STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| ALPHABET INC | 5,313,203 | 5,166,938 | -146,265 | 1,291,639,649 | 1,617,251,594 | +325,611,945 |
| ALPHABET INC | 4,318,938 | 4,199,734 | -119,204 | 1,051,877,350 | 1,317,876,529 | +265,999,179 |
| ELI LILLY & CO | 733,448 | 711,590 | -21,858 | 559,620,824 | 764,731,541 | +205,110,717 |
| APPLE INC | 13,357,373 | 12,952,636 | -404,737 | 3,401,187,887 | 3,521,303,623 | +120,115,736 |
| MICRON TECHNOLOGY INC | 1,009,271 | 988,162 | -21,109 | 168,871,224 | 282,031,316 | +113,160,092 |
| ADVANCED MICRO DEVICES INC | 1,468,375 | 1,426,841 | -41,534 | 237,568,391 | 305,572,269 | +68,003,878 |
| MERCK & CO INC | 2,291,300 | 2,231,755 | -59,545 | 192,308,809 | 234,914,531 | +42,605,722 |
| AMAZON COM INC | 8,752,850 | 8,502,697 | -250,153 | 1,921,863,275 | 1,962,592,522 | +40,729,247 |
| JOHNSON & JOHNSON | 2,179,531 | 2,132,224 | -47,307 | 404,128,638 | 441,263,757 | +37,135,119 |
| LAM RESEARCH CORP | 1,190,717 | 1,140,083 | -50,634 | 159,437,006 | 195,159,408 | +35,722,402 |
| CATERPILLAR INC | 419,989 | 411,912 | -8,077 | 200,397,751 | 235,972,027 | +35,574,276 |
| INTUITIVE SURGICAL INC | 323,070 | 314,214 | -8,856 | 144,486,596 | 177,958,241 | +33,471,645 |
| APPLIED MATLS INC | 716,407 | 698,516 | -17,891 | 146,677,169 | 179,511,627 | +32,834,458 |
| BROADCOM INC | 4,210,321 | 4,091,467 | -118,854 | 1,389,027,001 | 1,416,056,729 | +27,029,728 |
| THERMO FISHER SCIENTIFIC INC | 344,517 | 334,359 | -10,158 | 167,097,635 | 193,744,323 | +26,646,688 |
| CISCO SYS INC | 3,658,472 | 3,521,932 | -136,540 | 250,312,654 | 271,294,422 | +20,981,768 |
| WALMART INC | 4,014,079 | 3,879,471 | -134,608 | 413,690,982 | 432,211,864 | +18,520,882 |
| AMGEN INC | 485,022 | 473,538 | -11,484 | 136,873,208 | 154,993,723 | +18,120,515 |
| SALESFORCE INC | 849,015 | 826,913 | -22,102 | 201,216,555 | 219,057,523 | +17,840,968 |
| REGENERON PHARMACEUTICALS | 95,966 | 92,736 | -3,230 | 53,958,803 | 71,580,136 | +17,621,333 |
| WARNER BROS DISCOVERY INC | 2,190,381 | 2,075,263 | -115,118 | 42,778,141 | 59,809,080 | +17,030,939 |
| QNITY ELECTRONICS INC | 0 | 204,055 | +204,055 | 0 | 16,661,091 | +16,661,091 |
| CITIGROUP INC | 1,691,229 | 1,610,242 | -80,987 | 171,659,744 | 187,899,139 | +16,239,395 |
| GENERAL MTRS CO | 867,647 | 842,360 | -25,287 | 52,900,438 | 68,500,715 | +15,600,277 |
| MORGAN STANLEY | 1,062,009 | 1,034,738 | -27,271 | 168,816,951 | 183,697,037 | +14,880,086 |
| WELLS FARGO CO NEW | 2,997,038 | 2,854,678 | -142,360 | 251,211,725 | 266,055,990 | +14,844,265 |
| WESTERN DIGITAL CORP | 315,103 | 303,686 | -11,417 | 37,831,266 | 52,315,987 | +14,484,721 |
| SANDISK CORP | 107,114 | 111,494 | +4,380 | 12,018,191 | 26,466,446 | +14,448,255 |
| CAPITAL ONE FINL CORP | 579,921 | 565,341 | -14,580 | 123,279,606 | 137,016,045 | +13,736,439 |
| AMERICAN EXPRESS CO | 497,707 | 483,695 | -14,012 | 165,318,357 | 178,942,965 | +13,624,608 |
| DANAHER CORPORATION | 584,077 | 565,286 | -18,791 | 115,799,106 | 129,405,271 | +13,606,165 |
| GOLDMAN SACHS GROUP INC | 276,482 | 265,602 | -10,880 | 220,176,441 | 233,464,158 | +13,287,717 |
