State Board of Administration of Florida Retirement System
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), State Board of Administration of Florida Retirement System reported 2,147 stock positions worth $56.4 billion. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Microsoft (MSFT, 6.3%) and Apple (AAPL, 5.2%). Compared with Q1 2025, it opened 57 new positions, sold out of 80, added to 795 and reduced 396. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale Unitedhealth (UNH, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- TALLAHASSEE, FL
- CIK
- 0000938076
- Portfolio Value
- $56.4B (Q2 2025)
- SEC Filing
- 0000938076-25-000008 ↗ filed Aug 13, 2025
Holdings Value
Holdings 2,147 stocks · $56.4B
| NVDA Nvidia Corp. | 6.38% | 22,770,084 | $3.6B | Add +0.3% |
| MSFT Microsoft Corp. | 6.33% | 7,174,129 | $3.6B | Add +0.1% |
| AAPL Apple Inc. | 5.21% | 14,309,174 | $2.9B | Add +0.5% |
| AMZN Amazon.com Inc. | 3.59% | 9,233,157 | $2.0B | Add +1.8% |
| META Meta Platforms Inc. Class A | 2.78% | 2,120,497 | $1.6B | Add +0.2% |
| AVGO Broadcom Inc. | 2.19% | 4,476,173 | $1.2B | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 1.77% | 5,650,259 | $995.7M | Reduce -0.2% |
| TSLA Tesla Inc. | 1.54% | 2,733,662 | $868.4M | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.51% | 1,750,113 | $850.2M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 1.44% | 4,587,366 | $813.8M | Reduce -2.8% |
| JPM JPMorgan Chase & Co. | 1.39% | 2,693,747 | $780.9M | Reduce -1.3% |
| LLY Eli Lilly & Co. | 1.08% | 779,641 | $607.8M | Add +0.6% |
| V Visa Inc. Class A | 1.04% | 1,651,081 | $586.2M | Add +1.2% |
| NFLX Netflix Inc. | 0.98% | 413,917 | $554.3M | Add +0.3% |
| XOM Exxon Mobil Corp. | 0.80% | 4,201,792 | $453.0M | Reduce -2.6% |
| MA Mastercard Inc. Class A | 0.79% | 789,153 | $443.5M | Reduce -0.8% |
| COST Costco Wholesale Corp. | 0.76% | 431,511 | $427.2M | Add +0.7% |
| WMT Walmart Inc. | 0.74% | 4,278,051 | $418.3M | Add +0.5% |
| PG The Procter & Gamble Co. | 0.63% | 2,240,297 | $356.9M | Reduce -1.5% |
| JNJ Johnson & Johnson | 0.63% | 2,308,070 | $352.6M | Reduce -0.7% |
| HD Home Depot Inc. | 0.62% | 957,203 | $350.9M | Add +0.5% |
| ORCL Oracle Corp. | 0.61% | 1,571,512 | $343.6M | Add +3.1% |
| ABBV Abbvie Inc. | 0.57% | 1,722,506 | $319.7M | Add +0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.56% | 6,664,900 | $315.4M | Add +0.6% |
| PLTR Palantir Technologies Inc. Class A | 0.51% | 2,107,117 | $287.2M | Add +6.1% |
| UNH Unitedhealth Group Inc. | 0.49% | 877,197 | $273.7M | Reduce -1.1% |
| PM Philip Morris International | 0.49% | 1,501,347 | $273.4M | Add +1.3% |
| CSCO Cisco Systems Inc. | 0.48% | 3,925,767 | $272.4M | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.48% | 3,833,700 | $271.2M | Reduce -0.2% |
| GE General Electric filed as GE AEROSPACE | 0.47% | 1,036,786 | $266.9M | Reduce -1.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.47% | 892,422 | $263.1M | Add +1.7% |
| WFC Wells Fargo & Co. | 0.46% | 3,248,561 | $260.3M | Reduce -0.6% |
| CRM Salesforce Inc. | 0.44% | 908,101 | $247.6M | Add +0.8% |
| ABT Abbott Laboratories | 0.41% | 1,685,536 | $229.2M | Add +0.8% |
| CVX Chevron Corp. | 0.40% | 1,592,942 | $228.1M | Reduce -2.4% |
| AMD Advanced Micro Devices | 0.39% | 1,563,183 | $221.8M | Add +0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 1,761,388 | $218.4M | Add +0.7% |
