Oregon Public Employees Retirement Fund
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Oregon Public Employees Retirement Fund reported 1,509 stock positions worth $5.2 billion. Its top holding was Apple (AAPL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 4.6%) and Blue Owl Capital (OBDC, 4.6%). Compared with Q4 2024, it opened 17 new positions, sold out of 19, added to 462 and reduced 864. The biggest buy was Blue Owl Capital (OBDC, shares +222%) and the biggest sale an exit from Blue Owl Capital Corp. III (OBDE).
- Most Recent 13F
- Q2 2026
- Location
- TIGARD, OR
- CIK
- 0001107314
- Portfolio Value
- $5.2B (Q1 2025)
- SEC Filing
- 0001213900-25-036095 ↗ filed Apr 28, 2025
Holdings Value
Holdings 1,509 stocks · $5.2B
| AAPL Apple Inc. | 5.53% | 1,290,097 | $286.6M | Reduce -0.5% |
| MSFT Microsoft Corp. | 4.63% | 638,382 | $239.6M | Add +0.2% |
| OBDC Blue Owl Capital Corp. | 4.56% | 16,098,695 | $236.0M | Add +222.0% |
| NVDA Nvidia Corp. | 4.40% | 2,103,079 | $227.9M | Add +0.0% |
| AMZN Amazon.com Inc. | 2.97% | 809,970 | $154.1M | Add +0.9% |
| META Meta Platforms Inc. Class A | 2.09% | 188,228 | $108.5M | Add +0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.62% | 157,733 | $84.0M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 1.50% | 501,057 | $77.5M | Add +0.0% |
| AVGO Broadcom Inc. | 1.30% | 402,347 | $67.4M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 1.22% | 406,059 | $63.4M | Reduce -0.5% |
| TSLA Tesla Inc. | 1.20% | 240,451 | $62.3M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 1.14% | 240,200 | $58.9M | Reduce -0.5% |
| LLY Eli Lilly & Co. | 1.08% | 67,713 | $55.9M | Add +0.2% |
| V Visa Inc. Class A | 1.00% | 148,144 | $51.9M | Reduce -0.0% |
| XOM Exxon Mobil Corp. | 0.86% | 374,347 | $44.5M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 0.80% | 79,068 | $41.4M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.74% | 70,017 | $38.4M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 0.70% | 38,221 | $36.1M | Add +0.6% |
| PG The Procter & Gamble Co. | 0.66% | 201,517 | $34.3M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.66% | 206,829 | $34.3M | Add +0.2% |
| NFLX Netflix Inc. | 0.66% | 36,780 | $34.3M | Add +0.4% |
| WMT Walmart Inc. | 0.63% | 372,796 | $32.7M | Add +0.2% |
| ABBV Abbvie Inc. | 0.61% | 151,636 | $31.8M | Add +0.1% |
| HD Home Depot Inc. | 0.60% | 85,434 | $31.3M | Add +0.3% |
| CVX Chevron Corp. | 0.46% | 143,914 | $24.1M | Add +0.5% |
| KO The Coca-Cola Co. | 0.46% | 332,695 | $23.8M | Add +0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 568,852 | $23.7M | Reduce -0.6% |
| CRM Salesforce Inc. | 0.43% | 82,134 | $22.0M | Add +0.2% |
| PM Philip Morris International | 0.41% | 133,596 | $21.2M | Add +0.2% |
| CSCO Cisco Systems Inc. | 0.41% | 342,111 | $21.1M | Add +0.1% |
| WFC Wells Fargo & Co. | 0.39% | 282,581 | $20.3M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.38% | 148,990 | $19.8M | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 79,437 | $19.8M | Add +0.2% |
| MRK Merck & Co. Inc. | 0.38% | 217,371 | $19.5M | Add +0.2% |
| ORCL Oracle Corp. | 0.38% | 139,313 | $19.5M | Add +1.1% |
| MCD McDonald's Corp. | 0.37% | 61,578 | $19.2M | Add +0.2% |
| LIN Linde PLC | 0.37% | 40,951 | $19.1M | Add +0.3% |
| GE General Electric filed as GE AEROSPACE | 0.36% | 92,236 | $18.5M | Reduce -0.6% |
