1y return+37.3%S&P 500 +20.9%
3y return+74.4%S&P 500 +68.5%
5y return+39.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $276 against $232 in the S&P 500.2
Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MUMicron Technology Inc | $199.8M | 10.9% | −32.4% |
| MSFTMicrosoft Corp | $189.0M | 10.4% | +342.7% |
| AMDAdvanced Micro Devices Inc | $121.2M | 6.6% | +468.3% |
| ABVXAbivax Sa | $102.0M | 5.6% | |
| AMZNAmazon Com Inc | $98.8M | 5.4% | +57.6% |
| RVMDRevolution Medicines Inc | $89.7M | 4.9% | |
| SNDKSandisk Corp | $82.9M | 4.5% | New |
| VVisa Inc | $81.4M | 4.5% | New |
| CRWDCrowdstrike Hldgs Inc | $76.8M | 4.2% | −4.5% |
| WDCWestern Digital Corp | $70.6M | 3.9% | +14.0% |
| INTCIntel Corp | $68.2M | 3.7% | +68.7% |
| NVDANvidia Corporation | $59.7M | 3.3% | −12.5% |
| AMATApplied Matls Inc | $58.1M | 3.2% | −5.1% |
| CYTKCytokinetics Inc | $56.3M | 3.1% | |
| ALBAlbemarle Corp | $55.1M | 3.0% | New |
| AVGOBroadcom Inc | $53.4M | 2.9% | +9.8% |
| CEGConstellation Energy Corp | $50.7M | 2.8% | +99.9% |
| GOOGAlphabet Inc | $42.4M | 2.3% | −68.7% |
| HQYHealthequity Inc | $41.3M | 2.3% | New |
| GOOGLAlphabet Inc | $36.1M | 2.0% | +70.7% |
| FCXFreeport Mcmoran Inc | $34.9M | 1.9% | |
| MRVLMarvell Technology Inc | $25.2M | 1.4% | |
| Uniqure NvCUSIP N90064101 | $24.0M | 1.3% | |
| WMWaste Mgmt Inc Del | $20.7M | 1.1% | |
| METAMeta Platforms Inc | $19.1M | 1.0% | +30.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CRWDCrowdstrike Hldgs Inc | March 31, 2023 | +456.0% | $76.8M |
| FCXFreeport Mcmoran Inc | June 30, 2020 | +443.6% | $34.9M |
| WDCWestern Digital Corp | September 30, 2025 | +432.0% | $70.6M |
| AMDAdvanced Micro Devices Inc | June 30, 2023 | +410.0% | $121.2M |
| NVDANvidia Corporation | June 30, 2023 | +373.0% | $59.7M |
| AMATApplied Matls Inc | September 30, 2024 | +257.8% | $58.1M |
| GOOGAlphabet Inc | March 31, 2023 | +239.7% | $42.4M |
| AVGOBroadcom Inc | March 31, 2024 | +185.0% | $53.4M |
| WMTWalmart Inc | September 30, 2022 | +162.0% | $3.3M |
| JPMJpmorgan Chase & Co | March 31, 2022 | +140.1% | $593K |
Sold off last quarter
- PTGXProtagonist Therapeutics Inc was $60.3M
- DOWDow Hldgs Inc was $39.5M
- Lyondellbasell Industries NvCUSIP N53745100 was $39.0M
- Linde PLCCUSIP G54950103 was $33.4M
- VRTVertiv Holdings Co was $26.4M
- MLYSMineralys Therapeutics Inc was $2.8M
- GEGe Aerospace was $2.1M
- BRK/BBerkshire Hathaway Inc Del was $1.9M
- RTXRtx Corporation was $1.7M
- FISVFiserv Inc was $1.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +23.0% | +14.8% |
| March 31, 2026 | −0.6% | −4.6% |
| December 31, 2025 | +3.0% | +2.4% |
| September 30, 2025 | +9.0% | +7.8% |
| June 30, 2025 | +9.7% | +10.5% |
| March 31, 2025 | −6.3% | −4.6% |
| December 31, 2024 | −3.4% | +2.1% |
| September 30, 2024 | +1.0% | +5.4% |
| June 30, 2024 | +2.7% | +4.0% |
| March 31, 2024 | +9.5% | +10.0% |
| December 31, 2023 | +12.3% | +11.2% |
| September 30, 2023 | +0.3% | −3.6% |
| June 30, 2023 | +5.7% | +8.3% |
| March 31, 2023 | −0.0% | +7.0% |
| December 31, 2022 | +12.2% | +7.1% |
| September 30, 2022 | −2.6% | −5.3% |
| June 30, 2022 | −23.4% | −16.5% |
| March 31, 2022 | −5.9% | −4.9% |
| December 31, 2021 | +3.1% | +10.7% |
| September 30, 2021 | −6.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2011081&type=13F-HR&dateb=&owner=include&count=40CIK 2011081
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2011081/000201108126000007/Filed August 7, 2026 · accession 0002011081-26-000007