Top 300 World’s Largest Pension Funds, 2013

May 28, 2014 0 comments

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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