32% | 463,278 | $168.1M | Reduce -1.3% |
| GS Goldman Sachs Group Inc. | 0.32% | 292,159 | $167.3M | Add +1.9% |
| INTU Intuit Inc. | 0.32% | 263,751 | $165.8M | Reduce -2.1% |
| T AT&T Inc. | 0.32% | 7,279,154 | $165.7M | Reduce -2.3% |
| QCOM Qualcomm Inc. | 0.31% | 1,067,960 | $164.1M | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.31% | 873,454 | $163.8M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 0.31% | 4,086,282 | $163.4M | Reduce -6.2% |
| BKNG Booking Holdings Inc. | 0.30% | 32,225 | $160.1M | Reduce -6.0% |
| AXP American Express Co. | 0.30% | 535,547 | $158.9M | Reduce -1.1% |
| RTX RTX Corp. | 0.29% | 1,301,132 | $150.6M | Reduce -2.3% |
| PFE Pfizer Inc. | 0.29% | 5,668,114 | $150.4M | Reduce -0.2% |
| SPGI S&P Global Inc. | 0.29% | 301,226 | $150.0M | Reduce -0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 1,965,194 | $148.6M | Reduce -5.1% |
| CMCSA Comcast Corp. Class A | 0.27% | 3,846,309 | $144.4M | Reduce -4.3% |
| NEE Nextera Energy Inc. | 0.27% | 2,007,467 | $143.9M | Add +1.5% |
| DHR Danaher Corp. | 0.27% | 620,814 | $142.5M | Reduce -2.8% |
| MS Morgan Stanley | 0.27% | 1,120,989 | $140.9M | Reduce -1.0% |
| HON Honeywell International Inc. | 0.27% | 617,852 | $139.6M | Add +0.6% |
| PGR Progressive Corp. | 0.26% | 566,383 | $135.7M | Reduce -1.7% |
| LOW Lowe's Cos Inc. | 0.26% | 546,048 | $134.8M | Reduce -1.4% |
| COP Conocophillips | 0.25% | 1,345,329 | $133.4M | Add +11.9% |
| AMGN Amgen Inc. | 0.25% | 509,355 | $132.8M | Reduce -0.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 1,096,189 | $132.4M | Reduce -3.0% |
| BSX Boston Scientific Corp. | 0.25% | 1,471,967 | $131.5M | Reduce -2.2% |
| AMAT Applied Materials Inc. | 0.25% | 806,366 | $131.1M | Reduce -2.6% |
| UNP Union Pacific Corp. | 0.25% | 568,812 | $129.7M | Reduce -0.8% |
| C Citigroup Inc. | 0.24% | 1,818,046 | $128.0M | Reduce -2.0% |
| ETN Eaton Corp. PLC | 0.24% | 379,648 | $126.0M | Reduce -2.0% |
| SYK Stryker Corp. | 0.23% | 339,548 | $122.3M | Reduce -1.5% |
| BA The Boeing Co. | 0.23% | 677,867 | $120.0M | Add +24.3% |
| BX Blackstone Inc. | 0.23% | 687,947 | $118.6M | Reduce -2.3% |
| UBER Uber Technologies Inc. | 0.22% | 1,959,843 | $118.2M | Reduce -1.8% |
| ADP Automatic Data Processing | 0.22% | 393,336 | $115.1M | Reduce -0.6% |
| FISV Fiserv Inc. | 0.22% | 552,974 | $113.6M | Reduce -2.0% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 1,972,830 | $111.6M | Reduce -8.1% |
| PANW Palo Alto Networks Inc. | 0.21% | 612,312 | $111.4M | Add +3.9% |
| GILD Gilead Sciences Inc. | 0.21% | 1,197,331 | $110.6M | Reduce -3.5% |
| SCHW Schwab (charles) Corp. | 0.21% | 1,465,672 | $108.5M | Add +0.9% |
| CB Chubb Ltd. | 0.20% | 377,666 | $104.3M | Reduce -3.1% |
| DE Deere & Co. | 0.19% | 240,668 | $102.0M | Add +0.1% |
| MRSH Marsh & McLennan Cos | 0.19% | 478,179 | $101.6M | Reduce -1.2% |
| TMUS T-Mobile US Inc. | 0.19% | 459,825 | $101.5M | Reduce -5.5% |
| ADI Analog Devices Inc. | 0.19% | 470,560 | $100.0M | Reduce -2.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.19% | 248,049 | $99.9M | Reduce -5.2% |
| SBUX Starbucks Corp. | 0.19% | 1,093,279 | $99.8M | Add +1.4% |
| MDT Medtronic PLC | 0.19% | 1,235,552 | $98.7M | Reduce -3.7% |
| LMT Lockheed Martin Corp. | 0.18% | 199,776 | $97.1M | Add +1.3% |
| PLD Prologis Inc. | 0.18% | 908,779 | $96.1M | Add +0.2% |
| MRVL Marvell Technology Inc. | 0.18% | 844,056 | $93.2M | Add +2.3% |
