Generali Investments Towarzystwo Funduszy Inwestycyjnych

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed February 5, 2025), Generali Investments Towarzystwo Funduszy Inwestycyjnych reported 124 stock positions worth $157.5 million. Its top holding was Alphabet Class A (GOOGL) at 4.8% of the portfolio, followed by Microsoft (MSFT, 4.4%) and Nvidia (NVDA, 4.3%). Compared with Q2 2024, it opened 3 new positions, added to 40 and reduced 27. The biggest buy was a new position in Bill (BILL) and the biggest sale Match (MTCH, shares −96%).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002043130
Portfolio Value
$157.5M (Q3 2024)
SEC Filing
0002043130-25-000002 ↗ 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 Q2 2024 Q3 2024: $157.5M $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 124 stocks · $157.5M
GOOGL Alphabet Inc. Class A 4.85% 46,030 $7.6M Add +3.2%
MSFT Microsoft Corp. 4.37% 16,010 $6.9M Add +10.7%
NVDA Nvidia Corp. 4.28% 55,510 $6.7M Reduce -2.6%
ADBE Adobe Inc. 3.62% 11,016 $5.7M Add +1.9%
AAPL Apple Inc. 3.56% 24,076 $5.6M Reduce -1.6%
ADI Analog Devices Inc. 3.44% 23,551 $5.4M Add +5.8%
HUBS HubSpot Inc. 2.50% 7,400 $3.9M Add +38.3%
AMD Advanced Micro Devices 2.37% 22,732 $3.7M Add +1.8%
TSLA Tesla Inc. 2.33% 14,054 $3.7M Reduce -7.3%
TTWO Take-Two Interactive Softwre 2.17% 22,261 $3.4M Reduce -3.5%
AMZN Amazon.com Inc. 2.15% 18,163 $3.4M Add +1.5%
NOW ServiceNow Inc. 2.04% 3,600 $3.2M Reduce -20.0%
DDOG Datadog Inc. Class A 1.94% 26,500 $3.0M Add +20.4%
AMAT Applied Materials Inc. 1.87% 14,550 $2.9M Reduce -5.2%
MU Micron Technology Inc. 1.77% 26,944 $2.8M Add +15.4%
MA Mastercard Inc. Class A 1.68% 5,365 $2.6M Add +3.4%
MRVL Marvell Technology Inc. 1.60% 35,000 $2.5M Add +9.4%
MDB Mongodb Inc. 1.60% 9,300 $2.5M Reduce -3.1%
PANW Palo Alto Networks Inc. 1.56% 7,200 $2.5M Reduce -19.1%
CRWD CrowdStrike Holdings Inc. Class A 1.46% 8,200 $2.3M Add +10.8%
SNOW Snowflake Inc. 1.40% 19,200 $2.2M Add +29.7%
BSX Boston Scientific Corp. 1.33% 25,000 $2.1M Reduce -10.7%
ISRG Intuitive Surgical Inc. 1.31% 4,200 $2.1M Reduce -28.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.30% 51,779 $2.1M Reduce -1.9%
SHOP Shopify Inc. Class A 1.27% 25,000 $2.0M No change
MCHP Microchip Technology Inc. 1.27% 24,900 $2.0M Add +47.3%
NET Cloudflare Inc. Class A 1.23% 24,000 $1.9M No change
KO The Coca-Cola Co. 1.16% 25,433 $1.8M Add +8.9%
GS Goldman Sachs Group Inc. 1.16% 3,691 $1.8M Reduce -1.3%
DE Deere & Co. 1.08% 4,088 $1.7M Add +22.1%
ACN Accenture PLC Class A 1.07% 4,782 $1.7M No change
ZS Zscaler Inc. 1.02% 9,400 $1.6M Reduce -24.2%
META Meta Platforms Inc. Class A 1.02% 2,800 $1.6M No change
NKE Nike Inc. Class B 1.01% 18,060 $1.6M Reduce -45.7%
