Triglav Investments, D.O.O.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Triglav Investments, D.O.O. reported 173 stock positions worth $1.6 billion. Its top holding was Nvidia (NVDA) at 8.6% of the portfolio, followed by Microsoft (MSFT, 7.6%) and Apple (AAPL, 6.0%). Compared with Q3 2025, it opened 43 new positions, sold out of 10, added to 45 and reduced 56. The biggest buy was Micron Technology (MU, shares +45%) and the biggest sale Nvidia (NVDA, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- LJUBLJANA, 2A
- CIK
- 0002056690
- Portfolio Value
- $1.6B (Q4 2025)
- SEC Filing
- 0002056690-26-000001 ↗ filed Feb 10, 2026
Holdings Value
Holdings 173 stocks · $1.6B
| NVDA Nvidia Corp. | 8.63% | 733,035 | $136.7M | Reduce -12.3% |
| MSFT Microsoft Corp. | 7.63% | 249,857 | $120.8M | Reduce -0.1% |
| AAPL Apple Inc. | 6.05% | 352,585 | $95.9M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 6.03% | 413,768 | $95.5M | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 4.44% | 225,023 | $70.4M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 4.06% | 199,494 | $64.3M | Add +1.2% |
| META Meta Platforms Inc. Class A | 3.73% | 89,477 | $59.1M | Reduce -14.1% |
| AVGO Broadcom Inc. | 3.49% | 159,984 | $55.4M | Reduce -4.4% |
| LLY Eli Lilly & Co. | 3.23% | 47,646 | $51.2M | Reduce -7.6% |
| GS Goldman Sachs Group Inc. | 2.64% | 47,540 | $41.8M | Reduce -3.6% |
| TSLA Tesla Inc. | 2.35% | 82,938 | $37.3M | Add +7.1% |
| WMT Walmart Inc. | 2.08% | 296,023 | $33.0M | Add +19.6% |
| GOOG Alphabet Inc. Class C | 1.85% | 93,440 | $29.3M | Reduce -11.6% |
| NFLX Netflix Inc. | 1.73% | 291,911 | $27.4M | Reduce -2.3% |
| V Visa Inc. Class A | 1.58% | 71,417 | $25.0M | Reduce -6.1% |
| MA Mastercard Inc. Class A | 1.33% | 36,844 | $21.0M | Reduce -6.5% |
| ORCL Oracle Corp. | 1.21% | 98,236 | $19.1M | Reduce -8.1% |
| CRM Salesforce Inc. | 1.15% | 68,933 | $18.3M | Reduce -3.2% |
| UBER Uber Technologies Inc. | 1.14% | 220,092 | $18.0M | Add +39.0% |
| MU Micron Technology Inc. | 1.07% | 59,559 | $17.0M | Add +45.2% |
| JNJ Johnson & Johnson | 1.06% | 80,818 | $16.7M | Reduce -2.4% |
| HD Home Depot Inc. | 0.98% | 45,120 | $15.5M | Reduce -3.8% |
| MRK Merck & Co. Inc. | 0.90% | 134,819 | $14.2M | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.87% | 121,215 | $13.8M | Add +3.9% |
| RL Ralph Lauren Corp. | 0.86% | 38,550 | $13.6M | Reduce -4.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.82% | 19,032 | $13.0M | Reduce -0.0% |
| LOW Lowe's Cos Inc. | 0.81% | 53,010 | $12.8M | Reduce -5.4% |
| EMR Emerson Electric Co. | 0.77% | 91,390 | $12.1M | Reduce -35.5% |
| ABBV Abbvie Inc. | 0.77% | 53,052 | $12.1M | Reduce -6.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.72% | 206,735 | $11.4M | Add +0.0% |
| COR Cencora Inc. | 0.70% | 33,000 | $11.1M | Add +140.9% |
| UNH Unitedhealth Group Inc. | 0.70% | 33,399 | $11.0M | Add +86.0% |
| QCOM Qualcomm Inc. | 0.67% | 62,087 | $10.6M | Add +38.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.66% | 34,533 | $10.5M | Reduce -32.1% |
| PFE Pfizer Inc. | 0.65% | 415,792 | $10.4M | Add +31.3% |
| PWR Quanta Services Inc. | 0.61% | 23,011 | $9.7M | Add +10.3% |
| C Citigroup Inc. | 0.60% | 81,312 | $9.5M | Add +31.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.58% | 100,235 | $9.2M | Add +0.0% |
| CVS CVS Health Corp. | 0.58% | 115,950 | $9.2M | Reduce -22.3% |
