Generate Investment Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Generate Investment Management Ltd reported 90 stock positions worth $1.8 billion. Its top holding was Nvidia (NVDA) at 7.0% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Amazon.com (AMZN, 4.9%). Compared with Q1 2025, it opened 26 new positions, sold out of 13, added to 30 and reduced 28. The biggest buy was Unitedhealth (UNH, shares +1126%) and the biggest sale Amazon.com (AMZN, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- AUCKLAND, Q2
- CIK
- 0002025905
- Portfolio Value
- $1.8B (Q2 2025)
- SEC Filing
- 0002025905-25-000004 ↗ filed Jul 17, 2025
Holdings Value
Holdings 90 stocks · $1.8B
| NVDA Nvidia Corp. | 7.03% | 801,577 | $126.6M | Reduce -16.9% |
| MSFT Microsoft Corp. | 5.65% | 204,799 | $101.9M | Reduce -2.9% |
| AMZN Amazon.com Inc. | 4.87% | 400,127 | $87.8M | Reduce -31.3% |
| META Meta Platforms Inc. Class A | 3.93% | 95,949 | $70.8M | Reduce -32.5% |
| TSM Taiwan Semiconductor-SP ADR | 3.57% | 283,970 | $64.3M | Reduce -10.1% |
| GOOGL Alphabet Inc. Class A | 3.08% | 314,640 | $55.4M | Add +43.4% |
| LLY Eli Lilly & Co. | 2.87% | 66,461 | $51.8M | Add +172.6% |
| CRH CRH PLC | 2.49% | 488,016 | $44.8M | Add +232.8% |
| LRCX Lam Research Corp. | 2.47% | 457,467 | $44.5M | Add +45.0% |
| UNH Unitedhealth Group Inc. | 2.34% | 135,000 | $42.1M | Add +1125.8% |
| NFLX Netflix Inc. | 2.19% | 29,496 | $39.5M | Add +1.1% |
| RCL Royal Caribbean Cruises Ltd. | 2.17% | 125,102 | $39.2M | Add +1.9% |
| ELV Elevance Health Inc. | 2.12% | 98,052 | $38.1M | Add +164.4% |
| AAPL Apple Inc. | 2.10% | 184,657 | $37.9M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.93% | 71,454 | $34.7M | Reduce -11.9% |
| UAL United Airlines Holdings Inc. | 1.83% | 413,307 | $32.9M | Add +164.9% |
| HD Home Depot Inc. | 1.67% | 82,326 | $30.2M | Add +28.4% |
| FISV Fiserv Inc. | 1.64% | 171,821 | $29.6M | Add +352.5% |
| DAL Delta Air Lines Inc. | 1.53% | 560,467 | $27.6M | Add +122.9% |
| PINS Pinterest Inc. Class A | 1.52% | 763,191 | $27.4M | Reduce -0.6% |
| WAL Western Alliance Bancorp | 1.38% | 319,449 | $24.9M | Add +9.8% |
| JPM JPMorgan Chase & Co. | 1.35% | 83,987 | $24.3M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.33% | 506,039 | $23.9M | Add +272.8% |
| ICE Intercontinental Exchange Inc. | 1.31% | 128,681 | $23.6M | Add +23.1% |
| EQT Eqt Corp. | 1.30% | 401,316 | $23.4M | New |
| NEM Newmont Corp. | 1.22% | 378,975 | $22.1M | Add +25.9% |
| APH Amphenol Corp. Class A | 1.19% | 217,901 | $21.5M | Reduce -54.4% |
| UBER Uber Technologies Inc. | 1.14% | 219,322 | $20.5M | Add +27.4% |
| ETN Eaton Corp. PLC | 1.13% | 57,119 | $20.4M | Add +85.9% |
| PHM Pultegroup Inc. | 1.11% | 189,357 | $20.0M | New |
| WMT Walmart Inc. | 1.02% | 188,387 | $18.4M | Reduce -24.3% |
| TXN Texas Instruments Inc. | 1.01% | 87,796 | $18.2M | Add +40.0% |
| AMT American Tower Corp. | 0.94% | 76,471 | $16.9M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.93% | 56,855 | $16.8M | No change |
