OPERS DOUBLES DOWN ON PALANTIR & STRATEGY, TRIMS LYFT HOLDINGS

Ohio’s largest pension fund, OPERS (Ohio Public Employees Retirement System), is leaning further into high-growth tech and Bitcoin exposure — and stepping away from ride-hailing.

Palantir Technologies (PLTR) was the top add in Q2 2025.

OPERS increased its stake by 171,441 shares, now holding 908,712 shares in total. The move followed Palantir’s 80% rally in H1 2025, driven by strong earnings and its inclusion in the S&P 500. Shares are up another 13% in Q3, well ahead of the broader index.

MicroStrategy (Strategy) also caught attention.

OPERS added 21,499 shares, bringing its total to 101,880. Despite concerns around its debt-fueled Bitcoin purchases and high-yield preferred stock (up to 11.5% interest), Strategy’s stock climbed 40% in H1 and is up 4.7% in Q3.

Lyft, however, saw a reduction.

OPERS offloaded 58,881 shares, leaving 166,628 in its portfolio. This came despite Lyft’s 22% rally in H1. Since July, shares have dipped 6.3%, and recent earnings failed to reassure long-term confidence.

As of year-end 2024, OPERS managed $155.6B in assets, ranking 14th among U.S. public pension funds.