Coalition to Oppose the Arms Trade

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Canada's Largest Pension Funds and their $5.8 billion investments in 66 firms
supporting Israel's military-, police-, surveillance-, prison-industrial complex

(Click here for a table showing these funds' investments in the world's top-ranking war industries, 2010)
(Click here for a table showing these funds' investments in contractors building the F-35 warplane)
(Click here for a table showing these funds' investments in top ranking war industries prior to 2010)
(
Click here for a table showing these funds' investments in firms that
design, development or manufacture nuclear weapons)
(Click here for a table showing these funds' investments in the manufacturers of cluster munitions)

Click here to sign COAT's online PETITION:
"Stop CPP investments in firms selling military, police, prison-related products to Israel"

Company Name
Click the company names
below for articles from
COAT's publication:
"Profiting from
Israeli Apartheid:

CPP Investments in
Corporations Supporting
Israel's Military, Police,
Surveillance, Prison-
Industrial Complex 
(Part 1)
"
Canada's Six Largest Pension Funds Company
Totals

(CPP in 2012
plus the five other
 funds in 2011)
Alberta
Investment
Management
Corporation
(AIMCo)
Caisse de dépôt
et placement
du Québec

(Caisse)
(Quebec
Pension Plan)
Canada Pension Plan (CPP) Ontario
Municipal
Employees
Retirement
System
(OMERS)
Ontario
Teachers'
Pension
Plan
(OTPP)
Public
Sector
Pension
Investments
(PSPI)
2011
(includes only direct investments)
2011
(includes only
direct investments)
2012
(includes direct and indirect investments)*
2011
(includes only direct investments)
(values in Canadian dollars)
3M Co.   56,238,000 7,000,000 60,000,000 28,319,000 131,561,000 18,767,000 294,885,000
Amdocs     13,000,000 7,000,000   342,000   7,342,000
Analog Devices Inc.   9,571,000 12,000,000 16,000,000 257,000 4,466,000 3,448,000 33,742,000
AT&T Inc. 4,256,000 199,194,000 120,000,000 255,000,000 50,299,000 463,000 62,339,000 571,551,000
BAE Systems     1,000,000 30,000,000       30,000,000
Bank Hapoalim     8,000,000 7,000,000       7,000,000
Bezeq Israeli Telecommunication     9,000,000 6,000,000       6,000,000
Bharat Electronics     1,000,000 1,000,000       1,000,000
CAE 2,646,000 20,291,000 25,000,000 16,000,000 1,187,000   42,814,000 82,938,000
Carlyle Group     75,000,000 75,000,000       75,000,000
Caterpillar Inc.   69,626,000 3,000,000 36,000,000 5,994,000 2,038,000 17,578,000 131,236,000
Cellcom Israel Ltd.   1,219,000 3,000,000 1,000,000       2,219,000
Cemex Sab Cpo     15,000,000 2,000,000       2,000,000
Cisco Systems Inc.   95,786,000 52,000,000 159,000,000 31,828,000 78,161,000 40,690,000 405,465,000
CRH PLC     15,000,000 17,000,000       17,000,000
Daewoo Engineering
& Construction
    3,000,000 2,000,000       2,000,000
Daimler AG     3,000,000 -       -
Delek Group     2,000,000 1,000,000       1,000,000
Dell Inc.   22,339,000 19,000,000 64,000,000 246,000 32,263,000 8,087,000 126,935,000
Discount Investment Corp     1,000,000 -       1,000,000
Doosan Corp.     3,000,000 3,000,000       3,000,000
Eaton Corp.   12,941,000 2,000,000 6,000,000 9,930,000 1,997,000 4,461,000 35329000
Elbit Systems Ltd.   1,288,000 2,000,000 2,000,000       3,288,000
EMC Corp.   43,170,000 18,000,000 64,000,000     15,971,000 123,141,000
Evraz Group SA     1,000,000 6,000,000       6,000,000
Fiat Industrial SpA     17,000,000 -       -
FIAT SpA     6,000,000 37,000,000       37,000,000
Finmeccanica SpA     17,000,000 10,000,000       10,000,000
Fujitsu     24,000,000 26,000,000       26,000,000
Hewlett Packard 3,643,000 50,737,000 64,000,000 80,000,000 10,695,000 50,755,000 17,159,000 212,989,000
Hitachi Ltd.     54,000,000 73,000,000       73,000,000
Honeywell International   42,795,000 2,000,000 9,000,000 13,332,000 5,659,000 12,661,000 83,447,000
Hyundai Heavy Industries     45,000,000 30,000,000       30,000,000
Hyundai Motor Co.     53,000,000 73,000,000       73,000,000
Intel Corp.   121,968,000 53,000,000 205,000,000 38,369,000 101,433,000 41,272,000 508,042,000
Israel Discount Bank     2,000,000 2,000,000       2,000,000
ITT Corp.     1,000,000 3,000,000 2,787,000 2,395,000 2,867,000 11,049,000
Koninklijke DSM NV     7,000,000 46,000,000       46,000,000
Kubota Corp.     13,000,000 13,000,000       13,000,000
Leumi Le Israel     11,000,000 9,000,000       9,000,000
Lockheed Martin     5,000,000 78,000,000 4,209,000 12,022,000 7,367,000 101,598,000
Microsoft Corp.. 8,401,000 190,679,000 105,000,000 367,000,000 65,635,000 136,158,000 68,459,000 836,332,000
Mitsubishi Motors Corp.     8,000,000 5,000,000       5,000,000
Mizrahi Tefahot Bank     3,000,000 2,000,000       2,000,000
Motorola Solutions 4,721,000 13,268,000 2,000,000 32,000,000 451,000 2,083,000 4,661,000 57,184,000
Navistar International     8,000,000 -       -
NetApp Inc.   22,551,000 20,000,000 21,000,000   4,039,000 4,607,000 52,197,000
Nice Systems Ltd.     5,000,000 4,000,000       4,000,000
Oracle Corp. 5,674,000 101,923,000 1,000,000 143,000,000 13,783,000 64,255,000 45,294,000 373,929,000
Parker Hannifin Corp.   8,921,000 2,000,000 30,000,000   1,622,000 3,609,000 44,152,000
Partner Communications     3,000,000 1,000,000       1,000,000
Paz Oil Co. Ltd.     1,000,000 1,000,000       1,000,000
Renault SA     19,000,000 39,000,000       39,000,000
Rockwell Collins   8,676,000 6,000,000 4,000,000 13,861,000 165,290,000 2,990,000 194,817,000
Rolls Royce     22,000,000 17,000,000       17,000,000
Siemens AG     13,000,000 15,000,000       15,000,000
Sony Corp.     57,000,000 42,000,000       42,000,000
Tata Motors Ltd.     9,000,000 10,000,000       10,000,000
Texas Instruments Inc.   25,538,000 31,000,000 37,000,000 1,237,000 14,617,000 11,346,000 89,738,000
Toyota Motor Corp.     170,000,000 197,000,000       197,000,000
Tyco Electronics Ltd.     7,000,000 -       -
Tyco International Ltd. 5,976,000 24,014,000 60,000,000 66,000,000 4,656,000 3,121,000 6,972,000 110,739,000
Valero Energy Corp.   12,196,000 3,000,000 32,000,000 14,960,000 1,697,000 3,748,000 64,601,000
VeriSign Inc.   5,094,000 66,000,000 56,000,000   1,354,000 1,753,000 64,201,000
Verizon Communications 9,336,000 126,254,000 55,000,000 159,000,000 11,797,000 545,000 38,383,000 345,315,000
VMware     4,000,000 20,000,000       20,000,000
Pension Fund Totals    44,653,000 1,286,277,000 1,466,700,000 2,830,000,000 323,832,000 818,336,000 487,303,000 5,790,401,000