| INTU Intuit Inc. | 0.37% | 267,021 | $210.3M | Add +1.0% |
| LIN Linde PLC | 0.37% | 446,982 | $209.7M | Reduce -1.6% |
| NOW ServiceNow Inc. | 0.37% | 203,956 | $209.7M | Add +1.3% |
| GS Goldman Sachs Group Inc. | 0.37% | 296,192 | $209.6M | Add +1.2% |
| EFA iShares MSCI Eafe ETF | 0.37% | 2,342,019 | $209.4M | New |
| T AT&T Inc. | 0.36% | 7,079,798 | $204.9M | Reduce -0.2% |
| MCD McDonald's Corp. | 0.36% | 694,650 | $203.0M | Add +1.4% |
| MRK Merck & Co. Inc. | 0.34% | 2,438,983 | $193.1M | Reduce -0.6% |
| RTX RTX Corp. | 0.34% | 1,317,166 | $192.3M | Add +1.2% |
| ISRG Intuitive Surgical Inc. | 0.33% | 345,244 | $187.6M | Add +1.4% |
| BKNG Booking Holdings Inc. | 0.33% | 32,404 | $187.6M | Reduce -0.8% |
| UBER Uber Technologies Inc. | 0.33% | 1,976,660 | $184.4M | Add +0.7% |
| TXN Texas Instruments Inc. | 0.32% | 880,583 | $182.8M | Add +0.5% |
| ACN Accenture PLC Class A | 0.32% | 604,321 | $180.6M | Add +0.6% |
| VZ Verizon Communications Inc. | 0.31% | 4,033,360 | $174.5M | Reduce -1.3% |
| CAT Caterpillar Inc. | 0.31% | 447,203 | $173.6M | Reduce -3.5% |
| AXP American Express Co. | 0.30% | 538,797 | $171.9M | Add +0.6% |
| PEP Pepsico Inc. | 0.30% | 1,291,610 | $170.5M | Add +0.0% |
| QCOM Qualcomm Inc. | 0.30% | 1,056,990 | $168.3M | Reduce -1.1% |
| ADBE Adobe Inc. | 0.29% | 419,081 | $162.1M | Reduce -1.9% |
| SPGI S&P Global Inc. | 0.28% | 303,802 | $160.2M | Add +0.3% |
| MS Morgan Stanley | 0.28% | 1,136,149 | $160.0M | Add +1.4% |
| BSX Boston Scientific Corp. | 0.28% | 1,463,096 | $157.2M | Add +0.2% |
| C Citigroup Inc. | 0.28% | 1,837,706 | $156.4M | Add +1.1% |
| PGR Progressive Corp. | 0.27% | 574,253 | $153.2M | Add +1.3% |
| BLK BlackRock Inc. | 0.27% | 144,929 | $152.1M | Add +2.7% |
| BA The Boeing Co. | 0.26% | 708,119 | $148.4M | Add +1.1% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 364,649 | $147.9M | Reduce -0.6% |
| HON Honeywell International Inc. | 0.26% | 621,406 | $144.7M | Add +0.7% |
| SCHW Schwab (charles) Corp. | 0.26% | 1,581,022 | $144.3M | Add +1.7% |
| AMGN Amgen Inc. | 0.26% | 515,935 | $144.1M | Add +1.0% |
| AMAT Applied Materials Inc. | 0.25% | 777,276 | $142.3M | Reduce -2.2% |
| GEV GE Vernova Inc. | 0.25% | 266,371 | $141.0M | Add +1.8% |
| NEE Nextera Energy Inc. | 0.25% | 2,015,799 | $139.9M | Add +0.3% |
| ETN Eaton Corp. PLC | 0.24% | 383,782 | $137.0M | Add +1.1% |
| GILD Gilead Sciences Inc. | 0.24% | 1,220,231 | $135.3M | Add +1.3% |
| PFE Pfizer Inc. | 0.24% | 5,531,049 | $134.1M | Reduce -0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 1,082,991 | $133.7M | Reduce -1.0% |
| MU Micron Technology Inc. | 0.23% | 1,074,540 | $132.4M | Add +1.3% |
| SYK Stryker Corp. | 0.23% | 330,087 | $130.6M | Reduce -2.9% |
| UNP Union Pacific Corp. | 0.23% | 564,917 | $130.0M | Reduce -0.9% |
| COF Capital One Financial Corp. | 0.23% | 606,633 | $129.1M | Add +70.2% |
| PANW Palo Alto Networks Inc. | 0.23% | 628,856 | $128.7M | Add +2.0% |
| CMCSA Comcast Corp. Class A | 0.22% | 3,519,582 | $125.6M | Reduce -5.7% |
| LRCX Lam Research Corp. | 0.22% | 1,271,816 | $123.8M | Add +0.7% |
| DE Deere & Co. | 0.22% | 242,321 | $123.2M | Reduce -0.3% |
| DHR Danaher Corp. | 0.22% | 622,726 | $123.0M | Add +0.3% |
| ADP Automatic Data Processing | 0.22% | 395,921 | $122.1M | Add +0.7% |
| LOW Lowe's Cos Inc. | 0.22% | 548,276 | $121.6M | Add +0.4% |
