§ 13F · FUND PROFILE
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM.
Florida state pension fund
AUM · $56350.6T (13F)Positions · 2147Turnover · 49% · Q4Filed · Feb 12, 2026
CONCENTRATION
36%
Top 10 holdings
NEW BUYS
+44
+$46.9T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → SEMICONDUCTORS
-1pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 20.83M | $3884.3T | 6.9% | −3% |
| 2 | AAPL | APPLE INC | 12.95M | $3521.3T | 6.2% | −3% |
| 3 | MSFT | MICROSOFT CORP | 6.56M | $3172.8T | 5.6% | −3% |
| 4 | AMZN | AMAZON COM INC | 8.50M | $1962.6T | 3.5% | −3% |
| 5 | GOOGL | ALPHABET INC | 5.17M | $1617.3T | 2.9% | −3% |
| 6 | AVGO | BROADCOM INC | 4.09M | $1416.1T | 2.5% | −3% |
| 7 | GOOG | ALPHABET INC | 4.20M | $1317.9T | 2.3% | −3% |
| 8 | META | META PLATFORMS INC | 1.94M | $1279.7T | 2.3% | −3% |
| 9 | TSLA | TESLA INC | 2.50M | $1126.4T | 2.0% | −3% |
| 10 | BRK/B | BERKSHIRE HATHAWAY INC DEL | 1.61M | $809.0T | 1.4% | −3% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other44.5% (±0)
Technology17.8% (−1pp)
Semiconductors13.0% (±0)
Media9.3% (±0)
Retail7.1% (±0)
Financial Services6.5% (±0)
§ 03 · THE STATE SIGNAL
AC read
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM is a Income / Defensive fund managing $56350624.7 trillion in assets. The fund runs a massive portfolio of 2,147 positions, broad diversification across holdings, with the top 10 accounting for 36%. Trading activity is aggressive at 49% quarterly turnover, with 44 new positions and 0 exits last quarter. Top sector allocations: Other (45%), Technology (18%), Semiconductors (13%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+44 buys · −0 exits · 965 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed