Towarzystwo Funduszy Inwestycyjnych Pzu SA
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed August 14, 2025), Towarzystwo Funduszy Inwestycyjnych Pzu SA reported 582 stock positions worth $275.1 million. Its top holding was Microsoft (MSFT) at 11.2% of the portfolio, followed by Nvidia (NVDA, 10.1%) and Advanced Micro Devices (AMD, 6.1%). Compared with Q2 2024, it opened 20 new positions, sold out of 3, added to 186 and reduced 59. The biggest buy was Apple (AAPL, shares +61%) and the biggest sale Nvidia (NVDA, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002071170
- Portfolio Value
- $275.1M (Q3 2024)
- SEC Filing
- 0002071170-25-000018 ↗ filed Aug 14, 2025
Holdings Value
Holdings 582 stocks · $275.1M
| MSFT Microsoft Corp. | 11.21% | 71,667 | $30.8M | Add +14.3% |
| NVDA Nvidia Corp. | 10.13% | 229,499 | $27.9M | Reduce -24.4% |
| AMD Advanced Micro Devices | 6.10% | 102,279 | $16.8M | Reduce -1.8% |
| AAPL Apple Inc. | 5.70% | 67,267 | $15.7M | Add +61.5% |
| ISRG Intuitive Surgical Inc. | 4.66% | 26,074 | $12.8M | Reduce -0.7% |
| NKE Nike Inc. Class B | 4.32% | 134,586 | $11.9M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 3.82% | 63,345 | $10.5M | Add +0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.67% | 86,008 | $10.1M | Reduce -2.0% |
| ADBE Adobe Inc. | 3.66% | 19,438 | $10.1M | Add +49.8% |
| AMZN Amazon.com Inc. | 2.98% | 44,035 | $8.2M | Add +119.1% |
| PANW Palo Alto Networks Inc. | 2.94% | 23,655 | $8.1M | Add +0.1% |
| DXCM Dexcom Inc. | 2.19% | 89,798 | $6.0M | Reduce -0.4% |
| MU Micron Technology Inc. | 1.53% | 40,694 | $4.2M | Add +10.6% |
| LULU Lululemon Athletica Inc. | 1.20% | 12,140 | $3.3M | Reduce -3.6% |
| ABBV Abbvie Inc. | 1.16% | 16,205 | $3.2M | Add +8.4% |
| NEM Newmont Corp. | 1.15% | 58,975 | $3.2M | Add +5.2% |
| LLY Eli Lilly & Co. | 1.08% | 3,352 | $3.0M | Add +1.7% |
| B Barrick Gold Corp. | 0.94% | 129,651 | $2.6M | Add +2.9% |
| FSLR First Solar Inc. | 0.94% | 10,313 | $2.6M | Add +80.0% |
| AXON Axon Enterprise Inc. | 0.77% | 5,325 | $2.1M | Reduce -0.8% |
| AMGN Amgen Inc. | 0.77% | 6,592 | $2.1M | Add +2.5% |
| UNH Unitedhealth Group Inc. | 0.69% | 3,228 | $1.9M | Reduce -5.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.62% | 22,051 | $1.7M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.54% | 5,311 | $1.5M | Reduce -50.3% |
| JNJ Johnson & Johnson | 0.53% | 9,013 | $1.5M | Add +2.6% |
| AVGO Broadcom Inc. | 0.52% | 8,336 | $1.4M | Reduce -7.4% |
| CRM Salesforce Inc. | 0.50% | 5,007 | $1.4M | Add +3.4% |
| EQIX Equinix Inc. | 0.49% | 1,520 | $1.3M | Add +4.1% |
| XOM Exxon Mobil Corp. | 0.49% | 11,444 | $1.3M | Add +3.8% |
| MRVL Marvell Technology Inc. | 0.48% | 18,276 | $1.3M | Reduce -42.1% |
