GA
Generali Asset Management SPA SGR SEC 13F Holdings (Q2 2026) — Top Position: NVIDIA CORP
Generali Asset Management SPA SGRCIK: 0002046751
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$5.5B
Reporting period: 2026-06-30 · Number of holdings: 526
Generali Asset Management SPA SGR disclosed 526 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $5.5B and a quarterly turnover rate of 25.3%.
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Personality snowflake
- Concentration
- 6.4
- Portfolio Stability
- 25.34
- Momentum
- 100
- Sector conviction
- 54.67
- Diversification
- 100
- Sizing Uniformity
- 72.73
Generali Asset Management SPA SGR's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 62 equally-sized positions, well below its 526 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 2.73), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMD
+1.0% $53.2M
Trim AZN
-15.7% -$26.8M
Add MU
+6.0% $48.9M
New buy EWJ
Trim TTE
-6.2% -$23.1M
Add INTC
+6.0% $34.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 526 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.51% | +0.01% | +0.69% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 4.12% | -0.58% | +0.37% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.26% | +0.28% | +1.45% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 2.99% | -0.10% | -2.07% | |
| 5 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.72% | +0.15% | -0.91% | |
| 6 | ARCC | Ares Capital CORP | Stock-Financials | 2.53% | -0.31% | — | |
| 7 | MDY | State Street Spdr S&p Midcap | ETF-Other | 2.10% | +0.05% | +3.65% | |
| 8 | AZN | AstraZeneca PLC | Stock-Healthcare | 2.05% | -0.88% | -15.69% | |
| 9 | UBS | UBS Group AG | Stock-Financials | 1.80% | +0.10% | -6.12% | |
| 10 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.79% | -0.02% | +0.86% | |
| 11 | AVGO | Broadcom Inc | Stock-Tech | 1.71% | +0.09% | -0.53% | |
| 12 | TTE | TotalEnergies SE | Stock-Other | 1.56% | -0.72% | -6.16% | |
| 13 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.48% | -0.04% | -1.69% | |
| 14 | AMD | Advanced Micro Devices | Stock-Tech | 1.47% | +0.88% | +0.97% | |
| 15 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.38% | +0.18% | +1.79% | |
| 16 | MU | Micron Technology Inc | Stock-Tech | 1.22% | +0.83% | +5.97% | |
| 17 | BXSL | Blackstone Secured Lending F | Stock-Financials | 1.12% | -0.13% | +3.30% | |
| 18 | NEM | Newmont CORP | Stock-Materials | 1.11% | -0.06% | +27.14% | |
| 19 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 1.00% | -0.21% | +19.04% | |
| 20 | AMAT | Applied Materials Inc | Stock-Tech | 0.98% | +0.47% | +4.66% | |
| 21 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.97% | +0.03% | +6.34% | |
| 22 | CAT | Caterpillar Inc | Stock-Industrials | 0.96% | +0.28% | +8.42% | |
| 23 | V | Visa Inc-class A Shares | Stock-Financials | 0.91% | -0.01% | +1.32% | |
| 24 | LRCX | Lam Research CORP | Stock-Tech | 0.91% | +0.42% | +5.87% | |
| 25 | INTC | Intel CORP | Stock-Tech | 0.88% | +0.58% | +5.97% | |
| 26 | OBDC | Blue Owl Capital CORP | Stock-Financials | 0.86% | -0.15% | -0.59% | |
| 27 | MA | Mastercard Inc - A | Stock-Financials | 0.77% | -0.05% | +4.81% | |
| 28 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.73% | +0.18% | +73.66% | |
| 29 | STX | Seagate Technology Holdings plc | Stock-Tech | 0.73% | +0.57% | +113.46% | |
| 30 | EWJ | Ishares Msci Japan ETF | ETF-Other | 0.72% | +0.72% | NEW | |
| 31 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.71% | — | +6.86% | |
| 32 | RACE | Ferrari N.V. | Stock-Consumer Disc | 0.70% | +0.13% | +25.19% | |
