USS Investment Management Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 11, 2026), USS Investment Management Ltd reported 617 stock positions worth $25.4 billion. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 23.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 4.2%) and iShares Core S&P 500 ETF (IVV, 3.8%). Compared with Q1 2026, it opened 131 new positions, sold out of 28, added to 248 and reduced 187. The biggest buy was KLA (KLAC, shares +15%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001587381
- Portfolio Value
- $25.4B (Q2 2026)
- SEC Filing
- 0000919574-26-004930 ↗ filed Aug 11, 2026
Holdings Value
Holdings 617 stocks · $25.4B
| SPYM Ste STR SPDR PT S&P 500 ETF | 23.01% | 66,398,232 | $5.8B | No change |
| VOO Vanguard S&P 500 ETF | 4.25% | 1,569,585 | $1.1B | Reduce -55.1% |
| IVV iShares Core S&P 500 ETF | 3.80% | 1,283,922 | $962.7M | Reduce -57.7% |
| NVDA Nvidia Corp. | 3.30% | 4,189,694 | $837.0M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 3.16% | 3,359,885 | $800.4M | Add +5.1% |
| MSFT Microsoft Corp. | 2.66% | 1,810,982 | $675.2M | Reduce -1.3% |
| AAPL Apple Inc. | 2.63% | 2,309,849 | $667.9M | Reduce -3.1% |
| KLAC KLA Corp. | 1.87% | 1,573,410 | $474.4M | Add +15.1% |
| V Visa Inc. Class A | 1.32% | 974,591 | $334.0M | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 1.28% | 907,443 | $324.1M | Reduce -2.3% |
| APH Amphenol Corp. Class A | 1.26% | 1,817,788 | $320.6M | Add +4.5% |
| FAST Fastenal Co. | 1.13% | 5,988,644 | $287.6M | Add +0.6% |
| FERG Ferguson Enterprises Inc. | 1.13% | 1,207,760 | $286.6M | Add +2.1% |
| AVGO Broadcom Inc. | 1.13% | 756,791 | $285.5M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 1.12% | 802,874 | $283.7M | Reduce -1.4% |
| JNJ Johnson & Johnson | 1.02% | 1,014,246 | $257.6M | Add +2.2% |
| MU Micron Technology Inc. | 0.93% | 204,848 | $235.8M | Add +5.0% |
| TSLA Tesla Inc. | 0.88% | 532,480 | $223.8M | Add +14.1% |
| MDT Medtronic PLC | 0.79% | 2,548,558 | $199.4M | Add +4.0% |
| META Meta Platforms Inc. Class A | 0.79% | 353,546 | $199.0M | Reduce -0.6% |
| CL Colgate-Palmolive Co. | 0.79% | 2,171,891 | $199.0M | Reduce -1.3% |
| ETN Eaton Corp. PLC | 0.74% | 437,477 | $186.4M | Add +596.4% |
| PG The Procter & Gamble Co. | 0.70% | 1,210,581 | $177.3M | Add +1.5% |
| AON Aon PLC Class A | 0.68% | 520,768 | $172.7M | Add +3.6% |
| AMD Advanced Micro Devices | 0.67% | 291,735 | $169.3M | Add +10.6% |
| LLY Eli Lilly & Co. | 0.66% | 139,687 | $167.6M | Reduce -1.2% |
| AZO AutoZone Inc. | 0.60% | 47,260 | $150.9M | Add +0.9% |
| ROL Rollins Inc. | 0.58% | 3,536,525 | $147.6M | Add +12.9% |
| SPGI S&P Global Inc. | 0.58% | 361,488 | $147.0M | Add +3.8% |
| CSCO Cisco Systems Inc. | 0.57% | 1,223,094 | $143.6M | Add +78.2% |
