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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
EWTX icon
1651
Edgewise Therapeutics
EWTX
$4.28B
$371K ﹤0.01%
14,937
-612
-4% -$12.3K
CRAI icon
1652
CRA International
CRAI
$1.23B
$370K ﹤0.01%
1,846
-168
-8% -$31.7K
HLF icon
1653
Herbalife
HLF
$1.3B
$370K ﹤0.01%
28,711
-1,426
-5% -$15.1K
IIPR icon
1654
Innovative Industrial Properties
IIPR
$1.77B
$369K ﹤0.01%
7,799
-490
-6% -$25.4K
UVV icon
1655
Universal Corp
UVV
$1.37B
$367K ﹤0.01%
6,955
-383
-5% -$20.3K
SEB icon
1656
Seaboard Corp
SEB
$4.39B
$364K ﹤0.01%
82
-4
-5% -$15.8K
WKC icon
1657
World Kinect Corp
WKC
$2.06B
$364K ﹤0.01%
15,552
-1,204
-7% -$29.7K
ESTA icon
1658
Establishment Labs
ESTA
$2.71B
$363K ﹤0.01%
4,982
-131
-3% -$7.91K
NVRI icon
1659
Enviri
NVRI
$624M
$363K ﹤0.01%
20,242
-1,197
-6% -$17.8K
PAY icon
1660
Paymentus
PAY
$4.62B
$362K ﹤0.01%
11,462
+2,094
+22% +$68.3K
WLY icon
1661
John Wiley & Sons Class A
WLY
$2.83B
$362K ﹤0.01%
11,810
-734
-6% -$25.9K
VVX icon
1662
V2X
VVX
$2.7B
$361K ﹤0.01%
6,621
+527
+9% +$29.7K
TNC icon
1663
Tennant Co
TNC
$1.44B
$361K ﹤0.01%
4,896
-348
-7% -$26.6K
AMSC icon
1664
American Superconductor
AMSC
$1.29B
$360K ﹤0.01%
12,524
-359
-3% -$15.5K
SILA
1665
DELISTED
Sila Realty Trust
SILA
$360K ﹤0.01%
15,451
-868
-5% -$20.4K
CELC icon
1666
Celcuity
CELC
$4.06B
$359K ﹤0.01%
+3,604
New +$296K
FLNC icon
1667
Fluence Energy
FLNC
$1.58B
$359K ﹤0.01%
18,146
-5,062
-22% -$95.4K
LNN icon
1668
Lindsay Corp
LNN
$1.14B
$358K ﹤0.01%
3,037
-178
-6% -$21.4K
UMH
1669
UMH Properties
UMH
$1.34B
$358K ﹤0.01%
22,476
-1,158
-5% -$17.4K
ARI
1670
Apollo Commercial Real Estate
ARI
$864M
$356K ﹤0.01%
36,789
-2,270
-6% -$22.7K
XERS icon
1671
Xeris Biopharma Holdings
XERS
$1.45B
$355K ﹤0.01%
45,269
-2,093
-4% -$16.5K
HG icon
1672
Hamilton Insurance Group
HG
$3.63B
$355K ﹤0.01%
12,736
-1,145
-8% -$29.7K
ATEN icon
1673
A10 Networks
ATEN
$2.07B
$354K ﹤0.01%
20,032
-1,298
-6% -$23K
ENVX icon
1674
Enovix
ENVX
$803M
$353K ﹤0.01%
48,326
-2,786
-5% -$27K
CNMD icon
1675
CONMED
CNMD
$1.3B
$353K ﹤0.01%
8,697
-458
-5% -$19.9K
65 66
67
68 69

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.