STRS OHIO

Diversified mechanical Mechanical CIK 820478
League rank
#67
in Diversified mechanical · #1704 overall
Long book
$25.21B
Q1 2026
Positions
2118
Top-10 weight
30%
concentration
Last quarter
+14.7%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

STRS OHIO is a mechanically diversified allocator, running a $25.21B US long book across 2118 positions.

The portfolio is moderately concentrated (top 10 ≈ 30% 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 C.

Over the last 9 quarters its long book ran on average 0.2pp 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
+3.3%
Q2 2024
+5.8%
Q3 2024
+1.8%
Q4 2024
-4.3%
Q1 2025
+10.6%
Q2 2025
+7.9%
Q3 2025
+2.5%
Q4 2025
-3.7%
Q1 2026
+14.7%

Sector allocation

Technology
38%
Industrials
12%
Financials
11%
Consumer discretionary
9%
Healthcare
8%
Other
5%
Services media
5%
Energy
3%

Long book by quarter

$25.10B
Q1 2024
$25.31B
Q2 2024
$25.99B
Q3 2024
$25.21B
Q4 2024
$23.87B
Q1 2025
$26.78B
Q2 2025
$27.28B
Q3 2025
$26.81B
Q4 2025
$25.21B
Q1 2026

What does STRS OHIO own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology9.1M$1.58B6.3%-4.2%
AAPL APPLE INCTechnology5.1M$1.28B5.1%-3.7%
MSFT MICROSOFT CORPTechnology2.7M$1.00B4.0%-8.4%
AMZN AMAZON.COM INCConsumer discretionary3.6M$759.9M3.0%-5.5%
GOOG ALPHABET INC-CL CTechnology2.1M$598.1M2.4%-6.2%
AVGO BROADCOM INCTechnology1.9M$590.2M2.3%+2.4%
GOOGL ALPHABET INC-CL ATechnology1.9M$541.3M2.1%+3.4%
META META PLATFORMS INC-CLASS ATechnology802.9K$459.4M1.8%-1.8%
XOM EXXON MOBIL CORPEnergy2.0M$338.9M1.3%-4.4%
JPM JPMORGAN CHASE & COFinancials1.1M$322.7M1.3%-5.6%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials630.1K$301.9M1.2%+4.5%
LLY ELI LILLY & COHealthcare320.5K$294.8M1.2%+9.2%
TSLA TESLA INCIndustrials762.1K$283.3M1.1%-4.7%
MA MASTERCARD INC - AServices media462.3K$231.0M0.9%-2.2%
GBDC GOLUB CAPITAL BDC INC17.1M$217.0M0.9%+2.6%
JNJ JOHNSON & JOHNSONHealthcare798.5K$195.2M0.8%-5.1%
ARCC ARES CAPITAL CORP10.5M$189.2M0.8%New
CVX CHEVRON CORPEnergy815.0K$168.6M0.7%-5.0%
ABBV ABBVIE INCHealthcare767.3K$166.9M0.7%-3.6%
NFLX NETFLIX INCServices media1.7M$161.5M0.6%-7.7%
WMT WALMART INCConsumer discretionary1.2M$153.1M0.6%-5.1%
GEV GE VERNOVA INCIndustrials164.0K$143.2M0.6%-3.3%
MU MICRON TECHNOLOGY INCTechnology423.3K$143.0M0.6%-16.4%
V VISA INC-CLASS A SHARESServices media464.4K$140.4M0.6%-4.6%
UNH UNITEDHEALTH GROUP INCFinancials496.2K$134.3M0.5%-4.4%
MRK MERCK & CO. INC.Healthcare1.1M$132.1M0.5%-5.2%
GS GOLDMAN SACHS GROUP INCFinancials149.0K$126.0M0.5%-11.2%
HD HOME DEPOT INCConsumer discretionary378.5K$124.5M0.5%-6.2%
COST COSTCO WHOLESALE CORPConsumer discretionary121.9K$121.5M0.5%-4.6%
OBDC BLUE OWL CAPITAL CORP10.9M$121.0M0.5%+411.4%
GE GENERAL ELECTRICIndustrials421.7K$119.7M0.5%+1.5%
AMD ADVANCED MICRO DEVICESTechnology581.1K$118.2M0.5%-3.5%
CAT CATERPILLAR INCIndustrials166.7K$118.1M0.5%-4.6%
TMO THERMO FISHER SCIENTIFIC INCOther238.1K$117.0M0.5%-4.0%
CSCO CISCO SYSTEMS INCTechnology1.5M$115.5M0.5%+11.1%
WFC WELLS FARGO & COFinancials1.4M$111.1M0.4%-5.3%
LRCX LAM RESEARCH CORPIndustrials517.7K$110.6M0.4%+1.9%
NOW SERVICENOW INCTechnology1.0M$109.6M0.4%-1.1%
VZ VERIZON COMMUNICATIONS INCCommunications2.2M$108.0M0.4%-4.8%
C CITIGROUP INCFinancials947.5K$107.5M0.4%-12.6%
RTX RTX CORPIndustrials546.8K$105.5M0.4%-11.7%
PANW PALO ALTO NETWORKS INCTechnology642.7K$103.0M0.4%+108.0%
VRT VERTIV HOLDINGS CO-ATechnology406.3K$101.8M0.4%-9.2%
AMAT APPLIED MATERIALS INCTechnology292.1K$99.9M0.4%-9.2%
APP APPLOVIN CORP-CLASS ATechnology248.6K$98.9M0.4%-1.3%
NEE NEXTERA ENERGY INCUtilities1.1M$98.7M0.4%-6.6%
SCHW SCHWAB (CHARLES) CORPFinancials1.0M$97.2M0.4%-5.5%
DIS WALT DISNEY CO/THEServices media1.0M$96.8M0.4%-5.5%
PG PROCTER & GAMBLE CO/THEOther660.7K$95.4M0.4%-4.5%
BXSL BLACKSTONE SECURED LENDING F4.0M$94.8M0.4%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 24, 20262118$25.21B canonicalSEC ↗
Q4 202513F-HRFeb 2, 20262169$26.81B canonicalSEC ↗
Q3 202513F-HROct 30, 20252185$27.28B canonicalSEC ↗
Q2 202513F-HRAug 4, 20252195$26.78B canonicalSEC ↗
Q1 202513F-HRMay 28, 20251922$23.87B canonicalSEC ↗
Q4 202413F-HRMay 28, 20251878$25.21B canonicalSEC ↗
Q3 202413F-HRNov 1, 20241959$25.99B canonicalSEC ↗
Q2 202413F-HRAug 5, 20241948$25.31B canonicalSEC ↗
Q1 202413F-HRMay 13, 20241915$25.10T $K fixed canonicalSEC ↗