| JPM JPMorgan Chase & Co. | 0.56% | 435,160 | $142.4M | Reduce -4.0% |
| YUM Yum! Brands Inc. | 0.55% | 864,413 | $138.2M | Reduce -11.3% |
| OTIS Otis Worldwide Corp. | 0.50% | 1,759,239 | $126.0M | Reduce -0.5% |
| ICE Intercontinental Exchange Inc. | 0.46% | 951,154 | $117.1M | Add +0.5% |
| VRSK Verisk Analytics Inc. | 0.46% | 649,881 | $116.6M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 220,802 | $110.5M | Reduce -0.5% |
| HD Home Depot Inc. | 0.43% | 308,143 | $108.6M | Reduce -42.0% |
| AMAT Applied Materials Inc. | 0.43% | 150,041 | $108.5M | Add +6.5% |
| INTC Intel Corp. | 0.42% | 760,454 | $106.1M | Reduce -7.2% |
| LRCX Lam Research Corp. | 0.40% | 236,445 | $102.5M | Add +5.9% |
| APP AppLovin Corp. Class A | 0.36% | 176,660 | $91.0M | Add +13.4% |
| CDNS Cadence Design SYS Inc. | 0.35% | 236,769 | $88.8M | Reduce -54.9% |
| RACE Ferrari NV | 0.35% | 236,309 | $87.5M | Add +3.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.34% | 6,448,677 | $86.2M | Reduce -5.9% |
| NET Cloudflare Inc. Class A | 0.32% | 330,566 | $81.1M | Add +11.6% |
| AU Anglogold Ashanti PLC | 0.31% | 967,023 | $78.2M | Add +45.9% |
| SPOT Spotify Technology SA | 0.31% | 170,325 | $78.2M | Add +78.4% |
| ABBV Abbvie Inc. | 0.30% | 300,376 | $75.5M | Add +0.5% |
| WMT Walmart Inc. | 0.30% | 661,848 | $74.9M | Reduce -5.9% |
| NFLX Netflix Inc. | 0.27% | 972,112 | $69.4M | Add +9.7% |
| BAP Credicorp Ltd. | 0.27% | 176,134 | $68.6M | Add +12.7% |
| MA Mastercard Inc. Class A | 0.27% | 131,942 | $67.8M | Reduce -2.3% |
| MAR Marriott International Class A | 0.27% | 182,493 | $67.6M | Reduce -52.1% |
| COST Costco Wholesale Corp. | 0.26% | 69,740 | $65.2M | Reduce -3.0% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 174,088 | $65.0M | No change |
| UNH Unitedhealth Group Inc. | 0.24% | 148,793 | $61.8M | Reduce -0.1% |
| PANW Palo Alto Networks Inc. | 0.24% | 179,045 | $61.0M | Add +32.2% |
| SE Sea Ltd.-ADR | 0.24% | 623,699 | $59.7M | Add +76.3% |
| CAT Caterpillar Inc. | 0.24% | 56,034 | $59.6M | Reduce -4.0% |
| BAC Bank of America Corp. | 0.23% | 1,034,242 | $58.9M | Reduce -4.6% |
| KO The Coca-Cola Co. | 0.23% | 703,840 | $57.2M | Add +8.3% |
| FMX Fomento Economico Mex-SP ADR | 0.22% | 443,243 | $56.7M | Reduce -4.2% |
| MRK Merck & Co. Inc. | 0.22% | 432,343 | $55.5M | Reduce -0.4% |
| GFI Gold Fields Ltd.-Spons ADR | 0.22% | 1,631,161 | $54.8M | Add +35.9% |
| ISRG Intuitive Surgical Inc. | 0.21% | 136,578 | $54.3M | Add +11.3% |
| ARGX Argenx SE - ADR | 0.21% | 57,903 | $53.8M | Add +376.8% |
| TXN Texas Instruments Inc. | 0.21% | 176,208 | $52.5M | Add +13.7% |
| BSAC Banco Santander-Chile-ADR | 0.20% | 1,561,544 | $51.4M | No change |
| MRVL Marvell Technology Inc. | 0.20% | 172,407 | $51.3M | Add +5.3% |
| MELI MercadoLibre Inc. | 0.20% | 29,868 | $50.7M | Reduce -11.7% |
