Skip to main content
Livermore
Livermore
ZHEN

Arizona State Retirement System

SEC CIK
0001558481
Latest filing
Aug 7, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 1, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
2,086
−44 vs. Q4 2024
Portfolio value
$15.7B
−$652.4M (−4.0%) vs. Q4 2024
Filed
May 1, 2025
SEC
Holdings of Arizona State Retirement System in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
AAPLApple Inc.Stock4,423,521$982.6M6.3%−3,689−0.1%ReducedHistory
NVDANVIDIA CorpStock7,221,247$782.6M5.0%−421,549−5.5%ReducedHistory
MSFTMicrosoft CorpStock2,078,238$780.1M5.0%+22,179+1.1%AddedHistory
AMZNAmazon Com IncStock2,788,602$530.6M3.4%+38,653+1.4%AddedHistory
METAMeta Platforms, Inc.Stock643,546$370.9M2.4%+7,472+1.2%AddedHistory
GOOGLAlphabet Inc.Stock1,732,120$267.9M1.7%+27,213+1.6%AddedHistory
GOOGAlphabet Inc.Stock1,475,986$230.6M1.5%+13,536+0.9%AddedHistory
TSLATesla, Inc.Stock847,858$219.7M1.4%+11,210+1.3%AddedHistory
AVGOBroadcom Inc.Stock1,306,238$218.7M1.4%+15,552+1.2%AddedHistory
BRK.BBerkshire Hathaway IncStock390,570$208.0M1.3%+5,148+1.3%AddedHistory
JPMJPMorgan Chase & CoStock820,359$201.2M1.3%−7,253−0.9%ReducedHistory
LLYEli Lilly & CoStock239,561$197.9M1.3%+4,599+2.0%AddedHistory
VVisa Inc.Stock514,099$180.2M1.1%+28,412+5.8%AddedHistory
XOMExxonMobil Holdings CorpCOM1,289,842$153.4M1.0%−1,913−0.1%ReducedHistory
UNHUnitedHealth Group IncStock274,438$143.7M0.9%+5,921+2.2%AddedHistory
MAMastercard IncStock240,557$131.9M0.8%+757+0.3%AddedHistory
COSTCostco Wholesale CorpStock132,602$125.4M0.8%+3,827+3.0%AddedHistory
PGProcter & Gamble CoStock691,140$117.8M0.7%+8,253+1.2%AddedHistory
JNJJohnson & JohnsonStock706,572$117.2M0.7%+7,159+1.0%AddedHistory
NFLXNetflix IncStock125,205$116.8M0.7%+508+0.4%AddedHistory
WMTWalmart Inc.Stock1,296,669$113.8M0.7%+11,881+0.9%AddedHistory
ABBVAbbVie Inc.Stock518,607$108.7M0.7%+5,599+1.1%AddedHistory
HDHome Depot, Inc.Stock288,827$105.9M0.7%+1420.0%AddedHistory
KOCoca Cola CoStock1,201,010$86.0M0.5%+12,640+1.1%AddedHistory
CVXChevron CorpStock501,028$83.8M0.5%−3,382−0.7%ReducedHistory
BACBank of America CorpStock1,975,659$82.4M0.5%−52,780−2.6%ReducedHistory
CRMSalesforce, Inc.Stock280,854$75.4M0.5%+3,217+1.2%AddedHistory
CSCOCisco Systems, Inc.Stock1,176,284$72.6M0.5%+18,441+1.6%AddedHistory
PMPhilip Morris International Inc.Stock456,301$72.4M0.5%+5,451+1.2%AddedHistory
ORCLOracle CorpStock495,851$69.3M0.4%+13,033+2.7%AddedHistory
IBMInternational Business Machines CorpStock273,240$67.9M0.4%+6,118+2.3%AddedHistory
WFCWells Fargo & CompanyStock945,042$67.8M0.4%−42,842−4.3%ReducedHistory
ABTAbbott LaboratoriesStock509,015$67.5M0.4%+4,496+0.9%AddedHistory
MRKMerck & Co., Inc.Stock742,380$66.6M0.4%+6,713+0.9%AddedHistory
MCDMcDonalds CorpStock210,308$65.7M0.4%+2,274+1.1%AddedHistory
LINLinde PLCStock139,603$65.0M0.4%+1,103+0.8%AddedHistory
GEGeneral Electric CoStock310,532$62.2M0.4%−3,822−1.2%ReducedHistory
PEPPepsiCo IncStock405,693$60.8M0.4%+7,718+1.9%AddedHistory
ACNAccenture plcStock192,561$60.1M0.4%+11,301+6.2%AddedHistory
