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Institution

Arizona State Retirement System

13F for the quarter to June 30, 2026, filed August 7, 2026 · SEC CIK 1558481

Reported value
$19.9bn
95% in companies we cover
Positions we cover
1,999
Largest NVDA 6.4%
Copy, a year
+13.6%
S&P 500 +13.9%
Copy Sharpe ratio
0.74
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.1k$53.5k
CopyS&P 500 $10,000 copying Arizona State Retirement System's filed holdings in companies we cover from September 20, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.6% (S&P 500 −31.8%); beta 1.02; alpha −0.5% a year (t = −0.92); last 12 months +10.7% against +12.1%.

Reported value by quarter

Arizona State Retirement System: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $5T $10T $15T Reported value, 2013-03-31: $7B Reported value, 2013-06-30: $7.3B Reported value, 2013-09-30: $7.8B Reported value, 2013-12-31: $8.1B Reported value, 2014-03-31: $7.9B Reported value, 2014-06-30: $8.3B Reported value, 2014-09-30: $8.1B Reported value, 2014-12-31: $8.5B Reported value, 2015-09-30: $7.1B Reported value, 2015-12-31: $7.5B Reported value, 2016-03-31: $7.7B Reported value, 2016-06-30: $7.1B Reported value, 2016-09-30: $6.6B Reported value, 2016-12-31: $6.8B Reported value, 2017-03-31: $7.1B Reported value, 2017-06-30: $7.2B Reported value, 2017-09-30: $8.4B Reported value, 2017-12-31: $10.3B Reported value, 2018-03-31: $9.9B Reported value, 2018-06-30: $9.9B Reported value, 2018-09-30: $10.6B Reported value, 2018-12-31: $7.8B Reported value, 2019-03-31: $8.4B Reported value, 2019-06-30: $8.6B Reported value, 2019-09-30: $8.2B Reported value, 2019-12-31: $8.3B Reported value, 2020-03-31: $5.8B Reported value, 2020-06-30: $7.1B Reported value, 2020-09-30: $10.1B Reported value, 2020-12-31: $11B Reported value, 2021-03-31: $11.4B Reported value, 2021-06-30: $12.3B Reported value, 2021-09-30: $12.3B Reported value, 2021-12-31: $13.1B Reported value, 2022-03-31: $12.4B Reported value, 2022-06-30: $10.3B Reported value, 2022-09-30: $9.7B Reported value, 2022-12-31: $10.4T Reported value, 2023-03-31: $11.1B Reported value, 2023-06-30: $12.3B Reported value, 2023-09-30: $11.8B Reported value, 2023-12-31: $13.2B Reported value, 2024-03-31: $14.5B Reported value, 2024-06-30: $15B Reported value, 2024-09-30: $15.9B Reported value, 2024-12-31: $16.4B Reported value, 2025-03-31: $15.7B Reported value, 2025-06-30: $17.4B Reported value, 2025-09-30: $18.8B Reported value, 2025-12-31: $18.4B Reported value, 2026-03-31: $17.1B Reported value, 2026-06-30: $19.9B 2013-03-31 2016-06-30 2019-03-31 2021-12-31 2026-06-30 $19.9B
