Generali Investments, Management Co LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Generali Investments, Management Co LLC reported 174 stock positions worth $479.4 million. Its top holding was Nvidia (NVDA) at 7.7% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Amazon.com (AMZN, 6.2%). Compared with Q2 2025, it opened 22 new positions, sold out of 9, added to 64 and reduced 64. The biggest buy was Tesla (TSLA, shares +289%) and the biggest sale Applied Materials (AMAT, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- LJUBLJANA, 2A
- CIK
- 0002043136
- Portfolio Value
- $479.4M (Q3 2025)
- SEC Filing
- 0002043136-25-000012 ↗ filed Nov 12, 2025
Holdings Value
Holdings 174 stocks · $479.4M
| NVDA Nvidia Corp. | 7.67% | 197,193 | $36.8M | Reduce -4.3% |
| MSFT Microsoft Corp. | 7.30% | 67,593 | $35.0M | Add +9.4% |
| AMZN Amazon.com Inc. | 6.19% | 135,160 | $29.7M | Add +5.6% |
| GOOGL Alphabet Inc. Class A | 6.03% | 118,866 | $28.9M | Reduce -20.5% |
| AAPL Apple Inc. | 5.51% | 103,730 | $26.4M | Add +8.5% |
| TSLA Tesla Inc. | 5.46% | 58,816 | $26.2M | Add +289.3% |
| META Meta Platforms Inc. Class A | 5.33% | 34,784 | $25.5M | Add +2.9% |
| NFLX Netflix Inc. | 2.68% | 10,711 | $12.8M | Add +46.2% |
| AVGO Broadcom Inc. | 2.57% | 37,291 | $12.3M | Reduce -21.0% |
| PANW Palo Alto Networks Inc. | 2.31% | 54,401 | $11.1M | Add +38.4% |
| PLTR Palantir Technologies Inc. Class A | 2.22% | 58,240 | $10.6M | Reduce -6.2% |
| LLY Eli Lilly & Co. | 2.00% | 12,567 | $9.6M | Add +35.3% |
| ABBV Abbvie Inc. | 1.42% | 29,448 | $6.8M | Add +38.4% |
| JPM JPMorgan Chase & Co. | 1.25% | 19,018 | $6.0M | Add +0.1% |
| JNJ Johnson & Johnson | 1.22% | 31,455 | $5.8M | Add +71.4% |
| GS Goldman Sachs Group Inc. | 1.06% | 6,361 | $5.1M | Reduce -20.8% |
| XOM Exxon Mobil Corp. | 1.02% | 43,385 | $4.9M | Reduce -2.2% |
| VEEV Veeva Systems Inc. Class A | 1.01% | 16,259 | $4.8M | Add +9.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.99% | 9,723 | $4.8M | Reduce -20.9% |
| UNH Unitedhealth Group Inc. | 0.87% | 12,146 | $4.2M | Add +49.5% |
| BSX Boston Scientific Corp. | 0.86% | 42,193 | $4.1M | Add +5.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.83% | 76,833 | $4.0M | Reduce -16.6% |
| C Citigroup Inc. | 0.80% | 37,670 | $3.8M | Reduce -22.1% |
| AMD Advanced Micro Devices | 0.78% | 23,227 | $3.8M | Reduce -25.0% |
| CVX Chevron Corp. | 0.73% | 22,450 | $3.5M | Reduce -8.5% |
| TMO Thermo Fisher Scientific Inc. | 0.71% | 7,038 | $3.4M | Add +18.6% |
| SYK Stryker Corp. | 0.70% | 9,122 | $3.4M | Reduce -15.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.70% | 29,134 | $3.3M | Add +14.8% |
| ISRG Intuitive Surgical Inc. | 0.69% | 7,402 | $3.3M | Reduce -18.6% |
