Generali Investments Towarzystwo Funduszy Inwestycyjnych

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), Generali Investments Towarzystwo Funduszy Inwestycyjnych reported 151 stock positions worth $249.0 million. Its top holding was Nvidia (NVDA) at 5.3% of the portfolio, followed by Microsoft (MSFT, 5.2%) and Amazon.com (AMZN, 4.0%). Compared with Q1 2026, it opened 9 new positions, sold out of 6, added to 77 and reduced 35. The biggest buy was Micron Technology (MU, shares +16%) and the biggest sale an exit from Intel (INTC).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002043130
Portfolio Value
$249.0M (Q2 2026)
SEC Filing
0002043130-26-000003 ↗ filed Jul 22, 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 Q1 2026 Q2 2026: $249.0M $249.0M Q2 2026

Holdings 151 stocks · $249.0M
NVDA Nvidia Corp. 5.30% 66,000 $13.2M Add +10.9%
MSFT Microsoft Corp. 5.20% 34,700 $12.9M Add +14.5%
AMZN Amazon.com Inc. 4.04% 42,200 $10.1M Add +15.0%
GOOGL Alphabet Inc. Class A 3.73% 26,000 $9.3M Reduce -7.1%
AMD Advanced Micro Devices 2.92% 12,500 $7.3M Reduce -48.1%
CRWD CrowdStrike Holdings Inc. Class A 2.54% 8,300 $6.3M Reduce -22.4%
MU Micron Technology Inc. 2.53% 5,450 $6.3M Add +16.0%
PANW Palo Alto Networks Inc. 2.12% 15,500 $5.3M Reduce -27.9%
AAPL Apple Inc. 2.02% 17,400 $5.0M Reduce -10.5%
ADI Analog Devices Inc. 1.95% 12,200 $4.8M Reduce -9.3%
ISRG Intuitive Surgical Inc. 1.84% 11,500 $4.6M Add +79.7%
NOW ServiceNow Inc. 1.83% 46,000 $4.6M Add +4.5%
HUBS HubSpot Inc. 1.76% 24,000 $4.4M Add +61.1%
DDOG Datadog Inc. Class A 1.73% 16,500 $4.3M Reduce -23.3%
AMAT Applied Materials Inc. 1.66% 5,700 $4.1M Reduce -40.3%
SNOW Snowflake Inc. 1.64% 16,000 $4.1M Reduce -5.3%
MRVL Marvell Technology Inc. 1.62% 13,500 $4.0M Reduce -61.4%
TSLA Tesla Inc. 1.59% 9,400 $4.0M Add +2.2%
ADBE Adobe Inc. 1.58% 19,149 $3.9M Add +7.2%
MCHP Microchip Technology Inc. 1.54% 42,000 $3.8M Reduce -18.3%
BSX Boston Scientific Corp. 1.46% 85,000 $3.6M Add +123.7%
TOST Toast Inc. Class A 1.45% 130,000 $3.6M Add +46.1%
TXN Texas Instruments Inc. 1.20% 10,000 $3.0M Reduce -42.9%
ON On Semiconductor 1.10% 29,100 $2.8M Reduce -27.4%
BAC Bank of America Corp. 1.10% 48,000 $2.7M Add +12.9%
META Meta Platforms Inc. Class A 1.05% 4,640 $2.6M Add +38.1%
MDB Mongodb Inc. 1.00% 7,400 $2.5M No change
CRM Salesforce Inc. 0.96% 15,250 $2.4M Add +228.0%
TTWO Take-Two Interactive Softwre 0.94% 9,341 $2.3M Reduce -7.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.89% 23,000 $2.2M Add +48.4%
RTX RTX Corp. 0.86% 11,300 $2.1M Add +16.5%
C Citigroup Inc. 0.84% 15,000 $2.1M Add +3.5%
PFE Pfizer Inc. 0.84% 87,000 $2.1M Add +54.0%
MNST Monster Beverage Corp. 0.84% 21,754 $2.1M Reduce -9.4%
