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

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

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%
CI The Cigna Group 0.14% 2,299 $663K No change
TEM Tempus AI Inc. Class A 0.14% 8,210 $663K New
ELV Elevance Health Inc. 0.14% 2,022 $653K No change
MDLZ Mondelez International Inc. Class A 0.14% 10,458 $653K Reduce -45.5%
ICE Intercontinental Exchange Inc. 0.14% 3,851 $649K No change
WMB Williams Cos Inc. 0.13% 9,895 $627K Reduce -30.4%
RSG Republic Services Inc. 0.13% 2,618 $601K Add +385.7%
ADBE Adobe Inc. 0.12% 1,690 $596K Reduce -41.6%
VZ Verizon Communications Inc. 0.12% 13,547 $595K Reduce -36.8%
EW Edwards Lifesciences Corp. 0.12% 7,560 $588K New
SHW The Sherwin-Williams Co. 0.12% 1,681 $582K Add +216.0%
INTC Intel Corp. 0.12% 17,323 $581K Reduce -32.7%
TXN Texas Instruments Inc. 0.12% 3,127 $575K Reduce -60.2%
COR Cencora Inc. 0.12% 1,836 $574K Add +120.7%
CEG Constellation Energy 0.12% 1,711 $563K Add +74.2%
IDXX Idexx Laboratories Inc. 0.11% 847 $541K Add +135.3%
ROKU Roku Inc. 0.10% 4,698 $470K New
APP AppLovin Corp. Class A 0.09% 608 $437K New
EXE Expand Energy Corp. 0.09% 3,984 $423K New
COIN Coinbase Global Inc. Class A 0.08% 1,140 $385K No change
BDX Becton Dickinson and Co. 0.08% 2,030 $380K Add +13.8%
PSX Phillips 66 0.08% 2,793 $380K Reduce -9.6%
RMD Resmed Inc. 0.07% 1,308 $358K New
OKTA Okta Inc. 0.07% 3,743 $343K Add +109.3%
SMR Nuscale Power Corp. 0.07% 9,372 $337K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 2,161 $312K No change
MPC Marathon Petroleum Corp. 0.07% 1,619 $312K Reduce -19.4%
EBAY eBay Inc. 0.06% 3,406 $310K Reduce -80.6%
RTX RTX Corp. 0.06% 1,769 $296K New
VLO Valero Energy Corp. 0.05% 1,522 $259K Reduce -28.8%
NEM Newmont Corp. 0.05% 3,029 $255K Reduce -63.8%
STE Steris PLC 0.05% 972 $241K Add +317.2%
CL Colgate-Palmolive Co. 0.05% 2,967 $237K Reduce -79.3%
T AT&T Inc. 0.05% 7,704 $218K Reduce -72.6%
PODD Insulet Corp. 0.05% 701 $216K Add +300.6%
ONC Beone Medicines Ltd.-ADR 0.04% 8,000 $211K New
OXY Occidental Petroleum Corp. 0.04% 4,392 $208K Reduce -13.8%
EXR Extra Space Storage Inc. 0.04% 1,438 $203K Add +24.8%
TRV The Travelers Cos Inc. 0.04% 710 $198K Reduce -24.5%
SBUX Starbucks Corp. 0.04% 2,212 $187K Reduce -31.0%
NFG National Fuel Gas Co. 0.04% 2,023 $187K New
QQEW First TR Nasdaq-100 Sel Eq 0.04% 1,211 $171K Reduce -94.7%
APD Air Products & Chemicals Inc. 0.03% 565 $154K Add +13.4%
WAT Waters Corp. 0.03% 510 $153K Add +43.3%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.03% 3,071 $151K Reduce -83.6%
KMI Kinder Morgan Inc. 0.03% 5,245 $148K Reduce -33.7%
FCX Freeport-McMoran Inc. 0.03% 3,724 $146K Reduce -80.4%
OKE Oneok Inc. 0.03% 1,937 $141K Reduce -51.5%
RVTY Revvity Inc. 0.03% 1,551 $136K No change
TMDX Transmedics Group Inc. 0.03% 1,209 $136K New
MCK McKesson Corp. 0.03% 169 $131K New
SOUN Soundhound AI Inc. Class A 0.02% 7,299 $117K New
HIG Hartford Insurance Group Inc. 0.02% 847 $113K Add +79.1%
CMCSA Comcast Corp. Class A 0.02% 3,452 $108K Reduce -37.3%
FANG Diamondback Energy Inc. 0.02% 754 $108K Reduce -48.9%
CARR Carrier Global Corp. 0.02% 1,769 $106K New
TRGP Targa Resources Corp. 0.02% 584 $98K Reduce -61.6%
STLD Steel Dynamics Inc. 0.02% 686 $96K No change
AMP Ameriprise Financial Inc. 0.02% 181 $89K New
DVN Devon Energy Corp. 0.02% 2,415 $85K Add +41.7%
LB Landbridge Co. LLC-A 0.01% 1,280 $68K Reduce -26.3%
HUM Humana Inc. 0.01% 258 $67K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 1,886 $65K Reduce -51.4%
MCO Moody's Corp. 0.01% 128 $61K No change
MSCI MSCI Inc. 0.01% 107 $61K No change
DD Dupont DE Nemours Inc. 0.01% 706 $55K Reduce -56.8%
NUE Nucor Corp. 0.01% 402 $54K Reduce -56.9%
UPS United Parcel Service Class B 0.01% 634 $53K No change
BRO Brown & Brown Inc. 0.01% 542 $51K No change
FTV Fortive Corp. 0.01% 974 $48K Reduce -66.2%
STOK Stoke Therapeutics Inc. 0.01% 1,753 $41K New
GEV GE Vernova Inc. 0.01% 62 $38K New
FDS Factset Research Systems Inc. 0.01% 95 $27K No change
KHC The Kraft Heinz Co. 0.00% 857 $22K No change

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

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