Generali Investments CEE, investicni spolecnost, a.s.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 14, 2026), Generali Investments CEE, investicni spolecnost, a.s. reported 396 stock positions worth $1.4 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 3.8% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 2.6%) and Erste Group Bank (EBKOF, 1.9%). Compared with Q3 2025, it opened 24 new positions, sold out of 11, added to 128 and reduced 76. The biggest buy was Halyk Bank-GDR Reg S (shares +83%) and the biggest sale Advanced Micro Devices (AMD, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- PRAGUE, 2N
- CIK
- 0002047540
- Portfolio Value
- $1.4B (Q4 2025)
- SEC Filing
- 0002047540-26-000001 ↗ filed Jan 14, 2026
Holdings Value
Holdings 396 stocks · $1.4B
| SPY SS SPDR S&P 500 ETF Trust-US | 3.80% | 79,130 | $54.0M | Add +3.0% |
| RSP Invesco S&P 500 Equal Weight | 2.62% | 193,976 | $37.2M | No change |
| EBKOF Erste Group Bank AG | 1.92% | 226,054 | $27.3M | Reduce -12.2% |
| QQQ Invesco QQQ Trust Series 1 | 1.70% | 39,380 | $24.2M | Add +2.3% |
| OMVJF Omv AG | 1.67% | 425,420 | $23.7M | Add +2.2% |
| NVDA Nvidia Corp. | 1.64% | 124,508 | $23.2M | Reduce -10.7% |
| MSFT Microsoft Corp. | 1.45% | 42,509 | $20.6M | Add +5.6% |
| AMZN Amazon.com Inc. | 1.44% | 88,693 | $20.5M | Add +5.9% |
| INPOF Inpost SA | 1.44% | 1,662,975 | $20.4M | Add +9.5% |
| IBB iShares Biotechnology ETF | 1.38% | 116,115 | $19.6M | No change |
| IVV iShares Core S&P 500 ETF | 1.30% | 27,000 | $18.5M | No change |
| AAPL Apple Inc. | 1.24% | 64,491 | $17.5M | Add +1.9% |
| HALYK BANK-GDR REG S filed as Halyk Savings Bank of Kazakhstan JSC | 1.18% | 558,696 | $16.7M | Add +83.3% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 1.05% | 190,773 | $14.9M | Add +2.7% |
| GOOG Alphabet Inc. Class C | 1.02% | 46,006 | $14.4M | Reduce -2.5% |
| VNNVF Vonovia SE | 1.00% | 492,234 | $14.2M | Add +19.2% |
| JPM JPMorgan Chase & Co. | 0.98% | 43,290 | $13.9M | Reduce -9.9% |
| SSNHZ Samsung Electr-GDR Reg S | 0.98% | 6,711 | $13.9M | Reduce -29.6% |
| NATKY Nac Kazatomprom JSC-GDR Regs filed as JOINT STOCK COMPANY NATIONAL GDR | 0.97% | 246,036 | $13.7M | Add +7.4% |
| SAPGF Sap SE | 0.96% | 55,936 | $13.7M | Add +27.3% |
| VWO Vanguard Ftse Emerging Marke | 0.95% | 249,748 | $13.4M | Add +50.9% |
| AMD Advanced Micro Devices | 0.94% | 62,206 | $13.3M | Reduce -41.8% |
| GOOGL Alphabet Inc. Class A | 0.89% | 40,355 | $12.6M | Reduce -14.4% |
| SMAWF Siemens AG-Reg | 0.87% | 43,993 | $12.4M | Reduce -1.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.82% | 102,398 | $11.6M | Add +19.4% |
| AXP American Express Co. | 0.80% | 30,785 | $11.4M | Reduce -2.5% |
