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Equibles

ARIZONA STATE RETIREMENT SYSTEM

Pension
Location
PHOENIX, AZ
Portfolio Value
Small $862,055,068
Diversification
Diversified
Filing Date
Global Rank
#305 / 8,586 ▼ 13
Top Industry
Semiconductors 12.1%
3Y Alpha vs SPY
-3.4%
Period ended 3 months ago
Filed May 1, 2026 · 46d
25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio
+63.5%
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, 2025
Top Position
7.0%
−0.2 pts
Top 5
23.4%
−1.9 pts
Top 10
32.0%
−2.8 pts
HHI
156
Jun 2023 → Mar 2026 · range 127 – 178
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 CSV
Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased
25 positions
Ticker Δ Shares Shares Value Open
HBAN +119,476 550,804 $8,620,082
FITB +62,666 244,323 $11,351,246
PLUG +49,673 363,138 $820,691
COMP +39,821 176,550 $1,290,580
GPGI +35,754 51,320 $877,572
RYN +34,113 78,798 $1,624,814
PANW +30,694 221,398 $35,494,527
SM +27,214 58,929 $1,837,406
RXRX +20,383 121,706 $373,637
AUR +16,319 328,909 $1,355,105
CRWV +16,194 64,274 $4,979,306
ONDS +14,802 111,180 $1,005,067
SOFI +14,522 343,363 $5,452,604
CCL +13,719 302,488 $7,828,389
SF +13,428 41,955 $3,101,313
SARO +12,922 54,166 $1,399,107
TEX +12,840 31,163 $1,841,733
BTSG +12,368 39,553 $1,685,353
RKLB +10,451 130,627 $8,388,865
WAT +10,372 26,733 $7,961,087
ORC +9,531 50,361 $354,037
EVLV +9,519 43,167 $261,160
NLY +9,334 185,594 $3,925,313
TTAN +8,963 15,576 $988,452
NB +8,796 39,918 $178,034

Trimmed

Positions the filer reduced
25 positions
Ticker Δ Shares Shares Value Open
NVDA −247,968 6,657,774 $1,161,115,785
AAPL −167,619 4,026,974 $1,022,005,731
BAC −99,891 1,877,644 $91,535,145
T −96,354 1,943,801 $56,350,790
AMZN −72,266 2,636,038 $549,007,634
MSFT −59,108 1,934,523 $716,102,378
GOOGL −51,996 1,594,517 $458,519,308
XOM −51,872 1,155,274 $196,003,786
KO −46,688 1,119,915 $85,169,535
CSCO −46,629 1,082,530 $83,993,502
PFE −42,519 1,557,209 $43,726,428
CMCSA −42,223 995,776 $28,588,728
WFC −40,904 860,055 $68,468,978
VRRM −40,520 43,828 $626,302
VZ −36,065 1,155,226 $57,992,345
INTC −35,651 1,238,224 $54,642,825
AVGO −31,577 1,234,074 $381,958,243
C −30,323 490,144 $55,587,231
SCHW −29,558 462,555 $43,470,918
F −29,313 1,072,270 $12,373,995
WMT −27,180 1,201,027 $149,263,635
NFLX −26,968 1,160,952 $111,625,534
PG −26,721 640,302 $92,485,220
CVX −25,884 524,172 $108,451,186
NEE −24,424 564,210 $52,403,824

New Positions

Positions the filer opened this quarter
25 positions
Ticker Shares Value Open
AMCR 125,556 $4,990,851
PNFP 41,063 $3,537,166
IREN 89,217 $3,058,358
VSNT 39,595 $1,465,806
INDV 29,150 $888,492
TERN 15,624 $823,697
AXTI 14,423 $821,822
DNTH 9,595 $805,212
ERAS 46,757 $756,528
LGN 11,073 $625,181
NKTR 6,661 $479,258
HYMC 13,248 $466,329
ICHR 9,444 $440,184
DFTX 22,054 $416,820
CAPR 13,448 $408,819
ALMS 17,751 $391,054
DCH 64,561 $382,846
BF-A 13,894 $372,220
ELVN 8,965 $351,428
DEC 18,222 $317,791
KOD 7,979 $304,159
AEHR 7,992 $296,343
ORKA 5,980 $293,319
RYZ 12,724 $286,035
ALH 13,555 $281,130

Sold Out

Positions the filer fully exited
25 positions
Ticker Shares Value Open
EXAS 52,752 $5,357,493
FUBO 95,613 $2,891,337
TGNA 44,877 $871,062
ELME 24,545 $427,083
PIPR 4,943 $419,796
VITL 9,894 $316,014
CSTL 8,071 $313,961
GLDD 18,834 $247,102
EVER 8,194 $221,238
APOG 6,001 $218,496
ROOT 3,020 $218,134
AMWD 4,031 $217,270
HNGE 4,562 $211,904
STAA 9,106 $210,257
SMP 5,512 $203,117
AMSF 5,283 $202,920
HRTG 6,883 $201,396
MIAX 4,536 $201,307
AQST 28,458 $183,838
INN 30,407 $148,082
SABR 104,051 $141,509
WEAV 17,234 $130,806
OSPN 10,070 $129,298
EVH 27,789 $111,156
AKBA 68,845 $110,840

