Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna reported 200 stock positions worth $249.3 million. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by Nvidia (NVDA, 6.0%) and Apple (AAPL, 3.7%). Compared with Q1 2025, it opened 37 new positions, sold out of 22, added to 47 and reduced 82. The biggest buy was Netflix (NFLX, shares +924%) and the biggest sale Amazon.com (AMZN, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002079571
- Portfolio Value
- $249.3M (Q2 2025)
- SEC Filing
- 0002079571-25-000001 ↗ filed Aug 14, 2025
Holdings Value
Holdings 200 stocks · $249.3M
| MSFT Microsoft Corp. | 6.20% | 31,051 | $15.4M | Add +4.4% |
| NVDA Nvidia Corp. | 6.03% | 95,225 | $15.0M | Reduce -8.4% |
| AAPL Apple Inc. | 3.68% | 44,666 | $9.2M | Add +45.8% |
| NOW ServiceNow Inc. | 3.44% | 8,330 | $8.6M | Add +1.7% |
| MA Mastercard Inc. Class A | 3.42% | 15,192 | $8.5M | Add +40.7% |
| AMZN Amazon.com Inc. | 3.05% | 34,664 | $7.6M | Reduce -32.5% |
| V Visa Inc. Class A | 2.73% | 19,134 | $6.8M | Add +55.2% |
| ISRG Intuitive Surgical Inc. | 2.50% | 11,464 | $6.2M | Reduce -3.7% |
| GOOG Alphabet Inc. Class C | 2.11% | 29,600 | $5.3M | Reduce -26.2% |
| META Meta Platforms Inc. Class A | 2.08% | 7,010 | $5.2M | Add +98.3% |
| CYBR Cyberark Software Ltd./Israel | 1.93% | 11,850 | $4.8M | Reduce -2.1% |
| SYM Symbotic Inc. | 1.89% | 121,495 | $4.7M | Add +6.3% |
| ROAD Construction Partners Inc. Class A | 1.87% | 43,915 | $4.7M | Reduce -7.5% |
| CRM Salesforce Inc. | 1.71% | 15,638 | $4.3M | Reduce -7.7% |
| CLH Clean Harbors Inc. | 1.64% | 17,657 | $4.1M | Add +1.1% |
| MELI MercadoLibre Inc. | 1.60% | 1,525 | $4.0M | Reduce -10.6% |
| NFLX Netflix Inc. | 1.38% | 2,560 | $3.4M | Add +924.0% |
| MU Micron Technology Inc. | 1.30% | 26,310 | $3.2M | No change |
| DXCM Dexcom Inc. | 1.17% | 33,470 | $2.9M | Reduce -20.2% |
| PWR Quanta Services Inc. | 1.16% | 7,661 | $2.9M | Reduce -12.5% |
| FSS Federal Signal Corp. | 1.16% | 27,198 | $2.9M | Add +2.6% |
| TW Tradeweb Markets Inc. Class A | 1.14% | 19,340 | $2.8M | Add +203.8% |
| ARM Arm Holdings PLC-ADR | 1.12% | 17,335 | $2.8M | Reduce -52.9% |
| DDOG Datadog Inc. Class A | 1.12% | 20,797 | $2.8M | Add +2.9% |
| MPWR Monolithic Power Systems Inc. | 1.05% | 3,585 | $2.6M | Reduce -22.3% |
| BROS Dutch Bros Inc. Class A | 1.03% | 37,662 | $2.6M | Add +12.4% |
| XYZ Block Inc. | 0.99% | 36,300 | $2.5M | No change |
| VMC Vulcan Materials Co. | 0.97% | 9,305 | $2.4M | Add +12.0% |
| WM Waste Management Inc. | 0.96% | 10,437 | $2.4M | Add +203.7% |
| KTOS Kratos Defense & Security | 0.95% | 51,063 | $2.4M | Reduce -13.0% |
| KVYO Klaviyo Inc. Class A | 0.95% | 70,600 | $2.4M | Reduce -1.3% |
| WCN Waste Connections Inc. | 0.93% | 12,386 | $2.3M | Add +13.8% |
| AMD Advanced Micro Devices | 0.89% | 15,557 | $2.2M | Reduce -62.9% |
| CHWY Chewy Inc. Class A | 0.87% | 50,720 | $2.2M | Reduce -10.9% |
| RMBS Rambus Inc. | 0.85% | 33,150 | $2.1M | Reduce -24.1% |
| MLM Martin Marietta Materials | 0.85% | 3,857 | $2.1M | No change |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.83% | 39,650 | $2.1M | Reduce -2.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.82% | 149,700 | $2.1M | Add +61.5% |
| CDNS Cadence Design SYS Inc. | 0.80% | 6,500 | $2.0M | No change |
