Generate Investment Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 14, 2026), Generate Investment Management Ltd reported 76 stock positions worth $2.2 billion. Its top holding was Nvidia (NVDA) at 7.3% of the portfolio, followed by Amazon.com (AMZN, 7.2%) and Microsoft (MSFT, 7.0%). Compared with Q3 2025, it opened 21 new positions, sold out of 26, added to 31 and reduced 23. The biggest buy was Alphabet Class A (GOOGL, shares +42%) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- AUCKLAND, Q2
- CIK
- 0002025905
- Portfolio Value
- $2.2B (Q4 2025)
- SEC Filing
- 0002025905-26-000001 ↗ filed Jan 14, 2026
Holdings Value
Holdings 76 stocks · $2.2B
| NVDA Nvidia Corp. | 7.26% | 852,764 | $159.0M | Add +22.0% |
| AMZN Amazon.com Inc. | 7.16% | 679,634 | $156.9M | Add +59.2% |
| MSFT Microsoft Corp. | 7.02% | 318,000 | $153.8M | Add +27.8% |
| GOOGL Alphabet Inc. Class A | 6.86% | 480,456 | $150.4M | Add +41.8% |
| META Meta Platforms Inc. Class A | 4.92% | 163,498 | $107.9M | Add +32.1% |
| TSM Taiwan Semiconductor-SP ADR | 4.33% | 312,229 | $94.9M | Add +110.0% |
| AAPL Apple Inc. | 3.62% | 292,134 | $79.4M | Reduce -21.3% |
| AVGO Broadcom Inc. | 3.46% | 219,257 | $75.9M | Add +78.0% |
| LLY Eli Lilly & Co. | 2.32% | 47,395 | $50.9M | Reduce -42.1% |
| AGI Alamos Gold Inc. Class A | 2.11% | 1,200,000 | $46.3M | Add +14.3% |
| V Visa Inc. Class A | 2.03% | 126,634 | $44.4M | Add +60.6% |
| NEM Newmont Corp. | 1.95% | 428,975 | $42.8M | Add +13.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.91% | 83,082 | $41.8M | Reduce -19.5% |
| ALK Alaska Air Group Inc. | 1.84% | 800,000 | $40.2M | New |
| MA Mastercard Inc. Class A | 1.79% | 68,804 | $39.3M | Add +244.0% |
| APH Amphenol Corp. Class A | 1.78% | 288,309 | $39.0M | Add +114.8% |
| CPAY Corpay Inc. | 1.65% | 120,000 | $36.1M | Add +60.0% |
| BSX Boston Scientific Corp. | 1.52% | 348,920 | $33.3M | Reduce -11.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.44% | 574,686 | $31.6M | Add +31.5% |
| NFLX Netflix Inc. | 1.36% | 318,469 | $29.9M | Add +7.9% |
| MU Micron Technology Inc. | 1.32% | 101,058 | $28.8M | Add +50.4% |
| CART Maplebear Inc. | 1.31% | 640,500 | $28.8M | Reduce -14.6% |
| XLK SS Technology Select Sector | 1.24% | 189,552 | $27.3M | New |
| CRWV Coreweave Inc. Class A | 1.21% | 370,000 | $26.5M | New |
| UAL United Airlines Holdings Inc. | 1.15% | 225,000 | $25.2M | Reduce -36.6% |
| CRM Salesforce Inc. | 1.10% | 91,318 | $24.2M | Add +356.6% |
| ORCL Oracle Corp. | 1.07% | 120,000 | $23.4M | Add +266.7% |
| CRH CRH PLC | 1.06% | 186,527 | $23.3M | Reduce -23.1% |
| UNH Unitedhealth Group Inc. | 1.03% | 68,108 | $22.5M | Reduce -52.2% |
| TMO Thermo Fisher Scientific Inc. | 0.94% | 35,646 | $20.7M | Add +131.4% |
| PLD Prologis Inc. | 0.92% | 157,480 | $20.1M | Add +113.8% |
| MCO Moody's Corp. | 0.89% | 38,364 | $19.6M | New |
