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Erste Towarzystwo Funduszy Inwestycyjnych S.a. 13F Holdings (Q2 2026) — Stock Portfolio & Buys
Erste Towarzystwo Funduszy Inwestycyjnych S.a.CIK: 0002156072
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$399.5M
Reporting period: 2026-06-30 · Number of holdings: 33
ERSTE TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH S.A. disclosed 33 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $399.5M and a quarterly turnover rate of 44.2%.
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Personality snowflake
- Concentration
- 33.83
- Portfolio Stability
- 44.22
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 66
- Sizing Uniformity
- 86.41
Erste Towarzystwo Funduszy Inwestycyjnych S.a.'s disclosed holdings carry a Herfindahl concentration index of 0.085 — mathematically equivalent to about 12 equally-sized positions, well below its 33 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.36), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim MSFT
+0.8% $1.6M
Add AMZN
+139.7% $26.6M
Add BABA
+426.3% $12.4M
Trim META
-1.4% -$758.2K
Add TSM
+296.7% $9.7M
Add AVGO
+37.9% $18.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 16.81% | -5.49% | +0.75% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 11.76% | -1.56% | +4.53% | |
| 3 | AVGO | Broadcom Inc | Stock-Tech | 11.26% | +2.17% | +37.90% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 10.50% | +5.30% | +139.73% | |
| 5 | AMD | Advanced Micro Devices | Stock-Tech | 7.15% | +0.98% | -44.83% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 6.40% | -2.55% | -1.36% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 5.95% | -1.63% | -13.32% | |
| 8 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 4.13% | +2.74% | +426.28% | |
| 9 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 2.95% | +2.24% | +296.75% | |
| 10 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 2.30% | +1.14% | +174.91% | |
| 11 | NFLX | Netflix Inc | Stock-Comm Services | 2.19% | +0.59% | +150.75% | |
| 12 | NOW | Servicenow Inc | Stock-Tech | 2.16% | +2.16% | NEW | |
| 13 | AAPL | Apple Inc | Stock-Tech | 2.05% | -1.50% | -31.27% | |
| 14 | V | Visa Inc-class A Shares | Stock-Financials | 1.89% | +0.13% | +28.48% | |
| 15 | MRVL | Marvell Technology Inc | Stock-Tech | 1.87% | +0.16% | -50.70% | |
| 16 | INTC | Intel CORP | Stock-Tech | 1.13% | +0.47% | -26.22% | |
| 17 | ADBE | Adobe Inc | Stock-Tech | 1.11% | -0.69% | — | |
| 18 | ORCL | Oracle CORP | Stock-Tech | 1.07% | +0.48% | +149.88% | |
| 19 | CRM | Salesforce Inc | Stock-Tech | 1.07% | -0.66% | — | |
| 20 | QCOM | Qualcomm Inc | Stock-Tech | 1.01% | +0.05% | — | |
| 21 | CRWV | Coreweave Inc-cl A | Stock-Tech | 0.88% | +0.88% | NEW | |
| 22 | ANET | Arista Networks Inc | Stock-Tech | 0.74% | +0.74% | NEW | |
| 23 | MU | Micron Technology Inc | Stock-Tech | 0.64% | +0.06% | -56.65% | |
| 24 | ALB | Albemarle CORP | Stock-Materials | 0.59% | +0.59% | NEW | |
| 25 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.55% | -0.49% | -66.13% | |
| 26 | MDB | Mongodb Inc | Stock-Tech | 0.47% | -0.34% | -42.41% | |
| 27 | LITE | Lumentum Holdings Inc | Stock-Tech | 0.40% | +0.40% | NEW | |
| 28 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.28% | -0.12% | — | |
| 29 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.25% | -0.01% | — | |
| 30 | INTU | Intuit Inc | Stock-Tech | 0.24% | -0.30% | — | |
| 31 | B | Barrick Mining CORP | Stock-Materials | 0.15% | -0.18% | -32.51% | |
| 32 | ENPH | Enphase Energy Inc | Stock-Tech | 0.05% | -0.57% | -91.08% | |
| 33 | CERS | Cerus CORP | Stock-Other | 0.01% | — | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q4 2026
+5.4%
Performance Last 4 Quarters
-0.6%
Based on 5 months of available history
- Stdev
- +14.4%
- Beta
- +2.18
- Alpha
- -12.5%
- Max Drawdown
- 0%
- Annualized Perf
- -1.5%
- Batting Avg vs S&P
- +60%
- Sortino
- -0.06
- Stutzer
- —
- Treynor
- 0
- Sterling
- —
- Calmar
- —
- Information Ratio
- -0.54
- Tracking Error
- +11.2%
- Stdev Down
- +10.9%
- Winning Months %
- +80%
- Losing Months %
- +20%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.04
- Sharpe
- -0.04
- Stdev Sectors
- +22.9%
- Skewness
- -1.03
- Kurtosis
- -0.2
- Upside Potential
- +1.49
