Generali Investments, Management Co LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Generali Investments, Management Co LLC reported 161 stock positions worth $441.8 million. Its top holding was Nvidia (NVDA) at 7.4% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Amazon.com (AMZN, 6.3%). Compared with Q1 2025, it opened 25 new positions, sold out of 5, added to 66 and reduced 49. The biggest buy was Applied Materials (AMAT, shares +350%) and the biggest sale McDonald's (MCD, shares −58%).

Most Recent 13F
Q2 2026
Location
LJUBLJANA, 2A
CIK
0002043136
Portfolio Value
$441.8M (Q2 2025)
SEC Filing
0002043136-25-000011 ↗ filed Aug 11, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q4 2024: $387.0M Q4 2024 Q1 2025: $351.6M Q1 2025 Q2 2025: $441.8M $441.8M Q2 2025 Q3 2025: $479.4M Q3 2025 Q4 2025: $501.9M Q4 2025 Q1 2026: $429.9M Q1 2026 Q2 2026: $460.3M Q2 2026

Holdings 161 stocks · $441.8M
NVDA Nvidia Corp. 7.36% 206,026 $32.5M Add +3.0%
MSFT Microsoft Corp. 6.95% 61,787 $30.7M Reduce -3.1%
AMZN Amazon.com Inc. 6.35% 127,973 $28.0M Add +0.8%
GOOGL Alphabet Inc. Class A 5.96% 149,570 $26.3M Add +4.7%
META Meta Platforms Inc. Class A 5.64% 33,805 $24.9M Reduce -7.2%
AAPL Apple Inc. 4.43% 95,581 $19.6M Add +9.3%
AVGO Broadcom Inc. 2.94% 47,189 $13.0M Add +37.8%
NFLX Netflix Inc. 2.22% 7,326 $9.8M Reduce -25.3%
AMAT Applied Materials Inc. 2.16% 52,099 $9.5M Add +349.9%
PLTR Palantir Technologies Inc. Class A 1.91% 62,097 $8.5M Add +224.6%
PANW Palo Alto Networks Inc. 1.82% 39,310 $8.0M Add +70.1%
LLY Eli Lilly & Co. 1.64% 9,286 $7.2M Add +0.1%
CRWD CrowdStrike Holdings Inc. Class A 1.42% 12,294 $6.3M Add +182.4%
XLC SS Comm Select Sector SPDR 1.31% 53,354 $5.8M Reduce -17.4%
KO The Coca-Cola Co. 1.30% 81,061 $5.7M Reduce -4.0%
GS Goldman Sachs Group Inc. 1.28% 8,026 $5.7M Add +29.2%
JPM JPMorgan Chase & Co. 1.24% 18,991 $5.5M Add +0.9%
ISRG Intuitive Surgical Inc. 1.12% 9,099 $4.9M Add +15.3%
TSLA Tesla Inc. 1.08% 15,110 $4.8M Add +55.6%
XOM Exxon Mobil Corp. 1.08% 44,372 $4.8M Reduce -0.8%
NOW ServiceNow Inc. 1.01% 4,338 $4.5M Add +109.5%
AMD Advanced Micro Devices 0.99% 30,963 $4.4M Add +113.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.99% 92,133 $4.4M Reduce -2.5%
NKE Nike Inc. Class B 0.98% 60,870 $4.3M Add +376.0%
BSX Boston Scientific Corp. 0.97% 40,058 $4.3M Add +29.6%
SYK Stryker Corp. 0.97% 10,822 $4.3M Add +7.3%
VEEV Veeva Systems Inc. Class A 0.96% 14,823 $4.3M Add +9.3%
C Citigroup Inc. 0.93% 48,379 $4.1M Add +6.6%
ABBV Abbvie Inc. 0.89% 21,283 $3.9M Add +26.3%
CRM Salesforce Inc. 0.81% 13,115 $3.6M Add +23.6%
CVX Chevron Corp. 0.79% 24,534 $3.5M Add +1.5%
PSA Public Storage 0.76% 11,429 $3.3M Reduce -2.7%
GLW Corning Inc. 0.76% 63,605 $3.3M Add +23.8%
ITW Illinois Tool Works 0.74% 13,153 $3.2M Reduce -20.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.71% 25,381 $3.1M Reduce -18.0%
QQEW First TR Nasdaq-100 Sel Eq 0.71% 22,872 $3.1M Add +17.1%
