State and Local Pension Funds Deeply Invested in AI Companies: $578 Billion and Beyond
State and Local Pension Funds: A Closer Look at AI Investments
In a recent analysis conducted by the Equable Institute, it has been revealed that state and local pension funds are significantly vested in artificial intelligence (AI) companies, with estimates ranging from $578.1 billion to $706.6 billion. This allocation accounts for approximately 9% to 11% of the overall state and local pension assets, which amount to around $6.42 trillion as of June 30, 2026.
The report indicates that the 51 largest publicly traded AI-related companies constitute about 35.1% of all reported public pension equity holdings. A substantial portion of this investment is concentrated in what analysts refer to as the