The California State Teachers Retirement System (CalSTRS) dramatically increased its investment in Rambus Inc. according to a recent SEC 13F filing.
The pension fund purchased an additional 16,524,189 shares during the second quarter. This transaction represents a 13,305.0% increase in the fund's position.
CalSTRS now holds a total of 16,648,384 shares. This stake equates to approximately 15.35% of the company.
The investment was valued at over $2.2 billion at the time of the filing. This acquisition signals institutional confidence in Rambus's long-term strategy within the AI and data center markets.