CSCO Cisco Systems Inc. 0.67% 42,871 $3.0M Reduce -8.3%
PG The Procter & Gamble Co. 0.64% 17,648 $2.8M Reduce -23.1%
JNJ Johnson & Johnson 0.63% 18,347 $2.8M Reduce -14.8%
DHR Danaher Corp. 0.62% 13,881 $2.7M Add +8.2%
CCI Crown Castle Inc. 0.61% 26,349 $2.7M No change
XLE SS Energy Select Sector 0.61% 31,895 $2.7M Add +310.3%
MCD McDonald's Corp. 0.60% 9,140 $2.7M Reduce -58.5%
AVAV Aerovironment Inc. 0.60% 9,258 $2.6M Add +439.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.59% 8,854 $2.6M Add +59.0%
HD Home Depot Inc. 0.59% 7,091 $2.6M Reduce -17.1%
ABT Abbott Laboratories 0.58% 18,846 $2.6M No change
UNH Unitedhealth Group Inc. 0.57% 8,126 $2.5M Add +55.6%
V Visa Inc. Class A 0.56% 6,928 $2.5M Add +31.6%
TMO Thermo Fisher Scientific Inc. 0.54% 5,934 $2.4M Add +12.8%
D Dominion Energy Inc. 0.54% 42,272 $2.4M Add +17.9%
ADP Automatic Data Processing 0.54% 7,717 $2.4M Add +4.7%
ORCL Oracle Corp. 0.53% 10,803 $2.4M Add +87.4%
WMT Walmart Inc. 0.51% 22,995 $2.2M No change
MA Mastercard Inc. Class A 0.48% 3,752 $2.1M Add +36.3%
INTU Intuit Inc. 0.46% 2,604 $2.0M No change
MRK Merck & Co. Inc. 0.45% 25,273 $2.0M Add +30.5%
AIG American International Group 0.42% 21,805 $1.9M New
QCOM Qualcomm Inc. 0.42% 11,671 $1.9M Add +46.3%
PGR Progressive Corp. 0.42% 6,921 $1.8M New
WFC Wells Fargo & Co. 0.39% 21,797 $1.7M No change
EOG EOG Resources Inc. 0.39% 14,599 $1.7M Reduce -14.9%
AMGN Amgen Inc. 0.39% 6,192 $1.7M Reduce -4.5%
LIN Linde PLC 0.38% 3,584 $1.7M Add +11.6%
PEP Pepsico Inc. 0.37% 12,357 $1.6M Reduce -20.6%
TXN Texas Instruments Inc. 0.37% 7,854 $1.6M Add +130.1%
SRE Sempra 0.36% 21,009 $1.6M Reduce -38.8%
GILD Gilead Sciences Inc. 0.34% 13,538 $1.5M Add +4.5%
SNOW Snowflake Inc. 0.33% 6,537 $1.5M Add +131.5%
PFE Pfizer Inc. 0.31% 56,419 $1.4M Add +128.2%
FTNT Fortinet Inc. 0.31% 12,829 $1.4M Add +119.5%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.30% 18,727 $1.3M Reduce -26.3%
VRSN Verisign Inc. 0.30% 4,644 $1.3M Reduce -24.9%
EBAY eBay Inc. 0.30% 17,563 $1.3M Reduce -55.4%
CL Colgate-Palmolive Co. 0.30% 14,361 $1.3M Reduce -14.7%
GEHC GE Healthcare Technology 0.29% 17,578 $1.3M Add +54.8%
MDLZ Mondelez International Inc. Class A 0.29% 19,186 $1.3M Reduce -28.1%
PM Philip Morris International 0.28% 6,693 $1.2M Reduce -17.0%
XLY SS Consumer Disc Select Sect 0.27% 5,568 $1.2M Add +2200.8%
TER Teradyne Inc. 0.27% 13,331 $1.2M Add +345.0%
ADBE Adobe Inc. 0.25% 2,894 $1.1M Reduce -0.5%
EMR Emerson Electric Co. 0.25% 8,233 $1.1M No change
CME Cme Group Inc. 0.25% 3,938 $1.1M Reduce -45.6%
MMM 3M Co. 0.24% 7,002 $1.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.24% 2,173 $1.1M Add +6.2%
COP Conocophillips 0.24% 11,710 $1.0M Reduce -10.8%
CAT Caterpillar Inc. 0.23% 2,650 $1.0M No change
DELL Dell Technologies -C 0.21% 7,751 $949K Add +448.2%
ECL Ecolab Inc. 0.21% 3,525 $948K Add +28.0%
VZ Verizon Communications Inc. 0.21% 21,427 $926K Reduce -49.5%
WMB Williams Cos Inc. 0.20% 14,221 $892K Add +31.9%
