Q2 2026 13F · SEC CIK 1587381

USS Investment Management Ltd

Asset managerFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $27.8B
Reported positions: 617
Top holdings a year, 3 yrs: +16.8%
Average holding period: 3.0 yrs

USS Investment Management Ltd is an asset manager that reported 617 positions worth $27.8B in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Spdr Series Trust (SPLG, 21.0%), Vanguard Index Fds (VOO, 3.9%), Ishares Tr (IVV, 3.5%). A portfolio copying its top holdings returned 16.8% a year over the last 3 years, against 19.9% for the S&P 500.

USS Investment Management Ltd holdings largest 50 of 617 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

USS Investment Management Ltd 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPLGSpdr Series Trust	21.0%	19.9%	66,398,232	+0.0%	$5.8B
VOOVanguard Index Fds	3.9%	8.2%	1,569,585	-55.1%	$1.1B
IVVIshares Tr	3.5%	7.8%	1,283,922	-57.7%	$962.7M
NVDANvidia Corporation	3.0%	2.9%	4,189,694	-0.9%	$837.0M
AMZNAmazon Com Inc	2.9%	2.6%	3,359,885	+5.1%	$800.4M
ENLTEnlight Renewable Energy Ltd	2.6%	2.3%	81,381	-7.6%	$718.2M
NVMINova Ltd	2.5%	2.0%	13,023	+9.3%	$688.3M
MSFTMicrosoft Corp	2.4%	2.7%	1,810,982	-1.3%	$675.2M
TSEMTower Semiconductor Ltd	2.4%	2.2%	26,142	-22.2%	$670.6M
AAPLApple Inc	2.4%	2.4%	2,309,849	-3.1%	$667.9M
KLACKla Corp	1.7%	0.8%	1,573,410	+1050.9%	$474.4M
CAMTCamtek Ltd	1.6%	1.4%	27,498	+12.0%	$433.7M
VVisa Inc	1.2%	1.1%	974,591	+1.3%	$334.0M
GOOGLAlphabet Inc	1.2%	1.0%	907,443	-2.3%	$324.1M
APHAmphenol Corp	1.2%	0.9%	1,817,788	+4.5%	$320.6M
FASTFastenal Co	1.0%	1.1%	5,988,644	+0.6%	$287.6M
FERGFerguson Enterprises Inc Common Stock Ne	1.0%	1.1%	1,207,760	+2.1%	$286.6M
AVGOBroadcom Inc	1.0%	0.9%	756,791	-1.2%	$285.5M
GOOGAlphabet Inc	1.0%	0.9%	802,874	-1.4%	$283.7M
JNJJohnson & Johnson	0.9%	0.9%	1,014,246	+2.2%	$257.6M
MUMicron Technology Inc	0.8%	0.3%	204,848	+5.0%	$235.8M
TSLATesla Inc	0.8%	0.7%	532,480	+14.1%	$223.8M
MDTMedtronic PLC	0.7%	0.8%	2,548,558	+4.0%	$199.4M
METAMeta Platforms Inc	0.7%	0.8%	353,546	-0.6%	$199.0M
CLColgate Palmolive Co	0.7%	0.7%	2,171,891	-1.3%	$199.0M
ETNEaton Corp PLC	0.7%	—	437,477	—	$186.4M
PGProcter & Gamble Co	0.6%	0.7%	1,210,581	+1.5%	$177.3M
AONAon PLC	0.6%	0.6%	520,768	+3.6%	$172.7M
AMDAdvanced Micro Devices Inc	0.6%	—	291,735	—	$169.3M
LLYEli Lilly & Co	0.6%	0.5%	139,687	-1.2%	$167.6M
AZOAutozone Inc	0.5%	0.6%	47,260	+0.9%	$150.9M
ROLRollins Inc	0.5%	0.7%	3,536,525	+12.9%	$147.6M
SPGIS&p Global Inc	0.5%	0.6%	361,488	+3.8%	$147.0M
CSCOCisco Sys Inc	0.5%	—	1,223,094	—	$143.6M
JPMJpmorgan Chase & Co	0.5%	0.5%	435,160	-4.0%	$142.4M
YUMYum Brands Inc	0.5%	0.6%	864,413	-11.3%	$138.2M
OTISOtis Worldwide Corp	0.5%	0.5%	1,759,239	-0.5%	$126.0M
ICEIntercontinental Exchange Inc	0.4%	0.6%	951,154	+0.4%	$117.1M
VRSKVerisk Analytics Inc	0.4%	0.5%	649,881	+1.1%	$116.6M
BRK-BBerkshire Hathaway Inc Del	0.4%	0.4%	220,802	-0.5%	$110.5M
HDHome Depot Inc	0.4%	0.7%	308,143	-42.0%	$108.6M
AMATApplied Matls Inc	0.4%	—	150,041	—	$108.5M
INTCIntel Corp	0.4%	—	760,454	—	$106.1M
LRCXLam Research Corp	0.4%	—	236,445	—	$102.5M
APPApplovin Corp	0.3%	0.2%	176,660	+13.4%	$91.0M
CDNSCadence Design System Inc	0.3%	0.6%	236,769	-54.8%	$88.8M
RACEFerrari N V	0.3%	0.3%	236,309	+3.0%	$87.5M
NUNu Hldgs Ltd	0.3%	0.4%	6,448,677	-5.9%	$86.2M
NETCloudflare Inc	0.3%	—	330,566	—	$81.1M
AUAnglogold Ashanti PLC	0.3%	0.3%	967,023	+45.9%	$78.2M

