Q2 2026 13F · SEC CIK 1558481

Arizona State Retirement System

Pension fundFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $19.9B
Reported positions: 2,071
Top holdings a year, 3 yrs: +25.0%
Average holding period: 9.8 yrs

Arizona State Retirement System is a pension fund that reported 2,071 positions worth $19.9B in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were Nvidia Corporation (NVDA, 6.4%), Apple Inc (AAPL, 5.9%), Microsoft Corp (MSFT, 3.7%). A portfolio copying its top holdings returned 25.0% a year over the last 3 years, against 20.4% for the S&P 500.

Arizona State Retirement System holdings largest 50 of 2,071 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Arizona State Retirement System 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	6.4%	6.8%	6,405,642	-3.8%	$1.3B
AAPLApple Inc	5.9%	6.0%	4,073,733	+1.2%	$1.2B
MSFTMicrosoft Corp	3.7%	4.2%	1,957,446	+1.2%	$730.2M
AMZNAmazon Com Inc	3.2%	3.2%	2,685,688	+1.9%	$640.1M
GOOGLAlphabet Inc	2.9%	2.7%	1,615,493	+1.3%	$577.3M
AVGOBroadcom Inc	2.4%	2.2%	1,248,090	+1.1%	$471.5M
GOOGAlphabet Inc	2.3%	2.2%	1,282,599	-3.8%	$453.2M
MUMicron Technology Inc	1.8%	0.6%	312,924	+1.5%	$361.2M
METAMeta Platforms Inc	1.7%	2.0%	609,361	+2.1%	$343.2M
TSLATesla Inc	1.7%	1.7%	780,920	+0.8%	$328.5M
LLYEli Lilly & Co	1.3%	1.2%	222,844	+1.2%	$267.3M
AMDAdvanced Micro Devices Inc	1.3%	0.5%	452,388	+1.4%	$262.8M
JPMJpmorgan Chase & Co	1.2%	1.3%	744,264	-0.2%	$243.6M
BRK-BBerkshire Hathaway Inc Del	1.0%	1.1%	385,899	+2.4%	$193.1M
INTCIntel Corp	0.9%	0.3%	1,219,079	-1.5%	$170.2M
JNJJohnson & Johnson	0.9%	0.9%	668,344	+1.2%	$169.7M
VVisa Inc	0.8%	0.8%	466,471	+1.0%	$160.0M
AMATApplied Matls Inc	0.8%	0.4%	220,211	+1.4%	$159.2M
XOMExxon Mobil Corp	0.8%	1.1%	1,153,365	-0.2%	$157.7M
LRCXLam Research Corp	0.8%	0.4%	346,510	+0.7%	$150.2M
WMTWalmart Inc	0.7%	0.9%	1,216,703	+1.3%	$137.8M
CATCaterpillar Inc	0.7%	0.5%	129,108	+0.7%	$137.5M
CSCOCisco Sys Inc	0.6%	0.5%	1,096,019	+1.2%	$128.7M
ABBVAbbvie Inc	0.6%	0.6%	490,797	+1.3%	$123.5M
MAMastercard Incorporated	0.6%	0.7%	227,208	-2.1%	$116.7M
COSTCostco Wholesale Corporation	0.6%	0.7%	123,105	+1.2%	$115.2M
KLACKla Corp	0.6%	—	363,713	—	$109.7M
GEGe Aerospace	0.5%	0.5%	289,920	+0.3%	$108.4M
BACBank of Amer Corp	0.5%	0.5%	1,883,657	+0.3%	$107.3M
UNHUnitedhealth Group Inc	0.5%	0.4%	251,862	+1.5%	$104.7M
HDHome Depot Inc	0.5%	0.5%	276,374	+1.3%	$97.5M
PGProcter & Gamble Co	0.5%	0.5%	644,865	+0.7%	$94.6M
SNDKSandisk Corp	0.5%	—	39,709	—	$90.3M
MRKMerck & Co Inc	0.4%	0.5%	686,042	+0.9%	$88.2M
GEVGe Vernova Inc	0.4%	0.4%	74,789	+0.6%	$87.9M
KOCoca Cola Co	0.4%	0.5%	1,074,888	-4.0%	$87.4M
CVXChevron Corporation	0.4%	0.6%	512,155	-2.3%	$84.9M
NFLXNetflix Inc.	0.4%	0.7%	1,168,416	+0.6%	$83.4M
GSGoldman Sachs Group Inc	0.4%	0.4%	81,855	-0.4%	$82.8M
PMPhilip Morris Intl Inc	0.4%	0.4%	432,462	+1.4%	$78.2M
PANWPalo Alto Networks Inc	0.4%	—	225,037	—	$76.7M
TXNTexas Instrs Inc	0.4%	—	252,636	—	$75.3M
IBMInternational Business Machs	0.4%	0.4%	260,286	+1.6%	$73.2M
RTXRtx Corporation	0.4%	0.4%	373,482	+1.6%	$70.9M
PLTRPalantir Technologies Inc	0.4%	0.5%	604,307	-3.4%	$70.5M
MRVLMarvell Technology Inc	0.4%	—	236,579	—	$70.5M
WFCWells Fargo & Co	0.4%	0.4%	850,284	-1.1%	$70.3M
ORCLOracle Corp	0.4%	0.4%	478,829	+1.4%	$70.2M
MSMorgan Stanley	0.3%	0.3%	328,814	+1.1%	$68.7M
LINLinde PLC	0.3%	0.4%	128,583	+0.5%	$66.7M

What Arizona State Retirement System bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

No position grew by more than 5%.

Reduced

No position shrank by more than 5%.

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +16.3% /yr; S&P 500 +20.1%
3 years: +25.0% /yr; S&P 500 +20.4%
5 years: +15.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$19.9B	2,071
Q1 2026	$17.1B	2,051
Q4 2025	$18.4B	2,048
Q3 2025	$18.8B	2,081
Q2 2025	$17.4B	2,053
Q1 2025	$15.7B	2,086
Q4 2024	$16.4B	2,130
Q3 2024	$15.9B	2,151
Q2 2024	$15.0B	2,101
Q1 2024	$14.5B	2,124
Q4 2023	$13.2B	2,145
Q3 2023	$11.8B	2,170

Questions about Arizona State Retirement System's portfolio

What stocks does Arizona State Retirement System own?

Arizona State Retirement System's latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 2,071 positions worth $19.9B. The largest are Nvidia Corporation (NVDA) at 6.4%, Apple Inc (AAPL) at 5.9%, Microsoft Corp (MSFT) at 3.7%, Amazon Com Inc (AMZN) at 3.2% and Alphabet Inc (GOOGL) at 2.9%.

What did Arizona State Retirement System buy last quarter?

Arizona State Retirement System opened no new positions and grew none by more than 5% among its largest holdings in Q2 2026.

What did Arizona State Retirement System sell last quarter?

In Q2 2026, Arizona State Retirement System cut from its top 50 Mcdonalds Corp (MCD), cut from its top 50 Pepsico Inc (PEP), cut from its top 50 Verizon Communications Inc (VZ), cut from its top 50 At&t Inc (T) and cut from its top 50 Citigroup Inc (C), compared with its Q1 2026 filing.

How has Arizona State Retirement System's portfolio performed?

A portfolio copying Arizona State Retirement System's 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +16.3% against +20.1%. Over 5 years: +15.5% a year against +11.6%.

When is Arizona State Retirement System's next 13F filing due?

13F filings are due 45 days after each quarter ends. Arizona State Retirement System's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.