| DHR Danaher Corp. | 0.44% | 4,390 | $1.2M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.44% | 2,600 | $1.2M | Add +2.8% |
| MRK Merck & Co. Inc. | 0.42% | 10,290 | $1.2M | Add +1.6% |
| META Meta Platforms Inc. Class A | 0.42% | 2,020 | $1.2M | Add +8.6% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 1,720 | $1.1M | Add +2.1% |
| AEM Agnico Eagle Mines Ltd. | 0.37% | 12,714 | $1.0M | Add +7.8% |
| CCJ Cameco Corp. | 0.36% | 20,610 | $985K | No change |
| ABT Abbott Laboratories | 0.36% | 8,590 | $979K | No change |
| BSX Boston Scientific Corp. | 0.33% | 10,689 | $896K | No change |
| GILD Gilead Sciences Inc. | 0.30% | 9,942 | $834K | Add +7.2% |
| ZS Zscaler Inc. | 0.29% | 4,653 | $795K | No change |
| NET Cloudflare Inc. Class A | 0.26% | 8,875 | $718K | Reduce -87.4% |
| GOOG Alphabet Inc. Class C | 0.25% | 4,100 | $685K | Add +7.6% |
| CVX Chevron Corp. | 0.25% | 4,640 | $683K | Add +8.8% |
| CSCO Cisco Systems Inc. | 0.24% | 12,490 | $665K | Reduce -18.3% |
| HCA HCA Healthcare Inc. | 0.24% | 1,633 | $664K | Reduce -0.3% |
| ELV Elevance Health Inc. | 0.23% | 1,213 | $631K | No change |
| TSLA Tesla Inc. | 0.23% | 2,370 | $620K | Add +7.7% |
| V Visa Inc. Class A | 0.22% | 2,189 | $602K | Reduce -20.8% |
| PFE Pfizer Inc. | 0.21% | 20,407 | $591K | No change |
| MA Mastercard Inc. Class A | 0.21% | 1,194 | $590K | Reduce -19.6% |
| JPM JPMorgan Chase & Co. | 0.19% | 2,430 | $512K | Add +9.9% |
| NFLX Netflix Inc. | 0.18% | 716 | $508K | Reduce -36.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 1,095 | $504K | Add +11.2% |
| ACN Accenture PLC Class A | 0.17% | 1,350 | $477K | Reduce -12.3% |
| TXN Texas Instruments Inc. | 0.17% | 2,310 | $477K | Add +1.3% |
| XYL Xylem Inc. | 0.17% | 3,522 | $476K | Reduce -25.1% |
| REGN Regeneron Pharmaceuticals | 0.17% | 440 | $463K | Add +12.8% |
| CI The Cigna Group | 0.17% | 1,316 | $456K | No change |
| ORCL Oracle Corp. | 0.16% | 2,650 | $452K | Add +4.7% |
| CVS CVS Health Corp. | 0.16% | 7,153 | $450K | No change |
| SYK Stryker Corp. | 0.16% | 1,210 | $437K | No change |
| MDT Medtronic PLC | 0.15% | 4,490 | $404K | No change |
| PLD Prologis Inc. | 0.15% | 3,187 | $402K | Add +28.1% |
| WPM Wheaton Precious Metals Corp. | 0.14% | 6,433 | $393K | Add +25.4% |
| AMT American Tower Corp. | 0.14% | 1,635 | $380K | Add +17.2% |
| ENPH Enphase Energy Inc. | 0.14% | 3,360 | $380K | Add +3.7% |
| KGC Kinross Gold Corp. | 0.14% | 40,500 | $380K | Add +19.1% |
| MSI Motorola Solutions Inc. | 0.13% | 790 | $355K | No change |
| PG The Procter & Gamble Co. | 0.13% | 2,020 | $350K | Add +14.3% |
| BDX Becton Dickinson and Co. | 0.13% | 1,450 | $350K | No change |
| RTX RTX Corp. | 0.13% | 2,869 | $348K | Reduce -4.3% |
| COST Costco Wholesale Corp. | 0.12% | 382 | $339K | Add +14.0% |