TAT&T Inc.Stock2,105,753$59.6M0.4%+28,843+1.4%AddedHistory
TMOThermo Fisher Scientific Inc.Stock116,748$58.1M0.4%+5,991+5.4%AddedHistory
VZVerizon Communications IncStock1,235,411$56.0M0.4%+15,352+1.3%AddedHistory
DISWalt Disney CoStock531,461$52.5M0.3%+5,503+1.0%AddedHistory
PLTRPalantir Technologies Inc.Stock617,653$52.1M0.3%+28,847+4.9%AddedHistory
RTXRTX CorpStock390,617$51.7M0.3%+5,356+1.4%AddedHistory
ISRGIntuitive Surgical IncCOM NEW104,450$51.7M0.3%+1,442+1.4%AddedHistory
INTUIntuit Inc.Stock82,056$50.4M0.3%+833+1.0%AddedHistory
GSGoldman Sachs Group IncStock92,123$50.3M0.3%+582+0.6%AddedHistory
SPGIS&P Global Inc.Stock98,568$50.1M0.3%+5,816+6.3%AddedHistory
AMGNAmgen IncStock157,605$49.1M0.3%+2,044+1.3%AddedHistory
ADBEAdobe Inc.Stock127,705$49.0M0.3%+90.0%AddedHistory
AMDAdvanced Micro Devices IncStock476,179$48.9M0.3%+6,722+1.4%AddedHistory
PGRProgressive CorpStock171,919$48.7M0.3%+2,328+1.4%AddedHistory
QCOMQualcomm IncStock316,655$48.6M0.3%−6,129−1.9%ReducedHistory
NOWServiceNow, Inc.Stock60,455$48.1M0.3%+710+1.2%AddedHistory
CATCaterpillar IncStock141,689$46.7M0.3%+1,114+0.8%AddedHistory
TXNTexas Instruments IncStock259,685$46.7M0.3%−4,923−1.9%ReducedHistory
BSXBoston Scientific CorpStock455,300$45.9M0.3%+29,318+6.9%AddedHistory
BKNGBooking Holdings Inc.Stock9,682$44.6M0.3%−32−0.3%ReducedHistory
GILDGilead Sciences, Inc.Stock385,832$43.2M0.3%+26,089+7.3%AddedHistory
AXPAmerican Express CoStock160,027$43.1M0.3%−4,747−2.9%ReducedHistory
NEENextera Energy IncStock603,499$42.8M0.3%+8,240+1.4%AddedHistory
PFEPfizer IncStock1,663,108$42.1M0.3%+22,782+1.4%AddedHistory
UNPUnion Pacific CorpStock177,920$42.0M0.3%+1,573+0.9%AddedHistory
SCHWSchwab Charles CorpStock534,488$41.8M0.3%+71,513+15.4%AddedHistory
CMCSAComcast CorpStock1,132,484$41.8M0.3%+13,495+1.2%AddedHistory
BLKBlackRock, Inc.Stock43,179$40.9M0.3%+43,179NewHistory
TMUST-Mobile US, Inc.Stock153,204$40.9M0.3%+1,355+0.9%AddedHistory
UBERUber Technologies, IncStock556,171$40.5M0.3%+9,142+1.7%AddedHistory
HONHoneywell International IncCOM190,752$40.4M0.3%+2,671+1.4%AddedHistory
TJXTJX Companies IncStock329,909$40.2M0.3%+3,522+1.1%AddedHistory
MSMorgan StanleyStock342,266$39.9M0.3%−9,126−2.6%ReducedHistory
COPConocoPhillipsStock379,626$39.9M0.3%+2,311+0.6%AddedHistory
CCitigroup IncStock555,034$39.4M0.3%+3,125+0.6%AddedHistory
DHRDanaher CorpStock190,771$39.1M0.2%+2,565+1.4%AddedHistory
SYKStryker CorpStock100,688$37.5M0.2%+1,473+1.5%AddedHistory
BABoeing CoStock219,569$37.4M0.2%+9,050+4.3%AddedHistory
LOWLowes Companies IncStock159,492$37.2M0.2%−4,761−2.9%ReducedHistory
FISVFiserv IncStock166,961$36.9M0.2%+480+0.3%AddedHistory
VRTXVertex Pharmaceuticals IncStock75,537$36.6M0.2%+930+1.2%AddedHistory
ADPAutomatic Data Processing IncStock119,504$36.5M0.2%+1,588+1.3%AddedHistory
BMYBristol Myers Squibb CoStock595,214$36.3M0.2%+9,209+1.6%AddedHistory
DEDeere & CoStock75,931$35.6M0.2%+797+1.1%AddedHistory
MRSHMarsh & McLennan Companies, Inc.Stock146,034$35.6M0.2%+3,946+2.8%AddedHistory
