Retirement Systems of Alabama Buys Verizon Communications, Mondelez International, Schlumberger, Sells AT&T, Wal-Mart Stores, Hewlett Packard Enterprise Co

• New Purchases: LLL, INCY, UNIT, CC, CONE, DISH, COHR, LOGM, WTFC, TCBI,
• Added Positions: VZ, AAPL, MDLZ, SLB, AVGO, FB, EL, GM, HRL, KR,
• Reduced Positions: T, WMT, HPE, LQD, JNPR, DG, HPQ, HSY, RJF, CLX,
• Sold Out: SE, STJ, LLTC, ENH, MENT, FOSL, PEGA, CLC, MSTR, VSTO,

For the details of Retirement Systems of Alabama's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Retirement+Systems+of+Alabama

1. iShares MSCI Emerging Index Fund (EEM) - 15,713,006 shares, 3.42% of the total portfolio.
2. Apple Inc (AAPL) - 3,545,485 shares, 2.81% of the total portfolio. Shares added by 7.91%
3. Microsoft Corp (MSFT) - 5,295,049 shares, 1.93% of the total portfolio. Shares reduced by 3.64%
4. Amazon.com Inc (AMZN) - 288,317 shares, 1.41% of the total portfolio. Shares added by 4.42%
5. JPMorgan Chase & Co (JPM) - 2,816,983 shares, 1.37% of the total portfolio. Shares reduced by 0.67%

Retirement Systems of Alabama initiated holdings in L3 Technologies Inc. The purchase prices were between $145.71 and $170.81, with an estimated average price of $161.83. The stock is now traded at around $167.66. The impact to the portfolio due to this purchase was 0.09%. The holdings were 97,685 shares as of 2017-03-31.

Retirement Systems of Alabama initiated holdings in Incyte Corp. The purchase prices were between $102.32 and $152.66, with an estimated average price of $127.32. The stock is now traded at around $123.12. The impact to the portfolio due to this purchase was 0.06%. The holdings were 85,148 shares as of 2017-03-31.

Retirement Systems of Alabama initiated holdings in The Chemours Co. The purchase prices were between $21.22 and $38.5, with an estimated average price of $30.1. The stock is now traded at around $37.12. The impact to the portfolio due to this purchase was 0.05%. The holdings were 236,451 shares as of 2017-03-31.

Retirement Systems of Alabama initiated holdings in CyrusOne Inc. The purchase prices were between $46.37 and $51.47, with an estimated average price of $49.13. The stock is now traded at around $54.17. The impact to the portfolio due to this purchase was 0.05%. The holdings were 189,437 shares as of 2017-03-31.

Retirement Systems of Alabama initiated holdings in Uniti Group Inc. The purchase prices were between $25.32 and $29.24, with an estimated average price of $26.65. The stock is now traded at around $27.42. The impact to the portfolio due to this purchase was 0.05%. The holdings were 321,409 shares as of 2017-03-31.

Retirement Systems of Alabama initiated holdings in Coherent Inc. The purchase prices were between $136.42 and $206.01, with an estimated average price of $174.8. The stock is now traded at around $205.16. The impact to the portfolio due to this purchase was 0.04%. The holdings were 31,700 shares as of 2017-03-31.

Retirement Systems of Alabama added to the holdings in Verizon Communications Inc by 35.47%. The purchase prices were between $48.03 and $54.64, with an estimated average price of $50.17. The stock is now traded at around $47.61. The impact to the portfolio due to this purchase was 0.26%. The holdings were 3,768,615 shares as of 2017-03-31.

Retirement Systems of Alabama added to the holdings in Mondelez International Inc by 77.11%. The purchase prices were between $42.5 and $45.38, with an estimated average price of $44.31. The stock is now traded at around $44.91. The impact to the portfolio due to this purchase was 0.18%. The holdings were 1,735,842 shares as of 2017-03-31.

Retirement Systems of Alabama added to the holdings in Schlumberger Ltd by 61.30%. The purchase prices were between $76.96 and $87.48, with an estimated average price of $81.77. The stock is now traded at around $74.68. The impact to the portfolio due to this purchase was 0.17%. The holdings were 1,063,692 shares as of 2017-03-31.

Retirement Systems of Alabama added to the holdings in Broadcom Ltd by 67.08%. The purchase prices were between $174.28 and $226.45, with an estimated average price of $205.92. The stock is now traded at around $216.97. The impact to the portfolio due to this purchase was 0.16%. The holdings were 323,856 shares as of 2017-03-31.

Retirement Systems of Alabama added to the holdings in Hormel Foods Corp by 392.29%. The purchase prices were between $34.15 and $37.87, with an estimated average price of $35.67. The stock is now traded at around $34.88. The impact to the portfolio due to this purchase was 0.1%. The holdings were 648,163 shares as of 2017-03-31.

Retirement Systems of Alabama added to the holdings in General Motors Co by 54.17%. The purchase prices were between $34.26 and $38.28, with an estimated average price of $36.56. The stock is now traded at around $33.82. The impact to the portfolio due to this purchase was 0.1%. The holdings were 1,440,222 shares as of 2017-03-31.

Retirement Systems of Alabama sold out the holdings in Spectra Energy Corp. The sale prices were between $40.68 and $43.45, with an estimated average price of $41.93.

Retirement Systems of Alabama sold out the holdings in St Jude Medical Inc. The sale prices were between $80.69 and $80.82, with an estimated average price of $80.76.

Retirement Systems of Alabama sold out the holdings in Linear Technology Corp. The sale prices were between $61.98 and $65.45, with an estimated average price of $63.61.

Retirement Systems of Alabama sold out the holdings in Endurance Specialty Holdings Ltd. The sale prices were between $92.5 and $93.07, with an estimated average price of $92.78.

Retirement Systems of Alabama sold out the holdings in Fossil Group Inc. The sale prices were between $16.09 and $27.08, with an estimated average price of $21.2.

Retirement Systems of Alabama sold out the holdings in Mentor Graphics Corp. The sale prices were between $36.86 and $37.26, with an estimated average price of $37.02.