Arizona State Retirement System
The Arizona State Retirement System (ASRS) is a state agency headquartered in Phoenix, Arizona, that administers pension, disability, and health insurance plans for Arizona public workers. Founded in 1953, ASRS serves over half a million current and former public employees, including state employees, university staff, teachers, county and city workers, and employees of numerous local government subdivisions. With approximately $52 billion in assets under management, it is among the nation's largest pension funds. The organization serves retirees and employees from schools, municipalities, state agencies, and other public sector entities across Arizona.
Investment Strategy
ASRS employs a diversified investment strategy, allocating its assets across public equity (44%), private equity (10%), credit (23%), real estate (17%), and interest rate sensitive holdings (6%) as of June 30, 2024. Its philosophy emphasizes prudent, long-term growth and capital preservation for public servants’ retirement security, balancing risk by diversifying substantially across asset classes and within both traditional and alternative investments. The system commits significant capital to both liquid and illiquid markets, adjusting allocations strategically to respond to economic conditions and long-term funding requirements.
Top Holdings
Equity Positions (2,027)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 6.49% | $1.13B | 7,133,813 | $23.75 | $157.99 | +$344.4M |
M MSFT | MICROSOFT CORP | 5.92% | $1.03B | 2,064,010 | $134.45 | $497.41 | +$246.5M |
A AAPL | APPLE INC | 5.19% | $901.0M | 4,391,595 | $75.42 | $205.17 | -$81.6M |
A AMZN | AMAZON COM INC | 3.53% | $612.4M | 2,791,362 | $93.33 | $219.39 | +$81.8M |
M META | META PLATFORMS INC | 2.72% | $472.4M | 640,043 | $175.96 | $738.09 | +$101.5M |