April 25, 2025
(Estimates in USD, based on latest disclosures, TIC data, and annual reports)
| Institution | Country | Total US Assets | US Equities | US Bonds/Fixed Income | Other US Assets (Real Estate, Alternatives) | Notes |
| Norges Bank Investment Mgmt (NBIM) | Norway | ~450–450–500B | ~350–350–400B | ~50–50–100B | Minimal | World’s largest SWF; heavy focus on US tech stocks. |
| Government Pension Investment Fund (GPIF) | Japan | ~200–200–250B | ~100–100–150B | ~50–50–100B | Minimal | Japan’s largest pension fund; passive equity focus. |
| Canada Pension Plan Investment Board (CPPIB) | Canada | ~200–200–250B | ~100–100–150B | ~$50B | ~$50B (real estate, infra) | Active in private US markets. |
| APG Asset Management | Netherlands | ~150–150–200B | ~80–80–120B | ~50–50–80B | ~$20B (real estate) | Manages Dutch civil service pensions. |
| AustralianSuper | Australia | ~100–100–150B | ~60–60–100B | ~30–30–50B | ~10–10–20B | Largest AU super fund; growing US exposure. |
| China Investment Corp (CIC) | China | ~200–200–300B | ~100–100–150B | ~100–100–150B | Minimal | Limits disclosed due to geopolitical sensitivity. |
| Abu Dhabi Investment Authority (ADIA) | UAE | ~150–150–200B | ~100–100–130B | ~50–50–70B | ~$20B (real estate) | Diversified across sectors. |
| GIC Private Limited | Singapore | ~100–100–150B | ~60–60–90B | ~40–40–60B | ~10–10–20B | Active in US startups and real estate. |
| Temasek Holdings | Singapore | ~80–80–120B | ~50–50–80B | ~20–20–40B | ~$10B (VC/PE) | Concentrated in tech and finance. |
| Kuwait Investment Authority (KIA) | Kuwait | ~50–50–100B | ~30–30–60B | ~20–20–40B | Minimal | Conservative bond allocations. |
| Saudi Public Investment Fund (PIF) | Saudi Arabia | ~50–50–80B | ~30–30–50B | ~10–10–20B | ~$10B (VC/gaming) | Rapidly increasing US tech stakes. |
| Qatar Investment Authority (QIA) | Qatar | ~40–40–60B | ~20–20–40B | ~10–10–20B | ~$10B (real estate) | Heavy investor in US infrastructure. |
| Future Fund (Australia) | Australia | ~30–30–50B | ~20–20–30B | ~10–10–20B | Minimal | Sovereign wealth fund of Australia. |
| Caisse de dépôt et placement du Québec (CDPQ) | Canada | ~50–50–70B | ~30–30–40B | ~10–10–20B | ~$10B (infra) | Active in North American private equity. |
| Ontario Teachers’ Pension Plan (OTPP) | Canada | ~40–40–60B | ~20–20–30B | ~10–10–20B | ~$10B (real estate) | Significant US real estate holdings. |
| National Pension Service (NPS) of Korea | South Korea | ~80–80–120B | ~50–50–80B | ~30–30–40B | Minimal | Increasing US equity allocations. |
| Swiss National Bank (SNB) | Switzerland | ~200–200–250B | ~100–100–150B | ~$100B | Minimal | Holds U.S. stocks as FX reserves. |
| Hong Kong Monetary Authority (HKMA) | Hong Kong | ~50–50–80B | ~20–20–40B | ~30–30–40B | Minimal | Manages Hong Kong’s reserves. |
| Alaska Permanent Fund | USA (Alaska) | ~20–20–30B | ~10–10–20B |