USS Investment Management Ltd's Q1 2022 13F: 36 new positions, 18 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 13, 2022 · 716 reported positions · accession 0000919574-22-003171 · Amended
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | BLACKSTONE SECD LENDING FD (BXSL) | — | 2.8% | +2.8 pts | +12.07M sh | new |
| New | ICL GROUP LTD (ICL) | — | 1.9% | +1.9 pts | +192K sh | new |
| Reduced | TESLA INC (TSLA) | 1.4% | 0.7% | −0.7 pts | −93,238 sh | −53% |
| Reduced | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 0.8% | 0.5% | −0.3 pts | −186K sh | −53% |
| Reduced | EXXON MOBIL CORP (XOM) | 0.5% | 0.4% | −0.1 pts | −557K sh | −49% |
| Exited | BAIDU INC (BIDU) | 0.4% | — | −0.4 pts | −311K sh | −100% |
| New | ISHARES INC (EWM) | — | 0.3% | +0.3 pts | +1.67M sh | new |
| Reduced | CHEVRON CORP NEW (CVX) | 0.4% | 0.3% | −0.1 pts | −253K sh | −54% |
| Exited | JD.COM INC (JD) | 0.3% | — | −0.3 pts | −610K sh | −100% |
| Reduced | COSTCO WHSL CORP NEW (COST) | 0.5% | 0.2% | −0.2 pts | −58,286 sh | −55% |
| New | GOLD FIELDS LTD (GFI) | — | 0.3% | +0.3 pts | +2.11M sh | new |
| Exited | NETEASE INC (NTES) | 0.2% | — | −0.2 pts | −315K sh | −100% |
| New | VANGUARD WHITEHALL FDS (VWOB) | — | 0.2% | +0.2 pts | +358K sh | new |
| New | SAPIENS INTL CORP N V (SPNS) | — | 0.2% | +0.2 pts | +8,990 sh | new |
| Reduced | BEIGENE LTD (ONC) | 0.4% | 0.2% | −0.3 pts | −111K sh | −51% |
| Reduced | RAYTHEON TECHNOLOGIES CORP (RTX) | 0.3% | 0.2% | −0.1 pts | −200K sh | −40% |
| Exited | SEA LTD (SE) | 0.2% | — | −0.2 pts | −94,346 sh | −100% |
| Increased | AMAZON COM INC (AMZN) | 2.6% | 2.9% | +0.3 pts | +5,724 sh | +6% |
| Reduced | CEMEX SAB DE CV (CX) | 0.5% | 0.3% | −0.2 pts | −3.46M sh | −37% |
| Increased | MICROSOFT CORP (MSFT) | 5.1% | 5.2% | +0.1 pts | +59,180 sh | +3% |
| Reduced | CONOCOPHILLIPS (COP) | 0.2% | 0.1% | −0.1 pts | −178K sh | −55% |
| Reduced | HONEYWELL INTL INC (HON) | 0.3% | 0.2% | −0.1 pts | −91,517 sh | −43% |
| Reduced | INTERNATIONAL BUSINESS MACHS (IBM) | 0.3% | 0.2% | −0.1 pts | −116K sh | −38% |
| Increased | ADVANCED MICRO DEVICES INC (AMD) | 0.3% | 0.4% | +0.1 pts | +135K sh | +48% |
| Exited | PINDUODUO INC (PDD) | 0.1% | — | −0.1 pts | −257K sh | −100% |
| Increased | NIO INC (NIO) | 0.6% | 0.6% | −0.1 pts | +616K sh | +24% |
| Exited | XILINX INC (XLNX) | 0.1% | — | −0.1 pts | −64,069 sh | −100% |
| Reduced | ENBRIDGE INC (ENB) | 0.1% | 0.1% | −0.1 pts | −267K sh | −60% |
| Increased | S&P GLOBAL INC (SPGI) | 0.3% | 0.3% | +0.1 pts | +25,797 sh | +36% |
| Exited | IHS MARKIT LTD (INFO) | 0.1% | — | −0.1 pts | −83,208 sh | −100% |
| Reduced | CANADIAN NAT RES LTD (CNQ) | 0.1% | 0.1% | 0.0 pts | −155K sh | −60% |
