Sava Penzisko Drushtvo A.D. Skopje
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Sava Penzisko Drushtvo A.D. Skopje reported 26 stock positions worth $327.5 million. Its top holding was iShares MSCI World ETF (URTH) at 11.1% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 9.4%) and iShares Global Tech ETF (IXN, 9.0%). Compared with Q4 2025, it opened 2 new positions, sold out of 1 and added to 13. The biggest buy was a new position in Cheniere Energy (LNG) and the biggest sale an exit from iShares Cybersecurity & Tech (IHAK).
- Most Recent 13F
- Q2 2026
- Location
- SKOPJE, 1U
- CIK
- 0002094371
- Portfolio Value
- $327.5M (Q1 2026)
- SEC Filing
- 0002094371-26-000004 ↗ filed May 11, 2026
Holdings Value
Holdings 26 stocks · $327.5M
| URTH iShares MSCI World ETF | 11.13% | 202,500 | $36.5M | No change |
| IJH iShares Core S&P Midcap ETF | 9.45% | 458,174 | $30.9M | Add +20.1% |
| IXN iShares Global Tech ETF | 9.05% | 296,349 | $29.6M | No change |
| FNCL Fidelity MSCI Financial Indx | 7.33% | 341,872 | $24.0M | No change |
| VPL Vanguard Ftse Pacific ETF | 5.26% | 176,230 | $17.2M | No change |
| GDX Vaneck Gold Miners ETF | 4.99% | 178,205 | $16.4M | Add +18.7% |
| XLV SS Health Care Select Sector | 4.63% | 103,514 | $15.2M | Add +8.3% |
| CIBR First Trust Nasdaq Cybersecu | 4.40% | 229,770 | $14.4M | Add +17.9% |
| SOXX iShares Semiconductor ETF | 4.22% | 42,000 | $13.8M | Add +0.1% |
| AMZN Amazon.com Inc. | 3.50% | 55,086 | $11.5M | Add +25.9% |
| XLC SS Comm Select Sector SPDR | 3.45% | 101,950 | $11.3M | Add +35.0% |
| MSFT Microsoft Corp. | 3.22% | 28,451 | $10.5M | Add +70.8% |
| IHI iShares U.S. Medical Devices | 2.97% | 182,281 | $9.7M | Add +25.6% |
| KOMP SS SPDR S&P Kensho Ne Comp | 2.96% | 165,825 | $9.7M | No change |
| ICLN iShares Global Clean Energy | 2.82% | 504,936 | $9.2M | No change |
| NVDA Nvidia Corp. | 2.75% | 51,575 | $9.0M | Add +11.7% |
| IPAY Amplify Digital Payments ETF | 2.59% | 198,379 | $8.5M | Add +29.2% |
| GOOGL Alphabet Inc. Class A | 2.22% | 25,273 | $7.3M | No change |
| GOOG Alphabet Inc. Class C | 2.22% | 25,293 | $7.3M | No change |
| HON Honeywell International Inc. | 2.21% | 32,058 | $7.2M | No change |
| AAPL Apple Inc. | 2.00% | 25,850 | $6.6M | No change |
| LNG Cheniere Energy Inc. | 1.64% | 18,960 | $5.4M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.54% | 110,226 | $5.1M | No change |
| PYPL PayPal Holdings Inc. | 1.54% | 111,360 | $5.0M | Add +28.3% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.37% | 62,396 | $4.5M | Add +85.1% |
| COPX Global X Copper Miners ETF | 0.54% | 23,100 | $1.8M | New |
Portfolio Sells Q4 2025 → Q1 2026
| IHAK iShares Cybersecurity & Tech | Sold out | 0.00% | −1.83 |
Portfolio Buys Q4 2025 → Q1 2026
| LNG Cheniere Energy Inc. | New | 1.64% | +1.64 |
| IJH iShares Core S&P Midcap ETF | Add +20.1% | 9.45% | +1.32 |
| GDX Vaneck Gold Miners ETF | Add +18.7% | 4.99% | +0.84 |
| MSFT Microsoft Corp. | Add +70.8% | 3.22% | +0.61 |
| XLC SS Comm Select Sector SPDR | Add +35.0% | 3.45% | +0.58 |
| COPX Global X Copper Miners ETF | New | 0.54% | +0.54 |
| AMZN Amazon.com Inc. | Add +25.9% | 3.50% | +0.24 |
| EL Estee Lauder Companies Class A | Add +85.1% | 1.37% | +0.23 |
| SOXX iShares Semiconductor ETF | Add +0.1% | 4.22% | +0.14 |
| IHI iShares U.S. Medical Devices | Add +25.6% | 2.97% | +0.06 |
| IPAY Amplify Digital Payments ETF | Add +29.2% | 2.59% | +0.01 |
| NVDA Nvidia Corp. | Add +11.7% | 2.75% | −0.03 |
| CIBR First Trust Nasdaq Cybersecu | Add +17.9% | 4.40% | −0.10 |
| PYPL PayPal Holdings Inc. | Add +28.3% | 1.54% | −0.10 |
| XLV SS Health Care Select Sector | Add +8.3% | 4.63% | −0.14 |