| APH Amphenol Corp. Class A | 0.21% | 1,212,268 | $119.7M | Add +1.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 231,656 | $118.0M | Add +3.8% |
| COP Conocophillips | 0.21% | 1,308,767 | $117.4M | Reduce -0.5% |
| KLAC KLA Corp. | 0.21% | 130,395 | $116.8M | Reduce -0.7% |
| ADI Analog Devices Inc. | 0.20% | 475,568 | $113.2M | Add +0.6% |
| SPOT Spotify Technology SA | 0.20% | 146,380 | $112.3M | Add +3.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.20% | 251,011 | $111.8M | Add +0.9% |
| TMUS T-Mobile US Inc. | 0.20% | 468,295 | $111.6M | Add +0.9% |
| MDT Medtronic PLC | 0.19% | 1,219,635 | $106.3M | Reduce -1.3% |
| CB Chubb Ltd. | 0.19% | 362,188 | $104.9M | Reduce -4.1% |
| BX Blackstone Inc. | 0.19% | 699,006 | $104.6M | Add +1.6% |
| MRSH Marsh & McLennan Cos | 0.18% | 476,515 | $104.2M | Reduce -0.3% |
| ICE Intercontinental Exchange Inc. | 0.18% | 559,197 | $102.6M | Add +0.1% |
| SBUX Starbucks Corp. | 0.18% | 1,111,509 | $101.8M | Add +1.5% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 0.49% | −0.44 |
| XOM Exxon Mobil Corp. | Reduce -2.6% | 0.80% | −0.21 |
| JNJ Johnson & Johnson | Reduce -0.7% | 0.63% | −0.14 |
| CVX Chevron Corp. | Reduce -2.4% | 0.40% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -1.5% | 0.63% | −0.14 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.6% | 0.26% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 0.34% | −0.09 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 0.79% | −0.08 |
| FISV Fiserv Inc. | Reduce -0.6% | 0.17% | −0.07 |
| COP Conocophillips | Reduce -0.5% | 0.21% | −0.07 |
| KO The Coca-Cola Co. | Reduce -0.2% | 0.48% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -1.3% | 0.31% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -5.7% | 0.22% | −0.05 |
| LIN Linde PLC | Reduce -1.6% | 0.37% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -0.3% | 0.18% | −0.05 |
| ELV Elevance Health Inc. | Reduce -2.6% | 0.15% | −0.04 |
| PFE Pfizer Inc. | Reduce -0.8% | 0.24% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -1.2% | 0.08% | −0.04 |
| CB Chubb Ltd. | Reduce -4.1% | 0.19% | −0.04 |
| ADBE Adobe Inc. | Reduce -1.9% | 0.29% | −0.04 |
| UNP Union Pacific Corp. | Reduce -0.9% | 0.23% | −0.04 |
| SLB SLB Ltd. | Reduce -1.9% | 0.08% | −0.03 |
| T AT&T Inc. | Reduce -0.2% | 0.36% | −0.03 |
| PLD Prologis Inc. | Reduce -0.6% | 0.17% | −0.03 |
| MDT Medtronic PLC | Reduce -1.3% | 0.19% | −0.03 |
| TJX TJX Companies Inc. | Reduce -1.0% | 0.24% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -1.1% | 0.30% | −0.03 |
| WM Waste Management Inc. | Reduce -3.8% | 0.15% | −0.03 |
| AFL Aflac Inc. | Reduce -5.3% | 0.10% | −0.02 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.02 |
| SO The Southern Co. | Reduce -1.2% | 0.18% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.9% | 0.16% | −0.02 |
| CPRT Copart Inc. | Reduce -1.3% | 0.08% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -1.2% | 0.13% | −0.02 |
| APO Apollo Global Management Inc. | Reduce -9.3% | 0.11% | −0.02 |
| FTV Fortive Corp. | Reduce -6.6% | 0.03% | −0.02 |
| SYK Stryker Corp. | Reduce -2.9% | 0.23% | −0.02 |
| FDX FedEx Corp. | Reduce -2.5% | 0.08% | −0.02 |
| X United States Steel Corp. | Sold out | 0.00% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -2.8% | 1.44% | −0.02 |
| AZO AutoZone Inc. | Reduce -2.4% | 0.10% | −0.02 |
