The California State Teachers Retirement System (CalSTRS) increased its stake in Deckers Outdoor Corporation by 9,479.9% during the second quarter.
A September 12, 2026, regulatory filing shows the pension fund acquired over 21.1 million shares. This transaction brings its total ownership to approximately 15.68% of the company.
The investment reached a value of over $2.1 billion by the end of the reporting period. The move establishes CalSTRS as a top institutional shareholder in the parent company of HOKA and UGG.
Market analysts currently maintain a mixed outlook on the stock with a consensus Hold rating.