NEW YORK STATE COMMON RETIREMENT FUND recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
The New York State Common Retirement Fund is a privately owned pension fund that was founded in 1983. It is currently the third largest pension fund in the United States with over $175 billion in audited net assets held. The fund has over one million members, retirees, and beneficiaries with over 3000 government employers. In 2014, almost $10 billion was paid out in benefits to retirees. The majority of funds are invested in domestic equities, making up over a third of its total funds. The rest are split into core fixed income, which makes up almost a quarter of total investments, non-U.S. equities, private equity, and real estate, among others, in order of decreasing fund allocation. The New York State Common Retirement Fund, also known as the New York State and Local Retirement System (NYSLRS), utilizes two different systems, although they are controlled and managed by the same staff members: the Employees’ Retirement System (ERS) and the Police and Fire Retirement System (PFRS). The former provides services and disability retirement benefits (including death benefits) to participating employees in public non-teaching positions exclusively in New York City. The latter provides the same services and benefits to police officers and firefighters under public employers in New York City. The ERS is the larger of the two systems with over 600 thousand members while the PFRS is the smaller of the two and has roughly over a third of a hundred thousand members. The rest of the members are made out of pensioners and beneficiaries. The administrative head of the fund is the New York State Comptroller, Thomas DiNapoli, who acts as the sole trustee of the Common Retirement fund, overseeing 346 benefit programs offered by the NYSLRS. Since taking officer, DiNapoli has made “high investment returns a priority and established greater transparency and accountability.”
As of the latest 13F report, the guru’s equity portfolio contained 3347 stocks valued at a total of $93.46Bil. The top holdings were AAPL(5.56%), MSFT(5.18%), and AMZN(3.28%).
According to GuruFocus data, these were NEW YORK STATE COMMON RETIREMENT FUND’s top five trades of the quarter.
IHS Markit Ltd
The guru sold out of their 881,448-share investment in NYSE:INFO. Previously, the stock had a 0.12% weight in the equity portfolio. Shares traded for an average price of $116.4 during the quarter.
On 07/01/2022, IHS Markit Ltd traded for a price of $108.61 per share and a market cap of $43.34Bil. The stock has returned 21.07% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, IHS Markit Ltd has a price-earnings ratio of 36.20, a price-book ratio of 4.57, a price-earnings-to-growth (PEG) ratio of 1.59, a EV-to-Ebitda ratio of 22.35 and a price-sales ratio of 9.36.
Advanced Micro Devices Inc
During the quarter, NEW YORK STATE COMMON RETIREMENT FUND bought 804,359 shares of NAS:AMD for a total holding of 3,509,293. The trade had a 0.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $119.38.
On 07/01/2022, Advanced Micro Devices Inc traded for a price of $73.67 per share and a market cap of $119.38Bil. The stock has returned -18.59% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Advanced Micro Devices Inc has a price-earnings ratio of 27.39, a price-book ratio of 2.16, a EV-to-Ebitda ratio of 23.26 and a price-sales ratio of 4.98.
The price-to-GF Value ratio is 0.50, earning the stock a GF Value rank of 8.
S&P Global Inc
During the quarter, NEW YORK STATE COMMON RETIREMENT FUND bought 212,633 shares of NYSE:SPGI for a total holding of 720,358. The trade had a 0.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $407.29.
On 07/01/2022, S&P Global Inc traded for a price of $343.33 per share and a market cap of $116.70Bil. The stock has returned -17.11% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, S&P Global Inc has a price-earnings ratio of 24.78, a price-book ratio of 2.94, a price-earnings-to-growth (PEG) ratio of 3.14, a EV-to-Ebitda ratio of 23.09 and a price-sales ratio of 9.91.
The price-to-GF Value ratio is 0.80, earning the stock a GF Value rank of 9.
Datadog Inc
NEW YORK STATE COMMON RETIREMENT FUND reduced their investment in NAS:DDOG by 396,207 shares. The trade had a 0.07% impact on the equity portfolio. During the quarter, the stock traded for an average price of $146.28.
On 07/01/2022, Datadog Inc traded for a price of $101.05 per share and a market cap of $31.83Bil. The stock has returned -8.49% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 2 out of 10.
In terms of valuation, Datadog Inc has a price-earnings ratio of 9999.00, a price-book ratio of 27.58, a EV-to-Ebitda ratio of 579.60 and a price-sales ratio of 26.24.
The price-to-GF Value ratio is 0.59, earning the stock a GF Value rank of 8.
Meta Platforms Inc
NEW YORK STATE COMMON RETIREMENT FUND reduced their investment in NAS:META by 215,276 shares. The trade had a 0.07% impact on the equity portfolio. During the quarter, the stock traded for an average price of $249.93.
On 07/01/2022, Meta Platforms Inc traded for a price of $160.03 per share and a market cap of $433.09Bil. The stock has returned -53.63% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Meta Platforms Inc has a price-earnings ratio of 12.57, a price-book ratio of 3.66, a price-earnings-to-growth (PEG) ratio of 0.47, a EV-to-Ebitda ratio of 8.07 and a price-sales ratio of 3.92.
The price-to-GF Value ratio is 0.40, earning the stock a GF Value rank of 4.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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