Generate Investment Management Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 1, 2024), Generate Investment Management Ltd reported 74 stock positions worth $1.4 billion. Its top holding was Amazon.com (AMZN) at 6.0% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Nvidia (NVDA, 5.3%). Compared with Q1 2024, it opened 18 new positions, sold out of 18, added to 20 and reduced 32. The biggest buy was a new position in Elevance Health (ELV) and the biggest sale Atkore (ATKR, shares −20%).

Most Recent 13F
Q2 2026
Location
AUCKLAND, Q2
CIK
0002025905
Portfolio Value
$1.4B (Q2 2024)
SEC Filing
0002025905-24-000003 ↗ filed Aug 1, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.4B $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 · $1.4B
AMZN Amazon.com Inc. 6.00% 427,162 $82.5M Add +19.3%
MSFT Microsoft Corp. 5.97% 183,725 $82.1M Add +10.8%
NVDA Nvidia Corp. 5.26% 585,609 $72.3M Add +4.5%
GOOGL Alphabet Inc. Class A 4.24% 320,099 $58.3M Reduce -6.0%
AAPL Apple Inc. 3.91% 255,335 $53.8M Add +24.1%
PHM Pultegroup Inc. 2.98% 372,096 $41.0M Add +57.9%
META Meta Platforms Inc. Class A 2.98% 81,185 $40.9M Reduce -11.1%
BRK.B Berkshire Hathaway Inc. Class B 2.81% 95,077 $38.7M Reduce -21.9%
WAL Western Alliance Bancorp 2.63% 575,894 $36.2M Add +14.9%
UNH Unitedhealth Group Inc. 2.47% 66,738 $34.0M Add +15.9%
WSC Willscot Holdings Corp. 2.42% 885,648 $33.3M Reduce -0.7%
ELV Elevance Health Inc. 2.34% 59,247 $32.1M New
CRH CRH PLC 2.33% 426,807 $32.0M Reduce -10.5%
RCL Royal Caribbean Cruises Ltd. 2.28% 196,264 $31.3M Add +26.6%
V Visa Inc. Class A 1.92% 100,679 $26.4M Reduce -1.7%
FISV Fiserv Inc. 1.85% 170,978 $25.5M Reduce -6.2%
LLY Eli Lilly & Co. 1.85% 28,128 $25.5M Reduce -10.2%
HQY Healthequity Inc. 1.76% 280,557 $24.2M New
FCNCA First Citizens Bcshs Class A 1.58% 12,903 $21.7M Add +9.4%
NVO Novo-Nordisk A/S-Spons ADR 1.54% 148,363 $21.2M Reduce -1.9%
ATKR Atkore Inc. 1.47% 150,268 $20.3M Reduce -19.9%
TSM Taiwan Semiconductor-SP ADR 1.47% 116,145 $20.2M Reduce -25.1%
CPAY Corpay Inc. 1.42% 73,346 $19.5M New
AVGO Broadcom Inc. 1.34% 11,505 $18.5M New
VRT Vertiv Holdings Co. Class A 1.34% 213,121 $18.4M New
AZO AutoZone Inc. 1.28% 5,953 $17.6M Add +83.6%
MCK McKesson Corp. 1.28% 30,146 $17.6M Reduce -15.8%
BSX Boston Scientific Corp. 1.24% 222,089 $17.1M Add +26.1%
LNG Cheniere Energy Inc. 1.10% 86,622 $15.1M Reduce -17.6%
TTE Totalenergies SE -Spon ADR 0.97% 199,552 $13.3M New
LRCX Lam Research Corp. 0.96% 12,400 $13.2M Reduce -19.6%
AEM Agnico Eagle Mines Ltd. 0.94% 198,640 $13.0M Reduce -21.7%
FNV Franco-Nevada Corp. 0.92% 106,519 $12.6M Reduce -23.8%
SPOT Spotify Technology SA 0.91% 40,038 $12.6M Add +14.3%
RSG Republic Services Inc. 0.91% 64,425 $12.5M No change
GDDY GoDaddy Inc. Class A 0.90% 88,208 $12.3M Add +95.3%
WM Waste Management Inc. 0.88% 56,514 $12.1M Add +32.2%
JPM JPMorgan Chase & Co. 0.86% 58,599 $11.9M Reduce -20.6%
MRK Merck & Co. Inc. 0.85% 94,717 $11.7M Add +88.7%
MCO Moody's Corp. 0.85% 27,771 $11.7M Add +14.4%
AMAT Applied Materials Inc. 0.84% 49,218 $11.6M New
NOW ServiceNow Inc. 0.84% 14,764 $11.6M New
APH Amphenol Corp. Class A 0.83% 168,734 $11.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.82% 283,997 $11.3M Reduce -20.5%
PINS Pinterest Inc. Class A 0.80% 249,630 $11.0M New
BP BP PLC-Spons ADR 0.78% 296,766 $10.7M Add +13.5%
TMO Thermo Fisher Scientific Inc. 0.78% 19,299 $10.7M Reduce -13.6%
WCN Waste Connections Inc. 0.76% 59,231 $10.4M No change
NFLX Netflix Inc. 0.73% 14,816 $10.0M Add +13.6%
WMT Walmart Inc. 0.72% 146,385 $9.9M New
DAL Delta Air Lines Inc. 0.68% 196,158 $9.3M New
PLD Prologis Inc. 0.64% 78,218 $8.8M Reduce -14.1%
HD Home Depot Inc. 0.63% 25,263 $8.7M Reduce -35.1%
GS Goldman Sachs Group Inc. 0.62% 18,783 $8.5M Reduce -19.3%
ICE Intercontinental Exchange Inc. 0.61% 61,448 $8.4M Reduce -2.7%
ASML ASML Holding NV-NY Reg SHS 0.59% 7,938 $8.1M Add +45.4%
QCOM Qualcomm Inc. 0.56% 38,906 $7.7M New
COR Cencora Inc. 0.56% 34,169 $7.7M Reduce -14.8%
AMT American Tower Corp. 0.53% 37,155 $7.2M New
UBER Uber Technologies Inc. 0.52% 98,932 $7.2M No change
EFX Equifax Inc. 0.52% 29,281 $7.1M Reduce -57.4%
CHWY Chewy Inc. Class A 0.48% 244,536 $6.7M New
TSLA Tesla Inc. 0.44% 30,569 $6.0M New
CRM Salesforce Inc. 0.44% 23,278 $6.0M Reduce -57.1%
KIM Kimco Realty Corp. 0.43% 305,820 $6.0M Add +13.2%
H Hyatt Hotels Corp. Class A 0.42% 38,186 $5.8M New
ORLY O'reilly Automotive Inc. 0.41% 5,292 $5.6M Reduce -17.9%
HUBS HubSpot Inc. 0.37% 8,632 $5.1M New
TXN Texas Instruments Inc. 0.36% 25,648 $5.0M Reduce -33.2%
PEP Pepsico Inc. 0.27% 22,700 $3.7M Reduce -43.0%
KLAC KLA Corp. 0.25% 4,231 $3.5M New
LULU Lululemon Athletica Inc. 0.25% 11,494 $3.4M Reduce -38.6%
PG The Procter & Gamble Co. 0.25% 20,692 $3.4M Reduce -63.3%
ENTG Entegris Inc. 0.21% 21,285 $2.9M Reduce -69.7%

