Oregon Public Employees Retirement Fund

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Oregon Public Employees Retirement Fund reported 1,510 stock positions worth $7.6 billion. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Apple (AAPL, 5.6%) and Microsoft (MSFT, 4.2%). Compared with Q4 2025, it opened 23 new positions, sold out of 24, added to 673 and reduced 432. The biggest buy was Johnson & Johnson (JNJ, shares +0%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
TIGARD, OR
CIK
0001107314
Portfolio Value
$7.6B (Q1 2026)
SEC Filing
0001213900-26-049261 ↗ filed Apr 29, 2026

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $5.0B Q1 2024 Q2 2024: $5.1B Q2 2024 Q3 2024: $5.3B Q3 2024 Q4 2024: $5.4B Q4 2024 Q1 2025: $5.2B Q1 2025 Q2 2025: $5.7B Q2 2025 Q3 2025: $7.7B Q3 2025 Q4 2025: $7.9B Q4 2025 Q1 2026: $7.6B $7.6B Q1 2026 Q2 2026: $9.3B Q2 2026

Holdings 1,510 stocks · $7.6B
NVDA Nvidia Corp. 6.41% 2,782,503 $485.3M Reduce -0.0%
AAPL Apple Inc. 5.63% 1,681,007 $426.6M Reduce -0.7%
MSFT Microsoft Corp. 4.15% 850,323 $314.8M Reduce -0.1%
AMZN Amazon.com Inc. 3.08% 1,118,619 $233.0M Add +0.4%
GOOGL Alphabet Inc. Class A 2.53% 666,638 $191.7M Add +0.1%
AVGO Broadcom Inc. 2.22% 542,892 $168.0M Add +0.4%
OBDC Blue Owl Capital Corp. 2.19% 14,968,973 $165.6M No change
GOOG Alphabet Inc. Class C 2.03% 535,483 $153.6M Add +0.6%
META Meta Platforms Inc. Class A 1.89% 250,396 $143.3M Add +0.4%
TSLA Tesla Inc. 1.58% 322,050 $119.7M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 1.33% 209,983 $100.6M No change
JPM JPMorgan Chase & Co. 1.20% 308,772 $90.8M Reduce -0.9%
LLY Eli Lilly & Co. 1.10% 90,724 $83.4M Reduce -0.2%
XOM Exxon Mobil Corp. 1.07% 478,500 $81.2M Reduce -0.9%
JNJ Johnson & Johnson 0.89% 276,030 $67.5M Add +0.0%
WMT Walmart Inc. 0.82% 501,980 $62.4M Reduce -0.0%
V Visa Inc. Class A 0.77% 192,554 $58.2M Reduce -0.4%
COST Costco Wholesale Corp. 0.67% 50,882 $50.7M Add +0.2%
MA Mastercard Inc. Class A 0.62% 93,300 $46.6M Reduce -0.6%
NFLX Netflix Inc. 0.61% 483,546 $46.5M Reduce -0.4%
CVX Chevron Corp. 0.59% 214,624 $44.4M Reduce -1.0%
ABBV Abbvie Inc. 0.58% 202,376 $44.0M Reduce -0.0%
MU Micron Technology Inc. 0.57% 128,871 $43.5M Add +0.2%
PG The Procter & Gamble Co. 0.51% 266,221 $38.5M Reduce -0.5%
PLTR Palantir Technologies Inc. Class A 0.51% 261,531 $38.3M Reduce -0.0%
AMD Advanced Micro Devices 0.50% 186,687 $38.0M Add +0.1%
CAT Caterpillar Inc. 0.50% 53,329 $37.8M Reduce -0.4%
HD Home Depot Inc. 0.49% 113,928 $37.5M Reduce -0.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.49% 759,936 $37.0M Reduce -1.2%
CSCO Cisco Systems Inc. 0.46% 452,421 $35.1M Add +0.2%
MRK Merck & Co. Inc. 0.45% 284,228 $34.2M No change
GE General Electric filed as GE AEROSPACE 0.45% 120,113 $34.1M Reduce -0.6%
KO The Coca-Cola Co. 0.45% 443,294 $33.7M Reduce -0.0%
AMAT Applied Materials Inc. 0.41% 90,906 $31.1M Reduce -0.3%
LRCX Lam Research Corp. 0.40% 142,986 $30.6M Reduce -0.6%
