September 02, 2013 01:00 AM
P&I/Towers Watson World 300: The largest retirement funds
Ranked by U.S. dollars, in millions. U.S. fund data are from the P&I 1,000, published Feb. 4, 2013; non-U.S. fund data are as of Dec. 31, 2012, unless otherwise noted.
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| Rank | Fund | Country | Total assets |
|---|---|---|---|
| 1 | Government Pension Investment | Japan | $1,292,003 |
| 2 | Government Pension Fund | Norway | $712,606 |
| 3 | ABP | Netherlands | $372,860 |
| 4 | National Pension | South Korea | $368,450 |
| 5 | Federal Retirement Thrift | U.S. | $325,682 |
| 6 | California Public Employees | U.S. | $244,754 |
| 7 | Local Government Officials1 | Japan | $201,443 |
| 8 | Central Provident Fund | Singapore | $188,430 |
| 9 | Canada Pension1 | Canada | $184,425 |
| 10 | National Social Security | China | $177,486 |
| 11 | PFZW1 | Netherlands | $177,311 |
| 12 | Employees Provident Fund | Malaysia | $175,720 |
| 13 | California State Teachers | U.S. | $155,739 |
| 14 | New York State Common | U.S. | $150,110 |
| 15 | Florida State Board | U.S. | $134,345 |
| 16 | New York City Retirement | U.S. | $132,071 |
| 17 | Ontario Teachers | Canada | $130,198 |
| 18 | ATP | Denmark | $129,009 |
| 19 | GEPF2 | South Africa | $122,225 |
| 20 | Pension Fund Association | Japan | $119,199 |
| 21 | General Motors | U.S. | $117,812 |
| 22 | Texas Teachers | U.S. | $112,443 |
| 23 | IBM | U.S. | $93,985 |
| 24 | National Public Service | Japan | $93,149 |
| 25 | Boeing | U.S. | $91,406 |
| 26 | New York State Teachers | U.S. | $88,561 |
| 27 | National Wealth Fund | Russia | $88,064 |
| 28 | Wisconsin Investment Board | U.S. | $86,399 |
| 29 | Future Fund | Australia | $85,546 |
| 30 | Alecta | Sweden | $83,989 |
| 31 | North Carolina | U.S. | $83,976 |
| 32 | Fondo de Reserva Seguridad | Spain | $81,857 |
| 33 | Previ | Brazil | $81,160 |
| 34 | AT&T | U.S. | $81,024 |
| 35 | Ohio Public Employees | U.S. | $79,615 |
| 36 | New Jersey | U.S. | $74,754 |
| 37 | Bayerische Versorgungskammer | Germany | $73,111 |
| 38 | Washington State Board | U.S. | $70,265 |
| 39 | Employees' Provident2 | India | $68,138 |
| 40 | Public School Employees | Japan | $67,976 |
| 41 | BT Group1 | U.K. | $67,511 |
| 42 | General Electric | U.S. | $67,155 |
| 43 | Ohio State Teachers | U.S. | $65,485 |
| 44 | Royal Dutch Shell3 | Netherlands | $62,764 |
| 45 | Metaal/tech. Bedrijven | Netherlands | $61,953 |
| 46 | Ontario Municipal Employees | Canada | $61,083 |
| 47 | Oregon Public Employees | U.S. | $60,989 |
| 48 | Universities Superannuation | U.K. | $58,471 |
| 49 | PFA Pension | Denmark | $57,264 |
| 50 | Virginia Retirement | U.S. | $56,867 |
| 51 | Bouwnijverheid | Netherlands | $56,734 |
| 52 | Michigan Retirement | U.S. | $55,834 |
| 53 | California University | U.S. | $55,755 |
