PKO Investment Management Joint-Stock Co
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed March 13, 2025), PKO Investment Management Joint-Stock Co reported 156 stock positions worth $803.5 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 25.7% of the portfolio, followed by Invesco Nasdaq 100 ETF (QQQM, 5.8%) and Dirx Nasdaq-100EQ Wi ETF-Usd (QQQE, 4.7%). Compared with Q3 2024, it opened 9 new positions, sold out of 9, added to 39 and reduced 60. The biggest buy was a new position in Dirx Nasdaq-100EQ Wi ETF-Usd (QQQE) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002059321
- Portfolio Value
- $803.5M (Q4 2024)
- SEC Filing
- 0002059321-25-000001 ↗ filed Mar 13, 2025
Holdings Value
Holdings 156 stocks · $803.5M
| IVV iShares Core S&P 500 ETF | 25.68% | 350,531 | $206.4M | Reduce -26.4% |
| QQQM Invesco Nasdaq 100 ETF | 5.76% | 220,000 | $46.3M | No change |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 4.69% | 420,000 | $37.7M | New |
| MSFT Microsoft Corp. | 3.51% | 67,000 | $28.2M | Add +48.9% |
| VOO Vanguard S&P 500 ETF | 3.02% | 45,058 | $24.3M | Add +13.3% |
| NVDA Nvidia Corp. | 2.64% | 158,000 | $21.2M | Add +36.2% |
| AAPL Apple Inc. | 2.59% | 83,000 | $20.8M | Add +40.7% |
| AEM Agnico Eagle Mines Ltd. | 1.79% | 183,478 | $14.4M | Reduce -13.7% |
| GOOGL Alphabet Inc. Class A | 1.77% | 75,000 | $14.2M | Add +7.1% |
| NEM Newmont Corp. | 1.75% | 377,853 | $14.1M | Add +13.5% |
| AMD Advanced Micro Devices | 1.64% | 109,000 | $13.2M | Add +230.3% |
| B Barrick Gold Corp. | 1.52% | 785,221 | $12.2M | Reduce -1.4% |
| WPM Wheaton Precious Metals Corp. | 1.45% | 207,391 | $11.7M | Reduce -5.0% |
| AVGO Broadcom Inc. | 1.36% | 47,000 | $10.9M | Reduce -11.3% |
| TSLA Tesla Inc. | 1.35% | 26,800 | $10.8M | Reduce -27.2% |
| AMZN Amazon.com Inc. | 1.15% | 42,000 | $9.2M | No change |
| XOM Exxon Mobil Corp. | 1.14% | 85,432 | $9.2M | Reduce -12.8% |
| REGN Regeneron Pharmaceuticals | 0.96% | 10,800 | $7.7M | Add +1250.0% |
| CVX Chevron Corp. | 0.95% | 52,873 | $7.7M | Reduce -23.6% |
| LRCX Lam Research Corp. | 0.90% | 100,000 | $7.2M | Add +66.7% |
| FNV Franco-Nevada Corp. | 0.89% | 60,664 | $7.1M | Reduce -10.5% |
| ADBE Adobe Inc. | 0.89% | 16,000 | $7.1M | Add +100.0% |
| AMAT Applied Materials Inc. | 0.85% | 42,000 | $6.8M | Add +211.1% |
| QCOM Qualcomm Inc. | 0.84% | 44,000 | $6.8M | Add +83.3% |
| META Meta Platforms Inc. Class A | 0.80% | 11,000 | $6.4M | No change |
| UNH Unitedhealth Group Inc. | 0.76% | 12,089 | $6.1M | Add +24.8% |
| MU Micron Technology Inc. | 0.75% | 72,000 | $6.1M | Add +157.1% |
| IWM iShares Russell 2000 ETF | 0.74% | 27,000 | $6.0M | New |