AMATApplied Materials IncStock238,657$34.6M0.2%+640.0%AddedHistory
CBChubb LtdStock112,383$33.9M0.2%+1,481+1.3%AddedHistory
MDTMedtronic plcStock376,316$33.8M0.2%+5,852+1.6%AddedHistory
PANWPalo Alto Networks IncStock192,480$32.8M0.2%+4,184+2.2%AddedHistory
SBUXStarbucks CorpStock332,652$32.6M0.2%+5,193+1.6%AddedHistory
ETNEaton Corp plcStock115,980$31.5M0.2%+738+0.6%AddedHistory
PLDPrologis, Inc.REIT271,807$30.4M0.2%+4,405+1.6%AddedHistory
MOAltria Group, Inc.Stock505,152$30.3M0.2%+12,806+2.6%AddedHistory
AMTAmerican Tower CorpREIT137,137$29.8M0.2%+2,368+1.8%AddedHistory
ELVElevance Health, Inc.Stock68,063$29.6M0.2%+1,178+1.8%AddedHistory
SOSouthern CoStock321,553$29.6M0.2%+5,735+1.8%AddedHistory
ADIAnalog Devices IncStock145,485$29.3M0.2%+2,096+1.5%AddedHistory
ICEIntercontinental Exchange, Inc.Stock168,505$29.1M0.2%+2,933+1.8%AddedHistory
INTCIntel CorpStock1,265,322$28.7M0.2%+30,960+2.5%AddedHistory
MUMicron Technology IncStock326,926$28.4M0.2%+6,710+2.1%AddedHistory
BXBlackstone Inc.COM201,640$28.2M0.2%−6,697−3.2%ReducedHistory

Sold out since Q4 2024 (90)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Arizona State Retirement System sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
SMARSmartsheet IncCOM CL A38,364$2.15M<0.1%History
AZPNAspen Technology, Inc.COM8,259$2.06M<0.1%History
ALTRAltair Engineering Inc.COM CL A17,250$1.88M<0.1%History
EDREndeavor Group Holdings, Inc.CL A COM58,075$1.82M<0.1%History
SUMSummit Materials, Inc.CL A35,671$1.80M<0.1%History
ALTMArcadium Lithium plcStock312,106$1.60M<0.1%History
ALABAstera Labs, Inc.Stock11,356$1.50M<0.1%History
HCPHashiCorp, Inc.COM CL A43,267$1.48M<0.1%History
ENLCEnLink Midstream, LLCCOM UNIT REP LTD73,323$1.04M<0.1%History
CNRCore Natural Resources, Inc.COM8,530$910.0K<0.1%History
NARIInari Medical, Inc.Stock15,196$775.8K<0.1%History
HTLFHeartland Financial USA IncCOM12,418$761.3K<0.1%History
ARCHArch Resources, Inc.CL A5,253$741.8K<0.1%History
OUTOUTFRONT Media Inc.COM41,072$728.6K<0.1%History
Barnes Group Inc067806109COM14,017$662.4K<0.1%–
IBTXIndependent Bank Group, Inc.COM10,814$656.1K<0.1%History
ROICRetail Opportunity Investments CorpCOM36,968$641.8K<0.1%History
INFNInfinera CorpCOM61,537$404.3K<0.1%History
MTTRMatterport, Inc.COM CL A83,186$394.3K<0.1%History
ZUOZuora IncCOM CL A39,425$391.1K<0.1%History
CMCOColumbus McKinnon CorpCOM8,374$311.8K<0.1%History
PRAXPraxis Precision Medicines, Inc.COM NEW3,851$296.4K<0.1%History
PLAYDave & Buster's Entertainment, Inc.COM9,672$282.3K<0.1%History
TRNSTranscat IncCOM2,641$279.3K<0.1%History
PFCPremier Financial CorpCOM10,405$266.1K<0.1%History
AOSLAlpha & Omega Semiconductor LtdSHS7,137$264.3K<0.1%History
CECOCeco Environmental CorpCOM8,617$260.5K<0.1%History
XPELXPEL, Inc.COM6,380$254.8K<0.1%History
PDFSPDF Solutions IncCOM8,979$243.2K<0.1%History
BXCBlueLinx Holdings Inc.COM NEW2,351$240.2K<0.1%History
CALCaleres IncCOM10,216$236.6K<0.1%History
BZHBeazer Homes USA IncCOM NEW8,570$235.3K<0.1%History
MATWMatthews International CorpCL A8,400$232.5K<0.1%History
