Mediolanum International Funds Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Mediolanum International Funds Ltd reported 427 stock positions worth $7.2 billion. Its top holding was Apple (AAPL) at 5.7% of the portfolio, followed by Nvidia (NVDA, 5.1%) and Microsoft (MSFT, 4.9%). Compared with Q4 2024, it opened 27 new positions, sold out of 28, added to 172 and reduced 213. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +46%) and the biggest sale Apple (AAPL, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- DUBLIN 1, L2
- CIK
- 0002022028
- Portfolio Value
- $7.2B (Q1 2025)
- SEC Filing
- 0000897069-25-000937 ↗ filed May 7, 2025
Holdings Value
Holdings 427 stocks · $7.2B
| AAPL Apple Inc. | 5.67% | 1,876,782 | $409.0M | Reduce -13.4% |
| NVDA Nvidia Corp. | 5.06% | 3,329,551 | $365.2M | Reduce -0.2% |
| MSFT Microsoft Corp. | 4.90% | 933,540 | $353.6M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 2.78% | 1,039,498 | $200.3M | Add +2.0% |
| META Meta Platforms Inc. Class A | 2.59% | 324,240 | $187.0M | Reduce -7.7% |
| GOOGL Alphabet Inc. Class A | 1.92% | 895,042 | $138.1M | Reduce -0.6% |
| LLY Eli Lilly & Co. | 1.73% | 151,497 | $124.6M | Add +20.5% |
| V Visa Inc. Class A | 1.62% | 340,317 | $116.7M | Add +2.5% |
| GOOG Alphabet Inc. Class C | 1.51% | 696,358 | $108.7M | Reduce -19.9% |
| AVGO Broadcom Inc. | 1.38% | 589,063 | $99.6M | Reduce -7.1% |
| UNH Unitedhealth Group Inc. | 1.29% | 179,673 | $92.7M | Add +1.7% |
| JPM JPMorgan Chase & Co. | 1.24% | 368,156 | $89.4M | Reduce -3.3% |
| XOM Exxon Mobil Corp. | 1.18% | 721,739 | $85.0M | Add +6.8% |
| MA Mastercard Inc. Class A | 1.15% | 153,980 | $83.2M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.12% | 153,363 | $80.7M | Add +45.8% |
| MRK Merck & Co. Inc. | 1.06% | 860,276 | $76.8M | Reduce -9.9% |
| INTU Intuit Inc. | 1.00% | 119,880 | $71.8M | Add +10.1% |
| NFLX Netflix Inc. | 0.94% | 72,305 | $67.5M | Add +3.9% |
| WFC Wells Fargo & Co. | 0.94% | 954,103 | $67.4M | Add +17.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.93% | 568,386 | $67.2M | Add +7.0% |
| ACN Accenture PLC Class A | 0.89% | 210,003 | $63.9M | Reduce -18.8% |
| MCK McKesson Corp. | 0.88% | 94,497 | $63.1M | Add +46.5% |
| JNJ Johnson & Johnson | 0.85% | 373,942 | $61.2M | Reduce -27.8% |
| COP Conocophillips | 0.80% | 560,208 | $57.3M | Add +23.1% |
| PG The Procter & Gamble Co. | 0.76% | 326,054 | $54.8M | Add +1.3% |
| MMM 3M Co. | 0.74% | 368,699 | $53.4M | Reduce -10.1% |
| FISV Fiserv Inc. | 0.74% | 245,454 | $53.0M | Add +10.9% |
| HD Home Depot Inc. | 0.72% | 145,814 | $52.2M | Reduce -1.1% |
| TSLA Tesla Inc. | 0.72% | 198,002 | $52.2M | Reduce -26.6% |
| CRM Salesforce Inc. | 0.72% | 191,507 | $51.7M | Reduce -21.8% |
| GE General Electric filed as GE AEROSPACE | 0.69% | 247,372 | $49.4M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 0.67% | 797,871 | $48.6M | Reduce -12.9% |
