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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
WULF icon
1126
TeraWulf
WULF
$8.83B
$971K 0.01%
84,541
-6,109
-7% -$81.9K
CALM icon
1127
Cal-Maine
CALM
$4.09B
$969K 0.01%
12,178
-730
-6% -$64.1K
IESC icon
1128
IES Holdings
IESC
$11.4B
$969K 0.01%
2,490
-131
-5% -$52.7K
RYN icon
1129
Rayonier
RYN
$6.43B
$967K 0.01%
44,685
-1,244
-3% -$28.1K
KFY icon
1130
Korn Ferry
KFY
$4.18B
$958K 0.01%
14,509
-855
-6% -$57.5K
MYRG icon
1131
MYR Group
MYRG
$5.15B
$956K 0.01%
4,377
-212
-5% -$46.1K
WSC icon
1132
WillScot Mobile Mini Holdings
WSC
$4.35B
$956K 0.01%
50,784
-3,210
-6% -$64.7K
BFH icon
1133
Bread Financial
BFH
$4.47B
$955K 0.01%
12,896
-1,631
-11% -$107K
PATK icon
1134
Patrick Industries
PATK
$2.79B
$954K 0.01%
8,798
-589
-6% -$61.8K
ALGM icon
1135
Allegro MicroSystems
ALGM
$7.72B
$951K 0.01%
36,039
-2,254
-6% -$62K
BRC icon
1136
Brady Corp
BRC
$4.39B
$951K 0.01%
12,129
-826
-6% -$63.9K
MZTI
1137
The Marzetti Company
MZTI
$2.95B
$950K 0.01%
5,779
-333
-5% -$55.6K
MHO icon
1138
M/I Homes
MHO
$3.87B
$945K 0.01%
7,384
-541
-7% -$71.5K
PII icon
1139
Polaris
PII
$3.88B
$945K 0.01%
14,937
-861
-5% -$56.7K
BRBR icon
1140
BellRing Brands
BRBR
$1.53B
$943K 0.01%
35,280
-2,300
-6% -$71.4K
ICUI icon
1141
ICU Medical
ICUI
$4.21B
$942K 0.01%
6,603
-300
-4% -$40.2K
SXT icon
1142
Sensient Technologies
SXT
$5.28B
$942K 0.01%
10,025
-654
-6% -$61.7K
ONDS icon
1143
Ondas Inc
ONDS
$4.32B
$941K 0.01%
+96,378
New +$774K
LIVN icon
1144
LivaNova
LIVN
$4.45B
$940K 0.01%
15,272
-857
-5% -$49K
SPSC icon
1145
SPS Commerce
SPSC
$2.42B
$937K 0.01%
10,508
-718
-6% -$66.6K
RNST icon
1146
Renasant Corp
RNST
$3.96B
$935K 0.01%
26,553
-1,561
-6% -$55.3K
HAYW icon
1147
Hayward Holdings
HAYW
$3.26B
$935K 0.01%
60,504
-3,498
-5% -$55.3K
BKU icon
1148
Bankunited
BKU
$3.33B
$934K 0.01%
20,966
-1,290
-6% -$53.4K
DOCN icon
1149
DigitalOcean
DOCN
$14.1B
$932K 0.01%
19,369
-834
-4% -$36.7K
KAI icon
1150
Kadant
KAI
$3.63B
$930K 0.01%
3,263
-221
-6% -$62.8K
44 45
46
47 48

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
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.