Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed August 28, 2025), Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna reported 180 stock positions worth $251.8 million. Its top holding was Nvidia (NVDA) at 6.0% of the portfolio, followed by Microsoft (MSFT, 4.0%) and Amazon.com (AMZN, 3.9%). Compared with Q3 2024, it opened 30 new positions, sold out of 27, added to 45 and reduced 58. The biggest buy was Tesla (TSLA, shares +5070%) and the biggest sale Symbotic (SYM, shares −81%).

Most Recent 13F
Q2 2026
Location
WARSAW, R9
CIK
0002079571
Portfolio Value
$251.8M (Q4 2024)
SEC Filing
0002079571-25-000003 ↗ filed Aug 28, 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 Q3 2024 Q4 2024: $251.8M $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 180 stocks · $251.8M
NVDA Nvidia Corp. 6.05% 110,723 $15.2M Reduce -18.6%
MSFT Microsoft Corp. 4.00% 23,731 $10.1M Reduce -6.2%
AMZN Amazon.com Inc. 3.94% 44,860 $9.9M Add +3.8%
MRVL Marvell Technology Inc. 3.76% 84,879 $9.5M Reduce -31.3%
TSLA Tesla Inc. 3.63% 21,869 $9.1M Add +5070.0%
AAPL Apple Inc. 3.11% 31,015 $7.8M Reduce -21.0%
GOOG Alphabet Inc. Class C 3.10% 40,476 $7.8M Reduce -2.1%
NOW ServiceNow Inc. 2.81% 6,616 $7.1M Reduce -5.3%
ISRG Intuitive Surgical Inc. 2.78% 13,276 $7.0M Reduce -13.2%
CRM Salesforce Inc. 2.75% 20,630 $6.9M Add +0.1%
AMD Advanced Micro Devices 2.69% 55,281 $6.8M Reduce -3.6%
ARM Arm Holdings PLC-ADR 2.37% 47,400 $6.0M Reduce -0.8%
ROAD Construction Partners Inc. Class A 2.34% 65,982 $5.9M Reduce -16.8%
CLH Clean Harbors Inc. 2.03% 22,256 $5.1M Add +11.0%
MA Mastercard Inc. Class A 1.93% 9,235 $4.9M Reduce -21.6%
V Visa Inc. Class A 1.70% 13,548 $4.3M Reduce -24.1%
CYBR Cyberark Software Ltd./Israel 1.62% 12,730 $4.1M Reduce -17.6%
ONON On Holding AG Class A filed as ON HLDG AG 1.40% 63,700 $3.5M Reduce -2.3%
XYZ Block Inc. 1.38% 39,650 $3.5M Add +6.0%
RMBS Rambus Inc. 1.36% 64,000 $3.4M Reduce -6.4%
MU Micron Technology Inc. 1.36% 40,122 $3.4M Add +2.3%
PSN Parsons Corp. 1.31% 35,456 $3.3M Reduce -40.4%
MPWR Monolithic Power Systems Inc. 1.29% 5,390 $3.3M Reduce -2.5%
DDOG Datadog Inc. Class A 1.23% 21,396 $3.1M Add +12.1%
PWR Quanta Services Inc. 1.21% 9,534 $3.0M Reduce -5.9%
KVYO Klaviyo Inc. Class A 1.16% 69,778 $2.9M New
FSS Federal Signal Corp. 1.12% 30,528 $2.8M Reduce -0.0%
KO The Coca-Cola Co. 1.04% 42,331 $2.6M Add +13.4%
QCOM Qualcomm Inc. 1.02% 16,668 $2.6M Reduce -28.0%
IRDM Iridium Communications Inc. 1.01% 87,643 $2.5M Reduce -15.8%
FRPT Freshpet Inc. 0.99% 16,715 $2.5M Add +114.3%
