Super funds and AI

How much of each fund's listed shares (Australian and overseas) is in AI companies, at 30 June 2026. Headline (default) option for each fund.

Which companies count: Companies most directly exposed to artificial intelligence: the chip designers and makers, memory and chip-equipment suppliers, and the cloud and model developers that sell AI computing. A judgement call; the full list is shown below. No ASX companies are on it. Unlisted assets and holdings inside external managers' pooled funds are not covered.

Exposure by fund

UniSuper

15.1% ($5.2bn)

HESTA

14.3% ($6.2bn)

AMP

14.2% ($948.1m)

Aware Super

14.2% ($10.5bn)

BUSSQ

13.9% ($402.1m)

Brighter Super

13.6% ($1.4bn)

CSC

13.3% ($1.8bn)

ADF Super

13.3% ($199.4m)

AustralianSuper

13.3% ($21.3bn)

Rest

13.2% ($6.7bn)

MLC

13.2% ($3.0bn)

CFS

13.1% ($297.3m)

Cbus

13.0% ($5.9bn)

Australian Ethical

12.9% ($428.1m)

Vanguard Super

12.7% ($150.1m)

Vision Super

12.6% ($625.0m)

CareSuper

12.4% ($2.9bn)

Russell Investments

12.2% ($498.5m)

Mercer

12.0% ($711.8m)

Equip

11.6% ($911.7m)

NGS Super

11.6% ($675.5m)

Prime Super

11.3% ($438.7m)

legalsuper

10.8% ($198.0m)

ART

10.7% ($1.6bn)

First Super

10.4% ($252.5m)

Hostplus

9.3% ($3.8bn)

Share of each fund's listed shares by value.

Overseas companies

Company	Country	Held by super	Funds
Nvidia NVDA	US	$15.1bn	26
Alphabet (Google) GOOG	US	$13.0bn	26
TSMC (Taiwan Semiconductor Manufacturing) 2330	TW	$10.0bn	26
Microsoft MSFT	US	$8.9bn	26
Broadcom AVGO	US	$4.9bn	26
Meta Platforms (Facebook) META	US	$4.6bn	26
ASML ASML	NL	$4.4bn	26
Micron Technology MU	US	$3.5bn	26
SK Hynix 000660	KR	$3.1bn	23
Applied Materials AMAT	US	$2.4bn	26
Advanced Micro Devices AMD	US	$2.3bn	26
Lam Research LRCX	US	$1.9bn	26
KLA KLAC	US	$1.0bn	26
Tokyo Electron 8035	JP	$679.2m	25
Arista Networks ANET	US	$648.9m	26
Palantir Technologies PLTR	US	$638.0m	25
Oracle ORCL	JP	$446.6m	25
Marvell Technology MRVL	US	$440.9m	26
Advantest 6857	JP	$404.9m	24
Vertiv Holdings VRT	US	$379.5m	25
Coreweave CRWV	US	$28.5m	21
Super Micro Computer SMCI	US	$14.7m	20
Oracle Financial Services Software OFSS	IN	$2.5m	12
Advantest Corp Spon Adr		$1.4m	2
Tokyo Electron Device		$2k	1

Super funds that don't invest in AI

Every fund covered held at least one of these companies at 30 June 2026.

Headline (default) option only; other options and pooled funds can differ.

Has any fund divested?

No fund sold out of AI companies entirely since its previous disclosure.

Every fund, then and now

Fund	Compared with	Then	Now	Change
UniSuper	Dec 2025	14.37%	15.13%	+0.76 pts
HESTA	Dec 2025	12.72%	14.29%	+1.57 pts
Prime Super	Dec 2025	9.37%	11.34%	+1.96 pts
NGS Super	Jun 2025	9.44%	11.62%	+2.18 pts
Australian Ethical	Dec 2024	10.66%	12.90%	+2.23 pts
Equip	Jun 2025	9.00%	11.62%	+2.62 pts
ART	Dec 2024	7.74%	10.71%	+2.97 pts
Hostplus	Jun 2025	6.30%	9.32%	+3.03 pts
AustralianSuper	Jun 2025	10.22%	13.26%	+3.04 pts
Brighter Super	Jun 2025	10.43%	13.57%	+3.14 pts
Vanguard Super	Dec 2024	9.34%	12.73%	+3.39 pts
Rest	Jun 2025	9.72%	13.22%	+3.50 pts
Vision Super	Jun 2024	8.97%	12.61%	+3.64 pts
First Super	Dec 2024	6.73%	10.42%	+3.69 pts
CSC	Dec 2024	8.91%	13.32%	+4.41 pts
Cbus	Jun 2025	8.39%	13.01%	+4.62 pts
CareSuper	Jun 2025	7.59%	12.37%	+4.78 pts
legalsuper	Jun 2025	5.50%	10.77%	+5.27 pts
Aware Super	Jun 2023	8.21%	14.15%	+5.94 pts
Russell Investments	Dec 2023	6.08%	12.17%	+6.09 pts
BUSSQ	Dec 2024	6.82%	13.95%	+7.13 pts
ADF Super	Jun 2023	5.33%	13.32%	+7.99 pts

Share of each fund's listed shares in AI companies, against the same fund's previous disclosure we hold (often six or twelve months earlier). Price moves change these shares too, so a fall is not always selling.

How the list is built

Overseas companies whose name matches: nvidia, microsoft, alphabet, amazon com, meta platforms, broadcom, advanced micro devices, taiwan semicon, asml, oracle, palantir, arista networks, micron technology, sk hynix, super micro computer, marvell technology, coreweave, applied materials, lam research, kla, tokyo electron, advantest, vertiv.