USS Investment Management
London, X0files as USS Investment Management Ltd
$27.8bn in 617 US stocks at the end of 30 June 2026. The top 10 are 46.4% of the money. It changed about 14.1% of the portfolio this quarter.
Value
$27.8bn
Stocks
617
Top 10 share
46.4%
Turnover
14.1%
What changed this quarter
New
Bought for the first time this quarter.
- SandiskSNDK0.2% of the fund
- Western DigitalWDC0.1% of the fund
- Ascendis Pharma A/SASND0.1% of the fund
- Modine ManufacturingMOD0.1% of the fund
- RBC BearingsRBC0.1% of the fund
- CoherentCOHR0.1% of the fund
- Lattice SemiconductorLSCC0.1% of the fund
- WoodwardWWD0.1% of the fund
- US Foods HoldingUSFD<0.1% of the fund
- APi GroupAPG<0.1% of the fund
- CompassCOMP<0.1% of the fund
- Twist BioscienceTWST<0.1% of the fund
- Teledyne TechnologiesTDY<0.1% of the fund
- EntegrisENTG<0.1% of the fund
- Liberty MediaFWONK<0.1% of the fund
- Space Exploration TechnologiesSPCX<0.1% of the fund
- InsmedINSM<0.1% of the fund
- CognexCGNX<0.1% of the fund
- STMicroelectronicsSTM<0.1% of the fund
- VeracyteVCYT<0.1% of the fund
- CienaCIEN<0.1% of the fund
- Comfort Systems USAFIX<0.1% of the fund
- TeradyneTER<0.1% of the fund
- QXOQXO<0.1% of the fund
- Tyler TechnologiesTYL<0.1% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN2.9% of the fund+5%
- NovaNVMI2.5% of the fund+9%
- KLAKLAC1.7% of the fund+15%
- CamtekCAMT1.6% of the fund+12%
- AmphenolAPH1.2% of the fund+5%
- Ferguson EnterprisesFERG1.0% of the fund+2%
- Johnson & JohnsonJNJ0.9% of the fund+2%
- Micron TechnologyMU0.8% of the fund+5%
- TeslaTSLA0.8% of the fund+14%
- MedtronicMDT0.7% of the fund+4%
- EatonETN0.7% of the fund+596%
- AonAON0.6% of the fund+4%
- Advanced Micro DevicesAMD0.6% of the fund+11%
- RollinsROL0.5% of the fund+13%
- S&P GlobalSPGI0.5% of the fund+4%
- Cisco SystemsCSCO0.5% of the fund+78%
- Applied MaterialsAMAT0.4% of the fund+7%
- Lam ResearchLRCX0.4% of the fund+6%
- AppLovinAPP0.3% of the fund+13%
- FerrariRACE0.3% of the fund+3%
- CloudflareNET0.3% of the fund+12%
- AngloGold AshantiAU0.3% of the fund+46%
- Spotify TechnologySPOT0.3% of the fund+78%
- NetflixNFLX0.2% of the fund+10%
- CredicorpBAP0.2% of the fund+13%
Cut
Sold some of their stake.
- Vanguard Index FDSVOO3.9% of the fund-55%
- Ishares TRIVV3.5% of the fund-58%
- Enlight Renewable EnergyENLT2.6% of the fund-8%
- Tower SemiconductorTSEM2.4% of the fund-22%
- AppleAAPL2.4% of the fund-3%
- AlphabetGOOGL1.2% of the fund-2%
- JPMorgan ChaseJPM0.5% of the fund-4%
- YUM BrandsYUM0.5% of the fund-11%
- Home DepotHD0.4% of the fund-42%
- IntelINTC0.4% of the fund-7%
- Cadence Design SystemsCDNS0.3% of the fund-55%
- Nu HoldingsNU0.3% of the fund-6%
- WalmartWMT0.3% of the fund-6%
- MastercardMA0.2% of the fund-2%
- Marriott InternationalMAR0.2% of the fund-52%
- Costco WholesaleCOST0.2% of the fund-3%
- CaterpillarCAT0.2% of the fund-4%
- Bank of AmericaBAC0.2% of the fund-5%
- Mexican Economic DevelopmentFMX0.2% of the fund-4%
- MercadoLibreMELI0.2% of the fund-12%
- Goldman Sachs GroupGS0.2% of the fund-5%
- PDD HoldingsPDD0.2% of the fund-17%
- CitigroupC0.1% of the fund-5%
- Wells Fargo & CompanyWFC0.1% of the fund-8%
- McDonald'sMCD0.1% of the fund-3%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- Ishares TRMCHI-100%
- Ishares TRINDA-100%
- AtlassianTEAM-100%
- Carnival-100%
- AmrizeAMRZ-100%
- Invitation HomesINVH-100%
