Institution

Oregon Public Employees Retirement Fund

13F for the quarter to June 30, 2026, filed July 29, 2026 · SEC CIK 1107314

Reported value: $9.3bn
Positions we cover: 1,471
Copy, a year: +14.0%
Copy Sharpe ratio: 0.76

How copying its 13F would have done

CopyS&P 500 $10,000 copying Oregon Public Employees Retirement Fund's filed holdings in companies we cover from September 6, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.1% (S&P 500 −31.8%); beta 1.02; alpha −0.3% a year (t = −0.49); last 12 months +11.4% against +12.1%.

Reported value by quarter

Oregon Public Employees Retirement Fund: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$2.3B
2013-09-30	$2.5B
2013-12-31	$3.8B
2014-03-31	$3.8B
2014-06-30	$4B
2014-09-30	$4B
2014-12-31	$4.3B
2015-03-31	$4.3B
2015-06-30	$4.3B
2015-09-30	$4B
2015-12-31	$4.3B
2016-03-31	$4.4B
2016-06-30	$4.5B
2016-09-30	$4.6B
2016-12-31	$4.8B
2017-03-31	$5.1B
2017-06-30	$5.9B
2017-09-30	$6.2B
2017-12-31	$12.8B
2018-03-31	$6.6B
2018-06-30	$6.8B
2018-09-30	$7.3B
2018-12-31	$6.3B
2019-03-31	$7.1B
2019-06-30	$7.4B
2019-09-30	$7.6B
2019-12-31	$7.2B
2020-03-31	$5.8B
2020-06-30	$6.8B
2020-09-30	$6.8B
2020-12-31	$7.6B
2021-03-31	$8.4B
2021-06-30	$8.9B
2021-09-30	$8.7B
2021-12-31	$9.1B
2022-03-31	$9.8B
2022-06-30	$6.6B
2022-09-30	$7B
2022-12-31	$7.7T
2023-03-31	$8.1B
2023-06-30	$8.4B
2023-09-30	$7.2B
2023-12-31	$5.7B
2024-03-31	$5B
2024-06-30	$5.1B
2024-09-30	$5.3B
2024-12-31	$5.4B
2025-03-31	$5.2B
2025-06-30	$5.7B
2025-09-30	$7.7B
2025-12-31	$7.9B
2026-03-31	$7.6B
2026-06-30	$9.3B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	6.43%	$595.9m	2.98M	+7.0% Added
AAPLApple Inc.	5.64%	$522.6m	1.81M	+7.4% Added
MSFTMicrosoft Corporation	3.68%	$340.7m	913.3K	+7.4% Added
AMZNAmazon	3.10%	$286.9m	1.20M	+7.6% Added
GOOGLAlphabet Inc. (Class A)	2.78%	$257.7m	721.0K	+8.2% Added
AVGOBroadcom	2.37%	$219.9m	582.1K	+7.2% Added
MUMicron Technology	1.73%	$160.0m	138.7K	+7.6% Added
OBDCBlue Owl Capital Corp	1.71%	$158.4m	14.57M	−2.7% Reduced
METAMeta Platforms	1.64%	$152.1m	270.0K	+7.8% Added
TSLATesla, Inc.	1.57%	$145.6m	346.1K	+7.5% Added
LLYLilly (Eli)	1.26%	$116.7m	97.3K	+7.2% Added
AMDAdvanced Micro Devices	1.26%	$116.4m	200.4K	+7.4% Added
JPMJPMorgan Chase	1.16%	$107.8m	329.5K	+6.7% Added
INTCIntel	0.88%	$81.1m	580.8K	+8.0% Added
JNJJohnson & Johnson	0.81%	$75.2m	296.0K	+7.2% Added
AMATApplied Materials	0.76%	$70.5m	97.6K	+7.3% Added
VVisa Inc.	0.76%	$70.0m	204.1K	+6.0% Added
LRCXLam Research	0.72%	$66.6m	153.8K	+7.5% Added
WMTWalmart	0.66%	$61.1m	539.1K	+7.4% Added
CATCaterpillar Inc.	0.65%	$60.3m	56.6K	+6.2% Added
CSCOCisco	0.62%	$57.0m	485.6K	+7.3% Added
ABBVAbbVie	0.59%	$54.7m	217.2K	+7.3% Added
COSTCostco	0.55%	$51.0m	54.6K	+7.2% Added
MAMastercard	0.55%	$51.0m	99.2K	+6.3% Added
KLACKLA Corporation	0.52%	$48.4m	160.5K	+969.6% Added
GEGE Aerospace	0.52%	$47.9m	128.2K	+6.8% Added
UNHUnitedHealth Group	0.50%	$46.4m	111.7K	+7.8% Added
BACBank of America	0.49%	$45.7m	802.8K	+5.6% Added
