Generali Investments CEE, investicni spolecnost, a.s.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Generali Investments CEE, investicni spolecnost, a.s. reported 383 stock positions worth $1.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 4.0% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 3.5%) and Erste Group Bank (EBKOF, 2.0%). Compared with Q4 2024, it opened 44 new positions, sold out of 15, added to 65 and reduced 91. The biggest buy was a new position in Siemens AG-Reg (SMAWF) and the biggest sale Erste Group Bank (EBKOF, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- PRAGUE, 2N
- CIK
- 0002047540
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0002047540-25-000004 ↗ filed Apr 29, 2025
Holdings Value
Holdings 383 stocks · $1.1B
| SPY SS SPDR S&P 500 ETF Trust-US | 4.00% | 76,800 | $43.0M | No change |
| RSP Invesco S&P 500 Equal Weight | 3.52% | 217,990 | $37.8M | Add +7.0% |
| EBKOF Erste Group Bank AG | 2.05% | 318,719 | $22.0M | Reduce -17.2% |
| OMVJF Omv AG | 1.70% | 354,880 | $18.2M | Add +3.9% |
| MSFT Microsoft Corp. | 1.49% | 42,633 | $16.0M | Add +5.7% |
| AMZN Amazon.com Inc. | 1.42% | 79,851 | $15.2M | Add +12.9% |
| IVV iShares Core S&P 500 ETF | 1.41% | 27,000 | $15.2M | No change |
| AAPL Apple Inc. | 1.40% | 67,511 | $15.0M | Add +7.8% |
| NVDA Nvidia Corp. | 1.28% | 126,790 | $13.7M | Add +17.4% |
| INPOF Inpost SA | 1.20% | 878,973 | $12.8M | Add +63.8% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 1.18% | 136,158 | $12.6M | Add +21.7% |
| JPM JPMorgan Chase & Co. | 1.11% | 48,511 | $11.9M | Add +7.6% |
| ALLEGRO EU SA | 1.10% | 1,455,982 | $11.8M | Add +20.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.06% | 24,191 | $11.3M | Add +32.9% |
| IBB iShares Biotechnology ETF | 1.03% | 86,000 | $11.0M | No change |
| V Visa Inc. Class A | 0.98% | 30,101 | $10.5M | Reduce -6.4% |
| SMAWF Siemens AG-Reg | 0.91% | 42,243 | $9.7M | New |
| SAPGF Sap SE | 0.90% | 36,024 | $9.7M | New |
| VNNVF Vonovia SE | 0.89% | 352,188 | $9.5M | New |
| MA Mastercard Inc. Class A | 0.87% | 17,102 | $9.4M | Reduce -1.4% |
| AMD Advanced Micro Devices | 0.87% | 90,351 | $9.3M | Add +21.8% |
| GOOGL Alphabet Inc. Class A | 0.86% | 59,424 | $9.2M | Add +15.2% |
| LLY Eli Lilly & Co. | 0.80% | 10,448 | $8.6M | Reduce -4.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.79% | 86,266 | $8.5M | Reduce -1.3% |
| AXP American Express Co. | 0.78% | 30,925 | $8.3M | Add +4.8% |
| GILD Gilead Sciences Inc. | 0.77% | 73,468 | $8.2M | Reduce -8.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.75% | 32,567 | $8.1M | Reduce -0.8% |
| SSNHZ Samsung Electr-GDR Reg S | 0.75% | 8,305 | $8.1M | Add +15.7% |
| TTE Totalenergies SE | 0.75% | 125,177 | $8.1M | Reduce -3.5% |
| ABBV Abbvie Inc. | 0.74% | 37,859 | $7.9M | Reduce -4.3% |
| XOM Exxon Mobil Corp. | 0.72% | 65,084 | $7.7M | Reduce -3.6% |
| NATKY Nac Kazatomprom JSC-GDR Regs | 0.72% | 235,200 | $7.7M | Add +7.3% |
| AVGO Broadcom Inc. | 0.71% | 45,799 | $7.7M | Add +138.5% |
| VWO Vanguard Ftse Emerging Marke | 0.70% | 165,500 | $7.5M | No change |
| IEMG iShares Core MSCI Emerging | 0.69% | 137,900 | $7.4M | No change |
| THLEF Thales SA | 0.68% | 27,549 | $7.3M | Reduce -9.9% |
| ICLN iShares Global Clean Energy | 0.66% | 619,000 | $7.1M | No change |
| GOOG Alphabet Inc. Class C | 0.65% | 44,482 | $6.9M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 0.65% | 12,016 | $6.9M | Add +8.3% |