DHR Danaher Corp. 0.93% 5,277 $1.5M No change
CBRE CBRE Group Inc. Class A 0.92% 11,700 $1.5M Reduce -11.4%
RTX RTX Corp. 0.92% 11,900 $1.4M Reduce -1.6%
TECH Bio-Techne Corp. 0.88% 17,266 $1.4M No change
SBUX Starbucks Corp. 0.87% 14,050 $1.4M Reduce -6.6%
STAA Staar Surgical Co. 0.85% 36,000 $1.3M Add +4.3%
MNST Monster Beverage Corp. 0.83% 25,171 $1.3M Add +8.6%
TOST Toast Inc. Class A 0.81% 45,000 $1.3M Reduce -4.3%
JNJ Johnson & Johnson 0.80% 7,805 $1.3M No change
OXY Occidental Petroleum Corp. 0.80% 24,369 $1.3M Add +16.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.80% 13,041 $1.3M Add +11.6%
AXP American Express Co. 0.79% 4,600 $1.2M No change
ENPH Enphase Energy Inc. 0.79% 11,000 $1.2M Add +10.0%
EXAS Exact Sciences Corp. 0.78% 18,000 $1.2M Reduce -29.4%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.78% 14,264 $1.2M Add +9.2%
REGN Regeneron Pharmaceuticals 0.73% 1,097 $1.2M Reduce -4.4%
KHC The Kraft Heinz Co. 0.70% 31,622 $1.1M Add +12.8%
CRM Salesforce Inc. 0.70% 4,050 $1.1M No change
BILL Bill Holdings Inc. 0.70% 21,000 $1.1M New
JPM JPMorgan Chase & Co. 0.70% 5,200 $1.1M Reduce -8.8%
FIVN FIVE9 Inc. 0.69% 38,000 $1.1M New
HON Honeywell International Inc. 0.68% 5,200 $1.1M No change
RBLX Roblox Corp. Class A 0.67% 24,000 $1.1M Reduce -27.3%
BEAM Beam Therapeutics Inc. 0.65% 42,000 $1.0M No change
MRK Merck & Co. Inc. 0.65% 9,000 $1.0M Add +12.5%
C Citigroup Inc. 0.57% 14,300 $895K Reduce -1.4%
T AT&T Inc. 0.49% 35,000 $770K No change
CI The Cigna Group 0.47% 2,150 $745K No change
AMGN Amgen Inc. 0.47% 2,300 $741K No change
CSCO Cisco Systems Inc. 0.47% 13,900 $740K No change
CMG Chipotle Mexican Grill Inc. 0.46% 12,500 $720K No change
NTLA Intellia Therapeutics Inc. 0.46% 35,000 $719K Add +6.1%
CRSP Crispr Therapeutics AG 0.45% 15,000 $705K Add +7.1%
GPN Global Payments Inc. 0.44% 6,700 $686K Add +20.7%
STT State Street Corp. 0.40% 7,200 $637K No change
CIEN Ciena Corp. 0.39% 10,000 $616K Add +11.1%
PYPL PayPal Holdings Inc. 0.35% 7,000 $546K No change
WFC Wells Fargo & Co. 0.32% 9,037 $511K Add +2.3%
INTC Intel Corp. 0.32% 21,200 $497K Add +6.0%
NFLX Netflix Inc. 0.32% 700 $496K No change
GM General Motors Co. 0.30% 10,500 $471K No change
DG Dollar General Corp. 0.30% 5,500 $465K No change
MDT Medtronic PLC 0.29% 5,000 $450K No change
ABT Abbott Laboratories 0.28% 3,882 $443K Add +53.7%
PFE Pfizer Inc. 0.27% 14,700 $425K Add +0.7%
SONY Sony Group Corp. - SP ADR 0.26% 4,285 $414K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.25% 1,750 $387K No change
AMED Amedisys Inc. 0.21% 3,400 $328K No change
F Ford Motor Co. filed as FORD MTR CO 0.19% 28,000 $296K Add +7.7%
FDX FedEx Corp. 0.18% 1,050 $287K Add +5.0%
B Barrick Gold Corp. 0.16% 13,000 $259K No change
BMY Bristol-Myers Squibb Co. 0.16% 4,900 $254K No change
CVS CVS Health Corp. 0.15% 3,700 $233K No change
WMT Walmart Inc. 0.14% 2,741 $221K Reduce -55.8%
DHI D.R. Horton Inc. 0.13% 1,100 $210K No change
ELV Elevance Health Inc. 0.13% 400 $208K Reduce -11.1%
TAP Molson Coors Beverage Co. Class B 0.13% 3,600 $207K No change
KR Kroger Co. 0.13% 3,600 $206K No change
LEN Lennar Corp. Class A 0.13% 1,100 $206K No change
CTRA Coterra Energy Inc. 0.13% 8,500 $204K Add +21.4%
GILD Gilead Sciences Inc. 0.13% 2,400 $201K No change
PCAR Paccar Inc. 0.13% 2,000 $197K Add +11.1%
VLO Valero Energy Corp. 0.12% 1,450 $196K Add +16.0%
HPE Hewlett Packard Enterprise 0.12% 9,200 $188K No change
WBD Warner Bros Discovery Inc. 0.11% 21,500 $177K No change
MET Metlife Inc. 0.11% 2,100 $173K No change
URI United Rentals Inc. 0.11% 210 $170K No change
LOGI Logitech International-Reg 0.10% 1,800 $161K No change
CEG Constellation Energy 0.10% 600 $156K No change
WY Weyerhaeuser Co. 0.10% 4,500 $152K Add +12.5%
MRO Marathon Oil Corp. 0.09% 5,400 $144K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.09% 2,000 $144K No change
JAZZ Jazz Pharmaceuticals PLC 0.09% 1,250 $139K Add +13.6%
EOG EOG Resources Inc. 0.09% 1,100 $135K No change
CMI Cummins Inc. 0.08% 400 $130K No change
RACE Ferrari NV 0.08% 270 $127K New
RNG Ringcentral Inc. Class A 0.08% 4,000 $127K No change
FISV Fiserv Inc. 0.08% 700 $126K No change
AIG American International Group 0.08% 1,700 $124K No change
LUV Southwest Airlines Co. 0.07% 3,500 $104K Add +16.7%
CAG Conagra Brands Inc. 0.06% 3,100 $101K No change
ABBV Abbvie Inc. 0.06% 500 $99K Reduce -16.7%
TSN Tyson Foods Inc. Class A 0.06% 1,600 $95K No change
DELL Dell Technologies -C 0.06% 800 $95K No change
LYB Lyondellbasell Indu Class A 0.06% 950 $91K No change
FIS Fidelity National Info Serv 0.05% 1,000 $84K No change
MTCH Match Group Inc. 0.05% 2,000 $76K Reduce -96.2%
NXPI NXP Semiconductors NV 0.05% 300 $72K No change
ON On Semiconductor 0.04% 800 $58K No change
MRNA Moderna Inc. 0.02% 400 $27K No change

Portfolio Sells Q2 2024 → Q3 2024
MTCH Match Group Inc. Reduce -96.2% 0.05% −1.00
NKE Nike Inc. Class B Reduce -45.7% 1.01% −0.61
ZS Zscaler Inc. Reduce -24.2% 1.02% −0.53
AMAT Applied Materials Inc. Reduce -5.2% 1.87% −0.49
PANW Palo Alto Networks Inc. Reduce -19.1% 1.56% −0.40
ISRG Intuitive Surgical Inc. Reduce -28.8% 1.31% −0.40
NVDA Nvidia Corp. Reduce -2.6% 4.28% −0.30
NOW ServiceNow Inc. Reduce -20.0% 2.04% −0.26
TTWO Take-Two Interactive Softwre Reduce -3.5% 2.17% −0.16
WMT Walmart Inc. Reduce -55.8% 0.14% −0.13
RBLX Roblox Corp. Class A Reduce -27.3% 0.67% −0.12
BSX Boston Scientific Corp. Reduce -10.7% 1.33% −0.07
BAC Bank of America Corp. Reduce -1.9% 1.30% −0.06
