Super funds and alcohol

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

Which companies count: Producers and specialist retailers of alcoholic drinks, in Australia and overseas. Unlisted assets and holdings inside external managers' pooled funds are not covered.

Exposure by fund

First Super

1.4% ($34.4m)

Hostplus

0.72% ($293.5m)

CareSuper

0.71% ($164.6m)

Prime Super

0.62% ($24.2m)

AustralianSuper

0.58% ($923.8m)

BUSSQ

0.52% ($14.9m)

Rest

0.50% ($254.3m)

Cbus

0.49% ($224.6m)

Equip

0.49% ($38.6m)

Vision Super

0.45% ($22.3m)

Russell Investments

0.45% ($18.3m)

ART

0.39% ($59.1m)

Aware Super

0.36% ($269.2m)

HESTA

0.36% ($158.1m)

NGS Super

0.35% ($20.3m)

MLC

0.32% ($72.4m)

CSC

0.30% ($41.1m)

ADF Super

0.30% ($4.5m)

UniSuper

0.29% ($100.8m)

Mercer

0.28% ($16.7m)

Vanguard Super

0.28% ($3.3m)

AMP

0.28% ($18.8m)

legalsuper

0.25% ($4.6m)

Brighter Super

0.22% ($23.7m)

CFS

0.07% ($1.7m)

Australian Ethical

0.00% ($0)

Share of each fund's listed shares by value.

Overseas companies

Company	Country	Held by super	Funds
Heineken Holding HEIA	NL	$396.7m	24
Kweichow Moutai 600519	CN	$244.1m	19
Anheuser-Busch Inbev Sa/nv ABI	BE	$201.1m	24
Ambev ABEV3	BR	$123.9m	19
Diageo DGE	GB	$108.4m	20
Kirin Holdings 2503	JP	$81.7m	24
Pernod Ricard RI	FR	$62.3m	20
Molson Coors Beverage TAP	US	$43.1m	11
Constellation Brands STZ	US	$39.0m	19
China Resources Beer Holding 291	HK	$32.2m	12
Remy Cointreau RCO	FR	$27.3m	3
Carlsberg As CARLB	DK	$18.9m	21
Asahi Group Holdings 2502	JP	$18.2m	20
Davide Campari-Milano CPR	NL	$10.8m	17
Wuliangye Yibin 000858	CN	$2.4m	11
Brown-Forman BFB	US	$597k	4
Boston Beer SAM	US	$437k	5
Budweiser Brewing Co Apac LT 1876	KY	$341k	1
Heineken Malaysia BHD	MY	$45k	1

ASX companies

Company	Held by super	Funds
EDV Endeavour Group	$902.8m	23
TWE Treasury Wine Estates	$518.4m	25

Super funds that don't invest in alcohol

Held none of these companies at 30 June 2026: Australian Ethical Super.

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

Has any fund divested?

No fund sold out of alcohol companies entirely since its previous disclosure. Cut its share by half or more: BUSSQ, ADF Super, legalsuper, Aware Super, Brighter Super.

Every fund, then and now

Fund	Compared with	Then	Now	Change
First Super	Dec 2024	2.15%	1.42%	−0.73 pts
BUSSQ	Dec 2024	1.15%	0.52%	−0.63 pts
ADF Super	Jun 2023	0.92%	0.30%	−0.63 pts
legalsuper	Jun 2025	0.68%	0.25%	−0.44 pts
Aware Super	Jun 2023	0.76%	0.36%	−0.40 pts
Hostplus	Jun 2025	1.07%	0.72%	−0.36 pts
Russell Investments	Dec 2023	0.74%	0.45%	−0.29 pts
CSC	Dec 2024	0.58%	0.30%	−0.28 pts
Vision Super	Jun 2024	0.72%	0.45%	−0.27 pts
Brighter Super	Jun 2025	0.45%	0.22%	−0.23 pts
AustralianSuper	Jun 2025	0.79%	0.58%	−0.21 pts
Equip	Jun 2025	0.69%	0.49%	−0.20 pts
ART	Dec 2024	0.57%	0.39%	−0.18 pts
Vanguard Super	Dec 2024	0.46%	0.28%	−0.18 pts
Rest	Jun 2025	0.67%	0.50%	−0.17 pts
Cbus	Jun 2025	0.66%	0.49%	−0.17 pts
CareSuper	Jun 2025	0.81%	0.71%	−0.10 pts
UniSuper	Dec 2025	0.38%	0.29%	−0.08 pts
NGS Super	Jun 2025	0.42%	0.35%	−0.07 pts
HESTA	Dec 2025	0.37%	0.36%	−0.01 pts
Australian Ethical	Dec 2024	0.00%	0.00%	0.00 pts
Prime Super	Dec 2025	0.48%	0.62%	+0.15 pts

Share of each fund's listed shares in alcohol 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

ASX codes checked: TWE, EDV, AVG.

Overseas companies whose name matches: diageo, anheuser busch, heineken, pernod ricard, constellation brands, brown forman, carlsberg, ambev, asahi group, kirin, kweichow moutai, wuliangye, remy cointreau, davide campari, molson coors, boston beer, budweiser brewing, china resources beer.