| FTNT Fortinet Inc. | 0.12% | 4,290 | $333K | Add +7.3% |
| HD Home Depot Inc. | 0.12% | 820 | $332K | Add +1.2% |
| LMT Lockheed Martin Corp. | 0.12% | 565 | $330K | Add +10.8% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.12% | 1,200 | $330K | Add +41.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 1,440 | $318K | Add +8.3% |
| ADSK Autodesk Inc. | 0.12% | 1,150 | $317K | No change |
| COP Conocophillips | 0.11% | 2,920 | $307K | Add +1.4% |
| QCOM Qualcomm Inc. | 0.11% | 1,770 | $301K | Add +9.3% |
| INTU Intuit Inc. | 0.11% | 480 | $298K | Add +18.5% |
| CHKP Check Point Software Tech | 0.11% | 1,530 | $295K | No change |
| WMT Walmart Inc. | 0.11% | 3,650 | $295K | Add +8.8% |
| AU Anglogold Ashanti PLC | 0.11% | 11,000 | $293K | Add +8.9% |
| NOW ServiceNow Inc. | 0.11% | 326 | $292K | Add +20.3% |
| GFI Gold Fields Ltd.-Spons ADR | 0.10% | 18,800 | $289K | Add +29.7% |
| INTC Intel Corp. | 0.10% | 12,100 | $284K | Add +16.1% |
| HOLX Hologic Inc. | 0.10% | 3,458 | $282K | No change |
| SNPS Synopsys Inc. | 0.10% | 555 | $281K | Add +7.8% |
| HON Honeywell International Inc. | 0.10% | 1,337 | $276K | Add +81.4% |
| AGI Alamos Gold Inc. Class A | 0.10% | 13,800 | $275K | Add +34.0% |
| ARGX Argenx SE - ADR | 0.10% | 505 | $274K | No change |
| WELL Welltower Inc. | 0.10% | 2,130 | $273K | Add +25.3% |
| A Agilent Technologies Inc. | 0.10% | 1,815 | $269K | No change |
| ARRY Array Technologies Inc. | 0.10% | 40,515 | $267K | Add +4.8% |
| NOC Northrop Grumman Corp. | 0.10% | 500 | $264K | Add +11.1% |
| AMAT Applied Materials Inc. | 0.09% | 1,268 | $256K | Add +16.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 6,450 | $256K | Add +19.6% |
| TEVA Teva Pharmaceutical-SP ADR | 0.09% | 14,100 | $254K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | Reduce -24.4% | 10.13% | −3.87 |
| NET Cloudflare Inc. Class A | Reduce -87.4% | 0.26% | −1.91 |
| DXCM Dexcom Inc. | Reduce -0.4% | 2.19% | −1.63 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -50.3% | 0.54% | −0.99 |
| MRVL Marvell Technology Inc. | Reduce -42.1% | 0.48% | −0.34 |
| AMD Advanced Micro Devices | Reduce -1.8% | 6.10% | −0.21 |
| LULU Lululemon Athletica Inc. | Reduce -3.6% | 1.20% | −0.21 |
| MRNA Moderna Inc. | Reduce -59.4% | 0.03% | −0.11 |
| NFLX Netflix Inc. | Reduce -36.4% | 0.18% | −0.10 |
| WM Waste Management Inc. | Reduce -73.2% | 0.02% | −0.07 |
| XYL Xylem Inc. | Reduce -25.1% | 0.17% | −0.07 |
| AWK American Water Works Co. Inc. | Reduce -90.6% | 0.01% | −0.06 |
| V Visa Inc. Class A | Reduce -20.8% | 0.22% | −0.05 |
| EA Electronic Arts Inc. | Reduce -45.1% | 0.05% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -19.6% | 0.21% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -18.3% | 0.24% | −0.03 |
