The Army Pension Trust Company, one of the largest pension funds in the world, is raising its stakes in some of the biggest companies in the U.S. military.
In a filing with the Securities and Exchange Commission, the trust said that it has raised more than $3 billion to invest in companies in sectors such as healthcare, logistics, energy and manufacturing.
The investments include investments in the pharmaceutical and pharmaceutical supply companies, and the investment in the aircraft maker Lockheed Martin, the pension fund said.
The Army has more than 2,000 active duty and retired soldiers in the armed forces, including more than 8,000 soldiers and Marines, and more than 1,000 civilians.
The pension fund has more money than all other private sector pension funds combined, and it has more cash reserves than nearly every private company in the S&P 500.
While the company has been making investments in many of the companies that are in its portfolio, the bulk of the money has gone to the Army’s own fund, known as the Post-9/11 Fund, or PF fund.
The fund is expected to lose money this year because of the military budget sequester.
At the same time, the Army has been raising funds to buy shares of companies that have been bought up by other private funds.
The PF fund is now worth more than half a trillion dollars.
The pension fund filed a statement on Thursday saying that it had raised $3.5 billion to date and that it expects to have a total of $4.7 billion in cash by the end of the year.
The company said that the new investments are aimed at supporting its investments in its own funds and that the funds have grown to include more than 100 companies.
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