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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
CRGY icon
1401
Crescent Energy
CRGY
$3.69B
$571K ﹤0.01%
68,036
+11,389
+20% +$100K
WD icon
1402
Walker & Dunlop
WD
$1.68B
$571K ﹤0.01%
9,488
-567
-6% -$40.2K
SUNC
1403
SunocoCorp LLC
SUNC
$3.93B
$571K ﹤0.01%
+11,579
New +$583K
VRDN icon
1404
Viridian Therapeutics
VRDN
$2.2B
$570K ﹤0.01%
18,324
+1,460
+9% +$40K
KMT icon
1405
Kennametal
KMT
$2.54B
$570K ﹤0.01%
20,071
-1,360
-6% -$34.7K
SEI
1406
Solaris Energy Infrastructure
SEI
$3.14B
$570K ﹤0.01%
12,392
+1,186
+11% +$57.4K
EPAC icon
1407
Enerpac Tool Group
EPAC
$1.86B
$570K ﹤0.01%
14,896
-1,064
-7% -$42.1K
CXW icon
1408
CoreCivic
CXW
$2.95B
$568K ﹤0.01%
29,744
-2,557
-8% -$46.9K
INSW icon
1409
International Seaways
INSW
$4.71B
$568K ﹤0.01%
11,707
-702
-6% -$34.7K
RCUS icon
1410
Arcus Biosciences
RCUS
$3.55B
$568K ﹤0.01%
23,817
+3,451
+17% +$70.4K
CRK icon
1411
Comstock Resources
CRK
$3.73B
$567K ﹤0.01%
24,452
-1,551
-6% -$34.2K
LEVI icon
1412
Levi Strauss
LEVI
$9.45B
$567K ﹤0.01%
27,327
-2,810
-9% -$60.6K
QUBT icon
1413
Quantum Computing Inc
QUBT
$1.81B
$566K ﹤0.01%
55,201
+5,503
+11% +$78.3K
IMNM icon
1414
Immunome
IMNM
$2.61B
$561K ﹤0.01%
26,104
+5,568
+27% +$97.7K
NUVB icon
1415
Nuvation Bio
NUVB
$2.33B
$560K ﹤0.01%
62,462
+7,246
+13% +$44.9K
EFSC icon
1416
Enterprise Financial Services Corp
EFSC
$2.39B
$558K ﹤0.01%
10,338
-565
-5% -$31K
ARR
1417
Armour Residential REIT
ARR
$2.33B
$557K ﹤0.01%
31,461
-1,117
-3% -$18.5K
POWI icon
1418
Power Integrations
POWI
$3.39B
$554K ﹤0.01%
15,574
-1,073
-6% -$40.7K
STC icon
1419
Stewart Information Services
STC
$2.08B
$553K ﹤0.01%
7,877
-384
-5% -$27.7K
CIVI
1420
DELISTED
Civitas Resources
CIVI
$553K ﹤0.01%
20,427
-2,872
-12% -$83.1K
NOG icon
1421
Northern Oil and Gas
NOG
$2.27B
$551K ﹤0.01%
25,678
-2,069
-7% -$46.4K
RARE icon
1422
Ultragenyx Pharmaceutical
RARE
$2.56B
$551K ﹤0.01%
23,969
-1,207
-5% -$39.7K
AMRX icon
1423
Amneal Pharmaceuticals
AMRX
$5.91B
$551K ﹤0.01%
43,746
-2,576
-6% -$29.5K
SMR icon
1424
NuScale Power
SMR
$2.98B
$551K ﹤0.01%
38,870
+3,347
+9% +$95.7K
TPB icon
1425
Turning Point Brands
TPB
$1.47B
$547K ﹤0.01%
5,043
-254
-5% -$24.8K
55 56
57
58 59

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.