Generali Asset Management SPA SGR
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Generali Asset Management SPA SGR reported 484 stock positions worth $4.8 billion. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Microsoft (MSFT, 4.7%) and Apple (AAPL, 3.1%). Compared with Q4 2025, it opened 29 new positions, sold out of 29, added to 186 and reduced 226. The biggest buy was a new position in Astrazeneca (AZN) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- TRIESTE, L6
- CIK
- 0002046751
- Portfolio Value
- $4.8B (Q1 2026)
- SEC Filing
- 0001123292-26-000597 ↗ filed May 5, 2026
Holdings Value
Holdings 484 stocks · $4.8B
| NVDA Nvidia Corp. | 7.50% | 2,061,444 | $359.5M | Reduce -2.1% |
| MSFT Microsoft Corp. | 4.70% | 608,266 | $225.2M | Reduce -1.6% |
| AAPL Apple Inc. | 3.09% | 583,544 | $148.1M | Reduce -4.2% |
| GOOGL Alphabet Inc. Class A | 2.98% | 496,818 | $142.9M | Reduce -1.5% |
| AZN Astrazeneca PLC | 2.93% | 954,783 | $140.3M | New |
| ARCC Ares Capital Corp. | 2.84% | 7,547,995 | $136.0M | Add +49.4% |
| GOOG Alphabet Inc. Class C | 2.57% | 430,332 | $123.4M | Reduce -1.1% |
| TTE Totalenergies SE | 2.28% | 1,351,999 | $109.4M | Add +3.9% |
| MDY State Street SPDR S&P Midcap | 2.05% | 158,983 | $98.1M | New |
| TSLA Tesla Inc. | 1.81% | 233,210 | $86.7M | Reduce -1.6% |
| UBS UBS Group AG-Reg | 1.70% | 2,653,910 | $81.6M | Add +7.0% |
| AVGO Broadcom Inc. | 1.62% | 251,097 | $77.7M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 1.52% | 349,972 | $72.9M | Reduce -4.2% |
| BXSL Blackstone Secured Lending F | 1.25% | 2,519,480 | $59.7M | Add +23.2% |
| AEM Agnico Eagle Mines Ltd. | 1.21% | 247,362 | $58.1M | Reduce -25.8% |
| LLY Eli Lilly & Co. | 1.20% | 62,651 | $57.6M | Reduce -6.1% |
| NEM Newmont Corp. | 1.17% | 519,162 | $56.2M | Reduce -32.1% |
| OBDC Blue Owl Capital Corp. | 1.01% | 4,377,807 | $48.4M | No change |
| JPM JPMorgan Chase & Co. | 0.94% | 153,690 | $45.2M | Reduce -6.8% |
| V Visa Inc. Class A | 0.92% | 145,173 | $43.9M | Reduce -3.2% |
| MA Mastercard Inc. Class A | 0.82% | 78,833 | $39.4M | Add +1.6% |
| MRK Merck & Co. Inc. | 0.71% | 284,084 | $34.2M | Reduce -7.8% |
| GBDC Golub Capital BDC Inc. | 0.69% | 2,630,739 | $33.3M | No change |
| SPOT Spotify Technology SA | 0.69% | 69,396 | $33.1M | Add +4.4% |
| META Meta Platforms Inc. Class A | 0.69% | 57,774 | $33.1M | Reduce -6.8% |
| CAT Caterpillar Inc. | 0.68% | 45,933 | $32.5M | Reduce -1.3% |
| STLA Stellantis NV | 0.63% | 4,976,131 | $30.2M | Add +6.4% |
| GSBD Goldman Sachs BDC Inc. | 0.61% | 3,294,022 | $29.3M | No change |
| HD Home Depot Inc. | 0.59% | 86,493 | $28.4M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.59% | 195,657 | $28.3M | Reduce -4.1% |
| AMD Advanced Micro Devices | 0.59% | 138,918 | $28.3M | Reduce -2.3% |
| BIZD Vaneck BDC Income ETF | 0.59% | 2,200,000 | $28.2M | No change |
| GE General Electric filed as GE AEROSPACE | 0.58% | 97,739 | $27.7M | Reduce -1.5% |
| RACE Ferrari NV | 0.57% | 94,965 | $27.4M | Add +9.9% |
| WPM Wheaton Precious Metals Corp. | 0.55% | 183,264 | $26.1M | Reduce -42.4% |
| FSK FS KKR Capital Corp. | 0.54% | 2,546,371 | $25.9M | No change |
| MSDL Morgan Stanley Direct Lendin | 0.53% | 1,829,964 | $25.5M | No change |
| AMAT Applied Materials Inc. | 0.51% | 71,563 | $24.5M | Reduce -5.0% |