| 33 | GE | General Electric | Stock-Industrials | 0.65% | +0.07% | -1.76% | |
| 34 | GBDC | Golub Capital Bdc Inc | Stock-Financials | 0.61% | -0.08% | — | |
| 35 | TD | Toronto-dominion Bank | Stock-Financials | 0.60% | +0.12% | +9.19% | |
| 36 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.60% | +0.11% | — | |
| 37 | GSBD | Goldman Sachs Bdc Inc | Stock-Other | 0.56% | -0.05% | — | |
| 38 | LIN | Linde plc | Stock-Materials | 0.56% | +0.09% | +30.74% | |
| 39 | MS | Morgan Stanley | Stock-Financials | 0.55% | +0.10% | +11.37% | |
| 40 | MRVL | Marvell Technology Inc | Stock-Tech | 0.55% | +0.43% | +74.39% | |
| 41 | HD | Home Depot Inc | Stock-Consumer Disc | 0.55% | -0.04% | -0.81% | |
| 42 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 0.54% | -0.15% | -4.69% | |
| 43 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.53% | -0.16% | -9.58% | |
| 44 | BIZD | Vaneck Bdc Income ETF | ETF-Other | 0.50% | -0.09% | — | |
| 45 | MSDL | Morgan Stanley Direct Lendin | Stock-Other | 0.50% | -0.03% | — | |
| 46 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.49% | +0.02% | +0.75% | |
| 47 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.49% | -0.10% | -6.41% | |
| 48 | BMO | Bank Of Montreal | Stock-Financials | 0.49% | +0.11% | +11.72% | |
| 49 | FSK | Fs Kkr Capital CORP | Stock-Financials | 0.48% | -0.06% | -0.67% | |
| 50 | BAC | Bank Of America CORP | Stock-Financials | 0.46% | — | -1.04% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+18.6%
- Stdev
- +13%
- Beta
- +0.96
- Alpha
- +0.8%
- Max Drawdown
- -6.4%
- Annualized Perf
- +19.9%
- Batting Avg vs S&P
- +50%
- Sortino
- +3.07
- Stutzer
- +0.44
- Treynor
- +0.2
- Sterling
- +1.21
- Calmar
- +3.1
- Information Ratio
- -0.01
- Tracking Error
- +2.3%
- Stdev Down
- +6.2%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +29.9%
- Worst 12 Months
- +16.3%
- Efficiency Ratio
- +0.57
- Sharpe
- +1.47
- Stdev Sectors
- +9.1%
- Skewness
- +0.08
- Kurtosis
- +0.11
- Upside Potential
- +4.49
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Generali Asset Management SPA SGR's most significant position changes for 2026-06-30: New buy: Ishares Msci Japan ETF (EWJ); Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Sold out: Hologic Inc (HO1).
Showing top 200 changes by size (of 544 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +0.9% | +0.97% | Add |
| 2 | MU | Micron Technology Inc | +0.8% | +5.97% | Add |
| 3 | EWJ | Ishares Msci Japan ETF | +0.7% | NEW | New buy |
| 4 | INTC | Intel CORP | +0.6% | +5.97% | Add |
| 5 | STX | Seagate Technology Holdings plc | +0.6% | +113.46% | Add |
| 6 | AMAT | Applied Materials Inc | +0.5% | +4.66% | Add |
| 7 | MRVL | Marvell Technology Inc | +0.4% | +74.39% | Add |
| 8 | LRCX | Lam Research CORP | +0.4% | +5.87% | Add |
| 9 | WDC | Western Digital CORP | +0.3% | +220.99% | Add |
| 10 | GOOGL | Alphabet Inc-cl A | +0.3% | +1.45% | Add |
| 11 | CAT | Caterpillar Inc | +0.3% | +8.42% | Add |
| 12 | HUM | Humana Inc | +0.2% | +391.86% | Add |
| 13 | LLY | Eli Lilly & Co | +0.2% | +1.79% | Add |
| 14 | WPM | Wheaton Precious Metals CORP | +0.2% | +73.66% | Add |
| 15 | ELV | Elevance Health Inc | +0.2% | +129.00% | Add |
| 16 | PANW | Palo Alto Networks Inc | +0.2% | +5.23% | Add |
| 17 | GOOG | Alphabet Inc-cl C | +0.2% | -0.91% | Trim |
| 18 | ALC | Alcon Inc. | +0.1% | +78.98% | Add |
| 19 | RACE | Ferrari N.V. | +0.1% | +25.19% | Add |
| 20 | KLAC | Kla CORP | +0.1% | +819.59% | Add |
| 21 | TXN | Texas Instruments Inc | +0.1% | +21.40% | Add |