| GS Goldman Sachs Group Inc. | 0.20% | 49,477 | $50.0M | Reduce -5.2% |
| SHOP Shopify Inc. Class A | 0.20% | 436,547 | $49.9M | Add +8.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.19% | 171,018 | $48.1M | Add +12.7% |
| AZN Astrazeneca PLC | 0.19% | 255,043 | $47.7M | Reduce -0.2% |
| RY Royal Bank of Canada | 0.18% | 224,774 | $46.4M | Reduce -1.8% |
| PDD PDD Holdings Inc. | 0.17% | 581,284 | $44.3M | Reduce -16.7% |
| WST West Pharmaceutical Services | 0.17% | 123,343 | $44.3M | Add +542.2% |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 379,094 | $44.2M | Add +11.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 57,554 | $43.9M | Add +36.0% |
| STX Seagate Technology Holdings | 0.17% | 45,018 | $43.4M | Add +4.9% |
| MS Morgan Stanley | 0.17% | 206,196 | $43.1M | Reduce -0.3% |
| SNDK Sandisk Corp. | 0.17% | 18,810 | $42.7M | New |
| AXON Axon Enterprise Inc. | 0.17% | 76,122 | $42.7M | Add +22.6% |
| SCCO Southern Copper Corp. | 0.17% | 240,172 | $41.8M | Add +60.0% |
| QCOM Qualcomm Inc. | 0.16% | 225,271 | $41.6M | Add +17.0% |
| ORCL Oracle Corp. | 0.16% | 281,622 | $41.3M | Add +2.3% |
| GLW Corning Inc. | 0.16% | 159,465 | $40.7M | Add +14.3% |
| C Citigroup Inc. | 0.16% | 290,040 | $40.6M | Reduce -5.4% |
| WFC Wells Fargo & Co. | 0.16% | 490,589 | $40.5M | Reduce -8.3% |
| LIN Linde PLC | 0.16% | 76,502 | $39.7M | Reduce -1.8% |
| WDC Western Digital Corp. | 0.15% | 60,716 | $38.8M | New |
| RDDT Reddit Inc. Class A | 0.15% | 222,559 | $38.7M | Add +33.2% |
| ADI Analog Devices Inc. | 0.15% | 96,774 | $38.4M | Add +12.2% |
| ASND Ascendis Pharma A/S | 0.15% | 141,010 | $37.6M | New |
| ANET Arista Networks Inc. | 0.14% | 213,191 | $36.2M | Add +18.8% |
| AMGN Amgen Inc. | 0.14% | 96,817 | $35.1M | Add +1.9% |
| TMO Thermo Fisher Scientific Inc. | 0.13% | 66,873 | $33.5M | Add +1.6% |
| PEP Pepsico Inc. | 0.13% | 247,357 | $33.5M | Add +7.9% |
| MOD Modine Manufacturing Co. | 0.13% | 122,440 | $32.7M | New |
| IOT Samsara Inc. Class A | 0.13% | 998,506 | $32.4M | Add +12.1% |
Portfolio Sells Q1 2026 → Q2 2026
| VOO Vanguard S&P 500 ETF | Reduce -55.1% | 4.25% | −4.62 |
| IVV iShares Core S&P 500 ETF | Reduce -57.7% | 3.80% | −4.61 |
| HD Home Depot Inc. | Reduce -42.0% | 0.43% | −0.31 |
| CDNS Cadence Design SYS Inc. | Reduce -54.9% | 0.35% | −0.27 |
| MAR Marriott International Class A | Reduce -52.1% | 0.27% | −0.26 |
| MSFT Microsoft Corp. | Reduce -1.3% | 2.66% | −0.22 |
| CVX Chevron Corp. | Reduce -38.4% | 0.11% | −0.13 |
| PDD PDD Holdings Inc. | Reduce -16.7% | 0.17% | −0.13 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.10 |
| YUM Yum! Brands Inc. | Reduce -11.3% | 0.55% | −0.10 |
| HON Honeywell International Inc. | Reduce -50.8% | 0.02% | −0.08 |
