Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. reported 48 stock positions worth $1.1 billion. Its top holding was Alphabet Class C (GOOG) at 12.0% of the portfolio, followed by Abivax SA-ADR (ABVX, 8.3%) and Amazon.com (AMZN, 7.5%). Compared with Q3 2025, it opened 7 new positions, sold out of 5, added to 11 and reduced 22. The biggest buy was a new position in Micron Technology (MU) and the biggest sale an exit from Roblox Class A (RBLX).
- Most Recent 13F
- Q2 2026
- Location
- WARSZAWA, R9
- CIK
- 0002011081
- Portfolio Value
- $1.1B (Q4 2025)
- SEC Filing
- 0002011081-26-000002 ↗ filed Feb 11, 2026
Holdings Value
Holdings 48 stocks · $1.1B
| GOOG Alphabet Inc. Class C | 12.02% | 431,550 | $135.4M | Add +23.4% |
| ABVX Abivax SA-ADR | 8.28% | 691,973 | $93.3M | Reduce -5.4% |
| AMZN Amazon.com Inc. | 7.48% | 365,006 | $84.3M | Add +53.6% |
| MU Micron Technology Inc. | 6.12% | 241,453 | $68.9M | New |
| NVDA Nvidia Corp. | 5.37% | 324,405 | $60.5M | Reduce -36.4% |
| AXSM Axsome Therapeutics Inc. | 4.52% | 278,835 | $50.9M | Reduce -14.6% |
| PTGX Protagonist Therapeutics Inc. | 4.43% | 571,825 | $49.9M | New |
| CYTK Cytokinetics Inc. | 4.22% | 747,983 | $47.5M | Reduce -37.3% |
| MSFT Microsoft Corp. | 4.04% | 94,025 | $45.5M | Add +104.2% |
| SNOW Snowflake Inc. | 4.00% | 205,389 | $45.1M | Add +0.3% |
| WDC Western Digital Corp. | 3.48% | 227,325 | $39.2M | Reduce -33.9% |
| AVGO Broadcom Inc. | 3.28% | 106,717 | $36.9M | Reduce -29.7% |
| SRRK Scholar Rock Holding Corp. | 3.01% | 769,442 | $33.9M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 2.94% | 70,771 | $33.2M | Reduce -50.5% |
| VRT Vertiv Holdings Co. Class A | 2.61% | 181,710 | $29.4M | Reduce -53.6% |
| FCX Freeport-McMoran Inc. | 2.50% | 555,093 | $28.2M | No change |
| LIN Linde PLC | 2.43% | 64,309 | $27.4M | Reduce -16.3% |
| MLYS Mineralys Therapeutics Inc. | 2.12% | 659,076 | $23.9M | New |
| WM Waste Management Inc. | 1.93% | 99,222 | $21.8M | Reduce -0.0% |
| AMAT Applied Materials Inc. | 1.76% | 77,188 | $19.8M | Reduce -4.3% |
| META Meta Platforms Inc. Class A | 1.26% | 21,584 | $14.2M | Reduce -74.0% |
| VRDN Viridian Therapeutics Inc. | 1.17% | 423,272 | $13.2M | No change |
| MELI MercadoLibre Inc. | 1.11% | 6,236 | $12.6M | No change |
| QURE Uniqure NV | 1.11% | 521,677 | $12.5M | No change |
| AMD Advanced Micro Devices | 0.96% | 50,738 | $10.9M | Add +69.1% |
| INTC Intel Corp. | 0.95% | 289,410 | $10.7M | Reduce -86.2% |
| NKTR Nektar Therapeutics | 0.71% | 188,112 | $8.0M | Add +22.3% |
| MRVL Marvell Technology Inc. | 0.64% | 84,648 | $7.2M | Reduce -3.9% |
| JPM JPMorgan Chase & Co. | 0.52% | 18,098 | $5.8M | Add +314.6% |
| JANX Janux Therapeutics Inc. | 0.46% | 376,496 | $5.2M | No change |
| WFC Wells Fargo & Co. | 0.46% | 55,616 | $5.2M | Add +501.6% |
| SCCO Southern Copper Corp. | 0.43% | 33,552 | $4.8M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 9,537 | $4.8M | Reduce -0.1% |
| ORCL Oracle Corp. | 0.41% | 23,994 | $4.7M | Reduce -80.6% |
| GE General Electric filed as GE AEROSPACE | 0.38% | 13,809 | $4.3M | New |
| RTX RTX Corp. | 0.36% | 22,122 | $4.1M | New |
| CAT Caterpillar Inc. | 0.34% | 6,785 | $3.9M | New |
| AAPL Apple Inc. | 0.30% | 12,268 | $3.3M | Add +0.0% |
