USS Investment Management Ltd's Q1 2024 13F: 9 new positions, 19 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 542 reported positions · accession 0000919574-24-003133
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | COSTCO WHSL CORP NEW (COST) | 0.1% | 0.5% | +0.4 pts | +69,141 sh | +505% |
| Increased | AON PLC (AON) | 1.4% | 1.7% | +0.3 pts | +85,353 sh | +16% |
| Increased | ISHARES INC (EWT) | 0.2% | 0.4% | +0.2 pts | +577K sh | +126% |
| Reduced | YUM CHINA HLDGS INC (YUMC) | 0.3% | 0.0% | −0.3 pts | −658K sh | −89% |
| Reduced | ISHARES TR (MCHI) | 0.5% | 0.3% | −0.2 pts | −589K sh | −40% |
| Reduced | ICL GROUP LTD (ICL) | 1.0% | 0.7% | −0.2 pts | −41,952 sh | −19% |
| New | TENCENT MUSIC ENTMT GROUP (TME) | — | 0.2% | +0.2 pts | +1.74M sh | new |
| New | NU HLDGS LTD (NU) | — | 0.2% | +0.2 pts | +1.58M sh | new |
| Increased | FOMENTO ECONOMICO MEXICANO S (FMX) | 0.3% | 0.4% | +0.1 pts | +142K sh | +57% |
| Increased | VERISK ANALYTICS INC (VRSK) | 1.7% | 1.7% | 0.0 pts | +69,850 sh | +9% |
| Reduced | COLGATE PALMOLIVE CO (CL) | 1.5% | 1.5% | −0.1 pts | −176K sh | −8% |
| Reduced | PROCTER AND GAMBLE CO (PG) | 2.0% | 1.9% | −0.1 pts | −96,876 sh | −6% |
| Increased | ACCENTURE PLC IRELAND (ACN) | 2.1% | 2.0% | −0.1 pts | +44,692 sh | +7% |
| Reduced | PEPSICO INC (PEP) | 1.9% | 1.7% | −0.2 pts | −84,639 sh | −7% |
| New | OREILLY AUTOMOTIVE INC (ORLY) | — | 0.1% | +0.1 pts | +12,621 sh | new |
| Increased | BROADCOM INC (AVGO) | 0.8% | 1.0% | +0.2 pts | +9,049 sh | +11% |
| Increased | CRH PLC (CRH) | 0.0% | 0.1% | +0.1 pts | +118K sh | +260% |
| Increased | FERGUSON PLC NEW (FERG) | 1.8% | 1.9% | +0.2 pts | +45,222 sh | +4% |
| Reduced | CATERPILLAR INC (CAT) | 0.3% | 0.2% | 0.0 pts | −25,909 sh | −24% |
| Reduced | CARRIER GLOBAL CORPORATION (CARR) | 0.1% | 0.0% | −0.1 pts | −151K sh | −70% |
| Reduced | GENERAL ELECTRIC CO (GE) | 0.2% | 0.2% | 0.0 pts | −45,744 sh | −26% |
| Increased | GE HEALTHCARE TECHNOLOGIES I (GEHC) | 0.0% | 0.1% | +0.1 pts | +86,982 sh | +592% |
| New | COINBASE GLOBAL INC (COIN) | — | 0.1% | +0.1 pts | +28,789 sh | new |
| Increased | APPLE INC (AAPL) | 4.7% | 3.9% | −0.8 pts | +42,674 sh | +2% |
| Reduced | XYLEM INC (XYL) | 0.1% | 0.0% | 0.0 pts | −46,862 sh | −86% |
| Exited | COOPER COS INC (COO) | 0.0% | — | 0.0 pts | −14,591 sh | −100% |
| Reduced | PACCAR INC (PCAR) | 0.1% | 0.0% | 0.0 pts | −47,499 sh | −53% |
| Reduced | COTERRA ENERGY INC (CTRA) | 0.1% | 0.0% | 0.0 pts | −187K sh | −62% |
| Reduced | STELLANTIS N.V (STLA) | 0.1% | 0.1% | 0.0 pts | −182K sh | −30% |
| Exited | SPLUNK INC (SPLK) | 0.0% | — | 0.0 pts | −30,983 sh | −100% |
| Increased | MICROSOFT CORP (MSFT) | 6.1% | 6.3% | +0.2 pts | +11,909 sh | +1% |
| New | ARES MANAGEMENT CORPORATION (ARES) | — | 0.0% | 0.0 pts | +35,466 sh | new |
| Reduced | JOHNSON CTLS INTL PLC (JCI) | 0.1% | 0.0% | 0.0 pts | −72,051 sh | −45% |