RTX RTX Corp. 0.39% 153,707 $29.7M Add +0.1%
PM Philip Morris International 0.39% 178,237 $29.5M No change
GS Goldman Sachs Group Inc. 0.38% 34,379 $29.1M Add +0.2%
ORCL Oracle Corp. 0.38% 194,175 $28.6M Add +0.8%
WFC Wells Fargo & Co. 0.37% 354,151 $28.2M Reduce -1.5%
UNH Unitedhealth Group Inc. 0.37% 103,639 $28.0M Reduce -0.1%
GEV GE Vernova Inc. 0.36% 30,897 $27.0M Reduce -0.5%
LIN Linde PLC 0.35% 53,524 $26.5M Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.34% 106,994 $25.9M Reduce -0.1%
MCD McDonald's Corp. 0.33% 81,576 $25.4M No change
PEP Pepsico Inc. 0.32% 156,504 $24.3M Reduce -0.1%
VZ Verizon Communications Inc. 0.32% 482,905 $24.2M No change
INTC Intel Corp. 0.31% 537,662 $23.7M Add +4.7%
T AT&T Inc. 0.31% 801,727 $23.2M Reduce -1.3%
C Citigroup Inc. 0.30% 200,184 $22.7M Reduce -2.3%
MS Morgan Stanley 0.30% 137,841 $22.7M Reduce -0.4%
NEE Nextera Energy Inc. 0.29% 238,505 $22.2M Reduce -0.0%
KLAC KLA Corp. 0.29% 15,009 $22.1M Reduce -0.3%
AMGN Amgen Inc. 0.29% 61,602 $21.7M Reduce -0.1%
TMO Thermo Fisher Scientific Inc. 0.28% 43,065 $21.2M Add +0.2%
ABT Abbott Laboratories 0.27% 199,138 $20.4M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.27% 127,071 $20.3M Reduce -0.3%
TXN Texas Instruments Inc. 0.27% 103,942 $20.2M Reduce -0.1%
CRM Salesforce Inc. 0.26% 107,288 $20.0M Reduce -1.6%
GILD Gilead Sciences Inc. 0.26% 141,963 $19.8M Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.26% 202,845 $19.6M Reduce -0.8%
ISRG Intuitive Surgical Inc. 0.25% 40,628 $18.7M No change
AXP American Express Co. 0.24% 61,360 $18.6M Reduce -0.3%
COP Conocophillips 0.24% 140,305 $18.5M Reduce -0.9%
PFE Pfizer Inc. 0.24% 651,047 $18.3M Reduce -0.0%
SCHW Schwab (charles) Corp. 0.24% 191,318 $18.0M No change
BA The Boeing Co. 0.24% 89,955 $17.9M Add +0.3%
ADI Analog Devices Inc. 0.24% 55,994 $17.8M Reduce -0.5%
APH Amphenol Corp. Class A 0.23% 140,669 $17.8M Add +0.3%
UBER Uber Technologies Inc. 0.22% 235,712 $17.0M Reduce -1.0%
UNP Union Pacific Corp. 0.22% 68,015 $16.5M Add +0.1%
HON Honeywell International Inc. 0.22% 72,665 $16.4M No change
DE Deere & Co. 0.21% 28,916 $16.3M Add +0.4%
ETN Eaton Corp. PLC 0.21% 44,509 $15.9M Add +0.1%
BLK BlackRock Inc. 0.21% 16,540 $15.9M Add +0.3%
WELL Welltower Inc. 0.21% 79,935 $15.8M Add +1.6%
QCOM Qualcomm Inc. 0.21% 122,074 $15.7M Reduce -0.5%
BKNG Booking Holdings Inc. 0.21% 3,693 $15.5M Add +0.1%
LOW Lowe's Cos Inc. 0.20% 64,182 $15.2M Reduce -0.1%
SPGI S&P Global Inc. 0.20% 35,035 $14.9M Reduce -1.4%
PANW Palo Alto Networks Inc. 0.20% 92,525 $14.8M Add +18.1%
ANET Arista Networks Inc. 0.19% 118,208 $14.5M Reduce -0.1%
BMY Bristol-Myers Squibb Co. 0.19% 233,205 $14.1M Reduce -0.0%
PLD Prologis Inc. 0.19% 106,362 $14.1M Add +0.1%
LMT Lockheed Martin Corp. 0.19% 23,240 $14.0M Reduce -0.3%
ACN Accenture PLC Class A 0.18% 70,385 $14.0M Reduce -0.8%
INTU Intuit Inc. 0.18% 31,849 $13.8M Reduce -0.2%
DHR Danaher Corp. 0.18% 71,961 $13.6M Add +0.0%
CB Chubb Ltd. 0.18% 41,652 $13.6M Reduce -0.6%
