Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 14, 2025), Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna reported 185 stock positions worth $211.9 million. Its top holding was Nvidia (NVDA) at 5.3% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Amazon.com (AMZN, 4.6%). Compared with Q4 2024, it opened 25 new positions, sold out of 20, added to 51 and reduced 71. The biggest buy was MercadoLibre (MELI, shares +774%) and the biggest sale Tesla (TSLA, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002079571
- Portfolio Value
- $211.9M (Q1 2025)
- SEC Filing
- 0002079571-25-000002 ↗ filed Aug 14, 2025
Holdings Value
Holdings 185 stocks · $211.9M
| NVDA Nvidia Corp. | 5.32% | 103,953 | $11.3M | Reduce -6.1% |
| MSFT Microsoft Corp. | 5.27% | 29,749 | $11.2M | Add +25.4% |
| AMZN Amazon.com Inc. | 4.61% | 51,384 | $9.8M | Add +14.5% |
| AAPL Apple Inc. | 3.21% | 30,627 | $6.8M | Reduce -1.3% |
| NOW ServiceNow Inc. | 3.08% | 8,191 | $6.5M | Add +23.8% |
| GOOG Alphabet Inc. Class C | 2.96% | 40,097 | $6.3M | Reduce -0.9% |
| MA Mastercard Inc. Class A | 2.79% | 10,800 | $5.9M | Add +16.9% |
| ISRG Intuitive Surgical Inc. | 2.78% | 11,908 | $5.9M | Reduce -10.3% |
| CRM Salesforce Inc. | 2.15% | 16,939 | $4.5M | Reduce -17.9% |
| V Visa Inc. Class A | 2.04% | 12,328 | $4.3M | Reduce -9.0% |
| AMD Advanced Micro Devices | 2.03% | 41,907 | $4.3M | Reduce -24.2% |
| MRVL Marvell Technology Inc. | 1.99% | 68,445 | $4.2M | Reduce -19.4% |
| CYBR Cyberark Software Ltd./Israel | 1.93% | 12,110 | $4.1M | Reduce -4.9% |
| ARM Arm Holdings PLC-ADR | 1.85% | 36,770 | $3.9M | Reduce -22.4% |
| CLH Clean Harbors Inc. | 1.62% | 17,457 | $3.4M | Reduce -21.6% |
| ROAD Construction Partners Inc. Class A | 1.61% | 47,465 | $3.4M | Reduce -28.1% |
| MELI MercadoLibre Inc. | 1.57% | 1,705 | $3.3M | Add +774.4% |
| DXCM Dexcom Inc. | 1.35% | 41,920 | $2.9M | Add +143.4% |
| MPWR Monolithic Power Systems Inc. | 1.26% | 4,615 | $2.7M | Reduce -14.4% |
| CME Cme Group Inc. | 1.14% | 9,100 | $2.4M | New |
| SYM Symbotic Inc. | 1.09% | 114,255 | $2.3M | Add +224.1% |
| MU Micron Technology Inc. | 1.08% | 26,310 | $2.3M | Reduce -34.4% |
| RMBS Rambus Inc. | 1.07% | 43,650 | $2.3M | Reduce -31.8% |
| PWR Quanta Services Inc. | 1.05% | 8,751 | $2.2M | Reduce -8.2% |
| KVYO Klaviyo Inc. Class A | 1.02% | 71,528 | $2.2M | Add +2.5% |
| WCN Waste Connections Inc. | 1.00% | 10,886 | $2.1M | Reduce -24.0% |
| BROS Dutch Bros Inc. Class A | 0.98% | 33,493 | $2.1M | Add +19.8% |
| META Meta Platforms Inc. Class A | 0.96% | 3,536 | $2.0M | Add +0.1% |
| DDOG Datadog Inc. Class A | 0.95% | 20,221 | $2.0M | Reduce -5.5% |
| XYZ Block Inc. | 0.93% | 36,300 | $2.0M | Reduce -8.4% |
| FSS Federal Signal Corp. | 0.92% | 26,498 | $1.9M | Reduce -13.2% |