| OSW Onespaworld Holdings Ltd. | 0.78% | 95,469 | $1.9M | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.76% | 26,735 | $1.9M | Add +53.0% |
| MCK McKesson Corp. | 0.75% | 2,552 | $1.9M | Reduce -0.3% |
| WAB Wabtec Corp. | 0.73% | 8,691 | $1.8M | Reduce -10.4% |
| JPM JPMorgan Chase & Co. | 0.71% | 6,078 | $1.8M | Add +3.7% |
| TOST Toast Inc. Class A | 0.69% | 38,900 | $1.7M | Reduce -13.9% |
| QCOM Qualcomm Inc. | 0.69% | 10,775 | $1.7M | Reduce -3.4% |
| CP Canadian Pacific Kansas City | 0.69% | 21,650 | $1.7M | No change |
| PSN Parsons Corp. | 0.59% | 20,587 | $1.5M | Reduce -0.1% |
| VEEV Veeva Systems Inc. Class A | 0.58% | 5,040 | $1.5M | Reduce -5.1% |
| COST Costco Wholesale Corp. | 0.56% | 1,406 | $1.4M | Reduce -5.1% |
| CME Cme Group Inc. | 0.56% | 5,039 | $1.4M | Reduce -44.6% |
| ICE Intercontinental Exchange Inc. | 0.55% | 7,500 | $1.4M | No change |
| WMT Walmart Inc. | 0.55% | 14,039 | $1.4M | No change |
| GFF Griffon Corp. | 0.55% | 18,845 | $1.4M | Reduce -0.1% |
| CCL Carnival Corp. | 0.55% | 48,356 | $1.4M | Reduce -3.5% |
| CAT Caterpillar Inc. | 0.53% | 3,429 | $1.3M | Reduce -4.9% |
| FRPT Freshpet Inc. | 0.50% | 18,500 | $1.3M | Reduce -1.1% |
| LSCC Lattice Semiconductor Corp. | 0.50% | 25,470 | $1.2M | Reduce -10.8% |
| NTRA Natera Inc. | 0.50% | 7,310 | $1.2M | Add +11.9% |
| EMR Emerson Electric Co. | 0.49% | 9,100 | $1.2M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.47% | 2,279 | $1.2M | Add +8.4% |
| MRVL Marvell Technology Inc. | 0.46% | 14,970 | $1.2M | Reduce -78.1% |
| SNOW Snowflake Inc. | 0.46% | 5,103 | $1.1M | Add +4.1% |
| PANW Palo Alto Networks Inc. | 0.46% | 5,564 | $1.1M | Add +27.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 23,973 | $1.1M | Reduce -4.7% |
| IR Ingersoll-Rand Inc. | 0.45% | 13,347 | $1.1M | Reduce -11.3% |
| TSLA Tesla Inc. | 0.44% | 3,430 | $1.1M | Reduce -39.5% |
| WFC Wells Fargo & Co. | 0.43% | 13,285 | $1.1M | Reduce -6.2% |
| SPGI S&P Global Inc. | 0.42% | 2,000 | $1.1M | No change |
| SITE Siteone Landscape Supply Inc. | 0.42% | 8,600 | $1.0M | No change |
| HD Home Depot Inc. | 0.41% | 2,800 | $1.0M | Add +250.0% |
| MCD McDonald's Corp. | 0.41% | 3,478 | $1.0M | New |
| AAON Aaon Inc. | 0.40% | 13,600 | $1.0M | Reduce -7.8% |
| HUBS HubSpot Inc. | 0.38% | 1,715 | $955K | Reduce -28.9% |
| FISV Fiserv Inc. | 0.37% | 5,400 | $931K | Add +5584.2% |
| BMY Bristol-Myers Squibb Co. | 0.37% | 20,000 | $926K | New |
| MUSA Murphy USA Inc. | 0.34% | 2,100 | $854K | Add +689.5% |
| EXTR Extreme Networks Inc. | 0.34% | 47,000 | $844K | Reduce -42.7% |
| AEM Agnico Eagle Mines Ltd. | 0.33% | 6,986 | $829K | Add +13.8% |
| MCHP Microchip Technology Inc. | 0.33% | 11,600 | $816K | Reduce -25.6% |
| ROK Rockwell Automation Inc. | 0.31% | 2,310 | $767K | No change |
| NVTS Navitas Semiconductor Corp. | 0.30% | 113,000 | $740K | Reduce -43.5% |
| ANSS Ansys Inc. | 0.30% | 2,095 | $736K | Reduce -23.8% |
| SNPS Synopsys Inc. | 0.29% | 1,430 | $733K | Reduce -22.7% |
| FICO Fair Isaac Corp. | 0.29% | 400 | $731K | No change |
| PTC PTC Inc. | 0.29% | 4,230 | $729K | Reduce -11.9% |
| BSX Boston Scientific Corp. | 0.29% | 6,778 | $728K | Add +17.3% |
| ADSK Autodesk Inc. | 0.28% | 2,270 | $703K | No change |
| AGI Alamos Gold Inc. Class A | 0.27% | 25,588 | $678K | Add +26.5% |
