Who invests?

Who is trying to profit from weapons of mass destruction? Is yours on the list? Search the table to find your institution.  Click on the record to see in what companies they invest.

Is your bank on the list?  Time to call customer service!

Don’t Bank on the Bomb does not list every single investment into the companies listed as part of the nuclear weapon industry. The report does not include investments made by governments, universities, or churches, only financial institutions. This selection of financial institutions is limited by a reporting threshold. Only share and bond holdings larger than 0.5% of the total number of outstanding shares of the nuclear weapon producing companies are listed. The reason for this is practical: a threshold of 0.1% for example would have resulted in a report profiling nearly 3,000 financial institutions, with mostly minuscule investments. Instead, this report focuses on the institutional investors that choose every day where to put their clients’ money.

The information is also limited to information available in the public domain. Although the sources on which the information is based are reputable and well-known, they are themselves not comprehensive. The numbers provided in the report are therefore a conservative estimation of the total global investments in the nuclear weapons industry.


2020 Investors

2020 Investors 

Data comprising financial institutions participating in loans and underwriting deals since 1 January 2018, as well as those involved in loans which have been closed before that date but have not yet matured before 1 October 2019.

2019 Report

Highlights from Shorting our Security

When examining the top companies involved in the nuclear weapon industry, we found over 748 billion USD invested in these companies by 325 financial institutions between January 2017 and January 2019. This reflects investments in the top 18 nuclear weapon producing companies, and is a snapshot provided for comparison purposes.These investments do not include loans that have expired or matured as of 1 January 2019 and reflect a threshold of 0.5% outstanding stocks and bonds.

 

 

More than half of all investments were made by ten financial institutions: Vanguard, BlackRock, Capital Group, State Street, Verisight (now known as Newport Group), T. Rowe Price, Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup.

 

 

