CalSTRS Investment Activity Analysis: Q3 2026 Portfolio Changes
California State Teachers Retirement System (CalSTRS) has disclosed significant changes to its portfolio holdings for the quarter ending June 30, 2026.
According to the latest filing from California State Teachers Retirement System, substantial shifts occurred in its portfolio during Q3 2026. The investment strategy appears focused on maximizing returns, reflected in the large percentage increases seen across several key holdings.
The Technology sector saw considerable buying activity this quarter. NVIDIA experienced a massive increase of 18999.72%, adding significantly to its position which now accounts for approximately $35 million, or about 4.48% of the total portfolio value.
AAPL, another major Technology holding, also showed an enormous percentage jump of 28843.29%. This suggests continued confidence in Apple Inc. despite its current allocation being slightly lower at $22 million (2.85%).
MSFT, representing Microsoft Corp, increased by 37173.7% in this period, adding to a position valued at around $10.7 million (1.37%) of the portfolio.
In addition to Technology, Amazon also registered a huge percentage gain of 23954.52%, contributing to its allocation of $14.7 million (1.88%) and signaling strong interest in Consumer Cyclical.
JPMorgan Chase, despite being categorized under Financial Services, showed a massive sell percentage increase of 32150.06% during Q3 2026, indicating that the fund sold a substantial portion of its position in this sector.
Significant buying also occurred in Bank of America, which increased by 5515.74% and now represents $10.3 million (1.32%) of the portfolio.
Pfizer saw a large increase of 2320.62%, adding to its position valued at approximately $9 million (1.16%). Similarly, AT&T Inc. increased by 1920.3% during the quarter.
The fund also added positions to its existing holdings in Alphabet (GOOGL, $8.8 million, 1.13%) and Google (GOOG) ($7.0 million, 0.9%), both showing substantial percentage increases of over 35k%.
In contrast to the large buys, CalSTRS also reported significant exits from other positions during this quarter. The fund sold a major stake in SABR, reducing its position by an enormous percentage (though specific figures are not provided for prior period value). Similarly, substantial reductions occurred in PACB and AKBA.
Overall, the portfolio allocation data shows CalSTRS maintains significant exposure across various sectors. Technology remains a major focus with allocations totaling $170 million (22.33%) of the total portfolio value as of June 30, 2026.