| 54 | AustralianSuper | Australia | $55,354 |
| 55 | Georgia Teachers | U.S. | $55,348 |
| 56 | Organization for Workers | Japan | $54,788 |
| 57 | Lockheed Martin | U.S. | $53,725 |
| 58 | Labor Pension Fund | Taiwan | $53,099 |
| 59 | Public Institute for Social Security1 | Kuwait | $53,036 |
| 60 | Minnesota State Board | U.S. | $52,873 |
| 61 | Ford Motor | U.S. | $51,654 |
| 62 | AMF Pension | Sweden | $51,428 |
| 63 | Massachusetts PRIM | U.S. | $50,725 |
| 64 | Electricity Supply Pension4 | U.K. | $50,642 |
| 65 | Verizon | U.S. | $49,829 |
| 66 | Lloyds TSB Group5 | U.K. | $49,322 |
| 67 | Pennsylvania School Empl. | U.S. | $49,050 |
| 68 | FRR1 | France | $48,301 |
| 69 | Healthcare of Ontario | Canada | $47,661 |
| 70 | Public Service Pension Plan2 | Canada | $47,389 |
| 71 | AFP Provida | Chile | $45,703 |
| 72 | Quebec Government & Public | Canada | $45,597 |
| 73 | Varma | Finland | $45,406 |
| 74 | Keva | Finland | $44,247 |
| 75 | United Nations Joint Staff | U.S. | $43,769 |
| 76 | PME4 | Netherlands | $43,160 |
| 77 | Royal Bank of Scotland Group5 | U.K. | $42,830 |
| 78 | Colorado Employees | U.S. | $42,502 |
| 79 | Afore XXI Banorte6 | Mexico | $42,038 |
| 80 | QSuper | Australia | $41,958 |
| 81 | AFP Habitat | Chile | $41,795 |
| 82 | Alcatel-Lucent | U.S. | $40,961 |
| 83 | United Technologies | U.S. | $40,719 |
| 84 | Tennessee Consolidated | U.S. | $40,652 |
| 85 | Private Schools Employees | Japan | $40,611 |
| 86 | Los Angeles County Empl. | U.S. | $39,832 |
| 87 | Quebec Pension | Canada | $39,685 |
| 88 | Bank of America | U.S. | $38,998 |
| 89 | Ilmarinen | Finland | $38,958 |
| 90 | Northrop Grumman | U.S. | $38,834 |
| 91 | Maryland State Retirement | U.S. | $38,474 |
| 92 | Bundes Pensionskasse | Switzerland | $38,319 |
| 93 | United Parcel Service | U.S. | $37,865 |
| 94 | First State Super | Australia | $37,484 |
| 95 | Illinois Teachers | U.S. | $37,470 |
| 96 | State Super | Australia | $37,238 |
| 97 | Barclays Bank U.K. | U.K. | $37,105 |
| 98 | AP Fonden 3 | Sweden | $36,746 |
| 99 | AP Fonden 2 | Sweden | $36,403 |
| 100 | AP Fonden 1 | Sweden | $35,561 |
| 101 | Exxon Mobil | U.S. | $35,130 |
| 102 | AFP Capital | Chile | $34,822 |
| 103 | AP Fonden 4 | Sweden | $34,767 |
| 104 | UniSuper | Australia | $34,472 |
| 105 | British Coal Pension Schemes4 | U.K. | $34,114 |
| 106 | Wells Fargo | U.S. | $33,884 |
| 107 | AFP Cuprum | Chile | $33,246 |
| 108 | Sampension7 | Denmark | $33,074 |
| 109 | Petros | Brazil | $32,571 |
| 110 | B.C. Municipal7 | Canada | $31,224 |
| 111 | Teamsters, Western Conf. | U.S. | $31,028 |
| 112 | BVV | Germany | $30,757 |
| 113 | Railways Pensions | U.K. | $30,694 |
| 114 | ING St. Psf.5 | Netherlands | $30,180 |
| 115 | Alabama Retirement | U.S. | $29,666 |
| 116 | HSBC Bank | U.K. | $29,092 |
| 117 | Retirement Fund-KWAP | Malaysia | $29,059 |
