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USS Investment Management Ltd — 13F Holdings & Portfolio

CIK 1587381 · latest 13F-HR filed 2026-08-11

Backtest portfolio

USS Investment Management Ltd manages $27.84B in 13F-reported U.S. long-equity assets across 617 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPYM (20.95%), VOO (3.87%), IVV (3.46%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 137 new positions and exited 32; 240 existing positions rose in reported value and 156 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$27.84B

Long-equity book

Holdings
617

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+137 / −32 / ↑240 / ↓156

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
SPYM21.0% · 0%VOO3.9% · -55%IVV3.5% · -58%NVDA3.0% · -1%AMZN2.9% · +5%ENLT2.6% · -8%NVMI2.5% · +9%MSFT2.4% · -1%TSEM2.4% · -22%AAPL2.4% · -3%KLAC1.7% · +1051%CAMT1.6% · +12%V1.2% · +1%GOOGL1.2% · -2%APH1.2% · +4%FAST1.0% · +1%FERG1.0% · +2%AVGO1.0% · -1%GOOG1.0% · -1%JNJ0.9% · +2%MU0.8% · +5%TSLA0.8% · +14%MDT0.7% · +4%META0.7% · -1%CL0.7% · -1%ETN0.7% · +596%PG0.6% · +2%AON0.6% · +4%AMD0.6% · +11%LLY0.6% · -1%AZO0.5% · +1%ROL0.5% · +13%SPGI0.5% · +4%CSCO0.5% · +78%JPM0.5% · -4%YUM0.5% · -11%OTIS0.5% · -0%ICE0.4% · +0%VRSK0.4% · +1%BRK.B0.4% · -0%HD0.4% · -42%AMAT0.4% · +6%INTC0.4% · -7%LRCX0.4% · +6%APP0.3% · +13%CDNS0.3% · -55%RACE0.3% · +3%NU0.3% · -6%NET0.3% · +12%AU0.3% · +46%SPOT0.3% · +78%ABBV0.3% · +0%WMT0.3% · -6%NFLX0.2% · +10%BAP0.2% · +13%MA0.2% · -2%MAR0.2% · -52%COST0.2% · -3%GE0.2% · 0%UNH0.2% · -0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 46.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 240 →

