Generate Investment Management Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 18, 2024), Generate Investment Management Ltd reported 72 stock positions worth $1.5 billion. Its top holding was Nvidia (NVDA) at 6.2% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Amazon.com (AMZN, 4.5%). Compared with Q2 2024, it opened 11 new positions, sold out of 13, added to 33 and reduced 26. The biggest buy was Vertiv Class A (VRT, shares +181%) and the biggest sale Alphabet Class A (GOOGL, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- AUCKLAND, Q2
- CIK
- 0002025905
- Portfolio Value
- $1.5B (Q3 2024)
- SEC Filing
- 0002025905-24-000005 ↗ filed Oct 18, 2024
Holdings Value
Holdings 72 stocks · $1.5B
| NVDA Nvidia Corp. | 6.21% | 766,010 | $93.0M | Add +30.8% |
| MSFT Microsoft Corp. | 4.78% | 166,264 | $71.5M | Reduce -9.5% |
| AMZN Amazon.com Inc. | 4.50% | 361,723 | $67.4M | Reduce -15.3% |
| META Meta Platforms Inc. Class A | 4.44% | 116,059 | $66.4M | Add +43.0% |
| AAPL Apple Inc. | 4.12% | 264,594 | $61.6M | Add +3.6% |
| VRT Vertiv Holdings Co. Class A | 3.98% | 598,372 | $59.5M | Add +180.8% |
| WSC Willscot Holdings Corp. | 2.74% | 1,091,371 | $41.0M | Add +23.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.56% | 83,194 | $38.3M | Reduce -12.5% |
| WAL Western Alliance Bancorp | 2.39% | 414,303 | $35.8M | Reduce -28.1% |
| AVGO Broadcom Inc. | 2.19% | 189,725 | $32.7M | Add +64.9% |
| GOOGL Alphabet Inc. Class A | 2.10% | 189,440 | $31.4M | Reduce -40.8% |
| CPAY Corpay Inc. | 2.05% | 98,156 | $30.7M | Add +33.8% |
| FISV Fiserv Inc. | 2.01% | 167,711 | $30.1M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 1.95% | 257,199 | $29.2M | Add +171.5% |
| FCNCA First Citizens Bcshs Class A | 1.92% | 15,649 | $28.8M | Add +21.3% |
| RCL Royal Caribbean Cruises Ltd. | 1.91% | 161,386 | $28.6M | Reduce -17.8% |
| CRH CRH PLC | 1.90% | 306,334 | $28.4M | Reduce -28.2% |
| MCK McKesson Corp. | 1.86% | 56,390 | $27.9M | Add +87.1% |
| ELV Elevance Health Inc. | 1.85% | 53,212 | $27.7M | Reduce -10.2% |
| UNH Unitedhealth Group Inc. | 1.72% | 43,918 | $25.7M | Reduce -34.2% |
| AEM Agnico Eagle Mines Ltd. | 1.68% | 311,818 | $25.1M | Add +57.0% |
| ASML ASML Holding NV-NY Reg SHS | 1.54% | 27,621 | $23.0M | Add +248.0% |
| HD Home Depot Inc. | 1.50% | 55,438 | $22.5M | Add +119.4% |
| MU Micron Technology Inc. | 1.44% | 208,327 | $21.6M | New |
| NFLX Netflix Inc. | 1.36% | 28,787 | $20.4M | Add +94.3% |
| AMD Advanced Micro Devices | 1.35% | 123,041 | $20.2M | New |
| UBER Uber Technologies Inc. | 1.34% | 267,891 | $20.1M | Add +170.8% |
| CRM Salesforce Inc. | 1.33% | 72,744 | $19.9M | Add +212.5% |
| V Visa Inc. Class A | 1.28% | 69,924 | $19.2M | Reduce -30.6% |
| PLD Prologis Inc. | 1.24% | 146,587 | $18.5M | Add +87.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.18% | 101,699 | $17.7M | Reduce -12.4% |