- Sunbelt Rentals HoldingsSUNB-100%
- DuPont de NemoursDD-100%
- McCormickMKC-100%
- Tractor SupplyTSCO-100%
- WeyerhaeuserWY-100%
- Genuine PartsGPC-100%
- TrimbleTRMB-100%
- Costar GroupCSGP-100%
- CDWCDW-100%
- Super Micro ComputerSMCI-100%
- GartnerIT-100%
- HubspotHUBS-100%
- Gen DigitalGEN-100%
- Thomson Reuters-100%
- PinterestPINS-100%
- Solstice Advanced MaterialsSOLS-100%
- AerCap HoldingsAER-100%
- Trade DeskTTD-100%
Holdings
- Spdr Series TrustSPYM
- Share
- 21.0%
- Value
- $5.8bn
- Shares
- 66,398,232
Held
- Vanguard Index FDSVOO
- Share
- 3.9%
- Value
- $1.1bn
- Shares
- 1,569,585
-55%
- Ishares TRIVV
- Share
- 3.5%
- Value
- $963m
- Shares
- 1,283,922
-58%
- SeaSE
- Share
- 0.2%
- Value
- $60m
- Shares
- 623,699
+76%
- Gold FieldsGFI
- Share
- 0.2%
- Value
- $55m
- Shares
- 1,631,161
+36%
- Argenx SEARGX
- Share
- 0.2%
- Value
- $54m
- Shares
- 57,903
+377%
- Royal Bank of CanadaRY
- Share
- 0.2%
- Value
- $46m
- Shares
- 224,774
Held
- PDD HoldingsPDD
- Share
- 0.2%
- Value
- $44m
- Shares
- 581,284
-17%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Spdr Series TrustSPYM | 21.0% | $5.8bn | 66,398,232 | Held |
| Vanguard Index FDSVOO | 3.9% | $1.1bn | 1,569,585 | -55% |
| Ishares TRIVV | 3.5% | $963m | 1,283,922 | -58% |
| NvidiaNVDA | 3.0% | $837m | 4,189,694 | Held |
| Amazon.comAMZN | 2.9% | $800m | 3,359,885 | +5% |
| Enlight Renewable EnergyENLT | 2.6% | $718m | 81,381 | -8% |
| NovaNVMI | 2.5% | $688m | 13,023 | +9% |
| MicrosoftMSFT | 2.4% | $675m | 1,810,982 | Held |
| Tower SemiconductorTSEM | 2.4% | $671m | 26,142 | -22% |
| AppleAAPL | 2.4% | $668m | 2,309,849 | -3% |
| KLAKLAC | 1.7% | $474m | 1,573,410 | +15% |
| CamtekCAMT | 1.6% | $434m | 27,498 | +12% |
| VisaV | 1.2% | $334m | 974,591 | Held |
| AlphabetGOOGL | 1.2% | $324m | 907,443 | -2% |
| AmphenolAPH | 1.2% | $321m | 1,817,788 | +5% |
| FastenalFAST | 1.0% | $288m | 5,988,644 | Held |
| Ferguson EnterprisesFERG | 1.0% | $287m | 1,207,760 | +2% |
| BroadcomAVGO | 1.0% | $286m | 756,791 | Held |
| AlphabetGOOG | 1.0% | $284m | 802,874 | Held |
| Johnson & JohnsonJNJ | 0.9% | $258m | 1,014,246 | +2% |
| Micron TechnologyMU | 0.8% | $236m | 204,848 | +5% |
| TeslaTSLA | 0.8% | $224m | 532,480 | +14% |
| MedtronicMDT | 0.7% | $199m | 2,548,558 | +4% |
| Meta PlatformsMETA | 0.7% | $199m | 353,546 | Held |
| Colgate-PalmoliveCL | 0.7% | $199m | 2,171,891 | Held |
| EatonETN | 0.7% | $186m | 437,477 | +596% |
| Procter & GamblePG | 0.6% | $177m | 1,210,581 | Held |
| AonAON | 0.6% | $173m | 520,768 | +4% |
| Advanced Micro DevicesAMD | 0.6% | $169m | 291,735 | +11% |
| Eli LillyLLY | 0.6% | $168m | 139,687 | Held |
| AutozoneAZO | 0.5% | $151m | 47,260 | Held |
| RollinsROL | 0.5% | $148m | 3,536,525 | +13% |
| S&P GlobalSPGI | 0.5% | $147m | 361,488 | +4% |
| Cisco SystemsCSCO | 0.5% | $144m | 1,223,094 | +78% |
| JPMorgan ChaseJPM | 0.5% | $142m | 435,160 | -4% |
| YUM BrandsYUM | 0.5% | $138m | 864,413 | -11% |
| Otis WorldwideOTIS | 0.5% | $126m | 1,759,239 | Held |
| Intercontinental ExchangeICE | 0.4% | $117m | 951,154 | Held |
| Verisk AnalyticsVRSK | 0.4% | $117m | 649,881 | Held |
| Berkshire HathawayBRK-B | 0.4% | $110m | 220,802 | Held |
| Home DepotHD | 0.4% | $109m | 308,143 | -42% |
| Applied MaterialsAMAT | 0.4% | $109m | 150,041 | +7% |
| IntelINTC | 0.4% | $106m | 760,454 | -7% |
