Q2 2026 13F · SEC CIK 2071170

Towarzystwo Funduszy Inwestycyjnych Pzu SA

Investment managerFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $354.8M
Reported positions: 690
Holdings vs S&P 500, 3 yrs: —
Average holding period: 1.3 yrs

Towarzystwo Funduszy Inwestycyjnych Pzu SA is an investment manager that reported 690 positions worth $354.8M in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were Nvidia Corporation Com (NVDA, 17.2%), Ishares Semiconductor ETF (SOXX, 6.3%), Microsoft Corp (MSFT, 4.7%).

Towarzystwo Funduszy Inwestycyjnych Pzu SA holdings largest 50 of 690 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Towarzystwo Funduszy Inwestycyjnych Pzu SA 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	17.2%	16.5%	305,846	+8.5%	$61.2M
SOXXIshares Semiconductor ETF	6.3%	—	34,995	—	$22.4M
MSFTMicrosoft Corp	4.7%	5.6%	44,696	-1.4%	$16.7M
AAPLApple Inc	3.4%	3.4%	41,955	+4.9%	$12.1M
ONONOn Hldg AG	2.8%	3.2%	280,142	+0.0%	$9.9M
MUMicron Technology Inc	2.2%	0.7%	6,656	+4.5%	$7.7M
AVGOBroadcom Inc	2.0%	1.9%	19,088	+5.8%	$7.2M
AMZNAmazon Com Inc Com	1.9%	2.2%	27,644	-12.9%	$6.6M
GOOGLAlphabet Inc	1.8%	1.6%	17,627	+7.3%	$6.3M
METAMeta Platforms Inc Class A	1.7%	2.0%	10,881	+4.5%	$6.1M
GLDSpdr Gold Shares	1.6%	—	15,750	—	$5.8M
LLYLilly Eli & Co	1.4%	1.3%	4,167	-3.3%	$5.0M
AXONAxon Enterprise Inc	1.1%	1.0%	7,172	+4.9%	$4.0M
CCJCameco Corp Com	1.1%	1.3%	37,061	+7.8%	$3.8M
NEMNewmont Corp	1.0%	1.6%	38,781	-10.7%	$3.6M
CRWDCrowdstrike Hldgs Inc Class A	1.0%	0.6%	4,512	-5.9%	$3.4M
DBAInvesco Db Multi-Sector Comm	0.9%	—	120,600	—	$3.2M
GEVGe Vernova Inc	0.9%	0.7%	2,726	+9.6%	$3.2M
AMDAdvanced Micro Devices Inc	0.8%	0.3%	4,716	-3.5%	$2.7M
AEMAgnico Eagle Mines Ltd	0.7%	1.3%	16,691	-12.4%	$2.6M
JNJJohnson & Johnson	0.7%	0.8%	10,050	+1.9%	$2.6M
UNHUnitedhealth Group Inc Com	0.7%	0.5%	6,057	+0.8%	$2.5M
ISRGIntuitive Surgical Inc	0.7%	0.9%	6,049	+1.2%	$2.4M
ABBVAbbvie Inc	0.6%	0.6%	8,698	+0.5%	$2.2M
GOOGAlphabet Inc	0.6%	0.5%	6,114	+14.1%	$2.2M
TSLATesla Inc Com	0.6%	0.6%	5,129	+13.3%	$2.2M
XOMExxon Mobil Corp	0.6%	1.1%	15,624	-19.3%	$2.1M
NOWServicenow Inc Com	0.6%	0.7%	20,384	+1.5%	$2.0M
CSCOCisco Sys Inc	0.5%	0.5%	16,427	-6.7%	$1.9M
BBarrick Mng Corp	0.5%	0.8%	52,337	-14.1%	$1.9M
JPMJpmorgan Chase & Co	0.5%	0.5%	5,594	+7.3%	$1.8M
AZNAstrazeneca PLC Ord	0.5%	0.4%	8,972	+34.9%	$1.7M
PLPlanet Labs Pbc	0.5%	—	49,060	—	$1.6M
CRMSalesforce Inc Com	0.5%	0.8%	10,308	-18.0%	$1.6M
MRKMerck & Co. Inc	0.4%	0.5%	12,190	-7.2%	$1.6M
VVisa Inc Com Cl A	0.4%	0.4%	4,529	+8.9%	$1.6M
WPMWheaton Precious Metals	0.4%	0.7%	13,672	-14.4%	$1.5M
NETCloudflare Inc	0.4%	0.6%	6,101	-33.9%	$1.5M
DXCMDexcom Inc	0.4%	0.5%	21,717	+0.0%	$1.5M
TJXTjx Cos Inc New Com	0.4%	0.5%	9,247	+2.6%	$1.4M
ASAmer Sports Inc	0.4%	0.5%	41,000	+0.0%	$1.4M
MCHIIshares Tr	0.4%	—	26,980	—	$1.4M
COPXGlobal X Copper Miners ETF	0.4%	—	17,650	—	$1.4M
WSTWest Pharmaceutical Svsc Inc	0.4%	0.3%	3,727	-7.3%	$1.3M
WMTWalmart Inc	0.4%	0.5%	11,674	+3.0%	$1.3M
PANWPalo Alto Networks Inc	0.4%	0.4%	3,756	-54.2%	$1.3M
BRK-BBerkshire Hathaway Inc Del	0.3%	0.4%	2,453	+11.0%	$1.2M
EWZIshares Inc	0.3%	—	35,500	—	$1.2M
MAMastercard Inc.	0.3%	0.4%	2,290	+5.1%	$1.2M
INTCIntel Corp	0.3%	—	8,365	—	$1.2M

