# Generali Powszechne Towarzystwo Emerytalne

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2042955. Source: https://holderbook.com/funds/2042955-generali-powszechne-towarzystwo-emerytalne/

- Reported value: $631.1M
- Positions: 25
- Weight of the ten largest: 68.6%
- Filed: 2026-07-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $56.1M | 892,200 | 8.9% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $55.0M | 230,630 | 8.7% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $54.0M | 270,000 | 8.6% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $50.7M | 135,900 | 8.0% | 19 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $48.4M | 190,000 | 7.7% | 10 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $46.5M | 80,000 | 7.4% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $37.6M | 90,350 | 6.0% | 4 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $28.6M | 82,679 | 4.5% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $28.2M | 50,000 | 4.5% | 6 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $27.9M | 281,250 | 4.4% | 6 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $25.6M | 15,100 | 4.1% | 4 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $25.1M | 100,300 | 4.0% | 13 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $22.8M | 145,800 | 3.6% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $22.3M | 65,118 | 3.5% | 19 |
| SENTINELONE INC | [S](https://holderbook.com/stocks/S/) | $18.0M | 1,063,223 | 2.9% | 10 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $17.3M | 91,000 | 2.7% | 4 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $15.2M | 70,000 | 2.4% | 19 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $14.7M | 100,000 | 2.3% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $9.1M | 64,900 | 1.4% | 12 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $6.8M | 20,118 | 1.1% | 19 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $6.6M | 20,118 | 1.1% | 19 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $5.4M | 20,118 | 0.9% | 19 |
| ARCHER AVIATION INC | [ACHR](https://holderbook.com/stocks/ACHR/) | $4.7M | 1,000,000 | 0.7% | 3 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $2.3M | 10,059 | 0.4% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $2.2M | 10,059 | 0.4% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +23.7% | +14.8% | +8.8% | 100% |
| Q1 2026 | -11.3% | -4.6% | -6.7% | 100% |
| Q4 2025 | +5.7% | +2.4% | +3.4% | 100% |
| Q3 2025 | +7.7% | +7.8% | -0.2% | 100% |
| Q2 2025 | +22.5% | +10.5% | +12.1% | 100% |
| Q1 2025 | -2.7% | -4.6% | +1.8% | 100% |
| Q4 2024 | +16.1% | +2.1% | +14.0% | 100% |
| Q3 2024 | +3.4% | +5.4% | -2.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $631.1M | 25 |
| Q1 2026 | $565.6M | 28 |
| Q4 2025 | $584.6M | 30 |
| Q3 2025 | $516.0M | 27 |
| Q2 2025 | $484.3M | 29 |
| Q1 2025 | $316.3M | 28 |
| Q4 2024 | $298.0M | 26 |
| Q3 2024 | $297.8M | 25 |
| Q2 2024 | $287.7M | 25 |
| Q1 2024 | $275.0M | 26 |
| Q4 2023 | $191.4M | 27 |
| Q3 2023 | $153.5M | 26 |