We are live on ! Find out more
ASRS

Arizona State Retirement System Portfolio holdings

AUM $17.1B
1-Year Est. Return 30.52%
This Fund
S&P 500
This Quarter Est. Return
+4.14%
1 Year Est. Return
+30.52%
3 Year Est. Return
+106.18%
5 Year Est. Return
+143.14%
10 Year Est. Return
+524.74%
AUM
$18.4B
AUM Growth
-$381M
Cap. Flow
-$771M
Cap. Flow %
-4.2%
Top 10 Hldgs %
34.89%
Holding
2,130
New
49
Increased
153
Reduced
1,846
Closed
82

Top Buys

Rank Stock Value
1
AMRZ
Amrize Ltd
AMRZ
+$6.97M
2
Q
Qnity Electronics Inc
Q
+$4.89M
3
CRWV
CoreWeave
CRWV
+$4.87M
4
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$4.61M
5
RKT icon
Rocket Companies
RKT
+$4.58M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$44.9M
2
NVDA icon
NVIDIA
NVDA
+$40.9M
3
MSFT icon
Microsoft
MSFT
+$34.3M
4
TSLA icon
Tesla
TSLA
+$22.7M
5
AMZN icon
Amazon
AMZN
+$18.8M

Sector Composition

Rank Sector Weight
1 Technology 33.37%
2 Financials 13.17%
3 Consumer Discretionary 10.67%
4 Communication Services 10.25%
5 Healthcare 10.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GAP
826
The Gap Inc
GAP
$7.34B
$1.72M 0.01%
67,251
-4,506
-6% -$109K
APLD icon
827
Applied Digital
APLD
$8.05B
$1.71M 0.01%
69,859
+10,174
+17% +$293K
FROG icon
828
JFrog
FROG
$9.5B
$1.71M 0.01%
27,375
-1,393
-5% -$79.2K
FNB icon
829
FNB Corp
FNB
$6.76B
$1.71M 0.01%
99,960
-6,511
-6% -$106K
LEA icon
830
Lear
LEA
$7.33B
$1.7M 0.01%
14,877
-943
-6% -$101K
CWST icon
831
Casella Waste Systems
CWST
$5.69B
$1.7M 0.01%
17,399
-1,077
-6% -$100K
KD icon
832
Kyndryl
KD
$2.98B
$1.7M 0.01%
64,074
-4,407
-6% -$119K
SEE
833
DELISTED
Sealed Air
SEE
$1.7M 0.01%
40,966
-2,548
-6% -$98.6K
CRUS icon
834
Cirrus Logic
CRUS
$6.65B
$1.69M 0.01%
14,293
-877
-6% -$108K
TRNO icon
835
Terreno Realty
TRNO
$7.65B
$1.69M 0.01%
28,787
-1,787
-6% -$108K
RYTM icon
836
Rhythm Pharmaceuticals
RYTM
$7.25B
$1.69M 0.01%
15,762
+148
+0.9% +$15.7K
PRAX icon
837
Praxis Precision Medicines
PRAX
$8.58B
$1.69M 0.01%
5,723
+306
+6% +$57K
BSY icon
838
Bentley Systems
BSY
$10.7B
$1.68M 0.01%
44,086
-3,257
-7% -$148K
CGNX icon
839
Cognex
CGNX
$10.4B
$1.68M 0.01%
46,754
-2,897
-6% -$117K
PIPR icon
840
Piper Sandler
PIPR
$5.15B
$1.68M 0.01%
19,772
-1,244
-6% -$105K
VFC icon
841
VF Corp
VFC
$5.87B
$1.68M 0.01%
92,824
-5,207
-5% -$84.4K
FBIN icon
842
Fortune Brands Innovations
FBIN
$5.88B
$1.67M 0.01%
33,457
-2,130
-6% -$107K
IBP icon
843
Installed Building Products
IBP
$6.07B
$1.67M 0.01%
6,448
-497
-7% -$129K
GXO icon
844
GXO Logistics
GXO
$5.8B
$1.67M 0.01%
31,751
-2,107
-6% -$111K
MASI
845
DELISTED
Masimo
MASI
$1.67M 0.01%
12,818
-791
-6% -$113K
MSA icon
846
Mine Safety
MSA
$6.73B
$1.66M 0.01%
10,373
-676
-6% -$110K
HXL icon
847
Hexcel
HXL
$7.76B
$1.66M 0.01%
22,443
-1,351
-6% -$95.5K
ULS icon
848
UL Solutions
ULS
$18.6B
$1.66M 0.01%
20,987
+2,532
+14% +$203K
ANF icon
849
Abercrombie & Fitch
ANF
$4.45B
$1.65M 0.01%
13,134
-965
-7% -$84.4K
M icon
850
Macy's
M
$6.56B
$1.65M 0.01%
74,747
-5,605
-7% -$115K
32 33
34
35 36

Similar funds

CM
Caption Management Oklahoma City, Oklahoma $17.1B AUM 70.99% 1-Year Est. Return
PP
Prudential plc London, England, United Kingdom $17.1B AUM 15.7% 1-Year Est. Return
VMPIC
Varma Mutual Pension Insurance Co Helsinki, Finland $17B AUM 24.09% 1-Year Est. Return
BCIM
British Columbia Investment Management Victoria, British Columbia, Canada $17B AUM 31.69% 1-Year Est. Return
BBA
Baker Bros. Advisors New York $17.4B AUM 131.5% 1-Year Est. Return
Macquarie Group
Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return
AIMCA
Alberta Investment Management Corp (AIMCo) Edmonton, Alberta, Canada $16.7B AUM 23.27% 1-Year Est. Return
FCM
Farallon Capital Management San Francisco, California $17.5B AUM 50.95% 1-Year Est. Return

Arizona State Retirement System's Q4 2025 Portfolio in Review

As of Q4 2025, Arizona State Retirement System held 2,130 positions worth $18.4B, down 2% from $18.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Arizona State Retirement System withdrew a net $771M in Q4 2025, closing 82 positions and reducing 1,846 holdings. Its most notable exit was Kellanova, an estimated $6.72M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 34% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Arizona State Retirement System opened a new position in Amrize Ltd worth $7.39M.

  • Arizona State Retirement System's largest Q4 2025 buy was Amrize Ltd: 136,647 shares worth $7.39M.
  • Arizona State Retirement System added most to Omnicom Group in Q4 2025, an estimated $2.3M increase.
  • Arizona State Retirement System's biggest Q4 2025 reduction was Apple, cutting an estimated $44.9M.
  • Arizona State Retirement System fully exited Kellanova in Q4 2025, selling an estimated $6.72M.
  • Arizona State Retirement System's ten largest holdings make up 35% of its $18.4B portfolio in Q4 2025.
  • Arizona State Retirement System opened 49 new positions and closed 82 in Q4 2025.
  • Arizona State Retirement System's portfolio value fell 2% quarter-over-quarter to $18.4B.

Based on Arizona State Retirement System's 13F filing for Q4 2025, filed 28 Jan 2026.