Towarzystwo Funduszy Inwestycyjnych Pzu SA
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 14, 2025), Towarzystwo Funduszy Inwestycyjnych Pzu SA reported 654 stock positions worth $293.3 million. Its top holding was Microsoft (MSFT) at 9.5% of the portfolio, followed by Nvidia (NVDA, 8.3%) and Apple (AAPL, 5.7%). Compared with Q4 2024, it opened 35 new positions, sold out of 10, added to 231 and reduced 49. The biggest buy was Salesforce (CRM, shares +508%) and the biggest sale Advanced Micro Devices (AMD, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002071170
- Portfolio Value
- $293.3M (Q1 2025)
- SEC Filing
- 0002071170-25-000020 ↗ filed Aug 14, 2025
Holdings Value
Holdings 654 stocks · $293.3M
| MSFT Microsoft Corp. | 9.46% | 73,945 | $27.8M | Reduce -2.4% |
| NVDA Nvidia Corp. | 8.28% | 223,983 | $24.3M | Add +6.1% |
| AAPL Apple Inc. | 5.70% | 75,284 | $16.7M | Add +6.7% |
| AMZN Amazon.com Inc. | 4.84% | 74,574 | $14.2M | Reduce -4.9% |
| ISRG Intuitive Surgical Inc. | 4.05% | 23,997 | $11.9M | Reduce -9.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.55% | 85,375 | $10.4M | Reduce -2.5% |
| LHX L3HARRIS Technologies Inc. | 3.32% | 46,483 | $9.7M | Add +3.7% |
| GOOGL Alphabet Inc. Class A | 3.24% | 61,356 | $9.5M | Reduce -2.8% |
| NKE Nike Inc. Class B | 2.87% | 132,698 | $8.4M | Add +1.9% |
| CRM Salesforce Inc. | 2.71% | 29,563 | $7.9M | Add +508.0% |
| PANW Palo Alto Networks Inc. | 2.68% | 46,132 | $7.9M | Reduce -3.4% |
| ADBE Adobe Inc. | 2.64% | 20,168 | $7.7M | Add +3.1% |
| DXCM Dexcom Inc. | 2.26% | 97,118 | $6.6M | Reduce -11.1% |
| TTWO Take-Two Interactive Softwre | 1.48% | 20,977 | $4.3M | Add +7968.1% |
| MDB Mongodb Inc. | 1.38% | 23,060 | $4.0M | Add +38333.3% |
| AXON Axon Enterprise Inc. | 1.27% | 7,109 | $3.7M | Add +1307.7% |
| NEM Newmont Corp. | 1.07% | 64,725 | $3.1M | Add +6.2% |
| UNH Unitedhealth Group Inc. | 1.03% | 5,762 | $3.0M | Reduce -0.9% |
| ABBV Abbvie Inc. | 0.97% | 13,538 | $2.8M | Reduce -14.2% |
| B Barrick Gold Corp. | 0.94% | 141,231 | $2.8M | Add +4.6% |
| LLY Eli Lilly & Co. | 0.93% | 3,311 | $2.7M | Reduce -1.2% |
| TLT iShares 20+ Year Treasury BD | 0.91% | 29,300 | $2.7M | New |
| NET Cloudflare Inc. Class A | 0.81% | 20,970 | $2.4M | Add +415.2% |
| FSLR First Solar Inc. | 0.74% | 17,136 | $2.2M | Add +2.1% |
| AMGN Amgen Inc. | 0.74% | 6,945 | $2.2M | Add +5.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.68% | 5,680 | $2.0M | Add +5.5% |
| AEM Agnico Eagle Mines Ltd. | 0.62% | 16,674 | $1.8M | Add +11.6% |
| PL Planet Labs PBC | 0.55% | 475,500 | $1.6M | Add +18920.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.54% | 21,550 | $1.6M | Reduce -0.9% |
| AVGO Broadcom Inc. | 0.53% | 9,332 | $1.6M | Reduce -6.1% |
| JNJ Johnson & Johnson | 0.53% | 9,292 | $1.5M | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.52% | 2,650 | $1.5M | Add +28.0% |
| XOM Exxon Mobil Corp. | 0.52% | 12,840 | $1.5M | Add +10.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.48% | 33,500 | $1.4M | New |
| CCJ Cameco Corp. | 0.47% | 33,250 | $1.4M | Add +31.5% |
| MRVL Marvell Technology Inc. | 0.45% | 21,436 | $1.3M | Add +26.6% |
| GILD Gilead Sciences Inc. | 0.41% | 10,802 | $1.2M | Add +11.7% |
| ABT Abbott Laboratories | 0.41% | 9,055 | $1.2M | No change |