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Erste Towarzystwo Funduszy Inwestycyjnych S.a.'s most significant position changes for 2026-06-30: New buy: Servicenow Inc (NOW); Sold out: Alphabet Inc-cl A (GOOGL); Sold out: Hudbay Minerals Inc (HBM); Sold out: Walt Disney Co/the (DIS); New buy: Coreweave Inc-cl A (CRWV).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | +5.3% | +139.73% | Add |
| 2 | BABA | Alibaba Group Holding-sp Adr | +2.7% | +426.28% | Add |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +2.2% | +296.75% | Add |
| 4 | AVGO | Broadcom Inc | +2.2% | +37.90% | Add |
| 5 | NOW | Servicenow Inc | +2.2% | NEW | New buy |
| 6 | MELI | Mercadolibre Inc | +1.1% | +174.91% | Add |
| 7 | AMD | Advanced Micro Devices | +1% | -44.83% | Trim |
| 8 | CRWV | Coreweave Inc-cl A | +0.9% | NEW | New buy |
| 9 | ANET | Arista Networks Inc | +0.7% | NEW | New buy |
| 10 | NFLX | Netflix Inc | +0.6% | +150.75% | Add |
| 11 | ALB | Albemarle CORP | +0.6% | NEW | New buy |
| 12 | ORCL | Oracle CORP | +0.5% | +149.88% | Add |
| 13 | INTC | Intel CORP | +0.5% | -26.22% | Trim |
| 14 | LITE | Lumentum Holdings Inc | +0.4% | NEW | New buy |
| 15 | MRVL | Marvell Technology Inc | +0.2% | -50.70% | Trim |
| 16 | V | Visa Inc-class A Shares | +0.1% | +28.48% | Add |
| 17 | MU | Micron Technology Inc | +0.1% | -56.65% | Trim |
| 18 | QCOM | Qualcomm Inc | +0.1% | — | Unchanged |
| 19 | CERS | Cerus CORP | — | — | Unchanged |
| 20 | LLY | Eli Lilly & Co | 0% | — | Unchanged |
| 21 | SHOP | Shopify Inc - Class A | -0.1% | — | Unchanged |
| 22 | B | Barrick Mining CORP | -0.2% | -32.51% | Trim |
| 23 | INTU | Intuit Inc | -0.3% | — | Unchanged |
| 24 | MDB | Mongodb Inc | -0.3% | -42.41% | Trim |
| 25 | PANW | Palo Alto Networks Inc | -0.5% | -66.13% | Trim |
| 26 | ENPH | Enphase Energy Inc | -0.6% | -91.08% | Trim |
| 27 | TXN | Texas Instruments Inc | -0.6% | EXIT | Sold out |
| 28 | CRM | Salesforce Inc | -0.7% | — | Unchanged |
| 29 | RKLB | Rocket Lab CORP | -0.7% | EXIT | Sold out |
| 30 | ADBE | Adobe Inc | -0.7% | — | Unchanged |
| 31 | HBM | Hudbay Minerals Inc | -1.2% | EXIT | Sold out |
| 32 | DIS | Walt Disney Co/the | -1.2% | EXIT | Sold out |
| 33 | GOOGL | Alphabet Inc-cl A | -1.5% | EXIT | Sold out |
| 34 | AAPL | Apple Inc | -1.5% | -31.27% | Trim |
| 35 | NVDA | Nvidia CORP | -1.6% | +4.53% | Add |
| 36 | GOOG | Alphabet Inc-cl C | -1.6% | -13.32% | Trim |
| 37 | META | Meta Platforms Inc-class A | -2.6% | -1.36% | Trim |
| 38 | MSFT | Microsoft CORP | -5.5% | +0.75% | Add |
Filing History
FAQ
What is Erste Towarzystwo Funduszy Inwestycyjnych S.a. and what type of investor is it?
Erste Towarzystwo Funduszy Inwestycyjnych S.a. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $399.5M, spread across 33 disclosed positions.
What are Erste Towarzystwo Funduszy Inwestycyjnych S.a.'s largest equity positions?
Based on the latest 13F filing, Erste Towarzystwo Funduszy Inwestycyjnych S.a.'s top holdings by market value are:
1. Microsoft CORP (MSFT) — $67.1M (16.8%)
2. Nvidia CORP (NVDA) — $47.0M (11.8%)
3. Broadcom Inc (AVGO) — $45.0M (11.3%)
4. Amazon.com Inc (AMZN) — $41.9M (10.5%)
5. Advanced Micro Devices (AMD) — $28.6M (7.2%)
What changes did Erste Towarzystwo Funduszy Inwestycyjnych S.a. make in its most recent portfolio filing?
In the latest reported quarter, Erste Towarzystwo Funduszy Inwestycyjnych S.a. made 31 notable position adjustments: 5 new positions were initiated, 10 existing holdings were added to, 11 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Servicenow Inc (NOW); Sold out: Alphabet Inc-cl A (GOOGL); Sold out: Hudbay Minerals Inc (HBM); Sold out: Walt Disney Co/the (DIS); New buy: Coreweave Inc-cl A (CRWV)
What sectors does Erste Towarzystwo Funduszy Inwestycyjnych S.a. focus on?
Erste Towarzystwo Funduszy Inwestycyjnych S.a. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 65.7%
• Consumer Discretionary: 16.9%
• Communication Services: 14.6%
• Financials: 1.9%
• Materials: 0.7%
• Health Care: 0.3%
Investment Profile
Erste Towarzystwo Funduszy Inwestycyjnych S.a. returned an annualized -1.5% over the trailing 5 months — underperforming the S&P 500 by 12.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 2.18 (more volatile than the market) and a 60% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 65.7% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 44 over the past 1 quarters — a shift toward more active trading.
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