NET Cloudflare Inc. Class A 0.84% 8,500 $2.1M Reduce -15.0%
PI Impinj Inc. 0.83% 14,500 $2.1M Add +7.4%
DXCM Dexcom Inc. 0.83% 30,800 $2.1M Add +1332.6%
MNDY Monday.com Ltd. 0.81% 28,000 $2.0M No change
AVGO Broadcom Inc. 0.80% 5,300 $2.0M No change
CI The Cigna Group 0.73% 6,600 $1.8M Add +46.7%
LLY Eli Lilly & Co. 0.73% 1,510 $1.8M Reduce -10.9%
QBTS D-Wave Quantum Inc. 0.72% 75,000 $1.8M New
MRK Merck & Co. Inc. 0.72% 14,000 $1.8M Reduce -17.6%
GS Goldman Sachs Group Inc. 0.71% 1,760 $1.8M Reduce -10.2%
DE Deere & Co. 0.70% 2,750 $1.7M Reduce -8.3%
JPM JPMorgan Chase & Co. 0.69% 5,270 $1.7M Reduce -6.1%
GM General Motors Co. 0.68% 22,000 $1.7M Add +80.3%
FIVN FIVE9 Inc. 0.63% 74,000 $1.6M No change
INTU Intuit Inc. 0.63% 6,000 $1.6M Add +50.0%
TEAM Atlassian Corp. Class A 0.62% 20,000 $1.6M No change
CSCO Cisco Systems Inc. 0.61% 13,000 $1.5M Add +8.3%
AXP American Express Co. 0.58% 4,300 $1.5M Add +7.5%
TECH Bio-Techne Corp. 0.58% 20,500 $1.4M Reduce -24.1%
KO The Coca-Cola Co. 0.55% 17,000 $1.4M Reduce -15.0%
CBRE CBRE Group Inc. Class A 0.55% 10,100 $1.4M Add +3.1%
PRCT Procept Biorobotics Corp. 0.54% 60,000 $1.4M Add +20.0%
NKE Nike Inc. Class B 0.53% 32,264 $1.3M Add +23.1%
CF CF Industries Holdings Inc. 0.53% 12,100 $1.3M No change
MA Mastercard Inc. Class A 0.53% 2,550 $1.3M Reduce -5.6%
BILL Bill Holdings Inc. 0.52% 36,000 $1.3M Add +5.9%
T AT&T Inc. 0.52% 62,000 $1.3M Add +143.1%
ACN Accenture PLC Class A 0.51% 10,300 $1.3M Add +94.3%
F Ford Motor Co. filed as FORD MTR CO 0.49% 87,000 $1.2M Add +171.9%
DHI D.R. Horton Inc. 0.48% 7,300 $1.2M Add +102.8%
V Visa Inc. Class A 0.47% 3,400 $1.2M No change
DECK Deckers Outdoor Corp. 0.45% 11,400 $1.1M Add +18.8%
CMG Chipotle Mexican Grill Inc. 0.42% 31,100 $1.1M Add +1.3%
HD Home Depot Inc. 0.41% 2,900 $1.0M Add +11.5%
VZ Verizon Communications Inc. 0.39% 23,000 $974K New
OXY Occidental Petroleum Corp. 0.39% 19,800 $962K No change
DHR Danaher Corp. 0.38% 5,000 $952K No change
DG Dollar General Corp. 0.38% 8,200 $944K Add +17.1%
URI United Rentals Inc. 0.36% 800 $906K Add +23.1%
AMGN Amgen Inc. 0.36% 2,500 $905K No change
STT State Street Corp. 0.35% 5,200 $882K Reduce -36.6%
PCAR Paccar Inc. 0.35% 7,300 $877K Add +135.5%
REGN Regeneron Pharmaceuticals 0.35% 1,400 $873K No change
AIG American International Group 0.35% 11,700 $872K Add +192.5%
NFLX Netflix Inc. 0.34% 11,850 $846K Add +30.2%
VRTX Vertex Pharmaceuticals Inc. 0.34% 1,700 $844K Reduce -19.1%
KR Kroger Co. 0.33% 15,000 $833K Add +130.8%
CVS CVS Health Corp. 0.33% 8,000 $828K Add +60.0%
CRSP Crispr Therapeutics AG 0.33% 15,000 $818K No change
SBUX Starbucks Corp. 0.33% 8,000 $818K Reduce -11.1%
