Arizona State Retirement System

Q2 2025 13F-HR Holdings

Location
Phoenix, AZ
Holdings as of
6/30/2025
Date filed
8/13/2025
Form type
13F-HR
Num holdings
2,053
Total value ($000)
$17,355,384
Net value change ($000)
+1,645,875 (10.5%)
New positions
48
Sold out positions
81
Turnover %
0.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/1/2025 Next filing: 11/3/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
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)
NVDA 344,432 44.0%
MSFT 246,509 31.6%
AVGO 141,200 64.6%
META 101,495 27.4%
AMZN 81,838 15.4%
NFLX 50,514 43.3%
TSLA 49,055 22.3%
ORCL 38,187 55.1%
JPM 35,745 17.8%
PLTR 33,208 63.7%
Top Reduces (Value $000, Stocks/ETFs)
AAPL -81,573 -8.3%
UNH -60,313 -42.0%
BRK-B -17,729 -8.5%
XOM -17,105 -11.2%
CVX -14,359 -17.1%
LLY -14,224 -7.2%
TMO -13,348 -23.0%
ABBV -12,666 -11.7%
DFS -12,406 -100.0%
JNJ -9,565 -8.2%
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