California State Teachers Retirement System 13F: Cuts BLK Stake by $5.7M
The pension fund trimmed its holdings in BlackRock, Inc. by 5,933 shares, reflecting a 2.6% decrease in its position.
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California State Teachers Retirement System sold 5,933 shares from its stake in BlackRock, Inc. ($BLK), a 2.62% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 220,947 shares worth $212.45 million at the end of the quarter.
Since the filing, $BLK is down 0.8% after 1 week, down 2.1% after 1 month and up 5.6% to date (from the $1,074.28 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
BLK
BlackRock, Inc.
Key Points
- California State Teachers Retirement System trimmed its stake in BlackRock, Inc. by 5,933 shares, bringing its total to 220,947 shares valued at approximately $212.5 million as of May 18, 2026.
- BlackRock shares closed at $961.56 on the day of the filing, down from a prior close of $1,073.79, indicating a significant drop in value over recent weeks.
- Analysts remain bullish on BlackRock, with a consensus rating of 'Overweight' and a mean price target of $1,336.71 from 17 analysts.
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CalSTRS Trims BlackRock Position
California State Teachers Retirement System reduced its stake in BlackRock, Inc. (NYSE: BLK) by 5,933 shares, lowering its total holdings to 220,947 shares. This change represents a 2.6% decrease in its investment, valued at approximately $212.5 million as of the filing date on May 18, 2026.
Institutional Activity in BlackRock
During the same quarter, other institutional investors made notable changes to their positions in BlackRock. However, there were no additional peer fund activities reported in this filing.
How BlackRock, Inc. Stock Has Traded
On May 18, 2026, BlackRock shares traded at $961.56, a significant decline from the previous close of $1,073.79. This drop reflects the overall market volatility and investor sentiment toward financial services, especially asset management firms like BlackRock.
Analysts Set New Price Targets
On October 15, 2026, several firms maintained their ratings on BlackRock. UBS kept a 'Buy' rating with a price target of $1,300, while Morgan Stanley and JP Morgan both maintained 'Overweight' ratings with targets of $1,531 and $1,449, respectively. The consensus among 17 analysts suggests a strong outlook for the stock, with a target mean price of $1,336.71.
What BlackRock, Inc. Does
BlackRock, Inc. is a major investment management firm based in New York, serving a wide range of clients, including pension funds and governments. The recent trimming of its stake by CalSTRS highlights ongoing adjustments by major investors in response to market conditions.
What's Ahead for BlackRock, Inc.
Investors will be watching for BlackRock's next earnings report scheduled for January 14, 2027. As a reminder, this 13F filing reflects the fund's holdings as of the reporting period and may not indicate their current positions.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $BLK (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