Generate Investment Management Ltd

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed August 1, 2024), Generate Investment Management Ltd reported 74 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by Amazon.com (AMZN, 5.1%) and Alphabet Class A (GOOGL, 4.0%). Compared with Q4 2023, it opened 12 new positions, sold out of 12, added to 22 and reduced 33. The biggest buy was Amazon.com (AMZN, shares +40%) and the biggest sale an exit from Inmode (INMD).

Most Recent 13F
Q2 2026
Location
AUCKLAND, Q2
CIK
0002025905
Portfolio Value
$1.3B (Q1 2024)
SEC Filing
0002025905-24-000002 ↗ filed Aug 1, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.3B $1.3B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $2.0B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $2.0B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 74 stocks · $1.3B
MSFT Microsoft Corp. 5.47% 165,764 $69.7M Reduce -10.8%
AMZN Amazon.com Inc. 5.07% 358,153 $64.6M Add +40.0%
GOOGL Alphabet Inc. Class A 4.03% 340,546 $51.4M Add +48.1%
BRK.B Berkshire Hathaway Inc. Class B 4.01% 121,656 $51.2M Reduce -18.5%
NVDA Nvidia Corp. 3.97% 56,040 $50.6M Reduce -29.1%
META Meta Platforms Inc. Class A 3.48% 91,339 $44.4M Reduce -21.3%
WSC Willscot Holdings Corp. 3.26% 892,159 $41.5M Add +31.3%
CRH CRH PLC 3.23% 477,056 $41.2M Reduce -6.0%
ATKR Atkore Inc. 2.80% 187,619 $35.7M Add +23.4%
AAPL Apple Inc. 2.77% 205,662 $35.3M Add +30.3%
WAL Western Alliance Bancorp 2.52% 501,071 $32.2M Add +45.7%
FISV Fiserv Inc. 2.29% 182,330 $29.1M No change
V Visa Inc. Class A 2.24% 102,439 $28.6M Reduce -16.2%
UNH Unitedhealth Group Inc. 2.24% 57,583 $28.5M Add +3.3%
PHM Pultegroup Inc. 2.23% 235,588 $28.4M Add +20.8%
LLY Eli Lilly & Co. 1.91% 31,315 $24.4M Reduce -20.3%
RCL Royal Caribbean Cruises Ltd. 1.69% 155,078 $21.6M Add +107.3%
TSM Taiwan Semiconductor-SP ADR 1.66% 155,043 $21.1M Reduce -3.1%
NVO Novo-Nordisk A/S-Spons ADR 1.52% 151,244 $19.4M Add +2.4%
FCNCA First Citizens Bcshs Class A 1.51% 11,791 $19.3M New
MCK McKesson Corp. 1.51% 35,781 $19.2M Add +106.6%
EFX Equifax Inc. 1.44% 68,664 $18.4M Add +99.9%
LNG Cheniere Energy Inc. 1.33% 105,079 $16.9M Reduce -4.2%
FNV Franco-Nevada Corp. 1.31% 139,712 $16.6M No change
CRM Salesforce Inc. 1.28% 54,296 $16.4M Add +62.9%
AEM Agnico Eagle Mines Ltd. 1.19% 253,595 $15.1M Reduce -19.2%
LRCX Lam Research Corp. 1.18% 15,428 $15.0M Add +0.7%
HD Home Depot Inc. 1.17% 38,914 $14.9M No change
JPM JPMorgan Chase & Co. 1.16% 73,851 $14.8M Add +13.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.06% 357,397 $13.6M Add +12.1%
TMO Thermo Fisher Scientific Inc. 1.02% 22,344 $13.0M Reduce -45.0%
MA Mastercard Inc. Class A 1.01% 26,716 $12.9M Reduce -10.8%
RSG Republic Services Inc. 0.97% 64,425 $12.3M Reduce -23.0%
WDAY Workday Inc. Class A 0.95% 44,209 $12.1M New
BSX Boston Scientific Corp. 0.95% 176,047 $12.1M Reduce -31.1%
RPRX Royalty Pharma PLC Class A 0.94% 396,342 $12.0M Reduce -17.3%
PLD Prologis Inc. 0.93% 91,046 $11.9M Reduce -35.4%
ULTA Ulta Beauty Inc. 0.88% 21,444 $11.2M Reduce -23.4%
WH Wyndham Hotels & Resorts Inc. 0.83% 138,413 $10.6M Add +42.1%
AZO AutoZone Inc. 0.80% 3,242 $10.2M Reduce -44.6%
WCN Waste Connections Inc. 0.80% 59,231 $10.2M Reduce -15.6%
ENTG Entegris Inc. 0.78% 70,303 $9.9M New
BP BP PLC-Spons ADR 0.77% 261,484 $9.9M Reduce -25.9%
COR Cencora Inc. 0.76% 40,109 $9.7M No change
APH Amphenol Corp. Class A 0.76% 84,367 $9.7M Reduce -30.1%
GS Goldman Sachs Group Inc. 0.76% 23,281 $9.7M New
MCO Moody's Corp. 0.75% 24,277 $9.5M No change
ANET Arista Networks Inc. 0.73% 32,189 $9.3M No change
SPOT Spotify Technology SA 0.73% 35,026 $9.2M New
PG The Procter & Gamble Co. 0.72% 56,394 $9.1M Add +4.4%
WM Waste Management Inc. 0.71% 42,746 $9.1M No change
DHR Danaher Corp. 0.70% 35,775 $8.9M Reduce -0.8%
ICE Intercontinental Exchange Inc. 0.68% 63,180 $8.7M New
CSGP Costar Group Inc. 0.68% 89,133 $8.6M Add +31.5%
TER Teradyne Inc. 0.66% 73,983 $8.3M Reduce -4.8%
VRTX Vertex Pharmaceuticals Inc. 0.63% 19,218 $8.0M Add +62.5%
NFLX Netflix Inc. 0.62% 13,044 $7.9M Reduce -3.2%
UBER Uber Technologies Inc. 0.60% 98,932 $7.6M Reduce -0.9%
LULU Lululemon Athletica Inc. 0.57% 18,731 $7.3M Reduce -17.3%
ORLY O'reilly Automotive Inc. 0.57% 6,448 $7.3M Add +55.5%
PEP Pepsico Inc. 0.55% 39,811 $7.0M Reduce -43.0%
IQV Iqvia Holdings Inc. 0.53% 26,794 $6.8M Reduce -34.4%
TXN Texas Instruments Inc. 0.52% 38,385 $6.7M New
MRK Merck & Co. Inc. 0.52% 50,195 $6.6M New
CCEP Coca-Cola Europacific Partne 0.51% 93,442 $6.5M Reduce -59.2%
REGN Regeneron Pharmaceuticals 0.51% 6,705 $6.5M New
GDDY GoDaddy Inc. Class A 0.42% 45,173 $5.4M Add +3.8%
KIM Kimco Realty Corp. 0.42% 270,242 $5.3M New
ASML ASML Holding NV-NY Reg SHS 0.42% 5,458 $5.3M Reduce -49.0%
AMD Advanced Micro Devices 0.41% 29,243 $5.3M Reduce -50.1%
ABBV Abbvie Inc. 0.38% 26,935 $4.9M New
NET Cloudflare Inc. Class A 0.37% 48,435 $4.7M New
SPGI S&P Global Inc. 0.36% 10,864 $4.6M Reduce -18.0%
AZN Astrazeneca PLC-Spons ADR 0.27% 50,771 $3.4M Reduce -51.6%

