CalPERS Strategy Holdings Drop to $80M as Stock Falls 45% This Quarter

The California Public Employees' Retirement System has seen its Strategy (MSTR) investment decline to approximately $80 million from over $144 million, following a 45% drop in the stock this quarter. The pension fund acquired 448,157 shares in Q3 but has faced losses amid broader market weakness. JPMorgan analysts warn that Strategy faces potential removal from major equity benchmarks, which could trigger up to $2.8 billion in outflows from passive funds.