Apple, Microsoft, Nvidia: the power trio in the NZ Super Fund’s portfolio

Nvidia, founded by chief executive Jensen Huang, saw its super fund investment increase. (Image: Getty)

Tue, 17 Sep 2024

Forget the Magnificent Seven – it’s now the Magnificent Six, an analyst says. At June 30, the NZ Super fund had about $37.9 billion invested in global equities with about $7.3b in the Magnificent Seven, its most recent portfolio disclosure showed.Those stocks, Microsoft, Nvidia and Apple are part of the so-called Magnificent Seven tech stocks which included Amazon, Meta Platforms, Alphabet and Tesla. The fund had $4.79b invested in just three stocks, Apple, Nvidia and Microsoft at June 30.Overall, the super fund’s an...

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