COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 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 Pennsylvania Public School Employees' Retirement System is a private investment management organization that serves to provide retirement benefits to the public school employees within the state of Pennsylvania. The system is based out of Harrisburg within the state and was established in 1917. The Pennsylvania Public School Employees' Retirement System would have over 37,000 members by 1919 from the merger of 13 school retirement systems and would reach over 50,000 members by 1924 with over $7.3 million in the retirement fund. By the 1950s, the system would be reaching its 100,000th member with total assets of over half a trillion. In 1975, a new retirement code was established that would make the system into an independent administrative board, liberalizing the system’s authority to invest in common stock and allowing part time employees to be eligible for membership. The Pennsylvania Public School Employees' Retirement System would continue to grow and expand, moving into its current headquarters in Harrisburg in 1987. By 1991 the system would have over $19 billion in total assets under management with over 100,000 retirees and 200,000 active members, and the system would begin paying out over $1 billion in total benefits by 1994. By 1995, the system would have $30 billion in assets as the system began to convert to the PSERS Business System with a new proves for serving the membership. Pennsylvania Public School Employees' Retirement System currently has over 600,000 members today and holds over $52 billion in total assets, although that amount has been as high as over $60 billion. The system invests most heavily in the energy sector, which alone makes up over a third of its total asset allocations, and also invests in the finance, information technology, health care, consumer discretionary, and utilities and telecommunications, among others to a lesser degree, in order of decreasing allocation.
As of the latest 13F report, the guru’s equity portfolio contained 1804 stocks valued at a total of $11.82Bil. The top holdings were IEMG(7.46%), EMB(4.36%), and AGG(4.21%).
According to GuruFocus data, these were COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS’s top five trades of the quarter.
Apple Inc
During the quarter, COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS bought 318,055 shares of NAS:AAPL for a total holding of 2,527,673. The trade had a 0.35% impact on the equity portfolio. During the quarter, the stock traded for an average price of $142.91.
On 02/15/2023, Apple Inc traded for a price of $153.2 per share and a market cap of $2,423.92Bil. The stock has returned -8.74% 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 26.01, a price-book ratio of 42.79, a price-earnings-to-growth (PEG) ratio of 1.49, a EV-to-Ebitda ratio of 19.48 and a price-sales ratio of 6.35.
The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 7.
Microsoft Corp
During the quarter, COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS bought 169,200 shares of NAS:MSFT for a total holding of 1,260,060. The trade had a 0.34% impact on the equity portfolio. During the quarter, the stock traded for an average price of $239.99.
On 02/15/2023, Microsoft Corp traded for a price of $272.17 per share and a market cap of $2,025.98Bil. The stock has returned -6.88% 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 30.24, a price-book ratio of 11.07, a price-earnings-to-growth (PEG) ratio of 1.47, a EV-to-Ebitda ratio of 20.05 and a price-sales ratio of 10.00.
The price-to-GF Value ratio is 0.87, earning the stock a GF Value rank of 9.
iShares Core S&P Small-Cap ETF
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS reduced their investment in ARCA:IJR by 360,421 shares. The trade had a 0.32% impact on the equity portfolio. During the quarter, the stock traded for an average price of $95.59.
On 02/15/2023, iShares Core S&P Small-Cap ETF traded for a price of $104.63 per share and a market cap of $72.34Bil. The stock has returned -0.08% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core S&P Small-Cap ETF has a price-earnings ratio of 12.27 and a price-book ratio of 1.80.
iShares Core S&P Mid-Cap ETF
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS reduced their investment in ARCA:IJH by 100,342 shares. The trade had a 0.22% impact on the equity portfolio. During the quarter, the stock traded for an average price of $240.73.
On 02/15/2023, iShares Core S&P Mid-Cap ETF traded for a price of $266.33 per share and a market cap of $70.39Bil. The stock has returned 2.95% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core S&P Mid-Cap ETF has a price-earnings ratio of 13.91 and a price-book ratio of 2.34.
Alphabet Inc
During the quarter, COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS bought 252,609 shares of NAS:GOOGL for a total holding of 1,309,640. The trade had a 0.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $95.03.
On 02/15/2023, Alphabet Inc traded for a price of $94.68000000000001 per share and a market cap of $1,214.18Bil. The stock has returned -30.14% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Alphabet Inc has a price-earnings ratio of 20.80, a price-book ratio of 4.78, a price-earnings-to-growth (PEG) ratio of 0.82, a EV-to-Ebitda ratio of 12.90 and a price-sales ratio of 4.38.
The price-to-GF Value ratio is 0.66, earning the stock a GF Value rank of 8.
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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