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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
LTC
1551
LTC Properties
LTC
$2.13B
$443K ﹤0.01%
12,872
-719
-5% -$25.3K
FTRE icon
1552
Fortrea Holdings
FTRE
$1.93B
$438K ﹤0.01%
+25,418
New +$314K
ICFI icon
1553
ICF International
ICFI
$1.5B
$438K ﹤0.01%
5,135
-287
-5% -$24.4K
BCRX icon
1554
BioCryst Pharmaceuticals
BCRX
$2.42B
$437K ﹤0.01%
56,082
-2,706
-5% -$19.6K
ADNT icon
1555
Adient
ADNT
$1.69B
$435K ﹤0.01%
22,682
-2,179
-9% -$45.8K
CCB icon
1556
Coastal Financial
CCB
$1.08B
$433K ﹤0.01%
3,775
-211
-5% -$23K
FLYW icon
1557
Flywire
FLYW
$2.04B
$432K ﹤0.01%
30,541
-1,322
-4% -$18.1K
LBTYK icon
1558
Liberty Global Class C
LBTYK
$3.5B
$432K ﹤0.01%
39,156
-3,103
-7% -$34.5K
NWL icon
1559
Newell Brands
NWL
$2.21B
$431K ﹤0.01%
115,775
-7,722
-6% -$31.2K
BHE icon
1560
Benchmark Electronics
BHE
$2.66B
$430K ﹤0.01%
10,062
-619
-6% -$26.8K
CNXC icon
1561
Concentrix
CNXC
$1.62B
$430K ﹤0.01%
10,346
-838
-7% -$34K
REAL icon
1562
The RealReal
REAL
$1.41B
$430K ﹤0.01%
27,228
-1,218
-4% -$15.9K
ELME
1563
Elme Communities
ELME
$145M
$427K ﹤0.01%
24,545
-1,542
-6% -$26.1K
KEX icon
1564
Kirby Corp
KEX
$7.01B
$427K ﹤0.01%
3,871
-280
-7% -$28.5K
HROW icon
1565
Harrow
HROW
$1.44B
$426K ﹤0.01%
8,700
-512
-6% -$21.5K
ENOV icon
1566
Enovis
ENOV
$1.74B
$426K ﹤0.01%
15,983
-920
-5% -$27.2K
NEO icon
1567
NeoGenomics
NEO
$1.96B
$424K ﹤0.01%
36,095
-1,959
-5% -$21.1K
LZB icon
1568
La-Z-Boy
LZB
$1.64B
$424K ﹤0.01%
11,369
-729
-6% -$25.5K
STEL
1569
DELISTED
Stellar Bancorp
STEL
$421K ﹤0.01%
13,617
-853
-6% -$26.2K
AXGN icon
1570
Axogen
AXGN
$2.2B
$420K ﹤0.01%
12,844
+43
+0.3% +$1.06K
WLDN icon
1571
Willdan Group
WLDN
$1.02B
$420K ﹤0.01%
4,051
-17
-0.4% -$1.67K
STBA icon
1572
S&T Bancorp
STBA
$1.9B
$420K ﹤0.01%
10,667
-654
-6% -$25.2K
COLM icon
1573
Columbia Sportswear
COLM
$3.25B
$419K ﹤0.01%
7,608
-486
-6% -$26K
CENTA icon
1574
Central Garden & Pet Co Class A
CENTA
$2.43B
$419K ﹤0.01%
14,356
-1,003
-7% -$29K
ABR icon
1575
Arbor Realty Trust
ABR
$977M
$419K ﹤0.01%
53,949
-2,913
-5% -$28.6K
61 62
63
64 65

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.