| VMC Vulcan Materials Co. | 0.91% | 8,305 | $1.9M | Add +27.2% |
| CHWY Chewy Inc. Class A | 0.87% | 56,949 | $1.9M | Add +2.2% |
| MLM Martin Marietta Materials | 0.87% | 3,857 | $1.8M | Reduce -2.9% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.84% | 40,750 | $1.8M | Reduce -36.0% |
| WAB Wabtec Corp. | 0.83% | 9,701 | $1.8M | Reduce -9.3% |
| KTOS Kratos Defense & Security | 0.82% | 58,688 | $1.7M | Add +0.2% |
| MCK McKesson Corp. | 0.81% | 2,560 | $1.7M | New |
| QCOM Qualcomm Inc. | 0.81% | 11,154 | $1.7M | Reduce -33.1% |
| CDNS Cadence Design SYS Inc. | 0.78% | 6,500 | $1.7M | No change |
| OSW Onespaworld Holdings Ltd. | 0.76% | 95,536 | $1.6M | No change |
| FRPT Freshpet Inc. | 0.73% | 18,715 | $1.6M | Add +12.0% |
| CP Canadian Pacific Kansas City | 0.72% | 21,650 | $1.5M | Reduce -7.5% |
| TOST Toast Inc. Class A | 0.71% | 45,200 | $1.5M | Add +3.7% |
| LSCC Lattice Semiconductor Corp. | 0.71% | 28,570 | $1.5M | No change |
| TSLA Tesla Inc. | 0.69% | 5,670 | $1.5M | Reduce -74.1% |
| JPM JPMorgan Chase & Co. | 0.68% | 5,860 | $1.4M | Add +148.9% |
| COST Costco Wholesale Corp. | 0.66% | 1,481 | $1.4M | New |
| HUBS HubSpot Inc. | 0.65% | 2,411 | $1.4M | No change |
| GFF Griffon Corp. | 0.64% | 18,870 | $1.3M | Reduce -16.0% |
| ICE Intercontinental Exchange Inc. | 0.61% | 7,500 | $1.3M | Reduce -16.7% |
| KO The Coca-Cola Co. | 0.59% | 17,470 | $1.3M | Reduce -58.7% |
| WMT Walmart Inc. | 0.58% | 14,039 | $1.2M | Add +311.0% |
| VEEV Veeva Systems Inc. Class A | 0.58% | 5,310 | $1.2M | Add +23.2% |
| PSN Parsons Corp. | 0.58% | 20,608 | $1.2M | Reduce -41.9% |
| IR Ingersoll-Rand Inc. | 0.57% | 15,042 | $1.2M | Reduce -29.6% |
| CAT Caterpillar Inc. | 0.56% | 3,607 | $1.2M | Reduce -25.9% |
| AAON Aaon Inc. | 0.54% | 14,750 | $1.2M | Reduce -5.5% |
| ABBV Abbvie Inc. | 0.53% | 5,310 | $1.1M | No change |
| EXTR Extreme Networks Inc. | 0.51% | 82,000 | $1.1M | Reduce -18.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.50% | 25,154 | $1.0M | Add +139.7% |
| SITE Siteone Landscape Supply Inc. | 0.49% | 8,600 | $1.0M | No change |
| WFC Wells Fargo & Co. | 0.48% | 14,166 | $1.0M | Add +188.8% |
| SPGI S&P Global Inc. | 0.48% | 2,000 | $1.0M | Add +33.3% |
| EMR Emerson Electric Co. | 0.47% | 9,100 | $998K | No change |
| CCL Carnival Corp. | 0.46% | 50,126 | $979K | Add +1.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.45% | 92,700 | $949K | Add +865.6% |
| TW Tradeweb Markets Inc. Class A | 0.45% | 6,365 | $945K | Reduce -4.0% |
| NTRA Natera Inc. | 0.44% | 6,530 | $923K | Reduce -6.0% |
| ANSS Ansys Inc. | 0.41% | 2,750 | $871K | No change |
| WM Waste Management Inc. | 0.38% | 3,437 | $796K | Reduce -31.9% |
| SNPS Synopsys Inc. | 0.37% | 1,850 | $793K | No change |
