Generate Investment Management Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Generate Investment Management Ltd reported 75 stock positions worth $1.4 billion. Its top holding was Nvidia (NVDA) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Amazon.com (AMZN, 4.4%). Compared with Q3 2024, it opened 18 new positions, sold out of 15, added to 22 and reduced 30. The biggest buy was a new position in HCA Healthcare (HCA) and the biggest sale Vertiv Class A (VRT, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- AUCKLAND, Q2
- CIK
- 0002025905
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0002025905-25-000001 ↗ filed Jan 28, 2025
Holdings Value
Holdings 75 stocks · $1.4B
| NVDA Nvidia Corp. | 6.07% | 646,601 | $86.8M | Reduce -15.6% |
| MSFT Microsoft Corp. | 5.78% | 196,155 | $82.7M | Add +18.0% |
| AMZN Amazon.com Inc. | 4.44% | 289,644 | $63.5M | Reduce -19.9% |
| META Meta Platforms Inc. Class A | 3.61% | 88,079 | $51.6M | Reduce -24.1% |
| AAPL Apple Inc. | 3.09% | 176,542 | $44.2M | Reduce -33.3% |
| TSM Taiwan Semiconductor-SP ADR | 2.67% | 193,676 | $38.2M | Add +90.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.64% | 83,194 | $37.7M | No change |
| GOOGL Alphabet Inc. Class A | 2.63% | 198,625 | $37.6M | Add +4.8% |
| AVGO Broadcom Inc. | 2.55% | 157,435 | $36.5M | Reduce -17.0% |
| WAL Western Alliance Bancorp | 2.44% | 417,075 | $34.8M | Add +0.7% |
| UNH Unitedhealth Group Inc. | 2.39% | 67,628 | $34.2M | Add +54.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.99% | 648,340 | $28.5M | Add +219.3% |
| HCA HCA Healthcare Inc. | 1.93% | 91,744 | $27.5M | New |
| ELV Elevance Health Inc. | 1.91% | 73,937 | $27.3M | Add +39.0% |
| CRH CRH PLC | 1.73% | 267,820 | $24.8M | Reduce -12.6% |
| LLY Eli Lilly & Co. | 1.71% | 31,714 | $24.5M | Add +102.9% |
| AEM Agnico Eagle Mines Ltd. | 1.71% | 311,818 | $24.4M | No change |
| CRM Salesforce Inc. | 1.70% | 72,816 | $24.3M | Add +0.1% |
| FISV Fiserv Inc. | 1.65% | 114,743 | $23.6M | Reduce -31.6% |
| EFX Equifax Inc. | 1.54% | 86,282 | $22.0M | Add +122.8% |
| WSC Willscot Holdings Corp. | 1.50% | 642,406 | $21.5M | Reduce -41.1% |
| NFLX Netflix Inc. | 1.48% | 23,720 | $21.1M | Reduce -17.6% |
| RCL Royal Caribbean Cruises Ltd. | 1.36% | 84,531 | $19.5M | Reduce -47.6% |
| HD Home Depot Inc. | 1.32% | 48,441 | $18.8M | Reduce -12.6% |
| CPAY Corpay Inc. | 1.31% | 55,282 | $18.7M | Reduce -43.7% |
| VRT Vertiv Holdings Co. Class A | 1.25% | 156,919 | $17.8M | Reduce -73.8% |
| BLK BlackRock Finance Inc. | 1.23% | 17,203 | $17.6M | New |
| MRVL Marvell Technology Inc. | 1.23% | 159,226 | $17.6M | New |
| PG The Procter & Gamble Co. | 1.17% | 100,116 | $16.8M | New |
| DAL Delta Air Lines Inc. | 1.15% | 272,281 | $16.5M | Add +33.2% |
| BSX Boston Scientific Corp. | 1.14% | 182,978 | $16.3M | Reduce -1.6% |
| KIM Kimco Realty Corp. | 1.11% | 678,680 | $15.9M | Add +20.3% |
| V Visa Inc. Class A | 1.10% | 49,845 | $15.8M | Reduce -28.7% |
| ICE Intercontinental Exchange Inc. | 1.10% | 105,632 | $15.7M | Add +14.4% |
| AGI Alamos Gold Inc. Class A | 1.06% | 818,945 | $15.1M | Add +120.8% |
| GFL GFL Environmental Inc.-Sub VT | 1.05% | 337,699 | $15.0M | New |
| CCEP Coca-Cola Europacific Partne | 0.99% | 184,801 | $14.2M | New |
| MRK Merck & Co. Inc. | 0.98% | 140,675 | $14.0M | Reduce -45.3% |
| WM Waste Management Inc. | 0.96% | 67,751 | $13.7M | Add +19.9% |
| WTW Willis Towers Watson PLC | 0.95% | 43,326 | $13.6M | New |
| PLD Prologis Inc. | 0.95% | 128,274 | $13.6M | Reduce -12.5% |
| NET Cloudflare Inc. Class A | 0.91% | 120,229 | $12.9M | New |
