Towarzystwo Funduszy Inwestycyjnych Pzu SA
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed August 14, 2025), Towarzystwo Funduszy Inwestycyjnych Pzu SA reported 627 stock positions worth $303.0 million. Its top holding was Microsoft (MSFT) at 10.5% of the portfolio, followed by Nvidia (NVDA, 9.4%) and Apple (AAPL, 5.8%). Compared with Q3 2024, it opened 49 new positions, sold out of 5, added to 227 and reduced 66. The biggest buy was L3HARRIS Technologies (LHX, shares +5301%) and the biggest sale Nike Class B (NKE, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002071170
- Portfolio Value
- $303.0M (Q4 2024)
- SEC Filing
- 0002071170-25-000019 ↗ filed Aug 14, 2025
Holdings Value
Holdings 627 stocks · $303.0M
| MSFT Microsoft Corp. | 10.54% | 75,775 | $31.9M | Add +5.7% |
| NVDA Nvidia Corp. | 9.36% | 211,139 | $28.4M | Reduce -8.0% |
| AAPL Apple Inc. | 5.83% | 70,584 | $17.7M | Add +4.9% |
| AMZN Amazon.com Inc. | 5.68% | 78,420 | $17.2M | Add +78.1% |
| ISRG Intuitive Surgical Inc. | 4.54% | 26,382 | $13.8M | Add +1.2% |
| AMD Advanced Micro Devices | 4.39% | 110,124 | $13.3M | Add +7.7% |
| GOOGL Alphabet Inc. Class A | 3.94% | 63,120 | $11.9M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.49% | 87,518 | $10.6M | Add +1.8% |
| NKE Nike Inc. Class B | 3.25% | 130,231 | $9.9M | Reduce -3.2% |
| LHX L3HARRIS Technologies Inc. | 3.11% | 44,825 | $9.4M | Add +5300.6% |
| ADBE Adobe Inc. | 2.87% | 19,567 | $8.7M | Add +0.7% |
| PANW Palo Alto Networks Inc. | 2.87% | 47,772 | $8.7M | Add +1.0% |
| DXCM Dexcom Inc. | 2.80% | 109,267 | $8.5M | Add +21.7% |
| LULU Lululemon Athletica Inc. | 1.51% | 11,975 | $4.6M | Reduce -1.4% |
| TSLA Tesla Inc. | 1.13% | 8,445 | $3.4M | Add +256.3% |
| MU Micron Technology Inc. | 1.11% | 39,940 | $3.4M | Reduce -1.9% |
| FSLR First Solar Inc. | 0.98% | 16,776 | $3.0M | Add +62.7% |
| UNH Unitedhealth Group Inc. | 0.97% | 5,812 | $2.9M | Add +80.0% |
| ABBV Abbvie Inc. | 0.92% | 15,770 | $2.8M | Reduce -2.7% |
| LLY Eli Lilly & Co. | 0.85% | 3,352 | $2.6M | No change |
| AVGO Broadcom Inc. | 0.76% | 9,942 | $2.3M | Add +19.3% |
| NEM Newmont Corp. | 0.75% | 60,925 | $2.3M | Add +3.3% |
| B Barrick Gold Corp. | 0.69% | 134,993 | $2.1M | Add +4.1% |
| MRVL Marvell Technology Inc. | 0.62% | 16,936 | $1.9M | Reduce -7.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.61% | 5,386 | $1.8M | Add +1.4% |
| AMGN Amgen Inc. | 0.57% | 6,592 | $1.7M | No change |
| CRM Salesforce Inc. | 0.54% | 4,862 | $1.6M | Reduce -2.9% |
| EQIX Equinix Inc. | 0.52% | 1,665 | $1.6M | Add +9.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.47% | 21,751 | $1.4M | Reduce -1.4% |
| JNJ Johnson & Johnson | 0.44% | 9,283 | $1.3M | Add +3.0% |
| CCJ Cameco Corp. | 0.43% | 25,280 | $1.3M | Add +22.7% |
| XOM Exxon Mobil Corp. | 0.41% | 11,596 | $1.2M | Add +1.3% |
| META Meta Platforms Inc. Class A | 0.40% | 2,070 | $1.2M | Add +2.5% |
| AEM Agnico Eagle Mines Ltd. | 0.39% | 14,937 | $1.2M | Add +17.5% |
| CSCO Cisco Systems Inc. | 0.36% | 18,482 | $1.1M | Add +48.0% |
| MRK Merck & Co. Inc. | 0.35% | 10,690 | $1.1M | Add +3.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 2,585 | $1.0M | Reduce -0.6% |
| DHR Danaher Corp. | 0.34% | 4,500 | $1.0M | Add +2.5% |
| ABT Abbott Laboratories | 0.34% | 9,055 | $1.0M | Add +5.4% |
