September 01, 2014 01:00 AM
The P&I/Towers Watson World 300: Largest retirement funds
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| Ranked by U.S. dollars, in millions. U.S. fund data are from the P&I 1,000, published Feb. 3, 2014; non-U.S. fund data are as of Dec. 31, 2013, unless otherwise noted. | |||
| Rank | Fund | Country | Total assets |
|---|---|---|---|
| 1 | Government Pension Investment | Japan | $1,221,501 |
| 2 | Government Pension Fund | Norway | $858,469 |
| 3 | ABP | Netherlands | $415,657 |
| 4 | National Pension | South Korea | $405,521 |
| 5 | Federal Retirement Thrift | U.S. | $375,088 |
| 6 | California Public Employees | U.S. | $273,066 |
| 7 | Canada Pension1 | Canada | $206,173 |
| 8 | National Social Security | China | $205,168 |
| 9 | Central Provident Fund | Singapore | $200,376 |
| 10 | PFZW1 | Netherlands | $196,933 |
| 11 | Employees Provident Fund | Malaysia | $182,216 |
| 12 | Local Government Officials1 | Japan | $179,820 |
| 13 | California State Teachers | U.S. | $172,424 |
| 14 | New York State Common | U.S. | $164,008 |
| 15 | Florida State Board | U.S. | $146,266 |
| 16 | New York City Retirement | U.S. | $143,925 |
| 17 | Ontario Teachers | Canada | $132,445 |
| 18 | Texas Teachers | U.S. | $119,706 |
| 19 | GEPF2 | South Africa | $117,681 |
| 20 | Pension Fund Association | Japan | $117,636 |
| 21 | ATP | Denmark | $111,278 |
| 22 | Boeing | U.S. | $98,922 |
| 23 | IBM | U.S. | $96,598 |
| 24 | New York State Teachers | U.S. | $96,440 |
| 25 | Wisconsin Investment Board | U.S. | $93,787 |
| 26 | Alecta | Sweden | $93,369 |
| 27 | General Motors | U.S. | $91,155 |
| 28 | North Carolina | U.S. | $91,080 |
| 29 | AT&T | U.S. | $89,025 |
| 30 | National Wealth Fund3 | Russia | $88,179 |
| 31 | Future Fund | Australia | $86,196 |
| 32 | Ohio Public Employees | U.S. | $85,527 |
| 33 | Bayerische Versorgungskammer | Germany | $80,941 |
| 34 | New Jersey | U.S. | $78,375 |
| 35 | Washington State Board | U.S. | $77,537 |
| 36 | National Public Service | Japan | $76,338 |
| 37 | Royal Dutch Shell4 | Netherlands | $74,556 |
| 38 | Fondo de Reserva Seguridad | Spain | $74,106 |
| 39 | Previ | Brazil | $71,735 |
| 40 | General Electric | U.S. | $70,803 |
| 41 | Employees' Provident2 | India | $70,573 |
| 42 | Ohio State Teachers | U.S. | $69,986 |
| 43 | PFA Pension | Denmark | $68,218 |
| 44 | Oregon Public Employees | U.S. | $66,725 |
| 45 | Metaal/Tech. Bedrijven | Netherlands | $66,493 |
| 46 | BT Group1 | U.K. | $66,451 |
| 47 | AustralianSuper | Australia | $64,855 |
| 48 | Universities Superannuation5 | U.K. | $62,785 |
| 49 | Virginia Retirement | U.S. | $62,359 |
| 50 | California University | U.S. | $61,639 |
| 51 | Ontario Municipal Employees | Canada | $61,235 |
| 52 | Michigan Retirement | U.S. | $60,069 |
| 53 | Labor Pension Fund | Taiwan | $59,756 |