| PEP Pepsico Inc. | 0.34% | 117,901 | $17.7M | Add +0.2% |
| T AT&T Inc. | 0.34% | 618,474 | $17.5M | Add +0.6% |
| ACN Accenture PLC Class A | 0.32% | 53,700 | $16.8M | Add +0.2% |
| VZ Verizon Communications Inc. | 0.32% | 362,772 | $16.5M | Add +0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.32% | 32,822 | $16.3M | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 155,264 | $15.3M | Reduce -0.0% |
| ISRG Intuitive Surgical Inc. | 0.29% | 30,671 | $15.2M | Add +0.5% |
| RTX RTX Corp. | 0.29% | 114,392 | $15.2M | Add +0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.29% | 176,055 | $14.9M | Add +0.2% |
| INTU Intuit Inc. | 0.29% | 24,052 | $14.8M | Add +0.1% |
| GS Goldman Sachs Group Inc. | 0.28% | 26,830 | $14.7M | Reduce -0.3% |
| QCOM Qualcomm Inc. | 0.28% | 95,015 | $14.6M | Reduce -0.3% |
| AMGN Amgen Inc. | 0.28% | 46,118 | $14.4M | Add +0.1% |
| ADBE Adobe Inc. | 0.28% | 37,366 | $14.3M | Reduce -1.0% |
| AMD Advanced Micro Devices | 0.28% | 139,236 | $14.3M | Add +0.1% |
| PGR Progressive Corp. | 0.28% | 50,358 | $14.3M | Add +0.3% |
| NOW ServiceNow Inc. | 0.27% | 17,677 | $14.1M | Add +0.1% |
| TXN Texas Instruments Inc. | 0.27% | 78,164 | $14.0M | Reduce -0.1% |
| SPGI S&P Global Inc. | 0.27% | 27,037 | $13.7M | Reduce -0.7% |
| CAT Caterpillar Inc. | 0.26% | 41,029 | $13.5M | Reduce -0.9% |
| BKNG Booking Holdings Inc. | 0.25% | 2,840 | $13.1M | Reduce -0.1% |
| UBER Uber Technologies Inc. | 0.25% | 179,453 | $13.1M | Reduce -0.6% |
| AXP American Express Co. | 0.25% | 47,645 | $12.8M | Reduce -0.1% |
| BSX Boston Scientific Corp. | 0.25% | 126,639 | $12.8M | Add +0.2% |
| NEE Nextera Energy Inc. | 0.24% | 176,667 | $12.5M | Add +0.2% |
| MS Morgan Stanley | 0.24% | 106,335 | $12.4M | Reduce -0.0% |
| PFE Pfizer Inc. | 0.24% | 486,809 | $12.3M | Add +0.2% |
| UNP Union Pacific Corp. | 0.24% | 51,903 | $12.3M | Reduce -0.1% |
| GILD Gilead Sciences Inc. | 0.23% | 107,041 | $12.0M | Add +0.2% |
| CMCSA Comcast Corp. Class A | 0.23% | 324,031 | $12.0M | Reduce -1.0% |
| HON Honeywell International Inc. | 0.23% | 55,876 | $11.8M | Add +0.2% |
| BLK BlackRock Inc. | 0.23% | 12,490 | $11.8M | Add +0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 96,613 | $11.8M | Reduce -0.0% |
| COP Conocophillips | 0.22% | 110,145 | $11.6M | Reduce -0.7% |
| SCHW Schwab (charles) Corp. | 0.22% | 146,392 | $11.5M | Add +14.3% |
| C Citigroup Inc. | 0.22% | 161,241 | $11.4M | Reduce -0.6% |
| LOW Lowe's Cos Inc. | 0.22% | 48,467 | $11.3M | Reduce -0.3% |
| DHR Danaher Corp. | 0.22% | 54,937 | $11.3M | Reduce -0.3% |
| BA The Boeing Co. | 0.21% | 64,751 | $11.0M | Add +1.0% |
| SYK Stryker Corp. | 0.21% | 29,525 | $11.0M | Add +0.4% |
| TMUS T-Mobile US Inc. | 0.21% | 41,205 | $11.0M | Reduce -1.3% |
| CHKP Check Point Software Tech | 0.21% | 47,784 | $10.9M | Reduce -25.7% |
| FISV Fiserv Inc. | 0.21% | 48,919 | $10.8M | Add +0.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.21% | 22,084 | $10.7M | Add +0.1% |
| ADP Automatic Data Processing | 0.21% | 34,955 | $10.7M | Add +0.1% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 174,297 | $10.6M | Add +0.2% |
| MRSH Marsh & McLennan Cos | 0.20% | 42,243 | $10.3M | Add +0.3% |
| DE Deere & Co. | 0.20% | 21,731 | $10.2M | Reduce -0.4% |
| AMAT Applied Materials Inc. | 0.20% | 69,816 | $10.1M | Reduce -1.2% |
