The California State Teachers' Retirement System (CalSTRS) dramatically increased its position in Texas Roadhouse, Inc. A 13F filing on September 11, 2026, detailed the significant acquisition. The pension fund purchased over 15.3 million additional shares.
These transactions occurred during the second quarter. CalSTRS now holds a total of approximately 15.4 million shares. This gives the fund ownership of about 23.49% of the restaurant operator.
The holding is valued at nearly $3 billion based on the most recent filing. Institutional investments of this scale often signal a strong endorsement of a company's management. Such moves can positively influence long-term investor sentiment.