| V Visa Inc. Class A | 0.33% | 3,135 | $991K | Add +43.2% |
| BSX Boston Scientific Corp. | 0.31% | 10,639 | $950K | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 0.30% | 4,800 | $914K | Add +17.1% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 1,735 | $903K | Add +0.9% |
| GILD Gilead Sciences Inc. | 0.29% | 9,672 | $893K | Reduce -2.7% |
| ZS Zscaler Inc. | 0.29% | 4,793 | $865K | Add +3.0% |
| MA Mastercard Inc. Class A | 0.28% | 1,627 | $857K | Add +36.3% |
| NFLX Netflix Inc. | 0.23% | 771 | $687K | Add +7.7% |
| CVX Chevron Corp. | 0.22% | 4,660 | $675K | Add +0.4% |
| JPM JPMorgan Chase & Co. | 0.22% | 2,760 | $662K | Add +13.6% |
| PFE Pfizer Inc. | 0.21% | 24,370 | $647K | Add +19.4% |
| XYL Xylem Inc. | 0.21% | 5,509 | $639K | Add +56.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.19% | 1,295 | $587K | Add +18.3% |
| HCA HCA Healthcare Inc. | 0.16% | 1,633 | $490K | No change |
| ACN Accenture PLC Class A | 0.16% | 1,380 | $485K | Add +2.2% |
| DDOG Datadog Inc. Class A | 0.16% | 3,300 | $472K | Add +54.9% |
| ELV Elevance Health Inc. | 0.15% | 1,273 | $470K | Add +5.0% |
| ORCL Oracle Corp. | 0.15% | 2,780 | $463K | Add +4.9% |
| SYK Stryker Corp. | 0.15% | 1,235 | $445K | Add +2.1% |
| FTNT Fortinet Inc. | 0.15% | 4,680 | $442K | Add +9.1% |
| TXN Texas Instruments Inc. | 0.15% | 2,350 | $441K | Add +1.7% |
| MSI Motorola Solutions Inc. | 0.14% | 950 | $439K | Add +20.3% |
| NET Cloudflare Inc. Class A | 0.14% | 4,070 | $438K | Reduce -54.1% |
| CHKP Check Point Software Tech | 0.14% | 2,200 | $411K | Add +43.8% |
| PLD Prologis Inc. | 0.13% | 3,717 | $393K | Add +16.6% |
| WMT Walmart Inc. | 0.13% | 4,260 | $385K | Add +16.7% |
| COST Costco Wholesale Corp. | 0.13% | 415 | $380K | Add +8.6% |
| HD Home Depot Inc. | 0.12% | 960 | $373K | Add +17.1% |
| PG The Procter & Gamble Co. | 0.12% | 2,215 | $371K | Add +9.7% |
| CI The Cigna Group | 0.12% | 1,316 | $363K | No change |
| MDT Medtronic PLC | 0.12% | 4,490 | $359K | No change |
| NOW ServiceNow Inc. | 0.12% | 336 | $356K | Add +3.1% |
| BA The Boeing Co. | 0.12% | 1,980 | $350K | Add +37.5% |
| CYBR Cyberark Software Ltd./Israel | 0.11% | 1,040 | $346K | Add +82.5% |
| COP Conocophillips | 0.11% | 3,484 | $346K | Add +19.3% |
| WPM Wheaton Precious Metals Corp. | 0.11% | 6,059 | $341K | Reduce -5.8% |
| HON Honeywell International Inc. | 0.11% | 1,460 | $330K | Add +9.2% |
| BDX Becton Dickinson and Co. | 0.11% | 1,450 | $329K | No change |
| AU Anglogold Ashanti PLC | 0.11% | 14,212 | $328K | Add +29.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 1,490 | $328K | Add +3.5% |
| RTX RTX Corp. | 0.11% | 2,820 | $326K | Reduce -1.7% |
| GEN Gen Digital Inc. | 0.11% | 11,850 | $324K | Add +57.0% |
| AMT American Tower Corp. | 0.11% | 1,755 | $322K | Add +7.3% |
| CVS CVS Health Corp. | 0.11% | 7,153 | $321K | No change |
| TEVA Teva Pharmaceutical-SP ADR | 0.10% | 14,100 | $311K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 7,000 | $308K | Add +8.5% |
| KGC Kinross Gold Corp. | 0.10% | 32,500 | $302K | Reduce -19.8% |
| AXON Axon Enterprise Inc. | 0.10% | 505 | $300K | Reduce -90.5% |
| WELL Welltower Inc. | 0.10% | 2,330 | $294K | Add +9.4% |
| REGN Regeneron Pharmaceuticals | 0.10% | 405 | $288K | Reduce -8.0% |
| ADSK Autodesk Inc. | 0.09% | 970 | $287K | Reduce -15.7% |
