Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reported 38 stock positions worth $23.3 million. Its top holding was Newmont (NEM) at 20.0% of the portfolio, followed by Amazon.com (AMZN, 17.8%) and Agnico Eagle Mines (AEM, 7.8%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 6 and reduced 14. The biggest buy was Wheaton Precious Metals (WPM, shares +6%) and the biggest sale Barrick Gold (B, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- WARSZAWA, R9
- CIK
- 0002054965
- Portfolio Value
- $23.3M (Q1 2025)
- SEC Filing
- 0002054965-25-000002 ↗ filed May 9, 2025
Holdings Value
Holdings 38 stocks · $23.3M
| NEM Newmont Corp. | 20.01% | 96,609 | $4.7M | Reduce -42.5% |
| AMZN Amazon.com Inc. | 17.81% | 21,815 | $4.2M | Reduce -43.1% |
| AEM Agnico Eagle Mines Ltd. | 7.78% | 16,696 | $1.8M | No change |
| WPM Wheaton Precious Metals Corp. | 7.58% | 22,700 | $1.8M | Add +5.6% |
| B Barrick Gold Corp. | 5.15% | 61,700 | $1.2M | Reduce -83.1% |
| KGC Kinross Gold Corp. | 4.42% | 81,600 | $1.0M | No change |
| FNV Franco-Nevada Corp. | 4.40% | 6,500 | $1.0M | Add +19.3% |
| RGLD Royal Gold Inc. | 4.39% | 6,260 | $1.0M | Add +177.0% |
| GFI Gold Fields Ltd.-Spons ADR | 4.31% | 45,500 | $1.0M | Add +5.3% |
| AU Anglogold Ashanti PLC | 4.22% | 26,200 | $984K | Add +4.8% |
| HMY Harmony Gold MNG-Spon ADR | 4.16% | 65,700 | $970K | No change |
| AGI Alamos Gold Inc. Class A | 3.61% | 31,400 | $841K | Reduce -18.4% |
| PAAS Pan American Silver Corp. | 3.01% | 27,050 | $701K | Reduce -82.0% |
| BTG B2GOLD Corp. | 1.38% | 112,500 | $321K | No change |
| EGO Eldorado Gold Corp. | 1.14% | 15,800 | $266K | Reduce -53.4% |
| EQX Equinox Gold Corp. | 1.01% | 34,300 | $236K | Reduce -42.2% |
| SSRM SSR Mining Inc. | 0.96% | 22,400 | $225K | No change |
| HL Hecla Mining Co. | 0.90% | 37,700 | $210K | Reduce -54.2% |
| FSM Fortuna Mining Corp. | 0.72% | 27,600 | $168K | Reduce -63.0% |
| CGAU Centerra Gold Inc. | 0.71% | 25,900 | $165K | Reduce -39.6% |
| SVM Silvercorp Metals Inc. | 0.55% | 33,300 | $129K | Reduce -40.9% |
| DRD Drdgold Ltd.-Sponsored ADR | 0.53% | 8,000 | $124K | Reduce -75.0% |
| AG First Majestic Silver Corp. | 0.43% | 14,900 | $100K | Reduce -34.9% |
| KMI Kinder Morgan Inc. | 0.07% | 610 | $17K | Reduce -25.6% |
| PSX Phillips 66 | 0.07% | 130 | $16K | Add +62.5% |
| WMB Williams Cos Inc. | 0.06% | 250 | $15K | No change |
| MPC Marathon Petroleum Corp. | 0.06% | 100 | $15K | No change |
| LNG Cheniere Energy Inc. | 0.06% | 60 | $14K | No change |
| VLO Valero Energy Corp. | 0.06% | 100 | $13K | No change |
| PAA Plains All Amer Pipeline LP | 0.06% | 660 | $13K | No change |
| EPD Enterprise Products Partners | 0.06% | 380 | $13K | No change |
| CMI Cummins Inc. | 0.05% | 40 | $13K | No change |
| UNP Union Pacific Corp. | 0.05% | 50 | $12K | No change |
| EMN Eastman Chemical Co. | 0.05% | 130 | $11K | No change |
| OKE Oneok Inc. | 0.05% | 110 | $11K | No change |
| LYB Lyondellbasell Indu Class A | 0.05% | 150 | $11K | New |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.04% | 130 | $10K | No change |
| HUN Huntsman Corp. | 0.03% | 390 | $6K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| B Barrick Gold Corp. | Reduce -83.1% | 5.15% | −11.59 |
| AMZN Amazon.com Inc. | Reduce -43.1% | 17.81% | −7.08 |
| PAAS Pan American Silver Corp. | Reduce -82.0% | 3.01% | −5.96 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −2.73 |
| EGO Eldorado Gold Corp. | Reduce -53.4% | 1.14% | −0.35 |
| HL Hecla Mining Co. | Reduce -54.2% | 0.90% | −0.30 |
| DRD Drdgold Ltd.-Sponsored ADR | Reduce -75.0% | 0.53% | −0.29 |
| FSM Fortuna Mining Corp. | Reduce -63.0% | 0.72% | −0.22 |
| CGAU Centerra Gold Inc. | Reduce -39.6% | 0.71% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -25.6% | 0.07% | +0.01 |
| SVM Silvercorp Metals Inc. | Reduce -40.9% | 0.55% | +0.05 |
| AG First Majestic Silver Corp. | Reduce -34.9% | 0.43% | +0.06 |
| EQX Equinox Gold Corp. | Reduce -42.2% | 1.01% | +0.13 |
| AGI Alamos Gold Inc. Class A | Reduce -18.4% | 3.61% | +1.51 |
| NEM Newmont Corp. | Reduce -42.5% | 20.01% | +1.54 |
Portfolio Buys Q4 2024 → Q1 2025
| WPM Wheaton Precious Metals Corp. | Add +5.6% | 7.58% | +4.00 |
| RGLD Royal Gold Inc. | Add +177.0% | 4.39% | +3.51 |
| GFI Gold Fields Ltd.-Spons ADR | Add +5.3% | 4.31% | +2.63 |
| AU Anglogold Ashanti PLC | Add +4.8% | 4.22% | +2.56 |
| FNV Franco-Nevada Corp. | Add +19.3% | 4.40% | +2.50 |
| LYB Lyondellbasell Indu Class A | New | 0.05% | +0.05 |
| PSX Phillips 66 | Add +62.5% | 0.07% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 39 | $46.6M | NEM, AEM, WPM, B, KGC |
| Q1 2026 | 38 | $56.2M | NEM, AEM, WPM, B, KGC |
| Q4 2025 | 37 | $47.0M | B, NEM, WPM, KGC, AEM |
| Q3 2025 | 37 | $40.5M | AMZN, AEM, B, NEM, WPM |
| Q2 2025 | 38 | $21.1M | AMZN, WPM, NEM, AEM, B |
| Q1 2025 | 38 | $23.3M | NEM, AMZN, AEM, WPM, B |
| Q4 2024Amended | 38 | $33.8M | AMZN, NEM, B, PAAS, AEM |
| Q3 2024 | 39 | $39.0M | NEM, AMZN, B, PAAS, AEM |
| Q2 2024 | 39 | $32.8M | AMZN, NEM, B, PAAS, WPM |
| Q1 2024 | 39 | $27.5M | AMZN, B, NEM, PAAS, WPM |