Top 300 World’s Largest Pension Funds, 2013



Previously, we looked at top 26 world’s sovereign largest pensions fund. The different between sovereign and non-sovereign funds are the fund ownership.

Sovereign fund is established by national authorities for the meeting of pension liabilities. So, this raking is quite similar to world’s largest pension funds but without private funds such as General Motors pension funds.

Malaysian largest pension fund, EPF drop 2 spots from 10th in 2012 to 12th spot in 2013 but the funds’s total assets grew from $153.89 billion to $175.72 billion. On the other hand, KWAP up 13 spots from 130th in 2012 to 117th in 2013. The total assets grew from $24.86 billion to $29.06 billion.

The table below shows top 300 world’s largest pension funds. The data shown here are as of end 2012 & early 2013.

Rank Fund Country Total Assets (USD million)
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 Officials Japan 201,443
8 Central Provident Fund Singapore 188,430
9 Canada Pension Canada 184,425
10 National Social Security China 177,486
11 PFZW 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 GEPF 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’ Provident India 68,138
40 Public School Employees Japan 67,976
41 BT Group U.K. 67,511
42 General Electric U.S. 67,155
43 Ohio State Teachers U.S. 65,485
44 Royal Dutch Shell 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 Security 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 Pension U.K. 50,642
65 Verizon U.S. 49,829
66 Lloyds TSB Group U.K. 49,322
67 Pennsylvania School Empl. U.S. 49,050
68 FRR France 48,301
69 Healthcare of Ontario Canada 47,661
70 Public Service Pension Plan 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 PME Netherlands 43,160
77 Royal Bank of Scotland Group U.K. 42,830
78 Colorado Employees U.S. 42,502
79 Afore XXI Banorte 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 Schemes U.K. 34,114
106 Wells Fargo U.S. 33,884
107 AFP Cuprum Chile 33,246
108 Sampension Denmark 33,074
109 Petros Brazil 32,571
110 B.C. Municipal 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. 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 Grid 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 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 Financial Japan 25,282
141 Fund 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 & Telephone 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 Unilever 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 Nestle Switzerland 22,597
160 Hesta Australia 22,479
161 Fund Sunsuper Australia 22,418
162 Mississippi Employees U.S. 22,369
163 Pfizer U.S. 22,159
164 BASF Germany 22,090
165 3M U.S. 22,010
166 VBL Germany 21,643
167 Cbus Australia 21,465
168 Panasonic Japan 21,269
169 Industriens Pension Denmark 21,241
170 Citigroup U.S. 21,220
171 Afore Sura Mexico 21,130
172 Strathclyde Pension Fund U.K. 21,080
173 Alaska Retirement U.S. 21,013
174 AkzoNobel U.K. 20,294
175 Novartis 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 Reserve Ireland 20,059
181 Johnson & Johnson U.S. 19,709
182 Aviva OFE Poland 19,696
183 B.C. Public Service Canada 19,542
184 Porvenir Colombia 19,534
185 British Steel Pension Scheme 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 Siemens Germany 18,418
199 Afore Profuturo GNP 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 Bank 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 Group Japan 17,462
210 CenturyLink U.S. 17,247
211 Wal-Mart Stores U.S. 17,223
212 Zenkoku Shinyo Kinko Japan 17,153
213 Grafische Bedrijven Netherlands 17,097
214 Ontario Pension Board Canada 17,088
215 Government Service Insurance Philippines 16,887
216 Canada Post Canada 16,867
217 Telmex Mexico 16,816
218 PG&E U.S. 16,800
219 Labor Insurance Fund Taiwan 16,685
220 BBC U.K. 16,568
221 Hydro-Quebec Canada 16,499
222 Hitachi Japan 16,365
223 Zurich Financial Services 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 Verboer 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 Allianz 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 Yorkshire U.K. 14,268
260 Baden-Wurttembergische Germany 14,230
261 Nordrheinische Ärzteversorgung 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’ Pension 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 Superannuation 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 Motor 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 Fujitsu Japan 12,334
286 Hoffman La Roche Switzerland 12,261
287 Banco Santander (U.K.) U.K. 12,133
288 Consolidated Edison U.S. 12,144
289 Prima Peru 12,085
290 Siemens (USA) U.S. 11,974
291 Sumitomo Mitsui Financial Group 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 Tesco U.K. 11,704
296 Integra 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

Source : Towers Watson


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