| V Visa Inc. Class A | 0.79% | 32,074 | $11.2M | Reduce -1.4% |
| LLY Eli Lilly & Co. | 0.74% | 9,733 | $10.5M | Reduce -9.5% |
| AVGO Broadcom Inc. | 0.72% | 29,702 | $10.3M | Reduce -31.5% |
| META Meta Platforms Inc. Class A | 0.72% | 15,453 | $10.2M | Add +24.5% |
| ICLN iShares Global Clean Energy | 0.72% | 619,000 | $10.2M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.71% | 34,184 | $10.1M | Add +0.1% |
| PEP Pepsico Inc. | 0.70% | 69,505 | $10.0M | Add +8.5% |
| ALLEGRO EU SA | 0.70% | 1,154,032 | $10.0M | Add +21.0% |
| MA Mastercard Inc. Class A | 0.67% | 16,557 | $9.5M | Add +0.4% |
| GRPN Groupon Inc. | 0.66% | 528,089 | $9.3M | Add +147.7% |
| IEMG iShares Core MSCI Emerging | 0.65% | 137,900 | $9.3M | No change |
| EQIX Equinix Inc. | 0.64% | 11,766 | $9.0M | Add +305.7% |
| MCD McDonald's Corp. | 0.62% | 28,978 | $8.9M | Add +6.5% |
| ABBV Abbvie Inc. | 0.61% | 38,038 | $8.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 17,137 | $8.6M | Add +0.9% |
| TTE Totalenergies SE | 0.60% | 131,037 | $8.6M | Add +7.8% |
| TSLA Tesla Inc. | 0.59% | 18,482 | $8.3M | Add +26.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.58% | 27,189 | $8.3M | Reduce -26.0% |
| RWNFF Rwe AG | 0.57% | 153,192 | $8.1M | Reduce -8.6% |
| BCDRF Banco Santander SA | 0.56% | 678,396 | $8.0M | New |
| SBGSF Schneider Electric SE | 0.54% | 27,891 | $7.7M | Add +100.4% |
| BIIB Biogen Inc. | 0.54% | 43,552 | $7.7M | Add +12.4% |
| EADSF Airbus SE | 0.52% | 31,498 | $7.3M | Add +9.8% |
| IBDSF Iberdrola SA | 0.51% | 334,319 | $7.2M | Add +1.3% |
| ENAKF E.on SE | 0.49% | 370,462 | $7.0M | Add +1.8% |
| INGVF ING Groep NV | 0.49% | 247,882 | $7.0M | Add +16.7% |
| GS Goldman Sachs Group Inc. | 0.48% | 7,780 | $6.8M | Reduce -7.1% |
| CVX Chevron Corp. | 0.48% | 44,432 | $6.8M | Reduce -2.3% |
| THLEF Thales SA | 0.48% | 25,064 | $6.8M | Add +16.3% |
| NFLX Netflix Inc. | 0.48% | 72,061 | $6.8M | Add +13.8% |
| IDEXF Industria DE Diseno Textil filed as INDITEX SA | 0.47% | 100,956 | $6.7M | Reduce -43.8% |
| GFI Gold Fields Ltd.-Spons ADR | 0.47% | 152,054 | $6.6M | Reduce -25.0% |
| GILD Gilead Sciences Inc. | 0.47% | 53,896 | $6.6M | Reduce -4.8% |
| PPRUF Kering | 0.46% | 18,617 | $6.6M | Add +11.0% |
| HDB HDFC Bank Ltd.-ADR | 0.46% | 177,418 | $6.5M | Reduce -8.3% |
| CSCO Cisco Systems Inc. | 0.44% | 81,482 | $6.3M | Reduce -21.7% |
| GEN Gen Digital Inc. | 0.44% | 229,278 | $6.2M | Add +20.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.42% | 108,247 | $6.0M | Reduce -32.4% |
| PG The Procter & Gamble Co. | 0.42% | 41,494 | $5.9M | Add +33.6% |
| WELL Welltower Inc. | 0.41% | 31,600 | $5.9M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.41% | 39,736 | $5.8M | Add +10.1% |