Options reported separately and not counted above: SPY puts ($326.5M).

Portfolio Sells Q1 2024 → Q2 2024
ATKR Atkore Inc. Reduce -19.9% 1.47% −1.33
BRK.B Berkshire Hathaway Inc. Class B Reduce -21.9% 2.81% −1.20
MA Mastercard Inc. Class A Sold out 0.00% −1.01
WDAY Workday Inc. Class A Sold out 0.00% −0.95
RPRX Royalty Pharma PLC Class A Sold out 0.00% −0.94
EFX Equifax Inc. Reduce -57.4% 0.52% −0.93
CRH CRH PLC Reduce -10.5% 2.33% −0.90
ULTA Ulta Beauty Inc. Sold out 0.00% −0.88
CRM Salesforce Inc. Reduce -57.1% 0.44% −0.85
WH Wyndham Hotels & Resorts Inc. Sold out 0.00% −0.83
WSC Willscot Holdings Corp. Reduce -0.7% 2.42% −0.83
ANET Arista Networks Inc. Sold out 0.00% −0.73
DHR Danaher Corp. Sold out 0.00% −0.70
CSGP Costar Group Inc. Sold out 0.00% −0.68
TER Teradyne Inc. Sold out 0.00% −0.66
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.63
ENTG Entegris Inc. Reduce -69.7% 0.21% −0.57
HD Home Depot Inc. Reduce -35.1% 0.63% −0.54
IQV Iqvia Holdings Inc. Sold out 0.00% −0.53
CCEP Coca-Cola Europacific Partne Sold out 0.00% −0.51
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.51
META Meta Platforms Inc. Class A Reduce -11.1% 2.98% −0.50
PG The Procter & Gamble Co. Reduce -63.3% 0.25% −0.47
FISV Fiserv Inc. Reduce -6.2% 1.85% −0.43
AMD Advanced Micro Devices Sold out 0.00% −0.41
FNV Franco-Nevada Corp. Reduce -23.8% 0.92% −0.39
ABBV Abbvie Inc. Sold out 0.00% −0.38
NET Cloudflare Inc. Class A Sold out 0.00% −0.37
SPGI S&P Global Inc. Sold out 0.00% −0.36
LULU Lululemon Athletica Inc. Reduce -38.6% 0.25% −0.32
V Visa Inc. Class A Reduce -1.7% 1.92% −0.32
JPM JPMorgan Chase & Co. Reduce -20.6% 0.86% −0.30
PLD Prologis Inc. Reduce -14.1% 0.64% −0.29
PEP Pepsico Inc. Reduce -43.0% 0.27% −0.27
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.27
TMO Thermo Fisher Scientific Inc. Reduce -13.6% 0.78% −0.24
AEM Agnico Eagle Mines Ltd. Reduce -21.7% 0.94% −0.24
BAC Bank of America Corp. Reduce -20.5% 0.82% −0.24
LNG Cheniere Energy Inc. Reduce -17.6% 1.10% −0.23
MCK McKesson Corp. Reduce -15.8% 1.28% −0.23
LRCX Lam Research Corp. Reduce -19.6% 0.96% −0.22
COR Cencora Inc. Reduce -14.8% 0.56% −0.20
TSM Taiwan Semiconductor-SP ADR Reduce -25.1% 1.47% −0.19
ORLY O'reilly Automotive Inc. Reduce -17.9% 0.41% −0.16
TXN Texas Instruments Inc. Reduce -33.2% 0.36% −0.16
GS Goldman Sachs Group Inc. Reduce -19.3% 0.62% −0.14
ICE Intercontinental Exchange Inc. Reduce -2.7% 0.61% −0.07
LLY Eli Lilly & Co. Reduce -10.2% 1.85% −0.06
NVO Novo-Nordisk A/S-Spons ADR Reduce -1.9% 1.54% +0.02
GOOGL Alphabet Inc. Class A Reduce -6.0% 4.24% +0.21

