ARIZONA STATE RETIREMENT SYSTEM

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CIK 1558481

13F portfolio (2026-Q1)

$17.1B

Positions

2,051

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

2051

Top 5

22.8%

Top 10

32.3%

Effective N

64.9

HHI

0.015

This quarter

63 new · 0 exit →

By sector

Information Technology32.7%

Financials12.8%

Consumer Discretionary12.0%

Industrials9.8%

Communication Services9.5%

Health Care8.1%

Materials3.6%

Energy3.4%

Other8.2%

By market cap

Mega (>$200B)54.7%

Large ($10–200B)39.0%

Mid ($2–10B)5.2%

Small ($300M–2B)0.6%

Unknown0.4%

Micro (<$300M)0.0%

By region

North America99.7%

Other0.3%

By industry group GICS — finer than sector

Industry group	Weight	Names
Semiconductors & Semiconductor Equipment	12.86%	71
Technology Hardware & Equipment	9.67%	69
Software & IT Services	7.82%	67
Software	7.52%	99
Specialty Retail	7.17%	71
Pharmaceuticals & Biotechnology	5.94%	163
Banks	4.86%	175
Commercial Services & Supplies	3.78%	83
Oil, Gas & Consumable Fuels	3.36%	66
Machinery	3.21%	100
Utilities	3.07%	74
Capital Markets	2.68%	61
Insurance	2.65%	84
Equity Real Estate Investment Trusts (REITs)	2.22%	117
Automobiles & Components	2.18%	29
Chemicals	2.08%	66
Aerospace & Defense	1.97%	36
Health Care Equipment & Supplies	1.53%	56
Unclassified	1.33%	35
Electrical Equipment & Components	1.16%	12
Media & Entertainment	1.14%	28
Hotels, Restaurants & Leisure	1.13%	37
Beverages	1.06%	12
Distributors	1.01%	43
Metals & Mining	0.96%	35
Diversified Telecommunication Services	0.95%	18
Road & Rail	0.71%	15
Construction & Engineering	0.69%	36
Tobacco	0.59%	3
Communications Equipment	0.57%	13
Food Products	0.48%	25
Health Care Providers & Services	0.44%	41
Entertainment	0.43%	20
Transportation Infrastructure	0.40%	13
Life Sciences Tools & Services	0.32%	15
Construction Materials	0.30%	13
Textiles, Apparel & Luxury Goods	0.25%	20
Food & Staples Retailing	0.24%	9
Paper & Forest Products	0.23%	16
Marine	0.19%	9
Real Estate Management & Development	0.18%	21
Professional Services	0.17%	18
Airlines	0.16%	8
Agricultural Products	0.10%	5
Diversified Consumer Services	0.08%	13
Leisure Products	0.08%	9
Household Durables	0.06%	10
Media & Publishing	0.04%	7
Coal & Consumable Fuels	0.03%	5

Top holdings

#	Ticker	Name	Sector	Weight
1	NVDA	NVIDIA CORP	Information Technology	6.79%
2	AAPL	Apple Inc.	Information Technology	5.98%
3	MSFT	MICROSOFT CORP	Information Technology	4.19%
4	AMZN	AMAZON COM INC	Consumer Discretionary	3.21%
5	GOOGL	Alphabet Inc.	Communication Services	2.68%
6	GOOG	Alphabet Inc.	Communication Services	2.24%
7	AVGO	Broadcom Inc.	Information Technology	2.23%
8	META	Meta Platforms, Inc.	Communication Services	2.00%
9	TSLA	Tesla, Inc.	Consumer Discretionary	1.68%
10	JPM	JPMORGAN CHASE & CO	Financials	1.28%

2020/2051 names classified · sector 99.7% of weight · industry 98.7% · mkt cap 99.6%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 51 quarters

Information TechnologyAAPL, MSFT, NVDA, AVGO, GE · other

FinancialsBRK.B, JPM, V, UNH, WFC · other

Consumer DiscretionaryAMZN, TSLA, HD, WMT, COST · other

IndustrialsACN, BA, UPS, MMM, CAT · other

Health CareJNJ, PFE, MRK, LLY, ABBV · other

Communication ServicesMETA, GOOGL, GOOG, T, NFLX · other

MaterialsPG, NKE, CL, LIN, KMB · other

Consumer StaplesKO, PEP, PM, MO, CVS · other

EnergyXOM, CVX, COP, SLB, OXY · other

UtilitiesNEE, DUK, SO, D, AEP · other

Real EstateAMT, PLD, SPG, PSA, CCI · other

UnclassifiedSIZE, MTUM, VLUE, QUAL, GOOGLE INC · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 99.7% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (1568 classified)ARIZONA STATE RETIREMENT SYSTEM centroid (Large Core)

