The California State Teachers Retirement System (CalSTRS) increased its stake in Corpay, Inc. by 36,046.6% during the second quarter. According to a new 13F filing, the pension fund acquired an additional 30,161,246 shares.
CalSTRS now owns 30,244,919 shares, representing 46.06% of the corporate payments company. The total value of the stake exceeds $10 billion.
This investment scale is exceptional compared to other recent institutional activity. The move signals a major vote of confidence in Corpay's future prospects.