Mediolanum International Funds Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Mediolanum International Funds Ltd reported 398 stock positions worth $8.4 billion. Its top holding was Nvidia (NVDA) at 7.1% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Apple (AAPL, 5.5%). Compared with Q1 2025, it opened 24 new positions, sold out of 53, added to 206 and reduced 163. The biggest buy was Nvidia (NVDA, shares +13%) and the biggest sale Procter & Gamble (PG, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- DUBLIN 1, L2
- CIK
- 0002022028
- Portfolio Value
- $8.4B (Q2 2025)
- SEC Filing
- 0000897069-25-001280 ↗ filed Aug 12, 2025
Holdings Value
Holdings 398 stocks · $8.4B
| NVDA Nvidia Corp. | 7.12% | 3,768,273 | $594.4M | Add +13.2% |
| MSFT Microsoft Corp. | 5.90% | 993,220 | $492.6M | Add +6.4% |
| AAPL Apple Inc. | 5.46% | 2,268,388 | $456.1M | Add +20.9% |
| AMZN Amazon.com Inc. | 3.04% | 1,138,453 | $254.2M | Add +9.5% |
| META Meta Platforms Inc. Class A | 2.93% | 333,785 | $244.9M | Add +2.9% |
| AVGO Broadcom Inc. | 2.49% | 772,983 | $208.2M | Add +31.2% |
| GOOGL Alphabet Inc. Class A | 1.93% | 901,577 | $161.0M | Add +0.7% |
| GOOG Alphabet Inc. Class C | 1.64% | 768,908 | $137.1M | Add +10.4% |
| V Visa Inc. Class A | 1.52% | 364,927 | $127.2M | Add +7.2% |
| JPM JPMorgan Chase & Co. | 1.35% | 392,044 | $112.6M | Add +6.5% |
| LLY Eli Lilly & Co. | 1.29% | 139,262 | $108.0M | Reduce -8.1% |
| INTU Intuit Inc. | 1.25% | 134,785 | $104.7M | Add +12.4% |
| NFLX Netflix Inc. | 1.11% | 69,885 | $92.5M | Reduce -3.4% |
| TSLA Tesla Inc. | 1.00% | 257,391 | $83.3M | Add +30.0% |
| MA Mastercard Inc. Class A | 0.99% | 151,026 | $83.1M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.91% | 698,051 | $76.4M | Reduce -3.3% |
| WFC Wells Fargo & Co. | 0.91% | 958,709 | $76.2M | Add +0.5% |
| GE General Electric filed as GE AEROSPACE | 0.87% | 285,443 | $72.6M | Add +15.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.79% | 535,207 | $66.0M | Reduce -5.8% |
| JNJ Johnson & Johnson | 0.78% | 426,141 | $64.9M | Add +14.0% |
| MCK McKesson Corp. | 0.74% | 85,688 | $62.2M | Reduce -9.3% |
| UBER Uber Technologies Inc. | 0.72% | 656,871 | $60.1M | Add +114.3% |
| ORCL Oracle Corp. | 0.70% | 278,899 | $58.6M | Add +14.0% |
| UNH Unitedhealth Group Inc. | 0.69% | 185,346 | $57.3M | Add +3.2% |
| HD Home Depot Inc. | 0.68% | 153,570 | $56.6M | Add +5.3% |
| BSX Boston Scientific Corp. | 0.67% | 525,994 | $56.0M | Add +24.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 113,651 | $55.2M | Reduce -25.9% |
| KLAC KLA Corp. | 0.63% | 59,400 | $52.9M | Add +10.5% |
| ACN Accenture PLC Class A | 0.63% | 178,334 | $52.7M | Reduce -15.1% |