Note:

2012 (includes direct and indirect investments)*

* In its latest annual report on investments (dated March 2012, published online in June 2012), the CPPIB began a new method of tabulating its investments.  Since its creation in the late 1990s, the CPPIB has published annual reports which documented the fund's investments in corporations.  Until this year, the number of shares and the value of those shares as disclosed in the CPPIB's reports reflected the fund's direct ownership in those companies. However, this is no longer the case.  In 2012, for the first time, the figures released by CPPIB, include both direct and indirect investments in these corporations.  This was explained in the 2012 CPPIB report as follows:

"[W]e have revised our disclosure standards. This year and going forward, in addition to physical equity positions, the public equity disclosure lists include exposures obtained through index securities, swaps and other derivative instruments. The net long positions are reported to provide a more complete view of our economic equity exposure to individual company names."

Unfortunately, a previous version of the above COAT table made the error of not noting this difference between the CPPIB's old and new reporting methods.

This and other COAT tables also erred in stating that the increase in the number of shares, and the value of CPPIB holdings in various companies that were disclosed in the CPPIB's annual reports between 2011 to 2012 were a result of the CPPIB's purchase of additional stocks in these corporations.  However, these increased amounts seen in the CPPIB's 2012 report do not reflect an increase in the CPPIB's direct shares in these stocks but are merely the result of its new accounting methods, namely the addition of its indirect holdings in these companies to its 2012 report.  COAT regrets this error and apologises for any inconvenience it may have caused.

Sources:

Canada Pension Plan (2011)
Private Equity Funds Commitments (December 31, 2010)
Complete list of Canadian publicly-traded equity holdings (as of March 31, 2011)
Complete list of Foreign publicly-traded equity holdings (as of March 31, 2011)

Canada Pension Plan (2012)
List of Canadian publicly-traded equity holdings (as of March 31, 2012)
List of foreign publicly-traded equity holdings (as of March 31, 2012)
Private Equity Funds Commitments (December 31, 2011)

Five Other Large Canadian Pension Funds (2011)
Alberta Investment Management Corp
Form 13F, Securities and Exchange Commission (December 31, 2011)

Ontario Municipal Employees Retirement System
Form 13F, Securities and Exchange Commission (December 31, 2011)

Caisse de dépôt et placement du Québec
Form 13F, Securities and Exchange Commission (December 31, 2011)

Ontario Teachers' Pension Plan
Form 13F, Securities and Exchange Commission (September 30, 2011)

Public Sector Pension Investments
Form 13F, Securities and Exchange Commission (September 30, 2011)
 

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