View chart data
Period Reported value
2013-03-31 $7B
2013-06-30 $7.3B
2013-09-30 $7.8B
2013-12-31 $8.1B
2014-03-31 $7.9B
2014-06-30 $8.3B
2014-09-30 $8.1B
2014-12-31 $8.5B
2015-09-30 $7.1B
2015-12-31 $7.5B
2016-03-31 $7.7B
2016-06-30 $7.1B
2016-09-30 $6.6B
2016-12-31 $6.8B
2017-03-31 $7.1B
2017-06-30 $7.2B
2017-09-30 $8.4B
2017-12-31 $10.3B
2018-03-31 $9.9B
2018-06-30 $9.9B
2018-09-30 $10.6B
2018-12-31 $7.8B
2019-03-31 $8.4B
2019-06-30 $8.6B
2019-09-30 $8.2B
2019-12-31 $8.3B
2020-03-31 $5.8B
2020-06-30 $7.1B
2020-09-30 $10.1B
2020-12-31 $11B
2021-03-31 $11.4B
2021-06-30 $12.3B
2021-09-30 $12.3B
2021-12-31 $13.1B
2022-03-31 $12.4B
2022-06-30 $10.3B
2022-09-30 $9.7B
2022-12-31 $10.4T
2023-03-31 $11.1B
2023-06-30 $12.3B
2023-09-30 $11.8B
2023-12-31 $13.2B
2024-03-31 $14.5B
2024-06-30 $15B
2024-09-30 $15.9B
2024-12-31 $16.4B
2025-03-31 $15.7B
2025-06-30 $17.4B
2025-09-30 $18.8B
2025-12-31 $18.4B
2026-03-31 $17.1B
2026-06-30 $19.9B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation6.44%$1.3bn6.41M−3.8% Reduced
AAPLApple Inc.5.93%$1.2bn4.07M+1.2% Added
MSFTMicrosoft Corporation3.67%$730.2m1.96M+1.2% Added
AMZNAmazon3.22%$640.1m2.69M+1.9% Added
GOOGLAlphabet Inc. (Class A)2.90%$577.3m1.62M+1.3% Added
AVGOBroadcom2.37%$471.5m1.25M+1.1% Added
MUMicron Technology1.82%$361.2m312.9K+1.5% Added
METAMeta Platforms1.73%$343.2m609.4K+2.1% Added
TSLATesla, Inc.1.65%$328.5m780.9K+0.8% Added
LLYLilly (Eli)1.34%$267.3m222.8K+1.2% Added
AMDAdvanced Micro Devices1.32%$262.8m452.4K+1.4% Added
JPMJPMorgan Chase1.23%$243.6m744.3K−0.2%
INTCIntel0.86%$170.2m1.22M−1.5% Reduced
JNJJohnson & Johnson0.85%$169.7m668.3K+1.2% Added
VVisa Inc.0.81%$160.0m466.5K+1.0% Added
AMATApplied Materials0.80%$159.2m220.2K+1.4% Added
LRCXLam Research0.76%$150.2m346.5K+0.7% Added
WMTWalmart0.69%$137.8m1.22M+1.3% Added
CATCaterpillar Inc.0.69%$137.5m129.1K+0.7% Added
CSCOCisco0.65%$128.7m1.10M+1.2% Added
ABBVAbbVie0.62%$123.5m490.8K+1.3% Added
MAMastercard0.59%$116.7m227.2K−2.1% Reduced
COSTCostco0.58%$115.2m123.1K+1.2% Added
KLACKLA Corporation0.55%$109.7m363.7K+910.3% Added
GEGE Aerospace0.55%$108.4m289.9K+0.3%
BACBank of America0.54%$107.3m1.88M+0.3%
UNHUnitedHealth Group0.53%$104.7m251.9K+1.5% Added
HDThe Home Depot0.49%$97.5m276.4K+1.3% Added
PGProcter & Gamble0.47%$94.6m644.9K+0.7% Added
SNDKSandisk0.45%$90.3m39.7K+3.8% Added
MRKMerck & Co.0.44%$88.2m686.0K+0.9% Added
GEVGE Vernova0.44%$87.9m74.8K+0.6% Added
KOThe Coca-Cola Company0.44%$87.4m1.07M−4.0% Reduced
CVXChevron Corporation0.43%$84.9m512.2K−2.3% Reduced
NFLXNetflix0.42%$83.4m1.17M+0.6% Added
GSGoldman Sachs0.42%$82.8m81.9K−0.4%
PMPhilip Morris International0.39%$78.2m432.5K+1.4% Added
