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Portfolio (Quarterly) Guide ↗

ARIZONA STATE RETIREMENT SYSTEM

· CIK 0001558481
13F Portfolio $18.4B AUM Filed Jan 28, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 2048 New
Page 1 of 103  ·  2,048 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 NVDA NVIDIA CORPORATION Technology 6,905,742.0 $1.29B 7.01% NEW $186.50 +11.1%
2 AAPL APPLE INC Technology 4,194,593.0 $1.14B 6.20% NEW $271.86 +20.6%
3 MSFT MICROSOFT CORP Technology 1,993,631.0 $964.2M 5.25% NEW $483.62 -17.8%
4 AMZN AMAZON COM INC Consumer Cyclical 2,708,304.0 $625.1M 3.40% NEW $230.82 +7.2%
5 GOOGL ALPHABET INC Communication Services 1,646,513.0 $515.4M 2.80% NEW $313.00 +10.9%
6 AVGO BROADCOM INC Technology 1,265,651.0 $438.0M 2.38% NEW $346.10 +11.7%
7 GOOG ALPHABET INC Communication Services 1,375,984.0 $431.8M 2.35% NEW $313.80 +10.3%
8 META META PLATFORMS INC Communication Services 615,238.0 $406.1M 2.21% NEW $660.09 -2.5%
9 TSLA TESLA INC Consumer Cyclical 795,441.0 $357.7M 1.95% NEW $449.72 -15.7%
10 JPM JPMORGAN CHASE & CO. Financial Services 769,098.0 $247.8M 1.35% NEW $322.22 +7.1%
11 LLY ELI LILLY & CO Healthcare 228,869.0 $246.0M 1.34% NEW $1074.68 +9.3%
12 BERKSHIRE HATHAWAY INC DEL 388,841.0 $195.5M 1.06% NEW $502.65
13 V VISA INC Financial Services 485,236.0 $170.2M 0.93% NEW $350.71 +1.5%
14 XOM EXXON MOBIL CORP Energy 1,207,146.0 $145.3M 0.79% NEW $120.34 +26.1%
15 JNJ JOHNSON & JOHNSON Healthcare 679,300.0 $140.6M 0.77% NEW $206.95 +21.1%
16 MA MASTERCARD INCORPORATED Financial Services 243,464.0 $139.0M 0.76% NEW $570.88 -5.7%
17 WMT WALMART INC Consumer Defensive 1,228,207.0 $136.8M 0.74% NEW $111.41 -0.9%
18 PLTR PALANTIR TECHNOLOGIES INC Technology 640,375.0 $113.8M 0.62% NEW $177.75 -25.4%
19 ABBV ABBVIE INC Healthcare 496,417.0 $113.4M 0.62% NEW $228.49 +12.1%
20 NFLX NETFLIX INC Communication Services 1,187,920.0 $111.4M 0.61% NEW $93.76 -26.8%
Page 1 of 103  ·  2,048 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 34.0%
Financial Services 12.3%
Consumer Cyclical 10.6%
Communication Services 10.3%
Healthcare 10.0%
Industrials 8.7%
Consumer Defensive 4.6%
Energy 3.1%
Utilities 2.5%
Real Estate 2.3%