The California State Teachers' Retirement System (CalSTRS) increased its holdings in The Timken Company by 14,043.7% during the second quarter. The pension fund disclosed the acquisition in a 13F filing on September 12, 2026. CalSTRS purchased an additional 10,985,425 shares.
The fund now holds a total of 11,063,648 shares in the industrial products company. This position represents approximately 15.96% of Timken's total ownership. The stake was valued at roughly $1.61 billion at the end of the reporting period.