| OCSL Oaktree Specialty Lending Co. | 0.49% | 2,087,981 | $23.6M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.49% | 69,388 | $23.4M | No change |
| LRCX Lam Research Corp. | 0.49% | 109,176 | $23.3M | Reduce -5.4% |
| TD Toronto-Dominion Bank | 0.48% | 177,471 | $23.1M | Add +7.2% |
| GS Goldman Sachs Group Inc. | 0.47% | 26,833 | $22.7M | Add +2.4% |
| LIN Linde PLC | 0.47% | 45,473 | $22.5M | Reduce -8.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 450,544 | $22.0M | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 45,401 | $21.8M | Reduce -25.0% |
| MS Morgan Stanley | 0.45% | 131,228 | $21.6M | Add +1.8% |
| KO The Coca-Cola Co. | 0.44% | 278,571 | $21.2M | Add +0.6% |
| VZ Verizon Communications Inc. | 0.44% | 420,464 | $21.1M | Reduce -7.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 85,246 | $20.7M | Add +0.9% |
| XOM Exxon Mobil Corp. | 0.42% | 119,200 | $20.2M | Reduce -10.3% |
| WMT Walmart Inc. | 0.42% | 160,846 | $20.0M | Add +6.9% |
| AXP American Express Co. | 0.42% | 66,039 | $20.0M | Add +4.5% |
| MU Micron Technology Inc. | 0.39% | 55,188 | $18.6M | Add +17.8% |
| COST Costco Wholesale Corp. | 0.39% | 18,692 | $18.6M | Reduce -12.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 192,704 | $18.6M | Reduce -1.6% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.38% | 95,858 | $18.1M | Add +10.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.38% | 112,979 | $18.0M | Add +7.1% |
| AMGN Amgen Inc. | 0.37% | 50,205 | $17.7M | Reduce -1.8% |
| PEP Pepsico Inc. | 0.37% | 113,159 | $17.6M | Add +2.5% |
| C Citigroup Inc. | 0.37% | 154,421 | $17.5M | Reduce -12.9% |
| ABBV Abbvie Inc. | 0.37% | 80,486 | $17.5M | Reduce -6.9% |
| SHOP Shopify Inc. Class A | 0.35% | 101,482 | $16.8M | Add +36.0% |
| CRM Salesforce Inc. | 0.35% | 89,365 | $16.7M | Reduce -0.1% |
| NFLX Netflix Inc. | 0.34% | 171,391 | $16.5M | Reduce -11.6% |
| BLK BlackRock Inc. | 0.34% | 17,045 | $16.4M | Add +13.1% |
| CCJ Cameco Corp. | 0.34% | 147,015 | $16.1M | Add +3897.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 0.33% | 162,727 | $15.7M | Add +27.5% |
| BMY Bristol-Myers Squibb Co. | 0.32% | 252,642 | $15.3M | Reduce -2.9% |
| ALC Alcon Inc. filed as ALCON AG | 0.32% | 258,363 | $15.3M | Add +5.8% |
| INTC Intel Corp. | 0.30% | 328,409 | $14.5M | Reduce -0.8% |
| RY Royal Bank of Canada | 0.30% | 63,468 | $14.3M | Add +15.7% |
| UNP Union Pacific Corp. | 0.28% | 55,003 | $13.3M | Add +0.2% |
| CSCO Cisco Systems Inc. | 0.26% | 159,379 | $12.4M | Reduce -22.8% |
| ACN Accenture PLC Class A | 0.26% | 62,040 | $12.3M | Add +0.3% |
| INTU Intuit Inc. | 0.26% | 28,430 | $12.3M | Add +2.3% |
| LOW Lowe's Cos Inc. | 0.25% | 51,459 | $12.2M | Add +18.7% |
| CMCSA Comcast Corp. Class A | 0.25% | 422,364 | $12.1M | Reduce -2.9% |
| TT Trane Technologies PLC | 0.25% | 28,663 | $11.9M | Reduce -2.0% |
| PGR Progressive Corp. | 0.25% | 59,960 | $11.9M | Reduce -10.4% |
| DHR Danaher Corp. | 0.25% | 62,329 | $11.8M | Add +2.5% |
| BKNG Booking Holdings Inc. | 0.24% | 2,788 | $11.7M | Reduce -15.5% |
| T AT&T Inc. | 0.24% | 404,431 | $11.7M | Add +32.3% |
| COIN Coinbase Global Inc. Class A | 0.24% | 66,600 | $11.6M | Reduce -4.5% |
| SPGI S&P Global Inc. | 0.24% | 27,233 | $11.6M | Reduce -22.2% |
| CVX Chevron Corp. | 0.24% | 55,132 | $11.4M | Add +72.1% |
| ETN Eaton Corp. PLC | 0.24% | 31,534 | $11.3M | Add +10.1% |