BMY Bristol-Myers Squibb Co. 0.19% 18,297 $846K Reduce -36.0%
FCX Freeport-McMoran Inc. 0.19% 18,980 $822K Reduce -9.0%
T AT&T Inc. 0.18% 28,156 $814K Reduce -42.5%
ELV Elevance Health Inc. 0.18% 2,022 $785K Reduce -18.8%
CI The Cigna Group 0.17% 2,299 $759K No change
CVS CVS Health Corp. 0.17% 10,854 $748K Add +117.9%
ICE Intercontinental Exchange Inc. 0.16% 3,851 $706K Reduce -36.2%
SPGI S&P Global Inc. 0.15% 1,271 $669K No change
MPWR Monolithic Power Systems Inc. 0.14% 861 $629K New
INTC Intel Corp. 0.13% 25,724 $575K Reduce -23.0%
NEE Nextera Energy Inc. 0.13% 7,986 $554K No change
TWLO Twilio Inc. Class A 0.12% 4,441 $552K Add +570.9%
HCA HCA Healthcare Inc. 0.12% 1,407 $538K New
XLV SS Health Care Select Sector 0.11% 3,630 $489K New
NEM Newmont Corp. 0.11% 8,375 $487K Add +36.7%
SNPS Synopsys Inc. 0.10% 842 $431K No change
BKNG Booking Holdings Inc. 0.10% 74 $428K New
APH Amphenol Corp. Class A 0.09% 4,195 $414K New
COIN Coinbase Global Inc. Class A 0.09% 1,140 $399K Add +0.7%
PSX Phillips 66 0.08% 3,089 $368K Reduce -16.0%
MPC Marathon Petroleum Corp. 0.08% 2,008 $333K Reduce -31.6%
OKE Oneok Inc. 0.07% 3,992 $325K Add +40.6%
NBIX Neurocrine Biosciences Inc. 0.07% 2,543 $319K New
CEG Constellation Energy 0.07% 982 $317K Add +383.7%
PPG PPG Industries Inc. 0.07% 2,778 $316K No change
BDX Becton Dickinson and Co. 0.07% 1,784 $307K No change
SBUX Starbucks Corp. 0.07% 3,206 $293K Reduce -23.5%
VLO Valero Energy Corp. 0.06% 2,137 $287K Add +3.7%
NET Cloudflare Inc. Class A 0.06% 1,393 $272K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 2,161 $266K Add +44.5%
TRGP Targa Resources Corp. 0.06% 1,522 $265K Add +59.5%
TRV The Travelers Cos Inc. 0.06% 940 $251K Add +518.4%
COR Cencora Inc. 0.06% 832 $249K New
BIIB Biogen Inc. 0.06% 1,962 $246K No change
KMI Kinder Morgan Inc. 0.05% 7,912 $232K Add +25.3%
OXY Occidental Petroleum Corp. 0.05% 5,096 $214K Reduce -10.8%
FANG Diamondback Energy Inc. 0.05% 1,475 $202K Add +18.3%
CMCSA Comcast Corp. Class A 0.04% 5,509 $196K No change
IDXX Idexx Laboratories Inc. 0.04% 360 $193K New
SHW The Sherwin-Williams Co. 0.04% 532 $182K Reduce -11.0%
OKTA Okta Inc. 0.04% 1,788 $179K New
MO Altria Group Inc. 0.04% 2,948 $173K No change
EXR Extra Space Storage Inc. 0.04% 1,152 $170K New
FTV Fortive Corp. 0.03% 2,883 $150K Reduce -78.2%
RVTY Revvity Inc. 0.03% 1,551 $150K No change
APD Air Products & Chemicals Inc. 0.03% 498 $140K Add +453.3%
UEC Uranium Energy Corp. 0.03% 20,463 $139K New
RSG Republic Services Inc. 0.03% 539 $133K Reduce -48.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 3,884 $131K Reduce -24.4%
HIMS Hims & Hers Health Inc. 0.03% 2,504 $125K New
WAT Waters Corp. 0.03% 356 $124K New
NUE Nucor Corp. 0.03% 933 $121K Reduce -47.5%
LB Landbridge Co. LLC-A 0.03% 1,736 $117K New
DD Dupont DE Nemours Inc. 0.03% 1,633 $112K Reduce -42.0%
EQT Eqt Corp. 0.02% 1,817 $106K Add +6.2%
STLD Steel Dynamics Inc. 0.02% 686 $88K New