| GDDY GoDaddy Inc. Class A | 0.89% | 64,813 | $12.8M | No change |
| ETN Eaton Corp. PLC | 0.89% | 38,202 | $12.7M | New |
| PHM Pultegroup Inc. | 0.86% | 113,497 | $12.4M | Add +13.2% |
| UBER Uber Technologies Inc. | 0.86% | 202,760 | $12.2M | Reduce -24.3% |
| HOOD Robinhood Markets Inc. Class A | 0.84% | 322,737 | $12.0M | New |
| SPGI S&P Global Inc. | 0.84% | 24,033 | $12.0M | New |
| PINS Pinterest Inc. Class A | 0.82% | 406,016 | $11.8M | Add +97.2% |
| APH Amphenol Corp. Class A | 0.81% | 167,430 | $11.6M | Add +70.1% |
| DEO Diageo PLC-Sponsored ADR | 0.78% | 87,754 | $11.2M | New |
| MA Mastercard Inc. Class A | 0.74% | 20,188 | $10.6M | Add +57.8% |
| MCK McKesson Corp. | 0.74% | 18,557 | $10.6M | Reduce -67.1% |
| COR Cencora Inc. | 0.73% | 46,508 | $10.4M | Add +92.4% |
| WCN Waste Connections Inc. | 0.71% | 59,231 | $10.2M | No change |
| FCNCA First Citizens Bcshs Class A | 0.65% | 4,428 | $9.4M | Reduce -71.7% |
| JPM JPMorgan Chase & Co. | 0.64% | 38,108 | $9.1M | Add +25.3% |
| WMT Walmart Inc. | 0.60% | 95,348 | $8.6M | Reduce -36.6% |
| ABBV Abbvie Inc. | 0.59% | 47,324 | $8.4M | New |
| TMO Thermo Fisher Scientific Inc. | 0.58% | 15,974 | $8.3M | Reduce -33.9% |
| GS Goldman Sachs Group Inc. | 0.58% | 14,507 | $8.3M | Reduce -10.4% |
| IQV Iqvia Holdings Inc. | 0.58% | 42,042 | $8.3M | New |
| RSG Republic Services Inc. | 0.56% | 40,077 | $8.1M | Reduce -24.6% |
| DHR Danaher Corp. | 0.56% | 35,043 | $8.0M | New |
| SPOT Spotify Technology SA | 0.56% | 17,789 | $8.0M | Reduce -59.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.55% | 120,851 | $7.9M | New |
| XYZ Block Inc. | 0.52% | 88,107 | $7.5M | New |
| BABA Alibaba Group Holding-SP ADR | 0.51% | 85,922 | $7.3M | Reduce -28.0% |
| MU Micron Technology Inc. | 0.46% | 77,375 | $6.5M | Reduce -62.9% |
| WCC Wesco International Inc. | 0.42% | 33,233 | $6.0M | Add +23.9% |
| REGN Regeneron Pharmaceuticals | 0.39% | 7,841 | $5.6M | Reduce -27.2% |
| TGT Target Corp. | 0.37% | 39,184 | $5.3M | Reduce -29.7% |
| LNG Cheniere Energy Inc. | 0.33% | 21,643 | $4.7M | Reduce -38.4% |
| NYT New York Times Co. Class A | 0.32% | 88,911 | $4.6M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.24% | 39,962 | $3.4M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| VRT Vertiv Holdings Co. Class A | Reduce -73.8% | 1.25% | −2.73 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −1.54 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.35 |
| FCNCA First Citizens Bcshs Class A | Reduce -71.7% | 0.65% | −1.27 |
| WSC Willscot Holdings Corp. | Reduce -41.1% | 1.50% | −1.24 |
| MCK McKesson Corp. | Reduce -67.1% | 0.74% | −1.12 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −1.10 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −1.10 |
| AAPL Apple Inc. | Reduce -33.3% | 3.09% | −1.03 |
| MU Micron Technology Inc. | Reduce -62.9% | 0.46% | −0.99 |
| MRK Merck & Co. Inc. | Reduce -45.3% | 0.98% | −0.97 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.97 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.93 |
| META Meta Platforms Inc. Class A | Reduce -24.1% | 3.61% | −0.83 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.81 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.75 |
| CPAY Corpay Inc. | Reduce -43.7% | 1.31% | −0.74 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.60 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.56 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -47.6% | 1.36% | −0.55 |
| SPOT Spotify Technology SA | Reduce -59.5% | 0.56% | −0.52 |
| UBER Uber Technologies Inc. | Reduce -24.3% | 0.86% | −0.49 |
| ENTG Entegris Inc. | Sold out | 0.00% | −0.42 |
