Triglav Investments, D.O.O.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Triglav Investments, D.O.O. reported 140 stock positions worth $1.5 billion. Its top holding was Nvidia (NVDA) at 10.2% of the portfolio, followed by Microsoft (MSFT, 8.5%) and Apple (AAPL, 5.9%). Compared with Q2 2025, it opened 17 new positions, sold out of 8, added to 53 and reduced 21. The biggest buy was Apple (AAPL, shares +11%) and the biggest sale Netflix (NFLX, shares −18%).

Most Recent 13F
Q2 2026
Location
LJUBLJANA, 2A
CIK
0002056690
Portfolio Value
$1.5B (Q3 2025)
SEC Filing
0002056690-25-000013 ↗ filed Nov 5, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q4 2024: $1.3B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.5B $1.5B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.9B Q2 2026

Holdings 140 stocks · $1.5B
NVDA Nvidia Corp. 10.20% 835,665 $155.9M Reduce -3.6%
MSFT Microsoft Corp. 8.47% 250,101 $129.5M Add +2.7%
AAPL Apple Inc. 5.89% 353,707 $90.1M Add +10.7%
AMZN Amazon.com Inc. 5.74% 399,340 $87.7M Reduce -0.1%
META Meta Platforms Inc. Class A 5.00% 104,147 $76.5M Reduce -3.3%
JPM JPMorgan Chase & Co. 4.07% 197,091 $62.2M Add +3.2%
AVGO Broadcom Inc. 3.61% 167,401 $55.2M Reduce -21.5%
GOOGL Alphabet Inc. Class A 3.61% 226,771 $55.1M Add +4.9%
LLY Eli Lilly & Co. 2.57% 51,568 $39.3M Reduce -4.6%
GS Goldman Sachs Group Inc. 2.57% 49,340 $39.3M Add +25.1%
NFLX Netflix Inc. 2.34% 29,871 $35.8M Reduce -17.6%
TSLA Tesla Inc. 2.25% 77,420 $34.4M Add +3.4%
ORCL Oracle Corp. 1.97% 106,850 $30.1M Reduce -11.1%
PLTR Palantir Technologies Inc. Class A 1.71% 143,100 $26.1M Reduce -24.4%
V Visa Inc. Class A 1.70% 76,092 $26.0M Reduce -24.3%
GOOG Alphabet Inc. Class C 1.68% 105,640 $25.7M Add +29.4%
WMT Walmart Inc. 1.67% 247,623 $25.5M Add +4.2%
MA Mastercard Inc. Class A 1.47% 39,407 $22.4M Reduce -13.9%
HD Home Depot Inc. 1.24% 46,920 $19.0M Add +44.3%
EMR Emerson Electric Co. 1.22% 141,765 $18.6M No change
CRM Salesforce Inc. 1.10% 71,238 $16.9M Add +27.8%
UBER Uber Technologies Inc. 1.01% 158,350 $15.5M Add +16.1%
JNJ Johnson & Johnson 1.00% 82,800 $15.4M Add +36.0%
TSM Taiwan Semiconductor-SP ADR 0.93% 50,884 $14.2M Add +89.3%
LOW Lowe's Cos Inc. 0.92% 56,010 $14.1M Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.87% 116,702 $13.4M Add +1.8%
ABBV Abbvie Inc. 0.85% 56,421 $13.1M Add +103.5%
RL Ralph Lauren Corp. 0.83% 40,550 $12.7M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.83% 19,033 $12.7M Add +0.6%
MRK Merck & Co. Inc. 0.74% 134,128 $11.3M Add +52.9%
CVS CVS Health Corp. 0.74% 149,150 $11.2M No change
TMO Thermo Fisher Scientific Inc. 0.72% 22,595 $11.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.70% 206,728 $10.7M Add +111.4%
APH Amphenol Corp. Class A 0.67% 82,300 $10.2M New
DASH DoorDash Inc. Class A 0.64% 36,000 $9.8M Add +18.0%
FSLR First Solar Inc. 0.58% 40,335 $8.9M Add +71.6%
PWR Quanta Services Inc. 0.57% 20,865 $8.6M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.56% 30,300 $8.5M Reduce -5.3%
HON Honeywell International Inc. 0.54% 39,360 $8.3M No change
IEV iShares Europe ETF 0.53% 123,584 $8.1M Add +0.7%