JPM JPMorgan Chase & Co. Reduce -8.8% 0.70% −0.05
REGN Regeneron Pharmaceuticals Reduce -4.4% 0.73% −0.05
C Citigroup Inc. Reduce -1.4% 0.57% −0.03
ELV Elevance Health Inc. Reduce -11.1% 0.13% −0.03
ABBV Abbvie Inc. Reduce -16.7% 0.06% −0.00
TOST Toast Inc. Class A Reduce -4.3% 0.81% +0.02
MDB Mongodb Inc. Reduce -3.1% 1.60% +0.04
GS Goldman Sachs Group Inc. Reduce -1.3% 1.16% +0.06
EXAS Exact Sciences Corp. Reduce -29.4% 0.78% +0.08
SBUX Starbucks Corp. Reduce -6.6% 0.87% +0.11
RTX RTX Corp. Reduce -1.6% 0.92% +0.13
CBRE CBRE Group Inc. Class A Reduce -11.4% 0.92% +0.16
AAPL Apple Inc. Reduce -1.6% 3.56% +0.21
TSLA Tesla Inc. Reduce -7.3% 2.33% +0.39

Portfolio Buys Q2 2024 → Q3 2024
BILL Bill Holdings Inc. New 0.70% +0.70
FIVN FIVE9 Inc. New 0.69% +0.69
HUBS HubSpot Inc. Add +38.3% 2.50% +0.45
DE Deere & Co. Add +22.1% 1.08% +0.27
MCHP Microchip Technology Inc. Add +47.3% 1.27% +0.26
MA Mastercard Inc. Class A Add +3.4% 1.68% +0.19
KO The Coca-Cola Co. Add +8.9% 1.16% +0.19
MSFT Microsoft Corp. Add +10.7% 4.37% +0.17
MRVL Marvell Technology Inc. Add +9.4% 1.60% +0.15
CF CF Industries Holdings Inc. Add +9.2% 0.78% +0.15
ENPH Enphase Energy Inc. Add +10.0% 0.79% +0.14
ADI Analog Devices Inc. Add +5.8% 3.44% +0.14
KHC The Kraft Heinz Co. Add +12.8% 0.70% +0.12
ABT Abbott Laboratories Add +53.7% 0.28% +0.11
CIEN Ciena Corp. Add +11.1% 0.39% +0.11
SNOW Snowflake Inc. Add +29.7% 1.40% +0.10
GPN Global Payments Inc. Add +20.7% 0.44% +0.09
MNST Monster Beverage Corp. Add +8.6% 0.83% +0.08
DDOG Datadog Inc. Class A Add +20.4% 1.94% +0.08
RACE Ferrari NV New 0.08% +0.08
DIS The Walt Disney Co. Add +11.6% 0.80% +0.04
WY Weyerhaeuser Co. Add +12.5% 0.10% +0.02
AMD Advanced Micro Devices Add +1.8% 2.37% +0.01
JAZZ Jazz Pharmaceuticals PLC Add +13.6% 0.09% +0.01
LUV Southwest Airlines Co. Add +16.7% 0.07% +0.01
CTRA Coterra Energy Inc. Add +21.4% 0.13% +0.01
MRK Merck & Co. Inc. Add +12.5% 0.65% +0.01
PCAR Paccar Inc. Add +11.1% 0.13% +0.00
PFE Pfizer Inc. Add +0.7% 0.27% +0.00
VLO Valero Energy Corp. Add +16.0% 0.12% −0.00
FDX FedEx Corp. Add +5.0% 0.18% −0.01
WFC Wells Fargo & Co. Add +2.3% 0.32% −0.02
NTLA Intellia Therapeutics Inc. Add +6.1% 0.46% −0.02
F Ford Motor Co. Add +7.7% 0.19% −0.02
CRSP Crispr Therapeutics AG Add +7.1% 0.45% −0.04
OXY Occidental Petroleum Corp. Add +16.5% 0.80% −0.06
INTC Intel Corp. Add +6.0% 0.32% −0.09
AMZN Amazon.com Inc. Add +1.5% 2.15% −0.10
STAA Staar Surgical Co. Add +4.3% 0.85% −0.22
MU Micron Technology Inc. Add +15.4% 1.77% −0.22
ADBE Adobe Inc. Add +1.9% 3.62% −0.28
CRWD CrowdStrike Holdings Inc. Class A Add +10.8% 1.46% −0.38
GOOGL Alphabet Inc. Class A Add +3.2% 4.85% −0.44

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