CIK: 0002094371
Total reported value
$327.5M
Reporting period: 2026-03-31 · Number of holdings: 26
SAVA PENZISKO DRUSHTVO A.D. SKOPJE disclosed 26 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $327.5M and a quarterly turnover rate of 13.7%.
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Sava Penzisko Drushtvo A.d. Skopje's disclosed holdings carry a Herfindahl concentration index of 0.056 — mathematically equivalent to about 18 equally-sized positions, close to its 26 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.69), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 23% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add IJH
+20.2% $5.8M
Trim FNCL
0.0% -$2.6M
Trim URTH
0.0% -$1.2M
Trim IXN
0.0% -$1.5M
Add GDX
+18.7% $3.5M
Add MSFT
+70.8% $2.5M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | URTH | Ishares Msci World ETF | ETF-Other | 11.13% | -1.02% | — | |
| 2 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 9.45% | +1.32% | +20.15% | |
| 3 | IXN | Ishares Global Tech ETF | ETF-Tech | 9.05% | -1.00% | — | |
| 4 | FNCL | Fidelity Msci Financial Indx | ETF-Other | 7.33% | -1.25% | — | |
| 5 | VPL | Vanguard Ftse Pacific ETF | ETF-Other | 5.26% | +0.11% | — | |
| 6 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 4.99% | +0.83% | +18.74% | |
| 7 | XLV | Ss Health Care Select Sector | ETF-Other | 4.63% | -0.15% | +8.31% | |
| 8 | CIBR | First Trust Nasdaq Cybersecu | ETF-Tech | 4.40% | -0.10% | +17.95% | |
| 9 | SOXX | Ishares Semiconductor ETF | ETF-Other | 4.22% | +0.14% | +0.14% | |
| 10 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.50% | +0.24% | +25.89% | |
| 11 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 3.45% | +0.58% | +35.02% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 3.22% | +0.62% | +70.78% | |
| 13 | IHI | Ishares U.s. Medical Devices | ETF-Other | 2.97% | +0.06% | +25.58% | |
| 14 | KOMP | Ss Spdr S&p Kensho Ne Comp | ETF-Other | 2.96% | -0.24% | — | |
| 15 | ICLN | Ishares Global Clean Energy | ETF-Other | 2.82% | +0.14% | — | |
| 16 | NVDA | Nvidia CORP | Stock-Tech | 2.75% | -0.03% | +11.74% | |
| 17 | IPAY | Amplify Digital Payments ETF | ETF-Other | 2.59% | +0.01% | +29.18% | |
| 18 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.22% | -0.34% | — | |
| 19 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.22% | -0.34% | — | |
| 20 | HON | Honeywell International INC | Stock-Industrials | 2.21% | +0.19% | — | |
| 21 | AAPL | Apple INC | Stock-Tech | 2.00% | -0.27% | — | |
| 22 | LNG | Cheniere Energy INC | Stock-Energy | 1.64% | +1.64% | NEW | |
| 23 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 1.54% | +0.02% | — | |
| 24 | PYPL | Paypal Holdings INC | Stock-Financials | 1.54% | -0.10% | +28.27% | |
| 25 | EL | Estee Lauder Companies-cl A | Stock-Consumer Staples | 1.37% | +0.23% | +85.12% | |
| 26 | COPX | Global X Copper Miners ETF | ETF-Other | 0.54% | +0.54% | NEW |
Performance for Q3 2026
+6.8%
Performance Last 4 Quarters
+17.2%
Based on 71% of reported portfolio value with available pricing
Sava Penzisko Drushtvo A.d. Skopje's most significant position changes for 2026-03-31: Sold out: Ishares Cybersecurity & Tech (IHAK); New buy: Cheniere Energy INC (LNG); New buy: Global X Copper Miners ETF (COPX); Add: Ishares Core S&p Midcap ETF (IJH) — shares +20.15%; Add: Vaneck Gold Miners ETF (GDX) — shares +18.74%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IJH | Ishares Core S&p Midcap ETF | +1.3% | +20.15% | Add |
| 2 | GDX | Vaneck Gold Miners ETF | +0.8% | +18.74% | Add |
| 3 | MSFT | Microsoft CORP | +0.6% | +70.78% | Add |
| 4 | XLC | Ss Comm Select Sector Spdr | +0.6% | +35.02% | Add |
| 5 | AMZN | Amazon.com INC | +0.2% | +25.89% | Add |
| 6 | EL | Estee Lauder Companies-cl A | +0.2% | +85.12% | Add |
| 7 | HON | Honeywell International INC | +0.2% | — | Unchanged |
| 8 | SOXX | Ishares Semiconductor ETF | +0.1% | +0.14% | Add |
| 9 | ICLN | Ishares Global Clean Energy | +0.1% | — | Unchanged |
| 10 | VPL | Vanguard Ftse Pacific ETF | +0.1% | — | Unchanged |
| 11 | IHI | Ishares U.s. Medical Devices | +0.1% | +25.58% | Add |
| 12 | XLU | St Sr Utl Sl Se Spdr Etf-usd | 0% | — | Unchanged |
| 13 | IPAY | Amplify Digital Payments ETF | 0% | +29.18% | Add |
| 14 | NVDA | Nvidia CORP | 0% | +11.74% | Add |
| 15 | CIBR | First Trust Nasdaq Cybersecu | -0.1% | +17.95% | Add |
| 16 | PYPL | Paypal Holdings INC | -0.1% | +28.27% | Add |
| 17 | XLV | Ss Health Care Select Sector | -0.2% | +8.31% | Add |
| 18 | KOMP | Ss Spdr S&p Kensho Ne Comp | -0.2% | — | Unchanged |
| 19 | AAPL | Apple INC | -0.3% | — | Unchanged |
| 20 | GOOG | Alphabet Inc-cl C | -0.3% | — | Unchanged |
| 21 | GOOGL | Alphabet Inc-cl A | -0.3% | — | Unchanged |
| 22 | IXN | Ishares Global Tech ETF | -1% | — | Unchanged |
| 23 | URTH | Ishares Msci World ETF | -1% | — | Unchanged |
| 24 | FNCL | Fidelity Msci Financial Indx | -1.3% | — | Unchanged |
| 25 | IHAK | Ishares Cybersecurity & Tech | — | EXIT | Sold out |
| 26 | LNG | Cheniere Energy INC | — | NEW | New buy |
| 27 | COPX | Global X Copper Miners ETF | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-11 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
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