HDThe Home Depot	0.47%	$43.2m	122.4K	+7.5% Added
PGProcter & Gamble	0.45%	$42.0m	286.4K	+7.6% Added
SNDKSandisk	0.45%	$41.4m	18.2K	+7.7% Added
MRKMerck & Co.	0.42%	$39.0m	303.7K	+6.8% Added
GEVGE Vernova	0.42%	$38.8m	33.0K	+6.9% Added
KOThe Coca-Cola Company	0.42%	$38.7m	476.1K	+7.4% Added
CVXChevron Corporation	0.41%	$38.2m	230.2K	+7.2% Added
NFLXNetflix	0.40%	$37.0m	517.7K	+7.1% Added
GSGoldman Sachs	0.40%	$36.7m	36.3K	+5.5% Added
PMPhilip Morris International	0.37%	$34.7m	191.6K	+7.5% Added
PANWPalo Alto Networks	0.37%	$34.0m	99.8K	+7.8% Added
TXNTexas Instruments	0.36%	$33.4m	111.9K	+7.7% Added
PLTRPalantir Technologies Inc.	0.36%	$32.9m	282.3K	+7.9% Added
IBMIBM	0.35%	$32.5m	115.6K	+8.0% Added
MRVLMarvell Technology	0.35%	$32.1m	107.7K	New
RTXRTX Corporation	0.34%	$31.4m	165.5K	+7.7% Added
WFCWells Fargo	0.34%	$31.1m	376.3K	+6.3% Added
MSMorgan Stanley	0.33%	$30.8m	147.4K	+6.9% Added
ORCLOracle Corporation	0.33%	$30.6m	208.6K	+7.4% Added
LINLinde plc	0.32%	$29.5m	56.8K	+6.2% Added
CCitigroup	0.32%	$29.4m	209.7K	+4.8% Added
WDCWestern Digital	0.29%	$27.1m	42.4K	+9.1% Added
APHAmphenol	0.29%	$26.7m	151.2K	+7.5% Added
STXSeagate Technology	0.29%	$26.6m	27.6K	+10.3% Added
GLWCorning Inc.	0.27%	$24.6m	96.3K	+7.7% Added
AMGNAmgen	0.26%	$24.0m	66.4K	+7.7% Added
QCOMQualcomm	0.26%	$24.0m	129.6K	+6.2% Added
CRWDCrowdStrike	0.26%	$23.9m	31.3K	+8.4% Added
ADIAnalog Devices	0.26%	$23.8m	60.0K	+7.2% Added
MCDMcDonald's	0.26%	$23.6m	87.3K	+7.1% Added
TMOThermo Fisher Scientific	0.25%	$22.9m	45.7K	+6.2% Added
PEPPepsiCo	0.25%	$22.7m	168.0K	+7.3% Added
NEENextEra Energy	0.24%	$22.5m	256.4K	+7.5% Added
AXPAmerican Express	0.24%	$22.2m	65.5K	+6.7% Added
VZVerizon	0.23%	$21.7m	513.4K	+6.3% Added
ANETArista Networks	0.23%	$21.6m	126.9K	+7.4% Added
BABoeing	0.23%	$21.0m	97.0K	+7.8% Added
TJXTJX Companies	0.22%	$20.6m	136.0K	+7.0% Added
DISThe Walt Disney Company	0.22%	$20.5m	213.4K	+5.2% Added
ETNEaton Corporation	0.22%	$20.3m	47.7K	+7.2% Added
UNPUnion Pacific Corporation	0.21%	$19.9m	73.0K	+7.4% Added
WELLWelltower	0.21%	$19.7m	86.8K	+8.6% Added
DEDeere & Company	0.21%	$19.6m	30.9K	+6.9% Added
ABTAbbott Laboratories	0.21%	$19.4m	214.2K	+7.5% Added
GILDGilead Sciences	0.21%	$19.3m	152.7K	+7.5% Added
SCHWCharles Schwab Corporation	0.20%	$18.5m	201.0K	+5.1% Added
UBERUber	0.20%	$18.1m	250.2K	+6.2% Added
TAT&T	0.19%	$17.7m	854.0K	+6.5% Added
ISRGIntuitive Surgical	0.19%	$17.3m	43.5K	+7.2% Added
BLKBlackRock	0.18%	$17.1m	17.8K	+7.3% Added
APPApplovin Corp	0.18%	$17.0m	33.1K	+6.6% Added
BKNGBooking Holdings	0.18%	$17.0m	95.3K	+2479.9% Added
PFEPfizer	0.18%	$16.9m	700.8K	+7.6% Added
CVSCVS Health	0.17%	$16.2m	156.9K	+7.8% Added
VRTVertiv	0.17%	$15.8m	47.2K	+7.9% Added
CRMSalesforce	0.17%	$15.8m	100.6K	−6.2% Reduced
PGRProgressive Corporation	0.17%	$15.7m	71.9K	+7.1% Added
COPConocoPhillips	0.17%	$15.6m	149.8K	+6.7% Added
PLDPrologis	0.17%	$15.5m	114.7K	+7.8% Added
VRTXVertex Pharmaceuticals	0.17%	$15.5m	31.2K	+7.4% Added
DELLDell Technologies	0.17%	$15.4m	35.6K	+4.5% Added
