Towarzystwo Funduszy Inwestycyjnych Pzu SA
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Towarzystwo Funduszy Inwestycyjnych Pzu SA reported 658 stock positions worth $355.6 million. Its top holding was Microsoft (MSFT) at 10.9% of the portfolio, followed by Nvidia (NVDA, 10.1%) and Amazon.com (AMZN, 4.7%). Compared with Q1 2025, it opened 24 new positions, sold out of 21, added to 217 and reduced 99. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale Intuitive Surgical (ISRG, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WARSAW, R9
- CIK
- 0002071170
- Portfolio Value
- $355.6M (Q2 2025)
- SEC Filing
- 0002071170-25-000021 ↗ filed Aug 14, 2025
Holdings Value
Holdings 658 stocks · $355.6M
| MSFT Microsoft Corp. | 10.88% | 77,776 | $38.7M | Add +5.2% |
| NVDA Nvidia Corp. | 10.12% | 227,858 | $36.0M | Add +1.7% |
| AMZN Amazon.com Inc. | 4.66% | 75,534 | $16.6M | Add +1.3% |
| AAPL Apple Inc. | 4.59% | 79,608 | $16.3M | Add +5.7% |
| ISRG Intuitive Surgical Inc. | 3.60% | 23,554 | $12.8M | Reduce -1.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.58% | 102,993 | $12.7M | Add +20.6% |
| GOOGL Alphabet Inc. Class A | 3.32% | 67,080 | $11.8M | Add +9.3% |
| LHX L3HARRIS Technologies Inc. | 3.30% | 46,753 | $11.7M | Add +0.6% |
| PANW Palo Alto Networks Inc. | 2.68% | 46,612 | $9.5M | Add +1.0% |
| NKE Nike Inc. Class B | 2.65% | 132,698 | $9.4M | No change |
| CRM Salesforce Inc. | 2.53% | 32,994 | $9.0M | Add +11.6% |
| DXCM Dexcom Inc. | 2.32% | 94,678 | $8.3M | Reduce -2.5% |
| ADBE Adobe Inc. | 2.21% | 20,308 | $7.9M | Add +0.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.83% | 125,280 | $6.5M | New |
| TTWO Take-Two Interactive Softwre | 1.57% | 22,983 | $5.6M | Add +9.6% |
| MDB Mongodb Inc. | 1.36% | 23,060 | $4.8M | No change |
| NEM Newmont Corp. | 1.12% | 68,565 | $4.0M | Add +5.9% |
| NET Cloudflare Inc. Class A | 1.08% | 19,650 | $3.8M | Reduce -6.3% |
| AXON Axon Enterprise Inc. | 0.84% | 3,593 | $3.0M | Reduce -49.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.83% | 5,790 | $2.9M | Add +1.9% |
| B Barrick Mining Corp. | 0.81% | 138,765 | $2.9M | Reduce -1.8% |
| PL Planet Labs PBC | 0.76% | 440,500 | $2.7M | Reduce -7.4% |
| LLY Eli Lilly & Co. | 0.75% | 3,424 | $2.7M | Add +3.4% |
| TLT iShares 20+ Year Treasury BD | 0.73% | 29,600 | $2.6M | Add +1.0% |
| AVGO Broadcom Inc. | 0.73% | 9,463 | $2.6M | Add +1.4% |
| FSLR First Solar Inc. | 0.70% | 15,096 | $2.5M | Reduce -11.9% |
| ABBV Abbvie Inc. | 0.69% | 13,302 | $2.5M | Reduce -1.7% |
| CCJ Cameco Corp. | 0.69% | 33,250 | $2.5M | No change |
| META Meta Platforms Inc. Class A | 0.64% | 3,080 | $2.3M | Add +16.2% |
| AEM Agnico Eagle Mines Ltd. | 0.61% | 18,224 | $2.2M | Add +9.3% |
| AMGN Amgen Inc. | 0.52% | 6,685 | $1.9M | Reduce -3.7% |
| UNH Unitedhealth Group Inc. | 0.52% | 5,959 | $1.9M | Add +3.4% |
| JNJ Johnson & Johnson | 0.45% | 10,577 | $1.6M | Add +13.8% |
| MU Micron Technology Inc. | 0.44% | 12,630 | $1.6M | Add +1.7% |
| XOM Exxon Mobil Corp. | 0.44% | 14,440 | $1.6M | Add +12.5% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.41% | 33,500 | $1.4M | No change |
| CSCO Cisco Systems Inc. | 0.37% | 19,195 | $1.3M | Add +9.5% |
| ZS Zscaler Inc. | 0.37% | 4,143 | $1.3M | Reduce -18.5% |
| WPM Wheaton Precious Metals Corp. | 0.36% | 14,236 | $1.3M | Add +96.8% |