PFE Pfizer Inc. 0.53% 316,700 $8.1M No change
AMD Advanced Micro Devices 0.52% 49,190 $8.0M Add +95.3%
AZN Astrazeneca PLC-Spons ADR 0.50% 100,199 $7.7M Add +12.6%
QCOM Qualcomm Inc. 0.49% 44,974 $7.5M Add +17.3%
Eaton Corp PLC 0.47% 19,250 $7.2M Add +0.9%
CSCO Cisco Systems Inc. 0.46% 102,500 $7.0M Reduce -4.7%
MU Micron Technology Inc. 0.45% 41,008 $6.9M Add +24.8%
PGR Progressive Corp. 0.44% 27,491 $6.8M Add +0.2%
WFC Wells Fargo & Co. 0.43% 78,000 $6.5M New
CI The Cigna Group 0.43% 22,640 $6.5M Add +4.6%
EQIX Equinix Inc. 0.42% 8,160 $6.4M Reduce -9.2%
C Citigroup Inc. 0.41% 61,812 $6.3M Add +115.6%
UNH Unitedhealth Group Inc. 0.41% 17,956 $6.2M Add +193.1%
AXP American Express Co. 0.37% 17,000 $5.6M Add +17.2%
IVV iShares Core S&P 500 ETF 0.33% 7,490 $5.0M No change
MDT Medtronic PLC 0.31% 50,152 $4.8M Add +0.3%
MS Morgan Stanley 0.28% 26,977 $4.3M Add +38.3%
COR Cencora Inc. 0.28% 13,700 $4.3M Reduce -32.2%
ABT Abbott Laboratories 0.26% 30,100 $4.0M No change
NOW ServiceNow Inc. 0.26% 4,330 $4.0M Reduce -19.8%
COMCAST CORP (CMCSA 0.75 02/20/32) 0.23% 4,000,000 $3.5M No change
MCD McDonald's Corp. 0.22% 11,034 $3.4M Add +54.2%
LIN Linde PLC 0.21% 6,810 $3.2M Add +0.8%
RBLX Roblox Corp. Class A 0.21% 23,000 $3.2M New
ANET Arista Networks Inc. 0.21% 21,600 $3.1M Add +21.4%
DD Dupont DE Nemours Inc. 0.20% 39,728 $3.1M Add +66.6%
BSX Boston Scientific Corp. 0.19% 29,000 $2.8M No change
SPOT Spotify Technology SA 0.18% 4,000 $2.8M New
NEE Nextera Energy Inc. 0.18% 35,460 $2.7M Add +67.7%
BIIB Biogen Inc. 0.17% 18,130 $2.5M Add +0.6%
KO The Coca-Cola Co. 0.16% 37,915 $2.5M Add +1.0%
QQQ Invesco QQQ Trust Series 1 0.16% 4,180 $2.5M Add +1.3%
GM General Motors Co. 0.15% 37,909 $2.3M Add +0.9%
AMAT Applied Materials Inc. 0.15% 10,846 $2.2M Add +0.9%
DH EUROPE FINANCE II SARL 0.14% 2,410,000 $2.1M No change
WELL Welltower Inc. 0.14% 11,600 $2.1M New
PEP Pepsico Inc. 0.13% 14,592 $2.0M Add +1.2%
RMD Resmed Inc. 0.13% 7,400 $2.0M No change
ISRG Intuitive Surgical Inc. 0.13% 4,520 $2.0M Reduce -43.6%
AT&T INC. 0.13% 2,020,000 $2.0M Add +32.9%
IBN Icici Bank Ltd.-Spon ADR 0.13% 63,372 $1.9M No change
ZTS Zoetis Inc. 0.12% 13,000 $1.9M No change
APP AppLovin Corp. Class A 0.12% 2,500 $1.8M New
GILD Gilead Sciences Inc. 0.12% 16,000 $1.8M No change
DELL Dell Technologies -C 0.11% 12,000 $1.7M Add +14.3%
REGN Regeneron Pharmaceuticals 0.11% 3,000 $1.7M Add +19.3%
MRVL Marvell Technology Inc. 0.11% 20,000 $1.7M No change
UTHR United Therapeutics Corp. 0.11% 4,000 $1.7M No change
HDB HDFC Bank Ltd.-ADR 0.11% 49,000 $1.7M No change
ELV Elevance Health Inc. 0.11% 4,980 $1.6M No change
EW Edwards Lifesciences Corp. 0.10% 20,060 $1.6M No change
NBIX Neurocrine Biosciences Inc. 0.10% 11,000 $1.5M No change
ACN Accenture PLC Class A 0.10% 6,250 $1.5M No change
DE Deere & Co. 0.10% 3,239 $1.5M Reduce -83.7%
SCHW Schwab (charles) Corp. 0.09% 15,000 $1.4M New
HOOD Robinhood Markets Inc. Class A 0.09% 10,000 $1.4M New
VRTX Vertex Pharmaceuticals Inc. 0.09% 3,450 $1.4M No change
FDX FedEx Corp. 0.09% 5,704 $1.3M Add +0.8%
