Retirement Systems of Alabama Discloses New Position in Annaly Capital Management, Inc.

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According to a recent Form 13F filing submitted to the SEC, Retirement Systems of Alabama disclosed a noteworthy new position in Annaly Capital Management, Inc. (NYSE: NLY) stock. Here’s what you need to know about Annaly Capital Management, Inc., as well as Retirement Systems of Alabama’s position in shares of NLY stock:

Retirement Systems of Alabama

The Retirement Systems of Alabama inlcudes the Teachers Retirement System, Employees Retirement System, Judicial Retirement Fund, and other pension and benefit funds in Alabama, with over $21 billion in managed 13F securities. The Retirement Systems of Alabama serves the interests of its members by preserving the excellent benefits and soundness of the systems at the least expense to the state of Alabama and all Alabama taxpayers. You can learn more about Retirement Systems of Alabama on their website here.

Retirement Systems of Alabama’s New Position in NLY Stock

According to the most recent 13F filing from Retirement Systems of Alabama, the institutional investment manager added a meaningful position in Annaly Capital Management, Inc. (NYSE: NLY), with 786,306 shares, which represents approximately 0.1681% of the 467,865,999 total NLY shares outstanding. Based on NLY’s last closing price of $21.01 per share, Retirement Systems of Alabama’s stake in NLY is worth approximately $16,520,289.06, assuming no change in the position size. If you’re not very familiar with Annaly Capital Management, Inc., learn more below.

Annaly Capital Management, Inc. (NYSE: NLY)

Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.


Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Retirement Systems of Alabama. Also be sure to check out more recent 13F filing analysis news here.

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