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Arizona State Retirement System — 13F Holdings & Portfolio

CIK 1558481 · latest 13F-HR filed 2026-11-03

Backtest portfolio

Arizona State Retirement System manages $20.27B in 13F-reported U.S. long-equity assets across 2,079 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (7.28%), AAPL (6.76%), MSFT (5.02%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 68 new positions and exited 60; 526 existing positions rose in reported value and 1,021 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$20.27B

Long-equity book

Holdings
2,079

Distinct positions

Period
2026-09-30

Filed 2026-11-03

Q/Q Activity
+68 / −60 / ↑526 / ↓1021

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
NVDA7.3% · +1%AAPL6.8% · +1%MSFT5.0% · +1%AMZN3.3% · +1%GOOGL2.8% · +2%META2.2% · +1%GOOG2.2% · +2%AVGO2.2% · +2%MU1.7% · +2%TSLA1.4% · +3%AMD1.4% · +2%LLY1.3% · +1%JPM1.2% · +0%BRK.B1.0% · +2%XOM0.9% · +1%JNJ0.9% · +2%V0.8% · +1%INTC0.7% · +1%ABBV0.6% · +1%WMT0.6% · +1%MA0.6% · +1%CSCO0.6% · +1%LRCX0.6% · +2%PLTR0.6% · +1%AMAT0.6% · +1%COST0.6% · +2%CVX0.5% · +3%CAT0.5% · -0%MRK0.5% · +1%BAC0.5% · -2%KO0.5% · +2%PG0.5% · +1%UNH0.5% · +1%PANW0.5% · +2%GE0.4% · +0%PM0.4% · +1%NFLX0.4% · -0%HD0.4% · +1%NEM0.4% · +129%GS0.4% · +1%CRWD0.4% · +304%SNDK0.4% · +5%GEV0.4% · +1%TXN0.4% · +0%KLAC0.4% · +0%TMO0.3% · +1%RTX0.3% · +2%WFC0.3% · +1%ORCL0.3% · +1%AMGN0.3% · +1%MRVL0.3% · +2%MS0.3% · +0%C0.3% · +1%LIN0.3% · +1%ANET0.3% · +2%APH0.3% · +101%IBM0.3% · +1%STX0.3% · +2%QCOM0.3% · -1%ADI0.3% · +0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 34.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 526 →

