Institutional Manager · CIK 0001558481
Arizona State Retirement System
Phoenix, AZ · File #028-15059
Latest AUM
$18.38B
Positions
2,048
Top-10 Concentration
62.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | NETFLIX INC | NFLX | +1,063,638 | +$99.7M | -$137.4M |
| REDUCE | APPLE INC | AAPL | -167,181 | -$45.4M | +$75.2M |
| REDUCE | NVIDIA CORPORATION | NVDA | -219,895 | -$41.0M | -$570,051 |
| ADD | SERVICENOW INC | NOW | +232,340 | +$35.6M | -$46.4M |
| REDUCE | MICROSOFT CORP | MSFT | -68,399 | -$33.1M | -$70.8M |
| REDUCE | TESLA INC | TSLA | -51,126 | -$23.0M | +$4.2M |
| REDUCE | AMAZON COM INC | AMZN | -82,002 | -$18.9M | +$31.4M |
| REDUCE | ALPHABET INC | GOOG | -58,810 | -$18.5M | +$100.8M |
| REDUCE | ALPHABET INC | GOOG | -53,127 | -$16.6M | +$118.8M |
| REDUCE | JPMORGAN CHASE & CO. | VYLD | -42,288 | -$13.6M | +$5.5M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20252,048 pos · $18.38B
- 13F HOLDINGS REPORTQ/E Sep 20252,081 pos · $18.76B
- 13F HOLDINGS REPORTQ/E Jun 20252,053 pos · $17.36B
- 13F HOLDINGS REPORTQ/E Mar 20252,086 pos · $15.71B
- 13F HOLDINGS REPORTQ/E Dec 20242,130 pos · $16.36B
- 13F HOLDINGS REPORTQ/E Sep 20242,151 pos · $15.86B
- 13F HOLDINGS REPORTQ/E Jun 20242,101 pos · $14.98B
- 13F HOLDINGS REPORTQ/E Mar 20242,124 pos · $14.45B
- 13F HOLDINGS REPORTQ/E Dec 20232,170 pos · $11.77B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 6,905,742 | $1.29B | 12.57% |
| 2 | APPLE INC | AAPL | 4,194,593 | $1.14B | 11.13% |
| 3 | MICROSOFT CORP | MSFT | 1,993,631 | $964.2M | 9.41% |
| 4 | AMAZON COM INC | AMZN | 2,708,304 | $625.1M | 6.10% |
| 5 | ALPHABET INC | GOOG | 1,646,513 | $515.4M | 5.03% |
| 6 | BROADCOM INC | AVGO | 1,265,651 | $438.0M | 4.28% |
| 7 | ALPHABET INC | GOOG | 1,375,984 | $431.8M | 4.21% |
| 8 | META PLATFORMS INC | META | 615,238 | $406.1M | 3.96% |
| 9 | TESLA INC | TSLA | 795,441 | $357.7M | 3.49% |
| 10 | JPMORGAN CHASE & CO. | VYLD | 769,098 | $247.8M | 2.42% |
| 11 | ELI LILLY & CO | LLY | 228,869 | $246.0M | 2.40% |
| 12 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 388,841 | $195.5M | 1.91% |
| 13 | VISA INC | V | 485,236 | $170.2M | 1.66% |
| 14 | EXXON MOBIL CORP | XOM | 1,207,146 | $145.3M | 1.42% |
| 15 | JOHNSON & JOHNSON | JNJ | 679,300 | $140.6M | 1.37% |
| 16 | MASTERCARD INCORPORATED | MA | 243,464 | $139.0M | 1.36% |
| 17 | WALMART INC | WMT | 1,228,207 | $136.8M | 1.34% |
| 18 | PALANTIR TECHNOLOGIES INC | PLTR | 640,375 | $113.8M | 1.11% |
| 19 | ABBVIE INC | ABBV | 496,417 | $113.4M | 1.11% |
| 20 | NETFLIX INC | NFLX | 1,187,920 | $111.4M | 1.09% |