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Uss Investment Management LTD

CIK:0001587381
Pension Fund
$77B AUM
523 holdings
Liverpool, United Kingdom
Founded:1997
242 employees
Latest filing:Jun 30, 2025

USS Investment Management Ltd is a UK-based fund management company founded in 1997, headquartered in Liverpool. As the investment arm of the Universities Superannuation Scheme (USS), it manages one of the largest pension funds in the country, primarily serving employees of higher education institutions. The firm manages fund investments, implements risk management, and oversees a diverse, multi-asset portfolio, supporting more than 500,000 pension scheme members and hundreds of employers in the higher education sector. As of 2024, USS Investment Management Ltd employed approximately 242 staff.

Investment Strategy

USS Investment Management Ltd applies a global, multi-asset investment approach dedicated to pension fund management. It allocates capital across equities, fixed income, private markets, and alternatives with a strong focus on diversification and risk control to not only meet current obligations but to ensure sustainable, long-term pension delivery. The investment philosophy is anchored in responsible investing, aiming for net zero emission targets, and directing significant capital toward UK investments and renewable energy. Their hybrid structure combines defined benefit and defined contribution schemes to give members both security and flexibility.

Top Buys
S
SPLGSPDR SERIES TRUST
+$1.63B
M
MSFTMICROSOFT CORP
+$228.2M
N
NVDANVIDIA CORPORATION
+$191.6M
C
CAMTCAMTEK LTD
+$145.7M
N
NVMINOVA LTD
+$133.7M
Top Sells
U
UNHUNITEDHEALTH GROUP INC
-$95.0M
O
OTISOTIS WORLDWIDE CORP
-$53.5M
Y
YUMYUM BRANDS INC
-$43.1M
A
AAPLAPPLE INC
-$39.0M
A
AONAON PLC
-$26.8M

Top Holdings

S
SPLGSPDR SERIES TRUST
+17.9%$3.02B
M
MSFTMICROSOFT CORP
+5.4%$913.2M
N
NVDANVIDIA CORPORATION
+3.6%$601.3M
A
AAPLAPPLE INC
+2.8%$479.7M
V
VVISA INC
+2.1%$356.4M

Equity Positions (521)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
S
SPLG
SPDR SERIES TRUST17.91%$3.02B41,572,102$69.16$72.69+$1.63B
M
MSFT
MICROSOFT CORP5.41%$913.2M1,836,641$182.17$497.41+$228.2M
N
NVDA
NVIDIA CORPORATION3.56%$601.3M3,808,921$11.44$157.99+$191.6M
A
AAPL
APPLE INC2.84%$479.7M2,339,220$60.89$205.17-$39.0M
V
V
VISA INC2.11%$356.4M1,004,407$235.94$355.05-$13.6M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+9.0%
SEMICONDUCTORS & RELATED DEVICES
+6.9%
SERVICES-BUSINESS SERVICES, NEC
+5.1%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+4.5%
OPTICAL INSTRUMENTS & LENSES
+3.7%