Generali Investments Towarzystwo Funduszy Inwestycyjnych

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 21, 2026), Generali Investments Towarzystwo Funduszy Inwestycyjnych reported 146 stock positions worth $193.7 million. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Nvidia (NVDA, 5.4%) and Amazon.com (AMZN, 3.9%). Compared with Q4 2025, it opened 5 new positions, added to 57 and reduced 34. The biggest buy was a new position in Intuit (INTU) and the biggest sale Analog Devices (ADI, shares −44%).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002043130
Portfolio Value
$193.7M (Q1 2026)
SEC Filing
0002043130-26-000002 ↗ filed Apr 21, 2026

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 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 $193.7M Q1 2026 Q2 2026: $249.0M Q2 2026

Holdings 146 stocks · $193.7M
MSFT Microsoft Corp. 5.81% 30,300 $11.3M Add +22.9%
NVDA Nvidia Corp. 5.36% 59,500 $10.4M Add +8.6%
AMZN Amazon.com Inc. 3.95% 36,700 $7.6M Add +32.5%
GOOGL Alphabet Inc. Class A 3.83% 28,000 $7.4M Reduce -0.4%
AAPL Apple Inc. 2.55% 19,450 $4.9M Add +0.2%
AMD Advanced Micro Devices 2.53% 24,100 $4.9M Add +11.6%
NOW ServiceNow Inc. 2.37% 44,000 $4.6M Add +22.2%
ADBE Adobe Inc. 2.24% 17,866 $4.3M Reduce -2.2%
ADI Analog Devices Inc. 2.21% 13,450 $4.3M Reduce -43.5%
CRWD CrowdStrike Holdings Inc. Class A 2.16% 10,700 $4.2M Add +35.4%
HUBS HubSpot Inc. 1.88% 14,900 $3.6M Add +26.3%
MRVL Marvell Technology Inc. 1.79% 35,000 $3.5M Reduce -10.3%
PANW Palo Alto Networks Inc. 1.78% 21,500 $3.4M Add +8.6%
TSLA Tesla Inc. 1.77% 9,200 $3.4M No change
TXN Texas Instruments Inc. 1.75% 17,500 $3.4M Reduce -25.5%
MCHP Microchip Technology Inc. 1.71% 51,400 $3.3M Reduce -16.3%
AMAT Applied Materials Inc. 1.68% 9,550 $3.3M Reduce -42.0%
ISRG Intuitive Surgical Inc. 1.52% 6,400 $3.0M No change
SNOW Snowflake Inc. 1.32% 16,900 $2.5M Add +11.9%
DDOG Datadog Inc. Class A 1.31% 21,500 $2.5M Reduce -6.5%
ON On Semiconductor 1.28% 40,100 $2.5M Reduce -14.9%
BSX Boston Scientific Corp. 1.23% 38,000 $2.4M Add +72.7%
TOST Toast Inc. Class A 1.22% 89,000 $2.4M Add +21.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.07% 42,500 $2.1M Add +4.9%
NET Cloudflare Inc. Class A 1.07% 10,000 $2.1M Add +17.6%
MRK Merck & Co. Inc. 1.06% 17,000 $2.0M No change
TTWO Take-Two Interactive Softwre 1.03% 10,091 $2.0M Add +86.9%
MNDY Monday.com Ltd. 1.00% 28,000 $1.9M Add +51.4%
META Meta Platforms Inc. Class A 0.99% 3,360 $1.9M Reduce -18.3%
RTX RTX Corp. 0.97% 9,700 $1.9M Reduce -4.9%
MDB Mongodb Inc. 0.94% 7,400 $1.8M Add +8.8%