| NEE Nextera Energy Inc. | 0.64% | 659,443 | $46.5M | Add +22.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.64% | 1,094,822 | $45.9M | Add +50.1% |
| BSX Boston Scientific Corp. | 0.58% | 422,870 | $42.0M | Reduce -19.5% |
| PGR Progressive Corp. | 0.56% | 144,160 | $40.2M | Add +13.6% |
| QCOM Qualcomm Inc. | 0.52% | 245,955 | $37.6M | Reduce -5.1% |
| MNST Monster Beverage Corp. | 0.52% | 646,979 | $37.4M | Add +8.0% |
| KO The Coca-Cola Co. | 0.51% | 519,665 | $36.6M | Reduce -26.0% |
| ADP Automatic Data Processing | 0.50% | 120,508 | $36.3M | Reduce -5.3% |
| KLAC KLA Corp. | 0.50% | 53,758 | $36.2M | Add +11.8% |
| T AT&T Inc. | 0.50% | 1,281,981 | $36.1M | Add +31.5% |
| TEL Te Connectivity PLC | 0.50% | 253,986 | $36.1M | Reduce -10.0% |
| ABBV Abbvie Inc. | 0.48% | 170,298 | $35.0M | Reduce -20.0% |
| CRH CRH PLC | 0.48% | 393,419 | $34.7M | Add +27.1% |
| ORCL Oracle Corp. | 0.48% | 244,683 | $34.5M | Add +6.4% |
| SHW The Sherwin-Williams Co. | 0.47% | 100,089 | $34.0M | Add +19.2% |
| WM Waste Management Inc. | 0.46% | 146,181 | $33.3M | Reduce -27.5% |
| BLK BlackRock Finance Inc. | 0.46% | 35,077 | $33.2M | Reduce -31.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.46% | 92,953 | $33.2M | Add +35.0% |
| ICE Intercontinental Exchange Inc. | 0.45% | 187,680 | $32.8M | Add +88.9% |
| CL Colgate-Palmolive Co. | 0.45% | 347,549 | $32.3M | Add +73.9% |
| AXP American Express Co. | 0.45% | 121,392 | $32.2M | Reduce -18.7% |
| ZTS Zoetis Inc. | 0.44% | 196,509 | $32.1M | Reduce -1.5% |
| ACGL Arch Capital Group Ltd. | 0.44% | 335,917 | $31.9M | Add +113.4% |
| ADBE Adobe Inc. | 0.43% | 79,917 | $30.8M | Add +4.7% |
| KKR KKR & Co. Inc. | 0.42% | 265,547 | $30.5M | Add +65.6% |
| LIN Linde PLC | 0.42% | 65,550 | $30.1M | Add +1.1% |
| CAT Caterpillar Inc. | 0.41% | 89,981 | $29.7M | Add +5.0% |
| AMAT Applied Materials Inc. | 0.41% | 203,297 | $29.5M | Reduce -37.1% |
| PLTR Palantir Technologies Inc. Class A | 0.40% | 338,827 | $29.1M | Add +2.5% |
| TTWO Take-Two Interactive Softwre | 0.39% | 134,005 | $28.2M | Add +14.5% |
| SPOT Spotify Technology SA | 0.37% | 47,251 | $26.5M | Add +4.0% |
| CVX Chevron Corp. | 0.36% | 156,817 | $26.0M | Reduce -26.2% |
| PEP Pepsico Inc. | 0.36% | 173,810 | $25.9M | Add +37.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.36% | 75,874 | $25.9M | Add +62.8% |
| DECK Deckers Outdoor Corp. | 0.36% | 229,974 | $25.7M | Add +1455.6% |
| MELI MercadoLibre Inc. | 0.35% | 12,454 | $25.5M | Add +34.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.34% | 25,312 | $24.7M | Reduce -21.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 586,249 | $24.2M | Reduce -52.7% |
| ABT Abbott Laboratories | 0.33% | 184,528 | $24.1M | Reduce -41.4% |