Portfolio Buys Q1 2024 → Q2 2024
ELV Elevance Health Inc. New 2.34% +2.34
HQY Healthequity Inc. New 1.76% +1.76
CPAY Corpay Inc. New 1.42% +1.42
AVGO Broadcom Inc. New 1.34% +1.34
VRT Vertiv Holdings Co. Class A New 1.34% +1.34
NVDA Nvidia Corp. Add +4.5% 5.26% +1.29
AAPL Apple Inc. Add +24.1% 3.91% +1.14
TTE Totalenergies SE -Spon ADR New 0.97% +0.97
AMZN Amazon.com Inc. Add +19.3% 6.00% +0.94
AMAT Applied Materials Inc. New 0.84% +0.84
NOW ServiceNow Inc. New 0.84% +0.84
PINS Pinterest Inc. Class A New 0.80% +0.80
PHM Pultegroup Inc. Add +57.9% 2.98% +0.75
WMT Walmart Inc. New 0.72% +0.72
DAL Delta Air Lines Inc. New 0.68% +0.68
RCL Royal Caribbean Cruises Ltd. Add +26.6% 2.28% +0.58
QCOM Qualcomm Inc. New 0.56% +0.56
AMT American Tower Corp. New 0.53% +0.53
MSFT Microsoft Corp. Add +10.8% 5.97% +0.50
CHWY Chewy Inc. Class A New 0.48% +0.48
AZO AutoZone Inc. Add +83.6% 1.28% +0.48
GDDY GoDaddy Inc. Class A Add +95.3% 0.90% +0.48
TSLA Tesla Inc. New 0.44% +0.44
H Hyatt Hotels Corp. Class A New 0.42% +0.42
HUBS HubSpot Inc. New 0.37% +0.37
MRK Merck & Co. Inc. Add +88.7% 0.85% +0.33
BSX Boston Scientific Corp. Add +26.1% 1.24% +0.30
KLAC KLA Corp. New 0.25% +0.25
UNH Unitedhealth Group Inc. Add +15.9% 2.47% +0.24
SPOT Spotify Technology SA Add +14.3% 0.91% +0.19
ASML ASML Holding NV-NY Reg SHS Add +45.4% 0.59% +0.17
WM Waste Management Inc. Add +32.2% 0.88% +0.16
WAL Western Alliance Bancorp Add +14.9% 2.63% +0.11
NFLX Netflix Inc. Add +13.6% 0.73% +0.11
MCO Moody's Corp. Add +14.4% 0.85% +0.10
FCNCA First Citizens Bcshs Class A Add +9.4% 1.58% +0.07
KIM Kimco Realty Corp. Add +13.2% 0.43% +0.02
BP BP PLC-Spons ADR Add +13.5% 0.78% +0.01

Options Activity Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US put New 600,000 $326.5M
IWM iShares Russell 2000 ETF put Sold out 500,000 $105.2Mbefore exit

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