| WDAY Workday Inc. Class A | 1.10% | 67,666 | $16.5M | New |
| LRCX Lam Research Corp. | 1.10% | 20,182 | $16.5M | Add +62.8% |
| SPOT Spotify Technology SA | 1.08% | 43,864 | $16.2M | Add +9.6% |
| BSX Boston Scientific Corp. | 1.04% | 185,936 | $15.6M | Reduce -16.3% |
| TMO Thermo Fisher Scientific Inc. | 1.00% | 24,165 | $14.9M | Add +25.2% |
| ICE Intercontinental Exchange Inc. | 0.99% | 92,327 | $14.8M | Add +50.3% |
| NOW ServiceNow Inc. | 0.97% | 16,165 | $14.5M | Add +9.5% |
| PHM Pultegroup Inc. | 0.96% | 100,294 | $14.4M | Reduce -73.0% |
| TSLA Tesla Inc. | 0.93% | 53,222 | $13.9M | Add +74.1% |
| LLY Eli Lilly & Co. | 0.93% | 15,632 | $13.8M | Reduce -44.4% |
| KIM Kimco Realty Corp. | 0.88% | 564,244 | $13.1M | Add +84.5% |
| BABA Alibaba Group Holding-SP ADR | 0.85% | 119,264 | $12.7M | New |
| WMT Walmart Inc. | 0.81% | 150,381 | $12.1M | Add +2.7% |
| AMT American Tower Corp. | 0.81% | 52,121 | $12.1M | Add +40.3% |
| WM Waste Management Inc. | 0.78% | 56,514 | $11.7M | No change |
| EFX Equifax Inc. | 0.76% | 38,718 | $11.4M | Add +32.2% |
| REGN Regeneron Pharmaceuticals | 0.76% | 10,764 | $11.3M | New |
| BP BP PLC-Spons ADR | 0.75% | 356,014 | $11.2M | Add +20.0% |
| RSG Republic Services Inc. | 0.71% | 53,121 | $10.7M | Reduce -17.6% |
| WCN Waste Connections Inc. | 0.71% | 59,231 | $10.6M | No change |
| DAL Delta Air Lines Inc. | 0.69% | 204,479 | $10.4M | Add +4.2% |
| GDDY GoDaddy Inc. Class A | 0.68% | 64,813 | $10.2M | Reduce -26.5% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.60% | 66,863 | $9.0M | New |
| TGT Target Corp. | 0.58% | 55,750 | $8.7M | New |
| AMAT Applied Materials Inc. | 0.56% | 41,296 | $8.3M | Reduce -16.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.54% | 203,036 | $8.1M | Reduce -28.5% |
| GS Goldman Sachs Group Inc. | 0.54% | 16,200 | $8.0M | Reduce -13.8% |
| AGI Alamos Gold Inc. Class A | 0.49% | 370,871 | $7.4M | New |
| PINS Pinterest Inc. Class A | 0.45% | 205,881 | $6.7M | Reduce -17.5% |
| JPM JPMorgan Chase & Co. | 0.43% | 30,420 | $6.4M | Reduce -48.1% |
| APH Amphenol Corp. Class A | 0.43% | 98,427 | $6.4M | Reduce -41.7% |
| ENTG Entegris Inc. | 0.42% | 56,329 | $6.3M | Add +164.6% |
| LNG Cheniere Energy Inc. | 0.42% | 35,149 | $6.3M | Reduce -59.4% |
| MA Mastercard Inc. Class A | 0.42% | 12,795 | $6.3M | New |
| TXN Texas Instruments Inc. | 0.42% | 30,123 | $6.2M | Add +17.4% |
| H Hyatt Hotels Corp. Class A | 0.40% | 39,442 | $6.0M | Add +3.3% |
| COR Cencora Inc. | 0.36% | 24,178 | $5.4M | Reduce -29.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.32% | 39,962 | $4.8M | Reduce -73.1% |
| CSGP Costar Group Inc. | 0.31% | 62,143 | $4.7M | New |
| KLAC KLA Corp. | 0.30% | 5,882 | $4.6M | Add +39.0% |