PANWPalo Alto Networks0.39%$76.7m225.0K+1.6% Added
TXNTexas Instruments0.38%$75.3m252.6K+1.5% Added
IBMIBM0.37%$73.2m260.3K+1.6% Added
RTXRTX Corporation0.36%$70.9m373.5K+1.6% Added
PLTRPalantir Technologies Inc.0.35%$70.5m604.3K−3.4% Reduced
MRVLMarvell Technology0.35%$70.5m236.6K+1.8% Added
WFCWells Fargo0.35%$70.3m850.3K−1.1% Reduced
ORCLOracle Corporation0.35%$70.2m478.8K+1.4% Added
MSMorgan Stanley0.35%$68.7m328.8K+1.1% Added
LINLinde plc0.34%$66.7m128.6K+0.5% Added
CCitigroup0.33%$66.2m473.3K−3.4% Reduced
WDCWestern Digital0.31%$61.3m96.0K+2.5% Added
APHAmphenol0.30%$60.2m341.1K+1.7% Added
STXSeagate Technology0.29%$58.5m60.6K+2.4% Added
GLWCorning Inc.0.28%$56.3m220.5K−1.2% Reduced
QCOMQualcomm0.28%$54.7m296.1K+1.7% Added
AMGNAmgen0.27%$54.2m149.6K+1.4% Added
ADIAnalog Devices0.27%$53.8m135.5K+1.0% Added
MCDMcDonald's0.27%$53.3m197.1K+1.0% Added
CRWDCrowdStrike0.26%$52.3m68.5K−0.8% Reduced
TMOThermo Fisher Scientific0.26%$51.7m103.1K+0.1%
PEPPepsiCo0.26%$51.4m379.3K+1.2% Added
NEENextEra Energy0.26%$50.8m578.6K+2.6% Added
ANETArista Networks0.25%$50.3m296.4K+1.0% Added
AXPAmerican Express0.25%$49.9m147.5K−2.3% Reduced
VZVerizon0.25%$49.1m1.16M+0.4%
DISThe Walt Disney Company0.24%$47.3m491.6K+0.5% Added
TJXTJX Companies0.23%$46.5m307.1K+0.9% Added
ETNEaton Corporation0.23%$45.9m107.7K+1.2% Added
BABoeing0.23%$44.8m207.2K−3.5% Reduced
UNPUnion Pacific Corporation0.23%$44.8m164.7K+1.4% Added
WELLWelltower0.22%$44.4m195.5K+4.0% Added
ABTAbbott Laboratories0.22%$43.9m483.3K+1.4% Added
GILDGilead Sciences0.22%$43.5m344.4K+1.3% Added
DEDeere & Company0.21%$42.8m67.5K−4.2% Reduced
SCHWCharles Schwab Corporation0.21%$42.3m458.2K−0.9% Reduced
TAT&T0.20%$40.1m1.94M−0.3%
BLKBlackRock0.20%$39.4m41.0K+1.4% Added
ISRGIntuitive Surgical0.20%$39.2m98.6K+1.5% Added
BKNGBooking Holdings0.20%$38.7m217.3K+2360.6% Added
PFEPfizer0.19%$38.0m1.58M+1.4% Added
CVSCVS Health0.18%$36.5m353.0K+1.5% Added
DELLDell Technologies0.18%$36.1m83.6K−3.8% Reduced
UBERUber0.18%$35.7m494.5K−8.5% Reduced
PGRProgressive Corporation0.18%$35.5m162.3K+1.1% Added
COPConocoPhillips0.18%$35.3m339.2K+0.2%
VRTXVertex Pharmaceuticals0.18%$35.1m70.6K+1.5% Added
PLDPrologis0.18%$35.0m258.7K+1.6% Added
CRMSalesforce0.17%$34.7m221.3K−13.8% Reduced
LOWLowe's0.17%$34.3m155.4K+1.1% Added
SPGIS&P Global0.17%$34.3m84.1K−1.0% Reduced
PHParker Hannifin0.17%$34.3m35.0K+1.3% Added
VRTVertiv0.17%$33.8m100.9K+2.1% Added
DHRDanaher Corporation0.17%$33.7m176.7K+1.4% Added
MOAltria0.17%$33.4m463.8K+0.8% Added
COFCapital One0.17%$33.3m166.0K−4.7% Reduced
CBChubb Limited0.17%$33.1m97.0K−5.3% Reduced
APPApplovin Corp0.17%$32.8m63.7K+0.8% Added
