Filed: 11/3/2025ACC: 0000897069-25-001611
📋 What this filing means
ARIZONA STATE RETIREMENT SYSTEM filed this quarterly 13F‑HR report disclosing 2081 equity positions with a total reported market value of $18.76B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
2081
Positions
$18.76B
Total AUM (reported)
155.09M
Total Shares
Allocation by class
COM$14.57B77.7%
CL A$1.29B6.9%
COM NEW$573.40M3.1%
CAP STK CL A$413.18M2.2%
COM CL A$400.23M2.1%
CAP STK CL C$349.44M1.9%
SHS$277.58M1.5%
Portfolio Concentration
Top 3$3.51B18.7%
4–10$2.90B15.5%
11–25$2.07B11.1%
Rest$10.28B54.8%
Top 3 weight
18.7%
Top 10 weight
34.2%
Voting Authority Distribution
Total shares with voting rights: 155.09M
Sole
Full voting authority
155.09M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole2081
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings2081
Rows:
NVIDIA CORPORATION
SOLEShares7.13M
TypeSH
Market value$1.33B
7.09%
Sole
7.13M
Shared
0.00
None
0.00
APPLE INC
SOLEShares4.36M
TypeSH
Market value$1.11B
5.92%
Sole
4.36M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares2.06M
TypeSH
Market value$1.07B
5.69%
Sole
2.06M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares2.79M
TypeSH
Market value$612.67M
3.27%
Sole
2.79M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares634.05K
TypeSH
Market value$465.63M
2.48%
Sole
634.05K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares1.30M
TypeSH
Market value$430.50M
2.29%
Sole
1.30M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares1.70M
TypeSH
Market value$413.18M
2.20%
Sole
1.70M
Shared
0.00
None
0.00
TESLA INC
SOLEShares846.57K
TypeSH
Market value$376.49M
2.01%
Sole
846.57K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares1.43M
TypeSH
Market value$349.44M
1.86%
Sole
1.43M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares811.39K
TypeSH
Market value$255.94M
1.36%
Sole
811.39K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares395.78K
TypeSH
Market value$198.97M
1.06%
Sole
395.78K
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares235.24K
TypeSH
Market value$179.49M
0.96%
Sole
235.24K
Shared
0.00
None
0.00
VISA INC
SOLEShares499.81K
TypeSH
Market value$170.63M
0.91%
Sole
499.81K
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares124.28K
TypeSH
Market value$149.00M
0.79%
Sole
124.28K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares250.25K
TypeSH
Market value$142.34M
0.76%
Sole
250.25K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares1.26M
TypeSH
Market value$141.90M
0.76%
Sole
1.26M
Shared
0.00
None
0.00
ORACLE CORP
SOLEShares494.76K
TypeSH
Market value$139.15M
0.74%
Sole
494.76K
Shared
0.00
None
0.00
WALMART INC
SOLEShares1.28M
TypeSH
Market value$132.12M
0.70%
Sole
1.28M
Shared
0.00
None
0.00
JOHNSON & JOHNSON
SOLEShares702.66K
TypeSH
Market value$130.29M
0.69%
Sole
702.66K
Shared
0.00
None
0.00
PALANTIR TECHNOLOGIES INC
SOLEShares661.24K
TypeSH
Market value$120.62M
0.64%
Sole
661.24K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares129.51K
TypeSH
Market value$119.88M
0.64%
Sole
129.51K
Shared
0.00
None
0.00
ABBVIE INC
SOLEShares515.87K
TypeSH
Market value$119.45M
0.64%
Sole
515.87K
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares290.51K
TypeSH
Market value$117.71M
0.63%
Sole
290.51K
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares2.09M
TypeSH
Market value$107.84M
0.57%
Sole
2.09M
Shared
0.00
None
0.00
PROCTER AND GAMBLE CO
SOLEShares684.78K
TypeSH
Market value$105.22M
0.56%
Sole
684.78K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 7.13M | SH | $1.33B 7.09% | 7.13M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 4.36M | SH | $1.11B 5.92% | 4.36M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 2.06M | SH | $1.07B 5.69% | 2.06M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 2.79M | SH | $612.67M 3.27% | 2.79M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 634.05K | SH | $465.63M 2.48% | 634.05K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 1.30M | SH | $430.50M 2.29% | 1.30M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 1.70M | SH | $413.18M 2.20% | 1.70M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 846.57K | SH | $376.49M 2.01% | 846.57K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 1.43M | SH | $349.44M 1.86% | 1.43M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 811.39K | SH | $255.94M 1.36% | 811.39K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 395.78K | SH | $198.97M 1.06% | 395.78K | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 235.24K | SH | $179.49M 0.96% | 235.24K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 499.81K | SH | $170.63M 0.91% | 499.81K | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 124.28K | SH | $149.00M 0.79% | 124.28K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 250.25K | SH | $142.34M 0.76% | 250.25K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 1.26M | SH | $141.90M 0.76% | 1.26M | 0.00 | 0.00 |
ORACLE CORPSOLE | COM | 494.76K | SH | $139.15M 0.74% | 494.76K | 0.00 | 0.00 |
WALMART INCSOLE | COM | 1.28M | SH | $132.12M 0.70% | 1.28M | 0.00 | 0.00 |
JOHNSON & JOHNSONSOLE | COM | 702.66K | SH | $130.29M 0.69% | 702.66K | 0.00 | 0.00 |
PALANTIR TECHNOLOGIES INCSOLE | CL A | 661.24K | SH | $120.62M 0.64% | 661.24K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 129.51K | SH | $119.88M 0.64% | 129.51K | 0.00 | 0.00 |
ABBVIE INCSOLE | COM | 515.87K | SH | $119.45M 0.64% | 515.87K | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 290.51K | SH | $117.71M 0.63% | 290.51K | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 2.09M | SH | $107.84M 0.57% | 2.09M | 0.00 | 0.00 |
PROCTER AND GAMBLE COSOLE | COM | 684.78K | SH | $105.22M 0.56% | 684.78K | 0.00 | 0.00 |
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