Equity Represents About 1/3rd of Pension Fund Investment in the United States, OECD
Total pension fund investment in the United States was valued at $18.8 trillion at the end of 2019.

2019 returns were also very strong, with preliminary estimates coming in at a whopping 10% — although much of this was probably due to the miraculous reversal seen in the indexes following that brief Christmas entry into bear market territory at the end of 2018.

Strangely, there seems to be only 2 countries that show a negative return: Poland and Czech Republic.
As you can see, about a third of pension fund assets are invested in equities.

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