Arizona State Retirement System
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Arizona State Retirement System reported 2,124 stock positions worth $14.5 billion. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by Apple (AAPL, 5.0%) and Nvidia (NVDA, 4.8%). Compared with Q4 2023, it opened 41 new positions, sold out of 62, added to 658 and reduced 1,418. The biggest buy was Nvidia (NVDA, shares +8%) and the biggest sale Apple (AAPL, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- PHOENIX, AZ
- CIK
- 0001558481
- Portfolio Value
- $14.5B (Q1 2024)
- SEC Filing
- 0000897069-24-001035 ↗ filed May 7, 2024
Holdings Value
Holdings 2,124 stocks · $14.5B
| MSFT Microsoft Corp. | 5.90% | 2,026,169 | $852.4M | Reduce -0.2% |
| AAPL Apple Inc. | 5.00% | 4,215,190 | $722.8M | Reduce -5.8% |
| NVDA Nvidia Corp. | 4.84% | 774,518 | $699.8M | Add +8.3% |
| AMZN Amazon.com Inc. | 3.33% | 2,668,967 | $481.4M | Add +0.3% |
| META Meta Platforms Inc. Class A | 2.14% | 636,953 | $309.3M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 1.77% | 1,698,267 | $256.3M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 1.56% | 1,478,595 | $225.1M | Add +0.7% |
| LLY Eli Lilly & Co. | 1.25% | 231,556 | $180.1M | Add +2.0% |
| AVGO Broadcom Inc. | 1.17% | 127,625 | $169.2M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 1.15% | 829,622 | $166.2M | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.09% | 376,160 | $158.2M | Add +2.2% |
| TSLA Tesla Inc. | 1.00% | 821,020 | $144.3M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.92% | 1,146,940 | $133.3M | Add +1.8% |
| UNH Unitedhealth Group Inc. | 0.91% | 265,423 | $131.3M | Add +1.9% |
| V Visa Inc. Class A | 0.88% | 454,213 | $126.8M | Add +0.5% |
| MA Mastercard Inc. Class A | 0.80% | 240,304 | $115.7M | Add +1.5% |
| PG The Procter & Gamble Co. | 0.76% | 676,347 | $109.7M | Add +2.0% |
| HD Home Depot Inc. | 0.76% | 285,606 | $109.6M | Add +1.5% |
| JNJ Johnson & Johnson | 0.76% | 690,809 | $109.3M | Add +2.0% |
| MRK Merck & Co. Inc. | 0.66% | 727,180 | $96.0M | Add +1.9% |
| COST Costco Wholesale Corp. | 0.65% | 127,335 | $93.3M | Add +2.2% |
| ABBV Abbvie Inc. | 0.64% | 506,650 | $92.3M | Add +2.0% |
| AMD Advanced Micro Devices | 0.58% | 463,594 | $83.7M | Reduce -1.8% |
| CRM Salesforce Inc. | 0.58% | 277,784 | $83.7M | Reduce -2.0% |
| CVX Chevron Corp. | 0.56% | 513,080 | $80.9M | Add +0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.54% | 2,043,877 | $77.5M | Add +1.6% |
| WMT Walmart Inc. | 0.53% | 1,274,757 | $76.7M | Add +2.0% |
| NFLX Netflix Inc. | 0.53% | 125,600 | $76.3M | Add +0.7% |
| KO The Coca-Cola Co. | 0.50% | 1,178,641 | $72.1M | Add +2.0% |
| PEP Pepsico Inc. | 0.48% | 394,540 | $69.0M | Add +2.0% |
| ADBE Adobe Inc. | 0.45% | 129,709 | $65.5M | Add +1.3% |
| LIN Linde PLC | 0.45% | 139,148 | $64.6M | Add +1.4% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 110,877 | $64.4M | Add +2.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.45% | 526,164 | $64.4M | Add +2.2% |
| ACN Accenture PLC Class A | 0.43% | 179,926 | $62.4M | Add +1.9% |
| WFC Wells Fargo & Co. | 0.42% | 1,042,158 | $60.4M | Add +1.2% |
| ORCL Oracle Corp. | 0.41% | 473,309 | $59.5M | Reduce -1.5% |
| MCD McDonald's Corp. | 0.41% | 208,149 | $58.7M | Add +1.5% |
| CSCO Cisco Systems Inc. | 0.40% | 1,166,081 | $58.2M | Add +2.3% |
| ABT Abbott Laboratories | 0.39% | 498,190 | $56.6M | Add +2.0% |
| GE General Electric | 0.38% | 312,330 | $54.8M | Add +2.0% |
