HOOPP reports 7.7% investment return in 2025, net assets reach $131.9 billion
April 20, 2026
The Healthcare of Ontario Pension Plan (“HOOPP”) released its 2025 Annual Report, reporting a net investment return of 7.7%, increasing its net assets from $123 billion to $131.9 billion as at December 31, 2025.
HOOPP’s funded status was 109% as at December 31, 2025, with the fund generating $9.7 billion in net investment income during 2025. HOOPP attributed these results to portfolio diversification and disciplined risk management despite volatile market conditions.
Public equities were the strongest-performing asset class, returning 22.2% in 2025. Fixed income returned 2.1%, private equity returned 3.6%, and real estate delivered 1.1% for the year.
Other highlights from the report include:
- Approximately 49% of assets were invested in Canada, with 29% in the United States and 13% in Europe.
- Public equities contributed $7.1 billion in net investment income.
- Total high-quality liquid assets holdings, consisting primarily of high-quality government bonds and public equities, was at $45.2 billion.
HOOPP also reported a 10-year annualized net return of 7.8%.
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