United Super PTY LTD in Its Capacity As Trustee for the Construction & Building Unions Superannuation Fund
Cbus Super is one of Australia’s largest industry superannuation funds, established in 1984 and headquartered in Melbourne, Victoria. Operated by United Super Pty Ltd as trustee, the fund primarily serves workers in the construction, building, and affiliated industries, but is open to all members of the public. As of June 2025, Cbus Super manages over $105 billion in retirement savings for more than 925,000 members and partners with over 225,000 employers. The fund employs a staff dedicated to delivering retirement outcomes and is governed by a board with equal representation from members and employers, along with an independent director.
Investment Strategy
Cbus Super applies a long-term, member-first investment philosophy focused on providing strong retirement outcomes while managing risk across economic cycles. It has a diversified investment portfolio, allocating assets across public equities, fixed income, direct property, infrastructure, and private equity. Through Cbus Property, its subsidiary, the fund invests directly in property development, supporting industry jobs and returns. Cbus emphasizes responsible investing, including ESG factors, and has developed co-investment strategies, particularly in private equity, where it seeks at least a 1:1 co-investment ratio with new partners. Its mutual structure ensures that all profits are retained for members, not external shareholders.
Top Holdings
Equity Positions (165)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 11.51% | $298.1M | 599,327 | $180.79 | $497.41 | +$64.2M |
A AMZN | AMAZON COM INC | 6.48% | $167.9M | 765,224 | $131.33 | $219.39 | +$11.1M |
M META | META PLATFORMS INC | 6.32% | $163.8M | 221,859 | $290.02 | $738.09 | +$29.6M |
G GOOGL | ALPHABET INC | 5.33% | $138.2M | 784,085 | $78.17 | $176.23 | +$12.0M |
N NVDA | NVIDIA CORPORATION | 4.90% | $126.9M | 802,908 | $127.85 | $157.99 | +$43.1M |