Arizona State Retirement System Cuts Stake in Coca-Cola Company

The Arizona State Retirement System has significantly reduced its stake in Coca-Cola Company (NYSE: KO) by 4% in the second quarter, according to a recent Form 13F filing with the SEC. This decrease corresponds to selling 45,027 shares of the company's stock, leaving the firm with 1,074,888 shares.

The value of these holdings is approximately $87.36 million as of the latest filing. This reduction in stake comes amidst various other institutional investors and hedge funds adding to or reducing their positions in the stock.

California State Teachers Retirement System, for instance, increased its position by 7,365% in the second quarter, buying an additional 480,979,487 shares of Coca-Cola's stock worth $39.619 billion.