| OTIS Otis Worldwide Corp. | Reduce -0.5% | 0.50% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -0.6% | 0.79% | −0.08 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -5.9% | 0.34% | −0.08 |
| WMT Walmart Inc. | Reduce -5.9% | 0.30% | −0.08 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.07 |
| COP Conocophillips | Reduce -40.4% | 0.05% | −0.06 |
| CPNG Coupang Inc. | Reduce -28.3% | 0.08% | −0.05 |
| TTE Totalenergies SE | Reduce -32.4% | 0.06% | −0.05 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.05 |
| MELI MercadoLibre Inc. | Reduce -11.7% | 0.20% | −0.05 |
| CNQ Canadian Natural Resources | Reduce -83.2% | 0.01% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -3.0% | 0.26% | −0.05 |
| EOG EOG Resources Inc. | Reduce -77.9% | 0.01% | −0.04 |
| ACN Accenture PLC Class A | Reduce -3.4% | 0.05% | −0.04 |
| GM General Motors Co. | Reduce -96.5% | 0.00% | −0.03 |
| MCD McDonald's Corp. | Reduce -3.3% | 0.12% | −0.03 |
| DB Deutsche Bank AG-Registered | Reduce -93.9% | 0.00% | −0.03 |
| LNG Cheniere Energy Inc. | Reduce -66.5% | 0.01% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -0.3% | 0.12% | −0.03 |
| KR Kroger Co. | Reduce -95.0% | 0.00% | −0.03 |
| HONA Honeywell Aerospace Inc. | Reduce -50.8% | 0.02% | −0.03 |
| PCAR Paccar Inc. | Reduce -84.3% | 0.01% | −0.03 |
| SU Suncor Energy Inc. | Reduce -67.8% | 0.01% | −0.03 |
| JCI Johnson Controls Internation | Reduce -94.1% | 0.00% | −0.03 |
| TRP TC Energy Corp. | Reduce -52.8% | 0.02% | −0.02 |
| CME Cme Group Inc. | Reduce -0.2% | 0.05% | −0.02 |
| AZN Astrazeneca PLC | Reduce -0.2% | 0.19% | −0.02 |
| CEG Constellation Energy | Reduce -30.0% | 0.03% | −0.02 |
| EXC Exelon Corp. | Reduce -58.7% | 0.01% | −0.02 |
| WAB Wabtec Corp. | Reduce -86.5% | 0.00% | −0.02 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -8.3% | 0.16% | −0.02 |
| DAL Delta Air Lines Inc. | Reduce -80.5% | 0.01% | −0.02 |
| ETR Entergy Corp. | Reduce -61.7% | 0.01% | −0.02 |
| NEM Newmont Corp. | Reduce -2.1% | 0.07% | −0.02 |
| TGT Target Corp. | Reduce -56.5% | 0.02% | −0.02 |
| MCK McKesson Corp. | Reduce -5.7% | 0.06% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -2.3% | 0.27% | −0.02 |
| HCA HCA Healthcare Inc. | Reduce -11.8% | 0.04% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| KLAC KLA Corp. | Add +15.1% | 1.87% | +1.02 |
| MU Micron Technology Inc. | Add +5.0% | 0.93% | +0.65 |
| ETN Eaton Corp. PLC | Add +596.4% | 0.74% | +0.64 |
| AMD Advanced Micro Devices | Add +10.6% | 0.67% | +0.44 |
| CSCO Cisco Systems Inc. | Add +78.2% | 0.57% | +0.34 |
| APH Amphenol Corp. Class A | Add +4.5% | 1.26% | +0.33 |
| AMZN Amazon.com Inc. | Add +5.1% | 3.16% | +0.33 |
| AMAT Applied Materials Inc. | Add +6.5% | 0.43% | +0.22 |
| LRCX Lam Research Corp. | Add +5.9% | 0.40% | +0.20 |
