Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. reported 54 stock positions worth $484.6 million. Its top holding was Linde (LIN) at 7.7% of the portfolio, followed by Waste Management (WM, 6.9%) and Axsome Therapeutics (AXSM, 6.9%). Compared with Q4 2024, it opened 11 new positions, sold out of 9, added to 9 and reduced 26. The biggest buy was a new position in Waste Management (WM) and the biggest sale Bank of America (BAC, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- WARSZAWA, R9
- CIK
- 0002011081
- Portfolio Value
- $484.6M (Q1 2025)
- SEC Filing
- 0002011081-25-000005 ↗ filed May 6, 2025
Holdings Value
Holdings 54 stocks · $484.6M
| LIN Linde PLC | 7.67% | 79,822 | $37.2M | Add +44.8% |
| WM Waste Management Inc. | 6.87% | 143,855 | $33.3M | New |
| AXSM Axsome Therapeutics Inc. | 6.87% | 285,494 | $33.3M | Add +746.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.55% | 50,517 | $26.9M | Add +69.7% |
| XYZ Block Inc. | 4.73% | 422,036 | $22.9M | New |
| AMZN Amazon.com Inc. | 4.44% | 113,071 | $21.5M | Reduce -28.7% |
| FCX Freeport-McMoran Inc. | 4.34% | 555,093 | $21.0M | No change |
| MELI MercadoLibre Inc. | 3.78% | 9,393 | $18.3M | Reduce -9.0% |
| VZ Verizon Communications Inc. | 3.52% | 375,566 | $17.0M | Add +23.4% |
| META Meta Platforms Inc. Class A | 3.30% | 27,758 | $16.0M | Reduce -36.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 3.15% | 43,302 | $15.3M | Reduce -59.3% |
| AMAT Applied Materials Inc. | 3.05% | 102,009 | $14.8M | Reduce -29.2% |
| S Sentinelone Inc. Class A | 3.00% | 799,521 | $14.5M | Add +15.0% |
| GOOG Alphabet Inc. Class C | 2.79% | 86,519 | $13.5M | Reduce -63.7% |
| SWTX Springworks Therapeutics Inc. | 2.57% | 282,105 | $12.4M | New |
| APH Amphenol Corp. Class A | 2.22% | 163,806 | $10.7M | New |
| JANX Janux Therapeutics Inc. | 2.10% | 376,496 | $10.2M | Reduce -12.3% |
| SRRK Scholar Rock Holding Corp. | 2.08% | 313,689 | $10.1M | Reduce -18.7% |
| PG The Procter & Gamble Co. | 1.60% | 45,570 | $7.8M | Add +1476.3% |
| KO The Coca-Cola Co. | 1.59% | 107,440 | $7.7M | Add +1768.2% |
| PEP Pepsico Inc. | 1.49% | 48,298 | $7.2M | Add +1138.1% |
| FISV Fiserv Inc. | 1.34% | 29,423 | $6.5M | Reduce -77.2% |
| CYTK Cytokinetics Inc. | 1.34% | 161,285 | $6.5M | Reduce -51.0% |
| NBIX Neurocrine Biosciences Inc. | 1.23% | 53,954 | $6.0M | No change |
| VRDN Viridian Therapeutics Inc. | 1.18% | 423,272 | $5.7M | No change |
| INTC Intel Corp. | 1.16% | 246,619 | $5.6M | No change |
| MRVL Marvell Technology Inc. | 1.12% | 88,080 | $5.4M | Reduce -67.4% |
| WMT Walmart Inc. | 1.10% | 60,887 | $5.3M | Reduce -19.8% |
| CRM Salesforce Inc. | 1.06% | 19,061 | $5.1M | Reduce -72.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.95% | 18,533 | $4.6M | New |