| WCC Wesco International Inc. | 0.30% | 26,832 | $4.5M | New |
Portfolio Sells Q2 2024 → Q3 2024
| GOOGL Alphabet Inc. Class A | Reduce -40.8% | 2.10% | −2.14 |
| PHM Pultegroup Inc. | Reduce -73.0% | 0.96% | −2.02 |
| HQY Healthequity Inc. | Sold out | 0.00% | −1.76 |
| AMZN Amazon.com Inc. | Reduce -15.3% | 4.50% | −1.50 |
| ATKR Atkore Inc. | Sold out | 0.00% | −1.47 |
| AZO AutoZone Inc. | Sold out | 0.00% | −1.28 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -73.1% | 0.32% | −1.22 |
| MSFT Microsoft Corp. | Reduce -9.5% | 4.78% | −1.20 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.97 |
| LLY Eli Lilly & Co. | Reduce -44.4% | 0.93% | −0.93 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.92 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.85 |
| UNH Unitedhealth Group Inc. | Reduce -34.2% | 1.72% | −0.76 |
| LNG Cheniere Energy Inc. | Reduce -59.4% | 0.42% | −0.68 |
| V Visa Inc. Class A | Reduce -30.6% | 1.28% | −0.64 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.56 |
| ELV Elevance Health Inc. | Reduce -10.2% | 1.85% | −0.49 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.48 |
| JPM JPMorgan Chase & Co. | Reduce -48.1% | 0.43% | −0.43 |
| CRH CRH PLC | Reduce -28.2% | 1.90% | −0.43 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.41 |
| APH Amphenol Corp. Class A | Reduce -41.7% | 0.43% | −0.40 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.37 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -17.8% | 1.91% | −0.36 |
| PINS Pinterest Inc. Class A | Reduce -17.5% | 0.45% | −0.36 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -12.4% | 1.18% | −0.29 |
| AMAT Applied Materials Inc. | Reduce -16.1% | 0.56% | −0.29 |
| BAC Bank of America Corp. | Reduce -28.5% | 0.54% | −0.28 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.27 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -12.5% | 2.56% | −0.26 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.25 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.25 |
| WAL Western Alliance Bancorp | Reduce -28.1% | 2.39% | −0.24 |
| GDDY GoDaddy Inc. Class A | Reduce -26.5% | 0.68% | −0.22 |
| BSX Boston Scientific Corp. | Reduce -16.3% | 1.04% | −0.20 |
| RSG Republic Services Inc. | Reduce -17.6% | 0.71% | −0.20 |
| COR Cencora Inc. | Reduce -29.2% | 0.36% | −0.20 |
| GS Goldman Sachs Group Inc. | Reduce -13.8% | 0.54% | −0.08 |
| FISV Fiserv Inc. | Reduce -1.9% | 2.01% | +0.16 |
Portfolio Buys Q2 2024 → Q3 2024
| VRT Vertiv Holdings Co. Class A | Add +180.8% | 3.98% | +2.63 |
| META Meta Platforms Inc. Class A | Add +43.0% | 4.44% | +1.46 |
| MU Micron Technology Inc. | New | 1.44% | +1.44 |
| AMD Advanced Micro Devices | New | 1.35% | +1.35 |
| WDAY Workday Inc. Class A | New | 1.10% | +1.10 |
| MRK Merck & Co. Inc. | Add +171.5% | 1.95% | +1.10 |