| 118 | National Pension Association | Japan | $28,843 |
| 119 | Kaiser | U.S. | $28,790 |
| 120 | British Airways | U.K. | $28,516 |
| 121 | Missouri Public Schools | U.S. | $28,430 |
| 122 | Arizona State Retirement | U.S. | $28,417 |
| 123 | Raytheon | U.S. | $28,354 |
| 124 | National Grid1 | U.K. | $28,248 |
| 125 | Pennsylvania Employees | U.S. | $27,640 |
| 126 | CSC | Australia | $27,505 |
| 127 | Hewlett-Packard | U.S. | $27,484 |
| 128 | Illinois Municipal | U.S. | $27,448 |
| 129 | Chevron | U.S. | $27,366 |
| 130 | FedEx | U.S. | $27,354 |
| 131 | BP | U.K. | $27,346 |
| 132 | BAE Systems | U.K. | $26,980 |
| 133 | Nevada Public Employees | U.S. | $26,895 |
| 134 | South Carolina Retirement | U.S. | $26,755 |
| 135 | J.P. Morgan Chase | U.S. | $26,538 |
| 136 | Afore Banamex 6 | Mexico | $26,523 |
| 137 | Indiana Public Retirement | U.S. | $26,265 |
| 138 | Zilverfond | Belgium | $25,304 |
| 139 | Utah State Retirement | U.S. | $25,296 |
| 140 | Mitsubishi UFJ Financial1 | Japan | $25,282 |
| 141 | FUNCEF | Brazil | $25,253 |
| 142 | REST | Australia | $25,219 |
| 143 | Chrysler Group | U.S. | $25,139 |
| 144 | Honeywell | U.S. | $24,912 |
| 145 | Connecticut Retirement | U.S. | $24,793 |
| 146 | DuPont | U.S. | $24,735 |
| 147 | Texas Employees | U.S. | $24,683 |
| 148 | BVK des Kantons Zurich | Switzerland | $24,499 |
| 149 | Nippon Telegraph & Telephone1 | Japan | $24,338 |
| 150 | PensionDanmark | Denmark | $24,302 |
| 151 | State Farm | U.S. | $24,298 |
| 152 | Rabobank | Netherlands | $24,024 |
| 153 | UBS | Switzerland | $23,818 |
| 154 | National Railroad | U.S. | $23,641 |
| 155 | Unilever5 | U.K. | $23,323 |
| 156 | Iowa Public Employees | U.S. | $23,244 |
| 157 | Local Authorities Pension Board | Canada | $22,981 |
| 158 | ABN AMRO | Netherlands | $22,806 |
| 159 | Nestle5 | Switzerland | $22,597 |
| 160 | Hesta | Australia | $22,479 |
| 161 | Sunsuper | Australia | $22,418 |
| 162 | Mississippi Employees | U.S. | $22,369 |
| 163 | Pfizer | U.S. | $22,159 |
| 164 | BASF5 | Germany | $22,090 |
| 165 | 3M | U.S. | $22,010 |
| 166 | VBL8 | Germany | $21,643 |
| 167 | Cbus | Australia | $21,465 |
| 168 | Panasonic1 | Japan | $21,269 |
| 169 | Industriens Pension | Denmark | $21,241 |
| 170 | Citigroup | U.S. | $21,220 |
| 171 | Afore Sura6 | Mexico | $21,130 |
| 172 | Strathclyde Pension Fund1 | U.K. | $21,080 |
| 173 | Alaska Retirement | U.S. | $21,013 |
| 174 | AkzoNobel5 | U.K. | $20,294 |
| 175 | Novartis5 | Switzerland | $20,282 |
| 176 | State Pension | Finland | $20,269 |
| 177 | Texas Municipal Retirement | U.S. | $20,108 |
| 178 | Migros-Genossenschafts-Bund | Switzerland | $20,104 |
| 179 | Phillips | Netherlands | $20,063 |
| 180 | National Pensions Reserve2 | Ireland | $20,059 |
| 181 | Johnson & Johnson | U.S. | $19,709 |
| 182 | Aviva OFE | Poland | $19,696 |
