General Pension Society PZU Joint Stock Co

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), General Pension Society PZU Joint Stock Co reported 14 stock positions worth $494.7 million. Its top holding was Freeport-McMoran (FCX) at 22.5% of the portfolio, followed by Southern Copper (SCCO, 11.3%) and Intel (INTC, 9.9%). Compared with Q3 2025, it sold out of 1, added to 4 and reduced 3. The biggest buy was Freeport-McMoran (FCX, shares +12%) and the biggest sale an exit from Hewlett Packard Enterprise (HPE).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002057421
Portfolio Value
$494.7M (Q4 2025)
SEC Filing
0002057421-26-000002 ↗ filed Feb 9, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $357.0M Q1 2024 Q2 2024: $358.8M Q2 2024 Q3 2024: $344.7M Q3 2024 Q4 2024: $325.9M Q4 2024 Q1 2025: $298.5M Q1 2025 Q2 2025: $359.6M Q2 2025 Q3 2025: $413.5M Q3 2025 Q4 2025: $494.7M $494.7M Q4 2025 Q1 2026: $654.2M Q1 2026 Q2 2026: $668.1M Q2 2026

Holdings 14 stocks · $494.7M
FCX Freeport-McMoran Inc. 22.47% 2,188,791 $111.2M Add +11.8%
SCCO Southern Copper Corp. 11.30% 389,602 $55.9M Reduce -0.9%
INTC Intel Corp. 9.92% 1,330,000 $49.1M No change
GOOG Alphabet Inc. Class C 8.00% 126,200 $39.6M Reduce -9.3%
GOOGL Alphabet Inc. Class A 7.99% 126,240 $39.5M Reduce -9.3%
AMZN Amazon.com Inc. 7.47% 160,172 $37.0M Add +23.2%
MSFT Microsoft Corp. 7.25% 74,200 $35.9M Add +52.4%
FDX FedEx Corp. 6.67% 114,221 $33.0M No change
BA The Boeing Co. 5.45% 124,090 $26.9M Add +3.0%
RTX RTX Corp. 5.26% 142,005 $26.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.84% 435,112 $23.9M No change
NKE Nike Inc. Class B 1.46% 113,330 $7.2M No change
HPQ HP Inc. 1.17% 259,200 $5.8M No change
NVDA Nvidia Corp. 0.75% 20,000 $3.7M No change

Portfolio Sells Q3 2025 → Q4 2025
HPE Hewlett Packard Enterprise Sold out 0.00% −1.22
SCCO Southern Copper Corp. Reduce -0.9% 11.30% −0.24
GOOGL Alphabet Inc. Class A Reduce -9.3% 7.99% −0.20
GOOG Alphabet Inc. Class C Reduce -9.3% 8.00% −0.19

Portfolio Buys Q3 2025 → Q4 2025
FCX Freeport-McMoran Inc. Add +11.8% 22.47% +3.91
MSFT Microsoft Corp. Add +52.4% 7.25% +1.15
AMZN Amazon.com Inc. Add +23.2% 7.47% +0.57
BA The Boeing Co. Add +3.0% 5.45% −0.84

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 16$668.1MFCX, AMZN, SCCO, VST, MSFT
Q1 2026Amended 15$654.2MFCX, AMZN, SCCO, INTC, VST
Q4 2025 14$494.7MFCX, SCCO, INTC, GOOG, GOOGL
Q3 2025 15$413.5MFCX, SCCO, INTC, GOOG, GOOGL
Q2 2025 16$359.6MFCX, SCCO, INTC, GOOG, GOOGL
Q1 2025 17$298.5MFCX, SCCO, INTC, AMZN, FDX
Q4 2024 18$325.9MAMZN, FCX, SCCO, GOOG, GOOGL
Q3 2024 18$344.7MAMZN, FCX, SCCO, FDX, BAC
Q2 2024 19$358.8MAMZN, FCX, SCCO, GOOG, GOOGL
Q1 2024 19$357.0MAMZN, SCCO, FCX, GOOG, GOOGL