| DE Deere & Co. | Reduce -29.5% | 0.07% | −0.02 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.02 |
| AVGO Broadcom Inc. | Reduce -7.4% | 0.52% | −0.02 |
| LHX L3HARRIS Technologies Inc. | Reduce -16.2% | 0.07% | −0.01 |
| CRH CRH PLC | Reduce -56.3% | 0.01% | −0.01 |
| AVAV Aerovironment Inc. | Reduce -43.6% | 0.02% | −0.01 |
| MOG.A Moog Inc. Class A | Reduce -51.3% | 0.01% | −0.01 |
| EOG EOG Resources Inc. | Reduce -9.6% | 0.06% | −0.01 |
| NUE Nucor Corp. | Reduce -18.0% | 0.03% | −0.01 |
| RBC RBC Bearings Inc. | Reduce -58.8% | 0.01% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -29.3% | 0.02% | −0.01 |
| WWD Woodward Inc. | Reduce -37.1% | 0.01% | −0.01 |
| AME Ametek Inc. | Reduce -13.4% | 0.06% | −0.01 |
| MTSI Macom Technology Solutions H | Reduce -74.1% | 0.00% | −0.01 |
| FCX Freeport-McMoran Inc. | Reduce -10.0% | 0.07% | −0.01 |
| IRDM Iridium Communications Inc. | Reduce -53.3% | 0.01% | −0.01 |
| STZ Constellation Brands Inc. Class A | Reduce -36.6% | 0.01% | −0.01 |
| VMC Vulcan Materials Co. | Reduce -35.0% | 0.01% | −0.01 |
| TDY Teledyne Technologies Inc. | Reduce -18.6% | 0.06% | −0.01 |
| TDG Transdigm Group Inc. | Reduce -24.3% | 0.03% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -39.1% | 0.01% | −0.01 |
| CWEN Clearway Energy Inc. Class C | Reduce -40.0% | 0.02% | −0.01 |
| AMPS Altus Power Inc. | Reduce -77.8% | 0.00% | −0.01 |
| MS Morgan Stanley | Reduce -16.8% | 0.04% | −0.01 |
| GDDY GoDaddy Inc. Class A | Reduce -55.0% | 0.01% | −0.01 |
| FER Ferrovial NV | Reduce -42.5% | 0.01% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -30.4% | 0.02% | −0.00 |
| TT Trane Technologies PLC | Reduce -26.0% | 0.03% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -13.8% | 0.05% | −0.00 |
| UNP Union Pacific Corp. | Reduce -13.7% | 0.05% | −0.00 |
| CNM Core & Main Inc. Class A | Reduce -3.6% | 0.02% | −0.00 |
| AFL Aflac Inc. | Reduce -30.2% | 0.02% | −0.00 |
| STEM Stem Inc. | Sold out | 0.00% | −0.00 |
| DHI D.R. Horton Inc. | Reduce -28.6% | 0.02% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +61.5% | 5.70% | +2.42 |
| AMZN Amazon.com Inc. | Add +119.1% | 2.98% | +1.53 |
| ADBE Adobe Inc. | Add +49.8% | 3.66% | +0.97 |
| MSFT Microsoft Corp. | Add +14.3% | 11.21% | +0.75 |
| FSLR First Solar Inc. | Add +80.0% | 0.94% | +0.45 |
| NEM Newmont Corp. | Add +5.2% | 1.15% | +0.27 |
| ABBV Abbvie Inc. | Add +8.4% | 1.16% | +0.21 |
| B Barrick Gold Corp. | Add +2.9% | 0.94% | +0.15 |
| AEM Agnico Eagle Mines Ltd. | Add +7.8% | 0.37% | +0.09 |
| EQIX Equinix Inc. | Add +4.1% | 0.49% | +0.08 |
| META Meta Platforms Inc. Class A | Add +8.6% | 0.42% | +0.07 |
| GILD Gilead Sciences Inc. | Add +7.2% | 0.30% | +0.07 |
| TSLA Tesla Inc. | Add +7.7% | 0.23% | +0.06 |
