Generali Investments, Management Co LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Generali Investments, Management Co LLC reported 164 stock positions worth $501.9 million. Its top holding was Tesla (TSLA) at 7.4% of the portfolio, followed by Nvidia (NVDA, 7.1%) and Alphabet Class A (GOOGL, 6.6%). Compared with Q3 2025, it opened 4 new positions, sold out of 14, added to 75 and reduced 63. The biggest buy was Tesla (TSLA, shares +40%) and the biggest sale Microsoft (MSFT, shares −25%).

Most Recent 13F
Q2 2026
Location
LJUBLJANA, 2A
CIK
0002043136
Portfolio Value
$501.9M (Q4 2025)
SEC Filing
0002043136-26-000001 ↗ filed Jan 29, 2026

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 Q3 2025 Q4 2025: $501.9M $501.9M Q4 2025 Q1 2026: $429.9M Q1 2026 Q2 2026: $460.3M Q2 2026

Holdings 164 stocks · $501.9M
TSLA Tesla Inc. 7.36% 82,150 $36.9M Add +39.7%
NVDA Nvidia Corp. 7.12% 191,505 $35.7M Reduce -2.9%
GOOGL Alphabet Inc. Class A 6.60% 105,806 $33.1M Reduce -11.0%
AMZN Amazon.com Inc. 6.51% 141,536 $32.7M Add +4.7%
META Meta Platforms Inc. Class A 6.15% 46,760 $30.9M Add +34.4%
MSFT Microsoft Corp. 4.87% 50,560 $24.5M Reduce -25.2%
AAPL Apple Inc. 4.57% 84,394 $22.9M Reduce -18.6%
PLTR Palantir Technologies Inc. Class A 2.73% 77,015 $13.7M Add +32.2%
NFLX Netflix Inc. 2.51% 134,468 $12.6M Add +25.5%
AVGO Broadcom Inc. 2.48% 35,976 $12.5M Reduce -3.5%
LLY Eli Lilly & Co. 2.45% 11,423 $12.3M Reduce -9.1%
PANW Palo Alto Networks Inc. 1.77% 48,140 $8.9M Reduce -11.5%
CRWD CrowdStrike Holdings Inc. Class A 1.67% 17,894 $8.4M Add +84.0%
AMD Advanced Micro Devices 1.45% 34,031 $7.3M Add +46.5%
ABBV Abbvie Inc. 1.37% 30,190 $6.9M Add +2.5%
JNJ Johnson & Johnson 1.36% 33,099 $6.8M Add +5.2%
LRCX Lam Research Corp. 1.24% 36,274 $6.2M Add +62.0%
AMAT Applied Materials Inc. 1.17% 22,789 $5.9M Add +132.8%
JPM JPMorgan Chase & Co. 1.07% 16,641 $5.4M Reduce -12.5%
XOM Exxon Mobil Corp. 1.04% 43,180 $5.2M Reduce -0.5%
MRK Merck & Co. Inc. 1.03% 49,160 $5.2M Add +32.2%
MCD McDonald's Corp. 0.98% 16,051 $4.9M Add +70.3%
ISRG Intuitive Surgical Inc. 0.95% 8,404 $4.8M Add +13.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.85% 14,449 $4.3M Add +26.9%
ORCL Oracle Corp. 0.81% 20,733 $4.0M Add +82.6%
GS Goldman Sachs Group Inc. 0.79% 4,537 $4.0M Reduce -28.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.79% 71,778 $3.9M Reduce -6.6%
DHR Danaher Corp. 0.74% 16,227 $3.7M Add +8.0%
BSX Boston Scientific Corp. 0.74% 38,737 $3.7M Reduce -8.2%
CSCO Cisco Systems Inc. 0.73% 47,277 $3.6M Add +10.3%
PFE Pfizer Inc. 0.71% 143,144 $3.6M Add +84.5%
CVX Chevron Corp. 0.70% 23,026 $3.5M Add +2.6%
ABT Abbott Laboratories 0.70% 27,936 $3.5M Add +13.4%
C Citigroup Inc. 0.69% 29,794 $3.5M Reduce -20.9%
DELL Dell Technologies -C 0.68% 27,235 $3.4M Add +137.7%
SYK Stryker Corp. 0.68% 9,707 $3.4M Add +6.4%
GILD Gilead Sciences Inc. 0.66% 27,029 $3.3M Add +37.9%
TMO Thermo Fisher Scientific Inc. 0.66% 5,713 $3.3M Reduce -18.8%