| LLY Eli Lilly & Co. | 0.72% | 7,500 | $5.8M | Add +4.2% |
| AMGN Amgen Inc. | 0.71% | 21,800 | $5.7M | Add +137.0% |
| KGC Kinross Gold Corp. | 0.67% | 581,006 | $5.4M | Reduce -1.4% |
| KLAC KLA Corp. | 0.67% | 8,500 | $5.4M | Add +325.0% |
| GFI Gold Fields Ltd.-Spons ADR | 0.67% | 404,996 | $5.3M | Add +0.8% |
| MELI MercadoLibre Inc. | 0.63% | 3,000 | $5.1M | New |
| EEM iShares MSCI Emerging Market | 0.58% | 112,313 | $4.7M | Reduce -13.5% |
| IJR iShares Core S&P Small-Cap E | 0.57% | 39,786 | $4.6M | Reduce -79.0% |
| MRK Merck & Co. Inc. | 0.53% | 42,676 | $4.2M | Add +23.1% |
| COP Conocophillips | 0.52% | 42,119 | $4.2M | Reduce -2.7% |
| BHP BHP Group Ltd.-Spon ADR | 0.51% | 83,308 | $4.1M | Reduce -15.3% |
| URTH iShares MSCI World ETF | 0.48% | 24,800 | $3.9M | No change |
| ON On Semiconductor | 0.47% | 60,000 | $3.8M | Add +100.0% |
| TXN Texas Instruments Inc. | 0.47% | 20,000 | $3.8M | New |
| RGLD Royal Gold Inc. | 0.47% | 28,400 | $3.7M | Reduce -1.7% |
| DXCM Dexcom Inc. | 0.46% | 48,000 | $3.7M | Reduce -49.5% |
| MAR Marriott International Class A | 0.46% | 13,300 | $3.7M | Reduce -16.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.46% | 15,000 | $3.7M | No change |
| COST Costco Wholesale Corp. | 0.46% | 4,000 | $3.7M | New |
| JNJ Johnson & Johnson | 0.43% | 24,000 | $3.5M | Add +20.0% |
| CLH Clean Harbors Inc. | 0.43% | 15,000 | $3.5M | No change |
| PAAS Pan American Silver Corp. | 0.42% | 166,266 | $3.4M | Reduce -15.3% |
| AGI Alamos Gold Inc. Class A | 0.41% | 180,500 | $3.3M | Reduce -6.2% |
| IEMG iShares Core MSCI Emerging | 0.41% | 63,013 | $3.3M | Add +15.1% |
| CI The Cigna Group | 0.38% | 11,200 | $3.1M | Add +45.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.38% | 7,600 | $3.1M | Add +322.2% |
| PYPL PayPal Holdings Inc. | 0.32% | 30,000 | $2.6M | Reduce -50.0% |
| CNQ Canadian Natural Resources | 0.31% | 79,400 | $2.5M | No change |
| HMY Harmony Gold MNG-Spon ADR | 0.31% | 298,700 | $2.5M | Reduce -9.1% |
| DHR Danaher Corp. | 0.30% | 10,500 | $2.4M | Add +75.0% |
| ABBV Abbvie Inc. | 0.30% | 13,500 | $2.4M | Add +14.4% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 4,600 | $2.4M | Add +48.4% |
| RSG Republic Services Inc. | 0.29% | 11,747 | $2.4M | No change |
| CCL Carnival Corp. | 0.28% | 90,000 | $2.2M | No change |
| INTU Intuit Inc. | 0.27% | 3,500 | $2.2M | No change |
| ADI Analog Devices Inc. | 0.26% | 10,000 | $2.1M | New |
| EOG EOG Resources Inc. | 0.26% | 17,300 | $2.1M | Reduce -12.2% |
| PFE Pfizer Inc. | 0.26% | 79,000 | $2.1M | Reduce -19.0% |
| CVS CVS Health Corp. | 0.25% | 45,300 | $2.0M | Add +12.4% |
| SNOW Snowflake Inc. | 0.25% | 13,000 | $2.0M | Reduce -58.1% |