| KKR KKR & Co. Inc. | 0.18% | 630,255 | $93.2M | Add +1.5% |
| EQIX Equinix Inc. | 0.17% | 97,092 | $91.5M | Reduce -0.3% |
| MO Altria Group Inc. | 0.17% | 1,750,689 | $91.5M | Reduce -8.1% |
| SO The Southern Co. | 0.17% | 1,107,002 | $91.1M | Reduce -4.6% |
| MU Micron Technology Inc. | 0.17% | 1,059,500 | $89.2M | Reduce -2.8% |
| NKE Nike Inc. Class B | 0.17% | 1,156,695 | $87.5M | Reduce -0.5% |
Portfolio Sells Q3 2024 → Q4 2024
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.26 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.20 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.19 |
| LLY Eli Lilly & Co. | Reduce -0.8% | 1.14% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -0.1% | 0.85% | −0.14 |
| JNJ Johnson & Johnson | Reduce -1.6% | 0.64% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -3.4% | 0.46% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 0.89% | −0.08 |
| ABBV Abbvie Inc. | Reduce -2.2% | 0.58% | −0.08 |
| REGN Regeneron Pharmaceuticals | Reduce -3.6% | 0.14% | −0.07 |
| KO The Coca-Cola Co. | Reduce -0.2% | 0.46% | −0.07 |
| ELV Elevance Health Inc. | Reduce -3.9% | 0.16% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -2.6% | 0.25% | −0.07 |
| ADBE Adobe Inc. | Reduce -1.9% | 0.36% | −0.07 |
| DHR Danaher Corp. | Reduce -2.8% | 0.27% | −0.07 |
| AMGN Amgen Inc. | Reduce -0.6% | 0.25% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -6.2% | 0.31% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -1.8% | 0.22% | −0.06 |
| CVS CVS Health Corp. | Reduce -7.6% | 0.10% | −0.05 |
| LIN Linde PLC | Reduce -0.3% | 0.36% | −0.05 |
| PEP Pepsico Inc. | Reduce -1.5% | 0.37% | −0.05 |
| GE General Electric | Reduce -1.1% | 0.33% | −0.05 |
| CI The Cigna Group | Reduce -6.2% | 0.14% | −0.05 |
| MU Micron Technology Inc. | Reduce -2.8% | 0.17% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -4.3% | 0.27% | −0.05 |
| AMT American Tower Corp. | Reduce -0.3% | 0.15% | −0.04 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -5.2% | 0.19% | −0.04 |
| HCA HCA Healthcare Inc. | Reduce -2.8% | 0.11% | −0.04 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.04 |
| KLAC KLA Corp. | Reduce -2.1% | 0.16% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -1.6% | 0.31% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.4% | 0.16% | −0.04 |
| DHI D.R. Horton Inc. | Reduce -8.0% | 0.08% | −0.04 |
| HD Home Depot Inc. | Reduce -0.8% | 0.70% | −0.04 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -8.3% | 0.14% | −0.04 |
| MPWR Monolithic Power Systems Inc. | Reduce -3.5% | 0.06% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -0.5% | 0.31% | −0.03 |
| ZTS Zoetis Inc. | Reduce -3.2% | 0.14% | −0.03 |
| MDT Medtronic PLC | Reduce -3.7% | 0.19% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.72% | −0.03 |
| CAT Caterpillar Inc. | Reduce -1.3% | 0.32% | −0.03 |
| INTC Intel Corp. | Reduce -1.2% | 0.16% | −0.03 |
| MPC Marathon Petroleum Corp. | Reduce -12.7% | 0.09% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -1.4% | 0.26% | −0.03 |
| NKE Nike Inc. Class B | Reduce -0.5% | 0.17% | −0.03 |
| LEN Lennar Corp. Class A | Reduce -6.6% | 0.06% | −0.03 |
| PFE Pfizer Inc. | Reduce -0.2% | 0.29% | −0.03 |
| CEG Constellation Energy | Reduce -3.4% | 0.13% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| TSLA Tesla Inc. | Add +1.2% | 2.07% | +0.74 |
| AMZN Amazon.com Inc. | Add +1.6% | 3.79% | +0.61 |
