According to a recent Form 13F filing submitted to the SEC, Retirement Systems of Alabama disclosed a noteworthy new position in MP Materials Corp. (NYSE: MP) stock. Here’s what you need to know about MP Materials Corp., as well as Retirement Systems of Alabama’s position in shares of MP 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 MP Stock
According to the most recent 13F filing from Retirement Systems of Alabama, the institutional investment manager added a meaningful position in MP Materials Corp. (NYSE: MP), with 120,856 shares, which represents approximately 0.0681% of the 177,543,000 total MP shares outstanding. Based on MP’s last closing price of $35.36 per share, Retirement Systems of Alabama’s stake in MP is worth approximately $4,273,468.16, assuming no change in the position size. If you’re not very familiar with MP Materials Corp., learn more below.
MP Materials Corp. (NYSE: MP)
MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals. It offers cerium, lanthanum, neodymium, praseodymium, and samarium. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.
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.