WCN Waste Connections Inc. 0.97% 14,329 $2.4M No change
META Meta Platforms Inc. Class A 0.83% 3,533 $2.1M Add +20.5%
MLM Martin Marietta Materials 0.82% 3,970 $2.1M Reduce -32.8%
WAB Wabtec Corp. 0.81% 10,691 $2.0M Reduce -17.4%
ELF Elf Beauty Inc. 0.80% 15,906 $2.0M Reduce -50.8%
CDNS Cadence Design SYS Inc. 0.78% 6,500 $2.0M No change
IR Ingersoll-Rand Inc. 0.77% 21,357 $1.9M No change
CHWY Chewy Inc. Class A 0.76% 55,724 $1.9M New
OSW Onespaworld Holdings Ltd. 0.76% 95,536 $1.9M New
AAON Aaon Inc. 0.74% 15,600 $1.9M New
CAT Caterpillar Inc. 0.70% 4,866 $1.8M Reduce -2.2%
EXTR Extreme Networks Inc. 0.67% 100,400 $1.7M No change
HUBS HubSpot Inc. 0.67% 2,411 $1.7M Add +14.0%
VMC Vulcan Materials Co. 0.67% 6,528 $1.7M Reduce -44.2%
CP Canadian Pacific Kansas City 0.67% 23,416 $1.7M No change
LSCC Lattice Semiconductor Corp. 0.64% 28,570 $1.6M No change
TOST Toast Inc. Class A 0.64% 43,600 $1.6M Add +464.4%
GFF Griffon Corp. 0.63% 22,470 $1.6M Add +8.0%
KTOS Kratos Defense & Security 0.62% 58,588 $1.6M Add +194.4%
BROS Dutch Bros Inc. Class A 0.58% 27,963 $1.5M New
ICE Intercontinental Exchange Inc. 0.53% 9,000 $1.3M Reduce -18.2%
DXCM Dexcom Inc. 0.53% 17,220 $1.3M No change
EOG EOG Resources Inc. 0.51% 10,552 $1.3M Reduce -5.6%
CCL Carnival Corp. 0.49% 49,451 $1.2M New
DECK Deckers Outdoor Corp. 0.45% 5,500 $1.1M Reduce -42.9%
EMR Emerson Electric Co. 0.45% 9,100 $1.1M No change
SITE Siteone Landscape Supply Inc. 0.45% 8,600 $1.1M New
NTRA Natera Inc. 0.44% 6,950 $1.1M Reduce -30.6%
WM Waste Management Inc. 0.41% 5,049 $1.0M No change
PANW Palo Alto Networks Inc. 0.39% 5,350 $985K Reduce -4.5%
NVTS Navitas Semiconductor Corp. 0.37% 240,300 $937K No change
ABBV Abbvie Inc. 0.37% 5,310 $936K Reduce -1.6%
ANSS Ansys Inc. 0.37% 2,750 $929K No change
VEEV Veeva Systems Inc. Class A 0.36% 4,310 $911K No change
SNPS Synopsys Inc. 0.36% 1,850 $900K No change
MCHP Microchip Technology Inc. 0.35% 15,600 $891K No change
TW Tradeweb Markets Inc. Class A 0.35% 6,629 $882K Add +15.7%
PTC PTC Inc. 0.35% 4,800 $882K No change
SYM Symbotic Inc. 0.34% 35,255 $859K Reduce -80.7%
MNST Monster Beverage Corp. 0.31% 14,750 $775K No change
SNOW Snowflake Inc. 0.30% 4,900 $759K New
ADSK Autodesk Inc. 0.30% 2,547 $758K Reduce -37.8%
ROK Rockwell Automation Inc. 0.30% 2,650 $757K No change
SPGI S&P Global Inc. 0.30% 1,500 $747K No change
PCOR Procore Technologies Inc. 0.28% 9,500 $716K No change
CSX CSX Corp. 0.23% 18,173 $584K No change
GXO Gxo Logistics Inc. 0.23% 13,500 $582K Add +45.2%
UNP Union Pacific Corp. 0.23% 2,500 $569K No change
FICO Fair Isaac Corp. 0.22% 280 $564K No change
JPM JPMorgan Chase & Co. 0.22% 2,354 $563K Reduce -0.8%
AVGO Broadcom Inc. 0.22% 2,303 $543K New
SHOP Shopify Inc. Class A 0.21% 4,999 $532K New
MHO M/I Homes Inc. 0.21% 4,012 $531K Add +0.6%
CROX Crocs Inc. 0.20% 4,529 $492K Reduce -16.5%
BABA Alibaba Group Holding-SP ADR 0.19% 5,631 $474K Reduce -79.2%
ORLY O'reilly Automotive Inc. 0.18% 392 $463K Reduce -21.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 10,496 $461K Add +75.1%
ADBE Adobe Inc. 0.18% 1,000 $446K No change
MSCI MSCI Inc. 0.17% 700 $420K No change
CWST Casella Waste Systems Inc. Class A 0.16% 3,900 $411K No change
LNG Cheniere Energy Inc. 0.16% 1,899 $405K Add +17.8%
TSM Taiwan Semiconductor-SP ADR 0.15% 1,900 $381K Add +2433.3%
PRMB Primo Brands Corp. 0.15% 12,000 $367K Add +9.1%
NOG Northern Oil and Gas Inc. 0.14% 9,800 $358K No change
WFC Wells Fargo & Co. 0.14% 4,905 $345K Add +64.8%
KNSL Kinsale Capital Group Inc. 0.14% 740 $345K Add +25.4%
SG Sweetgreen Inc. Class A 0.14% 10,780 $342K New
MELI MercadoLibre Inc. 0.13% 195 $336K Add +77.3%
LIN Linde PLC 0.13% 800 $334K Reduce -72.6%
MCO Moody's Corp. 0.13% 700 $331K Reduce -30.0%
KMPR Kemper Corp. 0.13% 5,000 $330K Add +163.2%
SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC 0.12% 5,500 $313K Add +17.0%
ANET Arista Networks Inc. 0.12% 2,800 $312K Add +42.3%
HD Home Depot Inc. 0.12% 800 $312K Reduce -37.1%
WMT Walmart Inc. 0.12% 3,416 $309K No change
FERG Ferguson Enterprises Inc. 0.12% 1,750 $304K No change
PM Philip Morris International 0.12% 2,500 $300K No change
NOV Nov Inc. 0.11% 19,500 $283K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.11% 2,300 $276K Add +86.2%
AGI Alamos Gold Inc. Class A 0.11% 15,000 $270K Add +7.1%
CUBI Customers Bancorp Inc. 0.10% 5,000 $243K Add +100.0%
BOOT Boot Barn Holdings Inc. 0.10% 1,575 $241K Add +1093.2%
POOL Pool Corp. 0.09% 700 $238K Reduce -37.0%
SHW The Sherwin-Williams Co. 0.09% 700 $237K Reduce -84.7%
CMG Chipotle Mexican Grill Inc. 0.09% 3,800 $228K Add +65.9%
SOFI Sofi Technologies Inc. 0.09% 14,500 $227K Add +15.1%
AEM Agnico Eagle Mines Ltd. 0.09% 2,840 $221K New
MDB Mongodb Inc. 0.09% 940 $220K Add +98.3%
DNB Dun & Bradstreet Holdings Inc. 0.09% 18,000 $219K New
UMBF Umb Financial Corp. 0.09% 1,900 $215K Add +58.3%
ADUS Addus Homecare Corp. 0.09% 1,700 $215K Add +41.7%
MUSA Murphy USA Inc. 0.09% 428 $214K Reduce -88.2%
AXON Axon Enterprise Inc. 0.08% 350 $212K Reduce -17.6%
TDY Teledyne Technologies Inc. 0.08% 450 $209K New
COP Conocophillips 0.08% 2,137 $207K Reduce -78.7%
FCX Freeport-McMoran Inc. 0.08% 5,014 $191K Reduce -49.7%
MNDY Monday.com Ltd. 0.07% 773 $182K Add +11.4%
NFLX Netflix Inc. 0.06% 180 $162K Reduce -5.3%
LEVI Levi Strauss & Co. Class A 0.06% 9,000 $156K No change
FDX FedEx Corp. 0.06% 540 $151K No change
B Barrick Gold Corp. 0.06% 9,600 $148K Reduce -76.1%
PNC PNC Financial Services Group 0.06% 748 $144K New
BLK BlackRock Finance Inc. 0.06% 140 $144K Reduce -3.5%
MANH Manhattan Associates Inc. 0.05% 500 $136K No change
TOL Toll Brothers Inc. 0.05% 1,029 $130K Reduce -61.2%
EXAS Exact Sciences Corp. 0.04% 2,000 $112K Reduce -33.3%
LLY Eli Lilly & Co. 0.04% 145 $112K Reduce -90.2%
FITB Fifth Third Bancorp 0.04% 2,598 $111K New
WIX Wix.com Ltd. 0.04% 500 $109K New
HBAN Huntington Bancshares Inc. 0.04% 6,554 $107K Add +992.3%
NEM Newmont Corp. 0.04% 2,891 $107K Reduce -76.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.04% 9,600 $102K No change
NSC Norfolk Southern Corp. 0.04% 412 $96K No change
HEI Heico Corp. 0.04% 400 $96K No change
DE Deere & Co. 0.03% 201 $85K No change
TDW Tidewater Inc. 0.03% 1,500 $80K No change
COF Capital One Financial Corp. 0.03% 425 $76K New
PGR Progressive Corp. 0.03% 300 $72K New
TREX Trex Company Inc. 0.03% 917 $63K New
ORCL Oracle Corp. 0.02% 356 $59K Reduce -53.3%
NET Cloudflare Inc. Class A 0.02% 530 $58K New
PYPL PayPal Holdings Inc. 0.01% 318 $27K No change
ANF Abercrombie & Fitch Co. Class A 0.01% 160 $25K New
RL Ralph Lauren Corp. 0.01% 105 $24K Add +1.0%
CRH CRH PLC 0.01% 250 $23K Add +38.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 200 $22K No change
KR Kroger Co. 0.01% 350 $21K Add +6.1%
M Macy's Inc. 0.01% 1,100 $18K New
CB Chubb Ltd. 0.01% 65 $18K No change
FIS Fidelity National Info Serv 0.01% 220 $18K No change
HIG Hartford Insurance Group Inc. 0.01% 160 $17K No change
CMI Cummins Inc. 0.01% 50 $17K New
URI United Rentals Inc. 0.01% 24 $17K No change
AZO AutoZone Inc. 0.01% 5 $16K No change
ETR Entergy Corp. 0.01% 195 $15K New
KGS Kodiak Gas Services Inc. 0.01% 350 $14K Add +6.1%
EXP Eagle Materials Inc. 0.01% 55 $14K Add +57.1%
CMA Comerica Inc. 0.01% 220 $14K New
CARR Carrier Global Corp. 0.01% 198 $14K No change
TRGP Targa Resources Corp. 0.01% 73 $13K No change
AR Antero Resources Corp. 0.00% 330 $12K Add +1.2%
RRC Range Resources Corp. 0.00% 300 $11K New
WCC Wesco International Inc. 0.00% 60 $11K New
SYF Synchrony Financial 0.00% 160 $10K Reduce -15.3%
FISV Fiserv Inc. 0.00% 50 $10K Reduce -99.2%
EXPE Expedia Group Inc. 0.00% 55 $10K New
RCL Royal Caribbean Cruises Ltd. 0.00% 40 $9K New
FSLR First Solar Inc. 0.00% 50 $9K Add +25.0%
OC Owens Corning 0.00% 47 $8K Reduce -44.7%

Portfolio Sells Q3 2024 → Q4 2024
SYM Symbotic Inc. Reduce -80.7% 0.34% −1.37
PSN Parsons Corp. Reduce -40.4% 1.31% −1.07
AMD Advanced Micro Devices Reduce -3.6% 2.69% −0.94
BABA Alibaba Group Holding-SP ADR Reduce -79.2% 0.19% −0.92
AVAV Aerovironment Inc. Sold out 0.00% −0.89
FLYW Flywire Corp.-Voting Sold out 0.00% −0.87
MPWR Monolithic Power Systems Inc. Reduce -2.5% 1.29% −0.68
MUSA Murphy USA Inc. Reduce -88.2% 0.09% −0.60
SHW The Sherwin-Williams Co. Reduce -84.7% 0.09% −0.58
ELF Elf Beauty Inc. Reduce -50.8% 0.80% −0.56
QCOM Qualcomm Inc. Reduce -28.0% 1.02% −0.50
VMC Vulcan Materials Co. Reduce -44.2% 0.67% −0.46
LLY Eli Lilly & Co. Reduce -90.2% 0.04% −0.46
FISV Fiserv Inc. Reduce -99.2% 0.00% −0.44
MPC Marathon Petroleum Corp. Sold out 0.00% −0.44
AAPL Apple Inc. Reduce -21.0% 3.11% −0.42
EL Estee Lauder Companies Class A Sold out 0.00% −0.42
MLM Martin Marietta Materials Reduce -32.8% 0.82% −0.41
LIN Linde PLC Reduce -72.6% 0.13% −0.41
NVDA Nvidia Corp. Reduce -18.6% 6.05% −0.33
COP Conocophillips Reduce -78.7% 0.08% −0.33
MA Mastercard Inc. Class A Reduce -21.6% 1.93% −0.32
ARM Arm Holdings PLC-ADR Reduce -0.8% 2.37% −0.27
B Barrick Gold Corp. Reduce -76.1% 0.06% −0.25
AXONICS INC Sold out 0.00% −0.25
DVN Devon Energy Corp. Sold out 0.00% −0.22
IRDM Iridium Communications Inc. Reduce -15.8% 1.01% −0.21
NEM Newmont Corp. Reduce -76.3% 0.04% −0.21
V Visa Inc. Class A Reduce -24.1% 1.70% −0.20
MSFT Microsoft Corp. Reduce -6.2% 4.00% −0.20
LULU Lululemon Athletica Inc. Sold out 0.00% −0.18
ICE Intercontinental Exchange Inc. Reduce -18.2% 0.53% −0.15
DECK Deckers Outdoor Corp. Reduce -42.9% 0.45% −0.14
ADSK Autodesk Inc. Reduce -37.8% 0.30% −0.13
CYBR Cyberark Software Ltd./Israel Reduce -17.6% 1.62% −0.12
UNH Unitedhealth Group Inc. Sold out 0.00% −0.12
ISRG Intuitive Surgical Inc. Reduce -13.2% 2.78% −0.12
FCX Freeport-McMoran Inc. Reduce -49.7% 0.08% −0.12
CROX Crocs Inc. Reduce -16.5% 0.20% −0.11
TOL Toll Brothers Inc. Reduce -61.2% 0.05% −0.11
PLAY Dave & Buster's Entertainmen Sold out 0.00% −0.11
JNJ Johnson & Johnson Sold out 0.00% −0.10
WAB Wabtec Corp. Reduce -17.4% 0.81% −0.10
PHM Pultegroup Inc. Sold out 0.00% −0.09
HD Home Depot Inc. Reduce -37.1% 0.12% −0.08
POOL Pool Corp. Reduce -37.0% 0.09% −0.07
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.07