| DE Deere & Co. | 0.23% | 19,920 | $11.2M | Add +10.8% |
| GEV GE Vernova Inc. | 0.23% | 12,808 | $11.2M | Reduce -9.8% |
| HWM Howmet Aerospace Inc. | 0.23% | 47,850 | $11.0M | Reduce -0.5% |
| PLD Prologis Inc. | 0.23% | 82,251 | $10.9M | Reduce -8.5% |
| NOW ServiceNow Inc. | 0.22% | 102,915 | $10.8M | Add +1.0% |
| ADBE Adobe Inc. | 0.22% | 44,163 | $10.7M | Add +1.1% |
| PLTR Palantir Technologies Inc. Class A | 0.22% | 72,695 | $10.6M | Reduce -2.2% |
| VLO Valero Energy Corp. | 0.22% | 42,554 | $10.5M | Add +16.1% |
| ADP Automatic Data Processing | 0.22% | 51,112 | $10.4M | Add +7.8% |
| KLAC KLA Corp. | 0.22% | 7,003 | $10.3M | Reduce -10.1% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.21% | 198,146 | $10.2M | Reduce -0.7% |
| MRSH Marsh & McLennan Cos | 0.21% | 58,491 | $10.1M | Reduce -1.0% |
| APH Amphenol Corp. Class A | 0.21% | 79,090 | $10.0M | Reduce -9.2% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -1.6% | 4.70% | −1.41 |
| NVDA Nvidia Corp. | Reduce -2.1% | 7.50% | −0.53 |
| NEM Newmont Corp. | Reduce -32.1% | 1.17% | −0.39 |
| TSLA Tesla Inc. | Reduce -1.6% | 1.81% | −0.37 |
| AAPL Apple Inc. | Reduce -4.2% | 3.09% | −0.30 |
| WPM Wheaton Precious Metals Corp. | Reduce -42.4% | 0.55% | −0.28 |
| LLY Eli Lilly & Co. | Reduce -6.1% | 1.20% | −0.26 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 2.98% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -1.1% | 2.57% | −0.22 |
| AMZN Amazon.com Inc. | Reduce -4.2% | 1.52% | −0.20 |
| AVGO Broadcom Inc. | Reduce -1.4% | 1.62% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -25.0% | 0.45% | −0.17 |
| V Visa Inc. Class A | Reduce -3.2% | 0.92% | −0.16 |
| META Meta Platforms Inc. Class A | Reduce -6.8% | 0.69% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -6.8% | 0.94% | −0.14 |
| CRM Salesforce Inc. | Reduce -0.1% | 0.35% | −0.14 |
| SPGI S&P Global Inc. | Reduce -22.2% | 0.24% | −0.13 |
| AEM Agnico Eagle Mines Ltd. | Reduce -25.8% | 1.21% | −0.12 |
| BKNG Booking Holdings Inc. | Reduce -15.5% | 0.24% | −0.12 |
| ORCL Oracle Corp. | Reduce -18.5% | 0.18% | −0.11 |
| BSX Boston Scientific Corp. | Reduce -35.1% | 0.08% | −0.10 |
| MCO Moody's Corp. | Reduce -51.1% | 0.07% | −0.09 |
| TRP TC Energy Corp. | Reduce -77.2% | 0.03% | −0.08 |
| COIN Coinbase Global Inc. Class A | Reduce -4.5% | 0.24% | −0.08 |
| WDAY Workday Inc. Class A | Reduce -45.2% | 0.04% | −0.08 |
| DB Deutsche Bank AG-Registered | Reduce -8.0% | 0.19% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -16.2% | 0.17% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -18.8% | 0.18% | −0.07 |
| PYPL PayPal Holdings Inc. | Reduce -54.6% | 0.04% | −0.07 |
| DIS The Walt Disney Co. | Reduce -1.6% | 0.39% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -22.8% | 0.26% | −0.07 |
| PGR Progressive Corp. | Reduce -10.4% | 0.25% | −0.06 |
| COF Capital One Financial Corp. | Reduce -7.7% | 0.15% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -4.1% | 0.17% | −0.06 |
| LOGI Logitech International-Reg | Reduce -74.4% | 0.02% | −0.06 |
| C Citigroup Inc. | Reduce -12.9% | 0.37% | −0.06 |
| KR Kroger Co. | Reduce -59.3% | 0.05% | −0.05 |
| AIG American International Group | Reduce -67.3% | 0.02% | −0.05 |
| AMT American Tower Corp. | Reduce -28.1% | 0.13% | −0.05 |
| BR Broadridge Financial Solutio | Reduce -51.1% | 0.03% | −0.05 |
