USS Investment Management Ltd's Q1 2026 13F: 14 new positions, 11 exits
Form 13F-HR for the quarter ended Mar 31, 2026 · filed Apr 24, 2026 · 512 reported positions · accession 0000919574-26-002394
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | VANGUARD INDEX FDS (VOO) | 1.2% | 8.2% | +7.0 pts | +3.09M sh | +760% |
| Increased | ISHARES TR (IVV) | 1.2% | 7.8% | +6.6 pts | +2.66M sh | +711% |
| Increased | KLA CORP (KLAC) | 0.1% | 0.8% | +0.7 pts | +113K sh | +476% |
| Increased | AMAZON COM INC (AMZN) | 2.8% | 2.6% | −0.2 pts | +543K sh | +20% |
| Reduced | ISHARES INC (EWY) | 0.3% | 0.0% | −0.3 pts | −681K sh | −92% |
| Increased | NVIDIA CORPORATION (NVDA) | 3.2% | 2.9% | −0.4 pts | +480K sh | +13% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 0.7% | 0.2% | −0.5 pts | −301K sh | −67% |
| Increased | FERRARI N V (RACE) | 0.0% | 0.3% | +0.3 pts | +206K sh | +902% |
| Increased | AUTOZONE INC (AZO) | 0.5% | 0.6% | +0.2 pts | +18,257 sh | +64% |
| Reduced | S&P GLOBAL INC (SPGI) | 1.2% | 0.6% | −0.6 pts | −143K sh | −29% |
| Increased | ROLLINS INC (ROL) | 0.6% | 0.7% | +0.1 pts | +1.12M sh | +56% |
| Reduced | AON PLC (AON) | 1.1% | 0.6% | −0.5 pts | −179K sh | −26% |
| Reduced | MARRIOTT INTL INC NEW (MAR) | 0.8% | 0.5% | −0.3 pts | −167K sh | −31% |
| Increased | CLOUDFLARE INC (NET) | 0.0% | 0.2% | +0.2 pts | +243K sh | +452% |
| New | ASTRAZENECA PLC (AZN) | — | 0.2% | +0.2 pts | +255K sh | new |
| Reduced | JOHNSON & JOHNSON (JNJ) | 1.1% | 0.9% | −0.2 pts | −192K sh | −16% |
| Reduced | ISHARES TR (INDA) | 0.3% | 0.1% | −0.3 pts | −979K sh | −75% |
| Increased | APPLOVIN CORP (APP) | 0.1% | 0.2% | +0.1 pts | +114K sh | +270% |
| Increased | NU HLDGS LTD (NU) | 0.3% | 0.4% | +0.1 pts | +3.14M sh | +85% |
| Increased | INTERCONTINENTAL EXCHANGE IN (ICE) | 0.5% | 0.6% | +0.1 pts | +257K sh | +37% |
| Increased | TOWER SEMICONDUCTOR LTD (TSEM) | 1.7% | 2.2% | +0.5 pts | +2,167 sh | +7% |
| Increased | SPOTIFY TECHNOLOGY S A (SPOT) | 0.1% | 0.2% | +0.1 pts | +69,647 sh | +270% |
| Increased | PDD HOLDINGS INC (PDD) | 0.2% | 0.3% | +0.1 pts | +323K sh | +86% |
| Increased | AMPHENOL CORP (APH) | 0.9% | 0.9% | −0.1 pts | +249K sh | +17% |
| Increased | MERCADOLIBRE INC (MELI) | 0.1% | 0.2% | +0.1 pts | +18,188 sh | +116% |
| Reduced | ANGLOGOLD ASHANTI PLC (AU) | 0.4% | 0.3% | −0.1 pts | −291K sh | −31% |
| Increased | INTUITIVE SURGICAL INC (ISRG) | 0.2% | 0.2% | +0.1 pts | +61,465 sh | +100% |
| New | SAMSARA INC (IOT) | — | 0.1% | +0.1 pts | +891K sh | new |
| New | ROCKET LAB CORP (RKLB) | — | 0.1% | +0.1 pts | +431K sh | new |
