Generali Investments Towarzystwo Funduszy Inwestycyjnych

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Generali Investments Towarzystwo Funduszy Inwestycyjnych reported 143 stock positions worth $172.4 million. Its top holding was Alphabet Class A (GOOGL) at 5.3% of the portfolio, followed by Microsoft (MSFT, 4.4%) and Nvidia (NVDA, 4.0%). Compared with Q3 2024, it opened 23 new positions, sold out of 4, added to 43 and reduced 40. The biggest buy was a new position in Texas Instruments (TXN) and the biggest sale an exit from Roblox Class A (RBLX).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002043130
Portfolio Value
$172.4M (Q4 2024)
SEC Filing
0002043130-25-000001 ↗ 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 Q3 2024 Q4 2024: $172.4M $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 143 stocks · $172.4M
GOOGL Alphabet Inc. Class A 5.33% 48,538 $9.2M Add +5.5%
MSFT Microsoft Corp. 4.39% 17,970 $7.6M Add +12.2%
NVDA Nvidia Corp. 4.03% 51,740 $6.9M Reduce -6.8%
ADI Analog Devices Inc. 3.71% 30,061 $6.4M Add +27.6%
ADBE Adobe Inc. 3.67% 14,216 $6.3M Add +29.1%
AAPL Apple Inc. 3.45% 23,735 $5.9M Reduce -1.4%
TSLA Tesla Inc. 2.50% 10,654 $4.3M Reduce -24.2%
AMAT Applied Materials Inc. 2.23% 23,650 $3.8M Add +62.5%
HUBS HubSpot Inc. 2.14% 5,300 $3.7M Reduce -28.4%
AMZN Amazon.com Inc. 2.12% 16,667 $3.7M Reduce -8.2%
TTWO Take-Two Interactive Softwre 1.99% 18,611 $3.4M Reduce -16.4%
AMD Advanced Micro Devices 1.99% 28,332 $3.4M Add +24.6%
NOW ServiceNow Inc. 1.97% 3,200 $3.4M Reduce -11.1%
DDOG Datadog Inc. Class A 1.78% 21,500 $3.1M Reduce -18.9%
MRVL Marvell Technology Inc. 1.69% 26,300 $2.9M Reduce -24.9%
SNOW Snowflake Inc. 1.68% 18,700 $2.9M Reduce -2.6%
MDB Mongodb Inc. 1.66% 12,300 $2.9M Add +32.3%
MCHP Microchip Technology Inc. 1.63% 48,900 $2.8M Add +96.4%
CRWD CrowdStrike Holdings Inc. Class A 1.55% 7,800 $2.7M Reduce -4.9%
MA Mastercard Inc. Class A 1.55% 5,065 $2.7M Reduce -5.6%
PANW Palo Alto Networks Inc. 1.44% 13,600 $2.5M Reduce -5.6%
NET Cloudflare Inc. Class A 1.37% 22,000 $2.4M Reduce -8.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.31% 51,279 $2.3M Reduce -1.0%
MU Micron Technology Inc. 1.30% 26,644 $2.2M Reduce -1.1%
BSX Boston Scientific Corp. 1.30% 25,000 $2.2M No change
ISRG Intuitive Surgical Inc. 1.27% 4,200 $2.2M No change
GS Goldman Sachs Group Inc. 1.21% 3,641 $2.1M Reduce -1.4%
KO The Coca-Cola Co. 1.12% 30,933 $1.9M Add +21.6%
TXN Texas Instruments Inc. 1.09% 10,000 $1.9M New
SHOP Shopify Inc. Class A 1.05% 17,050 $1.8M Reduce -31.8%
ACN Accenture PLC Class A 1.02% 4,982 $1.8M Add +4.2%