| WCN Waste Connections Inc. | 0.24% | 11,448 | $2.0M | No change |
| ABT Abbott Laboratories | 0.24% | 17,000 | $1.9M | Add +30.8% |
| LULU Lululemon Athletica Inc. | 0.24% | 5,000 | $1.9M | Reduce -61.5% |
| FCX Freeport-McMoran Inc. | 0.24% | 50,100 | $1.9M | Reduce -6.7% |
| INTC Intel Corp. | 0.23% | 93,000 | $1.9M | Reduce -39.2% |
| MBLY Mobileye Global Inc. Class A | 0.22% | 90,000 | $1.8M | Reduce -67.9% |
| NFLX Netflix Inc. | 0.22% | 2,000 | $1.8M | Reduce -50.0% |
| CSCO Cisco Systems Inc. | 0.22% | 30,000 | $1.8M | Reduce -40.0% |
| ELV Elevance Health Inc. | 0.22% | 4,800 | $1.8M | Add +128.6% |
| BDX Becton Dickinson and Co. | 0.21% | 7,500 | $1.7M | No change |
| ISRG Intuitive Surgical Inc. | 0.19% | 3,000 | $1.6M | Add +50.0% |
| BTG B2GOLD Corp. | 0.19% | 619,000 | $1.5M | Reduce -10.2% |
| SU Suncor Energy Inc. | 0.19% | 42,000 | $1.5M | No change |
| LVS Las Vegas Sands Corp. | 0.19% | 29,000 | $1.5M | Reduce -19.4% |
| EA Electronic Arts Inc. | 0.18% | 10,000 | $1.5M | New |
| PANW Palo Alto Networks Inc. | 0.18% | 8,000 | $1.5M | No change |
| HL Hecla Mining Co. | 0.18% | 295,500 | $1.5M | Reduce -7.2% |
| OR Osisko Gold Royalties Ltd. | 0.18% | 77,800 | $1.4M | Reduce -20.4% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 0.17% | 121,942 | $1.4M | Reduce -3.9% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.17% | 18,500 | $1.4M | Reduce -17.8% |
| WM Waste Management Inc. | 0.16% | 6,412 | $1.3M | No change |
| CTVA Corteva Inc. | 0.16% | 22,498 | $1.3M | Reduce -19.9% |
| EGO Eldorado Gold Corp. | 0.16% | 86,000 | $1.3M | Reduce -22.5% |
| IAG Iamgold Corp. | 0.15% | 240,000 | $1.2M | Reduce -20.0% |
| HES Hess Corp. | 0.15% | 9,095 | $1.2M | Reduce -9.9% |
| BIIB Biogen Inc. | 0.15% | 7,800 | $1.2M | Add +20.0% |
| SAND Sandstorm Gold Ltd. | 0.15% | 210,400 | $1.2M | No change |
| XYL Xylem Inc. | 0.14% | 10,000 | $1.2M | No change |
| IDXX Idexx Laboratories Inc. | 0.14% | 2,800 | $1.2M | Add +300.0% |
| OXY Occidental Petroleum Corp. | 0.14% | 23,150 | $1.1M | No change |
| AWK American Water Works Co. Inc. | 0.14% | 9,022 | $1.1M | No change |
| WSM Williams-Sonoma Inc. | 0.14% | 6,000 | $1.1M | Reduce -40.0% |
Portfolio Sells Q3 2024 → Q4 2024
| IVV iShares Core S&P 500 ETF | Reduce -26.4% | 25.68% | −8.20 |
| IJR iShares Core S&P Small-Cap E | Reduce -79.0% | 0.57% | −2.16 |
| B Barrick Gold Corp. | Reduce -1.4% | 1.52% | −0.44 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.38 |
| AEM Agnico Eagle Mines Ltd. | Reduce -13.7% | 1.79% | −0.32 |
| DXCM Dexcom Inc. | Reduce -49.5% | 0.46% | −0.32 |
| CVX Chevron Corp. | Reduce -23.6% | 0.95% | −0.30 |
