Generali Asset Management SPA SGR
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Generali Asset Management SPA SGR reported 526 stock positions worth $5.5 billion. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Microsoft (MSFT, 4.1%) and Alphabet Class A (GOOGL, 3.3%). Compared with Q1 2026, it opened 55 new positions, sold out of 15, added to 205 and reduced 229. The biggest buy was Advanced Micro Devices (AMD, shares +1%) and the biggest sale Astrazeneca (AZN, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- TRIESTE, L6
- CIK
- 0002046751
- Portfolio Value
- $5.5B (Q2 2026)
- SEC Filing
- 0001123292-26-001028 ↗ filed Jul 30, 2026
Holdings Value
Holdings 526 stocks · $5.5B
| NVDA Nvidia Corp. | 7.51% | 2,075,742 | $415.3M | Add +0.7% |
| MSFT Microsoft Corp. | 4.12% | 610,529 | $227.7M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 3.26% | 504,039 | $180.1M | Add +1.4% |
| AAPL Apple Inc. | 2.99% | 571,445 | $165.4M | Reduce -2.1% |
| GOOG Alphabet Inc. Class C | 2.72% | 426,403 | $150.7M | Reduce -0.9% |
| ARCC Ares Capital Corp. | 2.53% | 7,547,995 | $139.9M | No change |
| MDY State Street SPDR S&P Midcap | 2.10% | 164,778 | $115.9M | Add +3.6% |
| AZN Astrazeneca PLC | 2.05% | 804,933 | $113.5M | Reduce -15.7% |
| UBS UBS Group AG-Reg | 1.80% | 2,491,590 | $99.8M | Reduce -6.1% |
| TSLA Tesla Inc. | 1.79% | 235,225 | $98.9M | Add +0.9% |
| AVGO Broadcom Inc. | 1.71% | 249,767 | $94.3M | Reduce -0.5% |
| TTE Totalenergies SE | 1.56% | 1,268,689 | $86.3M | Reduce -6.2% |
| AMZN Amazon.com Inc. | 1.48% | 344,060 | $82.0M | Reduce -1.7% |
| AMD Advanced Micro Devices | 1.47% | 140,264 | $81.5M | Add +1.0% |
| LLY Eli Lilly & Co. | 1.38% | 63,771 | $76.5M | Add +1.8% |
| MU Micron Technology Inc. | 1.22% | 58,484 | $67.5M | Add +6.0% |
| BXSL Blackstone Secured Lending F | 1.12% | 2,602,594 | $61.7M | Add +3.3% |
| NEM Newmont Corp. | 1.11% | 660,068 | $61.7M | Add +27.1% |
| AEM Agnico Eagle Mines Ltd. | 1.00% | 294,453 | $55.5M | Add +19.0% |
| AMAT Applied Materials Inc. | 0.98% | 74,898 | $54.2M | Add +4.7% |
| JPM JPMorgan Chase & Co. | 0.97% | 163,433 | $53.5M | Add +6.3% |
| CAT Caterpillar Inc. | 0.96% | 49,801 | $53.0M | Add +8.4% |
| V Visa Inc. Class A | 0.91% | 147,084 | $50.5M | Add +1.3% |
| LRCX Lam Research Corp. | 0.91% | 115,587 | $50.1M | Add +5.9% |
| INTC Intel Corp. | 0.88% | 348,006 | $48.6M | Add +6.0% |
| OBDC Blue Owl Capital Corp. | 0.86% | 4,351,794 | $47.3M | Reduce -0.6% |
| MA Mastercard Inc. Class A | 0.77% | 82,628 | $42.4M | Add +4.8% |
| WPM Wheaton Precious Metals Corp. | 0.73% | 318,250 | $40.5M | Add +73.7% |
| STX Seagate Technology Holdings | 0.73% | 41,795 | $40.3M | Add +113.5% |
| EWJ iShares MSCI Japan ETF | 0.72% | 427,383 | $39.9M | New |
| MRK Merck & Co. Inc. | 0.71% | 303,564 | $39.0M | Add +6.9% |
| RACE Ferrari NV | 0.70% | 118,882 | $38.6M | Add +25.2% |
| GE General Electric filed as GE AEROSPACE | 0.65% | 96,015 | $35.9M | Reduce -1.8% |
| GBDC Golub Capital BDC Inc. | 0.61% | 2,630,739 | $33.9M | No change |
| TD Toronto-Dominion Bank | 0.60% | 193,779 | $33.4M | Add +9.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.60% | 69,388 | $33.1M | No change |
| GSBD Goldman Sachs BDC Inc. | 0.56% | 3,294,022 | $31.2M | No change |
| LIN Linde PLC | 0.56% | 59,450 | $30.9M | Add +30.7% |
| MS Morgan Stanley | 0.55% | 146,152 | $30.6M | Add +11.4% |
| MRVL Marvell Technology Inc. | 0.55% | 101,900 | $30.4M | Add +74.4% |
| HD Home Depot Inc. | 0.55% | 85,794 | $30.3M | Reduce -0.8% |
| SPOT Spotify Technology SA | 0.54% | 66,139 | $29.9M | Reduce -4.7% |
| META Meta Platforms Inc. Class A | 0.53% | 52,237 | $29.4M | Reduce -9.6% |
| BIZD Vaneck BDC Income ETF | 0.50% | 2,200,000 | $27.9M | No change |
| MSDL Morgan Stanley Direct Lendin | 0.50% | 1,829,964 | $27.7M | No change |
| GS Goldman Sachs Group Inc. | 0.49% | 27,034 | $27.3M | Add +0.8% |
| PG The Procter & Gamble Co. | 0.49% | 183,125 | $26.9M | Reduce -6.4% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.49% | 107,097 | $26.8M | Add +11.7% |
| FSK FS KKR Capital Corp. | 0.48% | 2,529,225 | $26.6M | Reduce -0.7% |
| BAC Bank of America Corp. | 0.46% | 445,856 | $25.4M | Reduce -1.0% |
| ALC Alcon Inc. filed as ALCON AG | 0.46% | 462,421 | $25.2M | Add +79.0% |
| OCSL Oaktree Specialty Lending Co. | 0.45% | 2,080,867 | $24.8M | Reduce -0.3% |
| C Citigroup Inc. | 0.45% | 177,504 | $24.8M | Add +14.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 49,447 | $24.7M | Add +8.9% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 0.43% | 191,504 | $23.6M | Add +17.7% |
| AXP American Express Co. | 0.42% | 68,828 | $23.3M | Add +4.2% |
| STLA Stellantis NV | 0.42% | 4,632,068 | $23.0M | Reduce -6.9% |
| KO The Coca-Cola Co. | 0.42% | 282,947 | $23.0M | Add +1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 77,193 | $21.7M | Reduce -9.4% |
| ABBV Abbvie Inc. | 0.37% | 81,938 | $20.6M | Add +1.8% |
| WMT Walmart Inc. | 0.36% | 178,280 | $20.2M | Add +10.8% |
| PANW Palo Alto Networks Inc. | 0.36% | 58,450 | $19.9M | Add +5.2% |
| CSCO Cisco Systems Inc. | 0.36% | 169,176 | $19.9M | Add +6.2% |
| WDC Western Digital Corp. | 0.35% | 30,610 | $19.6M | Add +221.0% |
| KLAC KLA Corp. | 0.35% | 64,399 | $19.4M | Reduce -8.0% |
| COST Costco Wholesale Corp. | 0.35% | 20,691 | $19.4M | Add +10.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 127,020 | $19.2M | Add +12.4% |
| GEV GE Vernova Inc. | 0.34% | 16,169 | $19.0M | Add +26.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 189,652 | $18.3M | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.33% | 61,000 | $18.2M | Add +21.4% |
| HWM Howmet Aerospace Inc. | 0.33% | 67,580 | $18.2M | Add +41.2% |
| BLK BlackRock Inc. | 0.32% | 18,431 | $17.7M | Add +8.1% |
| AMGN Amgen Inc. | 0.32% | 48,754 | $17.7M | Reduce -2.9% |
| RY Royal Bank of Canada | 0.31% | 59,265 | $17.4M | Reduce -6.6% |
| VZ Verizon Communications Inc. | 0.31% | 401,357 | $17.0M | Reduce -4.5% |
| COIN Coinbase Global Inc. Class A | 0.30% | 114,829 | $16.8M | Add +72.4% |
| ELV Elevance Health Inc. | 0.30% | 43,226 | $16.7M | Add +129.0% |
| PEP Pepsico Inc. | 0.30% | 120,739 | $16.3M | Add +6.7% |
| TT Trane Technologies PLC | 0.30% | 33,270 | $16.3M | Add +16.1% |
| UNP Union Pacific Corp. | 0.29% | 58,607 | $15.9M | Add +6.5% |
| ETN Eaton Corp. PLC | 0.29% | 37,025 | $15.8M | Add +17.4% |
| HUM Humana Inc. | 0.27% | 38,109 | $15.1M | Add +391.9% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 254,617 | $14.7M | Add +0.8% |
| SHOP Shopify Inc. Class A | 0.26% | 89,676 | $14.6M | Reduce -11.6% |
| CCJ Cameco Corp. | 0.26% | 140,103 | $14.4M | Reduce -4.7% |
| NFLX Netflix Inc. | 0.26% | 201,463 | $14.4M | Add +17.6% |
| PGR Progressive Corp. | 0.26% | 65,259 | $14.3M | Add +8.8% |
| DE Deere & Co. | 0.24% | 21,177 | $13.4M | Add +6.3% |
| CRM Salesforce Inc. | 0.24% | 84,016 | $13.2M | Reduce -6.0% |
| HLT Hilton Worldwide Holdings Inc. | 0.24% | 39,623 | $13.1M | Add +21.7% |
| BKNG Booking Holdings Inc. | 0.23% | 72,102 | $12.9M | Add +3.5% |
| SPGI S&P Global Inc. | 0.23% | 31,019 | $12.6M | Add +13.9% |
| APH Amphenol Corp. Class A | 0.23% | 70,882 | $12.5M | Reduce -10.4% |
| APP AppLovin Corp. Class A | 0.22% | 23,928 | $12.3M | Add +6.0% |
| DHR Danaher Corp. | 0.22% | 64,292 | $12.2M | Add +3.1% |
| MSTR Strategy Inc. | 0.22% | 136,945 | $11.9M | Add +82.5% |
| WMB Williams Cos Inc. | 0.21% | 154,365 | $11.5M | Add +26.2% |
| LOW Lowe's Cos Inc. | 0.21% | 51,537 | $11.4M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.21% | 83,025 | $11.4M | Reduce -30.4% |
| CMCSA Comcast Corp. Class A | 0.20% | 450,113 | $11.1M | Add +6.6% |
Portfolio Sells Q1 2026 → Q2 2026
| AZN Astrazeneca PLC | Reduce -15.7% | 2.05% | −0.87 |
| TTE Totalenergies SE | Reduce -6.2% | 1.56% | −0.72 |
| XOM Exxon Mobil Corp. | Reduce -30.4% | 0.21% | −0.22 |
| STLA Stellantis NV | Reduce -6.9% | 0.42% | −0.21 |
| META Meta Platforms Inc. Class A | Reduce -9.6% | 0.53% | −0.16 |
| OBDC Blue Owl Capital Corp. | Reduce -0.6% | 0.86% | −0.15 |
| SPOT Spotify Technology SA | Reduce -4.7% | 0.54% | −0.15 |
| VZ Verizon Communications Inc. | Reduce -4.5% | 0.31% | −0.13 |
| INTU Intuit Inc. | Reduce -4.5% | 0.13% | −0.13 |
| ACN Accenture PLC Class A | Reduce -2.1% | 0.14% | −0.12 |
| CRM Salesforce Inc. | Reduce -6.0% | 0.24% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -6.4% | 0.49% | −0.10 |