| Lam ResearchLRCX | 0.4% | $102m | 236,445 | +6% |
| AppLovinAPP | 0.3% | $91m | 176,660 | +13% |
| Cadence Design SystemsCDNS | 0.3% | $89m | 236,769 | -55% |
| FerrariRACE | 0.3% | $88m | 236,309 | +3% |
| Nu HoldingsNU | 0.3% | $86m | 6,448,677 | -6% |
| CloudflareNET | 0.3% | $81m | 330,566 | +12% |
| AngloGold AshantiAU | 0.3% | $78m | 967,023 | +46% |
| Spotify TechnologySPOT | 0.3% | $78m | 170,325 | +78% |
| AbbVieABBV | 0.3% | $75m | 300,376 | Held |
| WalmartWMT | 0.3% | $75m | 661,848 | -6% |
| NetflixNFLX | 0.2% | $69m | 972,112 | +10% |
| CredicorpBAP | 0.2% | $69m | 176,134 | +13% |
| MastercardMA | 0.2% | $68m | 131,942 | -2% |
| Marriott InternationalMAR | 0.2% | $68m | 182,493 | -52% |
| Costco WholesaleCOST | 0.2% | $65m | 69,740 | -3% |
| General ElectricGE | 0.2% | $65m | 174,088 | Held |
| UnitedHealth GroupUNH | 0.2% | $62m | 148,793 | Held |
| Palo Alto NetworksPANW | 0.2% | $61m | 179,045 | +32% |
| SeaSE | 0.2% | $60m | 623,699 | +76% |
| CaterpillarCAT | 0.2% | $60m | 56,034 | -4% |
| Bank of AmericaBAC | 0.2% | $59m | 1,034,242 | -5% |
| Coca-ColaKO | 0.2% | $57m | 703,840 | +8% |
| Mexican Economic DevelopmentFMX | 0.2% | $57m | 443,243 | -4% |
| MerckMRK | 0.2% | $56m | 432,343 | Held |
| Gold FieldsGFI | 0.2% | $55m | 1,631,161 | +36% |
| Intuitive SurgicalISRG | 0.2% | $54m | 136,578 | +11% |
| Argenx SEARGX | 0.2% | $54m | 57,903 | +377% |
| Texas InstrumentsTXN | 0.2% | $53m | 176,208 | +14% |
| Banco Santander ChileBSAC | 0.2% | $51m | 1,561,544 | Held |
| Marvell TechnologyMRVL | 0.2% | $51m | 172,407 | +5% |
| MercadoLibreMELI | 0.2% | $51m | 29,868 | -12% |
| Goldman Sachs GroupGS | 0.2% | $50m | 49,477 | -5% |
| ShopifySHOP | 0.2% | $50m | 436,547 | +8% |
| International Business MachinesIBM | 0.2% | $48m | 171,018 | +13% |
| AstrazenecaAZN | 0.2% | $48m | 255,043 | Held |
| Royal Bank of CanadaRY | 0.2% | $46m | 224,774 | Held |
| PDD HoldingsPDD | 0.2% | $44m | 581,284 | -17% |
| West Pharmaceutical ServicesWST | 0.2% | $44m | 123,343 | +542% |
| Palantir TechnologiesPLTR | 0.2% | $44m | 379,094 | +12% |
| CrowdStrike HoldingsCRWD | 0.2% | $44m | 57,554 | +36% |
| Seagate Technology HoldingsSTX | 0.2% | $43m | 45,018 | +5% |
| Morgan StanleyMS | 0.2% | $43m | 206,196 | Held |
| SandiskSNDK | 0.2% | $43m | 18,810 | New |
| Axon EnterpriseAXON | 0.2% | $43m | 76,122 | +23% |
| Southern CopperSCCO | 0.2% | $42m | 240,172 | +60% |
| QualcommQCOM | 0.1% | $42m | 225,271 | +17% |
| OracleORCL | 0.1% | $41m | 281,622 | +2% |
| CorningGLW | 0.1% | $41m | 159,465 | +14% |
| CitigroupC | 0.1% | $41m | 290,040 | -5% |
| Wells Fargo & CompanyWFC | 0.1% | $41m | 490,589 | -8% |
| LindeLIN | 0.1% | $40m | 76,502 | Held |
| Western DigitalWDC | 0.1% | $39m | 60,716 | New |
| RedditRDDT | 0.1% | $39m | 222,559 | +33% |
| Analog DevicesADI | 0.1% | $38m | 96,774 | +12% |
| Ascendis Pharma A/SASND | 0.1% | $38m | 141,010 | New |
| Arista NetworksANET | 0.1% | $36m | 213,191 | +19% |
| AmgenAMGN | 0.1% | $35m | 96,817 | Held |
Showing the largest 100 of 617.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 64.9% since 30 June 2025.
Where the money is
Technology23.6%
Industrials11.8%
Financial services8.0%
Retail & consumer7.3%
Health care6.0%
Media & telecom4.6%
Utilities3.3%
Everyday goods3.0%
Materials1.3%
Real estate1.0%
Energy0.7%
Other29.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.