| ABT Abbott Laboratories | 0.69% | 24,630 | $3.3M | Add +30.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.67% | 11,384 | $3.2M | Add +28.6% |
| ORCL Oracle Corp. | 0.67% | 11,355 | $3.2M | Add +5.1% |
| HIMS Hims & Hers Health Inc. | 0.66% | 55,698 | $3.2M | Add +2124.4% |
| MRK Merck & Co. Inc. | 0.65% | 37,194 | $3.1M | Add +47.2% |
| HD Home Depot Inc. | 0.64% | 7,593 | $3.1M | Add +7.1% |
| PSA Public Storage | 0.64% | 10,544 | $3.0M | Reduce -7.7% |
| LRCX Lam Research Corp. | 0.63% | 22,396 | $3.0M | New |
| DHR Danaher Corp. | 0.62% | 15,020 | $3.0M | Add +8.2% |
| CSCO Cisco Systems Inc. | 0.61% | 42,871 | $2.9M | No change |
| MCD McDonald's Corp. | 0.60% | 9,423 | $2.9M | Add +3.1% |
| D Dominion Energy Inc. | 0.58% | 45,657 | $2.8M | Add +8.0% |
| ITW Illinois Tool Works | 0.56% | 10,316 | $2.7M | Reduce -21.6% |
| V Visa Inc. Class A | 0.49% | 6,928 | $2.4M | No change |
| TER Teradyne Inc. | 0.48% | 16,768 | $2.3M | Add +25.8% |
| GLW Corning Inc. | 0.47% | 27,555 | $2.3M | Reduce -56.7% |
| SNOW Snowflake Inc. | 0.45% | 9,655 | $2.2M | Add +47.7% |
| GILD Gilead Sciences Inc. | 0.45% | 19,605 | $2.2M | Add +44.8% |
| SRE Sempra | 0.45% | 24,071 | $2.2M | Add +14.6% |
| AMGN Amgen Inc. | 0.45% | 7,663 | $2.2M | Add +23.8% |
| MA Mastercard Inc. Class A | 0.45% | 3,752 | $2.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 4,245 | $2.1M | Add +95.3% |
| AMAT Applied Materials Inc. | 0.42% | 9,788 | $2.0M | Reduce -81.2% |
| MPWR Monolithic Power Systems Inc. | 0.42% | 2,174 | $2.0M | Add +152.5% |
| PFE Pfizer Inc. | 0.41% | 77,592 | $2.0M | Add +37.5% |
| KO The Coca-Cola Co. | 0.40% | 28,840 | $1.9M | Reduce -64.4% |
| ADP Automatic Data Processing | 0.39% | 6,316 | $1.9M | Reduce -18.1% |
| NOW ServiceNow Inc. | 0.38% | 1,956 | $1.8M | Reduce -54.9% |
| INTU Intuit Inc. | 0.37% | 2,604 | $1.8M | No change |
| CCI Crown Castle Inc. | 0.37% | 18,242 | $1.8M | Reduce -30.8% |
| AIG American International Group | 0.36% | 21,805 | $1.7M | No change |
| PGR Progressive Corp. | 0.36% | 6,921 | $1.7M | No change |
| DELL Dell Technologies -C | 0.34% | 11,457 | $1.6M | Add +47.8% |
| EMR Emerson Electric Co. | 0.33% | 11,965 | $1.6M | Add +45.3% |
| SNPS Synopsys Inc. | 0.33% | 3,163 | $1.6M | Add +275.6% |
| EQT Eqt Corp. | 0.32% | 28,252 | $1.5M | Add +1454.9% |
| LIN Linde PLC | 0.32% | 3,201 | $1.5M | Reduce -10.7% |
| QCOM Qualcomm Inc. | 0.32% | 9,106 | $1.5M | Reduce -22.0% |
| NKE Nike Inc. Class B | 0.32% | 21,694 | $1.5M | Reduce -64.4% |
| PG The Procter & Gamble Co. | 0.32% | 9,841 | $1.5M | Reduce -44.2% |
| VRSN Verisign Inc. | 0.30% | 5,160 | $1.4M | Add +11.1% |
| BIIB Biogen Inc. | 0.29% | 9,970 | $1.4M | Add +408.1% |