| NVDA Nvidia Corp. | Add +30.8% | 6.21% | +0.95 |
| ASML ASML Holding NV-NY Reg SHS | Add +248.0% | 1.54% | +0.95 |
| CRM Salesforce Inc. | Add +212.5% | 1.33% | +0.89 |
| HD Home Depot Inc. | Add +119.4% | 1.50% | +0.87 |
| BABA Alibaba Group Holding-SP ADR | New | 0.85% | +0.85 |
| AVGO Broadcom Inc. | Add +64.9% | 2.19% | +0.84 |
| UBER Uber Technologies Inc. | Add +170.8% | 1.34% | +0.82 |
| REGN Regeneron Pharmaceuticals | New | 0.76% | +0.76 |
| AEM Agnico Eagle Mines Ltd. | Add +57.0% | 1.68% | +0.73 |
| NFLX Netflix Inc. | Add +94.3% | 1.36% | +0.64 |
| CPAY Corpay Inc. | Add +33.8% | 2.05% | +0.63 |
| SUI Sun Communities Inc. | New | 0.60% | +0.60 |
| PLD Prologis Inc. | Add +87.4% | 1.24% | +0.60 |
| MCK McKesson Corp. | Add +87.1% | 1.86% | +0.58 |
| TGT Target Corp. | New | 0.58% | +0.58 |
| AGI Alamos Gold Inc. Class A | New | 0.49% | +0.49 |
| TSLA Tesla Inc. | Add +74.1% | 0.93% | +0.49 |
| KIM Kimco Realty Corp. | Add +84.5% | 0.88% | +0.44 |
| MA Mastercard Inc. Class A | New | 0.42% | +0.42 |
| ICE Intercontinental Exchange Inc. | Add +50.3% | 0.99% | +0.38 |
| FCNCA First Citizens Bcshs Class A | Add +21.3% | 1.92% | +0.34 |
| WSC Willscot Holdings Corp. | Add +23.2% | 2.74% | +0.32 |
| CSGP Costar Group Inc. | New | 0.31% | +0.31 |
| WCC Wesco International Inc. | New | 0.30% | +0.30 |
| AMT American Tower Corp. | Add +40.3% | 0.81% | +0.28 |
| EFX Equifax Inc. | Add +32.2% | 0.76% | +0.24 |
| TMO Thermo Fisher Scientific Inc. | Add +25.2% | 1.00% | +0.22 |
| ENTG Entegris Inc. | Add +164.6% | 0.42% | +0.21 |
| AAPL Apple Inc. | Add +3.6% | 4.12% | +0.20 |
| SPOT Spotify Technology SA | Add +9.6% | 1.08% | +0.17 |
| LRCX Lam Research Corp. | Add +62.8% | 1.10% | +0.14 |
| NOW ServiceNow Inc. | Add +9.5% | 0.97% | +0.12 |
| WMT Walmart Inc. | Add +2.7% | 0.81% | +0.09 |
| TXN Texas Instruments Inc. | Add +17.4% | 0.42% | +0.05 |
| KLAC KLA Corp. | Add +39.0% | 0.30% | +0.05 |
| DAL Delta Air Lines Inc. | Add +4.2% | 0.69% | +0.02 |
| H Hyatt Hotels Corp. Class A | Add +3.3% | 0.40% | −0.02 |
| BP BP PLC-Spons ADR | Add +20.0% | 0.75% | −0.03 |
Options Activity Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 600,000 | $326.5Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 90 | $2.4B | NVDA, AMZN, MSFT, GOOGL, AAPL |
| Q1 2026 | 70 | $2.0B | NVDA, MSFT, AMZN, META, GOOGL |
| Q4 2025 | 76 | $2.2B | NVDA, AMZN, MSFT, GOOGL, META |
| Q3 2025 | 81 | $2.0B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 90 | $1.8B | NVDA, MSFT, AMZN, META, TSM |
| Q1 2025 | 77 | $1.4B | AMZN, NVDA, META, MSFT, TSM |
| Q4 2024 | 75 | $1.4B | NVDA, MSFT, AMZN, META, AAPL |
| Q3 2024 | 72 | $1.5B | NVDA, MSFT, AMZN, META, AAPL |
| Q2 2024 | 74 | $1.4B | AMZN, MSFT, NVDA, GOOGL, AAPL |
| Q1 2024 | 74 | $1.3B | MSFT, AMZN, GOOGL, BRK.B, NVDA |