| MCHP Microchip Technology Inc. | 0.36% | 15,600 | $755K | No change |
| PANW Palo Alto Networks Inc. | 0.35% | 4,382 | $748K | Reduce -18.1% |
| PTC PTC Inc. | 0.35% | 4,800 | $744K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.35% | 2,102 | $741K | New |
| FICO Fair Isaac Corp. | 0.35% | 400 | $738K | Add +42.9% |
| SNOW Snowflake Inc. | 0.34% | 4,900 | $716K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.31% | 6,139 | $667K | Add +116.2% |
| PCOR Procore Technologies Inc. | 0.30% | 9,500 | $627K | No change |
| MNST Monster Beverage Corp. | 0.29% | 10,650 | $623K | Reduce -27.8% |
| IRDM Iridium Communications Inc. | 0.29% | 22,423 | $613K | Reduce -74.4% |
| ROK Rockwell Automation Inc. | 0.28% | 2,310 | $597K | Reduce -12.8% |
| ADSK Autodesk Inc. | 0.28% | 2,270 | $594K | Reduce -10.9% |
| UNP Union Pacific Corp. | 0.28% | 2,500 | $591K | No change |
| BSX Boston Scientific Corp. | 0.28% | 5,777 | $583K | New |
| DECK Deckers Outdoor Corp. | 0.27% | 5,062 | $566K | Reduce -8.0% |
| AGI Alamos Gold Inc. Class A | 0.26% | 20,228 | $542K | Add +34.9% |
| GXO Gxo Logistics Inc. | 0.25% | 13,500 | $528K | No change |
| LYV Live Nation Entertainment Inc. | 0.25% | 4,000 | $522K | New |
| SHOP Shopify Inc. Class A | 0.24% | 5,406 | $516K | Add +8.1% |
| CWST Casella Waste Systems Inc. Class A | 0.22% | 4,100 | $457K | Add +5.1% |
| PRMB Primo Brands Corp. | 0.21% | 12,500 | $444K | Add +4.2% |
| CSX CSX Corp. | 0.21% | 15,000 | $441K | Reduce -17.5% |
| TEAM Atlassian Corp. Class A | 0.20% | 2,000 | $424K | New |
| BABA Alibaba Group Holding-SP ADR | 0.20% | 3,186 | $421K | Reduce -43.4% |
| NVTS Navitas Semiconductor Corp. | 0.19% | 200,000 | $410K | Reduce -16.8% |
| PM Philip Morris International | 0.19% | 2,500 | $397K | No change |
| MSCI MSCI Inc. | 0.19% | 700 | $396K | No change |
| CROX Crocs Inc. | 0.19% | 3,700 | $393K | Reduce -18.3% |
Portfolio Sells Q4 2024 → Q1 2025
| TSLA Tesla Inc. | Reduce -74.1% | 0.69% | −2.93 |
| MRVL Marvell Technology Inc. | Reduce -19.4% | 1.99% | −1.78 |
| ROAD Construction Partners Inc. Class A | Reduce -28.1% | 1.61% | −0.73 |
| NVDA Nvidia Corp. | Reduce -6.1% | 5.32% | −0.73 |
| PSN Parsons Corp. | Reduce -41.9% | 0.58% | −0.73 |
| IRDM Iridium Communications Inc. | Reduce -74.4% | 0.29% | −0.72 |
| ELF Elf Beauty Inc. | Reduce -78.6% | 0.10% | −0.70 |
| AMD Advanced Micro Devices | Reduce -24.2% | 2.03% | −0.66 |
| CRM Salesforce Inc. | Reduce -17.9% | 2.15% | −0.61 |
| ONON On Holding AG Class A | Reduce -36.0% | 0.84% | −0.55 |
| ARM Arm Holdings PLC-ADR | Reduce -22.4% | 1.85% | −0.52 |
| KO The Coca-Cola Co. | Reduce -58.7% | 0.59% | −0.45 |
| XYZ Block Inc. | Reduce -8.4% | 0.93% | −0.45 |
| CLH Clean Harbors Inc. | Reduce -21.6% | 1.62% | −0.41 |