BMYBristol Myers Squibb0.16%$32.6m566.5K+1.6% Added
SBUXStarbucks0.16%$32.3m316.1K+1.5% Added
TTTrane Technologies0.15%$30.2m61.4K+1.0% Added
SYKStryker Corporation0.15%$30.1m95.6K+1.4% Added
PWRQuanta Services0.15%$30.0m41.6K+2.7% Added
SOSouthern Company0.15%$29.9m312.8K+3.7% Added
HWMHowmet Aerospace0.15%$29.9m111.3K+6.3% Added
LMTLockheed Martin0.15%$29.3m57.6K+0.8% Added
NOWServiceNow0.14%$28.8m290.2K+2.1% Added
CDNSCadence Design Systems Inc0.14%$28.8m76.6K+2.7% Added
EQIXEquinix0.14%$28.5m27.4K+1.7% Added
NEMNewmont0.14%$28.0m299.7K+0.2%
MDTMedtronic0.14%$27.9m356.3K+1.4% Added
BNYBNY Mellon0.14%$27.6m190.6K+1.1% Added
PNCPNC Financial Services0.14%$27.5m111.5K+4.4% Added
CMICummins0.14%$27.3m38.3K+1.3% Added
DUKDuke Energy0.14%$27.3m215.9K+1.3% Added
FTNTFortinet0.14%$26.8m174.5K+0.8% Added
USBU.S. Bancorp0.13%$26.0m430.7K+1.1% Added
MCKMcKesson0.13%$25.7m34.0K+0.5%
WMBWilliams Companies0.13%$25.2m339.3K+1.4% Added
FCXFreeport-McMoRan0.13%$25.1m398.8K+1.4% Added
ADPAutomatic Data Processing0.13%$25.0m111.7K+0.8% Added
WMWaste Management0.13%$24.9m111.8K+1.3% Added
JCIJohnson Controls0.13%$24.8m169.8K+1.3% Added
CSXCSX Corporation0.12%$24.5m516.1K+1.2% Added
CMCSAComcast0.12%$24.4m995.7K0.0%
BXBlackstone Inc.0.12%$24.2m205.9K+1.8% Added
SPCXSpace Exploration Technologies Corp0.12%$24.2m141.6KNew
MMM3M0.12%$23.7m146.1K+0.4%
ELVElevance Health0.12%$23.6m61.0K+0.1%
BEBloom Energy0.12%$23.4m77.4K+26.7% Added
DDOGDatadog, Inc.0.12%$23.3m89.6K+6.6% Added
SNOWSnowflake Inc.0.12%$23.2m91.1K+3.3% Added
TMUST-Mobile US0.12%$23.1m137.6K−0.2%
ADBEAdobe Inc.0.12%$23.0m112.2K−2.2% Reduced
GDGeneral Dynamics0.11%$22.6m63.9K+1.5% Added
SNPSSynopsys Inc0.11%$22.5m50.5K−3.7% Reduced
MARMarriott International0.11%$22.5m60.6K−3.0% Reduced
SHWSherwin-Williams0.11%$22.5m65.2K+1.0% Added
RCLRoyal Caribbean Group0.11%$22.4m70.7K−0.4%
EMREmerson Electric0.11%$22.3m155.9K+1.3% Added
MRSHMarsh McLennan0.11%$22.3m133.7K−0.4%
CMECME Group0.11%$22.2m100.7K+1.9% Added
UPSUnited Parcel Service0.11%$22.2m206.6K+2.0% Added
TERTeradyne0.11%$21.7m44.9K+5.5% Added
VLOValero Energy0.11%$21.6m83.0K−0.7% Reduced
MELIMercadolibre Inc0.11%$21.5m12.7K+1.3% Added
ORLYO'Reilly Automotive0.11%$21.4m232.2K+0.4%
CEGConstellation Energy0.11%$21.2m85.5K+1.3% Added
ACNAccenture0.11%$21.2m170.4K+1.0% Added
AMTAmerican Tower0.11%$21.2m129.3K+0.8% Added
NETCloudflare, Inc.0.11%$21.1m86.1K−0.6% Reduced
COHRCoherent Corp.0.10%$21.0m53.2K+25.3% Added
HLTHilton Worldwide0.10%$21.0m63.5K−0.3%
CompanyBought (value)Shares
KLACKLA Corporation$98.9m327.7K
BKNGBooking Holdings$37.2m208.5K
SPCXSpace Exploration Technologies Corp$24.2m141.6K