NEM Newmont Corp. 0.18% 124,979 $13.5M Reduce -0.0%
PGR Progressive Corp. 0.18% 67,114 $13.3M Reduce -0.0%
COF Capital One Financial Corp. 0.17% 71,637 $13.1M Reduce -1.6%
VRTX Vertex Pharmaceuticals Inc. 0.17% 29,083 $13.0M Add +0.1%
SYK Stryker Corp. 0.17% 39,433 $13.0M Add +0.1%
PH Parker Hannifin Corp. 0.17% 14,462 $12.9M Add +0.2%
MDT Medtronic PLC 0.17% 146,695 $12.7M Reduce -0.1%
MO Altria Group Inc. 0.17% 192,205 $12.7M No change
NOW ServiceNow Inc. 0.17% 119,725 $12.5M Add +0.8%
APP AppLovin Corp. Class A 0.16% 31,024 $12.3M Add +0.1%
CME Cme Group Inc. 0.16% 41,334 $12.2M Add +0.1%

Show all 1,510 holdings

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -0.1% 4.15% −1.08
AAPL Apple Inc. Reduce -0.7% 5.63% −0.22
NVDA Nvidia Corp. Reduce -0.0% 6.41% −0.19
LLY Eli Lilly & Co. Reduce -0.2% 1.10% −0.14
CRM Salesforce Inc. Reduce -1.6% 0.26% −0.10
V Visa Inc. Class A Reduce -0.4% 0.77% −0.09
INTU Intuit Inc. Reduce -0.2% 0.18% −0.09
PLTR Palantir Technologies Inc. Class A Reduce -0.0% 0.51% −0.09
JPM JPMorgan Chase & Co. Reduce -0.9% 1.20% −0.08
CHKP Check Point Software Tech Reduce -47.1% 0.05% −0.07
MA Mastercard Inc. Class A Reduce -0.6% 0.62% −0.07
UNH Unitedhealth Group Inc. Reduce -0.1% 0.37% −0.07
ADBE Adobe Inc. Reduce -2.1% 0.15% −0.06
IBM Intl Business Machines Corp. Reduce -0.1% 0.34% −0.06
QCOM Qualcomm Inc. Reduce -0.5% 0.21% −0.06
ACN Accenture PLC Class A Reduce -0.8% 0.18% −0.06
WFC Wells Fargo & Co. Reduce -1.5% 0.37% −0.05
COF Capital One Financial Corp. Reduce -1.6% 0.17% −0.05
BAC Bank of America Corp. Reduce -1.2% 0.49% −0.05
AXP American Express Co. Reduce -0.3% 0.24% −0.04
SPGI S&P Global Inc. Reduce -1.4% 0.20% −0.04
DASH DoorDash Inc. Class A Reduce -0.1% 0.08% −0.04
DIS The Walt Disney Co. Reduce -0.8% 0.26% −0.04
PNFP Pinnacle Financial Partners Sold out 0.00% −0.04
CEG Constellation Energy Reduce -0.2% 0.13% −0.03
CMA Comerica Inc. Sold out 0.00% −0.03
ADP Automatic Data Processing Reduce -0.4% 0.12% −0.03
WDAY Workday Inc. Class A Reduce -1.8% 0.04% −0.03
FYBR Frontier Communications Pare Sold out 0.00% −0.02
UBER Uber Technologies Inc. Reduce -1.0% 0.22% −0.02
GE General Electric Reduce -0.6% 0.45% −0.02
FICO Fair Isaac Corp. Reduce -1.1% 0.04% −0.02
CADE Cadence Bank Sold out 0.00% −0.02
CVNA Carvana Co. Reduce -0.0% 0.07% −0.02
PGR Progressive Corp. Reduce -0.0% 0.18% −0.02
PYPL PayPal Holdings Inc. Reduce -1.6% 0.06% −0.02
COIN Coinbase Global Inc. Class A Reduce -2.2% 0.06% −0.02
DAY Dayforce Inc. Sold out 0.00% −0.02
ELV Elevance Health Inc. Reduce -0.8% 0.10% −0.02
ADSK Autodesk Inc. Reduce -0.5% 0.08% −0.02
CTSH Cognizant Tech Solutions-A Reduce -0.9% 0.04% −0.01
BDX Becton Dickinson and Co. Reduce -0.8% 0.07% −0.01
ECHO Echostar Corp. Class A Reduce -42.8% 0.02% −0.01
MS Morgan Stanley Reduce -0.4% 0.30% −0.01
ROP Roper Technologies Inc. Reduce -0.6% 0.06% −0.01
IQV Iqvia Holdings Inc. Reduce -0.3% 0.04% −0.01
MDT Medtronic PLC Reduce -0.1% 0.17% −0.01