| Increased | COUPANG INC (CPNG) | 0.0% | 0.1% | +0.1 pts | +1.45M sh | +650% |
| Reduced | GOLD FIELDS LTD (GFI) | 0.4% | 0.2% | −0.2 pts | −601K sh | −33% |
| Reduced | VERISK ANALYTICS INC (VRSK) | 0.8% | 0.5% | −0.3 pts | −138K sh | −18% |
| Reduced | SOUTHERN COPPER CORP (SCCO) | 0.2% | 0.1% | −0.1 pts | −152K sh | −50% |
| Increased | SHOPIFY INC (SHOP) | 0.1% | 0.2% | 0.0 pts | +211K sh | +110% |
| New | ISHARES TR (MCHI) | — | 0.1% | +0.1 pts | +437K sh | new |
| New | REDDIT INC (RDDT) | — | 0.1% | +0.1 pts | +167K sh | new |
| Reduced | MICROSOFT CORP (MSFT) | 4.3% | 2.7% | −1.6 pts | −59,639 sh | −3% |
| Increased | NOVA LTD (NVMI) | 1.8% | 2.0% | +0.2 pts | +499 sh | +4% |
| Increased | NETFLIX INC. (NFLX) | 0.3% | 0.3% | 0.0 pts | +214K sh | +32% |
| Increased | AXON ENTERPRISE INC (AXON) | 0.0% | 0.1% | +0.1 pts | +48,147 sh | +346% |
| Reduced | HOME DEPOT INC (HD) | 0.9% | 0.7% | −0.3 pts | −62,110 sh | −10% |
| Increased | ENLIGHT RENEWABLE ENERGY LTD (ENLT) | 1.8% | 2.3% | +0.5 pts | +2,981 sh | +4% |
| Increased | DEXCOM INC (DXCM) | 0.0% | 0.1% | +0.1 pts | +307K sh | +343% |
| Increased | ROBLOX CORP (RBLX) | 0.0% | 0.1% | +0.1 pts | +337K sh | +330% |
| Increased | CAMTEK LTD (CAMT) | 1.2% | 1.4% | +0.2 pts | +1,248 sh | +5% |
| Increased | FOMENTO ECONOMICO MEXICANO S (FMX) | 0.1% | 0.2% | +0.1 pts | +143K sh | +45% |
| Increased | PROCTER & GAMBLE CO (PG) | 0.7% | 0.7% | 0.0 pts | +109K sh | +10% |
| Increased | APPLE INC (AAPL) | 2.9% | 2.4% | −0.6 pts | +61,649 sh | +3% |
| Increased | CREDICORP LTD (BAP) | 0.1% | 0.2% | +0.1 pts | +46,014 sh | +42% |
| Increased | MEDTRONIC PLC (MDT) | 1.0% | 0.8% | −0.2 pts | +175K sh | +8% |
The 50 largest of 416 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
Top 10 positions — 52.8% of the equity book
Changes in the top 10 this quarter: VOO entered · IVV entered · V left · GOOGL left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR SERIES TRUST (SPYM) | 24.8% | 19.9% | |
| 2 | VANGUARD INDEX FDS (VOO) | 1.2% | 8.2% | Entered the top 10 |
| 3 | ISHARES TR (IVV) | 1.2% | 7.8% | Entered the top 10 |
| 4 | NVIDIA CORPORATION (NVDA) | 3.2% | 2.9% | |
| 5 | MICROSOFT CORP (MSFT) | 4.3% | 2.7% | |
| 6 | AMAZON COM INC (AMZN) | 2.8% | 2.6% | |
| 7 | APPLE INC (AAPL) | 2.9% | 2.4% | |
| 8 | ENLIGHT RENEWABLE ENERGY LTD (ENLT) | 1.8% | 2.3% | |
| 9 | TOWER SEMICONDUCTOR LTD (TSEM) | 1.7% | 2.2% | |
| 10 | NOVA LTD (NVMI) | 1.8% | 2.0% | |
| — | VISA INC (V) | 1.5% | 1.1% | Left the top 10 |
| — | ALPHABET INC (GOOGL) | 1.3% | 1.0% | 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).