HONHoneywell Technologies$19.7m88.2K
HONAHoneywell Aerospace$19.5m88.2K
AAPLApple Inc.$13.5m46.8K
AMZNAmazon$11.8m49.6K
CCLCarnival Corporation$10.5m366.6K
CVNACarvana$9.7m147.9K
MSFTMicrosoft Corporation$8.6m22.9K
GOOGLAlphabet Inc. (Class A)$7.5m21.0K
METAMeta Platforms$7.1m12.6K
DVNDevon Energy$5.9m142.4K
DDDuPont$5.3m39.2K
AVGOBroadcom$5.3m14.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NVDANVIDIA Corporation−$50.4m−252.1K
CRMSalesforce−$5.5m−35.4K
KOThe Coca-Cola Company−$3.7m−45.0K
UBERUber−$3.3m−46.2K
INTCIntel−$2.7m−19.1K
PLTRPalantir Technologies Inc.−$2.5m−21.6K
MAMastercard−$2.5m−4.9K
CCitigroup−$2.4m−16.9K
CVXChevron Corporation−$2.0m−12.0K
DEDeere & Company−$1.9m−2.9K
CBChubb Limited−$1.8m−5.4K
COFCapital One−$1.6m−8.2K
BABoeing−$1.6m−7.4K
DELLDell Technologies−$1.4m−3.3K
AXPAmerican Express−$1.2m−3.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
PAHCPhibro Animal Health Corp$310,6765.6K
TRTootsie Roll Industries Inc$227,3995.3K
SCHLScholastic Corp$224,4395.7K
ADArray Digital Infrastructure, Inc.$203,2474.4K
ONTOnterris, Inc.$202,0459.2K
NPKNational Presto Industries Inc$201,3411.5K
AMPHAmphastar Pharmaceuticals, Inc.$197,82010.1K
NAVNNavan, Inc.$169,71012.8K
MTUSMetallus Inc.$168,31810.3K
PARPAR Technology Corp$148,88311.2K
CNNECannae Holdings, Inc.$143,87612.7K
SBGISinclair, Inc.$130,53910.1K
MDXGMimedx Group, Inc.$128,54932.5K
GRNDGrindr Inc.$122,90710.2K
AHRTAH Realty Trust, Inc.$121,47922.1K
MYGNMyriad Genetics Inc$115,21425.6K
YEXTYext, Inc.$112,46629.3K
CWHCamping World Holdings, Inc.$111,69816.4K
NRDSNerdwallet, Inc.$107,39110.3K
AIOTPowerfleet, Inc.$101,89333.1K
ABATAmerican Battery Technology Co$99,60035.7K
BLNDBlend Labs, Inc.$96,07056.5K
KREFKKR Real Estate Finance Trust Inc.$93,70315.3K
RPDRapid7, Inc.$89,19016.2K
HPPHudson Pacific Properties, Inc.$88,01814.9K
ABXAbacus Global Management, Inc.$84,82010.8K
SPTSprout Social, Inc.$83,26014.6K
ANGIAngi Inc.$69,01410.1K
LABStandard Biotools Inc.$62,69768.2K
SESSES AI Corp$55,76358.0K
  • Technology37.4%
  • Financials11.4%
  • Industrials10.8%
  • Health Care9.9%
  • Consumer Discretionary9.7%
  • Communication Services6.8%
  • Consumer Staples4.6%
  • Energy2.5%
  • Materials2.3%
  • Real Estate2.3%
  • Utilities2.3%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestSeptember 20, 2013 to November 2, 2026+13.6%+13.9%0.740.77−33.6%1.02
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.1%+13.9%0.600.66−33.6%1.03
Last three yearsNovember 3, 2023 to November 2, 2026+20.8%+21.8%1.081.16−17.8%1.02
Last yearNovember 7, 2025 to November 2, 2026+12.7%+14.2%0.740.84−8.9%0.96

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.