COFCapital One	0.17%	$15.4m	76.5K	+6.8% Added
LOWLowe's	0.16%	$15.2m	68.9K	+7.3% Added
PHParker Hannifin	0.16%	$15.2m	15.5K	+7.4% Added
SPGIS&P Global	0.16%	$15.2m	37.3K	+6.4% Added
CBChubb Limited	0.16%	$15.1m	44.4K	+6.6% Added
MOAltria	0.16%	$14.8m	205.3K	+6.8% Added
DHRDanaher Corporation	0.16%	$14.8m	77.5K	+7.7% Added
BMYBristol Myers Squibb	0.16%	$14.5m	251.1K	+7.7% Added
SBUXStarbucks	0.15%	$14.3m	140.1K	+7.4% Added
SYKStryker Corporation	0.14%	$13.4m	42.4K	+7.6% Added
TTTrane Technologies	0.14%	$13.3m	27.2K	+7.3% Added
PWRQuanta Services	0.14%	$13.3m	18.5K	+8.0% Added
SOSouthern Company	0.14%	$13.3m	138.6K	+9.9% Added
HWMHowmet Aerospace	0.14%	$13.2m	49.2K	+7.2% Added
LMTLockheed Martin	0.14%	$12.7m	25.0K	+7.6% Added
CDNSCadence Design Systems Inc	0.14%	$12.7m	33.9K	+8.7% Added
EQIXEquinix	0.14%	$12.6m	12.1K	+7.8% Added
NOWServiceNow	0.14%	$12.6m	126.7K	+5.8% Added
MDTMedtronic	0.13%	$12.3m	157.9K	+7.6% Added
NEMNewmont	0.13%	$12.3m	131.2K	+5.0% Added
BNYBNY Mellon	0.13%	$12.2m	84.4K	+7.1% Added
PNCPNC Financial Services	0.13%	$12.2m	49.4K	+6.8% Added
DUKDuke Energy	0.13%	$12.1m	95.9K	+7.6% Added
CMICummins	0.13%	$12.1m	17.0K	+7.4% Added
FTNTFortinet	0.13%	$11.8m	76.6K	+5.8% Added
USBU.S. Bancorp	0.12%	$11.5m	190.8K	+7.2% Added
WMBWilliams Companies	0.12%	$11.2m	150.3K	+7.5% Added
MCKMcKesson	0.12%	$11.2m	14.8K	+5.2% Added
FCXFreeport-McMoRan	0.12%	$11.1m	176.8K	+7.4% Added
GDGeneral Dynamics	0.12%	$11.1m	31.2K	+7.4% Added
ADPAutomatic Data Processing	0.12%	$11.0m	49.1K	+6.7% Added
JCIJohnson Controls	0.12%	$11.0m	75.0K	+6.9% Added
CSXCSX Corporation	0.12%	$10.9m	228.4K	+7.3% Added
BXBlackstone Inc.	0.12%	$10.8m	91.4K	+6.6% Added
CMCSAComcast	0.12%	$10.8m	437.9K	+6.6% Added
DDOGDatadog, Inc.	0.11%	$10.6m	40.6K	+8.1% Added
SNPSSynopsys Inc	0.11%	$10.5m	23.6K	+7.6% Added
MMM3M	0.11%	$10.4m	64.2K	+6.5% Added
ELVElevance Health	0.11%	$10.3m	26.7K	+5.7% Added
ADBEAdobe Inc.	0.11%	$10.2m	49.7K	+5.8% Added
WMWaste Management	0.11%	$10.1m	45.4K	+6.8% Added
MARMarriott International	0.11%	$10.0m	26.9K	+6.8% Added
MRSHMarsh McLennan	0.11%	$9.9m	59.2K	+6.9% Added
UPSUnited Parcel Service	0.11%	$9.9m	91.8K	+8.5% Added
EMREmerson Electric	0.11%	$9.9m	68.9K	+7.2% Added
CMECME Group	0.11%	$9.8m	44.6K	+7.8% Added
CEGConstellation Energy	0.10%	$9.8m	39.3K	+10.2% Added
HOODRobinhood Markets	0.10%	$9.8m	97.3K	+7.5% Added
RCLRoyal Caribbean Group	0.10%	$9.7m	30.6K	+6.5% Added
SHWSherwin-Williams	0.10%	$9.7m	28.2K	+6.9% Added
TMUST-Mobile US	0.10%	$9.6m	57.2K	+5.5% Added
COHRCoherent Corp.	0.10%	$9.5m	24.1K	+12.0% Added
VLOValero Energy	0.10%	$9.5m	36.5K	+4.3% Added
ACNAccenture	0.10%	$9.4m	75.4K	+7.2% Added
ORLYO'Reilly Automotive	0.10%	$9.4m	101.9K	+5.6% Added
AMTAmerican Tower	0.10%	$9.4m	57.3K	+6.9% Added
TERTeradyne	0.10%	$9.3m	19.3K	+7.6% Added
HLTHilton Worldwide	0.10%	$9.3m	28.1K	+7.0% Added
MPCMarathon Petroleum	0.10%	$9.2m	35.9K	+6.4% Added
TDGTransDigm Group	0.10%	$9.2m	6.9K	+6.5% Added
AEPAmerican Electric Power	0.10%	$9.2m	66.9K	+8.0% Added