Feel free to sort and scroll through the full 2019 dataset

Financial InstitutionCountryTotal Investments (US Millions)AecomAerojet RocketdyneAirbusBAE SystemsBechtelBoeingBWX TechnologiesFluorGeneral DynamicsHoneywellHuntington Ingalls IndustriesJacobs EngineeringLarsen & ToubroLockheed MartinNorthrop GrummanSafranSercoThales
Abu Dhabi Investment CouncilUnited Arab Emirates50.050
Academy SecuritiesUnited States150.631127533
Aditya Birla GroupIndia161.5161
AegonNetherlands320.929103189
AetnaUnited States12.613
Affiliated Managers GroupUnited States 1,244.7 16240169820
AJOUnited States101.6102
Alkeon Capital ManagementUnited States75.976
AllianzGermany936.713631251271091474110712715
AllstateUnited States788.1414310214531664117572
Alyeska Investment GroupUnited States220.380140
American Century InvestmentsUnited States 2,264.6 2,163 101
American Equity Investment Life HoldingUnited States148.860403117
American FamilyUnited States323.2101105117
American Financial GroupUnited States44.73312
American International Group (AIG)United States608.1786967138270103
American National InsuranceUnited States36.837
American United Mutual InsuranceUnited States127.133413023
Ameriprise FinancialUnited States 6,904.8 42292 2,403 77536 1,722 7 1,158 63730
ANZAustralia 1,314.0 28115912257042145952581373376
Apollo Global ManagementUnited States50.050
Apple Financial HoldingsUnited States100.4100
Apto PartnersUnited States16.016
AQR Capital ManagementUnited States 2,937.5 1,833 566539
Ariel Capital HoldingsUnited States62.963
Aristotle Capital ManagementUnited States314.0314
Arovid AssociatesUnited States42.142
Artisan PartnersUnited States 1,122.0 408241305168
ASB HawaiiUnited States10.010
Auto-Owners InsuranceUnited States12.613
AvivaUnited Kingdom239.820606154
AXAFrance 1,315.9 13 1,283 514
AXA EquitableUnited States 3,733.7 53197 1,676 937613971412
Axis BankIndia50.651
BairdUnited States45.946
Banco Bilbao Vizcaya Argentaria (BBVA)Spain 4,280.8 52733133991 2,528 297167
Banco de SabadellSpain127.07453
Bank HapoalimIsrael56.857
Bank of AmericaUnited States 29,032.9 1,828 63226591828 4,512 334 2,360 6,145 4,324 781593 4,750 1,516 73
Bank of ChinaChina403.5259145
Bank of East AsiaChina74.11559
Bank of IrelandIreland43.443
Bank of New York MellonUnited States 9,028.8 7048510 4,015 62203642 1,697 13472754688134
Bank of Philippine IslandsPhilippines33.333
BarclaysUnited Kingdom 5,038.9 264331 1,094 51937633 1,456 200283252230
Baron CapitalUnited States34.635
BayernLBGermany518.6115259145
BB&TUnited States424.1283713616657
Beach Point Capital ManagementUnited States50.050
BlackRockUnited States 61,200.1 463412 1,990 1,710 25,382 404577 3,665 7,882 927650639 6,229 4,193 4,492 65 1,518
Blaylock Beal VanUnited States118.497633
BMO Financial GroupCanada 1,589.9 284 1,152 11440
BNP ParibasFrance 9,967.3 1,700 84691 1,280 503326 2,130 297 1,271 302784438
BOK FinancialUnited States43.644
BPCE GroupFrance 2,524.0 2945544 1,054 943
Brown Advisory ManagementUnited States321.4321
Cacti Asset ManagementUnited States50.851
Caisse de dépôt et placement du QuébecCanada682.9124559
Caixa Geral de DepósitosPortugal33.333
Calamos InvestmentsUnited States5.05
Canara BankIndia10.010
Capital GroupUnited States 59,096.3 77 15,183 2,237 18,447 439 5,385 9,393 3,405 4,220 311
Capital One FinancialUnited States814.322746100276166
Cardinal Capital Management (US)United States41.241
Carillon Tower AdvisersUnited States41.41823
Carlyle GroupUnited States100.56041
Carmignac GestionFrance36.637
CastleOak SecuritiesUnited States9.29
Cathay FinancialTaiwan49.924232
Cathay General BancorpUnited States88.944378
Central Pacific Financial CorporationUnited States6.06
Chang Hwa Commercial BankTaiwan40.12020
Charles SchwabUnited States 2,786.0 33 1,681 43576356853
CI FinancialCanada275.0275
CIBCCanada85.085
CignaUnited States19.920
Cincinnati FinancialUnited States8.08
CitadelUnited States870.1186187497
CITICChina28.028
CitigroupUnited States 17,016.7 20120481763828 4,975 841208 4,480 236 1,756 1,277 950
Citizens Financial GroupUnited States467.38210310733142
CL King & AssociatesUnited States9.29
CNO Financial GroupUnited States32.232
ComericaUnited States75.753617
CommerzbankGermany 1,322.3 1014959131313733153
Commonwealth Bank of AustraliaAustralia188.011573
Crédit AgricoleFrance 7,788.4 819 2,572 91228382186206145704 1,409 73974
Crédit Mutuel CIC GroupFrance 1,497.0 443319122485493230
Credit SuisseSwitzerland 1,312.9 11540913776
CTBC Financial HoldingTaiwan33.333
Cuna Mutual GroupUnited States1.62
Danske BankDenmark260.1115145
Dassault FamilyFrance 6,772.5 6,772
Davis Selected AdvisersUnited States266.4266
DBSSingapore681.611526922573
Denver InvestmentsUnited States17.8314
Deutsche BankGermany 6,757.4 29 1,171 325 2,301 69 1,790 8302763
Development Bank of JapanJapan300.0300
Dimensional Fund AdvisorsUnited States 1,973.0 15683 1,114 4812386192171
Divine Capital MarketsUnited States4.55
Drexel HamiltonUnited States119.9117633
DSP GroupIndia159.8160
DZ BankGermany 1,525.1 115189826395
E.SUN FinancialTaiwan86.95433
EADS ESOP (Airbus Employees)France 1,542.4 1,542
Eagle Financial BancorpUnited States12.913
East Side CapitalUnited States71.071
