Generali Powszechne Towarzystwo Emerytalne

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), Generali Powszechne Towarzystwo Emerytalne reported 30 stock positions worth $584.6 million. Its top holding was Micron Technology (MU) at 7.3% of the portfolio, followed by Amazon.com (AMZN, 6.4%) and Microsoft (MSFT, 5.8%). Compared with Q3 2025, it opened 2 new positions, added to 3 and reduced 1. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Micron Technology (MU, shares −23%).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002042955
Portfolio Value
$584.6M (Q4 2025)
SEC Filing
0002042955-26-000001 ↗ filed Jan 26, 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 $584.6M Q4 2025 Q1 2026: $565.6M Q1 2026 Q2 2026: $631.1M Q2 2026

Holdings 30 stocks · $584.6M
MU Micron Technology Inc. 7.32% 150,000 $42.8M Reduce -23.1%
AMZN Amazon.com Inc. 6.44% 163,000 $37.6M No change
MSFT Microsoft Corp. 5.83% 70,500 $34.1M Add +30.3%
META Meta Platforms Inc. Class A 5.65% 50,000 $33.0M No change
CRM Salesforce Inc. 5.25% 115,800 $30.7M No change
MELI MercadoLibre Inc. 5.20% 15,100 $30.4M Add +50.0%
AMD Advanced Micro Devices 5.13% 140,000 $30.0M No change
UNH Unitedhealth Group Inc. 5.10% 90,350 $29.8M No change
SNOW Snowflake Inc. 4.90% 130,600 $28.6M No change
NOW ServiceNow Inc. 4.75% 181,250 $27.8M No change
TTWO Take-Two Interactive Softwre 4.39% 100,300 $25.7M No change
ADBE Adobe Inc. 4.21% 70,350 $24.6M No change
V Visa Inc. Class A 3.91% 65,118 $22.8M No change
DHR Danaher Corp. 3.56% 91,000 $20.8M No change
WCC Wesco International Inc. 3.46% 82,679 $20.2M No change
NVDA Nvidia Corp. 3.35% 105,000 $19.6M New
GS Goldman Sachs Group Inc. 3.02% 20,118 $17.7M No change
S Sentinelone Inc. Class A 2.73% 1,063,223 $15.9M No change
CROX Crocs Inc. 2.68% 183,000 $15.7M No change
CAT Caterpillar Inc. 2.46% 25,118 $14.4M No change
BA The Boeing Co. 1.86% 50,000 $10.9M Add +148.5%
C Citigroup Inc. 1.30% 64,900 $7.6M No change
ACHR Archer Aviation Inc. Class A 1.29% 1,000,000 $7.5M New
AXP American Express Co. 1.27% 20,118 $7.4M No change
AMGN Amgen Inc. 1.13% 20,118 $6.6M No change
HAL Halliburton Co. 1.06% 220,000 $6.2M No change
MCD McDonald's Corp. 1.05% 20,118 $6.1M No change
TRV The Travelers Cos Inc. 1.00% 20,118 $5.8M No change
HON Honeywell International Inc. 0.67% 20,118 $3.9M No change
SOLS Solstice Adv Materials Inc. 0.04% 5,029 $244K No change

Portfolio Sells Q3 2025 → Q4 2025
MU Micron Technology Inc. Reduce -23.1% 7.32% +1.00

Portfolio Buys Q3 2025 → Q4 2025
NVDA Nvidia Corp. New 3.35% +3.35
ACHR Archer Aviation Inc. Class A New 1.29% +1.29
BA The Boeing Co. Add +148.5% 1.86% +1.02
MELI MercadoLibre Inc. Add +50.0% 5.20% +0.64
MSFT Microsoft Corp. Add +30.3% 5.83% +0.40

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