| EQT Eqt Corp. | 0.88% | 360,000 | $19.3M | Reduce -10.0% |
| HD Home Depot Inc. | 0.88% | 55,902 | $19.2M | Reduce -27.4% |
| WM Waste Management Inc. | 0.87% | 87,232 | $19.2M | Add +1.7% |
| SPGI S&P Global Inc. | 0.83% | 35,000 | $18.3M | Add +75.0% |
| ETN Eaton Corp. PLC | 0.82% | 56,434 | $18.0M | Add +113.2% |
| LRCX Lam Research Corp. | 0.71% | 90,370 | $15.5M | Reduce -47.8% |
| JPM JPMorgan Chase & Co. | 0.66% | 45,232 | $14.6M | Reduce -40.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.66% | 13,500 | $14.4M | Add +68.8% |
| GEV GE Vernova Inc. | 0.66% | 22,007 | $14.4M | New |
| LULU Lululemon Athletica Inc. | 0.65% | 68,697 | $14.3M | New |
| WAL Western Alliance Bancorp | 0.61% | 160,000 | $13.5M | Add +14.3% |
| BDX Becton Dickinson and Co. | 0.58% | 65,000 | $12.6M | New |
| DASH DoorDash Inc. Class A | 0.57% | 55,198 | $12.5M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.54% | 26,334 | $11.9M | Add +2.3% |
| TSLA Tesla Inc. | 0.54% | 26,471 | $11.9M | Add +19.0% |
| SNPS Synopsys Inc. | 0.54% | 25,282 | $11.9M | New |
| WCN Waste Connections Inc. | 0.54% | 66,907 | $11.7M | Add +0.2% |
| ISRG Intuitive Surgical Inc. | 0.52% | 20,254 | $11.5M | Add +62.0% |
| NXPI NXP Semiconductors NV | 0.51% | 51,057 | $11.1M | Add +115.4% |
| SYK Stryker Corp. | 0.50% | 30,922 | $10.9M | New |
| LNG Cheniere Energy Inc. | 0.49% | 55,000 | $10.7M | New |
| GS Goldman Sachs Group Inc. | 0.47% | 11,628 | $10.2M | Reduce -60.0% |
| SPOT Spotify Technology SA | 0.44% | 16,667 | $9.7M | New |
| NOW ServiceNow Inc. | 0.44% | 62,500 | $9.6M | Add +14.3% |
| WTW Willis Towers Watson PLC | 0.44% | 29,131 | $9.6M | Reduce -43.4% |
| MPWR Monolithic Power Systems Inc. | 0.43% | 10,331 | $9.4M | New |
| WCC Wesco International Inc. | 0.40% | 35,868 | $8.8M | New |
| ABBV Abbvie Inc. | 0.39% | 37,445 | $8.6M | Reduce -56.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.35% | 30,000 | $7.8M | Reduce -40.0% |
| HOOD Robinhood Markets Inc. Class A | 0.35% | 68,572 | $7.8M | New |
| SHW The Sherwin-Williams Co. | 0.33% | 22,367 | $7.2M | Reduce -4.4% |
| MRVL Marvell Technology Inc. | 0.33% | 84,924 | $7.2M | New |
| WMT Walmart Inc. | 0.30% | 60,000 | $6.7M | Reduce -14.3% |
| ICE Intercontinental Exchange Inc. | 0.30% | 40,000 | $6.5M | Reduce -73.6% |
| ELV Elevance Health Inc. | 0.28% | 17,500 | $6.1M | Reduce -87.0% |
| COR Cencora Inc. | 0.28% | 17,857 | $6.0M | No change |
| SE Sea Ltd.-ADR | 0.22% | 37,935 | $4.8M | New |
| RSG Republic Services Inc. | 0.22% | 22,751 | $4.8M | Reduce -41.8% |
| RCL Royal Caribbean Cruises Ltd. | 0.22% | 17,244 | $4.8M | Reduce -48.1% |
| LOW Lowe's Cos Inc. | 0.17% | 14,996 | $3.6M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.16% | 34,211 | $3.6M | New |
| MCK McKesson Corp. | 0.15% | 3,972 | $3.3M | Reduce -80.4% |
| ULTA Ulta Beauty Inc. | 0.11% | 4,025 | $2.4M | New |
