Generali Investments Towarzystwo Funduszy Inwestycyjnych

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed February 5, 2025), Generali Investments Towarzystwo Funduszy Inwestycyjnych reported 120 stock positions worth $145.2 million. Its top holding was Alphabet Class A (GOOGL) at 5.1% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Nvidia (NVDA, 4.1%). Compared with Q4 2023, it opened 3 new positions, sold out of 2, added to 52 and reduced 28. The biggest buy was Alphabet Class A (GOOGL, shares +104%) and the biggest sale Amazon.com (AMZN, shares −43%).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002043130
Portfolio Value
$145.2M (Q1 2024)
SEC Filing
0002043130-25-000004 ↗ filed Feb 5, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $145.2M $145.2M Q1 2024 Q2 2024: $153.8M Q2 2024 Q3 2024: $157.5M Q3 2024 Q4 2024: $172.4M Q4 2024 Q1 2025: $157.5M Q1 2025 Q2 2025: $191.6M Q2 2025 Q3 2025: $188.7M Q3 2025 Q4 2025: $205.5M Q4 2025 Q1 2026: $193.7M Q1 2026 Q2 2026: $249.0M Q2 2026

Holdings 120 stocks · $145.2M
GOOGL Alphabet Inc. Class A 5.07% 48,809 $7.4M Add +104.3%
MSFT Microsoft Corp. 4.16% 14,351 $6.0M Add +1.3%
NVDA Nvidia Corp. 4.08% 6,551 $5.9M Reduce -16.6%
ADI Analog Devices Inc. 3.24% 23,751 $4.7M Add +36.6%
ADBE Adobe Inc. 3.20% 9,220 $4.7M Add +43.0%
MU Micron Technology Inc. 3.06% 37,644 $4.4M Reduce -9.6%
AAPL Apple Inc. 2.75% 23,321 $4.0M Add +22.4%
AMAT Applied Materials Inc. 2.69% 18,950 $3.9M Reduce -12.5%
TTWO Take-Two Interactive Softwre 2.37% 23,177 $3.4M Add +18.0%
NKE Nike Inc. Class B 2.27% 35,011 $3.3M Add +44.6%
AMZN Amazon.com Inc. 2.22% 17,892 $3.2M Reduce -43.2%
AMD Advanced Micro Devices 2.18% 17,532 $3.2M Reduce -29.1%
NOW ServiceNow Inc. 2.05% 3,900 $3.0M Add +21.9%
MDB Mongodb Inc. 1.78% 7,200 $2.6M Add +65.5%
HUBS HubSpot Inc. 1.77% 4,100 $2.6M Add +9.3%
ISRG Intuitive Surgical Inc. 1.76% 6,400 $2.6M Reduce -13.5%
TSLA Tesla Inc. 1.70% 14,054 $2.5M Add +97.9%
PANW Palo Alto Networks Inc. 1.66% 8,500 $2.4M Add +14.9%
CRWD CrowdStrike Holdings Inc. Class A 1.66% 7,500 $2.4M Reduce -10.2%
DDOG Datadog Inc. Class A 1.55% 18,200 $2.2M Add +18.2%
MA Mastercard Inc. Class A 1.52% 4,587 $2.2M Add +91.1%
MRVL Marvell Technology Inc. 1.51% 31,000 $2.2M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.48% 56,780 $2.2M Reduce -6.9%
BSX Boston Scientific Corp. 1.42% 30,000 $2.1M No change
MTCH Match Group Inc. 1.27% 51,000 $1.9M Add +18.6%
NET Cloudflare Inc. Class A 1.27% 19,000 $1.8M Add +22.6%
ZS Zscaler Inc. 1.19% 9,000 $1.7M Add +28.6%
MCHP Microchip Technology Inc. 1.14% 18,500 $1.7M Add +32.1%
SNOW Snowflake Inc. 1.11% 10,000 $1.6M New
GS Goldman Sachs Group Inc. 1.11% 3,861 $1.6M Reduce -9.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.07% 12,686 $1.6M Add +6.3%