UPS United Parcel Service Class B 0.32% 7,500 $806K Add +134.4%
TSN Tyson Foods Inc. Class A 0.32% 14,000 $802K Add +324.2%
KHC The Kraft Heinz Co. 0.32% 33,800 $798K No change
JNJ Johnson & Johnson 0.32% 3,100 $787K Reduce -8.8%
FDX FedEx Corp. 0.31% 2,500 $783K Add +66.7%
QCOM Qualcomm Inc. 0.31% 4,200 $776K No change
GPN Global Payments Inc. 0.31% 10,500 $762K Add +25.0%
BEAM Beam Therapeutics Inc. 0.30% 22,000 $755K Reduce -42.1%
HON Honeywell International Inc. 0.29% 3,250 $728K No change
HPE Hewlett Packard Enterprise 0.29% 16,000 $722K Add +33.3%
HONA Honeywell Aerospace Inc. 0.29% 3,250 $719K No change
DVN Devon Energy Corp. 0.28% 17,000 $702K New
ELV Elevance Health Inc. 0.28% 1,800 $696K Add +50.0%
NTLA Intellia Therapeutics Inc. 0.27% 40,000 $677K No change
WFC Wells Fargo & Co. 0.25% 7,600 $628K Add +58.3%
EOG EOG Resources Inc. 0.24% 4,700 $610K Add +46.9%
BMY Bristol-Myers Squibb Co. 0.24% 10,500 $605K Add +50.0%
VLO Valero Energy Corp. 0.21% 2,000 $521K Reduce -4.8%
PYPL PayPal Holdings Inc. 0.19% 11,000 $475K No change
MET Metlife Inc. 0.19% 5,500 $465K Add +22.2%
COP Conocophillips 0.18% 4,400 $457K Add +63.0%
DELL Dell Technologies -C 0.17% 1,000 $431K No change
MDT Medtronic PLC 0.16% 5,000 $391K No change
HAL Halliburton Co. 0.15% 11,000 $373K Add +10.0%
SHOP Shopify Inc. Class A 0.15% 3,250 $371K Add +20.4%
MTCH Match Group Inc. 0.15% 9,500 $361K Add +43.9%
LUV Southwest Airlines Co. 0.14% 7,000 $360K Add +180.0%
MELI MercadoLibre Inc. 0.14% 210 $356K Add +23.5%
NXPI NXP Semiconductors NV 0.14% 1,200 $337K No change
PINS Pinterest Inc. Class A 0.13% 15,500 $326K Add +434.5%
CMI Cummins Inc. 0.13% 450 $321K No change
ETSY Etsy Inc. 0.11% 3,700 $279K Reduce -9.8%
ABBV Abbvie Inc. 0.11% 1,100 $277K Add +37.5%
DASH DoorDash Inc. Class A 0.11% 1,500 $277K Add +42.9%
OKTA Okta Inc. 0.11% 2,000 $273K New
FISV Fiserv Inc. 0.10% 5,200 $255K No change
TAP Molson Coors Beverage Co. Class B 0.10% 6,500 $253K Add +18.2%
JAZZ Jazz Pharmaceuticals PLC 0.10% 1,050 $253K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 1,200 $243K New
FDXF FedEx Freight Holding Co. 0.10% 1,600 $242K Add +113.3%
WY Weyerhaeuser Co. 0.10% 10,000 $239K Add +42.9%
UBER Uber Technologies Inc. 0.10% 3,300 $238K Add +22.2%
FIS Fidelity National Info Serv 0.09% 6,000 $233K Add +300.0%
BNY Bank of New York Mellon Corp. 0.09% 1,600 $231K No change
CEG Constellation Energy 0.09% 900 $224K Add +200.0%
ABNB Airbnb Inc. Class A 0.09% 1,500 $215K Add +7.1%
LYB Lyondellbasell Indu Class A 0.08% 4,000 $211K Add +17.6%
RACE Ferrari NV 0.08% 550 $203K Add +10.0%
LEN Lennar Corp. Class A 0.07% 2,000 $181K No change
CELH Celsius Holdings Inc. 0.07% 6,000 $176K Add +25.0%
VCIT Vanguard Int-Term Corporate 0.07% 2,000 $166K New
