ARIZONA STATE RETIREMENT SYSTEM
PensionFiling Date
Global Rank
#305
/ 8,586
▼ 13
Top Industry
Semiconductors
12.1%
3Y Alpha vs SPY
-3.5%
Period ended 3 months ago
Filed May 1, 2026 · 46d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+63.4%
SPY
+78.1%
Annualised alpha
-3.4%
Max drawdown
−19.3%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
2,031 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
7.0%
−0.2 pts
Top 5
23.4%
−1.9 pts
Top 10
32.0%
−2.8 pts
HHI
156
Diversified−21
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 32.4% | $5,415,011,564 |
| Financial Services | 12.7% | $2,117,410,612 |
| Consumer Cyclical | 10.4% | $1,735,931,876 |
| Healthcare | 10.2% | $1,697,427,257 |
| Industrials | 9.8% | $1,633,899,556 |
| Communication Services | 7.7% | $1,278,987,884 |
| Consumer Defensive | 5.2% | $862,055,068 |
| Energy | 4.3% | $725,841,876 |
| Utilities | 2.5% | $425,075,862 |
| Real Estate | 2.5% | $416,572,023 |
| Basic Materials | 2.2% | $375,336,219 |
| Unclassified | 0.1% | $8,872,793 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| HBAN | Huntington Bancshares Inc /Md/ | +119,476 | 550,804 | $8,620,082 | |
| FITB | Fifth Third Bancorp | +62,666 | 244,323 | $11,351,246 | |
| PLUG | Plug Power Inc | +49,673 | 363,138 | $820,691 | |
| COMP | Compass, Inc. | +39,821 | 176,550 | $1,290,580 | |
| GPGI | GPGI, Inc. | +35,754 | 51,320 | $877,572 | |
| RYN | Rayonier Inc | +34,113 | 78,798 | $1,624,814 | |
| PANW | Palo Alto Networks Inc | +30,694 | 221,398 | $35,494,527 | |
| SM | SM Energy Co | +27,214 | 58,929 | $1,837,406 | |
| RXRX | Recursion Pharmaceuticals, Inc. | +20,383 | 121,706 | $373,637 | |
| AUR | Aurora Innovation, Inc. | +16,319 | 328,909 | $1,355,105 | |
| CRWV | CoreWeave, Inc. | +16,194 | 64,274 | $4,979,306 | |
| ONDS | Ondas Inc. | +14,802 | 111,180 | $1,005,067 | |
| SOFI | SoFi Technologies, Inc. | +14,522 | 343,363 | $5,452,604 | |
| CCL | Carnival Corp Ltd. | +13,719 | 302,488 | $7,828,389 | |
| SF | Stifel Financial Corp | +13,428 | 41,955 | $3,101,313 | |
| SARO | StandardAero, Inc. | +12,922 | 54,166 | $1,399,107 | |
| TEX | Terex Corp | +12,840 | 31,163 | $1,841,733 | |
| BTSG | BrightSpring Health Services, Inc. | +12,368 | 39,553 | $1,685,353 | |
| RKLB | Rocket Lab Corp | +10,451 | 130,627 | $8,388,865 | |
| WAT | Waters Corp /De/ | +10,372 | 26,733 | $7,961,087 | |
| ORC | Orchid Island Capital, Inc. | +9,531 | 50,361 | $354,037 | |
| EVLV | Evolv Technologies Holdings, Inc. | +9,519 | 43,167 | $261,160 | |
| NLY | Annaly Capital Management Inc | +9,334 | 185,594 | $3,925,313 | |
| TTAN | ServiceTitan, Inc. | +8,963 | 15,576 | $988,452 | |
| NB | Niocorp Developments Ltd | +8,796 | 39,918 | $178,034 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVDA | Nvidia Corp | −247,968 | 6,657,774 | $1,161,115,785 | |
| AAPL | Apple Inc. | −167,619 | 4,026,974 | $1,022,005,731 | |