MNST Monster Beverage Corp. 0.90% 24,021 $1.7M Reduce -1.8%
INTU Intuit Inc. 0.89% 4,000 $1.7M New
DE Deere & Co. 0.87% 3,000 $1.7M No change
GS Goldman Sachs Group Inc. 0.86% 1,960 $1.7M Reduce -4.8%
JPM JPMorgan Chase & Co. 0.85% 5,610 $1.7M Add +2.0%
C Citigroup Inc. 0.85% 14,500 $1.6M Reduce -12.1%
AVGO Broadcom Inc. 0.85% 5,300 $1.6M Add +60.6%
MU Micron Technology Inc. 0.82% 4,700 $1.6M Reduce -39.0%
PFE Pfizer Inc. 0.82% 56,500 $1.6M No change
CF CF Industries Holdings Inc. 0.81% 12,100 $1.6M Reduce -13.6%
LLY Eli Lilly & Co. 0.80% 1,695 $1.6M Add +0.3%
KO The Coca-Cola Co. 0.79% 20,000 $1.5M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.77% 15,500 $1.5M Add +6.9%
HON Honeywell International Inc. 0.76% 6,500 $1.5M Reduce -7.1%
NKE Nike Inc. Class B 0.73% 26,214 $1.4M Add +1.9%
TECH Bio-Techne Corp. 0.73% 27,000 $1.4M No change
PI Impinj Inc. 0.72% 13,500 $1.4M Add +22.7%
TEAM Atlassian Corp. Class A 0.70% 20,000 $1.4M New
MA Mastercard Inc. Class A 0.70% 2,700 $1.3M Reduce -10.0%
CBRE CBRE Group Inc. Class A 0.69% 9,800 $1.3M Add +3.2%
BILL Bill Holdings Inc. 0.67% 34,000 $1.3M Add +17.2%
OXY Occidental Petroleum Corp. 0.66% 19,800 $1.3M Reduce -7.9%
PRCT Procept Biorobotics Corp. 0.65% 50,000 $1.3M No change
AXP American Express Co. 0.62% 4,000 $1.2M Reduce -11.1%
CI The Cigna Group 0.62% 4,500 $1.2M Add +3.5%
INTC Intel Corp. 0.59% 26,000 $1.1M No change
FIVN FIVE9 Inc. 0.58% 74,000 $1.1M No change
REGN Regeneron Pharmaceuticals 0.56% 1,400 $1.1M No change
ACN Accenture PLC Class A 0.54% 5,300 $1.1M Reduce -4.5%
STT State Street Corp. 0.54% 8,200 $1.0M No change
V Visa Inc. Class A 0.53% 3,400 $1.0M Add +21.4%
CMG Chipotle Mexican Grill Inc. 0.51% 30,700 $983K Add +2.0%
DECK Deckers Outdoor Corp. 0.50% 9,600 $961K Add +2.1%
DHR Danaher Corp. 0.49% 5,000 $948K No change
VRTX Vertex Pharmaceuticals Inc. 0.48% 2,100 $938K No change
CSCO Cisco Systems Inc. 0.48% 12,000 $931K No change
GM General Motors Co. 0.47% 12,200 $909K Add +16.2%
BEAM Beam Therapeutics Inc. 0.47% 38,000 $906K Reduce -15.6%
AMGN Amgen Inc. 0.45% 2,500 $880K No change
NFLX Netflix Inc. 0.45% 9,100 $875K Add +16.7%
CRM Salesforce Inc. 0.45% 4,650 $868K No change
HD Home Depot Inc. 0.44% 2,600 $855K New
DG Dollar General Corp. 0.43% 7,000 $831K No change
JNJ Johnson & Johnson 0.43% 3,400 $831K No change
SBUX Starbucks Corp. 0.42% 9,000 $806K No change
KHC The Kraft Heinz Co. 0.39% 33,800 $760K No change
T AT&T Inc. 0.38% 25,500 $739K Add +13.3%
CRSP Crispr Therapeutics AG 0.37% 15,000 $714K Reduce -11.8%
GPN Global Payments Inc. 0.29% 8,400 $565K No change
