ARIZONA STATE RETIREMENT SYSTEM

PHOENIX, AZ · CIK 1558481 · 13F filing filed 2026-08-07

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityArizona State Retirement System (US)

$19.9bn reported value +16.3% vs Q1 2026

2,071positions

32.0%in top 10

83 new 1,163 added 823 reduced 63 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	6,405,642	$1.3bn6.44%	6.44%	Reduced -252.1k	-252,132 -3.8%
2	APPLE INC COM AAPL	AAPL	4,073,733	$1.2bn5.93%	5.93%	Added +46.8k	+46,759 1.2%
3	MICROSOFT CORP COM MSFT	MSFT	1,957,446	$730.2m3.67%	3.67%	Added +22.9k	+22,923 1.2%
4	AMAZON COM INC COM AMZN	AMZN	2,685,688	$640.1m3.22%	3.22%	Added +49.6k	+49,650 1.9%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,615,493	$577.3m2.90%	2.90%	Added +21.0k	+20,976 1.3%
6	BROADCOM INC COM AVGO	AVGO	1,248,090	$471.5m2.37%	2.37%	Added +14.0k	+14,016 1.1%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	1,282,599	$453.2m2.28%	2.28%	Reduced -50.7k	-50,682 -3.8%
8	MICRON TECHNOLOGY INC COM MU	MU	312,924	$361.2m1.82%	1.82%	Added +4.6k	+4,555 1.5%
9	META PLATFORMS INC CL A META	META	609,361	$343.2m1.73%	1.73%	Added +12.6k	+12,560 2.1%
10	TESLA INC COM TSLA	TSLA	780,920	$328.5m1.65%	1.65%	Added +6.4k	+6,387 0.8%
11	ELI LILLY & CO COM LLY	LLY	222,844	$267.3m1.34%	1.34%	Added +2.7k	+2,664 1.2%
12	ADVANCED MICRO DEVICES INC COM AMD	AMD	452,388	$262.8m1.32%	1.32%	Added +6.3k	+6,334 1.4%
13	JPMORGAN CHASE & CO COM JPM	JPM	744,264	$243.6m1.22%	1.22%	Reduced -1.6k	-1,613 -0.2%
14	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	385,899	$193.1m0.97%	0.97%	Added +9.0k	+8,963 2.4%
15	INTEL CORP COM INTC	INTC	1,219,079	$170.2m0.86%	0.86%	Reduced -19.1k	-19,145 -1.6%
16	JOHNSON & JOHNSON COM JNJ	JNJ	668,344	$169.7m0.85%	0.85%	Added +8.2k	+8,213 1.2%
17	VISA INC COM CL A V	V	466,471	$160.0m0.80%	0.80%	Added +4.6k	+4,584 1.0%
18	APPLIED MATLS INC COM AMAT	AMAT	220,211	$159.2m0.80%	0.80%	Added +3.0k	+2,958 1.4%
19	EXXON MOBIL CORP COM XOM	XOM	1,153,365	$157.7m0.79%	0.79%	Reduced -1.9k	-1,909 -0.2%
20	LAM RESEARCH CORP COM NEW LRCX	LRCX	346,510	$150.2m0.75%	0.75%	Added +2.4k	+2,379 0.7%
21	WALMART INC COM WMT	WMT	1,216,703	$137.8m0.69%	0.69%	Added +15.7k	+15,676 1.3%
22	CATERPILLAR INC COM CAT	CAT	129,108	$137.5m0.69%	0.69%	Added +856	+856 0.7%
23	CISCO SYS INC COM CSCO	CSCO	1,096,019	$128.7m0.65%	0.65%	Added +13.5k	+13,489 1.2%
24	ABBVIE INC COM ABBV	ABBV	490,797	$123.5m0.62%	0.62%	Added +6.5k	+6,500 1.3%
25	MASTERCARD INCORPORATED CL A MA	MA	227,208	$116.7m0.59%	0.59%	Reduced -4.9k	-4,880 -2.1%
26	COSTCO WHSL CORP NEW COM COST	COST	123,105	$115.2m0.58%	0.58%	Added +1.5k	+1,493 1.2%
