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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
PEGA icon
876
Pegasystems
PEGA
$4.94B
$1.56M 0.01%
26,084
-1,760
-6% -$103K
SITE icon
877
SiteOne Landscape Supply
SITE
$4.15B
$1.56M 0.01%
12,503
-756
-6% -$95.7K
TXNM
878
TXNM Energy Inc
TXNM
$6.42B
$1.56M 0.01%
26,424
-1,640
-6% -$94.7K
HRB icon
879
H&R Block
HRB
$5.61B
$1.55M 0.01%
35,655
-3,961
-10% -$185K
WFRD icon
880
Weatherford International
WFRD
$6.07B
$1.55M 0.01%
19,852
-1,579
-7% -$115K
HLNE icon
881
Hamilton Lane
HLNE
$3.89B
$1.55M 0.01%
11,564
-53
-0.5% -$6.67K
TKR icon
882
Timken Company
TKR
$9.46B
$1.55M 0.01%
18,413
-1,254
-6% -$99.8K
NEU icon
883
NewMarket
NEU
$7.97B
$1.54M 0.01%
2,247
-127
-5% -$97K
MORN icon
884
Morningstar
MORN
$7.34B
$1.54M 0.01%
7,090
-1,026
-13% -$222K
GTES icon
885
Gates Industrial Corporation Ltd.
GTES
$6.53B
$1.54M 0.01%
71,738
-4,539
-6% -$105K
FCN icon
886
FTI Consulting
FCN
$4.95B
$1.54M 0.01%
9,003
-1,143
-11% -$188K
LW icon
887
Lamb Weston
LW
$7.36B
$1.54M 0.01%
36,673
-2,996
-8% -$176K
MIR icon
888
Mirion Technologies
MIR
$3.7B
$1.53M 0.01%
65,478
+2,071
+3% +$51.6K
ENS icon
889
EnerSys
ENS
$6.74B
$1.53M 0.01%
10,426
-995
-9% -$133K
CVLT icon
890
Commault Systems
CVLT
$4.82B
$1.53M 0.01%
12,196
-961
-7% -$135K
PTCT icon
891
PTC Therapeutics
PTCT
$6.26B
$1.52M 0.01%
20,046
-1,055
-5% -$76.7K
VNT icon
892
Vontier
VNT
$4.49B
$1.52M 0.01%
40,890
-2,875
-7% -$110K
TEM
893
Tempus AI
TEM
$7.97B
$1.52M 0.01%
25,731
-1,594
-6% -$125K
VNO icon
894
Vornado Realty Trust
VNO
$7.55B
$1.52M 0.01%
45,639
-2,640
-5% -$96.5K
DOCS icon
895
Doximity
DOCS
$3.82B
$1.52M 0.01%
34,258
-2,203
-6% -$124K
UBSI icon
896
United Bankshares
UBSI
$6.62B
$1.52M 0.01%
39,480
-2,547
-6% -$94.9K
PCVX icon
897
Vaxcyte
PCVX
$8.08B
$1.51M 0.01%
32,800
-1,533
-4% -$68.6K
SLM icon
898
SLM Corp
SLM
$4.86B
$1.51M 0.01%
55,883
-3,092
-5% -$84.8K
CPB icon
899
Campbell Soup
CPB
$6.58B
$1.51M 0.01%
54,236
-3,107
-5% -$93.4K
HWC icon
900
Hancock Whitney
HWC
$6.14B
$1.51M 0.01%
23,709
-1,625
-6% -$98.7K
34 35
36
37 38

Similar funds

CM
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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
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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.