Generali Investments CEE, investicni spolecnost, a.s.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Generali Investments CEE, investicni spolecnost, a.s. reported 383 stock positions worth $1.3 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 3.9% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 2.8%) and Nvidia (NVDA, 2.0%). Compared with Q2 2025, it opened 17 new positions, sold out of 17, added to 77 and reduced 128. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +112%) and the biggest sale Pepco (shares −91%).

Most Recent 13F
Q2 2026
Location
PRAGUE, 2N
CIK
0002047540
Portfolio Value
$1.3B (Q3 2025)
SEC Filing
0002047540-25-000008 ↗ filed Oct 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q4 2024: $970.1M Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B $1.3B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 383 stocks · $1.3B
SPY SS SPDR S&P 500 ETF Trust-US 3.89% 76,800 $51.2M No change
RSP Invesco S&P 500 Equal Weight 2.80% 193,976 $36.8M No change
NVDA Nvidia Corp. 1.98% 139,407 $26.0M Reduce -10.0%
EBKOF Erste Group Bank AG 1.91% 257,494 $25.1M Reduce -12.7%
QQQ Invesco QQQ Trust Series 1 1.76% 38,486 $23.1M Add +1.4%
OMVJF Omv AG 1.69% 416,420 $22.2M Add +17.9%
MSFT Microsoft Corp. 1.59% 40,247 $20.8M Reduce -3.7%
INPOF Inpost SA 1.42% 1,518,865 $18.6M Add +58.3%
AMZN Amazon.com Inc. 1.40% 83,786 $18.4M Reduce -0.4%
IVV iShares Core S&P 500 ETF 1.38% 27,000 $18.1M No change
AMD Advanced Micro Devices 1.32% 106,807 $17.3M Add +4.0%
IBB iShares Biotechnology ETF 1.28% 116,115 $16.8M No change
AAPL Apple Inc. 1.23% 63,268 $16.1M Reduce -8.1%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 1.16% 185,837 $15.2M Add +10.3%
JPM JPMorgan Chase & Co. 1.15% 48,059 $15.2M Reduce -2.2%
AVGO Broadcom Inc. 1.09% 43,366 $14.3M Reduce -4.9%
SSNHZ Samsung Electr-GDR Reg S 1.08% 9,536 $14.2M Add +3.0%
VNNVF Vonovia SE 0.98% 413,091 $12.8M Add +3.9%
NATKY Nac Kazatomprom JSC-GDR Regs 0.93% 229,059 $12.2M Reduce -2.6%
SMAWF Siemens AG-Reg 0.92% 44,788 $12.1M Add +0.4%
SAPGF Sap SE 0.89% 43,942 $11.7M Add +21.6%
GOOG Alphabet Inc. Class C 0.87% 47,190 $11.5M Reduce -2.3%
GOOGL Alphabet Inc. Class A 0.87% 47,120 $11.5M Reduce -19.9%
V Visa Inc. Class A 0.85% 32,545 $11.1M Add +2.1%
AXP American Express Co. 0.80% 31,592 $10.5M Reduce -1.5%
TSM Taiwan Semiconductor-SP ADR 0.78% 36,739 $10.3M Add +2.1%
IDEXF Industria DE Diseno Textil filed as INDITEX 0.75% 179,714 $9.9M Add +53.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.75% 85,756 $9.8M Reduce -8.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.73% 34,138 $9.6M Reduce -0.0%
ICLN iShares Global Clean Energy 0.73% 619,000 $9.6M No change
MA Mastercard Inc. Class A 0.71% 16,495 $9.4M Reduce -1.3%
ALLEGRO EU SA 0.71% 954,032 $9.3M Reduce -18.4%
META Meta Platforms Inc. Class A 0.69% 12,410 $9.1M Add +0.4%
IEMG iShares Core MSCI Emerging 0.69% 137,900 $9.1M No change
PEP Pepsico Inc. 0.68% 64,075 $9.0M Add +20.9%
