Arizona State Pension System – GuruFocus.com

Arizona State Pension System recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock positions. listed in the United States and American certificates of deposit at the end of the quarter. They are not required to include international holdings, short positions or other types of investments. Yet even this limited repository can provide valuable information.

The Arizona State Retirement System is the state agency within Arizona that administers a variety of services including the Pension Plan, Long Term Disability Plan, health insurance for pensioners and other benefits for qualified civil servants. The state would begin providing pensions the same year Arizona became a state. The Teachers’ Retirement System would be established in 1943, providing benefits to all full-time certified teachers. The Arizona State Retirement System would be established in 1953 to provide retirement benefits to state employees and employees of state political subdivisions who sign a contract of membership. The fixed-benefit plan of the Arizona State Retirement System would be established in 1970 after 80% positive votes for the new plan from eligible members, and the Arizona State Retirement System Arizona currently supplies to a variety of members in the State of Arizona, including three state universities, community college districts, school districts and charter schools, all 15 counties, most cities and towns and a variety of special districts. The system has a variety of investment objectives, including maximizing fund returns, achieving a 75th percentile rate of return relative to peers, maintaining equal long-term fund rates of return or higher than the assumed actuarial interest rate, the achievement of long-term economic and actuarial interest rates. 100% funded and reduced contribution rate volatility. The Arizona State Retirement System allocates its assets primarily to stocks and shares, which alone account for more than half of its total allocations, as well as fixed income allocations, accounting for another quarter. of its total, and inflation-linked assets and multi-asset class strategies. . The system currently has over half a million members with over 200,000 active members and 690 participating employers. The system has a total fund market value of over $45 billion and is three-quarters funded. It has generated a 10% rate of return since its inception and more recently a net return of 18.6%.

According to the latest 13F report, the guru’s stock portfolio contained 2247 stocks valued at a total of $10.30 billion. Top holdings were AAPL (5.94%), MSFT (4.87%) and AMZN (2.59%).

According to data from GuruFocus, these were the top five trades in the Arizona State Retirement System for the quarter.

Cerner Corp.

The guru sold his 81,899 share investment in NAS:CERN. Previously, the stock had a weighting of 0.06% in the equity portfolio. The shares traded at an average price of $93.94 during the quarter.

On 7/28/2022, Cerner Corp traded at a price of $94.92 per share and a market capitalization of $27.92 billion. The stock has returned 20.58% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Cerner Corp has a price/earnings ratio of 43.38, a price/book ratio of 6.88, a price/earnings/growth (PEG) ratio of 2.65, an EV/Ebitda ratio of 17.47 and a price-to-sales ratio of 4.46.

The GF price/value ratio is 1.16, giving the stock a GF value rank of 3.

Tesla Inc.

During the quarter, Arizona State Retirement System purchased 6,774 shares of NAS:TSLA for a total holding of 241,008. The transaction had a 0.04% impact on the equity portfolio. During the quarter, the stock traded at an average price of $822.98.

On 7/28/2022, Tesla Inc traded at a price of $842.7 per share and a market capitalization of $880.19 billion. The stock has returned 30.25% 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 101.54, a price/pounds ratio of 24.11, an EV/Ebitda ratio of 60.52 and a price/sales ratio of 14.32.

The GF price/value ratio is 0.82, giving the stock a GF value rank of 9.

Apple Inc.

Arizona State Retirement System reduced its investment in NAS:AAPL by 24,727 shares. The transaction had an impact of 0.03% on the equity portfolio. During the quarter, the stock traded at an average price of $151.81.

On 7/28/2022, Apple Inc traded at a price of $157.35 per share and a market capitalization of $2,546.74 billion. The stock has returned 9.15% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Apple Inc has a price/earnings ratio of 25.54, a price/book ratio of 37.86, a price/earnings/growth (PEG) ratio of 1.80, an EV/Ebitda ratio of 19.65 and a price-to-sales ratio of 6.76.

The GF price/value ratio is 0.94, giving the stock a GF value rank of 6.

Meta Platforms Inc

Arizona State Retirement System reduced its investment in NAS:META by 15,818 shares. The transaction had an impact of 0.03% on the equity portfolio. During the quarter, the stock traded at an average price of $193.38.

On 7/28/2022, Meta Platforms Inc traded at a price of $160.72 per share and a market capitalization of $434.96 billion. The stock has returned -56.94% 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 12.90, a price/book ratio of 3.76, a price/earnings/growth (PEG) ratio of 0.48, an EV/Ebitda ratio of 8.30 and a price-to-sales ratio of 4.01.

The GF price-to-value ratio is 0.40, giving the stock a GF value rank of 4.

Roblox Corp.

The guru established a new position worth 98,077 shares in NYSE:RBLX, giving the stock a 0.03% weighting in the equity portfolio. The shares traded at an average price of $33.79 during the quarter.

On 7/28/2022, Roblox Corp traded at a price of $42.98 per share and a market capitalization of $25.50 billion. The stock has returned -45.68% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 1 out of 10.

In terms of valuation, Roblox Corp has a price-to-book ratio of 46.36, an EV to Ebitda ratio of -56.23, and a price-to-sales ratio of 12.30.

Please note that figures and facts quoted are at the time of writing this article and may not reflect the latest business data or company announcements.

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