United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund
Long book
$5.31B
Q1 2026
Positions
185
Top-10 weight
38%
concentration
Last quarter
+12.0%
SPY +14.8%
Turnover
28%
of book per quarter
Strategy in plain words
auto-generated from filingsUnited Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund is a diversified fundamental manager, running a $5.31B US long book across 185 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, AMAZON.COM INC, ALPHABET INC-CL A, CITIGROUP INC, APPLE INC.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+4.9%
Q3 2024
+1.0%
Q4 2024
-3.1%
Q1 2025
+10.1%
Q2 2025
+5.3%
Q3 2025
+2.8%
Q4 2025
-5.0%
Q1 2026
+12.0%
Sector allocation
Technology 36%
Financials 13%
Consumer discretionary 12%
Healthcare 11%
Services media 11%
Industrials 6%
Communications 4%
Materials 3%
Long book by quarter
What does United Super own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.9M | $327.0M | 6.2% | +10.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.5M | $305.9M | 5.8% | -32.4% |
| GOOGL ALPHABET INC-CL A | Technology | 897.8K | $258.2M | 4.9% | -2.6% |
| C CITIGROUP INC | Financials | 2.1M | $240.1M | 4.5% | +260.8% |
| AAPL APPLE INC | Technology | 933.3K | $236.9M | 4.5% | +17.7% |
| MSFT MICROSOFT CORP | Technology | 637.9K | $236.1M | 4.4% | -62.3% |
| META META PLATFORMS INC-CLASS A | Technology | 243.9K | $139.5M | 2.6% | +0.5% |
| LIN LINDE PLC | Materials | 196.2K | $97.3M | 1.8% | +7.4% |
| AVGO BROADCOM INC | Technology | 299.8K | $92.8M | 1.7% | +29.4% |
| MA MASTERCARD INC - A | Services media | 164.6K | $82.2M | 1.5% | +11.9% |
| V VISA INC-CLASS A SHARES | Services media | 268.7K | $81.2M | 1.5% | +7.1% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 237.7K | $77.7M | 1.5% | -2.5% |
| LRCX LAM RESEARCH CORP | Industrials | 331.6K | $70.9M | 1.3% | -67.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 665.7K | $68.3M | 1.3% | +22.2% |
| CSCO CISCO SYSTEMS INC | Technology | 869.0K | $67.4M | 1.3% | +0.9% |
| JPM JPMORGAN CHASE & CO | Financials | 228.2K | $67.1M | 1.3% | +102.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 135.9K | $66.8M | 1.3% | +7.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.2M | $61.2M | 1.2% | -7.3% |
| MRK MERCK & CO. INC. | Healthcare | 499.8K | $60.1M | 1.1% | -24.1% |
| ADBE ADOBE INC | Technology | 240.4K | $58.4M | 1.1% | +33.2% |
| LLY ELI LILLY & CO | Healthcare | 63.5K | $58.4M | 1.1% | +6.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 57.5K | $57.3M | 1.1% | +7.8% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 941.0K | $57.1M | 1.1% | -2.0% |
| CRM SALESFORCE INC | Technology | 305.4K | $57.0M | 1.1% | +84.3% |
| AZO AUTOZONE INC | Consumer discretionary | 16.9K | $57.0M | 1.1% | +18.6% |
| MSCI MSCI INC | Services media | 104.1K | $56.1M | 1.1% | +6.1% |
| MCO MOODY'S CORP | Services media | 128.3K | $56.0M | 1.1% | +7.4% |
| CMCSA COMCAST CORP-CLASS A | Communications | 1.9M | $55.6M | 1.0% | -5.2% |
| T AT&T INC | Communications | 1.9M | $55.2M | 1.0% | +0.3% |
| APH AMPHENOL CORP-CL A | Technology | 427.3K | $54.0M | 1.0% | -46.9% |
| HCA HCA HEALTHCARE INC | Healthcare | 109.3K | $51.7M | 1.0% | -1.5% |
| GILD GILEAD SCIENCES INC | Healthcare | 365.4K | $50.9M | 1.0% | -18.8% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 109.7K | $50.6M | 1.0% | +7.4% |
| RSG REPUBLIC SERVICES INC | Utilities | 222.6K | $48.7M | 0.9% | +7.4% |
| WMT WALMART INC | Consumer discretionary | 378.0K | $47.0M | 0.9% | +7.5% |
| QCOM QUALCOMM INC | Technology | 362.6K | $46.7M | 0.9% | +1.9% |
| GOOG ALPHABET INC-CL C | Technology | 162.6K | $46.6M | 0.9% | +9.9% |
| ACN ACCENTURE PLC-CL A | Services media | 227.2K | $45.0M | 0.8% | +45.6% |
| BX BLACKSTONE INC | Financials | 376.4K | $43.3M | 0.8% | Held |
| WFC WELLS FARGO & CO | Financials | 534.3K | $42.5M | 0.8% | -0.6% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 268.1K | $42.2M | 0.8% | -16.6% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 187.2K | $39.1M | 0.7% | +3.3% |
| NEM NEWMONT CORP | Materials | 359.8K | $38.9M | 0.7% | +5.1% |
| TXN TEXAS INSTRUMENTS INC | Technology | 196.5K | $38.2M | 0.7% | -85.1% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 469.6K | $37.6M | 0.7% | +7.4% |
| FDX FEDEX CORP | Industrials | 102.5K | $36.5M | 0.7% | +2.2% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 107.9K | $34.6M | 0.7% | +24.0% |
| EOG EOG RESOURCES INC | Energy | 232.5K | $33.6M | 0.6% | -20.0% |
| CI THE CIGNA GROUP | Financials | 123.9K | $33.0M | 0.6% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 96.3K | $32.9M | 0.6% | -85.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 185 | $5.31B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 177 | $7.20B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 110 | $2.74B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 167 | $2.59B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 158 | $2.46B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 162 | $2.57B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 46 | $2.50B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 44 | $2.37B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 42 | $2.23B | canonical | SEC ↗ |
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