QCOM Qualcomm Inc. 0.28% 4,200 $541K Add +31.3%
FDX FedEx Corp. 0.28% 1,500 $534K No change
VLO Valero Energy Corp. 0.27% 2,100 $519K Reduce -8.7%
NTLA Intellia Therapeutics Inc. 0.26% 40,000 $513K No change
PYPL PayPal Holdings Inc. 0.26% 11,000 $498K No change
DHI D.R. Horton Inc. 0.26% 3,600 $494K Add +20.0%
URI United Rentals Inc. 0.24% 650 $474K Add +62.5%
KR Kroger Co. 0.24% 6,500 $470K Add +8.3%
EOG EOG Resources Inc. 0.24% 3,200 $463K Reduce -3.0%
CTRA Coterra Energy Inc. 0.24% 13,000 $457K Reduce -13.3%
MDT Medtronic PLC 0.22% 5,000 $433K No change
BMY Bristol-Myers Squibb Co. 0.22% 7,000 $425K No change
HAL Halliburton Co. 0.20% 10,000 $390K No change
WFC Wells Fargo & Co. 0.20% 4,800 $382K No change
F Ford Motor Co. filed as FORD MTR CO 0.19% 32,000 $369K No change
CVS CVS Health Corp. 0.19% 5,000 $359K Add +25.0%
PCAR Paccar Inc. 0.18% 3,100 $358K No change
COP Conocophillips 0.18% 2,700 $356K Reduce -15.6%
ELV Elevance Health Inc. 0.18% 1,200 $351K Add +9.1%
SHOP Shopify Inc. Class A 0.17% 2,700 $320K Add +58.8%
MET Metlife Inc. 0.16% 4,500 $318K Add +36.4%
UPS United Parcel Service Class B 0.16% 3,200 $315K Add +6.7%
AIG American International Group 0.16% 4,000 $301K Add +100.0%
MELI MercadoLibre Inc. 0.15% 170 $294K Add +17.2%
FISV Fiserv Inc. 0.15% 5,200 $290K No change
HPE Hewlett Packard Enterprise 0.15% 12,000 $286K No change
LYB Lyondellbasell Indu Class A 0.14% 3,400 $274K Reduce -32.0%
CMI Cummins Inc. 0.13% 450 $242K No change
TAP Molson Coors Beverage Co. Class B 0.12% 5,500 $237K No change
NXPI NXP Semiconductors NV 0.12% 1,200 $236K Add +20.0%
TSN Tyson Foods Inc. Class A 0.11% 3,300 $211K Add +10.0%
ETSY Etsy Inc. 0.11% 4,100 $205K Reduce -4.7%
MTCH Match Group Inc. 0.10% 6,600 $203K Add +10.0%
JAZZ Jazz Pharmaceuticals PLC 0.10% 1,050 $199K No change
UBER Uber Technologies Inc. 0.10% 2,700 $194K Add +5.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.10% 1,600 $190K No change
ABNB Airbnb Inc. Class A 0.09% 1,400 $177K Add +12.0%
ABBV Abbvie Inc. 0.09% 800 $174K Reduce -13.0%
LEN Lennar Corp. Class A 0.09% 2,000 $174K No change
WY Weyerhaeuser Co. 0.09% 7,000 $171K No change
CELH Celsius Holdings Inc. 0.09% 4,800 $170K Add +9.1%
RACE Ferrari NV 0.09% 500 $166K Add +16.3%
DELL Dell Technologies -C 0.08% 1,000 $164K Add +25.0%
DASH DoorDash Inc. Class A 0.08% 1,050 $158K Add +31.3%
RNG Ringcentral Inc. Class A 0.08% 4,000 $149K No change
COIN Coinbase Global Inc. Class A 0.07% 820 $143K No change
GILD Gilead Sciences Inc. 0.07% 1,000 $139K No change
