Arizona State Retirement System
Institutional investor · Portfolio as of Q4 2025
Top Holdings2,048 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 6.9M | $1.3B | 7.0% | $114.73 | +63.47% | 28 qtrssince 2019-Q1 | Decreased 0 |
APPLE INC | 4.2M | $1.1B | 6.2% | $113.51 | +138.86% | 28 qtrssince 2019-Q1 | Decreased 0 |
MICROSOFT CORP | 2M | $964.2M | 5.2% | $164.25 | +196.79% | 28 qtrssince 2019-Q1 | Decreased 0 |
AMAZON.COM INC | 2.7M | $625.1M | 3.4% | $115.76 | +100.88% | 28 qtrssince 2019-Q1 | Decreased 0 |
ALPHABET INC-CL A | 1.6M | $515.4M | 2.8% | $99.34 | +215.95% | 28 qtrssince 2019-Q1 | Decreased 0 |
BROADCOM INC | 1.3M | $438M | 2.4% | $157.91 | +118.38% | 28 qtrssince 2019-Q1 | Decreased 0 |
ALPHABET INC-CL C | 1.4M | $431.8M | 2.3% | $97.70 | +221.96% | 28 qtrssince 2019-Q1 | Decreased 0 |
META PLATFORMS INC-CLASS A | 615,238 | $406.1M | 2.2% | $210.73 | +216.02% | 28 qtrssince 2019-Q1 | Decreased 0 |
TESLA INC | 795,441 | $357.7M | 1.9% | $229.97 | +97.60% | 24 qtrssince 2020-Q1 | Decreased 0 |
JPMORGAN CHASE & CO | 769,098 | $247.8M | 1.3% | $87.90 | +266.31% | 28 qtrssince 2019-Q1 | Decreased 0 |
ELI LILLY & CO | 228,869 | $246M | 1.3% | $182.28 | +486.73% | 28 qtrssince 2019-Q1 | Decreased 0 |
BERKSHIRE HATHAWAY INC-CL B | 388,841 | $195.5M | 1.1% | $224.37 | +124.50% | 28 qtrssince 2019-Q1 | Decreased 0 |
VISA INC-CLASS A SHARES | 485,236 | $170.2M | 0.9% | $186.56 | +86.86% | 28 qtrssince 2019-Q1 | Decreased 0 |
EXXON MOBIL CORP | 1.2M | $145.3M | 0.8% | $57.14 | +110.35% | 28 qtrssince 2019-Q1 | Decreased 0 |
JOHNSON & JOHNSON | 679,300 | $140.6M | 0.8% | $121.50 | +70.30% | 28 qtrssince 2019-Q1 | Decreased 0 |
MASTERCARD INC - A | 243,464 | $139M | 0.8% | $283.72 | +103.21% | 28 qtrssince 2019-Q1 | Decreased 0 |
WALMART INC | 1.2M | $136.8M | 0.7% | $51.85 | +115.84% | 28 qtrssince 2019-Q1 | Decreased 0 |
PALANTIR TECHNOLOGIES INC-A | 640,375 | $113.8M | 0.6% | $37.43 | +383.11% | 19 qtrssince 2021-Q2 | Decreased 0 |
ABBVIE INC | 496,417 | $113.4M | 0.6% | $74.83 | +198.30% | 28 qtrssince 2019-Q1 | Decreased 0 |
NETFLIX INC | 1.2M | $111.4M | 0.6% | $88.29 | +6.22% | 28 qtrssince 2019-Q1 | Increased 68 |
Arizona State Retirement System manages $18.4B across 2048 positions as of Q4 2025. Top holdings: NVDA (7.0%), AAPL (6.2%), MSFT (5.2%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 2.5/5.0.
Active quarter - 54 new positions, 85 exits, 156 increased. Top move: NFLX (INCREASED, conviction 68). Portfolio: $18.4B across 2048 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer