Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed August 29, 2025), Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna reported 177 stock positions worth $259.2 million. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Advanced Micro Devices (AMD, 3.6%). Compared with Q2 2024, it opened 32 new positions, sold out of 17, added to 41 and reduced 61. The biggest buy was Apple (AAPL, shares +32%) and the biggest sale an exit from CrowdStrike Class A (CRWD).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002079571
Portfolio Value
$259.2M (Q3 2024)
SEC Filing
0002079571-25-000004 ↗ filed Aug 29, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $253.7M Q1 2024 Q2 2024: $263.0M Q2 2024 Q3 2024: $259.2M $259.2M Q3 2024 Q4 2024: $251.8M Q4 2024 Q1 2025: $211.9M Q1 2025 Q2 2025: $249.3M Q2 2025 Q3 2025: $249.7M Q3 2025 Q4 2025: $264.0M Q4 2025 Q1 2026: $242.1M Q1 2026 Q2 2026: $300.5M Q2 2026

Holdings 177 stocks · $259.2M
NVDA Nvidia Corp. 6.37% 136,009 $16.5M Reduce -3.6%
MSFT Microsoft Corp. 4.20% 25,308 $10.9M Add +16.3%
AMD Advanced Micro Devices 3.63% 57,330 $9.4M Add +0.4%
AAPL Apple Inc. 3.53% 39,241 $9.1M Add +31.7%
MRVL Marvell Technology Inc. 3.44% 123,486 $8.9M Reduce -1.6%
AMZN Amazon.com Inc. 3.11% 43,233 $8.1M Reduce -12.2%
ISRG Intuitive Surgical Inc. 2.90% 15,296 $7.5M Reduce -3.7%
GOOG Alphabet Inc. Class C 2.67% 41,331 $6.9M Reduce -7.5%
ARM Arm Holdings PLC-ADR 2.64% 47,785 $6.8M Reduce -2.0%
NOW ServiceNow Inc. 2.41% 6,985 $6.2M Reduce -4.0%
PSN Parsons Corp. 2.38% 59,464 $6.2M Add +2.2%
MA Mastercard Inc. Class A 2.24% 11,775 $5.8M Reduce -0.1%
CRM Salesforce Inc. 2.18% 20,604 $5.6M Reduce -1.9%
ROAD Construction Partners Inc. Class A 2.14% 79,305 $5.5M Reduce -0.1%
MPWR Monolithic Power Systems Inc. 1.97% 5,529 $5.1M Add +0.6%
V Visa Inc. Class A 1.89% 17,856 $4.9M Reduce -14.4%
CLH Clean Harbors Inc. 1.87% 20,057 $4.8M No change
CYBR Cyberark Software Ltd./Israel 1.74% 15,440 $4.5M Add +1.3%
SYM Symbotic Inc. 1.71% 182,223 $4.4M Add +76.5%
MU Micron Technology Inc. 1.57% 39,215 $4.1M Reduce -1.3%
QCOM Qualcomm Inc. 1.52% 23,151 $3.9M Reduce -2.3%
ELF Elf Beauty Inc. 1.36% 32,336 $3.5M Reduce -0.1%
ONON On Holding AG Class A filed as ON HLDG AG 1.26% 65,200 $3.3M Add +3.9%
MLM Martin Marietta Materials 1.23% 5,905 $3.2M Reduce -0.2%
IRDM Iridium Communications Inc. 1.22% 104,043 $3.2M No change
PWR Quanta Services Inc. 1.17% 10,134 $3.0M Reduce -0.2%
VMC Vulcan Materials Co. 1.13% 11,698 $2.9M Reduce -0.2%
RMBS Rambus Inc. 1.11% 68,400 $2.9M No change
BABA Alibaba Group Holding-SP ADR 1.11% 27,038 $2.9M Add +13.4%
FSS Federal Signal Corp. 1.10% 30,536 $2.9M Add +1.5%
KO The Coca-Cola Co. 1.03% 37,331 $2.7M Reduce -38.8%
WCN Waste Connections Inc. 0.99% 14,329 $2.6M Add +1.6%
XYZ Block Inc. 0.97% 37,400 $2.5M No change
WAB Wabtec Corp. 0.91% 12,943 $2.4M Add +1.5%
AVAV Aerovironment Inc. 0.89% 11,500 $2.3M Reduce -16.5%
FLYW Flywire Corp.-Voting 0.87% 138,100 $2.3M No change
DDOG Datadog Inc. Class A 0.85% 19,090 $2.2M Reduce -5.8%
IR Ingersoll-Rand Inc. 0.81% 21,357 $2.1M Reduce -0.2%
CP Canadian Pacific Kansas City 0.77% 23,416 $2.0M Reduce -2.1%
CAT Caterpillar Inc. 0.75% 4,976 $1.9M Reduce -10.1%
MUSA Murphy USA Inc. 0.69% 3,628 $1.8M Reduce -0.8%
ICE Intercontinental Exchange Inc. 0.68% 11,000 $1.8M No change
CDNS Cadence Design SYS Inc. 0.68% 6,500 $1.8M Add +10.3%
SHW The Sherwin-Williams Co. 0.67% 4,565 $1.7M Add +1.0%
META Meta Platforms Inc. Class A 0.65% 2,932 $1.7M Add +15.3%
DECK Deckers Outdoor Corp. 0.59% 9,630 $1.5M Reduce -32.5%
LSCC Lattice Semiconductor Corp. 0.58% 28,570 $1.5M No change
EXTR Extreme Networks Inc. 0.58% 100,400 $1.5M No change
GFF Griffon Corp. 0.56% 20,800 $1.5M Reduce -0.7%
LIN Linde PLC 0.54% 2,923 $1.4M Reduce -0.8%
EOG EOG Resources Inc. 0.53% 11,183 $1.4M Reduce -2.5%
LLY Eli Lilly & Co. 0.50% 1,472 $1.3M Reduce -24.1%
NTRA Natera Inc. 0.49% 10,010 $1.3M Reduce -22.5%
MCHP Microchip Technology Inc. 0.48% 15,600 $1.3M No change
DXCM Dexcom Inc. 0.45% 17,220 $1.2M Reduce -55.2%
FISV Fiserv Inc. 0.44% 6,382 $1.1M Add +0.0%
MPC Marathon Petroleum Corp. 0.44% 6,951 $1.1M Reduce -1.7%
ADSK Autodesk Inc. 0.44% 4,097 $1.1M No change
HUBS HubSpot Inc. 0.43% 2,115 $1.1M Reduce -10.9%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.42% 10,809 $1.1M No change
FRPT Freshpet Inc. 0.41% 7,800 $1.1M Add +11.4%
ABBV Abbvie Inc. 0.41% 5,397 $1.1M Add +0.5%
COP Conocophillips 0.41% 10,035 $1.1M Add +2.3%
WM Waste Management Inc. 0.40% 5,049 $1.0M Add +24.7%
EMR Emerson Electric Co. 0.38% 9,100 $995K No change
PANW Palo Alto Networks Inc. 0.37% 2,800 $957K No change
SNPS Synopsys Inc. 0.36% 1,850 $937K No change
VEEV Veeva Systems Inc. Class A 0.35% 4,310 $905K No change
ANSS Ansys Inc. 0.34% 2,750 $876K Reduce -15.4%
PTC PTC Inc. 0.33% 4,800 $867K No change
B Barrick Gold Corp. 0.31% 40,098 $798K Reduce -4.8%
CROX Crocs Inc. 0.30% 5,422 $785K Add +5.5%
SPGI S&P Global Inc. 0.30% 1,500 $775K No change
MNST Monster Beverage Corp. 0.30% 14,750 $770K No change
ROK Rockwell Automation Inc. 0.27% 2,650 $711K No change
TW Tradeweb Markets Inc. Class A 0.27% 5,730 $709K Add +53.6%
MHO M/I Homes Inc. 0.26% 3,990 $684K New