UNH Unitedhealth Group Inc. 0.62% 9,361 $3.1M Reduce -22.9%
SNOW Snowflake Inc. 0.60% 13,777 $3.0M Add +42.7%
INTC Intel Corp. 0.58% 78,833 $2.9M Add +355.1%
AMGN Amgen Inc. 0.58% 8,859 $2.9M Add +15.6%
ROKU Roku Inc. 0.58% 26,718 $2.9M Add +468.7%
VEEV Veeva Systems Inc. Class A 0.50% 11,149 $2.5M Reduce -31.4%
V Visa Inc. Class A 0.48% 6,928 $2.4M No change
ADBE Adobe Inc. 0.48% 6,936 $2.4M Add +310.4%
BRK.B Berkshire Hathaway Inc. Class B 0.47% 4,716 $2.4M Add +11.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.46% 20,463 $2.3M Reduce -29.8%
PG The Procter & Gamble Co. 0.44% 15,237 $2.2M Add +54.8%
HD Home Depot Inc. 0.43% 6,305 $2.2M Reduce -17.0%
CL Colgate-Palmolive Co. 0.42% 26,425 $2.1M Add +790.6%
D Dominion Energy Inc. 0.42% 35,612 $2.1M Reduce -22.0%
BIIB Biogen Inc. 0.38% 10,974 $1.9M Add +10.1%
QCOM Qualcomm Inc. 0.38% 11,049 $1.9M Add +21.3%
KO The Coca-Cola Co. 0.38% 26,927 $1.9M Reduce -6.6%
CRM Salesforce Inc. 0.35% 6,608 $1.8M Add +46.4%
WFC Wells Fargo & Co. 0.34% 18,121 $1.7M Add +35.5%
MA Mastercard Inc. Class A 0.34% 2,949 $1.7M Reduce -21.4%
LIN Linde PLC 0.31% 3,697 $1.6M Add +15.5%
CAT Caterpillar Inc. 0.29% 2,529 $1.4M Reduce -4.6%
INTU Intuit Inc. 0.29% 2,187 $1.4M Reduce -16.0%
REGN Regeneron Pharmaceuticals 0.29% 1,866 $1.4M Add +55.2%
APP AppLovin Corp. Class A 0.28% 2,098 $1.4M Add +245.1%
WMT Walmart Inc. 0.26% 11,900 $1.3M Add +21.3%
TWLO Twilio Inc. Class A 0.26% 9,067 $1.3M Add +33.1%
CCI Crown Castle Inc. 0.25% 14,252 $1.3M Reduce -21.9%
NBIX Neurocrine Biosciences Inc. 0.25% 8,907 $1.3M Add +79.7%
EQT Eqt Corp. 0.25% 23,207 $1.2M Reduce -17.9%
ZETA Zeta Global Holdings Corp. Class A 0.25% 61,000 $1.2M Add +65.1%
CVS CVS Health Corp. 0.24% 15,286 $1.2M Add +23.2%
MMM 3M Co. 0.22% 7,002 $1.1M No change
APH Amphenol Corp. Class A 0.21% 7,986 $1.1M Add +42.0%
CME Cme Group Inc. 0.21% 3,938 $1.1M No change
VRTX Vertex Pharmaceuticals Inc. 0.21% 2,347 $1.1M Add +30.6%
SRE Sempra 0.21% 11,871 $1.0M Reduce -50.7%
ADP Automatic Data Processing 0.21% 4,013 $1.0M Reduce -36.5%
NOW ServiceNow Inc. 0.20% 6,665 $1.0M Reduce -31.9%
EMR Emerson Electric Co. 0.20% 7,453 $989K Reduce -37.7%
PSA Public Storage 0.19% 3,725 $967K Reduce -64.7%
NEE Nextera Energy Inc. 0.19% 12,011 $964K Reduce -2.0%
PEP Pepsico Inc. 0.18% 6,168 $885K Reduce -9.2%
ITW Illinois Tool Works 0.18% 3,583 $882K Reduce -65.3%
BMY Bristol-Myers Squibb Co. 0.17% 16,143 $871K No change
AIG American International Group 0.17% 10,046 $859K Reduce -53.9%
TEM Tempus AI Inc. Class A 0.17% 14,375 $849K Add +75.1%
CI The Cigna Group 0.17% 3,075 $846K Add +33.8%
MCK McKesson Corp. 0.17% 1,014 $832K Add +500.0%
SPGI S&P Global Inc. 0.16% 1,540 $805K Reduce -5.2%
CEG Constellation Energy 0.15% 2,155 $761K Add +25.9%
STLD Steel Dynamics Inc. 0.15% 4,478 $759K Add +552.8%
COP Conocophillips 0.15% 7,961 $745K Reduce -19.0%
HCA HCA Healthcare Inc. 0.15% 1,595 $745K Reduce -31.5%
