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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
GTX icon
1301
Garrett Motion
GTX
$5.78B
$686K ﹤0.01%
39,367
+9,420
+31% +$150K
PFS icon
1302
Provident Financial Services
PFS
$3.24B
$682K ﹤0.01%
34,551
-2,179
-6% -$42.1K
BLKB icon
1303
Blackbaud
BLKB
$1.84B
$682K ﹤0.01%
10,775
-698
-6% -$43.2K
NSIT icon
1304
Insight Enterprises
NSIT
$3.86B
$680K ﹤0.01%
8,344
-148
-2% -$13.9K
BKD icon
1305
Brookdale Senior Living
BKD
$3.49B
$680K ﹤0.01%
63,001
+590
+0.9% +$5.8K
CBZ icon
1306
CBIZ
CBZ
$3B
$680K ﹤0.01%
13,473
-1,014
-7% -$53.3K
CXT icon
1307
Crane NXT
CXT
$2.97B
$678K ﹤0.01%
14,411
-866
-6% -$51.2K
ALRM icon
1308
Alarm.com
ALRM
$2.68B
$678K ﹤0.01%
13,288
-687
-5% -$35K
CVBF icon
1309
CVB Financial
CVBF
$4B
$678K ﹤0.01%
36,444
-2,277
-6% -$43.5K
PHIN icon
1310
Phinia Inc
PHIN
$2.7B
$677K ﹤0.01%
10,804
-974
-8% -$53.8K
SPHR icon
1311
Sphere Entertainment
SPHR
$5.31B
$675K ﹤0.01%
7,096
-662
-9% -$50.4K
PTON icon
1312
Peloton Interactive
PTON
$2.76B
$675K ﹤0.01%
109,509
-3,631
-3% -$25.6K
BANC icon
1313
Banc of California
BANC
$2.91B
$672K ﹤0.01%
34,842
-2,168
-6% -$38.9K
FCPT icon
1314
Four Corners Property Trust
FCPT
$2.8B
$672K ﹤0.01%
29,140
-590
-2% -$14.1K
UE icon
1315
Urban Edge Properties
UE
$2.87B
$671K ﹤0.01%
34,967
-2,243
-6% -$43.5K
KMPR icon
1316
Kemper
KMPR
$1.71B
$670K ﹤0.01%
16,537
-1,453
-8% -$62.2K
OLN icon
1317
Olin
OLN
$2.53B
$670K ﹤0.01%
32,157
-1,914
-6% -$41.3K
LINE
1318
Lineage Inc
LINE
$9.76B
$669K ﹤0.01%
19,113
-1,157
-6% -$42.8K
CUBI icon
1319
Customers Bancorp
CUBI
$2.65B
$669K ﹤0.01%
9,146
+267
+3% +$18.3K
DAVE icon
1320
Dave Inc
DAVE
$4.8B
$669K ﹤0.01%
3,020
+233
+8% +$50.1K
RELY icon
1321
Remitly
RELY
$4.94B
$668K ﹤0.01%
48,440
-2,821
-6% -$41K
OII icon
1322
Oceaneering
OII
$4.74B
$667K ﹤0.01%
27,745
-2,022
-7% -$48.8K
FFBC icon
1323
First Financial Bancorp
FFBC
$3.55B
$664K ﹤0.01%
26,555
-1,753
-6% -$43.7K
PBF icon
1324
PBF Energy
PBF
$8.65B
$664K ﹤0.01%
24,497
-1,169
-5% -$37.4K
HOG icon
1325
Harley-Davidson
HOG
$2.59B
$664K ﹤0.01%
32,400
-1,753
-5% -$43.1K
51 52
53
54 55

Similar funds

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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.