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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
HTZ icon
1951
Hertz
HTZ
$527M
$173K ﹤0.01%
33,731
-2,880
-8% -$15.7K
CTLP
1952
DELISTED
Cantaloupe
CTLP
$173K ﹤0.01%
16,320
-1,021
-6% -$10.8K
TRTX
1953
TPG RE Finance Trust
TRTX
$635M
$173K ﹤0.01%
20,102
+16
+0.1% +$142
BLND icon
1954
Blend Labs
BLND
$438M
$173K ﹤0.01%
56,812
-3,502
-6% -$11.2K
GDYN icon
1955
Grid Dynamics Holdings
GDYN
$569M
$171K ﹤0.01%
18,976
-1,013
-5% -$8.77K
NEXT icon
1956
NextDecade
NEXT
$1.68B
$171K ﹤0.01%
32,452
-2,270
-7% -$13.5K
AMN icon
1957
AMN Healthcare
AMN
$1.35B
$170K ﹤0.01%
10,806
-522
-5% -$9.32K
SXC icon
1958
SunCoke Energy
SXC
$794M
$170K ﹤0.01%
23,585
-1,464
-6% -$10.8K
BTBT icon
1959
Bit Digital
BTBT
$428M
$169K ﹤0.01%
89,589
-4,806
-5% -$13.9K
PRCH icon
1960
Porch Group
PRCH
$1.35B
$169K ﹤0.01%
18,538
-1,291
-7% -$15.5K
MVST icon
1961
Microvast
MVST
$237M
$165K ﹤0.01%
59,086
-3,491
-6% -$14.6K
UAMY icon
1962
United States Antimony
UAMY
$728M
$165K ﹤0.01%
+32,936
New +$259K
NB
1963
NioCorp Developments
NB
$562M
$165K ﹤0.01%
+31,122
New +$214K
UA icon
1964
Under Armour Class C
UA
$2.95B
$165K ﹤0.01%
34,354
-4,663
-12% -$20.7K
HPP
1965
Hudson Pacific Properties
HPP
$758M
$165K ﹤0.01%
15,193
-775
-5% -$11.5K
SERV
1966
Serve Robotics
SERV
$372M
$163K ﹤0.01%
+15,733
New +$189K
SPT icon
1967
Sprout Social
SPT
$530M
$163K ﹤0.01%
14,420
-913
-6% -$9.86K
CWH icon
1968
Camping World
CWH
$384M
$161K ﹤0.01%
16,572
-1,018
-6% -$12.6K
ARHS icon
1969
Arhaus
ARHS
$1.07B
$160K ﹤0.01%
14,254
-875
-6% -$9.09K
RPC
1970
Ridgepost Capital
RPC
$926M
$159K ﹤0.01%
16,187
-1,019
-6% -$10.3K
STGW icon
1971
Stagwell
STGW
$2B
$158K ﹤0.01%
32,401
+4,702
+17% +$24.5K
MYGN icon
1972
Myriad Genetics
MYGN
$476M
$158K ﹤0.01%
25,673
-1,580
-6% -$11.5K
SBGI icon
1973
Sinclair Inc
SBGI
$1.02B
$156K ﹤0.01%
10,210
-623
-6% -$9.25K
NABL icon
1974
N-able
NABL
$844M
$156K ﹤0.01%
20,864
-1,514
-7% -$11.6K
RDW icon
1975
Redwire
RDW
$1.86B
$153K ﹤0.01%
20,163
+5,397
+37% +$39.6K
77 78
79
80 81

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.