| EOG EOG Resources Inc. | Reduce -83.8% | 0.10% | −0.40 |
| RMBS Rambus Inc. | Reduce -31.8% | 1.07% | −0.30 |
| MU Micron Technology Inc. | Reduce -34.4% | 1.08% | −0.28 |
| DDOG Datadog Inc. Class A | Reduce -5.5% | 0.95% | −0.28 |
| QCOM Qualcomm Inc. | Reduce -33.1% | 0.81% | −0.21 |
| IR Ingersoll-Rand Inc. | Reduce -29.6% | 0.57% | −0.20 |
| FSS Federal Signal Corp. | Reduce -13.2% | 0.92% | −0.20 |
| AAON Aaon Inc. | Reduce -5.5% | 0.54% | −0.20 |
| DECK Deckers Outdoor Corp. | Reduce -8.0% | 0.27% | −0.18 |
| NVTS Navitas Semiconductor Corp. | Reduce -16.8% | 0.19% | −0.18 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.18 |
| PWR Quanta Services Inc. | Reduce -8.2% | 1.05% | −0.16 |
| EXTR Extreme Networks Inc. | Reduce -18.3% | 0.51% | −0.16 |
| AVGO Broadcom Inc. | Reduce -66.9% | 0.06% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 2.96% | −0.14 |
| CAT Caterpillar Inc. | Reduce -25.9% | 0.56% | −0.14 |
| ANET Arista Networks Inc. | Reduce -96.4% | 0.00% | −0.12 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.09 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.09 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.09 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.06 |
| FDX FedEx Corp. | Reduce -91.5% | 0.01% | −0.05 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -18.1% | 0.35% | −0.04 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.04 |
| HEI Heico Corp. | Sold out | 0.00% | −0.04 |
| MHO M/I Homes Inc. | Reduce -16.8% | 0.18% | −0.03 |
| WM Waste Management Inc. | Reduce -31.9% | 0.38% | −0.03 |
| MPWR Monolithic Power Systems Inc. | Reduce -14.4% | 1.26% | −0.03 |
| MUSA Murphy USA Inc. | Reduce -37.9% | 0.06% | −0.03 |
| CSX CSX Corp. | Reduce -17.5% | 0.21% | −0.02 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.02 |
| ORLY O'reilly Automotive Inc. | Reduce -38.8% | 0.16% | −0.02 |
| ADSK Autodesk Inc. | Reduce -10.9% | 0.28% | −0.02 |
| BOOT Boot Barn Holdings Inc. | Reduce -4.8% | 0.08% | −0.02 |
| FITB Fifth Third Bancorp | Reduce -48.0% | 0.03% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| MELI MercadoLibre Inc. | Add +774.4% | 1.57% | +1.44 |
| MSFT Microsoft Corp. | Add +25.4% | 5.27% | +1.27 |
| CME Cme Group Inc. | New | 1.14% | +1.14 |
| MA Mastercard Inc. Class A | Add +16.9% | 2.79% | +0.87 |
| DXCM Dexcom Inc. | Add +143.4% | 1.35% | +0.82 |
| MCK McKesson Corp. | New | 0.81% | +0.81 |
| SYM Symbotic Inc. | Add +224.1% | 1.09% | +0.75 |
| AMZN Amazon.com Inc. | Add +14.5% | 4.61% | +0.67 |
| COST Costco Wholesale Corp. | New | 0.66% | +0.66 |
| WMT Walmart Inc. | Add +311.0% | 0.58% | +0.46 |
| JPM JPMorgan Chase & Co. | Add +148.9% | 0.68% | +0.45 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +865.6% | 0.45% | +0.41 |
