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Livermore
Livermore
ZHEN

Oregon Public Employees Retirement Fund

SEC CIK
0001107314
Latest filing
Jul 28, 2026

The latest 13F from Oregon Public Employees Retirement Fund covers Q2 2026 (filed Jul 28, 2026): 1,509 long positions worth $9.26B. The top 10 holdings make up 31.3% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 6.4%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
38
Est. +$95.5M
Added
852
Est. +$546.4M
Reduced
467
Est. −$22.4M
Sold out
39
Est. −$40.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    6.4%$595.9MHistory
  2. AAPLApple Inc.
    5.6%$522.6MHistory
  3. MSFTMicrosoft Corp
    3.7%$340.7MHistory
  4. AMZNAmazon Com Inc
    3.1%$286.9MHistory
  5. GOOGLAlphabet Inc.
    2.8%$257.7MHistory

Share of portfolio

Top 5 holdings and the other 1,504 positions, by share of portfolio value

  1. NVDA6.4%
  2. AAPL5.6%
  3. MSFT3.7%
  4. AMZN3.1%
  5. GOOGL2.8%
  6. Other 1,504 positions78.4%

Biggest buys

New and added positions, by estimated amount bought

  1. NVDANVIDIA Corp
    +$39.1MAddedHistory
  2. AAPLApple Inc.
    +$36.1MAddedHistory
  3. MRVLMarvell Technology, Inc.
    +$32.1MNewHistory
  4. MSFTMicrosoft Corp
    +$23.5MAddedHistory
  5. AMZNAmazon Com Inc
    +$20.3MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MUMicron Technology Inc
    +1.15 pp0.6% → 1.7%History
  2. AMDAdvanced Micro Devices Inc
    +0.76 pp0.5% → 1.3%History
  3. INTCIntel Corp
    +0.56 pp0.3% → 0.9%History
  4. AMATApplied Materials Inc
    +0.35 pp0.4% → 0.8%History
  5. MRVLMarvell Technology, Inc.
    +0.35 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$16.4MSold outHistory
  2. FLEXFlex Ltd.
    −$4.89MReducedHistory
  3. OBDCBlue Owl Capital Corp
    −$4.35MReducedHistory
  4. CHKPCheck Point Software Technologies Ltd
    −$3.74MSold outHistory
  5. CTRACoterra Energy Inc.
    −$3.05MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. OBDCBlue Owl Capital Corp
    −0.48 pp2.2% → 1.7%History
  2. HONHoneywell International Inc
    −0.22 pp0.2% → 0.0%History
  3. CRMSalesforce, Inc.
    −0.09 pp0.3% → 0.2%History
  4. CHKPCheck Point Software Technologies Ltd
    −0.05 pp<0.1% → 0.0%History
  5. CTRACoterra Energy Inc.
    −0.04 pp<0.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$9.26B
+$1.69B (+22.3%) vs. prior quarter
Positions
1,509
−1 vs. prior quarter
Top 10 concentration
31.3%
Top 10 as share of value
Turnover
0.7%
Q2 2026, one quarter
Average holding period
20.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $9.76B (Q1 2022)

Q1 2021: $8.43BQ2 2021: $8.91BQ3 2021: $8.74BQ4 2021: $9.08BQ1 2022: $9.76BQ2 2022: $6.60BQ3 2022: $7.03BQ4 2022: $7.74BQ1 2023: $8.07BQ2 2023: $8.41BQ3 2023: $7.23BQ4 2023: $5.67BQ1 2024: $5.03BQ2 2024: $5.05BQ3 2024: $5.34BQ4 2024: $5.44BQ1 2025: $5.18BQ2 2025: $5.67BQ3 2025: $7.68BQ4 2025: $7.86BQ1 2026: $7.58BQ2 2026: $9.26B
Q1 2021Q2 2026
13F filings of Oregon Public Employees Retirement Fund by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 20261,509$9.26BNVDAAAPLMSFTvs. Q1 2026SEC
Q1 2026Apr 29, 20261,510$7.58BNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Feb 4, 20261,510$7.86BNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Oct 24, 20251,510$7.68BNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Jul 25, 20251,509$5.67BNVDAMSFTAAPLvs. Q1 2025SEC
Q1 2025Apr 28, 20251,509$5.18BAAPLMSFTOBDCvs. Q4 2024SEC
Q4 2024Feb 5, 20251,509$5.44BAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Oct 29, 20241,511$5.34BAAPLMSFTNVDAvs. Q2 2024SEC
Q2 2024Aug 2, 20241,511$5.05BMSFTNVDAAAPLvs. Q1 2024SEC
Q1 2024May 3, 20241,511$5.03BMSFTAAPLNVDAvs. Q4 2023SEC
Q4 2023Feb 12, 20241,547$5.67BMSFTAAPLNVDAvs. Q3 2023SEC
Q3 2023Oct 27, 20231,672$7.23BMSFTAAPLNVDAvs. Q2 2023SEC
Q2 2023Jul 26, 20231,690$8.41BMSFTAAPLNVDAvs. Q1 2023SEC
Q1 2023May 4, 20231,690$8.07BAAPLMSFTOBDCvs. Q4 2022SEC
Q4 2022Jan 26, 20231,700$7.74BAAPLMSFTUNHvs. Q3 2022SEC
Q3 2022Nov 2, 20221,694$7.03BAAPLMSFTUNHvs. Q2 2022SEC
Q2 2022Jul 25, 20221,539$6.60BAAPLMSFTUNHvs. Q1 2022SEC
Q1 2022Apr 21, 20221,692$9.76BMSFTAAPLNVDAvs. Q4 2021SEC
Q4 2021Feb 1, 20221,582$9.08BMSFTAAPLNVDAvs. Q3 2021SEC
Q3 2021Oct 19, 20211,572$8.74BAAPLMSFTINTCvs. Q2 2021SEC
Q2 2021Jul 23, 20211,577$8.91BAAPLMSFTINTCvs. Q1 2021SEC
Q1 2021Apr 20, 20211,597$8.43BAAPLMSFTINTC–SEC