| 54 | Lockheed Martin | U.S. | $59,140 |
| 55 | AMF Pension | Sweden | $58,707 |
| 56 | Georgia Teachers | U.S. | $58,638 |
| 57 | Ford Motor | U.S. | $58,546 |
| 58 | Minnesota State Board | U.S. | $58,244 |
| 59 | Public School Employees | Japan | $57,146 |
| 60 | Public Institute for Social Security1, 6 | Kuwait | $56,871 |
| 61 | Bouwnijverheid | Netherlands | $56,796 |
| 62 | Massachusetts PRIM | U.S. | $55,697 |
| 63 | Electricity Supply Pension1, 6 | U.K. | $54,212 |
| 64 | Lloyds Banking Group7 | U.K. | $53,952 |
| 65 | Public Service Pension Plan2 | Canada | $52,232 |
| 66 | Varma | Finland | $52,009 |
| 67 | Keva | Finland | $50,334 |
| 68 | FRR | France | $50,054 |
| 69 | Organization for Workers | Japan | $49,138 |
| 70 | Pennsylvania School Empl. | U.S. | $48,933 |
| 71 | United Nations Joint Staff | U.S. | $48,820 |
| 72 | Healthcare of Ontario | Canada | $48,575 |
| 73 | Quebec Government & Public | Canada | $47,710 |
| 74 | Royal Bank of Scotland Group7 | U.K. | $47,193 |
| 75 | Colorado Employees | U.S. | $45,379 |
| 76 | AFP Provida | Chile | $45,265 |
| 77 | Ilmarinen | Finland | $44,497 |
| 78 | PME | Netherlands | $44,496 |
| 79 | Afore XXI Banorte8 | Mexico | $43,979 |
| 80 | Bank of America | U.S. | $43,600 |
| 81 | Verizon | U.S. | $43,575 |
| 82 | Tennessee Consolidated | U.S. | $43,536 |
| 83 | United Technologies | U.S. | $43,320 |
| 84 | Los Angeles County Empl. | U.S. | $43,275 |
| 85 | Quebec Pension | Canada | $43,209 |
| 86 | QSuper | Australia | $42,787 |
| 87 | AFP Habitat | Chile | $42,520 |
| 88 | Maryland State Retirement | U.S. | $41,682 |
| 89 | AP Fonden 3 | Sweden | $41,441 |
| 90 | Alcatel-Lucent | U.S. | $41,180 |
| 91 | Northrop Grumman | U.S. | $41,072 |
| 92 | Illinois Teachers | U.S. | $40,848 |
| 93 | Bundes Pensionskasse | Switzerland | $40,454 |
| 94 | AP Fonden 2 | Sweden | $40,434 |
| 95 | United Parcel Service | U.S. | $40,395 |
| 96 | AP Fonden 4 | Sweden | $39,785 |
| 97 | First State Super | Australia | $39,653 |
| 98 | Barclays Bank U.K. | U.K. | $39,197 |
| 99 | AP Fonden 1 | Sweden | $38,692 |
| 100 | Wells Fargo | U.S. | $37,689 |
| 101 | Private Schools Employees | Japan | $37,375 |
| 102 | UniSuper | Australia | $36,422 |
| 103 | Sampension5 | Denmark | $36,370 |
| 104 | Teamsters, Western Conf. | U.S. | $35,524 |
| 105 | State Super | Australia | $35,328 |
| 106 | Missouri Schools & Education | U.S. | $34,552 |
| 107 | AFP Capital | Chile | $34,258 |
| 108 | British Coal Pension Schemes2 | U.K. | $33,907 |
| 109 | B.C. Municipal | Canada | $33,684 |
| 110 | AFP Cuprum | Chile | $33,587 |
| 111 | J.P. Morgan Chase | U.S. | $33,366 |
| 112 | BVV | Germany | $33,360 |
| 113 | Railways Pensions | U.K. | $33,306 |
| 114 | Kaiser | U.S. | $33,215 |
| 115 | Alabama Retirement | U.S. | $32,537 |
| 116 | Exxon Mobil | U.S. | $32,320 |
| 117 | Raytheon | U.S. | $31,690 |
