Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 9, 2026), Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reported 38 stock positions worth $56.2 million. Its top holding was Newmont (NEM) at 10.8% of the portfolio, followed by Agnico Eagle Mines (AEM, 10.7%) and Wheaton Precious Metals (WPM, 9.4%). Compared with Q4 2025, it opened 2 new positions, sold out of 1, added to 11 and reduced 11. The biggest buy was Agnico Eagle Mines (AEM, shares +44%) and the biggest sale First Majestic Silver (AG, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- WARSZAWA, R9
- CIK
- 0002054965
- Portfolio Value
- $56.2M (Q1 2026)
- SEC Filing
- 0002054965-26-000002 ↗ filed Apr 9, 2026
Holdings Value
Holdings 38 stocks · $56.2M
| NEM Newmont Corp. | 10.81% | 56,080 | $6.1M | Add +40.6% |
| AEM Agnico Eagle Mines Ltd. | 10.72% | 29,726 | $6.0M | Add +44.1% |
| WPM Wheaton Precious Metals Corp. | 9.38% | 40,210 | $5.3M | Add +21.1% |
| B Barrick Mining Corp. | 9.15% | 126,100 | $5.1M | Add +30.9% |
| KGC Kinross Gold Corp. | 7.64% | 140,600 | $4.3M | Add +13.2% |
| AU Anglogold Ashanti PLC | 5.48% | 32,100 | $3.1M | Add +19.8% |
| GFI Gold Fields Ltd.-Spons ADR | 5.41% | 67,000 | $3.0M | Add +35.9% |
| PAAS Pan American Silver Corp. | 5.38% | 55,350 | $3.0M | Add +6.8% |
| FNV Franco-Nevada Corp. | 5.06% | 11,500 | $2.8M | Add +88.5% |
| AGI Alamos Gold Inc. Class A | 4.48% | 56,700 | $2.5M | Reduce -8.0% |
| EQX Equinox Gold Corp. | 3.28% | 127,700 | $1.8M | Reduce -17.9% |
| SSRM SSR Mining Inc. | 2.95% | 56,300 | $1.7M | Reduce -12.4% |
| HMY Harmony Gold MNG-Spon ADR | 2.70% | 98,700 | $1.5M | Add +8.5% |
| CGAU Centerra Gold Inc. | 2.49% | 78,900 | $1.4M | Reduce -16.1% |
| BTG B2GOLD Corp. | 2.49% | 308,200 | $1.4M | Reduce -12.3% |
| FSM Fortuna Mining Corp. | 2.23% | 125,900 | $1.3M | Reduce -13.5% |
| EGO Eldorado Gold Corp. | 2.04% | 33,500 | $1.1M | No change |
| RGLD Royal Gold Inc. | 1.82% | 4,020 | $1.0M | Add +99.0% |
| HL Hecla Mining Co. | 1.73% | 52,100 | $971K | Reduce -29.0% |
| SVM Silvercorp Metals Inc. | 1.68% | 88,000 | $944K | Reduce -41.7% |
| AG First Majestic Silver Corp. | 1.59% | 41,500 | $891K | Reduce -51.0% |
| DRD Drdgold Ltd.-Sponsored ADR | 1.04% | 19,900 | $584K | Reduce -25.5% |
| VLO Valero Energy Corp. | 0.04% | 100 | $25K | No change |
| MPC Marathon Petroleum Corp. | 0.04% | 100 | $24K | No change |
| PSX Phillips 66 | 0.04% | 130 | $24K | No change |
| KMI Kinder Morgan Inc. | 0.03% | 570 | $19K | No change |
| WMB Williams Cos Inc. | 0.03% | 250 | $18K | No change |
| XOM Exxon Mobil Corp. | 0.03% | 100 | $17K | No change |
| CVX Chevron Corp. | 0.03% | 80 | $17K | No change |
| OXY Occidental Petroleum Corp. | 0.03% | 240 | $16K | No change |
| BKR Baker Hughes Co. | 0.03% | 230 | $14K | New |
| SLB SLB Ltd. filed as SLB LIMITED | 0.02% | 260 | $13K | No change |
| EOG EOG Resources Inc. | 0.02% | 90 | $13K | No change |
| HAL Halliburton Co. | 0.02% | 330 | $13K | New |
| OKE Oneok Inc. | 0.02% | 130 | $12K | Reduce -48.0% |
| DVN Devon Energy Corp. | 0.02% | 230 | $12K | No change |
| EQT Eqt Corp. | 0.02% | 180 | $11K | No change |
| COP Conocophillips | 0.02% | 120 | $11K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| AG First Majestic Silver Corp. | Reduce -51.0% | 1.59% | −1.46 |
| EQX Equinox Gold Corp. | Reduce -17.9% | 3.28% | −1.43 |
| HL Hecla Mining Co. | Reduce -29.0% | 1.73% | −1.32 |
| SVM Silvercorp Metals Inc. | Reduce -41.7% | 1.68% | −1.08 |
| BTG B2GOLD Corp. | Reduce -12.3% | 2.49% | −0.92 |
| FSM Fortuna Mining Corp. | Reduce -13.5% | 2.23% | −0.86 |
| DRD Drdgold Ltd.-Sponsored ADR | Reduce -25.5% | 1.04% | −0.73 |
| AGI Alamos Gold Inc. Class A | Reduce -8.0% | 4.48% | −0.65 |
| CGAU Centerra Gold Inc. | Reduce -16.1% | 2.49% | −0.41 |
| SSRM SSR Mining Inc. | Reduce -12.4% | 2.95% | −0.05 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.02 |
| OKE Oneok Inc. | Reduce -48.0% | 0.02% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| AEM Agnico Eagle Mines Ltd. | Add +44.1% | 10.72% | +3.17 |
| FNV Franco-Nevada Corp. | Add +88.5% | 5.06% | +2.35 |
| NEM Newmont Corp. | Add +40.6% | 10.81% | +2.16 |
| WPM Wheaton Precious Metals Corp. | Add +21.1% | 9.38% | +0.97 |
| RGLD Royal Gold Inc. | Add +99.0% | 1.82% | +0.85 |
| GFI Gold Fields Ltd.-Spons ADR | Add +35.9% | 5.41% | +0.79 |
| AU Anglogold Ashanti PLC | Add +19.8% | 5.48% | +0.55 |
| B Barrick Mining Corp. | Add +30.9% | 9.15% | +0.08 |
| KGC Kinross Gold Corp. | Add +13.2% | 7.64% | +0.07 |
| BKR Baker Hughes Co. | New | 0.03% | +0.03 |
| HAL Halliburton Co. | New | 0.02% | +0.02 |
| PAAS Pan American Silver Corp. | Add +6.8% | 5.38% | −0.43 |
| HMY Harmony Gold MNG-Spon ADR | Add +8.5% | 2.70% | −1.18 |
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 |