| QCOM Qualcomm Inc. | 0.38% | 320,825 | $54.3M | Add +2.2% |
| CAT Caterpillar Inc. | 0.37% | 146,090 | $53.5M | Add +1.8% |
| INTC Intel Corp. | 0.37% | 1,209,851 | $53.4M | Reduce -1.2% |
| INTU Intuit Inc. | 0.36% | 80,333 | $52.2M | Add +1.9% |
| VZ Verizon Communications Inc. | 0.35% | 1,206,435 | $50.6M | Add +2.0% |
| DHR Danaher Corp. | 0.35% | 201,445 | $50.3M | Add +2.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.35% | 262,035 | $50.0M | Add +2.2% |
| CMCSA Comcast Corp. Class A | 0.35% | 1,152,352 | $50.0M | Reduce -0.5% |
| AMAT Applied Materials Inc. | 0.34% | 238,489 | $49.2M | Reduce -3.4% |
| TXN Texas Instruments Inc. | 0.31% | 260,624 | $45.4M | Add +2.0% |
| PFE Pfizer Inc. | 0.31% | 1,620,330 | $45.0M | Add +2.0% |
| NOW ServiceNow Inc. | 0.31% | 58,828 | $44.9M | Reduce -1.2% |
| AMGN Amgen Inc. | 0.30% | 153,579 | $43.7M | Add +2.0% |
| COP Conocophillips | 0.30% | 340,747 | $43.4M | Add +1.1% |
| UNP Union Pacific Corp. | 0.30% | 174,934 | $43.0M | Add +2.0% |
| LOW Lowe's Cos Inc. | 0.29% | 165,039 | $42.0M | Add +1.6% |
| UBER Uber Technologies Inc. | 0.28% | 531,483 | $40.9M | Add +2.7% |
| PM Philip Morris International | 0.28% | 445,489 | $40.8M | Add +2.0% |
| ISRG Intuitive Surgical Inc. | 0.28% | 101,033 | $40.3M | Add +2.2% |
| RTX RTX Corp. | 0.28% | 412,629 | $40.2M | Add +0.8% |
| SPGI S&P Global Inc. | 0.27% | 92,978 | $39.6M | Add +1.6% |
| GS Goldman Sachs Group Inc. | 0.27% | 93,584 | $39.1M | Add +0.9% |
| HON Honeywell International Inc. | 0.27% | 189,183 | $38.8M | Add +1.3% |
| AXP American Express Co. | 0.26% | 167,301 | $38.1M | Reduce -5.0% |
| NEE Nextera Energy Inc. | 0.26% | 588,771 | $37.6M | Add +2.0% |
| MU Micron Technology Inc. | 0.26% | 316,786 | $37.3M | Reduce -3.9% |
| LRCX Lam Research Corp. | 0.25% | 37,821 | $36.7M | Reduce -4.3% |
| BKNG Booking Holdings Inc. | 0.25% | 10,014 | $36.3M | Reduce -0.3% |
| T AT&T Inc. | 0.25% | 2,051,815 | $36.1M | Add +2.0% |
| ETN Eaton Corp. PLC | 0.25% | 114,586 | $35.8M | Add +2.1% |
| BLK BlackRock Finance Inc. | 0.25% | 42,691 | $35.6M | Add +1.6% |
| SYK Stryker Corp. | 0.24% | 98,127 | $35.1M | Add +2.0% |
| ELV Elevance Health Inc. | 0.24% | 67,426 | $35.0M | Add +1.7% |
| PGR Progressive Corp. | 0.24% | 167,887 | $34.7M | Add +1.9% |
| C Citigroup Inc. | 0.24% | 546,127 | $34.5M | Add +0.8% |
| PLD Prologis Inc. | 0.24% | 265,149 | $34.5M | Add +2.0% |
| MS Morgan Stanley | 0.23% | 353,251 | $33.3M | Add +1.0% |
| MDT Medtronic PLC | 0.23% | 381,567 | $33.3M | Add +1.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 327,050 | $33.2M | Add +1.6% |
| NKE Nike Inc. Class B | 0.23% | 349,303 | $32.8M | Add +1.4% |
| BA The Boeing Co. | 0.22% | 164,929 | $31.8M | Add +2.3% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 583,908 | $31.7M | Reduce -0.7% |
| DE Deere & Co. | 0.22% | 76,331 | $31.4M | Reduce -0.8% |
| SCHW Schwab (charles) Corp. | 0.22% | 432,152 | $31.3M | Add +2.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.21% | 73,947 | $30.9M | Add +1.8% |
| UPS United Parcel Service Class B | 0.21% | 207,551 | $30.8M | Add +2.0% |
| CI The Cigna Group | 0.21% | 83,972 | $30.5M | Add +0.8% |
| CB Chubb Ltd. | 0.21% | 117,079 | $30.3M | Add +1.3% |
| SBUX Starbucks Corp. | 0.21% | 324,909 | $29.7M | Add +0.8% |
| REGN Regeneron Pharmaceuticals | 0.20% | 30,743 | $29.6M | Add +2.4% |
| ADP Automatic Data Processing | 0.20% | 118,031 | $29.5M | Add +1.8% |
