PKO Investment Management Joint-Stock Co
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 17, 2026), PKO Investment Management Joint-Stock Co reported 220 stock positions worth $1.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.2% of the portfolio, followed by Nvidia (NVDA, 4.8%) and Apple (AAPL, 3.7%). Compared with Q4 2025, it opened 16 new positions, sold out of 14, added to 80 and reduced 82. The biggest buy was Walmart (WMT, shares +723%) and the biggest sale Microsoft (MSFT, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002059321
- Portfolio Value
- $1.2B (Q1 2026)
- SEC Filing
- 0002059321-26-000003 ↗ filed Apr 17, 2026
Holdings Value
Holdings 220 stocks · $1.2B
| IVV iShares Core S&P 500 ETF | 11.15% | 202,841 | $132.5M | Reduce -4.1% |
| NVDA Nvidia Corp. | 4.77% | 325,000 | $56.7M | Reduce -13.3% |
| AAPL Apple Inc. | 3.74% | 175,000 | $44.4M | Reduce -5.9% |
| MSFT Microsoft Corp. | 3.08% | 99,000 | $36.6M | Reduce -11.6% |
| AEM Agnico Eagle Mines Ltd. | 3.03% | 177,680 | $36.0M | Add +5.4% |
| NEM Newmont Corp. | 3.03% | 332,134 | $36.0M | Add +15.3% |
| AMZN Amazon.com Inc. | 2.56% | 146,000 | $30.4M | Reduce -14.1% |
| VOO Vanguard S&P 500 ETF | 2.45% | 48,758 | $29.1M | No change |
| TSLA Tesla Inc. | 2.26% | 72,300 | $26.9M | Add +23.0% |
| B Barrick Mining Corp. | 2.19% | 638,302 | $26.0M | Add +19.3% |
| META Meta Platforms Inc. Class A | 1.97% | 41,000 | $23.5M | Add +2.5% |
| GOOGL Alphabet Inc. Class A | 1.84% | 76,000 | $21.9M | Reduce -2.6% |
| GOOG Alphabet Inc. Class C | 1.64% | 68,000 | $19.5M | Reduce -1.4% |
| AVGO Broadcom Inc. | 1.51% | 58,000 | $18.0M | Reduce -35.6% |
| WPM Wheaton Precious Metals Corp. | 1.47% | 133,400 | $17.5M | Reduce -3.3% |
| FNV Franco-Nevada Corp. | 1.47% | 70,516 | $17.4M | Add +0.9% |
| WMT Walmart Inc. | 1.46% | 140,000 | $17.4M | Add +722.6% |
| XOM Exxon Mobil Corp. | 1.35% | 94,415 | $16.0M | Add +9.1% |
| KGC Kinross Gold Corp. | 1.32% | 514,201 | $15.7M | Add +6.5% |
| MU Micron Technology Inc. | 1.25% | 44,000 | $14.9M | Add +12.8% |
| GFI Gold Fields Ltd.-Spons ADR | 1.17% | 304,961 | $13.8M | Reduce -4.5% |
| NFLX Netflix Inc. | 1.13% | 140,000 | $13.5M | Reduce -26.3% |
| COST Costco Wholesale Corp. | 1.01% | 12,000 | $12.0M | Reduce -36.9% |
| CVX Chevron Corp. | 0.98% | 56,235 | $11.6M | Add +8.8% |
| PLTR Palantir Technologies Inc. Class A | 0.94% | 76,000 | $11.1M | Add +1.3% |
| AMD Advanced Micro Devices | 0.92% | 54,000 | $11.0M | Reduce -5.3% |
| PAAS Pan American Silver Corp. | 0.90% | 196,790 | $10.7M | Reduce -14.7% |
| IEMG iShares Core MSCI Emerging | 0.86% | 146,543 | $10.2M | Add +44.4% |
| CSCO Cisco Systems Inc. | 0.85% | 130,000 | $10.1M | Add +13.0% |