| Reduced | TJX COS INC NEW (TJX) | 0.2% | 0.1% | −0.1 pts | −158K sh | −52% |
| Reduced | EOG RES INC (EOG) | 0.1% | 0.1% | 0.0 pts | −76,788 sh | −60% |
| Reduced | BROOKFIELD ASSET MGMT INC (BAMXXXX) | 0.1% | 0.1% | −0.1 pts | −157K sh | −50% |
| Reduced | NEWMONT CORP (NEM) | 0.1% | 0.1% | 0.0 pts | −105K sh | −54% |
| Increased | SNOWFLAKE INC (SNOW) | 0.0% | 0.1% | +0.1 pts | +36,052 sh | +644% |
| Reduced | PALO ALTO NETWORKS INC (PANW) | 0.1% | 0.0% | 0.0 pts | −12,796 sh | −60% |
| Reduced | EATON CORP PLC (ETN) | 0.1% | 0.1% | −0.1 pts | −52,383 sh | −46% |
| Reduced | GENERAL DYNAMICS CORP (GD) | 0.1% | 0.0% | 0.0 pts | −32,017 sh | −60% |
| Reduced | KLA CORP (KLAC) | 0.1% | 0.1% | −0.1 pts | −20,273 sh | −45% |
| Reduced | MARATHON PETE CORP (MPC) | 0.1% | 0.1% | 0.0 pts | −85,662 sh | −45% |
| Increased | XP INC (XP) | 0.1% | 0.2% | +0.1 pts | +241K sh | +37% |
| Reduced | DOLLAR GEN CORP NEW (DG) | 0.1% | 0.1% | −0.1 pts | −32,238 sh | −51% |
| Reduced | OCCIDENTAL PETE CORP (OXY) | 0.0% | 0.0% | 0.0 pts | −123K sh | −60% |
| Increased | AIRBNB INC (ABNB) | 0.0% | 0.1% | +0.1 pts | +40,044 sh | +300% |
| Increased | BCE INC (BCE) | 0.0% | 0.1% | +0.1 pts | +120K sh | +155% |
| Reduced | SUNCOR ENERGY INC NEW (SU) | 0.1% | 0.0% | 0.0 pts | −201K sh | −55% |
| Reduced | OREILLY AUTOMOTIVE INC (ORLY) | 0.1% | 0.0% | 0.0 pts | −9,359 sh | −60% |
| Reduced | FORTINET INC (FTNT) | 0.1% | 0.0% | 0.0 pts | −18,253 sh | −60% |
| Reduced | EPAM SYS INC (EPAM) | 0.4% | 0.1% | −0.3 pts | −20,967 sh | −27% |
The 50 largest of 728 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- APOLLO GLOBAL MGMT INC (APO): 03768E105 → 03769M106, 47,722 → 116K shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 26.2% of the equity book
Changes in the top 10 this quarter: BXSL entered · ICL entered · UNH entered · FERG left · META left · TSLA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | APPLE INC (AAPL) | 6.1% | 6.5% | |
| 2 | MICROSOFT CORP (MSFT) | 5.1% | 5.2% | |
| 3 | AMAZON COM INC (AMZN) | 2.6% | 2.9% | |
| 4 | BLACKSTONE SECD LENDING FD (BXSL) | 0.0% | 2.8% | Entered the top 10 |
| 5 | ICL GROUP LTD (ICL) | 0.0% | 1.9% | Entered the top 10 |
| 6 | ALPHABET INC (GOOGL) | 1.6% | 1.7% | |
| 7 | ALPHABET INC (GOOG) | 1.6% | 1.6% | |
| 8 | NVIDIA CORPORATION (NVDA) | 1.4% | 1.4% | |
| 9 | JOHNSON & JOHNSON (JNJ) | 1.1% | 1.2% | |
| 10 | UNITEDHEALTH GROUP INC (UNH) | 0.9% | 1.1% | Entered the top 10 |
| — | FERGUSON PLC NEW (FERG) | 4.6% | 0.1% | Left the top 10 |
| — | META PLATFORMS INC (META) | 1.5% | 1.0% | Left the top 10 |
| — | TESLA INC (TSLA) | 1.4% | 0.7% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).