Generate Investment Management
AUCKLAND, Q2files as Generate Investment Management Ltd
$2.4bn in 90 US stocks at the end of 30 June 2026. The top 10 are 49.5% of the money. It changed about 29.8% of the portfolio this quarter.
Value
$2.4bn
Stocks
90
Top 10 share
49.5%
Turnover
29.8%
What changed this quarter
New
Bought for the first time this quarter.
- TransDigm GroupTDG1.6% of the fund
- Johnson & JohnsonJNJ1.2% of the fund
- MsciMSCI0.9% of the fund
- WalmartWMT0.9% of the fund
- Palo Alto NetworksPANW0.8% of the fund
- Vulcan MaterialsVMC0.7% of the fund
- Waste ManagementWM0.7% of the fund
- Novo Nordisk A SNVO0.7% of the fund
- Wesco InternationalWCC0.7% of the fund
- Ares ManagementARES0.6% of the fund
- Lumentum HoldingsLITE0.6% of the fund
- Republic ServicesRSG0.6% of the fund
- Hyatt HotelsH0.5% of the fund
- ARM HoldingsARM0.5% of the fund
- AstrazenecaAZN0.5% of the fund
- CrowdStrike HoldingsCRWD0.5% of the fund
- Waste ConnectionsWCN0.4% of the fund
- Agilent TechnologiesA0.4% of the fund
- NextpowerNXT0.4% of the fund
- Elevance HealthELV0.4% of the fund
- Western Alliance BancorporationWAL0.4% of the fund
- FerrariRACE0.4% of the fund
- Kimco RealtyKIM0.4% of the fund
- United RentalsURI0.4% of the fund
- Chipotle Mexican GrillCMG0.3% of the fund
Added
Bought more of a stock they already held.
- AppleAAPL5.0% of the fund+3%
- VisaV2.8% of the fund+130%
- Eli LillyLLY2.6% of the fund+94%
- Vertiv HoldingsVRT1.9% of the fund+374%
- Berkshire HathawayBRK-B1.5% of the fund+11%
- Bank of AmericaBAC1.1% of the fund+149%
- ASML Holding NVASML1.1% of the fund+27%
- Thermo Fisher ScientificTMO1.0% of the fund+274%
- Alamos GoldAGI1.0% of the fund+7%
- UnitedHealth GroupUNH0.9% of the fund+41%
- JPMorgan ChaseJPM0.9% of the fund+127%
- MckessonMCK0.9% of the fund+4828%
- DoorDashDASH0.8% of the fund+193%
- EatonETN0.8% of the fund+9%
- Home DepotHD0.7% of the fund+227%
- Moody'sMCO0.7% of the fund+8%
- Costco WholesaleCOST0.6% of the fund+2548%
- Texas InstrumentsTXN0.6% of the fund+2369%
- Regeneron PharmaceuticalsREGN0.6% of the fund+369%
- AbbVieABBV0.6% of the fund+73%
- Alaska Air GroupALK0.5% of the fund+25%
- Intuitive SurgicalISRG0.5% of the fund+3151%
- S&P GlobalSPGI0.5% of the fund+20%
- Cheniere EnergyLNG0.5% of the fund+25%
- Royal Caribbean CruisesRCL0.4% of the fund+3334%
Cut
Sold some of their stake.
- NvidiaNVDA7.8% of the fund-31%
- Amazon.comAMZN6.9% of the fund-13%
- MicrosoftMSFT6.5% of the fund-16%
- Taiwan Semiconductor ManufacturingTSM4.2% of the fund-14%
- Meta PlatformsMETA3.9% of the fund-23%
- BroadcomAVGO3.1% of the fund-19%
- Micron TechnologyMU3.1% of the fund-68%
- Lam ResearchLRCX1.6% of the fund-39%
- Advanced Micro DevicesAMD1.2% of the fund-62%
- GE VernovaGEV1.2% of the fund-56%
- OracleORCL0.9% of the fund-47%
- AmphenolAPH0.9% of the fund-53%
- International Business MachinesIBM0.8% of the fund-4%
- CorpayCPAY0.5% of the fund-50%
- PrologisPLD0.5% of the fund-7%
- Applied MaterialsAMAT0.5% of the fund-56%
- NetflixNFLX0.4% of the fund-69%
- NewmontNEM0.4% of the fund-50%
- ServiceNowNOW0.3% of the fund-63%
- Agnico Eagle MinesAEM0.3% of the fund-58%
- Marvell TechnologyMRVL0.2% of the fund-70%
- DanaherDHR0.2% of the fund-57%
- Monolithic Power SystemsMPWR0.2% of the fund-63%
- Spotify TechnologySPOT0.2% of the fund-45%
- TKO Group HoldingsTKO<0.1% of the fund-95%
Sold out
Sold their entire stake.
- BPBP-100%
- Uber TechnologiesUBER-100%
- Arthur J. GallagherAJG-100%
- SalesforceCRM-100%
- Boston ScientificBSX-100%
- IntuitINTU-100%
- KLAKLAC-100%
- EQTEQT-100%
- Arista NetworksANET-100%
- MaplebearCART-100%
- NXP SemiconductorsNXPI-100%
- RepligenRGEN-100%
- CRH PublicCRH-100%
- Ross StoresROST-100%
- HCA HealthcareHCA-100%
Holdings
- Alamos GoldAGI
- Share
- 1.0%
- Value
- $24m
- Shares
- 800,000
+7%
- ARM HoldingsARM
- Share
- 0.5%
- Value
- $11m
- Shares
- 31,878
New
- Wheaton Precious MetalsWPM
- Share
- 0.3%
- Value
- $7m
- Shares
- 60,000
New
- Agnico Eagle MinesAEM
- Share
- 0.3%
- Value
- $6m
- Shares
- 40,000
-58%
- Space Exploration TechnologiesSPCX
- Share
- <0.1%
- Value
- $2m
- Shares
- 9,107
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 7.8% | $190m | 949,680 | -31% |
| Amazon.comAMZN | 6.9% | $169m | 707,199 | -13% |
| MicrosoftMSFT | 6.5% | $158m | 422,913 | -16% |
| AlphabetGOOGL | 6.2% | $150m | 419,306 | Held |
| AppleAAPL | 5.0% | $122m | 420,426 | +3% |
| Taiwan Semiconductor ManufacturingTSM | 4.2% | $102m | 214,587 | -14% |
| Meta PlatformsMETA | 3.9% | $95m | 168,824 | -23% |
| BroadcomAVGO | 3.1% | $76m | 201,192 | -19% |
| Micron TechnologyMU | 3.1% | $75m | 64,616 | -68% |
| VisaV | 2.8% | $67m | 195,561 | +130% |
| Eli LillyLLY | 2.6% | $63m | 52,656 | +94% |
| Vertiv HoldingsVRT | 1.9% | $45m | 135,301 | +374% |
| TransDigm GroupTDG | 1.6% | $40m | 30,000 | New |
| Lam ResearchLRCX | 1.6% | $40m | 91,916 | -39% |
| Berkshire HathawayBRK-B | 1.5% | $36m | 71,938 | +11% |
| Advanced Micro DevicesAMD | 1.2% | $30m | 51,671 | -62% |
| GE VernovaGEV | 1.2% | $30m | 25,513 | -56% |
| MastercardMA | 1.2% | $29m | 56,338 | Held |
| Johnson & JohnsonJNJ | 1.2% | $28m | 110,965 | New |
| Bank of AmericaBAC | 1.1% | $28m | 486,879 | +149% |
| ASML Holding NVASML | 1.1% | $26m | 13,278 | +27% |
| Thermo Fisher ScientificTMO | 1.0% | $25m | 49,548 | +274% |
| Alamos GoldAGI | 1.0% | $24m | 800,000 | +7% |
| UnitedHealth GroupUNH | 0.9% | $22m | 53,148 | +41% |
| MsciMSCI | 0.9% | $22m | 38,514 | New |
| OracleORCL | 0.9% | $21m | 146,295 | -47% |
| WalmartWMT | 0.9% | $21m | 187,126 | New |
| JPMorgan ChaseJPM | 0.9% | $21m | 64,643 | +127% |
| MckessonMCK | 0.9% | $21m | 27,992 | +4828% |
| AmphenolAPH | 0.9% | $21m | 118,247 | -53% |
| DoorDashDASH | 0.8% | $20m | 110,557 | +193% |
| International Business MachinesIBM | 0.8% | $20m | 71,994 | -4% |
| Palo Alto NetworksPANW | 0.8% | $20m | 58,795 | New |
| EatonETN | 0.8% | $19m | 43,987 | +9% |
| Home DepotHD | 0.7% | $18m | 50,173 | +227% |
| Vulcan MaterialsVMC | 0.7% | $17m | 58,815 | New |
| Waste ManagementWM | 0.7% | $17m | 77,104 | New |
| Novo Nordisk A SNVO | 0.7% | $17m | 350,000 | New |
| Moody'sMCO | 0.7% | $17m | 36,523 | +8% |
| Wesco InternationalWCC | 0.7% | $16m | 47,363 | New |
| Costco WholesaleCOST | 0.6% | $15m | 16,153 | +2548% |
| Texas InstrumentsTXN | 0.6% | $15m | 48,920 | +2369% |
| Regeneron PharmaceuticalsREGN | 0.6% | $14m | 23,000 | +369% |
| AbbVieABBV | 0.6% | $14m | 55,571 | +73% |
| Ares ManagementARES | 0.6% | $14m | 125,000 | New |
| Lumentum HoldingsLITE | 0.6% | $14m | 16,000 | New |
| Republic ServicesRSG | 0.6% | $14m | 64,317 | New |
| CorpayCPAY | 0.5% | $13m | 40,000 | -50% |
| PrologisPLD | 0.5% | $13m | 97,207 | -7% |
| Alaska Air GroupALK | 0.5% | $13m | 250,000 | +25% |
| Intuitive SurgicalISRG | 0.5% | $13m | 32,154 | +3151% |
| Hyatt HotelsH | 0.5% | $13m | 64,815 | New |
| S&P GlobalSPGI | 0.5% | $12m | 30,000 | +20% |
| Cheniere EnergyLNG | 0.5% | $12m | 50,000 | +25% |
| Applied MaterialsAMAT | 0.5% | $12m | 16,275 | -56% |
| ARM HoldingsARM | 0.5% | $11m | 31,878 | New |
| AstrazenecaAZN | 0.5% | $11m | 58,838 | New |
| CrowdStrike HoldingsCRWD | 0.5% | $11m | 14,333 | New |
| Waste ConnectionsWCN | 0.4% | $11m | 65,389 | New |
| Agilent TechnologiesA | 0.4% | $11m | 81,046 | New |
| Royal Caribbean CruisesRCL | 0.4% | $10m | 32,833 | +3334% |
| NetflixNFLX | 0.4% | $10m | 144,521 | -69% |
| NextpowerNXT | 0.4% | $10m | 85,678 | New |
| Elevance HealthELV | 0.4% | $10m | 25,518 | New |
| Western Alliance BancorporationWAL | 0.4% | $10m | 120,000 | New |
| FerrariRACE | 0.4% | $9m | 25,489 | New |
| NewmontNEM | 0.4% | $9m | 100,000 | -50% |
| TeslaTSLA | 0.4% | $9m | 20,855 | +72% |
| Kimco RealtyKIM | 0.4% | $9m | 342,131 | New |
| United RentalsURI | 0.4% | $9m | 7,599 | New |
| Chipotle Mexican GrillCMG | 0.3% | $7m | 216,253 | New |
| AppLovinAPP | 0.3% | $7m | 14,025 | New |
| CencoraCOR | 0.3% | $7m | 24,114 | New |
| United Airlines HoldingsUAL | 0.3% | $7m | 50,000 | New |
| ServiceNowNOW | 0.3% | $7m | 68,393 | -63% |
| Wheaton Precious MetalsWPM | 0.3% | $7m | 60,000 | New |
| TJX CompaniesTJX | 0.3% | $6m | 42,203 | New |
| Constellation EnergyCEG | 0.3% | $6m | 25,000 | New |
| Agnico Eagle MinesAEM | 0.3% | $6m | 40,000 | -58% |
| Willis Towers WatsonWTW | 0.2% | $6m | 22,691 | New |
| StrykerSYK | 0.2% | $6m | 18,605 | +34% |
| Marvell TechnologyMRVL | 0.2% | $6m | 19,244 | -70% |
| DanaherDHR | 0.2% | $6m | 29,649 | -57% |
| Monolithic Power SystemsMPWR | 0.2% | $5m | 3,922 | -63% |
| IntelINTC | 0.2% | $5m | 36,478 | New |
| Spotify TechnologySPOT | 0.2% | $4m | 9,046 | -45% |
| Space Exploration TechnologiesSPCX | <0.1% | $2m | 9,107 | New |
| Vertex PharmaceuticalsVRTX | <0.1% | $781,356 | 1,573 | +150% |
| TKO Group HoldingsTKO | <0.1% | $299,348 | 1,487 | -95% |
| TeradyneTER | <0.1% | $241,920 | 500 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 34.8% since 30 June 2025.
Where the money is
Technology39.6%
Financial services11.3%
Health care11.0%
Media & telecom11.0%
Retail & consumer10.8%
Industrials10.1%
Materials2.6%
Everyday goods1.5%
Real estate0.9%
Utilities0.7%
Energy0.5%
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.