| XOM Exxon Mobil Corp. | 0.40% | 47,700 | $5.7M | Reduce -2.0% |
| KO The Coca-Cola Co. | 0.40% | 81,228 | $5.7M | Add +26.4% |
| UBER Uber Technologies Inc. | 0.40% | 69,264 | $5.7M | Add +8.0% |
| WMT Walmart Inc. | 0.40% | 50,475 | $5.6M | Add +10.2% |
| MS Morgan Stanley | 0.39% | 31,174 | $5.5M | Reduce -26.1% |
| VZ Verizon Communications Inc. | 0.39% | 135,784 | $5.5M | Add +21.4% |
| HD Home Depot Inc. | 0.39% | 16,039 | $5.5M | Add +28.4% |
| EBAY eBay Inc. | 0.39% | 63,017 | $5.5M | Add +0.2% |
| TM Toyota Motor Corp. -Spon ADR | 0.39% | 25,639 | $5.5M | Reduce -23.1% |
| RYLPF Koninklijke Philips NV | 0.38% | 196,670 | $5.4M | Add +11.3% |
| C Citigroup Inc. | 0.38% | 45,884 | $5.4M | Add +0.1% |
| FDX FedEx Corp. | 0.38% | 18,523 | $5.4M | Reduce -25.9% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.37% | 67,322 | $5.3M | Reduce -6.5% |
| UNH Unitedhealth Group Inc. | 0.37% | 15,989 | $5.3M | Add +22.1% |
| BLK BlackRock Inc. | 0.37% | 4,900 | $5.2M | Add +942.5% |
| PM Philip Morris International | 0.37% | 32,507 | $5.2M | Add +7.0% |
| INFY Infosys Ltd.-SP ADR | 0.36% | 289,921 | $5.2M | Add +4.9% |
| COST Costco Wholesale Corp. | 0.36% | 5,991 | $5.2M | Add +32.8% |
| PYPL PayPal Holdings Inc. | 0.35% | 85,100 | $5.0M | Add +26.0% |
| CRM Salesforce Inc. | 0.35% | 18,739 | $5.0M | Add +20.6% |
| TXN Texas Instruments Inc. | 0.35% | 28,499 | $4.9M | Add +34.6% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 15,927 | $4.9M | Reduce -15.8% |
| CAT Caterpillar Inc. | 0.34% | 8,374 | $4.8M | Reduce -38.1% |
| QCOM Qualcomm Inc. | 0.34% | 28,036 | $4.8M | Add +7.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 10,491 | $4.8M | No change |
| MELI MercadoLibre Inc. | 0.34% | 2,361 | $4.8M | Reduce -6.3% |
| T AT&T Inc. | 0.33% | 188,292 | $4.7M | Add +41.7% |
| RNMBF Rheinmetall AG | 0.33% | 2,544 | $4.7M | Reduce -1.1% |
| HUUUGE INC filed as Enphase Energy, Inc. | 0.32% | 681,462 | $4.5M | Reduce -43.4% |
| KHC The Kraft Heinz Co. | 0.32% | 186,637 | $4.5M | Add +11.2% |
| NOW ServiceNow Inc. | 0.32% | 29,458 | $4.5M | Add +76.3% |
| HESAF Hermes International | 0.32% | 1,799 | $4.5M | Add +12.5% |
| SPG Simon Property Group Inc. | 0.31% | 24,102 | $4.5M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| AMD Advanced Micro Devices | Reduce -41.8% | 0.94% | −0.38 |
| AVGO Broadcom Inc. | Reduce -31.5% | 0.72% | −0.36 |
| NVDA Nvidia Corp. | Reduce -10.7% | 1.64% | −0.34 |
| ORCL Oracle Corp. | Reduce -25.7% | 0.30% | −0.33 |
| IDEXF Industria DE Diseno Textil | Reduce -43.8% | 0.47% | −0.28 |
| F Ford Motor Co. | Reduce -88.4% | 0.04% | −0.28 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −0.28 |
| HUUUGE INC | Reduce -43.4% | 0.32% | −0.27 |