| EXXON MOBIL CORP | 3,956,010 | 3,816,838 | -139,172 | 446,040,128 | 459,318,285 | +13,278,157 |
| FREEPORT-MCMORAN INC | 1,339,319 | 1,288,703 | -50,616 | 52,528,091 | 65,453,225 | +12,925,134 |
| BRISTOL-MYERS SQUIBB CO | 1,873,791 | 1,800,164 | -73,627 | 84,507,974 | 97,100,846 | +12,592,872 |
| KLA CORP | 121,702 | 118,274 | -3,428 | 131,267,777 | 143,712,372 | +12,444,595 |
| RTX CORPORATION | 1,234,330 | 1,193,672 | -40,658 | 206,540,439 | 218,919,445 | +12,379,006 |
| NEWMONT CORP | 1,026,917 | 990,966 | -35,951 | 86,579,372 | 98,947,955 | +12,368,583 |
| INSMED INC | 135,020 | 180,295 | +45,275 | 19,444,230 | 31,378,542 | +11,934,312 |
| LUMENTUM HLDGS INC | 63,852 | 60,191 | -3,661 | 10,389,359 | 22,185,801 | +11,796,442 |
| PARKER-HANNIFIN CORP | 117,263 | 114,537 | -2,726 | 88,902,943 | 100,673,442 | +11,770,499 |
| ROCKET COS INC | 162,848 | 765,048 | +602,200 | 3,155,994 | 14,811,329 | +11,655,335 |
| CIENA CORP | 126,470 | 128,069 | +1,599 | 18,422,885 | 29,951,497 | +11,528,612 |
| VERTEX PHARMACEUTICALS INC | 233,612 | 226,000 | -7,612 | 91,491,804 | 102,459,360 | +10,967,556 |
| COHERENT CORP | 115,130 | 126,120 | +10,990 | 12,401,804 | 23,277,968 | +10,876,164 |
| UNITED PARCEL SERVICE INC | 652,084 | 645,794 | -6,290 | 54,468,577 | 64,056,307 | +9,587,730 |
| CARDINAL HEALTH INC | 227,192 | 219,521 | -7,671 | 35,660,056 | 45,111,566 | +9,451,510 |
| CUMMINS INC | 126,663 | 123,191 | -3,472 | 53,498,651 | 62,882,846 | +9,384,195 |
| INTEL CORP | 3,994,375 | 3,885,885 | -108,490 | 134,011,281 | 143,389,157 | +9,377,876 |
| FEDEX CORP | 186,954 | 184,954 | -2,000 | 44,085,623 | 53,425,812 | +9,340,189 |
| OMNICOM GROUP INC | 148,694 | 264,983 | +116,289 | 12,123,022 | 21,397,377 | +9,274,355 |
| ACCENTURE PLC IRELAND | 565,536 | 553,744 | -11,792 | 139,461,178 | 148,569,515 | +9,108,337 |
| MARRIOTT INTL INC NEW | 206,950 | 201,450 | -5,500 | 53,898,058 | 62,497,848 | +8,599,790 |
| PROLOGIS INC. | 842,067 | 822,082 | -19,985 | 96,433,513 | 104,946,988 | +8,513,475 |
| ANALOG DEVICES INC | 443,840 | 433,295 | -10,545 | 109,051,488 | 117,509,604 | +8,458,116 |
| GILEAD SCIENCES INC | 1,138,247 | 1,095,139 | -43,108 | 126,345,417 | 134,417,361 | +8,071,944 |
| ROCKET LAB CORP | 342,728 | 350,348 | +7,620 | 16,420,098 | 24,440,276 | +8,020,178 |
| CHUBB LIMITED | 334,156 | 327,796 | -6,360 | 94,315,531 | 102,311,688 | +7,996,157 |
| FLEX LTD | 130,549 | 257,484 | +126,935 | 7,567,926 | 15,557,183 | +7,989,257 |
| MONGODB INC | 70,972 | 71,090 | +118 | 22,028,289 | 29,835,762 | +7,807,473 |
| BANK AMERICA CORP | 6,248,237 | 5,999,043 | -249,194 | 322,346,547 | 329,947,365 | +7,600,818 |
| NATERA INC | 118,231 | 115,674 | -2,557 | 19,031,644 | 26,499,757 | +7,468,113 |
| ANGLOGOLD ASHANTI PLC | 370,785 | 390,775 | +19,990 | 26,077,309 | 33,325,292 | +7,247,983 |
| TERADYNE INC | 147,408 | 141,918 | -5,490 | 20,289,237 | 27,469,648 | +7,180,411 |
| EXACT SCIENCES CORP | 164,304 | 157,460 | -6,844 | 8,989,072 | 15,991,638 | +7,002,566 |
