California State Teachers Retirement System 13F: Cuts CAH Stake by $2.2M
CalSTRS has reduced its holdings in Cardinal Health by 9,726 shares.
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California State Teachers Retirement System sold 9,726 shares from its stake in Cardinal Health, Inc. ($CAH), a 2.56% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 370,711 shares worth $81.99 million at the end of the quarter.
Since the filing, $CAH is up 0.3% after 1 week, up 13.3% after 1 month and up 27.8% to date (from the $198.87 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
CAH
Cardinal Health, Inc.
Key Points
- California State Teachers Retirement System trimmed its position in Cardinal Health, Inc. (CAH) by 9,726 shares, bringing its total to 370,711 shares valued at about $81.99 million as of May 18, 2026.
- The stock traded at $221.16 on the publication date, down from a previous close of $225.38, and has fluctuated between $145.87 and $258.30 over the past year.
- Analysts maintain a positive outlook on Cardinal Health, with a consensus recommendation of 'strong buy' and an average price target of $270.94.
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CalSTRS Cuts Its Holdings
California State Teachers Retirement System trimmed its position in Cardinal Health, Inc. (CAH) by 9,726 shares, reducing its total holdings to 370,711 shares. This change represents a 2.56% decrease, with the total value of the remaining shares at about $81.99 million as of May 18, 2026.
Institutional Activity
In the same quarter, other institutional investors also adjusted their positions in Cardinal Health. On April 30, 2026, HSBC Holdings reduced its stake by 15.1%, cutting 92,629 shares. In contrast, Janus Henderson Group increased its investment significantly, demonstrating varied strategies among major holders in the healthcare sector. Additionally, Natixis Advisors trimmed its stake by 5.45% in mid-May.
How CAH Stock Has Traded
On the publication date, Cardinal Health shares were trading at $221.16, down from the previous close of $225.38. The stock has seen a wide range over the past year, with a low of $145.87 and a high of $258.30, indicating some volatility. The recent trimming by CalSTRS comes as the stock has been navigating these fluctuations.
Analysts Set New Price Targets
Analysts have shown confidence in Cardinal Health, with UBS maintaining a 'Buy' rating and raising its price target to $295 on October 16, 2026. RBC Capital initiated coverage with an 'Outperform' rating and a target of $276 on August 19, 2026. Overall, the consensus recommendation remains a 'strong buy' with an average target price of $270.94 from 16 analysts.
What CAH Does
Cardinal Health, Inc. is a healthcare services company based in Dublin, Ohio. It provides a range of medical and pharmaceutical products and services to hospitals, pharmacies, and healthcare providers. The recent activity among institutional investors reflects the ongoing interest in Cardinal Health within the healthcare sector.
What's Next for CAH
Looking ahead, investors will be watching for Cardinal Health's next earnings report scheduled for November 5, 2026. As a reminder, the recent 13F filing reflects CalSTRS' holdings as of the reporting period and may not represent its current position.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $CAH (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