OREGON PUBLIC EMPLOYEES RETIREMENT FUND
Long book
$7.58B
Q1 2026
Positions
1510
Top-10 weight
32%
concentration
Last quarter
+14.6%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsOREGON PUBLIC EMPLOYEES RETIREMENT FUND is a mechanically diversified allocator, running a $7.58B US long book across 1510 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.8%
Q2 2024
+6.2%
Q3 2024
+2.0%
Q4 2024
-4.7%
Q1 2025
+9.7%
Q2 2025
+7.2%
Q3 2025
+2.5%
Q4 2025
-3.6%
Q1 2026
+14.6%
Sector allocation
Technology 37%
Industrials 12%
Financials 12%
Consumer discretionary 9%
Healthcare 8%
Other 6%
Services media 5%
Energy 3%
Long book by quarter
What does OREGON PUBLIC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 2.8M | $485.3M | 6.4% | 0.0% |
| AAPL APPLE INC | Technology | 1.7M | $426.6M | 5.6% | -0.7% |
| MSFT MICROSOFT CORP | Technology | 850.3K | $314.8M | 4.2% | -0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.1M | $233.0M | 3.1% | +0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 666.6K | $191.7M | 2.5% | 0.0% |
| AVGO BROADCOM INC | Technology | 542.9K | $168.0M | 2.2% | +0.4% |
| OBDC BLUE OWL CAPITAL CORP | — | 15.0M | $165.6M | 2.2% | Held |
| GOOG ALPHABET INC-CL C | Technology | 535.5K | $153.6M | 2.0% | +0.5% |
| META META PLATFORMS INC-CLASS A | Technology | 250.4K | $143.3M | 1.9% | +0.4% |
| TSLA TESLA INC | Industrials | 322.1K | $119.7M | 1.6% | +0.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 210.0K | $100.6M | 1.3% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 308.8K | $90.8M | 1.2% | -1.0% |
| LLY ELI LILLY & CO | Healthcare | 90.7K | $83.4M | 1.1% | -0.2% |
| XOM EXXON MOBIL CORP | Energy | 478.5K | $81.2M | 1.1% | -0.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 276.0K | $67.5M | 0.9% | 0.0% |
| WMT WALMART INC | Consumer discretionary | 502.0K | $62.4M | 0.8% | 0.0% |
| V VISA INC-CLASS A SHARES | Services media | 192.6K | $58.2M | 0.8% | -0.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 50.9K | $50.7M | 0.7% | +0.2% |
| MA MASTERCARD INC - A | Services media | 93.3K | $46.6M | 0.6% | -0.6% |
| NFLX NETFLIX INC | Services media | 483.5K | $46.5M | 0.6% | -0.4% |
| CVX CHEVRON CORP | Energy | 214.6K | $44.4M | 0.6% | -1.0% |
| ABBV ABBVIE INC | Healthcare | 202.4K | $44.0M | 0.6% | 0.0% |
| MU MICRON TECHNOLOGY INC | Technology | 128.9K | $43.5M | 0.6% | +0.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 266.2K | $38.5M | 0.5% | -0.5% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 261.5K | $38.3M | 0.5% | 0.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 186.7K | $38.0M | 0.5% | +0.1% |
| CAT CATERPILLAR INC | Industrials | 53.3K | $37.8M | 0.5% | -0.4% |
| HD HOME DEPOT INC | Consumer discretionary | 113.9K | $37.5M | 0.5% | -0.1% |
| BAC BANK OF AMERICA CORP | Financials | 759.9K | $37.0M | 0.5% | -1.2% |
| CSCO CISCO SYSTEMS INC | Technology | 452.4K | $35.1M | 0.5% | +0.2% |
| MRK MERCK & CO. INC. | Healthcare | 284.2K | $34.2M | 0.5% | Held |
| GE GENERAL ELECTRIC | Industrials | 120.1K | $34.1M | 0.4% | -0.6% |
| KO COCA-COLA CO/THE | Consumer staples | 443.3K | $33.7M | 0.4% | 0.0% |
| AMAT APPLIED MATERIALS INC | Technology | 90.9K | $31.1M | 0.4% | -0.3% |
| LRCX LAM RESEARCH CORP | Industrials | 143.0K | $30.6M | 0.4% | -0.6% |
| RTX RTX CORP | Industrials | 153.7K | $29.7M | 0.4% | +0.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 178.2K | $29.5M | 0.4% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 34.4K | $29.1M | 0.4% | +0.2% |
| ORCL ORACLE CORP | Technology | 194.2K | $28.6M | 0.4% | +0.8% |
| WFC WELLS FARGO & CO | Financials | 354.2K | $28.2M | 0.4% | -1.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 103.6K | $28.0M | 0.4% | -0.1% |
| GEV GE VERNOVA INC | Industrials | 30.9K | $27.0M | 0.4% | -0.5% |
| LIN LINDE PLC | Materials | 53.5K | $26.5M | 0.4% | +0.1% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 107.0K | $25.9M | 0.3% | -0.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 81.6K | $25.4M | 0.3% | Held |
| PEP PEPSICO INC | Consumer staples | 156.5K | $24.3M | 0.3% | -0.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 482.9K | $24.2M | 0.3% | Held |
| INTC INTEL CORP | Technology | 537.7K | $23.7M | 0.3% | +4.7% |
| T AT&T INC | Communications | 801.7K | $23.2M | 0.3% | -1.3% |
| C CITIGROUP INC | Financials | 200.2K | $22.7M | 0.3% | -2.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 1510 | $7.58B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 1510 | $7.86B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 1510 | $7.68B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 1509 | $5.67B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 1509 | $5.18B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 1509 | $5.44B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 1511 | $5.34B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 1511 | $5.05B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 1511 | $5.03B | canonical | SEC ↗ |
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