The estimated value of the New York State Common Retirement Fund was $283.9 billion at the end of the first quarter of state fiscal year 2025-26, state Comptroller Tom DiNapoli said Wednesday.
For the three-month period ending June 30, fund investments returned an estimated 5.46%, the comptroller said.
“Financial markets have seen turbulence in the past few months, but returns for the Fund have been positive, even amid concerns over tariffs and a slowing job market,” DiNapoli said in a statement. “Thanks to our diverse portfolio and a long-term approach, the Fund is solidly positioned to continue to provide the retirement benefits our state and local government employees have earned.”
At the end of the last state fiscal year on March 31, the audited value of the fund was $273.1 billion.
According to the comptroller, the pension fund had 41.2% of its assets invested in publicly traded equities, with the remaining assets invested in cash, bonds and mortgages (21.9%), private equity, real estate and other things.
New York’s pension fund is one of the largest public pension funds in the U.S.