PKO Investment Management Joint-Stock Co
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed March 13, 2025), PKO Investment Management Joint-Stock Co reported 159 stock positions worth $840.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 36.3% of the portfolio, followed by Invesco Nasdaq 100 ETF (QQQM, 4.8%) and Apple (AAPL, 2.8%). Compared with Q4 2023, it opened 21 new positions, sold out of 5, added to 30 and reduced 60. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +2%) and the biggest sale iShares MSCI Emerging Market (EEM, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002059321
- Portfolio Value
- $840.6M (Q1 2024)
- SEC Filing
- 0002059321-25-000016 ↗ filed Mar 13, 2025
Holdings Value
Holdings 159 stocks · $840.6M
| IVV iShares Core S&P 500 ETF | 36.31% | 577,702 | $305.2M | Add +1.9% |
| QQQM Invesco Nasdaq 100 ETF | 4.80% | 220,000 | $40.4M | No change |
| AAPL Apple Inc. | 2.77% | 135,000 | $23.3M | Add +9.8% |
| VOO Vanguard S&P 500 ETF | 2.12% | 36,870 | $17.8M | Reduce -2.0% |
| B Barrick Gold Corp. | 1.97% | 995,221 | $16.6M | Add +7.8% |
| AEM Agnico Eagle Mines Ltd. | 1.89% | 266,078 | $15.9M | Reduce -7.0% |
| MSFT Microsoft Corp. | 1.81% | 36,000 | $15.2M | Reduce -36.8% |
| NEM Newmont Corp. | 1.81% | 421,907 | $15.2M | Add +30.3% |
| NVDA Nvidia Corp. | 1.51% | 14,000 | $12.7M | Reduce -22.2% |
| TSLA Tesla Inc. | 1.44% | 68,600 | $12.1M | Add +49.1% |
| XOM Exxon Mobil Corp. | 1.43% | 102,997 | $12.0M | Reduce -18.3% |
| AMZN Amazon.com Inc. | 1.43% | 66,240 | $12.0M | Reduce -19.2% |
| FNV Franco-Nevada Corp. | 1.35% | 95,564 | $11.4M | Reduce -18.7% |
| CVX Chevron Corp. | 1.35% | 71,373 | $11.3M | Reduce -9.5% |
| WPM Wheaton Precious Metals Corp. | 1.06% | 189,391 | $8.9M | Add +8.5% |
| GOOGL Alphabet Inc. Class A | 0.99% | 55,000 | $8.3M | Reduce -45.0% |
| GFI Gold Fields Ltd.-Spons ADR | 0.88% | 460,996 | $7.4M | No change |
| AVGO Broadcom Inc. | 0.79% | 5,000 | $6.7M | Add +31.6% |
| UNH Unitedhealth Group Inc. | 0.78% | 13,189 | $6.6M | Add +15.8% |
| KGC Kinross Gold Corp. | 0.69% | 949,006 | $5.8M | No change |
| BHP BHP Group Ltd.-Spon ADR | 0.68% | 99,308 | $5.8M | Reduce -11.3% |
| RGLD Royal Gold Inc. | 0.64% | 43,900 | $5.4M | Reduce -10.2% |
| COP Conocophillips | 0.63% | 41,600 | $5.3M | Reduce -22.7% |
| LLY Eli Lilly & Co. | 0.63% | 6,800 | $5.3M | Add +4.6% |
| META Meta Platforms Inc. Class A | 0.58% | 10,000 | $4.9M | No change |
| NKE Nike Inc. Class B | 0.57% | 51,000 | $4.8M | Add +4.1% |
| JNJ Johnson & Johnson | 0.57% | 30,000 | $4.8M | Reduce -3.2% |
| INTC Intel Corp. | 0.55% | 105,000 | $4.7M | New |
| ADBE Adobe Inc. | 0.54% | 9,000 | $4.6M | Add +50.0% |
| MAR Marriott International Class A | 0.53% | 17,500 | $4.4M | Reduce -20.4% |
