California State Teachers Retirement System 13F: Cuts AMZN Stake by $79M
The California State Teachers Retirement System trimmed its stake in Amazon.com, Inc. by 327,605 shares, reflecting a 2.2% decrease.
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California State Teachers Retirement System sold 327,605 shares from its stake in Amazon.com, Inc. ($AMZN), a 2.20% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 14,562,158 shares worth $3.50 billion at the end of the quarter.
Since the filing, $AMZN is up 0.2% after 1 week, down 10.3% after 1 month and down 5.6% to date (from the $264.86 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
AMZN
Amazon.com, Inc.
Key Points
- California State Teachers Retirement System trimmed its Amazon stake by 327,605 shares, now holding 14,562,158 shares valued at approximately $3.5 billion as of May 18, 2026.
- Amazon shares traded at $240.54 on the day this article is published, down from a previous close of $254.08.
- Analysts maintain a strong outlook on Amazon, with the target price averaging $331.46, reflecting continued confidence in the company's growth.
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CalSTRS Trims Its Amazon Position
The California State Teachers Retirement System has reduced its stake in Amazon.com, Inc. (AMZN) by 327,605 shares, a decrease of 2.2%. The fund now holds 14,562,158 shares, valued at about $3.5 billion as of its latest Form 13F filing with the SEC on May 18, 2026.
This reduction follows a trend among institutional investors, with CalSTRS previously holding 14,889,763 shares. The trim reflects ongoing adjustments in the fund's portfolio strategy as market conditions evolve.
Institutional Activity Around Amazon
While no other funds reported changes in their Amazon positions in this filing, the activity around Amazon is notable. Recently, B. Riley Wealth Advisors increased its Amazon stake by 61,595 shares, raising its total to 212,968 shares worth $53.1 million. In contrast, Montrusco Bolton reduced its holdings by 268,801 shares, while First Citizens Bank & Trust boosted its stake by 44,499 shares, now valued at $102.7 million. These shifts indicate mixed sentiments among institutional investors regarding Amazon's prospects.
How Amazon.com, Inc. Stock Has Traded
As of the publication date, Amazon shares are trading at $240.54, down from a previous close of $254.08. The stock is currently above its 200-day moving average of $242.64 but below its 50-day average of $257.52. This positioning may influence investor sentiment as the stock has seen a 52-week range between $196.00 and $287.20.
Analysts Set New Price Targets
On October 12, 2026, Wells Fargo maintained an Overweight rating on Amazon with a price target of $329.00, down from a prior target of $338.00. Similarly, Cantor Fitzgerald also maintained an Overweight rating with a target of $310.00, reduced from $320.00. The consensus among analysts remains positive, with an average price target of $331.46 based on 58 opinions, suggesting a strong buy recommendation.
About Amazon
Amazon.com, Inc. is a leading player in the consumer cyclical sector, focusing on online and physical retail sales, as well as cloud services through Amazon Web Services (AWS). The company's diverse offerings include consumer products, advertising services, and subscriptions like Amazon Prime, positioning it well in the market.
What's Ahead for Amazon.com, Inc.
Investors will be watching for Amazon's next earnings report on October 29, 2026. The recent 13F filing reflects past holdings and may not represent CalSTRS' current position. As institutional investors continue to adjust their stakes, further updates will provide insights into market trends and investor sentiment.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $AMZN (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts