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UIM

USS Investment Management Portfolio holdings

AUM $25.6B
1-Year Est. Return 30.22%
This Fund
S&P 500
This Quarter Est. Return
+4.39%
1 Year Est. Return
+30.22%
3 Year Est. Return
+85.33%
5 Year Est. Return
+111.9%
10 Year Est. Return
+432.34%
AUM
$21.5B
AUM Growth
-$475M
Cap. Flow
-$984M
Cap. Flow %
-4.57%
Top 10 Hldgs %
46.18%
Holding
534
New
8
Increased
248
Reduced
77
Closed
26

Top Buys

Rank Stock Value
1
AZO icon
AutoZone
AZO
+$96.1M
2
INDA icon
iShares MSCI India ETF
INDA
+$70.6M
3
SCCO icon
Southern Copper
SCCO
+$36.6M
4
CL icon
Colgate-Palmolive
CL
+$35.6M
5
ROL icon
Rollins
ROL
+$34.3M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$426M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$424M
3
QQQM icon
Invesco NASDAQ 100 ETF
QQQM
+$377M
4
ICLR icon
Icon
ICLR
+$99M
5
VRSK icon
Verisk Analytics
VRSK
+$29.8M

Sector Composition

Rank Sector Weight
1 Technology 23.51%
2 Financials 10.93%
3 Consumer Discretionary 9.56%
4 Healthcare 6.77%
5 Industrials 6.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPYM
1
State Street SPDR Portfolio S&P 500 ETF
SPYM
$157B
$5.33B 24.76%
66,398,232
– –
MSFT icon
2
Microsoft
MSFT
$2.9T
$916M 4.26%
1,894,159
+56,413
+3% +$28.3M
NVDA icon
3
NVIDIA
NVDA
$4.6T
$699M 3.25%
3,749,015
-51,241
-1% -$9.54M
AAPL icon
4
Apple
AAPL
$4.97T
$631M 2.93%
2,321,435
-17,479
-0.7% -$4.69M
AMZN icon
5
Amazon
AMZN
$2.44T
$613M 2.85%
2,653,896
+9,642
+0.4% +$2.21M
ENLT icon
6
Enlight Renewable Energy
ENLT
$11.3B
$387M 1.8%
85,103
-2,654
-3% -$99.2K
NVMI
7
Nova
NVMI
$11.7B
$382M 1.77%
11,411
-636
-5% -$204K
TSEM icon
8
Tower Semiconductor
TSEM
$21.2B
$368M 1.71%
31,417
-554
-2% -$53.4K
V icon
9
Visa
V
$677B
$330M 1.53%
940,443
-199
-0% -$67.8K
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.12T
$284M 1.32%
908,774
-10,558
-1% -$3.02M
FERG icon
11
Ferguson
FERG
$43.9B
$265M 1.23%
1,192,059
– –
AVGO icon
12
Broadcom
AVGO
$1.76T
$257M 1.19%
742,472
-204
-0% -$73K
SPGI icon
13
S&P Global
SPGI
$124B
$257M 1.19%
491,022
+83
+0% +$41.1K
IVV icon
14
iShares Core S&P 500 ETF
IVV
$858B
$256M 1.19%
373,967
-624,548
-63% -$424M
VOO icon
15
Vanguard S&P 500 ETF
VOO
$956B
$255M 1.18%
406,404
-685,763
-63% -$426M
GOOG icon
16
Alphabet (Google) Class C
GOOG
$4.11T
$254M 1.18%
808,059
-23,325
-3% -$6.68M
CAMT icon
17
Camtek
CAMT
$5.92B
$251M 1.16%
23,309
-6,875
-23% -$772K
JNJ icon
18
Johnson & Johnson
JNJ
$640B
$245M 1.14%
1,184,280
+5,670
+0.5% +$1.12M
AON icon
19
Aon
AON
$80.6B
$241M 1.12%
681,743
+40,969
+6% +$14.3M
FAST icon
20
Fastenal
FAST
$54.8B
$239M 1.11%
5,946,990
+342,116
+6% +$14.4M
META icon
21
Meta Platforms (Facebook)
META
$1.49T
$230M 1.07%
348,756
-37
-0% -$24.7K
MDT icon
22
Medtronic
MDT
$112B
$219M 1.02%
2,275,873
+151,461
+7% +$14.7M
TSLA icon
23
Tesla
TSLA
$1.18T
$207M 0.96%
459,625
+14,190
+3% +$6.29M
HD icon
24
Home Depot
HD
$337B
$204M 0.95%
593,427
– –
APH icon
25
Amphenol
APH
$185B
$201M 0.94%
1,490,401
+62,536
+4% +$8.36M
1
2 3 4 5

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USS Investment Management's Q4 2025 Portfolio in Review

As of Q4 2025, USS Investment Management held 534 positions worth $21.5B, down 2.2% from $22B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

USS Investment Management withdrew a net $984M in Q4 2025, closing 26 positions and reducing 77 holdings. Its most notable exit was Invesco NASDAQ 100 ETF, an estimated $377M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, USS Investment Management opened a new position in iShares MSCI India ETF worth $70.8M.

  • USS Investment Management's largest Q4 2025 buy was iShares MSCI India ETF: 1,310,424 shares worth $70.8M.
  • USS Investment Management added most to AutoZone in Q4 2025, an estimated $96.1M increase.
  • USS Investment Management's biggest Q4 2025 reduction was Vanguard S&P 500 ETF, cutting an estimated $426M.
  • USS Investment Management fully exited Invesco NASDAQ 100 ETF in Q4 2025, selling an estimated $377M.
  • USS Investment Management's ten largest holdings make up 46% of its $21.5B portfolio in Q4 2025.
  • USS Investment Management opened 8 new positions and closed 26 in Q4 2025.
  • USS Investment Management's portfolio value fell 2.2% quarter-over-quarter to $21.5B.

Based on USS Investment Management's 13F filing for Q4 2025, filed 13 Feb 2026.