COF Capital One Financial Corp. 0.09% 6,300 $1.3M New
SPGI S&P Global Inc. 0.09% 2,750 $1.3M No change
AVY Avery Dennison Corp. 0.08% 7,980 $1.3M Reduce -78.9%
NET Cloudflare Inc. Class A 0.08% 6,000 $1.3M No change
AMGN Amgen Inc. 0.08% 4,500 $1.3M No change
DXCM Dexcom Inc. 0.08% 18,500 $1.2M No change
PANW Palo Alto Networks Inc. 0.08% 6,000 $1.2M No change
MELI MercadoLibre Inc. 0.08% 515 $1.2M Reduce -79.7%
CRH CRH PLC 0.08% 10,000 $1.2M New
VRSK Verisk Analytics Inc. 0.08% 4,750 $1.2M No change
DHR Danaher Corp. 0.08% 6,000 $1.2M Add +20.0%
DAR Darling Ingredients Inc. 0.07% 35,000 $1.1M No change
TTEK Tetra Tech Inc. 0.07% 32,090 $1.1M No change
IQV Iqvia Holdings Inc. 0.07% 5,500 $1.0M No change
ADI Analog Devices Inc. 0.06% 4,000 $983K New
XYL Xylem Inc. 0.06% 6,660 $982K No change
SFM Sprouts Farmers Market Inc. 0.06% 8,400 $914K No change
INTU Intuit Inc. 0.06% 1,325 $905K No change
IDXX Idexx Laboratories Inc. 0.06% 1,400 $894K No change
SE Sea Ltd.-ADR 0.06% 5,000 $894K Reduce -84.8%
BMRN Biomarin Pharmaceutical Inc. 0.06% 16,500 $894K No change
INFY Infosys Ltd.-SP ADR 0.06% 53,130 $864K Reduce -39.7%
TXN Texas Instruments Inc. 0.06% 4,700 $864K New
HCA HCA Healthcare Inc. 0.06% 2,000 $852K New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.05% 50,000 $801K No change
SNPS Synopsys Inc. 0.05% 1,550 $765K No change
KLAC KLA Corp. 0.05% 700 $755K New
AMT American Tower Corp. 0.05% 3,900 $750K Add +14.7%
PYPL PayPal Holdings Inc. 0.05% 11,000 $738K No change
MBLY Mobileye Global Inc. Class A 0.05% 50,000 $706K No change
HSAI Hesai Group 0.05% 25,000 $703K New
LRCX Lam Research Corp. 0.04% 5,000 $670K No change
XP XP Inc. Class A 0.04% 35,000 $658K New
YUMC Yum China Holdings Inc. 0.04% 15,000 $644K No change
MMYT Makemytrip Ltd. 0.04% 5,800 $543K No change
ADBE Adobe Inc. 0.03% 1,289 $455K Add +1.9%
CLH Clean Harbors Inc. 0.03% 1,900 $441K New
A Agilent Technologies Inc. 0.02% 2,830 $363K No change
GNRC Generac Holdings Inc. 0.02% 2,000 $335K No change
MANH Manhattan Associates Inc. 0.02% 1,500 $307K No change
QTEC First Trust Nasdq 100 Tech I 0.01% 365 $84K No change
RACE Ferrari NV 0.00% 19 $9K Add +72.7%

Portfolio Sells Q2 2025 → Q3 2025
NFLX Netflix Inc. Reduce -17.6% 2.34% −1.17
V Visa Inc. Class A Reduce -24.3% 1.70% −0.88
META Meta Platforms Inc. Class A Reduce -3.3% 5.00% −0.74
TFC Truist Financial Corp. Sold out 0.00% −0.68
AVGO Broadcom Inc. Reduce -21.5% 3.61% −0.64
DE Deere & Co. Reduce -83.7% 0.10% −0.63
AMZN Amazon.com Inc. Reduce -0.1% 5.74% −0.60
LLY Eli Lilly & Co. Reduce -4.6% 2.57% −0.47
COST Costco Wholesale Corp. Sold out 0.00% −0.41
MELI MercadoLibre Inc. Reduce -79.7% 0.08% −0.40
BKNG Booking Holdings Inc. Sold out 0.00% −0.40
AVY Avery Dennison Corp. Reduce -78.9% 0.08% −0.39
MA Mastercard Inc. Class A Reduce -13.9% 1.47% −0.39
SE Sea Ltd.-ADR Reduce -84.8% 0.06% −0.32
ISRG Intuitive Surgical Inc. Reduce -43.6% 0.13% −0.18
PLTR Palantir Technologies Inc. Class A Reduce -24.4% 1.71% −0.16
COR Cencora Inc. Reduce -32.2% 0.28% −0.16
NOW ServiceNow Inc. Reduce -19.8% 0.26% −0.14
