NEW YORK STATE TEACHERS RETIREMENT SYSTEM recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
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 Teachers Retirement System, or NYSTRS for short, was established by the New York State Legislature in 1921. NYSTRS is currently the second largest of eight public retirement systems in the state of New York and is one of the top 10 largest public funds in the United States based on the size of its portfolios and total membership. The firm provides its services to public school teachers and administrators within the state, providing benefits for its eligible retirees. NYSTRS utilizes a defined benefit plan that provides retirement, death, and disability benefits based on age, earnings, service credit, and a membership tier that is split up into six levels based on when the members joined with the most recent tier consisting of members who joined after April in 2012. The company invests its assets with a long term perspective in mind, continuously reviewing asset allocations to make sure that they fit within the company’s appropriated level of risk. NSTRS has diversified its asset investments in various classes such as equities, fixed income, and real estate in order to control risks and follow set policy guidelines. The domestic equity portfolio is 95% passively managed by in house staff with the remaining actively managed by external managers. The International equities portfolio is entirely managed entirely, split into &5% passively and 25% actively manager. The contributions that come from employers is taken as a uniform percentage of member payroll and is the same for members at all tiers, constructed through the estimates of future salaries and projected benefit payments based on rate of return on assets, rate of salary growth, mortality rate for its active, retired, and disabled members, and the rates of retirement, disability, and withdrawal. As of 2014, the company had over 270,000 total members with the majority being female. NYSTRS had 150,000 retired members and over 5,500 total beneficiaries with total net assets available for pension benefits totaling over $108 billion.
As of the latest 13F report, the guru’s equity portfolio contained 1600 stocks valued at a total of $38.46Bil. The top holdings were
AAPL(6.43%),
MSFT(5.37%),
and
AMZN(3.07%).
According to GuruFocus data, these were NEW YORK STATE TEACHERS RETIREMENT SYSTEM’s top five trades of the quarter.
Apple Inc
NEW YORK STATE TEACHERS RETIREMENT SYSTEM reduced their investment in NAS:AAPL by 418,422 shares. The trade had a 0.14% impact on the equity portfolio. During the quarter, the stock traded for an average price of $156.95.
On 10/28/2022, Apple Inc traded for a price of $157.375 per share and a market cap of $2,699.52Bil. The stock has returned 3.25% 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 25.85,
a price-book ratio of 43.39,
a price-earnings-to-growth (PEG) ratio of 1.82,
a EV-to-Ebitda ratio of 18.29 and
a price-sales ratio of 7.14.
The price-to-GF Value ratio is 0.91, earning the stock a GF Value rank of 6.
Tesla Inc
During the quarter, NEW YORK STATE TEACHERS RETIREMENT SYSTEM bought 171,134 shares of NAS:TSLA for a total holding of 3,159,080. The trade had a 0.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $279.27.
On 10/28/2022, Tesla Inc traded for a price of $226.2348 per share and a market cap of $694.06Bil. The stock has returned -37.30% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Tesla Inc has
a price-earnings ratio of 69.56,
a price-book ratio of 17.84,
a EV-to-Ebitda ratio of 42.66 and
a price-sales ratio of 10.12.
The price-to-GF Value ratio is 0.61, earning the stock a GF Value rank of 8.
Alphabet Inc
NEW YORK STATE TEACHERS RETIREMENT SYSTEM reduced their investment in NAS:GOOG by 214,822 shares. The trade had a 0.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $111.66.
On 10/28/2022, Alphabet Inc traded for a price of $95.46 per share and a market cap of $1,243.06Bil. The stock has returned -34.85% 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 23.94,
a price-book ratio of 4.89,
a price-earnings-to-growth (PEG) ratio of 0.90,
a EV-to-Ebitda ratio of 11.79 and
a price-sales ratio of 4.52.
The price-to-GF Value ratio is 0.67, earning the stock a GF Value rank of 9.
CoStar Group Inc
The guru established a new position worth 346,975 shares in NAS:CSGP, giving the stock a 0.06% weight in the equity portfolio. Shares traded for an average price of $69.42 during the quarter.
On 10/28/2022, CoStar Group Inc traded for a price of $83.03 per share and a market cap of $34.34Bil. The stock has returned -5.13% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, CoStar Group Inc has
a price-earnings ratio of 122.17,
a price-book ratio of 4.90,
a price-earnings-to-growth (PEG) ratio of 7.45,
a EV-to-Ebitda ratio of 48.02 and
a price-sales ratio of 15.76.
The price-to-GF Value ratio is 0.87, earning the stock a GF Value rank of 9.
Invitation Homes Inc
The guru established a new position worth 515,249 shares in NYSE:INVH, giving the stock a 0.05% weight in the equity portfolio. Shares traded for an average price of $37.07 during the quarter.
On 10/28/2022, Invitation Homes Inc traded for a price of $31.795 per share and a market cap of $19.63Bil. The stock has returned -21.44% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Invitation Homes Inc has
a price-earnings ratio of 70.41,
a price-book ratio of 1.87,
a price-earnings-to-growth (PEG) ratio of 9.51,
a EV-to-Ebitda ratio of 20.61 and
a price-sales ratio of 8.74.
The price-to-GF Value ratio is 0.94, earning the stock a GF Value rank of 5.
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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