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New York State Teachers' Retirement System
Thomas K. Lee · Pension Fund · Multi-Strategy
The New York State Teachers' Retirement System (NYSTRS), established in 1921, provides retirement, disability, and death benefits to public school teachers and administrators in New York State, excluding New York City. As one of the ten largest public pension funds in the United States, it manages a defined benefit plan for hundreds of thousands of members. The system is governed by a 10-member Board and is dedicated to ensuring the long-term financial security of its participants through prudent investment management and exceptional customer service.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +13.6% |
| YTD return | +8.7% |
| Sharpe ratio | 3.18 |
| Win rate | 56% |
| AUM | $24.8B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $24.8B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.nystrs.org |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| NVDA | NVIDIA Corporation | 16.4% | +21.6% |
| AAPL | Apple Inc | 14.3% | +24.0% |
| GOOGL | Alphabet Inc Class A | 11.4% | +35.6% |
| MSFT | Microsoft Corporation | 11.3% | -1.2% |
| AMZN | Amazon.com Inc | 7.9% | +16.1% |
| AVGO | Broadcom Inc | 5.4% | +5.2% |
| META | Meta Platforms Inc. | 3.8% | -10.8% |
| MU | Micron Technology Inc | 3.4% | +5.7% |
| LLY | Eli Lilly and Company | 3.1% | +32.5% |
| TSLA | Tesla Inc | 3.1% | -21.2% |
| JPM | JPMorgan Chase & Co | 2.9% | +15.6% |
| BRK-A | Berkshire Hathaway Inc | 2.8% | +1.8% |
| AMD | Advanced Micro Devices Inc | 2.4% | -6.8% |
| XOM | Exxon Mobil Corp | 2.2% | +35.3% |
| JNJ | Johnson & Johnson | 2.1% | +43.8% |
| V | Visa Inc. Class A | 1.9% | +8.2% |
| ABBV | AbbVie Inc | 1.5% | +2.8% |
| MA | Mastercard Inc | 1.5% | +6.5% |
| WMT | Walmart Inc. Common Stock | 1.4% | +4.2% |
| CSCO | Cisco Systems Inc | 1.4% | -1.7% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 24, 2026 | SELL | MSFT | 11.4% → 11.3% |
| Aug 24, 2026 | BUY | XOM | 2.1% → 2.2% |
| Aug 24, 2026 | SELL | GOOGL | 11.2% → 11.4% |
| Aug 24, 2026 | BUY | AMD | 2.5% → 2.4% |
| Aug 24, 2026 | BUY | AAPL | 13.8% → 14.3% |
Investment Style Analysis
New York State Teachers' Retirement System is widely recognized for employing a Multi-Strategy strategy. As of Sep 4, 2026, the firm oversees approximately $24.8B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 24, New York State Teachers' Retirement System made a significant move by reducing the position in MSFT. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
NYSTRS employs a disciplined, risk-controlled investment approach characterized by broad diversification across various asset classes, including public and private equities, fixed income, and real estate. As a long-term investor and universal owner, the system focuses on achieving optimum risk-adjusted returns to fulfill its fiduciary obligations. Its strategy emphasizes thoughtful stewardship, incorporating corporate governance and sustainability considerations to mitigate long-term risks and ensure the continued stability of the fund.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with New York State Teachers' Retirement System.
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Frequently asked questions
How is the simulated portfolio for New York State Teachers' Retirement System constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is New York State Teachers' Retirement System's largest holding?
As of the latest filing, New York State Teachers' Retirement System's top position is NVIDIA Corporation (NVDA), representing 16.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is New York State Teachers' Retirement System's historical performance and risk profile?
Our simulation indicates a total return of +13.6% with a win rate of 56%. Notably, the portfolio maintains a Sharpe Ratio of 3.18, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does New York State Teachers' Retirement System primarily invest in?
New York State Teachers' Retirement System has a strong preference for the Semiconductors sector, which makes up 27.7% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is New York State Teachers' Retirement System's portfolio concentrated or diversified?
New York State Teachers' Retirement System runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 42.0% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has New York State Teachers' Retirement System performed in 2026?
Our AI-simulated model portfolio for New York State Teachers' Retirement System tracks a Year-to-Date (YTD) return of +8.7%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Thomas K. Lee manage New York State Teachers' Retirement System directly?
Yes, Thomas K. Lee serves as the key portfolio manager for New York State Teachers' Retirement System, overseeing the investment strategy and final capital allocation decisions.