Equable Analysis: State and Local Pension Funds Have at Least $578 Billion Invested in AI Companies

AI-related companies make up 35.1% of reported public pension equity holdings as of June 30, 2026; a new interactive breaks out exposure by pension fund NEW YORK, Nov. 4, 2026 /PRNewswire/ -- State and local pension funds have between $578.1 billion and $706.6 billion invested in AI-related companies, according to an analysis released today by Equable Institute. This accounts for 9% to 11% of the total $6.42 trillion in state and local pension assets, as of June 30, 2026. Equable considers this range a conservative, lower-bound estimate. As of June 30, 2026, the 51 largest publicly traded AI-related companies made up 35.1% of all reported public equity investments by state and local pension funds. The Magnificent 7 account for 63.