NEW YORK STATE COMMON RETIREMENT FUND recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
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 3232 stocks valued at a total of $72.96Bil. The top holdings were
According to GuruFocus data, these were NEW YORK STATE COMMON RETIREMENT FUND’s top five trades of the quarter.
Microsoft Corp
NEW YORK STATE COMMON RETIREMENT FUND reduced their investment in NAS:MSFT by 1,145,679 shares. The trade had a 0.38% impact on the equity portfolio. During the quarter, the stock traded for an average price of $264.05.
On 01/31/2023, Microsoft Corp traded for a price of $242.71 per share and a market cap of $1,806.69Bil. The stock has returned -20.44% 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, Microsoft Corp has a price-earnings ratio of 26.97, a price-book ratio of 9.87, a price-earnings-to-growth (PEG) ratio of 1.31, a EV-to-Ebitda ratio of 18.31 and a price-sales ratio of 8.92.
The price-to-GF Value ratio is 0.78, earning the stock a GF Value rank of 9.
Alphabet Inc
NEW YORK STATE COMMON RETIREMENT FUND reduced their investment in NAS:GOOG by 1,927,973 shares. The trade had a 0.27% impact on the equity portfolio. During the quarter, the stock traded for an average price of $111.66.
On 01/31/2023, Alphabet Inc traded for a price of $97.95 per share and a market cap of $1,258.83Bil. The stock has returned -26.54% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Alphabet Inc has a price-earnings ratio of 19.45, a price-book ratio of 4.94, a price-earnings-to-growth (PEG) ratio of 0.73, a EV-to-Ebitda ratio of 12.83 and a price-sales ratio of 4.53.
The price-to-GF Value ratio is 0.70, earning the stock a GF Value rank of 10.
Apple Inc
NEW YORK STATE COMMON RETIREMENT FUND reduced their investment in NAS:AAPL by 1,252,813 shares. The trade had a 0.22% impact on the equity portfolio. During the quarter, the stock traded for an average price of $156.95.
On 01/31/2023, Apple Inc traded for a price of $143 per share and a market cap of $2,264.58Bil. The stock has returned -15.51% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Apple Inc has a price-earnings ratio of 23.40, a price-book ratio of 44.97, a price-earnings-to-growth (PEG) ratio of 1.34, a EV-to-Ebitda ratio of 17.90 and a price-sales ratio of 5.93.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
Amazon.com Inc
NEW YORK STATE COMMON RETIREMENT FUND reduced their investment in NAS:AMZN by 1,293,204 shares. The trade had a 0.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $126.4.
On 01/31/2023, Amazon.com Inc traded for a price of $100.55 per share and a market cap of $1,025.78Bil. The stock has returned -30.20% 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, Amazon.com Inc has a price-earnings ratio of 92.25, a price-book ratio of 7.46, a price-earnings-to-growth (PEG) ratio of 2.20, a EV-to-Ebitda ratio of 21.96 and a price-sales ratio of 2.04.
The price-to-GF Value ratio is 0.52, earning the stock a GF Value rank of 4.
UnitedHealth Group Inc
NEW YORK STATE COMMON RETIREMENT FUND reduced their investment in NYSE:UNH by 241,247 shares. The trade had a 0.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $525.83.
On 01/31/2023, UnitedHealth Group Inc traded for a price of $485.79 per share and a market cap of $453.90Bil. The stock has returned 5.64% 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, UnitedHealth Group Inc has a price-earnings ratio of 22.93, a price-book ratio of 5.57, a price-earnings-to-growth (PEG) ratio of 1.74, a EV-to-Ebitda ratio of 15.19 and a price-sales ratio of 1.47.
The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 6.
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.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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