AustralianSuper has dramatically increased its direct holdings in Nvidia and Tesla last financial year, while cutting back its exposure to Amazon and Meta. Unisuper took a different approach and increased its holdings in Amazon and Meta, while paring back Tesla.
AustralianSuper has continued to increase its direct holdings in chip-designer Nvidia by 4,466,996 stocks over the financial year 2025, an increase of 90.4 per cent compared to 30 June 2024.
The super fund now owns US$1,487 million worth of Nvidia stock, the largest holding among the Magnificent Seven stocks, according to filings with the Securities and Exchange Commission in the United States.
The Magnificent Seven make up by far the largest holdings of AustralianSuper’s direct investment in US stocks.
AustralianSuper’s Magnificent Seven Holdings FY 2025
Source: US Securities and Exchange Commission
AustralianSuper also dramatically increased its holdings in Tesla, albeit from a much lower base. The fund increased its direct holdings over the year from 6,982 to 68,325 stocks, which were worth US$22 million at the end of June 2025.
AustralianSuper reduced its holdings in Meta by 22.9 per cent and now holds US$418 million worth of Meta stocks. It also decreased its holdings in Amazon by 18.2 per cent and Microsoft by 18.4 per cent.
Unisuper Takes Different View on Magnificent Seven
Unisuper took quite a different approach to the Magnificent Seven last year. Where AustralianSuper decreased its holdings in Amazon and Meta, Unisuper increased its holdings by 36.5 per cent and 37.1 per cent, respectively.
Unisuper also took an opposite view on Tesla. The fund reduced its holding in the electric car maker by 64.6 per cent, although it held a lot more shares in Tesla to begin with than AustralianSuper, and still holds almost four times as many shares after paring back its allocation.
Unisuper might have decided to take some profit during the year, as the stock went up 51 per cent over the financial year 2025, despite the fallout over Chief Executive Officer Elon Musk’s involvement in DOGE in the US.
UniSuper’s Magnificent Seven Holdings FY 2025
Source: US Securities and Exchange Commission
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