OP
Oregon Public Employees Retirement Fund — 13F Portfolio Breakdown & Top Holdings (Q3 2026)
Oregon Public Employees Retirement FundCIK: 0001107314
Diversified strategyMomentum followerLong-term holder
Total reported value
$9.3B
Reporting period: 2026-09-30 · Number of holdings: 1510
OREGON PUBLIC EMPLOYEES RETIREMENT FUND disclosed 1510 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $9.3B and a quarterly turnover rate of 15.8%.
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Personality snowflake
- Concentration
- 7.04
- Portfolio Stability
- 15.84
- Momentum
- 94.71
- Sector conviction
- 59.74
- Diversification
- 100
- Sizing Uniformity
- 49.41
Oregon Public Employees Retirement Fund's disclosed holdings carry a Herfindahl concentration index of 0.018 — mathematically equivalent to about 57 equally-sized positions, well below its 1510 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 5.06), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MSFT
-0.0% $127.6M
New buy 30233Q108
Add NVDA
-0.1% $83.6M
Add AAPL
-0.6% $75.0M
Sold out XOM
Trim OBDC
-31.4% -$53.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1510 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.30% | +0.87% | -0.09% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 6.42% | +0.78% | -0.64% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 5.03% | +1.35% | -0.04% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.23% | +0.13% | +0.26% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.67% | -0.11% | +0.07% | |
| 6 | AVGO | Broadcom Inc | Stock-Tech | 2.21% | -0.16% | +0.49% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.14% | -0.08% | +0.56% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.11% | +0.47% | +0.40% | |
| 9 | MU | Micron Technology Inc | Stock-Tech | 1.59% | -0.14% | +0.15% | |
| 10 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.32% | -0.25% | +0.10% | |
| 11 | AMD | Advanced Micro Devices | Stock-Tech | 1.32% | +0.06% | +0.14% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.22% | — | +1.57% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.22% | -0.04% | +1.14% | |
| 14 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.16% | — | -0.81% | |
| 15 | OBDC | Blue Owl Capital CORP | Stock-Financials | 1.13% | -0.58% | -31.36% | |
| 16 | ✓ | Stock-Other | 0.88% | +0.88% | NEW | ||
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.84% | +0.03% | +0.12% | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 0.81% | +0.05% | +2.64% | |
| 19 | INTC | Intel CORP | Stock-Tech | 0.79% | -0.09% | +5.18% | |
| 20 | WMT | Walmart Inc | Stock-Consumer Staples | 0.61% | -0.05% | +1.64% | |
| 21 | ABBV | Abbvie Inc | Stock-Healthcare | 0.61% | +0.02% | +0.03% | |
| 22 | MA | Mastercard Inc - A | Stock-Financials | 0.59% | +0.04% | +0.21% | |
| 23 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.57% | +0.21% | +0.22% | |
| 24 | CSCO | Cisco Systems Inc | Stock-Tech | 0.56% | -0.06% | -0.21% | |
| 25 | LRCX | Lam Research CORP | Stock-Tech | 0.54% | -0.18% | +0.06% | |
| 26 | AMAT | Applied Materials Inc | Stock-Tech | 0.54% | -0.22% | +0.05% | |
| 27 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.53% | -0.02% | -0.08% | |