| COST Costco Wholesale Corp. | 0.33% | 25,767 | $24.0M | Reduce -13.4% |
| NOW ServiceNow Inc. | 0.33% | 29,733 | $23.7M | Reduce -4.3% |
| DG Dollar General Corp. | 0.32% | 271,677 | $23.4M | Add +4.8% |
| TMUS T-Mobile US Inc. | 0.32% | 88,106 | $23.3M | Reduce -35.1% |
| MCD McDonald's Corp. | 0.31% | 73,401 | $22.5M | Add +67.7% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 44,925 | $22.5M | Reduce -40.2% |
| UBER Uber Technologies Inc. | 0.31% | 306,485 | $22.3M | Reduce -2.5% |
| ADI Analog Devices Inc. | 0.30% | 107,449 | $21.7M | Add +905.9% |
| ITW Illinois Tool Works | 0.30% | 86,636 | $21.4M | Reduce -2.4% |
| REGN Regeneron Pharmaceuticals | 0.29% | 33,220 | $21.2M | Add +646.7% |
| MDT Medtronic PLC | 0.29% | 237,345 | $20.8M | Reduce -2.0% |
| ANET Arista Networks Inc. | 0.28% | 262,414 | $20.5M | Add +9.6% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.28% | 455,915 | $20.1M | New |
| MSI Motorola Solutions Inc. | 0.27% | 45,651 | $19.8M | Add +23.2% |
| BKNG Booking Holdings Inc. | 0.27% | 4,240 | $19.6M | Reduce -0.1% |
| COR Cencora Inc. | 0.27% | 70,502 | $19.4M | Reduce -11.6% |
| FSLR First Solar Inc. | 0.27% | 152,178 | $19.4M | Add +521.9% |
| FTNT Fortinet Inc. | 0.27% | 199,685 | $19.3M | Reduce -21.1% |
| MO Altria Group Inc. | 0.27% | 330,243 | $19.2M | Reduce -2.0% |
| DDOG Datadog Inc. Class A | 0.26% | 188,697 | $19.1M | Add +78.2% |
| C Citigroup Inc. | 0.26% | 268,584 | $18.9M | Add +83.2% |
| LULU Lululemon Athletica Inc. | 0.26% | 63,973 | $18.7M | Reduce -22.9% |
| DTE DTE Energy Company | 0.25% | 134,559 | $18.4M | Reduce -22.3% |
| ISRG Intuitive Surgical Inc. | 0.25% | 37,263 | $18.3M | Add +27.4% |
| KMB Kimberly-Clark Corp. | 0.25% | 129,025 | $18.2M | Reduce -45.7% |
| APO Apollo Global Management Inc. | 0.25% | 130,961 | $17.9M | Add +1.9% |
| CMCSA Comcast Corp. Class A | 0.25% | 487,598 | $17.9M | Add +160.2% |
| FLUT Flutter Entertainment PLC-Di | 0.25% | 77,924 | $17.9M | Add +72.0% |
| AMP Ameriprise Financial Inc. | 0.25% | 36,716 | $17.7M | Add +1.5% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -13.4% | 5.67% | −1.40 |
| NVDA Nvidia Corp. | Reduce -0.2% | 5.06% | −0.87 |
| TSLA Tesla Inc. | Reduce -26.6% | 0.72% | −0.73 |
| GOOG Alphabet Inc. Class C | Reduce -19.9% | 1.51% | −0.66 |
| AVGO Broadcom Inc. | Reduce -7.1% | 1.38% | −0.55 |
| BAC Bank of America Corp. | Reduce -52.7% | 0.34% | −0.37 |
| MSFT Microsoft Corp. | Reduce -2.5% | 4.90% | −0.36 |
| CRM Salesforce Inc. | Reduce -21.8% | 0.72% | −0.35 |
| DIS The Walt Disney Co. | Reduce -76.5% | 0.09% | −0.31 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 1.92% | −0.31 |
| ACN Accenture PLC Class A | Reduce -18.8% | 0.89% | −0.29 |
| GS Goldman Sachs Group Inc. | Reduce -77.5% | 0.08% | −0.28 |
| AMAT Applied Materials Inc. | Reduce -37.1% | 0.41% | −0.28 |