| CVS CVS Health Corp. | 0.20% | 369,296 | $29.5M | Add +2.2% |
| LMT Lockheed Martin Corp. | 0.20% | 64,078 | $29.1M | Add +2.0% |
| MRSH Marsh & McLennan Cos | 0.20% | 141,495 | $29.1M | Add +1.8% |
| BSX Boston Scientific Corp. | 0.20% | 420,401 | $28.8M | Add +2.0% |
| ADI Analog Devices Inc. | 0.19% | 142,411 | $28.2M | Add +1.6% |
| FISV Fiserv Inc. | 0.19% | 172,233 | $27.5M | Add +0.4% |
| MDLZ Mondelez International Inc. Class A | 0.19% | 390,532 | $27.3M | Add +2.0% |
| KLAC KLA Corp. | 0.19% | 39,008 | $27.2M | Reduce -5.3% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -5.8% | 5.00% | −1.53 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.40 |
| INTC Intel Corp. | Reduce -1.2% | 0.37% | −0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 1.77% | −0.06 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.05 |
| SNOW Snowflake Inc. | Reduce -8.4% | 0.09% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -0.5% | 0.35% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -3.0% | 0.18% | −0.03 |
| SNAP Snap Inc. Class A | Reduce -25.3% | 0.02% | −0.03 |
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -0.3% | 0.25% | −0.02 |
| LTHM Livent Corp. | Sold out | 0.00% | −0.02 |
| DE Deere & Co. | Reduce -0.8% | 0.22% | −0.02 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −0.01 |
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −0.01 |
| SBAC SBA Communications Corp. | Reduce -0.4% | 0.04% | −0.01 |
| FLG New York Community Bancorp | Reduce -1.7% | 0.00% | −0.01 |
| STX Seagate Technology Holdings | Reduce -22.6% | 0.04% | −0.01 |
| DDOG Datadog Inc. Class A | Reduce -6.6% | 0.07% | −0.01 |
| DD Dupont DE Nemours Inc. | Reduce -4.5% | 0.07% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.7% | 0.22% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Reduce -0.1% | 0.03% | −0.01 |
| CARR Carrier Global Corp. | Reduce -1.6% | 0.09% | −0.01 |
| NOW ServiceNow Inc. | Reduce -1.2% | 0.31% | −0.01 |
| EXPE Expedia Group Inc. | Reduce -3.2% | 0.03% | −0.01 |
| U Unity Software Inc. | Reduce -0.8% | 0.01% | −0.01 |
| BKR Baker Hughes Co. | Reduce -0.3% | 0.06% | −0.01 |
| AFRM Affirm Holdings Inc. | Reduce -0.7% | 0.02% | −0.01 |
| LBRDK Liberty Broadband-C | Reduce -0.0% | 0.01% | −0.01 |
| KEYS Keysight Technologies Inc. | Reduce -1.4% | 0.05% | −0.01 |
| LH Laboratory CRP of Amer Hldgs | Reduce -4.0% | 0.04% | −0.01 |
| PHYSICIANS REALTY TRUST | Sold out | 0.00% | −0.01 |
| VRSN Verisign Inc. | Reduce -0.9% | 0.03% | −0.01 |
| SOFI Sofi Technologies Inc. | Reduce -0.8% | 0.01% | −0.01 |
| SNPS Synopsys Inc. | Reduce -4.7% | 0.17% | −0.01 |
| AKAM Akamai Technologies Inc. | Reduce -0.5% | 0.03% | −0.01 |
| FIVE Five Below | Reduce -2.6% | 0.02% | −0.01 |
| STT State Street Corp. | Reduce -3.1% | 0.05% | −0.01 |
| AYX Alteryx Inc. Class A | Sold out | 0.00% | −0.01 |
| X United States Steel Corp. | Reduce -1.6% | 0.02% | −0.01 |
| EPAM Epam Systems Inc. | Reduce -0.4% | 0.03% | −0.01 |
| EXPD Expeditors Intl Wash Inc. | Reduce -1.6% | 0.03% | −0.01 |
| FLEX Flex Ltd. | Reduce -4.6% | 0.02% | −0.01 |
| MRTX Mirati Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| ETSY Etsy Inc. | Reduce -2.6% | 0.02% | −0.01 |
| FDS Factset Research Systems Inc. | Reduce -0.1% | 0.03% | −0.01 |
| PGTI PGT Innovations Inc. | Sold out | 0.00% | −0.01 |
| BR Broadridge Financial Solutio | Reduce -0.3% | 0.05% | −0.00 |
| NET Cloudflare Inc. Class A | Reduce -13.2% | 0.05% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +8.3% | 4.84% | +2.15 |