| XOM Exxon Mobil Corp. | Reduce -12.8% | 1.14% | −0.27 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.27 |
| PYPL PayPal Holdings Inc. | Reduce -50.0% | 0.32% | −0.26 |
| MBLY Mobileye Global Inc. Class A | Reduce -67.9% | 0.22% | −0.25 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -15.3% | 0.51% | −0.25 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.24 |
| INTC Intel Corp. | Reduce -39.2% | 0.23% | −0.21 |
| LULU Lululemon Athletica Inc. | Reduce -61.5% | 0.24% | −0.20 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.20 |
| WPM Wheaton Precious Metals Corp. | Reduce -5.0% | 1.45% | −0.19 |
| SNOW Snowflake Inc. | Reduce -58.1% | 0.25% | −0.19 |
| FNV Franco-Nevada Corp. | Reduce -10.5% | 0.89% | −0.15 |
| EEM iShares MSCI Emerging Market | Reduce -13.5% | 0.58% | −0.15 |
| NFLX Netflix Inc. | Reduce -50.0% | 0.22% | −0.13 |
| CRL Charles River Laboratories | Sold out | 0.00% | −0.12 |
| CSCO Cisco Systems Inc. | Reduce -40.0% | 0.22% | −0.11 |
| HMY Harmony Gold MNG-Spon ADR | Reduce -9.1% | 0.31% | −0.11 |
| EL Estee Lauder Companies Class A | Reduce -17.8% | 0.17% | −0.10 |
| FCX Freeport-McMoran Inc. | Reduce -6.7% | 0.24% | −0.09 |
| PFE Pfizer Inc. | Reduce -19.0% | 0.26% | −0.09 |
| PAAS Pan American Silver Corp. | Reduce -15.3% | 0.42% | −0.09 |
| TECK Teck Resources Ltd.-CLS B | Reduce -45.8% | 0.06% | −0.08 |
| HL Hecla Mining Co. | Reduce -7.2% | 0.18% | −0.08 |
| EGO Eldorado Gold Corp. | Reduce -22.5% | 0.16% | −0.08 |
| BTG B2GOLD Corp. | Reduce -10.2% | 0.19% | −0.07 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.07 |
| AGI Alamos Gold Inc. Class A | Reduce -6.2% | 0.41% | −0.06 |
| DRD Drdgold Ltd.-Sponsored ADR | Reduce -44.0% | 0.05% | −0.05 |
| WSM Williams-Sonoma Inc. | Reduce -40.0% | 0.14% | −0.05 |
| INCY Incyte Corp. | Sold out | 0.00% | −0.05 |
| OR Osisko Gold Royalties Ltd. | Reduce -20.4% | 0.18% | −0.05 |
| CTVA Corteva Inc. | Reduce -19.9% | 0.16% | −0.04 |
| SGI Somnigroup International Inc. | Reduce -41.2% | 0.07% | −0.04 |
| COP Conocophillips | Reduce -2.7% | 0.52% | −0.04 |
| BVN Cia DE Minas Buenaventur-ADR | Reduce -3.9% | 0.17% | −0.04 |
| EW Edwards Lifesciences Corp. | Reduce -42.9% | 0.07% | −0.04 |
| IAG Iamgold Corp. | Reduce -20.0% | 0.15% | −0.04 |
| LVS Las Vegas Sands Corp. | Reduce -19.4% | 0.19% | −0.04 |
| PVH PVH Corp. | Reduce -54.5% | 0.03% | −0.04 |
| EOG EOG Resources Inc. | Reduce -12.2% | 0.26% | −0.03 |
| CDE Coeur Mining Inc. | Reduce -5.0% | 0.14% | −0.03 |
| RGLD Royal Gold Inc. | Reduce -1.7% | 0.47% | −0.03 |
| MAG Mag Silver Corp. | Reduce -27.3% | 0.08% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | New | 4.69% | +4.69 |
| MSFT Microsoft Corp. | Add +48.9% | 3.51% | +1.13 |