| IWM iShares Russell 2000 ETF | 0.79% | 38,033 | $9.4M | No change |
| LLY Eli Lilly & Co. | 0.78% | 10,100 | $9.3M | Add +1.0% |
| AGI Alamos Gold Inc. Class A | 0.74% | 197,463 | $8.8M | Add +21.9% |
| LRCX Lam Research Corp. | 0.74% | 41,000 | $8.8M | Add +2.5% |
| EEM iShares MSCI Emerging Market | 0.74% | 153,848 | $8.7M | Reduce -2.1% |
| AMAT Applied Materials Inc. | 0.72% | 25,000 | $8.5M | Add +4.2% |
| AMGN Amgen Inc. | 0.67% | 22,600 | $8.0M | Reduce -7.8% |
| ISRG Intuitive Surgical Inc. | 0.64% | 16,500 | $7.6M | Add +15.4% |
| CDE Coeur Mining Inc. | 0.62% | 394,192 | $7.4M | Add +73.3% |
| TMUS T-Mobile US Inc. | 0.62% | 35,000 | $7.4M | Reduce -32.7% |
| INTC Intel Corp. | 0.61% | 165,000 | $7.3M | Add +37.5% |
| RGLD Royal Gold Inc. | 0.58% | 27,067 | $6.9M | Reduce -7.4% |
| BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED | 0.58% | 94,008 | $6.8M | Add +23.4% |
| GILD Gilead Sciences Inc. | 0.57% | 49,000 | $6.8M | Add +25.6% |
| KLAC KLA Corp. | 0.56% | 4,500 | $6.6M | Add +12.5% |
| JNJ Johnson & Johnson | 0.56% | 27,000 | $6.6M | Reduce -3.6% |
| COP Conocophillips | 0.49% | 44,219 | $5.8M | Add +28.5% |
| TXN Texas Instruments Inc. | 0.49% | 30,000 | $5.8M | Reduce -34.8% |
| PEP Pepsico Inc. | 0.46% | 35,000 | $5.4M | Reduce -38.9% |
| ADI Analog Devices Inc. | 0.46% | 17,000 | $5.4M | Add +41.7% |
| MELI MercadoLibre Inc. | 0.44% | 3,000 | $5.2M | Reduce -6.3% |
| MRVL Marvell Technology Inc. | 0.44% | 52,270 | $5.2M | Reduce -12.9% |
| MAR Marriott International Class A | 0.43% | 15,600 | $5.1M | Reduce -4.3% |
| EQX Equinox Gold Corp. | 0.42% | 350,248 | $5.0M | Add +2.3% |
| IJR iShares Core S&P Small-Cap E | 0.42% | 39,786 | $4.9M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.41% | 11,000 | $4.9M | Reduce -1.8% |
| QCOM Qualcomm Inc. | 0.41% | 38,000 | $4.9M | No change |
| AG First Majestic Silver Corp. | 0.40% | 222,706 | $4.8M | Reduce -6.6% |
| SHOP Shopify Inc. Class A | 0.40% | 40,000 | $4.7M | Add +11.1% |
| ABBV Abbvie Inc. | 0.38% | 21,000 | $4.6M | Reduce -8.7% |
| URTH iShares MSCI World ETF | 0.38% | 24,800 | $4.5M | No change |
| REGN Regeneron Pharmaceuticals | 0.37% | 5,750 | $4.4M | Add +18.6% |
| INTU Intuit Inc. | 0.36% | 10,000 | $4.3M | Reduce -16.7% |
| CLH Clean Harbors Inc. | 0.36% | 15,000 | $4.3M | No change |
| HON Honeywell International Inc. | 0.36% | 19,000 | $4.3M | Reduce -29.6% |
| BKNG Booking Holdings Inc. | 0.35% | 1,000 | $4.2M | Reduce -9.1% |
| APP AppLovin Corp. Class A | 0.35% | 10,500 | $4.2M | Add +23.5% |
| PANW Palo Alto Networks Inc. | 0.34% | 25,000 | $4.0M | No change |
| IAG Iamgold Corp. | 0.33% | 211,974 | $4.0M | Reduce -21.5% |