27	KLA CORP COM NEW KLAC	KLAC	363,713	$109.7m0.55%	0.55%	Added +3.7k	+3,713 1.0%
28	GE AEROSPACE COM NEW GE	GE	289,920	$108.4m0.54%	0.54%	Added +868	+868 0.3%
29	BANK AMERICA CORP COM BAC	BAC	1,883,657	$107.3m0.54%	0.54%	Added +6.0k	+6,013 0.3%
30	UNITEDHEALTH GROUP INC COM UNH	UNH	251,862	$104.7m0.53%	0.53%	Added +3.7k	+3,679 1.5%
31	HOME DEPOT INC COM HD	HD	276,374	$97.5m0.49%	0.49%	Added +3.6k	+3,622 1.3%
32	PROCTER AND GAMBLE CO COM PG	PG	644,865	$94.6m0.48%	0.48%	Added +4.6k	+4,563 0.7%
33	SANDISK CORP COM SNDK	SNDK	39,709	$90.3m0.45%	0.45%	Added +1.5k	+1,467 3.8%
34	MERCK & CO INC COM MRK	MRK	686,042	$88.2m0.44%	0.44%	Added +6.3k	+6,296 0.9%
35	GE VERNOVA INC COM GEV	GEV	74,789	$87.9m0.44%	0.44%	Added +426	+426 0.6%
36	COCA COLA CO COM KO	KO	1,074,888	$87.4m0.44%	0.44%	Reduced -45.0k	-45,027 -4.0%
37	CHEVRON CORP NEW COM CVX	CVX	512,155	$84.9m0.43%	0.43%	Reduced -12.0k	-12,017 -2.3%
38	NETFLIX INC COM NFLX	NFLX	1,168,416	$83.4m0.42%	0.42%	Added +7.5k	+7,464 0.6%
39	GOLDMAN SACHS GROUP INC COM GS	GS	81,855	$82.8m0.42%	0.42%	Reduced -338	-338 -0.4%
40	PHILIP MORRIS INTL INC COM PM	PM	432,462	$78.2m0.39%	0.39%	Added +5.9k	+5,948 1.4%
41	PALO ALTO NETWORKS INC COM PANW	PANW	225,037	$76.7m0.39%	0.39%	Added +3.6k	+3,639 1.6%
42	TEXAS INSTRS INC COM TXN	TXN	252,636	$75.3m0.38%	0.38%	Added +3.7k	+3,690 1.5%
43	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	260,286	$73.2m0.37%	0.37%	Added +4.2k	+4,185 1.6%
44	RTX CORPORATION COM RTX	RTX	373,482	$70.9m0.36%	0.36%	Added +6.0k	+6,042 1.6%
45	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	604,307	$70.5m0.35%	0.35%	Reduced -21.6k	-21,560 -3.4%
46	MARVELL TECHNOLOGY INC COM MRVL	MRVL	236,579	$70.5m0.35%	0.35%	Added +4.2k	+4,214 1.8%
47	WELLS FARGO CO NEW COM WFC	WFC	850,284	$70.3m0.35%	0.35%	Reduced -9.8k	-9,771 -1.1%
48	ORACLE CORP COM ORCL	ORCL	478,829	$70.2m0.35%	0.35%	Added +6.4k	+6,423 1.4%
49	MORGAN STANLEY COM NEW MS	MS	328,814	$68.7m0.35%	0.35%	Added +3.5k	+3,528 1.1%
50	LINDE PLC SHS LIN	LIN	128,583	$66.7m0.34%	0.34%	Added +647	+647 0.5%
51	CITIGROUP INC COM NEW C	C	473,271	$66.2m0.33%	0.33%	Reduced -16.9k	-16,873 -3.4%
52	WESTERN DIGITAL CORP COM WDC	WDC	96,018	$61.3m0.31%	0.31%	Added +2.3k	+2,344 2.5%
53	AMPHENOL CORP CL A APH	APH	341,144	$60.2m0.30%	0.30%	Added +5.6k	+5,594 1.7%
54	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	60,609	$58.5m0.29%	0.29%	Added +1.4k	+1,409 2.4%
55	CORNING INC COM GLW	GLW	220,483	$56.3m0.28%	0.28%	Reduced -2.7k	-2,673 -1.2%