| 28 | CVX | Chevron CORP | Stock-Energy | 0.53% | +0.12% | +5.52% | |
| 29 | CAT | Caterpillar Inc | Stock-Industrials | 0.49% | -0.16% | -0.24% | |
| 30 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.47% | +0.05% | -0.12% | |
| 31 | BAC | Bank Of America CORP | Stock-Financials | 0.47% | -0.02% | -0.41% | |
| 32 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.45% | — | -0.22% | |
| 33 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.44% | +0.02% | -0.01% | |
| 34 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.44% | -0.06% | -1.18% | |
| 35 | GE | General Electric | Stock-Industrials | 0.43% | -0.09% | -0.54% | |
| 36 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.43% | +0.06% | +0.44% | |
| 37 | PM | Philip Morris International | Stock-Consumer Staples | 0.39% | +0.02% | +0.03% | |
| 38 | NFLX | Netflix Inc | Stock-Comm Services | 0.38% | -0.02% | -1.12% | |
| 39 | HD | Home Depot Inc | Stock-Consumer Disc | 0.37% | -0.10% | +0.08% | |
| 40 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.36% | +0.10% | +300.01% | |
| 41 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.35% | -0.05% | -1.31% | |
| 42 | TXN | Texas Instruments Inc | Stock-Tech | 0.34% | -0.02% | +0.36% | |
| 43 | KLAC | Kla CORP | Stock-Tech | 0.34% | -0.18% | +0.06% | |
| 44 | SNDK | Sandisk CORP | Stock-Tech | 0.34% | -0.11% | -1.37% | |
| 45 | GEV | GE Vernova Inc | Stock-Industrials | 0.33% | -0.09% | -0.80% | |
| 46 | RTX | Rtx CORP | Stock-Industrials | 0.33% | -0.01% | +0.11% | |
| 47 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.33% | +0.08% | -0.60% | |
| 48 | WFC | Wells Fargo & Co | Stock-Financials | 0.32% | -0.02% | -1.20% | |
| 49 | ORCL | Oracle CORP | Stock-Tech | 0.31% | -0.02% | +1.85% | |
| 50 | MRVL | Marvell Technology Inc | Stock-Tech | 0.31% | -0.04% | -0.01% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+2.6%
Performance Last 4 Quarters
+14.6%
- Stdev
- +12.2%
- Beta
- +0.98
- Alpha
- -1.9%
- Max Drawdown
- -9.1%
- Annualized Perf
- +21.4%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +3.6
- Stutzer
- +0.49
- Treynor
- +0.21
- Sterling
- +1.31
- Calmar
- +2.35
- Information Ratio
- -1
- Tracking Error
- +2.2%
- Stdev Down
- +5.6%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +32.4%
- Worst 12 Months
- +3.6%
- Efficiency Ratio
- +0.72
- Sharpe
- +1.66
- Stdev Sectors
- +9.9%
- Skewness
- +0.09
- Kurtosis
- +0.15
- Upside Potential
- +5.04
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 1510 | $9.3B | 16 | ||
| 2026 Q2 | 1509 | $9.3B | 25 | ||
| 2026 Q1 | 1510 | $7.6B | 14 | ||
| 2025 Q4 | 1510 | $7.9B | 10 | ||
| 2025 Q3 | 1510 | $7.7B | 41 | ||
| 2025 Q2 | 1509 | $5.7B | 0 | ||
| 2025 Q1 | 1509 | $5.2B | 100 | ||
| 2024 Q4 | 1509 | $5.4B | 0 | ||
| 2024 Q3 | 1511 | $5.3B | 0 | ||
| 2024 Q2 | 1511 | $5.1B | 0 | ||
| 2024 Q1 | 1511 | $5.0B | 0 | ||
| 2023 Q4 | 1547 | $5.7B | 0 | ||
| 2023 Q3 | 1672 | $7.2B | 0 | ||
| 2023 Q2 | 1690 | $8.4B | 0 | ||
| 2023 Q1 | 1690 | $8.1B | 0 | ||
| 2022 Q4 | 1700 | $7.7B | 0 | ||
| 2022 Q3 | 1694 | $7.0B | 0 | ||
| 2022 Q2 | 1539 | $6.6B | 0 | ||
| 2022 Q1 | 1692 | $9.8B | 0 | ||
| 2021 Q4 | 1582 | $9.1B | 0 | ||