| 183 | B.C. Public Service2 | Canada | $19,542 |
| 184 | Porvenir | Colombia | $19,534 |
| 185 | British Steel Pension Scheme1 | U.K. | $19,478 |
| 186 | Shell Oil | U.S. | $19,472 |
| 187 | American Airlines | U.S. | $19,410 |
| 188 | Texas County & District | U.S. | $19,260 |
| 189 | Delta Air Lines | U.S. | $19,135 |
| 190 | Prudential | U.S. | $18,979 |
| 191 | Aviva | U.K. | $18,917 |
| 192 | Exelon | U.S. | $18,841 |
| 193 | Greater Manchester | U.K. | $18,789 |
| 194 | ESSSuper | Australia | $18,658 |
| 195 | Government Pension | Thailand | $18,547 |
| 196 | AP Fonden 7 | Sweden | $18,468 |
| 197 | B.C. Teachers | Canada | $18,443 |
| 198 | Siemens9 | Germany | $18,418 |
| 199 | Afore Profuturo GNP6 | Mexico | $18,154 |
| 200 | United Methodist Church | U.S. | $18,148 |
| 201 | San Francisco City & County | U.S. | $18,127 |
| 202 | Teamsters, Central States | U.S. | $18,022 |
| 203 | Caterpillar | U.S. | $17,988 |
| 204 | Deutsche Bank5 | Germany | $17,951 |
| 205 | Public Service Pension Fund | Taiwan | $17,882 |
| 206 | Bell Canada | Canada | $17,819 |
| 207 | Dow Chemical | U.S. | $17,748 |
| 208 | Protección | Colombia | $17,652 |
| 209 | Mizuho Financial Group1 | Japan | $17,462 |
| 210 | CenturyLink | U.S. | $17,247 |
| 211 | Wal-Mart Stores | U.S. | $17,223 |
| 212 | Zenkoku Shinyo Kinko1 | Japan | $17,153 |
| 213 | Grafische Bedrijven4 | Netherlands | $17,097 |
| 214 | Ontario Pension Board | Canada | $17,088 |
| 215 | Government Service Insurance9 | Philippines | $16,887 |
| 216 | Canada Post | Canada | $16,867 |
| 217 | Telmex4 | Mexico | $16,816 |
| 218 | PG&E | U.S. | $16,800 |
| 219 | Labor Insurance Fund | Taiwan | $16,685 |
| 220 | BBC1 | U.K. | $16,568 |
| 221 | Hydro-Quebec | Canada | $16,499 |
| 222 | Hitachi1 | Japan | $16,365 |
| 223 | Zurich Financial Services5 | Switzerland | $16,268 |
| 224 | Spoorwegpensioenfonds | Netherlands | $16,236 |
| 225 | GlaxoSmithKline | U.K. | $16,211 |
| 226 | PepsiCo | U.S. | $16,200 |
| 227 | SBB Pensionskasse | Switzerland | $16,156 |
| 228 | Daimler | Germany | $16,025 |
| 229 | Rolls-Royce | U.K. | $15,907 |
| 230 | Canadian National Railways | Canada | $15,893 |
| 231 | Verboer6 | Netherlands | $15,836 |
| 232 | PK Post | Switzerland | $15,785 |
| 233 | Merck | U.S. | $15,752 |
| 234 | Credit Suisse | Switzerland | $15,751 |
| 235 | Super SA | Australia | $15,741 |
| 236 | Magistrenes Pensionskasse | Denmark | $15,580 |
| 237 | General Dynamics | U.S. | $15,421 |
| 238 | Laegernes Pensionskasse | Denmark | $15,340 |
| 239 | Kentucky Teachers | U.S. | $15,278 |
| 240 | Federal Reserve Employees | U.S. | $15,227 |
| 241 | Los Angeles Fire & Police | U.S. | $15,219 |
| 242 | Illinois State Universities | U.S. | $15,195 |
| 243 | World Bank | U.S. | $15,162 |
| 244 | City of Zurich | Switzerland | $15,146 |
| 245 | BP America | U.S. | $15,115 |
