CIK: 0001694164
Total reported value
$19.2B
Reporting period: 2026-03-31 · Number of holdings: 277
AustralianSuper Pty Ltd disclosed 277 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $19.2B and a quarterly turnover rate of 45.5%.
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AustralianSuper Pty Ltd's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 39 equally-sized positions, well below its 277 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.46), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim MSFT
-35.5% -$651.3M
Trim AMZN
-58.7% -$473.9M
Trim MA
-65.7% -$297.1M
Trim NVDA
-16.1% -$501.5M
Add TSLA
+359.6% $229.7M
Trim AVGO
-23.3% -$339.4M
AustralianSuper runs a mechanical contrarian play this quarter, systematically trimming stretched US mega-cap leaders like NVDA, MSFT, AVGO, and AMZN while scaling into TSLA. With pure contrarian scoring, 45% turnover, and 277 holdings, the fund is actively rotating capital out of crowded liquidity traps rather than defending existing book weights.
The regime bet targets US mega-cap valuation exhaustion, betting that persistent rate environments will force a multiple de-rating across the top tier while uncorrelated names catch up. The opposing thesis argues AI infrastructure spending remains structural; trimming these leaders simply hands cheap optionality to momentum chasers who will chase the next leg higher.
Selling MSFT and NVDA share count without reducing the 35% IT sector bucket means zero factor exposure gain—the fund merely exchanges quality compounding for marginally cheaper but mechanically duplicate mega-caps. Position sizing discipline at 75.41/100 signals re-balancing drag; high turnover across a sprawling 277-stock book will structurally erode net alpha through transaction costs and spread capture.
Sourced and summarized by AI from public SEC filings, limited to historical activity. Not investment guidance.
Showing top 200 holdings (of 277 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 9.52% | -1.30% | -16.11% | |
| 2 | AAPL | Apple INC | Stock-Tech | 7.98% | — | +7.45% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.40% | -0.11% | -5.40% | |
| 4 | AVGO | Broadcom INC | Stock-Tech | 3.87% | -1.16% | -23.27% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 3.31% | -2.67% | -35.48% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.45% | -1.01% | -27.03% | |
| 7 | TSLA | Tesla INC | Stock-Consumer Disc | 1.63% | +1.25% | +359.61% | |
| 8 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.47% | +0.88% | +91.85% | |
| 9 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.47% | -2.04% | -58.67% | |
| 10 | HIG | Hartford Insurance Group INC | Stock-Financials | 1.44% | — | +2.66% | |
| 11 | ALL | Allstate CORP | Stock-Financials | 1.43% | — | +8.66% | |
| 12 | TRV | Travelers Cos Inc/the | Stock-Financials | 1.42% | — | +3.03% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.33% | +0.50% | +66.65% | |
| 14 | HWM | Howmet Aerospace INC | Stock-Industrials | 1.32% | +0.46% | +21.69% | |
| 15 | MNST | Monster Beverage CORP | Stock-Consumer Staples | 1.32% | — | +3.35% | |
| 16 | IDXX | Idexx Laboratories INC | Stock-Healthcare | 1.30% | — | +47.58% | |
| 17 | KGC | Kinross Gold CORP | Stock-Materials | 1.22% | — | -14.62% | |
| 18 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 1.11% | — | +11.41% | |
| 19 | GILD | Gilead Sciences INC | Stock-Healthcare | 1.04% | -0.42% | -44.06% | |
| 20 | AER | AerCap Holdings N.V. | Stock-Industrials | 1.04% | — | +4.24% | |
| 21 | SYF | Synchrony Financial | Stock-Financials | 1.03% | +0.38% | +72.96% | |
| 22 | ADBE | Adobe INC | Stock-Tech | 0.93% | — | +38.71% | |
| 23 | APH | Amphenol Corp-cl A | Stock-Tech | 0.90% | -0.23% | -23.92% | |
| 24 | EME | Emcor Group INC | Stock-Industrials | 0.88% | +0.65% | +184.30% | |
| 25 | LRCX | Lam Research CORP | Stock-Tech | 0.78% | -0.68% | -61.55% | |
| 26 | MU | Micron Technology INC | Stock-Tech | 0.76% | +0.52% | +138.84% | |
| 27 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.76% | — | -26.30% | |
| 28 | PFE | Pfizer INC | Stock-Healthcare | 0.73% | — | +7.11% | |