| CPAY Corpay Inc. | 0.93% | 50,249 | $16.7M | Reduce -31.1% |
| VRT Vertiv Holdings Co. Class A | 0.91% | 127,508 | $16.4M | Add +34.4% |
| GDDY GoDaddy Inc. Class A | 0.89% | 88,749 | $16.0M | No change |
| SPOT Spotify Technology SA | 0.87% | 20,468 | $15.7M | Reduce -17.5% |
| BSX Boston Scientific Corp. | 0.81% | 135,816 | $14.6M | Reduce -2.8% |
| GS Goldman Sachs Group Inc. | 0.81% | 20,572 | $14.6M | Add +365.4% |
| CART Maplebear Inc. | 0.80% | 320,000 | $14.5M | New |
| NOW ServiceNow Inc. | 0.76% | 13,322 | $13.7M | Add +242.8% |
| HOOD Robinhood Markets Inc. Class A | 0.73% | 139,883 | $13.1M | Reduce -62.0% |
| PLD Prologis Inc. | 0.72% | 123,391 | $13.0M | Add +150.6% |
| AVGO Broadcom Inc. | 0.68% | 44,719 | $12.3M | Reduce -63.8% |
| AMAT Applied Materials Inc. | 0.63% | 62,357 | $11.4M | Add +64.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.61% | 160,539 | $11.1M | Add +301.7% |
| CCEP Coca-Cola Europacific Partne | 0.59% | 115,281 | $10.7M | No change |
| V Visa Inc. Class A | 0.56% | 28,527 | $10.1M | New |
| MELI MercadoLibre Inc. | 0.55% | 3,819 | $10.0M | Reduce -8.3% |
| MU Micron Technology Inc. | 0.55% | 80,000 | $9.9M | Reduce -68.0% |
| WTW Willis Towers Watson PLC | 0.54% | 31,852 | $9.8M | Reduce -29.3% |
| ANET Arista Networks Inc. | 0.53% | 93,771 | $9.6M | Reduce -37.5% |
| AGI Alamos Gold Inc. Class A | 0.53% | 360,464 | $9.6M | Reduce -51.5% |
| AER Aercap Holdings NV | 0.51% | 78,082 | $9.1M | Add +61.5% |
| MA Mastercard Inc. Class A | 0.50% | 16,177 | $9.1M | New |
| BLK BlackRock Inc. | 0.49% | 8,494 | $8.9M | Add +65.3% |
| WCC Wesco International Inc. | 0.49% | 47,399 | $8.8M | New |
| NXPI NXP Semiconductors NV | 0.48% | 39,986 | $8.7M | New |
| ABBV Abbvie Inc. | 0.47% | 45,197 | $8.4M | New |
| DASH DoorDash Inc. Class A | 0.46% | 33,881 | $8.4M | New |
| KIM Kimco Realty Corp. | 0.46% | 390,981 | $8.2M | No change |
| WCN Waste Connections Inc. | 0.45% | 43,092 | $8.0M | No change |
| KO The Coca-Cola Co. | 0.44% | 111,205 | $7.9M | Add +64.0% |
| CMG Chipotle Mexican Grill Inc. | 0.43% | 139,409 | $7.8M | New |
| RSG Republic Services Inc. | 0.41% | 30,251 | $7.5M | Reduce -24.5% |
| AEM Agnico Eagle Mines Ltd. | 0.40% | 61,074 | $7.3M | New |
| FCNCA First Citizens Bcshs Class A | 0.37% | 3,365 | $6.6M | New |
| CSGP Costar Group Inc. | 0.35% | 78,427 | $6.3M | New |
| REGN Regeneron Pharmaceuticals | 0.35% | 12,000 | $6.3M | New |
| MCK McKesson Corp. | 0.35% | 8,502 | $6.2M | Reduce -38.4% |
| TSLA Tesla Inc. | 0.34% | 19,190 | $6.1M | New |
| ORCL Oracle Corp. | 0.33% | 27,095 | $5.9M | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.31% | 17,601 | $5.6M | New |
| NKE Nike Inc. Class B | 0.30% | 76,831 | $5.5M | Reduce -7.1% |
| COR Cencora Inc. | 0.30% | 17,857 | $5.4M | Reduce -41.9% |
| XYZ Block Inc. | 0.28% | 75,000 | $5.1M | Add +81.5% |
| SNPS Synopsys Inc. | 0.28% | 9,740 | $5.0M | Reduce -82.5% |
| RACE Ferrari NV | 0.28% | 10,157 | $5.0M | New |