| V Visa Inc. Class A | 0.35% | 3,485 | $1.2M | Add +6.6% |
| NFLX Netflix Inc. | 0.32% | 846 | $1.1M | Add +3.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.31% | 15,972 | $1.1M | Reduce -25.9% |
| GILD Gilead Sciences Inc. | 0.30% | 9,572 | $1.1M | Reduce -11.4% |
| ABT Abbott Laboratories | 0.30% | 7,720 | $1.0M | Reduce -14.7% |
| TSLA Tesla Inc. | 0.29% | 3,230 | $1.0M | Add +5.9% |
| GOOG Alphabet Inc. Class C | 0.28% | 5,610 | $995K | Add +7.5% |
| JPM JPMorgan Chase & Co. | 0.26% | 3,200 | $928K | Add +6.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.25% | 1,994 | $888K | Reduce -3.6% |
| MRK Merck & Co. Inc. | 0.24% | 10,953 | $867K | Add +2.1% |
| MA Mastercard Inc. Class A | 0.24% | 1,527 | $858K | Add +3.4% |
| BSX Boston Scientific Corp. | 0.23% | 7,542 | $810K | Reduce -17.3% |
| CVX Chevron Corp. | 0.22% | 5,430 | $778K | Add +8.0% |
| XYL Xylem Inc. | 0.21% | 5,779 | $748K | Reduce -2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 1,495 | $726K | Add +6.8% |
| ORCL Oracle Corp. | 0.20% | 3,220 | $704K | Add +16.3% |
| AU Anglogold Ashanti PLC | 0.19% | 15,212 | $693K | Reduce -3.2% |
| KGC Kinross Gold Corp. | 0.19% | 44,000 | $685K | Add +6.8% |
| TMO Thermo Fisher Scientific Inc. | 0.19% | 1,638 | $664K | Reduce -2.4% |
| GFI Gold Fields Ltd.-Spons ADR | 0.18% | 27,200 | $644K | Add +32.7% |
| DHR Danaher Corp. | 0.18% | 3,210 | $634K | No change |
| SPOT Spotify Technology SA | 0.17% | 793 | $609K | Add +286.8% |
| TXN Texas Instruments Inc. | 0.17% | 2,910 | $604K | Add +19.3% |
| PFE Pfizer Inc. | 0.17% | 24,860 | $603K | Add +7.8% |
| SYK Stryker Corp. | 0.17% | 1,523 | $603K | Add +16.7% |
| DDOG Datadog Inc. Class A | 0.17% | 4,470 | $600K | Add +25.7% |
| FTNT Fortinet Inc. | 0.16% | 5,530 | $585K | Add +7.8% |
| MSI Motorola Solutions Inc. | 0.16% | 1,340 | $563K | Add +26.4% |
| MRVL Marvell Technology Inc. | 0.16% | 7,260 | $562K | Reduce -66.1% |
| LULU Lululemon Athletica Inc. | 0.16% | 2,325 | $552K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 4,050 | $552K | Add +14.7% |
| CYBR Cyberark Software Ltd./Israel | 0.15% | 1,320 | $537K | Add +9.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 1,805 | $532K | Add +17.2% |
| CHKP Check Point Software Tech | 0.15% | 2,400 | $531K | Reduce -0.4% |
| AGI Alamos Gold Inc. Class A | 0.15% | 19,950 | $528K | Add +25.9% |
| CVS CVS Health Corp. | 0.15% | 7,573 | $522K | Add +5.9% |
| ELV Elevance Health Inc. | 0.14% | 1,281 | $498K | Add +0.6% |
| COST Costco Wholesale Corp. | 0.14% | 490 | $485K | No change |
| GEN Gen Digital Inc. | 0.14% | 16,350 | $481K | Add +27.2% |
| WMT Walmart Inc. | 0.13% | 4,845 | $474K | Add +2.4% |
| AMT American Tower Corp. | 0.13% | 2,125 | $470K | Add +6.5% |
| AMD Advanced Micro Devices | 0.13% | 3,290 | $467K | Add +18.4% |
| IGV iShares Expanded Tech-Softwa | 0.13% | 4,200 | $460K | No change |
| WELL Welltower Inc. | 0.13% | 2,960 | $455K | Add +13.0% |
| ACN Accenture PLC Class A | 0.13% | 1,515 | $453K | Add +6.3% |
| PLD Prologis Inc. | 0.13% | 4,260 | $448K | Add +4.2% |
| RTX RTX Corp. | 0.12% | 3,020 | $441K | No change |
| ADI Analog Devices Inc. | 0.12% | 1,830 | $436K | Add +94.7% |
| CI The Cigna Group | 0.12% | 1,316 | $435K | No change |
| NOW ServiceNow Inc. | 0.12% | 420 | $432K | Add +12.0% |
