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Arizona State Retirement System Portfolio Analytics

Investment Analysis & Holdings Breakdown

Comprehensive portfolio analytics for Arizona State Retirement System with $18.8B in long positions as of Q3 2025, 34% allocated to Technology, and 34% concentrated in top 10 positions.

Portfolio Value
$18.8B
Top 10 Concentration
34%
Top Sector
Technology (34%)
US Exposure
97%
Market Cap Focus
Mega Cap
Countries
23

Composition Analysis

Portfolio breakdown by sector, industry, and market capitalization

Sector Allocation

Technology: 34.00%TechnologyFinancial Services: 12.80%Financial ServicesConsumer Cyclical: 10.70%Consumer CyclicalCommunication Services: 9.40%Communication ServicesHealthcare: 9.20%HealthcareIndustrials: 8.70%IndustrialsConsumer Defensive: 4.70%Energy: 3.10%Utilities: 2.60%Real Estate: 2.40%Basic Materials: 1.90%
Technology
34.00%
Financial Services
12.80%
Consumer Cyclical
10.70%
Communication Services
9.40%
Healthcare
9.20%
Industrials
8.70%
Consumer Defensive
4.70%
Energy
3.10%
Utilities
2.60%
Real Estate
2.40%
Basic Materials
1.90%

Industry Breakdown

137 industries across all sectors

Semiconductors: 12.43%SemiconductorsSoftware - Infrastructure: 8.84%Software - InfrastructureInternet Content & Information: 6.85%Consumer Electronics: 5.92%Specialty Retail: 4.19%Drug Manufacturers - General: 3.47%Software - Application: 3.04%Banks - Diversified: 2.67%Financial - Credit Services: 2.44%Auto - Manufacturers: 2.19%Aerospace & Defense: 2.12%Regulated Electric: 1.61%Industrial - Machinery: 1.57%Discount Stores: 1.51%Entertainment: 1.41%Insurance - Diversified: 1.32%Medical - Devices: 1.30%Financial - Capital Markets: 1.27%Oil & Gas Integrated: 1.24%Banks - Regional: 1.17%Information Technology Services: 1.16%Asset Management: 1.13%Telecommunications Services: 1.08%Chemicals - Specialty: 0.98%Medical - Diagnostics & Research: 0.98%Medical - Healthcare Plans: 0.97%Biotechnology: 0.91%Household & Personal Products: 0.90%Hardware, Equipment & Parts: 0.89%Beverages - Non-Alcoholic: 0.88%Home Improvement: 0.86%Financial - Data & Stock Exchanges: 0.86%Insurance - Property & Casualty: 0.83%Communication Equipment: 0.78%103 more: 19.83%103 more
Semiconductors
Technology
12.43%
Software - Infrastructure
Technology
8.84%
Internet Content & Information
Communication Services
6.85%
Consumer Electronics
Technology
5.92%
Specialty Retail
Consumer Cyclical
4.19%
Drug Manufacturers - General
Healthcare
3.47%
Software - Application
Technology
3.04%
Banks - Diversified
Financial Services
2.67%
Financial - Credit Services
Financial Services
2.44%
Auto - Manufacturers
Consumer Cyclical
2.19%
Aerospace & Defense
Industrials
2.12%
Regulated Electric
Utilities
1.61%

Filter by Sector

Select a sector to filter industries

Market Cap Distribution

Mega Cap (> $200B): 53.92%Mega Cap (> $200B)Large Cap ($10B - $200B): 39.32%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 5.51%Small Cap ($300M - $2B): 0.89%Nano Cap (< $50M): 0.36%N/A (ETF or Unknown): 0.01%
Mega Cap (> $200B)
53.92%
Large Cap ($10B - $200B)
39.32%
Mid Cap ($2B - $10B)
5.51%
Small Cap ($300M - $2B)
0.89%
Nano Cap (< $50M)
0.36%
N/A (ETF or Unknown)
0.01%

Portfolio Concentration

Top 10 Holdings %
34.15%
Top 20 Holdings %
42.17%
Top 50 Holdings %
54.36%
Top 100 Holdings %
65.72%

Geographic Exposure

Portfolio breakdown by country of incorporation

Domestic (US)
96.83%
International
3.17%
Countries
23
Largest Int'l Market
Ireland - 1.43%
United States of America
96.83% ($18.2B)
1,979 holdings
Ireland
1.43% ($268.4M)
19 holdings
United Kingdom
0.61% ($114.0M)
16 holdings
Switzerland
0.38% ($70.7M)
7 holdings
Bermuda
0.17% ($31.8M)
15 holdings
Uruguay
0.17% ($31.1M)
1 holdings
Canada
0.16% ($30.3M)
22 holdings
Netherlands
0.10% ($19.4M)
5 holdings
Australia
0.04% ($7.8M)
1 holdings
Singapore
0.04% ($7.3M)
3 holdings
Cayman Islands
0.02% ($4.3M)
2 holdings
Sweden
0.01% ($2.7M)
1 holdings

Holding Behavior

Investment patterns and position management analysis

Portfolio Stability & Commitment

Avg. Top 10
38 quarters
Avg. Top 20
37 quarters
Avg. All Positions
25.8 quarters
Median Holding Period
22 quarters
Persistence Rate
91.55%
Persistent Holdings Weight
99.3%
Persistent Positions
1,907
Longest Held
Arch Capital Group Ltd logo
Arch Capital Group LtdACGL - 40 quarters

Position Sizing & Influence

Current Quarter

Avg. New Position
0.002%
Avg. Position Weight
0.05%
Largest Position
Nvidia Corp logo
Nvidia CorpNVDA - 7.08%
Largest Ownership Stake
JBG SMITH Properties Common Shares logo
JBG SMITH Properties Common SharesJBGS - 0.04%
Avg. Ownership Stake
0.03%
Ownership Stake >5%
0
Ownership Stake >1%
0

Historical (Since Q1 2013)

Avg. New Position
0.05%
Avg. Ownership Stake
0.03%
Largest Position
Faraday Future Intelligent Electric Inc. Common Stock logo
Faraday Future Intelligent Electric Inc. Common StockFFIE - 10.19% (Q4 2021)
Largest Ownership Stake
Nabors Industries Ltd. logo
Nabors Industries Ltd.NBR - 6.22% (Q2 2019)

Portfolio Turnover

Current Quarter

Turnover Ratio
0.7%
Value Traded
$129.79M
Positions Added
42
Positions Exited
53

Historical (Since Q1 2013)

Avg. Turnover Ratio
4.7%
Avg. Positions Added
73
Avg. Positions Exited
44
Highest Turnover
50.0%
Q1 2013
Lowest Turnover
0.7%
Q1 2022

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