| EEM iShares MSCI Emerging Market | 0.52% | 104,869 | $4.3M | Reduce -80.5% |
| TXN Texas Instruments Inc. | 0.50% | 24,000 | $4.2M | Reduce -20.0% |
| PYPL PayPal Holdings Inc. | 0.48% | 60,000 | $4.0M | No change |
| INTU Intuit Inc. | 0.48% | 6,156 | $4.0M | New |
| AMD Advanced Micro Devices | 0.47% | 22,000 | $4.0M | Reduce -12.0% |
| AGI Alamos Gold Inc. Class A | 0.47% | 269,500 | $4.0M | No change |
| HLT Hilton Worldwide Holdings Inc. | 0.47% | 18,500 | $4.0M | Reduce -11.9% |
| LRCX Lam Research Corp. | 0.47% | 4,050 | $4.0M | New |
| LULU Lululemon Athletica Inc. | 0.47% | 10,000 | $3.9M | Add +8.7% |
| MRK Merck & Co. Inc. | 0.45% | 28,676 | $3.8M | Reduce -12.2% |
| URTH iShares MSCI World ETF | 0.43% | 24,800 | $3.6M | No change |
| SNOW Snowflake Inc. | 0.42% | 22,000 | $3.6M | New |
| PAAS Pan American Silver Corp. | 0.42% | 232,666 | $3.5M | No change |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.41% | 22,500 | $3.5M | Reduce -27.4% |
| WM Waste Management Inc. | 0.41% | 15,912 | $3.4M | Add +148.2% |
| AMGN Amgen Inc. | 0.40% | 11,800 | $3.4M | Add +24.2% |
| CNQ Canadian Natural Resources | 0.38% | 42,200 | $3.2M | No change |
| IEMG iShares Core MSCI Emerging | 0.37% | 59,348 | $3.1M | Reduce -11.0% |
| CLH Clean Harbors Inc. | 0.36% | 15,000 | $3.0M | Reduce -18.6% |
| HMY Harmony Gold MNG-Spon ADR | 0.36% | 364,700 | $3.0M | No change |
| PFE Pfizer Inc. | 0.35% | 104,484 | $2.9M | Reduce -16.7% |
| CRM Salesforce Inc. | 0.35% | 9,590 | $2.9M | Add +59.8% |
| CVS CVS Health Corp. | 0.34% | 35,300 | $2.8M | Reduce -7.8% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 0.34% | 176,942 | $2.8M | No change |
| ELV Elevance Health Inc. | 0.33% | 5,371 | $2.8M | Add +79.0% |
| SYK Stryker Corp. | 0.33% | 7,768 | $2.8M | Add +121.9% |
| EOG EOG Resources Inc. | 0.33% | 21,700 | $2.8M | No change |
| QCOM Qualcomm Inc. | 0.32% | 16,000 | $2.7M | Reduce -20.0% |
| FCX Freeport-McMoran Inc. | 0.32% | 56,100 | $2.7M | Reduce -15.8% |
| CI The Cigna Group | 0.31% | 7,100 | $2.6M | Reduce -30.4% |
| TTWO Take-Two Interactive Softwre | 0.30% | 17,000 | $2.5M | New |
| CSCO Cisco Systems Inc. | 0.30% | 50,000 | $2.5M | Add +100.0% |
| PXD Pioneer Natural Resources Co. | 0.30% | 9,450 | $2.5M | No change |
| ABBV Abbvie Inc. | 0.29% | 13,500 | $2.5M | No change |
| NFLX Netflix Inc. | 0.29% | 4,000 | $2.4M | No change |
| DECK Deckers Outdoor Corp. | 0.28% | 2,500 | $2.4M | Reduce -16.7% |
| RSG Republic Services Inc. | 0.27% | 11,747 | $2.3M | No change |
| COST Costco Wholesale Corp. | 0.26% | 3,000 | $2.2M | New |
| BTG B2GOLD Corp. | 0.26% | 839,000 | $2.2M | No change |
| WSM Williams-Sonoma Inc. | 0.25% | 6,700 | $2.1M | Add +34.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.25% | 5,000 | $2.1M | No change |
