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Livermore
Livermore
ZHEN

Arizona State Retirement System

SEC CIK
0001558481
Latest filing
Aug 7, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 3, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
2,081
+28 vs. Q2 2025
Portfolio value
$18.8B
+$1.41B (+8.1%) vs. Q2 2025
Filed
Nov 3, 2025
SEC
Holdings of Arizona State Retirement System in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
NVDANVIDIA CorpStock7,125,637$1.33B7.1%−8,176−0.1%ReducedHistory
AAPLApple Inc.Stock4,361,774$1.11B5.9%−29,821−0.7%ReducedHistory
MSFTMicrosoft CorpStock2,062,030$1.07B5.7%−1,980−0.1%ReducedHistory
AMZNAmazon Com IncStock2,790,306$612.7M3.3%−1,0560.0%ReducedHistory
METAMeta Platforms, Inc.Stock634,050$465.6M2.5%−5,993−0.9%ReducedHistory
AVGOBroadcom Inc.Stock1,304,897$430.5M2.3%−756−0.1%ReducedHistory
GOOGLAlphabet Inc.Stock1,699,640$413.2M2.2%−4,821−0.3%ReducedHistory
TSLATesla, Inc.Stock846,567$376.5M2.0%+4220.0%AddedHistory
GOOGAlphabet Inc.Stock1,434,794$349.4M1.9%−11,079−0.8%ReducedHistory
JPMJPMorgan Chase & CoStock811,386$255.9M1.4%−6,036−0.7%ReducedHistory
BRK.BBerkshire Hathaway IncStock395,780$199.0M1.1%+4,069+1.0%AddedHistory
LLYEli Lilly & CoStock235,237$179.5M1.0%−330−0.1%ReducedHistory
VVisa Inc.Stock499,815$170.6M0.9%−3,998−0.8%ReducedHistory
NFLXNetflix IncStock124,282$149.0M0.8%−628−0.5%ReducedHistory
MAMastercard IncStock250,248$142.3M0.8%+12,164+5.1%AddedHistory
XOMExxonMobil Holdings CorpCOM1,258,563$141.9M0.8%−5,780−0.5%ReducedHistory
ORCLOracle CorpStock494,758$139.1M0.7%+3,003+0.6%AddedHistory
WMTWalmart Inc.Stock1,281,931$132.1M0.7%−7,087−0.5%ReducedHistory
JNJJohnson & JohnsonStock702,656$130.3M0.7%−1,845−0.3%ReducedHistory
PLTRPalantir Technologies Inc.Stock661,241$120.6M0.6%+35,229+5.6%AddedHistory
COSTCostco Wholesale CorpStock129,511$119.9M0.6%−172−0.1%ReducedHistory
ABBVAbbVie Inc.Stock515,874$119.4M0.6%−1,274−0.2%ReducedHistory
HDHome Depot, Inc.Stock290,511$117.7M0.6%−570.0%ReducedHistory
BACBank of America CorpStock2,090,389$107.8M0.6%−21,626−1.0%ReducedHistory
PGProcter & Gamble CoStock684,777$105.2M0.6%−724−0.1%ReducedHistory
GEGeneral Electric CoStock311,506$93.7M0.5%−328−0.1%ReducedHistory
UNHUnitedHealth Group IncStock264,963$91.5M0.5%−2,446−0.9%ReducedHistory
CVXChevron CorpStock572,608$88.9M0.5%+87,535+18.0%AddedHistory
CSCOCisco Systems, Inc.Stock1,161,798$79.5M0.4%−1,037−0.1%ReducedHistory
KOCoca Cola CoStock1,194,690$79.2M0.4%−5220.0%ReducedHistory
WFCWells Fargo & CompanyStock940,468$78.8M0.4%−13,066−1.4%ReducedHistory
AMDAdvanced Micro Devices IncStock473,506$76.6M0.4%−1,399−0.3%ReducedHistory
IBMInternational Business Machines CorpStock271,225$76.5M0.4%+146+0.1%AddedHistory
PMPhilip Morris International Inc.Stock454,612$73.7M0.4%−416−0.1%ReducedHistory
GSGoldman Sachs Group IncStock89,603$71.4M0.4%−1,258−1.4%ReducedHistory
ABTAbbott LaboratoriesStock508,054$68.0M0.4%+1,037+0.2%AddedHistory
CRMSalesforce, Inc.Stock279,071$66.1M0.4%−1,870−0.7%ReducedHistory
CATCaterpillar IncStock137,328$65.5M0.3%−2,391−1.7%ReducedHistory
LINLinde PLCStock137,468$65.3M0.3%−715−0.5%ReducedHistory
RTXRTX CorpStock390,193$65.3M0.3%−820.0%ReducedHistory
MCDMcDonalds CorpStock208,835$63.5M0.3%−211−0.1%ReducedHistory
MRKMerck & Co., Inc.Stock733,588$61.6M0.3%−2,061−0.3%ReducedHistory
