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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
SCL icon
1776
Stepan Co
SCL
$1.5B
$283K ﹤0.01%
5,969
-378
-6% -$17.3K
RLJ icon
1777
RLJ Lodging Trust
RLJ
$1.88B
$282K ﹤0.01%
37,873
-7,020
-16% -$51K
TLRY icon
1778
Tilray
TLRY
$493M
$282K ﹤0.01%
31,179
+460
+1% +$5.61K
EIG icon
1779
Employers Holdings
EIG
$907M
$281K ﹤0.01%
6,519
-595
-8% -$24.3K
BY icon
1780
Byline Bancorp
BY
$1.78B
$281K ﹤0.01%
9,623
+153
+2% +$4.3K
GRC icon
1781
Gorman-Rupp
GRC
$2.07B
$280K ﹤0.01%
5,858
-366
-6% -$17K
AMPH icon
1782
Amphastar Pharmaceuticals
AMPH
$907M
$279K ﹤0.01%
10,428
-717
-6% -$18.5K
DLX icon
1783
Deluxe
DLX
$1.25B
$279K ﹤0.01%
12,499
-740
-6% -$14.9K
NPKI
1784
NPK International
NPKI
$1.02B
$278K ﹤0.01%
23,345
-416
-2% -$5.08K
DBD icon
1785
Diebold Nixdorf
DBD
$2.6B
$278K ﹤0.01%
4,093
-318
-7% -$19.9K
IMKTA icon
1786
Ingles Markets
IMKTA
$1.72B
$277K ﹤0.01%
4,044
-39
-1% -$2.83K
WTTR icon
1787
Select Water Solutions
WTTR
$2.22B
$277K ﹤0.01%
26,349
-1,346
-5% -$14.5K
PRKS icon
1788
United Parks & Resorts
PRKS
$2.19B
$277K ﹤0.01%
7,632
-501
-6% -$20.8K
AMLX icon
1789
Amylyx Pharmaceuticals
AMLX
$2.19B
$277K ﹤0.01%
+22,914
New +$311K
BLFS icon
1790
BioLife Solutions
BLFS
$1.54B
$275K ﹤0.01%
11,390
-637
-5% -$16.7K
GCT icon
1791
GigaCloud Technology
GCT
$1.55B
$275K ﹤0.01%
7,007
-532
-7% -$17.6K
GO icon
1792
Grocery Outlet
GO
$904M
$275K ﹤0.01%
27,219
-1,767
-6% -$22.2K
LPG icon
1793
Dorian LPG
LPG
$1.96B
$274K ﹤0.01%
11,263
-725
-6% -$19K
CLOV icon
1794
Clover Health Investments
CLOV
$2.23B
$274K ﹤0.01%
116,580
-6,446
-5% -$17.6K
ZYME icon
1795
Zymeworks
ZYME
$1.62B
$274K ﹤0.01%
10,395
-664
-6% -$14.5K
MATX icon
1796
Matsons
MATX
$6.11B
$272K ﹤0.01%
2,205
-210
-9% -$22.6K
OSBC icon
1797
Old Second Bancorp
OSBC
$1.29B
$272K ﹤0.01%
13,945
+1,569
+13% +$29.3K
PENG
1798
Penguin Solutions Inc
PENG
$2.24B
$271K ﹤0.01%
13,846
-866
-6% -$18.6K
NIQ
1799
NIQ Global Intelligence PLC
NIQ
$3.53B
$270K ﹤0.01%
+16,401
New +$240K
REX icon
1800
REX American Resources
REX
$1.39B
$270K ﹤0.01%
8,364
-410
-5% -$13.4K
70 71
72
73 74

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.