| CTVA Corteva Inc. | 0.25% | 36,198 | $2.1M | Reduce -13.2% |
| EQX Equinox Gold Corp. | 0.25% | 346,887 | $2.1M | No change |
| AMAT Applied Materials Inc. | 0.25% | 10,000 | $2.1M | New |
| HL Hecla Mining Co. | 0.25% | 428,500 | $2.1M | No change |
| OR Osisko Gold Royalties Ltd. | 0.24% | 122,800 | $2.0M | No change |
| AXP American Express Co. | 0.24% | 8,753 | $2.0M | New |
| PANW Palo Alto Networks Inc. | 0.24% | 7,000 | $2.0M | New |
| ADI Analog Devices Inc. | 0.24% | 10,000 | $2.0M | New |
| WCN Waste Connections Inc. | 0.23% | 11,448 | $2.0M | No change |
| NOC Northrop Grumman Corp. | 0.23% | 4,057 | $2.0M | New |
| OXY Occidental Petroleum Corp. | 0.23% | 29,850 | $1.9M | No change |
| NEE Nextera Energy Inc. | 0.23% | 29,599 | $1.9M | New |
| LVS Las Vegas Sands Corp. | 0.22% | 36,000 | $1.9M | Reduce -28.0% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 3,200 | $1.9M | Reduce -28.9% |
| BDX Becton Dickinson and Co. | 0.22% | 7,500 | $1.9M | Add +66.7% |
| MA Mastercard Inc. Class A | 0.22% | 3,825 | $1.9M | Reduce -23.5% |
| ECL Ecolab Inc. | 0.22% | 7,971 | $1.8M | New |
| BKR Baker Hughes Co. | 0.22% | 54,555 | $1.8M | New |
| EMR Emerson Electric Co. | 0.22% | 16,026 | $1.8M | New |
| CCL Carnival Corp. | 0.21% | 110,000 | $1.8M | Add +10.0% |
| SU Suncor Energy Inc. | 0.21% | 48,790 | $1.8M | Reduce -13.3% |
| MU Micron Technology Inc. | 0.21% | 15,000 | $1.8M | Reduce -25.0% |
| ABT Abbott Laboratories | 0.20% | 15,000 | $1.7M | Reduce -11.8% |
| TOL Toll Brothers Inc. | 0.20% | 13,000 | $1.7M | No change |
| DHR Danaher Corp. | 0.19% | 6,500 | $1.6M | Reduce -11.0% |
| EGO Eldorado Gold Corp. | 0.19% | 111,000 | $1.6M | No change |
| HES Hess Corp. | 0.18% | 10,095 | $1.5M | Reduce -9.0% |
| IJR iShares Core S&P Small-Cap E | 0.18% | 13,500 | $1.5M | Reduce -90.8% |
| WDS Woodside Energy Group-ADR | 0.18% | 74,000 | $1.5M | No change |
Portfolio Sells Q4 2023 → Q1 2024
| EEM iShares MSCI Emerging Market | Reduce -80.5% | 0.52% | −2.19 |
| IJR iShares Core S&P Small-Cap E | Reduce -90.8% | 0.18% | −1.80 |
| MSFT Microsoft Corp. | Reduce -36.8% | 1.81% | −0.87 |
| GOOGL Alphabet Inc. Class A | Reduce -45.0% | 0.99% | −0.75 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.33 |
| MRNA Moderna Inc. | Reduce -87.0% | 0.04% | −0.29 |
| FNV Franco-Nevada Corp. | Reduce -18.7% | 1.35% | −0.27 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -11.3% | 0.68% | −0.27 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.24 |
| ISRG Intuitive Surgical Inc. | Reduce -62.5% | 0.14% | −0.19 |
| EL Estee Lauder Companies Class A | Reduce -27.4% | 0.41% | −0.15 |
| COP Conocophillips | Reduce -22.7% | 0.63% | −0.15 |
| SSRM SSR Mining Inc. | Reduce -9.5% | 0.08% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -18.3% | 1.43% | −0.14 |