Top Trims

Show all 156 →

New Positions

Show all 137 →

Exited Positions

Show all 32 →

USS Investment Management Ltd Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 SPDR SERIES TRUST SPYM 78464A854 $5.83B 20.95% 66,398,232 SH
2 VANGUARD INDEX FDS VOO 922908363 $1.08B 3.87% 1,569,585 SH
3 ISHARES TR IVV 464287200 $962.7M 3.46% 1,283,922 SH
4 NVIDIA CORPORATION NVDA 67066G104 $837.0M 3.01% 4,189,694 SH
5 AMAZON COM INC AMZN 023135106 $800.4M 2.88% 3,359,885 SH
6 ENLIGHT RENEWABLE ENERGY LTD ENLT M4056D110 $718.2M 2.58% 81,381 SH
7 NOVA LTD NVMI M7516K103 $688.3M 2.47% 13,023 SH
8 MICROSOFT CORP MSFT 594918104 $675.2M 2.43% 1,810,982 SH
9 TOWER SEMICONDUCTOR LTD TSEM M87915274 $670.6M 2.41% 26,142 SH
10 APPLE INC AAPL 037833100 $667.9M 2.40% 2,309,849 SH
11 KLA CORP KLAC 482480100 $474.4M 1.70% 1,573,410 SH
12 CAMTEK LTD CAMT M20791105 $433.7M 1.56% 27,498 SH
13 VISA INC V 92826C839 $334.0M 1.20% 974,591 SH
14 ALPHABET INC GOOGL 02079K305 $324.1M 1.16% 907,443 SH
15 AMPHENOL CORP APH 032095101 $320.6M 1.15% 1,817,788 SH
16 FASTENAL CO FAST 311900104 $287.6M 1.03% 5,988,644 SH
17 FERGUSON ENTERPRISES INC FERG 31488V107 $286.6M 1.03% 1,207,760 SH
18 BROADCOM INC AVGO 11135F101 $285.5M 1.03% 756,791 SH
19 ALPHABET INC GOOG 02079K107 $283.7M 1.02% 802,874 SH
20 JOHNSON & JOHNSON JNJ 478160104 $257.6M 0.93% 1,014,246 SH
21 MICRON TECHNOLOGY INC MU 595112103 $235.8M 0.85% 204,848 SH
22 TESLA INC TSLA 88160R101 $223.8M 0.80% 532,480 SH
23 MEDTRONIC PLC MDT G5960L103 $199.4M 0.72% 2,548,558 SH
24 META PLATFORMS INC META 30303M102 $199.0M 0.72% 353,546 SH
25 COLGATE PALMOLIVE CO CL 194162103 $199.0M 0.71% 2,171,891 SH
26 EATON CORP PLC ETN G29183103 $186.4M 0.67% 437,477 SH
27 PROCTER & GAMBLE CO PG 742718109 $177.3M 0.64% 1,210,581 SH
28 AON PLC AON G0403H108 $172.7M 0.62% 520,768 SH
29 ADVANCED MICRO DEVICES INC AMD 007903107 $169.3M 0.61% 291,735 SH
30 ELI LILLY & CO LLY 532457108 $167.6M 0.60% 139,687 SH
31 AUTOZONE INC AZO 053332102 $150.9M 0.54% 47,260 SH
32 ROLLINS INC ROL 775711104 $147.6M 0.53% 3,536,525 SH
33 S&P GLOBAL INC SPGI 78409V104 $147.0M 0.53% 361,488 SH
34 CISCO SYS INC CSCO 17275R102 $143.6M 0.52% 1,223,094 SH
35 JPMORGAN CHASE & CO JPM 46625H100 $142.4M 0.51% 435,160 SH
36 YUM BRANDS INC YUM 988498101 $138.2M 0.50% 864,413 SH
37 OTIS WORLDWIDE CORP OTIS 68902V107 $126.0M 0.45% 1,759,239 SH
38 INTERCONTINENTAL EXCHANGE IN ICE 45866F104 $117.1M 0.42% 951,154 SH
39 VERISK ANALYTICS INC VRSK 92345Y106 $116.6M 0.42% 649,881 SH
40 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $110.5M 0.40% 220,802 SH
41 HOME DEPOT INC HD 437076102 $108.6M 0.39% 308,143 SH
42 APPLIED MATLS INC AMAT 038222105 $108.5M 0.39% 150,041 SH
43 INTEL CORP INTC 458140100 $106.1M 0.38% 760,454 SH
44 LAM RESEARCH CORP LRCX 512807306 $102.5M 0.37% 236,445 SH
45 APPLOVIN CORP APP 03831W108 $91.0M 0.33% 176,660 SH
46 CADENCE DESIGN SYSTEM INC CDNS 127387108 $88.8M 0.32% 236,769 SH
47 FERRARI N V RACE N3167Y103 $87.5M 0.31% 236,309 SH
48 NU HLDGS LTD NU G6683N103 $86.2M 0.31% 6,448,677 SH
49 CLOUDFLARE INC NET 18915M107 $81.1M 0.29% 330,566 SH
50 ANGLOGOLD ASHANTI PLC AU G0378L100 $78.2M 0.28% 967,023 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $27.84B 617 0000919574-26-004930
2026-03-31 2026-04-24 $25.57B 512 0000919574-26-002394
2025-12-31 2026-02-13 $21.51B 508 0000919574-26-000941
Filer Information
Address
6TH FLOOR
60 THREADNEEDLE STREET
LONDON EC2R 8HP
Phone
00442079720300
Filing Manager
USS Investment Management Ltd
London, X0
Signatory
Edward W. Gripton
Head of Private Markets Compliance Advisory