California State Teachers Boosts Merck Holdings by a Staggering 12,537.4%
The California State Teachers Retirement System significantly increased its stake in Merck & Co., Inc. during the second quarter, purchasing an additional 480,884,635 shares.
This represents a 12,537.4% increase in their holdings and brings their total shares to 484,720,247.
The value of these shares is approximately $62,286,552,000, accounting for about 19.65% of Merck & Co., Inc.'s outstanding stock.