| IRDM Iridium Communications Inc. | 0.27% | 22,423 | $677K | No change |
| MNST Monster Beverage Corp. | 0.27% | 10,650 | $667K | No change |
| GXO Gxo Logistics Inc. | 0.26% | 13,500 | $657K | No change |
| PCOR Procore Technologies Inc. | 0.26% | 9,500 | $650K | No change |
| SHOP Shopify Inc. Class A | 0.21% | 4,631 | $534K | Reduce -14.3% |
| GH Guardant Health Inc. | 0.21% | 10,200 | $531K | Add +70.0% |
| MSCI MSCI Inc. | 0.21% | 898 | $518K | Add +28.3% |
| AVGO Broadcom Inc. | 0.20% | 1,815 | $500K | Add +137.9% |
| CWST Casella Waste Systems Inc. Class A | 0.19% | 4,100 | $473K | No change |
| DECK Deckers Outdoor Corp. | 0.19% | 4,520 | $466K | Reduce -10.7% |
| NET Cloudflare Inc. Class A | 0.17% | 2,204 | $432K | Add +13.9% |
Portfolio Sells Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | Reduce -32.5% | 3.05% | −1.56 |
| MRVL Marvell Technology Inc. | Reduce -78.1% | 0.46% | −1.52 |
| AMD Advanced Micro Devices | Reduce -62.9% | 0.89% | −1.15 |
| GOOG Alphabet Inc. Class C | Reduce -26.2% | 2.11% | −0.85 |
| ARM Arm Holdings PLC-ADR | Reduce -52.9% | 1.12% | −0.73 |
| CME Cme Group Inc. | Reduce -44.6% | 0.56% | −0.58 |
| CRM Salesforce Inc. | Reduce -7.7% | 1.71% | −0.43 |
| ABBV Abbvie Inc. | Reduce -68.2% | 0.13% | −0.40 |
| ISRG Intuitive Surgical Inc. | Reduce -3.7% | 2.50% | −0.28 |
| HUBS HubSpot Inc. | Reduce -28.9% | 0.38% | −0.27 |
| TSLA Tesla Inc. | Reduce -39.5% | 0.44% | −0.26 |
| FRPT Freshpet Inc. | Reduce -1.1% | 0.50% | −0.23 |
| RMBS Rambus Inc. | Reduce -24.1% | 0.85% | −0.22 |
| MPWR Monolithic Power Systems Inc. | Reduce -22.3% | 1.05% | −0.21 |
| LSCC Lattice Semiconductor Corp. | Reduce -10.8% | 0.50% | −0.21 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.19 |
| DXCM Dexcom Inc. | Reduce -20.2% | 1.17% | −0.18 |
| EXTR Extreme Networks Inc. | Reduce -42.7% | 0.34% | −0.17 |
| UNP Union Pacific Corp. | Reduce -48.0% | 0.12% | −0.16 |
| AAON Aaon Inc. | Reduce -7.8% | 0.40% | −0.14 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.14 |
| BABA Alibaba Group Holding-SP ADR | Reduce -53.1% | 0.07% | −0.13 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.13 |
| LYV Live Nation Entertainment Inc. | Reduce -50.0% | 0.12% | −0.13 |
| IR Ingersoll-Rand Inc. | Reduce -11.3% | 0.45% | −0.12 |
| QCOM Qualcomm Inc. | Reduce -3.4% | 0.69% | −0.12 |
| ANSS Ansys Inc. | Reduce -23.8% | 0.30% | −0.12 |
| PGR Progressive Corp. | Reduce -77.8% | 0.02% | −0.11 |
| CSX CSX Corp. | Reduce -46.7% | 0.10% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -5.1% | 0.56% | −0.10 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.10 |
| WAB Wabtec Corp. | Reduce -10.4% | 0.73% | −0.10 |
| NOV Nov Inc. | Reduce -48.7% | 0.05% | −0.09 |
| GFF Griffon Corp. | Reduce -0.1% | 0.55% | −0.09 |
| SNPS Synopsys Inc. | Reduce -22.7% | 0.29% | −0.08 |
| DECK Deckers Outdoor Corp. | Reduce -10.7% | 0.19% | −0.08 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.08 |
| PM Philip Morris International | Reduce -38.2% | 0.11% | −0.07 |
| KVYO Klaviyo Inc. Class A | Reduce -1.3% | 0.95% | −0.07 |
| EOG EOG Resources Inc. | Reduce -53.4% | 0.04% | −0.07 |
| MCK McKesson Corp. | Reduce -0.3% | 0.75% | −0.06 |
| COP Conocophillips | Reduce -61.0% | 0.02% | −0.06 |
| PTC PTC Inc. | Reduce -11.9% | 0.29% | −0.06 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.06 |
