PKO Investment Management Joint-Stock Co

Name: PKO Investment Management Joint-Stock Co 13F holdings, Q4 2024
Creator: PKO Investment Management Joint-Stock Co
Published: 2025-03-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

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%
TPR Tapestry Inc.	0.14%	17,000	$1.1M	Reduce -22.7%
CDE Coeur Mining Inc.	0.14%	190,000	$1.1M	Reduce -5.0%
SYK Stryker Corp.	0.13%	3,000	$1.1M	Add +50.0%
TOL Toll Brothers Inc.	0.13%	8,500	$1.1M	No change
NUE Nucor Corp.	0.13%	9,120	$1.1M	No change
WDS Woodside Energy Group-ADR	0.13%	66,000	$1.0M	No change
ZTS Zoetis Inc.	0.12%	6,000	$978K	Add +100.0%
WYNN WYNN Resorts Ltd.	0.12%	11,000	$948K	No change
EQX Equinox Gold Corp.	0.12%	186,887	$942K	No change
RL Ralph Lauren Corp.	0.12%	4,000	$924K	No change
BMY Bristol-Myers Squibb Co.	0.11%	16,000	$905K	Reduce -20.0%
FANG Diamondback Energy Inc.	0.11%	5,500	$901K	No change
NCLH Norwegian Cruise Line Holdin	0.11%	35,000	$901K	No change
BSX Boston Scientific Corp.	0.11%	10,000	$893K	Add +100.0%
HUM Humana Inc.	0.11%	3,500	$888K	No change
NGD New Gold Inc.	0.11%	350,000	$874K	No change
ADM Archer-Daniels-Midland Co.	0.11%	16,900	$854K	No change
CVE Cenovus Energy Inc.	0.10%	55,500	$842K	No change
CGAU Centerra Gold Inc.	0.10%	145,000	$825K	No change
BMRN Biomarin Pharmaceutical Inc.	0.10%	12,000	$789K	No change
DVN Devon Energy Corp.	0.09%	22,661	$742K	No change
AG First Majestic Silver Corp.	0.09%	131,500	$723K	No change
NTR Nutrien Ltd.	0.09%	15,896	$712K	Reduce -22.1%
TPL Texas Pacific Land Corp.	0.09%	630	$697K	No change
SSRM SSR Mining Inc.	0.08%	97,128	$679K	Reduce -36.1%
EQT Eqt Corp.	0.08%	14,700	$678K	Reduce -27.2%
RS Reliance Inc.	0.08%	2,464	$663K	No change
FSM Fortuna Mining Corp.	0.08%	154,377	$663K	No change
MAG Mag Silver Corp.	0.08%	47,918	$651K	Reduce -27.3%
SILV Silvercrest Metals Inc.	0.08%	70,166	$640K	Reduce -22.2%
CTRA Coterra Energy Inc.	0.08%	24,000	$613K	Reduce -17.2%
VKTX Viking Therapeutics Inc.	0.08%	15,000	$604K	New
EW Edwards Lifesciences Corp.	0.07%	8,000	$592K	Reduce -42.9%
RH RH	0.07%	1,500	$590K	No change
NXE Nexgen Energy Ltd.	0.07%	87,000	$574K	Reduce -29.3%
STLD Steel Dynamics Inc.	0.07%	5,000	$570K	No change
SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC	0.07%	10,000	$567K	Reduce -41.2%
SIG Signet Jewelers Ltd.	0.07%	7,000	$565K	No change
GILD Gilead Sciences Inc.	0.07%	6,000	$554K	Add +100.0%
CPRI Capri Holdings Ltd.	0.07%	25,000	$526K	No change
TECK Teck Resources Ltd.-CLS B	0.06%	12,324	$500K	Reduce -45.8%
IQV Iqvia Holdings Inc.	0.06%	2,500	$491K	Add +66.7%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC	0.06%	5,700	$486K	Reduce -14.9%
A Agilent Technologies Inc.	0.06%	3,600	$484K	Add +200.0%
RIVN Rivian Automotive Inc. Class A	0.06%	36,000	$479K	Reduce -20.0%
DRD Drdgold Ltd.-Sponsored ADR	0.05%	50,814	$439K	Reduce -44.0%
OVV Ovintiv Inc.	0.04%	8,500	$344K	Reduce -32.0%
BF.B Brown-Forman Corp. Class B	0.04%	9,000	$342K	New
VEEV Veeva Systems Inc. Class A	0.04%	1,600	$336K	No change
APA Apa Corp.	0.03%	12,000	$277K	No change
MOS The Mosaic Co.	0.03%	11,000	$270K	No change
PVH PVH Corp.	0.03%	2,500	$264K	Reduce -54.5%
MRNA Moderna Inc.	0.03%	6,000	$249K	No change
BAX Baxter International Inc.	0.03%	8,000	$233K	No change
TDOC Teladoc Health Inc.	0.03%	25,000	$227K	Reduce -50.0%
ILMN Illumina Inc.	0.02%	1,500	$200K	No change

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