2024/25 Annual Statements

Look out for your 2024/25 annual statement - arriving this September and October. Depending on your communication preferences, it will be sent to you by post, or you'll be notified by email when it's available in your online account.

Media Super investment managers

Media Super uses Australian and international investment managers, and also manages some assets internally.

Each investment manager is responsible for a specified amount of Media Super assets. They are managed with an agreed mandate between the manager and the Trustee, in consultation with the investment adviser.

During the year, we monitor the performance of investment managers closely and compare it with industry benchmarks.

Total investmentsAt 30 June 2025
$ millions(%)
Australian shares
IFM Investors4,791.554.56
Ausbil Investment Management2,860.002.72
Pendal Group2,749.632.62
Airlie Funds Management2,702.472.57
Perpetual Investment Management2,691.392.56
Allan Gray Australia2,098.172.00
Hyperion Asset Management2,092.191.99
Cbus Internally Managed1,866.931.78
RQI Investors600.280.57
Yarra Capital Management452.650.43
Paradice Investment Management409.210.39
L1 Capital277.510.26
Blackrock145.640.14
Mesirow Financial11.820.01
Acorn Capital Investment Fund Limited2.120.00
Other10.310.00
Total Australian shares 23,751.87 22.62
Property
Cbus Property5,124.954.88
ISPT1,896.281.81
Dexus686.250.65
Heitman514.110.49
Resolution Capital217.700.21
Charter Hall134.340.13
GPT Group116.810.11
Nuveen81.300.08
EG Funds Management57.950.06
QIC30.610.03
Mesirow Financial16.870.02
Other10.240.00
Total Property 8,877.42 8.45
Cash
Cbus Internally Managed5,117.814.87
ANZ1032.690.98
Mesirow Financial2169.790.16
Total Cash 6,320.29 6.02
Alternatives
Cbus Internally Managed1387.501.32
IFM Investors729.990.70
Barings385.450.37
Siguler Guff & Company183.870.18
Challenger457.590.05
Blackrock3.980.00
Cerberus Capital Management3.630.00
Sculptor Capital Management1.860.00
TPG Opportunities Partners II0.610.00
Total Alternatives 2,754.48 2.62
Emerging Markets
RQI Investors741.300.71
Wellington Management Company523.570.50
Cbus Internally Managed479.950.46
GLG MAN470.660.45
FIL Investments Management Australian Limited372.350.35
GQG Partners302.350.29
Other10.840.00
Mesirow Financial2-4.580.00
Total Emerging Markets 2,886.44 2.75
Enhanced Income
First Sentier Investors525.410.50
Total Enhanced Income 525.41 0.50
Global Fixed Interest
Blackrock4,214.984.01
Other10.010.00
Total Global Fixed Interest 4,214.99 4.01
Australian Fixed Interest
Blackrock4,057.343.86
Cbus Internally Managed154.230.15
Total Australian Fixed Interest4,211.574.01
Infrastructure
IFM Investors6,543.476.23
Morrison1,633.221.56
KKR1,515.661.44
Cbus Internally Managed869.820.83
Stepstone Group635.590.61
Stonepeak406.350.39
Columbia Capital396.380.38
Antin Infrastructure Partners355.480.34
Capital Dynamics302.610.29
Igneo Infrastructure Partners160.300.15
Foresight Group Holding Ltd159.180.15
Copenhagen Infrastructure Partners155.580.15
Resolution Capital49.680.05
UBS10.850.01
Total Infrastructure 13,194.1712.57
International Equities
Cbus Internally Managed5,661.455.39
RQI Investors4,902.754.67
Arrowstreet Capital3,645.093.47
Mondrian Investment Partners3,520.283.35
Alphinity3,383.143.22
Baillie Gifford Overseas2,923.032.78
Silvercrest Asset Management2,168.332.07
Harris Associates2,116.422.02
Ravenswood Partners, LP427.400.41
Blackrock199.240.19
Mesirow Financial25.520.01
Other11.750.00
Citigroup Global Markets Australia0.110.00
Challenger4-14.72-0.01
Total International Equities 28,939.7927.56
Global Credit
IFM Investors1,980.161.89
Oaktree Capital Management1,900.921.81
Barings1,242.671.18
Cbus Internally Managed1,076.711.03
Maxcap Group52.450.05
Challenger429.110.03
Westbourne Capital0.670.00
Mesirow Financial20.130.00
Other10.080.00
Total Global Credit6,282.905.98
Private Equity
Roc Partners713.560.68
Cbus Internally Managed468.940.45
Brookfield Asset Management465.600.44
Harbourvest277.180.26
Neuberger Berman167.870.16
EQT103.970.10
Potentia Capital95.990.09
LGT Capital Partners70.590.07
Blackstone55.510.05
ARCHIMED55.150.05
Charlesbank Capital Partners53.210.05
VenCap International Plc34.160.03
Next Capital22.080.02
IFM Investors15.220.01
Top Tier Capital Partners13.670.01
Stafford Capital Partners12.720.01
The Growth Fund4.570.00
Mill Point Capital3.840.00
Bain Capital1.780.00
Archer Capital1.160.00
Continuity Capital0.870.00
Other10.690.00
Total Private Equity 2,638.34 2.51
Other Assets3
Cbus Self Managed260.880.25
First Sentier Investors141.060.13
Total Other Assets401.940.38
Grand Total 104,999.61 100.00


1Other may include operational cash, options, funds in transition and outstanding fees on closed accounts, and funds held in the Administration account
2
Mesirow Financial Currency Management manages the currency hedging for Cbus.
3
Hybrid strategy implemented by external investment manager.
4
Challenger Investment Solutions Management manages the daily collateral we owe or is owed for our derivative position.

Note: figures are subject to rounding.

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