| WMT Walmart Inc. | 0.29% | 29,117 | $3.2M | Reduce -0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 48,556 | $2.7M | Add +340.9% |
| CRM Salesforce Inc. | 0.22% | 9,183 | $2.4M | No change |
| GEV GE Vernova Inc. | 0.20% | 3,452 | $2.3M | New |
| FISV Fiserv Inc. | 0.18% | 29,423 | $2.0M | No change |
| V Visa Inc. Class A | 0.17% | 5,571 | $2.0M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.05% | 4,140 | $593K | Reduce -0.3% |
| NFLX Netflix Inc. | 0.05% | 6,230 | $584K | Reduce -83.9% |
| PEP Pepsico Inc. | 0.04% | 3,143 | $451K | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.03% | 5,218 | $365K | Reduce -0.5% |
Portfolio Sells Q3 2025 → Q4 2025
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −7.82 |
| INTC Intel Corp. | Reduce -86.2% | 0.95% | −4.48 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −3.78 |
| META Meta Platforms Inc. Class A | Reduce -74.0% | 1.26% | −3.44 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -50.5% | 2.94% | −2.48 |
| XYZ Block Inc. | Sold out | 0.00% | −2.36 |
| ORCL Oracle Corp. | Reduce -80.6% | 0.41% | −2.27 |
| NVDA Nvidia Corp. | Reduce -36.4% | 5.37% | −1.98 |
| VRT Vertiv Holdings Co. Class A | Reduce -53.6% | 2.61% | −1.95 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −1.13 |
| CYTK Cytokinetics Inc. | Reduce -37.3% | 4.22% | −0.85 |
| AVGO Broadcom Inc. | Reduce -29.7% | 3.28% | −0.59 |
| LIN Linde PLC | Reduce -16.3% | 2.43% | −0.39 |
| NFLX Netflix Inc. | Reduce -83.9% | 0.05% | −0.31 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 0.05% | +0.00 |
| KO The Coca-Cola Co. | Reduce -0.5% | 0.03% | +0.01 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.04% | +0.01 |
| V Visa Inc. Class A | Reduce -0.2% | 0.17% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.43% | +0.05 |
| WMT Walmart Inc. | Reduce -0.1% | 0.29% | +0.06 |
| MRVL Marvell Technology Inc. | Reduce -3.9% | 0.64% | +0.07 |
| WM Waste Management Inc. | Reduce -0.0% | 1.93% | +0.24 |
| WDC Western Digital Corp. | Reduce -33.9% | 3.48% | +0.29 |
| AMAT Applied Materials Inc. | Reduce -4.3% | 1.76% | +0.49 |
| AXSM Axsome Therapeutics Inc. | Reduce -14.6% | 4.52% | +1.46 |
| ABVX Abivax SA-ADR | Reduce -5.4% | 8.28% | +3.48 |
Portfolio Buys Q3 2025 → Q4 2025
| MU Micron Technology Inc. | New | 6.12% | +6.12 |
| GOOG Alphabet Inc. Class C | Add +23.4% | 12.02% | +5.43 |
| PTGX Protagonist Therapeutics Inc. | New | 4.43% | +4.43 |
| AMZN Amazon.com Inc. | Add +53.6% | 7.48% | +3.44 |
| MSFT Microsoft Corp. | Add +104.2% | 4.04% | +2.19 |
| MLYS Mineralys Therapeutics Inc. | New | 2.12% | +2.12 |
| AMD Advanced Micro Devices | Add +69.1% | 0.96% | +0.59 |
| SNOW Snowflake Inc. | Add +0.3% | 4.00% | +0.43 |
| JPM JPMorgan Chase & Co. | Add +314.6% | 0.52% | +0.41 |
| WFC Wells Fargo & Co. | Add +501.6% | 0.46% | +0.40 |
| GE General Electric | New | 0.38% | +0.38 |
| RTX RTX Corp. | New | 0.36% | +0.36 |
| CAT Caterpillar Inc. | New | 0.34% | +0.34 |
| GEV GE Vernova Inc. | New | 0.20% | +0.20 |
| BAC Bank of America Corp. | Add +340.9% | 0.24% | +0.19 |
| SCCO Southern Copper Corp. | Add +0.8% | 0.43% | +0.12 |
| AAPL Apple Inc. | Add +0.0% | 0.30% | +0.05 |
| NKTR Nektar Therapeutics | Add +22.3% | 0.71% | +0.03 |
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 |