DE Deere & Co. 1.00% 4,088 $1.7M No change
META Meta Platforms Inc. Class A 1.00% 2,950 $1.7M Add +5.4%
BILL Bill Holdings Inc. 0.96% 19,500 $1.7M Reduce -7.1%
FIVN FIVE9 Inc. 0.90% 38,000 $1.5M No change
MNST Monster Beverage Corp. 0.85% 27,971 $1.5M Add +11.1%
TECH Bio-Techne Corp. 0.85% 20,266 $1.5M Add +17.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.84% 13,041 $1.5M No change
NKE Nike Inc. Class B 0.84% 19,060 $1.4M Add +5.5%
TOST Toast Inc. Class A 0.82% 39,000 $1.4M Reduce -13.3%
JPM JPMorgan Chase & Co. 0.81% 5,850 $1.4M Add +12.5%
RTX RTX Corp. 0.80% 11,900 $1.4M No change
CRM Salesforce Inc. 0.79% 4,050 $1.4M No change
EXAS Exact Sciences Corp. 0.78% 24,000 $1.3M Add +33.3%
ENPH Enphase Energy Inc. 0.76% 19,000 $1.3M Add +72.7%
SBUX Starbucks Corp. 0.74% 14,050 $1.3M No change
CBRE CBRE Group Inc. Class A 0.72% 9,500 $1.2M Reduce -18.8%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.71% 14,264 $1.2M No change
OXY Occidental Petroleum Corp. 0.70% 24,569 $1.2M Add +0.8%
DHR Danaher Corp. 0.70% 5,282 $1.2M Add +0.1%
PFE Pfizer Inc. 0.69% 44,900 $1.2M Add +205.4%
LLY Eli Lilly & Co. 0.69% 1,540 $1.2M New
HON Honeywell International Inc. 0.68% 5,200 $1.2M No change
ZS Zscaler Inc. 0.68% 6,500 $1.2M Reduce -30.9%
AXP American Express Co. 0.67% 3,900 $1.2M Reduce -15.2%
KHC The Kraft Heinz Co. 0.67% 37,622 $1.2M Add +19.0%
JNJ Johnson & Johnson 0.66% 7,820 $1.1M Add +0.2%
BEAM Beam Therapeutics Inc. 0.60% 42,000 $1.0M No change
REGN Regeneron Pharmaceuticals 0.58% 1,401 $998K Add +27.7%
C Citigroup Inc. 0.56% 13,700 $964K Reduce -4.2%
STAA Staar Surgical Co. 0.56% 39,500 $959K Add +9.7%
MRK Merck & Co. Inc. 0.52% 9,000 $895K No change
CMG Chipotle Mexican Grill Inc. 0.50% 14,400 $868K Add +15.2%
CI The Cigna Group 0.45% 2,800 $773K Add +30.2%
GPN Global Payments Inc. 0.44% 6,700 $751K No change
CRSP Crispr Therapeutics AG 0.43% 19,000 $748K Add +26.7%
CSCO Cisco Systems Inc. 0.43% 12,500 $740K Reduce -10.1%
NTLA Intellia Therapeutics Inc. 0.42% 62,000 $723K Add +77.1%
STT State Street Corp. 0.41% 7,200 $707K No change
CIEN Ciena Corp. 0.39% 8,000 $678K Reduce -20.0%
NFLX Netflix Inc. 0.39% 750 $668K Add +7.1%
AMGN Amgen Inc. 0.38% 2,500 $652K Add +8.7%
SONY Sony Group Corp. - SP ADR 0.35% 28,425 $601K Add +32.7%
PYPL PayPal Holdings Inc. 0.35% 7,000 $597K No change
T AT&T Inc. 0.34% 26,000 $592K Reduce -25.7%
WFC Wells Fargo & Co. 0.32% 7,837 $550K Reduce -13.3%
DG Dollar General Corp. 0.29% 6,700 $508K Add +21.8%
GM General Motors Co. 0.29% 9,500 $506K Reduce -9.5%
VRTX Vertex Pharmaceuticals Inc. 0.28% 1,200 $483K New
