# Generali Investments CEE, investicni spolecnost, a.s.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2047540. Source: https://holderbook.com/funds/2047540-generali-investments-cee-investicni-spolecnost-a-s/

- Reported value: $2.1B
- Positions: 462
- Weight of the ten largest: 20.6%
- Filed: 2026-07-13

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 |
|---|---|---|---|---|---|
| Moneta Money Bank AS | - | $94.5M | 10,788,569 | 4.5% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $59.1M | 79,130 | 2.8% | 7 |
| POWSZECHNA KASA OSZCZEDNOSC PLN 1.0 | - | $49.0M | 1,786,592 | 2.3% | 2 |
| OTP BANK PLC | - | $42.4M | 287,225 | 2.0% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $41.3M | 193,976 | 2.0% | 7 |
| Bank Polska Kasa Opieki SA | - | $33.1M | 544,640 | 1.6% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $29.8M | 51,312 | 1.4% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $29.5M | 40,026 | 1.4% | 7 |
| CEZ AS | - | $28.2M | 482,253 | 1.3% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $27.9M | 74,742 | 1.3% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $27.0M | 134,776 | 1.3% | 7 |
| OMV AG | - | $26.0M | 412,873 | 1.2% | 7 |
| Santander Bank Polska SA | - | $25.9M | 151,382 | 1.2% | 2 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $25.4M | 58,821 | 1.2% | 6 |
| SK Hynix Inc | - | $25.3M | 14,109 | 1.2% | 7 |
| SAMSUNG ELECTRONICS CO LTD SPONS ADR | - | $24.8M | 4,610 | 1.2% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $24.5M | 102,903 | 1.2% | 7 |
| ERSTE GROUP BANK AG | - | $23.2M | 173,197 | 1.1% | 7 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $22.1M | 116,115 | 1.0% | 7 |
| PZU | - | $21.2M | 1,218,313 | 1.0% | 2 |
| KGHM POLSKA MIEDZ S.A. | - | $20.4M | 232,261 | 1.0% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $20.2M | 27,000 | 1.0% | 7 |
| InPost SA | - | $19.0M | 1,079,544 | 0.9% | 7 |
| KOMERCNI BANKA, A.S. | - | $18.4M | 401,626 | 0.9% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $18.0M | 62,081 | 0.9% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $17.7M | 126,938 | 0.8% | 7 |
| Siemens AG | - | $17.2M | 53,457 | 0.8% | 6 |
| Halyk Savings Bank of Kazakhstan JSC | - | $16.6M | 554,105 | 0.8% | 7 |
| GROUPON INC | [GRPN](https://holderbook.com/stocks/GRPN/) | $16.6M | 689,568 | 0.8% | 7 |
| Anheuser-Busch InBev SA | - | $16.1M | 194,369 | 0.8% | 2 |
| ASML HOLDING NV EUR0.09 | - | $16.1M | 8,179 | 0.8% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $15.7M | 41,524 | 0.7% | 7 |
| GEDEON RICHTER NYRT. | - | $15.6M | 403,252 | 0.7% | 2 |
| LPP S.A. | - | $15.2M | 3,138 | 0.7% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $14.8M | 45,112 | 0.7% | 7 |
| NAC KAZATOMPROM JSC | - | $14.7M | 213,310 | 0.7% | 7 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $14.4M | 166,563 | 0.7% | 7 |
| CSG NV | - | $13.6M | 932,618 | 0.6% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $13.4M | 37,813 | 0.6% | 7 |
| VONOVIA SE F | - | $12.8M | 522,441 | 0.6% | 6 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $12.7M | 619,000 | 0.6% | 7 |
| ISHARES TR | [ILF](https://holderbook.com/stocks/ILF/) | $12.5M | 371,843 | 0.6% | 1 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $11.9M | 153,140 | 0.6% | 7 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $11.9M | 11,373 | 0.6% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $11.8M | 10,223 | 0.6% | 3 |
| ADIDAS AG NPV | - | $11.6M | 56,949 | 0.5% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $11.5M | 32,238 | 0.5% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $11.4M | 40,612 | 0.5% | 7 |
| Allianz SE | - | $11.4M | 24,168 | 0.5% | 2 |
| SAP SE | [SAPGF](https://holderbook.com/stocks/SAPGF/) | $11.1M | 72,243 | 0.5% | 6 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $11.1M | 47,181 | 0.5% | 7 |