| AVAV Aerovironment Inc. | 0.26% | 4,026 | $1.3M | Reduce -56.5% |
| CAT Caterpillar Inc. | 0.26% | 2,650 | $1.3M | No change |
| NET Cloudflare Inc. Class A | 0.24% | 5,263 | $1.1M | Add +277.8% |
| WFC Wells Fargo & Co. | 0.23% | 13,373 | $1.1M | Reduce -38.6% |
| MMM 3M Co. | 0.23% | 7,002 | $1.1M | No change |
| FTNT Fortinet Inc. | 0.23% | 12,829 | $1.1M | No change |
| CRM Salesforce Inc. | 0.22% | 4,514 | $1.1M | Reduce -65.6% |
| CME Cme Group Inc. | 0.22% | 3,938 | $1.1M | No change |
| PM Philip Morris International | 0.21% | 6,236 | $1.0M | Reduce -6.8% |
| WMT Walmart Inc. | 0.21% | 9,811 | $1.0M | Reduce -57.3% |
| GEHC GE Healthcare Technology | 0.21% | 13,363 | $1.0M | Reduce -24.0% |
| HCA HCA Healthcare Inc. | 0.21% | 2,328 | $992K | Add +65.5% |
| ECL Ecolab Inc. | 0.20% | 3,568 | $977K | Add +1.2% |
| PEP Pepsico Inc. | 0.20% | 6,791 | $954K | Reduce -45.0% |
| CVS CVS Health Corp. | 0.20% | 12,404 | $935K | Add +14.3% |
| COP Conocophillips | 0.19% | 9,823 | $929K | Reduce -16.1% |
| NEE Nextera Energy Inc. | 0.19% | 12,262 | $926K | Add +53.5% |
| SPGI S&P Global Inc. | 0.16% | 1,624 | $790K | Add +27.8% |
| MO Altria Group Inc. | 0.16% | 11,745 | $776K | Add +298.4% |
| ZETA Zeta Global Holdings Corp. Class A | 0.15% | 36,941 | $734K | New |
| EOG EOG Resources Inc. | 0.15% | 6,498 | $729K | Reduce -55.5% |
| BMY Bristol-Myers Squibb Co. | 0.15% | 16,143 | $728K | Reduce -11.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.15% | 1,797 | $704K | New |
| TYL Tyler Technologies Inc. | 0.15% | 1,342 | $702K | New |
| NBIX Neurocrine Biosciences Inc. | 0.15% | 4,958 | $696K | Add +95.0% |
| APH Amphenol Corp. Class A | 0.15% | 5,623 | $696K | Add +34.0% |
| TWLO Twilio Inc. Class A | 0.14% | 6,813 | $682K | Add +53.4% |
| REGN Regeneron Pharmaceuticals | 0.14% | 1,202 | $676K | New |
| BKNG Booking Holdings Inc. | 0.14% | 124 | $670K | Add +67.6% |
Portfolio Sells Q2 2025 → Q3 2025
| AMAT Applied Materials Inc. | Reduce -81.2% | 0.42% | −1.74 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −1.31 |
| KO The Coca-Cola Co. | Reduce -64.4% | 0.40% | −0.90 |
| QQEW First TR Nasdaq-100 Sel Eq | Reduce -94.7% | 0.04% | −0.67 |
| NKE Nike Inc. Class B | Reduce -64.4% | 0.32% | −0.66 |
| NOW ServiceNow Inc. | Reduce -54.9% | 0.38% | −0.63 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.61 |
| CRM Salesforce Inc. | Reduce -65.6% | 0.22% | −0.59 |
| ISRG Intuitive Surgical Inc. | Reduce -18.6% | 0.69% | −0.43 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -20.9% | 0.99% | −0.42 |
| AVGO Broadcom Inc. | Reduce -21.0% | 2.57% | −0.37 |
| AVAV Aerovironment Inc. | Reduce -56.5% | 0.26% | −0.33 |
| PG The Procter & Gamble Co. | Reduce -44.2% | 0.32% | −0.32 |
