Super funds and defence
How much of each fund's listed shares (Australian and overseas) is in defence and weapons companies, at 30 June 2026. Headline (default) option for each fund.
Exposure by fund
Share of each fund's listed shares by value.
Overseas companies
| Company | Country | Held by super | Funds |
|---|---|---|---|
| RTX RTX | US | $759.2m | 21 |
| Lockheed Martin LMT | US | $452.3m | 14 |
| Bae Systems BA | GB | $304.9m | 20 |
| Northrop Grumman NOC | US | $297.0m | 16 |
| General Dynamics GD | US | $267.0m | 13 |
| Mitsubishi Heavy Industries 7011 | JP | $197.7m | 23 |
| L3harris Technologies LHX | US | $138.3m | 18 |
| Thales HO | FR | $73.2m | 21 |
| Hanwha Aerospace 012450 | KR | $71.5m | 9 |
| Rheinmetall RHM | DE | $64.5m | 17 |
| Saab Ab SAABB | SE | $64.5m | 23 |
| Leonardo LDO | IT | $62.5m | 20 |
| Kongsberg Gruppen Asa KOG | NO | $60.7m | 21 |
| Hindustan Aeronautics HNAL | IN | $29.7m | 14 |
| Bharat Electronics BHE | IN | $22.7m | 14 |
| Elbit Systems ESLT | IL | $20.0m | 16 |
| Dassault Aviation AM | FR | $12.7m | 18 |
| Babcock Intl Group BAB | GB | $9.4m | 7 |
| Hensoldt HAG | DE | $3.8m | 16 |
| Korea Aerospace Industries 047810 | KR | $1.6m | 9 |
| Huntington Ingalls Industrie HII | US | $1.1m | 5 |
| Qinetiq Group QQ | GB | $280k | 2 |
| Kratos Defense & Security Solutions KTOS | US | $212k | 2 |
| Leonardo DRS | $22k | 1 |
ASX companies
| Company | Held by super | Funds |
|---|---|---|
| EOS Electro Optic Systems Holdings | $96.7m | 23 |
| ASB Austal | $59.9m | 21 |
| DRO Droneshield | $29.7m | 21 |
Super funds that don't invest in defence and weapons
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 defence and weapons companies entirely since its previous disclosure. Cut its share by half or more: legalsuper.
Every fund, then and now
| Fund | Compared with | Then | Now | Change |
|---|---|---|---|---|
| legalsuper | Jun 2025 | 1.93% | 0.85% | −1.08 pts |
| UniSuper | Dec 2025 | 0.71% | 0.61% | −0.10 pts |
| Aware Super | Jun 2023 | 0.60% | 0.55% | −0.04 pts |
| Hostplus | Jun 2025 | 0.09% | 0.08% | −0.01 pts |
| Prime Super | Dec 2025 | 0.48% | 0.48% | −0.01 pts |
| Australian Ethical | Dec 2024 | 0.00% | 0.00% | 0.00 pts |
| HESTA | Dec 2025 | 0.23% | 0.24% | +0.01 pts |
| AustralianSuper | Jun 2025 | 0.64% | 0.65% | +0.01 pts |
| Vision Super | Jun 2024 | 0.51% | 0.53% | +0.02 pts |
| Brighter Super | Jun 2025 | 0.55% | 0.59% | +0.04 pts |
| NGS Super | Jun 2025 | 0.19% | 0.24% | +0.05 pts |
| Vanguard Super | Dec 2024 | 0.13% | 0.22% | +0.09 pts |
| Equip | Jun 2025 | 0.30% | 0.40% | +0.10 pts |
| CSC | Dec 2024 | 0.36% | 0.49% | +0.13 pts |
| Rest | Jun 2025 | 0.44% | 0.61% | +0.17 pts |
| First Super | Dec 2024 | 0.06% | 0.27% | +0.20 pts |
| Russell Investments | Dec 2023 | 0.07% | 0.31% | +0.24 pts |
| ART | Dec 2024 | 0.41% | 0.66% | +0.26 pts |
| ADF Super | Jun 2023 | 0.19% | 0.49% | +0.30 pts |
| Cbus | Jun 2025 | 0.08% | 0.40% | +0.32 pts |
| CareSuper | Jun 2025 | 0.17% | 0.64% | +0.47 pts |
| BUSSQ | Dec 2024 | 0.18% | 1.05% | +0.86 pts |
Share of each fund's listed shares in defence and weapons 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: ASB, EOS, DRO, QHL.
Overseas companies whose name matches: lockheed martin, rtx, raytheon, northrop grumman, general dynamics, bae systems, l3harris, rheinmetall, thales, leonardo, saab, hanwha aerospace, kongsberg gruppen, elbit systems, huntington ingalls, hensoldt, babcock international, qinetiq, kratos defense, anduril, mitsubishi heavy industries, hindustan aeronautics, bharat electronics, korea aerospace, dassault aviation.