Eastern BankUnited States56.857
Eaton VanceUnited States 2,181.9 2,070 1498
Empresas Juan YarurChile19.720
Farallon Capital ManagementUnited States362.5363
FBR & CoUnited States1.11
Federated InvestorsUnited States9.610
Fidelity InternationalUnited Kingdom215.212392
Fidelity InvestmentsUnited States 15,700.1 8554338 6,349 84307 1,639 970 1,042 343919 2,242 386221
Fiera CapitalCanada4.04
Fifth Third BancorpUnited States709.9176823037574
First Abu Dhabi BankUnited Arab Emirates 1,275.1 90118922543376
First Financial HoldingTaiwan57.12532
First HawaiianUnited States96.296
First HorizonUnited States64.965
First Midwest BancorpUnited States43.644
First Niagara FinancialUnited States56.857
First Trust AdvisorsUnited States25.826
FirstBankUnited States15.015
FirstMeritUnited States33.333
Fisch Asset ManagementSwitzerland41.141
Focus Financial PartnersUnited States101.4101
Franklin ResourcesUnited States 5,922.6 16 1,668 1,305 129200781 1,111 7920040428
Fundación Bancaria IbercajaSpain10.811
Fuyo General LeaseJapan214.1214
General Insurance Corporation of IndiaIndia434.6435
Geode Capital ManagementUnited States 8,742.2 5123 4,498 55105679 1,492 155122945618
GGCPUnited States286.8287
Goldman SachsUnited States 8,595.0 611626591 3,429 249208 2,490 151222304 1,109
Great Pacific SecuritiesUnited States12.713
Greenhaven AssociatesUnited States593.644550
GroupamaFrance68.568
Groupe La FrancaiseFrance42.042
Guardian Life Insurance Company of AmericaUnited States149.525783512
Guggenheim CapitalUnited States388.31130364716091203
Guzman & CoUnited States11.311
Hancock WhitneyUnited States45.045
Hotchkis & Wiley Capital ManagementUnited States14.214
Housing Development Finance CorporationIndia 1,160.9 1,161
HSBCUnited Kingdom 2,976.5 52748137629727913773806
Hua Nan FinancialTaiwan46.246
ICICI BankIndia 1,408.2 328 1,080
IKB Deutsche Industriebank AktiengesellschaftGermany163.2163
Industrial and Commercial Bank of ChinaChina712.865115236297
ING GroupNetherlands612.8115498
Intesa SanpaoloItaly567.717810020584
Intrinsic Value InvestorsUnited Kingdom39.540
InvescoUnited Kingdom 2,965.3 1186 1,416 8589 1,027 14084
Investec GroupSouth Africa150.413416
Jacobs Levy Equity ManagementUnited States49.349
Janus HendersonUnited Kingdom 6,104.9 4,575 1226945279478330
JM FinancialIndia50.651
JPMorgan ChaseUnited States 23,962.1 70510235091228 5,452 356 4,776 3,684 504127 1,756 4,771 30073687
Jupiter Fund ManagementUnited Kingdom147.7611824
Kelso & CompanyUnited States91.491
KeyCorpUnited States226.1827074
KfWGermany115.1115
Kotak Mahindra BankIndia218.7219
L&T Employees Welfare FoundationIndia 3,017.7 3,018
L&T Finance HoldingsIndia190.4190
Land Bank of TaiwanTaiwan20.020
Landesbank Baden-Württemberg (LBBW)Germany115.1115
Landesbank Hessen-ThüringenGermany148.111533
LazardUnited Kingdom 1,120.6 766354
Lebenthal HoldingsUnited States13.514
Legal & GeneralUnited Kingdom 2,092.0 363 1,598 445829
Legg MasonUnited States 2,554.0 13822391318691 1,167 17210992012
Letko Brosseau & AssociatesCanada48.448
Liberty Mutual InsuranceUnited States283.21568615980
Life Insurance Corporation of IndiaIndia 4,319.0 4,319
Lincoln Peak Capital ManagementUnited States47.848
Lloyds Banking GroupUnited Kingdom 4,311.1 9211591339206 2,055 607571252839
Loews CorporationUnited States39.73010
Longview Asset ManagementUnited States 6,690.0 6,690
Loop CapitalUnited States53.14112
Lord, Abbett & CoUnited States192.83510147
LSV Asset ManagementUnited States238.916375
Luminus ManagementUnited States97.097
Lyrical Asset ManagementUnited States153.0153
M&T BankUnited States236.937200
MacifFrance50.751
Macquarie GroupAustralia 1,516.0 13299137213717088175
Madison InvestmentUnited States100.2100
MagallanesSpain16.717
Majedie Asset ManagementUnited Kingdom240.817170
Manulife FinancialCanada538.51978138667681
Marathon Asset Management (UK)United Kingdom217.314473
Marshall WaceUnited Kingdom66.867
MassMutual FinancialUnited States 2,046.3 1,054 49597697540
MBSUnited States10.711
Mega FinancialTaiwan121.86260
MetLifeUnited States957.69914019130102417822511619
MFRUnited States16.016
Millennium ManagementUnited States83.42064
Mischler Financial GroupUnited States43.71133
Mitsubishi UFJ FinancialJapan 10,668.6 1,250 102331 1,172 15052991 2,099 1,958 27217350431842948873729
Mizuho FinancialJapan 6,833.5 3706459166070 1,572 297577100 1,914 5289
Modern Woodmen of AmericaUnited States71.225102511
Morgan StanleyUnited States 9,325.4 1885726591 3,404 7150 2,674 88214 1,366 379479
MSD PartnersUnited States66.967
Munich ReGermany43.043
National Life GroupUnited States20.020
National Western Life GroupUnited States30.030
Nationwide Mutual InsuranceUnited States 1,020.2 651611331852152574
Neuberger BermanUnited States 1,204.7 1,205
New Jersey Department of the TreasuryUnited States89.94347
New York Life InsuranceUnited States 1,489.6 7214738919416216217391732171011160
New York State Common Retirement FundUnited States 1,107.1 1,075 32
NewSouth Capital ManagementUnited States111.5112
NomuraJapan297.02295
Northern TrustUnited States 10,828.3 6731811 4,841 14786728 1,693 169210 1,433 613
Northwestern Mutual Life InsuranceUnited States 1,148.1 324184177145823041677739