| WMT Walmart Inc. | Reduce -57.3% | 0.21% | −0.30 |
| GLW Corning Inc. | Reduce -56.7% | 0.47% | −0.28 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.27 |
| TTD Trade Desk Inc./the Class A | Reduce -83.6% | 0.03% | −0.27 |
| SYK Stryker Corp. | Reduce -15.7% | 0.70% | −0.26 |
| TXN Texas Instruments Inc. | Reduce -60.2% | 0.12% | −0.25 |
| CL Colgate-Palmolive Co. | Reduce -79.3% | 0.05% | −0.25 |
| CCI Crown Castle Inc. | Reduce -30.8% | 0.37% | −0.24 |
| EOG EOG Resources Inc. | Reduce -55.5% | 0.15% | −0.24 |
| EBAY eBay Inc. | Reduce -80.6% | 0.06% | −0.23 |
| GS Goldman Sachs Group Inc. | Reduce -20.8% | 1.06% | −0.23 |
| AMD Advanced Micro Devices | Reduce -25.0% | 0.78% | −0.21 |
| ITW Illinois Tool Works | Reduce -21.6% | 0.56% | −0.17 |
| PEP Pepsico Inc. | Reduce -45.0% | 0.20% | −0.17 |
| WFC Wells Fargo & Co. | Reduce -38.6% | 0.23% | −0.16 |
| BAC Bank of America Corp. | Reduce -16.6% | 0.83% | −0.16 |
| MDLZ Mondelez International Inc. Class A | Reduce -45.5% | 0.14% | −0.16 |
| FCX Freeport-McMoran Inc. | Reduce -80.4% | 0.03% | −0.16 |
| ADP Automatic Data Processing | Reduce -18.1% | 0.39% | −0.15 |
| T AT&T Inc. | Reduce -72.6% | 0.05% | −0.14 |
| C Citigroup Inc. | Reduce -22.1% | 0.80% | −0.13 |
| ADBE Adobe Inc. | Reduce -41.6% | 0.12% | −0.13 |
| PSA Public Storage | Reduce -7.7% | 0.64% | −0.12 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -22.0% | 0.32% | −0.10 |
| VZ Verizon Communications Inc. | Reduce -36.8% | 0.12% | −0.09 |
| GEHC GE Healthcare Technology | Reduce -24.0% | 0.21% | −0.09 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −0.07 |
| WMB Williams Cos Inc. | Reduce -30.4% | 0.13% | −0.07 |
| CVX Chevron Corp. | Reduce -8.5% | 0.73% | −0.07 |
| PM Philip Morris International | Reduce -6.8% | 0.21% | −0.06 |
| LIN Linde PLC | Reduce -10.7% | 0.32% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -2.2% | 1.02% | −0.06 |
| NEM Newmont Corp. | Reduce -63.8% | 0.05% | −0.06 |
| OKE Oneok Inc. | Reduce -51.5% | 0.03% | −0.04 |
| COP Conocophillips | Reduce -16.1% | 0.19% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -11.8% | 0.15% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| TSLA Tesla Inc. | Add +289.3% | 5.46% | +4.37 |
| AAPL Apple Inc. | Add +8.5% | 5.51% | +1.08 |
| HIMS Hims & Hers Health Inc. | Add +2124.4% | 0.66% | +0.63 |
| LRCX Lam Research Corp. | New | 0.63% | +0.63 |
| JNJ Johnson & Johnson | Add +71.4% | 1.22% | +0.58 |
| ABBV Abbvie Inc. | Add +38.4% | 1.42% | +0.53 |
| PANW Palo Alto Networks Inc. | Add +38.4% | 2.31% | +0.49 |
| NFLX Netflix Inc. | Add +46.2% | 2.68% | +0.46 |
| LLY Eli Lilly & Co. | Add +35.3% | 2.00% | +0.36 |