| PEP Pepsico Inc. | 0.64% | 45,623 | $6.8M | Reduce -1.6% |
| UNH Unitedhealth Group Inc. | 0.63% | 12,879 | $6.7M | Add +10.4% |
| HDB HDFC Bank Ltd.-ADR | 0.61% | 99,200 | $6.6M | Add +167.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 12,340 | $6.6M | Reduce -11.1% |
| IDEXF Industria DE Diseno Textil filed as INDITEX | 0.57% | 124,254 | $6.2M | Add +2.4% |
| MCD McDonald's Corp. | 0.56% | 19,332 | $6.0M | Add +0.2% |
| HUUUGE INC | 0.56% | 1,205,117 | $6.0M | Reduce -0.1% |
| CVX Chevron Corp. | 0.55% | 35,285 | $5.9M | Reduce -2.8% |
| RWNFF Rwe AG | 0.55% | 165,658 | $5.9M | New |
| TM Toyota Motor Corp. -Spon ADR | 0.54% | 32,992 | $5.8M | Add +4.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.53% | 34,449 | $5.7M | Reduce -9.8% |
| PG The Procter & Gamble Co. | 0.53% | 33,351 | $5.7M | Reduce -6.6% |
| HALYK BANK-GDR REG S filed as Halyk Savings Bank of Kazakhstan JSC | 0.52% | 226,987 | $5.6M | Add +6.7% |
| IBDSF Iberdrola SA | 0.51% | 341,027 | $5.5M | Reduce -0.1% |
| ENAKF E.on SE | 0.51% | 363,962 | $5.5M | New |
| CSCO Cisco Systems Inc. | 0.51% | 88,899 | $5.5M | Reduce -13.5% |
| CAT Caterpillar Inc. | 0.50% | 16,300 | $5.4M | Add +22.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.50% | 11,030 | $5.3M | No change |
| EBAY eBay Inc. | 0.49% | 76,850 | $5.2M | No change |
| NFLX Netflix Inc. | 0.48% | 5,547 | $5.2M | Reduce -30.1% |
| VZ Verizon Communications Inc. | 0.48% | 112,662 | $5.1M | Reduce -1.4% |
| INFY Infosys Ltd.-SP ADR | 0.46% | 269,200 | $4.9M | No change |
| WELL Welltower Inc. | 0.45% | 31,600 | $4.8M | No change |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 0.45% | 75,787 | $4.8M | Reduce -22.9% |
| PM Philip Morris International | 0.44% | 29,812 | $4.7M | Reduce -11.0% |
| HD Home Depot Inc. | 0.44% | 12,735 | $4.7M | Reduce -4.4% |
| KHC The Kraft Heinz Co. | 0.43% | 152,347 | $4.6M | Add +8.2% |
| GFI Gold Fields Ltd.-Spons ADR | 0.43% | 208,000 | $4.6M | Reduce -10.7% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.43% | 79,616 | $4.6M | Reduce -38.5% |
| KO The Coca-Cola Co. | 0.42% | 62,610 | $4.5M | Reduce -5.4% |
| FDX FedEx Corp. | 0.42% | 18,300 | $4.5M | Add +3.1% |
| WMT Walmart Inc. | 0.41% | 50,361 | $4.4M | Reduce -15.1% |
| AMGN Amgen Inc. | 0.41% | 14,170 | $4.4M | Reduce -3.7% |
| MELI MercadoLibre Inc. | 0.40% | 2,220 | $4.3M | No change |
| TSLA Tesla Inc. | 0.40% | 16,528 | $4.3M | Reduce -11.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 101,960 | $4.3M | Add +7.9% |
| INGVF ING Groep NV | 0.40% | 218,228 | $4.2M | Reduce -1.7% |
| RNMBF Rheinmetall AG | 0.39% | 2,950 | $4.2M | New |
| SONY Sony Group Corp. - SP ADR | 0.39% | 165,750 | $4.2M | No change |
| QCOM Qualcomm Inc. | 0.39% | 27,383 | $4.2M | Add +10.0% |
| PYPL PayPal Holdings Inc. | 0.39% | 64,290 | $4.2M | No change |
| ORCL Oracle Corp. | 0.38% | 29,500 | $4.1M | No change |
| GE General Electric filed as GE AEROSPACE | 0.38% | 20,579 | $4.1M | Reduce -1.9% |
| TXN Texas Instruments Inc. | 0.38% | 22,906 | $4.1M | Reduce -1.5% |
| OEZVF Verbund AG | 0.38% | 58,004 | $4.1M | Add +22.1% |
| UBER Uber Technologies Inc. | 0.38% | 56,200 | $4.1M | Add +51.9% |
| CRM Salesforce Inc. | 0.38% | 15,106 | $4.1M | Reduce -2.1% |
| SPG Simon Property Group Inc. | 0.37% | 24,102 | $4.0M | No change |
| COST Costco Wholesale Corp. | 0.37% | 4,216 | $4.0M | Reduce -5.3% |
| GS Goldman Sachs Group Inc. | 0.37% | 7,288 | $4.0M | Reduce -9.2% |