Options reported separately and not counted above: IWM puts ($105.2M).

Portfolio Sells Q4 2023 → Q1 2024
INMD Inmode Ltd. Sold out 0.00% −1.52
EQT Eqt Corp. Sold out 0.00% −1.37
GFL GFL Environmental Inc.-Sub VT Sold out 0.00% −1.32
TTE Totalenergies SE -Spon ADR Sold out 0.00% −1.12
TMO Thermo Fisher Scientific Inc. Reduce -45.0% 1.02% −0.84
COST Costco Wholesale Corp. Sold out 0.00% −0.81
CCEP Coca-Cola Europacific Partne Reduce -59.2% 0.51% −0.81
KO The Coca-Cola Co. Sold out 0.00% −0.78
PLD Prologis Inc. Reduce -35.4% 0.93% −0.69
NKE Nike Inc. Class B Sold out 0.00% −0.66
AMAT Applied Materials Inc. Sold out 0.00% −0.60
BRK.B Berkshire Hathaway Inc. Class B Reduce -18.5% 4.01% −0.59
MSFT Microsoft Corp. Reduce -10.8% 5.47% −0.57
V Visa Inc. Class A Reduce -16.2% 2.24% −0.51
AZO AutoZone Inc. Reduce -44.6% 0.80% −0.50
PEP Pepsico Inc. Reduce -43.0% 0.55% −0.48
WPM Wheaton Precious Metals Corp. Sold out 0.00% −0.47
LULU Lululemon Athletica Inc. Reduce -17.3% 0.57% −0.43
BLK BlackRock Finance Inc. Sold out 0.00% −0.42
AZN Astrazeneca PLC-Spons ADR Reduce -51.6% 0.27% −0.34
AMD Advanced Micro Devices Reduce -50.1% 0.41% −0.33
MELI MercadoLibre Inc. Sold out 0.00% −0.33
BSX Boston Scientific Corp. Reduce -31.1% 0.95% −0.33
BP BP PLC-Spons ADR Reduce -25.9% 0.77% −0.31
ULTA Ulta Beauty Inc. Reduce -23.4% 0.88% −0.31
AEM Agnico Eagle Mines Ltd. Reduce -19.2% 1.19% −0.30
LNG Cheniere Energy Inc. Reduce -4.2% 1.33% −0.29
ASML ASML Holding NV-NY Reg SHS Reduce -49.0% 0.42% −0.28
IQV Iqvia Holdings Inc. Reduce -34.4% 0.53% −0.28
APH Amphenol Corp. Class A Reduce -30.1% 0.76% −0.27
EL Estee Lauder Companies Class A Sold out 0.00% −0.27
RSG Republic Services Inc. Reduce -23.0% 0.97% −0.23
RPRX Royalty Pharma PLC Class A Reduce -17.3% 0.94% −0.22
SPGI S&P Global Inc. Reduce -18.0% 0.36% −0.14
WCN Waste Connections Inc. Reduce -15.6% 0.80% −0.11
MA Mastercard Inc. Class A Reduce -10.8% 1.01% −0.09
TER Teradyne Inc. Reduce -4.8% 0.66% −0.07
LLY Eli Lilly & Co. Reduce -20.3% 1.91% −0.07
META Meta Platforms Inc. Class A Reduce -21.3% 3.48% −0.07
DHR Danaher Corp. Reduce -0.8% 0.70% −0.02
NFLX Netflix Inc. Reduce -3.2% 0.62% +0.05
UBER Uber Technologies Inc. Reduce -0.9% 0.60% +0.07
CRH CRH PLC Reduce -6.0% 3.23% +0.19
TSM Taiwan Semiconductor-SP ADR Reduce -3.1% 1.66% +0.22
NVDA Nvidia Corp. Reduce -29.1% 3.97% +0.59