| MRK Merck & Co. Inc. | 0.62% | 650,529 | $51.5M | Reduce -24.4% |
| MMM 3M Co. | 0.61% | 332,906 | $50.6M | Reduce -9.7% |
| AMD Advanced Micro Devices | 0.58% | 335,304 | $48.2M | Add +477.5% |
| CSCO Cisco Systems Inc. | 0.58% | 699,846 | $48.0M | Reduce -12.3% |
| ANET Arista Networks Inc. | 0.53% | 444,445 | $44.2M | Add +69.4% |
| WMT Walmart Inc. | 0.51% | 439,780 | $42.8M | Add +184.8% |
| QCOM Qualcomm Inc. | 0.51% | 266,134 | $42.2M | Add +8.2% |
| PLTR Palantir Technologies Inc. Class A | 0.50% | 319,026 | $41.7M | Reduce -5.8% |
| COST Costco Wholesale Corp. | 0.49% | 41,927 | $41.3M | Add +62.7% |
| MNST Monster Beverage Corp. | 0.49% | 659,981 | $40.7M | Add +2.0% |
| CRM Salesforce Inc. | 0.48% | 145,478 | $39.8M | Reduce -24.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.47% | 1,145,823 | $39.0M | Add +4.7% |
| AXP American Express Co. | 0.46% | 122,043 | $38.7M | Add +0.5% |
| SHW The Sherwin-Williams Co. | 0.46% | 111,323 | $38.5M | Add +11.2% |
| PGR Progressive Corp. | 0.46% | 145,545 | $38.4M | Add +1.0% |
| DDOG Datadog Inc. Class A | 0.45% | 287,182 | $37.9M | Add +52.2% |
| ETN Eaton Corp. PLC | 0.45% | 106,114 | $37.5M | Add +93.4% |
| CMG Chipotle Mexican Grill Inc. | 0.45% | 676,606 | $37.2M | Add +226.0% |
| ADP Automatic Data Processing | 0.44% | 120,653 | $36.6M | Add +0.1% |
| CRH CRH PLC | 0.42% | 383,198 | $35.1M | Reduce -2.6% |
| TTWO Take-Two Interactive Softwre | 0.42% | 144,999 | $35.0M | Add +8.2% |
| CAT Caterpillar Inc. | 0.42% | 90,255 | $34.7M | Add +0.3% |
| C Citigroup Inc. | 0.40% | 400,276 | $33.8M | Add +49.0% |
| ADBE Adobe Inc. | 0.40% | 87,534 | $33.8M | Add +9.5% |
| ZTS Zoetis Inc. | 0.40% | 211,304 | $33.0M | Add +7.5% |
| ICE Intercontinental Exchange Inc. | 0.39% | 181,356 | $33.0M | Reduce -3.4% |
| SNPS Synopsys Inc. | 0.39% | 64,568 | $32.5M | Add +106.4% |
| SPOT Spotify Technology SA | 0.39% | 41,985 | $32.4M | Reduce -11.1% |
| MELI MercadoLibre Inc. | 0.39% | 12,589 | $32.2M | Add +1.1% |
| ISRG Intuitive Surgical Inc. | 0.38% | 59,398 | $31.7M | Add +59.4% |
| FLUT Flutter Entertainment PLC-Di | 0.38% | 113,356 | $31.6M | Add +45.5% |
| T AT&T Inc. | 0.37% | 1,103,258 | $31.0M | Reduce -13.9% |
| SPGI S&P Global Inc. | 0.37% | 58,994 | $30.5M | Add +98.4% |
| COP Conocophillips | 0.36% | 332,220 | $30.0M | Reduce -40.7% |
| NOW ServiceNow Inc. | 0.35% | 28,461 | $29.1M | Reduce -4.3% |
| ABT Abbott Laboratories | 0.34% | 214,459 | $28.8M | Add +16.2% |
| TEL Te Connectivity PLC | 0.34% | 170,414 | $28.4M | Reduce -32.9% |
| FISV Fiserv Inc. | 0.33% | 161,208 | $27.8M | Reduce -34.3% |
| PEP Pepsico Inc. | 0.33% | 211,969 | $27.8M | Add +21.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.33% | 54,655 | $27.3M | Reduce -41.2% |