VWO Vanguard Ftse Emerging Marke 0.68% 165,500 $9.0M No change
ABBV Abbvie Inc. 0.67% 38,038 $8.8M Reduce -1.2%
BRK.B Berkshire Hathaway Inc. Class B 0.65% 16,980 $8.5M Add +15.6%
GFI Gold Fields Ltd.-Spons ADR 0.65% 202,723 $8.5M Reduce -2.5%
MCD McDonald's Corp. 0.63% 27,196 $8.3M Add +32.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.63% 160,185 $8.3M Reduce -1.1%
LLY Eli Lilly & Co. 0.62% 10,755 $8.2M Add +2.9%
ORCL Oracle Corp. 0.62% 29,026 $8.2M Reduce -1.6%
HUUUGE INC 0.59% 1,203,354 $7.7M Reduce -0.1%
HALYK BANK-GDR REG S filed as Halyk Savings Bank of Kazakhstan JSC 0.58% 304,866 $7.7M Add +0.0%
NFLX Netflix Inc. 0.58% 6,330 $7.6M Add +11.8%
RWNFF Rwe AG 0.57% 167,658 $7.5M Reduce -0.6%
TTE Totalenergies SE 0.56% 121,593 $7.4M Reduce -2.9%
CSCO Cisco Systems Inc. 0.54% 104,030 $7.1M Reduce -2.4%
CVX Chevron Corp. 0.54% 45,457 $7.1M Add +58.1%
ENAKF E.on SE 0.52% 363,962 $6.8M No change
THLEF Thales SA 0.51% 21,552 $6.7M Add +6.4%
MS Morgan Stanley 0.51% 42,174 $6.7M Add +48.5%
GS Goldman Sachs Group Inc. 0.51% 8,372 $6.7M Add +12.2%
EADSF Airbus SE 0.51% 28,678 $6.6M Reduce -3.5%
HDB HDFC Bank Ltd.-ADR 0.50% 193,578 $6.6M Reduce -2.4%
HPE Hewlett Packard Enterprise 0.50% 266,800 $6.6M Add +11.2%
TSLA Tesla Inc. 0.49% 14,585 $6.5M Reduce -18.1%
CAT Caterpillar Inc. 0.49% 13,531 $6.5M Reduce -17.0%
BABA Alibaba Group Holding-SP ADR 0.49% 36,095 $6.5M Add +111.7%
TM Toyota Motor Corp. -Spon ADR 0.48% 33,320 $6.4M Add +0.5%
UBER Uber Technologies Inc. 0.48% 64,164 $6.3M Add +0.5%
GILD Gilead Sciences Inc. 0.48% 56,625 $6.3M Reduce -3.2%
IBDSF Iberdrola SA 0.47% 329,954 $6.2M Add +3.5%
TCEHY Tencent Holdings Ltd.-Uns ADR 0.47% 72,191 $6.1M Reduce -4.7%
HIVE Hive Digital Technologies LT 0.46% 1,492,481 $6.0M Add +19.9%
RNMBF Rheinmetall AG 0.45% 2,571 $6.0M Reduce -12.4%
FDX FedEx Corp. 0.45% 24,980 $5.9M Add +4.5%
MELI MercadoLibre Inc. 0.45% 2,520 $5.9M No change
EBAY eBay Inc. 0.44% 62,881 $5.7M Reduce -1.8%
GE General Electric filed as GE AEROSPACE 0.43% 18,927 $5.7M Reduce -1.4%
WELL Welltower Inc. 0.43% 31,600 $5.6M No change
PPRUF Kering 0.42% 16,773 $5.6M No change
INGVF ING Groep NV 0.42% 212,482 $5.5M Reduce -2.6%
XOM Exxon Mobil Corp. 0.42% 48,700 $5.5M No change
BIIB Biogen Inc. 0.41% 38,755 $5.4M No change
GEN Gen Digital Inc. 0.41% 190,512 $5.4M Add +12.0%
SPOT Spotify Technology SA 0.40% 7,504 $5.2M Add +7.1%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.39% 72,000 $5.1M Reduce -27.6%
HD Home Depot Inc. 0.39% 12,490 $5.1M Reduce -1.9%
GRPN Groupon Inc. 0.38% 213,193 $5.0M Add +66.5%
PM Philip Morris International 0.37% 30,371 $4.9M Add +1.2%
VZ Verizon Communications Inc. 0.37% 111,878 $4.9M Reduce -0.7%
RYLPF Koninklijke Philips NV 0.36% 176,670 $4.8M Add +12.7%
PG The Procter & Gamble Co. 0.36% 31,067 $4.8M Reduce -5.7%
WMT Walmart Inc. 0.36% 45,785 $4.7M Reduce -3.8%
C Citigroup Inc. 0.35% 45,819 $4.7M Add +14.6%
PYPL PayPal Holdings Inc. 0.34% 67,523 $4.5M Add +0.3%
