Performance: Generating sustainable value

Generating sustainable value

Our approach to investing aims to produce optimal long-term returns for our clients and the millions of people they represent.

We also make a tangible contribution to the growth of Québec’s economy and companies.

Top 10

One of the world's top 10 pension funds based on the Thinking Ahead Institute's 2023 rankings

1st out of 200

First in the world, alongside 3 other international investors, in the Global SWF's 2023 GSR ranking


Highest credit ratings from DBRS, Fitch, Moody’s and S&P

Our net assets

See our portfolio

CAD  434.2 B


Results as at December 31, 2023

Total portfolio returns

Ten years


CDPQ annualized return


Benchmark portfolio

$28.4 B

Value added

Five Years


CDPQ annualized return


Benchmark portfolio

$11.7 B

Value added

One year


CDPQ return


Benchmark portfolio

-$0.9 B

Value added

“The year 2023 was marked by highly volatile bond markets and a historic concentration of gains from a handful of U.S. tech stocks that drove the main stock indexes. Faced with this context, our portfolio performed well, and our depositors’ plans continue to be in excellent financial health.”

Charles Emond, President and Chief Executive Officer

Read the news release

Results by asset class


Performance since inception


Annualized return



A major impact in Québec

See our impact

$88 B

CDPQ’s total assets in Québec as at December 31, 2023

$100 B

Our ambition for 2026

$4.7 B

New investments and commitments in 2023