NEM Newmont Corp. 0.25% 12,198 $652K Add +20.5%
AXONICS INC 0.25% 9,200 $640K No change
CSX CSX Corp. 0.24% 18,173 $628K No change
UNP Union Pacific Corp. 0.24% 2,500 $616K No change
NVTS Navitas Semiconductor Corp. 0.23% 240,300 $589K No change
PCOR Procore Technologies Inc. 0.23% 9,500 $586K No change
ORLY O'reilly Automotive Inc. 0.22% 500 $576K No change
DVN Devon Energy Corp. 0.22% 14,500 $567K Reduce -1.3%
FICO Fair Isaac Corp. 0.21% 280 $544K No change
ADBE Adobe Inc. 0.20% 1,000 $518K No change
HD Home Depot Inc. 0.20% 1,272 $515K Reduce -0.5%
JPM JPMorgan Chase & Co. 0.19% 2,374 $501K Add +1.4%
FCX Freeport-McMoran Inc. 0.19% 9,971 $498K Reduce -29.9%
GXO Gxo Logistics Inc. 0.19% 9,300 $484K New
LULU Lululemon Athletica Inc. 0.18% 1,750 $475K No change
MCO Moody's Corp. 0.18% 1,000 $475K Reduce -23.1%
KTOS Kratos Defense & Security 0.18% 19,900 $464K Add +373.8%
POOL Pool Corp. 0.16% 1,112 $419K No change
TOL Toll Brothers Inc. 0.16% 2,651 $410K Add +20.9%
MSCI MSCI Inc. 0.16% 700 $408K No change
CWST Casella Waste Systems Inc. Class A 0.15% 3,900 $388K Add +11.4%
FERG Ferguson Enterprises Inc. 0.13% 1,750 $347K New
NOG Northern Oil and Gas Inc. 0.13% 9,800 $347K No change
UNH Unitedhealth Group Inc. 0.12% 535 $313K Reduce -73.5%
NOV Nov Inc. 0.12% 19,500 $311K No change
PM Philip Morris International 0.12% 2,500 $304K No change
LNG Cheniere Energy Inc. 0.11% 1,612 $290K Add +53.1%
AGI Alamos Gold Inc. Class A 0.11% 14,000 $279K New
PRMW Primo Water Corp. 0.11% 11,000 $278K Add +10.0%
WMT Walmart Inc. 0.11% 3,416 $276K No change
KNSL Kinsale Capital Group Inc. 0.11% 590 $275K Add +31.1%
PLAY Dave & Buster's Entertainmen 0.11% 8,000 $272K No change
JNJ Johnson & Johnson 0.10% 1,622 $263K New
SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC 0.10% 4,700 $257K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 5,995 $238K Add +5.0%
PHM Pultegroup Inc. 0.09% 1,625 $233K Add +47.5%
MELI MercadoLibre Inc. 0.09% 110 $226K Add +29.4%
TOST Toast Inc. Class A 0.08% 7,725 $219K Add +54.5%
EXAS Exact Sciences Corp. 0.08% 3,000 $204K No change
LEVI Levi Strauss & Co. Class A 0.08% 9,000 $196K New
MNDY Monday.com Ltd. 0.07% 694 $193K Reduce -17.9%
ANET Arista Networks Inc. 0.07% 492 $189K No change
PLTR Palantir Technologies Inc. Class A 0.07% 4,615 $172K Reduce -34.1%
AXON Axon Enterprise Inc. 0.07% 425 $170K Reduce -27.4%
WFC Wells Fargo & Co. 0.06% 2,976 $168K Reduce -53.8%
ADUS Addus Homecare Corp. 0.06% 1,200 $160K New
FDX FedEx Corp. 0.06% 540 $148K Reduce -22.9%
MANH Manhattan Associates Inc. 0.05% 500 $141K New