| HL Hecla Mining Co. | 0.32% | 203,914 | $3.8M | Reduce -8.3% |
| UNH Unitedhealth Group Inc. | 0.31% | 13,789 | $3.7M | Reduce -10.4% |
| ADBE Adobe Inc. | 0.31% | 15,000 | $3.6M | Reduce -21.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.30% | 9,000 | $3.5M | No change |
| MRK Merck & Co. Inc. | 0.29% | 29,000 | $3.5M | Reduce -12.1% |
| CEG Constellation Energy | 0.28% | 12,000 | $3.4M | Add +9.1% |
| FCX Freeport-McMoran Inc. | 0.27% | 55,368 | $3.3M | Add +21.7% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 0.27% | 88,544 | $3.2M | Add +0.7% |
| HMY Harmony Gold MNG-Spon ADR | 0.27% | 206,836 | $3.2M | Reduce -8.8% |
| SBUX Starbucks Corp. | 0.26% | 35,000 | $3.1M | Reduce -12.5% |
| ADP Automatic Data Processing | 0.26% | 15,000 | $3.0M | Reduce -40.0% |
| WDC Western Digital Corp. | 0.25% | 11,000 | $3.0M | Add +83.3% |
| EOG EOG Resources Inc. | 0.25% | 20,200 | $2.9M | Add +59.1% |
| HLT Hilton Worldwide Holdings Inc. | 0.24% | 9,500 | $2.9M | Reduce -9.5% |
| EGO Eldorado Gold Corp. | 0.24% | 82,947 | $2.8M | Add +20.2% |
| CNQ Canadian Natural Resources | 0.24% | 57,700 | $2.8M | No change |
| CDNS Cadence Design SYS Inc. | 0.23% | 10,000 | $2.8M | Add +5.3% |
| SU Suncor Energy Inc. | 0.23% | 41,800 | $2.8M | Add +28.6% |
| CVS CVS Health Corp. | 0.22% | 36,300 | $2.6M | Add +4.3% |
| CTVA Corteva Inc. | 0.22% | 30,898 | $2.6M | Add +58.5% |
| SNPS Synopsys Inc. | 0.22% | 6,500 | $2.6M | Reduce -23.5% |
| FANG Diamondback Energy Inc. | 0.22% | 12,950 | $2.6M | Reduce -10.7% |
| PDD PDD Holdings Inc. | 0.21% | 25,000 | $2.6M | No change |
| BTG B2GOLD Corp. | 0.21% | 555,277 | $2.5M | Add +20.7% |
| ORLY O'reilly Automotive Inc. | 0.21% | 27,000 | $2.5M | Reduce -10.0% |
| CI The Cigna Group | 0.20% | 9,100 | $2.4M | Reduce -19.5% |
| SSRM SSR Mining Inc. | 0.20% | 81,932 | $2.4M | Add +13.6% |
| TTWO Take-Two Interactive Softwre | 0.20% | 12,000 | $2.4M | Add +100.0% |
| OR Or Royalties Inc. | 0.20% | 62,344 | $2.4M | Reduce -3.8% |
| TMO Thermo Fisher Scientific Inc. | 0.19% | 4,700 | $2.3M | Reduce -2.1% |
| ABT Abbott Laboratories | 0.19% | 22,500 | $2.3M | Reduce -6.3% |
| RSG Republic Services Inc. | 0.19% | 10,500 | $2.3M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -11.6% | 3.08% | −1.24 |
| AVGO Broadcom Inc. | Reduce -35.6% | 1.51% | −0.97 |
| NVDA Nvidia Corp. | Reduce -13.3% | 4.77% | −0.81 |
| AMZN Amazon.com Inc. | Reduce -14.1% | 2.56% | −0.57 |
| IVV iShares Core S&P 500 ETF | Reduce -4.1% | 11.15% | −0.41 |
| COST Costco Wholesale Corp. | Reduce -36.9% | 1.01% | −0.30 |
| AAPL Apple Inc. | Reduce -5.9% | 3.74% | −0.30 |
| NFLX Netflix Inc. | Reduce -26.3% | 1.13% | −0.29 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.28 |
