Arizona State Retirement System
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 1, 2026), Arizona State Retirement System reported 2,051 stock positions worth $17.1 billion. Its top holding was Nvidia (NVDA) at 6.8% of the portfolio, followed by Apple (AAPL, 6.0%) and Microsoft (MSFT, 4.2%). Compared with Q4 2025, it opened 57 new positions, sold out of 54, added to 233 and reduced 1,759. The biggest buy was Seagate Technology (STX, shares +1%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- PHOENIX, AZ
- CIK
- 0001558481
- Portfolio Value
- $17.1B (Q1 2026)
- SEC Filing
- 0000897069-26-000996 ↗ filed May 1, 2026
Holdings Value
Holdings 2,051 stocks · $17.1B
| NVDA Nvidia Corp. | 6.79% | 6,657,774 | $1.2B | Reduce -3.6% |
| AAPL Apple Inc. | 5.98% | 4,026,974 | $1.0B | Reduce -4.0% |
| MSFT Microsoft Corp. | 4.19% | 1,934,523 | $716.1M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 3.21% | 2,636,038 | $549.0M | Reduce -2.7% |
| GOOGL Alphabet Inc. Class A | 2.68% | 1,594,517 | $458.5M | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 2.24% | 1,333,281 | $382.5M | Reduce -3.1% |
| AVGO Broadcom Inc. | 2.23% | 1,234,074 | $382.0M | Reduce -2.5% |
| META Meta Platforms Inc. Class A | 2.00% | 596,801 | $341.4M | Reduce -3.0% |
| TSLA Tesla Inc. | 1.68% | 774,533 | $287.9M | Reduce -2.6% |
| JPM JPMorgan Chase & Co. | 1.28% | 745,877 | $219.4M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 1.18% | 220,180 | $202.5M | Reduce -3.8% |
| XOM Exxon Mobil Corp. | 1.15% | 1,155,274 | $196.0M | Reduce -4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.06% | 376,936 | $180.6M | Reduce -3.1% |
| JNJ Johnson & Johnson | 0.94% | 660,131 | $161.4M | Reduce -2.8% |
| WMT Walmart Inc. | 0.87% | 1,201,027 | $149.3M | Reduce -2.2% |
| V Visa Inc. Class A | 0.82% | 461,887 | $139.6M | Reduce -4.8% |
| COST Costco Wholesale Corp. | 0.71% | 121,612 | $121.2M | Reduce -3.8% |
| MA Mastercard Inc. Class A | 0.68% | 232,088 | $116.0M | Reduce -4.7% |
| NFLX Netflix Inc. | 0.65% | 1,160,952 | $111.6M | Reduce -2.3% |
| CVX Chevron Corp. | 0.63% | 524,172 | $108.5M | Reduce -4.7% |
| ABBV Abbvie Inc. | 0.62% | 484,297 | $105.3M | Reduce -2.4% |
| MU Micron Technology Inc. | 0.61% | 308,369 | $104.2M | Reduce -3.0% |
| PG The Procter & Gamble Co. | 0.54% | 640,302 | $92.5M | Reduce -4.0% |
| PLTR Palantir Technologies Inc. Class A | 0.54% | 625,867 | $91.6M | Reduce -2.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.54% | 1,877,644 | $91.5M | Reduce -5.0% |
| CAT Caterpillar Inc. | 0.53% | 128,252 | $90.9M | Reduce -3.1% |
| AMD Advanced Micro Devices | 0.53% | 446,054 | $90.7M | Reduce -3.1% |
| HD Home Depot Inc. | 0.52% | 272,752 | $89.7M | Reduce -3.6% |