| HIVE Hive Digital Technologies LT | Reduce -27.2% | 0.20% | −0.26 |
| HPE Hewlett Packard Enterprise | Reduce -46.4% | 0.24% | −0.26 |
| BAC Bank of America Corp. | Reduce -32.4% | 0.42% | −0.21 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -26.0% | 0.58% | −0.20 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -25.0% | 0.47% | −0.18 |
| JPM JPMorgan Chase & Co. | Reduce -9.9% | 0.98% | −0.17 |
| NTTYY NTT Inc. - ADR | Sold out | 0.00% | −0.17 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -20.6% | 0.31% | −0.16 |
| CAT Caterpillar Inc. | Reduce -38.1% | 0.34% | −0.15 |
| SPOT Spotify Technology SA | Reduce -13.0% | 0.27% | −0.13 |
| RNMBF Rheinmetall AG | Reduce -1.1% | 0.33% | −0.13 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.12 |
| MS Morgan Stanley | Reduce -26.1% | 0.39% | −0.12 |
| MELI MercadoLibre Inc. | Reduce -6.3% | 0.34% | −0.11 |
| SSNHZ Samsung Electr-GDR Reg S | Reduce -29.6% | 0.98% | −0.11 |
| LULU Lululemon Athletica Inc. | Reduce -92.8% | 0.01% | −0.11 |
| CSCO Cisco Systems Inc. | Reduce -21.7% | 0.44% | −0.10 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -23.1% | 0.39% | −0.10 |
| GE General Electric | Reduce -15.8% | 0.35% | −0.09 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -25.4% | 0.17% | −0.08 |
| NTES Netease Inc.-ADR | Reduce -29.8% | 0.11% | −0.08 |
| KB KB Financial Group Inc.-ADR | Reduce -30.9% | 0.15% | −0.07 |
| FDX FedEx Corp. | Reduce -25.9% | 0.38% | −0.07 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.07 |
| CVX Chevron Corp. | Reduce -2.3% | 0.48% | −0.06 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -29.6% | 0.09% | −0.05 |
| BIDU Baidu Inc. - Spon ADR | Reduce -36.6% | 0.07% | −0.05 |
| V Visa Inc. Class A | Reduce -1.4% | 0.79% | −0.05 |
| SMAWF Siemens AG-Reg | Reduce -1.8% | 0.87% | −0.05 |
| HDB HDFC Bank Ltd.-ADR | Reduce -8.3% | 0.46% | −0.05 |
| K Kellanova | Sold out | 0.00% | −0.05 |
| SCCO Southern Copper Corp. | Reduce -37.4% | 0.10% | −0.04 |
| SBS Cia Saneamento Basico DE-ADR | Reduce -11.4% | 0.16% | −0.04 |
| HNHPF Hon Hai Precision-GDR Reg S | Reduce -52.3% | 0.04% | −0.04 |
| KT KT Corp.-SP ADR | Reduce -53.5% | 0.03% | −0.04 |
| BBD Banco Bradesco-ADR | Reduce -58.4% | 0.03% | −0.04 |
| JD Jd.com Inc.-ADR | Reduce -25.3% | 0.06% | −0.04 |
| UMC United Microelectron-SP ADR | Reduce -40.1% | 0.06% | −0.04 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -44.5% | 0.07% | −0.04 |
| LPL LG Display Co. Ltd.-ADR | Reduce -41.3% | 0.02% | −0.03 |
| AMX America Movil Sab DE CV | Reduce -35.4% | 0.04% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -7.1% | 0.48% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| HALYK BANK-GDR REG S | Add +83.3% | 1.18% | +0.60 |