Information TechnologyConsumer DiscretionaryFinancialsIndustrialsCommunication ServicesHealth CareMaterialsEnergyUtilitiesConsumer StaplesReal Estate

Style box summary for ARIZONA STATE RETIREMENT SYSTEM: centroid Large Core. Heaviest cells: Large Growth 37.2%, Large Core 22.0%, Large Value 12.9%.

Classified: 95.2% of book weight (1568/2031 names) · unclassified 4.8%: BRK.B, CRWD, SNDK, NET, KKR, ABNB, MNST, , SNOW, COHR +453 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 2,051 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	NVDANVIDIA CORPORATION	6,657,774	$1.2B	6.8%	TRIM −4%
2	AAPLAPPLE INC	4,026,974	$1.0B	6.0%	TRIM −4%
3	MSFTMICROSOFT CORP	1,934,523	$716M	4.2%	TRIM −3%
4	AMZNAMAZON COM INC	2,636,038	$549M	3.2%	TRIM −3%
5	GOOGLALPHABET INC	1,594,517	$459M	2.7%	TRIM −3%
6	GOOGALPHABET INC	1,333,281	$382M	2.2%	TRIM −3%
7	AVGOBROADCOM INC	1,234,074	$382M	2.2%	TRIM −2%
8	METAMETA PLATFORMS INC	596,801	$341M	2.0%	TRIM −3%
9	TSLATESLA INC	774,533	$288M	1.7%	TRIM −3%
10	JPMJPMORGAN CHASE & CO	745,877	$219M	1.3%	TRIM −3%
11	LLYELI LILLY & CO	220,180	$203M	1.2%	TRIM −4%
12	XOMEXXON MOBIL CORP	1,155,274	$196M	1.1%	TRIM −4%
13	BRK.BBERKSHIRE HATHAWAY INC DEL	376,936	$181M	1.1%	TRIM −3%
14	JNJJOHNSON & JOHNSON	660,131	$161M	0.9%	TRIM −3%
15	WMTWALMART INC	1,201,027	$149M	0.9%	TRIM −2%
16	VVISA INC	461,887	$140M	0.8%	TRIM −5%
17	COSTCOSTCO WHSL CORP NEW	121,612	$121M	0.7%	TRIM −4%
18	MAMASTERCARD INCORPORATED	232,088	$116M	0.7%	TRIM −5%
19	NFLXNETFLIX INC	1,160,952	$112M	0.7%	TRIM −2%
20	CVXCHEVRON CORP NEW	524,172	$108M	0.6%	TRIM −5%
21	ABBVABBVIE INC	484,297	$105M	0.6%	TRIM −2%
22	MUMICRON TECHNOLOGY INC	308,369	$104M	0.6%	TRIM −3%
23	PGPROCTER AND GAMBLE CO	640,302	$92M	0.5%	TRIM −4%
24	PLTRPALANTIR TECHNOLOGIES INC	625,867	$92M	0.5%	TRIM −2%
25	BACBANK AMERICA CORP	1,877,644	$92M	0.5%	TRIM −5%
26	CATCATERPILLAR INC	128,252	$91M	0.5%	TRIM −3%
27	AMDADVANCED MICRO DEVICES INC	446,054	$91M	0.5%	TRIM −3%
28	HDHOME DEPOT INC	272,752	$90M	0.5%	TRIM −4%
29	KOCOCA COLA CO	1,119,915	$85M	0.5%	TRIM −4%
30	CSCOCISCO SYS INC	1,082,530	$84M	0.5%	TRIM −4%
31	GEGE AEROSPACE	289,052	$82M	0.5%	TRIM −3%
32	MRKMERCK & CO INC	679,746	$82M	0.5%	TRIM −3%
33	AMATAPPLIED MATLS INC	217,253	$74M	0.4%	TRIM −4%
34	LRCXLAM RESEARCH CORP	344,131	$74M	0.4%	TRIM −4%
35	RTXRTX CORPORATION	367,440	$71M	0.4%	TRIM −3%
36	PMPHILIP MORRIS INTL INC	426,514	$71M	0.4%	TRIM −3%
37	GSGOLDMAN SACHS GROUP INC	82,193	$70M	0.4%	TRIM −3%
38	ORCLORACLE CORP	472,406	$69M	0.4%	HOLD
39	WFCWELLS FARGO CO NEW	860,055	$68M	0.4%	TRIM −5%
40	UNHUNITEDHEALTH GROUP INC	248,183	$67M	0.4%	TRIM −3%
41	GEVGE VERNOVA INC	74,363	$65M	0.4%	TRIM −3%
42	LINLINDE PLC	127,936	$63M	0.4%	TRIM −4%
