General Pension Society PZU Joint Stock Co
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), General Pension Society PZU Joint Stock Co reported 17 stock positions worth $298.5 million. Its top holding was Freeport-McMoran (FCX) at 15.0% of the portfolio, followed by Southern Copper (SCCO, 11.8%) and Intel (INTC, 10.0%). Compared with Q4 2024, it opened 2 new positions, sold out of 3, added to 3 and reduced 5. The biggest buy was a new position in Boeing (BA) and the biggest sale an exit from Intra-Cellular Therapies (ITCI).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002057421
- Portfolio Value
- $298.5M (Q1 2025)
- SEC Filing
- 0002057421-25-000053 ↗ filed Apr 9, 2025
Holdings Value
Holdings 17 stocks · $298.5M
| FCX Freeport-McMoran Inc. | 15.01% | 1,183,904 | $44.8M | Add +26.1% |
| SCCO Southern Copper Corp. | 11.82% | 377,587 | $35.3M | Add +5.7% |
| INTC Intel Corp. | 9.96% | 1,309,000 | $29.7M | Add +45.6% |
| AMZN Amazon.com Inc. | 8.89% | 139,472 | $26.5M | Reduce -19.9% |
| FDX FedEx Corp. | 7.29% | 89,221 | $21.8M | No change |
| GOOG Alphabet Inc. Class C | 7.02% | 134,200 | $21.0M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 6.95% | 134,240 | $20.8M | Reduce -2.5% |
| BA The Boeing Co. | 6.43% | 112,500 | $19.2M | New |
| RTX RTX Corp. | 6.30% | 142,005 | $18.8M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 4.71% | 337,112 | $14.1M | Reduce -37.6% |
| MSFT Microsoft Corp. | 3.77% | 30,000 | $11.3M | No change |
| PYPL PayPal Holdings Inc. | 3.34% | 152,674 | $10.0M | No change |
| NKE Nike Inc. Class B | 2.41% | 113,330 | $7.2M | No change |
| HPQ HP Inc. | 2.40% | 259,200 | $7.2M | No change |
| NVDA Nvidia Corp. | 1.34% | 37,000 | $4.0M | New |
| GM General Motors Co. | 1.29% | 81,908 | $3.9M | Reduce -66.6% |
| HPE Hewlett Packard Enterprise | 1.06% | 205,500 | $3.2M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −4.18 |
| MS Morgan Stanley | Sold out | 0.00% | −3.00 |
| AMZN Amazon.com Inc. | Reduce -19.9% | 8.89% | −2.84 |
| GM General Motors Co. | Reduce -66.6% | 1.29% | −2.72 |
| BAC Bank of America Corp. | Reduce -37.6% | 4.71% | −2.57 |
| GOOGL Alphabet Inc. Class A | Reduce -2.5% | 6.95% | −1.05 |
| GOOG Alphabet Inc. Class C | Reduce -2.5% | 7.02% | −1.02 |
| AFMDQ Affimed NV | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 16 | $668.1M | FCX, AMZN, SCCO, VST, MSFT |
| Q1 2026Amended | 15 | $654.2M | FCX, AMZN, SCCO, INTC, VST |
| Q4 2025 | 14 | $494.7M | FCX, SCCO, INTC, GOOG, GOOGL |
| Q3 2025 | 15 | $413.5M | FCX, SCCO, INTC, GOOG, GOOGL |
| Q2 2025 | 16 | $359.6M | FCX, SCCO, INTC, GOOG, GOOGL |
| Q1 2025 | 17 | $298.5M | FCX, SCCO, INTC, AMZN, FDX |
| Q4 2024 | 18 | $325.9M | AMZN, FCX, SCCO, GOOG, GOOGL |
| Q3 2024 | 18 | $344.7M | AMZN, FCX, SCCO, FDX, BAC |
| Q2 2024 | 19 | $358.8M | AMZN, FCX, SCCO, GOOG, GOOGL |
| Q1 2024 | 19 | $357.0M | AMZN, SCCO, FCX, GOOG, GOOGL |