ARIZONA STATE RETIREMENT SYSTEM
PensionFiling Date
Global Rank
#305
/ 8,588
▼ 13
Top Industry
Semiconductors
12.1%
3Y Alpha vs SPY
-3.1%
Period ended 3 months ago
Filed May 1, 2026 · 47d
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
+63.7%
SPY
+76.8%
Annualised alpha
-3.1%
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. | ||||
88 positions ·
$375,336,219 total
· Basic Materials 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 88 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| LIN |
Linde PLC
Basic Materials
|
Reduced | 127,936 | $63,425,551 | 16.90% | |
| NEM |
NEWMONT Corp /DE/
Basic Materials
|
Reduced | 298,987 | $32,365,342 | 8.62% | |
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Reduced | 393,362 | $23,121,818 | 6.16% | |
| SHW |
Sherwin Williams Co
Basic Materials
|
Reduced | 64,536 | $20,687,014 | 5.51% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
Reduced | 183,718 | $19,312,436 | 5.15% | |
| ECL |
Ecolab Inc.
Basic Materials
|
Reduced | 69,857 | $18,583,359 | 4.95% | |
| APD |
Air Products & Chemicals, Inc.
Basic Materials
|
Reduced | 60,966 | $17,710,013 | 4.72% | |
| CTVA |
Corteva, Inc.
Basic Materials
|
Reduced | 185,186 | $15,501,920 | 4.13% | |
| NUE |
Nucor Corp
Basic Materials
|
Reduced | 62,197 | $10,517,512 | 2.80% | |
| VMC |
Vulcan Materials CO
Basic Materials
|
Reduced | 35,905 | $9,776,931 | 2.60% | |
| MLM |
Martin Marietta Materials Inc
Basic Materials
|
Reduced | 16,381 | $9,643,167 | 2.57% | |
| DOW |
Dow Inc.
Basic Materials
|
Reduced | 193,132 | $8,043,947 | 2.14% | |
| AMRZ |
Amrize Ltd
Basic Materials
|
Reduced | 135,278 | $7,578,273 | 2.02% | |
| STLD |
Steel Dynamics Inc
Basic Materials
|
Reduced | 37,697 | $6,785,460 | 1.81% | |
| PPG |
Ppg Industries Inc
Basic Materials
|
Reduced | 60,980 | $6,517,542 | 1.74% | |
| RGLD |
Royal Gold Inc
Basic Materials
|
Reduced | 23,182 | $5,899,587 | 1.57% | |
| ALB |
Albemarle Corp
Basic Materials
|
Reduced | 32,332 | $5,804,563 | 1.55% | |
| LYB |
LyondellBasell Industries N.V.
Basic Materials
|
Reduced | 69,944 | $5,634,688 | 1.50% | |
| CF |
CF Industries Holdings, Inc.
Basic Materials
|
Reduced | 42,395 | $5,504,566 | 1.47% | |
| DD |
DuPont de Nemours, Inc.
Basic Materials
|
Reduced | 113,845 | $5,214,101 | 1.39% | |
| IFF |
International Flavors & Fragrances Inc
Basic Materials
|
Reduced | 69,596 | $5,049,189 | 1.35% | |
| AA |
Alcoa Corp
Basic Materials
|
Reduced | 71,155 | $4,719,711 | 1.26% | |
| RS |
Reliance, Inc.
Basic Materials
|
Reduced | 14,214 | $4,319,918 | 1.15% | |
| RPM |
Rpm International Inc/De/
Basic Materials
|
Reduced | 34,811 | $3,460,213 | 0.92% | |
| HL |
Hecla Mining Co/De/
Basic Materials
|
Reduced | 184,136 | $3,430,453 | 0.91% | |
| SOLS |
Solstice Advanced Materials Inc.
Basic Materials
|
Reduced | 43,599 | $3,320,499 | 0.88% | |
| CDE |
Coeur Mining, Inc.
Basic Materials
|
Reduced | 176,399 | $3,311,009 | 0.88% | |
| EMN |
Eastman Chemical Co
Basic Materials
|
Reduced | 31,341 | $2,391,945 | 0.64% | |
| MOS |
Mosaic Co
Basic Materials
|
Reduced | 87,120 | $2,221,560 | 0.59% | |
| ESI |
Element Solutions Inc
Basic Materials
|
Reduced | 63,166 | $2,156,487 | 0.57% | |
| CE |
Celanese Corp
Basic Materials
|
Reduced | 30,085 | $1,978,690 | 0.53% | |
| SSD |
Simpson Manufacturing Co., Inc.
Basic Materials
|
Reduced | 11,390 | $1,954,751 | 0.52% | |
| MP |
MP Materials Corp. / DE
Basic Materials
|
Reduced | 38,890 | $1,876,831 | 0.50% | |
| EXP |
Eagle Materials Inc
Basic Materials
|
Reduced | 8,807 | $1,668,486 | 0.44% | |
| AXTA |
Axalta Coating Systems Ltd.
Basic Materials
|
Reduced | 58,601 | $1,623,247 | 0.43% | |
| BCPC |
Balchem Corp
Basic Materials
|
Reduced | 8,896 | $1,507,694 | 0.40% | |
| UFPI |
Ufp Industries Inc
Basic Materials
|
Reduced | 16,002 | $1,474,104 | 0.39% | |
| NEU |
Newmarket Corp
Basic Materials
|
Reduced | 2,200 | $1,410,090 | 0.38% | |
| HCC |
Warrior Met Coal, Inc.
Basic Materials
|
Reduced | 14,456 | $1,346,576 | 0.36% | |
| CLF |
Cleveland-Cliffs Inc.
Basic Materials
|
Reduced | 156,624 | $1,323,472 | 0.35% | |
| KNF |
Knife River Corp
Basic Materials
|
Reduced | 15,567 | $1,271,045 | 0.34% | |
| WLK |
Westlake Corp
Basic Materials
|
Reduced | 10,580 | $1,235,955 | 0.33% | |
| CBT |
Cabot Corp
Basic Materials
|
Reduced | 14,533 | $1,094,480 | 0.29% | |
| PRM |
Perimeter Solutions, Inc.
Basic Materials
|
Reduced | 38,550 | $941,391 | 0.25% | |
| OLN |
OLIN Corp
Basic Materials
|
Reduced | 31,347 | $931,946 | 0.25% | |
| FUL |
Fuller H B Co
Basic Materials
|
Reduced | 14,860 | $916,564 | 0.24% | |
| AVNT |
Avient Corp
Basic Materials
|
Reduced | 25,156 | $913,162 | 0.24% | |
| CC |
Chemours Co
Basic Materials
|
Reduced | 41,172 | $907,019 | 0.24% | |
| CENX |
Century Aluminum Co
Basic Materials
|
Reduced | 15,382 | $902,769 | 0.24% | |
| SXT |
Sensient Technologies Corp
Basic Materials
|
Reduced | 9,918 | $857,311 | 0.23% |