Top Trims

Show all 1021 →

New Positions

Show all 68 →

Exited Positions

Show all 60 →

Arizona State Retirement System Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $1.47B 7.28% 6,457,057 SH
2 APPLE INC AAPL 037833100 $1.37B 6.76% 4,115,235 SH
3 MICROSOFT CORP MSFT 594918104 $1.02B 5.02% 1,982,582 SH
4 AMAZON COM INC AMZN 023135106 $675.8M 3.33% 2,712,223 SH
5 ALPHABET INC GOOGL 02079K305 $568.3M 2.80% 1,651,726 SH
6 META PLATFORMS INC META 30303M102 $447.2M 2.21% 616,635 SH
7 ALPHABET INC GOOG 02079K107 $446.2M 2.20% 1,309,385 SH
8 BROADCOM INC AVGO 11135F101 $445.0M 2.20% 1,267,001 SH
9 MICRON TECHNOLOGY INC MU 595112103 $339.3M 1.67% 318,534 SH
10 TESLA INC TSLA 88160R101 $284.3M 1.40% 801,184 SH
11 ADVANCED MICRO DEVICES INC AMD 007903107 $281.3M 1.39% 459,876 SH
12 ELI LILLY & CO LLY 532457108 $261.2M 1.29% 225,750 SH
13 JPMORGAN CHASE & CO JPM 46625H100 $246.9M 1.22% 746,249 SH
14 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $196.6M 0.97% 394,829 SH
15 EXXONMOBIL HOLDINGS CORP XOM 30233Q108 $188.8M 0.93% 1,160,197 SH
16 JOHNSON & JOHNSON JNJ 478160104 $179.9M 0.89% 679,408 SH
17 VISA INC V 92826C839 $169.5M 0.84% 471,803 SH
18 INTEL CORP INTC 458140100 $147.9M 0.73% 1,230,363 SH
19 ABBVIE INC ABBV 00287Y109 $129.3M 0.64% 494,323 SH
20 WALMART INC WMT 931142103 $127.3M 0.63% 1,224,653 SH
21 MASTERCARD INCORPORATED MA 57636Q104 $126.6M 0.62% 229,512 SH
22 CISCO SYS INC CSCO 17275R102 $118.7M 0.59% 1,102,619 SH
23 LAM RESEARCH CORP LRCX 512807306 $116.1M 0.57% 353,401 SH
24 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $114.0M 0.56% 609,668 SH
25 APPLIED MATLS INC AMAT 038222105 $113.9M 0.56% 222,679 SH
26 COSTCO WHOLESALE CORPORATION COST 22160K105 $113.9M 0.56% 125,088 SH
27 CHEVRON CORPORATION CVX 166764100 $107.3M 0.53% 525,436 SH
28 CATERPILLAR INC CAT 149123101 $104.4M 0.52% 128,822 SH
29 MERCK & CO INC MRK 58933Y105 $101.0M 0.50% 695,157 SH
30 BANK OF AMER CORP BAC 060505104 $100.6M 0.50% 1,847,672 SH
31 COCA COLA CO KO 191216100 $94.9M 0.47% 1,102,025 SH
32 PROCTER & GAMBLE CO PG 742718109 $94.8M 0.47% 652,745 SH
33 UNITEDHEALTH GROUP INC UNH 91324P102 $93.5M 0.46% 254,624 SH
34 PALO ALTO NETWORKS INC PANW 697435105 $91.1M 0.45% 229,303 SH
35 GE AEROSPACE GE 369604301 $90.6M 0.45% 290,139 SH
36 PHILIP MORRIS INTL INC PM 718172109 $83.1M 0.41% 435,695 SH
37 NETFLIX INC. NFLX 64110L106 $81.2M 0.40% 1,166,707 SH
38 HOME DEPOT INC HD 437076102 $79.2M 0.39% 278,555 SH
39 NEWMONT CORP NEM 651639106 $79.1M 0.39% 686,076 SH
40 GOLDMAN SACHS GROUP INC GS 38141G104 $74.3M 0.37% 82,473 SH
41 CROWDSTRIKE HLDGS INC CRWD 22788C105 $73.3M 0.36% 277,014 SH
42 SANDISK CORP SNDK 80004C200 $72.7M 0.36% 41,771 SH
43 GE VERNOVA INC GEV 36828A101 $71.5M 0.35% 75,231 SH
44 TEXAS INSTRS INC TXN 882508104 $71.1M 0.35% 254,008 SH
45 KLA CORP KLAC 482480100 $71.1M 0.35% 364,555 SH
46 THERMO FISHER SCIENTIFIC INC TMO 883556102 $70.5M 0.35% 104,413 SH
47 RTX CORPORATION RTX 75513E101 $70.4M 0.35% 379,306 SH
48 WELLS FARGO & CO WFC 949746101 $68.4M 0.34% 855,020 SH
49 ORACLE CORP ORCL 68389X105 $66.5M 0.33% 484,499 SH
50 AMGEN INC AMGN 031162100 $63.5M 0.31% 150,652 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-03 $20.27B 2,079 0000897069-26-001887
2026-06-30 2026-08-07 $19.89B 2,071 0000897069-26-001594
2026-03-31 2026-05-01 $17.10B 2,051 0000897069-26-000996
2025-12-31 2026-01-28 $18.38B 2,048 0000897069-26-000191
Filer Information
Address
3300 NORTH CENTRAL AVENUE
14TH FLOOR
PHOENIX, AZ 85012
Phone
(602) 240-2000
Filing Manager
ARIZONA STATE RETIREMENT SYSTEM
PHOENIX, AZ
Signatory
Robert B. Butler
Investment Risk & Compliance Officer