DISWalt Disney CoStock525,004$60.1M0.3%−3,490−0.7%ReducedHistory
TAT&T Inc.Stock2,101,363$59.3M0.3%+2,872+0.1%AddedHistory
UBERUber Technologies, IncStock580,218$56.8M0.3%+29,990+5.5%AddedHistory
PEPPepsiCo IncStock400,403$56.2M0.3%−459−0.1%ReducedHistory
NOWServiceNow, Inc.Stock60,467$55.6M0.3%−49−0.1%ReducedHistory
MSMorgan StanleyStock350,004$55.6M0.3%−3,626−1.0%ReducedHistory
INTUIntuit Inc.Stock81,463$55.6M0.3%−220−0.3%ReducedHistory
MUMicron Technology IncStock326,823$54.7M0.3%+323+0.1%AddedHistory
CCitigroup IncStock537,658$54.6M0.3%−12,503−2.3%ReducedHistory
AXPAmerican Express CoStock163,672$54.4M0.3%−299−0.2%ReducedHistory
VZVerizon Communications IncStock1,231,292$54.1M0.3%−2,395−0.2%ReducedHistory
TMOThermo Fisher Scientific Inc.Stock110,268$53.5M0.3%−90−0.1%ReducedHistory
QCOMQualcomm IncStock315,900$52.6M0.3%−7,294−2.3%ReducedHistory
BKNGBooking Holdings Inc.Stock9,503$51.3M0.3%−61−0.6%ReducedHistory
BLKBlackRock, Inc.Stock42,995$50.1M0.3%−58−0.1%ReducedHistory
LRCXLam Research CorpStock373,547$50.0M0.3%−1,532−0.4%ReducedHistory
GEVGE Vernova Inc.Stock79,717$49.0M0.3%−193−0.2%ReducedHistory
TXNTexas Instruments IncStock265,306$48.7M0.3%−627−0.2%ReducedHistory
APPAppLovin CorpCOM CL A67,394$48.4M0.3%−332−0.5%ReducedHistory
SCHWSchwab Charles CorpStock504,034$48.1M0.3%+360+0.1%AddedHistory
AMATApplied Materials IncStock234,358$48.0M0.3%−3,083−1.3%ReducedHistory
BABoeing CoStock220,216$47.5M0.3%+255+0.1%AddedHistory
TJXTJX Companies IncStock325,753$47.1M0.3%−823−0.3%ReducedHistory
ISRGIntuitive Surgical IncCOM NEW104,671$46.8M0.2%−80.0%ReducedHistory
ANETArista Networks, Inc.Stock311,801$45.4M0.2%−1,539−0.5%ReducedHistory
NEENextera Energy IncStock601,509$45.4M0.2%−302−0.1%ReducedHistory
ACNAccenture plcStock181,880$44.9M0.2%−1,134−0.6%ReducedHistory
SPGIS&P Global Inc.Stock91,693$44.6M0.2%−56−0.1%ReducedHistory
AMGNAmgen IncStock157,029$44.3M0.2%−620.0%ReducedHistory
APHAmphenol CorpCL A353,274$43.7M0.2%−982−0.3%ReducedHistory
ADBEAdobe Inc.Stock123,881$43.7M0.2%−672−0.5%ReducedHistory
ETNEaton Corp plcStock114,314$42.8M0.2%−216−0.2%ReducedHistory
INTCIntel CorpStock1,273,854$42.7M0.2%−2670.0%ReducedHistory
PFEPfizer IncStock1,661,021$42.3M0.2%+3,011+0.2%AddedHistory
PGRProgressive CorpStock171,226$42.3M0.2%−156−0.1%ReducedHistory
BSXBoston Scientific CorpStock432,094$42.2M0.2%−301−0.1%ReducedHistory
KLACKLA CorpCOM NEW38,619$41.7M0.2%−192−0.5%ReducedHistory
UNPUnion Pacific CorpStock174,484$41.2M0.2%−722−0.4%ReducedHistory
LOWLowes Companies IncStock163,610$41.1M0.2%−150.0%ReducedHistory
GILDGilead Sciences, Inc.Stock363,270$40.3M0.2%−1,039−0.3%ReducedHistory
COFCapital One Financial CorpStock186,951$39.7M0.2%+290.0%AddedHistory
PANWPalo Alto Networks IncStock194,729$39.7M0.2%+1,284+0.7%AddedHistory
HONHoneywell International IncCOM187,686$39.5M0.2%−1,885−1.0%ReducedHistory
DHRDanaher CorpStock188,131$37.3M0.2%−110−0.1%ReducedHistory
SYKStryker CorpStock100,475$37.1M0.2%+500.0%AddedHistory
BXBlackstone Inc.COM213,083$36.4M0.2%−156−0.1%ReducedHistory
TMUST-Mobile US, Inc.Stock149,216$35.7M0.2%+15,776+11.8%AddedHistory
CRWDCrowdStrike Holdings, Inc.Stock72,790$35.7M0.2%+327+0.5%AddedHistory
MDTMedtronic plcStock374,174$35.6M0.2%−768−0.2%ReducedHistory
ADIAnalog Devices IncStock144,922$35.6M0.2%+250.0%AddedHistory