| 118 | HSBC Bank | U.K. | $31,665 |
| 119 | BP | U.K. | $31,516 |
| 120 | Arizona State Retirement | U.S. | $31,509 |
| 121 | National Pension Association | Japan | $31,446 |
| 122 | British Airways | U.K. | $31,229 |
| 123 | FedEx | U.S. | $31,064 |
| 124 | Chevron | U.S. | $31,061 |
| 125 | BAE Systems | U.K. | $30,367 |
| 126 | Illinois Municipal | U.S. | $30,079 |
| 127 | Nevada Public Employees | U.S. | $30,076 |
| 128 | BVK des Kantons Zurich | Switzerland | $29,622 |
| 129 | Retirement Fund-KWAP9 | Malaysia | $29,361 |
| 130 | South Carolina Public Empl. | U.S. | $28,963 |
| 131 | Afore Banamex 8 | Mexico | $28,883 |
| 132 | Pennsylvania Employees | U.S. | $28,845 |
| 133 | National Grid1 | U.K. | $28,840 |
| 134 | Honeywell | U.S. | $28,339 |
| 135 | CSC | Australia | $28,316 |
| 136 | Indiana Public Retirement | U.S. | $28,023 |
| 137 | Petros | Brazil | $27,970 |
| 138 | Utah State Retirement | U.S. | $27,895 |
| 139 | National Pensions Reserve1 | Ireland | $27,854 |
| 140 | PensionDanmark | Denmark | $27,828 |
| 141 | Zilverfond | Belgium | $27,527 |
| 142 | Hewlett-Packard | U.S. | $27,295 |
| 143 | Rabobank | Netherlands | $27,177 |
| 144 | Connecticut Retirement | U.S. | $27,146 |
| 145 | ING St. Psf. | Netherlands | $27,064 |
| 146 | REST | Australia | $26,894 |
| 147 | AP Fonden 7 | Sweden | $26,670 |
| 148 | Texas Employees | U.S. | $26,613 |
| 149 | State Farm | U.S. | $26,514 |
| 150 | DuPont | U.S. | $26,067 |
| 151 | Iowa Public Employees | U.S. | $25,709 |
| 152 | UBS | Switzerland | $25,286 |
| 153 | Unilever7 | U.K. | $25,260 |
| 154 | VBL6 | Germany | $25,139 |
| 155 | Local Authorities Pension Board | Canada | $24,981 |
| 156 | Afore Sura8 | Mexico | $24,672 |
| 157 | Mississippi Employees | U.S. | $24,612 |
| 158 | Chrysler Group | U.S. | $24,538 |
| 159 | Duke Energy | U.S. | $24,536 |
| 160 | Proteccion | Colombia | $24,470 |
| 161 | ABN AMRO | Netherlands | $24,433 |
| 162 | Nestle7 | Switzerland | $24,221 |
| 163 | National Railroad | U.S. | $24,100 |
| 164 | Pfizer | U.S. | $24,080 |
| 165 | HESTA | Australia | $23,924 |
| 166 | Sunsuper | Australia | $23,915 |
| 167 | Alaska Retirement | U.S. | $23,718 |
| 168 | BASF7 | Germany | $23,623 |
| 169 | FUNCEF | Brazil | $23,301 |
| 170 | Johnson & Johnson | U.S. | $23,143 |
| 171 | Mitsubishi UFJ Financial1 | Japan | $22,975 |
| 172 | Industriens Pension | Denmark | $22,956 |
| 173 | Cbus | Australia | $22,905 |
| 174 | Strathclyde Pension Fund | U.K. | $22,692 |
| 175 | Citigroup | U.S. | $22,665 |
| 176 | State Pension | Finland | $22,524 |
| 177 | Migros-Genossenschafts-Bund | Switzerland | $22,241 |
| 178 | 3M | U.S. | $22,179 |
| 179 | Aviva OFE | Poland | $22,134 |
| 180 | Delta Air Lines | U.S. | $22,129 |
| 181 | Texas County & District | U.S. | $21,713 |
| 182 | Texas Municipal Retirement | U.S. | $21,632 |