BLK BlackRock Finance Inc. 0.05% 145 $138K New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.05% 1,235 $135K New
NFLX Netflix Inc. 0.05% 190 $135K Add +23.4%
CMG Chipotle Mexican Grill Inc. 0.05% 2,290 $132K Add +108.2%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.05% 9,600 $131K Reduce -38.1%
VRTX Vertex Pharmaceuticals Inc. 0.05% 280 $130K Reduce -41.0%
ORCL Oracle Corp. 0.05% 762 $130K Reduce -11.1%
MDB Mongodb Inc. 0.05% 474 $128K Add +182.1%
UMBF Umb Financial Corp. 0.05% 1,200 $126K New
KMPR Kemper Corp. 0.04% 1,900 $116K New
CUBI Customers Bancorp Inc. 0.04% 2,500 $116K New
TSLA Tesla Inc. 0.04% 423 $111K Add +20.9%
TDW Tidewater Inc. 0.04% 1,500 $108K Add +566.7%
HEI Heico Corp. 0.04% 400 $105K New
NSC Norfolk Southern Corp. 0.04% 412 $102K No change
SOFI Sofi Technologies Inc. 0.04% 12,600 $99K New
REGN Regeneron Pharmaceuticals 0.03% 85 $89K New
DE Deere & Co. 0.03% 201 $84K Reduce -49.6%
INTC Intel Corp. 0.01% 1,400 $33K New
PYPL PayPal Holdings Inc. 0.01% 318 $25K Reduce -30.6%
BOOT Boot Barn Holdings Inc. 0.01% 132 $22K Reduce -37.7%
RL Ralph Lauren Corp. 0.01% 104 $20K No change
URI United Rentals Inc. 0.01% 24 $19K Add +118.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 200 $19K New
KR Kroger Co. 0.01% 330 $19K New
HIG Hartford Insurance Group Inc. 0.01% 160 $19K Reduce -21.9%
CMCSA Comcast Corp. Class A 0.01% 450 $19K New
CB Chubb Ltd. 0.01% 65 $19K Reduce -27.0%
OMC Omnicom Group 0.01% 180 $19K New
FIS Fidelity National Info Serv 0.01% 220 $18K New
CRH CRH PLC 0.01% 180 $17K New
CI The Cigna Group 0.01% 47 $16K Add +17.5%
MRK Merck & Co. Inc. 0.01% 142 $16K Reduce -16.5%
CARR Carrier Global Corp. 0.01% 198 $16K Reduce -20.8%
AZO AutoZone Inc. 0.01% 5 $16K No change
ELV Elevance Health Inc. 0.01% 30 $16K Reduce -6.3%
OC Owens Corning 0.01% 85 $15K Reduce -34.6%
NXPI NXP Semiconductors NV 0.01% 59 $14K Reduce -10.6%
COR Cencora Inc. 0.01% 60 $14K Reduce -23.1%
ULTA Ulta Beauty Inc. 0.01% 34 $13K New
TSM Taiwan Semiconductor-SP ADR 0.01% 75 $13K Reduce -97.1%
TRGP Targa Resources Corp. 0.00% 73 $11K No change
EXP Eagle Materials Inc. 0.00% 35 $10K New
FSLR First Solar Inc. 0.00% 40 $10K No change
KGS Kodiak Gas Services Inc. 0.00% 330 $10K New
XOM Exxon Mobil Corp. 0.00% 81 $9K Reduce -33.1%
SYF Synchrony Financial 0.00% 189 $9K New
BMY Bristol-Myers Squibb Co. 0.00% 182 $9K New
AR Antero Resources Corp. 0.00% 326 $9K New
VAL Valaris Ltd. 0.00% 163 $9K New
NKE Nike Inc. Class B 0.00% 100 $9K New
HBAN Huntington Bancshares Inc. 0.00% 600 $9K New

Portfolio Sells Q2 2024 → Q3 2024