ABT Abbott Laboratories 0.25% 3,882 $439K No change
INTC Intel Corp. 0.25% 21,200 $425K No change
MDT Medtronic PLC 0.23% 5,000 $399K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.22% 1,750 $385K No change
F Ford Motor Co. filed as FORD MTR CO 0.16% 28,000 $277K No change
BMY Bristol-Myers Squibb Co. 0.15% 4,600 $260K Reduce -6.1%
FDX FedEx Corp. 0.15% 900 $253K Reduce -14.3%
WMT Walmart Inc. 0.14% 2,741 $248K No change
CTRA Coterra Energy Inc. 0.13% 9,000 $230K Add +5.9%
KR Kroger Co. 0.13% 3,600 $220K No change
ELV Elevance Health Inc. 0.12% 570 $210K Add +42.5%
PCAR Paccar Inc. 0.12% 2,000 $208K No change
B Barrick Gold Corp. 0.12% 13,000 $202K No change
LULU Lululemon Athletica Inc. 0.11% 500 $191K New
VLO Valero Energy Corp. 0.11% 1,550 $190K Add +6.9%
TAP Molson Coors Beverage Co. Class B 0.11% 3,300 $189K Reduce -8.3%
MTCH Match Group Inc. 0.11% 5,750 $188K Add +187.5%
DHI D.R. Horton Inc. 0.11% 1,300 $182K Add +18.2%
WBD Warner Bros Discovery Inc. 0.10% 17,000 $180K Reduce -20.9%
CVS CVS Health Corp. 0.10% 4,000 $180K Add +8.1%
HPE Hewlett Packard Enterprise 0.10% 8,200 $175K Reduce -10.9%
ABBV Abbvie Inc. 0.10% 940 $167K Add +88.0%
LEN Lennar Corp. Class A 0.09% 1,200 $164K Add +9.1%
MELI MercadoLibre Inc. 0.09% 95 $162K New
EOG EOG Resources Inc. 0.09% 1,300 $159K Add +18.2%
COP Conocophillips 0.09% 1,600 $159K New
MET Metlife Inc. 0.09% 1,900 $156K Reduce -9.5%
COIN Coinbase Global Inc. Class A 0.09% 620 $154K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.09% 2,000 $154K No change
ULTA Ulta Beauty Inc. 0.09% 350 $152K New
ABNB Airbnb Inc. Class A 0.09% 1,150 $151K New
URI United Rentals Inc. 0.09% 210 $148K No change
UBER Uber Technologies Inc. 0.08% 2,350 $142K New
JAZZ Jazz Pharmaceuticals PLC 0.08% 1,150 $142K Reduce -8.0%
RNG Ringcentral Inc. Class A 0.08% 4,000 $140K No change
CMI Cummins Inc. 0.08% 400 $139K No change
DASH DoorDash Inc. Class A 0.08% 800 $134K New
RACE Ferrari NV 0.08% 310 $133K Add +14.8%
ALGN Align Technology Inc. 0.08% 630 $131K New
WY Weyerhaeuser Co. 0.07% 4,500 $127K No change
CHWY Chewy Inc. Class A 0.07% 3,700 $124K New
AIG American International Group 0.07% 1,700 $124K No change
GILD Gilead Sciences Inc. 0.07% 1,300 $120K Reduce -45.8%
CELH Celsius Holdings Inc. 0.07% 4,500 $119K New
ETSY Etsy Inc. 0.07% 2,200 $116K New
FISV Fiserv Inc. 0.06% 500 $103K Reduce -28.6%
DECK Deckers Outdoor Corp. 0.06% 500 $102K New
LUV Southwest Airlines Co. 0.06% 3,000 $101K Reduce -14.3%
ZTS Zoetis Inc. 0.06% 600 $98K New
ELF Elf Beauty Inc. 0.05% 750 $94K New
DELL Dell Technologies -C 0.05% 800 $92K No change
TSN Tyson Foods Inc. Class A 0.05% 1,600 $92K No change
CEG Constellation Energy 0.05% 400 $89K Reduce -33.3%
LYB Lyondellbasell Indu Class A 0.05% 1,200 $89K Add +26.3%
CAG Conagra Brands Inc. 0.05% 3,100 $86K No change
DXCM Dexcom Inc. 0.05% 1,100 $86K New
FIS Fidelity National Info Serv 0.05% 1,000 $81K No change
PINS Pinterest Inc. Class A 0.05% 2,700 $78K New
SG Sweetgreen Inc. Class A 0.04% 2,400 $77K New
NXPI NXP Semiconductors NV 0.04% 300 $62K No change
DUOL Duolingo 0.03% 180 $58K New
SNAP Snap Inc. Class A 0.03% 5,000 $54K New
ON On Semiconductor 0.03% 800 $50K No change
MRNA Moderna Inc. 0.01% 400 $17K No change

Portfolio Sells Q3 2024 → Q4 2024
RBLX Roblox Corp. Class A Sold out 0.00% −0.67
MU Micron Technology Inc. Reduce -1.1% 1.30% −0.47
HUBS HubSpot Inc. Reduce -28.4% 2.14% −0.36
ZS Zscaler Inc. Reduce -30.9% 0.68% −0.34
NVDA Nvidia Corp. Reduce -6.8% 4.03% −0.25
SHOP Shopify Inc. Class A Reduce -31.8% 1.05% −0.22
AMED Amedisys Inc. Sold out 0.00% −0.21
CBRE CBRE Group Inc. Class A Reduce -18.8% 0.72% −0.20
TTWO Take-Two Interactive Softwre Reduce -16.4% 1.99% −0.19
DDOG Datadog Inc. Class A Reduce -18.9% 1.78% −0.15
T AT&T Inc. Reduce -25.7% 0.34% −0.15
MA Mastercard Inc. Class A Reduce -5.6% 1.55% −0.13
PANW Palo Alto Networks Inc. Reduce -5.6% 1.44% −0.13
AXP American Express Co. Reduce -15.2% 0.67% −0.12
AAPL Apple Inc. Reduce -1.4% 3.45% −0.11
LOGI Logitech International-Reg Sold out 0.00% −0.10
MRO Marathon Oil Corp. Sold out 0.00% −0.09
NOW ServiceNow Inc. Reduce -11.1% 1.97% −0.08
GILD Gilead Sciences Inc. Reduce -45.8% 0.07% −0.06
CEG Constellation Energy Reduce -33.3% 0.05% −0.05
CSCO Cisco Systems Inc. Reduce -10.1% 0.43% −0.04
FDX FedEx Corp. Reduce -14.3% 0.15% −0.04
AMZN Amazon.com Inc. Reduce -8.2% 2.12% −0.03
TAP Molson Coors Beverage Co. Class B Reduce -8.3% 0.11% −0.02
FISV Fiserv Inc. Reduce -28.6% 0.06% −0.02
MET Metlife Inc. Reduce -9.5% 0.09% −0.02
HPE Hewlett Packard Enterprise Reduce -10.9% 0.10% −0.02
BMY Bristol-Myers Squibb Co. Reduce -6.1% 0.15% −0.01
C Citigroup Inc. Reduce -4.2% 0.56% −0.01
WBD Warner Bros Discovery Inc. Reduce -20.9% 0.10% −0.01
LUV Southwest Airlines Co. Reduce -14.3% 0.06% −0.01
JAZZ Jazz Pharmaceuticals PLC Reduce -8.0% 0.08% −0.01
GM General Motors Co. Reduce -9.5% 0.29% −0.01
WFC Wells Fargo & Co. Reduce -13.3% 0.32% −0.00
CIEN Ciena Corp. Reduce -20.0% 0.39% +0.00
BAC Bank of America Corp. Reduce -1.0% 1.31% +0.00
TOST Toast Inc. Class A Reduce -13.3% 0.82% +0.02
GS Goldman Sachs Group Inc. Reduce -1.4% 1.21% +0.05