| Exited | TELEFLEX INCORPORATED (TFX) | 0.0% | — | 0.0 pts | −16,876 sh | −100% |
| Reduced | ARCHER DANIELS MIDLAND CO (ADM) | 0.1% | 0.0% | −0.1 pts | −70,091 sh | −51% |
| Exited | ETSY INC (ETSY) | 0.0% | — | 0.0 pts | −47,971 sh | −100% |
| Reduced | CHENIERE ENERGY INC (LNG) | 0.1% | 0.0% | 0.0 pts | −25,654 sh | −44% |
| Increased | PDD HOLDINGS INC (PDD) | 0.6% | 0.5% | −0.1 pts | +35,321 sh | +8% |
| New | ICON PLC (ICLR) | — | 0.0% | 0.0 pts | +12,112 sh | new |
| Reduced | NUCOR CORP (NUE) | 0.1% | 0.1% | 0.0 pts | −20,534 sh | −36% |
| Exited | FLEETCOR TECHNOLOGIES INC (FLT) | 0.0% | — | 0.0 pts | −13,147 sh | −100% |
| Exited | CATALENT INC (CTLT) | 0.0% | — | 0.0 pts | −78,278 sh | −100% |
| Increased | DOORDASH INC (DASH) | 0.0% | 0.1% | 0.0 pts | +25,780 sh | +49% |
| Reduced | CBRE GROUP INC (CBRE) | 0.0% | 0.0% | 0.0 pts | −36,099 sh | −76% |
| Increased | NVIDIA CORPORATION (NVDA) | 1.9% | 3.2% | +1.3 pts | +3,833 sh | +1% |
| Reduced | PUBLIC SVC ENTERPRISE GRP IN (PEG) | 0.1% | 0.0% | 0.0 pts | −51,745 sh | −37% |
| Reduced | PPL CORP (PPL) | 0.0% | 0.0% | 0.0 pts | −125K sh | −71% |
| Reduced | DOW INC (DOW) | 0.1% | 0.0% | 0.0 pts | −56,654 sh | −49% |
| Exited | VERALTO CORP (VLTO) | 0.0% | — | 0.0 pts | −36,238 sh | −100% |
| Reduced | EASTMAN CHEM CO (EMN) | 0.0% | 0.0% | 0.0 pts | −31,476 sh | −59% |
The 50 largest of 499 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:
- FIRSTSERVICE CORP NEW (FSV): 33767E202 → 33767E902, 14,754 → 20,040 shares (share count changed with the identifier; not shown as a trade)
- QUANTA SVCS INC (PWR): 74762E102 → 74762E902, 39,332 → 27,607 shares (share count changed with the identifier; not shown as a trade)
- TRAVELERS COMPANIES INC (TRV): 89417E109 → 89417E909, 44,578 → 41,161 shares (share count changed with the identifier; not shown as a trade)
- EDWARDS LIFESCIENCES CORP (EW): 28176E108 → 28176E908, 119K → 135K shares (share count changed with the identifier; not shown as a trade)
- VALE S A (VALE): 91912E105 → 91912E905, 2.02M → 2.02M shares
Top 10 positions — 27.7% of the equity book
Changes in the top 10 this quarter: FERG entered · MAR entered · UNH left · SPGI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | MICROSOFT CORP (MSFT) | 6.1% | 6.3% | |
| 2 | APPLE INC (AAPL) | 4.7% | 3.9% | |
| 3 | NVIDIA CORPORATION (NVDA) | 1.9% | 3.2% | |
| 4 | VISA INC (V) | 2.4% | 2.3% | |
| 5 | HOME DEPOT INC (HD) | 2.2% | 2.2% | |
| 6 | ACCENTURE PLC IRELAND (ACN) | 2.1% | 2.0% | |
| 7 | JOHNSON & JOHNSON (JNJ) | 2.2% | 2.0% | |
| 8 | FERGUSON PLC NEW (FERG) | 1.8% | 1.9% | Entered the top 10 |
| 9 | MARRIOTT INTL INC NEW (MAR) | 1.9% | 1.9% | Entered the top 10 |
| 10 | PROCTER AND GAMBLE CO (PG) | 2.0% | 1.9% | |
| — | UNITEDHEALTH GROUP INC (UNH) | 2.1% | 1.8% | Left the top 10 |
| — | S&P GLOBAL INC (SPGI) | 1.9% | 1.7% | 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).