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −1.53
ELF Elf Beauty Inc. Reduce -0.1% 1.36% −1.23
DXCM Dexcom Inc. Reduce -55.2% 0.45% −1.21
AMZN Amazon.com Inc. Reduce -12.2% 3.11% −0.51
GOOG Alphabet Inc. Class C Reduce -7.5% 2.67% −0.45
KO The Coca-Cola Co. Reduce -38.8% 1.03% −0.44
MU Micron Technology Inc. Reduce -1.3% 1.57% −0.42
ARM Arm Holdings PLC-ADR Reduce -2.0% 2.64% −0.40
DECK Deckers Outdoor Corp. Reduce -32.5% 0.59% −0.28
QCOM Qualcomm Inc. Reduce -2.3% 1.52% −0.28
UNH Unitedhealth Group Inc. Reduce -73.5% 0.12% −0.27
NVDA Nvidia Corp. Reduce -3.6% 6.37% −0.25
V Visa Inc. Class A Reduce -14.4% 1.89% −0.19
TSM Taiwan Semiconductor-SP ADR Reduce -97.1% 0.01% −0.17
LLY Eli Lilly & Co. Reduce -24.1% 0.50% −0.16
DDOG Datadog Inc. Class A Reduce -5.8% 0.85% −0.15
ALGN Align Technology Inc. Sold out 0.00% −0.10
HUBS HubSpot Inc. Reduce -10.9% 0.43% −0.10
AGCO Agco Corp. Sold out 0.00% −0.10
CAMT Camtek Ltd. Sold out 0.00% −0.09
WFC Wells Fargo & Co. Reduce -53.8% 0.06% −0.08
FCX Freeport-McMoran Inc. Reduce -29.9% 0.19% −0.07
VRSN Verisign Inc. Sold out 0.00% −0.07
AVAV Aerovironment Inc. Reduce -16.5% 0.89% −0.06
ANSS Ansys Inc. Reduce -15.4% 0.34% −0.06
DVN Devon Energy Corp. Reduce -1.3% 0.22% −0.05
NTRA Natera Inc. Reduce -22.5% 0.49% −0.04
SHOP Shopify Inc. Class A Sold out 0.00% −0.04
LH Labcorp Holdings Inc. Sold out 0.00% −0.03
VRTX Vertex Pharmaceuticals Inc. Reduce -41.0% 0.05% −0.03
ZS Zscaler Inc. Sold out 0.00% −0.03
MPC Marathon Petroleum Corp. Reduce -1.7% 0.44% −0.03
CELH Celsius Holdings Inc. Sold out 0.00% −0.03
NU Nu Holdings Ltd./Cayman Isl-A Reduce -38.1% 0.05% −0.03
TXG 10X Genomics Inc. Class A Sold out 0.00% −0.03
MCO Moody's Corp. Reduce -23.1% 0.18% −0.03
BRKR Bruker Corp. Sold out 0.00% −0.02
DE Deere & Co. Reduce -49.6% 0.03% −0.02
SITM Sitime Corp. Sold out 0.00% −0.02
CALY Callaway Golf Company Sold out 0.00% −0.02
FDX FedEx Corp. Reduce -22.9% 0.06% −0.02
EOG EOG Resources Inc. Reduce -2.5% 0.53% −0.02
RJF Raymond James Financial Inc. Sold out 0.00% −0.01
AMGN Amgen Inc. Sold out 0.00% −0.01
LOPE Grand Canyon Education Inc. Sold out 0.00% −0.01
LBRT Liberty Energy Inc. Sold out 0.00% −0.00
MNDY Monday.com Ltd. Reduce -17.9% 0.07% −0.00
OC Owens Corning Reduce -34.6% 0.01% −0.00
BOOT Boot Barn Holdings Inc. Reduce -37.7% 0.01% −0.00
MRK Merck & Co. Inc. Reduce -16.5% 0.01% −0.00

Portfolio Buys Q2 2024 → Q3 2024
AAPL Apple Inc. Add +31.7% 3.53% +1.14
PSN Parsons Corp. Add +2.2% 2.38% +0.57
MSFT Microsoft Corp. Add +16.3% 4.20% +0.50
BABA Alibaba Group Holding-SP ADR Add +13.4% 1.11% +0.45
