Generali Investments Towarzystwo Funduszy Inwestycyjnych

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed February 5, 2025), Generali Investments Towarzystwo Funduszy Inwestycyjnych reported 121 stock positions worth $153.8 million. Its top holding was Alphabet Class A (GOOGL) at 5.3% of the portfolio, followed by Nvidia (NVDA, 4.6%) and Microsoft (MSFT, 4.2%). Compared with Q1 2024, it opened 3 new positions, sold out of 2, added to 45 and reduced 29. The biggest buy was a new position in Accenture Class A (ACN) and the biggest sale Micron Technology (MU, shares −38%).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002043130
Portfolio Value
$153.8M (Q2 2024)
SEC Filing
0002043130-25-000003 ↗ filed Feb 5, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $145.2M Q1 2024 Q2 2024: $153.8M $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 121 stocks · $153.8M
GOOGL Alphabet Inc. Class A 5.28% 44,609 $8.1M Reduce -8.6%
NVDA Nvidia Corp. 4.58% 57,010 $7.0M Reduce -13.0%
MSFT Microsoft Corp. 4.20% 14,460 $6.5M Add +0.8%
ADBE Adobe Inc. 3.91% 10,816 $6.0M Add +17.3%
AAPL Apple Inc. 3.35% 24,476 $5.2M Add +5.0%
ADI Analog Devices Inc. 3.30% 22,251 $5.1M Reduce -6.3%
AMD Advanced Micro Devices 2.35% 22,332 $3.6M Add +27.4%
AMAT Applied Materials Inc. 2.35% 15,350 $3.6M Reduce -19.0%
TTWO Take-Two Interactive Softwre 2.33% 23,061 $3.6M Reduce -0.5%
NOW ServiceNow Inc. 2.30% 4,500 $3.5M Add +15.4%
AMZN Amazon.com Inc. 2.25% 17,892 $3.5M No change
HUBS HubSpot Inc. 2.05% 5,350 $3.2M Add +30.5%
MU Micron Technology Inc. 2.00% 23,344 $3.1M Reduce -38.0%
PANW Palo Alto Networks Inc. 1.96% 8,900 $3.0M Add +4.7%
TSLA Tesla Inc. 1.95% 15,154 $3.0M Add +7.8%
DDOG Datadog Inc. Class A 1.85% 22,000 $2.9M Add +20.9%
CRWD CrowdStrike Holdings Inc. Class A 1.84% 7,400 $2.8M Reduce -1.3%
ISRG Intuitive Surgical Inc. 1.71% 5,900 $2.6M Reduce -7.8%
NKE Nike Inc. Class B 1.63% 33,239 $2.5M Reduce -5.1%
MDB Mongodb Inc. 1.56% 9,600 $2.4M Add +33.3%
ZS Zscaler Inc. 1.55% 12,400 $2.4M Add +37.8%
MA Mastercard Inc. Class A 1.49% 5,187 $2.3M Add +13.1%
MRVL Marvell Technology Inc. 1.45% 32,000 $2.2M Add +3.2%
BSX Boston Scientific Corp. 1.40% 28,000 $2.2M Reduce -6.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.36% 52,780 $2.1M Reduce -7.0%
SNOW Snowflake Inc. 1.30% 14,800 $2.0M Add +48.0%
NET Cloudflare Inc. Class A 1.29% 24,000 $2.0M Add +26.3%
GS Goldman Sachs Group Inc. 1.10% 3,741 $1.7M Reduce -3.1%
SHOP Shopify Inc. Class A 1.07% 25,000 $1.6M Add +30.9%
STAA Staar Surgical Co. 1.07% 34,500 $1.6M Add +3.0%
MTCH Match Group Inc. 1.05% 53,000 $1.6M Add +3.9%
MCHP Microchip Technology Inc. 1.01% 16,900 $1.5M Reduce -8.7%
KO The Coca-Cola Co. 0.97% 23,350 $1.5M Add +0.1%
ACN Accenture PLC Class A 0.94% 4,782 $1.5M New
META Meta Platforms Inc. Class A 0.92% 2,800 $1.4M Reduce -9.7%