COPConocoPhillipsStock368,668$34.9M0.2%−902−0.2%ReducedHistory
ADPAutomatic Data Processing IncStock118,544$34.8M0.2%−336−0.3%ReducedHistory
DEDeere & CoStock75,174$34.4M0.2%−204−0.3%ReducedHistory
CMCSAComcast CorpStock1,087,612$34.2M0.2%−14,656−1.3%ReducedHistory
WELLWelltower Inc.REIT191,042$34.0M0.2%+1,483+0.8%AddedHistory
MOAltria Group, Inc.Stock491,993$32.5M0.2%−997−0.2%ReducedHistory
CBChubb LtdStock111,211$31.4M0.2%−69−0.1%ReducedHistory
MELIMercadolibre IncCOM13,324$31.1M0.2%+7+0.1%AddedHistory

Sold out since Q2 2025 (51)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Arizona State Retirement System sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
HESHess CorpStock85,903$11.9M0.1%History
ANSSAnsys IncCOM25,605$8.99M0.1%History
JNPRJuniper Networks IncCOM97,385$3.89M<0.1%History
WBAWalgreens Boots Alliance, Inc.COM214,421$2.46M<0.1%History
SKXSkechers USA IncCL A38,284$2.42M<0.1%History
BPMCBlueprint Medicines CorpCOM18,651$2.39M<0.1%History
Paramount Global92556H206CL B182,584$2.36M<0.1%–
AZEKAZEK Co Inc.CL A41,981$2.28M<0.1%History
CHXChampionX CorpCOM55,694$1.38M<0.1%History
GMSGMS Inc.COM11,204$1.22M<0.1%History
ESGREnstar Group LTDSHS3,256$1.10M<0.1%History
AMEDAmedisys IncCOM9,569$941.5K<0.1%History
RKTRocket Companies, Inc.Stock66,020$936.2K<0.1%History
DNBDun & Bradstreet Holdings, Inc.COM88,933$808.4K<0.1%History
FLFoot Locker, Inc.COM24,940$611.0K<0.1%History
PPBIPacific Premier Bancorp IncCOM28,333$597.5K<0.1%History
TGITriumph Group IncCOM21,464$552.7K<0.1%History
STRSitio Royalties Corp.CLASS A COM22,797$419.0K<0.1%History
NVEENV5 Global, Inc.COM17,111$395.1K<0.1%History
EVRIEveri Holdings Inc.COM25,226$359.2K<0.1%History
UNITUniti Group Inc.COM71,276$307.9K<0.1%History
MLTXMoonLake ImmunotherapeuticsCLASS A ORD6,428$303.4K<0.1%History
KLGWK Kellogg CoCOM18,867$300.7K<0.1%History
OLOOlo Inc.CL A32,080$285.5K<0.1%History
BRKLBrookline Bancorp IncCOM26,242$276.9K<0.1%History
BASECouchbase, Inc.COM10,848$264.5K<0.1%History
SPTNSpartanNash CoCOM9,864$261.3K<0.1%History
GRPNGroupon, Inc.COM NEW7,551$252.6K<0.1%History
PLAYDave & Buster's Entertainment, Inc.COM8,048$242.1K<0.1%History
BJRIBJs RESTAURANTS INCCOM5,300$236.4K<0.1%History
TRNSTranscat IncCOM2,716$233.5K<0.1%History
KFRCKforce IncCOM5,578$229.4K<0.1%History
RDUSRadius Recycling, Inc.CL A7,354$218.3K<0.1%History
NBBKNB Bancorp, Inc.COM11,601$207.2K<0.1%History
VERVVerve Therapeutics, Inc.COM16,827$189.0K<0.1%History
ETWOE2open Parent Holdings, Inc.COM CL A45,140$145.8K<0.1%History
WNCWabash National CorpCOM12,341$131.2K<0.1%History
RXSTRxSight, Inc.COM10,035$130.5K<0.1%History
Chiron Real Estate Inc.37954A204COM NEW18,542$128.5K<0.1%–
FTREFortrea Holdings Inc.COMMON STOCK24,980$123.4K<0.1%History
CAPRCapricor Therapeutics, Inc.COM NEW11,969$118.9K<0.1%History
SWBISmith & Wesson Brands, Inc.COM12,842$111.5K<0.1%History
CTKBCytek Biosciences, Inc.COM31,721$107.9K<0.1%History
ZIPZiprecruiter, Inc.CL A21,268$106.6K<0.1%History
BFLYButterfly Network, Inc.COM CL A50,545$101.1K<0.1%History
BGSB&G Foods, Inc.COM23,096$97.7K<0.1%History
JELDJELD-WEN Holding, Inc.COM24,913$97.7K<0.1%History
SLQTSelectQuote, Inc.COM40,191$95.7K<0.1%History
BVSBioventus Inc.COM CL A10,596$70.1K<0.1%History
RCKTRocket Pharmaceuticals, Inc.COM23,250$57.0K<0.1%History
SVRASavara IncCOM22,626$51.6K<0.1%History