QQQM Invesco Nasdaq 100 ETF 0.02% 300 $68K Reduce -52.4%
LYB Lyondellbasell Indu Class A 0.01% 1,133 $65K No change
MCO Moody's Corp. 0.01% 128 $64K New
UPS United Parcel Service Class B 0.01% 634 $64K No change
HUM Humana Inc. 0.01% 258 $63K Reduce -54.3%
MSCI MSCI Inc. 0.01% 107 $62K New
BRO Brown & Brown Inc. 0.01% 542 $60K New
HIG Hartford Insurance Group Inc. 0.01% 473 $60K New
STE Steris PLC 0.01% 233 $56K New
PODD Insulet Corp. 0.01% 175 $55K New
DVN Devon Energy Corp. 0.01% 1,704 $54K Reduce -68.1%
RAL Ralliant Corp. 0.01% 961 $47K Reduce -78.2%
FDS Factset Research Systems Inc. 0.01% 95 $42K New
KHC The Kraft Heinz Co. 0.01% 857 $22K No change

Portfolio Sells Q1 2025 → Q2 2025
MCD McDonald's Corp. Reduce -58.5% 0.60% −1.35
PG The Procter & Gamble Co. Reduce -23.1% 0.64% −0.48
EBAY eBay Inc. Reduce -55.4% 0.30% −0.46
XLC SS Comm Select Sector SPDR Reduce -17.4% 1.31% −0.46
XOM Exxon Mobil Corp. Reduce -0.8% 1.08% −0.43
ITW Illinois Tool Works Reduce -20.4% 0.74% −0.43
KO The Coca-Cola Co. Reduce -4.0% 1.30% −0.42
NFLX Netflix Inc. Reduce -25.3% 2.22% −0.38
JNJ Johnson & Johnson Reduce -14.8% 0.63% −0.38
VZ Verizon Communications Inc. Reduce -49.5% 0.21% −0.34
SRE Sempra Reduce -38.8% 0.36% −0.34
META Meta Platforms Inc. Class A Reduce -7.2% 5.64% −0.33
BMY Bristol-Myers Squibb Co. Reduce -36.0% 0.19% −0.30
HD Home Depot Inc. Reduce -17.1% 0.59% −0.30
CME Cme Group Inc. Reduce -45.6% 0.25% −0.30
PEP Pepsico Inc. Reduce -20.6% 0.37% −0.29
PSA Public Storage Reduce -2.7% 0.76% −0.24
FTV Fortive Corp. Reduce -78.2% 0.03% −0.24
XLI SS Industrial Select Sector Sold out 0.00% −0.24
EOG EOG Resources Inc. Reduce -14.9% 0.39% −0.23
MDLZ Mondelez International Inc. Class A Reduce -28.1% 0.29% −0.22
T AT&T Inc. Reduce -42.5% 0.18% −0.21
AMGN Amgen Inc. Reduce -4.5% 0.39% −0.18
DIS The Walt Disney Co. Reduce -18.0% 0.71% −0.16
COP Conocophillips Reduce -10.8% 0.24% −0.15
CL Colgate-Palmolive Co. Reduce -14.7% 0.30% −0.15
CSCO Cisco Systems Inc. Reduce -8.3% 0.67% −0.15
VRSN Verisign Inc. Reduce -24.9% 0.30% −0.14
BAC Bank of America Corp. Reduce -2.5% 0.99% −0.14
ICE Intercontinental Exchange Inc. Reduce -36.2% 0.16% −0.14
ELV Elevance Health Inc. Reduce -18.8% 0.18% −0.13
XLB SS Materials Select Sector Sold out 0.00% −0.11
ETN Eaton Corp. PLC Sold out 0.00% −0.10
TTD Trade Desk Inc./the Class A Reduce -26.3% 0.30% −0.09
PM Philip Morris International Reduce -17.0% 0.28% −0.09
INTC Intel Corp. Reduce -23.0% 0.13% −0.09
ADBE Adobe Inc. Reduce -0.5% 0.25% −0.06
SBUX Starbucks Corp. Reduce -23.5% 0.07% −0.05
RAL Ralliant Corp. Reduce -78.2% 0.01% −0.05
MPC Marathon Petroleum Corp. Reduce -31.6% 0.08% −0.05
PSX Phillips 66 Reduce -16.0% 0.08% −0.05
DVN Devon Energy Corp. Reduce -68.1% 0.01% −0.04
RSG Republic Services Inc. Reduce -48.3% 0.03% −0.04
FCX Freeport-McMoran Inc. Reduce -9.0% 0.19% −0.04
DD Dupont DE Nemours Inc. Reduce -42.0% 0.03% −0.03
NUE Nucor Corp. Reduce -47.5% 0.03% −0.03