| AMZN Amazon.com Inc. | Add +0.3% | 3.33% | +0.26 |
| LLY Eli Lilly & Co. | Add +2.0% | 1.25% | +0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.2% | 1.09% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +1.5% | 1.15% | +0.09 |
| DIS The Walt Disney Co. | Add +2.2% | 0.45% | +0.09 |
| GE General Electric | Add +2.0% | 0.38% | +0.08 |
| MRK Merck & Co. Inc. | Add +1.9% | 0.66% | +0.07 |
| XOM Exxon Mobil Corp. | Add +1.8% | 0.92% | +0.07 |
| NFLX Netflix Inc. | Add +0.7% | 0.53% | +0.07 |
| ABBV Abbvie Inc. | Add +2.0% | 0.64% | +0.05 |
| CAT Caterpillar Inc. | Add +1.8% | 0.37% | +0.05 |
| ETN Eaton Corp. PLC | Add +2.1% | 0.25% | +0.04 |
| UBER Uber Technologies Inc. | Add +2.7% | 0.28% | +0.04 |
| PGR Progressive Corp. | Add +1.9% | 0.24% | +0.04 |
| MA Mastercard Inc. Class A | Add +1.5% | 0.80% | +0.03 |
| WFC Wells Fargo & Co. | Add +1.2% | 0.42% | +0.03 |
| WMT Walmart Inc. | Add +2.0% | 0.53% | +0.03 |
| MSTR Strategy Inc. | Add +20.0% | 0.05% | +0.03 |
| QCOM Qualcomm Inc. | Add +2.2% | 0.38% | +0.03 |
| IBM Intl Business Machines Corp. | Add +2.2% | 0.35% | +0.03 |
| C Citigroup Inc. | Add +0.8% | 0.24% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +2.2% | 0.28% | +0.03 |
| COIN Coinbase Global Inc. Class A | Add +1.5% | 0.09% | +0.03 |
| SYK Stryker Corp. | Add +2.0% | 0.24% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | Add +1.5% | 0.16% | +0.02 |
| BAC Bank of America Corp. | Add +1.6% | 0.54% | +0.02 |
| TGT Target Corp. | Add +2.0% | 0.16% | +0.02 |
| VRT Vertiv Holdings Co. Class A | Add +5.9% | 0.06% | +0.02 |
| CI The Cigna Group | Add +0.8% | 0.21% | +0.02 |
| PG The Procter & Gamble Co. | Add +2.0% | 0.76% | +0.02 |
| COST Costco Wholesale Corp. | Add +2.2% | 0.65% | +0.02 |
| PCAR Paccar Inc. | Add +2.0% | 0.13% | +0.02 |
| LIN Linde PLC | Add +1.4% | 0.45% | +0.02 |
| ABNB Airbnb Inc. Class A | Add +4.4% | 0.14% | +0.02 |
| BSX Boston Scientific Corp. | Add +2.0% | 0.20% | +0.02 |
| VST Vistra Corp. | Add +2.8% | 0.04% | +0.02 |
| HD Home Depot Inc. | Add +1.5% | 0.76% | +0.02 |
| GM General Motors Co. | Add +1.5% | 0.12% | +0.02 |
| FISV Fiserv Inc. | Add +0.4% | 0.19% | +0.02 |
| DASH DoorDash Inc. Class A | Add +3.4% | 0.07% | +0.02 |
| RTX RTX Corp. | Add +0.8% | 0.28% | +0.02 |
| TT Trane Technologies PLC | Add +1.6% | 0.14% | +0.02 |
| LOW Lowe's Cos Inc. | Add +1.6% | 0.29% | +0.02 |
| EW Edwards Lifesciences Corp. | Add +1.8% | 0.12% | +0.02 |
| PSX Phillips 66 | Add +0.8% | 0.14% | +0.02 |
| TDG Transdigm Group Inc. | Add +2.2% | 0.14% | +0.02 |
| WM Waste Management Inc. | Add +1.4% | 0.17% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +1.0% | 0.08% | +0.02 |
| PH Parker Hannifin Corp. | Add +2.0% | 0.14% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,071 | $19.9B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 2,051 | $17.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 2,047 | $18.4B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 2,081 | $18.8B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2025 | 2,053 | $17.4B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 2,086 | $15.7B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 2,130 | $16.4B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 2,151 | $15.9B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 2,101 | $15.0B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 2,124 | $14.5B | MSFT, AAPL, NVDA, AMZN, META |