IDXX Idexx Laboratories Inc. 0.15% 1,081 $731K Add +27.6%
NKE Nike Inc. Class B 0.14% 11,373 $725K Reduce -47.6%
RTX RTX Corp. 0.14% 3,830 $702K Add +116.5%
BDX Becton Dickinson and Co. 0.13% 3,477 $675K Add +71.3%
ECL Ecolab Inc. 0.13% 2,539 $667K Reduce -28.8%
WMB Williams Cos Inc. 0.13% 10,901 $655K Add +10.2%
GEHC GE Healthcare Technology 0.13% 7,908 $649K Reduce -40.8%
EW Edwards Lifesciences Corp. 0.13% 7,560 $644K No change
ICE Intercontinental Exchange Inc. 0.12% 3,851 $624K No change
COR Cencora Inc. 0.12% 1,836 $620K No change
RSG Republic Services Inc. 0.12% 2,898 $614K Add +10.7%
TYL Tyler Technologies Inc. 0.12% 1,342 $609K No change
CMCSA Comcast Corp. Class A 0.11% 19,180 $573K Add +455.6%
PM Philip Morris International 0.11% 3,468 $556K Reduce -44.4%
GLW Corning Inc. 0.11% 6,165 $540K Reduce -77.6%
PSX Phillips 66 0.10% 4,021 $519K Add +44.0%
MO Altria Group Inc. 0.10% 8,843 $510K Reduce -24.7%
RMD Resmed Inc. 0.08% 1,758 $423K Add +34.4%
WAT Waters Corp. 0.08% 1,111 $422K Add +117.8%
STE Steris PLC 0.08% 1,624 $412K Add +67.1%
EOG EOG Resources Inc. 0.08% 3,832 $402K Reduce -41.0%
ALNY Alnylam Pharmaceuticals Inc. 0.08% 965 $384K New
ELV Elevance Health Inc. 0.07% 1,072 $376K Reduce -47.0%
TMDX Transmedics Group Inc. 0.07% 2,878 $350K Add +138.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 2,161 $332K No change
VLO Valero Energy Corp. 0.06% 2,000 $326K Add +31.4%
PODD Insulet Corp. 0.06% 1,143 $325K Add +63.0%
GEV GE Vernova Inc. 0.06% 492 $322K Add +693.5%
VRSN Verisign Inc. 0.06% 1,229 $299K Reduce -76.2%
NEM Newmont Corp. 0.06% 2,904 $290K Reduce -4.1%
HUM Humana Inc. 0.06% 1,119 $287K Add +333.7%
FANG Diamondback Energy Inc. 0.05% 1,819 $273K Add +141.3%
TXN Texas Instruments Inc. 0.05% 1,438 $249K Reduce -54.0%
FCX Freeport-McMoran Inc. 0.05% 4,809 $244K Add +29.1%
MPC Marathon Petroleum Corp. 0.05% 1,461 $238K Reduce -9.8%
MPWR Monolithic Power Systems Inc. 0.05% 256 $232K Reduce -88.2%
OXY Occidental Petroleum Corp. 0.05% 5,592 $230K Add +27.3%
MDLZ Mondelez International Inc. Class A 0.05% 4,258 $229K Reduce -59.3%
TRV The Travelers Cos Inc. 0.04% 710 $206K No change
ONC Beone Medicines Ltd.-ADR 0.04% 8,000 $184K No change
SHW The Sherwin-Williams Co. 0.04% 557 $180K Reduce -66.9%
EXE Expand Energy Corp. 0.03% 1,534 $169K Reduce -61.5%
APD Air Products & Chemicals Inc. 0.03% 667 $165K Add +18.1%
NFG National Fuel Gas Co. 0.03% 1,958 $157K Reduce -3.2%
BKNG Booking Holdings Inc. 0.03% 28 $150K Reduce -77.4%
KMI Kinder Morgan Inc. 0.03% 5,420 $149K Add +3.3%
OKTA Okta Inc. 0.03% 1,674 $145K Reduce -55.3%
NUE Nucor Corp. 0.03% 879 $143K Add +118.7%
NET Cloudflare Inc. Class A 0.03% 726 $143K Reduce -86.2%
EBAY eBay Inc. 0.03% 1,640 $143K Reduce -51.9%
TER Teradyne Inc. 0.03% 719 $139K Reduce -95.7%
RVTY Revvity Inc. 0.03% 1,412 $137K Reduce -9.0%
SBUX Starbucks Corp. 0.03% 1,581 $133K Reduce -28.5%
HIG Hartford Insurance Group Inc. 0.02% 847 $117K No change