OXY Occidental Petroleum Corp. Reduce -10.8% 0.05% −0.03
SLB SLB Ltd. Reduce -24.4% 0.03% −0.03
ONC Beone Medicines Ltd.-ADR Sold out 0.00% −0.03
HUM Humana Inc. Reduce -54.3% 0.01% −0.03

Portfolio Buys Q1 2025 → Q2 2025
AMAT Applied Materials Inc. Add +349.9% 2.16% +1.68
PLTR Palantir Technologies Inc. Class A Add +224.6% 1.91% +1.45
AVGO Broadcom Inc. Add +37.8% 2.94% +1.31
NVDA Nvidia Corp. Add +3.0% 7.36% +1.19
CRWD CrowdStrike Holdings Inc. Class A Add +182.4% 1.42% +0.98
NKE Nike Inc. Class B Add +376.0% 0.98% +0.75
PANW Palo Alto Networks Inc. Add +70.1% 1.82% +0.70
AMD Advanced Micro Devices Add +113.1% 0.99% +0.57
NOW ServiceNow Inc. Add +109.5% 1.01% +0.54
AVAV Aerovironment Inc. Add +439.5% 0.60% +0.54
AIG American International Group New 0.42% +0.42
PGR Progressive Corp. New 0.42% +0.42
XLE SS Energy Select Sector Add +310.3% 0.61% +0.40
TSLA Tesla Inc. Add +55.6% 1.08% +0.37
GS Goldman Sachs Group Inc. Add +29.2% 1.28% +0.32
ORCL Oracle Corp. Add +87.4% 0.53% +0.30
XLY SS Consumer Disc Select Sect Add +2200.8% 0.27% +0.26
SNOW Snowflake Inc. Add +131.5% 0.33% +0.21
TER Teradyne Inc. Add +345.0% 0.27% +0.20
IBM Intl Business Machines Corp. Add +59.0% 0.59% +0.20
TXN Texas Instruments Inc. Add +130.1% 0.37% +0.19
DELL Dell Technologies -C Add +448.2% 0.21% +0.18
FTNT Fortinet Inc. Add +119.5% 0.31% +0.15
MPWR Monolithic Power Systems Inc. New 0.14% +0.14
PFE Pfizer Inc. Add +128.2% 0.31% +0.13
HCA HCA Healthcare Inc. New 0.12% +0.12
XLV SS Health Care Select Sector New 0.11% +0.11
TWLO Twilio Inc. Class A Add +570.9% 0.12% +0.11
BKNG Booking Holdings Inc. New 0.10% +0.10
APH Amphenol Corp. Class A New 0.09% +0.09
GLW Corning Inc. Add +23.8% 0.76% +0.09
BSX Boston Scientific Corp. Add +29.6% 0.97% +0.09
CVS CVS Health Corp. Add +117.9% 0.17% +0.07
NBIX Neurocrine Biosciences Inc. New 0.07% +0.07
QCOM Qualcomm Inc. Add +46.3% 0.42% +0.07
VEEV Veeva Systems Inc. Class A Add +9.3% 0.96% +0.07
NET Cloudflare Inc. Class A New 0.06% +0.06
CEG Constellation Energy Add +383.7% 0.07% +0.06
COR Cencora Inc. New 0.06% +0.06
MA Mastercard Inc. Class A Add +36.3% 0.48% +0.05
TRV The Travelers Cos Inc. Add +518.4% 0.06% +0.05
IDXX Idexx Laboratories Inc. New 0.04% +0.04
OKTA Okta Inc. New 0.04% +0.04
EXR Extra Space Storage Inc. New 0.04% +0.04
COIN Coinbase Global Inc. Class A Add +0.7% 0.09% +0.03
QQEW First TR Nasdaq-100 Sel Eq Add +17.1% 0.71% +0.03
GEHC GE Healthcare Technology Add +54.8% 0.29% +0.03
UEC Uranium Energy Corp. New 0.03% +0.03
V Visa Inc. Class A Add +31.6% 0.56% +0.03
HIMS Hims & Hers Health Inc. New 0.03% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 164$460.3MNVDA, GOOGL, AMZN, MSFT, AAPL
Q1 2026 162$429.9MNVDA, AMZN, GOOGL, MSFT, AAPL
Q4 2025 164$501.9MTSLA, NVDA, GOOGL, AMZN, META
Q3 2025 174$479.4MNVDA, MSFT, AMZN, GOOGL, AAPL
Q2 2025 161$441.8MNVDA, MSFT, AMZN, GOOGL, META
Q1 2025 140$351.6MAMZN, MSFT, GOOGL, NVDA, META
Q4 2024 130$387.0MAAPL, GOOGL, MSFT, AMZN, NVDA