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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
OPEN icon
926
Opendoor
OPEN
$3.58B
$1.42M 0.01%
243,646
+42,991
+21% +$308K
GNTX icon
927
Gentex
GNTX
$4.95B
$1.42M 0.01%
61,035
-5,484
-8% -$132K
ESE icon
928
ESCO Technologies
ESE
$8.08B
$1.42M 0.01%
7,252
-390
-5% -$82.2K
BKH icon
929
Black Hills Corp
BKH
$5.45B
$1.41M 0.01%
20,372
-1,084
-5% -$73.1K
GVA icon
930
Granite Construction
GVA
$5.28B
$1.41M 0.01%
12,242
-700
-5% -$75.2K
LPX icon
931
Louisiana-Pacific
LPX
$4.98B
$1.41M 0.01%
17,484
-1,049
-6% -$88.6K
SIGI icon
932
Selective Insurance
SIGI
$5.65B
$1.41M 0.01%
16,866
-1,099
-6% -$88.2K
GTLB icon
933
GitLab
GTLB
$5.76B
$1.41M 0.01%
37,463
-1,448
-4% -$62.7K
APPF icon
934
AppFolio
APPF
$6.28B
$1.4M 0.01%
6,039
-418
-6% -$99.3K
AUB icon
935
Atlantic Union Bankshares
AUB
$5.97B
$1.4M 0.01%
39,781
-2,377
-6% -$81.7K
BRKR icon
936
Bruker
BRKR
$9.45B
$1.4M 0.01%
29,727
-1,642
-5% -$69.4K
BCPC
937
Balchem Corp
BCPC
$5.24B
$1.39M 0.01%
9,066
-583
-6% -$89K
LIF
938
Life360
LIF
$4.33B
$1.39M 0.01%
21,662
+144
+0.7% +$12K
MTDR icon
939
Matador Resources
MTDR
$6.01B
$1.39M 0.01%
32,667
-2,529
-7% -$106K
UHAL.B icon
940
U-Haul Holding Co Series N
UHAL.B
$12.2B
$1.39M 0.01%
29,654
+855
+3% +$41.6K
LSTR icon
941
Landstar System
LSTR
$5.79B
$1.39M 0.01%
9,639
-691
-7% -$92.1K
ACIW icon
942
ACI Worldwide
ACIW
$5.77B
$1.38M 0.01%
28,769
-2,259
-7% -$110K
SWX icon
943
Southwest Gas
SWX
$6.52B
$1.38M 0.01%
17,184
+161
+0.9% +$12.9K
OZK icon
944
Bank OZK
OZK
$5.53B
$1.37M 0.01%
29,876
-1,927
-6% -$90.1K
CSW
945
CSW Industrials
CSW
$5.13B
$1.37M 0.01%
4,681
-292
-6% -$77.9K
ETSY icon
946
Etsy
ETSY
$7.8B
$1.37M 0.01%
24,754
-3,019
-11% -$184K
SR icon
947
Spire
SR
$4.75B
$1.36M 0.01%
16,460
-1,003
-6% -$85.5K
WEX icon
948
WEX
WEX
$6.28B
$1.36M 0.01%
9,120
-506
-5% -$76.2K
AMKR icon
949
Amkor Technology
AMKR
$12.3B
$1.36M 0.01%
34,405
-2,148
-6% -$76.4K
MMS icon
950
Maximus
MMS
$3.14B
$1.36M 0.01%
15,732
-942
-6% -$80.5K
36 37
38
39 40

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.