PG The Procter & Gamble Co. Sold out 0.00% −0.13
IBM Intl Business Machines Corp. Reduce -5.3% 0.56% −0.12
EQIX Equinix Inc. Reduce -9.2% 0.42% −0.10
IT Gartner Inc. Sold out 0.00% −0.08
CSCO Cisco Systems Inc. Reduce -4.7% 0.46% −0.08
INFY Infosys Ltd.-SP ADR Reduce -39.7% 0.06% −0.06
COHR Coherent Corp. Sold out 0.00% −0.04
MSTR Strategy Inc. Sold out 0.00% −0.01
SRPT Sarepta Therapeutics Inc. Sold out 0.00% −0.01
ORCL Oracle Corp. Reduce -11.1% 1.97% +0.07
NVDA Nvidia Corp. Reduce -3.6% 10.20% +0.30

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +10.7% 5.89% +1.15
GOOGL Alphabet Inc. Class A Add +4.9% 3.61% +0.85
APH Amphenol Corp. Class A New 0.67% +0.67
GOOG Alphabet Inc. Class C Add +29.4% 1.68% +0.64
GS Goldman Sachs Group Inc. Add +25.1% 2.57% +0.55
TSLA Tesla Inc. Add +3.4% 2.25% +0.53
TSM Taiwan Semiconductor-SP ADR Add +89.3% 0.93% +0.49
ABBV Abbvie Inc. Add +103.5% 0.85% +0.48
WFC Wells Fargo & Co. New 0.43% +0.43
HD Home Depot Inc. Add +44.3% 1.24% +0.38
BAC Bank of America Corp. Add +111.4% 0.70% +0.36
JNJ Johnson & Johnson Add +36.0% 1.00% +0.33
FSLR First Solar Inc. Add +71.6% 0.58% +0.30
UNH Unitedhealth Group Inc. Add +193.1% 0.41% +0.27
AMD Advanced Micro Devices Add +95.3% 0.52% +0.26
MRK Merck & Co. Inc. Add +52.9% 0.74% +0.23
C Citigroup Inc. Add +115.6% 0.41% +0.23
RBLX Roblox Corp. Class A New 0.21% +0.21
SPOT Spotify Technology SA New 0.18% +0.18
MU Micron Technology Inc. Add +24.8% 0.45% +0.16
WELL Welltower Inc. New 0.14% +0.14
APP AppLovin Corp. Class A New 0.12% +0.12
DASH DoorDash Inc. Class A Add +18.0% 0.64% +0.10
UBER Uber Technologies Inc. Add +16.1% 1.01% +0.10
HOOD Robinhood Markets Inc. Class A New 0.09% +0.09
SCHW Schwab (charles) Corp. New 0.09% +0.09
COF Capital One Financial Corp. New 0.09% +0.09
DD Dupont DE Nemours Inc. Add +66.6% 0.20% +0.08
MS Morgan Stanley Add +38.3% 0.28% +0.08
CRH CRH PLC New 0.08% +0.08
ANET Arista Networks Inc. Add +21.4% 0.21% +0.07
NEE Nextera Energy Inc. Add +67.7% 0.18% +0.07
MCD McDonald's Corp. Add +54.2% 0.22% +0.07
ADI Analog Devices Inc. New 0.06% +0.06
JPM JPMorgan Chase & Co. Add +3.2% 4.07% +0.06
TXN Texas Instruments Inc. New 0.06% +0.06
HCA HCA Healthcare Inc. New 0.06% +0.06
AZN Astrazeneca PLC-Spons ADR Add +12.6% 0.50% +0.05
KLAC KLA Corp. New 0.05% +0.05
QCOM Qualcomm Inc. Add +17.3% 0.49% +0.05
HSAI Hesai Group New 0.05% +0.05
XP XP Inc. Class A New 0.04% +0.04
AXP American Express Co. Add +17.2% 0.37% +0.04
CLH Clean Harbors Inc. New 0.03% +0.03
LOW Lowe's Cos Inc. Add +0.1% 0.92% +0.02
AT&T INC. Add +32.9% 0.13% +0.02
DELL Dell Technologies -C Add +14.3% 0.11% +0.02
GM General Motors Co. Add +0.9% 0.15% +0.02
REGN Regeneron Pharmaceuticals Add +19.3% 0.11% +0.01
DHR Danaher Corp. Add +20.0% 0.08% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 184$1.9BNVDA, AMZN, MSFT, AAPL, GOOGL
Q1 2026 166$1.4BNVDA, AMZN, MSFT, AAPL, GOOGL
Q4 2025 173$1.6BNVDA, MSFT, AAPL, AMZN, GOOGL
Q3 2025 140$1.5BNVDA, MSFT, AAPL, AMZN, META
Q2 2025 131$1.4BNVDA, MSFT, AMZN, META, AAPL
Q1 2025 134$1.2BMSFT, AMZN, NVDA, AAPL, META
Q4 2024 124$1.3BNVDA, AMZN, MSFT, AAPL, META