Generali Asset Management SPA SGR

TRIESTE, L6 · CIK 2046751 · 13F filing filed 2025-07-28

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityGenerali Asset Management SpA SGR (IT)
Part of ASSICURAZIONI GENERALI SOCIETA' PER AZIONI (IT)

Other 13F filers in this group: CONNING INC. $3.3bn, Generali Investments CEE, investicni spolecnost, a.s. $2.1bn, Aperture Investors, LLC $941.6m, Goodwin Capital Advisers, Inc. files a notice, MGG Investment Group LP last filed Q3 2024, Aperture Investors UK, Ltd last filed Q3 2022

$4.4bn reported value +8.1% vs Q1 2025

498positions

29.9%in top 10

33 new 198 added 225 reduced 29 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	2,088,317	$329.9m7.52%	7.52%	Reduced -119.3k	-119,280 -5.4%
2	MICROSOFT CORP COM MSFT	MSFT	595,117	$296.0m6.75%	6.75%	Reduced -39.1k	-39,078 -6.2%
3	APPLE INC COM AAPL	AAPL	621,455	$127.5m2.91%	2.91%	Reduced -66.3k	-66,333 -9.6%
4	ARES CAPITAL CORP COM ARCC	ARCC	5,052,119	$110.9m2.53%	2.53%	Reduced -867.7k	-867,692 -14.7%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	493,173	$86.9m1.98%	1.98%	Reduced -70.9k	-70,930 -12.6%
6	AMAZON COM INC COM AMZN	AMZN	363,368	$79.7m1.82%	1.82%	Reduced -8.5k	-8,506 -2.3%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	411,376	$73.0m1.66%	1.66%	Reduced -18.6k	-18,607 -4.3%
8	TESLA INC COM TSLA	TSLA	229,660	$73.0m1.66%	1.66%	Added +1.6k	+1,611 0.7%
9	BROADCOM INC COM AVGO	AVGO	260,002	$71.7m1.63%	1.63%	Reduced -11.7k	-11,707 -4.3%
10	BLUE OWL CAPITAL CORPORATION COM OBDC	OBDC	4,377,807	$62.8m1.43%	1.43%	Added +90.9k	+90,878 2.1%
11	BLACKSTONE SECD LENDING FD COMMON STOCK BXSL	BXSL	2,011,704	$61.9m1.41%	1.41%	Added +39.3k	+39,300 2.0%
12	META PLATFORMS INC CL A META	META	81,691	$60.3m1.37%	1.37%	Reduced -5.9k	-5,918 -6.8%
13	AGNICO EAGLE MINES LTD COM AEM	AEM	442,721	$59.5m1.36%	1.36%	Reduced -182.4k	-182,433 -29.2%
14	ELI LILLY & CO COM LLY	LLY	67,722	$52.8m1.20%	1.20%	Reduced -2.9k	-2,947 -4.2%
15	UBS GROUP AG SHS UBS	UBS	1,957,087	$52.5m1.20%	1.20%	Added +396.7k	+396,741 25.4%
16	JPMORGAN CHASE & CO COM JPM	JPM	179,815	$52.1m1.19%	1.19%	Reduced -40.3k	-40,331 -18.3%
17	FS KKR CAP CORP COM FSK	FSK	2,485,265	$51.6m1.18%	1.18%	Added +442.4k	+442,374 21.6%
18	VISA INC COM CL A V	V	141,885	$50.4m1.15%	1.15%	Added +1.2k	+1,197 0.8%
19	NEWMONT CORP COM NEM	NEM	803,639	$46.8m1.07%	1.07%	Reduced -243.8k	-243,754 -23.3%
20	WHEATON PRECIOUS METALS CORP COM WPM	WPM	451,019	$44.3m1.01%	1.01%	Reduced -189.6k	-189,556 -29.6%
21	MASTERCARD INCORPORATED CL A MA	MA	78,213	$44.0m1.00%	1.00%	Added +2.9k	+2,926 3.9%
22	STELLANTIS N.V SHS STLA	STLA	4,640,832	$39.5m0.90%	0.90%	Added +209.6k	+209,595 4.7%