| JNJ Johnson & Johnson | Add +2.6% | 0.53% | +0.05 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +41.2% | 0.12% | +0.04 |
| WPM Wheaton Precious Metals Corp. | Add +25.4% | 0.14% | +0.04 |
| PLD Prologis Inc. | Add +28.1% | 0.15% | +0.04 |
| HON Honeywell International Inc. | Add +81.4% | 0.10% | +0.04 |
| PTC PTC Inc. | Add +426.7% | 0.05% | +0.04 |
| AGI Alamos Gold Inc. Class A | Add +34.0% | 0.10% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +2.1% | 0.39% | +0.04 |
| AMT American Tower Corp. | Add +17.2% | 0.14% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.2% | 0.18% | +0.03 |
| CRM Salesforce Inc. | Add +3.4% | 0.50% | +0.03 |
| WELL Welltower Inc. | Add +25.3% | 0.10% | +0.03 |
| KGC Kinross Gold Corp. | Add +19.1% | 0.14% | +0.03 |
| LMT Lockheed Martin Corp. | Add +10.8% | 0.12% | +0.03 |
| FTNT Fortinet Inc. | Add +7.3% | 0.12% | +0.03 |
| ORCL Oracle Corp. | Add +4.7% | 0.16% | +0.03 |
| CBRE CBRE Group Inc. Class A | Add +58.2% | 0.06% | +0.03 |
| IBM Intl Business Machines Corp. | Add +8.3% | 0.12% | +0.03 |
| IFF Intl Flavors & Fragrances | Add +167.5% | 0.04% | +0.03 |
| NOW ServiceNow Inc. | Add +20.3% | 0.11% | +0.03 |
| BTG B2GOLD Corp. | Add +63.4% | 0.05% | +0.02 |
| GFI Gold Fields Ltd.-Spons ADR | Add +29.7% | 0.10% | +0.02 |
| NOC Northrop Grumman Corp. | Add +11.1% | 0.10% | +0.02 |
| WMT Walmart Inc. | Add +8.8% | 0.11% | +0.02 |
| AMGN Amgen Inc. | Add +2.5% | 0.77% | +0.02 |
| FICO Fair Isaac Corp. | Add +290.0% | 0.03% | +0.02 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.02% | +0.02 |
| NGD New Gold Inc. | Add +59.1% | 0.04% | +0.02 |
| RMD Resmed Inc. | Add +12.5% | 0.07% | +0.02 |
| IAG Iamgold Corp. | Add +36.9% | 0.04% | +0.02 |
| ANET Arista Networks Inc. | Add +40.0% | 0.06% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +9.9% | 0.19% | +0.02 |
| PSA Public Storage | Add +9.7% | 0.07% | +0.02 |
| VST Vistra Corp. | New | 0.02% | +0.02 |
| MPWR Monolithic Power Systems Inc. | Add +148.6% | 0.03% | +0.02 |
| PG The Procter & Gamble Co. | Add +14.3% | 0.13% | +0.02 |
| ENPH Enphase Energy Inc. | Add +3.7% | 0.14% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 690 | $354.8M | NVDA, SOXX, MSFT, AAPL, ONON |
| Q1 2026 | 687 | $297.7M | NVDA, CVX, MSFT, AAPL, ONON |
| Q4 2025 | 682 | $397.2M | NVDA, MSFT, META, ONON, AMZN |
| Q3 2025 | 662 | $422.0M | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q2 2025 | 658 | $355.6M | MSFT, NVDA, AMZN, AAPL, ISRG |
| Q1 2025 | 654 | $293.3M | MSFT, NVDA, AAPL, AMZN, ISRG |
| Q4 2024 | 627 | $303.0M | MSFT, NVDA, AAPL, AMZN, ISRG |
| Q3 2024 | 582 | $275.1M | MSFT, NVDA, AMD, AAPL, ISRG |
| Q2 2024 | 564 | $267.9M | NVDA, MSFT, AMD, ISRG, GOOGL |
| Q1 2024 | 572 | $236.1M | NVDA, MSFT, AMD, PANW, NKE |