DXCM Dexcom Inc. 0.07% 2,150 $135K Add +7.5%
SOLS Solstice Adv Materials Inc. 0.06% 1,625 $124K No change
CHWY Chewy Inc. Class A 0.06% 4,500 $122K Add +25.0%
ALGN Align Technology Inc. 0.06% 700 $120K Reduce -24.3%
LULU Lululemon Athletica Inc. 0.06% 730 $112K Add +4.3%
ULTA Ulta Beauty Inc. 0.06% 210 $110K Reduce -30.0%
ELF Elf Beauty Inc. 0.05% 1,600 $97K Reduce -8.6%
LUV Southwest Airlines Co. 0.05% 2,500 $94K New
SHAK Shake Shack Inc. Class A 0.05% 1,000 $88K New
CEG Constellation Energy 0.04% 300 $84K No change
RVLV Revolve Group Inc. Class A 0.04% 3,600 $81K Reduce -20.0%
WBTN Webtoon Entertainment Inc. 0.04% 8,500 $78K Add +13.3%
FIS Fidelity National Info Serv 0.04% 1,500 $70K No change
ZTS Zoetis Inc. 0.03% 520 $61K No change
SG Sweetgreen Inc. Class A 0.03% 10,800 $56K No change
PINS Pinterest Inc. Class A 0.03% 2,900 $53K No change
DUOL Duolingo 0.03% 500 $49K Add +42.9%
CAG Conagra Brands Inc. 0.01% 1,500 $24K No change
MRNA Moderna Inc. 0.01% 400 $20K No change

Portfolio Sells Q4 2025 → Q1 2026
ADI Analog Devices Inc. Reduce -43.5% 2.21% −0.93
ADBE Adobe Inc. Reduce -2.2% 2.24% −0.87
GOOGL Alphabet Inc. Class A Reduce -0.4% 3.83% −0.45
AMAT Applied Materials Inc. Reduce -42.0% 1.68% −0.37
META Meta Platforms Inc. Class A Reduce -18.3% 0.99% −0.33
MU Micron Technology Inc. Reduce -39.0% 0.82% −0.25
TXN Texas Instruments Inc. Reduce -25.5% 1.75% −0.23
DDOG Datadog Inc. Class A Reduce -6.5% 1.31% −0.21
MCHP Microchip Technology Inc. Reduce -16.3% 1.71% −0.19
AXP American Express Co. Reduce -11.1% 0.62% −0.19
ACN Accenture PLC Class A Reduce -4.5% 0.54% −0.18
BEAM Beam Therapeutics Inc. Reduce -15.6% 0.47% −0.14
MA Mastercard Inc. Class A Reduce -10.0% 0.70% −0.14
C Citigroup Inc. Reduce -12.1% 0.85% −0.09
CRSP Crispr Therapeutics AG Reduce -11.8% 0.37% −0.07
ULTA Ulta Beauty Inc. Reduce -30.0% 0.06% −0.03
GS Goldman Sachs Group Inc. Reduce -4.8% 0.86% −0.03
RVLV Revolve Group Inc. Class A Reduce -20.0% 0.04% −0.02
ELF Elf Beauty Inc. Reduce -8.6% 0.05% −0.01
MNST Monster Beverage Corp. Reduce -1.8% 0.90% −0.01
ABBV Abbvie Inc. Reduce -13.0% 0.09% −0.01
ETSY Etsy Inc. Reduce -4.7% 0.11% −0.01
ALGN Align Technology Inc. Reduce -24.3% 0.06% −0.01
LYB Lyondellbasell Indu Class A Reduce -32.0% 0.14% +0.04
COP Conocophillips Reduce -15.6% 0.18% +0.04
ON On Semiconductor Reduce -14.9% 1.28% +0.04
CTRA Coterra Energy Inc. Reduce -13.3% 0.24% +0.04
RTX RTX Corp. Reduce -4.9% 0.97% +0.06
EOG EOG Resources Inc. Reduce -3.0% 0.24% +0.07
VLO Valero Energy Corp. Reduce -8.7% 0.27% +0.09
HON Honeywell International Inc. Reduce -7.1% 0.76% +0.09