| NSC Norfolk Southern Corp. | Reduce -74.6% | 0.10% | −0.27 |
| KEY Keycorp | Sold out | 0.00% | −0.25 |
| NKE Nike Inc. Class B | Reduce -70.1% | 0.08% | −0.22 |
| BLK BlackRock Finance Inc. | Reduce -31.0% | 0.46% | −0.22 |
| CQP Cheniere Energy Partners LP | Reduce -80.8% | 0.06% | −0.21 |
| TMO Thermo Fisher Scientific Inc. | Reduce -40.2% | 0.31% | −0.19 |
| MS Morgan Stanley | Reduce -86.8% | 0.03% | −0.19 |
| CPAY Corpay Inc. | Reduce -47.6% | 0.24% | −0.18 |
| GDDY GoDaddy Inc. Class A | Reduce -75.8% | 0.05% | −0.16 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.16 |
| LULU Lululemon Athletica Inc. | Reduce -22.9% | 0.26% | −0.15 |
| MRK Merck & Co. Inc. | Reduce -9.9% | 1.06% | −0.15 |
| KMB Kimberly-Clark Corp. | Reduce -45.7% | 0.25% | −0.15 |
| WMT Walmart Inc. | Reduce -44.7% | 0.18% | −0.14 |
| AXP American Express Co. | Reduce -18.7% | 0.45% | −0.13 |
| ABT Abbott Laboratories | Reduce -41.4% | 0.33% | −0.12 |
| JNJ Johnson & Johnson | Reduce -27.8% | 0.85% | −0.11 |
| ETN Eaton Corp. PLC | Reduce -23.7% | 0.21% | −0.10 |
| GWW WW Grainger Inc. | Reduce -21.7% | 0.34% | −0.10 |
| NOW ServiceNow Inc. | Reduce -4.3% | 0.33% | −0.10 |
| GM General Motors Co. | Reduce -86.2% | 0.01% | −0.10 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.10 |
| WY Weyerhaeuser Co. | Sold out | 0.00% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -7.7% | 2.59% | −0.09 |
| DE Deere & Co. | Reduce -48.9% | 0.14% | −0.09 |
| STLA Stellantis NV | Reduce -52.2% | 0.07% | −0.09 |
| APA Apa Corp. | Sold out | 0.00% | −0.09 |
| KD Kyndryl Holdings Inc. | Reduce -33.3% | 0.14% | −0.08 |
| CAG Conagra Brands Inc. | Reduce -86.5% | 0.01% | −0.07 |
| WM Waste Management Inc. | Reduce -27.5% | 0.46% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -35.1% | 0.32% | −0.06 |
| DAL Delta Air Lines Inc. | Reduce -16.1% | 0.11% | −0.06 |
| CAH Cardinal Health Inc. | Reduce -75.8% | 0.03% | −0.06 |
| KO The Coca-Cola Co. | Reduce -26.0% | 0.51% | −0.06 |
| WSM Williams-Sonoma Inc. | Reduce -61.1% | 0.03% | −0.06 |
| FDS Factset Research Systems Inc. | Reduce -37.0% | 0.09% | −0.06 |
| EQIX Equinix Inc. | Reduce -31.8% | 0.09% | −0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +45.8% | 1.12% | +0.50 |
| LLY Eli Lilly & Co. | Add +20.5% | 1.73% | +0.47 |
| MCK McKesson Corp. | Add +46.5% | 0.88% | +0.40 |
| DECK Deckers Outdoor Corp. | Add +1455.6% | 0.36% | +0.32 |
| ONON On Holding AG Class A | New | 0.28% | +0.28 |
| SLB SLB Ltd. | Add +50.1% | 0.64% | +0.28 |
| ADI Analog Devices Inc. | Add +905.9% | 0.30% | +0.27 |
| V Visa Inc. Class A | Add +2.5% | 1.62% | +0.26 |
| ICE Intercontinental Exchange Inc. | Add +88.9% | 0.45% | +0.26 |
| ACGL Arch Capital Group Ltd. | Add +113.4% | 0.44% | +0.26 |
| XOM Exxon Mobil Corp. | Add +6.8% | 1.18% | +0.25 |
| REGN Regeneron Pharmaceuticals | Add +646.7% | 0.29% | +0.25 |