| MHO M/I Homes Inc. | Reduce -16.1% | 0.13% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -6.2% | 0.43% | −0.05 |
| JNJ Johnson & Johnson | Reduce -91.5% | 0.00% | −0.05 |
| DE Deere & Co. | Reduce -95.3% | 0.00% | −0.05 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.04 |
| BAC Bank of America Corp. | Reduce -4.7% | 0.46% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| NFLX Netflix Inc. | Add +924.0% | 1.38% | +1.27 |
| META Meta Platforms Inc. Class A | Add +98.3% | 2.08% | +1.11 |
| MSFT Microsoft Corp. | Add +4.4% | 6.20% | +0.92 |
| SYM Symbotic Inc. | Add +6.3% | 1.89% | +0.80 |
| TW Tradeweb Markets Inc. Class A | Add +203.8% | 1.14% | +0.69 |
| V Visa Inc. Class A | Add +55.2% | 2.73% | +0.69 |
| MA Mastercard Inc. Class A | Add +40.7% | 3.42% | +0.63 |
| WM Waste Management Inc. | Add +203.7% | 0.96% | +0.58 |
| AAPL Apple Inc. | Add +45.8% | 3.68% | +0.47 |
| MCD McDonald's Corp. | New | 0.41% | +0.41 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +61.5% | 0.82% | +0.38 |
| BMY Bristol-Myers Squibb Co. | New | 0.37% | +0.37 |
| FISV Fiserv Inc. | Add +5584.2% | 0.37% | +0.36 |
| NOW ServiceNow Inc. | Add +1.7% | 3.44% | +0.36 |
| MUSA Murphy USA Inc. | Add +689.5% | 0.34% | +0.28 |
| HD Home Depot Inc. | Add +250.0% | 0.41% | +0.27 |
| FSS Federal Signal Corp. | Add +2.6% | 1.16% | +0.24 |
| DDOG Datadog Inc. Class A | Add +2.9% | 1.12% | +0.17 |
| KO The Coca-Cola Co. | Add +53.0% | 0.76% | +0.17 |
| AVGO Broadcom Inc. | Add +137.9% | 0.20% | +0.14 |
| SNOW Snowflake Inc. | Add +4.1% | 0.46% | +0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +8.4% | 0.47% | +0.12 |
| PANW Palo Alto Networks Inc. | Add +27.0% | 0.46% | +0.10 |
| GH Guardant Health Inc. | Add +70.0% | 0.21% | +0.09 |
| NET Cloudflare Inc. Class A | Add +13.9% | 0.17% | +0.07 |
| DASH DoorDash Inc. Class A | New | 0.06% | +0.06 |
| NTRA Natera Inc. | Add +11.9% | 0.50% | +0.06 |
| VMC Vulcan Materials Co. | Add +12.0% | 0.97% | +0.06 |
| BROS Dutch Bros Inc. Class A | Add +12.4% | 1.03% | +0.06 |
| ANET Arista Networks Inc. | Add +1353.0% | 0.06% | +0.06 |
| APP AppLovin Corp. Class A | New | 0.04% | +0.04 |
| VRT Vertiv Holdings Co. Class A | New | 0.04% | +0.04 |
| CDE Coeur Mining Inc. | Add +16.4% | 0.12% | +0.04 |
| NEM Newmont Corp. | Add +100.1% | 0.07% | +0.03 |
| SE Sea Ltd.-ADR | New | 0.03% | +0.03 |
| SPOT Spotify Technology SA | New | 0.03% | +0.03 |
| TTWO Take-Two Interactive Softwre | Add +107.6% | 0.06% | +0.03 |
| UBER Uber Technologies Inc. | New | 0.03% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | New | 0.03% | +0.03 |
| DT Dynatrace Inc. | New | 0.03% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +3.7% | 0.71% | +0.03 |
| ADUS Addus Homecare Corp. | Add +29.4% | 0.10% | +0.02 |
| MSCI MSCI Inc. | Add +28.3% | 0.21% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +13.8% | 0.33% | +0.02 |
| BSX Boston Scientific Corp. | Add +17.3% | 0.29% | +0.02 |
| SGI Somnigroup International Inc. | Add +14.6% | 0.17% | +0.02 |
| TDY Teledyne Technologies Inc. | Add +30.0% | 0.13% | +0.02 |
| AGI Alamos Gold Inc. Class A | Add +26.5% | 0.27% | +0.02 |
| CLH Clean Harbors Inc. | Add +1.1% | 1.64% | +0.01 |
| INTC Intel Corp. | New | 0.01% | +0.01 |
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 |