13F Insight
DOSSIER · 13F-HR · Q2 2026

USS Investment Management Ltd

$27.8B in tracked AUM across 617 positions as of Q2 2026.

UI
CIK 0001587381 · last filed Jun 30, 2026
Total AUM
$27.8B
as of Q2 2026
Holdings
617
—
positions
Whale Score
68
68
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

1. Portfolio Overview

USS Investment Management Ltd reported a significant expansion in assets under management, with the total portfolio value growing by 30.3%, rising from $16.88B to $21.99B quarter-over-quarter. This substantial increase suggests a combination of strong market performance on existing holdings and net capital inflows. The portfolio is highly diversified, comprising 526 total holdings, yet it maintains a distinct structure characterized by a large core "anc...

The strategy appears to be a hybrid approach: utilizing a massive core-satellite framework where a significant portion of assets are deployed in broad market ETFs for beta exposure, while the remainder is actively managed through selective stock picking. The turnover for the quarter was selective, with 7 new positions, 7 complete exits, and a focus on increasing exposure to core holdings rather than rapid trading.

2. Key Holdings

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
SPYM
SPDR SERIES TRUST
$5.8B66.4M21.0%02
VOO
VANGUARD INDEX FDS
$1.1B1.6M3.9%03
IVV
ISHARES TR
$963M1.3M3.5%04
NVDA
NVIDIA CORPORATION
$837M4.2M3.0%05
AMZN
AMAZON COM INC
$800M3.4M2.9%06
M4056D110
ENLIGHT RENEWABLE ENERGY LTD
$718M81K2.6%07
M7516K103
NOVA LTD
$688M13K2.5%08
MSFT
MICROSOFT CORP
$675M1.8M2.4%09
M87915274
TOWER SEMICONDUCTOR LTD
$671M26K2.4%10
AAPL
APPLE INC
$668M2.3M2.4%

Filing history

2026Q2Jun 30
$27.8B▲ 8.9%
617 positionsView →2026Q1Mar 31
$25.6B▲ 18.8%
512 positionsView →2025Q4Dec 31
$21.5B▼ 2.2%
508 positionsView →2025Q3Sep 30
$22.0B▲ 30.3%
526 positionsView →2025Q2Jun 30
$16.9B▲ 23.3%
523 positionsLocked2025Q1Mar 31
$13.7B▼ 4.5%
533 positionsLocked2024Q4Dec 31
$14.3B▲ 4.4%
554 positionsLocked2024Q3Sep 30
$13.7B▲ 9.2%
535 positionsLocked2024Q2Jun 30
$12.6B▲ 2.8%
551 positionsLocked2024Q1Mar 31
$12.2B▲ 8.8%
542 positionsLocked2023Q4Dec 31
$11.2B▲ 21.6%
552 positionsLocked2023Q3Sep 30
$9.2B▲ 9.0%
577 positionsLocked
Showing 12 of 53