| BCDRF Banco Santander SA | New | 0.56% | +0.56 |
| EQIX Equinix Inc. | Add +305.7% | 0.64% | +0.46 |
| BLK BlackRock Inc. | Add +942.5% | 0.37% | +0.33 |
| GRPN Groupon Inc. | Add +147.7% | 0.66% | +0.28 |
| DE Deere & Co. | New | 0.27% | +0.27 |
| MNST Monster Beverage Corp. | New | 0.27% | +0.27 |
| NDAQ Nasdaq Inc. | New | 0.27% | +0.27 |
| VWO Vanguard Ftse Emerging Marke | Add +50.9% | 0.95% | +0.26 |
| SHOP Shopify Inc. Class A | New | 0.26% | +0.26 |
| BKNG Booking Holdings Inc. | Add +579.3% | 0.31% | +0.26 |
| SBGSF Schneider Electric SE | Add +100.4% | 0.54% | +0.25 |
| LDNXF London Stock Exchange Group | Add +594.2% | 0.29% | +0.24 |
| AIR ASTANA JSC - GDR | Add +709.2% | 0.23% | +0.21 |
| CL Colgate-Palmolive Co. | Add +100.6% | 0.29% | +0.13 |
| BIIB Biogen Inc. | Add +12.4% | 0.54% | +0.13 |
| UPS United Parcel Service Class B | Add +104.3% | 0.23% | +0.13 |
| ACN Accenture PLC Class A | Add +59.7% | 0.29% | +0.11 |
| LLDTF Lloyds Banking Group PLC | New | 0.10% | +0.10 |
| UNLYF Unilever PLC | New | 0.10% | +0.10 |
| SPB Spectrum Brands Holdings Inc. | Add +91.7% | 0.20% | +0.10 |
| HPQ HP Inc. | Add +110.9% | 0.26% | +0.10 |
| AOMFF Alstom | Add +351.6% | 0.12% | +0.10 |
| NKE Nike Inc. Class B | Add +85.6% | 0.26% | +0.09 |
| NSRGY Nestle SA-Spons ADR | Add +57.1% | 0.26% | +0.09 |
| TSLA Tesla Inc. | Add +26.7% | 0.59% | +0.09 |
| BBVXF Banco Bilbao Vizcaya Argenta | New | 0.09% | +0.09 |
| MMM 3M Co. | Add +53.3% | 0.28% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | New | 0.08% | +0.08 |
| NOW ServiceNow Inc. | Add +76.3% | 0.32% | +0.08 |
| SBUX Starbucks Corp. | Add +53.6% | 0.27% | +0.08 |
| KO The Coca-Cola Co. | Add +26.4% | 0.40% | +0.08 |
| VCISF Vinci SA | Add +86.3% | 0.17% | +0.07 |
| DIS The Walt Disney Co. | Add +19.4% | 0.82% | +0.07 |
| INGVF ING Groep NV | Add +16.7% | 0.49% | +0.07 |
| ADBE Adobe Inc. | Add +40.5% | 0.31% | +0.07 |
| SAPGF Sap SE | Add +27.3% | 0.96% | +0.07 |
| CRM Salesforce Inc. | Add +20.6% | 0.35% | +0.07 |
| ACWI iShares MSCI Acwi ETF | Add +232.0% | 0.10% | +0.07 |
| ADP Automatic Data Processing | Add +64.0% | 0.27% | +0.07 |
| SCGLF Societe Generale SA | Add +214.0% | 0.09% | +0.06 |
| KGC Kinross Gold Corp. | Add +157.2% | 0.09% | +0.06 |
| PG The Procter & Gamble Co. | Add +33.6% | 0.42% | +0.06 |
| PROSF Prosus NV | Add +125.8% | 0.12% | +0.06 |
| TXN Texas Instruments Inc. | Add +34.6% | 0.35% | +0.05 |
| MSCI MSCI Inc. | Add +36.4% | 0.24% | +0.05 |
| PRYMF Prysmian SPA | Add +78.8% | 0.12% | +0.05 |
| B Barrick Mining Corp. | Add +3.1% | 0.23% | +0.05 |
| COST Costco Wholesale Corp. | Add +32.8% | 0.36% | +0.05 |
| T AT&T Inc. | Add +41.7% | 0.33% | +0.04 |
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 |