Texas Permanent School Fund Corp Sells 3,003 Shares of Caleres, Inc. (NYSE:CAL)

The Texas Permanent School Fund Corp (TPSFC) is a state-owned investment fund that manages the endowment of the public schools in Texas. The fund was established in 1907 and has grown to become one of the largest investment funds in the world, with assets under management of over $45 billion as of 2021.

Caleres, Inc. (NYSECAL) is a publicly traded textile manufacturer based in St. Louis, Missouri. The company operates through its subsidiaries, which include brands such as Sam Edmondson, Famous Footwear, and ModCloth. Caleres has been in business for over 120 years and is one of the largest footwear companies in the world.

In the third quarter of 2021, TPSFC sold 3,003 shares of Caleres, Inc.'s stock, reducing its position in the company by 9.4%. After the sale, TPSFC owned 28,957 shares of Caleres' stock, which represents approximately 10.6% of the company's outstanding shares as of September 30, 2021.

The reason for TPSFC's decision to sell its shares in Caleres, Inc. is not disclosed in the SEC filing. However, it is worth noting that TPSFC has a long-term investment horizon and typically holds onto its investments for many years. The fund's investment decisions are made by a team of professional investors who carefully analyze each company's financial performance, growth prospects, and other factors before making any investment decisions.

Overall, the sale of 3,003 shares of Caleres, Inc.'s stock by TPSFC represents a relatively small portion of the fund's overall portfolio and is not likely to have a significant impact on the company's operations or financial performance.