Oregon Public Employees Retirement Fund
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Oregon Public Employees Retirement Fund reported 1,509 stock positions worth $5.4 billion. Its top holding was Apple (AAPL) at 6.0% of the portfolio, followed by Nvidia (NVDA, 5.2%) and Microsoft (MSFT, 4.9%). Compared with Q3 2024, it opened 17 new positions, sold out of 22, added to 534 and reduced 555. The biggest buy was Tesla (TSLA, shares +1%) and the biggest sale Unitedhealth (UNH, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- TIGARD, OR
- CIK
- 0001107314
- Portfolio Value
- $5.4B (Q4 2024)
- SEC Filing
- 0001213900-25-010156 ↗ filed Feb 5, 2025
Holdings Value
Holdings 1,509 stocks · $5.4B
| AAPL Apple Inc. | 5.97% | 1,295,887 | $324.5M | Reduce -0.5% |
| NVDA Nvidia Corp. | 5.19% | 2,102,939 | $282.4M | Reduce -0.2% |
| MSFT Microsoft Corp. | 4.94% | 637,392 | $268.7M | Add +0.1% |
| AMZN Amazon.com Inc. | 3.24% | 802,308 | $176.0M | Add +0.3% |
| OBDE Blue Owl Capital Corp. III | 3.13% | 11,805,264 | $170.2M | No change |
| META Meta Platforms Inc. Class A | 2.01% | 186,900 | $109.4M | Reduce -0.1% |
| TSLA Tesla Inc. | 1.78% | 239,423 | $96.7M | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 1.74% | 500,931 | $94.8M | Reduce -0.2% |
| AVGO Broadcom Inc. | 1.71% | 400,430 | $92.8M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 1.43% | 408,019 | $77.7M | Reduce -0.8% |
| OBDC Blue Owl Capital Corp. | 1.39% | 5,000,000 | $75.6M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.31% | 157,143 | $71.2M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 1.06% | 241,360 | $57.9M | Reduce -0.9% |
| LLY Eli Lilly & Co. | 0.96% | 67,549 | $52.1M | Add +0.1% |
| V Visa Inc. Class A | 0.86% | 148,154 | $46.8M | Add +3.6% |
| XOM Exxon Mobil Corp. | 0.75% | 376,827 | $40.5M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 0.73% | 78,900 | $39.9M | Reduce -0.2% |
| MA Mastercard Inc. Class A | 0.68% | 70,277 | $37.0M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 0.64% | 37,984 | $34.8M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.62% | 201,864 | $33.8M | Add +0.2% |
| WMT Walmart Inc. | 0.62% | 372,076 | $33.6M | Add +0.1% |
| HD Home Depot Inc. | 0.61% | 85,155 | $33.1M | Add +0.3% |
| NFLX Netflix Inc. | 0.60% | 36,643 | $32.7M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.55% | 206,409 | $29.9M | Add +0.2% |
| CRM Salesforce Inc. | 0.50% | 81,954 | $27.4M | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.50% | 151,479 | $26.9M | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 572,302 | $25.2M | Reduce -1.0% |
| ORCL Oracle Corp. | 0.42% | 137,774 | $23.0M | Add +0.8% |
| MRK Merck & Co. Inc. | 0.40% | 216,844 | $21.6M | Reduce -0.1% |
| CVX Chevron Corp. | 0.38% | 143,239 | $20.7M | Reduce -1.6% |
| KO The Coca-Cola Co. | 0.38% | 332,413 | $20.7M | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.37% | 341,711 | $20.2M | Reduce -1.0% |
| WFC Wells Fargo & Co. | 0.37% | 285,411 | $20.0M | Reduce -2.0% |
| ACN Accenture PLC Class A | 0.35% | 53,570 | $18.8M | Reduce -0.1% |
| NOW ServiceNow Inc. | 0.34% | 17,659 | $18.7M | Add +0.2% |
| PEP Pepsico Inc. | 0.33% | 117,631 | $17.9M | Add +0.1% |
| MCD McDonald's Corp. | 0.33% | 61,438 | $17.8M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 79,287 | $17.4M | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 155,274 | $17.3M | Add +0.0% |