| RBRK Rubrik Inc. Class A | 0.12% | 4,800 | $430K | Add +166.7% |
| INTU Intuit Inc. | 0.12% | 545 | $429K | Add +14.7% |
| HD Home Depot Inc. | 0.12% | 1,170 | $429K | Add +8.8% |
| PG The Procter & Gamble Co. | 0.12% | 2,660 | $424K | Add +6.8% |
| HON Honeywell International Inc. | 0.12% | 1,800 | $419K | Add +14.7% |
| MDT Medtronic PLC | 0.12% | 4,710 | $411K | No change |
| IYH iShares U.S. Healthcare ETF | 0.11% | 7,230 | $409K | No change |
| INTC Intel Corp. | 0.11% | 17,600 | $394K | Add +21.8% |
| BA The Boeing Co. | 0.11% | 1,860 | $390K | Reduce -12.3% |
| SNPS Synopsys Inc. | 0.11% | 740 | $379K | Add +29.8% |
| QCOM Qualcomm Inc. | 0.11% | 2,370 | $377K | Add +22.2% |
Portfolio Sells Q1 2025 → Q2 2025
| ISRG Intuitive Surgical Inc. | Reduce -1.9% | 3.60% | −0.45 |
| AXON Axon Enterprise Inc. | Reduce -49.5% | 0.84% | −0.44 |
| MRVL Marvell Technology Inc. | Reduce -66.1% | 0.16% | −0.29 |
| ABBV Abbvie Inc. | Reduce -1.7% | 0.69% | −0.27 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -25.9% | 0.31% | −0.23 |
| AMGN Amgen Inc. | Reduce -3.7% | 0.52% | −0.21 |
| EQIX Equinix Inc. | Reduce -47.9% | 0.10% | −0.14 |
| B Barrick Mining Corp. | Reduce -1.8% | 0.81% | −0.13 |
| ABT Abbott Laboratories | Reduce -14.7% | 0.30% | −0.11 |
| GILD Gilead Sciences Inc. | Reduce -11.4% | 0.30% | −0.11 |
| OKTA Okta Inc. | Reduce -94.9% | 0.00% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.4% | 0.19% | −0.10 |
| HCA HCA Healthcare Inc. | Reduce -45.9% | 0.10% | −0.10 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -3.6% | 0.25% | −0.09 |
| ARGX Argenx SE - ADR | Sold out | 0.00% | −0.09 |
| BSX Boston Scientific Corp. | Reduce -17.3% | 0.23% | −0.09 |
| ENPH Enphase Energy Inc. | Reduce -78.8% | 0.01% | −0.08 |
| HOLX Hologic Inc. | Reduce -75.9% | 0.02% | −0.06 |
| JNPR Juniper Networks Inc. | Reduce -95.3% | 0.00% | −0.06 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -69.3% | 0.02% | −0.05 |
| DE Deere & Co. | Reduce -46.2% | 0.04% | −0.04 |
| AME Ametek Inc. | Reduce -68.5% | 0.01% | −0.04 |
| VTRS Viatris Inc. | Reduce -98.3% | 0.00% | −0.04 |
| CHKP Check Point Software Tech | Reduce -0.4% | 0.15% | −0.04 |
| FSLR First Solar Inc. | Reduce -11.9% | 0.70% | −0.04 |
| XYL Xylem Inc. | Reduce -2.4% | 0.21% | −0.03 |
| GRMN Garmin Ltd. | Reduce -24.5% | 0.04% | −0.03 |
| CWEN Clearway Energy Inc. Class C | Reduce -77.6% | 0.01% | −0.03 |
| DSGX The Descartes Systems Grp | Reduce -95.1% | 0.00% | −0.03 |
| TU Telus Corp. | Reduce -84.6% | 0.00% | −0.03 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -9.3% | 0.04% | −0.02 |
| GGG Graco Inc. | Reduce -28.8% | 0.04% | −0.02 |
| SPG Simon Property Group Inc. | Reduce -6.8% | 0.06% | −0.02 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.02 |
| BB Blackberry Ltd. | Sold out | 0.00% | −0.02 |
| MAR Marriott International Class A | Reduce -20.9% | 0.06% | −0.02 |
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −0.02 |
| ORA Ormat Technologies Inc. | Reduce -45.4% | 0.02% | −0.02 |
| UTHR United Therapeutics Corp. | Reduce -37.9% | 0.01% | −0.02 |
| TXT Textron Inc. | Reduce -24.3% | 0.03% | −0.01 |
| BA The Boeing Co. | Reduce -12.3% | 0.11% | −0.01 |
| BIIB Biogen Inc. | Reduce -18.7% | 0.02% | −0.01 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -16.3% | 0.02% | −0.01 |
