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Retirement Systems of Alabama Reduces Stake in e.l.f. Beauty
Institutional investor sells over 53,000 shares of the cosmetics company
Apr. 5, 2026 at 9:05am
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Retirement Systems of Alabama, a major institutional investor, has reduced its stake in e.l.f. Beauty (NYSE:ELF) by 37.7% during the fourth quarter. The firm sold 53,327 shares, leaving it with 88,209 shares worth approximately $6.7 million as of the most recent SEC filing.
Why it matters
The reduction in Retirement Systems of Alabama's e.l.f. Beauty holdings signals a shift in institutional sentiment around the cosmetics company. While the firm remains a significant shareholder, the sale could raise questions about the stock's near-term performance and valuation.
The details
According to the SEC filing, Retirement Systems of Alabama sold 53,327 shares of e.l.f. Beauty during the fourth quarter, reducing its total position to 88,209 shares. The firm previously owned about 0.15% of the company's outstanding stock.
- Retirement Systems of Alabama filed the 13F report disclosing the stake reduction in the fourth quarter of 2025.
The players
Retirement Systems of Alabama
A major institutional investor that manages pension and retirement funds for public employees in Alabama.
e.l.f. Beauty
An American cosmetics company known for offering affordable, trend-driven makeup and skincare products.
The takeaway
The reduction in Retirement Systems of Alabama's e.l.f. Beauty holdings could signal a shift in institutional sentiment around the cosmetics company, raising questions about the stock's near-term performance and valuation. However, the firm remains a significant shareholder, indicating continued long-term confidence in the company's prospects.