| ENPH Enphase Energy Inc. | 0.09% | 4,060 | $279K | Add +20.8% |
| INTU Intuit Inc. | 0.09% | 440 | $277K | Reduce -8.3% |
| QCOM Qualcomm Inc. | 0.09% | 1,790 | $275K | Add +1.1% |
| LMT Lockheed Martin Corp. | 0.09% | 565 | $275K | No change |
| JAZZ Jazz Pharmaceuticals PLC | 0.09% | 2,220 | $273K | No change |
| SNPS Synopsys Inc. | 0.09% | 560 | $272K | Add +0.9% |
| GFI Gold Fields Ltd.-Spons ADR | 0.09% | 20,500 | $271K | Add +9.0% |
| ARGX Argenx SE - ADR | 0.09% | 435 | $268K | Reduce -13.9% |
| PLTR Palantir Technologies Inc. Class A | 0.09% | 3,530 | $267K | Add +1.4% |
| PH Parker Hannifin Corp. | 0.09% | 410 | $261K | Add +164.5% |
Portfolio Sells Q3 2024 → Q4 2024
| NKE Nike Inc. Class B | Reduce -3.2% | 3.25% | −1.07 |
| NVDA Nvidia Corp. | Reduce -8.0% | 9.36% | −0.77 |
| AXON Axon Enterprise Inc. | Reduce -90.5% | 0.10% | −0.67 |
| MU Micron Technology Inc. | Reduce -1.9% | 1.11% | −0.42 |
| ABBV Abbvie Inc. | Reduce -2.7% | 0.92% | −0.24 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -1.4% | 0.47% | −0.15 |
| NET Cloudflare Inc. Class A | Reduce -54.1% | 0.14% | −0.12 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.6% | 0.34% | −0.10 |
| RSG Republic Services Inc. | Reduce -79.4% | 0.02% | −0.07 |
| REGN Regeneron Pharmaceuticals | Reduce -8.0% | 0.10% | −0.07 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -64.8% | 0.03% | −0.05 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.04 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -16.5% | 0.08% | −0.04 |
| KGC Kinross Gold Corp. | Reduce -19.8% | 0.10% | −0.04 |
| RKLB Rocket Lab USA Inc. | Reduce -81.3% | 0.03% | −0.03 |
| WPM Wheaton Precious Metals Corp. | Reduce -5.8% | 0.11% | −0.03 |
| IFF Intl Flavors & Fragrances | Reduce -60.8% | 0.01% | −0.03 |
| FCX Freeport-McMoran Inc. | Reduce -11.6% | 0.04% | −0.03 |
| AGI Alamos Gold Inc. Class A | Reduce -12.3% | 0.07% | −0.03 |
| ARRY Array Technologies Inc. | Reduce -9.4% | 0.07% | −0.02 |
| BIIB Biogen Inc. | Reduce -25.4% | 0.02% | −0.02 |
| ADSK Autodesk Inc. | Reduce -15.7% | 0.09% | −0.02 |
| RUN Sunrun Inc. | Reduce -27.7% | 0.01% | −0.02 |
| PL Planet Labs PBC | Reduce -91.1% | 0.00% | −0.02 |
| RTX RTX Corp. | Reduce -1.7% | 0.11% | −0.02 |
| KLAC KLA Corp. | Reduce -2.2% | 0.05% | −0.02 |
| CNQ Canadian Natural Resources | Reduce -16.7% | 0.04% | −0.02 |
| INTU Intuit Inc. | Reduce -8.3% | 0.09% | −0.02 |
| TTWO Take-Two Interactive Softwre | Reduce -55.2% | 0.02% | −0.02 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −0.02 |
| CDE Coeur Mining Inc. | Reduce -18.8% | 0.02% | −0.02 |
| SEDG Solaredge Technologies Inc. | Reduce -12.4% | 0.01% | −0.01 |
| EGO Eldorado Gold Corp. | Reduce -8.3% | 0.03% | −0.01 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.01 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.01 |
| GRMN Garmin Ltd. | Reduce -22.1% | 0.06% | −0.01 |
| UPS United Parcel Service Class B | Reduce -17.3% | 0.03% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -0.5% | 0.31% | −0.01 |
| CARR Carrier Global Corp. | Reduce -28.6% | 0.01% | −0.01 |
| PTC PTC Inc. | Reduce -16.5% | 0.04% | −0.01 |
| HEI Heico Corp. | Reduce -34.6% | 0.01% | −0.01 |
| ARGX Argenx SE - ADR | Reduce -13.9% | 0.09% | −0.01 |
| HES Hess Corp. | Reduce -13.4% | 0.03% | −0.01 |
| T AT&T Inc. | Reduce -12.3% | 0.04% | −0.01 |