| NVDA Nvidia Corp. | Add +0.5% | 5.80% | +0.57 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 1.72% | +0.21 |
| V Visa Inc. Class A | Add +0.1% | 0.92% | +0.12 |
| APP AppLovin Corp. Class A | Add +10.7% | 0.15% | +0.10 |
| BA The Boeing Co. | Add +24.3% | 0.23% | +0.07 |
| MRVL Marvell Technology Inc. | Add +2.3% | 0.18% | +0.06 |
| DIS The Walt Disney Co. | Add +0.9% | 0.37% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +1.9% | 0.32% | +0.05 |
| APO Apollo Global Management Inc. | Add +1.1% | 0.15% | +0.04 |
| MSTR Strategy Inc. | Add +2.9% | 0.09% | +0.04 |
| GEV GE Vernova Inc. | Add +0.6% | 0.16% | +0.04 |
| COIN Coinbase Global Inc. Class A | Add +6.2% | 0.09% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.8% | 0.14% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +0.9% | 0.21% | +0.03 |
| AXON Axon Enterprise Inc. | Add +0.5% | 0.08% | +0.03 |
| RCL Royal Caribbean Cruises Ltd. | Add +1.0% | 0.10% | +0.02 |
| SNOW Snowflake Inc. | Add +0.8% | 0.09% | +0.02 |
| ALAB Astera Labs Inc. | New | 0.02% | +0.02 |
| HON Honeywell International Inc. | Add +0.6% | 0.27% | +0.02 |
| KKR KKR & Co. Inc. | Add +1.5% | 0.18% | +0.02 |
| HOOD Robinhood Markets Inc. Class A | Add +21.9% | 0.04% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +0.4% | 0.34% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +3.9% | 0.21% | +0.02 |
| EXE Expand Energy Corp. | Add +73.6% | 0.04% | +0.02 |
| SOFI Sofi Technologies Inc. | Add +43.8% | 0.03% | +0.02 |
| RBLX Roblox Corp. Class A | Add +7.6% | 0.06% | +0.02 |
| EMR Emerson Electric Co. | Add +0.4% | 0.13% | +0.02 |
| EQT Eqt Corp. | Add +19.0% | 0.05% | +0.02 |
| NET Cloudflare Inc. Class A | Add +0.6% | 0.06% | +0.02 |
| AMP Ameriprise Financial Inc. | Add +1.4% | 0.10% | +0.01 |
| COP Conocophillips | Add +11.9% | 0.25% | +0.01 |
| TRGP Targa Resources Corp. | Add +0.4% | 0.07% | +0.01 |
| CVNA Carvana Co. | Add +20.0% | 0.04% | +0.01 |
| DAL Delta Air Lines Inc. | Add +1.1% | 0.07% | +0.01 |
| AFRM Affirm Holdings Inc. | Add +10.4% | 0.03% | +0.01 |
| SW Smurfit Westrock PLC | Add +21.2% | 0.04% | +0.01 |
| OKE Oneok Inc. | Add +0.4% | 0.10% | +0.01 |
| TOST Toast Inc. Class A | Add +24.8% | 0.03% | +0.01 |
| AJG Arthur J Gallagher & Co. | Add +8.1% | 0.12% | +0.01 |
| ARES Ares Management Corp. Class A | Add +5.8% | 0.06% | +0.01 |
| DXCM Dexcom Inc. | Add +0.5% | 0.06% | +0.01 |
| ADSK Autodesk Inc. | Add +0.3% | 0.12% | +0.01 |
| NTRA Natera Inc. | Add +4.1% | 0.03% | +0.01 |
| ETR Entergy Corp. | Add +2.1% | 0.05% | +0.01 |
| USB US Bancorp | Add +0.8% | 0.14% | +0.01 |
| GME Gamestop Corp. Class A | Add +18.9% | 0.02% | +0.01 |
| OWL Blue Owl Capital Inc. | Add +43.8% | 0.02% | +0.01 |
| P Everpure Inc. Class A | Add +2.2% | 0.03% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,134 | $60.3B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 2,061 | $53.4B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 2,072 | $56.5B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 2,084 | $57.2B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 2,147 | $56.4B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 2,169 | $50.4B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 2,198 | $52.6B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 2,223 | $52.4B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 2,188 | $50.8B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 2,136 | $42.7B | AAPL, MSFT, AMZN, NVDA, GOOGL |