Norwegian Government Pension Fund - GlobalNorway715.0289426
Oddo BHFFrance342.6343
Odey Asset ManagementUnited Kingdom13.113
Old MutualUnited Kingdom608.945564
Old Republic InternationalUnited States39.22316
Opus Corporate Finance LLPUnited Kingdom37.237
Orbis GroupUnited Kingdom68.368
Orix CorporationJapan 1,826.8 1,618 70139
Pacific Asset ManagementUnited States107.7421013403
Pacific Century GroupChina26.91314
Payden & RygelUnited States2.22
Penserra Capital ManagementUnited States19.520
People's United FinancialUnited States130.47457
PNC Financial ServicesUnited States 1,006.1 6330440016674
Point72 Asset ManagementUnited States48.248
Power Financial CorporationCanada 3,264.1 26 1,993 76346220
Primecap ManagementUnited States 3,546.3 623 2,288 636
Principal Financial GroupUnited States 1,692.4 204432 1,336 7638358823
Prudential (UK)United Kingdom541.81814297749129
Prudential Financial (US)United States 7,762.3 56 6,404 519113122733527555715
Pzena Investment ManagementUnited States79.279
R. Seelaus & CoUnited States4.95
Raymond James FinancialUnited States216.044707528
Regions FinancialUnited States953.5821683482653357
Reinhart PartnersUnited States27.327
Reliance GroupIndia413.8414
Renaissance TechnologiesUnited States18.619
Riyad BankSaudi Arabia828.115046722189
Rothschild GroupFrance24.825
Rouvier AssociésFrance18.919
Royal Bank of CanadaCanada 6,699.9 10226591 2,148 2,071 1,051 80892
Royal Bank of ScotlandUnited Kingdom 1,821.4 33191228125222972798513773153
Ruane, Cunniff & GoldfarbUnited States480.1480
RWC PartnersUnited Kingdom59.359
SantanderSpain 2,193.6 33141814514548814653
SAR HoldingUnited States12.513
SchrodersUnited Kingdom165.2165
Schweizerische NationalbankSwitzerland 1,314.2 1,314
ScotiabankCanada 4,030.7 1,558 136206630145427792137
SecurianUnited States4.55
Select Equity PartnersUnited States102.2102
Serco Group Employee Benefit TrustUnited Kingdom11.712
Siebert Brandford Shank FinancialUnited States6.06
Siebert Cisneros Shank & CoUnited States5.25
SiemensGermany114.1114
Silchester International InvestorsUnited Kingdom759.2759
Skandinaviska Enskilda BankenSweden205.611591
SMBC GroupJapan 3,822.8 50957481917856240206512297201232432102843376
Sociedad Estatal de Participaciones IndustrialesSpain 3,219.0 3,219
Société GénéraleFrance 8,201.5 1,363 91379297 2,282 3,791
Sound Shore ManagementUnited States130.4130
Southern Farm Bureau Life InsuranceUnited States7.644
SSI Investment ManagementUnited States1.92
Standard CharteredUnited Kingdom895.953115225206297
Standard Life AberdeenUnited Kingdom374.43668
State Bank of IndiaIndia 1,035.7 8419811458357
State FarmUnited States 1,429.9 431051497033028075246133
State FundUnited States179.09287
State StreetUnited States 52,834.9 152119339 20,355 137338 2,541 5,168 836796 16,006 6,029 20
State Teachers Retirement System of OhioUnited States35.636
Steel Partners HoldingsUnited States142.1142
Stifel FinancialUnited States63.120394
Strategic Income ManagementUnited States27.71215
Sumitomo Mitsui TrustJapan 1,613.0 1,613
Sun Life FinancialCanada 2,704.8 74126320975 1,498 4121
SunTrustUnited States 1,446.2 44614233830333185
Synovus Financial CorporationUnited States56.857
T. Rowe PriceUnited States 31,234.5 241 23,292 790 3,177 3,479 256
Taiwan Business BankTaiwan20.020
Taiwan Cooperative FinancialTaiwan20.020
Telsey Advisory GroupUnited States17.117
Thales Employees Stock Ownership PlanFrance755.8756
The HartfordUnited States155.37085
The London Company of VirginiaUnited States388.5389
Thrivent FinancialUnited States355.44630172108
TIAAUnited States 10,789.2 18824481129 4,890 38116 2,107 181 1,225 1,336 75
Toronto-Dominion BankCanada 4,230.2 327115223 1,695 330257297166551268
TravelersUnited States454.0553111110111331588
Tribal Capital MarketsUnited States14.615
Two Sigma InvestmentsUnited States564.8565
UBSSwitzerland 6,315.0 17265160 3,399 1,320 11197965
UniCreditItaly 1,398.5 35614551830376
Union BanksharesUnited States6.87
Unit Trust of IndiaIndia436.9437
United Overseas BankSingapore76.476
United Services Automobile AssociationUnited States55.02035
Unum GroupUnited States280.820436208677209
US BancorpUnited States 4,314.4 141122482330376532297427596747264
VanguardUnited States 66,048.0 462250 1,488 738 31,487 553876 4,778 8,947 1,330 1,063 258 7,785 4,539 1,123 29341
VerisightUnited States 31,508.7 57 23,897 4,274 3,280
Victory CapitalUnited States118.87841
Voya FinancialUnited States194.42942732526
Waddell & Reed FinancialUnited States985.73711603335
WBC HoldingsUnited States467.1467
Wedge Capital ManagementUnited States39.840
Wellington ManagementUnited States 12,849.7 128689 1,561 72 2,530 2,242 4,049 1,211 369
Wells FargoUnited States 20,260.8 69017491 3,795 562287 5,563 1,875 897 2,341 1,572 2,413
Western & Southern FinancialUnited States116.5116
WestpacAustralia 1,487.5 50115525112686
White Mountains InsuranceUnited Kingdom439.9971337328109
Williams Capital GroupUnited States149.1417533
Winslow Asset ManagementUnited States24.725
Woodforest FinancialUnited States66.867
WoodmenLifeUnited States20.020
ZB FinancialZimbabwe43.644
Zions BancorporationUnited States102.05646