| 29 | NFLX | Netflix INC | Stock-Comm Services | 0.70% | -0.72% | -56.94% | |
| 30 | GM | General Motors Co | Stock-Consumer Disc | 0.68% | — | +4.68% | |
| 31 | MFC | Manulife Financial CORP | Stock-Financials | 0.67% | — | +24.71% | |
| 32 | T | At&t INC | Stock-Comm Services | 0.67% | — | +3.91% | |
| 33 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.67% | — | -8.97% | |
| 34 | CF | Cf Industries Holdings INC | Stock-Materials | 0.67% | +0.30% | -2.73% | |
| 35 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.67% | +0.55% | +459.70% | |
| 36 | MA | Mastercard INC - A | Stock-Financials | 0.66% | -1.31% | -65.69% | |
| 37 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.66% | — | +36.98% | |
| 38 | MS | Morgan Stanley | Stock-Financials | 0.65% | +0.49% | +293.56% | |
| 39 | WAB | Wabtec CORP | Stock-Industrials | 0.64% | -0.26% | -45.50% | |
| 40 | PDD | Pdd Holdings INC | Stock-Consumer Disc | 0.62% | +0.58% | +1381.44% | |
| 41 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.62% | — | +3.40% | |
| 42 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.61% | — | -3.95% | |
| 43 | MET | Metlife INC | Stock-Financials | 0.59% | — | +15.55% | |
| 44 | BIIB | Biogen INC | Stock-Healthcare | 0.59% | — | +29.23% | |
| 45 | PYPL | Paypal Holdings INC | Stock-Financials | 0.59% | +0.43% | +335.25% | |
| 46 | HPQ | Hp INC | Stock-Tech | 0.57% | — | +35.25% | |
| 47 | TEVA | Teva Pharmaceutical-sp Adr | Stock-Healthcare | 0.56% | — | -7.41% | |
| 48 | INCY | Incyte CORP | Stock-Healthcare | 0.56% | — | +77.48% | |
| 49 | HCA | Hca Healthcare INC | Stock-Healthcare | 0.56% | — | +58.70% | |
| 50 | AMD | Advanced Micro Devices | Stock-Tech | 0.55% | -0.37% | -44.25% |
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+17.3%
Based on 78% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 277 | $19.2B | 46 | |
| 2025-12-31 | 273 | $21.5B | 37 | |
| 2025-09-30 | 268 | $21.2B | 68 | |
| 2025-06-30 | 263 | $19.8B | 0 | |
| 2025-03-31 | 228 | $17.7B | 100 | |
| 2024-12-31 | 215 | $21.2B | 0 | |
| 2024-09-30 | 238 | $20.1B | 0 | |
| 2024-06-30 | 236 | $17.4B | 0 | |
| 2024-03-31 | 231 | $17.1B | 0 | |
| 2023-12-31 | 241 | $16.7B | 0 | |
| 2023-09-30 | 235 | $15.4B | 0 | |
| 2023-06-30 | 263 | $15.8B | 0 | |
| 2023-03-31 | 207 | $16.4B | 0 | |
| 2022-12-31 | 159 | $15.0B | 0 | |
| 2022-09-30 | 155 | $14.1B | 0 | |
| 2022-06-30 | 175 | $16.2B | 0 | |
| 2022-03-31 | 182 | $18.4B | 0 | |
| 2021-12-31 | 181 | $19.3B | 0 | |
| 2021-09-30 | 176 | $15.6B | 0 | |
| 2021-06-30 | 162 | $14.3B | 100 | |
| 2021-03-31 | 154 | $12.8B | 46 | |
| 2020-12-31 | 149 | $13.3B | 24 | |
| 2020-09-30 | 142 | $11.7B | 33 | |
| 2020-06-30 | 181 | $10.3B | 39 | |
| 2020-03-31 | 149 | $7.8B | 52 | |
| 2019-12-31 | 163 | $11.9B | 24 | |
| 2019-09-30 | 161 | $10.6B | 16 | |
| 2019-06-30 | 149 | $10.4B | 22 | |
| 2019-03-31 | 145 | $9.6B | 43 | |
| 2018-12-31 | 140 | $6.4B | 29 | |
| 2018-09-30 | 59 | $5.3B | 32 | |
| 2018-06-30 | 59 | $4.3B | 43 | |
| 2018-03-31 | 40 | $3.1B | 24 | |
| 2017-12-31 | 38 | $2.8B | 52 | |
| 2017-09-30 | 51 | $2.2B | 66 | |
| 2017-06-30 | 28 | $1.3B | 53 | |
| 2017-03-31 | 24 | $872.6M | 44 | |
| 2016-12-31 | 19 | $628.0M | — |
AustralianSuper Pty Ltd's most significant position changes for 2026-03-31: New buy: Sandisk CORP (SNDK); New buy: Bloom Energy Corp- A (BE); New buy: GE Vernova INC (GEV); New buy: Can Imperial Bk Of Commerce (CM); Sold out: Robinhood Markets INC - A (HOOD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla INC | +1.3% | +359.61% | Add |
| 2 | COST | Costco Wholesale CORP | +0.9% | +91.85% | Add |
| 3 | EME | Emcor Group INC | +0.7% | +184.30% | Add |
| 4 | PDD | Pdd Holdings INC | +0.6% | +1381.44% | Add |
| 5 | GOOG | Alphabet Inc-cl C | +0.6% | +459.70% | Add |
| 6 | MU | Micron Technology INC | +0.5% | +138.84% | Add |
| 7 | LLY | Eli Lilly & Co | +0.5% | +66.65% | Add |
| 8 | MS | Morgan Stanley | +0.5% | +293.56% | Add |
| 9 | HWM | Howmet Aerospace INC | +0.5% | +21.69% | Add |
| 10 | PYPL | Paypal Holdings INC | +0.4% | +335.25% | Add |
| 11 | ISRG | Intuitive Surgical INC | +0.4% | +324.93% | Add |