NTRA Natera Inc. Reduce -30.6% 0.44% −0.05
MCO Moody's Corp. Reduce -30.0% 0.13% −0.05
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.05

Portfolio Buys Q3 2024 → Q4 2024
TSLA Tesla Inc. Add +5070.0% 3.63% +3.58
KVYO Klaviyo Inc. Class A New 1.16% +1.16
AMZN Amazon.com Inc. Add +3.8% 3.94% +0.84
CHWY Chewy Inc. Class A New 0.76% +0.76
OSW Onespaworld Holdings Ltd. New 0.76% +0.76
AAON Aaon Inc. New 0.74% +0.74
BROS Dutch Bros Inc. Class A New 0.58% +0.58
FRPT Freshpet Inc. Add +114.3% 0.99% +0.58
CRM Salesforce Inc. Add +0.1% 2.75% +0.58
TOST Toast Inc. Class A Add +464.4% 0.64% +0.55
CCL Carnival Corp. New 0.49% +0.49
SITE Siteone Landscape Supply Inc. New 0.45% +0.45
KTOS Kratos Defense & Security Add +194.4% 0.62% +0.44
XYZ Block Inc. Add +6.0% 1.38% +0.41
DDOG Datadog Inc. Class A Add +12.1% 1.23% +0.38
SNOW Snowflake Inc. New 0.30% +0.30
HUBS HubSpot Inc. Add +14.0% 0.67% +0.24
AVGO Broadcom Inc. New 0.22% +0.22
SHOP Shopify Inc. Class A New 0.21% +0.21
META Meta Platforms Inc. Class A Add +20.5% 0.83% +0.18
CLH Clean Harbors Inc. Add +11.0% 2.03% +0.16
TSM Taiwan Semiconductor-SP ADR Add +2433.3% 0.15% +0.15
SG Sweetgreen Inc. Class A New 0.14% +0.14
BAC Bank of America Corp. Add +75.1% 0.18% +0.09
AEM Agnico Eagle Mines Ltd. New 0.09% +0.09
BOOT Boot Barn Holdings Inc. Add +1093.2% 0.10% +0.09
DNB Dun & Bradstreet Holdings Inc. New 0.09% +0.09
KMPR Kemper Corp. Add +163.2% 0.13% +0.09
TDY Teledyne Technologies Inc. New 0.08% +0.08
TW Tradeweb Markets Inc. Class A Add +15.7% 0.35% +0.08
GFF Griffon Corp. Add +8.0% 0.63% +0.07
WFC Wells Fargo & Co. Add +64.8% 0.14% +0.07
TTD Trade Desk Inc./the Class A Add +86.2% 0.11% +0.06
PNC PNC Financial Services Group New 0.06% +0.06
SOFI Sofi Technologies Inc. Add +15.1% 0.09% +0.05
CUBI Customers Bancorp Inc. Add +100.0% 0.10% +0.05
ANET Arista Networks Inc. Add +42.3% 0.12% +0.05
LNG Cheniere Energy Inc. Add +17.8% 0.16% +0.05
MELI MercadoLibre Inc. Add +77.3% 0.13% +0.05
GXO Gxo Logistics Inc. Add +45.2% 0.23% +0.04
FITB Fifth Third Bancorp New 0.04% +0.04
WIX Wix.com Ltd. New 0.04% +0.04
CMG Chipotle Mexican Grill Inc. Add +65.9% 0.09% +0.04
HBAN Huntington Bancshares Inc. Add +992.3% 0.04% +0.04
PRMB Primo Brands Corp. Add +9.1% 0.15% +0.04
MDB Mongodb Inc. Add +98.3% 0.09% +0.04
UMBF Umb Financial Corp. Add +58.3% 0.09% +0.04
KNSL Kinsale Capital Group Inc. Add +25.4% 0.14% +0.03
COF Capital One Financial Corp. New 0.03% +0.03
PGR Progressive Corp. New 0.03% +0.03

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