| TXN Texas Instruments Inc. | Reduce -20.0% | 0.50% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -19.2% | 1.43% | −0.13 |
| CVX Chevron Corp. | Reduce -9.5% | 1.35% | −0.12 |
| EW Edwards Lifesciences Corp. | Reduce -83.3% | 0.03% | −0.11 |
| FSM Fortuna Silver Mines Inc. | Sold out | 0.00% | −0.11 |
| PFE Pfizer Inc. | Reduce -16.7% | 0.35% | −0.10 |
| RGLD Royal Gold Inc. | Reduce -10.2% | 0.64% | −0.10 |
| MAR Marriott International Class A | Reduce -20.4% | 0.53% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Reduce -41.2% | 0.13% | −0.09 |
| LVS Las Vegas Sands Corp. | Reduce -28.0% | 0.22% | −0.09 |
| RL Ralph Lauren Corp. | Reduce -62.5% | 0.07% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -28.9% | 0.22% | −0.08 |
| AEM Agnico Eagle Mines Ltd. | Reduce -7.0% | 1.89% | −0.07 |
| CI The Cigna Group | Reduce -30.4% | 0.31% | −0.07 |
| XYL Xylem Inc. | Reduce -33.4% | 0.15% | −0.06 |
| CF CF Industries Holdings Inc. | Reduce -79.7% | 0.01% | −0.06 |
| NXE Nexgen Energy Ltd. | Reduce -45.0% | 0.08% | −0.06 |
| IEMG iShares Core MSCI Emerging | Reduce -11.0% | 0.37% | −0.06 |
| ADM Archer-Daniels-Midland Co. | Reduce -8.7% | 0.16% | −0.05 |
| NUE Nucor Corp. | Reduce -27.4% | 0.18% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -23.5% | 0.22% | −0.05 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.04 |
| CVS CVS Health Corp. | Reduce -7.8% | 0.34% | −0.04 |
| CLH Clean Harbors Inc. | Reduce -18.6% | 0.36% | −0.04 |
| JNJ Johnson & Johnson | Reduce -3.2% | 0.57% | −0.04 |
| FCX Freeport-McMoran Inc. | Reduce -15.8% | 0.32% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -20.0% | 0.32% | −0.04 |
| BAX Baxter International Inc. | Reduce -50.0% | 0.04% | −0.04 |
| NTR Nutrien Ltd. | Reduce -17.1% | 0.12% | −0.04 |
| ABT Abbott Laboratories | Reduce -11.8% | 0.20% | −0.03 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.03 |
| SGI Somnigroup International Inc. | Reduce -22.7% | 0.12% | −0.02 |
| DAR Darling Ingredients Inc. | Reduce -35.3% | 0.03% | −0.02 |
| BSX Boston Scientific Corp. | Reduce -33.3% | 0.07% | −0.02 |
| MOS The Mosaic Co. | Reduce -23.1% | 0.04% | −0.02 |
| DXCM Dexcom Inc. | Reduce -37.5% | 0.04% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| IVV iShares Core S&P 500 ETF | Add +1.9% | 36.31% | +2.46 |
| INTC Intel Corp. | New | 0.55% | +0.55 |
| INTU Intuit Inc. | New | 0.48% | +0.48 |
| LRCX Lam Research Corp. | New | 0.47% | +0.47 |
| SNOW Snowflake Inc. | New | 0.42% | +0.42 |
| TTWO Take-Two Interactive Softwre | New | 0.30% | +0.30 |
| COST Costco Wholesale Corp. | New | 0.26% | +0.26 |
| AVGO Broadcom Inc. | Add +31.6% | 0.79% | +0.26 |
| WM Waste Management Inc. | Add +148.2% | 0.41% | +0.26 |