| 246 | Illinois State Board | U.S. | $15,090 |
| 247 | GESB | Australia | $15,055 |
| 248 | ConocoPhillips | U.S. | $14,856 |
| 249 | Procter & Gamble | U.S. | $14,842 |
| 250 | Sygeplejersker | Denmark | $14,808 |
| 251 | Allianz5 | Germany | $14,789 |
| 252 | OPSEU | Canada | $14,781 |
| 253 | Georgia Employees | U.S. | $14,753 |
| 254 | West Midlands Metropolitan | U.K. | $14,696 |
| 255 | National Electric | U.S. | $14,675 |
| 256 | Quebec Construction Industry | Canada | $14,551 |
| 257 | FEFSS | Portugal | $14,443 |
| 258 | Deere | U.S. | $14,342 |
| 259 | West Yorkshire2 | U.K. | $14,268 |
| 260 | Baden-Wurttembergische | Germany | $14,230 |
| 261 | Nordrheinische Ärzteversorgung 4 | Germany | $14,229 |
| 262 | New York State Def. Comp. | U.S. | $13,934 |
| 263 | MetLife | U.S. | $13,865 |
| 264 | Louisiana Teachers | U.S. | $13,852 |
| 265 | RWE | Germany | $13,677 |
| 266 | Fonds de Comp./Securite Sociale | Luxembourg | $13,620 |
| 267 | Teachers' Pension4 | South Korea | $13,564 |
| 268 | Duke Energy | U.S. | $13,539 |
| 269 | Kansas Public Employees | U.S. | $13,533 |
| 270 | United Continental Holdings | U.S. | $13,518 |
| 271 | International Paper | U.S. | $13,409 |
| 272 | Air Canada | Canada | $13,322 |
| 273 | Tapiola Mutual Pension Ins. | Finland | $13,291 |
| 274 | Telstra Super | Australia | $13,130 |
| 275 | New Zealand Superannuation7 | New Zealand | $13,078 |
| 276 | Kraft Foods | U.S. | $12,844 |
| 277 | New Mexico Public Empl. | U.S. | $12,713 |
| 278 | Eastman Kodak | U.S. | $12,705 |
| 279 | Toyota Motor1 | Japan | $12,585 |
| 280 | Abbott Laboratories | U.S. | $12,462 |
| 281 | Ohio Police & Fire | U.S. | $12,427 |
| 282 | Idaho Public Employees | U.S. | $12,413 |
| 283 | Southern Co. | U.S. | $12,384 |
| 284 | NPF Gazfond | Russia | $12,365 |
| 285 | Fujitsu1 | Japan | $12,334 |
| 286 | Hoffman La Roche5 | Switzerland | $12,261 |
| 287 | Banco Santander (U.K.) | U.K. | $12,133 |
| 288 | Consolidated Edison | U.S. | $12,114 |
| 289 | Prima10 | Peru | $12,085 |
| 290 | Siemens (USA) | U.S. | $11,974 |
| 291 | Sumitomo Mitsui Financial Group1 | Japan | $11,960 |
| 292 | New York City Def. Comp. | U.S. | $11,742 |
| 293 | Hawaii Employees | U.S. | $11,739 |
| 294 | OFE PZU | Poland | $11,734 |
| 295 | Tesco1 | U.K. | $11,704 |
| 296 | Integra10 | Peru | $11,615 |
| 297 | Operating Eng. International | U.S. | $11,591 |
| 298 | AerzteVersorgung Westfalen Lippe | Germany | $11,540 |
| 299 | Alcoa | U.S. | $11,520 |
| 300 | Walt Disney | U.S. | $11,488 |
| Total | $13,995,194 | ||
| Notes: 1 As of March 31, 2013; 2 As of March 31, 2012; 3 Global figure (ex-U.S.); 4 Estimate; 5 Global figure; 6 As of May 31, 2013; 7 As of June 30, 2012; 8 As of Nov. 30, 2012; 9 As of Sept. 30, 2012; 10 As of April 30, 2013. | |||
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