| LIN Linde PLC | 0.31% | 40,831 | $17.1M | Reduce -0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 32,789 | $17.1M | Add +0.2% |
| ABT Abbott Laboratories | 0.31% | 148,700 | $16.8M | Reduce -0.1% |
| AMD Advanced Micro Devices | 0.31% | 139,156 | $16.8M | Add +0.4% |
| ADBE Adobe Inc. | 0.31% | 37,746 | $16.8M | Reduce -0.6% |
| PM Philip Morris International | 0.30% | 133,316 | $16.0M | Add +0.2% |
| ISRG Intuitive Surgical Inc. | 0.29% | 30,520 | $15.9M | Add +0.7% |
| GE General Electric filed as GE AEROSPACE | 0.28% | 92,742 | $15.5M | Reduce -0.0% |
| GS Goldman Sachs Group Inc. | 0.28% | 26,910 | $15.4M | Reduce -0.5% |
| INTU Intuit Inc. | 0.28% | 24,032 | $15.1M | Add +0.6% |
| CAT Caterpillar Inc. | 0.28% | 41,393 | $15.0M | Reduce -0.3% |
| TXN Texas Instruments Inc. | 0.27% | 78,214 | $14.7M | Add +0.1% |
| QCOM Qualcomm Inc. | 0.27% | 95,255 | $14.6M | Reduce -0.1% |
| VZ Verizon Communications Inc. | 0.27% | 360,862 | $14.4M | Add +0.1% |
| AXP American Express Co. | 0.26% | 47,715 | $14.2M | Reduce -0.7% |
| BKNG Booking Holdings Inc. | 0.26% | 2,842 | $14.1M | Reduce -1.0% |
| T AT&T Inc. | 0.26% | 615,104 | $14.0M | Add +0.2% |
| SPGI S&P Global Inc. | 0.25% | 27,217 | $13.6M | Reduce -0.7% |
| MS Morgan Stanley | 0.25% | 106,375 | $13.4M | Reduce -0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 175,750 | $13.3M | Add +2.0% |
| RTX RTX Corp. | 0.24% | 114,122 | $13.2M | Add +0.3% |
| PFE Pfizer Inc. | 0.24% | 485,809 | $12.9M | Add +0.1% |
| BLK BlackRock Inc. | 0.24% | 12,480 | $12.8M | Add +4.9% |
| DHR Danaher Corp. | 0.23% | 55,107 | $12.6M | Add +0.2% |
| NEE Nextera Energy Inc. | 0.23% | 176,293 | $12.6M | Add +0.2% |
| HON Honeywell International Inc. | 0.23% | 55,746 | $12.6M | Add +0.1% |
| CMCSA Comcast Corp. Class A | 0.23% | 327,241 | $12.3M | Reduce -1.1% |
| PGR Progressive Corp. | 0.22% | 50,228 | $12.0M | Add +0.2% |
| AMGN Amgen Inc. | 0.22% | 46,088 | $12.0M | Add +0.4% |
| CHKP Check Point Software Tech | 0.22% | 64,330 | $12.0M | Add +1.7% |
| LOW Lowe's Cos Inc. | 0.22% | 48,637 | $12.0M | Reduce -0.3% |
| UNP Union Pacific Corp. | 0.22% | 51,973 | $11.9M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 96,653 | $11.7M | Reduce -0.1% |
| AMAT Applied Materials Inc. | 0.21% | 70,639 | $11.5M | Reduce -0.3% |
| C Citigroup Inc. | 0.21% | 162,176 | $11.4M | Reduce -0.6% |
| BA The Boeing Co. | 0.21% | 64,111 | $11.3M | Add +27.9% |
| BSX Boston Scientific Corp. | 0.21% | 126,369 | $11.3M | Add +0.3% |
| ETN Eaton Corp. PLC | 0.21% | 33,856 | $11.2M | Reduce -0.6% |
| COP Conocophillips | 0.20% | 110,875 | $11.0M | Add +11.5% |
| UBER Uber Technologies Inc. | 0.20% | 180,563 | $10.9M | Add +0.4% |
| BX Blackstone Inc. | 0.20% | 61,905 | $10.7M | Add +0.5% |
| SYK Stryker Corp. | 0.19% | 29,405 | $10.6M | Add +0.2% |
| ADP Automatic Data Processing | 0.19% | 34,935 | $10.2M | Add +0.2% |
| PANW Palo Alto Networks Inc. | 0.19% | 56,084 | $10.2M | Add +1.0% |
| FISV Fiserv Inc. | 0.18% | 48,765 | $10.0M | Reduce -1.0% |
| GILD Gilead Sciences Inc. | 0.18% | 106,814 | $9.9M | Add +0.2% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 173,899 | $9.8M | Add +0.3% |
| ANET Arista Networks Inc. | 0.18% | 88,596 | $9.8M | Add +0.5% |
| SCHW Schwab (charles) Corp. | 0.17% | 128,112 | $9.5M | Add +0.2% |
| DE Deere & Co. | 0.17% | 21,821 | $9.2M | Reduce -0.6% |
| TMUS T-Mobile US Inc. | 0.17% | 41,759 | $9.2M | Reduce -0.4% |
| ADI Analog Devices Inc. | 0.17% | 42,546 | $9.0M | Add +0.2% |