| APP AppLovin Corp. Class A | 0.11% | 3,483 | $2.3M | New |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Sold out | 0.00% | −2.09 |
| ELV Elevance Health Inc. | Reduce -87.0% | 0.28% | −1.93 |
| INTU Intuit Inc. | Sold out | 0.00% | −1.52 |
| UNH Unitedhealth Group Inc. | Reduce -52.2% | 1.03% | −1.47 |
| AAPL Apple Inc. | Reduce -21.3% | 3.62% | −1.17 |
| ICE Intercontinental Exchange Inc. | Reduce -73.6% | 0.30% | −1.00 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.98 |
| LLY Eli Lilly & Co. | Reduce -42.1% | 2.32% | −0.84 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.80 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.75 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -19.5% | 1.91% | −0.73 |
| GS Goldman Sachs Group Inc. | Reduce -60.0% | 0.47% | −0.71 |
| HD Home Depot Inc. | Reduce -27.4% | 0.88% | −0.71 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.69 |
| KIM Kimco Realty Corp. | Sold out | 0.00% | −0.69 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.66 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.65 |
| MCK McKesson Corp. | Reduce -80.4% | 0.15% | −0.65 |
| ABBV Abbvie Inc. | Reduce -56.8% | 0.39% | −0.63 |
| UAL United Airlines Holdings Inc. | Reduce -36.6% | 1.15% | −0.59 |
| TKO Tko Group Holdings Inc. | Sold out | 0.00% | −0.59 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.58 |
| JPM JPMorgan Chase & Co. | Reduce -40.9% | 0.66% | −0.56 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.55 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.54 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.53 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.52 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.50 |
| LRCX Lam Research Corp. | Reduce -47.8% | 0.71% | −0.47 |
| WTW Willis Towers Watson PLC | Reduce -43.4% | 0.44% | −0.47 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.45 |
| BSX Boston Scientific Corp. | Reduce -11.7% | 1.52% | −0.44 |
| AJG Arthur J Gallagher & Co. | Reduce -40.0% | 0.35% | −0.43 |
| ENTG Entegris Inc. | Sold out | 0.00% | −0.43 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.43 |
| REG Regency Centers Corp. | Sold out | 0.00% | −0.43 |
| CRH CRH PLC | Reduce -23.1% | 1.06% | −0.41 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.40 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.38 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -48.1% | 0.22% | −0.33 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.27 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.27 |
| RACE Ferrari NV | Sold out | 0.00% | −0.25 |
| RSG Republic Services Inc. | Reduce -41.8% | 0.22% | −0.23 |
| EQT Eqt Corp. | Reduce -10.0% | 0.88% | −0.22 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.16 |
| CART Maplebear Inc. | Reduce -14.6% | 1.31% | −0.08 |
| SHW The Sherwin-Williams Co. | Reduce -4.4% | 0.33% | −0.08 |