| CRM Salesforce Inc. | 0.28% | 18,178 | $5.0M | Reduce -68.1% |
| NET Cloudflare Inc. Class A | 0.27% | 25,293 | $5.0M | New |
| ENTG Entegris Inc. | 0.27% | 61,309 | $4.9M | New |
| CHWY Chewy Inc. Class A | 0.27% | 114,454 | $4.9M | Reduce -20.3% |
| WM Waste Management Inc. | 0.27% | 21,237 | $4.9M | Reduce -41.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.27% | 6,000 | $4.8M | New |
| AXP American Express Co. | 0.27% | 15,000 | $4.8M | New |
| REG Regency Centers Corp. | 0.26% | 66,654 | $4.7M | New |
| MCO Moody's Corp. | 0.25% | 9,072 | $4.6M | New |
| SPGI S&P Global Inc. | 0.25% | 8,396 | $4.4M | New |
| WSC Willscot Holdings Corp. | 0.16% | 105,159 | $2.9M | Reduce -86.9% |
Portfolio Sells Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | Reduce -31.3% | 4.87% | −2.91 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −2.53 |
| META Meta Platforms Inc. Class A | Reduce -32.5% | 3.93% | −1.82 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −1.52 |
| WSC Willscot Holdings Corp. | Reduce -86.9% | 0.16% | −1.41 |
| SNPS Synopsys Inc. | Reduce -82.5% | 0.28% | −1.40 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.9% | 1.93% | −1.11 |
| APH Amphenol Corp. Class A | Reduce -54.4% | 1.19% | −1.01 |
| MU Micron Technology Inc. | Reduce -68.0% | 0.55% | −0.98 |
| AGI Alamos Gold Inc. Class A | Reduce -51.5% | 0.53% | −0.86 |
| CPAY Corpay Inc. | Reduce -31.1% | 0.93% | −0.86 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.84 |
| CRM Salesforce Inc. | Reduce -68.1% | 0.28% | −0.80 |
| AVGO Broadcom Inc. | Reduce -63.8% | 0.68% | −0.77 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.61 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.60 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.58 |
| WTW Willis Towers Watson PLC | Reduce -29.3% | 0.54% | −0.53 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.52 |
| WMT Walmart Inc. | Reduce -24.3% | 1.02% | −0.51 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.51 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −0.44 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.42 |
| HOOD Robinhood Markets Inc. Class A | Reduce -62.0% | 0.73% | −0.35 |
| WM Waste Management Inc. | Reduce -41.5% | 0.27% | −0.32 |
| MCK McKesson Corp. | Reduce -38.4% | 0.35% | −0.31 |
| NVDA Nvidia Corp. | Reduce -16.9% | 7.03% | −0.30 |
| COR Cencora Inc. | Reduce -41.9% | 0.30% | −0.30 |
| ANET Arista Networks Inc. | Reduce -37.5% | 0.53% | −0.28 |
| RSG Republic Services Inc. | Reduce -24.5% | 0.41% | −0.27 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.26 |
| NYT New York Times Co. Class A | Sold out | 0.00% | −0.23 |
| BSX Boston Scientific Corp. | Reduce -2.8% | 0.81% | −0.18 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.16 |
| PINS Pinterest Inc. Class A | Reduce -0.6% | 1.52% | −0.15 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -10.1% | 3.57% | −0.11 |
| SPOT Spotify Technology SA | Reduce -17.5% | 0.87% | −0.09 |