MRVL Marvell Technology Inc. Reduce -10.3% 1.79% +0.18
OXY Occidental Petroleum Corp. Reduce -7.9% 0.66% +0.23
CF CF Industries Holdings Inc. Reduce -13.6% 0.81% +0.28

Portfolio Buys Q4 2025 → Q1 2026
INTU Intuit Inc. New 0.89% +0.89
AMZN Amazon.com Inc. Add +32.5% 3.95% +0.83
TEAM Atlassian Corp. Class A New 0.70% +0.70
HD Home Depot Inc. New 0.44% +0.44
NVDA Nvidia Corp. Add +8.6% 5.36% +0.38
TTWO Take-Two Interactive Softwre Add +86.9% 1.03% +0.36
CRWD CrowdStrike Holdings Inc. Class A Add +35.4% 2.16% +0.35
AVGO Broadcom Inc. Add +60.6% 0.85% +0.29
AMD Advanced Micro Devices Add +11.6% 2.53% +0.28
NET Cloudflare Inc. Class A Add +17.6% 1.07% +0.25
BSX Boston Scientific Corp. Add +72.7% 1.23% +0.21
T AT&T Inc. Add +13.3% 0.38% +0.11
NFLX Netflix Inc. Add +16.7% 0.45% +0.10
URI United Rentals Inc. Add +62.5% 0.24% +0.09
AIG American International Group Add +100.0% 0.16% +0.07
KR Kroger Co. Add +8.3% 0.24% +0.06
GM General Motors Co. Add +16.2% 0.47% +0.05
V Visa Inc. Class A Add +21.4% 0.53% +0.05
LUV Southwest Airlines Co. New 0.05% +0.05
SHAK Shake Shack Inc. Class A New 0.05% +0.05
DHI D.R. Horton Inc. Add +20.0% 0.26% +0.04
MET Metlife Inc. Add +36.4% 0.16% +0.04
CI The Cigna Group Add +3.5% 0.62% +0.04
DELL Dell Technologies -C Add +25.0% 0.08% +0.04
SHOP Shopify Inc. Class A Add +58.8% 0.17% +0.03
CVS CVS Health Corp. Add +25.0% 0.19% +0.03
TSN Tyson Foods Inc. Class A Add +10.0% 0.11% +0.02
DECK Deckers Outdoor Corp. Add +2.1% 0.50% +0.02
UPS United Parcel Service Class B Add +6.7% 0.16% +0.02
NXPI NXP Semiconductors NV Add +20.0% 0.12% +0.02
QCOM Qualcomm Inc. Add +31.3% 0.28% +0.01
MTCH Match Group Inc. Add +10.0% 0.10% +0.01
MELI MercadoLibre Inc. Add +17.2% 0.15% +0.01
ABNB Airbnb Inc. Class A Add +12.0% 0.09% +0.01
RACE Ferrari NV Add +16.3% 0.09% +0.01
MSFT Microsoft Corp. Add +22.9% 5.81% +0.01
DXCM Dexcom Inc. Add +7.5% 0.07% +0.01
CHWY Chewy Inc. Class A Add +25.0% 0.06% +0.00
PANW Palo Alto Networks Inc. Add +8.6% 1.78% +0.00
UBER Uber Technologies Inc. Add +5.9% 0.10% −0.00
DUOL Duolingo Add +42.9% 0.03% −0.00
ELV Elevance Health Inc. Add +9.1% 0.18% −0.01
DASH DoorDash Inc. Class A Add +31.3% 0.08% −0.01
WBTN Webtoon Entertainment Inc. Add +13.3% 0.04% −0.01
CELH Celsius Holdings Inc. Add +9.1% 0.09% −0.01
JPM JPMorgan Chase & Co. Add +2.0% 0.85% −0.01
LULU Lululemon Athletica Inc. Add +4.3% 0.06% −0.01
BAC Bank of America Corp. Add +4.9% 1.07% −0.01
AAPL Apple Inc. Add +0.2% 2.55% −0.02
DIS The Walt Disney Co. Add +6.9% 0.77% −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