| JNJ Johnson & Johnson | 0.94% | 27,344 | $4.5M | New |
| MSFT Microsoft Corp. | 0.91% | 11,802 | $4.4M | No change |
| AVGO Broadcom Inc. | 0.91% | 26,447 | $4.4M | Reduce -29.2% |
| MA Mastercard Inc. Class A | 0.91% | 8,023 | $4.4M | New |
| ETN Eaton Corp. PLC | 0.90% | 16,004 | $4.4M | Reduce -40.8% |
| NVDA Nvidia Corp. | 0.86% | 38,624 | $4.2M | Reduce -83.2% |
| UNH Unitedhealth Group Inc. | 0.84% | 7,793 | $4.1M | New |
| NFLX Netflix Inc. | 0.73% | 3,818 | $3.6M | New |
| VRT Vertiv Holdings Co. Class A | 0.69% | 46,364 | $3.3M | Reduce -86.5% |
| T AT&T Inc. | 0.68% | 115,978 | $3.3M | Add +62.8% |
| SCCO Southern Copper Corp. | 0.63% | 32,616 | $3.0M | Reduce -92.2% |
| AAPL Apple Inc. | 0.56% | 12,277 | $2.7M | Reduce -0.2% |
| GM General Motors Co. | 0.54% | 55,592 | $2.6M | No change |
| AMD Advanced Micro Devices | 0.43% | 20,404 | $2.1M | Reduce -34.5% |
| WFC Wells Fargo & Co. | 0.42% | 28,629 | $2.1M | Reduce -93.1% |
| ACN Accenture PLC Class A | 0.41% | 6,423 | $2.0M | New |
| TSLA Tesla Inc. | 0.39% | 7,226 | $1.9M | Reduce -6.1% |
| V Visa Inc. Class A | 0.38% | 5,243 | $1.8M | Reduce -0.3% |
| ORCL Oracle Corp. | 0.33% | 11,356 | $1.6M | New |
| NOW ServiceNow Inc. | 0.21% | 1,269 | $1.0M | Reduce -76.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 11,012 | $460K | Reduce -98.8% |
| JPM JPMorgan Chase & Co. | 0.04% | 697 | $171K | Reduce -99.4% |
| PODD Insulet Corp. | 0.01% | 139 | $37K | No change |
| MLTX Moonlake Immunotherapeutics | 0.00% | 85 | $3K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| BAC Bank of America Corp. | Reduce -98.8% | 0.09% | −4.65 |
| VRT Vertiv Holdings Co. Class A | Reduce -86.5% | 0.69% | −4.03 |
| SCCO Southern Copper Corp. | Reduce -92.2% | 0.63% | −3.98 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −3.84 |
| JPM JPMorgan Chase & Co. | Reduce -99.4% | 0.04% | −3.26 |
| WFC Wells Fargo & Co. | Reduce -93.1% | 0.42% | −3.09 |
| NVDA Nvidia Corp. | Reduce -83.2% | 0.86% | −2.87 |
| ADBE Adobe Inc. | Sold out | 0.00% | −2.75 |
| GOOG Alphabet Inc. Class C | Reduce -63.7% | 2.79% | −2.71 |
| MRVL Marvell Technology Inc. | Reduce -67.4% | 1.12% | −2.50 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −2.13 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −2.05 |
| INSM Insmed Inc. | Sold out | 0.00% | −2.04 |
| FISV Fiserv Inc. | Reduce -77.2% | 1.34% | −1.87 |
| CRM Salesforce Inc. | Reduce -72.9% | 1.06% | −1.79 |
| SLNO Soleno Therapeutics Inc. | Sold out | 0.00% | −1.63 |
| VKTX Viking Therapeutics Inc. | Sold out | 0.00% | −1.30 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -59.3% | 3.15% | −1.25 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −1.20 |