2018 Report

2018 Investors

The 2018 update of the report shows that 329 financial institutions from around the world invested 525 billion USD into 20 companies involved in the production, maintenance and modernization of nuclear weapons since January 2014.

Investor ParentInvestor Parent CountryGrand Total USD MillionsAecomAerojet RocketdyneAirbus GroupBAE SystemsBechtelBoeingBWX TechnologiesCH2M HillFluorGeneral DynamicsHoneywell InternationalHuntington Ingalls IndustriesJacobs EngineeringLarsen & ToubroLockheed MartinNorthrop GrummanOrbital ATKSafranSercoThales
BlackRockUSA383815072163762163872522624483267651388242634456563444507243288737
Capital GroupUSA36739324337395811081169383912162104472244449
VanguardUSA352674357810816608319391677414469178206522195898353847566337263
State StreetUSA33370153454665857872852479421657828613493523117123
JPMorgan ChaseUSA2967913779863366872028981802209183665114665028201040821441530
Bank of AmericaUSA2585117652674355061100171918622020772141509941049744956053403477512
CitigroupUSA16489241293228721020297717774530624022980667196414
EvercoreUSA13712673143502631
Wells FargoUSA134979921441311867300220268160929785507012420947370
Goldman SachsUSA10800474954971438214331387917311217293762832
Morgan StanleyUSA985950458442131169237405390292234182137
Wellington ManagementUSA9182748978448903007142851731
T. Rowe PriceUSA8896175787579205611031037
Fidelity InvestmentsUSA8756734102483105557324160311205522484901873115
BNP ParibasFrance860112136571311100704150220195930612296711448914248
Mitsubishi UFJ FinancialJapan847113811133861316006983622017961261911932943577215030074598206
Cr_dit AgricoleFrance794842013351317205211505574479018771081208411
BarclaysUK7911359230123930072163028201329512629208122
Sun Life FinancialCanada66249752414498412873525
Deutsche BankGermany66198102987881628682435455216107912
Longview Asset ManagementUSA65436543
TIAAUSA618040179714110304311387117091764276394312075
Northern TrustUSA60762001915101106868913261511531217478155
Bank of New York MellonUSA5628712933614376057559164112268632441175
Mizuho FinancialJapan5173440262256866841263732001351877554
US BancorpUSA494634911596511081066306322406112572300
Ameriprise FinancialUSA469085265984941776710292071530
Life Insurance Corporation of IndiaIndia42914291
Sumitomo Mitsui FinancialJapan4247860152621311207242114630696391354727217741445122
Geode Capital ManagementUSA42004012106336675971059936965046945
Soci_t_ G_n_raleFrance40402075131490373723248
UBSSwitzerland401441164538861493519328195051158
Franklin ResourcesUSA38701393517518908027833295
AXAFrance3804115146717511251689511
Royal Bank of ScotlandUK36571341311020312601713061744063512637918398122
InvescoUK355315636412871041469684922492163
Janus Henderson GroupUK350597314699058660750
Royal Bank of CanadaCanada3442381942566583218091644978146
HSBCUK330281351362530644192139183239248
Banco Bilbao Vizcaya Argentaria (BBVA)Spain303371438691436435306242
Primecap ManagementUSA30184321534562490
L&T Employees Welfare FoundationIndia29972997
Prudential Financial (US)USA29267052671694106728712635315347
ScotiabankCanada28309829621121116029680272
Lloyds Banking GroupUK268625661314302113501336210909098
BPCE GroupFrance263911480541503591
Toronto-Dominion BankCanada239832166308110171306193466457
Legg MasonUSA20776217351436158391449211020
Sociedad Estatal de Participaciones IndustrialesSpain20252025
SantanderSpain1962230543164158745122
ANZAustralia1902396613124626919116039354877245122
MassMutual FinancialUSA18379995136670675
Old MutualUK168684159421140
ICICI BankIndia1551180281343
Macquarie GroupAustralia15091071103813814090076
New York Life InsuranceUSA1492233263104174136215231652356280
UniCreditItaly147941816070772122
Children's Investment Fund ManagementUK14691469
Charles SchwabUSA12991160627363355729
American International Group (AIG)USA129810869740133582171017
Standard CharteredUK12853966246211306186231
Power Financial CorporationCanada127053344367105320
CommerzbankGermany126520319813129918345206
WestpacAustralia12324066180100846
Cr_dit Mutuel CIC GroupFrance111491341318529604122
