PKO Investment Management Joint-Stock Co
Long book
$1.19B
Q1 2026
Positions
220
Top-10 weight
38%
concentration
Last quarter
+12.0%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsPKO Investment Management Joint-Stock Co is a diversified fundamental manager, running a $1.19B US long book across 220 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, NVIDIA CORP, APPLE INC, MICROSOFT CORP, AGNICO EAGLE MINES LTD.
Over the last 9 quarters its long book ran on average 1.1pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.1%
Q2 2024
+5.3%
Q3 2024
+0.2%
Q4 2024
-0.7%
Q1 2025
+13.4%
Q2 2025
+13.5%
Q3 2025
+4.9%
Q4 2025
-2.1%
Q1 2026
+12.0%
Sector allocation
Technology 38%
Materials 23%
Healthcare 9%
Consumer discretionary 8%
Industrials 6%
Energy 5%
Services media 4%
Other 2%
Long book by quarter
What does PKO Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 325.0K | $56.7M | 4.8% | -13.3% |
| AAPL APPLE INC | Technology | 175.0K | $44.4M | 3.7% | -5.9% |
| MSFT MICROSOFT CORP | Technology | 99.0K | $36.6M | 3.1% | -11.6% |
| AEM AGNICO EAGLE MINES LTD | Materials | 177.7K | $36.0M | 3.0% | +5.4% |
| NEM NEWMONT CORP | Materials | 332.1K | $36.0M | 3.0% | +15.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 146.0K | $30.4M | 2.6% | -14.1% |
| TSLA TESLA INC | Industrials | 72.3K | $26.9M | 2.3% | +23.0% |
| B BARRICK MINING CORP | Materials | 638.3K | $26.0M | 2.2% | +19.3% |
| META META PLATFORMS INC-CLASS A | Technology | 41.0K | $23.5M | 2.0% | +2.5% |
| GOOGL ALPHABET INC-CL A | Technology | 76.0K | $21.9M | 1.8% | -2.6% |
| GOOG ALPHABET INC-CL C | Technology | 68.0K | $19.5M | 1.6% | -1.4% |
| AVGO BROADCOM INC | Technology | 58.0K | $18.0M | 1.5% | -35.6% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 133.4K | $17.5M | 1.5% | -3.3% |
| FNV FRANCO-NEVADA CORP | Materials | 70.5K | $17.4M | 1.5% | +0.9% |
| WMT WALMART INC | Consumer discretionary | 140.0K | $17.4M | 1.5% | +722.6% |
| XOM EXXON MOBIL CORP | Energy | 94.4K | $16.0M | 1.3% | +9.1% |
| KGC KINROSS GOLD CORP | Materials | 514.2K | $15.7M | 1.3% | +6.5% |
| MU MICRON TECHNOLOGY INC | Technology | 44.0K | $14.9M | 1.3% | +12.8% |
| NFLX NETFLIX INC | Services media | 140.0K | $13.5M | 1.1% | -26.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 12.0K | $12.0M | 1.0% | -36.9% |
| CVX CHEVRON CORP | Energy | 56.2K | $11.6M | 1.0% | +8.8% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 76.0K | $11.1M | 0.9% | +1.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 54.0K | $11.0M | 0.9% | -5.3% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 196.8K | $10.7M | 0.9% | -14.7% |
| CSCO CISCO SYSTEMS INC | Technology | 130.0K | $10.1M | 0.8% | +13.0% |
| LLY ELI LILLY & CO | Healthcare | 10.1K | $9.3M | 0.8% | +1.0% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 197.5K | $8.8M | 0.7% | +21.9% |
| LRCX LAM RESEARCH CORP | Industrials | 41.0K | $8.8M | 0.7% | +2.5% |
| AMAT APPLIED MATERIALS INC | Technology | 25.0K | $8.5M | 0.7% | +4.2% |
| AMGN AMGEN INC | Healthcare | 22.6K | $8.0M | 0.7% | -7.8% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 16.5K | $7.6M | 0.6% | +15.4% |
| CDE COEUR MINING INC | Materials | 394.2K | $7.4M | 0.6% | +73.3% |
| TMUS T-MOBILE US INC | Communications | 35.0K | $7.4M | 0.6% | -32.7% |
| INTC INTEL CORP | Technology | 165.0K | $7.3M | 0.6% | +37.5% |
| RGLD ROYAL GOLD INC | Financials | 27.1K | $6.9M | 0.6% | -7.4% |
| GILD GILEAD SCIENCES INC | Healthcare | 49.0K | $6.8M | 0.6% | +25.6% |
| KLAC KLA CORP | Other | 4.5K | $6.6M | 0.6% | +12.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 27.0K | $6.6M | 0.6% | -3.6% |
| COP CONOCOPHILLIPS | Energy | 44.2K | $5.8M | 0.5% | +28.5% |
| TXN TEXAS INSTRUMENTS INC | Technology | 30.0K | $5.8M | 0.5% | -34.8% |
| PEP PEPSICO INC | Consumer staples | 35.0K | $5.4M | 0.5% | -38.9% |
| ADI ANALOG DEVICES INC | Technology | 17.0K | $5.4M | 0.5% | +41.7% |
| MELI MERCADOLIBRE INC | Services media | 3.0K | $5.2M | 0.4% | -6.3% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 52.3K | $5.2M | 0.4% | -12.9% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 15.6K | $5.1M | 0.4% | -4.3% |
| EQX EQUINOX GOLD CORP | Materials | 350.2K | $5.0M | 0.4% | +2.3% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 11.0K | $4.9M | 0.4% | -1.8% |
| QCOM QUALCOMM INC | Technology | 38.0K | $4.9M | 0.4% | Held |
| AG FIRST MAJESTIC SILVER CORP | Materials | 222.7K | $4.8M | 0.4% | -6.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 40.0K | $4.7M | 0.4% | +11.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 220 | $1.19B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 218 | $1.25B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 202 | $1.17B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 175 | $930.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 18, 2025 | 174 | $881.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Mar 13, 2025 | 156 | $803.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Mar 13, 2025 | 156 | $810.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Mar 13, 2025 | 164 | $809.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Mar 13, 2025 | 159 | $840.6M | canonical | SEC ↗ |
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