| TMO Thermo Fisher Scientific Inc. | Reduce -33.9% | 0.58% | −0.42 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.42 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −0.40 |
| REGN Regeneron Pharmaceuticals | Reduce -27.2% | 0.39% | −0.37 |
| FISV Fiserv Inc. | Reduce -31.6% | 1.65% | −0.36 |
| BABA Alibaba Group Holding-SP ADR | Reduce -28.0% | 0.51% | −0.34 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.31 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.30 |
| PLD Prologis Inc. | Reduce -12.5% | 0.95% | −0.29 |
| TGT Target Corp. | Reduce -29.7% | 0.37% | −0.21 |
| WMT Walmart Inc. | Reduce -36.6% | 0.60% | −0.21 |
| HD Home Depot Inc. | Reduce -12.6% | 1.32% | −0.18 |
| V Visa Inc. Class A | Reduce -28.7% | 1.10% | −0.18 |
| CRH CRH PLC | Reduce -12.6% | 1.73% | −0.17 |
| RSG Republic Services Inc. | Reduce -24.6% | 0.56% | −0.15 |
| NVDA Nvidia Corp. | Reduce -15.6% | 6.07% | −0.14 |
| LNG Cheniere Energy Inc. | Reduce -38.4% | 0.33% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -19.9% | 4.44% | −0.06 |
| GS Goldman Sachs Group Inc. | Reduce -10.4% | 0.58% | +0.04 |
| BSX Boston Scientific Corp. | Reduce -1.6% | 1.14% | +0.10 |
| NFLX Netflix Inc. | Reduce -17.6% | 1.48% | +0.11 |
| AVGO Broadcom Inc. | Reduce -17.0% | 2.55% | +0.37 |
Portfolio Buys Q3 2024 → Q4 2024
| HCA HCA Healthcare Inc. | New | 1.93% | +1.93 |
| TSM Taiwan Semiconductor-SP ADR | Add +90.4% | 2.67% | +1.49 |
| BAC Bank of America Corp. | Add +219.3% | 1.99% | +1.45 |
| BLK BlackRock Finance Inc. | New | 1.23% | +1.23 |
| MRVL Marvell Technology Inc. | New | 1.23% | +1.23 |
| PG The Procter & Gamble Co. | New | 1.17% | +1.17 |
| GFL GFL Environmental Inc.-Sub VT | New | 1.05% | +1.05 |
| MSFT Microsoft Corp. | Add +18.0% | 5.78% | +1.00 |
| CCEP Coca-Cola Europacific Partne | New | 0.99% | +0.99 |
| WTW Willis Towers Watson PLC | New | 0.95% | +0.95 |
| NET Cloudflare Inc. Class A | New | 0.91% | +0.91 |
| ETN Eaton Corp. PLC | New | 0.89% | +0.89 |
| HOOD Robinhood Markets Inc. Class A | New | 0.84% | +0.84 |
| SPGI S&P Global Inc. | New | 0.84% | +0.84 |
| LLY Eli Lilly & Co. | Add +102.9% | 1.71% | +0.79 |
| DEO Diageo PLC-Sponsored ADR | New | 0.78% | +0.78 |
| EFX Equifax Inc. | Add +122.8% | 1.54% | +0.78 |
| UNH Unitedhealth Group Inc. | Add +54.0% | 2.39% | +0.68 |
| ABBV Abbvie Inc. | New | 0.59% | +0.59 |
| IQV Iqvia Holdings Inc. | New | 0.58% | +0.58 |
| DHR Danaher Corp. | New | 0.56% | +0.56 |
| AGI Alamos Gold Inc. Class A | Add +120.8% | 1.06% | +0.56 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.55% | +0.55 |
| GOOGL Alphabet Inc. Class A | Add +4.8% | 2.63% | +0.53 |
| XYZ Block Inc. | New | 0.52% | +0.52 |
| DAL Delta Air Lines Inc. | Add +33.2% | 1.15% | +0.46 |
| APH Amphenol Corp. Class A | Add +70.1% | 0.81% | +0.38 |
| PINS Pinterest Inc. Class A | Add +97.2% | 0.82% | +0.38 |
| CRM Salesforce Inc. | Add +0.1% | 1.70% | +0.37 |
| COR Cencora Inc. | Add +92.4% | 0.73% | +0.37 |
| NYT New York Times Co. Class A | New | 0.32% | +0.32 |
| MA Mastercard Inc. Class A | Add +57.8% | 0.74% | +0.32 |
| KIM Kimco Realty Corp. | Add +20.3% | 1.11% | +0.24 |
| JPM JPMorgan Chase & Co. | Add +25.3% | 0.64% | +0.21 |
| WM Waste Management Inc. | Add +19.9% | 0.96% | +0.17 |
| WCC Wesco International Inc. | Add +23.9% | 0.42% | +0.12 |
| ICE Intercontinental Exchange Inc. | Add +14.4% | 1.10% | +0.11 |
| ELV Elevance Health Inc. | Add +39.0% | 1.91% | +0.06 |
| WAL Western Alliance Bancorp | Add +0.7% | 2.44% | +0.04 |
| PHM Pultegroup Inc. | Add +13.2% | 0.86% | −0.10 |
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 |