Generali Powszechne Towarzystwo Emerytalne

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), Generali Powszechne Towarzystwo Emerytalne reported 25 stock positions worth $631.1 million. Its top holding was Freeport-McMoran (FCX) at 8.9% of the portfolio, followed by Amazon.com (AMZN, 8.7%) and Nvidia (NVDA, 8.6%). Compared with Q1 2026, it opened 1 new position, sold out of 5, added to 6 and reduced 1. The biggest buy was Snowflake (SNOW, shares +45%) and the biggest sale an exit from Conocophillips (COP).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002042955
Portfolio Value
$631.1M (Q2 2026)
SEC Filing
0002042955-26-000004 ↗ filed Jul 22, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $275.0M Q1 2024 Q2 2024: $287.7M Q2 2024 Q3 2024: $297.8M Q3 2024 Q4 2024: $298.0M Q4 2024 Q1 2025: $316.3M Q1 2025 Q2 2025: $484.3M Q2 2025 Q3 2025: $516.0M Q3 2025 Q4 2025: $584.6M Q4 2025 Q1 2026: $565.6M Q1 2026 Q2 2026: $631.1M $631.1M Q2 2026

Holdings 25 stocks · $631.1M
FCX Freeport-McMoran Inc. 8.89% 892,200 $56.1M No change
AMZN Amazon.com Inc. 8.71% 230,630 $55.0M Add +41.5%
NVDA Nvidia Corp. 8.56% 270,000 $54.0M Add +58.8%
MSFT Microsoft Corp. 8.03% 135,900 $50.7M Add +23.0%
SNOW Snowflake Inc. 7.66% 190,000 $48.4M Add +45.5%
AMD Advanced Micro Devices 7.36% 80,000 $46.5M Reduce -42.9%
UNH Unitedhealth Group Inc. 5.95% 90,350 $37.6M No change
WCC Wesco International Inc. 4.53% 82,679 $28.6M No change
META Meta Platforms Inc. Class A 4.46% 50,000 $28.2M No change
NOW ServiceNow Inc. 4.42% 281,250 $27.9M Add +55.2%
MELI MercadoLibre Inc. 4.06% 15,100 $25.6M No change
TTWO Take-Two Interactive Softwre 3.97% 100,300 $25.1M No change
CRM Salesforce Inc. 3.62% 145,800 $22.8M Add +25.9%
V Visa Inc. Class A 3.54% 65,118 $22.3M No change
S Sentinelone Inc. Class A 2.86% 1,063,223 $18.0M No change
DHR Danaher Corp. 2.75% 91,000 $17.3M No change
BA The Boeing Co. 2.40% 70,000 $15.2M No change
ORCL Oracle Corp. 2.32% 100,000 $14.7M New
C Citigroup Inc. 1.44% 64,900 $9.1M No change
AXP American Express Co. 1.08% 20,118 $6.8M No change
TRV The Travelers Cos Inc. 1.05% 20,118 $6.6M No change
MCD McDonald's Corp. 0.86% 20,118 $5.4M No change
ACHR Archer Aviation Inc. Class A 0.75% 1,000,000 $4.7M No change
HON Honeywell International Inc. 0.36% 10,059 $2.3M No change
HONA Honeywell Aerospace Inc. 0.35% 10,059 $2.2M No change

Portfolio Sells Q1 2026 → Q2 2026
COP Conocophillips Sold out 0.00% −7.53
ADBE Adobe Inc. Sold out 0.00% −3.02
MU Micron Technology Inc. Sold out 0.00% −2.99
NKE Nike Inc. Class B Sold out 0.00% −2.35
HAL Halliburton Co. Sold out 0.00% −1.52
AMD Advanced Micro Devices Reduce -42.9% 7.36% +2.33

Portfolio Buys Q1 2026 → Q2 2026
SNOW Snowflake Inc. Add +45.5% 7.66% +4.18
NVDA Nvidia Corp. Add +58.8% 8.56% +3.32
AMZN Amazon.com Inc. Add +41.5% 8.71% +2.71
ORCL Oracle Corp. New 2.32% +2.32
NOW ServiceNow Inc. Add +55.2% 4.42% +1.07
MSFT Microsoft Corp. Add +23.0% 8.03% +0.80
CRM Salesforce Inc. Add +25.9% 3.62% −0.20

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 25$631.1MFCX, AMZN, NVDA, MSFT, SNOW
Q1 2026 28$565.6MFCX, COP, MSFT, AMZN, NVDA
Q4 2025 30$584.6MMU, AMZN, MSFT, META, CRM
Q3 2025 27$516.0MMETA, AMZN, NOW, MU, UNH
Q2 2025 29$484.3MRBLX, META, AMZN, SNOW, CRM
Q1 2025 28$316.3MRBLX, TTWO, MSFT, CROX, S
Q4 2024Amended 26$298.0MPLTR, RBLX, S, MSFT, CROX
Q3 2024 25$297.8MPLTR, CROX, S, MSFT, STLA
Q2 2024 25$287.7MSTLA, PLTR, CROX, MSFT, S
Q1 2024 26$275.0MCROX, MSFT, S, INTC, SNOW