The Ohio Public Employees Retirement System (OPERS) has made significant moves in its investment strategy, increasing its holdings in high-volatility tech firms while stepping back from Lyft.
Investments in Palantir Technologies
OPERS increased its stake in Palantir Technologies by acquiring an additional 171,441 shares in the second quarter of 2025, bringing its total to 908,712 shares. Palantir's stock rose 80% in the first half of 2025, surpassing the broader S&P 500's growth.
Increasing Stake in MicroStrategy
The pension fund also ramped up its investment in MicroStrategy, now rebranded as Strategy, by adding 21,499 shares by the end of June. The company focuses its strategy on Bitcoin and has become the largest corporate holder of the cryptocurrency, raising questions among investors.
Reducing Stake in Lyft
Meanwhile, OPERS reduced its investment in Lyft, selling 58,881 shares and decreasing its total stake to 166,628 shares. Despite a 22% rise in Lyft's stocks in the first half of the year, the fund decided to exit this position due to uncertainties surrounding the company's future market prospects.
The changes in OPERS's investment portfolio indicate a shift towards adapting to current market conditions by investing in high-growth technologies while minimizing exposure to less resilient sectors.
