The California State Teachers Retirement System (CalSTRS) increased its position in Brown & Brown, Inc. by 7,957.4% during the second quarter. The pension fund acquired an additional 26,792,212 shares.
CalSTRS now holds a total of 27,128,907 shares in the financial services provider. This stake represents 8.11% of the company.
The total investment is valued at approximately $1.74 billion. This acquisition follows the company's recent quarterly earnings report and adjustments by other institutional investors.