SPG Simon Property Group Inc. 0.34% 24,102 $4.5M No change
UNH Unitedhealth Group Inc. 0.34% 13,098 $4.5M Add +1.9%
INFY Infosys Ltd.-SP ADR 0.34% 276,485 $4.5M Reduce -0.6%
OEZVF Verbund AG 0.34% 61,054 $4.4M Add +5.3%
TEFOF Telefonica SA 0.33% 849,872 $4.4M No change
KHC The Kraft Heinz Co. 0.33% 167,773 $4.4M No change
QCOM Qualcomm Inc. 0.33% 26,036 $4.3M Reduce -4.9%
KO The Coca-Cola Co. 0.32% 64,253 $4.3M Reduce -0.6%
DELL Dell Technologies -C 0.32% 30,000 $4.3M No change
SONY Sony Group Corp. - SP ADR 0.32% 145,750 $4.2M No change
F Ford Motor Co. filed as FORD MTR CO 0.32% 350,000 $4.2M Reduce -16.7%
COST Costco Wholesale Corp. 0.32% 4,510 $4.2M Reduce -2.3%

Show all 383 holdings

Portfolio Sells Q2 2025 → Q3 2025
PEPCO GROUP NV Reduce -91.1% 0.02% −0.22
ALLEGRO EU SA Reduce -18.4% 0.71% −0.21
DIS The Walt Disney Co. Reduce -8.4% 0.75% −0.21
HES Hess Corp. Sold out 0.00% −0.19
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.17
EBKOF Erste Group Bank AG Reduce -12.7% 1.91% −0.15
MSFT Microsoft Corp. Reduce -3.7% 1.59% −0.12
HDB HDFC Bank Ltd.-ADR Reduce -2.4% 0.50% −0.12
AMZN Amazon.com Inc. Reduce -0.4% 1.40% −0.12
ACN Accenture PLC Class A Reduce -20.3% 0.18% −0.12
RLNIY Reliance Inds-Spons GDR 144A Reduce -35.2% 0.12% −0.11
HSBC HSBC Holdings PLC-Spons ADR Reduce -27.6% 0.39% −0.11
TXN Texas Instruments Inc. Reduce -7.6% 0.30% −0.10
IBM Intl Business Machines Corp. Reduce -0.0% 0.73% −0.09
DE Deere & Co. Sold out 0.00% −0.08
INTU Intuit Inc. Reduce -4.2% 0.27% −0.08
INFY Infosys Ltd.-SP ADR Reduce -0.6% 0.34% −0.08
CRM Salesforce Inc. Reduce -2.5% 0.28% −0.08
IBN Icici Bank Ltd.-Spon ADR Reduce -7.1% 0.25% −0.07
TTE Totalenergies SE Reduce -2.9% 0.56% −0.07
ARCC Ares Capital Corp. Reduce -8.9% 0.25% −0.07
PG The Procter & Gamble Co. Reduce -5.7% 0.36% −0.07
CSCO Cisco Systems Inc. Reduce -2.4% 0.54% −0.07
HXSCL SK Hynix Inc.-GDS Reg S Reduce -37.0% 0.14% −0.07
ADBE Adobe Inc. Reduce -6.4% 0.24% −0.06
HESAF Hermes International Reduce -0.1% 0.30% −0.06
COST Costco Wholesale Corp. Reduce -2.3% 0.32% −0.06
MA Mastercard Inc. Class A Reduce -1.3% 0.71% −0.06
F Ford Motor Co. Reduce -16.7% 0.32% −0.06
GILD Gilead Sciences Inc. Reduce -3.2% 0.48% −0.06
RNMBF Rheinmetall AG Reduce -12.4% 0.45% −0.05
NOW ServiceNow Inc. Reduce -1.7% 0.23% −0.05
AMAT Applied Materials Inc. Sold out 0.00% −0.05
KO The Coca-Cola Co. Reduce -0.6% 0.32% −0.05
FSK FS KKR Capital Corp. Reduce -10.6% 0.07% −0.05
CL Colgate-Palmolive Co. Reduce -4.3% 0.16% −0.05
BXSL Blackstone Secured Lending F Reduce -9.8% 0.10% −0.04
AXP American Express Co. Reduce -1.5% 0.80% −0.04
TD Toronto-Dominion Bank Reduce -13.2% 0.28% −0.04
ESOCF Enel SPA Reduce -4.6% 0.29% −0.04
NSRGF Nestle SA-Reg Reduce -4.1% 0.18% −0.04
OBDC Blue Owl Capital Corp. Reduce -9.1% 0.12% −0.04
AGI Alamos Gold Inc. Class A Reduce -57.6% 0.04% −0.04
T AT&T Inc. Reduce -1.5% 0.29% −0.04
HCMLF Holcim Ltd. Sold out 0.00% −0.03
