General Pension Society PZU Joint Stock Co
SEC Form 13F institutional filer · CIK 0002057421
13F-HR · 15 reported holdings · 2026-03-31
Reported long-US-equity value
$0.65B
Top-10 concentration
87.2%
General Pension Society PZU Joint Stock Co — $654M AUM allocation strategy
General Pension Society PZU Joint Stock Co files SEC Form 13F and reports $654M of long US equity value across 15 reported holdings for 2026-03-31.
Its largest sector bet is Materials 25.1%, followed by Information Technology 20.0% and Utilities 17.5%.
The top 10 holdings account for 87% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
General Pension Society PZU Joint Stock Co — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$654M
total across 15 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
87% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$FCX +608K sh · +$53.2M+$AMZN +155K sh · +$28.7M+$NVDA +150K sh · +$25.9M
Biggest trims (shares)
−$INTC −131K sh · +$3.83M−$FDX −38.3K sh · −$5.97M−$SO −10.7K sh · +$9.3M
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Copper25.1%—
- Electric Utilities17.5%—
- Semiconductors12.6%—
- Interactive Media & Services11.1%—
- Broadline Retail10.0%—
- Aerospace & Defense8.0%—
- Systems Software6.6%—
- Air Freight & Logistics4.1%—
- Other holdings5.0%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $FCX | Freeport-McMoRan Inc | 2.8M | $164M | +608K | 25.1% |
| $AMZN | Amazon.com Inc | 315K | $65.7M | +155K | 10.0% |
| $SO | Southern Company | 379K | $65.2M | -10.7K | 10.0% |
| $INTC | Intel Corporation | 1.2M | $52.9M | -131K | 8.1% |
| $VST | Vistra Corp | 328K | $49.3M | — | 7.5% |
| $MSFT | Microsoft Corporation | 117K | $43.3M | +42.9K | 6.6% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 126K | $36.3M | -40 | 5.5% |
| $GOOGL | Alphabet Inc | 126K | $36.2M | +40 | 5.5% |
| $NVDA | NVIDIA Corporation | 170K | $29.6M | +150K | 4.5% |
| $RTX | RTX Corporation | 142K | $27.4M | +0 | 4.2% |
…and 5 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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