Generali Asset Management SPA SGR
Long book
$4.79B
Q1 2026
Positions
484
Top-10 weight
33%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsGenerali Asset Management SPA SGR is an institutional manager, running a $4.79B US long book across 484 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, ALPHABET INC-CL A, ASTRAZENECA PLC.
Over the last 6 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 6 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-3.8%
Q1 2025
+12.1%
Q2 2025
+7.1%
Q3 2025
+2.9%
Q4 2025
-5.2%
Q1 2026
+12.4%
Sector allocation
Technology 33%
Financials 12%
Other 11%
Industrials 10%
Healthcare 9%
Consumer discretionary 6%
Services media 5%
Materials 4%
Long book by quarter
What does Generali Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 2.1M | $359.5M | 7.5% | -2.1% |
| MSFT MICROSOFT CORP | Technology | 608.3K | $225.2M | 4.7% | -1.6% |
| AAPL APPLE INC | Technology | 583.5K | $148.1M | 3.1% | -4.2% |
| GOOGL ALPHABET INC-CL A | Technology | 496.8K | $142.9M | 3.0% | -1.5% |
| AZN ASTRAZENECA PLC | Healthcare | 954.8K | $140.3M | 2.9% | New |
| ARCC ARES CAPITAL CORP | — | 7.5M | $136.0M | 2.8% | +49.4% |
| GOOG ALPHABET INC-CL C | Technology | 430.3K | $123.4M | 2.6% | -1.1% |
| TTE TOTALENERGIES SE | Energy | 1.4M | $109.4M | 2.3% | +3.9% |
| TSLA TESLA INC | Industrials | 233.2K | $86.7M | 1.8% | -1.6% |
| UBS UBS GROUP AG-REG | Financials | 2.7M | $81.6M | 1.7% | +7.0% |
| AVGO BROADCOM INC | Technology | 251.1K | $77.7M | 1.6% | -1.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 350.0K | $72.9M | 1.5% | -4.2% |
| BXSL BLACKSTONE SECURED LENDING F | — | 2.5M | $59.7M | 1.2% | +23.2% |
| AEM AGNICO EAGLE MINES LTD | Materials | 247.4K | $58.1M | 1.2% | -25.8% |
| LLY ELI LILLY & CO | Healthcare | 62.7K | $57.6M | 1.2% | -6.1% |
| NEM NEWMONT CORP | Materials | 519.2K | $56.2M | 1.2% | -32.1% |
| OBDC BLUE OWL CAPITAL CORP | — | 4.4M | $48.4M | 1.0% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 153.7K | $45.2M | 0.9% | -6.8% |
| V VISA INC-CLASS A SHARES | Services media | 145.2K | $43.9M | 0.9% | -3.2% |
| MA MASTERCARD INC - A | Services media | 78.8K | $39.4M | 0.8% | +1.6% |
| MRK MERCK & CO. INC. | Healthcare | 284.1K | $34.2M | 0.7% | -7.8% |
| GBDC GOLUB CAPITAL BDC INC | — | 2.6M | $33.3M | 0.7% | Held |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 69.4K | $33.1M | 0.7% | +4.4% |
| META META PLATFORMS INC-CLASS A | Technology | 57.8K | $33.1M | 0.7% | -6.8% |
| CAT CATERPILLAR INC | Industrials | 45.9K | $32.5M | 0.7% | -1.3% |
| STLA STELLANTIS NV | Industrials | 5.0M | $30.2M | 0.6% | +6.4% |
| GSBD GOLDMAN SACHS BDC INC | — | 3.3M | $29.3M | 0.6% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 86.5K | $28.4M | 0.6% | -0.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 195.7K | $28.3M | 0.6% | -4.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 138.9K | $28.3M | 0.6% | -2.3% |
| GE GENERAL ELECTRIC | Industrials | 97.7K | $27.7M | 0.6% | -1.5% |
| RACE FERRARI NV | Industrials | 95.0K | $27.4M | 0.6% | +9.9% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 183.3K | $26.1M | 0.5% | -42.4% |
| FSK FS KKR CAPITAL CORP | — | 2.5M | $25.9M | 0.5% | Held |
| MSDL MORGAN STANLEY DIRECT LENDIN | — | 1.8M | $25.5M | 0.5% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 71.6K | $24.5M | 0.5% | -5.0% |
| OCSL OAKTREE SPECIALTY LENDING CO | — | 2.1M | $23.6M | 0.5% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 109.2K | $23.3M | 0.5% | -5.4% |
| TD TORONTO-DOMINION BANK | Financials | 177.5K | $23.1M | 0.5% | +7.2% |
| GS GOLDMAN SACHS GROUP INC | Financials | 26.8K | $22.7M | 0.5% | +2.4% |
| LIN LINDE PLC | Materials | 45.5K | $22.5M | 0.5% | -8.3% |
| BAC BANK OF AMERICA CORP | Financials | 450.5K | $22.0M | 0.5% | +1.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 45.4K | $21.8M | 0.5% | -25.0% |
| MS MORGAN STANLEY | Financials | 131.2K | $21.6M | 0.5% | +1.8% |
| KO COCA-COLA CO/THE | Consumer staples | 278.6K | $21.2M | 0.4% | +0.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 420.5K | $21.1M | 0.4% | -7.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 85.2K | $20.7M | 0.4% | +0.9% |
| XOM EXXON MOBIL CORP | Energy | 119.2K | $20.2M | 0.4% | -10.3% |
| WMT WALMART INC | Consumer discretionary | 160.8K | $20.0M | 0.4% | +6.9% |
| AXP AMERICAN EXPRESS CO | Financials | 66.0K | $20.0M | 0.4% | +4.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 484 | $4.79B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 3, 2026 | 483 | $4.89B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 499 | $4.68B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 498 | $4.39B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 494 | $4.06B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | May 29, 2025 | 479 | $3.91B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 479 | $3.91B | SEC ↗ |
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