RY Royal Bank of Canada Reduce -14.3% 0.27% −0.03
ROCHE HOLDING AG-GENUSSCHEIN Reduce -10.3% 0.16% −0.03
NVDA Nvidia Corp. Reduce -10.0% 1.98% −0.03
RACE Ferrari NV Reduce -0.1% 0.31% −0.03
CAT Caterpillar Inc. Reduce -17.0% 0.49% −0.03

Portfolio Buys Q2 2025 → Q3 2025
BABA Alibaba Group Holding-SP ADR Add +111.7% 0.49% +0.33
HIVE Hive Digital Technologies LT Add +19.9% 0.46% +0.27
IDEXF Industria DE Diseno Textil Add +53.2% 0.75% +0.25
SSNHZ Samsung Electr-GDR Reg S Add +3.0% 1.08% +0.25
CVX Chevron Corp. Add +58.1% 0.54% +0.20
MARA Mara Holdings Inc. New 0.19% +0.19
MS Morgan Stanley Add +48.5% 0.51% +0.18
MCD McDonald's Corp. Add +32.1% 0.63% +0.13
AMD Advanced Micro Devices Add +4.0% 1.32% +0.12
NEM Newmont Corp. Add +17.0% 0.31% +0.11
TSM Taiwan Semiconductor-SP ADR Add +2.1% 0.78% +0.11
PEP Pepsico Inc. Add +20.9% 0.68% +0.11
OMVJF Omv AG Add +17.9% 1.69% +0.11
FINMF Leonardo SPA Add +206.5% 0.16% +0.11
INPOF Inpost SA Add +58.3% 1.42% +0.11
HPE Hewlett Packard Enterprise Add +11.2% 0.50% +0.10
BMNR Bitmine Immersion Technologi New 0.09% +0.09
PFE Pfizer Inc. Add +76.4% 0.21% +0.09
NEE Nextera Energy Inc. New 0.08% +0.08
C Citigroup Inc. Add +14.6% 0.35% +0.07
GS Goldman Sachs Group Inc. Add +12.2% 0.51% +0.07
BRK.B Berkshire Hathaway Inc. Class B Add +15.6% 0.65% +0.06
APP AppLovin Corp. Class A New 0.06% +0.06
YUM Yum! Brands Inc. Add +37.5% 0.25% +0.06
AU Anglogold Ashanti PLC Add +28.3% 0.13% +0.06
PRYMF Prysmian SPA Add +316.7% 0.07% +0.06
RYLPF Koninklijke Philips NV Add +12.7% 0.36% +0.05
PBR Petroleo Brasileiro-Spon ADR Add +65.1% 0.15% +0.05
BIDU Baidu Inc. - Spon ADR Add +12.5% 0.13% +0.05
HON Honeywell International Inc. New 0.04% +0.04
IQV Iqvia Holdings Inc. New 0.04% +0.04
CFRHF Cie Financiere Richemo-A Reg Add +159.0% 0.07% +0.04
QQQ Invesco QQQ Trust Series 1 Add +1.4% 1.76% +0.04
VCISF Vinci SA Add +78.1% 0.10% +0.04
MRVL Marvell Technology Inc. New 0.03% +0.03
ZABKA GROUP SA Add +49.9% 0.10% +0.03
MTD Mettler-Toledo International New 0.03% +0.03
SRPT Sarepta Therapeutics Inc. Add +17.4% 0.18% +0.03
ACWI iShares MSCI Acwi ETF New 0.03% +0.03
SBET Sharplink Inc. New 0.03% +0.03
HNHPF Hon Hai Precision-GDR Reg S Add +33.3% 0.08% +0.03
AIG American International Group Add +260.0% 0.04% +0.03
HMY Harmony Gold MNG-Spon ADR Add +426.1% 0.03% +0.03
K Kellanova Add +161.4% 0.05% +0.03
GRPN Groupon Inc. Add +66.5% 0.38% +0.03
DPZ Domino's Pizza Inc. New 0.03% +0.03
RTX RTX Corp. Add +22.6% 0.11% +0.02
MFE-MEDIAFOREUROPE NV-CL A New 0.02% +0.02
THLEF Thales SA Add +6.4% 0.51% +0.02
OTF Blue Owl Technology Finance New 0.02% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 460$2.1BGMYYF, SPY, PSZKF, OTPBF, RSP
Q1 2026 450$1.9BGMYYF, SPY, PSZKF, RSP, OTPBF
Q4 2025 396$1.4BSPY, RSP, EBKOF, QQQ, OMVJF
Q3 2025 383$1.3BSPY, RSP, NVDA, EBKOF, QQQ
Q2 2025 383$1.2BSPY, RSP, EBKOF, NVDA, QQQ
Q1 2025 383$1.1BSPY, RSP, EBKOF, OMVJF, MSFT
Q4 2024 353$970.1MSPY, RSP, EBKOF, MSFT, IVV