| KO The Coca-Cola Co. | 0.50% | 1,119,915 | $85.2M | Reduce -4.0% |
| CSCO Cisco Systems Inc. | 0.49% | 1,082,530 | $84.0M | Reduce -4.1% |
| GE General Electric filed as GE AEROSPACE | 0.48% | 289,052 | $82.0M | Reduce -3.1% |
| MRK Merck & Co. Inc. | 0.48% | 679,746 | $81.8M | Reduce -3.2% |
| AMAT Applied Materials Inc. | 0.43% | 217,253 | $74.3M | Reduce -4.1% |
| LRCX Lam Research Corp. | 0.43% | 344,131 | $73.5M | Reduce -3.8% |
| RTX RTX Corp. | 0.41% | 367,440 | $70.9M | Reduce -3.4% |
| PM Philip Morris International | 0.41% | 426,514 | $70.5M | Reduce -3.0% |
| GS Goldman Sachs Group Inc. | 0.41% | 82,193 | $69.5M | Reduce -2.9% |
| ORCL Oracle Corp. | 0.41% | 472,406 | $69.5M | Reduce -1.6% |
| WFC Wells Fargo & Co. | 0.40% | 860,055 | $68.5M | Reduce -4.5% |
| UNH Unitedhealth Group Inc. | 0.39% | 248,183 | $67.2M | Reduce -2.8% |
| GEV GE Vernova Inc. | 0.38% | 74,363 | $64.9M | Reduce -3.3% |
| LIN Linde PLC | 0.37% | 127,936 | $63.4M | Reduce -4.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 256,101 | $62.1M | Reduce -2.6% |
| MCD McDonald's Corp. | 0.35% | 195,117 | $60.6M | Reduce -2.6% |
| PEP Pepsico Inc. | 0.34% | 374,627 | $58.2M | Reduce -2.5% |
| VZ Verizon Communications Inc. | 0.34% | 1,155,226 | $58.0M | Reduce -3.0% |
| T AT&T Inc. | 0.33% | 1,943,801 | $56.4M | Reduce -4.7% |
| C Citigroup Inc. | 0.33% | 490,144 | $55.6M | Reduce -5.8% |
| INTC Intel Corp. | 0.32% | 1,238,224 | $54.6M | Reduce -2.8% |
| MS Morgan Stanley | 0.31% | 325,286 | $53.5M | Reduce -3.3% |
| KLAC KLA Corp. | 0.31% | 36,000 | $53.0M | Reduce -2.3% |
| NEE Nextera Energy Inc. | 0.31% | 564,210 | $52.4M | Reduce -4.2% |
| AMGN Amgen Inc. | 0.30% | 147,534 | $51.9M | Reduce -2.5% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 102,966 | $50.6M | Reduce -3.8% |
| ABT Abbott Laboratories | 0.29% | 476,502 | $48.9M | Reduce -3.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 304,286 | $48.6M | Reduce -4.8% |
| TXN Texas Instruments Inc. | 0.28% | 248,946 | $48.3M | Reduce -3.0% |
| CRM Salesforce Inc. | 0.28% | 256,722 | $47.9M | Reduce -4.5% |
| GILD Gilead Sciences Inc. | 0.28% | 339,924 | $47.4M | Reduce -3.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 489,092 | $47.1M | Reduce -3.6% |
| AXP American Express Co. | 0.27% | 151,001 | $45.7M | Reduce -3.3% |
| ISRG Intuitive Surgical Inc. | 0.26% | 97,126 | $44.8M | Reduce -4.7% |
| COP Conocophillips | 0.26% | 338,504 | $44.7M | Reduce -3.7% |
| PFE Pfizer Inc. | 0.26% | 1,557,209 | $43.7M | Reduce -2.7% |
| SCHW Schwab (charles) Corp. | 0.25% | 462,555 | $43.5M | Reduce -6.0% |
| BA The Boeing Co. | 0.25% | 214,585 | $42.7M | Reduce -2.3% |
| ADI Analog Devices Inc. | 0.25% | 134,157 | $42.7M | Reduce -3.5% |
