# Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2054965. Source: https://holderbook.com/funds/2054965-towarzystwo-funduszy-inwestycyjnych-allianz-polska-s-a/

- Reported value: $46.6M
- Positions: 39
- Weight of the ten largest: 68.4%
- Filed: 2026-07-10

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 |
|---|---|---|---|---|---|
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $4.9M | 52,480 | 10.5% | 10 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $4.7M | 30,626 | 10.2% | 10 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $4.0M | 35,610 | 8.6% | 10 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $3.7M | 102,000 | 8.0% | 5 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $3.3M | 141,100 | 7.1% | 10 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $2.6M | 32,100 | 5.6% | 10 |
| GOLD FIELDS LTD | [GFI](https://holderbook.com/stocks/GFI/) | $2.5M | 74,300 | 5.4% | 10 |
| PAN AMERN SILVER CORP | [PAAS](https://holderbook.com/stocks/PAAS/) | $2.5M | 55,050 | 5.3% | 10 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $1.9M | 62,400 | 4.0% | 10 |
| HARMONY GOLD MNG LTD | [HMY](https://holderbook.com/stocks/HMY/) | $1.7M | 114,200 | 3.7% | 10 |
| SSR MINING IN | [SSRM](https://holderbook.com/stocks/SSRM/) | $1.6M | 55,200 | 3.3% | 10 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $1.5M | 156,900 | 3.3% | 10 |
| OCEANAGOLD CORP | [OGC](https://holderbook.com/stocks/OGC/) | $1.5M | 58,666 | 3.1% | 1 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $1.5M | 7,000 | 3.1% | 10 |
| B2GOLD CORP | [BTG](https://holderbook.com/stocks/BTG/) | $1.4M | 377,800 | 3.0% | 10 |
| CENTERRA GOLD INC | [CGAU](https://holderbook.com/stocks/CGAU/) | $1.3M | 81,100 | 2.7% | 10 |
| FORTUNA MNG CORP | [FSM](https://holderbook.com/stocks/FSM/) | $1.3M | 151,500 | 2.7% | 9 |
| ELDORADO GOLD CORP NEW | [EGO](https://holderbook.com/stocks/EGO/) | $1.0M | 33,500 | 2.2% | 10 |
| SILVERCORP METALS INC | [SVM](https://holderbook.com/stocks/SVM/) | $925.2K | 91,700 | 2.0% | 10 |
| FIRST MAJESTIC SILVER CORP | [AG](https://holderbook.com/stocks/AG/) | $905.7K | 53,400 | 1.9% | 10 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $803.9K | 52,100 | 1.7% | 10 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $483.1K | 2,420 | 1.0% | 10 |
| DRDGOLD LIMITED | [DRD](https://holderbook.com/stocks/DRD/) | $423.9K | 19,900 | 0.9% | 10 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $13.7K | 100 | 0.0% | 3 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $13.5K | 80 | 0.0% | 10 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $13.3K | 80 | 0.0% | 3 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $13.0K | 50 | 0.0% | 10 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $12.8K | 50 | 0.0% | 10 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $12.6K | 170 | 0.0% | 10 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $12.1K | 260 | 0.0% | 3 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $11.7K | 90 | 0.0% | 3 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $11.7K | 240 | 0.0% | 3 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $11.5K | 360 | 0.0% | 10 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $11.3K | 130 | 0.0% | 10 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $11.2K | 330 | 0.0% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $11.2K | 120 | 0.0% | 3 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $9.6K | 180 | 0.0% | 3 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $9.5K | 230 | 0.0% | 3 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $8.9K | 160 | 0.0% | 2 |

## 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 | -17.4% | +14.8% | -32.2% | 100% |
| Q1 2026 | +8.4% | -4.6% | +13.1% | 99% |
| Q4 2025 | +13.5% | +2.4% | +11.2% | 100% |
| Q3 2025 | +35.2% | +7.8% | +27.3% | 100% |
| Q2 2025 | +13.1% | +10.5% | +2.6% | 100% |
| Q1 2025 | +19.8% | -4.6% | +24.3% | 100% |
| Q4 2024 | -11.3% | +2.1% | -13.4% | 100% |
| Q3 2024 | +12.8% | +5.4% | +7.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $46.6M | 39 |
| Q1 2026 | $56.2M | 38 |
| Q4 2025 | $47.0M | 37 |
| Q3 2025 | $40.5M | 37 |
| Q2 2025 | $21.1M | 38 |
| Q1 2025 | $23.3M | 38 |
| Q4 2024 | $33.8M | 38 |
| Q3 2024 | $39.0M | 39 |
| Q2 2024 | $32.8M | 39 |
| Q1 2024 | $27.5M | 39 |