| 183 | Vervoer | Netherlands | $21,508 |
| 184 | Novartis7 | Switzerland | $21,481 |
| 185 | British Steel Pension Scheme2 | U.K. | $21,435 |
| 186 | Greater Manchester | U.K. | $21,392 |
| 187 | Caterpillar | U.S. | $21,142 |
| 188 | ERAFP | France | $21,097 |
| 189 | Nippon Telegraph & Telephone1 | Japan | $20,774 |
| 190 | Shell Oil | U.S. | $20,763 |
| 191 | Afore Profuturo GNP8 | Mexico | $20,718 |
| 192 | Dow Chemical | U.S. | $20,592 |
| 193 | Phillips | Netherlands | $20,467 |
| 194 | Wal-Mart Stores | U.S. | $20,368 |
| 195 | San Francisco City & County | U.S. | $20,204 |
| 196 | Procter & Gamble | U.S. | $20,145 |
| 197 | Grafische Bedrijven | Netherlands | $20,055 |
| 198 | Ontario Pension Board | Canada | $19,759 |
| 199 | B.C. Public Service2 | Canada | $19,704 |
| 200 | AkzoNobel7 | U.K. | $19,647 |
| 201 | B.C. Teachers | Canada | $19,471 |
| 202 | Aviva | U.K. | $19,439 |
| 203 | Siemens9 | Germany | $19,328 |
| 204 | Exelon | U.S. | $19,163 |
| 205 | Government Pension | Thailand | $19,154 |
| 206 | Government Service Insurance6 | Philippines | $19,019 |
| 207 | Public Service Pension Fund | Taiwan | $18,878 |
| 208 | PepsiCo | U.S. | $18,843 |
| 209 | Merck | U.S. | $18,735 |
| 210 | Porvenir | Colombia | $18,663 |
| 211 | ESSSuper | Australia | $18,631 |
| 212 | GlaxoSmithKline | U.K. | $18,627 |
| 213 | CenturyLink | U.S. | $18,453 |
| 214 | Laegernes Pensionskasse | Denmark | $18,402 |
| 215 | Prudential Financial | U.S. | $18,368 |
| 216 | Teamsters, Central States | U.S. | $18,298 |
| 217 | Panasonic1 | Japan | $18,123 |
| 218 | Canada Post | Canada | $18,107 |
| 219 | Labor Insurance Fund | Taiwan | $17,700 |
| 220 | BBC1 | U.K. | $17,699 |
| 221 | Hydro-Quebec | Canada | $17,625 |
| 222 | Spoorwegpensioenfonds | Netherlands | $17,548 |
| 223 | PG&E | U.S. | $17,434 |
| 224 | Daimler | Germany | $17,358 |
| 225 | General Dynamics | U.S. | $17,309 |
| 226 | Illinois State Board | U.S. | $17,284 |
| 227 | SBB Pensionskasse | Switzerland | $17,258 |
| 228 | American Airlines | U.S. | $17,236 |
| 229 | United Methodist Church | U.S. | $17,207 |
| 230 | Magistrenes Pensionskasse | Denmark | $17,084 |
| 231 | PK Post | Switzerland | $17,017 |
| 232 | Bell Canada | Canada | $17,013 |
| 233 | Illinois State Universities | U.S. | $16,965 |
| 234 | Los Angeles Fire & Police | U.S. | $16,862 |
| 235 | Credit Suisse | Switzerland | $16,778 |
| 236 | Federal Reserve Employees | U.S. | $16,726 |
| 237 | Kentucky Teachers | U.S. | $16,636 |
| 238 | West Midlands Metropolitan | U.K. | $16,483 |
| 239 | City of Zurich | Switzerland | $16,476 |
| 240 | West Yorkshire2 | U.K. | $16,467 |
| 241 | Super SA | Australia | $16,424 |
| 242 | National Electric | U.S. | $16,293 |
| 243 | Rolls-Royce | U.K. | $16,195 |
| 244 | FEFSS | Portugal | $16,132 |
| 245 | Allianz7 | Germany | $16,089 |