| APH Amphenol Corp. Class A | 0.25% | 335,550 | $42.4M | Reduce -3.3% |
| DE Deere & Co. | 0.23% | 70,392 | $39.7M | Reduce -2.5% |
| UNP Union Pacific Corp. | 0.23% | 162,497 | $39.4M | Reduce -4.4% |
| HON Honeywell International Inc. | 0.23% | 173,947 | $39.3M | Reduce -4.2% |
| UBER Uber Technologies Inc. | 0.23% | 540,753 | $38.9M | Reduce -3.8% |
| BLK BlackRock Inc. | 0.23% | 40,383 | $38.8M | Reduce -2.9% |
| ETN Eaton Corp. PLC | 0.22% | 106,417 | $38.1M | Reduce -3.3% |
| QCOM Qualcomm Inc. | 0.22% | 291,250 | $37.5M | Reduce -3.2% |
| BKNG Booking Holdings Inc. | 0.22% | 8,832 | $37.2M | Reduce -3.1% |
| WELL Welltower Inc. | 0.22% | 187,978 | $37.2M | Reduce -2.5% |
| LOW Lowe's Cos Inc. | 0.21% | 153,714 | $36.3M | Reduce -2.7% |
| SPGI S&P Global Inc. | 0.21% | 84,943 | $36.1M | Reduce -4.2% |
| ANET Arista Networks Inc. | 0.21% | 293,381 | $36.0M | Reduce -3.2% |
| PANW Palo Alto Networks Inc. | 0.21% | 221,398 | $35.5M | Add +16.1% |
| LMT Lockheed Martin Corp. | 0.20% | 57,070 | $34.5M | Reduce -3.8% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 557,851 | $33.8M | Reduce -2.5% |
| PLD Prologis Inc. | 0.20% | 254,546 | $33.6M | Reduce -2.6% |
| ACN Accenture PLC Class A | 0.20% | 168,649 | $33.4M | Reduce -3.8% |
| CB Chubb Ltd. | 0.20% | 102,432 | $33.4M | Reduce -4.3% |
| DHR Danaher Corp. | 0.19% | 174,217 | $33.0M | Reduce -3.9% |
| INTU Intuit Inc. | 0.19% | 76,242 | $33.0M | Reduce -3.2% |
| NEM Newmont Corp. | 0.19% | 298,987 | $32.4M | Reduce -2.7% |
| PGR Progressive Corp. | 0.19% | 160,616 | $31.8M | Reduce -2.2% |
| COF Capital One Financial Corp. | 0.19% | 174,189 | $31.8M | Reduce -3.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.18% | 69,515 | $31.0M | Reduce -3.8% |
| SYK Stryker Corp. | 0.18% | 94,311 | $31.0M | Reduce -3.6% |
| PH Parker Hannifin Corp. | 0.18% | 34,585 | $31.0M | Reduce -3.6% |
| MDT Medtronic PLC | 0.18% | 351,358 | $30.4M | Reduce -2.8% |
| MO Altria Group Inc. | 0.18% | 459,992 | $30.4M | Reduce -3.1% |
| GLW Corning Inc. | 0.18% | 223,156 | $30.3M | Reduce -2.7% |
| NOW ServiceNow Inc. | 0.17% | 284,205 | $29.7M | Reduce -2.9% |
| MCK McKesson Corp. | 0.17% | 33,831 | $29.3M | Reduce -4.1% |
| CME Cme Group Inc. | 0.17% | 98,797 | $29.2M | Reduce -2.4% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -3.0% | 4.19% | −1.06 |
| TSLA Tesla Inc. | Reduce -2.6% | 1.68% | −0.26 |
| AAPL Apple Inc. | Reduce -4.0% | 5.98% | −0.23 |
| NVDA Nvidia Corp. | Reduce -3.6% | 6.79% | −0.22 |
| META Meta Platforms Inc. Class A | Reduce -3.0% | 2.00% | −0.21 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 3.21% | −0.19 |
| LLY Eli Lilly & Co. | Reduce -3.8% | 1.18% | −0.15 |
| AVGO Broadcom Inc. | Reduce -2.5% | 2.23% | −0.15 |
| GOOGL Alphabet Inc. Class A | Reduce -3.2% | 2.68% | −0.12 |
