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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
EOSE icon
1101
Eos Energy Enterprises
EOSE
$1.31B
$1.03M 0.01%
89,506
+15,889
+22% +$228K
ZETA icon
1102
Zeta Global
ZETA
$5.33B
$1.02M 0.01%
50,354
-2,831
-5% -$52.9K
SLGN icon
1103
Silgan Holdings
SLGN
$4.34B
$1.02M 0.01%
25,288
-1,624
-6% -$65.9K
KBH icon
1104
KB Home
KBH
$3.45B
$1.02M 0.01%
18,054
-2,083
-10% -$128K
BTSG icon
1105
BrightSpring Health Services
BTSG
$14.3B
$1.02M 0.01%
27,185
-1,523
-5% -$51.1K
INDB icon
1106
Independent Bank
INDB
$4.02B
$1.02M 0.01%
13,916
-871
-6% -$61.9K
FFIN icon
1107
First Financial Bankshares
FFIN
$5B
$1.01M 0.01%
33,940
-2,026
-6% -$63.8K
NVST icon
1108
Envista
NVST
$4.52B
$1.01M 0.01%
46,678
-3,476
-7% -$71.3K
NHI icon
1109
National Health Investors
NHI
$3.69B
$1.01M 0.01%
13,243
-575
-4% -$44.1K
VRNS icon
1110
Varonis Systems
VRNS
$4.59B
$1.01M 0.01%
30,812
-2,302
-7% -$96.6K
PLMR icon
1111
Palomar
PLMR
$3.61B
$1.01M 0.01%
7,489
-411
-5% -$50.2K
COLD icon
1112
Americold
COLD
$4.13B
$1.01M 0.01%
78,429
-1,612
-2% -$19.8K
FELE icon
1113
Franklin Electric
FELE
$4.57B
$1.01M 0.01%
10,550
-913
-8% -$87.1K
OUT icon
1114
Outfront Media
OUT
$5.62B
$1.01M 0.01%
41,746
-277
-0.7% -$5.76K
PSN icon
1115
Parsons
PSN
$4.61B
$1.01M 0.01%
16,273
+461
+3% +$36.1K
BTU icon
1116
Peabody Energy
BTU
$2.61B
$1M 0.01%
33,747
-2,235
-6% -$65.7K
NE icon
1117
Noble Corp
NE
$6.62B
$996K 0.01%
35,286
-2,302
-6% -$68K
GHC icon
1118
Graham Holdings Company
GHC
$5.28B
$993K 0.01%
904
-51
-5% -$54.5K
YETI icon
1119
Yeti Holdings
YETI
$3.76B
$992K 0.01%
22,456
-2,050
-8% -$78.8K
CORZ icon
1120
Core Scientific
CORZ
$7.01B
$992K 0.01%
68,104
-17,269
-20% -$301K
FULT icon
1121
Fulton Financial
FULT
$4.66B
$983K 0.01%
50,865
-2,903
-5% -$53.4K
CBT icon
1122
Cabot Corp
CBT
$4.55B
$979K 0.01%
14,778
-1,120
-7% -$74.6K
TEX icon
1123
Terex
TEX
$7.11B
$978K 0.01%
18,323
-1,088
-6% -$54.9K
EXPO icon
1124
Exponent
EXPO
$3.13B
$975K 0.01%
14,030
-954
-6% -$67K
VVV icon
1125
Valvoline
VVV
$4.9B
$973K 0.01%
33,470
-2,263
-6% -$72.7K
43 44
45
46 47

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.