43	IBMINTERNATIONAL BUSINESS MACHS	256,101	$62M	0.4%	TRIM −3%
44	MCDMCDONALDS CORP	195,117	$61M	0.4%	TRIM −3%
45	PEPPEPSICO INC	374,627	$58M	0.3%	TRIM −2%
46	VZVERIZON COMMUNICATIONS INC	1,155,226	$58M	0.3%	TRIM −3%
47	TAT&T INC	1,943,801	$56M	0.3%	TRIM −5%
48	CCITIGROUP INC	490,144	$56M	0.3%	TRIM −6%
49	INTCINTEL CORP	1,238,224	$55M	0.3%	TRIM −3%
50	MSMORGAN STANLEY	325,286	$54M	0.3%	TRIM −3%
51	KLACKLA CORP	36,000	$53M	0.3%	TRIM −2%
52	NEENEXTERA ENERGY INC	564,210	$52M	0.3%	TRIM −4%
53	AMGNAMGEN INC	147,534	$52M	0.3%	TRIM −3%
54	TMOTHERMO FISHER SCIENTIFIC INC	102,966	$51M	0.3%	TRIM −4%
55	ABTABBOTT LABS	476,502	$49M	0.3%	TRIM −4%
56	TJXTJX COS INC NEW	304,286	$49M	0.3%	TRIM −5%
57	TXNTEXAS INSTRS INC	248,946	$48M	0.3%	TRIM −3%
58	CRMSALESFORCE INC	256,722	$48M	0.3%	TRIM −4%
59	GILDGILEAD SCIENCES INC	339,924	$47M	0.3%	TRIM −3%
60	DISDISNEY WALT CO	489,092	$47M	0.3%	TRIM −4%
61	AXPAMERICAN EXPRESS CO	151,001	$46M	0.3%	TRIM −3%
62	ISRGINTUITIVE SURGICAL INC	97,126	$45M	0.3%	TRIM −5%
63	COPCONOCOPHILLIPS	338,504	$45M	0.3%	TRIM −4%
64	PFEPFIZER INC	1,557,209	$44M	0.3%	TRIM −3%
65	SCHWSCHWAB CHARLES CORP	462,555	$43M	0.3%	TRIM −6%
66	BABOEING CO	214,585	$43M	0.2%	TRIM −2%
67	ADIANALOG DEVICES INC	134,157	$43M	0.2%	TRIM −3%
68	APHAMPHENOL CORP	335,550	$42M	0.2%	TRIM −3%
69	DEDEERE & CO	70,392	$40M	0.2%	TRIM −3%
70	UNPUNION PAC CORP	162,497	$39M	0.2%	TRIM −4%
71	HONHONEYWELL INTL INC	173,947	$39M	0.2%	TRIM −4%
72	UBERUBER TECHNOLOGIES INC	540,753	$39M	0.2%	TRIM −4%
73	BLKBLACKROCK INC	40,383	$39M	0.2%	TRIM −3%
74	ETNEATON CORP PLC	106,417	$38M	0.2%	TRIM −3%
75	QCOMQUALCOMM INC	291,250	$38M	0.2%	TRIM −3%
76	BKNGBOOKING HOLDINGS INC	8,832	$37M	0.2%	TRIM −3%
77	WELLWELLTOWER INC	187,978	$37M	0.2%	TRIM −3%
78	LOWLOWES COS INC	153,714	$36M	0.2%	TRIM −3%
79	SPGIS&P GLOBAL INC	84,943	$36M	0.2%	TRIM −4%
80	ANETARISTA NETWORKS INC	293,381	$36M	0.2%	TRIM −3%
81	PANWPALO ALTO NETWORKS INC	221,398	$35M	0.2%	ADD 16%
82	LMTLOCKHEED MARTIN CORP	57,070	$34M	0.2%	TRIM −4%
83	BMYBRISTOL-MYERS SQUIBB CO	557,851	$34M	0.2%	TRIM −3%
84	PLDPROLOGIS INC.	254,546	$34M	0.2%	TRIM −3%
85	ACNACCENTURE PLC IRELAND	168,649	$33M	0.2%	TRIM −4%
86	CBCHUBB LIMITED	102,432	$33M	0.2%	TRIM −4%
87	DHRDANAHER CORP DEL	174,217	$33M	0.2%	TRIM −4%
88	INTUINTUIT	76,242	$33M	0.2%	TRIM −3%
89	NEMNEWMONT CORP	298,987	$32M	0.2%	TRIM −3%
90	PGRPROGRESSIVE CORP	160,616	$32M	0.2%	TRIM −2%
91	COFCAPITAL ONE FINL CORP	174,189	$32M	0.2%	TRIM −4%
92	VRTXVERTEX PHARMACEUTICALS INC	69,515	$31M	0.2%	TRIM −4%
93	SYKSTRYKER CORPORATION	94,311	$31M	0.2%	TRIM −4%
94	PHPARKER-HANNIFIN CORP	34,585	$31M	0.2%	TRIM −4%
95	MDTMEDTRONIC PLC	351,358	$30M	0.2%	TRIM −3%
