Generali Investments CEE, investicni spolecnost, a.s.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), Generali Investments CEE, investicni spolecnost, a.s. reported 450 stock positions worth $1.9 billion. Its top holding was Moneta Money Bank As (GMYYF) at 5.1% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 2.7%) and Pko Bank Polski (PSZKF, 2.3%). Compared with Q4 2025, it opened 64 new positions, sold out of 10, added to 94 and reduced 109. The biggest buy was a new position in Moneta Money Bank As (GMYYF) and the biggest sale Erste Group Bank (EBKOF, shares −6%).

Most Recent 13F
Q2 2026
Location
PRAGUE, 2N
CIK
0002047540
Portfolio Value
$1.9B (Q1 2026)
SEC Filing
0002047540-26-000003 ↗ filed Apr 15, 2026

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 Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.9B $1.9B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 450 stocks · $1.9B
GMYYF Moneta Money Bank As 5.05% 11,074,581 $96.2M New
SPY SS SPDR S&P 500 ETF Trust-US 2.70% 79,130 $51.5M No change
PSZKF Pko Bank Polski SA filed as Powszechna Kasa Oszczednosci Bank Polski SA 2.27% 1,845,707 $43.2M New
RSP Invesco S&P 500 Equal Weight 1.95% 193,976 $37.2M No change
OTPBF Otp Bank PLC 1.77% 316,521 $33.7M New
BKPKF Bank Pekao SA filed as Bank Polska Kasa Opieki SA 1.75% 569,780 $33.4M New
OMVJF Omv AG 1.61% 419,204 $30.6M Reduce -1.5%
BKZHF Erste Bank Polska SA filed as Santander Bank Polska SA 1.30% 157,755 $24.8M New
QQQ Invesco QQQ Trust Series 1 1.20% 39,748 $22.9M Add +0.9%
EBKOF Erste Group Bank AG 1.19% 212,369 $22.7M Reduce -6.0%
NVDA Nvidia Corp. 1.13% 122,902 $21.4M Reduce -1.3%
AMZN Amazon.com Inc. 1.11% 101,154 $21.1M Add +14.1%
PWZYF Powszechny Zaklad Ubezpiecze filed as PZU 1.06% 1,172,149 $20.2M New
MSFT Microsoft Corp. 1.06% 54,384 $20.1M Add +27.9%
CSGNF CSG NV 1.05% 744,384 $20.1M New
IBB iShares Biotechnology ETF 1.03% 116,115 $19.6M No change
KMERF Komercni Banka As 1.02% 383,519 $19.5M New
LPGDF LPP SA 1.02% 3,236 $19.4M New
INPOF Inpost SA 1.01% 1,100,942 $19.2M Reduce -33.8%
KGHPF KGHM Polska Miedz SA 0.97% 256,049 $18.5M New
IVV iShares Core S&P 500 ETF 0.93% 27,000 $17.6M No change
DTEGF Deutsche Telekom AG-Reg 0.91% 464,430 $17.3M New
HALYK BANK-GDR REG S filed as HALYK SAVING-GDR 0.90% 549,414 $17.1M Reduce -1.7%
AAPL Apple Inc. 0.86% 64,613 $16.4M Add +0.2%
NATKY Nac Kazatomprom JSC-GDR Regs 0.80% 196,339 $15.3M Reduce -20.2%
RGEDF Richter Gedeon NYRT filed as GEDEON RICHTER NYRT. 0.79% 422,006 $15.0M New
SSNHZ Samsung Electr-GDR Reg S 0.78% 5,239 $14.9M Reduce -21.9%
SMAWF Siemens AG-Reg 0.73% 56,861 $13.9M Add +29.3%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.73% 187,568 $13.9M Reduce -1.7%
VWO Vanguard Ftse Emerging Marke 0.71% 249,748 $13.5M No change
VNNVF Vonovia SE 0.69% 522,052 $13.2M Add +6.1%
AVGO Broadcom Inc. 0.69% 42,396 $13.1M Add +42.7%
AMD Advanced Micro Devices 0.68% 63,875 $13.0M Add +2.7%
ASMLF ASML Holding NV filed as ASML Hldgs NV Ord 0.68% 10,008 $12.9M New
GOOG Alphabet Inc. Class C 0.65% 43,181 $12.4M Reduce -6.1%
JPM JPMorgan Chase & Co. 0.64% 41,765 $12.3M Reduce -3.5%
TTE Totalenergies SE 0.64% 131,037 $12.3M No change
BUDFF Anheuser-Busch Inbev SA 0.64% 175,509 $12.1M New
SAPGF Sap SE 0.61% 67,548 $11.6M Add +20.8%
EQIX Equinix Inc. 0.61% 11,766 $11.5M No change