| 2021 Q3 | 1572 | $8.7B | 0 | ||
| 2021 Q2 | 1577 | $8.9B | 97 | ||
| 2021 Q1 | 1597 | $8.4B | 14 | ||
| 2020 Q4 | 1602 | $7.6B | 28 | ||
| 2020 Q3 | 1577 | $6.8B | 12 | ||
| 2020 Q2 | 1579 | $6.8B | 34 | ||
| 2020 Q1 | 1589 | $5.8B | 42 | ||
| 2019 Q4 | 1584 | $7.2B | 37 | ||
| 2019 Q3 | 1652 | $7.6B | 15 | ||
| 2019 Q2 | 1669 | $7.4B | 25 | ||
| 2019 Q1 | 1646 | $7.1B | 24 | ||
| 2018 Q4 | 1669 | $6.3B | 41 | ||
| 2018 Q3 | 1084 | $7.3B | 14 | ||
| 2018 Q2 | 1093 | $6.8B | 29 | ||
| 2018 Q1 | 1079 | $6.6B | 12 | ||
| 2017 Q4 | 1083 | $6.6B | 23 | ||
| 2017 Q3 | 1083 | $6.2B | 19 | ||
| 2017 Q2 | 1087 | $5.9B | 32 | ||
| 2017 Q1 | 941 | $5.1B | 11 | ||
| 2016 Q4 | 935 | $4.8B | 22 | ||
| 2016 Q3 | 923 | $4.6B | 36 | ||
| 2016 Q2 | 1024 | $4.5B | 15 | ||
| 2016 Q1 | 1021 | $4.4B | 11 | ||
| 2015 Q4 | 1028 | $4.3B | 15 | ||
| 2015 Q3 | 1029 | $4.0B | 16 | ||
| 2015 Q2 | 1032 | $4.3B | 14 | ||
| 2015 Q1 | 1019 | $4.3B | 11 | ||
| 2014 Q4 | 1020 | $4.3B | 17 | ||
| 2014 Q3 | 1026 | $4.0B | 8 | ||
| 2014 Q2 | 1019 | $4.0B | 14 | ||
| 2014 Q1 | 1010 | $3.8B | 8 | ||
| 2013 Q4 | 1011 | $3.8B | 43 | ||
| 2013 Q3 | 963 | $2.5B | 9 | ||
| 2013 Q2 | 965 | $2.3B | 0 |
Holding changes this quarter
Oregon Public Employees Retirement Fund's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Bloom Energy Corp- A (BE); Sold out: Oneok Inc (OKE); New buy: .
Showing top 200 changes by size (of 1536 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.4% | -0.04% | Trim |
| 2 | ✓ | +0.9% | NEW | New buy | |
| 3 | NVDA | Nvidia CORP | +0.9% | -0.09% | Trim |
| 4 | AAPL | Apple Inc | +0.8% | -0.64% | Trim |
| 5 | META | Meta Platforms Inc-class A | +0.5% | +0.40% | Add |
| 6 | PLTR | Palantir Technologies Inc-a | +0.2% | +0.22% | Add |
| 7 | AMZN | Amazon.com Inc | +0.1% | +0.26% | Add |
| 8 | CVX | Chevron CORP | +0.1% | +5.52% | Add |
| 9 | BE | Bloom Energy Corp- A | +0.1% | NEW | New buy |
| 10 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +300.01% | Add |
| 11 | TMO | Thermo Fisher Scientific Inc | +0.1% | -0.60% | Trim |
| 12 | CRM | Salesforce Inc | +0.1% | +0.08% | Add |
| 13 | ✓ | +0.1% | NEW | New buy | |
| 14 | AMD | Advanced Micro Devices | +0.1% | +0.14% | Add |
| 15 | PANW | Palo Alto Networks Inc | +0.1% | +0.44% | Add |
| 16 | MRNA | Moderna Inc | +0.1% | +5.12% | Add |
| 17 | FERG | Ferguson Enterprises Inc | +0.1% | NEW | New buy |
| 18 | V | Visa Inc-class A Shares | +0.1% | +2.64% | Add |
| 19 | MRK | Merck & Co. Inc. | +0.1% | -0.12% | Trim |
| 20 | ANET | Arista Networks Inc | +0.1% | +1.41% | Add |
| 21 | MPC | Marathon Petroleum CORP | +0.1% | -3.88% | Trim |
| 22 | ACN | Accenture plc | +0.1% | -0.27% | Trim |
| 23 | VLO | Valero Energy CORP | +0.1% | -2.78% | Trim |
| 24 | DELL | Dell Technologies -c | 0% | +4.41% | Add |
| 25 | NOW | Servicenow Inc | 0% | +0.31% | Add |
| 26 | PSX | Phillips 66 | 0% | -0.41% | Trim |
| 27 | AMGN | Amgen Inc | 0% | +0.15% | Add |
| 28 | MA | Mastercard Inc - A | 0% | +0.21% | Add |
| 29 | GILD | Gilead Sciences Inc | 0% | -0.14% | Trim |
| 30 | JNJ | Johnson & Johnson | 0% | +0.12% | Add |
| 31 | PFE | Pfizer Inc | 0% | -0.01% | Trim |
| 32 | HPE | Hewlett Packard Enterprise | 0% | -0.23% | Trim |