| BAC | Bank Of America Corp /De/ | −99,891 | 1,877,644 | $91,535,145 | |
| T | At&T Inc. | −96,354 | 1,943,801 | $56,350,790 | |
| AMZN | Amazon Com Inc | −72,266 | 2,636,038 | $549,007,634 | |
| MSFT | Microsoft Corp | −59,108 | 1,934,523 | $716,102,378 | |
| GOOGL | Alphabet Inc. | −51,996 | 1,594,517 | $458,519,308 | |
| XOM | Exxon Mobil Corp | −51,872 | 1,155,274 | $196,003,786 | |
| KO | Coca Cola Co | −46,688 | 1,119,915 | $85,169,535 | |
| CSCO | Cisco Systems, Inc. | −46,629 | 1,082,530 | $83,993,502 | |
| PFE | Pfizer Inc | −42,519 | 1,557,209 | $43,726,428 | |
| CMCSA | Comcast Corp | −42,223 | 995,776 | $28,588,728 | |
| WFC | Wells Fargo & Company/Mn | −40,904 | 860,055 | $68,468,978 | |
| VRRM | VERRA MOBILITY Corp | −40,520 | 43,828 | $626,302 | |
| VZ | Verizon Communications Inc | −36,065 | 1,155,226 | $57,992,345 | |
| INTC | Intel Corp | −35,651 | 1,238,224 | $54,642,825 | |
| AVGO | Broadcom Inc. | −31,577 | 1,234,074 | $381,958,243 | |
| C | Citigroup Inc | −30,323 | 490,144 | $55,587,231 | |
| SCHW | Schwab Charles Corp | −29,558 | 462,555 | $43,470,918 | |
| F | Ford Motor Co | −29,313 | 1,072,270 | $12,373,995 | |
| WMT | Walmart Inc. | −27,180 | 1,201,027 | $149,263,635 | |
| NFLX | Netflix Inc | −26,968 | 1,160,952 | $111,625,534 | |
| PG | PROCTER & GAMBLE Co | −26,721 | 640,302 | $92,485,220 | |
| CVX | Chevron Corp | −25,884 | 524,172 | $108,451,186 | |
| NEE | Nextera Energy Inc | −24,424 | 564,210 | $52,403,824 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AMCR | Amcor plc | 125,556 | $4,990,851 | |
| PNFP | Pinnacle Financial Partners, Inc. | 41,063 | $3,537,166 | |
| IREN | IREN Ltd | 89,217 | $3,058,358 | |
| VSNT | Versant Media Group, Inc. | 39,595 | $1,465,806 | |
| INDV | Indivior Pharmaceuticals, Inc. | 29,150 | $888,492 | |
| TERN | Terns Pharmaceuticals, Inc. | 15,624 | $823,697 | |
| AXTI | Axt Inc | 14,423 | $821,822 | |
| DNTH | Dianthus Therapeutics, Inc. /DE/ | 9,595 | $805,212 | |
| ERAS | Erasca, Inc. | 46,757 | $756,528 | |
| LGN | Legence Corp. | 11,073 | $625,181 | |
| NKTR | Nektar Therapeutics | 6,661 | $479,258 | |
| HYMC | Hycroft Mining Holding Corp | 13,248 | $466,329 | |
| ICHR | Ichor Holdings, Ltd. | 9,444 | $440,184 | |
| DFTX | Definium Therapeutics, Inc. | 22,054 | $416,820 | |
| CAPR | Capricor Therapeutics, Inc. | 13,448 | $408,819 | |
| ALMS | Alumis Inc. | 17,751 | $391,054 | |
| DCH | Dauch Corp | 64,561 | $382,846 | |
| BF-A | Brown Forman Corp | 13,894 | $372,220 | |
| ELVN | Enliven Therapeutics, Inc. | 8,965 | $351,428 | |
| DEC | Diversified Energy Co | 18,222 | $317,791 | |
| KOD | Kodiak Sciences Inc. | 7,979 | $304,159 | |
| AEHR | Aehr Test Systems | 7,992 | $296,343 | |
| ORKA | Oruka Therapeutics, Inc. | 5,980 | $293,319 | |
| RYZ | Ryerson Holding Corp | 12,724 | $286,035 | |
| ALH | Alliance Laundry Holdings Inc. | 13,555 | $281,130 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| EXAS | EXACT SCIENCES CORP | 52,752 | $5,357,493 | |
