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 (NVDA, 17.2%), Ishares Tr (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	17.2%	16.5%	305,846	+8.5%	$61.2M
SOXXIshares Tr	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	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	1.7%	2.0%	10,881	+4.5%	$6.1M
GLDSpdr Gold Tr	1.6%	—	15,750	—	$5.8M
LLYEli Lilly & 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	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	1.0%	0.6%	4,512	-5.9%	$3.4M
DBAInvesco Db Agriculture Fund	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	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	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	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	0.5%	0.4%	8,972	+34.9%	$1.7M
PLPlanet Labs Pbc	0.5%	—	49,060	—	$1.6M
CRMSalesforce Inc	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	0.4%	0.4%	4,529	+8.9%	$1.6M
WPMWheaton Precious Metals Corp	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	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 Fds	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 Incorporated	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+34.9% shares
GOOG Alphabet Inc+14.1% shares
TSLA Tesla Inc+13.3% shares
BRK-B Berkshire Hathaway Inc Del+11.0% shares
GEV Ge Vernova Inc+9.6% shares
V Visa Inc+8.9% shares
NVDA Nvidia Corporation+8.5% shares
CCJ Cameco Corp+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-18.0% shares
WPM Wheaton Precious Metals Corp-14.4% shares
B Barrick Mng Corp-14.1% shares
AMZN Amazon Com Inc-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, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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 (NVDA) at 17.2%, Ishares Tr (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 (AZN) (+34.9% shares), Alphabet Inc (GOOG) (+14.1% shares) and Tesla Inc (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 Corporation (CVX), cut from its top 50 First Solar Inc (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. (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.