| GOOG Alphabet Inc. Class C | Reduce -3.1% | 2.24% | −0.11 |
| V Visa Inc. Class A | Reduce -4.8% | 0.82% | −0.11 |
| CRM Salesforce Inc. | Reduce -4.5% | 0.28% | −0.11 |
| ORCL Oracle Corp. | Reduce -1.6% | 0.41% | −0.10 |
| APP AppLovin Corp. Class A | Reduce -2.9% | 0.15% | −0.09 |
| INTU Intuit Inc. | Reduce -3.2% | 0.19% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -2.3% | 0.54% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -4.7% | 0.68% | −0.08 |
| NOW ServiceNow Inc. | Reduce -2.9% | 0.17% | −0.07 |
| BSX Boston Scientific Corp. | Reduce -3.5% | 0.15% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -2.8% | 0.39% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -3.0% | 1.28% | −0.07 |
| ADBE Adobe Inc. | Reduce -3.1% | 0.16% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -2.6% | 0.36% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -3.2% | 0.22% | −0.06 |
| ACN Accenture PLC Class A | Reduce -3.8% | 0.20% | −0.06 |
| BAC Bank of America Corp. | Reduce -5.0% | 0.54% | −0.06 |
| WFC Wells Fargo & Co. | Reduce -4.5% | 0.40% | −0.06 |
| COF Capital One Financial Corp. | Reduce -3.7% | 0.19% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -4.7% | 0.26% | −0.05 |
| ABT Abbott Laboratories | Reduce -3.7% | 0.29% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -3.1% | 0.22% | −0.05 |
| AXP American Express Co. | Reduce -3.3% | 0.27% | −0.05 |
| HOOD Robinhood Markets Inc. Class A | Reduce -0.8% | 0.08% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.8% | 0.30% | −0.04 |
| SPGI S&P Global Inc. | Reduce -4.2% | 0.21% | −0.04 |
| DASH DoorDash Inc. Class A | Reduce -0.9% | 0.09% | −0.04 |
| DIS The Walt Disney Co. | Reduce -3.6% | 0.28% | −0.04 |
| BX Blackstone Inc. | Reduce -1.9% | 0.14% | −0.04 |
| DHR Danaher Corp. | Reduce -3.9% | 0.19% | −0.03 |
| CEG Constellation Energy | Reduce -4.4% | 0.14% | −0.03 |
| SNOW Snowflake Inc. | Reduce -3.1% | 0.08% | −0.03 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.03 |
| KKR KKR & Co. Inc. | Reduce -2.4% | 0.09% | −0.03 |
| ADP Automatic Data Processing | Reduce -2.8% | 0.13% | −0.03 |
| WDAY Workday Inc. Class A | Reduce -4.4% | 0.04% | −0.03 |
| FLUT Flutter Entertainment PLC-Di | Reduce -1.0% | 0.03% | −0.03 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -2.5% | 0.16% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -3.8% | 0.23% | −0.02 |
| FICO Fair Isaac Corp. | Reduce -2.2% | 0.04% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| STX Seagate Technology Holdings | Add +1.2% | 0.14% | +0.05 |
| PNFP Pinnacle Financial Partners | New | 0.02% | +0.02 |
| FITB Fifth Third Bancorp | Add +34.5% | 0.07% | +0.02 |
| BE Bloom Energy Corp. Class A | Add +0.1% | 0.05% | +0.02 |