96	MOALTRIA GROUP INC	459,992	$30M	0.2%	TRIM −3%
97	GLWCORNING INC	223,156	$30M	0.2%	TRIM −3%
98	NOWSERVICENOW INC	284,205	$30M	0.2%	TRIM −3%
99	MCKMCKESSON CORP	33,831	$29M	0.2%	TRIM −4%
100	CMECME GROUP INC	98,797	$29M	0.2%	TRIM −2%
101	SOSOUTHERN CO	301,746	$29M	0.2%	TRIM −3%
102	TMUST-MOBILE US INC	137,904	$29M	0.2%	TRIM −3%
103	CMCSACOMCAST CORP NEW	995,776	$29M	0.2%	TRIM −4%
104	SBUXSTARBUCKS CORP	311,545	$28M	0.2%	TRIM −3%
105	DUKDUKE ENERGY CORP NEW	213,065	$28M	0.2%	TRIM −3%
106	ADBEADOBE INC	114,689	$28M	0.2%	TRIM −3%
107	CRWDCROWDSTRIKE HLDGS INC	69,070	$27M	0.2%	TRIM −2%
108	EQIXEQUINIX INC	26,901	$26M	0.2%	TRIM −2%
109	BSXBOSTON SCIENTIFIC CORP	406,216	$25M	0.1%	TRIM −3%
110	WMWASTE MGMT INC DEL	110,406	$25M	0.1%	TRIM −3%
111	NOCNORTHROP GRUMMAN CORP	37,149	$25M	0.1%	TRIM −3%
112	WDCWESTERN DIGITAL CORP	93,674	$25M	0.1%	TRIM −2%
113	TTTRANE TECHNOLOGIES PLC	60,780	$25M	0.1%	TRIM −3%
114	APPAPPLOVIN CORP	63,207	$25M	0.1%	TRIM −3%
115	CVSCVS HEALTH CORP	347,757	$25M	0.1%	TRIM −2%
116	VRTVERTIV HOLDINGS CO	98,753	$25M	0.1%	HOLD
117	ICEINTERCONTINENTAL EXCHANGE IN	156,248	$25M	0.1%	TRIM −3%
118	WMBWILLIAMS COS INC	334,592	$24M	0.1%	TRIM −3%
119	SNDKSANDISK CORP	38,242	$24M	0.1%	HOLD
120	HWMHOWMET AEROSPACE INC	104,642	$24M	0.1%	TRIM −4%
121	CEGCONSTELLATION ENERGY CORP	84,388	$24M	0.1%	TRIM −4%
122	MRSHMARSH & MCLENNAN COS INC	134,242	$23M	0.1%	TRIM −3%
123	BXBLACKSTONE INC	202,374	$23M	0.1%	HOLD
124	STXSEAGATE TECHNOLOGY HLDNGS PL	59,200	$23M	0.1%	HOLD
125	FCXFREEPORT MCMORAN INC	393,362	$23M	0.1%	TRIM −2%
126	MRVLMARVELL TECHNOLOGY INC	232,365	$23M	0.1%	TRIM −5%
127	ADPAUTOMATIC DATA PROCESSING IN	110,811	$23M	0.1%	TRIM −3%
128	BNYBANK NEW YORK MELLON CORP	188,581	$22M	0.1%	TRIM −5%
129	PWRQUANTA SVCS INC	40,528	$22M	0.1%	HOLD
130	PNCPNC FINL SVCS GROUP INC	106,873	$22M	0.1%	TRIM −3%
131	USBUS BANCORP	425,887	$22M	0.1%	TRIM −2%
132	AMTAMERICAN TOWER CORP	128,319	$22M	0.1%	TRIM −3%
133	JCIJOHNSON CONTROLS INTERNATION	167,684	$22M	0.1%	TRIM −8%
134	REGNREGENERON PHARMACEUTICALS	28,298	$22M	0.1%	TRIM −3%
135	FDXFEDEX CORP	61,203	$22M	0.1%	TRIM −3%
136	MELIMERCADOLIBRE INC	12,501	$22M	0.1%	TRIM −3%
137	GDGENERAL DYNAMICS CORP	62,950	$22M	0.1%	TRIM −3%
138	EOGEOG RES INC	148,528	$21M	0.1%	TRIM −4%
139	ORLYOREILLY AUTOMOTIVE INC	231,270	$21M	0.1%	TRIM −4%
140	MMM3M CO	145,581	$21M	0.1%	TRIM −3%
141	SLBSCHLUMBERGER LTD	409,308	$21M	0.1%	TRIM −2%
142	CSXCSX CORP	510,192	$21M	0.1%	TRIM −3%
143	SNPSSYNOPSYS INC	52,417	$21M	0.1%	HOLD
144	CDNSCADENCE DESIGN SYSTEM INC	74,578	$21M	0.1%	TRIM −3%
145	HCAHCA HEALTHCARE INC	43,773	$21M	0.1%	TRIM −5%
146	SHWSHERWIN WILLIAMS CO	64,536	$21M	0.1%	TRIM −4%
147	VLOVALERO ENERGY CORP	83,568	$21M	0.1%	TRIM −4%