META Meta Platforms Inc. Class A 1.04% 3,100 $1.5M No change
SHOP Shopify Inc. Class A 1.01% 19,100 $1.5M Add +7.9%
KO The Coca-Cola Co. 0.98% 23,325 $1.4M Add +22.6%
DE Deere & Co. 0.95% 3,347 $1.4M Add +67.3%
OXY Occidental Petroleum Corp. 0.95% 21,124 $1.4M Add +50.9%
DHR Danaher Corp. 0.91% 5,277 $1.3M Add +7.3%
EXAS Exact Sciences Corp. 0.90% 19,000 $1.3M New
TOST Toast Inc. Class A 0.89% 52,000 $1.3M Add +40.5%
CBRE CBRE Group Inc. Class A 0.89% 13,300 $1.3M Reduce -1.5%
STAA Staar Surgical Co. 0.88% 33,500 $1.3M Add +31.4%
CRM Salesforce Inc. 0.84% 4,050 $1.2M Reduce -30.9%
TECH Bio-Techne Corp. 0.84% 17,266 $1.2M Add +32.8%
ENPH Enphase Energy Inc. 0.83% 10,000 $1.2M Add +400.0%
RTX RTX Corp. 0.82% 12,250 $1.2M No change
REGN Regeneron Pharmaceuticals 0.79% 1,197 $1.2M Reduce -4.0%
JPM JPMorgan Chase & Co. 0.79% 5,700 $1.1M No change
SBUX Starbucks Corp. 0.76% 12,130 $1.1M Add +18.7%
JNJ Johnson & Johnson 0.75% 6,858 $1.1M Add +10.4%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.74% 12,914 $1.1M Add +32.7%
HON Honeywell International Inc. 0.74% 5,200 $1.1M No change
MRK Merck & Co. Inc. 0.73% 8,000 $1.1M No change
AXP American Express Co. 0.72% 4,600 $1.0M Reduce -20.3%
MNST Monster Beverage Corp. 0.67% 16,500 $978K Add +6.5%
KHC The Kraft Heinz Co. 0.64% 25,022 $923K Add +22.7%
C Citigroup Inc. 0.63% 14,500 $917K Reduce -2.0%
RBLX Roblox Corp. Class A 0.63% 24,000 $916K New
DG Dollar General Corp. 0.58% 5,400 $843K Add +8.0%
CMG Chipotle Mexican Grill Inc. 0.56% 280 $814K No change
INTC Intel Corp. 0.55% 18,000 $795K Add +5.9%
CI The Cigna Group 0.54% 2,150 $781K Add +22.9%
SNAP Snap Inc. Class A 0.51% 65,000 $746K Add +6.6%
NTLA Intellia Therapeutics Inc. 0.51% 27,000 $743K Add +28.6%
AMGN Amgen Inc. 0.49% 2,500 $711K No change
GPN Global Payments Inc. 0.48% 5,250 $702K No change
CRSP Crispr Therapeutics AG 0.46% 9,700 $661K No change
CSCO Cisco Systems Inc. 0.45% 13,100 $654K Add +3.1%
T AT&T Inc. 0.44% 36,000 $634K Add +1.4%
STT State Street Corp. 0.38% 7,200 $557K Add +7.5%
WFC Wells Fargo & Co. 0.38% 9,537 $553K Add +46.7%
NFLX Netflix Inc. 0.38% 900 $547K Reduce -18.2%
GM General Motors Co. 0.33% 10,500 $476K No change
PYPL PayPal Holdings Inc. 0.32% 7,000 $469K Reduce -9.0%
MDT Medtronic PLC 0.30% 5,000 $436K No change
CIEN Ciena Corp. 0.27% 8,000 $396K No change
PFE Pfizer Inc. 0.27% 14,000 $389K No change
WMT Walmart Inc. 0.26% 6,207 $373K No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.24% 26,000 $345K Reduce -13.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.23% 1,750 $334K No change
AMED Amedisys Inc. 0.22% 3,400 $313K No change
ABT Abbott Laboratories 0.20% 2,526 $287K Add +24.4%