| MDT Medtronic PLC | 0.19% | 110,107 | $9.9M | Add +0.1% |
| PANW Palo Alto Networks Inc. | 0.19% | 56,863 | $9.7M | Add +1.4% |
| CB Chubb Ltd. | 0.19% | 32,029 | $9.7M | Reduce -0.3% |
| SBUX Starbucks Corp. | 0.18% | 97,565 | $9.6M | Add +0.5% |
| ETN Eaton Corp. PLC | 0.18% | 33,911 | $9.2M | Add +0.2% |
| PLD Prologis Inc. | 0.17% | 79,622 | $8.9M | Add +0.3% |
| BX Blackstone Inc. | 0.17% | 62,845 | $8.8M | Add +1.5% |
| AMT American Tower Corp. | 0.17% | 40,191 | $8.7M | Add +0.3% |
| MO Altria Group Inc. | 0.17% | 145,589 | $8.7M | Add +0.2% |
| SO The Southern Co. | 0.17% | 94,170 | $8.7M | Add +0.3% |
| ELV Elevance Health Inc. | 0.17% | 19,889 | $8.7M | Add +0.1% |
| ADI Analog Devices Inc. | 0.17% | 42,604 | $8.6M | Add +0.1% |
| ICE Intercontinental Exchange Inc. | 0.17% | 49,655 | $8.6M | Add +0.9% |
Portfolio Sells Q4 2024 → Q1 2025
| OBDE Blue Owl Capital Corp. III | Sold out | 0.00% | −3.13 |
| AAPL Apple Inc. | Reduce -0.5% | 5.53% | −0.44 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 1.22% | −0.20 |
| WSM Williams-Sonoma Inc. | Reduce -58.8% | 0.03% | −0.06 |
| EXE Expand Energy Corp. | Reduce -56.8% | 0.04% | −0.04 |
| ADBE Adobe Inc. | Reduce -1.0% | 0.28% | −0.03 |
| ILMN Illumina Inc. | Reduce -0.8% | 0.05% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -1.2% | 0.11% | −0.03 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.02 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.02 |
| DIS The Walt Disney Co. | Reduce -0.0% | 0.30% | −0.02 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.02 |
| SRPT Sarepta Therapeutics Inc. | Reduce -0.5% | 0.02% | −0.02 |
| TGT Target Corp. | Reduce -0.2% | 0.08% | −0.02 |
| TKO Tko Group Holdings Inc. | Reduce -57.9% | 0.02% | −0.02 |
| NKE Nike Inc. Class B | Reduce -0.6% | 0.12% | −0.02 |
| P Everpure Inc. Class A | Reduce -0.7% | 0.05% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.3% | 0.11% | −0.02 |
| AAL American Airlines Group Inc. | Reduce -0.2% | 0.03% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -1.2% | 0.20% | −0.02 |
| COHR Coherent Corp. | Reduce -0.4% | 0.04% | −0.02 |
| DHR Danaher Corp. | Reduce -0.3% | 0.22% | −0.02 |
| CAT Caterpillar Inc. | Reduce -0.9% | 0.26% | −0.01 |
| SRE Sempra | Reduce -2.7% | 0.07% | −0.01 |
| GM General Motors Co. | Reduce -9.3% | 0.08% | −0.01 |
| ON On Semiconductor | Reduce -1.0% | 0.03% | −0.01 |
| JEF Jefferies Financial Group Inc. | Reduce -0.3% | 0.03% | −0.01 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -1.0% | 0.02% | −0.01 |
| BILL Bill Holdings Inc. | Reduce -2.1% | 0.02% | −0.01 |
| AXP American Express Co. | Reduce -0.1% | 0.25% | −0.01 |
| CIEN Ciena Corp. | Reduce -1.7% | 0.03% | −0.01 |
| GME Gamestop Corp. Class A | Reduce -0.1% | 0.04% | −0.01 |
| ALK Alaska Air Group Inc. | Reduce -16.5% | 0.02% | −0.01 |
| EME Emcor Group Inc. | Reduce -0.7% | 0.07% | −0.01 |
| GKOS Glaukos Corp. | Reduce -2.7% | 0.02% | −0.01 |
| FIX Comfort Systems USA Inc. | Reduce -0.1% | 0.04% | −0.01 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.01 |
| NARI Inari Medical Inc. | Sold out | 0.00% | −0.01 |
| VFC VF Corp. | Reduce -15.8% | 0.02% | −0.01 |
| BBWI Bath & Body Works Inc. | Reduce -14.6% | 0.03% | −0.01 |
| MAR Marriott International Class A | Reduce -0.3% | 0.09% | −0.01 |
| CHKP Check Point Software Tech | Reduce -25.7% | 0.21% | −0.01 |