| V Visa Inc. Class A | 0.39% | 3,270 | $1.1M | Add +4.3% |
| CSCO Cisco Systems Inc. | 0.37% | 17,535 | $1.1M | Reduce -5.1% |
| MU Micron Technology Inc. | 0.37% | 12,420 | $1.1M | Reduce -68.9% |
| ZS Zscaler Inc. | 0.34% | 5,083 | $1.0M | Add +6.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 2,069 | $1.0M | Reduce -20.0% |
| MRK Merck & Co. Inc. | 0.33% | 10,730 | $963K | Add +0.4% |
| BSX Boston Scientific Corp. | 0.31% | 9,124 | $920K | Reduce -14.2% |
| CVX Chevron Corp. | 0.29% | 5,030 | $841K | Add +7.9% |
| TMO Thermo Fisher Scientific Inc. | 0.28% | 1,679 | $835K | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 0.28% | 5,220 | $816K | Add +8.8% |
| MA Mastercard Inc. Class A | 0.28% | 1,477 | $810K | Reduce -9.2% |
| TSLA Tesla Inc. | 0.27% | 3,050 | $790K | Reduce -63.9% |
| NFLX Netflix Inc. | 0.26% | 821 | $766K | Add +6.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 1,400 | $746K | Add +8.1% |
| JPM JPMorgan Chase & Co. | 0.25% | 3,010 | $738K | Add +9.1% |
| XYL Xylem Inc. | 0.24% | 5,919 | $707K | Add +7.4% |
| EQIX Equinix Inc. | 0.23% | 845 | $689K | Reduce -49.3% |
| LULU Lululemon Athletica Inc. | 0.22% | 2,325 | $658K | Reduce -80.6% |
| DHR Danaher Corp. | 0.22% | 3,210 | $658K | Reduce -28.7% |
| PFE Pfizer Inc. | 0.20% | 23,070 | $585K | Reduce -5.3% |
| AU Anglogold Ashanti PLC | 0.20% | 15,712 | $583K | Add +10.6% |
| HCA HCA Healthcare Inc. | 0.19% | 1,633 | $564K | No change |
| WPM Wheaton Precious Metals Corp. | 0.19% | 7,235 | $563K | Add +19.4% |
| ELV Elevance Health Inc. | 0.19% | 1,273 | $554K | No change |
| CHKP Check Point Software Tech | 0.19% | 2,410 | $549K | Add +9.6% |
| KGC Kinross Gold Corp. | 0.18% | 41,200 | $521K | Add +26.8% |
| FTNT Fortinet Inc. | 0.17% | 5,130 | $494K | Add +9.6% |
| SYK Stryker Corp. | 0.17% | 1,305 | $486K | Add +5.7% |
| CVS CVS Health Corp. | 0.17% | 7,153 | $485K | No change |
| MSI Motorola Solutions Inc. | 0.16% | 1,060 | $464K | Add +11.6% |
| COST Costco Wholesale Corp. | 0.16% | 490 | $463K | Add +18.1% |
| PLD Prologis Inc. | 0.16% | 4,090 | $457K | Add +10.0% |
| GFI Gold Fields Ltd.-Spons ADR | 0.15% | 20,500 | $453K | No change |
| ACN Accenture PLC Class A | 0.15% | 1,425 | $445K | Add +3.3% |
| IYH iShares U.S. Healthcare ETF | 0.15% | 7,230 | $440K | New |
| TXN Texas Instruments Inc. | 0.15% | 2,440 | $438K | Add +3.8% |
| AMT American Tower Corp. | 0.15% | 1,995 | $434K | Add +13.7% |
| CI The Cigna Group | 0.15% | 1,316 | $433K | No change |
| AGI Alamos Gold Inc. Class A | 0.14% | 15,850 | $425K | Add +31.0% |
| PG The Procter & Gamble Co. | 0.14% | 2,490 | $424K | Add +12.4% |
| MDT Medtronic PLC | 0.14% | 4,710 | $423K | Add +4.9% |
| COP Conocophillips | 0.14% | 3,974 | $417K | Add +14.1% |
| WMT Walmart Inc. | 0.14% | 4,730 | $415K | Add +11.0% |
| CYBR Cyberark Software Ltd./Israel | 0.14% | 1,205 | $407K | Add +15.9% |
| WELL Welltower Inc. | 0.14% | 2,620 | $401K | Add +12.4% |
| RTX RTX Corp. | 0.14% | 3,020 | $400K | Add +7.1% |
| HD Home Depot Inc. | 0.13% | 1,075 | $394K | Add +12.0% |
| ORCL Oracle Corp. | 0.13% | 2,770 | $387K | Reduce -0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 1,540 | $383K | Add +3.4% |
| IGV iShares Expanded Tech-Softwa | 0.13% | 4,200 | $374K | New |
| BA The Boeing Co. | 0.12% | 2,120 | $362K | Add +7.1% |