| 246 | Fonds de Comp./Securite Sociale | Luxembourg | $16,086 |
| 247 | Mizuho Financial Group1 | Japan | $16,021 |
| 248 | World Bank | U.S. | $16,018 |
| 249 | ConocoPhillips | U.S. | $15,987 |
| 250 | New York State Def. Comp. | U.S. | $15,943 |
| 251 | International Paper | U.S. | $15,898 |
| 252 | Canadian National Railways | Canada | $15,872 |
| 253 | Baden-Wurttembergische | Germany | $15,855 |
| 254 | Deere | U.S. | $15,853 |
| 255 | GESB | Australia | $15,828 |
| 256 | Kansas Public Employees | U.S. | $15,593 |
| 257 | Sygeplejersker | Denmark | $15,416 |
| 258 | Telmex | Mexico | $15,411 |
| 259 | Louisiana Teachers | U.S. | $15,373 |
| 260 | MetLife | U.S. | $15,241 |
| 261 | Abbott Laboratories | U.S. | $15,166 |
| 262 | OPSEU | Canada | $15,009 |
| 263 | Quebec Construction Industry | Canada | $15,001 |
| 264 | Integra10 | Peru | $14,828 |
| 265 | Zenkoku Shinyo Kinko1 | Japan | $14,818 |
| 266 | Nordrheinische Arzteversorgung 6 | Germany | $14,814 |
| 267 | BP America | U.S. | $14,796 |
| 268 | RWE | Germany | $14,622 |
| 269 | Tapiola Mutual Pension Ins. | Finland | $14,559 |
| 270 | Georgia Employees | U.S. | $14,530 |
| 271 | National Rural Electric | U.S. | $14,505 |
| 272 | United Continental Holdings | U.S. | $14,500 |
| 273 | Government Employees Pension | South Korea | $14,463 |
| 274 | Hitachi1 | Japan | $14,316 |
| 275 | Teachers' Pension | South Korea | $14,312 |
| 276 | New Zealand Superannuation5 | New Zealand | $14,205 |
| 277 | Air Canada | Canada | $13,874 |
| 278 | New Mexico Public Empl. | U.S. | $13,855 |
| 279 | Southern Co. | U.S. | $13,790 |
| 280 | Social Insurance Funds | Vietnam | $13,761 |
| 281 | Consolidated Edison | U.S. | $13,724 |
| 282 | Siemens USA | U.S. | $13,714 |
| 283 | New York City Def. Comp. | U.S. | $13,543 |
| 284 | Walt Disney | U.S. | $13,476 |
| 285 | Ohio Police & Fire | U.S. | $13,471 |
| 286 | Tesco1, 7 | U.K. | $13,458 |
| 287 | Idaho Public Employees | U.S. | $13,427 |
| 288 | OFE PZU | Poland | $13,310 |
| 289 | Telstra Super | Australia | $13,071 |
| 290 | HOSTPLUS | Australia | $13,051 |
| 291 | Banco Santander (U.K.) | U.K. | $13,037 |
| 292 | Operating Eng. International | U.S. | $13,001 |
| 293 | Intel | U.S. | $12,994 |
| 294 | Hawaii Employees | U.S. | $12,915 |
| 295 | Los Angeles City Employees | U.S. | $12,870 |
| 296 | Arkansas Teachers | U.S. | $12,781 |
| 297 | AerzteVersorgung Westfalen Lippe | Germany | $12,759 |
| 298 | Oklahoma Teachers | U.S. | $12,647 |
| 299 | Deutsche Bank | Germany | $12,606 |
| 300 | NPF Gazfond3 | Russia | $12,602 |
| Total | $14,857,829 | ||
| 1 As of March 31, 2014; 2 As of March 31, 2013; 3 As of Jan. 1, 2014; 4 Global figure (ex-U.S.); 5 As of June 30, 2013; 6 Estimate; 7 Global figure; 8 As of May 29, 2014; 9 As of Sept. 30, 2013; 10 As of April 30, 2014. | |||
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