| FUBO | FuboTV Inc. | 95,613 | $2,891,337 | |
| TGNA | TEGNA INC | 44,877 | $871,062 | |
| ELME | Elme Communities | 24,545 | $427,083 | |
| PIPR | Piper Sandler Companies | 4,943 | $419,796 | |
| VITL | Vital Farms, Inc. | 9,894 | $316,014 | |
| CSTL | Castle Biosciences Inc | 8,071 | $313,961 | |
| GLDD | Great Lakes Dredge & Dock CORP | 18,834 | $247,102 | |
| EVER | EverQuote, Inc. | 8,194 | $221,238 | |
| APOG | Apogee Enterprises, Inc. | 6,001 | $218,496 | |
| ROOT | Root, Inc. | 3,020 | $218,134 | |
| AMWD | American Woodmark Corp | 4,031 | $217,270 | |
| HNGE | Hinge Health, Inc. | 4,562 | $211,904 | |
| STAA | Staar Surgical Co | 9,106 | $210,257 | |
| SMP | Standard Motor Products, Inc. | 5,512 | $203,117 | |
| AMSF | Amerisafe Inc | 5,283 | $202,920 | |
| HRTG | Heritage Insurance Holdings, Inc. | 6,883 | $201,396 | |
| MIAX | Miami International Holdings, Inc. | 4,536 | $201,307 | |
| AQST | Aquestive Therapeutics, Inc. | 28,458 | $183,838 | |
| INN | Summit Hotel Properties, Inc. | 30,407 | $148,082 | |
| SABR | Sabre Corp | 104,051 | $141,509 | |
| WEAV | Weave Communications, Inc. | 17,234 | $130,806 | |
| OSPN | OneSpan Inc. | 10,070 | $129,298 | |
| EVH | Evolent Health, Inc. | 27,789 | $111,156 | |
| AKBA | Akebia Therapeutics, Inc. | 68,845 | $110,840 | |
| No positions match the current search. | ||||
312 positions ·
$5,415,011,564 total
· Technology only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 312 positions by value
· page 1 of 7
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CRCT |
Cricut, Inc.
Technology
|
Reduced | 13,166 | $49,240 | 0.00% | |
| ALIT |
Alight, Inc. / Delaware
Technology
|
Reduced | 116,074 | $67,671 | 0.00% | |
| CRSR |
Corsair Gaming, Inc.
Technology
|
Reduced | 13,173 | $73,110 | 0.00% | |
| SPT |
Sprout Social, Inc.
Technology
|
Added | 14,607 | $83,259 | 0.00% | |
| RPD |
Rapid7, Inc.
Technology
|
Reduced | 16,187 | $89,190 | 0.00% | |
| NABL |
N-able, Inc.
Technology
|
Reduced | 20,517 | $95,814 | 0.00% | |
| BLND |
Blend Labs, Inc.
Technology
|
Reduced | 56,512 | $96,070 | 0.00% | |
| AIOT |
Powerfleet, Inc.
Technology
|
Reduced | 33,082 | $101,892 | 0.00% | |
| GDYN |
Grid Dynamics Holdings, Inc.
Technology
|
Reduced | 18,635 | $106,219 | 0.00% | |
| YEXT |
Yext, Inc.
Technology
|
Reduced | 29,288 | $112,465 | 0.00% | |
| GRND |
Grindr Inc.
Technology
|
Reduced | 10,166 | $122,906 | 0.00% | |
| NTSK |
Netskope Inc
Technology
|
NEW | 16,579 | $140,755 | 0.00% | |
| PAR |
Par Technology Corp
Technology
|
Added | 11,169 | $148,882 | 0.00% | |
| PD |
PagerDuty, Inc.
Technology
|
Reduced | 23,983 | $148,934 | 0.00% | |
| SEMR |
SEMrush Holdings, Inc.
Technology
|
Added | 12,492 | $149,154 | 0.00% | |
| ASAN |
Asana, Inc.
Technology
|
Reduced | 23,800 | $152,320 | 0.00% | |
| PGY |
Pagaya Technologies Ltd.
