Ohio’s OPERS Raises Palantir Stake by 171,000, Cuts Lyft

* Ohio’s public pension fund increases bets on Palantir and MicroStrategy. * Portfolio adjustments include a reduction in Lyft holdings. The Ohio Public Employees Retirement System (OPERS) is one of the largest public pension funds in the United States. In Q2 2025, OPERS significantly restructured its portfolio, increasing its investments in Palantir and MicroStrategy while scaling back its position in Lyft. According to Barron's and Cryptopolitan on July 20, 2025, these strategic shifts reflect market performance and long-term growth considerations. OPERS purchased 171,441 additional shares of Palantir, bringing its total holdings in the software company to 908,712 shares. This decision followed an impressive 80% surge in Palantir’s stock value during the first half of 2025, which far outpaced the S&P 500’s returns. The fund also expanded its position in MicroStrategy, purchasing 21,499 shares to raise its total stake to 101,880 shares. MicroStrategy continues to attract attention as a speculative, high-risk investment closely tied to Bitcoin’s performance and the broader cryptocurrency market. Conversely, OPERS sold 58,881 shares of Lyft, which reduced its stake in the ride-hailing company to 166,628 shares. While Lyft’s stock price grew a modest 22% in the first half of 2025, the fund's decision signals a cautious approach toward the company’s future growth. At the end of 2024, OPERS held $155.6 billion in total assets, making it the 14th-largest public pension fund in the United States and a key player in institutional investing.