| ARGX Argenx SE - ADR | Add +376.8% | 0.21% | +0.17 |
| SNDK Sandisk Corp. | New | 0.17% | +0.17 |
| WST West Pharmaceutical Services | Add +542.2% | 0.17% | +0.15 |
| WDC Western Digital Corp. | New | 0.15% | +0.15 |
| PANW Palo Alto Networks Inc. | Add +32.2% | 0.24% | +0.15 |
| ASND Ascendis Pharma A/S | New | 0.15% | +0.15 |
| TSLA Tesla Inc. | Add +14.1% | 0.88% | +0.14 |
| MRVL Marvell Technology Inc. | Add +5.3% | 0.20% | +0.13 |
| MOD Modine Manufacturing Co. | New | 0.13% | +0.13 |
| RBC RBC Bearings Inc. | New | 0.13% | +0.13 |
| COHR Coherent Corp. | New | 0.12% | +0.12 |
| LSCC Lattice Semiconductor Corp. | New | 0.12% | +0.12 |
| SPOT Spotify Technology SA | Add +78.4% | 0.31% | +0.11 |
| WWD Woodward Inc. | New | 0.11% | +0.11 |
| SE Sea Ltd.-ADR | Add +76.3% | 0.24% | +0.11 |
| USFD US Foods Holding Corp. | New | 0.10% | +0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +36.0% | 0.17% | +0.10 |
| APG Api Group Corp. | New | 0.10% | +0.10 |
| STX Seagate Technology Holdings | Add +4.9% | 0.17% | +0.10 |
| COMP Compass Inc. Class A | New | 0.10% | +0.10 |
| TWST Twist Bioscience Corp. | New | 0.10% | +0.10 |
| TDY Teledyne Technologies Inc. | New | 0.10% | +0.10 |
| APP AppLovin Corp. Class A | Add +13.4% | 0.36% | +0.10 |
| ENTG Entegris Inc. | New | 0.09% | +0.09 |
| FWONK Liberty Media Corp. Class C | New | 0.09% | +0.09 |
| SPCX Space Exploration Techn Class A | New | 0.09% | +0.09 |
| V Visa Inc. Class A | Add +1.3% | 1.32% | +0.08 |
| LYV Live Nation Entertainment Inc. | Add +395.4% | 0.10% | +0.08 |
| INSM Insmed Inc. | New | 0.08% | +0.08 |
| GLW Corning Inc. | Add +14.3% | 0.16% | +0.08 |
| TXN Texas Instruments Inc. | Add +13.7% | 0.21% | +0.08 |
| CGNX Cognex Corp. | New | 0.08% | +0.08 |
| IR Ingersoll-Rand Inc. | Add +8159.1% | 0.08% | +0.08 |
| STM Stmicroelectronics NV-NY SHS | New | 0.08% | +0.08 |
| MPWR Monolithic Power Systems Inc. | Add +121.6% | 0.12% | +0.07 |
| VCYT Veracyte Inc. | New | 0.07% | +0.07 |
| ARM Arm Holdings PLC-ADR | Add +112.0% | 0.09% | +0.07 |
| CIEN Ciena Corp. | New | 0.07% | +0.07 |
| FIX Comfort Systems USA Inc. | New | 0.07% | +0.07 |
| DELL Dell Technologies -C | Add +7.3% | 0.10% | +0.06 |
| TER Teradyne Inc. | New | 0.06% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 617 | $25.4B | SPYM, VOO, IVV, NVDA, AMZN |
| Q1 2026 | 512 | $23.6B | SPYM, VOO, IVV, NVDA, MSFT |
| Q4 2025 | 508 | $20.1B | SPYM, MSFT, NVDA, AAPL, AMZN |
| Q3 2025 | 526 | $20.8B | SPYM, MSFT, NVDA, VOO, IVV |
| Q2 2025 | 523 | $15.9B | SPYM, MSFT, NVDA, AAPL, V |
| Q1 2025 | 533 | $13.2B | SPYM, MSFT, AAPL, NVDA, V |
| Q4 2024 | 554 | $13.8B | MSFT, AAPL, NVDA, V, AMZN |
| Q3 2024 | 535 | $13.6B | MSFT, AAPL, NVDA, V, HD |
| Q2 2024 | 551 | $12.5B | MSFT, AAPL, NVDA, V, HD |
| Q1 2024 | 542 | $12.1B | MSFT, AAPL, NVDA, V, HD |