1y return+17.1%S&P 500 +20.9%
3y return+56.9%S&P 500 +68.5%
5y return+48.8%S&P 500 +74.5%
10y return+204.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $305 against $357 in the S&P 500.2
Oregon Public Employees Retirement FundS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corp | $595.9M | 6.4% | +7.0% |
| AAPLApple Inc | $522.6M | 5.6% | +7.4% |
| MSFTMicrosoft Corp | $340.7M | 3.7% | +7.4% |
| AMZNAmazon.com Inc | $286.9M | 3.1% | +7.6% |
| GOOGLAlphabet Inc Cl A | $257.7M | 2.8% | +8.2% |
| AVGOBroadcom Inc | $219.9M | 2.4% | +7.2% |
| GOOGAlphabet Inc Cl C | $205.3M | 2.2% | +8.5% |
| MUMicron Technology Inc | $160.0M | 1.7% | +7.6% |
| OBDCBlue Owl Capital Corp | $158.4M | 1.7% | −2.7% |
| METAMeta Platforms Inc Class A | $152.1M | 1.6% | +7.8% |
| TSLATesla Inc | $145.6M | 1.6% | +7.5% |
| LLYEli Lilly & Co | $116.7M | 1.3% | +7.2% |
| AMDAdvanced Micro Devices | $116.4M | 1.3% | +7.4% |
| BRK/BBerkshire Hathaway Inc Cl B | $112.8M | 1.2% | +7.4% |
| JPMJpmorgan Chase & Co | $107.8M | 1.2% | +6.7% |
| INTCIntel Corp | $81.1M | 0.9% | +8.0% |
| JNJJohnson & Johnson | $75.2M | 0.8% | +7.2% |
| AMATApplied Materials Inc | $70.5M | 0.8% | +7.3% |
| VVisa Inc Class A Shares | $70.0M | 0.8% | +6.0% |
| Exxon Mobil CorpCUSIP 30231G102 | $69.7M | 0.8% | +6.5% |
| LRCXLam Research Corp | $66.6M | 0.7% | +7.5% |
| WMTWalmart Inc | $61.1M | 0.7% | +7.4% |
| CATCaterpillar Inc | $60.3M | 0.7% | +6.2% |
| CSCOCisco Systems Inc | $57.0M | 0.6% | +7.3% |
| ABBVAbbvie Inc | $54.7M | 0.6% | +7.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corp | June 30, 2020 | +2006.7% | $595.9M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $219.9M |
| AMATApplied Materials Inc | June 30, 2020 | +1096.1% | $70.5M |
| AMDAdvanced Micro Devices | June 30, 2020 | +1004.1% | $116.4M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $60.3M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $116.7M |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $38.8M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $66.6M |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $36.7M |
| GOOGLAlphabet Inc Cl A | June 30, 2020 | +404.0% | $257.7M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $16.4M
- Check Point Software Tech LtCUSIP M22465104 was $3.7M
- Carnival CorpCUSIP 143658300 was $3.4M
- CTRACoterra Energy Inc was $3.1M
- Dupont De Nemours IncCUSIP 26614N102 was $2.1M
- Topbuild CorCUSIP 89055F103 was $2.0M
- Hologic IncCUSIP 436440101 was $1.9M
- Masimo CorpCUSIP 574795100 was $1.7M
- Air Lease CorpCUSIP 00912X302 was $1.6M
- Sealed Air Corp NewCUSIP 81211K100 was $1.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.9% | +14.8% |
| March 31, 2026 | −4.0% | −4.6% |
| December 31, 2025 | +2.1% | +2.4% |
| September 30, 2025 | +6.8% | +7.8% |
| June 30, 2025 | +9.1% | +10.5% |
| March 31, 2025 | −5.0% | −4.6% |
| December 31, 2024 | +1.6% | +2.1% |
| September 30, 2024 | +5.3% | +5.4% |
| June 30, 2024 | +2.0% | +4.0% |
| March 31, 2024 | +9.9% | +10.0% |
| December 31, 2023 | +11.5% | +11.2% |
| September 30, 2023 | −3.3% | −3.6% |
| June 30, 2023 | +5.8% | +8.3% |
| March 31, 2023 | +4.7% | +7.0% |
| December 31, 2022 | +8.0% | +7.1% |
| September 30, 2022 | −6.0% | −5.3% |
| June 30, 2022 | −16.5% | −16.5% |
| March 31, 2022 | −6.0% | −4.9% |
| December 31, 2021 | +8.5% | +10.7% |
| September 30, 2021 | −1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Oregon Public Employees Retirement Fund Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1107314&type=13F-HR&dateb=&owner=include&count=40CIK 1107314
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1107314/000121390026082470/Filed July 29, 2026 · accession 0001213900-26-082470