56	QUALCOMM INC COM QCOM	QCOM	296,072	$54.7m0.28%	0.28%	Added +4.8k	+4,822 1.7%
57	AMGEN INC COM AMGN	AMGN	149,581	$54.2m0.27%	0.27%	Added +2.0k	+2,047 1.4%
58	ANALOG DEVICES INC COM ADI	ADI	135,467	$53.8m0.27%	0.27%	Added +1.3k	+1,310 1.0%
59	MCDONALDS CORP COM MCD	MCD	197,122	$53.3m0.27%	0.27%	Added +2.0k	+2,005 1.0%
60	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	68,502	$52.3m0.26%	0.26%	Reduced -568	-568 -0.8%
61	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	103,118	$51.7m0.26%	0.26%	Added +152	+152 0.1%
62	PEPSICO INC COM PEP	PEP	379,252	$51.4m0.26%	0.26%	Added +4.6k	+4,625 1.2%
63	NEXTERA ENERGY INC COM NEE	NEE	578,632	$50.8m0.26%	0.26%	Added +14.4k	+14,422 2.6%
64	ARISTA NETWORKS INC COM SHS ANET	ANET	296,365	$50.3m0.25%	0.25%	Added +3.0k	+2,984 1.0%
65	AMERICAN EXPRESS CO COM AXP	AXP	147,476	$49.9m0.25%	0.25%	Reduced -3.5k	-3,525 -2.3%
66	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,159,870	$49.1m0.25%	0.25%	Added +4.6k	+4,644 0.4%
67	DISNEY WALT CO COM DIS	DIS	491,563	$47.3m0.24%	0.24%	Added +2.5k	+2,471 0.5%
68	TJX COS INC NEW COM TJX	TJX	307,119	$46.5m0.23%	0.23%	Added +2.8k	+2,833 0.9%
69	EATON CORP PLC SHS ETN	ETN	107,658	$45.9m0.23%	0.23%	Added +1.2k	+1,241 1.2%
70	BOEING CO COM BA	BA	207,154	$44.8m0.23%	0.23%	Reduced -7.4k	-7,431 -3.5%
71	UNION PAC CORP COM UNP	UNP	164,735	$44.8m0.23%	0.23%	Added +2.2k	+2,238 1.4%
72	WELLTOWER INC COM WELL	WELL	195,494	$44.4m0.22%	0.22%	Added +7.5k	+7,516 4.0%
73	ABBOTT LABS COM ABT	ABT	483,276	$43.9m0.22%	0.22%	Added +6.8k	+6,774 1.4%
74	GILEAD SCIENCES INC COM GILD	GILD	344,415	$43.5m0.22%	0.22%	Added +4.5k	+4,491 1.3%
75	DEERE & CO COM DE	DE	67,454	$42.8m0.22%	0.22%	Reduced -2.9k	-2,938 -4.2%
76	SCHWAB CHARLES CORP COM SCHW	SCHW	458,174	$42.3m0.21%	0.21%	Reduced -4.4k	-4,381 -0.9%
77	AT&T INC COM T	T	1,937,411	$40.1m0.20%	0.20%	Reduced -6.4k	-6,390 -0.3%
78	BLACKROCK INC COM BLK	BLK	40,956	$39.4m0.20%	0.20%	Added +573	+573 1.4%
79	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	98,553	$39.2m0.20%	0.20%	Added +1.4k	+1,427 1.5%
80	BOOKING HOLDINGS INC COM BKNG	BKNG	217,321	$38.7m0.19%	0.19%	Reduced -3.5k	-3,479 -1.6%
81	PFIZER INC COM PFE	PFE	1,578,409	$38.0m0.19%	0.19%	Added +21.2k	+21,200 1.4%
82	CVS HEALTH CORP COM CVS	CVS	353,014	$36.5m0.18%	0.18%	Added +5.3k	+5,257 1.5%
83	DELL TECHNOLOGIES INC CL C DELL	DELL	83,586	$36.1m0.18%	0.18%	Reduced -3.3k	-3,328 -3.8%
84	UBER TECHNOLOGIES INC COM UBER	UBER	494,533	$35.7m0.18%	0.18%	Reduced -46.2k	-46,220 -8.6%
85	PROGRESSIVE CORP COM PGR	PGR	162,316	$35.5m0.18%	0.18%	Added +1.7k	+1,700 1.1%