| COP Conocophillips | Add +23.1% | 0.80% | +0.22 |
| GEV GE Vernova Inc. | Add +1056.3% | 0.24% | +0.22 |
| T AT&T Inc. | Add +31.5% | 0.50% | +0.22 |
| CL Colgate-Palmolive Co. | Add +73.9% | 0.45% | +0.21 |
| FSLR First Solar Inc. | Add +521.9% | 0.27% | +0.21 |
| DELL Dell Technologies -C | New | 0.21% | +0.21 |
| WFC Wells Fargo & Co. | Add +17.5% | 0.94% | +0.20 |
| AJG Arthur J Gallagher & Co. | Add +62.8% | 0.36% | +0.19 |
| PGR Progressive Corp. | Add +13.6% | 0.56% | +0.16 |
| CMCSA Comcast Corp. Class A | Add +160.2% | 0.25% | +0.16 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +35.0% | 0.46% | +0.15 |
| MCD McDonald's Corp. | Add +67.7% | 0.31% | +0.15 |
| CCEP Coca-Cola Europacific Partne | New | 0.15% | +0.15 |
| MELI MercadoLibre Inc. | Add +34.1% | 0.35% | +0.15 |
| NEE Nextera Energy Inc. | Add +22.8% | 0.64% | +0.15 |
| FISV Fiserv Inc. | Add +10.9% | 0.74% | +0.15 |
| C Citigroup Inc. | Add +83.2% | 0.26% | +0.13 |
| NFLX Netflix Inc. | Add +3.9% | 0.94% | +0.13 |
| UNH Unitedhealth Group Inc. | Add +1.7% | 1.29% | +0.13 |
| FCX Freeport-McMoran Inc. | Add +170.5% | 0.17% | +0.12 |
| KKR KKR & Co. Inc. | Add +65.6% | 0.42% | +0.12 |
| MNST Monster Beverage Corp. | Add +8.0% | 0.52% | +0.11 |
| TTWO Take-Two Interactive Softwre | Add +14.5% | 0.39% | +0.11 |
| PEP Pepsico Inc. | Add +37.1% | 0.36% | +0.11 |
| CRH CRH PLC | Add +27.1% | 0.48% | +0.11 |
| INTU Intuit Inc. | Add +10.1% | 1.00% | +0.11 |
| KLAC KLA Corp. | Add +11.8% | 0.50% | +0.11 |
| BRBR Bellring Brands Inc. | Add +90.8% | 0.21% | +0.10 |
| SHW The Sherwin-Williams Co. | Add +19.2% | 0.47% | +0.10 |
| SPOT Spotify Technology SA | Add +4.0% | 0.37% | +0.10 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +283.2% | 0.13% | +0.10 |
| VZ Verizon Communications Inc. | Add +169.4% | 0.15% | +0.10 |
| EMN Eastman Chemical Co. | New | 0.10% | +0.10 |
| TJX TJX Companies Inc. | Add +7.0% | 0.93% | +0.10 |
| AMT American Tower Corp. | New | 0.10% | +0.10 |
| BMY Bristol-Myers Squibb Co. | Add +113.2% | 0.16% | +0.10 |
| FLUT Flutter Entertainment PLC-Di | Add +72.0% | 0.25% | +0.10 |
| BJ Bj's Wholesale Club Holdings | New | 0.10% | +0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 452 | $11.7B | NVDA, AAPL, MSFT, AVGO, GOOGL |
| Q1 2026 | 431 | $9.4B | NVDA, AAPL, MSFT, AVGO, GOOGL |
| Q4 2025 | 408 | $10.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 410 | $9.5B | NVDA, AAPL, MSFT, META, AVGO |
| Q2 2025 | 398 | $8.4B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 427 | $7.2B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 428 | $7.7B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 429 | $7.2B | AAPL, MSFT, NVDA, META, GOOGL |
| Q2 2024 | 393 | $6.1B | AAPL, MSFT, NVDA, GOOGL, META |
| Q1 2024 | 377 | $6.2B | MSFT, AAPL, NVDA, GOOGL, GOOG |