| TMO Thermo Fisher Scientific Inc. | 0.58% | 15,814 | $9.2M | Reduce -30.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.57% | 30,300 | $9.0M | No change |
| WELL Welltower Inc. | 0.55% | 47,166 | $8.8M | Add +306.6% |
| MCD McDonald's Corp. | 0.55% | 28,634 | $8.8M | Add +159.5% |
| AMD Advanced Micro Devices | 0.55% | 40,349 | $8.6M | Reduce -18.0% |
| IEV iShares Europe ETF | 0.54% | 123,579 | $8.5M | Reduce 0.0% |
| HON Honeywell International Inc. | 0.53% | 43,360 | $8.5M | Add +10.2% |
| MS Morgan Stanley | 0.51% | 45,577 | $8.1M | Add +69.0% |
| CSCO Cisco Systems Inc. | 0.50% | 102,500 | $7.9M | No change |
| FSLR First Solar Inc. | 0.50% | 30,135 | $7.9M | Reduce -25.3% |
| WFC Wells Fargo & Co. | 0.44% | 74,000 | $6.9M | Reduce -5.1% |
| Eaton Corp PLC | 0.40% | 20,088 | $6.4M | Add +4.3% |
| AXP American Express Co. | 0.40% | 17,000 | $6.3M | No change |
| PGR Progressive Corp. | 0.40% | 27,493 | $6.3M | Add +0.0% |
| PLTR Palantir Technologies Inc. Class A | 0.39% | 34,916 | $6.2M | Reduce -75.6% |
| PLD Prologis Inc. | 0.38% | 46,587 | $5.9M | New |
| CI The Cigna Group | 0.37% | 21,140 | $5.8M | Reduce -6.6% |
| NEE Nextera Energy Inc. | 0.36% | 71,460 | $5.7M | Add +101.5% |
| IVV iShares Core S&P 500 ETF | 0.32% | 7,490 | $5.1M | No change |
| MDT Medtronic PLC | 0.29% | 48,652 | $4.7M | Reduce -3.0% |
| BOOKING HOLDINGS INC. | 0.29% | 4,500,000 | $4.6M | New |
| DH EUROPE FINANCE II SARL | 0.28% | 5,060,000 | $4.5M | Add +110.0% |
| DHR Danaher Corp. | 0.27% | 18,700 | $4.3M | Add +211.7% |
| BABA Alibaba Group Holding-SP ADR | 0.26% | 28,500 | $4.2M | New |
| EQIX Equinix Inc. | 0.24% | 5,058 | $3.9M | Reduce -38.0% |
| T AT&T Inc. | 0.24% | 154,072 | $3.8M | New |
| TXN Texas Instruments Inc. | 0.23% | 20,895 | $3.6M | Add +344.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 23,200 | $3.6M | New |
| SPOT Spotify Technology SA | 0.22% | 6,000 | $3.5M | Add +50.0% |
| ABT Abbott Laboratories | 0.22% | 27,600 | $3.5M | Reduce -8.3% |
| COMCAST CORP (CMCSA 0.75 02/20/32) | 0.22% | 4,000,000 | $3.5M | No change |
| NOW ServiceNow Inc. | 0.20% | 21,205 | $3.2M | Reduce -2.1% |
| KLAC KLA Corp. | 0.20% | 2,660 | $3.2M | Add +280.0% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 0.20% | 42,000 | $3.2M | New |
| GM General Motors Co. | 0.19% | 37,909 | $3.1M | No change |
| MRVL Marvell Technology Inc. | 0.19% | 34,859 | $3.0M | Add +74.3% |
| SE Sea Ltd.-ADR | 0.19% | 23,000 | $2.9M | Add +360.0% |
| LIN Linde PLC | 0.18% | 6,810 | $2.9M | No change |
| AMAT Applied Materials Inc. | 0.18% | 10,846 | $2.8M | No change |
| KO The Coca-Cola Co. | 0.17% | 37,915 | $2.7M | No change |
| AMT American Tower Corp. | 0.17% | 14,900 | $2.6M | Add +282.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.16% | 4,180 | $2.6M | No change |
| ISRG Intuitive Surgical Inc. | 0.16% | 4,520 | $2.6M | No change |
| GILD Gilead Sciences Inc. | 0.16% | 20,387 | $2.5M | Add +27.4% |
| AT&T INC. | 0.16% | 2,520,000 | $2.5M | Add +24.8% |
| IBN Icici Bank Ltd.-Spon ADR | 0.15% | 81,379 | $2.4M | Add +28.4% |
| INTC Intel Corp. | 0.15% | 62,800 | $2.3M | New |
| REGN Regeneron Pharmaceuticals | 0.15% | 3,000 | $2.3M | No change |
| ANET Arista Networks Inc. | 0.14% | 17,102 | $2.2M | Reduce -20.8% |
| APH Amphenol Corp. Class A | 0.14% | 16,459 | $2.2M | Reduce -80.0% |
| HDB HDFC Bank Ltd.-ADR | 0.14% | 60,770 | $2.2M | Add +24.0% |
| GENERAL MILLS, INC. | 0.14% | 2,100,000 | $2.2M | New |