| Deutsche Telekom AG | - | $11.0M | 404,544 | 0.5% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $11.0M | 23,046 | 0.5% | 7 |
| Groupe Danone | - | $10.4M | 126,669 | 0.5% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $10.3M | 30,091 | 0.5% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $9.8M | 8,184 | 0.5% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $9.6M | 100,177 | 0.5% | 7 |
| LVMH Moet Hennessy Louis Vuitton SE | - | $9.6M | 17,373 | 0.5% | 2 |
| CD PROJEKT SA | - | $9.6M | 160,822 | 0.5% | 2 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $9.4M | 43,552 | 0.4% | 7 |
| ALLEGRO EU SA | - | $9.4M | 933,308 | 0.4% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $9.1M | 67,352 | 0.4% | 7 |
| Schneider SA Ex Spie Batig SHS | - | $9.1M | 27,938 | 0.4% | 7 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $9.1M | 26,863 | 0.4% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $9.1M | 16,100 | 0.4% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $9.0M | 35,651 | 0.4% | 7 |
| Iberdrola SA | - | $8.8M | 354,006 | 0.4% | 7 |
| Airbus SE | - | $8.8M | 39,398 | 0.4% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $8.7M | 16,954 | 0.4% | 7 |
| RWE AG | - | $8.7M | 134,182 | 0.4% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.5M | 16,941 | 0.4% | 7 |
| Leonardo SpA | - | $8.4M | 155,798 | 0.4% | 5 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $8.3M | 224,707 | 0.4% | 5 |
| Thales SA | - | $7.9M | 30,958 | 0.4% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $7.9M | 29,295 | 0.4% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $7.8M | 47,355 | 0.4% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $7.8M | 96,305 | 0.4% | 7 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $7.8M | 55,910 | 0.4% | 7 |
| MOL Hungarian Oil & Gas PLC | - | $7.8M | 655,014 | 0.4% | 2 |
| E.ON SE | - | $7.8M | 377,587 | 0.4% | 6 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $7.7M | 25,725 | 0.4% | 7 |
| DINO POLSKA SA | - | $7.5M | 992,960 | 0.4% | 2 |
| ING GROEP N.V. | - | $7.5M | 236,253 | 0.4% | 7 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $7.2M | 31,600 | 0.3% | 7 |
| BANCO SANTANDER SA REG SHS | - | $7.1M | 515,532 | 0.3% | 3 |
| STONEX GROUP INC | [SNEX](https://holderbook.com/stocks/SNEX/) | $7.1M | 59,725 | 0.3% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $7.0M | 6,577 | 0.3% | 7 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $7.0M | 62,270 | 0.3% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $6.9M | 6,855 | 0.3% | 7 |
| INDITEX | - | $6.8M | 108,627 | 0.3% | 7 |
| GEN DIGITAL INC | [GEN](https://holderbook.com/stocks/GEN/) | $6.8M | 273,839 | 0.3% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $6.8M | 53,896 | 0.3% | 7 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $6.6M | 31,551 | 0.3% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.5M | 47,700 | 0.3% | 7 |
| Polski Koncern Naftowy Orlen SA | - | $6.5M | 193,596 | 0.3% | 2 |
| London Stock Exchange Group PL | - | $6.4M | 59,582 | 0.3% | 7 |
| Koninklijke Philips NV | - | $6.4M | 236,066 | 0.3% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.2M | 14,832 | 0.3% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.2M | 14,622 | 0.3% | 7 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $6.0M | 63,521 | 0.3% | 7 |

## 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 |
|---|---|---|---|---|
| Q1 2026 | -2.6% | -4.6% | +2.1% | 77% |
| Q4 2025 | +2.7% | +2.4% | +0.3% | 79% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 78% |
| Q2 2025 | +8.7% | +10.5% | -1.7% | 79% |
| Q1 2025 | +0.2% | -4.6% | +4.8% | 83% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.1B | 462 |
| Q1 2026 | $1.9B | 449 |
| Q4 2025 | $1.4B | 393 |
| Q3 2025 | $1.3B | 378 |
| Q2 2025 | $1.2B | 380 |
| Q1 2025 | $1.1B | 380 |
| Q4 2024 | $970.1M | 350 |