TRGP Targa Resources Corp. 0.02% 627 $116K Add +7.4%
PGR Progressive Corp. 0.02% 451 $103K Reduce -93.5%
EXR Extra Space Storage Inc. 0.02% 741 $96K Reduce -48.5%
CARR Carrier Global Corp. 0.02% 1,769 $93K No change
AMP Ameriprise Financial Inc. 0.02% 181 $89K No change
DVN Devon Energy Corp. 0.02% 2,415 $88K No change
STOK Stoke Therapeutics Inc. 0.02% 2,471 $78K Add +41.0%
SLB SLB Ltd. filed as SLB LIMITED 0.01% 1,886 $72K No change
KHC The Kraft Heinz Co. 0.01% 2,760 $67K Add +222.1%
MCO Moody's Corp. 0.01% 128 $65K No change
MSCI MSCI Inc. 0.01% 107 $61K No change
TTI Tetra Technologies Inc. 0.01% 5,809 $54K New
FTV Fortive Corp. 0.01% 974 $54K No change
URI United Rentals Inc. 0.01% 60 $49K New
CW Curtiss-Wright Corp. 0.01% 88 $49K New
BRO Brown & Brown Inc. 0.01% 542 $43K No change
DD Dupont DE Nemours Inc. 0.01% 706 $28K No change
FDS Factset Research Systems Inc. 0.01% 95 $28K No change

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -25.2% 4.87% −2.43
AAPL Apple Inc. Reduce -18.6% 4.57% −0.94
HIMS Hims & Hers Health Inc. Sold out 0.00% −0.66
NVDA Nvidia Corp. Reduce -2.9% 7.12% −0.56
PANW Palo Alto Networks Inc. Reduce -11.5% 1.77% −0.54
VEEV Veeva Systems Inc. Class A Reduce -31.4% 0.50% −0.51
TER Teradyne Inc. Reduce -95.7% 0.03% −0.45
PSA Public Storage Reduce -64.7% 0.19% −0.44
ITW Illinois Tool Works Reduce -65.3% 0.18% −0.39
MPWR Monolithic Power Systems Inc. Reduce -88.2% 0.05% −0.37
GLW Corning Inc. Reduce -77.6% 0.11% −0.36
PGR Progressive Corp. Reduce -93.5% 0.02% −0.34
SNPS Synopsys Inc. Sold out 0.00% −0.33
AVAV Aerovironment Inc. Sold out 0.00% −0.26
GS Goldman Sachs Group Inc. Reduce -28.7% 0.79% −0.26
UNH Unitedhealth Group Inc. Reduce -22.9% 0.62% −0.26
SRE Sempra Reduce -50.7% 0.21% −0.24
VRSN Verisign Inc. Reduce -76.2% 0.06% −0.24
DIS The Walt Disney Co. Reduce -29.8% 0.46% −0.23
FTNT Fortinet Inc. Sold out 0.00% −0.23
HD Home Depot Inc. Reduce -17.0% 0.43% −0.21
NET Cloudflare Inc. Class A Reduce -86.2% 0.03% −0.21
AIG American International Group Reduce -53.9% 0.17% −0.19
JPM JPMorgan Chase & Co. Reduce -12.5% 1.07% −0.18
ADP Automatic Data Processing Reduce -36.5% 0.21% −0.18
NOW ServiceNow Inc. Reduce -31.9% 0.20% −0.17
NKE Nike Inc. Class B Reduce -47.6% 0.14% −0.17
D Dominion Energy Inc. Reduce -22.0% 0.42% −0.17
EMR Emerson Electric Co. Reduce -37.7% 0.20% −0.13
VZ Verizon Communications Inc. Sold out 0.00% −0.12
BSX Boston Scientific Corp. Reduce -8.2% 0.74% −0.12
CCI Crown Castle Inc. Reduce -21.9% 0.25% −0.11
BKNG Booking Holdings Inc. Reduce -77.4% 0.03% −0.11
MA Mastercard Inc. Class A Reduce -21.4% 0.34% −0.11
C Citigroup Inc. Reduce -20.9% 0.69% −0.10
PM Philip Morris International Reduce -44.4% 0.11% −0.10
MDLZ Mondelez International Inc. Class A Reduce -59.3% 0.05% −0.09
SHW The Sherwin-Williams Co. Reduce -66.9% 0.04% −0.09
AVGO Broadcom Inc. Reduce -3.5% 2.48% −0.09
INTU Intuit Inc. Reduce -16.0% 0.29% −0.08