| PLTR Palantir Technologies Inc. Class A | Reduce -2.2% | 0.22% | −0.05 |
| PM Philip Morris International | Reduce -33.0% | 0.11% | −0.05 |
| CPRT Copart Inc. | Reduce -53.4% | 0.03% | −0.05 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -15.5% | 0.20% | −0.05 |
| GE General Electric | Reduce -1.5% | 0.58% | −0.05 |
| IQV Iqvia Holdings Inc. | Reduce -10.9% | 0.10% | −0.05 |
| MSTR Strategy Inc. | Reduce -3.3% | 0.20% | −0.05 |
| PFE Pfizer Inc. | Reduce -36.6% | 0.12% | −0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -99.2% | 0.00% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| AZN Astrazeneca PLC | New | 2.93% | +2.93 |
| MDY State Street SPDR S&P Midcap | New | 2.05% | +2.05 |
| TTE Totalenergies SE | Add +3.9% | 2.28% | +0.80 |
| ARCC Ares Capital Corp. | Add +49.4% | 2.84% | +0.75 |
| CCJ Cameco Corp. | Add +3897.2% | 0.34% | +0.33 |
| NXE Nexgen Energy Ltd. | New | 0.16% | +0.16 |
| BXSL Blackstone Secured Lending F | Add +23.2% | 1.25% | +0.14 |
| CVX Chevron Corp. | Add +72.1% | 0.24% | +0.14 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.14% | +0.14 |
| MU Micron Technology Inc. | Add +17.8% | 0.39% | +0.12 |
| VLO Valero Energy Corp. | Add +16.1% | 0.22% | +0.10 |
| T AT&T Inc. | Add +32.3% | 0.24% | +0.09 |
| PBA Pembina Pipeline Corp. | Add +44.9% | 0.17% | +0.07 |
| WMT Walmart Inc. | Add +6.9% | 0.42% | +0.07 |
| TXN Texas Instruments Inc. | Add +37.2% | 0.20% | +0.07 |
| STX Seagate Technology Holdings | Add +23.6% | 0.16% | +0.07 |
| BNS Bank of Nova Scotia | Add +27.5% | 0.33% | +0.06 |
| DE Deere & Co. | Add +10.8% | 0.23% | +0.06 |
| BMO Bank of Montreal | Add +10.6% | 0.38% | +0.06 |
| DELL Dell Technologies -C | New | 0.06% | +0.06 |
| FAST Fastenal Co. | Add +5330.7% | 0.05% | +0.05 |
| ETN Eaton Corp. PLC | Add +10.1% | 0.24% | +0.05 |
| HAL Halliburton Co. | Add +6.4% | 0.15% | +0.05 |
| SLF Sun Life Financial Inc. | Add +54.3% | 0.12% | +0.05 |
| KO The Coca-Cola Co. | Add +0.6% | 0.44% | +0.05 |
| VRT Vertiv Holdings Co. Class A | Add +84.2% | 0.07% | +0.05 |
| ADI Analog Devices Inc. | Add +15.7% | 0.16% | +0.05 |
| TJX TJX Companies Inc. | Add +7.1% | 0.38% | +0.05 |
| TD Toronto-Dominion Bank | Add +7.2% | 0.48% | +0.04 |
| PEP Pepsico Inc. | Add +2.5% | 0.37% | +0.04 |
| LNG Cheniere Energy Inc. | Add +0.8% | 0.12% | +0.04 |
| CTVA Corteva Inc. | Add +34.7% | 0.10% | +0.04 |
| LOW Lowe's Cos Inc. | Add +18.7% | 0.25% | +0.04 |
| TGT Target Corp. | Add +24.9% | 0.11% | +0.04 |
| TER Teradyne Inc. | New | 0.04% | +0.04 |
| NUE Nucor Corp. | Add +128.8% | 0.06% | +0.04 |
| WAT Waters Corp. | New | 0.04% | +0.04 |
| NXPI NXP Semiconductors NV | Add +78.1% | 0.09% | +0.04 |
| DXCM Dexcom Inc. | Add +139.3% | 0.06% | +0.04 |
| RY Royal Bank of Canada | Add +15.7% | 0.30% | +0.04 |
| SYY Sysco Corp. | Add +102.5% | 0.07% | +0.04 |
| ROST Ross Stores Inc. | Add +30.7% | 0.09% | +0.03 |
| CFG Citizens Financial Group | New | 0.03% | +0.03 |
| STN Stantec Inc. | New | 0.03% | +0.03 |
| HON Honeywell International Inc. | Add +9.1% | 0.15% | +0.03 |
| OMC Omnicom Group | Add +110.2% | 0.07% | +0.03 |
| VST Vistra Corp. | New | 0.03% | +0.03 |
| FIX Comfort Systems USA Inc. | Add +82.9% | 0.05% | +0.03 |
| CI The Cigna Group | Add +36.1% | 0.13% | +0.03 |
| BIIB Biogen Inc. | Add +25.8% | 0.13% | +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 |