Generali Investments CEE, investicni spolecnost, a.s.
Long book
$1.91B
Q1 2026
Positions
452
Top-10 weight
21%
concentration
Last quarter
+13.7%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsGenerali Investments CEE, investicni spolecnost, a.s. is an institutional manager, running a $1.91B US long book across 452 positions.
The portfolio is broadly diversified across 452 positions (top 10 only 21%). Turnover is modest: positions are typically held for years. Current anchor positions: MONETA MONEY BANK AS, SS SPDR S&P 500 ETF TRUST-US, PKO BANK POLSKI SA, INVESCO S&P 500 EQUAL WEIGHT, OTP BANK PLC.
Over the last 6 quarters its long book ran on average 0.9pp per quarter ahead of 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
+0.9%
Q1 2025
+9.0%
Q2 2025
+8.1%
Q3 2025
+2.8%
Q4 2025
-1.5%
Q1 2026
+13.7%
Sector allocation
Other 44%
Technology 14%
Financials 7%
Healthcare 6%
Industrials 5%
Energy 5%
Services media 4%
Consumer discretionary 4%
Long book by quarter
What does Generali Investments own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MONET MONETA MONEY BANK AS | — | 11.1M | $96.2M | 5.0% | New |
| PKO PKO BANK POLSKI SA | — | 1.8M | $43.2M | 2.3% | New |
| OTP OTP BANK PLC | — | 316.5K | $33.7M | 1.8% | New |
| PEO BANK PEKAO SA | — | 569.8K | $33.4M | 1.8% | New |
| OMV OMV AG | — | 419.2K | $30.6M | 1.6% | -1.5% |
| BKZHF ERSTE BANK POLSKA SA | — | 157.8K | $24.8M | 1.3% | New |
| EBO ERSTE GROUP BANK AG | — | 212.4K | $22.7M | 1.2% | -6.1% |
| NVDA NVIDIA CORP | Technology | 122.9K | $21.4M | 1.1% | -1.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 101.2K | $21.1M | 1.1% | +14.0% |
| PZU POWSZECHNY ZAKLAD UBEZPIECZE | — | 1.2M | $20.2M | 1.1% | New |
| MSFT MICROSOFT CORP | Technology | 54.4K | $20.1M | 1.1% | +27.9% |
| CSG CSG NV | — | 744.4K | $20.1M | 1.1% | New |
| KONN KOMERCNI BANKA AS | — | 383.5K | $19.5M | 1.0% | New |
| LPP LPP SA | — | 3.2K | $19.4M | 1.0% | New |
| INPST INPOST SA | — | 1.1M | $19.2M | 1.0% | -33.8% |
| KGHPF KGHM POLSKA MIEDZ SA | — | 256.0K | $18.5M | 1.0% | New |
| DTE DEUTSCHE TELEKOM AG-REG | Utilities | 464.4K | $17.3M | 0.9% | New |
| AAPL APPLE INC | Technology | 64.6K | $16.4M | 0.9% | +0.2% |
| RICHT RICHTER GEDEON NYRT | — | 422.0K | $15.0M | 0.8% | New |
| SIE SIEMENS AG-REG | — | 56.9K | $13.9M | 0.7% | +29.3% |
| VNA VONOVIA SE | — | 522.1K | $13.2M | 0.7% | +6.1% |
| AVGO BROADCOM INC | Technology | 42.4K | $13.1M | 0.7% | +42.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 63.9K | $13.0M | 0.7% | +2.7% |
| ASML ASML HOLDING NV | Industrials | 10.0K | $12.9M | 0.7% | New |
| GOOG ALPHABET INC-CL C | Technology | 43.2K | $12.4M | 0.6% | -6.1% |
| JPM JPMORGAN CHASE & CO | Financials | 41.8K | $12.3M | 0.6% | -3.5% |
| TTE TOTALENERGIES SE | Energy | 131.0K | $12.3M | 0.6% | Held |
| BUD ANHEUSER-BUSCH INBEV SA/NV | Consumer staples | 175.5K | $12.1M | 0.6% | New |
| SAP SAP SE | Technology | 67.5K | $11.6M | 0.6% | +20.8% |
| DELL DELL TECHNOLOGIES -C | Technology | 64.8K | $10.6M | 0.6% | +102.6% |
| PEP PEPSICO INC | Consumer staples | 68.3K | $10.6M | 0.6% | -1.7% |
| ALV ALLIANZ SE-REG | Industrials | 25.1K | $10.5M | 0.6% | New |
| BN DANONE | Real estate | 128.0K | $10.2M | 0.5% | New |
| DIS WALT DISNEY CO/THE | Services media | 101.1K | $9.7M | 0.5% | -1.3% |
| GOOGL ALPHABET INC-CL A | Technology | 33.4K | $9.6M | 0.5% | -17.2% |
| RWE RWE AG | — | 140.5K | $9.4M | 0.5% | -8.3% |
| MC LVMH MOET HENNESSY LOUIS VUI | Financials | 17.5K | $9.4M | 0.5% | New |
| 4ADS ADIDAS AG | — | 58.2K | $9.3M | 0.5% | New |
| V VISA INC-CLASS A SHARES | Services media | 30.5K | $9.2M | 0.5% | -4.8% |
| B BARRICK MINING CORP | Materials | 224.7K | $9.2M | 0.5% | +198.0% |
| CVX CHEVRON CORP | Energy | 44.3K | $9.2M | 0.5% | -0.3% |
| AXP AMERICAN EXPRESS CO | Financials | 29.9K | $9.0M | 0.5% | -2.9% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 36.9K | $8.9M | 0.5% | +8.0% |
| DNP DINO POLSKA SA | — | 993.0K | $8.9M | 0.5% | New |
| META META PLATFORMS INC-CLASS A | Technology | 15.5K | $8.9M | 0.5% | +0.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 27.9K | $8.7M | 0.5% | -3.8% |
| LLY ELI LILLY & CO | Healthcare | 9.2K | $8.5M | 0.4% | -5.1% |
| EOA E.ON SE | — | 377.6K | $8.3M | 0.4% | +1.9% |
| CDR CD PROJEKT SA | — | 130.1K | $8.3M | 0.4% | New |
| LSEG LONDON STOCK EXCHANGE GROUP | — | 70.5K | $8.3M | 0.4% | +109.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 452 | $1.91B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 396 | $1.42B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 383 | $1.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 383 | $1.22B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 383 | $1.07B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 353 | $970.1M | canonical | SEC ↗ |
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