| BDX Becton Dickinson and Co. | 0.12% | 1,570 | $360K | Add +8.3% |
| DDOG Datadog Inc. Class A | 0.12% | 3,555 | $353K | Add +7.7% |
| GEN Gen Digital Inc. | 0.12% | 12,850 | $341K | Add +8.4% |
| HON Honeywell International Inc. | 0.11% | 1,570 | $332K | Add +7.5% |
| OKTA Okta Inc. | 0.11% | 3,120 | $328K | Add +3.6% |
| INTC Intel Corp. | 0.11% | 14,450 | $328K | Add +11.2% |
| REGN Regeneron Pharmaceuticals | 0.11% | 500 | $317K | Add +23.5% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.11% | 1,162 | $314K | Add +16.0% |
| KO The Coca-Cola Co. | 0.10% | 4,270 | $306K | Add +7.6% |
| HMY Harmony Gold MNG-Spon ADR | 0.10% | 20,400 | $301K | No change |
| NOW ServiceNow Inc. | 0.10% | 375 | $299K | Add +11.6% |
Portfolio Sells Q4 2024 → Q1 2025
| AMD Advanced Micro Devices | Reduce -97.5% | 0.10% | −4.29 |
| LULU Lululemon Athletica Inc. | Reduce -80.6% | 0.22% | −1.29 |
| MSFT Microsoft Corp. | Reduce -2.4% | 9.46% | −1.07 |
| TSLA Tesla Inc. | Reduce -63.9% | 0.27% | −0.86 |
| AMZN Amazon.com Inc. | Reduce -4.9% | 4.84% | −0.84 |
| MU Micron Technology Inc. | Reduce -68.9% | 0.37% | −0.74 |
| GOOGL Alphabet Inc. Class A | Reduce -2.8% | 3.24% | −0.71 |
| DXCM Dexcom Inc. | Reduce -11.1% | 2.26% | −0.54 |
| ISRG Intuitive Surgical Inc. | Reduce -9.0% | 4.05% | −0.49 |
| EQIX Equinix Inc. | Reduce -49.3% | 0.23% | −0.28 |
| AVGO Broadcom Inc. | Reduce -6.1% | 0.53% | −0.23 |
| PANW Palo Alto Networks Inc. | Reduce -3.4% | 2.68% | −0.18 |
| DHR Danaher Corp. | Reduce -28.7% | 0.22% | −0.12 |
| ARRY Array Technologies Inc. | Reduce -89.1% | 0.01% | −0.07 |
| EA Electronic Arts Inc. | Reduce -65.3% | 0.02% | −0.03 |
| ORCL Oracle Corp. | Reduce -0.4% | 0.13% | −0.02 |
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Reduce -5.3% | 0.20% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.2% | 0.28% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -6.3% | 0.07% | −0.01 |
| HUBS HubSpot Inc. | Reduce -20.8% | 0.02% | −0.01 |
| PSN Parsons Corp. | Reduce -74.2% | 0.00% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -27.3% | 0.01% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -22.3% | 0.03% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -9.2% | 0.28% | −0.01 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.01 |
| CEG Constellation Energy | Reduce -17.4% | 0.02% | −0.01 |
| NOVAQ Sunnova Energy International | Sold out | 0.00% | −0.01 |
| ENTG Entegris Inc. | Reduce -80.0% | 0.00% | −0.01 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.01 |
| FAST Fastenal Co. | Reduce -31.3% | 0.01% | −0.00 |
| APA Apa Corp. | Sold out | 0.00% | −0.00 |
| HPQ HP Inc. | Reduce -4.3% | 0.02% | −0.00 |
| VRSK Verisk Analytics Inc. | Reduce -27.3% | 0.02% | −0.00 |
| VRSN Verisign Inc. | Reduce -50.0% | 0.01% | −0.00 |
| PH Parker Hannifin Corp. | Reduce -2.4% | 0.08% | −0.00 |
| TFX Teleflex Inc. | Sold out | 0.00% | −0.00 |
| NNDM Nano Dimension Ltd. - ADR | Sold out | 0.00% | −0.00 |
| AES AES Corp. | Sold out | 0.00% | −0.00 |
| ETSY Etsy Inc. | Sold out | 0.00% | −0.00 |
| VFC VF Corp. | Sold out | 0.00% | −0.00 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -20.0% | 0.34% | −0.00 |
| AZO AutoZone Inc. | Reduce -23.8% | 0.02% | −0.00 |
| CTAS Cintas Corp. | Reduce -17.8% | 0.03% | −0.00 |