| 33 | COP | Conocophillips | 0% | -1.39% | Trim |
| 34 | T | At&t Inc | 0% | -1.37% | Trim |
| 35 | TWLO | Twilio Inc - A | 0% | +1.33% | Add |
| 36 | SUI | Sun Communities Inc | 0% | NEW | New buy |
| 37 | NEM | Newmont CORP | 0% | -1.28% | Trim |
| 38 | RDDT | Reddit Inc-cl A | 0% | NEW | New buy |
| 39 | EQR | Equity Residential | 0% | +111.32% | Add |
| 40 | OKTA | Okta Inc | 0% | -0.73% | Trim |
| 41 | LITE | Lumentum Holdings Inc | 0% | +13.67% | Add |
| 42 | KO | Coca-cola Co/the | 0% | -0.01% | Trim |
| 43 | DHR | Danaher CORP | 0% | -0.75% | Trim |
| 44 | AGNC | Agnc Investment CORP | 0% | NEW | New buy |
| 45 | ABBV | Abbvie Inc | 0% | +0.03% | Add |
| 46 | HUBS | Hubspot Inc | 0% | NEW | New buy |
| 47 | VEEV | Veeva Systems Inc-class A | 0% | -0.54% | Trim |
| 48 | ALSN | Allison Transmission Holding | 0% | NEW | New buy |
| 49 | ICE | Intercontinental Exchange In | 0% | -0.75% | Trim |
| 50 | PM | Philip Morris International | 0% | +0.03% | Add |
1–50 of 200
Filing History
FAQ
What is Oregon Public Employees Retirement Fund and what type of investor is it?
Oregon Public Employees Retirement Fund is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $9.3B, spread across 1510 disclosed positions.
What are Oregon Public Employees Retirement Fund's largest equity positions?
Based on the latest 13F filing, Oregon Public Employees Retirement Fund's top holdings by market value are:
1. Nvidia CORP (NVDA) — $679.5M (7.3%)
2. Apple Inc (AAPL) — $597.6M (6.4%)
3. Microsoft CORP (MSFT) — $468.3M (5.0%)
4. Amazon.com Inc (AMZN) — $300.7M (3.2%)
5. Alphabet Inc-cl A (GOOGL) — $248.3M (2.7%)
What changes did Oregon Public Employees Retirement Fund make in its most recent portfolio filing?
In the latest reported quarter, Oregon Public Employees Retirement Fund made 193 notable position adjustments: 15 new positions were initiated, 76 existing holdings were added to, 94 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Bloom Energy Corp- A (BE); Sold out: Oneok Inc (OKE); New buy:
What sectors does Oregon Public Employees Retirement Fund focus on?
Oregon Public Employees Retirement Fund is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 38.5%
• Financials: 11.5%
• Health Care: 9.6%
• Communication Services: 9.2%
• Consumer Discretionary: 9.2%
• Industrials: 9.0%
Investment Profile
Oregon Public Employees Retirement Fund returned an annualized 21.4% over the trailing 36 months — underperforming the S&P 500 by 1.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.98 (roughly in line with the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 38.5% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 41 to 16 over the past 4 quarters — a shift toward longer holding periods.
It has added to its NVDA position over the past two quarters (+$194.3M, now $679.5M), while trimming OBDC over the same stretch (-$60.7M, still holding $104.9M).
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Developer Access
Access Oregon Public Employees Retirement Fund's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/oregon-public-employees-retirement-fundCLI
npx alphasmo institutions get oregon-public-employees-retirement-fund