| MSFT Microsoft Corp. | Add +9.4% | 7.30% | +0.36 |
| UNH Unitedhealth Group Inc. | Add +49.5% | 0.87% | +0.30 |
| EQT Eqt Corp. | Add +1454.9% | 0.32% | +0.30 |
| MPWR Monolithic Power Systems Inc. | Add +152.5% | 0.42% | +0.28 |
| BIIB Biogen Inc. | Add +408.1% | 0.29% | +0.24 |
| SNPS Synopsys Inc. | Add +275.6% | 0.33% | +0.23 |
| TER Teradyne Inc. | Add +25.8% | 0.48% | +0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +95.3% | 0.45% | +0.21 |
| MRK Merck & Co. Inc. | Add +47.2% | 0.65% | +0.20 |
| NET Cloudflare Inc. Class A | Add +277.8% | 0.24% | +0.17 |
| TMO Thermo Fisher Scientific Inc. | Add +18.6% | 0.71% | +0.17 |
| ZETA Zeta Global Holdings Corp. Class A | New | 0.15% | +0.15 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.15% | +0.15 |
| TYL Tyler Technologies Inc. | New | 0.15% | +0.15 |
| REGN Regeneron Pharmaceuticals | New | 0.14% | +0.14 |
| TEM Tempus AI Inc. Class A | New | 0.14% | +0.14 |
| ORCL Oracle Corp. | Add +5.1% | 0.67% | +0.13 |
| DELL Dell Technologies -C | Add +47.8% | 0.34% | +0.12 |
| SNOW Snowflake Inc. | Add +47.7% | 0.45% | +0.12 |
| MO Altria Group Inc. | Add +298.4% | 0.16% | +0.12 |
| EW Edwards Lifesciences Corp. | New | 0.12% | +0.12 |
| GILD Gilead Sciences Inc. | Add +44.8% | 0.45% | +0.11 |
| ABT Abbott Laboratories | Add +30.7% | 0.69% | +0.11 |
| PFE Pfizer Inc. | Add +37.5% | 0.41% | +0.10 |
| ROKU Roku Inc. | New | 0.10% | +0.10 |
| RSG Republic Services Inc. | Add +385.7% | 0.13% | +0.10 |
| SRE Sempra | Add +14.6% | 0.45% | +0.09 |
| APP AppLovin Corp. Class A | New | 0.09% | +0.09 |
| EXE Expand Energy Corp. | New | 0.09% | +0.09 |
| HCA HCA Healthcare Inc. | Add +65.5% | 0.21% | +0.09 |
| IBM Intl Business Machines Corp. | Add +28.6% | 0.67% | +0.08 |
| SHW The Sherwin-Williams Co. | Add +216.0% | 0.12% | +0.08 |
| EMR Emerson Electric Co. | Add +45.3% | 0.33% | +0.08 |
| RMD Resmed Inc. | New | 0.07% | +0.07 |
| NBIX Neurocrine Biosciences Inc. | Add +95.0% | 0.15% | +0.07 |
| SMR Nuscale Power Corp. | New | 0.07% | +0.07 |
| IDXX Idexx Laboratories Inc. | Add +135.3% | 0.11% | +0.07 |
| NEE Nextera Energy Inc. | Add +53.5% | 0.19% | +0.07 |
| COR Cencora Inc. | Add +120.7% | 0.12% | +0.06 |
| RTX RTX Corp. | New | 0.06% | +0.06 |
| AMGN Amgen Inc. | Add +23.8% | 0.45% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 164 | $460.3M | NVDA, GOOGL, AMZN, MSFT, AAPL |
| Q1 2026 | 162 | $429.9M | NVDA, AMZN, GOOGL, MSFT, AAPL |
| Q4 2025 | 164 | $501.9M | TSLA, NVDA, GOOGL, AMZN, META |
| Q3 2025 | 174 | $479.4M | NVDA, MSFT, AMZN, GOOGL, AAPL |
| Q2 2025 | 161 | $441.8M | NVDA, MSFT, AMZN, GOOGL, META |
| Q1 2025 | 140 | $351.6M | AMZN, MSFT, GOOGL, NVDA, META |
| Q4 2024 | 130 | $387.0M | AAPL, GOOGL, MSFT, AMZN, NVDA |