| AMT American Tower Corp. | 0.32% | 124,501 | $27.1M | Add +281.3% |
| KO The Coca-Cola Co. | 0.32% | 381,372 | $26.8M | Reduce -26.6% |
| DELL Dell Technologies -C | 0.31% | 210,458 | $26.1M | Add +27.1% |
| COF Capital One Financial Corp. | 0.31% | 122,362 | $25.8M | Add +6468.0% |
| ABBV Abbvie Inc. | 0.31% | 141,193 | $25.7M | Reduce -17.1% |
| NEE Nextera Energy Inc. | 0.30% | 354,850 | $25.2M | Reduce -46.2% |
| WM Waste Management Inc. | 0.30% | 109,627 | $25.0M | Reduce -25.0% |
| MSI Motorola Solutions Inc. | 0.30% | 59,385 | $24.9M | Add +30.1% |
| SCHW Schwab (charles) Corp. | 0.29% | 273,458 | $24.6M | Add +80.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 521,749 | $24.6M | Reduce -11.0% |
| TMO Thermo Fisher Scientific Inc. | 0.28% | 57,903 | $23.6M | Add +28.9% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.28% | 206,100 | $23.5M | Add +233.1% |
| ITW Illinois Tool Works | 0.28% | 93,423 | $23.2M | Add +7.8% |
| LIN Linde PLC | 0.28% | 49,806 | $23.1M | Reduce -24.0% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.27% | 434,743 | $22.8M | Reduce -4.6% |
| MO Altria Group Inc. | 0.27% | 387,504 | $22.8M | Add +17.3% |
| HWM Howmet Aerospace Inc. | 0.27% | 122,965 | $22.7M | Add +5.8% |
| MCO Moody's Corp. | 0.27% | 45,953 | $22.4M | Add +31.5% |
| AMAT Applied Materials Inc. | 0.27% | 121,919 | $22.3M | Reduce -40.0% |
| DASH DoorDash Inc. Class A | 0.27% | 91,477 | $22.2M | Add +53.5% |
| AEM Agnico Eagle Mines Ltd. | 0.26% | 189,961 | $22.1M | Add +295.7% |
| FTNT Fortinet Inc. | 0.26% | 211,260 | $21.8M | Add +5.8% |
| BKNG Booking Holdings Inc. | 0.26% | 3,817 | $21.7M | Reduce -10.0% |
| TPR Tapestry Inc. | 0.26% | 249,152 | $21.7M | New |
| BRBR Bellring Brands Inc. | 0.26% | 367,227 | $21.5M | Add +82.6% |
| DTE DTE Energy Company | 0.26% | 162,941 | $21.4M | Add +21.1% |
| APH Amphenol Corp. Class A | 0.25% | 214,052 | $20.9M | Add +308.8% |
| TOST Toast Inc. Class A | 0.25% | 476,143 | $20.9M | Add +788.8% |
| ACGL Arch Capital Group Ltd. | 0.25% | 230,914 | $20.9M | Reduce -31.3% |
| AMP Ameriprise Financial Inc. | 0.25% | 38,831 | $20.5M | Add +5.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 165,087 | $20.2M | Add +150.4% |
Portfolio Sells Q1 2025 → Q2 2025
| PG The Procter & Gamble Co. | Reduce -67.7% | 0.20% | −0.56 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -25.9% | 0.66% | −0.46 |
| MRK Merck & Co. Inc. | Reduce -24.4% | 0.62% | −0.45 |
| COP Conocophillips | Reduce -40.7% | 0.36% | −0.44 |
| LLY Eli Lilly & Co. | Reduce -8.1% | 1.29% | −0.43 |
| FISV Fiserv Inc. | Reduce -34.3% | 0.33% | −0.40 |
| NEE Nextera Energy Inc. | Reduce -46.2% | 0.30% | −0.34 |
| DECK Deckers Outdoor Corp. | Reduce -90.3% | 0.03% | −0.33 |