State FarmUSA1107431059572156257242137
SunTrustUSA110139317090148300
AQR Capital ManagementUSA1093593919946777
LSV Asset ManagementUSA10592205954857139
Northwestern Mutual Life InsuranceUSA1037434786169118310175980
AllianzGermany103516137157601519115210860103
MetLifeUSA1026121150181231123822821116
Unit Trust of IndiaIndia977977
Government Pension Fund - GlobalNorway944433867587117236
Legal & GeneralUK933595373922636
ING GroupNetherlands89566829
Housing Development Finance CorporationIndia858858
Nationwide Mutual InsuranceUSA8331301334721426346
Huntington BancsharesUSA818818
Regions FinancialUSA7957374501147
Greenhaven AssociatesUSA79452742
Credit SuisseSwitzerland783663563012295114
Arovid AssociatesUSA751564187
Silchester International InvestorsUK743743
Artisan PartnersUSA691241200119131
The London Company of VirginiaUSA688505183
Industrial and Commercial Bank of ChinaChina6776627626570
Prudential (UK)UK67451193827518129
Dimensional Fund AdvisorsUSA66215446381066317382
State Bank of IndiaIndia65734180337106
Manulife FinancialCanada6351587767427107249
DBSSingapore6246630016098
Fiduciary ManagementUSA621621
PNC Financial ServicesUSA616501104619370147
AllstateUSA61016437313358261637622
Orix CorporationJapan61083383144
Fifth Third BancorpUSA607229459690147
Affiliated Managers GroupUSA601325160116
Intesa SanpaoloItaly58519711024038
Riyad BankSaudi Arabia5813001504685
National Bank of Abu DhabiUAE568131160466445122
Thales SA Employees Stock Ownership PlanFrance556556
LazardUSA555555
Waddell & Reed FinancialUSA5534718488
BMO Financial GroupCanada54832715170
Fred Alger & CompanyUSA529529
BB&TUSA5151591109644106
White Mountains InsuranceUK493751328194111
UllinkFrance4903830102320
First Eagle Investment ManagementUSA47724453
William Blair & CompanyUSA474129345
DZ BankGermany47066404
Bank of ChinaChina460300160
BayernLBGermany4546630088
General Insurance Corporation of IndiaIndia447447
Davis Selected AdvisersUSA429429
Commonwealth Bank of AustraliaAustralia40366131733598
SchrodersUK39533461
Fidelity InternationalUK38724129122112
Guggenheim CapitalUSA357483574310492820
GICSingapore356356
Reliance GroupIndia355355
Voya FinancialUSA3471591026125
Capital One FinancialUSA33724196
Neuberger BermanUSA323323
Principal Financial GroupUSA3151241751273525
Axis BankIndia313313
Victory CapitalUSA3038680137
Standard Life AberdeenUK3022384717
Thrivent FinancialUSA29730308911038
Oddo & CieFrance295295
Liberty Mutual InsuranceUSA291947434809
Ruane, Cunniff & GoldfarbUSA283283
American FamilyUSA2789382103
KeycorpUSA257203074133
AvivaUK2524414860
HDFC BankIndia251251
CI FinancialCanada25034216
Marathon Asset ManagementUK22913891
AegonNetherlands228114114
Danske BankDenmark22666160
M&T BankUSA22323200
Viel & CieFrance218218
American EquityUSA20960395555
Skandinaviska Enskilda BankenSweden19766131
Trust GroupIndia188188
TravelersUSA185918631013
GGCPUSA177177
Mega FinancialTaiwan17713641
Lord, Abbett & CoUSA176872960
Discovery Capital ManagementUSA17467107
Williams Capital GroupUSA170776429
MSD PartnersUSA160160
Jupiter Fund ManagementUK160160
Munich ReGermany148148
State FundUSA1476087
SiemensGermany134134
Lyrical Asset ManagementUSA131131
American United Mutual InsuranceUSA12133413017
Western & Southern FinancialUSA11810414
Drexel HamiltonUSA11521502915
Citizens Financial GroupUSA1156550
Leucadia National CorporationUSA113113
HelabaGermany1116645
Alyeska Investment GroupUSA108108
Eastern BankUSA106106
People's United FinancialUSA106106
Bank HapoalimIsrael106106
Synovus Financial CorporationUSA106106
First Niagara FinancialUSA106106
ABPNetherlands1044064
NewSouth Capital ManagementUSA103103
ComericaUSA10159636
Two Sigma InvestmentsUSA101101
Loop CapitalUSA100642511
Abu Dhabi Investment CouncilUAE100100
Blue Harbour GroupUSA9797
Shapiro Capital ManagementUSA9595
National Rural Electric Cooperative AssociationUSA954847
New Jersey Department of the TreasuryUSA895732
Steel Partners HoldingsUSA8787
LKP GroupIndia8484
Holowesko PartnersBahamas8282
Majedie Asset ManagementUK8282
Cardinal Capital ManagementUSA8080
Blaylock Beal VanUSA7926201815
