§ 13F · FUND PROFILE
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM.
Florida state pension fund
AUM · $57.2B (13F)Positions · 2084Turnover · 44% · Q1Filed · May 8, 2026
CONCENTRATION
33%
Top 10 holdings
NEW BUYS
+59
+$70M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-2pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 8, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 20.59M | $3.6B | 6.7% | −1% |
| 2 | AAPL | APPLE INC | 12.70M | $3.2B | 6.0% | −2% |
| 3 | MSFT | MICROSOFT CORP | 6.49M | $2.4B | 4.5% | −1% |
| 4 | AMZN | AMAZON COM INC | 8.42M | $1.8B | 3.3% | −1% |
| 5 | GOOGL | ALPHABET INC | 5.11M | $1.5B | 2.8% | −1% |
| 6 | AVGO | BROADCOM INC | 4.05M | $1.3B | 2.3% | −1% |
| 7 | GOOG | ALPHABET INC | 4.15M | $1.2B | 2.2% | −1% |
| 8 | META | META PLATFORMS INC | 1.92M | $1.1B | 2.1% | −1% |
| 9 | TSLA | TESLA INC | 2.48M | $921M | 1.7% | −1% |
| 10 | BRK/B | BERKSHIRE HATHAWAY INC DEL | 1.59M | $760M | 1.4% | −1% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other47.3% (+3pp)
Technology15.6% (−2pp)
Semiconductors13.3% (±0)
Media8.8% (±0)
Retail7.3% (±0)
Financial Services5.8% (−1pp)
§ 03 · THE STATE SIGNAL
AC read
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM is a Income / Defensive fund managing $57.2 billion in assets. The fund runs a massive portfolio of 2,084 positions, broad diversification across holdings, with the top 10 accounting for 33%. Trading activity is aggressive at 44% quarterly turnover, with 59 new positions and 0 exits last quarter. Top sector allocations: Other (47%), Technology (16%), Semiconductors (13%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+59 buys · −0 exits · 843 changed
Q4 2025
Busy quarter
+44 buys · −0 exits · 965 changed
Q3 2025
Busy quarter
+53 buys · −0 exits · 1337 changed
Q2 2025
Busy quarter
+60 buys · −0 exits · 1189 changed