ICLN iShares Global Clean Energy 0.59% 619,000 $11.3M No change
DELL Dell Technologies -C 0.56% 64,845 $10.6M Add +102.6%
PEP Pepsico Inc. 0.56% 68,331 $10.6M Reduce -1.7%
ALIZF Allianz SE-Reg 0.55% 25,137 $10.5M New
GPDNF Danone filed as GROUPE DANONE 0.54% 128,012 $10.2M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.51% 101,060 $9.7M Reduce -1.3%
GOOGL Alphabet Inc. Class A 0.50% 33,421 $9.6M Reduce -17.2%
RWNFF Rwe AG 0.49% 140,482 $9.4M Reduce -8.3%
LVMHF LVMH Moet Hennessy Louis Vui 0.49% 17,485 $9.4M New
ADDDF Adidas AG 0.49% 58,169 $9.3M New
V Visa Inc. Class A 0.48% 30,543 $9.2M Reduce -4.8%
B Barrick Mining Corp. 0.48% 224,707 $9.2M Add +198.0%
CVX Chevron Corp. 0.48% 44,290 $9.2M Reduce -0.3%
AXP American Express Co. 0.47% 29,884 $9.0M Reduce -2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.47% 36,917 $8.9M Add +8.0%
DNOPF Dino Polska SA 0.47% 992,960 $8.9M New
META Meta Platforms Inc. Class A 0.47% 15,512 $8.9M Add +0.4%
MCD McDonald's Corp. 0.45% 27,884 $8.7M Reduce -3.8%
TSM Taiwan Semiconductor-SP ADR 0.45% 25,605 $8.7M Reduce -5.8%
HXSCL SK Hynix Inc.-GDS Reg S 0.45% 14,422 $8.5M Add +114.5%
LLY Eli Lilly & Co. 0.45% 9,233 $8.5M Reduce -5.1%
ENAKF E.on SE 0.44% 377,587 $8.3M Add +1.9%
OTGLF CD Projekt Red SA 0.44% 130,144 $8.3M New
LDNXF London Stock Exchange Group 0.43% 70,478 $8.3M Add +109.3%
XOM Exxon Mobil Corp. 0.42% 47,700 $8.1M No change
MA Mastercard Inc. Class A 0.42% 16,074 $8.0M Reduce -2.9%
BCDRF Banco Santander SA 0.42% 731,982 $8.0M Add +7.9%
BIIB Biogen Inc. 0.42% 43,552 $8.0M No change
ABBV Abbvie Inc. 0.42% 36,634 $8.0M Reduce -3.7%
IBDSF Iberdrola SA 0.41% 342,600 $7.8M Add +2.5%
BRK.B Berkshire Hathaway Inc. Class B 0.40% 15,942 $7.6M Reduce -7.0%
GRPN Groupon Inc. 0.40% 636,779 $7.6M Add +20.6%
SBGSF Schneider Electric SE 0.40% 28,532 $7.6M Add +2.3%
GILD Gilead Sciences Inc. 0.39% 53,896 $7.5M No change
THLEF Thales SA 0.39% 25,657 $7.5M Add +2.4%
IDEXF Industria DE Diseno Textil filed as INDITEX SA 0.39% 130,202 $7.4M Add +29.0%
VZ Verizon Communications Inc. 0.38% 145,680 $7.3M Add +7.3%
RYLPF Koninklijke Philips NV 0.38% 269,402 $7.3M Add +37.0%
CZAVF Cez As 0.38% 126,747 $7.2M New
KO The Coca-Cola Co. 0.37% 92,524 $7.0M Add +13.9%
PSKOF Orlen SA filed as Polski Koncern Naftowy Orlen SA 0.37% 193,596 $7.0M New
EADSF Airbus SE 0.36% 37,035 $6.9M Add +17.6%
MOLFF Mol Hungarian Oil and Gas PL 0.36% 571,619 $6.8M New
GFI Gold Fields Ltd.-Spons ADR 0.35% 147,554 $6.7M Reduce -3.0%
FDX FedEx Corp. 0.35% 18,693 $6.7M Add +0.9%
ALLEGRO EU SA 0.35% 933,308 $6.6M Reduce -19.1%
BAMXF Bayerische Motoren Werke AG 0.34% 70,201 $6.4M New
WELL Welltower Inc. 0.33% 31,600 $6.2M No change
NFLX Netflix Inc. 0.33% 64,502 $6.2M Reduce -10.5%
C Citigroup Inc. 0.32% 54,392 $6.2M Add +18.5%
SONY Sony Group Corp. - SP ADR 0.31% 289,117 $6.0M Add +75.3%
TSLA Tesla Inc. 0.31% 15,941 $5.9M Reduce -13.8%
GS Goldman Sachs Group Inc. 0.31% 6,976 $5.9M Reduce -10.3%
PPRUF Kering 0.31% 19,870 $5.9M Add +6.7%
EBAY eBay Inc. 0.31% 63,917 $5.8M Add +1.4%
TEFOF Telefonica SA 0.30% 1,321,630 $5.8M Add +55.5%
INGVF ING Groep NV 0.30% 224,482 $5.7M Reduce -9.4%
MS Morgan Stanley 0.30% 34,174 $5.6M Add +9.6%
COST Costco Wholesale Corp. 0.29% 5,581 $5.6M Reduce -6.8%
SPB Spectrum Brands Holdings Inc. 0.29% 74,956 $5.5M Add +56.4%

