Arizona PSPRS Trust

CIK 0001565332 · Q1 2026

13F Equity AUM

$2.7B

+0.1% QoQ

Positions

-10 QoQ

AUM Rank

#1,490

Top 12%

Skill Alpha (FF)

—

Building track record (6q)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 96.0%Top 10: 100.0%Top 20: 100.0%

AGG41.7%

BND26.7%

SRLN12.5%

GQ911.5%

OMFL3.6%

MTUM3.2%

URTH0.7%

GLOB0.1%

CI&T INC0.0%

COPX0.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services99.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 10Median: 3.41%Avg: 10.00%

0–0.5%

3(0.1%)

0.5–1%

1(0.7%)

1–3%

0(0.0%)

3–5%

2(6.8%)

5%+

4(92.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 10Unique: 0vs 20 funds

0.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.2%

JPMORGAN CHASE & CO

0.2%

BANK OF AMERICA CORP /DE/

0.2%

BlackRock, Inc.

0.2%

FMR LLC

0.2%

STATE STREET CORP

0.1%

VANGUARD CAPITAL MANAGEMENT LLC

VANGUARD PORTFOLIO MANAGEMENT LLC

GEODE CAPITAL MANAGEMENT, LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New2Increased6Decreased1Exited12

New Positions

CI&T INC0.0%

+71K

COPX0.0%

+4K

Increased

SRLN12.5%

+99K(+1%)

AGG41.7%

+73K(+1%)

BND26.7%

+63K(+1%)

GLOB0.1%

+20K(+155%)

OMFL3.6%

+4K(+0%)

MTUM3.2%

+324(+0%)

Decreased

URTH0.7%

-6,611(-6%)

Exited

-23,500

-106,757

-6,800

-41,518

-89,500

-8,100

-21,700

-8,700

-46,100

-18,320

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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