| MRSH Marsh & McLennan Cos | 0.16% | 42,095 | $8.9M | Add +0.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.16% | 22,074 | $8.9M | Reduce -0.0% |
| CB Chubb Ltd. | 0.16% | 32,109 | $8.9M | Reduce -0.1% |
| SBUX Starbucks Corp. | 0.16% | 97,129 | $8.9M | Add +0.2% |
| LMT Lockheed Martin Corp. | 0.16% | 18,086 | $8.8M | Reduce -0.3% |
| MDT Medtronic PLC | 0.16% | 109,947 | $8.8M | Add +0.1% |
| KKR KKR & Co. Inc. | 0.16% | 57,880 | $8.6M | Add +0.3% |
| PLD Prologis Inc. | 0.15% | 79,372 | $8.4M | Add +0.1% |
| MU Micron Technology Inc. | 0.15% | 95,096 | $8.0M | Add +0.2% |
Portfolio Sells Q3 2024 → Q4 2024
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 0.73% | −0.13 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -0.9% | 0.75% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.40% | −0.06 |
| ADBE Adobe Inc. | Reduce -0.6% | 0.31% | −0.06 |
| AMAT Applied Materials Inc. | Reduce -0.3% | 0.21% | −0.06 |
| LIN Linde PLC | Reduce -0.8% | 0.31% | −0.05 |
| GE General Electric | Reduce -0.0% | 0.28% | −0.04 |
| LII Lennox International Inc. | Reduce -57.9% | 0.03% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -0.3% | 0.16% | −0.04 |
| KLAC KLA Corp. | Reduce -1.0% | 0.13% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -0.1% | 0.27% | −0.03 |
| HCA HCA Healthcare Inc. | Reduce -1.4% | 0.09% | −0.03 |
| CI The Cigna Group | Reduce -0.1% | 0.12% | −0.03 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -1.1% | 0.23% | −0.03 |
| NEM Newmont Corp. | Reduce -0.6% | 0.07% | −0.03 |
| TPL Texas Pacific Land Corp. | Reduce -57.0% | 0.03% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.0% | 0.16% | −0.03 |
| NKE Nike Inc. Class B | Reduce -0.7% | 0.14% | −0.03 |
| CAT Caterpillar Inc. | Reduce -0.3% | 0.28% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.3% | 0.22% | −0.03 |
| ZTS Zoetis Inc. | Reduce -0.4% | 0.12% | −0.03 |
| DHI D.R. Horton Inc. | Reduce -0.4% | 0.06% | −0.03 |
| LRCX Lam Research Corp. | Reduce -1.9% | 0.15% | −0.03 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.02 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.02 |
| UNP Union Pacific Corp. | Reduce -0.3% | 0.22% | −0.02 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −0.02 |
| LEN Lennar Corp. Class A | Reduce -1.0% | 0.05% | −0.02 |
| CVX Chevron Corp. | Reduce -1.6% | 0.38% | −0.02 |
| CARR Carrier Global Corp. | Reduce -0.4% | 0.09% | −0.02 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.02 |
| TGT Target Corp. | Reduce -0.4% | 0.10% | −0.02 |
| CSL Carlisle Cos Inc. | Reduce -2.6% | 0.06% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -4.1% | 0.07% | −0.02 |
| SPGI S&P Global Inc. | Reduce -0.7% | 0.25% | −0.02 |
| THC Tenet Healthcare Corp. | Reduce -0.8% | 0.04% | −0.02 |
| WING Wingstop Inc. | Reduce -0.3% | 0.03% | −0.02 |
| CNC Centene Corp. | Reduce -3.8% | 0.05% | −0.02 |
| NOC Northrop Grumman Corp. | Reduce -0.1% | 0.10% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -0.2% | 0.08% | −0.01 |
| UPS United Parcel Service Class B | Reduce -0.0% | 0.15% | −0.01 |
| TMDX Transmedics Group Inc. | Reduce -0.2% | 0.01% | −0.01 |
| ENV Envestnet Inc. | Sold out | 0.00% | −0.01 |
| NUE Nucor Corp. | Reduce -0.7% | 0.04% | −0.01 |
| URI United Rentals Inc. | Reduce -1.6% | 0.07% | −0.01 |
| PSX Phillips 66 | Reduce -1.0% | 0.07% | −0.01 |
| TOL Toll Brothers Inc. | Reduce -1.4% | 0.05% | −0.01 |
| PHM Pultegroup Inc. | Reduce -1.0% | 0.04% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| TSLA Tesla Inc. | Add +0.8% | 1.78% | +0.61 |