| 12 | SYF | Synchrony Financial | +0.4% | +72.96% | Add |
| 13 | STLD | Steel Dynamics INC | +0.4% | +2804.26% | Add |
| 14 | PEP | Pepsico INC | +0.4% | +3176.93% | Add |
| 15 | TMUS | T-mobile US INC | +0.4% | +4643.29% | Add |
| 16 | LITE | Lumentum Holdings INC | +0.4% | +96.20% | Add |
| 17 | BKR | Baker Hughes Co | +0.3% | +1477.69% | Add |
| 18 | CF | Cf Industries Holdings INC | +0.3% | -2.73% | Trim |
| 19 | FIX | Comfort Systems USA INC | +0.3% | +271.63% | Add |
| 20 | GE | General Electric | +0.3% | +156.88% | Add |
| 21 | GOOGL | Alphabet Inc-cl A | -0.1% | -5.40% | Trim |
| 22 | FICO | Fair Isaac CORP | -0.2% | +5.30% | Add |
| 23 | APH | Amphenol Corp-cl A | -0.2% | -23.92% | Trim |
| 24 | UNH | Unitedhealth Group INC | -0.2% | -90.92% | Trim |
| 25 | WAB | Wabtec CORP | -0.3% | -45.50% | Trim |
| 26 | PODD | Insulet CORP | -0.3% | -54.20% | Trim |
| 27 | BSX | Boston Scientific CORP | -0.3% | -49.20% | Trim |
| 28 | AMD | Advanced Micro Devices | -0.4% | -44.25% | Trim |
| 29 | COF | Capital One Financial CORP | -0.4% | -37.14% | Trim |
| 30 | GILD | Gilead Sciences INC | -0.4% | -44.06% | Trim |
| 31 | UBER | Uber Technologies INC | -0.4% | -81.90% | Trim |
| 32 | JPM | Jpmorgan Chase & Co | -0.5% | -76.86% | Trim |
| 33 | CAH | Cardinal Health INC | -0.6% | -78.76% | Trim |
| 34 | LRCX | Lam Research CORP | -0.7% | -61.55% | Trim |
| 35 | NFLX | Netflix INC | -0.7% | -56.94% | Trim |
| 36 | META | Meta Platforms Inc-class A | -1% | -27.03% | Trim |
| 37 | AVGO | Broadcom INC | -1.2% | -23.27% | Trim |
| 38 | NVDA | Nvidia CORP | -1.3% | -16.11% | Trim |
| 39 | MA | Mastercard INC - A | -1.3% | -65.69% | Trim |
| 40 | AMZN | Amazon.com INC | -2% | -58.67% | Trim |
| 41 | MSFT | Microsoft CORP | -2.7% | -35.48% | Trim |
| 42 | SNDK | Sandisk CORP | — | NEW | New buy |
| 43 | BE | Bloom Energy Corp- A | — | NEW | New buy |
| 44 | GEV | GE Vernova INC | — | NEW | New buy |
| 45 | CM | Can Imperial Bk Of Commerce | — | NEW | New buy |
| 46 | HOOD | Robinhood Markets INC - A | — | EXIT | Sold out |
| 47 | CEG | Constellation Energy | — | EXIT | Sold out |
| 48 | NOW | Servicenow INC | — | EXIT | Sold out |
| 49 | GWRE | Guidewire Software INC | — | NEW | New buy |
| 50 | HON | Honeywell International INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-07 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-05 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | Amendment | View on EDGAR |
| 2025-09-30 | 2025-11-03 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-01 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-05 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-30 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-28 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-26 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-26 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-16 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-27 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-28 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-21 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-01 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-13 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-29 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-24 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-12 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-13 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-10 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-08 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-13 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-06 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-09 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-10 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-01 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-18 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-12-15 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-12-15 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-12-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-12-15 | 13F-HR | View on EDGAR |
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