86	CONOCOPHILLIPS COM COP	COP	339,176	$35.3m0.18%	0.18%	Added +672	+672 0.2%
87	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	70,580	$35.1m0.18%	0.18%	Added +1.1k	+1,065 1.5%
88	PROLOGIS INC. COM PLD	PLD	258,676	$35.0m0.18%	0.18%	Added +4.1k	+4,130 1.6%
89	SALESFORCE INC COM CRM	CRM	221,319	$34.7m0.17%	0.17%	Reduced -35.4k	-35,403 -13.8%
90	LOWES COS INC COM LOW	LOW	155,407	$34.3m0.17%	0.17%	Added +1.7k	+1,693 1.1%
91	S&P GLOBAL INC COM SPGI	SPGI	84,115	$34.3m0.17%	0.17%	Reduced -828	-828 -1.0%
92	PARKER-HANNIFIN CORP COM PH	PH	35,022	$34.3m0.17%	0.17%	Added +437	+437 1.3%
93	VERTIV HOLDINGS CO COM CL A VRT	VRT	100,856	$33.8m0.17%	0.17%	Added +2.1k	+2,103 2.1%
94	DANAHER CORPORATION COM DHR	DHR	176,736	$33.7m0.17%	0.17%	Added +2.5k	+2,519 1.4%
95	ALTRIA GROUP INC COM MO	MO	463,758	$33.4m0.17%	0.17%	Added +3.8k	+3,766 0.8%
96	CAPITAL ONE FINL CORP COM COF	COF	165,992	$33.3m0.17%	0.17%	Reduced -8.2k	-8,197 -4.7%
97	CHUBB LIMITED COM CB	CB	97,018	$33.1m0.17%	0.17%	Reduced -5.4k	-5,414 -5.3%
98	APPLOVIN CORP COM CL A APP	APP	63,700	$32.8m0.17%	0.17%	Added +493	+493 0.8%
99	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	566,542	$32.6m0.16%	0.16%	Added +8.7k	+8,691 1.6%
100	STARBUCKS CORP COM SBUX	SBUX	316,134	$32.3m0.16%	0.16%	Added +4.6k	+4,589 1.5%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		86,974	$39.3m87.0k shares
CARNIVAL CORP		302,488	$7.8m302.5k shares
COTERRA ENERGY INC CTRA	CTRA	206,883	$7.3m206.9k shares
DUPONT DE NEMOURS INC DWDP	DWDP	37,948	$5.2m37.9k shares
HOLOGIC INC HOLX	HOLX	60,612	$4.6m60.6k shares
MASIMO CORP MASI	MASI	12,541	$2.2m12.5k shares
AIR LEASE CORP AL	AL	29,164	$1.9m29.2k shares
CLEARWATER ANALYTICS HLDGS I		79,150	$1.9m79.2k shares
SEALED AIR CORP NEW		40,431	$1.7m40.4k shares
AMICUS THERAPEUTICS INC FOLD	FOLD	76,464	$1.1m76.5k shares
TRI POINTE HOMES INC TPH	TPH	23,610	$1.1m23.6k shares
ARCELLX INC ACLX	ACLX	7,616	$874.5k7.6k shares
APELLIS PHARMACEUTICALS INC APLS	APLS	20,813	$837.3k20.8k shares
TERNS PHARMACEUTICALS INC		15,624	$823.7k15.6k shares
CSG SYS INTL INC		7,834	$626.2k7.8k shares
ONESTREAM INC OS	OS	23,069	$553.7k23.1k shares
STELLAR BANCORP INC		13,351	$488.8k13.4k shares
THERMON GROUP HLDGS INC		9,018	$454.5k9.0k shares
VERIS RESIDENTIAL INC		23,071	$435.4k23.1k shares
DAY ONE BIOPHARMACEUTICALS I		19,742	$423.3k19.7k shares
SOLENO THERAPEUTICS INC SLNO	SLNO	12,540	$419.8k12.5k shares
ENVIRI CORP		19,936	$391.1k19.9k shares
CLEARWAY ENERGY INC		9,519	$372.9k9.5k shares
GCI LIBERTY INC GLIBK	GLIBK	9,317	$346.7k9.3k shares
PROASSURANCE CORP PRA	PRA	13,416	$331.6k13.4k shares