Show all 450 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $2.7M (not counted above)
SecurityClassShares / PrincipalValueChange
POAHF Porsche Automobil HLDG-PRF COM 68,233$2.5MNew
VLKPF Volkswagen AG-Pref COM 2,000$203KNew

Total filed on the 13F, all lines: $1.9B.

Portfolio Sells Q4 2025 → Q1 2026
EBKOF Erste Group Bank AG Reduce -6.0% 1.19% −0.73
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.65
NVDA Nvidia Corp. Reduce -1.3% 1.13% −0.51
INPOF Inpost SA Reduce -33.8% 1.01% −0.43
GOOGL Alphabet Inc. Class A Reduce -17.2% 0.50% −0.39
GOOG Alphabet Inc. Class C Reduce -6.1% 0.65% −0.37
ALLEGRO EU SA Reduce -19.1% 0.35% −0.35
JPM JPMorgan Chase & Co. Reduce -3.5% 0.64% −0.34
AXP American Express Co. Reduce -2.9% 0.47% −0.33
KSPI JSC Kaspi.kz ADR Reduce -1.7% 0.73% −0.32
DIS The Walt Disney Co. Reduce -1.3% 0.51% −0.31
V Visa Inc. Class A Reduce -4.8% 0.48% −0.31
LLY Eli Lilly & Co. Reduce -5.1% 0.45% −0.29
HALYK BANK-GDR REG S Reduce -1.7% 0.90% −0.28
TSLA Tesla Inc. Reduce -13.8% 0.31% −0.27
HDB HDFC Bank Ltd.-ADR Reduce -9.2% 0.21% −0.25
MA Mastercard Inc. Class A Reduce -2.9% 0.42% −0.24
VTRS Viatris Inc. Reduce -82.1% 0.04% −0.21
BRK.B Berkshire Hathaway Inc. Class B Reduce -7.0% 0.40% −0.21
RY Royal Bank of Canada Reduce -53.7% 0.10% −0.20
MSCI MSCI Inc. Reduce -77.3% 0.04% −0.20
ROCHE HOLDING AG-GENUSSCHEIN Sold out 0.00% −0.20
CRM Salesforce Inc. Reduce -17.5% 0.15% −0.20
UBER Uber Technologies Inc. Reduce -23.0% 0.20% −0.20
SSNHZ Samsung Electr-GDR Reg S Reduce -21.9% 0.78% −0.20
BAC Bank of America Corp. Reduce -18.8% 0.23% −0.19
ABBV Abbvie Inc. Reduce -3.7% 0.42% −0.19
NOVA LJUBLJANSKA B-GDR REG S Sold out 0.00% −0.19
INTU Intuit Inc. Reduce -29.9% 0.10% −0.19
INGVF ING Groep NV Reduce -9.4% 0.30% −0.19
CSCO Cisco Systems Inc. Reduce -24.1% 0.25% −0.19
QCOM Qualcomm Inc. Reduce -21.5% 0.15% −0.19
PYPL PayPal Holdings Inc. Reduce -15.3% 0.17% −0.18
BLK BlackRock Inc. Reduce -22.2% 0.19% −0.18
GE General Electric Reduce -28.8% 0.17% −0.18
NDAQ Nasdaq Inc. Reduce -44.2% 0.10% −0.17
GS Goldman Sachs Group Inc. Reduce -10.3% 0.31% −0.17
ADBE Adobe Inc. Reduce -12.4% 0.14% −0.17
MCD McDonald's Corp. Reduce -3.8% 0.45% −0.17
HPE Hewlett Packard Enterprise Reduce -58.1% 0.07% −0.17
ACN Accenture PLC Class A Reduce -21.5% 0.13% −0.17
BABA Alibaba Group Holding-SP ADR Reduce -6.0% 0.25% −0.16
NATKY Nac Kazatomprom JSC-GDR Regs Reduce -20.2% 0.80% −0.16
SSL Sasol Ltd.-Sponsored ADR Reduce -97.5% 0.01% −0.16
NFLX Netflix Inc. Reduce -10.5% 0.33% −0.15
PEP Pepsico Inc. Reduce -1.7% 0.56% −0.15
SHOP Shopify Inc. Class A Reduce -16.0% 0.12% −0.14
HD Home Depot Inc. Reduce -10.3% 0.25% −0.14
ORCL Oracle Corp. Reduce -5.7% 0.16% −0.14
NEM Newmont Corp. Reduce -31.1% 0.17% −0.14