What USS Investment Management Ltd bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: +16.8% /yr; S&P 500 +19.9%
5 years: +6.8% /yr; S&P 500 +9.8%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$27.8B	617
Q1 2026	$25.6B	512
Q4 2025	$21.5B	508
Q3 2025	$22.0B	526
Q2 2025	$16.9B	523
Q1 2025	$13.7B	533
Q4 2024	$14.3B	554
Q3 2024	$13.7B	535
Q2 2024	$12.6B	551
Q1 2024	$12.2B	542
Q4 2023	$11.2B	552
Q3 2023	$9.2B	577

Questions about USS Investment Management Ltd's portfolio

What stocks does USS Investment Management Ltd own?

USS Investment Management Ltd's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 617 positions worth $27.8B. The largest are Spdr Series Trust (SPLG) at 21.0%, Vanguard Index Fds (VOO) at 3.9%, Ishares Tr (IVV) at 3.5%, Nvidia Corporation (NVDA) at 3.0% and Amazon Com Inc (AMZN) at 2.9%.

What did USS Investment Management Ltd buy last quarter?

In Q2 2026, USS Investment Management Ltd added Kla Corp (KLAC) (+1050.9% shares), Anglogold Ashanti PLC (AU) (+45.9% shares) and Tesla Inc (TSLA) (+14.1% shares), compared with its Q1 2026 filing.

What did USS Investment Management Ltd sell last quarter?

In Q2 2026, USS Investment Management Ltd cut from its top 50 Marriott Intl Inc New (MAR), cut from its top 50 Walmart Inc (WMT), cut from its top 50 Netflix Inc. (NFLX), cut from its top 50 Costco Wholesale Corporation (COST), cut from its top 50 Pdd Holdings Inc (PDD), Ishares Tr (IVV) (-57.7% shares), Vanguard Index Fds (VOO) (-55.1% shares) and Cadence Design System Inc (CDNS) (-54.8% shares), compared with its Q1 2026 filing.

How has USS Investment Management Ltd's portfolio performed?

A portfolio copying USS Investment Management Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.8% a year over the last 3 years, against +19.9% for the S&P 500. Over 5 years: +6.8% a year against +9.8%.

When is USS Investment Management Ltd's next 13F filing due?

13F filings are due 45 days after each quarter ends. USS Investment Management Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.