Filed: 11/14/2025ACC: 0000938076-25-000018
📋 What this filing means
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM filed this quarterly 13F‑HR report disclosing 2084 equity positions with a total reported market value of $57.16B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
2084
Positions
$57.16B
Total AUM (reported)
434.81M
Total Shares
Allocation by class
COM$44.05B77.1%
CL A$3.91B6.8%
COM NEW$1.70B3.0%
CAP STK CL A$1.29B2.3%
COM CL A$1.16B2.0%
CAP STK CL C$1.05B1.8%
SHS$952.20M1.7%
Portfolio Concentration
Top 3$10.90B19.1%
4–10$9.09B15.9%
11–25$6.60B11.5%
Rest$30.57B53.5%
Top 3 weight
19.1%
Top 10 weight
35.0%
Voting Authority Distribution
Total shares with voting rights: 434.81M
Sole
Full voting authority
434.81M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole2084
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings2084
Rows:
NVIDIA CORPORATION
SOLEShares21.42M
TypeSH
Market value$4.00B
6.99%
Sole
21.42M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares6.75M
TypeSH
Market value$3.50B
6.12%
Sole
6.75M
Shared
0.00
None
0.00
APPLE INC
SOLEShares13.36M
TypeSH
Market value$3.40B
5.95%
Sole
13.36M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares8.75M
TypeSH
Market value$1.92B
3.36%
Sole
8.75M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares1.99M
TypeSH
Market value$1.46B
2.56%
Sole
1.99M
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares4.21M
TypeSH
Market value$1.39B
2.43%
Sole
4.21M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares5.31M
TypeSH
Market value$1.29B
2.26%
Sole
5.31M
Shared
0.00
None
0.00
TESLA INC
SOLEShares2.57M
TypeSH
Market value$1.14B
2.00%
Sole
2.57M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares4.32M
TypeSH
Market value$1.05B
1.84%
Sole
4.32M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares1.65M
TypeSH
Market value$830.05M
1.45%
Sole
1.65M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares2.53M
TypeSH
Market value$799.57M
1.40%
Sole
2.53M
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares733.45K
TypeSH
Market value$559.62M
0.98%
Sole
733.45K
Shared
0.00
None
0.00
VISA INC
SOLEShares1.55M
TypeSH
Market value$530.06M
0.93%
Sole
1.55M
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares388.30K
TypeSH
Market value$465.54M
0.81%
Sole
388.30K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares3.96M
TypeSH
Market value$446.04M
0.78%
Sole
3.96M
Shared
0.00
None
0.00
ORACLE CORP
SOLEShares1.51M
TypeSH
Market value$425.58M
0.74%
Sole
1.51M
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares745.08K
TypeSH
Market value$423.81M
0.74%
Sole
745.08K
Shared
0.00
None
0.00
WALMART INC
SOLEShares4.01M
TypeSH
Market value$413.69M
0.72%
Sole
4.01M
Shared
0.00
None
0.00
JOHNSON & JOHNSON
SOLEShares2.18M
TypeSH
Market value$404.13M
0.71%
Sole
2.18M
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares405.70K
TypeSH
Market value$375.53M
0.66%
Sole
405.70K
Shared
0.00
None
0.00
ABBVIE INC
SOLEShares1.62M
TypeSH
Market value$374.59M
0.66%
Sole
1.62M
Shared
0.00
None
0.00
PALANTIR TECHNOLOGIES INC
SOLEShares2M
TypeSH
Market value$365.13M
0.64%
Sole
2M
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares900.61K
TypeSH
Market value$364.92M
0.64%
Sole
900.61K
Shared
0.00
None
0.00
PROCTER AND GAMBLE CO
SOLEShares2.12M
TypeSH
Market value$325.63M
0.57%
Sole
2.12M
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares6.25M
TypeSH
Market value$322.35M
0.56%
Sole
6.25M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 21.42M | SH | $4.00B 6.99% | 21.42M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 6.75M | SH | $3.50B 6.12% | 6.75M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 13.36M | SH | $3.40B 5.95% | 13.36M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 8.75M | SH | $1.92B 3.36% | 8.75M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 1.99M | SH | $1.46B 2.56% | 1.99M | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 4.21M | SH | $1.39B 2.43% | 4.21M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 5.31M | SH | $1.29B 2.26% | 5.31M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 2.57M | SH | $1.14B 2.00% | 2.57M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 4.32M | SH | $1.05B 1.84% | 4.32M | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 1.65M | SH | $830.05M 1.45% | 1.65M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 2.53M | SH | $799.57M 1.40% | 2.53M | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 733.45K | SH | $559.62M 0.98% | 733.45K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 1.55M | SH | $530.06M 0.93% | 1.55M | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 388.30K | SH | $465.54M 0.81% | 388.30K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 3.96M | SH | $446.04M 0.78% | 3.96M | 0.00 | 0.00 |
ORACLE CORPSOLE | COM | 1.51M | SH | $425.58M 0.74% | 1.51M | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 745.08K | SH | $423.81M 0.74% | 745.08K | 0.00 | 0.00 |
WALMART INCSOLE | COM | 4.01M | SH | $413.69M 0.72% | 4.01M | 0.00 | 0.00 |
JOHNSON & JOHNSONSOLE | COM | 2.18M | SH | $404.13M 0.71% | 2.18M | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 405.70K | SH | $375.53M 0.66% | 405.70K | 0.00 | 0.00 |
ABBVIE INCSOLE | COM | 1.62M | SH | $374.59M 0.66% | 1.62M | 0.00 | 0.00 |
PALANTIR TECHNOLOGIES INCSOLE | CL A | 2M | SH | $365.13M 0.64% | 2M | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 900.61K | SH | $364.92M 0.64% | 900.61K | 0.00 | 0.00 |
PROCTER AND GAMBLE COSOLE | COM | 2.12M | SH | $325.63M 0.57% | 2.12M | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 6.25M | SH | $322.35M 0.56% | 6.25M | 0.00 | 0.00 |
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