California State Teachers Retirement System 13F: Cuts AAPL Stake by $203M
The California State Teachers Retirement System trimmed its position in Apple Inc., reflecting a continued adjustment in its investment strategy.
Reviewed by automated data checks against the source filing. How we make and check alerts
California State Teachers Retirement System sold 708,401 shares from its stake in Apple Inc. ($AAPL), a 3.08% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 22,272,610 shares worth $6.39 billion at the end of the quarter.
Since the filing, $AAPL is up 3.5% after 1 week, down 0.6% after 1 month and up 15.4% to date (from the $297.58 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
AAPL
Apple Inc.
Key Points
- California State Teachers Retirement System trimmed its Apple Inc. stake by 3.1%, selling 708,401 shares and holding 22,272,610 shares valued at approximately $6.4 billion as of May 18, 2026.
- Apple Inc. shares traded at $287.07 on the day of this report, well below its 52-week high of $348.15.
- Analysts maintain a consensus buy rating on Apple, with a target mean price of $329.38, suggesting potential upside from current levels.
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California State Teachers Retirement System Cuts Apple Shares
California State Teachers Retirement System trimmed its stake in Apple Inc. (AAPL) by 3.1%, selling 708,401 shares. The fund now holds 22,272,610 shares valued at about $6.4 billion as of May 18, 2026. This move reflects the fund's ongoing adjustments in its investment strategy.
The reduction in shares means California State Teachers Retirement System has decreased its holdings from 22,981,011 shares to 22,272,610 shares. This was not a new position or an exit, but a modest trim in its investment.
Institutional Moves in Apple
In the same period, other funds have made various adjustments to their positions in Apple. For instance, B. Riley Wealth Advisors increased its stake in Apple by 47.7%, now holding 336,396 shares. In contrast, Montrusco Bolton Investments reduced its position by 6.4%, while First Citizens Bank & Trust boosted its holdings by 11.6% with an increase of 76,752 shares. These changes indicate a mixed sentiment among large investors regarding Apple's stock.
Apple Stock Performance
On the day this article is published, Apple shares are trading at $287.07, significantly lower than its 52-week high of $348.15. This price level suggests that the stock may be seen as more attractive after the recent declines, especially as it is positioned above its 200-day moving average of $292.11.
Recent Earnings
In its latest earnings report, Apple Inc. posted revenue of $466.8 billion, reflecting a revenue growth of 16.4% year-over-year. The company reported earnings per share (EPS) of $8.72, with a net margin of 27.6%. The next earnings report is scheduled for November 2, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 1.1%. Revenue missed estimates by 0.6%.
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Profit surprise
EBITDA beat by 2 percent. Operating income beat by 3 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 2.2 points. Operating margin up 1.2 points. Positive free cash flow.
Earnings Call Summary
Apple delivered its best-ever quarter with 143.8 billion dollars in revenue, up 16 percent. iPhone surged 23 percent to 85.3 billion dollars driven by strong customer demand for the iPhone 17 lineup and record upgraders in China and India. Services hit an all-time record of 30 billion dollars, up 14 percent, while the installed base reached 2.5 billion active devices. Management highlighted Apple Intelligence features resonating with users and expanded retail presence in India as growth drivers.
Guidance Apple expects March quarter revenue to grow 13 percent to 16 percent year over year, with services growing at a similar rate to December. Gross margin should land between 48 percent to 49 percent. The company faces iPhone supply constraints from advanced chip demand but remains confident in the business outlook.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Apple Inc.
Jennifer Newstead, Apple’s Senior Vice President and General Counsel, sold 2,399 shares on October 13, 2026, at an average price of $345, totaling about $827,655. Additionally, Principal Accounting Officer Ben Borders sold 124 shares on June 15, 2026, at an average price of $296.42, valued at approximately $36,756.
Analysts Set New Price Targets
On October 12, 2026, JP Morgan maintained an Overweight rating on Apple with a price target of $360. Similarly, Morgan Stanley reiterated its Overweight rating with a target of $355. Overall, analysts have a consensus buy rating with a target mean price of $329.38 based on 39 opinions.
About Apple Inc.
Apple Inc. designs and sells a range of consumer electronics, including smartphones, tablets, and personal computers. It also offers various services like Apple Music and the App Store, which are key revenue drivers for the company.
What's Ahead for Apple Inc.
Investors will be keeping an eye on Apple's next earnings report on November 2, 2026, as well as any further adjustments from major stakeholders. The recent 13F filing reflects holdings as of May 18, 2026, and may not represent current positions.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $AAPL (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