USS Investment Management portfolio
Pension or sovereign fundPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 11, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
USS Investment Management reported a $27.8 bn portfolio of 614 companies (617 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are SPYM, VOO, IVV.
Sections with a free account
What changed this quarter
544 positions with a change (128 new, 230 added to, 158 trimmed, 28 sold); also, 3 entered through an IPO, 2 entered through a spin-off. 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Vanguard S&P 500 ETF−55%fewer sharesReduced8.2% → 3.9%
- iShares Core S&P 500 ETF−58%fewer sharesReduced7.8% → 3.5%
- Tower Semiconductor−22%fewer sharesReduced2.2% → 2.4%
- Eaton+596%more sharesIncreased0.1% → 0.7%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- STE Str SPDR PT S&P 500 ETFSPYM21.0%
- Vanguard S&P 500 ETFVOO3.9%
- iShares Core S&P 500 ETFIVV3.5%
- NVIDIANVDA3.0%
- Amazon.comAMZN2.9%
- Enlight Renewable EnergyENLT2.6%
- NovaNVMI2.5%
- MicrosoftMSFT2.4%
- Tower SemiconductorTSEM2.4%
- AppleAAPL2.4%
- AlphabetGOOGL · GOOG2.2%
- KLAKLAC1.7%
- CamtekCAMT1.6%
- VisaV1.2%
- AmphenolAPH1.2%
Portfolio by sector
- ● No sector 28%
- ● Information Technology 28%
- ● Financials 8%
- ● Consumer Discretionary 8%
- ● Industrials 8%
- ● Health Care 6%
- ● Communication Services 4%
- ● Utilities 3%
- ● Consumer Staples 3%
- ● Materials 1%
- ● Real Estate 1%
- ● Energy 1%
13F filings with amendments or confidential positions
- 13F Q4 2025 ↗filed Feb 13, 2026Omitted positions (confidential)
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions; more than 20% is ETFs; it is a pension or sovereign fund; its 13F is the US slice of a global allocation. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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