| AMZN Amazon.com Inc. | Add +0.3% | 3.24% | +0.45 |
| AVGO Broadcom Inc. | Add +0.5% | 1.71% | +0.42 |
| V Visa Inc. Class A | Add +3.6% | 0.86% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | Add +2.0% | 0.24% | +0.12 |
| APO Apollo Global Management Inc. | New | 0.12% | +0.12 |
| WDAY Workday Inc. Class A | New | 0.09% | +0.09 |
| DOCU Docusign Inc. | New | 0.07% | +0.07 |
| BA The Boeing Co. | Add +27.9% | 0.21% | +0.07 |
| WMT Walmart Inc. | Add +0.1% | 0.62% | +0.06 |
| FLEX Flex Ltd. | New | 0.06% | +0.06 |
| NOW ServiceNow Inc. | Add +0.2% | 0.34% | +0.05 |
| EXE Expand Energy Corp. | Add +73.1% | 0.08% | +0.04 |
| DIS The Walt Disney Co. | Add +0.0% | 0.32% | +0.04 |
| GEV GE Vernova Inc. | Add +0.7% | 0.14% | +0.03 |
| BILL Bill Holdings Inc. | New | 0.03% | +0.03 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.03% | +0.03 |
| TRNO Terreno Realty Corp. | New | 0.03% | +0.03 |
| SMCI Super Micro Computer Inc. | New | 0.02% | +0.02 |
| BLK BlackRock Inc. | Add +4.9% | 0.24% | +0.02 |
| RCL Royal Caribbean Cruises Ltd. | Add +4.3% | 0.09% | +0.02 |
| AXON Axon Enterprise Inc. | Add +1.7% | 0.07% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.0% | 0.13% | +0.02 |
| ANET Arista Networks Inc. | Add +0.5% | 0.18% | +0.02 |
| CHWY Chewy Inc. Class A | New | 0.02% | +0.02 |
| SKY Champion Homes Inc. | New | 0.02% | +0.02 |
| HIMS Hims & Hers Health Inc. | New | 0.02% | +0.02 |
| BX Blackstone Inc. | Add +0.5% | 0.20% | +0.02 |
| JNPR Juniper Networks Inc. | New | 0.02% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +0.2% | 0.17% | +0.02 |
| KKR KKR & Co. Inc. | Add +0.3% | 0.16% | +0.02 |
| HON Honeywell International Inc. | Add +0.1% | 0.23% | +0.02 |
| FTNT Fortinet Inc. | Add +0.4% | 0.09% | +0.02 |
| COF Capital One Financial Corp. | Add +0.1% | 0.11% | +0.02 |
| KMI Kinder Morgan Inc. | Add +0.3% | 0.08% | +0.02 |
| AAL American Airlines Group Inc. | Add +0.6% | 0.04% | +0.01 |
| WMB Williams Cos Inc. | Add +0.1% | 0.10% | +0.01 |
| GILD Gilead Sciences Inc. | Add +0.2% | 0.18% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +0.7% | 0.29% | +0.01 |
| GME Gamestop Corp. Class A | Add +5.3% | 0.05% | +0.01 |
| AJG Arthur J Gallagher & Co. | Add +14.5% | 0.11% | +0.01 |
| QRVO Qorvo Inc. | Add +173.9% | 0.03% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +0.3% | 0.18% | +0.01 |
| P Everpure Inc. Class A | Add +1.3% | 0.07% | +0.01 |
| DFS Discover Financial Services | Add +0.5% | 0.07% | +0.01 |
| CIEN Ciena Corp. | Add +0.3% | 0.05% | +0.01 |
| CDNS Cadence Design SYS Inc. | Add +0.4% | 0.13% | +0.01 |
| CRGY Crescent Energy Inc. Class A | New | 0.01% | +0.01 |
| CCL Carnival Corp. | Add +3.0% | 0.04% | +0.01 |
| ALK Alaska Air Group Inc. | Add +0.5% | 0.04% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,509 | $9.3B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 1,510 | $7.6B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 1,510 | $7.9B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 1,510 | $7.7B | NVDA, MSFT, AAPL, AMZN, OBDC |
| Q2 2025 | 1,509 | $5.7B | NVDA, MSFT, AAPL, OBDC, AMZN |
| Q1 2025 | 1,509 | $5.2B | AAPL, MSFT, OBDC, NVDA, AMZN |
| Q4 2024 | 1,509 | $5.4B | AAPL, NVDA, MSFT, AMZN, OBDE |
| Q3 2024 | 1,511 | $5.3B | AAPL, MSFT, NVDA, OBDE, AMZN |
| Q2 2024 | 1,511 | $5.1B | MSFT, NVDA, AAPL, OBDE, AMZN |
| Q1 2024 | 1,511 | $5.0B | MSFT, AAPL, NVDA, OBDE, AMZN |