Company	Bought (value)	Shares
KLACKLA Corporation	$43.9m	145.5K
NVDANVIDIA Corporation	$39.1m	195.6K
AAPLApple Inc.	$36.1m	124.9K
MRVLMarvell Technology	$32.1m	107.7K
MSFTMicrosoft Corporation	$23.5m	63.0K
AMZNAmazon	$20.3m	85.0K
GOOGLAlphabet Inc. (Class A)	$19.4m	54.4K
BKNGBooking Holdings	$16.3m	91.6K
AVGOBroadcom	$14.8m	39.2K
MUMicron Technology	$11.3m	9.8K
METAMeta Platforms	$11.1m	19.6K
TSLATesla, Inc.	$10.1m	24.1K
HONHoneywell Technologies	$8.7m	38.9K
HONAHoneywell Aerospace	$8.6m	38.9K
AMDAdvanced Micro Devices	$8.0m	13.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
FLEXFlex Ltd.	−$4.9m	−30.1K
OBDCBlue Owl Capital Corp	−$4.3m	−400.0K
CHKPCheck Point Software Technologies LTD	−$3.7m	−26.2K
CASYCasey's	−$2.5m	−3.1K
CRMSalesforce	−$1.0m	−6.7K
PINSPinterest, Inc.	−$429,012	−20.4K
BRBRBellring Brands, Inc.	−$386,224	−24.0K
SANMSanmina Corp	−$352,287	−1.4K
ARIApollo Commercial Real Estate Finance, Inc.	−$316,958	−30.0K
SMTCSemtech Corp	−$296,833	−1.8K
VIAVViavi Solutions Inc.	−$220,414	−4.6K
FLRFluor Corp	−$220,038	−4.2K
PAYCPaycom Software, Inc.	−$219,060	−1.7K
DOCNDigitalocean Holdings, Inc.	−$205,395	−1.3K
CARTMaplebear Inc.	−$175,195	−3.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CHKPCheck Point Software Technologies LTD	$3.7m	26.2K
BRBRBellring Brands, Inc.	$386,224	24.0K
ARIApollo Commercial Real Estate Finance, Inc.	$316,958	30.0K
PRAAPRA Group Inc	$155,575	8.9K
IIINInsteel Industries Inc	$149,464	4.4K
VITLVital Farms, Inc.	$120,020	8.5K
EMBCEmbecta Corp.	$119,269	13.5K
UHTUniversal Health Realty Income Trust	$119,063	2.9K
ETDEthan Allen Interiors Inc	$117,956	5.3K
OXMOxford Industries Inc	$115,838	3.0K
MNROMonro, Inc.	$110,804	6.9K
CTKBCytek Biosciences, Inc.	$110,015	25.2K
CABOCable One, Inc.	$96,956	1.1K
SSTKShutterstock, Inc.	$91,754	5.5K
GDYNGrid Dynamics Holdings, Inc.	$86,070	15.1K
FWRDForward AIR Corp	$85,522	5.1K
TWITitan International Inc	$75,651	10.9K
GOGOGogo Inc.	$71,242	17.7K

Technology36.3%
Financials13.1%
Industrials10.8%
Consumer Discretionary9.8%
Health Care9.3%
Communication Services6.5%
Consumer Staples4.5%
Real Estate2.5%
Energy2.5%
Materials2.4%
Utilities2.3%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestSeptember 6, 2013 to November 2, 2026	+14.0%	+14.1%	0.76	0.78	−33.1%	1.02
2018 onwardsJanuary 5, 2018 to November 2, 2026	+13.0%	+13.9%	0.60	0.66	−33.1%	1.02
Last three yearsNovember 3, 2023 to November 2, 2026	+19.8%	+21.8%	1.04	1.16	−17.4%	0.99
Last yearNovember 7, 2025 to November 2, 2026	+13.5%	+14.2%	0.80	0.84	−8.3%	0.95

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.