OXY Occidental Petroleum Corp. 0.86% 20,924 $1.3M Reduce -0.9%
DHR Danaher Corp. 0.86% 5,277 $1.3M No change
DE Deere & Co. 0.81% 3,347 $1.3M No change
TECH Bio-Techne Corp. 0.80% 17,266 $1.2M No change
RBLX Roblox Corp. Class A 0.80% 33,000 $1.2M Add +37.5%
RTX RTX Corp. 0.79% 12,100 $1.2M Reduce -1.2%
TOST Toast Inc. Class A 0.79% 47,000 $1.2M Reduce -9.6%
REGN Regeneron Pharmaceuticals 0.78% 1,147 $1.2M Reduce -4.2%
CBRE CBRE Group Inc. Class A 0.76% 13,200 $1.2M Reduce -0.8%
SBUX Starbucks Corp. 0.76% 15,050 $1.2M Add +24.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.75% 11,686 $1.2M Reduce -7.9%
MNST Monster Beverage Corp. 0.75% 23,171 $1.2M Add +40.4%
JPM JPMorgan Chase & Co. 0.75% 5,700 $1.2M No change
JNJ Johnson & Johnson 0.74% 7,805 $1.1M Add +13.8%
HON Honeywell International Inc. 0.72% 5,200 $1.1M No change
EXAS Exact Sciences Corp. 0.70% 25,500 $1.1M Add +34.2%
AXP American Express Co. 0.69% 4,600 $1.1M No change
CRM Salesforce Inc. 0.68% 4,050 $1.0M No change
ENPH Enphase Energy Inc. 0.65% 10,000 $997K No change
MRK Merck & Co. Inc. 0.64% 8,000 $990K No change
BEAM Beam Therapeutics Inc. 0.64% 42,000 $984K New
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.63% 13,064 $968K Add +1.2%
C Citigroup Inc. 0.60% 14,500 $920K No change
KHC The Kraft Heinz Co. 0.59% 28,022 $903K Add +12.0%
CMG Chipotle Mexican Grill Inc. 0.51% 12,500 $783K Reduce -10.7%
CRSP Crispr Therapeutics AG 0.49% 14,000 $756K Add +44.3%
NTLA Intellia Therapeutics Inc. 0.48% 33,000 $739K Add +22.2%
DG Dollar General Corp. 0.47% 5,500 $727K Add +1.9%
AMGN Amgen Inc. 0.47% 2,300 $719K Reduce -8.0%
CI The Cigna Group 0.46% 2,150 $711K No change
T AT&T Inc. 0.43% 35,000 $669K Reduce -2.8%
CSCO Cisco Systems Inc. 0.43% 13,900 $660K Add +6.1%
INTC Intel Corp. 0.40% 20,000 $619K Add +11.1%
GPN Global Payments Inc. 0.35% 5,550 $537K Add +5.7%
STT State Street Corp. 0.35% 7,200 $533K No change
WFC Wells Fargo & Co. 0.34% 8,837 $525K Reduce -7.3%
GM General Motors Co. 0.32% 10,500 $488K No change
NFLX Netflix Inc. 0.31% 700 $472K Reduce -22.2%
CIEN Ciena Corp. 0.28% 9,000 $434K Add +12.5%
WMT Walmart Inc. 0.27% 6,207 $420K No change
PFE Pfizer Inc. 0.27% 14,600 $409K Add +4.3%
PYPL PayPal Holdings Inc. 0.26% 7,000 $406K No change
MDT Medtronic PLC 0.26% 5,000 $394K No change
SONY Sony Group Corp. - SP ADR 0.24% 4,285 $364K Add +79.4%
F Ford Motor Co. filed as FORD MTR CO DEL 0.21% 26,000 $326K No change
AMED Amedisys Inc. 0.20% 3,400 $312K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.20% 1,750 $303K No change
FDX FedEx Corp. 0.19% 1,000 $300K Add +17.6%
ABT Abbott Laboratories 0.17% 2,526 $262K No change
ELV Elevance Health Inc. 0.16% 450 $244K No change
CVS CVS Health Corp. 0.14% 3,700 $219K Add +8.8%
B Barrick Gold Corp. 0.14% 13,000 $217K No change
BMY Bristol-Myers Squibb Co. 0.13% 4,900 $203K No change
