What's in my super?

Super platforms

On a platform, members (usually with a financial adviser) choose their own investments from a menu: individual ASX shares, ETFs, managed funds and managed portfolios. There is no default option run by a fund team, so these figures show what advised and self-directed super investors chose, at 30 June 2026.

Platform holdings are kept apart from everything else on this site. They are never added to the super fund totals, rankings, themes or comparisons, which count each fund's own investment decisions.

Platforms covered
4
BT Panorama, HUB24, Macquarie Wrap, Netwealth
Members' money
$241.6bn
every option added up
ASX shares
$46.2bn
19% of the total

Every platform

PlatformTotalListed sharesASX sharesASX stocksTop 5
BT Panorama Super $84.6bn$15.6bn$17.3bn 1,162 IOZIVVVASBHPVGS
HUB24 Super Fund $60.4bn$10.3bn$5.4bn 1,484 IVVVTSQUALVESGGOLD
Macquarie Super (Wrap) $52.4bn$12.4bn$11.6bn 1,121 NABVASBHPIOZIVV
Netwealth Superannuation Master Fund $44.2bn$13.1bn$11.9bn 1,858 VASA200VGSVTSIVV

Managed accounts

A managed account (also called an SMA or managed portfolio) is a model portfolio run by a manager such as Morningstar or BlackRock. Each member owns the shares in their own account, and the manager decides what to buy and sell. Where a platform shows the shares inside them, we can compare what advisers' model portfolios buy with what members pick for themselves.

ASX shares in managed accounts
$8.9bn
where the platform shows them
ASX shares picked directly
$20.0bn
shares and ETFs members chose
HUB24 managed portfolios
$31.4bn
manager named, shares not disclosed
PlatformPicked themselvesThrough managed accountsNot stated
BT Panorama––$17.3bn
HUB24$5.4bn––
Macquarie Wrap$7.5bn$4.2bn–
Netwealth$7.2bn$4.7bn–

ASX shares only. BT Panorama's file doesn't say which holdings sit in managed portfolios, so its shares are "not stated".

Most held through managed accounts

StockManaged accountsPicked directly
VAS Vanguard Australian Shares Index ETF$610.2m$583.5m
IOZ Ishares Core S&p/asx 200 ETF$374.9m$167.7m
A200 Betashares Australia 200 ETF$339.8m$229.0m
HGBL Betashares Global Shares Currency Hedged ETF$291.3m$31.1m
VEU Vanguard All-World Ex-Us Shares Index ETF$265.3m$346.2m
VGS Vanguard MSCI Index International Shares ETF$260.9m$326.8m
BHP BHP Group$244.0m$550.8m
VTS Vanguard Morningstar US Total MKT Shares Index ETF$212.0m$459.5m
IHVV Ishares S&P 500 Aud Hedged ETF$202.0m$101.5m
VGAD Vanguard MSCI Index International Shares (Hedged) ETF$192.6m$184.6m
IAF Ishares Core Composite Bond ETF$149.3m$36.9m
GLIN Ishares Ftse GBL Infrastructure (Aud Hedged) ETF$148.7m$52.4m
IVV Ishares S&P 500 ETF$143.1m$797.2m
IWLD Ishares Core MSCI World Ex Australia Esg ETF$122.7m$25.7m
IJP Ishares MSCI Japan ETF$122.2m$74.9m

Most picked directly

StockPicked directlyManaged accounts
NAB National Australia Bank$809.6m$76.7m
IVV Ishares S&P 500 ETF$797.2m$143.1m
VAS Vanguard Australian Shares Index ETF$583.5m$610.2m
QUAL Vaneck MSCI International Quality ETF$582.4m$110.1m
BHP BHP Group$550.8m$244.0m
VTS Vanguard Morningstar US Total MKT Shares Index ETF$459.5m$212.0m
CBA Commonwealth Bank of Australia$377.4m$77.5m
GOLD Etfs Metals$365.0m$46.0m
VEU Vanguard All-World Ex-Us Shares Index ETF$346.2m$265.3m
VGS Vanguard MSCI Index International Shares ETF$326.8m$260.9m
MQG Macquarie Group$316.8m$119.4m
WES Wesfarmers$316.7m$49.4m
WBC Westpac Banking Corporation$307.0m$69.4m
MVW Vaneck Australian Equal Weight ETF$283.5m$20.4m
VHY Vanguard Australian Shares High Yield ETF$259.3m$42.4m

ASX shares by platform

BT Panorama
$17.3bn
HUB24
$5.4bn
Macquarie Wrap
$11.6bn
Netwealth
$11.9bn

How each platform publishes differs. HUB24 lists every menu item as its own option, and its managed portfolios are named by manager only, so the shares inside them are not visible. Netwealth shows the shares inside its managed accounts, which are counted once. Macquarie publishes a whole-fund list plus a separate file of the shares in its separately managed accounts; those shares are added, but not their dollars, which the main list already counts. BT Panorama publishes one whole-fund list. Each platform's figure adds up the options whose holdings match the platform's own totals.