| BIIB Biogen Inc. | 0.13% | 12,130 | $2.1M | Reduce -33.1% |
| BSX Boston Scientific Corp. | 0.13% | 22,000 | $2.1M | Reduce -24.1% |
| NSC Norfolk Southern Corp. | 0.13% | 7,200 | $2.1M | New |
| PPG INDUSTRIES INC (PPG 1.4 03/13/27) | 0.13% | 2,000,000 | $2.0M | New |
| VERIZON COMMUNICATIONS (VZ 1.375 10/27/26) | 0.13% | 2,000,000 | $2.0M | New |
| APP AppLovin Corp. Class A | 0.11% | 2,500 | $1.7M | No change |
| UTHR United Therapeutics Corp. | 0.10% | 3,400 | $1.7M | Reduce -15.0% |
| FDX FedEx Corp. | 0.10% | 5,704 | $1.6M | No change |
| COST Costco Wholesale Corp. | 0.10% | 1,900 | $1.6M | New |
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -12.3% | 8.63% | −1.57 |
| PLTR Palantir Technologies Inc. Class A | Reduce -75.6% | 0.39% | −1.32 |
| META Meta Platforms Inc. Class A | Reduce -14.1% | 3.73% | −1.28 |
| MSFT Microsoft Corp. | Reduce -0.1% | 7.63% | −0.85 |
| ORCL Oracle Corp. | Reduce -8.1% | 1.21% | −0.76 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.64 |
| NFLX Netflix Inc. | Reduce -2.3% | 1.73% | −0.61 |
| APH Amphenol Corp. Class A | Reduce -80.0% | 0.14% | −0.53 |
| EMR Emerson Electric Co. | Reduce -35.5% | 0.77% | −0.45 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -32.1% | 0.66% | −0.27 |
| HD Home Depot Inc. | Reduce -3.8% | 0.98% | −0.26 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.21 |
| EQIX Equinix Inc. | Reduce -38.0% | 0.24% | −0.17 |
| CVS CVS Health Corp. | Reduce -22.3% | 0.58% | −0.15 |
| MA Mastercard Inc. Class A | Reduce -6.5% | 1.33% | −0.14 |
| TMO Thermo Fisher Scientific Inc. | Reduce -30.0% | 0.58% | −0.14 |
| V Visa Inc. Class A | Reduce -6.1% | 1.58% | −0.12 |
| AVGO Broadcom Inc. | Reduce -4.4% | 3.49% | −0.12 |
| LOW Lowe's Cos Inc. | Reduce -5.4% | 0.81% | −0.11 |
| PEP Pepsico Inc. | Reduce -74.9% | 0.03% | −0.10 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.10 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.09 |
| ZTS Zoetis Inc. | Reduce -69.4% | 0.03% | −0.09 |
| ABBV Abbvie Inc. | Reduce -6.0% | 0.77% | −0.09 |
| FSLR First Solar Inc. | Reduce -25.3% | 0.50% | −0.08 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.08 |
| ANET Arista Networks Inc. | Reduce -20.8% | 0.14% | −0.06 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.06 |
| CI The Cigna Group | Reduce -6.6% | 0.37% | −0.06 |
| NOW ServiceNow Inc. | Reduce -2.1% | 0.20% | −0.06 |
| SPGI S&P Global Inc. | Reduce -63.6% | 0.03% | −0.05 |
| BSX Boston Scientific Corp. | Reduce -24.1% | 0.13% | −0.05 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.05 |
| MBLY Mobileye Global Inc. Class A | Sold out | 0.00% | −0.05 |
| ABT Abbott Laboratories | Reduce -8.3% | 0.22% | −0.05 |
| RMD Resmed Inc. | Reduce -13.5% | 0.10% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -36.7% | 0.06% | −0.03 |
| DELL Dell Technologies -C | Reduce -16.7% | 0.08% | −0.03 |
| BIIB Biogen Inc. | Reduce -33.1% | 0.13% | −0.03 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.02 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.02 |
| MDT Medtronic PLC | Reduce -3.0% | 0.29% | −0.02 |
| DE Deere & Co. | Reduce -15.4% | 0.08% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -29.6% | 0.04% | −0.02 |
| COF Capital One Financial Corp. | Reduce -24.0% | 0.07% | −0.01 |
| NBIX Neurocrine Biosciences Inc. | Reduce -9.1% | 0.09% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.0% | 0.82% | −0.01 |
