The California State Teachers' Retirement System (CalSTRS) significantly increased its investment in Builders FirstSource Inc. during the second quarter.
The pension fund boosted its holdings by 6,687.9% according to a recent SEC disclosure. CalSTRS acquired over 11 million shares during the filing period.
The fund's total ownership now reaches 11,177,842 shares. This position represents approximately 10.39% of the company.
The total stake was valued at just over $1 billion at the end of the quarter. The filing highlights a growing trend of institutional interest in the building materials supplier.