148	MARMARRIOTT INTL INC NEW	62,496	$20M	0.1%	TRIM −4%
149	MDLZMONDELEZ INTL INC	353,535	$20M	0.1%	TRIM −3%
150	CMICUMMINS INC	37,845	$20M	0.1%	TRIM −3%
151	EMREMERSON ELEC CO	153,943	$20M	0.1%	TRIM −3%
152	PSXPHILLIPS 66	110,422	$20M	0.1%	TRIM −3%
153	MPCMARATHON PETE CORP	82,368	$20M	0.1%	TRIM −4%
154	UPSUNITED PARCEL SERVICE INC	202,505	$20M	0.1%	TRIM −2%
155	MSIMOTOROLA SOLUTIONS INC	45,628	$20M	0.1%	TRIM −4%
156	ITWILLINOIS TOOL WKS INC	75,511	$20M	0.1%	TRIM −3%
157	RCLROYAL CARIBBEAN GROUP	70,973	$20M	0.1%	TRIM −2%
158	CITHE CIGNA GROUP	73,175	$20M	0.1%	TRIM −3%
159	HLTHILTON WORLDWIDE HLDGS INC	63,694	$19M	0.1%	TRIM −4%
160	CRHCRH PLC	183,718	$19M	0.1%	TRIM −3%
161	ROSTROSS STORES INC	88,619	$19M	0.1%	TRIM −3%
162	MCOMOODYS CORP	43,989	$19M	0.1%	TRIM −3%
163	AEPAMERICAN ELEC PWR CO INC	146,332	$19M	0.1%	TRIM −3%
164	GMGENERAL MTRS CO	255,620	$19M	0.1%	TRIM −4%
165	ECLECOLAB INC	69,857	$19M	0.1%	TRIM −3%
166	KMIKINDER MORGAN INC DEL	548,756	$18M	0.1%	TRIM −3%
167	AONAON PLC	55,957	$18M	0.1%	TRIM −3%
168	TDGTRANSDIGM GROUP INC	15,435	$18M	0.1%	TRIM −3%
169	CLCOLGATE PALMOLIVE CO	209,848	$18M	0.1%	TRIM −3%
170	NETCLOUDFLARE INC	86,602	$18M	0.1%	HOLD
171	ELVELEVANCE HEALTH INC FORMERLY	60,894	$18M	0.1%	TRIM −4%
172	TRVTRAVELERS COMPANIES INC	61,116	$18M	0.1%	TRIM −4%
173	APDAIR PRODS & CHEMS INC	60,966	$18M	0.1%	TRIM −3%
174	LHXL3HARRIS TECHNOLOGIES INC	51,263	$18M	0.1%	TRIM −3%
175	NSCNORFOLK SOUTHN CORP	61,434	$18M	0.1%	TRIM −3%
176	WBDWARNER BROS DISCOVERY INC	639,764	$18M	0.1%	HOLD
177	SRESEMPRA	178,860	$17M	0.1%	TRIM −3%
178	NKENIKE INC	326,448	$17M	0.1%	TRIM −2%
179	DLRDIGITAL RLTY TR INC	94,124	$17M	0.1%	HOLD
180	TELTE CONNECTIVITY PLC	80,600	$17M	0.1%	TRIM −3%
181	LNGCheniere Energy, Inc	58,971	$17M	0.1%	TRIM −5%
182	SPGSIMON PPTY GROUP INC NEW	89,422	$17M	0.1%	TRIM −3%
183	CTASCINTAS CORP	98,607	$17M	0.1%	TRIM −3%
184	PCARPACCAR INC	143,896	$17M	0.1%	TRIM −3%
185	BKRBAKER HUGHES COMPANY	268,129	$16M	0.1%	HOLD
186	TFCTRUIST FINL CORP	350,560	$16M	0.1%	TRIM −3%
187	DASHDOORDASH INC	105,762	$16M	0.1%	HOLD
188	CORCENCORA INC	50,509	$16M	0.1%	TRIM −3%
189	KKRKKR & CO INC	170,968	$16M	0.1%	TRIM −2%
190	OKEONEOK INC NEW	172,398	$16M	0.1%	TRIM −3%
191	CTVACORTEVA INC	185,186	$16M	0.1%	TRIM −3%
192	OREALTY INCOME CORP	252,075	$15M	0.1%	TRIM −2%
193	AZOAUTOZONE INC	4,543	$15M	0.1%	TRIM −4%
194	AJGGALLAGHER ARTHUR J & CO	70,371	$15M	0.1%	TRIM −3%
195	TGTTARGET CORP	124,051	$15M	0.1%	TRIM −2%
196	AFLAFLAC INC	136,478	$15M	0.1%	TRIM −5%
197	ABNBAIRBNB INC	117,911	$15M	0.1%	TRIM −3%
198	ALLALLSTATE CORP	71,724	$15M	0.1%	TRIM −3%
199	CIENCIENA CORP	38,284	$15M	0.1%	HOLD
200	TRGPTARGA RES CORP	58,330	$15M	0.1%	HOLD