| AMPHENOL CORP NEW | 1,107,672 | 1,063,500 | -44,172 | 137,074,410 | 143,721,390 | +6,646,980 |
| AST SPACEMOBILE INC | 134,958 | 181,158 | +46,200 | 6,623,739 | 13,157,506 | +6,533,767 |
| SOLSTICE ADVANCED MATLS INC | 0 | 133,294 | +133,294 | 0 | 6,475,423 | +6,475,423 |
| DELTA AIR LINES INC DEL | 551,947 | 544,087 | -7,860 | 31,322,992 | 37,759,638 | +6,436,646 |
| REVOLUTION MEDICINES INC | 85,576 | 130,936 | +45,360 | 3,996,399 | 10,429,052 | +6,432,653 |
| INTERNATIONAL BUSINESS MACHS | 841,879 | 823,403 | -18,476 | 237,544,579 | 243,900,203 | +6,355,624 |
| WELLTOWER INC | 581,633 | 591,681 | +10,048 | 103,612,103 | 109,821,910 | +6,209,807 |
| EXPEDIA GROUP INC | 110,306 | 104,965 | -5,341 | 23,577,908 | 29,737,634 | +6,159,726 |
| ALBEMARLE CORP | 112,905 | 107,795 | -5,110 | 9,154,337 | 15,246,525 | +6,092,188 |
| S&P GLOBAL INC | 282,571 | 274,761 | -7,810 | 137,530,131 | 143,587,351 | +6,057,220 |
| DOLLAR GEN CORP NEW | 201,177 | 201,177 | 0 | 20,791,643 | 26,710,270 | +5,918,627 |
| ROSS STORES INC | 290,527 | 278,619 | -11,908 | 44,273,410 | 50,190,427 | +5,917,017 |
| RESTAURANT BRANDS INTL INC | 115,797 | 191,887 | +76,090 | 7,427,220 | 13,092,450 | +5,665,230 |
| NUCOR CORP | 224,841 | 218,849 | -5,992 | 30,450,217 | 35,696,460 | +5,246,243 |
| TWILIO INC | 140,123 | 133,122 | -7,001 | 14,024,911 | 18,935,273 | +4,910,362 |
| ILLUMINA INC | 155,732 | 150,026 | -5,706 | 14,789,868 | 19,677,410 | +4,887,542 |
| DOLLAR TREE INC | 192,912 | 185,704 | -7,208 | 18,205,105 | 22,843,449 | +4,638,344 |
| CARVANA CO | 119,961 | 118,102 | -1,859 | 45,254,088 | 49,841,406 | +4,587,318 |
| HUNT J B TRANS SVCS INC | 72,469 | 72,469 | 0 | 9,723,166 | 14,083,625 | +4,360,459 |
| COMFORT SYS USA INC | 33,315 | 34,043 | +728 | 27,490,872 | 31,771,991 | +4,281,119 |
| NEXTERA ENERGY INC | 1,893,963 | 1,833,849 | -60,114 | 142,975,267 | 147,221,398 | +4,246,131 |
| CONSTELLATION ENERGY CORP | 288,565 | 280,503 | -8,062 | 94,958,085 | 99,093,295 | +4,135,210 |
| GE VERNOVA INC | 251,483 | 242,893 | -8,590 | 154,636,897 | 158,747,578 | +4,110,681 |
| LIBERTY LIVE HOLDINGS INC | 0 | 48,777 | +48,777 | 0 | 4,056,295 | +4,056,295 |
| COGNIZANT TECHNOLOGY SOLUTIO | 460,361 | 419,410 | -40,951 | 30,876,412 | 34,811,030 | +3,934,618 |
| KRYSTAL BIOTECH INC | 0 | 15,756 | +15,756 | 0 | 3,884,484 | +3,884,484 |
| IQVIA HLDGS INC | 154,104 | 146,928 | -7,176 | 29,270,514 | 33,119,040 | +3,848,526 |
| KEURIG DR PEPPER INC | 995,163 | 1,043,593 | +48,430 | 25,386,608 | 29,231,040 | +3,844,432 |
| ATI INC | 94,595 | 100,200 | +5,605 | 7,694,357 | 11,498,952 | +3,804,595 |
| AMERIS BANCORP | 0 | 50,607 | +50,607 | 0 | 3,758,582 | +3,758,582 |
| BIOGEN INC | 131,389 | 125,750 | -5,639 | 18,404,971 | 22,130,743 | +3,725,772 |
| UNITED AIRLS HLDGS INC | 274,795 | 270,385 | -4,410 | 26,517,718 | 30,234,451 | +3,716,733 |
| HILTON WORLDWIDE HLDGS INC | 213,243 | 205,281 | -7,962 | 55,323,764 | 58,966,967 | +3,643,203 |
| ALCOA CORP | 179,171 | 179,171 | 0 | 5,892,934 | 9,521,147 | +3,628,213 |
| RIVIAN AUTOMOTIVE INC | 714,847 | 715,127 | +280 | 10,493,954 | 14,095,153 | +3,601,199 |