| WMT Walmart Inc. | Reduce -14.3% | 0.30% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +41.8% | 6.86% | +2.68 |
| AMZN Amazon.com Inc. | Add +59.2% | 7.16% | +2.40 |
| TSM Taiwan Semiconductor-SP ADR | Add +110.0% | 4.33% | +2.22 |
| ALK Alaska Air Group Inc. | New | 1.84% | +1.84 |
| AVGO Broadcom Inc. | Add +78.0% | 3.46% | +1.40 |
| XLK SS Technology Select Sector | New | 1.24% | +1.24 |
| MA Mastercard Inc. Class A | Add +244.0% | 1.79% | +1.21 |
| CRWV Coreweave Inc. Class A | New | 1.21% | +1.21 |
| APH Amphenol Corp. Class A | Add +114.8% | 1.78% | +0.93 |
| MCO Moody's Corp. | New | 0.89% | +0.89 |
| CRM Salesforce Inc. | Add +356.6% | 1.10% | +0.86 |
| MU Micron Technology Inc. | Add +50.4% | 1.32% | +0.74 |
| V Visa Inc. Class A | Add +60.6% | 2.03% | +0.66 |
| GEV GE Vernova Inc. | New | 0.66% | +0.66 |
| LULU Lululemon Athletica Inc. | New | 0.65% | +0.65 |
| NVDA Nvidia Corp. | Add +22.0% | 7.26% | +0.64 |
| ORCL Oracle Corp. | Add +266.7% | 1.07% | +0.60 |
| BDX Becton Dickinson and Co. | New | 0.58% | +0.58 |
| DASH DoorDash Inc. Class A | New | 0.57% | +0.57 |
| TMO Thermo Fisher Scientific Inc. | Add +131.4% | 0.94% | +0.56 |
| CPAY Corpay Inc. | Add +60.0% | 1.65% | +0.55 |
| SNPS Synopsys Inc. | New | 0.54% | +0.54 |
| SYK Stryker Corp. | New | 0.50% | +0.50 |
| PLD Prologis Inc. | Add +113.8% | 0.92% | +0.49 |
| LNG Cheniere Energy Inc. | New | 0.49% | +0.49 |
| MSFT Microsoft Corp. | Add +27.8% | 7.02% | +0.47 |
| SPOT Spotify Technology SA | New | 0.44% | +0.44 |
| MPWR Monolithic Power Systems Inc. | New | 0.43% | +0.43 |
| WCC Wesco International Inc. | New | 0.40% | +0.40 |
| HOOD Robinhood Markets Inc. Class A | New | 0.35% | +0.35 |
| SPGI S&P Global Inc. | Add +75.0% | 0.83% | +0.34 |
| NEM Newmont Corp. | Add +13.2% | 1.95% | +0.33 |
| MRVL Marvell Technology Inc. | New | 0.33% | +0.33 |
| ETN Eaton Corp. PLC | Add +113.2% | 0.82% | +0.32 |
| META Meta Platforms Inc. Class A | Add +32.1% | 4.92% | +0.31 |
| BAC Bank of America Corp. | Add +31.5% | 1.44% | +0.30 |
| ASML ASML Holding NV-NY Reg SHS | Add +68.8% | 0.66% | +0.27 |
| AGI Alamos Gold Inc. Class A | Add +14.3% | 2.11% | +0.25 |
| ISRG Intuitive Surgical Inc. | Add +62.0% | 0.52% | +0.24 |
| NXPI NXP Semiconductors NV | Add +115.4% | 0.51% | +0.23 |
| SE Sea Ltd.-ADR | New | 0.22% | +0.22 |
| LOW Lowe's Cos Inc. | New | 0.17% | +0.17 |
| EL Estee Lauder Companies Class A | New | 0.16% | +0.16 |
| ULTA Ulta Beauty Inc. | New | 0.11% | +0.11 |
| APP AppLovin Corp. Class A | New | 0.11% | +0.11 |
| TSLA Tesla Inc. | Add +19.0% | 0.54% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +2.3% | 0.54% | +0.03 |
| WAL Western Alliance Bancorp | Add +14.3% | 0.61% | −0.00 |
| WCN Waste Connections Inc. | Add +0.2% | 0.54% | −0.06 |
| NOW ServiceNow Inc. | Add +14.3% | 0.44% | −0.07 |
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 |