| AAPL Apple Inc. | Reduce -2.1% | 2.99% | −0.10 |
| CVX Chevron Corp. | Reduce -13.1% | 0.14% | −0.09 |
| HON Honeywell International Inc. | Reduce -1.1% | 0.06% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -12.1% | 0.13% | −0.09 |
| SHOP Shopify Inc. Class A | Reduce -11.6% | 0.26% | −0.09 |
| RTX RTX Corp. | Reduce -57.6% | 0.04% | −0.08 |
| CCJ Cameco Corp. | Reduce -4.7% | 0.26% | −0.08 |
| ADBE Adobe Inc. | Reduce -5.6% | 0.15% | −0.07 |
| NOW ServiceNow Inc. | Reduce -16.0% | 0.16% | −0.07 |
| SLB SLB Ltd. | Reduce -11.8% | 0.15% | −0.07 |
| WFC Wells Fargo & Co. | Reduce -68.4% | 0.03% | −0.06 |
| HAL Halliburton Co. | Reduce -25.0% | 0.08% | −0.06 |
| FSK FS KKR Capital Corp. | Reduce -0.7% | 0.48% | −0.06 |
| MFC Manulife Financial Corp. | Reduce -92.8% | 0.00% | −0.06 |
| DIS The Walt Disney Co. | Reduce -1.6% | 0.33% | −0.06 |
| PSX Phillips 66 | Reduce -9.2% | 0.15% | −0.05 |
| PBA Pembina Pipeline Corp. | Reduce -25.0% | 0.12% | −0.05 |
| IMO Imperial Oil Ltd. | Reduce -83.3% | 0.01% | −0.05 |
| NXE Nexgen Energy Ltd. | Reduce -4.3% | 0.11% | −0.05 |
| PNC PNC Financial Services Group | Reduce -26.7% | 0.15% | −0.05 |
| KKR KKR & Co. Inc. | Reduce -97.3% | 0.00% | −0.05 |
| AMGN Amgen Inc. | Reduce -2.9% | 0.32% | −0.05 |
| ABT Abbott Laboratories | Reduce -0.9% | 0.15% | −0.05 |
| PLD Prologis Inc. | Reduce -11.7% | 0.18% | −0.05 |
| APO Apollo Global Management Inc. | Reduce -97.5% | 0.00% | −0.05 |
| SRE Sempra | Reduce -18.6% | 0.10% | −0.05 |
| BN Brookfield Corp. | Reduce -26.2% | 0.10% | −0.05 |
| COF Capital One Financial Corp. | Reduce -27.4% | 0.11% | −0.05 |
| KGC Kinross Gold Corp. | Reduce -66.5% | 0.01% | −0.05 |
| HD Home Depot Inc. | Reduce -0.8% | 0.55% | −0.05 |
| CTVA Corteva Inc. | Reduce -38.6% | 0.05% | −0.04 |
| OCSL Oaktree Specialty Lending Co. | Reduce -0.3% | 0.45% | −0.04 |
| EA Electronic Arts Inc. | Reduce -26.2% | 0.08% | −0.04 |
| FITB Fifth Third Bancorp | Reduce -96.2% | 0.00% | −0.04 |
| GIB Cgi Inc. | Reduce -49.8% | 0.03% | −0.04 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.04 |
| CBRE CBRE Group Inc. Class A | Reduce -45.8% | 0.04% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -9.4% | 0.39% | −0.04 |
Portfolio Buys Q1 2026 → Q2 2026
| AMD Advanced Micro Devices | Add +1.0% | 1.47% | +0.88 |
| MU Micron Technology Inc. | Add +6.0% | 1.22% | +0.83 |
| EWJ iShares MSCI Japan ETF | New | 0.72% | +0.72 |
| INTC Intel Corp. | Add +6.0% | 0.88% | +0.58 |
| STX Seagate Technology Holdings | Add +113.5% | 0.73% | +0.57 |
| AMAT Applied Materials Inc. | Add +4.7% | 0.98% | +0.47 |
| MRVL Marvell Technology Inc. | Add +74.4% | 0.55% | +0.43 |
| LRCX Lam Research Corp. | Add +5.9% | 0.91% | +0.42 |
| WDC Western Digital Corp. | Add +221.0% | 0.35% | +0.30 |