ONON On Holding AG Class A Add +3.9% 1.26% +0.34
SYM Symbotic Inc. Add +76.5% 1.71% +0.33
MHO M/I Homes Inc. New 0.26% +0.26
MPWR Monolithic Power Systems Inc. Add +0.6% 1.97% +0.26
GXO Gxo Logistics Inc. New 0.19% +0.19
META Meta Platforms Inc. Class A Add +15.3% 0.65% +0.16
SHW The Sherwin-Williams Co. Add +1.0% 0.67% +0.16
CYBR Cyberark Software Ltd./Israel Add +1.3% 1.74% +0.15
KTOS Kratos Defense & Security Add +373.8% 0.18% +0.15
FSS Federal Signal Corp. Add +1.5% 1.10% +0.14
WAB Wabtec Corp. Add +1.5% 0.91% +0.14
FERG Ferguson Enterprises Inc. New 0.13% +0.13
TW Tradeweb Markets Inc. Class A Add +53.6% 0.27% +0.12
AMD Advanced Micro Devices Add +0.4% 3.63% +0.11
AGI Alamos Gold Inc. Class A New 0.11% +0.11
JNJ Johnson & Johnson New 0.10% +0.10
NEM Newmont Corp. Add +20.5% 0.25% +0.09
FISV Fiserv Inc. Add +0.0% 0.44% +0.08
WM Waste Management Inc. Add +24.7% 0.40% +0.08
LEVI Levi Strauss & Co. Class A New 0.08% +0.08
FRPT Freshpet Inc. Add +11.4% 0.41% +0.07
TOL Toll Brothers Inc. Add +20.9% 0.16% +0.06
ADUS Addus Homecare Corp. New 0.06% +0.06
ABBV Abbvie Inc. Add +0.5% 0.41% +0.06
MANH Manhattan Associates Inc. New 0.05% +0.05
BLK BlackRock Finance Inc. New 0.05% +0.05
TTD Trade Desk Inc./the Class A New 0.05% +0.05
WCN Waste Connections Inc. Add +1.6% 0.99% +0.05
UMBF Umb Financial Corp. New 0.05% +0.05
KMPR Kemper Corp. New 0.04% +0.04
CUBI Customers Bancorp Inc. New 0.04% +0.04
PHM Pultegroup Inc. Add +47.5% 0.09% +0.04
LNG Cheniere Energy Inc. Add +53.1% 0.11% +0.04
HEI Heico Corp. New 0.04% +0.04
KNSL Kinsale Capital Group Inc. Add +31.1% 0.11% +0.04
SOFI Sofi Technologies Inc. New 0.04% +0.04
TOST Toast Inc. Class A Add +54.5% 0.08% +0.04
REGN Regeneron Pharmaceuticals New 0.03% +0.03
MELI MercadoLibre Inc. Add +29.4% 0.09% +0.03
MDB Mongodb Inc. Add +182.1% 0.05% +0.03
TDW Tidewater Inc. Add +566.7% 0.04% +0.03
CMG Chipotle Mexican Grill Inc. Add +108.2% 0.05% +0.02
PRMW Primo Water Corp. Add +10.0% 0.11% +0.02
CROX Crocs Inc. Add +5.5% 0.30% +0.02
CWST Casella Waste Systems Inc. Class A Add +11.4% 0.15% +0.02
TSLA Tesla Inc. Add +20.9% 0.04% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 199$300.5MNVDA, MSFT, GOOG, MU, AMZN
Q1 2026 191$242.1MNVDA, MSFT, GOOG, AMZN, AMD
Q4 2025 181$264.0MNVDA, MSFT, GOOG, AMZN, AAPL
Q3 2025 190$249.7MNVDA, MSFT, AAPL, GOOG, MA
Q2 2025 200$249.3MMSFT, NVDA, AAPL, NOW, MA
Q1 2025 185$211.9MNVDA, MSFT, AMZN, AAPL, NOW
Q4 2024 180$251.8MNVDA, MSFT, AMZN, MRVL, TSLA
Q3 2024 177$259.2MNVDA, MSFT, AMD, AAPL, MRVL
Q2 2024 162$263.0MNVDA, MSFT, AMZN, AMD, MRVL
Q1 2024 169$253.7MNVDA, MRVL, AMD, AMZN, MSFT