Arizona State Retirement System

Q1 2025 13F-HR Holdings

Location
Phoenix, AZ
Holdings as of
3/31/2025
Date filed
5/1/2025
Form type
13F-HR
Num holdings
2,086
Total value ($000)
$15,709,509
Net value change ($000)
-652,355 (-4.0%)
New positions
47
Sold out positions
91
Turnover %
1.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/6/2025 Next filing: 8/13/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BLK 40,868 NEW
BRK-B 33,306 19.1%
LRCX 27,447 NEW
V 26,674 17.4%
ANET 24,348 NEW
PM 18,169 33.5%
ABBV 17,497 19.2%
LLY 16,465 9.1%
JNJ 16,029 15.8%
XOM 14,447 10.4%
Top Reduces (Value $000, Stocks/ETFs)
NVDA -243,712 -23.7%
AAPL -126,065 -11.4%
TSLA -118,141 -35.0%
MSFT -86,479 -10.0%
AVGO -80,530 -26.9%
AMZN -72,752 -12.1%
GOOGL -54,884 -17.0%
GOOGL -47,916 -17.2%
CRM -17,452 -18.8%
NOW -15,206 -24.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type