| IREN Iren Ltd. | New | 0.02% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +16.1% | 0.21% | +0.02 |
| WAT Waters Corp. | Add +63.4% | 0.05% | +0.01 |
| OVV Ovintiv Inc. | Add +9.4% | 0.03% | +0.01 |
| CRWV Coreweave Inc. Class A | Add +33.7% | 0.03% | +0.01 |
| HBAN Huntington Bancshares Inc. | Add +27.7% | 0.05% | +0.01 |
| WEC WEC Energy Group Inc. | Add +0.1% | 0.06% | +0.01 |
| VTR Ventas Inc. | Add +2.4% | 0.06% | +0.01 |
| SM SM Energy Co. | Add +85.8% | 0.01% | +0.01 |
| CMS CMS Energy Corp. | Add +0.8% | 0.04% | +0.01 |
| NI Nisource Inc. | Add +0.5% | 0.04% | +0.01 |
| STRL Sterling Infrastructure Inc. | Add +0.3% | 0.02% | +0.01 |
| ASTS Ast Spacemobile Inc. | Add +2.0% | 0.03% | +0.01 |
| AAOI Applied Optoelectronics Inc. | Add +7.9% | 0.01% | +0.01 |
| DOCN Digitalocean Holdings Inc. | Add +8.7% | 0.01% | +0.01 |
| RVMD Revolution Medicines Inc. | Add +0.6% | 0.02% | +0.01 |
| TEX Terex Corp. | Add +70.1% | 0.01% | +0.01 |
| AXTI Axt Inc. | New | 0.00% | +0.00 |
| TERN Terns Pharmaceuticals Inc. | New | 0.00% | +0.00 |
| DNTH Dianthus Therapeutics Inc. | New | 0.00% | +0.00 |
| FSLY Fastly Inc. Class A | Add +0.2% | 0.01% | +0.00 |
| ERAS Erasca Inc. | New | 0.00% | +0.00 |
| VNOM Viper Energy Inc. Class A | Add +10.8% | 0.01% | +0.00 |
| BTSG Brightspring Health Services | Add +45.5% | 0.01% | +0.00 |
| RYN Rayonier Inc. | Add +76.3% | 0.01% | +0.00 |
| ES Eversource Energy | Add +0.2% | 0.04% | +0.00 |
| PL Planet Labs PBC | Add +1.7% | 0.01% | +0.00 |
| LGN Legence Corp. Class A | New | 0.00% | +0.00 |
| GPGI Gpgi Inc. | Add +229.7% | 0.01% | +0.00 |
| RKLB Rocket Lab Corp. | Add +8.7% | 0.05% | +0.00 |
| XENE Xenon Pharmaceuticals Inc. | Add +35.2% | 0.01% | +0.00 |
| APG Api Group Corp. | Add +2.1% | 0.02% | +0.00 |
| IBRX Immunitybio Inc. | Add +2.7% | 0.00% | +0.00 |
| HPE Hewlett Packard Enterprise | Add +0.1% | 0.05% | +0.00 |
| NFG National Fuel Gas Co. | Add +3.9% | 0.01% | +0.00 |
| PRAX Praxis Precision Medicines I | Add +13.2% | 0.01% | +0.00 |
| OGE Oge Energy Corp. | Add +0.9% | 0.02% | +0.00 |
| NKTR Nektar Therapeutics | New | 0.00% | +0.00 |
| HYMC Hycroft Mining Holding Co. Class A | New | 0.00% | +0.00 |
| ICHR Ichor Holdings Ltd. | New | 0.00% | +0.00 |
| ACLX Arcellx Inc. | Add +0.0% | 0.01% | +0.00 |
| CAPR Capricor Therapeutics Inc. | New | 0.00% | +0.00 |
| NIC Nicolet Bankshares Inc. | Add +49.3% | 0.00% | +0.00 |
| VSEC Vse Corp. | Add +22.8% | 0.01% | +0.00 |
| ALMS Alumis Inc. | New | 0.00% | +0.00 |
| SNEX Stonex Group Inc. | Add +49.3% | 0.01% | +0.00 |
Notes & Other Activity Q4 2025 → Q1 2026
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Sold out | 12,575 | $38Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |