General Pension Society PZU Joint Stock
WARSAW, R9files as General Pension Society PZU Joint Stock Co
$668m in 16 US stocks at the end of 30 June 2026. The top 10 are 90.3% of the money. It changed about 9.1% of the portfolio this quarter.
Value
$668m
Stocks
16
Top 10 share
90.3%
Turnover
9.1%
What changed this quarter
New
Bought for the first time this quarter.
- FedEx Freight Holding CompanyFDXF0.9% of the fund
Added
Bought more of a stock they already held.
- MicrosoftMSFT7.1% of the fund+9%
- NvidiaNVDA6.0% of the fund+18%
Cut
Sold some of their stake.
- IntelINTC<0.1% of the fund-100%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Freeport-McMoRanFCX | 26.8% | $179m | 2,846,923 | Held |
| Amazon.comAMZN | 11.1% | $74m | 312,372 | Held |
| Southern CopperSCCO | 9.9% | $66m | 380,704 | Held |
| VistraVST | 7.9% | $53m | 331,694 | Held |
| MicrosoftMSFT | 7.1% | $47m | 127,100 | +9% |
| AlphabetGOOGL | 6.8% | $45m | 126,240 | Held |
| AlphabetGOOG | 6.7% | $45m | 126,200 | Held |
| NvidiaNVDA | 6.0% | $40m | 200,000 | +18% |
| RTXRTX | 4.0% | $27m | 142,005 | Held |
| BoeingBA | 4.0% | $27m | 124,090 | Held |
| Bank of AmericaBAC | 3.7% | $25m | 435,112 | Held |
| FedExFDX | 3.6% | $24m | 75,872 | Held |
| FedEx Freight Holding CompanyFDXF | 0.9% | $6m | 37,936 | New |
| HPHPQ | 0.9% | $6m | 259,200 | Held |
| NikeNKE | 0.7% | $5m | 113,330 | Held |
| IntelINTC | <0.1% | $139,630 | 1,000 | -100% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 85.8% since 30 June 2025.
Where the money is
Materials36.7%
Technology14.0%
Media & telecom13.4%
Industrials12.5%
Retail & consumer11.8%
Utilities7.9%
Financial services3.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.