# USS Investment Management Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1587381. Source: https://holderbook.com/funds/1587381-uss-investment-management-ltd/

- Reported value: $27.8B
- Positions: 617
- Weight of the ten largest: 46.4%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $5.8B | 66,398,232 | 21.0% | 6 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.1B | 1,569,585 | 3.9% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $962.7M | 1,283,922 | 3.5% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $837.0M | 4,189,694 | 3.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $800.4M | 3,359,885 | 2.9% | 7 |
| ENLIGHT RENEWABLE ENERGY LTD | [ENLT](https://holderbook.com/stocks/ENLT/) | $718.2M | 81,381 | 2.6% | 7 |
| NOVA LTD | [NVMI](https://holderbook.com/stocks/NVMI/) | $688.3M | 13,023 | 2.5% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $675.2M | 1,810,982 | 2.4% | 31 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $670.6M | 26,142 | 2.4% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $667.9M | 2,309,849 | 2.4% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $474.4M | 1,573,410 | 1.7% | 27 |
| CAMTEK LTD | [CAMT](https://holderbook.com/stocks/CAMT/) | $433.7M | 27,498 | 1.6% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $334.0M | 974,591 | 1.2% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $324.1M | 907,443 | 1.2% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $320.6M | 1,817,788 | 1.2% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $287.6M | 5,988,644 | 1.0% | 25 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $286.6M | 1,207,760 | 1.0% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $285.5M | 756,791 | 1.0% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $283.7M | 802,874 | 1.0% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $257.6M | 1,014,246 | 0.9% | 27 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $235.8M | 204,848 | 0.8% | 27 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $223.8M | 532,480 | 0.8% | 7 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $199.4M | 2,548,558 | 0.7% | 29 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $199.0M | 353,546 | 0.7% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $199.0M | 2,171,891 | 0.7% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $186.4M | 437,477 | 0.7% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $177.3M | 1,210,581 | 0.6% | 27 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $172.7M | 520,768 | 0.6% | 25 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $169.3M | 291,735 | 0.6% | 26 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $167.6M | 139,687 | 0.6% | 29 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $150.9M | 47,260 | 0.5% | 27 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $147.6M | 3,536,525 | 0.5% | 20 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $147.0M | 361,488 | 0.5% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $143.6M | 1,223,094 | 0.5% | 27 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $142.4M | 435,160 | 0.5% | 26 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $138.2M | 864,413 | 0.5% | 25 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $126.0M | 1,759,239 | 0.5% | 25 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $117.1M | 951,154 | 0.4% | 25 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $116.6M | 649,881 | 0.4% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $110.5M | 220,802 | 0.4% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $108.6M | 308,143 | 0.4% | 27 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $108.5M | 150,041 | 0.4% | 25 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $106.1M | 760,454 | 0.4% | 29 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $102.5M | 236,445 | 0.4% | 7 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $91.0M | 176,660 | 0.3% | 7 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $88.8M | 236,769 | 0.3% | 25 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $87.5M | 236,309 | 0.3% | 25 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $86.2M | 6,448,677 | 0.3% | 10 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $81.1M | 330,566 | 0.3% | 22 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $78.2M | 967,023 | 0.3% | 5 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $78.2M | 170,325 | 0.3% | 18 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $75.5M | 300,376 | 0.3% | 27 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $74.9M | 661,848 | 0.3% | 29 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $69.4M | 972,112 | 0.2% | 26 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $68.6M | 176,134 | 0.2% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $67.8M | 131,942 | 0.2% | 31 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $67.6M | 182,493 | 0.2% | 29 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $65.2M | 69,740 | 0.2% | 25 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $65.0M | 174,088 | 0.2% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $61.8M | 148,793 | 0.2% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $61.0M | 179,045 | 0.2% | 25 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $59.7M | 623,699 | 0.2% | 14 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $59.6M | 56,034 | 0.2% | 25 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $58.9M | 1,034,242 | 0.2% | 30 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $57.2M | 703,840 | 0.2% | 27 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $56.7M | 443,243 | 0.2% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $55.5M | 432,343 | 0.2% | 31 |
| GOLD FIELDS LTD | [GFI](https://holderbook.com/stocks/GFI/) | $54.8M | 1,631,161 | 0.2% | 18 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $54.3M | 136,578 | 0.2% | 25 |
| ARGENX SE | [ARGX](https://holderbook.com/stocks/ARGX/) | $53.8M | 57,903 | 0.2% | 16 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $52.5M | 176,208 | 0.2% | 28 |
| BANCO SANTANDER CHILE NEW | [BSAC](https://holderbook.com/stocks/BSAC/) | $51.4M | 1,561,544 | 0.2% | 5 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $51.3M | 172,407 | 0.2% | 21 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $50.7M | 29,868 | 0.2% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $50.0M | 49,477 | 0.2% | 25 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $49.9M | 436,547 | 0.2% | 25 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $48.1M | 171,018 | 0.2% | 26 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $47.7M | 255,043 | 0.2% | 2 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $46.4M | 224,774 | 0.2% | 25 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $44.3M | 581,284 | 0.2% | 17 |
| WEST PHARMACEUTICAL SVSC INC | [WST](https://holderbook.com/stocks/WST/) | $44.3M | 123,343 | 0.2% | 12 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $44.2M | 379,094 | 0.2% | 20 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $43.9M | 57,554 | 0.2% | 23 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $43.4M | 45,018 | 0.2% | 21 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $43.1M | 206,196 | 0.2% | 25 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $42.7M | 18,810 | 0.2% | 1 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $42.7M | 76,122 | 0.2% | 5 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $41.8M | 240,172 | 0.2% | 18 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $41.6M | 225,271 | 0.1% | 26 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $41.3M | 281,622 | 0.1% | 27 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $40.7M | 159,465 | 0.1% | 25 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $40.6M | 290,040 | 0.1% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $40.5M | 490,589 | 0.1% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $39.7M | 76,502 | 0.1% | 14 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $38.8M | 60,716 | 0.1% | 1 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $38.7M | 222,559 | 0.1% | 2 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $38.4M | 96,774 | 0.1% | 25 |
| ASCENDIS PHARMA A/S | [ASND](https://holderbook.com/stocks/ASND/) | $37.6M | 141,010 | 0.1% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $36.2M | 213,191 | 0.1% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $35.1M | 96,817 | 0.1% | 27 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.2% | +14.8% | -1.6% | 100% |
| Q1 2026 | -5.1% | -4.6% | -0.5% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.8% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +8.7% | +10.5% | -1.7% | 100% |
| Q1 2025 | -2.5% | -4.6% | +2.1% | 100% |
| Q4 2024 | -1.8% | +2.1% | -3.9% | 100% |
| Q3 2024 | +6.6% | +5.4% | +1.2% | 100% |

## Quarter by quarter

| Quarter | 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 |