Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reported 37 stock positions worth $47.0 million. Its top holding was Barrick Mining (B) at 9.1% of the portfolio, followed by Newmont (NEM, 8.6%) and Wheaton Precious Metals (WPM, 8.4%). Compared with Q3 2025, it opened 8 new positions, sold out of 8, added to 16 and reduced 7. The biggest buy was Kinross Gold (KGC, shares +71%) and the biggest sale an exit from Amazon.com (AMZN).
- Most Recent 13F
- Q2 2026
- Location
- WARSZAWA, R9
- CIK
- 0002054965
- Portfolio Value
- $47.0M (Q4 2025)
- SEC Filing
- 0002054965-26-000001 ↗ filed Jan 21, 2026
Holdings Value
Holdings 37 stocks · $47.0M
| B Barrick Mining Corp. | 9.07% | 96,300 | $4.3M | Reduce -8.7% |
| NEM Newmont Corp. | 8.64% | 39,880 | $4.1M | Reduce -1.5% |
| WPM Wheaton Precious Metals Corp. | 8.40% | 33,210 | $4.0M | Add +11.4% |
| KGC Kinross Gold Corp. | 7.57% | 124,200 | $3.6M | Add +70.8% |
| AEM Agnico Eagle Mines Ltd. | 7.55% | 20,626 | $3.5M | Reduce -1.4% |
| PAAS Pan American Silver Corp. | 5.81% | 51,850 | $2.7M | Add +24.2% |
| AGI Alamos Gold Inc. Class A | 5.13% | 61,600 | $2.4M | Add +41.3% |
| AU Anglogold Ashanti PLC | 4.93% | 26,800 | $2.3M | Add +4.7% |
| EQX Equinox Gold Corp. | 4.71% | 155,600 | $2.2M | Add +37.2% |
| GFI Gold Fields Ltd.-Spons ADR | 4.63% | 49,300 | $2.2M | Add +13.9% |
| HMY Harmony Gold MNG-Spon ADR | 3.88% | 91,000 | $1.8M | Add +23.0% |
| BTG B2GOLD Corp. | 3.41% | 351,500 | $1.6M | Add +36.0% |
| FSM Fortuna Mining Corp. | 3.08% | 145,600 | $1.4M | Add +14.1% |
| AG First Majestic Silver Corp. | 3.05% | 84,600 | $1.4M | Reduce -9.6% |
| HL Hecla Mining Co. | 3.04% | 73,400 | $1.4M | Add +11.2% |
| SSRM SSR Mining Inc. | 3.00% | 64,300 | $1.4M | Add +67.0% |
| CGAU Centerra Gold Inc. | 2.91% | 94,100 | $1.4M | Add +99.8% |
| SVM Silvercorp Metals Inc. | 2.76% | 151,000 | $1.3M | Add +14.4% |
| FNV Franco-Nevada Corp. | 2.70% | 6,100 | $1.3M | Reduce -19.7% |
| EGO Eldorado Gold Corp. | 2.58% | 33,500 | $1.2M | Add +67.5% |
| DRD Drdgold Ltd.-Sponsored ADR | 1.77% | 26,700 | $834K | Reduce -7.0% |
| RGLD Royal Gold Inc. | 0.97% | 2,020 | $455K | Reduce -55.3% |
| OKE Oneok Inc. | 0.04% | 250 | $18K | Add +127.3% |
| PSX Phillips 66 | 0.04% | 130 | $17K | No change |
| VLO Valero Energy Corp. | 0.04% | 100 | $16K | No change |
| MPC Marathon Petroleum Corp. | 0.03% | 100 | $16K | No change |
| KMI Kinder Morgan Inc. | 0.03% | 570 | $16K | No change |
| WMB Williams Cos Inc. | 0.03% | 250 | $15K | No change |
| CVX Chevron Corp. | 0.03% | 80 | $12K | New |
| XOM Exxon Mobil Corp. | 0.03% | 100 | $12K | New |
| COP Conocophillips | 0.03% | 120 | $12K | New |
| LNG Cheniere Energy Inc. | 0.02% | 60 | $12K | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 0.02% | 260 | $10K | New |
| OXY Occidental Petroleum Corp. | 0.02% | 240 | $10K | New |
| EQT Eqt Corp. | 0.02% | 180 | $10K | New |
| EOG EOG Resources Inc. | 0.02% | 90 | $10K | New |
| DVN Devon Energy Corp. | 0.02% | 230 | $8K | New |
Portfolio Sells Q3 2025 → Q4 2025
| AMZN Amazon.com Inc. | Sold out | 0.00% | −11.82 |
| FNV Franco-Nevada Corp. | Reduce -19.7% | 2.70% | −1.47 |
| RGLD Royal Gold Inc. | Reduce -55.3% | 0.97% | −1.27 |
| AEM Agnico Eagle Mines Ltd. | Reduce -1.4% | 7.55% | −1.16 |
| DRD Drdgold Ltd.-Sponsored ADR | Reduce -7.0% | 1.77% | −0.18 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.04 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.03 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.03 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.03 |
| PAA Plains All Amer Pipeline LP | Sold out | 0.00% | −0.03 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.02 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.02 |
| AG First Majestic Silver Corp. | Reduce -9.6% | 3.05% | +0.21 |
| NEM Newmont Corp. | Reduce -1.5% | 8.64% | +0.22 |
| B Barrick Mining Corp. | Reduce -8.7% | 9.07% | +0.51 |
Portfolio Buys Q3 2025 → Q4 2025
| KGC Kinross Gold Corp. | Add +70.8% | 7.57% | +3.11 |
| PAAS Pan American Silver Corp. | Add +24.2% | 5.81% | +1.82 |
| CGAU Centerra Gold Inc. | Add +99.8% | 2.91% | +1.66 |
| EQX Equinox Gold Corp. | Add +37.2% | 4.71% | +1.57 |
| AGI Alamos Gold Inc. Class A | Add +41.3% | 5.13% | +1.38 |
| EGO Eldorado Gold Corp. | Add +67.5% | 2.58% | +1.15 |
| HL Hecla Mining Co. | Add +11.2% | 3.04% | +1.07 |
| SVM Silvercorp Metals Inc. | Add +14.4% | 2.76% | +0.70 |
| SSRM SSR Mining Inc. | Add +67.0% | 3.00% | +0.68 |
| HMY Harmony Gold MNG-Spon ADR | Add +23.0% | 3.88% | +0.57 |
| AU Anglogold Ashanti PLC | Add +4.7% | 4.93% | +0.50 |
| FSM Fortuna Mining Corp. | Add +14.1% | 3.08% | +0.26 |
| BTG B2GOLD Corp. | Add +36.0% | 3.41% | +0.25 |
| WPM Wheaton Precious Metals Corp. | Add +11.4% | 8.40% | +0.17 |
| GFI Gold Fields Ltd.-Spons ADR | Add +13.9% | 4.63% | +0.14 |
| CVX Chevron Corp. | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | New | 0.03% | +0.03 |
| COP Conocophillips | New | 0.03% | +0.03 |
| SLB SLB Ltd. | New | 0.02% | +0.02 |
| OXY Occidental Petroleum Corp. | New | 0.02% | +0.02 |
| EQT Eqt Corp. | New | 0.02% | +0.02 |
| EOG EOG Resources Inc. | New | 0.02% | +0.02 |
| OKE Oneok Inc. | Add +127.3% | 0.04% | +0.02 |
| DVN Devon Energy Corp. | New | 0.02% | +0.02 |
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 |