Orbis GroupUK7979
Lebenthal HoldingsUSA756411
Teacher Retirement System of TexasUSA7373
Pacific Asset ManagementUSA73421318
Pzena Investment ManagementUSA7272
First Trust AdvisorsUSA722943
Bessemer GroupUSA7070
GlenmedeUSA7070
SPA GroupIndia6767
KfWGermany6666
Landesbank Baden-WÙrttemberg (LBBW)Germany6666
Alkeon Capital ManagementUSA6262
Burgundy Asset ManagementCanada5959
E.SUN FinancialTaiwan593029
Marshall WaceUK592435
Hartford Financial ServicesUSA583514
Laurion Capital ManagementUSA5656
Mischler Financial GroupUSA56211817
Banco de SabadellSpain562729
United Services Automobile AssociationUSA552035
Westwood Holdings GroupUSA5555
Carlson CapitalUSA5252
A.K. GroupIndia5151
Stephens Investment Management GroupUSA5151
Focus Financial PartnersUSA5151
Modern Woodmen of AmericaUSA502525
Muzinich & CoUSA4949
Hua Nan FinancialTaiwan492029
Land Bank of TaiwanTaiwan492029
Inversiones Mobiliarias AdvalorSpain4848
Wedge Capital ManagementUSA4848
Boston PrivateUSA4747
American Financial GroupUSA473512
Stifel FinancialUSA471829
American Century InvestmentsUSA4646
Poplar Forest CapitalUSA4646
Zions BancorporationUSA4545
First Financial HoldingTaiwan4545
KBC GroupBelgium4545
Taurus GroupIndia4444
Arrowstreet CapitalUSA4444
State Teachers Retirement System of OhioUSA4343
Taiwan Financial HoldingTaiwan4343
Cacti Asset ManagementUSA4242
Ariel Capital HoldingsUSA4242
Kingstown Capital ManagementUSA4242
SAR HoldingUSA412318
Siebert Brandford Shank FinancialUSA412318
Loews CorporationUSA403010
AetnaUSA4040
Taiwan Business BankTaiwan4040
Taiwan Cooperative FinancialTaiwan3939
Letko Brosseau & AssociatesCanada3838
American National InsuranceUSA3838
Madison InvestmentUSA3737
Odey Asset ManagementUK3636
Old Republic InternationalUSA361989
Citizens Bank & TrustUSA3636
Hahn Capital ManagementUSA3636
Hancock HoldingUSA3636
Sumitomo Mitsui TrustJapan3535
Export Development CanadaCanada3535
Central Pacific Financial CorporationUSA35629
Bank of IrelandIreland3535
Edelweiss Financial ServicesIndia3434
Fairview Capital Investment ManagementUSA3434
Academy SecuritiesUSA341618
D.E. Shaw & Co.USA3131
CNO Financial GroupUSA3030
Smith Asset Management GroupUSA3030
National Western Life GroupUSA3030
Cascade BancorpUSA2929
BancPlusUSA2929
Fubon GroupTaiwan2929
Raymond James FinancialUSA2929
Banner BankUSA2929
California First National BancorpUSA2929
Amalgamated Bank of ChicagoUSA2929
Associated Banc-CorpUSA2929
Hotchkis & Wiley Capital ManagementUSA28199
Luminus ManagementUSA2525
Divine Capital MarketsUSA2424
Cathay Life InsuranceTaiwan2424
Eaton VanceUSA241113
CL King & AssociatesUSA24618
Great Pacific SecuritiesUSA2323
Rothschild GroupFrance2121
Intrinsic Value InvestorsUK2121
ICAPIndia2020
WoodmenLifeUSA2020
Chiba BankJapan2020
Guzman & CoUSA2020
Apto PartnersUSA2020
National Life GroupUSA2020
CastleOak SecuritiesUSA2020
Telsey Advisory GroupUSA2020
Auto-Owners InsuranceUSA2020
SinoPac HoldingsTaiwan2020
Bank of CommunicationsChina2020
Winslow Asset ManagementUSA1919
GroupamaFrance1919
Serco Group Employee Benefit TrustUK1717
Banque Degroof PetercamBelgium1616
Manning & NapierUSA1616
Foundation Asset ManagementUSA1616
Anbang Insurance GroupChina1616
Millennium ManagementUSA1515
FirstBankUSA1515
First Midwest BancorpUSA1515
CAVU SecuritiesUSA1414
Ardevora Asset ManagementUK1414
Pacific Century GroupChina1313
MagallanesSpain1111
Julius BaerSwitzerland1111
Corpbay Financial ServicesIndia1111
Shenkman Capital ManagementUSA1010
Capital BankUSA1010
Ohio Public Employees Retirement SystemUSA1010
Cathay General BancorpUSA1010
American Savings BankUSA99
Paloma PartnersUSA99
Cov_aFrance99
AG2RFrance88
Mata Securities IndiaIndia88
Knights of ColumbusUSA88
BOK FinancialUSA88
Zeo Capital AdvisorsUSA66
Cantor FitzgeraldUSA66
Altius Finserv PrivateIndia66
Tribal Capital PartnersUSA55
MFRUSA55
Penserra Capital ManagementUSA55
Carlyle GroupUSA55
Denver InvestmentsUSA44
CIBCCanada33
Mackie Research FinancialCanada33
Siebert CapitalUSA33
Goto Capital MarketsUSA33
NomuraJapan33
MBSUSA33
Yes BankIndia22
IDFCIndia11
Equator Corporate ServicesIndia11