| JANX Janux Therapeutics Inc. | Reduce -12.3% | 2.10% | −0.68 |
| CYTK Cytokinetics Inc. | Reduce -51.0% | 1.34% | −0.54 |
| NOW ServiceNow Inc. | Reduce -76.4% | 0.21% | −0.48 |
| TARS Tarsus Pharmaceuticals Inc. | Sold out | 0.00% | −0.40 |
| ETN Eaton Corp. PLC | Reduce -40.8% | 0.90% | −0.19 |
| AVGO Broadcom Inc. | Reduce -29.2% | 0.91% | −0.13 |
| AMD Advanced Micro Devices | Reduce -34.5% | 0.43% | −0.02 |
| TSLA Tesla Inc. | Reduce -6.1% | 0.39% | +0.01 |
| SRRK Scholar Rock Holding Corp. | Reduce -18.7% | 2.08% | +0.06 |
| V Visa Inc. Class A | Reduce -0.3% | 0.38% | +0.18 |
| AAPL Apple Inc. | Reduce -0.2% | 0.56% | +0.19 |
| META Meta Platforms Inc. Class A | Reduce -36.6% | 3.30% | +0.20 |
| AMAT Applied Materials Inc. | Reduce -29.2% | 3.05% | +0.22 |
| AMZN Amazon.com Inc. | Reduce -28.7% | 4.44% | +0.23 |
| WMT Walmart Inc. | Reduce -19.8% | 1.10% | +0.27 |
| MELI MercadoLibre Inc. | Reduce -9.0% | 3.78% | +1.66 |
Portfolio Buys Q4 2024 → Q1 2025
| WM Waste Management Inc. | New | 6.87% | +6.87 |
| AXSM Axsome Therapeutics Inc. | Add +746.7% | 6.87% | +6.53 |
| LIN Linde PLC | Add +44.8% | 7.67% | +4.88 |
| XYZ Block Inc. | New | 4.73% | +4.73 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +69.7% | 5.55% | +3.92 |
| SWTX Springworks Therapeutics Inc. | New | 2.57% | +2.57 |
| APH Amphenol Corp. Class A | New | 2.22% | +2.22 |
| VZ Verizon Communications Inc. | Add +23.4% | 3.52% | +2.04 |
| KO The Coca-Cola Co. | Add +1768.2% | 1.59% | +1.54 |
| PG The Procter & Gamble Co. | Add +1476.3% | 1.60% | +1.54 |
| PEP Pepsico Inc. | Add +1138.1% | 1.49% | +1.42 |
| S Sentinelone Inc. Class A | Add +15.0% | 3.00% | +1.13 |
| IBM Intl Business Machines Corp. | New | 0.95% | +0.95 |
| JNJ Johnson & Johnson | New | 0.94% | +0.94 |
| MA Mastercard Inc. Class A | New | 0.91% | +0.91 |
| UNH Unitedhealth Group Inc. | New | 0.84% | +0.84 |
| NFLX Netflix Inc. | New | 0.73% | +0.73 |
| T AT&T Inc. | Add +62.8% | 0.68% | +0.48 |
| ACN Accenture PLC Class A | New | 0.41% | +0.41 |
| ORCL Oracle Corp. | New | 0.33% | +0.33 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $1.8B | MU, MSFT, AMD, ABVX, AMZN |
| Q1 2026 | 51 | $1.2B | GOOG, MU, ABVX, PTGX, NVDA |
| Q4 2025 | 48 | $1.1B | GOOG, ABVX, AMZN, MU, NVDA |
| Q3 2025 | 46 | $1.3B | RBLX, NVDA, GOOG, INTC, CRWD |
| Q2 2025 | 56 | $846.2M | AMZN, ETN, CYBR, META, SLNO |
| Q1 2025 | 54 | $484.6M | LIN, WM, AXSM, BRK.B, XYZ |
| Q4 2024 | 52 | $826.4M | GOOG, BAC, VRT, SCCO, CRWD |
| Q3 2024 | 48 | $720.5M | SCCO, AMAT, WMT, VKTX, CRWD |
| Q2 2024 | 41 | $615.0M | SCCO, GOOG, CRWD, TDW, NVDA |
| Q1 2024 | 37 | $648.4M | SCCO, GOOG, VKTX, META, NVDA |