| TDY Teledyne Technologies Inc. | Reduce -5.5% | 0.05% | −0.01 |
| MWA Mueller Water Products Inc. Class A | Reduce -47.8% | 0.01% | −0.01 |
| ESS Essex Property Trust Inc. | Reduce -21.8% | 0.02% | −0.01 |
| MRNA Moderna Inc. | Reduce -84.3% | 0.00% | −0.01 |
| FELE Franklin Electric Co. Inc. | Reduce -53.6% | 0.01% | −0.01 |
| INVH Invitation Homes Inc. | Reduce -15.8% | 0.02% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +1.7% | 10.12% | +1.85 |
| ONON On Holding AG Class A | New | 1.83% | +1.83 |
| MSFT Microsoft Corp. | Add +5.2% | 10.88% | +1.41 |
| AVGO Broadcom Inc. | Add +1.4% | 0.73% | +0.20 |
| WPM Wheaton Precious Metals Corp. | Add +96.8% | 0.36% | +0.17 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.9% | 0.83% | +0.15 |
| SPOT Spotify Technology SA | Add +286.8% | 0.17% | +0.13 |
| META Meta Platforms Inc. Class A | Add +16.2% | 0.64% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +9.3% | 3.32% | +0.09 |
| TTWO Take-Two Interactive Softwre | Add +9.6% | 1.57% | +0.09 |
| RBRK Rubrik Inc. Class A | Add +166.7% | 0.12% | +0.08 |
| GEV GE Vernova Inc. | Add +165.4% | 0.10% | +0.08 |
| MU Micron Technology Inc. | Add +1.7% | 0.44% | +0.07 |
| ORCL Oracle Corp. | Add +16.3% | 0.20% | +0.07 |
| BMY Bristol-Myers Squibb Co. | Add +292.4% | 0.10% | +0.06 |
| ADI Analog Devices Inc. | Add +94.7% | 0.12% | +0.06 |
| NEM Newmont Corp. | Add +5.9% | 1.12% | +0.06 |
| NFLX Netflix Inc. | Add +3.0% | 0.32% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +14.7% | 0.16% | +0.05 |
| DDOG Datadog Inc. Class A | Add +25.7% | 0.17% | +0.05 |
| EXC Exelon Corp. | Add +412.4% | 0.06% | +0.05 |
| WM Waste Management Inc. | Add +168.1% | 0.08% | +0.04 |
| XEL Xcel Energy Inc. | Add +400.0% | 0.06% | +0.04 |
| TEL Te Connectivity PLC | Add +137.1% | 0.07% | +0.04 |
| AKAM Akamai Technologies Inc. | Add +94.6% | 0.10% | +0.04 |
| AMD Advanced Micro Devices | Add +18.4% | 0.13% | +0.03 |
| NEE Nextera Energy Inc. | Add +100.9% | 0.09% | +0.03 |
| NSIT Insight Enterprises Inc. | New | 0.03% | +0.03 |
| CDE Coeur Mining Inc. | Add +26.8% | 0.09% | +0.03 |
| KTOS Kratos Defense & Security | Add +64.3% | 0.06% | +0.03 |
| ALB Albemarle Corp. | New | 0.03% | +0.03 |
| TJX TJX Companies Inc. | Add +20.6% | 3.58% | +0.03 |
| EIX Edison International | Add +403.5% | 0.04% | +0.03 |
| VRNS Varonis Systems Inc. | Add +58.7% | 0.07% | +0.03 |
| GFI Gold Fields Ltd.-Spons ADR | Add +32.7% | 0.18% | +0.03 |
| NGD New Gold Inc. | Add +41.4% | 0.07% | +0.02 |
| PCG P G & E Corp. | Add +312.5% | 0.04% | +0.02 |
| EQX Equinox Gold Corp. | Add +121.5% | 0.07% | +0.02 |
| SNPS Synopsys Inc. | Add +29.8% | 0.11% | +0.02 |
| CVLT Commvault Systems Inc. | Add +65.0% | 0.06% | +0.02 |
| INTU Intuit Inc. | Add +14.7% | 0.12% | +0.02 |
| WTRG Essential Utilities Inc. | New | 0.02% | +0.02 |
| MSTR Strategy Inc. | Add +35.6% | 0.06% | +0.02 |
| TXN Texas Instruments Inc. | Add +19.3% | 0.17% | +0.02 |
| WCC Wesco International Inc. | Add +80.0% | 0.05% | +0.02 |
| NOW ServiceNow Inc. | Add +12.0% | 0.12% | +0.02 |
| EVRG Evergy Inc. | New | 0.02% | +0.02 |
| IBM Intl Business Machines Corp. | Add +17.2% | 0.15% | +0.02 |
| TSLA Tesla Inc. | Add +5.9% | 0.29% | +0.02 |
| GEN Gen Digital Inc. | Add +27.2% | 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 |