RNG Ringcentral Inc. Class A 0.06% 4,000 $156K No change
COIN Coinbase Global Inc. Class A 0.06% 1,000 $146K Add +21.9%
ELF Elf Beauty Inc. 0.05% 1,800 $133K Add +12.5%
GILD Gilead Sciences Inc. 0.05% 1,000 $126K No change
DUOL Duolingo 0.04% 900 $104K Add +80.0%
ALGN Align Technology Inc. 0.04% 600 $101K Reduce -14.3%
RVLV Revolve Group Inc. Class A 0.04% 4,300 $98K Add +19.4%
SHAK Shake Shack Inc. Class A 0.04% 1,700 $95K Add +70.0%
ULTA Ulta Beauty Inc. 0.04% 210 $95K No change
GMF State Street SPDR S&P Emergi 0.04% 1,000 $89K New
CHWY Chewy Inc. Class A 0.04% 4,500 $88K No change
SG Sweetgreen Inc. Class A 0.03% 9,000 $79K Reduce -16.7%
WBTN Webtoon Entertainment Inc. 0.03% 6,500 $74K Reduce -23.5%
LULU Lululemon Athletica Inc. 0.03% 630 $72K Reduce -13.7%
EWY iShares MSCI South Korea ETF 0.03% 1,205 $70K New
ILF iShares Latin America 40 ETF 0.01% 600 $19K New

Portfolio Sells Q1 2026 → Q2 2026
INTC Intel Corp. Sold out 0.00% −0.59
TXN Texas Instruments Inc. Reduce -42.9% 1.20% −0.56
AAPL Apple Inc. Reduce -10.5% 2.02% −0.53
MRK Merck & Co. Inc. Reduce -17.6% 0.72% −0.33
ADI Analog Devices Inc. Reduce -9.3% 1.95% −0.26
CTRA Coterra Energy Inc. Sold out 0.00% −0.24
KO The Coca-Cola Co. Reduce -15.0% 0.55% −0.23
NET Cloudflare Inc. Class A Reduce -15.0% 0.84% −0.23
STT State Street Corp. Reduce -36.6% 0.35% −0.18
ON On Semiconductor Reduce -27.4% 1.10% −0.18
MCHP Microchip Technology Inc. Reduce -18.3% 1.54% −0.18
MRVL Marvell Technology Inc. Reduce -61.4% 1.62% −0.17
DE Deere & Co. Reduce -8.3% 0.70% −0.17
MA Mastercard Inc. Class A Reduce -5.6% 0.53% −0.17
BEAM Beam Therapeutics Inc. Reduce -42.1% 0.30% −0.16
JPM JPMorgan Chase & Co. Reduce -6.1% 0.69% −0.16
TECH Bio-Techne Corp. Reduce -24.1% 0.58% −0.15
VRTX Vertex Pharmaceuticals Inc. Reduce -19.1% 0.34% −0.14
GS Goldman Sachs Group Inc. Reduce -10.2% 0.71% −0.14
JNJ Johnson & Johnson Reduce -8.8% 0.32% −0.11
GOOGL Alphabet Inc. Class A Reduce -7.1% 3.73% −0.09
TTWO Take-Two Interactive Softwre Reduce -7.4% 0.94% −0.09
SBUX Starbucks Corp. Reduce -11.1% 0.33% −0.09
LLY Eli Lilly & Co. Reduce -10.9% 0.73% −0.08
SOLS Solstice Adv Materials Inc. Sold out 0.00% −0.06
MNST Monster Beverage Corp. Reduce -9.4% 0.84% −0.06
VLO Valero Energy Corp. Reduce -4.8% 0.21% −0.06
ZTS Zoetis Inc. Sold out 0.00% −0.03
AMAT Applied Materials Inc. Reduce -40.3% 1.66% −0.03
LULU Lululemon Athletica Inc. Reduce -13.7% 0.03% −0.03
ALGN Align Technology Inc. Reduce -14.3% 0.04% −0.02
CAG Conagra Brands Inc. Sold out 0.00% −0.01
MRNA Moderna Inc. Sold out 0.00% −0.01
WBTN Webtoon Entertainment Inc. Reduce -23.5% 0.03% −0.01
SG Sweetgreen Inc. Class A Reduce -16.7% 0.03% +0.00