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

NVDANVIDIA CORPORATION

7.6M

7.2M

7.1M

6.9M

6.7M

$1.2B

AAPLAPPLE INC

4.4M

4.2M

4.0M

$1.0B

MSFTMICROSOFT CORP

2.1M

2.0M

1.9M

$716M

AMZNAMAZON COM INC

2.7M

2.8M

2.7M

2.6M

$549M

GOOGLALPHABET INC

1.7M

1.6M

$459M

GOOGALPHABET INC

1.5M

1.4M

1.3M

$382M

AVGOBROADCOM INC

1.3M

1.2M

$382M

METAMETA PLATFORMS INC

636K

644K

640K

634K

615K

597K

$341M

TSLATESLA INC

837K

848K

846K

847K

795K

775K

$288M

JPMJPMORGAN CHASE & CO

828K

820K

817K

811K

769K

746K

$219M

LLYELI LILLY & CO

235K

240K

236K

235K

229K

220K

$203M

XOMEXXON MOBIL CORP

1.3M

1.2M

$196M

BRK.BBERKSHIRE HATHAWAY INC DEL

385K

391K

392K

396K

389K

377K

$181M

JNJJOHNSON & JOHNSON

699K

707K

705K

703K

679K

660K

$161M

WMTWALMART INC

1.3M

1.2M

$149M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆ARIZONA STATE RETIREMENT SYSTEM

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 2,051 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

ARIZONA STATE RETIREMENT SYSTEM