Per country

The country profiles are easy to use fact sheets that include a summary of the methodology, the producers list, and more. They provide detailed information on the financial institutions headquartered in each country.

Australia | Bahrain | Belgium | Canada | China| Denmark| France| Germany| India| Israel| Italy| Japan| Jordan| Kuwait| Libya| The Netherlands | Norway | Saudi Arabia | Singapore| Spain| Sweden| Switzerland| Taiwan| United Arab Emirates | United Kingdom |United States

For information about US mutual funds, see https://futureoflife.org/invest


2016 Report

The 2016 update of the report shows that 390 financial institutions from around the world invested 498 billion USD into 27 companies involved in the production, maintenance and modernization of nuclear weapons since January 2013.

Download the full Hall of Shame.

Top 10 investors

This chart shows the 10 financial institutions with the largest total investments since January 2013 in the 27 companies involved in the production, maintenance and modernization of nuclear weapons identified in this report .

161208-top-10-investors

2016 Investors, per country

The country profiles are easy to use fact sheets that include a summary of the methodology, the producers list, and more. They provide detailed information on the financial institutions headquartered in each country.

Australia | Bahrain | Belgium | Canada| China| Denmark| France| Germany| India| Israel| Italy| Japan| Jordan| Kuwait| Libya| The Netherlands |  Norway | Saudi Arabia | Singapore| Spain| Sweden| Switzerland| Taiwan| United Arab Emirates | United Kingdom |United States


2015 Report

The 2015 update of the report shows that 382 private and public financial institutions from around the world invested 493 billion USD into 26 companies involved in the production, maintenance and modernization of nuclear weapons since January 2012.

2015 Investors, alphabetically

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | R | S | T | U | V | W | Y

2015 Investors, per country

The country profiles are easy to use fact sheets that include a summary of the methodology, the producers list, and more.

Australia | Austria | Bahrain | Belgium | Canada | Chile | China | Denmark | France | Germany |
India | India | Indonesia | Israel | Italy | Japan | Kuwait | Libya | Macedonia | Netherlands | Norway | Saudi Arabia  | Singapore  | Spain | Sweden | Switzerland | Taiwan | United Arab Emirates |
United Kingdom | United States


2014 Report

2014 Investors, alphabetically

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | R | S | T | U | V | W | Y

2014 Investors, per country

The country profiles are easy to use fact sheets that include a summary of the methodology, the producers list, and more.

Australia  | Austria | Bahrain   | Belgium  | Canada  | China  | Denmark   | France   | Germany  |
India  | Israel  | Italy  | Japan  | Kuwait  | Libya  | Netherlands  | Norway  | Saudi Arabia  |
Singapore  | South Africa  | Spain  | Sweden  | Switzerland  | Taiwan  | United Arab Emirates  |
United Kingdom  | United States