| AMD Advanced Micro Devices | Add +230.3% | 1.64% | +0.97 |
| NVDA Nvidia Corp. | Add +36.2% | 2.64% | +0.90 |
| AAPL Apple Inc. | Add +40.7% | 2.59% | +0.89 |
| REGN Regeneron Pharmaceuticals | Add +1250.0% | 0.96% | +0.85 |
| IWM iShares Russell 2000 ETF | New | 0.74% | +0.74 |
| MELI MercadoLibre Inc. | New | 0.63% | +0.63 |
| AMAT Applied Materials Inc. | Add +211.1% | 0.85% | +0.51 |
| KLAC KLA Corp. | Add +325.0% | 0.67% | +0.48 |
| TXN Texas Instruments Inc. | New | 0.47% | +0.47 |
| COST Costco Wholesale Corp. | New | 0.46% | +0.46 |
| VOO Vanguard S&P 500 ETF | Add +13.3% | 3.02% | +0.43 |
| MU Micron Technology Inc. | Add +157.1% | 0.75% | +0.40 |
| ADBE Adobe Inc. | Add +100.0% | 0.89% | +0.37 |
| AMGN Amgen Inc. | Add +137.0% | 0.71% | +0.34 |
| QCOM Qualcomm Inc. | Add +83.3% | 0.84% | +0.34 |
| GOOGL Alphabet Inc. Class A | Add +7.1% | 1.77% | +0.34 |
| LRCX Lam Research Corp. | Add +66.7% | 0.90% | +0.30 |
| VRTX Vertex Pharmaceuticals Inc. | Add +322.2% | 0.38% | +0.28 |
| ADI Analog Devices Inc. | New | 0.26% | +0.26 |
| ON On Semiconductor | Add +100.0% | 0.47% | +0.20 |
| EA Electronic Arts Inc. | New | 0.18% | +0.18 |
| IDXX Idexx Laboratories Inc. | Add +300.0% | 0.14% | +0.10 |
| DHR Danaher Corp. | Add +75.0% | 0.30% | +0.09 |
| ELV Elevance Health Inc. | Add +128.6% | 0.22% | +0.09 |
| VKTX Viking Therapeutics Inc. | New | 0.08% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +50.0% | 0.19% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +24.8% | 0.76% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +48.4% | 0.30% | +0.06 |
| BSX Boston Scientific Corp. | Add +100.0% | 0.11% | +0.06 |
| ABT Abbott Laboratories | Add +30.8% | 0.24% | +0.06 |
| CI The Cigna Group | Add +45.5% | 0.38% | +0.06 |
| ZTS Zoetis Inc. | Add +100.0% | 0.12% | +0.05 |
| SYK Stryker Corp. | Add +50.0% | 0.13% | +0.05 |
| MRK Merck & Co. Inc. | Add +23.1% | 0.53% | +0.04 |
| BF.B Brown-Forman Corp. Class B | New | 0.04% | +0.04 |
| A Agilent Technologies Inc. | Add +200.0% | 0.06% | +0.04 |
| GILD Gilead Sciences Inc. | Add +100.0% | 0.07% | +0.04 |
| JNJ Johnson & Johnson | Add +20.0% | 0.43% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +15.1% | 0.41% | +0.02 |
| IQV Iqvia Holdings Inc. | Add +66.7% | 0.06% | +0.02 |
| ABBV Abbvie Inc. | Add +14.4% | 0.30% | +0.01 |
| BIIB Biogen Inc. | Add +20.0% | 0.15% | −0.01 |
| CVS CVS Health Corp. | Add +12.4% | 0.25% | −0.06 |
| LLY Eli Lilly & Co. | Add +4.2% | 0.72% | −0.07 |
| GFI Gold Fields Ltd.-Spons ADR | Add +0.8% | 0.67% | −0.10 |
| NEM Newmont Corp. | Add +13.5% | 1.75% | −0.44 |
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 |