We are live on ! Find out more
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
PLOW icon
1901
Douglas Dynamics
PLOW
$992M
$210K ﹤0.01%
6,418
-449
-7% -$14.2K
CLB icon
1902
Core Laboratories
CLB
$455M
$208K ﹤0.01%
12,961
-912
-7% -$13.6K
ESQ icon
1903
Esquire Financial Holdings
ESQ
$1.14B
$207K ﹤0.01%
2,031
-92
-4% -$9.32K
TSHA icon
1904
Taysha Gene Therapies
TSHA
$1.61B
$207K ﹤0.01%
+37,677
New +$183K
ARVN icon
1905
Arvinas
ARVN
$530M
$207K ﹤0.01%
17,438
+182
+1% +$1.99K
MBWM icon
1906
Mercantile Bank Corp
MBWM
$1.04B
$206K ﹤0.01%
4,289
-260
-6% -$12K
CAC icon
1907
Camden National
CAC
$988M
$205K ﹤0.01%
+4,723
New +$190K
ALNT icon
1908
Allient
ALNT
$1.34B
$204K ﹤0.01%
+3,788
New +$198K
SMP icon
1909
Standard Motor Products
SMP
$902M
$203K ﹤0.01%
5,512
-668
-11% -$25.6K
AMSF icon
1910
AMERISAFE
AMSF
$562M
$203K ﹤0.01%
5,283
-336
-6% -$13.5K
BRSP
1911
BrightSpire Capital
BRSP
$651M
$203K ﹤0.01%
36,181
-2,424
-6% -$13.3K
THFF icon
1912
First Financial Corp
THFF
$948M
$203K ﹤0.01%
+3,352
New +$193K
HRTG icon
1913
Heritage Insurance Holdings
HRTG
$903M
$201K ﹤0.01%
+6,883
New +$186K
MIAX
1914
Miami International Holdings
MIAX
$4.49B
$201K ﹤0.01%
+4,536
New +$202K
CNNE icon
1915
Cannae Holdings
CNNE
$653M
$201K ﹤0.01%
12,780
-3,021
-19% -$51.4K
PRSU
1916
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
$200K ﹤0.01%
5,940
-330
-5% -$11.5K
ERII icon
1917
Energy Recovery
ERII
$420M
$200K ﹤0.01%
14,820
-1,296
-8% -$19.6K
RWT
1918
Redwood Trust
RWT
$588M
$199K ﹤0.01%
36,064
-3,327
-8% -$18.3K
FOXF icon
1919
Fox Factory Holding Corp
FOXF
$794M
$199K ﹤0.01%
11,616
-723
-6% -$13.8K
TDAY
1920
USA Today Co
TDAY
$1.29B
$198K ﹤0.01%
38,542
-2,623
-6% -$12.3K
CARS icon
1921
Cars.com
CARS
$722M
$198K ﹤0.01%
16,222
-1,457
-8% -$16.9K
SG icon
1922
Sweetgreen
SG
$756M
$197K ﹤0.01%
29,164
-2,140
-7% -$14.7K
INDI icon
1923
indie Semiconductor
INDI
$636M
$197K ﹤0.01%
55,810
-1,798
-3% -$7.88K
PHAT icon
1924
Phathom Pharmaceuticals
PHAT
$928M
$197K ﹤0.01%
+11,867
New +$169K
METC icon
1925
Ramaco Resources Class A
METC
$629M
$196K ﹤0.01%
10,879
-526
-5% -$13.8K
75 76
77
78 79

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.