Technology
|
Reduced | 14,068 | $163,892 | 0.00% | |
| NAVN |
Navan, Inc.
Technology
|
NEW | 12,818 | $169,710 | 0.00% | |
| AMPL |
Amplitude, Inc.
Technology
|
Reduced | 25,243 | $172,157 | 0.00% | |
| CTLP |
Cantaloupe, Inc.
Technology
|
Reduced | 16,194 | $175,057 | 0.00% | |
| INDI |
indie Semiconductor, Inc.
Technology
|
Reduced | 55,652 | $179,199 | 0.00% | |
| CXM |
Sprinklr, Inc.
Technology
|
Added | 33,955 | $203,730 | 0.00% | |
| CLVT |
Clarivate PLC
Technology
|
Reduced | 81,757 | $206,845 | 0.00% | |
| DAKT |
Daktronics Inc /Sd/
Technology
|
Reduced | 10,664 | $208,481 | 0.00% | |
| SCSC |
Scansource, Inc.
Technology
|
Reduced | 6,027 | $218,780 | 0.00% | |
| ALNT |
Allient Inc
Technology
|
Reduced | 3,723 | $219,992 | 0.00% | |
| VYX |
NCR Voyix Corp
Technology
|
Reduced | 36,183 | $229,038 | 0.00% | |
| VERX |
Vertex, Inc.
Technology
|
Reduced | 20,189 | $240,047 | 0.00% | |
| PENG |
Penguin Solutions, Inc.
Technology
|
Reduced | 13,715 | $241,384 | 0.00% | |
| ADTN |
ADTRAN Holdings, Inc.
Technology
|
Reduced | 19,805 | $249,146 | 0.00% | |
| APPN |
Appian Corp
Technology
|
Reduced | 10,565 | $254,722 | 0.00% | |
| UPBD |
Upbound Group, Inc.
Technology
|
Reduced | 14,312 | $258,331 | 0.00% | |
| SKYT |
SkyWater Technology, Inc
Technology
|
NEW | 9,993 | $273,908 | 0.01% | |
| HLIT |
Harmonic Inc.
Technology
|
Reduced | 30,827 | $276,826 | 0.01% | |
| CNXC |
Concentrix Corp
Technology
|
Reduced | 10,260 | $280,713 | 0.01% | |
| PDFS |
Pdf Solutions Inc
Technology
|
Reduced | 8,682 | $283,988 | 0.01% | |
| OUST |
Ouster, Inc.
Technology
|
Added | 15,657 | $287,619 | 0.01% | |
| FIVN |
Five9, Inc.
Technology
|
Added | 19,335 | $293,311 | 0.01% | |
| AEHR |
Aehr Test Systems
Technology
|
NEW | 7,992 | $296,343 | 0.01% | |
| AI |
C3.ai, Inc.
Technology
|
Added | 35,858 | $301,924 | 0.01% | |
| PRGS |
Progress Software Corp /Ma
Technology
|
Reduced | 11,785 | $302,285 | 0.01% | |
| SHLS |
Shoals Technologies Group, Inc.
Technology
|
Reduced | 45,977 | $302,528 | 0.01% | |
| ARRY |
Array Technologies, Inc.
Technology
|
Reduced | 41,957 | $303,349 | 0.01% | |
| DBD |
DIEBOLD NIXDORF, Inc
Technology
|
Reduced | 4,025 | $303,646 | 0.01% | |
| GCT |
GigaCloud Technology Inc
Technology
|
Reduced | 6,767 | $307,086 | 0.01% | |
| ALKT |
Alkami Technology, Inc.
Technology
|
Reduced | 20,013 | $313,603 | 0.01% | |
| NN |
Nextnav Inc.
Technology
|
Reduced | 20,368 | $326,295 | 0.01% | |
| DFIN |
Donnelley Financial Solutions, Inc.
Technology
|
Reduced | 6,925 | $326,444 | 0.01% | |
| INOD |
Innodata Inc
Technology
|
Reduced | 8,748 | $337,847 | 0.01% | |
| FLYW |
Flywire Corp
Technology
|
Reduced | 29,728 | $346,033 | 0.01% |