| BROS Dutch Bros Inc. Class A | Add +19.8% | 0.98% | +0.39 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.35% | +0.35 |
| WFC Wells Fargo & Co. | Add +188.8% | 0.48% | +0.34 |
| BAC Bank of America Corp. | Add +139.7% | 0.50% | +0.31 |
| BSX Boston Scientific Corp. | New | 0.28% | +0.28 |
| NOW ServiceNow Inc. | Add +23.8% | 3.08% | +0.27 |
| LYV Live Nation Entertainment Inc. | New | 0.25% | +0.25 |
| VMC Vulcan Materials Co. | Add +27.2% | 0.91% | +0.24 |
| AEM Agnico Eagle Mines Ltd. | Add +116.2% | 0.31% | +0.23 |
| VEEV Veeva Systems Inc. Class A | Add +23.2% | 0.58% | +0.22 |
| KTOS Kratos Defense & Security | Add +0.2% | 0.82% | +0.21 |
| TEAM Atlassian Corp. Class A | New | 0.20% | +0.20 |
| SPGI S&P Global Inc. | Add +33.3% | 0.48% | +0.18 |
| AGI Alamos Gold Inc. Class A | Add +34.9% | 0.26% | +0.15 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.96% | +0.13 |
| FICO Fair Isaac Corp. | Add +42.9% | 0.35% | +0.12 |
| GH Guardant Health Inc. | New | 0.12% | +0.12 |
| CHWY Chewy Inc. Class A | Add +2.2% | 0.87% | +0.12 |
| PGR Progressive Corp. | Add +231.0% | 0.13% | +0.10 |
| LLY Eli Lilly & Co. | Add +124.1% | 0.13% | +0.08 |
| NET Cloudflare Inc. Class A | Add +265.1% | 0.10% | +0.08 |
| CDE Coeur Mining Inc. | New | 0.08% | +0.08 |
| TOST Toast Inc. Class A | Add +3.7% | 0.71% | +0.07 |
| PRMB Primo Brands Corp. | Add +4.2% | 0.21% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | New | 0.06% | +0.06 |
| JNJ Johnson & Johnson | New | 0.06% | +0.06 |
| HWM Howmet Aerospace Inc. | New | 0.06% | +0.06 |
| FLS Flowserve Corp. | New | 0.05% | +0.05 |
| CWST Casella Waste Systems Inc. Class A | Add +5.1% | 0.22% | +0.05 |
| AZO AutoZone Inc. | Add +540.0% | 0.06% | +0.05 |
| NFLX Netflix Inc. | Add +38.9% | 0.11% | +0.05 |
| KMPR Kemper Corp. | Add +10.0% | 0.17% | +0.04 |
| SG Sweetgreen Inc. Class A | Add +37.1% | 0.17% | +0.04 |
| TDY Teledyne Technologies Inc. | Add +11.1% | 0.12% | +0.03 |
| BKR Baker Hughes Co. | New | 0.03% | +0.03 |
| SHOP Shopify Inc. Class A | Add +8.1% | 0.24% | +0.03 |
| RCL Royal Caribbean Cruises Ltd. | Add +765.0% | 0.03% | +0.03 |
| TTWO Take-Two Interactive Softwre | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 199 | $300.5M | NVDA, MSFT, GOOG, MU, AMZN |
| Q1 2026 | 191 | $242.1M | NVDA, MSFT, GOOG, AMZN, AMD |
| Q4 2025 | 181 | $264.0M | NVDA, MSFT, GOOG, AMZN, AAPL |
| Q3 2025 | 190 | $249.7M | NVDA, MSFT, AAPL, GOOG, MA |
| Q2 2025 | 200 | $249.3M | MSFT, NVDA, AAPL, NOW, MA |
| Q1 2025 | 185 | $211.9M | NVDA, MSFT, AMZN, AAPL, NOW |
| Q4 2024 | 180 | $251.8M | NVDA, MSFT, AMZN, MRVL, TSLA |
| Q3 2024 | 177 | $259.2M | NVDA, MSFT, AMD, AAPL, MRVL |
| Q2 2024 | 162 | $263.0M | NVDA, MSFT, AMZN, AMD, MRVL |
| Q1 2024 | 169 | $253.7M | NVDA, MRVL, AMD, AMZN, MSFT |