Portfolio Buys Q4 2023 → Q1 2024
AMZN Amazon.com Inc. Add +40.0% 5.07% +1.71
FCNCA First Citizens Bcshs Class A New 1.51% +1.51
GOOGL Alphabet Inc. Class A Add +48.1% 4.03% +1.26
WDAY Workday Inc. Class A New 0.95% +0.95
RCL Royal Caribbean Cruises Ltd. Add +107.3% 1.69% +0.85
MCK McKesson Corp. Add +106.6% 1.51% +0.81
ENTG Entegris Inc. New 0.78% +0.78
GS Goldman Sachs Group Inc. New 0.76% +0.76
SPOT Spotify Technology SA New 0.73% +0.73
EFX Equifax Inc. Add +99.9% 1.44% +0.71
ATKR Atkore Inc. Add +23.4% 2.80% +0.70
ICE Intercontinental Exchange Inc. New 0.68% +0.68
WSC Willscot Holdings Corp. Add +31.3% 3.26% +0.64
WAL Western Alliance Bancorp Add +45.7% 2.52% +0.57
CRM Salesforce Inc. Add +62.9% 1.28% +0.53
TXN Texas Instruments Inc. New 0.52% +0.52
MRK Merck & Co. Inc. New 0.52% +0.52
REGN Regeneron Pharmaceuticals New 0.51% +0.51
PHM Pultegroup Inc. Add +20.8% 2.23% +0.49
KIM Kimco Realty Corp. New 0.42% +0.42
ABBV Abbvie Inc. New 0.38% +0.38
NET Cloudflare Inc. Class A New 0.37% +0.37
ORLY O'reilly Automotive Inc. Add +55.5% 0.57% +0.23
VRTX Vertex Pharmaceuticals Inc. Add +62.5% 0.63% +0.21
JPM JPMorgan Chase & Co. Add +13.5% 1.16% +0.20
NVO Novo-Nordisk A/S-Spons ADR Add +2.4% 1.52% +0.20
CSGP Costar Group Inc. Add +31.5% 0.68% +0.16
WH Wyndham Hotels & Resorts Inc. Add +42.1% 0.83% +0.16
AAPL Apple Inc. Add +30.3% 2.77% +0.14
LRCX Lam Research Corp. Add +0.7% 1.18% +0.14
BAC Bank of America Corp. Add +12.1% 1.06% +0.14
PG The Procter & Gamble Co. Add +4.4% 0.72% +0.03
GDDY GoDaddy Inc. Class A Add +3.8% 0.42% +0.02
UNH Unitedhealth Group Inc. Add +3.3% 2.24% −0.30

Options Activity Q4 2023 → Q1 2024
IWM iShares Russell 2000 ETF put New 500,000 $105.2M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 90$2.4BNVDA, AMZN, MSFT, GOOGL, AAPL
Q1 2026 70$2.0BNVDA, MSFT, AMZN, META, GOOGL
Q4 2025 76$2.2BNVDA, AMZN, MSFT, GOOGL, META
Q3 2025 81$2.0BNVDA, MSFT, AAPL, AMZN, META
Q2 2025 90$1.8BNVDA, MSFT, AMZN, META, TSM
Q1 2025 77$1.4BAMZN, NVDA, META, MSFT, TSM
Q4 2024 75$1.4BNVDA, MSFT, AMZN, META, AAPL
Q3 2024 72$1.5BNVDA, MSFT, AMZN, META, AAPL
Q2 2024 74$1.4BAMZN, MSFT, NVDA, GOOGL, AAPL
Q1 2024 74$1.3BMSFT, AMZN, GOOGL, BRK.B, NVDA