The California State Teachers Retirement System (CalSTRS) acquired 7,566,641 additional shares of Mercury Systems Inc.
This purchase increases the pension fund's total ownership to 7,630,211 shares. CalSTRS now controls a 12.69% stake in the technology company, according to a recent SEC filing.
Recent filings indicate other institutional investors, including hedge funds and public employee retirement systems, also expanded their positions in recent quarters.
This institutional buying follows an insider transaction in early September, when an Executive Vice President sold a portion of their holdings.