| CLH Clean Harbors Inc. | Reduce -26.4% | 0.02% | −0.01 |
| UTHR United Therapeutics Corp. | Reduce -15.0% | 0.10% | −0.01 |
| EW Edwards Lifesciences Corp. | Reduce -10.0% | 0.10% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| MU Micron Technology Inc. | Add +45.2% | 1.07% | +0.62 |
| COR Cencora Inc. | Add +140.9% | 0.70% | +0.42 |
| WELL Welltower Inc. | Add +306.6% | 0.55% | +0.42 |
| WMT Walmart Inc. | Add +19.6% | 2.08% | +0.41 |
| PLD Prologis Inc. | New | 0.38% | +0.38 |
| MCD McDonald's Corp. | Add +159.5% | 0.55% | +0.33 |
| AMZN Amazon.com Inc. | Add +3.6% | 6.03% | +0.29 |
| UNH Unitedhealth Group Inc. | Add +86.0% | 0.70% | +0.29 |
| BOOKING HOLDINGS INC. | New | 0.29% | +0.29 |
| BABA Alibaba Group Holding-SP ADR | New | 0.26% | +0.26 |
| T AT&T Inc. | New | 0.24% | +0.24 |
| MS Morgan Stanley | Add +69.0% | 0.51% | +0.23 |
| TJX TJX Companies Inc. | New | 0.22% | +0.22 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | New | 0.20% | +0.20 |
| DHR Danaher Corp. | Add +211.7% | 0.27% | +0.19 |
| C Citigroup Inc. | Add +31.6% | 0.60% | +0.19 |
| NEE Nextera Energy Inc. | Add +101.5% | 0.36% | +0.19 |
| QCOM Qualcomm Inc. | Add +38.0% | 0.67% | +0.18 |
| TXN Texas Instruments Inc. | Add +344.6% | 0.23% | +0.17 |
| MRK Merck & Co. Inc. | Add +0.5% | 0.90% | +0.16 |
| KLAC KLA Corp. | Add +280.0% | 0.20% | +0.15 |
| INTC Intel Corp. | New | 0.15% | +0.15 |
| DH EUROPE FINANCE II SARL | Add +110.0% | 0.28% | +0.14 |
| GENERAL MILLS, INC. | New | 0.14% | +0.14 |
| NSC Norfolk Southern Corp. | New | 0.13% | +0.13 |
| SE Sea Ltd.-ADR | Add +360.0% | 0.19% | +0.13 |
| PPG INDUSTRIES INC (PPG 1.4 03/13/27) | New | 0.13% | +0.13 |
| PFE Pfizer Inc. | Add +31.3% | 0.65% | +0.13 |
| VERIZON COMMUNICATIONS (VZ 1.375 10/27/26) | New | 0.13% | +0.13 |
| UBER Uber Technologies Inc. | Add +39.0% | 1.14% | +0.12 |
| AMT American Tower Corp. | Add +282.1% | 0.17% | +0.12 |
| COST Costco Wholesale Corp. | New | 0.10% | +0.10 |
| TSLA Tesla Inc. | Add +7.1% | 2.35% | +0.10 |
| FORTIVE CORP | New | 0.10% | +0.10 |
| INTERNATIONAL BUSINESS MACHINES CORP | New | 0.09% | +0.09 |
| EQUINIX EUROPE 2 FINANCING CORP LLC | New | 0.09% | +0.09 |
| ASX Ase Technology Holding -ADR | New | 0.08% | +0.08 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.0% | 0.58% | +0.08 |
| MRVL Marvell Technology Inc. | Add +74.3% | 0.19% | +0.08 |
| THE PROCTER & GAMBLE COMPANY | New | 0.06% | +0.06 |
| VISA INC. | New | 0.06% | +0.06 |
| INTERNATIONAL BUSINESS MACHINES CORP | New | 0.06% | +0.06 |
| SNDK Sandisk Corp. | New | 0.06% | +0.06 |
| AIR PRODUCTS & CHEMICALS (APD 0.8 05/05/32 EMTN) | New | 0.05% | +0.05 |
| PWR Quanta Services Inc. | Add +10.3% | 0.61% | +0.05 |
| HUBS HubSpot Inc. | New | 0.05% | +0.05 |
| MMYT Makemytrip Ltd. | Add +160.3% | 0.08% | +0.04 |
| URI United Rentals Inc. | New | 0.04% | +0.04 |
| GILD Gilead Sciences Inc. | Add +27.4% | 0.16% | +0.04 |
| CPAY Corpay Inc. | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 184 | $1.9B | NVDA, AMZN, MSFT, AAPL, GOOGL |
| Q1 2026 | 166 | $1.4B | NVDA, AMZN, MSFT, AAPL, GOOGL |
| Q4 2025 | 173 | $1.6B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025 | 140 | $1.5B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 131 | $1.4B | NVDA, MSFT, AMZN, META, AAPL |
| Q1 2025 | 134 | $1.2B | MSFT, AMZN, NVDA, AAPL, META |
| Q4 2024 | 124 | $1.3B | NVDA, AMZN, MSFT, AAPL, META |