MRVL Marvell Technology Inc. Reduce -24.9% 1.69% +0.08
CRWD CrowdStrike Holdings Inc. Class A Reduce -4.9% 1.55% +0.09
NET Cloudflare Inc. Class A Reduce -8.3% 1.37% +0.14
TSLA Tesla Inc. Reduce -24.2% 2.50% +0.16
BILL Bill Holdings Inc. Reduce -7.1% 0.96% +0.25
SNOW Snowflake Inc. Reduce -2.6% 1.68% +0.27

Portfolio Buys Q3 2024 → Q4 2024
TXN Texas Instruments Inc. New 1.09% +1.09
LLY Eli Lilly & Co. New 0.69% +0.69
GOOGL Alphabet Inc. Class A Add +5.5% 5.33% +0.48
PFE Pfizer Inc. Add +205.4% 0.69% +0.42
AMAT Applied Materials Inc. Add +62.5% 2.23% +0.36
MCHP Microchip Technology Inc. Add +96.4% 1.63% +0.36
VRTX Vertex Pharmaceuticals Inc. New 0.28% +0.28
ADI Analog Devices Inc. Add +27.6% 3.71% +0.26
JPM JPMorgan Chase & Co. Add +12.5% 0.81% +0.12
LULU Lululemon Athletica Inc. New 0.11% +0.11
MELI MercadoLibre Inc. New 0.09% +0.09
COP Conocophillips New 0.09% +0.09
COIN Coinbase Global Inc. Class A New 0.09% +0.09
ULTA Ulta Beauty Inc. New 0.09% +0.09
ABNB Airbnb Inc. Class A New 0.09% +0.09
SONY Sony Group Corp. - SP ADR Add +32.7% 0.35% +0.09
UBER Uber Technologies Inc. New 0.08% +0.08
DASH DoorDash Inc. Class A New 0.08% +0.08
ALGN Align Technology Inc. New 0.08% +0.08
NFLX Netflix Inc. Add +7.1% 0.39% +0.07
CHWY Chewy Inc. Class A New 0.07% +0.07
CELH Celsius Holdings Inc. New 0.07% +0.07
ETSY Etsy Inc. New 0.07% +0.07
MDB Mongodb Inc. Add +32.3% 1.66% +0.06
MTCH Match Group Inc. Add +187.5% 0.11% +0.06
DECK Deckers Outdoor Corp. New 0.06% +0.06
ZTS Zoetis Inc. New 0.06% +0.06
ELF Elf Beauty Inc. New 0.05% +0.05
DXCM Dexcom Inc. New 0.05% +0.05
CMG Chipotle Mexican Grill Inc. Add +15.2% 0.50% +0.05
ADBE Adobe Inc. Add +29.1% 3.67% +0.05
PINS Pinterest Inc. Class A New 0.05% +0.05
SG Sweetgreen Inc. Class A New 0.04% +0.04
ABBV Abbvie Inc. Add +88.0% 0.10% +0.03
DUOL Duolingo New 0.03% +0.03
SNAP Snap Inc. Class A New 0.03% +0.03
MSFT Microsoft Corp. Add +12.2% 4.39% +0.02
MNST Monster Beverage Corp. Add +11.1% 0.85% +0.02
EOG EOG Resources Inc. Add +18.2% 0.09% +0.01
CTRA Coterra Energy Inc. Add +5.9% 0.13% +0.00
EXAS Exact Sciences Corp. Add +33.3% 0.78% +0.00
DG Dollar General Corp. Add +21.8% 0.29% −0.00
RACE Ferrari NV Add +14.8% 0.08% −0.00
LYB Lyondellbasell Indu Class A Add +26.3% 0.05% −0.01
ELV Elevance Health Inc. Add +42.5% 0.12% −0.01
CRSP Crispr Therapeutics AG Add +26.7% 0.43% −0.01
VLO Valero Energy Corp. Add +6.9% 0.11% −0.01
META Meta Platforms Inc. Class A Add +5.4% 1.00% −0.02
CI The Cigna Group Add +30.2% 0.45% −0.02
DHI D.R. Horton Inc. Add +18.2% 0.11% −0.03

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