ETSY Etsy Inc. Reduce -9.8% 0.11% +0.01
SNOW Snowflake Inc. Reduce -5.3% 1.64% +0.32
PANW Palo Alto Networks Inc. Reduce -27.9% 2.12% +0.34
AMD Advanced Micro Devices Reduce -48.1% 2.92% +0.39
CRWD CrowdStrike Holdings Inc. Class A Reduce -22.4% 2.54% +0.39
DDOG Datadog Inc. Class A Reduce -23.3% 1.73% +0.42

Portfolio Buys Q1 2026 → Q2 2026
MU Micron Technology Inc. Add +16.0% 2.53% +1.71
DXCM Dexcom Inc. Add +1332.6% 0.83% +0.76
QBTS D-Wave Quantum Inc. New 0.72% +0.72
CRM Salesforce Inc. Add +228.0% 0.96% +0.51
VZ Verizon Communications Inc. New 0.39% +0.39
ISRG Intuitive Surgical Inc. Add +79.7% 1.84% +0.31
F Ford Motor Co. Add +171.9% 0.49% +0.30
DVN Devon Energy Corp. New 0.28% +0.28
TOST Toast Inc. Class A Add +46.1% 1.45% +0.23
BSX Boston Scientific Corp. Add +123.7% 1.46% +0.23
DHI D.R. Horton Inc. Add +102.8% 0.48% +0.22
TSN Tyson Foods Inc. Class A Add +324.2% 0.32% +0.21
GM General Motors Co. Add +80.3% 0.68% +0.21
AIG American International Group Add +192.5% 0.35% +0.19
PCAR Paccar Inc. Add +135.5% 0.35% +0.17
UPS United Parcel Service Class B Add +134.4% 0.32% +0.16
CVS CVS Health Corp. Add +60.0% 0.33% +0.15
HPE Hewlett Packard Enterprise Add +33.3% 0.29% +0.14
T AT&T Inc. Add +143.1% 0.52% +0.13
CSCO Cisco Systems Inc. Add +8.3% 0.61% +0.13
URI United Rentals Inc. Add +23.1% 0.36% +0.12
PI Impinj Inc. Add +7.4% 0.83% +0.12
DIS The Walt Disney Co. Add +48.4% 0.89% +0.12
CI The Cigna Group Add +46.7% 0.73% +0.11
OKTA Okta Inc. New 0.11% +0.11
PINS Pinterest Inc. Class A Add +434.5% 0.13% +0.10
ELV Elevance Health Inc. Add +50.0% 0.28% +0.10
SPY SS SPDR S&P 500 ETF Trust-US New 0.10% +0.10
LUV Southwest Airlines Co. Add +180.0% 0.14% +0.10
AMZN Amazon.com Inc. Add +15.0% 4.04% +0.09
KR Kroger Co. Add +130.8% 0.33% +0.09
VCIT Vanguard Int-Term Corporate New 0.07% +0.07
META Meta Platforms Inc. Class A Add +38.1% 1.05% +0.06
FIS Fidelity National Info Serv Add +300.0% 0.09% +0.06
WFC Wells Fargo & Co. Add +58.3% 0.25% +0.06
CEG Constellation Energy Add +200.0% 0.09% +0.05
MTCH Match Group Inc. Add +43.9% 0.15% +0.04
FDX FedEx Corp. Add +66.7% 0.31% +0.04
FDXF FedEx Freight Holding Co. Add +113.3% 0.10% +0.04
GMF State Street SPDR S&P Emergi New 0.04% +0.04
DASH DoorDash Inc. Class A Add +42.9% 0.11% +0.03
BAC Bank of America Corp. Add +12.9% 1.10% +0.03
EWY iShares MSCI South Korea ETF New 0.03% +0.03
BMY Bristol-Myers Squibb Co. Add +50.0% 0.24% +0.02
MET Metlife Inc. Add +22.2% 0.19% +0.02
PFE Pfizer Inc. Add +54.0% 0.84% +0.02
ABBV Abbvie Inc. Add +37.5% 0.11% +0.02
DUOL Duolingo Add +80.0% 0.04% +0.02
GPN Global Payments Inc. Add +25.0% 0.31% +0.01
WY Weyerhaeuser Co. Add +42.9% 0.10% +0.01

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