| EADSF Airbus SE | 0.37% | 22,279 | $3.9M | Add +201.3% |
| HESAF Hermes International | 0.36% | 1,501 | $3.9M | Reduce -9.6% |
| GEN Gen Digital Inc. | 0.36% | 147,165 | $3.9M | Add +7.4% |
| RYLPF Koninklijke Philips NV | 0.35% | 150,459 | $3.8M | Add +15.1% |
| ACN Accenture PLC Class A | 0.35% | 12,127 | $3.8M | New |
| ARCC Ares Capital Corp. | 0.35% | 168,049 | $3.7M | New |
| GRPN Groupon Inc. | 0.35% | 198,062 | $3.7M | Add +10.5% |
| ADBE Adobe Inc. | 0.35% | 9,675 | $3.7M | Add +15.5% |
| HPE Hewlett Packard Enterprise | 0.35% | 240,000 | $3.7M | Add +8.1% |
| BIIB Biogen Inc. | 0.35% | 27,060 | $3.7M | No change |
| ABT Abbott Laboratories | 0.34% | 27,258 | $3.6M | Reduce -3.5% |
Portfolio Sells Q4 2024 → Q1 2025
| EBKOF Erste Group Bank AG | Reduce -17.2% | 2.05% | −0.40 |
| TSLA Tesla Inc. | Reduce -11.1% | 0.40% | −0.38 |
| CAJPY Canon Inc.-Spons ADR | Sold out | 0.00% | −0.30 |
| NFLX Netflix Inc. | Reduce -30.1% | 0.48% | −0.25 |
| VOD Vodafone Group PLC-SP ADR | Reduce -96.7% | 0.01% | −0.25 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -9.8% | 0.53% | −0.24 |
| JNJ Johnson & Johnson | Reduce -48.8% | 0.28% | −0.24 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -38.5% | 0.43% | −0.23 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 0.65% | −0.23 |
| PCRHY Panasonic Holdings Corp. | Sold out | 0.00% | −0.22 |
| DIS The Walt Disney Co. | Reduce -1.3% | 0.79% | −0.21 |
| BABA Alibaba Group Holding-SP ADR | Reduce -57.4% | 0.27% | −0.18 |
| JD Jd.com Inc.-ADR | Reduce -44.5% | 0.25% | −0.17 |
| CRM Salesforce Inc. | Reduce -2.1% | 0.38% | −0.15 |
| LNNGY Li Ning Co. Ltd.-Unspon ADR | Reduce -87.1% | 0.02% | −0.15 |
| WMT Walmart Inc. | Reduce -15.1% | 0.41% | −0.14 |
| STLA Stellantis NV | Sold out | 0.00% | −0.13 |
| CSCO Cisco Systems Inc. | Reduce -13.5% | 0.51% | −0.12 |
| PFE Pfizer Inc. | Reduce -32.8% | 0.15% | −0.11 |
| GS Goldman Sachs Group Inc. | Reduce -9.2% | 0.37% | −0.10 |
| HD Home Depot Inc. | Reduce -4.4% | 0.44% | −0.10 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.10 |
| PEP Pepsico Inc. | Reduce -1.6% | 0.64% | −0.09 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -22.9% | 0.45% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -6.6% | 0.53% | −0.09 |
| MS Morgan Stanley | Reduce -6.6% | 0.31% | −0.09 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -4.9% | 0.80% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -1.4% | 0.87% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -3.0% | 0.26% | −0.07 |
| SLTQY Societatea National-GDR Regs | Sold out | 0.00% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -1.5% | 0.38% | −0.07 |
| V Visa Inc. Class A | Reduce -6.4% | 0.98% | −0.06 |
| C Citigroup Inc. | Reduce -11.1% | 0.26% | −0.06 |
| INTC Intel Corp. | Reduce -25.0% | 0.19% | −0.06 |
| SPOT Spotify Technology SA | Reduce -22.9% | 0.34% | −0.06 |
| LEN Lennar Corp. Class A | Reduce -31.3% | 0.06% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -5.3% | 0.37% | −0.05 |
| HESAF Hermes International | Reduce -9.6% | 0.36% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.4% | 0.17% | −0.04 |
| T AT&T Inc. | Reduce -20.4% | 0.31% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.1% | 0.61% | −0.04 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -5.3% | 0.33% | −0.03 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.03 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.03 |