CVS CVS Health Corp. 0.19% 3,400 $271K No change
BMY Bristol-Myers Squibb Co. 0.18% 4,900 $266K No change
FDX FedEx Corp. 0.17% 850 $246K Reduce -47.7%
ELV Elevance Health Inc. 0.16% 450 $233K No change
KR Kroger Co. 0.15% 3,900 $223K Add +14.7%
B Barrick Gold Corp. 0.15% 13,000 $216K No change
LOGI Logitech International-Reg 0.15% 2,400 $215K Reduce -60.8%
VLO Valero Energy Corp. 0.14% 1,200 $205K No change
SONY Sony Group Corp. - SP ADR 0.14% 2,388 $205K Reduce -89.3%
CEG Constellation Energy 0.14% 1,100 $203K Reduce -21.4%
LEN Lennar Corp. Class A 0.13% 1,100 $189K Reduce -8.3%
WBD Warner Bros Discovery Inc. 0.13% 21,500 $188K Add +26.5%
DHI D.R. Horton Inc. 0.12% 1,100 $181K Reduce -8.3%
CTRA Coterra Energy Inc. 0.12% 6,000 $167K No change
HPE Hewlett Packard Enterprise 0.11% 9,200 $163K No change
TAP Molson Coors Beverage Co. Class B 0.11% 2,400 $161K Add +20.0%
GILD Gilead Sciences Inc. 0.11% 2,200 $161K Add +18.9%
PCAR Paccar Inc. 0.11% 1,300 $161K No change
MRO Marathon Oil Corp. 0.11% 5,400 $153K Add +10.2%

Show all 120 holdings

Portfolio Sells Q4 2023 → Q1 2024
AMZN Amazon.com Inc. Reduce -43.2% 2.22% −1.75
SONY Sony Group Corp. - SP ADR Reduce -89.3% 0.14% −1.62
AMD Advanced Micro Devices Reduce -29.1% 2.18% −0.85
CRM Salesforce Inc. Reduce -30.9% 0.84% −0.44
LOGI Logitech International-Reg Reduce -60.8% 0.15% −0.33
ISRG Intuitive Surgical Inc. Reduce -13.5% 1.76% −0.32
GS Goldman Sachs Group Inc. Reduce -9.4% 1.11% −0.26
AMAT Applied Materials Inc. Reduce -12.5% 2.69% −0.22
BAC Bank of America Corp. Reduce -6.9% 1.48% −0.22
AXP American Express Co. Reduce -20.3% 0.72% −0.18
FDX FedEx Corp. Reduce -47.7% 0.17% −0.17
CBRE CBRE Group Inc. Class A Reduce -1.5% 0.89% −0.15
ADM Archer-Daniels-Midland Co. Reduce -73.7% 0.03% −0.14
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.12
REGN Regeneron Pharmaceuticals Reduce -4.0% 0.79% −0.12
CRWD CrowdStrike Holdings Inc. Class A Reduce -10.2% 1.66% −0.12
PYPL PayPal Holdings Inc. Reduce -9.0% 0.32% −0.07
NFLX Netflix Inc. Reduce -18.2% 0.38% −0.07
F Ford Motor Co. Reduce -13.3% 0.24% −0.07
DHI D.R. Horton Inc. Reduce -8.3% 0.12% −0.03
ON On Semiconductor Reduce -11.1% 0.04% −0.02
VLTO Veralto Corp. Sold out 0.00% −0.02
LEN Lennar Corp. Class A Reduce -8.3% 0.13% −0.02
ABBV Abbvie Inc. Reduce -16.7% 0.06% −0.01
URI United Rentals Inc. Reduce -12.5% 0.10% −0.01
C Citigroup Inc. Reduce -2.0% 0.63% −0.00
DELL Dell Technologies -C Reduce -20.0% 0.06% −0.00
CEG Constellation Energy Reduce -21.4% 0.14% +0.00
MU Micron Technology Inc. Reduce -9.6% 3.06% +0.10
NVDA Nvidia Corp. Reduce -16.6% 4.08% +0.85

Portfolio Buys Q4 2023 → Q1 2024
GOOGL Alphabet Inc. Class A Add +104.3% 5.07% +2.30
SNOW Snowflake Inc. New 1.11% +1.11