JACKJack in the Box IncCOM5,550$231.1K<0.1%History
CDMOAvid Bioservices, Inc.COM18,507$228.6K<0.1%History
EGBNEagle Bancorp IncCOM8,745$227.6K<0.1%History
FGF&G Annuities & Life, Inc.COMMON STOCK5,490$227.5K<0.1%History
JBSSSanfilippo John B & Son IncCOM2,611$227.4K<0.1%History
BYByline Bancorp, Inc.COM7,708$223.5K<0.1%History
AMRCAmeresco, Inc.CL A9,486$222.7K<0.1%History
ODPODP CorpCOM9,729$221.2K<0.1%History
ASIXAdvanSix Inc.COM7,753$220.9K<0.1%History
NTGRNetgear, Inc.COM7,904$220.3K<0.1%History
SSTKShutterstock, Inc.COM7,196$218.4K<0.1%History
MBUUMalibu Boats, Inc.COM CL A5,791$217.7K<0.1%History
MLRMiller Industries IncCOM NEW3,324$217.3K<0.1%History
CEVACeva IncCOM6,866$216.6K<0.1%History
MNROMonro, Inc.COM8,684$215.4K<0.1%History
DJCODaily Journal CorpCOM378$214.7K<0.1%History
IBCPIndependent Bank CorpCOM NEW6,050$210.7K<0.1%History
HAFCHanmi Financial CorpCOM NEW8,769$207.1K<0.1%History
SEZLSezzle Inc.COM809$206.9K<0.1%History
MLABMesa Laboratories IncCOM1,565$206.4K<0.1%History
ORRFOrrstown Financial Services IncCOM5,616$205.6K<0.1%History
VTLEVital Energy, Inc.COM6,649$205.6K<0.1%History
CSTLCastle Biosciences IncCOM7,599$202.5K<0.1%History
BJRIBJs RESTAURANTS INCCOM5,698$200.2K<0.1%History
TDWTidewater IncCOM3,657$200.1K<0.1%History
CFBCrossfirst Bankshares, Inc.COM12,134$183.8K<0.1%History
NMRANeumora Therapeutics, Inc.COM16,222$172.0K<0.1%History
GATOGatos Silver, Inc.COM12,075$168.8K<0.1%History
HAINHain Celestial Group IncCOM26,060$160.3K<0.1%History
PRTAProthena Corp Public Ltd CoSHS10,136$140.4K<0.1%History
CLDTChatham Lodging TrustCOM14,195$127.0K<0.1%History
PKSTPeakstone Realty TrustCommon Stock10,557$116.9K<0.1%History
SVCService Properties TrustCOM SH BEN INT45,656$116.0K<0.1%History
LESLLeslie's, Inc.COM50,982$113.7K<0.1%History
QTRXQuanterix CorpCOM10,569$112.3K<0.1%History
NOVASunnova Energy International Inc.COM32,613$111.9K<0.1%History
CYHCommunity Health Systems IncCOM36,292$108.5K<0.1%History
TBPHTheravance Biopharma, Inc.COM10,649$100.2K<0.1%History
THTarget Hospitality Corp.COM10,190$98.5K<0.1%History
HOUSAnywhere Real Estate Inc.COM29,065$95.9K<0.1%History
RGNXREGENXBIO Inc.COM12,169$94.1K<0.1%History
ALLOAllogene Therapeutics, Inc.COM42,481$90.5K<0.1%History
RVNCRevance Therapeutics, Inc.COM28,723$87.3K<0.1%History
OABIOmniAb, Inc.COM24,005$85.0K<0.1%History
GTNGray Media, IncCOM25,041$78.9K<0.1%History
MERCMercer International Inc.COM11,627$75.6K<0.1%History
SHCOSoho House & Co Inc.COM CL A10,071$75.0K<0.1%History
SAGESage Therapeutics, Inc.COM13,275$72.1K<0.1%History
BYNDBeyond Meat, Inc.COM17,897$67.3K<0.1%History
NXHNeighborhood Intelligence, Inc.COM13,278$65.5K<0.1%History
LXRXLexicon Pharmaceuticals, Inc.COM NEW62,976$46.5K<0.1%History
TNGXTango Therapeutics, Inc.COM13,976$43.2K<0.1%History
CATXPerspective Therapeutics, Inc.COM NEW12,720$40.6K<0.1%History
ALECAlector, Inc.COM19,772$37.4K<0.1%History
ANGIAngi Inc.COM CL A NEW18,863$31.3K<0.1%History
FLNAFilana Therapeutics, Inc.COM13,173$31.1K<0.1%History
APLTApplied Therapeutics, Inc.COM21,619$18.5K<0.1%History