| INTU Intuit Inc. | Reduce -16.7% | 0.36% | −0.27 |
| MDLZ Mondelez International Inc. Class A | Reduce -64.4% | 0.17% | −0.26 |
| ADP Automatic Data Processing | Reduce -40.0% | 0.26% | −0.26 |
| TMUS T-Mobile US Inc. | Reduce -32.7% | 0.62% | −0.22 |
| ADBE Adobe Inc. | Reduce -21.1% | 0.31% | −0.22 |
| ROP Roper Technologies Inc. | Reduce -50.0% | 0.15% | −0.21 |
| PYPL PayPal Holdings Inc. | Reduce -66.7% | 0.08% | −0.20 |
| PEP Pepsico Inc. | Reduce -38.9% | 0.46% | −0.20 |
| DXCM Dexcom Inc. | Reduce -63.1% | 0.11% | −0.18 |
| TEAM Atlassian Corp. Class A | Reduce -47.1% | 0.05% | −0.17 |
| MSTR Strategy Inc. | Reduce -72.2% | 0.05% | −0.17 |
| ARM Arm Holdings PLC-ADR | Reduce -80.0% | 0.06% | −0.15 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.15 |
| PM Philip Morris International | Sold out | 0.00% | −0.15 |
| TXN Texas Instruments Inc. | Reduce -34.8% | 0.49% | −0.15 |
| CTAS Cintas Corp. | Reduce -45.0% | 0.16% | −0.14 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.14 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.14 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.14 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.14 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.14 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.12 |
| BKNG Booking Holdings Inc. | Reduce -9.1% | 0.35% | −0.12 |
| GOOGL Alphabet Inc. Class A | Reduce -2.6% | 1.84% | −0.11 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.11 |
| SNPS Synopsys Inc. | Reduce -23.5% | 0.22% | −0.10 |
| AEP American Electric Power | Sold out | 0.00% | −0.10 |
| HMY Harmony Gold MNG-Spon ADR | Reduce -8.8% | 0.27% | −0.09 |
| AXON Axon Enterprise Inc. | Reduce -31.8% | 0.11% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -10.4% | 0.31% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 1.64% | −0.09 |
| MELI MercadoLibre Inc. | Reduce -6.3% | 0.44% | −0.08 |
| HON Honeywell International Inc. | Reduce -29.6% | 0.36% | −0.06 |
| BSX Boston Scientific Corp. | Reduce -4.4% | 0.11% | −0.06 |
| PAAS Pan American Silver Corp. | Reduce -14.7% | 0.90% | −0.05 |
| XEL Xcel Energy Inc. | Reduce -50.0% | 0.07% | −0.05 |
| AMD Advanced Micro Devices | Reduce -5.3% | 0.92% | −0.05 |
| ABT Abbott Laboratories | Reduce -6.3% | 0.19% | −0.05 |
| CI The Cigna Group | Reduce -19.5% | 0.20% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -32.7% | 0.05% | −0.04 |
| SYK Stryker Corp. | Reduce -21.8% | 0.12% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| WMT Walmart Inc. | Add +722.6% | 1.46% | +1.31 |
| AEM Agnico Eagle Mines Ltd. | Add +5.4% | 3.03% | +0.74 |