IDXX Idexx Laboratories Inc. Reduce -0.1% 0.07% −0.01
IT Gartner Inc. Reduce -2.4% 0.02% −0.01
CBRE CBRE Group Inc. Class A Reduce -0.9% 0.06% −0.01

Portfolio Buys Q4 2025 → Q1 2026
JNJ Johnson & Johnson Add +0.0% 0.89% +0.16
VRT Vertiv Holdings Co. Class A New 0.14% +0.14
COST Costco Wholesale Corp. Add +0.2% 0.67% +0.11
MU Micron Technology Inc. Add +0.2% 0.57% +0.11
SNDK Sandisk Corp. Add +6.3% 0.14% +0.09
INTC Intel Corp. Add +4.7% 0.31% +0.07
GLW Corning Inc. Add +0.1% 0.16% +0.06
LIN Linde PLC Add +0.1% 0.35% +0.06
DE Deere & Co. Add +0.4% 0.21% +0.04
STX Seagate Technology Holdings Add +0.1% 0.13% +0.04
VLO Valero Energy Corp. Add +0.1% 0.11% +0.04
EQIX Equinix Inc. Add +0.4% 0.15% +0.04
EOG EOG Resources Inc. Add +0.2% 0.12% +0.04
PNFP Pinnacle Financial Partners New 0.04% +0.04
RTX RTX Corp. Add +0.1% 0.39% +0.03
PWR Quanta Services Inc. Add +0.6% 0.12% +0.03
SLB SLB Ltd. Add +0.1% 0.12% +0.03
FTI Technipfmc PLC Add +3.3% 0.08% +0.03
ETN Eaton Corp. PLC Add +0.1% 0.21% +0.03
TER Teradyne Inc. Add +0.4% 0.07% +0.03
FIX Comfort Systems USA Inc. Add +0.8% 0.07% +0.03
BKR Baker Hughes Co. Add +0.1% 0.09% +0.03
TRGP Targa Resources Corp. Add +0.4% 0.08% +0.02
WELL Welltower Inc. Add +1.6% 0.21% +0.02
AGX Argan Inc. New 0.02% +0.02
AHR American Healthcare REIT Inc. New 0.02% +0.02
CASY Casey's General Stores Inc. Add +4.0% 0.07% +0.02
FCX Freeport-McMoran Inc. Add +0.1% 0.13% +0.02
DUK Duke Energy Corp. Add +0.1% 0.15% +0.02
CSCO Cisco Systems Inc. Add +0.2% 0.46% +0.02
XPO Xpo Inc. Add +2.4% 0.06% +0.02
DOW Dow Inc. Add +1.0% 0.05% +0.02
MTZ Mastec Inc. Add +3.2% 0.05% +0.02
OVV Ovintiv Inc. Add +13.3% 0.04% +0.02
OKE Oneok Inc. Add +0.1% 0.09% +0.02
FITB Fifth Third Bancorp Add +36.2% 0.06% +0.02
PR Permian Resources Corp. Class A Add +9.9% 0.04% +0.02
UNP Union Pacific Corp. Add +0.1% 0.22% +0.02
APD Air Products & Chemicals Inc. Add +0.1% 0.10% +0.02
CME Cme Group Inc. Add +0.1% 0.16% +0.02
MPWR Monolithic Power Systems Inc. Add +2.1% 0.08% +0.02
BROS Dutch Bros Inc. Class A New 0.02% +0.02
AEP American Electric Power Add +1.1% 0.11% +0.02
TPL Texas Pacific Land Corp. Add +0.2% 0.04% +0.02
FANG Diamondback Energy Inc. Add +4.2% 0.06% +0.02
ETR Entergy Corp. Add +1.3% 0.08% +0.02
CW Curtiss-Wright Corp. Add +3.0% 0.07% +0.02
VSEC Vse Corp. New 0.02% +0.02
LYFT LYFT Inc. Class A New 0.02% +0.02
UTHR United Therapeutics Corp. Add +2.9% 0.07% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,509$9.3BNVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026 1,510$7.6BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 1,510$7.9BNVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025 1,510$7.7BNVDA, MSFT, AAPL, AMZN, OBDC
Q2 2025 1,509$5.7BNVDA, MSFT, AAPL, OBDC, AMZN
Q1 2025 1,509$5.2BAAPL, MSFT, OBDC, NVDA, AMZN
Q4 2024 1,509$5.4BAAPL, NVDA, MSFT, AMZN, OBDE
Q3 2024 1,511$5.3BAAPL, MSFT, NVDA, OBDE, AMZN
Q2 2024 1,511$5.1BMSFT, NVDA, AAPL, OBDE, AMZN
Q1 2024 1,511$5.0BMSFT, AAPL, NVDA, OBDE, AMZN