| NKE Nike Inc. Class B | Reduce -7.1% | 0.30% | −0.07 |
| CHWY Chewy Inc. Class A | Reduce -20.3% | 0.27% | −0.06 |
| MELI MercadoLibre Inc. | Reduce -8.3% | 0.55% | −0.02 |
| MSFT Microsoft Corp. | Reduce -2.9% | 5.65% | +0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Add +1125.8% | 2.34% | +1.93 |
| CRH CRH PLC | Add +232.8% | 2.49% | +1.58 |
| LLY Eli Lilly & Co. | Add +172.6% | 2.87% | +1.46 |
| EQT Eqt Corp. | New | 1.30% | +1.30 |
| PHM Pultegroup Inc. | New | 1.11% | +1.11 |
| UAL United Airlines Holdings Inc. | Add +164.9% | 1.83% | +1.07 |
| FISV Fiserv Inc. | Add +352.5% | 1.64% | +1.06 |
| ELV Elevance Health Inc. | Add +164.4% | 2.12% | +0.98 |
| AMT American Tower Corp. | New | 0.94% | +0.94 |
| BAC Bank of America Corp. | Add +272.8% | 1.33% | +0.93 |
| LRCX Lam Research Corp. | Add +45.0% | 2.47% | +0.86 |
| CART Maplebear Inc. | New | 0.80% | +0.80 |
| DAL Delta Air Lines Inc. | Add +122.9% | 1.53% | +0.76 |
| GOOGL Alphabet Inc. Class A | Add +43.4% | 3.08% | +0.70 |
| GS Goldman Sachs Group Inc. | Add +365.4% | 0.81% | +0.64 |
| V Visa Inc. Class A | New | 0.56% | +0.56 |
| ETN Eaton Corp. PLC | Add +85.9% | 1.13% | +0.55 |
| NOW ServiceNow Inc. | Add +242.8% | 0.76% | +0.54 |
| MA Mastercard Inc. Class A | New | 0.50% | +0.50 |
| WCC Wesco International Inc. | New | 0.49% | +0.49 |
| NXPI NXP Semiconductors NV | New | 0.48% | +0.48 |
| ABBV Abbvie Inc. | New | 0.47% | +0.47 |
| DASH DoorDash Inc. Class A | New | 0.46% | +0.46 |
| CMG Chipotle Mexican Grill Inc. | New | 0.43% | +0.43 |
| VRT Vertiv Holdings Co. Class A | Add +34.4% | 0.91% | +0.43 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +301.7% | 0.61% | +0.42 |
| RCL Royal Caribbean Cruises Ltd. | Add +1.9% | 2.17% | +0.40 |
| AEM Agnico Eagle Mines Ltd. | New | 0.40% | +0.40 |
| FCNCA First Citizens Bcshs Class A | New | 0.37% | +0.37 |
| CSGP Costar Group Inc. | New | 0.35% | +0.35 |
| REGN Regeneron Pharmaceuticals | New | 0.35% | +0.35 |
| TSLA Tesla Inc. | New | 0.34% | +0.34 |
| PLD Prologis Inc. | Add +150.6% | 0.72% | +0.33 |
| ORCL Oracle Corp. | New | 0.33% | +0.33 |
| AJG Arthur J Gallagher & Co. | New | 0.31% | +0.31 |
| NFLX Netflix Inc. | Add +1.1% | 2.19% | +0.28 |
| RACE Ferrari NV | New | 0.28% | +0.28 |
| NET Cloudflare Inc. Class A | New | 0.27% | +0.27 |
| ENTG Entegris Inc. | New | 0.27% | +0.27 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.27% | +0.27 |
| AXP American Express Co. | New | 0.27% | +0.27 |
| REG Regency Centers Corp. | New | 0.26% | +0.26 |
| UBER Uber Technologies Inc. | Add +27.4% | 1.14% | +0.26 |
| MCO Moody's Corp. | New | 0.25% | +0.25 |
| AMAT Applied Materials Inc. | Add +64.7% | 0.63% | +0.25 |
| SPGI S&P Global Inc. | New | 0.25% | +0.25 |
| TXN Texas Instruments Inc. | Add +40.0% | 1.01% | +0.22 |
| NEM Newmont Corp. | Add +25.9% | 1.22% | +0.20 |
| AER Aercap Holdings NV | Add +61.5% | 0.51% | +0.16 |
| BLK BlackRock Inc. | Add +65.3% | 0.49% | +0.15 |
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 |