| PEG Public Service Enterprise GP | Reduce -33.8% | 0.01% | −0.01 |
| HPE Hewlett Packard Enterprise | Reduce -63.2% | 0.00% | −0.01 |
| AIG American International Group | Reduce -31.5% | 0.01% | −0.01 |
| CBT Cabot Corp. | Reduce -84.0% | 0.00% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -2.7% | 0.29% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Reduce -20.7% | 0.02% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| LHX L3HARRIS Technologies Inc. | Add +5300.6% | 3.11% | +3.04 |
| AMZN Amazon.com Inc. | Add +78.1% | 5.68% | +2.69 |
| TSLA Tesla Inc. | Add +256.3% | 1.13% | +0.90 |
| DXCM Dexcom Inc. | Add +21.7% | 2.80% | +0.62 |
| UNH Unitedhealth Group Inc. | Add +80.0% | 0.97% | +0.28 |
| AVGO Broadcom Inc. | Add +19.3% | 0.76% | +0.24 |
| AAPL Apple Inc. | Add +4.9% | 5.83% | +0.14 |
| CSCO Cisco Systems Inc. | Add +48.0% | 0.36% | +0.12 |
| V Visa Inc. Class A | Add +43.2% | 0.33% | +0.11 |
| CCJ Cameco Corp. | Add +22.7% | 0.43% | +0.07 |
| MA Mastercard Inc. Class A | Add +36.3% | 0.28% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.4% | 0.61% | +0.07 |
| DDOG Datadog Inc. Class A | Add +54.9% | 0.16% | +0.07 |
| CYBR Cyberark Software Ltd./Israel | Add +82.5% | 0.11% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +17.1% | 0.30% | +0.05 |
| PH Parker Hannifin Corp. | Add +164.5% | 0.09% | +0.05 |
| NFLX Netflix Inc. | Add +7.7% | 0.23% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +1.4% | 0.09% | +0.04 |
| FSLR First Solar Inc. | Add +62.7% | 0.98% | +0.04 |
| XYL Xylem Inc. | Add +56.4% | 0.21% | +0.04 |
| BA The Boeing Co. | Add +37.5% | 0.12% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +13.6% | 0.22% | +0.03 |
| GEN Gen Digital Inc. | Add +57.0% | 0.11% | +0.03 |
| RBRK Rubrik Inc. Class A | New | 0.03% | +0.03 |
| AKAM Akamai Technologies Inc. | Add +109.7% | 0.07% | +0.03 |
| CHKP Check Point Software Tech | Add +43.8% | 0.14% | +0.03 |
| APP AppLovin Corp. Class A | Add +181.8% | 0.03% | +0.03 |
| EQIX Equinix Inc. | Add +9.5% | 0.52% | +0.03 |
| OKTA Okta Inc. | Add +56.8% | 0.08% | +0.03 |
| MSTR Strategy Inc. | Add +143.3% | 0.03% | +0.03 |
| FTNT Fortinet Inc. | Add +9.1% | 0.15% | +0.03 |
| PM Philip Morris International | Add +95.8% | 0.06% | +0.02 |
| JNPR Juniper Networks Inc. | Add +86.2% | 0.05% | +0.02 |
| WFC Wells Fargo & Co. | Add +18.3% | 0.08% | +0.02 |
| DASH DoorDash Inc. Class A | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +16.7% | 0.13% | +0.02 |
| PNR Pentair PLC | Add +67.0% | 0.05% | +0.02 |
| SHOP Shopify Inc. Class A | Add +20.7% | 0.06% | +0.02 |
| VRT Vertiv Holdings Co. Class A | New | 0.02% | +0.02 |
| BKNG Booking Holdings Inc. | Add +31.0% | 0.06% | +0.02 |
| HUBS HubSpot Inc. | Add +140.0% | 0.03% | +0.02 |
| DSGX The Descartes Systems Grp | Add +167.9% | 0.03% | +0.02 |
| TRGP Targa Resources Corp. | New | 0.02% | +0.02 |
| SPOT Spotify Technology SA | New | 0.02% | +0.02 |
| ETR Entergy Corp. | New | 0.02% | +0.02 |
| ARES Ares Management Corp. Class A | New | 0.02% | +0.02 |
| MSI Motorola Solutions Inc. | Add +20.3% | 0.14% | +0.02 |
| WCC Wesco International Inc. | Add +216.7% | 0.02% | +0.02 |
| DIS The Walt Disney Co. | Add +23.4% | 0.07% | +0.02 |
| DLR Digital Realty Trust Inc. | Add +22.6% | 0.08% | +0.01 |
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 |