| AVTR Avantor Inc. | Reduce -0.1% | 0.04% | −0.01 |
| FDX FedEx Corp. | Reduce -1.0% | 0.09% | −0.01 |
| ROIC Retail Opportunity Investmen | Sold out | 0.00% | −0.01 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.01 |
| BARNES GROUP INC | Sold out | 0.00% | −0.01 |
| SMTC Semtech Corp. | Reduce -0.5% | 0.01% | −0.01 |
| EVR Evercore Inc. Class A | Reduce -0.7% | 0.03% | −0.01 |
| ROST Ross Stores Inc. | Reduce -0.3% | 0.07% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| OBDC Blue Owl Capital Corp. | Add +222.0% | 4.56% | +3.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.4% | 1.62% | +0.31 |
| LLY Eli Lilly & Co. | Add +0.2% | 1.08% | +0.12 |
| ABBV Abbvie Inc. | Add +0.1% | 0.61% | +0.12 |
| PM Philip Morris International | Add +0.2% | 0.41% | +0.11 |
| JNJ Johnson & Johnson | Add +0.2% | 0.66% | +0.11 |
| DASH DoorDash Inc. Class A | New | 0.10% | +0.10 |
| CVX Chevron Corp. | Add +0.5% | 0.46% | +0.08 |
| META Meta Platforms Inc. Class A | Add +0.7% | 2.09% | +0.08 |
| T AT&T Inc. | Add +0.6% | 0.34% | +0.08 |
| KO The Coca-Cola Co. | Add +0.1% | 0.46% | +0.08 |
| ABT Abbott Laboratories | Add +0.2% | 0.38% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +0.2% | 0.80% | +0.07 |
| GWRE Guidewire Software Inc. | New | 0.06% | +0.06 |
| NFLX Netflix Inc. | Add +0.4% | 0.66% | +0.06 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.38% | +0.06 |
| COST Costco Wholesale Corp. | Add +0.6% | 0.70% | +0.06 |
| AMGN Amgen Inc. | Add +0.1% | 0.28% | +0.06 |
| PGR Progressive Corp. | Add +0.3% | 0.28% | +0.05 |
| LIN Linde PLC | Add +0.3% | 0.37% | +0.05 |
| CVS CVS Health Corp. | Add +0.4% | 0.14% | +0.05 |
| VZ Verizon Communications Inc. | Add +0.5% | 0.32% | +0.05 |
| ENTG Entegris Inc. | New | 0.05% | +0.05 |
| GILD Gilead Sciences Inc. | Add +0.2% | 0.23% | +0.05 |
| RTX RTX Corp. | Add +0.2% | 0.29% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +14.3% | 0.22% | +0.05 |
| MCD McDonald's Corp. | Add +0.2% | 0.37% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.1% | 0.21% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +0.2% | 0.29% | +0.04 |
| BSX Boston Scientific Corp. | Add +0.2% | 0.25% | +0.04 |
| WELL Welltower Inc. | Add +3.2% | 0.15% | +0.04 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.41% | +0.04 |
| ACI Albertsons Cos Inc. Class A | New | 0.04% | +0.04 |
| AJG Arthur J Gallagher & Co. | Add +3.0% | 0.15% | +0.04 |
| MRSH Marsh & McLennan Cos | Add +0.3% | 0.20% | +0.03 |
| AMT American Tower Corp. | Add +0.3% | 0.17% | +0.03 |
| ELV Elevance Health Inc. | Add +0.1% | 0.17% | +0.03 |
| ICE Intercontinental Exchange Inc. | Add +0.9% | 0.17% | +0.03 |
| MDT Medtronic PLC | Add +0.1% | 0.19% | +0.03 |
| MO Altria Group Inc. | Add +0.2% | 0.17% | +0.03 |
| CME Cme Group Inc. | Add +1.0% | 0.16% | +0.03 |
| CAVA Cava Group Inc. | New | 0.03% | +0.03 |
| INTC Intel Corp. | Add +0.6% | 0.16% | +0.03 |
| DUK Duke Energy Corp. | Add +0.7% | 0.16% | +0.03 |
| CART Maplebear Inc. | New | 0.03% | +0.03 |
| NEM Newmont Corp. | Add +1.0% | 0.09% | +0.03 |
| SO The Southern Co. | Add +0.3% | 0.17% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +0.2% | 0.21% | +0.02 |
| FISV Fiserv Inc. | Add +0.3% | 0.21% | +0.02 |
| WM Waste Management Inc. | Add +0.4% | 0.14% | +0.02 |
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 |