Portfolio Buys Q4 2025 → Q1 2026
GMYYF Moneta Money Bank As New 5.05% +5.05
PSZKF Pko Bank Polski SA New 2.27% +2.27
OTPBF Otp Bank PLC New 1.77% +1.77
BKPKF Bank Pekao SA New 1.75% +1.75
BKZHF Erste Bank Polska SA New 1.30% +1.30
PWZYF Powszechny Zaklad Ubezpiecze New 1.06% +1.06
CSGNF CSG NV New 1.05% +1.05
KMERF Komercni Banka As New 1.02% +1.02
LPGDF LPP SA New 1.02% +1.02
KGHPF KGHM Polska Miedz SA New 0.97% +0.97
DTEGF Deutsche Telekom AG-Reg New 0.91% +0.91
RGEDF Richter Gedeon NYRT New 0.79% +0.79
ASMLF ASML Holding NV New 0.68% +0.68
BUDFF Anheuser-Busch Inbev SA New 0.64% +0.64
ALIZF Allianz SE-Reg New 0.55% +0.55
GPDNF Danone New 0.54% +0.54
LVMHF LVMH Moet Hennessy Louis Vui New 0.49% +0.49
ADDDF Adidas AG New 0.49% +0.49
DNOPF Dino Polska SA New 0.47% +0.47
OTGLF CD Projekt Red SA New 0.44% +0.44
CZAVF Cez As New 0.38% +0.38
PSKOF Orlen SA New 0.37% +0.37
MOLFF Mol Hungarian Oil and Gas PL New 0.36% +0.36
BAMXF Bayerische Motoren Werke AG New 0.34% +0.34
AXAHF AXA SA New 0.29% +0.29
DELL Dell Technologies -C Add +102.6% 0.56% +0.27
B Barrick Mining Corp. Add +198.0% 0.48% +0.25
HXSCL SK Hynix Inc.-GDS Reg S Add +114.5% 0.45% +0.23
LRLCF L'oreal New 0.23% +0.23
MBAKF Mbank SA New 0.16% +0.16
AZN Astrazeneca PLC New 0.16% +0.16
LDNXF London Stock Exchange Group Add +109.3% 0.43% +0.15
RHHVF Roche Holding AG New 0.14% +0.14
HBCYF HSBC Holdings PLC New 0.13% +0.13
MU Micron Technology Inc. Add +2414.6% 0.13% +0.12
RAIFF Raiffeisen Bank Internationa New 0.12% +0.12
TATA MOTORS LTD /NEW New 0.11% +0.11
COUR Coursera Inc. New 0.11% +0.11
SMEGF Siemens Energy AG Add +255.3% 0.15% +0.11
BCLYF Barclays PLC New 0.11% +0.11
SPB Spectrum Brands Holdings Inc. Add +56.4% 0.29% +0.09
BAESF Bae Systems PLC New 0.08% +0.08
BPAQF BP PLC New 0.06% +0.06
TEFOF Telefonica SA Add +55.5% 0.30% +0.06
UBS UBS Group AG-Reg New 0.06% +0.06
NONOF Novo Nordisk A/S-B New 0.06% +0.06
GLAXF GSK PLC New 0.05% +0.05
WMB Williams Cos Inc. New 0.05% +0.05
GASNF Naturgy Energy Group SA New 0.05% +0.05
BNPQF BNP Paribas New 0.05% +0.05

Notes & Other Activity Q4 2025 → Q1 2026
POAHF Porsche Automobil HLDG-PRF COM New 68,233 $2.5M
VLKPF Volkswagen AG-Pref COM New 2,000 $203K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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