| FSV Firstservice Corp. | Reduce -5.0% | 0.01% | −0.00 |
| GRAL Grail Inc. | Reduce -78.3% | 0.00% | −0.00 |
| ROP Roper Technologies Inc. | Reduce -16.2% | 0.03% | −0.00 |
| TEL Te Connectivity PLC | Reduce -1.6% | 0.03% | +0.00 |
| BSX Boston Scientific Corp. | Reduce -14.2% | 0.31% | +0.00 |
| MAA Mid-America Apartment Comm | Reduce -3.6% | 0.03% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| CRM Salesforce Inc. | Add +508.0% | 2.71% | +2.17 |
| TTWO Take-Two Interactive Softwre | Add +7968.1% | 1.48% | +1.47 |
| MDB Mongodb Inc. | Add +38333.3% | 1.38% | +1.37 |
| AXON Axon Enterprise Inc. | Add +1307.7% | 1.27% | +1.18 |
| TLT iShares 20+ Year Treasury BD | New | 0.91% | +0.91 |
| NET Cloudflare Inc. Class A | Add +415.2% | 0.81% | +0.66 |
| PL Planet Labs PBC | Add +18920.0% | 0.55% | +0.54 |
| SHYG iShares 0-5 YR HY Corp. Bond | New | 0.48% | +0.48 |
| NEM Newmont Corp. | Add +6.2% | 1.07% | +0.32 |
| B Barrick Gold Corp. | Add +4.6% | 0.94% | +0.25 |
| AEM Agnico Eagle Mines Ltd. | Add +11.6% | 0.62% | +0.23 |
| LHX L3HARRIS Technologies Inc. | Add +3.7% | 3.32% | +0.21 |
| AMGN Amgen Inc. | Add +5.3% | 0.74% | +0.17 |
| IYH iShares U.S. Healthcare ETF | New | 0.15% | +0.15 |
| IGV iShares Expanded Tech-Softwa | New | 0.13% | +0.13 |
| META Meta Platforms Inc. Class A | Add +28.0% | 0.52% | +0.12 |
| GILD Gilead Sciences Inc. | Add +11.7% | 0.41% | +0.12 |
| XOM Exxon Mobil Corp. | Add +10.7% | 0.52% | +0.11 |
| AU Anglogold Ashanti PLC | Add +10.6% | 0.20% | +0.09 |
| JNJ Johnson & Johnson | Add +0.1% | 0.53% | +0.08 |
| WPM Wheaton Precious Metals Corp. | Add +19.4% | 0.19% | +0.08 |
| KGC Kinross Gold Corp. | Add +26.8% | 0.18% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +5.5% | 0.68% | +0.07 |
| AGI Alamos Gold Inc. Class A | Add +31.0% | 0.14% | +0.07 |
| CVX Chevron Corp. | Add +7.9% | 0.29% | +0.06 |
| V Visa Inc. Class A | Add +4.3% | 0.39% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.1% | 0.25% | +0.06 |
| ZS Zscaler Inc. | Add +6.0% | 0.34% | +0.06 |
| CHKP Check Point Software Tech | Add +9.6% | 0.19% | +0.05 |
| AMT American Tower Corp. | Add +13.7% | 0.15% | +0.04 |
| WELL Welltower Inc. | Add +12.4% | 0.14% | +0.04 |
| CCJ Cameco Corp. | Add +31.5% | 0.47% | +0.04 |
| NFLX Netflix Inc. | Add +6.5% | 0.26% | +0.03 |
| OKTA Okta Inc. | Add +3.6% | 0.11% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +9.1% | 0.25% | +0.03 |
| COST Costco Wholesale Corp. | Add +18.1% | 0.16% | +0.03 |
| CDE Coeur Mining Inc. | Add +115.4% | 0.06% | +0.03 |
| T AT&T Inc. | Add +33.5% | 0.08% | +0.03 |
| XYL Xylem Inc. | Add +7.4% | 0.24% | +0.03 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +16.0% | 0.11% | +0.03 |
| PM Philip Morris International | Add +11.3% | 0.09% | +0.03 |
| NTRA Natera Inc. | New | 0.03% | +0.03 |
| RTX RTX Corp. | Add +7.1% | 0.14% | +0.03 |
| COP Conocophillips | Add +14.1% | 0.14% | +0.03 |
| CCI Crown Castle Inc. | Add +32.5% | 0.08% | +0.03 |
| PLD Prologis Inc. | Add +10.0% | 0.16% | +0.03 |
| MDT Medtronic PLC | Add +4.9% | 0.14% | +0.03 |
| INTC Intel Corp. | Add +11.2% | 0.11% | +0.03 |
| ZBH Zimmer Biomet Holdings Inc. | Add +48.9% | 0.06% | +0.02 |
| CYBR Cyberark Software Ltd./Israel | Add +15.9% | 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 |