| NEM Newmont Corp. | Add +15.3% | 3.03% | +0.73 |
| XOM Exxon Mobil Corp. | Add +9.1% | 1.35% | +0.52 |
| MU Micron Technology Inc. | Add +12.8% | 1.25% | +0.36 |
| CVX Chevron Corp. | Add +8.8% | 0.98% | +0.35 |
| B Barrick Mining Corp. | Add +19.3% | 2.19% | +0.33 |
| IEMG iShares Core MSCI Emerging | Add +44.4% | 0.86% | +0.32 |
| FNV Franco-Nevada Corp. | Add +0.9% | 1.47% | +0.31 |
| CDE Coeur Mining Inc. | Add +73.3% | 0.62% | +0.30 |
| INTC Intel Corp. | Add +37.5% | 0.61% | +0.26 |
| AGI Alamos Gold Inc. Class A | Add +21.9% | 0.74% | +0.24 |
| COP Conocophillips | Add +28.5% | 0.49% | +0.23 |
| KGC Kinross Gold Corp. | Add +6.5% | 1.32% | +0.23 |
| AMAT Applied Materials Inc. | Add +4.2% | 0.72% | +0.23 |
| BHP BHP Group Ltd.-Spon ADR | Add +23.4% | 0.58% | +0.21 |
| ADI Analog Devices Inc. | Add +41.7% | 0.46% | +0.20 |
| GILD Gilead Sciences Inc. | Add +25.6% | 0.57% | +0.19 |
| LRCX Lam Research Corp. | Add +2.5% | 0.74% | +0.19 |
| KLAC KLA Corp. | Add +12.5% | 0.56% | +0.17 |
| WDC Western Digital Corp. | Add +83.3% | 0.25% | +0.17 |
| ROST Ross Stores Inc. | New | 0.16% | +0.16 |
| TSLA Tesla Inc. | Add +23.0% | 2.26% | +0.15 |
| ARIS Aris Mining Corp. | New | 0.15% | +0.15 |
| CSCO Cisco Systems Inc. | Add +13.0% | 0.85% | +0.14 |
| EOG EOG Resources Inc. | Add +59.1% | 0.25% | +0.14 |
| CGAU Centerra Gold Inc. | New | 0.13% | +0.13 |
| SU Suncor Energy Inc. | Add +28.6% | 0.23% | +0.12 |
| CTVA Corteva Inc. | Add +58.5% | 0.22% | +0.11 |
| EXK Endeavour Silver Corp. | New | 0.11% | +0.11 |
| CPRT Copart Inc. | New | 0.10% | +0.10 |
| BKR Baker Hughes Co. | New | 0.09% | +0.09 |
| FCX Freeport-McMoran Inc. | Add +21.7% | 0.27% | +0.09 |
| OXY Occidental Petroleum Corp. | Add +44.7% | 0.15% | +0.09 |
| ODFL Old Dominion Freight Line | New | 0.08% | +0.08 |
| WDS Woodside Energy Group-ADR | Add +50.0% | 0.14% | +0.08 |
| VRSK Verisk Analytics Inc. | New | 0.08% | +0.08 |
| TTWO Take-Two Interactive Softwre | Add +100.0% | 0.20% | +0.08 |
| SSRM SSR Mining Inc. | Add +13.6% | 0.20% | +0.08 |
| REGN Regeneron Pharmaceuticals | Add +18.6% | 0.37% | +0.08 |
| BVN Cia DE Minas Buenaventur-ADR | Add +0.7% | 0.27% | +0.07 |
| CTSH Cognizant Tech Solutions-A | New | 0.07% | +0.07 |
| PAYX Paychex Inc. | New | 0.07% | +0.07 |
| CCJ Cameco Corp. | Add +39.5% | 0.16% | +0.07 |
| KDP Keurig Dr Pepper Inc. | New | 0.07% | +0.07 |
| NTR Nutrien Ltd. | Add +46.7% | 0.13% | +0.06 |
| MNST Monster Beverage Corp. | Add +58.8% | 0.16% | +0.06 |
| DVN Devon Energy Corp. | Add +69.3% | 0.10% | +0.06 |
| CVE Cenovus Energy Inc. | Add +34.8% | 0.10% | +0.06 |
| CSGP Costar Group Inc. | New | 0.05% | +0.05 |
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 |