SAVA PENZISKO DRUSHTVO A.D. SKOPJE
Long book
$327.5M
Q1 2026
Positions
26
Top-10 weight
64%
concentration
Last quarter
+16.4%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsSAVA PENZISKO DRUSHTVO A.D. SKOPJE is a wealth-management firm allocating client money, running a $327.5M US long book across 26 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES MSCI WORLD ETF, ISHARES CORE S&P MIDCAP ETF, ISHARES GLOBAL TECH ETF, FIDELITY MSCI FINANCIAL INDX, VANGUARD FTSE PACIFIC ETF.
Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q3 2025
+3.9%
Q4 2025
-4.0%
Q1 2026
+16.4%
Sector allocation
Technology 55%
Consumer discretionary 15%
Industrials 10%
Utilities 7%
Services media 7%
Other 6%
Long book by quarter
What does SAVA PENZISKO own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 55.1K | $11.5M | 3.5% | +25.9% |
| MSFT MICROSOFT CORP | Technology | 28.5K | $10.5M | 3.2% | +70.8% |
| NVDA NVIDIA CORP | Technology | 51.6K | $9.0M | 2.7% | +11.7% |
| GOOGL ALPHABET INC-CL A | Technology | 25.3K | $7.3M | 2.2% | Held |
| GOOG ALPHABET INC-CL C | Technology | 25.3K | $7.3M | 2.2% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 32.1K | $7.2M | 2.2% | Held |
| AAPL APPLE INC | Technology | 25.9K | $6.6M | 2.0% | Held |
| LNG CHENIERE ENERGY INC | Utilities | 19.0K | $5.4M | 1.6% | New |
| PYPL PAYPAL HOLDINGS INC | Services media | 111.4K | $5.0M | 1.5% | +28.3% |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 62.4K | $4.5M | 1.4% | +85.1% |