The California State Teachers Retirement System (CalSTRS) significantly expanded its position in Coca-Cola Europacific Partners (CCEP) during the second quarter.
A recent SEC Form 13F filing shows the pension fund purchased 16,946,824 additional shares.
This transaction represents an 8,692.1% increase in the fund's total position.
CalSTRS now holds 17,141,791 shares in the company.
The investment accounts for approximately 3.72% of the firm's total ownership.
The total stake is valued at more than $1.7 billion.