Sava Penzisko Drushtvo A.D. Skopje

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Sava Penzisko Drushtvo A.D. Skopje reported 27 stock positions worth $374.6 million. Its top holding was Amazon.com (AMZN) at 11.4% of the portfolio, followed by SS Health Care Select Sector (XLV, 9.6%) and SS SPDR S&P Kensho Ne Comp (KOMP, 9.4%). Compared with Q1 2026, it added to 13 and reduced 13. The biggest buy was Amazon.com (AMZN, shares +438%) and the biggest sale iShares MSCI World ETF (URTH, shares −46%).

Most Recent 13F
Q2 2026
Location
SKOPJE, 1U
CIK
0002094371
Portfolio Value
$374.6M (Q2 2026)
SEC Filing
0002094371-26-000005 ↗ filed Aug 13, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q3 2025: $304.9M Q3 2025 Q4 2025: $309.6M Q4 2025 Q1 2026: $327.5M Q1 2026 Q2 2026: $374.6M $374.6M Q2 2026

Holdings 27 stocks · $374.6M

AMZN Amazon.com Inc. 11.43% 296,349 $42.8M Add +438.0%
XLV SS Health Care Select Sector 9.60% 177,500 $36.0M Add +71.5%
KOMP SS SPDR S&P Kensho Ne Comp 9.43% 458,174 $35.3M Add +176.3%
ICLN iShares Global Clean Energy 6.99% 341,872 $26.2M Reduce -32.3%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 6.30% 36,830 $23.6M Reduce -41.0%
HONA Honeywell Aerospace Inc. 5.51% 229,770 $20.6M Add +1333.5%
IXN iShares Global Tech ETF 5.44% 176,230 $20.4M Reduce -40.5%
NVDA Nvidia Corp. 4.38% 103,514 $16.4M Add +100.7%
COPX Global X Copper Miners ETF 3.59% 178,205 $13.4M Add +671.5%
FNCL Fidelity MSCI Financial Indx 3.50% 55,086 $13.1M Reduce -83.9%
SOXX iShares Semiconductor ETF 3.16% 165,825 $11.9M Add +294.8%
HON Honeywell International Inc. 2.92% 101,950 $10.9M Add +536.0%
GOOGL Alphabet Inc. Class A 2.83% 28,451 $10.6M Add +12.6%
IJH iShares Core S&P Midcap ETF 2.76% 504,936 $10.3M Add +10.2%
XLC SS Comm Select Sector SPDR 2.75% 51,575 $10.3M Reduce -49.4%
IHI iShares U.S. Medical Devices 2.44% 198,379 $9.1M Add +8.8%
MSFT Microsoft Corp. 2.40% 182,281 $9.0M Add +540.7%
IPAY Amplify Digital Payments ETF 2.00% 25,850 $7.5M Reduce -87.0%
GOOG Alphabet Inc. Class C 1.88% 19,713 $7.0M Reduce -22.1%
AAPL Apple Inc. 1.86% 19,733 $7.0M Reduce -23.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.60% 25,136 $6.0M Reduce -77.2%
GDX Vaneck Gold Miners ETF 1.37% 66,850 $5.1M Reduce -62.5%
URTH iShares MSCI World ETF 1.33% 110,226 $5.0M Reduce -45.6%
LNG Cheniere Energy Inc. 1.31% 62,396 $4.9M Add +229.1%
PYPL PayPal Holdings Inc. 1.28% 111,360 $4.8M No change
CIBR First Trust Nasdaq Cybersecu 0.96% 16,029 $3.6M Reduce -93.0%
VPL Vanguard Ftse Pacific ETF 0.95% 16,029 $3.5M Reduce -90.9%

Portfolio Sells Q1 2026 → Q2 2026

URTH iShares MSCI World ETF Reduce -45.6% 1.33% −9.80
VPL Vanguard Ftse Pacific ETF Reduce -90.9% 0.95% −4.31
FNCL Fidelity MSCI Financial Indx Reduce -83.9% 3.50% −3.82
GDX Vaneck Gold Miners ETF Reduce -62.5% 1.37% −3.62
IXN iShares Global Tech ETF Reduce -40.5% 5.44% −3.60
CIBR First Trust Nasdaq Cybersecu Reduce -93.0% 0.96% −3.44
XLC SS Comm Select Sector SPDR Reduce -49.4% 2.75% −0.70
IPAY Amplify Digital Payments ETF Reduce -87.0% 2.00% −0.60
GOOG Alphabet Inc. Class C Reduce -22.1% 1.88% −0.34
AAPL Apple Inc. Reduce -23.7% 1.86% −0.14
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -77.2% 1.60% +0.06
ICLN iShares Global Clean Energy Reduce -32.3% 6.99% +4.17
EL Estee Lauder Companies Class A Reduce -41.0% 6.30% +4.93

Portfolio Buys Q1 2026 → Q2 2026

AMZN Amazon.com Inc. Add +438.0% 11.43% +7.93
KOMP SS SPDR S&P Kensho Ne Comp Add +176.3% 9.43% +6.47
HONA Honeywell Aerospace Inc. Add +1333.5% 5.51% +5.07
XLV SS Health Care Select Sector Add +71.5% 9.60% +4.97
COPX Global X Copper Miners ETF Add +671.5% 3.59% +3.05
NVDA Nvidia Corp. Add +100.7% 4.38% +1.64
HON Honeywell International Inc. Add +536.0% 2.92% +0.70
GOOGL Alphabet Inc. Class A Add +12.6% 2.83% +0.61
LNG Cheniere Energy Inc. Add +229.1% 1.31% −0.33
IHI iShares U.S. Medical Devices Add +8.8% 2.44% −0.53
MSFT Microsoft Corp. Add +540.7% 2.40% −0.81
SOXX iShares Semiconductor ETF Add +294.8% 3.16% −1.05
IJH iShares Core S&P Midcap ETF Add +10.2% 2.76% −6.69

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 27$374.6MAMZN, XLV, KOMP, ICLN, EL
Q1 2026 26$327.5MURTH, IJH, IXN, FNCL, VPL
Q4 2025 25$309.6MURTH, IXN, FNCL, IJH, VPL
Q3 2025 24$304.9MURTH, IXN, FNCL, IJH, IHAK