| AMAT Applied Materials Inc. | New | 0.25% | +0.25 |
| AXP American Express Co. | New | 0.24% | +0.24 |
| PANW Palo Alto Networks Inc. | New | 0.24% | +0.24 |
| ADI Analog Devices Inc. | New | 0.24% | +0.24 |
| NOC Northrop Grumman Corp. | New | 0.23% | +0.23 |
| NEE Nextera Energy Inc. | New | 0.23% | +0.23 |
| ECL Ecolab Inc. | New | 0.22% | +0.22 |
| BKR Baker Hughes Co. | New | 0.22% | +0.22 |
| EMR Emerson Electric Co. | New | 0.22% | +0.22 |
| SYK Stryker Corp. | Add +121.9% | 0.33% | +0.20 |
| LLY Eli Lilly & Co. | Add +4.6% | 0.63% | +0.16 |
| ELV Elevance Health Inc. | Add +79.0% | 0.33% | +0.16 |
| CRM Salesforce Inc. | Add +59.8% | 0.35% | +0.15 |
| CSCO Cisco Systems Inc. | Add +100.0% | 0.30% | +0.14 |
| NEM Newmont Corp. | Add +30.3% | 1.81% | +0.13 |
| WSM Williams-Sonoma Inc. | Add +34.0% | 0.25% | +0.13 |
| IAG Iamgold Corp. | New | 0.12% | +0.12 |
| ADBE Adobe Inc. | Add +50.0% | 0.54% | +0.10 |
| BDX Becton Dickinson and Co. | Add +66.7% | 0.22% | +0.08 |
| SIG Signet Jewelers Ltd. | New | 0.08% | +0.08 |
| HUM Humana Inc. | Add +140.0% | 0.15% | +0.06 |
| RH RH | New | 0.06% | +0.06 |
| AMGN Amgen Inc. | Add +24.2% | 0.40% | +0.06 |
| OVV Ovintiv Inc. | New | 0.06% | +0.06 |
| EQT Eqt Corp. | New | 0.05% | +0.05 |
| MAG Mag Silver Corp. | Add +154.3% | 0.08% | +0.05 |
| FMC FMC Corp. | Add +110.9% | 0.09% | +0.04 |
| GILD Gilead Sciences Inc. | Add +100.0% | 0.09% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +15.8% | 0.78% | +0.03 |
| CVE Cenovus Energy Inc. | Add +11.0% | 0.13% | +0.03 |
| CLF Cleveland-Cliffs Inc. | New | 0.03% | +0.03 |
| BIIB Biogen Inc. | Add +75.0% | 0.09% | +0.03 |
| BMRN Biomarin Pharmaceutical Inc. | Add +50.0% | 0.09% | +0.02 |
| ZTS Zoetis Inc. | Add +40.0% | 0.14% | +0.02 |
| TSLA Tesla Inc. | Add +49.1% | 1.44% | +0.01 |
| WPM Wheaton Precious Metals Corp. | Add +8.5% | 1.06% | −0.02 |
| CCL Carnival Corp. | Add +10.0% | 0.21% | −0.02 |
| RIVN Rivian Automotive Inc. Class A | Add +45.0% | 0.08% | −0.04 |
| NKE Nike Inc. Class B | Add +4.1% | 0.57% | −0.09 |
| B Barrick Gold Corp. | Add +7.8% | 1.97% | −0.12 |
| LULU Lululemon Athletica Inc. | Add +8.7% | 0.47% | −0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 228 | $1.4B | IVV, NVDA, AAPL, MU, MSFT |
| Q1 2026 | 220 | $1.2B | IVV, NVDA, AAPL, MSFT, AEM |
| Q4 2025 | 218 | $1.3B | IVV, NVDA, MSFT, AAPL, AMZN |
| Q3 2025 | 202 | $1.2B | IVV, NVDA, MSFT, AAPL, AMZN |
| Q2 2025 | 175 | $930.8M | IVV, NVDA, AAPL, MSFT, AMZN |
| Q1 2025 | 174 | $881.7M | IVV, QQQM, MSFT, QQQE, AAPL |
| Q4 2024 | 156 | $803.5M | IVV, QQQM, QQQE, MSFT, VOO |
| Q3 2024 | 156 | $810.8M | IVV, QQQM, IJR, VOO, MSFT |
| Q2 2024 | 164 | $809.5M | IVV, QQQM, VOO, NVDA, NEM |
| Q1 2024 | 159 | $840.6M | IVV, QQQM, AAPL, VOO, B |