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STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM Portfolio Analytics

Investment Analysis & Holdings Breakdown

Comprehensive portfolio analytics for STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM with $57.2B in long positions as of Q3 2025, 34% allocated to Technology, and 35% concentrated in top 10 positions.

Portfolio Value
$57.2B
Top 10 Concentration
35%
Top Sector
Technology (34%)
US Exposure
97%
Market Cap Focus
Mega Cap
Countries
24

Composition Analysis

Portfolio breakdown by sector, industry, and market capitalization

Sector Allocation

Technology: 33.90%TechnologyFinancial Services: 13.00%Financial ServicesConsumer Cyclical: 10.60%Consumer CyclicalCommunication Services: 9.70%Communication ServicesHealthcare: 9.00%HealthcareIndustrials: 8.40%Consumer Defensive: 4.70%Energy: 3.00%Utilities: 2.50%Real Estate: 2.20%Basic Materials: 1.90%ETF: 0.50%
Technology
33.90%
Financial Services
13.00%
Consumer Cyclical
10.60%
Communication Services
9.70%
Healthcare
9.00%
Industrials
8.40%
Consumer Defensive
4.70%
Energy
3.00%
Utilities
2.50%
Real Estate
2.20%
Basic Materials
1.90%
ETF
0.50%

Industry Breakdown

135 industries across all sectors

Semiconductors: 12.39%SemiconductorsSoftware - Infrastructure: 9.23%Software - InfrastructureInternet Content & Information: 7.14%Consumer Electronics: 5.95%Specialty Retail: 4.19%Drug Manufacturers - General: 3.56%Software - Application: 2.99%Banks - Diversified: 2.80%Financial - Credit Services: 2.43%Auto - Manufacturers: 2.19%Aerospace & Defense: 2.11%Insurance - Diversified: 1.73%Regulated Electric: 1.63%Discount Stores: 1.55%Industrial - Machinery: 1.54%Entertainment: 1.44%Medical - Devices: 1.29%Oil & Gas Integrated: 1.27%Financial - Capital Markets: 1.23%Asset Management: 1.15%Telecommunications Services: 1.06%Information Technology Services: 1.04%Medical - Diagnostics & Research: 1.00%Medical - Healthcare Plans: 0.99%Banks - Regional: 0.94%Chemicals - Specialty: 0.94%Household & Personal Products: 0.91%Home Improvement: 0.88%Beverages - Non-Alcoholic: 0.87%Financial - Data & Stock Exchanges: 0.87%Insurance - Property & Casualty: 0.83%Restaurants: 0.79%Communication Equipment: 0.74%102 more: 19.98%102 more
Semiconductors
Technology
12.39%
Software - Infrastructure
Technology
9.23%
Internet Content & Information
Communication Services
7.14%
Consumer Electronics
Technology
5.95%
Specialty Retail
Consumer Cyclical
4.19%
Drug Manufacturers - General
Healthcare
3.56%
Software - Application
Technology
2.99%
Banks - Diversified
Financial Services
2.80%
Financial - Credit Services
Financial Services
2.43%
Auto - Manufacturers
Consumer Cyclical
2.19%
Aerospace & Defense
Industrials
2.11%
Insurance - Diversified
Financial Services
1.73%

Filter by Sector

Select a sector to filter industries

Market Cap Distribution

Mega Cap (> $200B): 55.36%Mega Cap (> $200B)Large Cap ($10B - $200B): 39.73%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 3.51%Small Cap ($300M - $2B): 0.42%Micro Cap ($50M - $300M): 0.01%Nano Cap (< $50M): 0.33%N/A (ETF or Unknown): 0.64%
Mega Cap (> $200B)
55.36%
Large Cap ($10B - $200B)
39.73%
Mid Cap ($2B - $10B)
3.51%
Small Cap ($300M - $2B)
0.42%
Micro Cap ($50M - $300M)
0.01%
Nano Cap (< $50M)
0.33%
N/A (ETF or Unknown)
0.64%

Portfolio Concentration

Top 10 Holdings %
34.95%
Top 20 Holdings %
43.42%
Top 50 Holdings %
55.94%
Top 100 Holdings %
67.66%

Geographic Exposure

Portfolio breakdown by country of incorporation

Domestic (US)
97.01%
International
2.99%
Countries
24
Largest Int'l Market
Ireland - 1.35%
United States of America
97.01% ($55.5B)
1,965 holdings
Ireland
1.35% ($773.5M)
21 holdings
United Kingdom
0.60% ($341.0M)
17 holdings
Switzerland
0.28% ($157.5M)
6 holdings
Luxembourg
0.18% ($102.6M)
5 holdings
Bermuda
0.16% ($93.9M)
23 holdings
Canada
0.11% ($61.8M)
14 holdings
Brazil
0.09% ($50.6M)
3 holdings
Korea (the Republic of)
0.06% ($34.2M)
1 holdings
South Africa
0.05% ($26.1M)
1 holdings
Australia
0.04% ($23.9M)
1 holdings
Netherlands
0.02% ($13.5M)
3 holdings

Holding Behavior

Investment patterns and position management analysis

Portfolio Stability & Commitment

Avg. Top 10
46 quarters
Avg. Top 20
47.5 quarters
Avg. All Positions
34.3 quarters
Median Holding Period
49 quarters
Persistence Rate
93.44%
Persistent Holdings Weight
98.9%
Persistent Positions
1,951
Longest Held
Arch Capital Group Ltd logo
Arch Capital Group LtdACGL - 49 quarters

Position Sizing & Influence

Current Quarter

Avg. New Position
0.001%
Avg. Position Weight
0.05%
Largest Position
Nvidia Corp logo
Nvidia CorpNVDA - 6.99%
Largest Ownership Stake
Tile Shop Holdings, Inc. logo
Tile Shop Holdings, Inc.TTSH - 0.64%
Avg. Ownership Stake
0.08%
Ownership Stake >5%
0
Ownership Stake >1%
0

Historical (Since Q2 2013)

Avg. New Position
0.04%
Avg. Ownership Stake
0.12%
Largest Position
Nvidia Corp logo
Nvidia CorpNVDA - 6.99% (Q3 2025)
Largest Ownership Stake
Nabors Industries Ltd. logo
Nabors Industries Ltd.NBR - 7.10% (Q1 2019)

Portfolio Turnover

Current Quarter

Turnover Ratio
3.5%
Value Traded
$2.02B
Positions Added
23
Positions Exited
115

Historical (Since Q2 2013)

Avg. Turnover Ratio
3.3%
Avg. Positions Added
90
Avg. Positions Exited
75
Highest Turnover
9.4%
Q2 2024
Lowest Turnover
0.6%
Q1 2025

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