EXAS Exact Sciences Corp. New 0.90% +0.90
MA Mastercard Inc. Class A Add +91.1% 1.52% +0.67
RBLX Roblox Corp. Class A New 0.63% +0.63
ENPH Enphase Energy Inc. Add +400.0% 0.83% +0.61
ADI Analog Devices Inc. Add +36.6% 3.24% +0.37
TOST Toast Inc. Class A Add +40.5% 0.89% +0.33
MDB Mongodb Inc. Add +65.5% 1.78% +0.30
DE Deere & Co. Add +67.3% 0.95% +0.28
OXY Occidental Petroleum Corp. Add +50.9% 0.95% +0.25
TSLA Tesla Inc. Add +97.9% 1.70% +0.24
STAA Staar Surgical Co. Add +31.4% 0.88% +0.22
NET Cloudflare Inc. Class A Add +22.6% 1.27% +0.19
DIS The Walt Disney Co. Add +6.3% 1.07% +0.17
NOW ServiceNow Inc. Add +21.9% 2.05% +0.17
WFC Wells Fargo & Co. Add +46.7% 0.38% +0.11
CI The Cigna Group Add +22.9% 0.54% +0.10
CF CF Industries Holdings Inc. Add +32.7% 0.74% +0.10
MCHP Microchip Technology Inc. Add +32.1% 1.14% +0.09
NKE Nike Inc. Class B Add +44.6% 2.27% +0.08
KO The Coca-Cola Co. Add +22.6% 0.98% +0.05
KR Kroger Co. Add +14.7% 0.15% +0.02
CMI Cummins Inc. Add +25.0% 0.08% +0.02
DG Dollar General Corp. Add +8.0% 0.58% +0.02
ABT Abbott Laboratories Add +24.4% 0.20% +0.01
TAP Molson Coors Beverage Co. Class B Add +20.0% 0.11% +0.01
KHC The Kraft Heinz Co. Add +22.7% 0.64% +0.01
ADBE Adobe Inc. Add +43.0% 3.20% +0.01
MRO Marathon Oil Corp. Add +10.2% 0.11% +0.01
EOG EOG Resources Inc. Add +22.2% 0.10% +0.01
LYB Lyondellbasell Indu Class A Add +18.8% 0.07% +0.00
TECH Bio-Techne Corp. Add +32.8% 0.84% +0.00
DDOG Datadog Inc. Class A Add +18.2% 1.55% −0.00
JAZZ Jazz Pharmaceuticals PLC Add +10.0% 0.09% −0.01
GILD Gilead Sciences Inc. Add +18.9% 0.11% −0.01
NTLA Intellia Therapeutics Inc. Add +28.6% 0.51% −0.02
MTCH Match Group Inc. Add +18.6% 1.27% −0.03
WBD Warner Bros Discovery Inc. Add +26.5% 0.13% −0.03
DHR Danaher Corp. Add +7.3% 0.91% −0.04
HUBS HubSpot Inc. Add +9.3% 1.77% −0.04
STT State Street Corp. Add +7.5% 0.38% −0.05
SBUX Starbucks Corp. Add +18.7% 0.76% −0.05
T AT&T Inc. Add +1.4% 0.44% −0.06
JNJ Johnson & Johnson Add +10.4% 0.75% −0.06
MNST Monster Beverage Corp. Add +6.5% 0.67% −0.07
CSCO Cisco Systems Inc. Add +3.1% 0.45% −0.08
ZS Zscaler Inc. Add +28.6% 1.19% −0.10
SHOP Shopify Inc. Class A Add +7.9% 1.01% −0.13
PANW Palo Alto Networks Inc. Add +14.9% 1.66% −0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 151$249.0MNVDA, MSFT, AMZN, GOOGL, AMD
Q1 2026 146$193.7MMSFT, NVDA, AMZN, GOOGL, AAPL
Q4 2025 141$205.5MMSFT, NVDA, GOOGL, ADI, AMZN
Q3 2025 142$188.7MMSFT, NVDA, GOOGL, ADI, ADBE
Q2 2025 145$191.6MMSFT, NVDA, GOOGL, ADI, AMD
Q1 2025 144$157.5MMSFT, GOOGL, ADI, ADBE, NVDA
Q4 2024 143$172.4MGOOGL, MSFT, NVDA, ADI, ADBE
Q3 2024 124$157.5MGOOGL, MSFT, NVDA, ADBE, AAPL
Q2 2024 121$153.8MGOOGL, NVDA, MSFT, ADBE, AAPL
Q1 2024 120$145.2MGOOGL, MSFT, NVDA, ADI, ADBE