Portfolio Positions

Export CSV View 13F filing
90 positions · $862,055,068 total · Consumer Defensive 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 90 positions by value · page 1 of 2
Ticker Company Shares Value (USD) % of Portfolio History
WMT
Walmart Inc.
Consumer Defensive 		1,201,027 $149,263,635 17.31%
COST
Costco Wholesale Corp /New
Consumer Defensive 		121,612 $121,177,845 14.06%
PG
PROCTER & GAMBLE Co
Consumer Defensive 		640,302 $92,485,220 10.73%
KO
Coca Cola Co
Consumer Defensive 		1,119,915 $85,169,535 9.88%
PM
Philip Morris International Inc.
Consumer Defensive 		426,514 $70,519,824 8.18%
PEP
Pepsico Inc
Consumer Defensive 		374,627 $58,175,826 6.75%
MO
Altria Group, Inc.
Consumer Defensive 		459,992 $30,354,872 3.52%
MDLZ
Mondelez International, Inc.
Consumer Defensive 		353,535 $20,377,757 2.36%
CL
Colgate Palmolive Co
Consumer Defensive 		209,848 $17,885,345 2.07%
TGT
Target Corp
Consumer Defensive 		124,051 $15,034,981 1.74%
MNST
Monster Beverage Corp
Consumer Defensive 		200,764 $14,547,359 1.69%
KR
Kroger Co
Consumer Defensive 		164,770 $11,922,757 1.38%
ADM
Archer-Daniels-Midland Co
Consumer Defensive 		130,621 $9,494,840 1.10%
SYY
Sysco Corp
Consumer Defensive 		130,118 $9,281,316 1.08%
KDP
Keurig Dr Pepper Inc.
Consumer Defensive 		350,699 $9,233,904 1.07%
KVUE
Kenvue Inc.
Consumer Defensive 		520,897 $8,980,264 1.04%
KMB
Kimberly Clark Corp
Consumer Defensive 		90,174 $8,699,085 1.01%
HSY
Hershey Co
Consumer Defensive 		40,274 $8,372,561 0.97%
DG
Dollar General Corp
Consumer Defensive 		59,827 $7,103,259 0.82%
CHD
Church & Dwight Co Inc /De/
Consumer Defensive 		65,274 $6,091,369 0.71%
STZ
Constellation Brands, Inc.
Consumer Defensive 		40,054 $6,008,100 0.70%
USFD
US Foods Holding Corp.
Consumer Defensive 		61,263 $5,649,061 0.66%
DLTR
Dollar Tree, Inc.
Consumer Defensive 		51,332 $5,621,367 0.65%
KHC
Kraft Heinz Co
Consumer Defensive 		241,219 $5,425,015 0.63%
GIS
General Mills Inc
Consumer Defensive 		145,019 $5,397,607 0.63%
TSN
Tyson Foods, Inc.
Consumer Defensive 		76,923 $4,928,456 0.57%
EL
Estee Lauder Companies Inc
Consumer Defensive 		66,803 $4,794,451 0.56%
BG
Bunge Global SA
Consumer Defensive 		36,797 $4,680,578 0.54%
PFGC
Performance Food Group Co
Consumer Defensive 		43,087 $3,690,832 0.43%
BJ
BJ's Wholesale Club Holdings, Inc.
Consumer Defensive 		35,966 $3,539,773 0.41%
MKC
Mccormick & Co Inc
Consumer Defensive 		68,821 $3,471,331 0.40%
CLX
Clorox Co /De/
Consumer Defensive 		33,161 $3,436,474 0.40%
SJM
J M SMUCKER Co
Consumer Defensive 		29,309 $2,826,559 0.33%
DAR
Darling Ingredients Inc.
Consumer Defensive 		43,458 $2,687,877 0.31%
COKE
Coca-Cola Consolidated, Inc.
Consumer Defensive 		13,983 $2,681,100 0.31%
CAG
Conagra Brands Inc.
Consumer Defensive 		131,608 $2,068,877 0.24%
SFM
Sprouts Farmers Market, Inc.
Consumer Defensive 		26,745 $2,062,841 0.24%
TAP
Molson Coors Beverage Co
Consumer Defensive 		47,571 $2,048,407 0.24%
INGR
Ingredion Inc
Consumer Defensive 		17,451 $1,966,029 0.23%
HRL
Hormel Foods Corp /De/
Consumer Defensive 		82,279 $1,863,619 0.22%
ACI
Albertsons Companies, Inc.
Consumer Defensive 		99,955 $1,703,233 0.20%
OLLI
Ollie's Bargain Outlet Holdings, Inc.
Consumer Defensive 		16,846 $1,550,505 0.18%
LW
Lamb Weston Holdings, Inc.
Consumer Defensive 		36,255 $1,532,136 0.18%
CELH
Celsius Holdings, Inc.
Consumer Defensive 		42,484 $1,507,332 0.17%
LOPE
Grand Canyon Education, Inc.
Consumer Defensive 		7,682 $1,306,170 0.15%
PRMB
Primo Brands Corp
Consumer Defensive 		65,252 $1,228,695 0.14%
LAUR
Laureate Education, Inc.
Consumer Defensive 		34,407 $1,198,739 0.14%
CPB
CAMPBELL'S Co
Consumer Defensive 		53,230 $1,185,432 0.14%
POST
Post Holdings, Inc.
Consumer Defensive 		11,940 $1,180,388 0.14%
CVSA
Covista Inc.
Consumer Defensive 		9,587 $1,104,901 0.13%

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