| FSLR First Solar Inc. | Reduce -20.0% | 0.03% | −0.03 |
| DHR Danaher Corp. | Reduce -25.9% | 0.04% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -3.6% | 0.72% | −0.03 |
| CICHY China Construct-Unspon ADR | Reduce -15.6% | 0.11% | −0.03 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -13.6% | 0.08% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| SMAWF Siemens AG-Reg | New | 0.91% | +0.91 |
| SAPGF Sap SE | New | 0.90% | +0.90 |
| VNNVF Vonovia SE | New | 0.89% | +0.89 |
| RWNFF Rwe AG | New | 0.55% | +0.55 |
| ENAKF E.on SE | New | 0.51% | +0.51 |
| RNMBF Rheinmetall AG | New | 0.39% | +0.39 |
| HDB HDFC Bank Ltd.-ADR | Add +167.5% | 0.61% | +0.37 |
| ACN Accenture PLC Class A | New | 0.35% | +0.35 |
| ARCC Ares Capital Corp. | New | 0.35% | +0.35 |
| OMVJF Omv AG | Add +3.9% | 1.70% | +0.34 |
| ALLEGRO EU SA | Add +20.0% | 1.10% | +0.28 |
| WFC Wells Fargo & Co. | New | 0.27% | +0.27 |
| AVGO Broadcom Inc. | Add +138.5% | 0.71% | +0.26 |
| INPOF Inpost SA | Add +63.8% | 1.20% | +0.25 |
| EADSF Airbus SE | Add +201.3% | 0.37% | +0.24 |
| ADP Automatic Data Processing | New | 0.23% | +0.23 |
| MBGAF Mercedes-Benz Group AG | New | 0.22% | +0.22 |
| DELL Dell Technologies -C | New | 0.19% | +0.19 |
| OBDC Blue Owl Capital Corp. | New | 0.18% | +0.18 |
| BXSL Blackstone Secured Lending F | New | 0.17% | +0.17 |
| SPB Spectrum Brands Holdings Inc. | New | 0.17% | +0.17 |
| LULU Lululemon Athletica Inc. | New | 0.16% | +0.16 |
| NOW ServiceNow Inc. | Add +277.8% | 0.25% | +0.15 |
| UBER Uber Technologies Inc. | Add +51.9% | 0.38% | +0.15 |
| FSK FS KKR Capital Corp. | New | 0.13% | +0.13 |
| GRPN Groupon Inc. | Add +10.5% | 0.35% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +32.9% | 1.06% | +0.10 |
| HALYK BANK-GDR REG S | Add +6.7% | 0.52% | +0.10 |
| MDT Medtronic PLC | New | 0.09% | +0.09 |
| GBDC Golub Capital BDC Inc. | New | 0.09% | +0.09 |
| KSPI JSC Kaspi.kz ADR | Add +21.7% | 1.18% | +0.09 |
| UNCFF Unicredit SPA | New | 0.08% | +0.08 |
| SSNHZ Samsung Electr-GDR Reg S | Add +15.7% | 0.75% | +0.08 |
| HTGC Hercules Capital Inc. | New | 0.08% | +0.08 |
| BYDDY BYD Co. Ltd.-Unsponsored ADR | Add +64.1% | 0.12% | +0.07 |
| PNR Pentair PLC | New | 0.06% | +0.06 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Add +41.8% | 0.29% | +0.05 |
| BKNG Booking Holdings Inc. | New | 0.05% | +0.05 |
| TSLX Sixth Street Specialty Lendi | New | 0.05% | +0.05 |
| FMCQF Fresenius Medical Care AG | New | 0.04% | +0.04 |
| PSEC Prospect Capital Corp. | New | 0.04% | +0.04 |
| MSDL Morgan Stanley Direct Lendin | New | 0.04% | +0.04 |
| ISRG Intuitive Surgical Inc. | New | 0.04% | +0.04 |
| TD Toronto-Dominion Bank | Add +15.4% | 0.25% | +0.04 |
| F Ford Motor Co. | Add +25.0% | 0.28% | +0.04 |
| HCMLF Holcim Ltd. | New | 0.03% | +0.03 |
| RYCEF Rolls-Royce Holdings PLC | New | 0.03% | +0.03 |
| GSBD Goldman Sachs BDC Inc. | New | 0.03% | +0.03 |
| OCSL Oaktree Specialty Lending Co. | New | 0.03% | +0.03 |
| OEZVF Verbund AG | Add +22.1% | 0.38% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 460 | $2.1B | GMYYF, SPY, PSZKF, OTPBF, RSP |
| Q1 2026 | 450 | $1.9B | GMYYF, SPY, PSZKF, RSP, OTPBF |
| Q4 2025 | 396 | $1.4B | SPY, RSP, EBKOF, QQQ, OMVJF |
| Q3 2025 | 383 | $1.3B | SPY, RSP, NVDA, EBKOF, QQQ |
| Q2 2025 | 383 | $1.2B | SPY, RSP, EBKOF, NVDA, QQQ |
| Q1 2025 | 383 | $1.1B | SPY, RSP, EBKOF, OMVJF, MSFT |
| Q4 2024 | 353 | $970.1M | SPY, RSP, EBKOF, MSFT, IVV |