| REGN Regeneron Pharmaceuticals | Reduce -89.2% | 0.02% | −0.27 |
| XOM Exxon Mobil Corp. | Reduce -3.3% | 0.91% | −0.26 |
| ACN Accenture PLC Class A | Reduce -15.1% | 0.63% | −0.26 |
| KKR KKR & Co. Inc. | Reduce -60.2% | 0.17% | −0.25 |
| CRM Salesforce Inc. | Reduce -24.0% | 0.48% | −0.24 |
| BLK BlackRock Finance Inc. | Reduce -48.7% | 0.23% | −0.23 |
| CL Colgate-Palmolive Co. | Reduce -38.2% | 0.23% | −0.22 |
| MCD McDonald's Corp. | Reduce -56.9% | 0.11% | −0.20 |
| ACGL Arch Capital Group Ltd. | Reduce -31.3% | 0.25% | −0.19 |
| KO The Coca-Cola Co. | Reduce -26.6% | 0.32% | −0.19 |
| AON Aon PLC Class A | Reduce -88.7% | 0.02% | −0.18 |
| COR Cencora Inc. | Reduce -65.7% | 0.09% | −0.18 |
| ABBV Abbvie Inc. | Reduce -17.1% | 0.31% | −0.18 |
| LULU Lululemon Athletica Inc. | Reduce -50.9% | 0.09% | −0.17 |
| PCTY Paylocity Holding Corp. | Sold out | 0.00% | −0.16 |
| WM Waste Management Inc. | Reduce -25.0% | 0.30% | −0.16 |
| TEL Te Connectivity PLC | Reduce -32.9% | 0.34% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -1.9% | 0.99% | −0.16 |
| CVX Chevron Corp. | Reduce -21.2% | 0.21% | −0.15 |
| KD Kyndryl Holdings Inc. | Sold out | 0.00% | −0.14 |
| PCAR Paccar Inc. | Reduce -72.9% | 0.04% | −0.14 |
| AMAT Applied Materials Inc. | Reduce -40.0% | 0.27% | −0.14 |
| TJX TJX Companies Inc. | Reduce -5.8% | 0.79% | −0.14 |
| LIN Linde PLC | Reduce -24.0% | 0.28% | −0.14 |
| FSLR First Solar Inc. | Reduce -52.9% | 0.13% | −0.14 |
| MMM 3M Co. | Reduce -9.7% | 0.61% | −0.13 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -41.2% | 0.33% | −0.13 |
| DKNG Draftkings Inc. Class A | Reduce -56.8% | 0.11% | −0.13 |
| MCK McKesson Corp. | Reduce -9.3% | 0.74% | −0.13 |
| T AT&T Inc. | Reduce -13.9% | 0.37% | −0.13 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −0.13 |
| ADM Archer-Daniels-Midland Co. | Reduce -69.2% | 0.05% | −0.13 |
| AJG Arthur J Gallagher & Co. | Reduce -20.3% | 0.23% | −0.13 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.12 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.12 |
| VLO Valero Energy Corp. | Reduce -55.2% | 0.08% | −0.12 |
| NRG NRG Energy Inc. | Reduce -85.6% | 0.03% | −0.12 |
| MDLZ Mondelez International Inc. Class A | Reduce -75.2% | 0.03% | −0.11 |
| SBUX Starbucks Corp. | Reduce -84.7% | 0.02% | −0.11 |
| EG Everest Group Ltd. | Reduce -65.3% | 0.04% | −0.11 |
| TDY Teledyne Technologies Inc. | Sold out | 0.00% | −0.10 |
| GWW WW Grainger Inc. | Reduce -23.3% | 0.24% | −0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +13.2% | 7.12% | +2.05 |
| AVGO Broadcom Inc. | Add +31.2% | 2.49% | +1.11 |
| MSFT Microsoft Corp. | Add +6.4% | 5.90% | +0.99 |