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.08
GEHC GE Healthcare Technology Reduce -40.8% 0.13% −0.08
EQT Eqt Corp. Reduce -17.9% 0.25% −0.07
EOG EOG Resources Inc. Reduce -41.0% 0.08% −0.07
ECL Ecolab Inc. Reduce -28.8% 0.13% −0.07
SMR Nuscale Power Corp. Sold out 0.00% −0.07
TXN Texas Instruments Inc. Reduce -54.0% 0.05% −0.07
ELV Elevance Health Inc. Reduce -47.0% 0.07% −0.06
MO Altria Group Inc. Reduce -24.7% 0.10% −0.06
HCA HCA Healthcare Inc. Reduce -31.5% 0.15% −0.06

Portfolio Buys Q3 2025 → Q4 2025
TSLA Tesla Inc. Add +39.7% 7.36% +1.91
META Meta Platforms Inc. Class A Add +34.4% 6.15% +0.82
AMAT Applied Materials Inc. Add +132.8% 1.17% +0.75
CRWD CrowdStrike Holdings Inc. Class A Add +84.0% 1.67% +0.68
AMD Advanced Micro Devices Add +46.5% 1.45% +0.67
LRCX Lam Research Corp. Add +62.0% 1.24% +0.61
PLTR Palantir Technologies Inc. Class A Add +32.2% 2.73% +0.51
ROKU Roku Inc. Add +468.7% 0.58% +0.48
INTC Intel Corp. Add +355.1% 0.58% +0.46
MCD McDonald's Corp. Add +70.3% 0.98% +0.38
MRK Merck & Co. Inc. Add +32.2% 1.03% +0.38
CL Colgate-Palmolive Co. Add +790.6% 0.42% +0.37
ADBE Adobe Inc. Add +310.4% 0.48% +0.36
DELL Dell Technologies -C Add +137.7% 0.68% +0.34
AMZN Amazon.com Inc. Add +4.7% 6.51% +0.32
PFE Pfizer Inc. Add +84.5% 0.71% +0.30
ISRG Intuitive Surgical Inc. Add +13.5% 0.95% +0.26
GILD Gilead Sciences Inc. Add +37.9% 0.66% +0.21
APP AppLovin Corp. Class A Add +245.1% 0.28% +0.19
IBM Intl Business Machines Corp. Add +26.9% 0.85% +0.18
JNJ Johnson & Johnson Add +5.2% 1.36% +0.15
SNOW Snowflake Inc. Add +42.7% 0.60% +0.15
REGN Regeneron Pharmaceuticals Add +55.2% 0.29% +0.15
ORCL Oracle Corp. Add +82.6% 0.81% +0.14
MCK McKesson Corp. Add +500.0% 0.17% +0.14
STLD Steel Dynamics Inc. Add +552.8% 0.15% +0.13
AMGN Amgen Inc. Add +15.6% 0.58% +0.13
CRM Salesforce Inc. Add +46.4% 0.35% +0.13
PG The Procter & Gamble Co. Add +54.8% 0.44% +0.12
DHR Danaher Corp. Add +8.0% 0.74% +0.12
TWLO Twilio Inc. Class A Add +33.1% 0.26% +0.11
CSCO Cisco Systems Inc. Add +10.3% 0.73% +0.11
NBIX Neurocrine Biosciences Inc. Add +79.7% 0.25% +0.11
WFC Wells Fargo & Co. Add +35.5% 0.34% +0.10
ZETA Zeta Global Holdings Corp. Class A Add +65.1% 0.25% +0.09
BIIB Biogen Inc. Add +10.1% 0.38% +0.09
CMCSA Comcast Corp. Class A Add +455.6% 0.11% +0.09
RTX RTX Corp. Add +116.5% 0.14% +0.08
ALNY Alnylam Pharmaceuticals Inc. New 0.08% +0.08
APH Amphenol Corp. Class A Add +42.0% 0.21% +0.07
VRTX Vertex Pharmaceuticals Inc. Add +30.6% 0.21% +0.07
QCOM Qualcomm Inc. Add +21.3% 0.38% +0.06
GEV GE Vernova Inc. Add +693.5% 0.06% +0.06
BDX Becton Dickinson and Co. Add +71.3% 0.13% +0.06
WMT Walmart Inc. Add +21.3% 0.26% +0.05
WAT Waters Corp. Add +117.8% 0.08% +0.05
CVS CVS Health Corp. Add +23.2% 0.24% +0.05
HUM Humana Inc. Add +333.7% 0.06% +0.04
TMDX Transmedics Group Inc. Add +138.1% 0.07% +0.04
CEG Constellation Energy Add +25.9% 0.15% +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