Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Fundamental diversified ★Signal CIK 2033881
League rank
#24
in Fundamental diversified · #146 overall
Long book
$262.3M
Q1 2026
Positions
28
Top-10 weight
64%
concentration
Last quarter
+33.2%
SPY +14.8%
Turnover
26%
of book per quarter

Strategy in plain words

auto-generated from filings

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group is a diversified fundamental manager, running a $262.3M US long book across 28 positions.

The portfolio is concentrated: the top 10 names carry 64% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A, PAYMENTUS HOLDINGS INC-A, PAN AMERICAN SILVER CORP.

Over the last 9 quarters its long book ran on average 1.9pp per quarter ahead of the S&P 500, beating the index in 4 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
-1.8%
Q2 2024
+3.6%
Q3 2024
-3.6%
Q4 2024
-6.6%
Q1 2025
+5.6%
Q2 2025
+12.7%
Q3 2025
+15.3%
Q4 2025
-0.7%
Q1 2026
+33.2%

Sector allocation

Technology
54%
Services media
16%
Materials
10%
Consumer discretionary
7%
Other
6%
Healthcare
4%
Energy
2%
Industrials
1%

Long book by quarter

$255.1M
Q1 2024
$255.3M
Q2 2024
$235.0M
Q3 2024
$171.4M
Q4 2024
$183.5M
Q1 2025
$159.1M
Q2 2025
$169.3M
Q3 2025
$205.0M
Q4 2025
$262.3M
Q1 2026

What does Vienna Powszechne own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology76.5K$28.3M10.8%New
AMZN AMAZON.COM INCConsumer discretionary93.0K$19.4M7.4%+93.8%
GOOGL ALPHABET INC-CL ATechnology65.5K$18.8M7.2%Held
PAY PAYMENTUS HOLDINGS INC-AServices media733.5K$18.6M7.1%+70.6%
PAAS PAN AMERICAN SILVER CORPMaterials286.3K$15.6M6.0%Held
MU MICRON TECHNOLOGY INCTechnology45.0K$15.2M5.8%Held
AAPL APPLE INCTechnology55.0K$14.0M5.3%New
NVDA NVIDIA CORPTechnology77.0K$13.4M5.1%+352.9%
AMD ADVANCED MICRO DEVICESTechnology60.8K$12.4M4.7%-42.0%
DECK DECKERS OUTDOOR CORPOther118.1K$11.8M4.5%Held
MRVL MARVELL TECHNOLOGY INCTechnology115.0K$11.4M4.3%Held
FCX FREEPORT-MCMORAN INCMaterials178.3K$10.5M4.0%Held
CRM SALESFORCE INCTechnology52.0K$9.7M3.7%New
MELI MERCADOLIBRE INCServices media5.3K$9.1M3.5%Held
DASH DOORDASH INC - AServices media50.1K$7.5M2.9%Held
MCHP MICROCHIP TECHNOLOGY INCTechnology105.0K$6.8M2.6%Held
MSCI MSCI INCServices media11.2K$6.0M2.3%Held
SNOW SNOWFLAKE INCTechnology39.0K$5.9M2.2%New
NOW SERVICENOW INCTechnology48.0K$5.0M1.9%New
COP CONOCOPHILLIPSEnergy38.0K$5.0M1.9%Held
SNDX SYNDAX PHARMACEUTICALS INCHealthcare200.0K$4.7M1.8%Held
NBIX NEUROCRINE BIOSCIENCES INCHealthcare30.4K$4.0M1.5%Held
LTEC LOGITECH INTERNATIONAL-REG—37.6K$3.4M1.3%+13.4%
STLA STELLANTIS NVIndustrials400.0K$2.8M1.1%Held
NRIX NURIX THERAPEUTICS INCHealthcare85.0K$1.3M0.5%Held
TDW TIDEWATER INCIndustrials9.7K$813K0.3%Held
ARVN ARVINAS INCHealthcare57.5K$610K0.2%Held
CCCC C4 THERAPEUTICS INCHealthcare85.0K$224K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 5, 202628$262.3M canonicalSEC ↗
Q4 202513F-HRFeb 5, 202626$205.0M canonicalSEC ↗
Q3 202513F-HRNov 3, 202526$169.3M canonicalSEC ↗
Q2 202513F-HRAug 1, 202588$159.1M canonicalSEC ↗
Q1 202513F-HRMay 5, 202593$183.5M canonicalSEC ↗
Q4 202413F-HRFeb 10, 202585$171.4M canonicalSEC ↗
Q3 202413F-HRNov 7, 202491$235.0M canonicalSEC ↗
Q2 202413F-HRSep 12, 202494$255.3M canonicalSEC ↗
Q1 202413F-HRSep 12, 202495$255.1M canonicalSEC ↗

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