| AMD Advanced Micro Devices | Add +477.5% | 0.58% | +0.49 |
| UBER Uber Technologies Inc. | Add +114.3% | 0.72% | +0.41 |
| META Meta Platforms Inc. Class A | Add +2.9% | 2.93% | +0.34 |
| WMT Walmart Inc. | Add +184.8% | 0.51% | +0.33 |
| COF Capital One Financial Corp. | Add +6468.0% | 0.31% | +0.30 |
| CMG Chipotle Mexican Grill Inc. | Add +226.0% | 0.45% | +0.30 |
| TSLA Tesla Inc. | Add +30.0% | 1.00% | +0.27 |
| AMZN Amazon.com Inc. | Add +9.5% | 3.04% | +0.27 |
| TPR Tapestry Inc. | New | 0.26% | +0.26 |
| INTU Intuit Inc. | Add +12.4% | 1.25% | +0.26 |
| ANET Arista Networks Inc. | Add +69.4% | 0.53% | +0.25 |
| ETN Eaton Corp. PLC | Add +93.4% | 0.45% | +0.24 |
| AMT American Tower Corp. | Add +281.3% | 0.32% | +0.23 |
| TOST Toast Inc. Class A | Add +788.8% | 0.25% | +0.23 |
| ORCL Oracle Corp. | Add +14.0% | 0.70% | +0.22 |
| GEHC GE Healthcare Technology | New | 0.22% | +0.22 |
| APH Amphenol Corp. Class A | Add +308.8% | 0.25% | +0.20 |
| SNPS Synopsys Inc. | Add +106.4% | 0.39% | +0.20 |
| AEM Agnico Eagle Mines Ltd. | Add +295.7% | 0.26% | +0.19 |
| DDOG Datadog Inc. Class A | Add +52.2% | 0.45% | +0.19 |
| BJ Bj's Wholesale Club Holdings | Add +233.1% | 0.28% | +0.19 |
| GE General Electric | Add +15.4% | 0.87% | +0.18 |
| DLR Digital Realty Trust Inc. | New | 0.18% | +0.18 |
| COST Costco Wholesale Corp. | Add +62.7% | 0.49% | +0.16 |
| GIL Gildan Activewear Inc. | Add +4664.2% | 0.16% | +0.16 |
| SPGI S&P Global Inc. | Add +98.4% | 0.37% | +0.16 |
| DIS The Walt Disney Co. | Add +150.4% | 0.24% | +0.15 |
| C Citigroup Inc. | Add +49.0% | 0.40% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +10.4% | 1.64% | +0.13 |
| KLAC KLA Corp. | Add +10.5% | 0.63% | +0.13 |
| SCHW Schwab (charles) Corp. | Add +80.0% | 0.29% | +0.13 |
| FLUT Flutter Entertainment PLC-Di | Add +45.5% | 0.38% | +0.13 |
| GS Goldman Sachs Group Inc. | Add +134.1% | 0.21% | +0.13 |
| ADSK Autodesk Inc. | Add +212.8% | 0.19% | +0.13 |
| CVS CVS Health Corp. | Add +610.7% | 0.15% | +0.13 |
| ISRG Intuitive Surgical Inc. | Add +59.4% | 0.38% | +0.13 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.12% | +0.12 |
| WELL Welltower Inc. | New | 0.12% | +0.12 |
| DASH DoorDash Inc. Class A | Add +53.5% | 0.27% | +0.11 |
| TGT Target Corp. | Add +303.8% | 0.16% | +0.11 |
| VST Vistra Corp. | Add +284.6% | 0.14% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +6.5% | 1.35% | +0.11 |
| AXON Axon Enterprise Inc. | Add +332.5% | 0.13% | +0.10 |
| DELL Dell Technologies -C | Add +27.1% | 0.31% | +0.10 |
| PODD Insulet Corp. | Add +121.3% | 0.18% | +0.10 |
| WAB Wabtec Corp. | New | 0.10% | +0.10 |
| CAH Cardinal Health Inc. | Add +348.3% | 0.12% | +0.09 |
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 |