| 22 | TD | Toronto-dominion Bank | +0.1% | +9.19% | Add |
| 23 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | — | Unchanged |
| 24 | BMO | Bank Of Montreal | +0.1% | +11.72% | Add |
| 25 | GEV | GE Vernova Inc | +0.1% | +26.24% | Add |
| 26 | UBS | UBS Group AG | +0.1% | -6.12% | Trim |
| 27 | MS | Morgan Stanley | +0.1% | +11.37% | Add |
| 28 | BNS | Bank Of Nova Scotia | +0.1% | +17.68% | Add |
| 29 | CSCO | Cisco Systems Inc | +0.1% | +6.15% | Add |
| 30 | HWM | Howmet Aerospace Inc | +0.1% | +41.23% | Add |
| 31 | AVGO | Broadcom Inc | +0.1% | -0.53% | Trim |
| 32 | LIN | Linde plc | +0.1% | +30.74% | Add |
| 33 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +21.68% | Add |
| 34 | C | Citigroup Inc | +0.1% | +14.95% | Add |
| 35 | GE | General Electric | +0.1% | -1.76% | Trim |
| 36 | COIN | Coinbase Global Inc -class A | +0.1% | +72.42% | Add |
| 37 | ✓ | +0.1% | NEW | New buy | |
| 38 | ✓ | +0.1% | NEW | New buy | |
| 39 | MDY | State Street Spdr S&p Midcap | +0.1% | +3.65% | Add |
| 40 | ETN | Eaton Corporation plc | +0.1% | +17.41% | Add |
| 41 | TT | Trane Technologies plc | +0.1% | +16.07% | Add |
| 42 | CDNS | Cadence Design Sys Inc | +0.1% | +16.64% | Add |
| 43 | EBAY | Ebay Inc | +0.1% | +39.26% | Add |
| 44 | DDOG | Datadog Inc - Class A | +0.1% | +58.68% | Add |
| 45 | CVS | Cvs Health CORP | +0.1% | +47.96% | Add |
| 46 | MPC | Marathon Petroleum CORP | 0% | +35.19% | Add |
| 47 | SNOW | Snowflake Inc | 0% | +45.36% | Add |
| 48 | JPM | Jpmorgan Chase & Co | 0% | +6.34% | Add |
| 49 | APP | Applovin Corp-class A | 0% | +6.02% | Add |
| 50 | HLT | Hilton Worldwide Holdings In | 0% | +21.70% | Add |
1–50 of 200
Filing History
FAQ
What is Generali Asset Management SPA SGR and what type of investor is it?
Generali Asset Management SPA SGR 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 $5.5B, spread across 526 disclosed positions.
What are Generali Asset Management SPA SGR's largest equity positions?
Based on the latest 13F filing, Generali Asset Management SPA SGR's top holdings by market value are:
1. Nvidia CORP (NVDA) — $415.3M (7.5%)
2. Microsoft CORP (MSFT) — $227.7M (4.1%)
3. Alphabet Inc-cl A (GOOGL) — $180.1M (3.3%)
4. Apple Inc (AAPL) — $165.4M (3.0%)
5. Alphabet Inc-cl C (GOOG) — $150.7M (2.7%)
What changes did Generali Asset Management SPA SGR make in its most recent portfolio filing?
In the latest reported quarter, Generali Asset Management SPA SGR made 195 notable position adjustments: 4 new positions were initiated, 100 existing holdings were added to, 81 positions were partially reduced, and 10 were completely exited. The largest of these moves: New buy: Ishares Msci Japan ETF (EWJ); Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Sold out: Hologic Inc (HO1)
What sectors does Generali Asset Management SPA SGR focus on?
Generali Asset Management SPA SGR is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 33.0%
• Financials: 19.5%
• Health Care: 10.0%
• Communication Services: 9.3%
• Consumer Discretionary: 8.6%
• Industrials: 7.2%
Investment Profile
Generali Asset Management SPA SGR returned an annualized 19.9% over the trailing 18 months — outperforming the S&P 500 by 0.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.96 (roughly in line with the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 33.0% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 25 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$54.1M, now $67.5M), while trimming STLA over the same stretch (-$21.2M, still holding $23.0M).
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