California State Teachers Retirement System 13F: Cuts AMT Stake by $3.2M
The California State Teachers Retirement System has trimmed its position in American Tower, reflecting a modest decrease in its stake.
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California State Teachers Retirement System sold 16,680 shares from its stake in American Tower Corporation ($AMT), a 2.39% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 682,040 shares worth $129.10 million at the end of the quarter.
Since the filing, $AMT is up 4.3% after 1 week, up 3.1% after 1 month and up 6.6% to date (from the $173.73 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
AMT
American Tower Corporation
Key Points
- California State Teachers Retirement System trimmed its stake in American Tower Corporation (NYSE: AMT) by 16,680 shares, reducing its holdings to 682,040 shares valued at approximately $129.1 million as of May 18, 2026.
- American Tower's stock is currently trading at $189.29, which is above its 52-week low of $160.06 and below its high of $197.41, indicating some fluctuations in its recent performance.
- Analysts maintain a positive outlook on American Tower, with a consensus recommendation of 'buy' and a mean price target of $215.70, suggesting potential for growth.
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CalSTRS Cuts Back on American Tower
The California State Teachers Retirement System trimmed its stake in American Tower Corporation (NYSE: AMT) by 16,680 shares, reducing its total holdings to 682,040 shares. This change represents a 2.39% decrease in its position, valued at approximately $129.1 million as of May 18, 2026, according to its latest Form 13F filing with the SEC.
Details of the Position Change
The pension fund's holdings in American Tower decreased from 698,720 shares to 682,040 shares. The fund has been actively managing its investments, and this reduction shows a slight pullback in its exposure to the telecommunications real estate investment trust. The average cost basis for the shares was $159.64.
Institutional Activity in American Tower
No other funds reported changes in their positions for American Tower in the latest filings, indicating that the market may be holding steady on this stock despite CalSTRS' recent adjustment.
How AMT Stock Has Traded
American Tower's stock is currently trading at $189.29, which is above its 52-week low of $160.06, suggesting some resilience in the stock price. However, it remains below its 52-week high of $197.41, reflecting a period of volatility. Investors will be watching how the stock performs against its moving averages as well.
Analysts Set New Price Targets
Analysts maintain a generally positive outlook on American Tower. On September 30, 2026, Barclays maintained an 'Overweight' rating with a price target of $199. Earlier, on August 20, 2026, Barclays upgraded the stock to 'Overweight' with a target of $198. Truist Securities reiterated a 'Buy' rating on August 12, 2026, with a target of $207. Overall, the consensus among 23 analysts is a 'buy' with a mean price target of $215.70, suggesting potential for future growth.
What AMT Does
American Tower Corporation is a leading global real estate investment trust specializing in communications infrastructure. It owns and operates a vast portfolio of over 148,000 communications sites, making it a critical player in the telecommunications sector. The recent adjustments by institutional investors like CalSTRS highlight ongoing strategic decisions in this competitive market.
What to Watch at AMT
As American Tower approaches its next earnings date on October 27, 2026, investors will be keen to see how the company's financial performance aligns with analyst expectations. The latest 13F filing reflects holdings as of May 18, 2026, and may not represent current positions, so further updates will be essential for understanding market sentiment.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $AMT (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