| OXY Occidental Petroleum Corp. | Reduce -0.7% | 0.06% | −0.02 |
| DOW Dow Inc. | Reduce -1.5% | 0.04% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -2.9% | 0.05% | −0.02 |
| AIG American International Group | Reduce -2.1% | 0.10% | −0.02 |
| GIS General Mills Inc. | Reduce -2.8% | 0.05% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -3.6% | 0.07% | −0.01 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.01 |
| GPN Global Payments Inc. | Reduce -4.5% | 0.03% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +0.3% | 6.38% | +1.50 |
| MSFT Microsoft Corp. | Add +0.1% | 6.33% | +0.99 |
| AVGO Broadcom Inc. | Add +1.1% | 2.19% | +0.72 |
| EFA iShares MSCI Eafe ETF | New | 0.37% | +0.37 |
| META Meta Platforms Inc. Class A | Add +0.2% | 2.78% | +0.36 |
| NFLX Netflix Inc. | Add +0.3% | 0.98% | +0.22 |
| ORCL Oracle Corp. | Add +3.1% | 0.61% | +0.19 |
| PLTR Palantir Technologies Inc. Class A | Add +6.1% | 0.51% | +0.18 |
| AMZN Amazon.com Inc. | Add +1.8% | 3.59% | +0.17 |
| TSLA Tesla Inc. | Add +1.5% | 1.54% | +0.16 |
| COF Capital One Financial Corp. | Add +70.2% | 0.23% | +0.10 |
| GEV GE Vernova Inc. | Add +1.8% | 0.25% | +0.09 |
| AMD Advanced Micro Devices | Add +0.6% | 0.39% | +0.08 |
| HOOD Robinhood Markets Inc. Class A | Add +9.3% | 0.12% | +0.07 |
| FLUT Flutter Entertainment PLC-Di | Add +1257.0% | 0.07% | +0.06 |
| COIN Coinbase Global Inc. Class A | Add +1.6% | 0.12% | +0.06 |
| APH Amphenol Corp. Class A | Add +1.5% | 0.21% | +0.06 |
| CEG Constellation Energy | Add +1.5% | 0.18% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +1.2% | 0.37% | +0.05 |
| NOW ServiceNow Inc. | Add +1.3% | 0.37% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.8% | 0.21% | +0.05 |
| MU Micron Technology Inc. | Add +1.3% | 0.23% | +0.05 |
| INTU Intuit Inc. | Add +1.0% | 0.37% | +0.05 |
| MSTR Strategy Inc. | Add +8.2% | 0.17% | +0.05 |
| DIS The Walt Disney Co. | Add +0.7% | 0.39% | +0.05 |
| SPOT Spotify Technology SA | Add +3.0% | 0.20% | +0.04 |
| UBER Uber Technologies Inc. | Add +0.7% | 0.33% | +0.04 |
| RBLX Roblox Corp. Class A | Add +3.8% | 0.10% | +0.04 |
| VST Vistra Corp. | Add +1.1% | 0.12% | +0.04 |
| RCL Royal Caribbean Cruises Ltd. | Add +2.7% | 0.13% | +0.04 |
| ETN Eaton Corp. PLC | Add +1.1% | 0.24% | +0.04 |
| NET Cloudflare Inc. Class A | Add +1.8% | 0.10% | +0.04 |
| LRCX Lam Research Corp. | Add +0.7% | 0.22% | +0.04 |
| IWB iShares Russell 1000 ETF | New | 0.04% | +0.04 |
| SNOW Snowflake Inc. | Add +1.1% | 0.13% | +0.03 |
| IBM Intl Business Machines Corp. | Add +1.7% | 0.47% | +0.03 |
| AXON Axon Enterprise Inc. | Add +2.8% | 0.11% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +1.3% | 0.08% | +0.03 |
| DASH DoorDash Inc. Class A | Add +3.7% | 0.15% | +0.03 |
| HWM Howmet Aerospace Inc. | Add +0.7% | 0.13% | +0.03 |
| ANET Arista Networks Inc. | Add +1.3% | 0.18% | +0.03 |
| CVNA Carvana Co. | Add +16.1% | 0.07% | +0.03 |
| AU Anglogold Ashanti PLC | New | 0.03% | +0.03 |
| BA The Boeing Co. | Add +1.1% | 0.26% | +0.03 |
| PWR Quanta Services Inc. | Add +1.3% | 0.10% | +0.03 |
| RDDT Reddit Inc. Class A | Add +2521.1% | 0.03% | +0.03 |
| MS Morgan Stanley | Add +1.4% | 0.28% | +0.02 |
| C Citigroup Inc. | Add +1.1% | 0.28% | +0.02 |
| NRG NRG Energy Inc. | Add +0.8% | 0.06% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +2.0% | 0.23% | +0.02 |
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 |