| CAT Caterpillar Inc. | Add +8.4% | 0.96% | +0.28 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 3.26% | +0.28 |
| HUM Humana Inc. | Add +391.9% | 0.27% | +0.25 |
| ELV Elevance Health Inc. | Add +129.0% | 0.30% | +0.19 |
| WPM Wheaton Precious Metals Corp. | Add +73.7% | 0.73% | +0.19 |
| LLY Eli Lilly & Co. | Add +1.8% | 1.38% | +0.18 |
| PANW Palo Alto Networks Inc. | Add +5.2% | 0.36% | +0.17 |
| ALC Alcon Inc. | Add +79.0% | 0.46% | +0.14 |
| TXN Texas Instruments Inc. | Add +21.4% | 0.33% | +0.13 |
| RACE Ferrari NV | Add +25.2% | 0.70% | +0.12 |
| TD Toronto-Dominion Bank | Add +9.2% | 0.60% | +0.12 |
| GEV GE Vernova Inc. | Add +26.2% | 0.34% | +0.11 |
| BMO Bank of Montreal | Add +11.7% | 0.49% | +0.11 |
| MS Morgan Stanley | Add +11.4% | 0.55% | +0.10 |
| CSCO Cisco Systems Inc. | Add +6.2% | 0.36% | +0.10 |
| BNS Bank of Nova Scotia | Add +17.7% | 0.43% | +0.10 |
| HWM Howmet Aerospace Inc. | Add +41.2% | 0.33% | +0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +21.7% | 0.17% | +0.09 |
| LIN Linde PLC | Add +30.7% | 0.56% | +0.09 |
| C Citigroup Inc. | Add +14.9% | 0.45% | +0.08 |
| COIN Coinbase Global Inc. Class A | Add +72.4% | 0.30% | +0.06 |
| DDOG Datadog Inc. Class A | Add +58.7% | 0.08% | +0.05 |
| EBAY eBay Inc. | Add +39.3% | 0.16% | +0.05 |
| CDNS Cadence Design SYS Inc. | Add +16.6% | 0.19% | +0.05 |
| CVS CVS Health Corp. | Add +48.0% | 0.11% | +0.05 |
| ETN Eaton Corp. PLC | Add +17.4% | 0.29% | +0.05 |
| MDY State Street SPDR S&P Midcap | Add +3.6% | 2.10% | +0.05 |
| TT Trane Technologies PLC | Add +16.1% | 0.30% | +0.05 |
| MPC Marathon Petroleum Corp. | Add +35.2% | 0.20% | +0.04 |
| EIX Edison International | Add +101.2% | 0.08% | +0.04 |
| SNOW Snowflake Inc. | Add +45.4% | 0.07% | +0.04 |
| APP AppLovin Corp. Class A | Add +6.0% | 0.22% | +0.04 |
| HEI.A Heico Corp. Class A | Add +24.5% | 0.14% | +0.03 |
| NET Cloudflare Inc. Class A | Add +66.7% | 0.08% | +0.03 |
| MAR Marriott International Class A | Add +51.3% | 0.10% | +0.03 |
| CNI Canadian Natl Railway Co. | Add +20.4% | 0.17% | +0.03 |
| HLT Hilton Worldwide Holdings Inc. | Add +21.7% | 0.24% | +0.03 |
| ADM Archer-Daniels-Midland Co. | Add +124.9% | 0.06% | +0.03 |
| CSX CSX Corp. | Add +20.4% | 0.17% | +0.03 |
| CP Canadian Pacific Kansas City | Add +50.1% | 0.09% | +0.03 |
| CTAS Cintas Corp. | Add +50.1% | 0.12% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 526 | $5.5B | NVDA, MSFT, GOOGL, AAPL, GOOG |
| Q1 2026 | 484 | $4.8B | NVDA, MSFT, AAPL, GOOGL, AZN |
| Q4 2025 | 483 | $4.9B | NVDA, MSFT, AAPL, GOOGL, GOOG |
| Q3 2025 | 499 | $4.7B | NVDA, MSFT, AAPL, GOOGL, TSLA |
| Q2 2025 | 498 | $4.4B | NVDA, MSFT, AAPL, ARCC, GOOGL |
| Q1 2025 | 494 | $4.1B | NVDA, MSFT, AAPL, ARCC, GOOGL |
| Q4 2024Amended | 479 | $3.9B | NVDA, MSFT, AAPL, GOOGL, TSLA |