What Towarzystwo Funduszy Inwestycyjnych Pzu SA bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

AZN Astrazeneca PLC Ord+34.9% shares
GOOG Alphabet Inc+14.1% shares
TSLA Tesla Inc Com+13.3% shares
BRK-B Berkshire Hathaway Inc Del+11.0% shares
GEV Ge Vernova Inc+9.6% shares
V Visa Inc Com Cl A+8.9% shares
NVDA Nvidia Corporation Com+8.5% shares
CCJ Cameco Corp Com+7.8% shares

Reduced

PANW Palo Alto Networks Inc-54.2% shares
NET Cloudflare Inc-33.9% shares
XOM Exxon Mobil Corp-19.3% shares
CRM Salesforce Inc Com-18.0% shares
WPM Wheaton Precious Metals-14.4% shares
B Barrick Mng Corp-14.1% shares
AMZN Amazon Com Inc Com-12.9% shares
AEM Agnico Eagle Mines Ltd-12.4% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.8% /yr; S&P 500 +20.1%
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$354.8M	690
Q1 2026	$297.7M	687
Q4 2025	$397.2M	682
Q3 2025	$422.0M	662
Q2 2025	$355.6M	658
Q1 2025	$293.3M	654

Questions about Towarzystwo Funduszy Inwestycyjnych Pzu SA's portfolio

What stocks does Towarzystwo Funduszy Inwestycyjnych Pzu SA own?

Towarzystwo Funduszy Inwestycyjnych Pzu SA's latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 690 positions worth $354.8M. The largest are Nvidia Corporation Com (NVDA) at 17.2%, Ishares Semiconductor ETF (SOXX) at 6.3%, Microsoft Corp (MSFT) at 4.7%, Apple Inc (AAPL) at 3.4% and On Hldg AG (ONON) at 2.8%.

What did Towarzystwo Funduszy Inwestycyjnych Pzu SA buy last quarter?

In Q2 2026, Towarzystwo Funduszy Inwestycyjnych Pzu SA added Astrazeneca PLC Ord (AZN) (+34.9% shares), Alphabet Inc (GOOG) (+14.1% shares) and Tesla Inc Com (TSLA) (+13.3% shares), compared with its Q1 2026 filing.

What did Towarzystwo Funduszy Inwestycyjnych Pzu SA sell last quarter?

In Q2 2026, Towarzystwo Funduszy Inwestycyjnych Pzu SA cut from its top 50 Chevron Corp New (CVX), cut from its top 50 First Solar Inc Com (FSLR), cut from its top 50 Anglogold Ashanti PLC (AU), cut from its top 50 Kinross Gold Corp (KGC), cut from its top 50 Gold Fields Ltd ADR (GFI), Palo Alto Networks Inc (PANW) (-54.2% shares), Cloudflare Inc (NET) (-33.9% shares) and Exxon Mobil Corp (XOM) (-19.3% shares), compared with its Q1 2026 filing.

When is Towarzystwo Funduszy Inwestycyjnych Pzu SA's next 13F filing due?

13F filings are due 45 days after each quarter ends. Towarzystwo Funduszy Inwestycyjnych Pzu SA's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.