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STRS Ohio
Aaron DiCenzo · Pension Fund · Multi-Strategy
The State Teachers Retirement System of Ohio (STRS Ohio), established in 1920, is one of the largest public pension funds in the United States. It provides retirement, disability, and survivor benefits for over 540,000 active, inactive, and retired Ohio public educators. Legally separate and fiscally independent from the state government, STRS Ohio manages a highly diversified portfolio that includes domestic and international equities, fixed income, real estate, and alternative investments such as private equity and private credit. A significant portion of its assets is managed internally by specialized investment professionals to ensure cost efficiency and strategic control. The institution focuses on long-term sustainability and the prudent management of assets to fulfill its mission of providing financial security for current and future retirees through various market cycles.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +22.7% |
| YTD return | +16.2% |
| Sharpe ratio | 2.76 |
| Win rate | 56% |
| AUM | $11.4B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $11.4B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.strsoh.org |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| NVDA | NVIDIA Corporation | 16.0% | +17.3% |
| AAPL | Apple Inc | 13.3% | +28.7% |
| GOOGL | Alphabet Inc Class A | 11.5% | +38.2% |
| MSFT | Microsoft Corporation | 11.2% | -1.8% |
| AMZN | Amazon.com Inc | 8.5% | +11.9% |
| AVGO | Broadcom Inc | 6.5% | +1.3% |
| META | Meta Platforms Inc. | 3.9% | -3.4% |
| MU | Micron Technology Inc | 3.1% | +179.2% |
| LLY | Eli Lilly and Company | 3.0% | +30.7% |
| JPM | JPMorgan Chase & Co | 3.0% | +12.0% |
| BRK-A | Berkshire Hathaway Inc | 2.6% | +3.6% |
| AMD | Advanced Micro Devices Inc | 2.5% | +9.0% |
| TSLA | Tesla Inc | 2.4% | -14.9% |
| GBDC | Golub Capital BDC Inc | 2.0% | -4.5% |
| V | Visa Inc. Class A | 1.9% | +1.6% |
| ARCC | Ares Capital Corporation | 1.9% | +3.0% |
| WELL | Welltower Inc | 1.7% | -3.4% |
| UNH | UnitedHealth Group Incorporated | 1.7% | +5.1% |
| JNJ | Johnson & Johnson | 1.7% | +6.0% |
| MA | Mastercard Inc | 1.6% | -0.2% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 10, 2026 | BUY | WELL | 0.0% → 1.7% |
| Aug 10, 2026 | SELL | BRK-A | 2.8% → 2.6% |
| Aug 10, 2026 | BUY | AMZN | 8.4% → 8.5% |
| Aug 10, 2026 | BUY | AAPL | 13.1% → 13.3% |
| Aug 10, 2026 | BUY | MU | 3.0% → 3.1% |
Investment Style Analysis
STRS Ohio is widely recognized for employing a Multi-Strategy strategy. As of Sep 18, 2026, the firm oversees approximately $11.4B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 10, STRS Ohio made a significant move by increasing exposure to WELL. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
STRS Ohio employs a long-term investment strategy aimed at maximizing returns at a prudent level of risk to ensure the ongoing stability of member benefits. The institution believes that a well-diversified portfolio across multiple asset classes is essential for achieving superior risk-adjusted performance and reducing volatility. Its investment approach combines active and passive management; passive strategies are utilized for efficient asset classes to minimize costs, while active management is applied where unique or compelling opportunities can lead to above-market returns. STRS Ohio views internal asset management as a core strategic advantage, providing cost-effective access to global markets and unique private investment opportunities while maintaining a strong commitment to fiduciary duty and transparency.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with STRS Ohio.
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Frequently asked questions
How is the simulated portfolio for STRS Ohio constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is STRS Ohio's largest holding?
As of the latest filing, STRS Ohio's top position is NVIDIA Corporation (NVDA), representing 16.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is STRS Ohio's historical performance and risk profile?
Our simulation indicates a total return of +22.7% with a win rate of 56%. Notably, the portfolio maintains a Sharpe Ratio of 2.76, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does STRS Ohio primarily invest in?
STRS Ohio has a strong preference for the Semiconductors sector, which makes up 28.0% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is STRS Ohio's portfolio concentrated or diversified?
STRS Ohio runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 40.7% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has STRS Ohio performed in 2026?
Our AI-simulated model portfolio for STRS Ohio tracks a Year-to-Date (YTD) return of +16.2%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Aaron DiCenzo manage STRS Ohio directly?
Yes, Aaron DiCenzo serves as the key portfolio manager for STRS Ohio, overseeing the investment strategy and final capital allocation decisions.