Generali Powszechne Towarzystwo Emerytalne

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 21, 2026), Generali Powszechne Towarzystwo Emerytalne reported 28 stock positions worth $565.6 million. Its top holding was Freeport-McMoran (FCX) at 9.3% of the portfolio, followed by Conocophillips (COP, 7.5%) and Microsoft (MSFT, 7.2%). Compared with Q4 2025, it opened 3 new positions, sold out of 5, added to 3 and reduced 1. The biggest buy was a new position in Freeport-McMoran (FCX) and the biggest sale Micron Technology (MU, shares −67%).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002042955
Portfolio Value
$565.6M (Q1 2026)
SEC Filing
0002042955-26-000003 ↗ filed Apr 21, 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 $565.6M Q1 2026 Q2 2026: $631.1M Q2 2026

Holdings 28 stocks · $565.6M
FCX Freeport-McMoran Inc. 9.27% 892,200 $52.4M New
COP Conocophillips 7.53% 322,500 $42.6M New
MSFT Microsoft Corp. 7.23% 110,500 $40.9M Add +56.7%
AMZN Amazon.com Inc. 6.00% 163,000 $33.9M No change
NVDA Nvidia Corp. 5.24% 170,000 $29.6M Add +61.9%
META Meta Platforms Inc. Class A 5.06% 50,000 $28.6M No change
AMD Advanced Micro Devices 5.04% 140,000 $28.5M No change
MELI MercadoLibre Inc. 4.62% 15,100 $26.1M No change
UNH Unitedhealth Group Inc. 4.32% 90,350 $24.4M No change
WCC Wesco International Inc. 4.00% 82,679 $22.6M No change
CRM Salesforce Inc. 3.82% 115,800 $21.6M No change
TTWO Take-Two Interactive Softwre 3.50% 100,300 $19.8M No change
SNOW Snowflake Inc. 3.48% 130,600 $19.7M No change
V Visa Inc. Class A 3.48% 65,118 $19.7M No change
NOW ServiceNow Inc. 3.35% 181,250 $18.9M No change
DHR Danaher Corp. 3.05% 91,000 $17.3M No change
ADBE Adobe Inc. 3.02% 70,350 $17.1M No change
MU Micron Technology Inc. 2.99% 50,000 $16.9M Reduce -66.7%
BA The Boeing Co. 2.46% 70,000 $13.9M Add +40.0%
S Sentinelone Inc. Class A 2.42% 1,063,223 $13.7M No change
NKE Nike Inc. Class B 2.35% 251,850 $13.3M New
HAL Halliburton Co. 1.52% 220,000 $8.6M No change
C Citigroup Inc. 1.30% 64,900 $7.4M No change
MCD McDonald's Corp. 1.11% 20,118 $6.3M No change
AXP American Express Co. 1.08% 20,118 $6.1M No change
TRV The Travelers Cos Inc. 1.04% 20,118 $5.9M No change
ACHR Archer Aviation Inc. Class A 0.91% 1,000,000 $5.2M No change
HON Honeywell International Inc. 0.80% 20,118 $4.5M No change

Portfolio Sells Q4 2025 → Q1 2026
MU Micron Technology Inc. Reduce -66.7% 2.99% −4.34
GS Goldman Sachs Group Inc. Sold out 0.00% −3.02
CROX Crocs Inc. Sold out 0.00% −2.68
CAT Caterpillar Inc. Sold out 0.00% −2.46
AMGN Amgen Inc. Sold out 0.00% −1.13
SOLS Solstice Adv Materials Inc. Sold out 0.00% −0.04

Portfolio Buys Q4 2025 → Q1 2026
FCX Freeport-McMoran Inc. New 9.27% +9.27
COP Conocophillips New 7.53% +7.53
NKE Nike Inc. Class B New 2.35% +2.35
NVDA Nvidia Corp. Add +61.9% 5.24% +1.89
MSFT Microsoft Corp. Add +56.7% 7.23% +1.40
BA The Boeing Co. Add +40.0% 2.46% +0.61

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