VLO Valero Energy Corp. 0.13% 1,250 $196K Add +4.2%
HPE Hewlett Packard Enterprise 0.13% 9,200 $195K No change
CTRA Coterra Energy Inc. 0.12% 7,000 $187K Add +16.7%
PCAR Paccar Inc. 0.12% 1,800 $185K Add +38.5%
TAP Molson Coors Beverage Co. Class B 0.12% 3,600 $183K Add +50.0%
KR Kroger Co. 0.12% 3,600 $180K Reduce -7.7%
LOGI Logitech International-Reg 0.11% 1,800 $174K Reduce -25.0%
LEN Lennar Corp. Class A 0.11% 1,100 $165K No change
GILD Gilead Sciences Inc. 0.11% 2,400 $165K Add +9.1%
WBD Warner Bros Discovery Inc. 0.10% 21,500 $160K No change
DHI D.R. Horton Inc. 0.10% 1,100 $155K No change
MRO Marathon Oil Corp. 0.10% 5,400 $155K No change
MET Metlife Inc. 0.10% 2,100 $147K Add +10.5%
EOG EOG Resources Inc. 0.09% 1,100 $138K No change
URI United Rentals Inc. 0.09% 210 $136K No change
AIG American International Group 0.08% 1,700 $126K No change
CEG Constellation Energy 0.08% 600 $120K Reduce -45.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.08% 2,000 $120K No change
JAZZ Jazz Pharmaceuticals PLC 0.08% 1,100 $117K No change
WY Weyerhaeuser Co. 0.07% 4,000 $114K New
RNG Ringcentral Inc. Class A 0.07% 4,000 $113K No change
CMI Cummins Inc. 0.07% 400 $111K No change
DELL Dell Technologies -C 0.07% 800 $110K No change
FISV Fiserv Inc. 0.07% 700 $104K No change
ABBV Abbvie Inc. 0.07% 600 $103K Add +20.0%
TSN Tyson Foods Inc. Class A 0.06% 1,600 $91K Reduce -20.0%
LYB Lyondellbasell Indu Class A 0.06% 950 $91K No change
CAG Conagra Brands Inc. 0.06% 3,100 $88K No change
LUV Southwest Airlines Co. 0.06% 3,000 $86K Add +30.4%
NXPI NXP Semiconductors NV 0.05% 300 $81K No change
FIS Fidelity National Info Serv 0.05% 1,000 $75K No change
ON On Semiconductor 0.04% 800 $55K No change
MRNA Moderna Inc. 0.03% 400 $48K No change

Portfolio Sells Q1 2024 → Q2 2024
MU Micron Technology Inc. Reduce -38.0% 2.00% −1.06
NKE Nike Inc. Class B Reduce -5.1% 1.63% −0.64
SNAP Snap Inc. Class A Sold out 0.00% −0.51
AMAT Applied Materials Inc. Reduce -19.0% 2.35% −0.34
DIS The Walt Disney Co. Reduce -7.9% 0.75% −0.31
MCHP Microchip Technology Inc. Reduce -8.7% 1.01% −0.14
CBRE CBRE Group Inc. Class A Reduce -0.8% 0.76% −0.13
META Meta Platforms Inc. Class A Reduce -9.7% 0.92% −0.12
BAC Bank of America Corp. Reduce -7.0% 1.36% −0.12
TOST Toast Inc. Class A Reduce -9.6% 0.79% −0.11
OXY Occidental Petroleum Corp. Reduce -0.9% 0.86% −0.09
NFLX Netflix Inc. Reduce -22.2% 0.31% −0.07
CEG Constellation Energy Reduce -45.5% 0.08% −0.06
ISRG Intuitive Surgical Inc. Reduce -7.8% 1.71% −0.05
CMG Chipotle Mexican Grill Inc. Reduce -10.7% 0.51% −0.05
WFC Wells Fargo & Co. Reduce -7.3% 0.34% −0.04
TTWO Take-Two Interactive Softwre Reduce -0.5% 2.33% −0.04
KR Kroger Co. Reduce -7.7% 0.12% −0.04
LOGI Logitech International-Reg Reduce -25.0% 0.11% −0.04
RTX RTX Corp. Reduce -1.2% 0.79% −0.03
ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.03
AMGN Amgen Inc. Reduce -8.0% 0.47% −0.02
TSN Tyson Foods Inc. Class A Reduce -20.0% 0.06% −0.02
BSX Boston Scientific Corp. Reduce -6.7% 1.40% −0.01
GS Goldman Sachs Group Inc. Reduce -3.1% 1.10% −0.01
REGN Regeneron Pharmaceuticals Reduce -4.2% 0.78% −0.01
T AT&T Inc. Reduce -2.8% 0.43% −0.00
ADI Analog Devices Inc. Reduce -6.3% 3.30% +0.07
CRWD CrowdStrike Holdings Inc. Class A Reduce -1.3% 1.84% +0.19
GOOGL Alphabet Inc. Class A Reduce -8.6% 5.28% +0.21
NVDA Nvidia Corp. Reduce -13.0% 4.58% +0.50

Portfolio Buys Q1 2024 → Q2 2024
ACN Accenture PLC Class A New 0.94% +0.94
ADBE Adobe Inc. Add +17.3% 3.91% +0.70
BEAM Beam Therapeutics Inc. New 0.64% +0.64
AAPL Apple Inc. Add +5.0% 3.35% +0.60
ZS Zscaler Inc. Add +37.8% 1.55% +0.36
DDOG Datadog Inc. Class A Add +20.9% 1.85% +0.31
PANW Palo Alto Networks Inc. Add +4.7% 1.96% +0.30
HUBS HubSpot Inc. Add +30.5% 2.05% +0.28
NOW ServiceNow Inc. Add +15.4% 2.30% +0.25
TSLA Tesla Inc. Add +7.8% 1.95% +0.25
SNOW Snowflake Inc. Add +48.0% 1.30% +0.19
STAA Staar Surgical Co. Add +3.0% 1.07% +0.18
AMD Advanced Micro Devices Add +27.4% 2.35% +0.18
RBLX Roblox Corp. Class A Add +37.5% 0.80% +0.17
SONY Sony Group Corp. - SP ADR Add +79.4% 0.24% +0.10
MNST Monster Beverage Corp. Add +40.4% 0.75% +0.08
WY Weyerhaeuser Co. New 0.07% +0.07
SHOP Shopify Inc. Class A Add +30.9% 1.07% +0.06
MSFT Microsoft Corp. Add +0.8% 4.20% +0.04
CRSP Crispr Therapeutics AG Add +44.3% 0.49% +0.04
NET Cloudflare Inc. Class A Add +26.3% 1.29% +0.03
FDX FedEx Corp. Add +17.6% 0.19% +0.03
LUV Southwest Airlines Co. Add +30.4% 0.06% +0.01
PCAR Paccar Inc. Add +38.5% 0.12% +0.01
CIEN Ciena Corp. Add +12.5% 0.28% +0.01
TAP Molson Coors Beverage Co. Class B Add +50.0% 0.12% +0.01
CTRA Coterra Energy Inc. Add +16.7% 0.12% +0.01
ABBV Abbvie Inc. Add +20.0% 0.07% +0.00
MET Metlife Inc. Add +10.5% 0.10% −0.00
SBUX Starbucks Corp. Add +24.1% 0.76% −0.00
PFE Pfizer Inc. Add +4.3% 0.27% −0.00
GILD Gilead Sciences Inc. Add +9.1% 0.11% −0.00
JNJ Johnson & Johnson Add +13.8% 0.74% −0.01
VLO Valero Energy Corp. Add +4.2% 0.13% −0.01
KO The Coca-Cola Co. Add +0.1% 0.97% −0.02
CSCO Cisco Systems Inc. Add +6.1% 0.43% −0.02
NTLA Intellia Therapeutics Inc. Add +22.2% 0.48% −0.03
MA Mastercard Inc. Class A Add +13.1% 1.49% −0.03
CVS CVS Health Corp. Add +8.8% 0.14% −0.04
KHC The Kraft Heinz Co. Add +12.0% 0.59% −0.05
MRVL Marvell Technology Inc. Add +3.2% 1.45% −0.06
DG Dollar General Corp. Add +1.9% 0.47% −0.11
CF CF Industries Holdings Inc. Add +1.2% 0.63% −0.11
GPN Global Payments Inc. Add +5.7% 0.35% −0.13
INTC Intel Corp. Add +11.1% 0.40% −0.14
EXAS Exact Sciences Corp. Add +34.2% 0.70% −0.20
MDB Mongodb Inc. Add +33.3% 1.56% −0.22
MTCH Match Group Inc. Add +3.9% 1.05% −0.23

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