23	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	51,969	$39.0m0.89%	0.89%	Added +21.8k	+21,827 72.4%
24	GOLDMAN SACHS BDC INC SHS GSBD	GSBD	3,294,022	$37.1m0.84%	0.84%	Added +1.1m	+1,131,403 52.3%
25	GOLUB CAP BDC INC COM GBDC	GBDC	2,512,705	$36.8m0.84%	0.84%	Added +712.7k	+712,705 39.6%
26	MORGAN STANLEY DIRECT LENDIN COM SHS MSDL	MSDL	1,761,950	$33.0m0.75%	0.75%	Added +880.4k	+880,372 99.9%
27	HOME DEPOT INC COM HD	HD	86,280	$31.6m0.72%	0.72%	Reduced -23.6k	-23,573 -21.5%
28	PROCTER AND GAMBLE CO COM PG	PG	191,380	$30.5m0.70%	0.70%	Added +5.1k	+5,125 2.8%
29	MICROSTRATEGY INC CL A NEW MSTR	MSTR	67,806	$27.4m0.62%	0.62%	Added +2.7k	+2,679 4.1%
30	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	54,494	$26.5m0.60%	0.60%	Added +1.1k	+1,083 2.0%
31	NETFLIX INC COM NFLX	NFLX	19,745	$26.4m0.60%	0.60%	Reduced -2.0k	-2,010 -9.2%
32	OAKTREE SPECIALTY LENDING CO COM OCSL	OCSL	1,888,566	$25.8m0.59%	0.59%	Added +804.4k	+804,422 74.2%
33	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	79,149	$23.3m0.53%	0.53%	Reduced -2.6k	-2,604 -3.2%
34	SALESFORCE INC COM CRM	CRM	83,247	$22.7m0.52%	0.52%	Reduced -9.4k	-9,372 -10.1%
35	GE AEROSPACE COM NEW GE	GE	86,518	$22.3m0.51%	0.51%	Added +45.0k	+44,964 108.2%
36	GOLDMAN SACHS GROUP INC COM GS	GS	31,103	$22.0m0.50%	0.50%	Reduced -3.3k	-3,255 -9.5%
37	BANK AMERICA CORP COM BAC	BAC	460,842	$21.8m0.50%	0.50%	Added +1.1k	+1,150 0.2%
38	DISNEY WALT CO COM DIS	DIS	168,436	$20.9m0.48%	0.48%	Added +2.9k	+2,933 1.8%
39	COINBASE GLOBAL INC COM CL A COIN	COIN	58,657	$20.6m0.47%	0.47%	Reduced -4.7k	-4,746 -7.5%
40	COSTCO WHSL CORP NEW COM COST	COST	20,579	$20.4m0.46%	0.46%	Added +1.7k	+1,728 9.2%
41	CITIGROUP INC COM NEW C	C	231,837	$19.7m0.45%	0.45%	Reduced -13.4k	-13,406 -5.5%
42	COCA COLA CO COM KO	KO	277,506	$19.6m0.45%	0.45%	Reduced -29.9k	-29,866 -9.7%
43	EXXON MOBIL CORP COM XOM	XOM	179,126	$19.3m0.44%	0.44%	Reduced -2.5k	-2,508 -1.4%
44	INTUIT COM INTU	INTU	24,125	$19.0m0.43%	0.43%	Added +1.2k	+1,186 5.2%
45	MERCK & CO INC COM MRK	MRK	239,814	$19.0m0.43%	0.43%	Added +16.3k	+16,340 7.3%
46	AMERICAN EXPRESS CO COM AXP	AXP	58,291	$18.6m0.42%	0.42%	Reduced -7.3k	-7,297 -11.1%
47	LINDE PLC SHS LIN	LIN	39,455	$18.5m0.42%	0.42%	Reduced -30.3k	-30,267 -43.4%
48	WALMART INC COM WMT	WMT	187,655	$18.3m0.42%	0.42%	Added +17.9k	+17,888 10.5%
49	SERVICENOW INC COM NOW	NOW	17,688	$18.2m0.41%	0.41%	Added +680	+680 4.0%
50	TORONTO DOMINION BK ONT COM NEW TD	TD	181,040	$18.1m0.41%	0.41%	Reduced -2.6k	-2,580 -1.4%
51	FERRARI N V COM RACE	RACE	43,205	$18.0m0.41%	0.41%	Added +1.4k	+1,405 3.4%
52	BOOKING HOLDINGS INC COM BKNG	BKNG	3,051	$17.7m0.40%	0.40%	Reduced -128	-128 -4.0%
53	VERIZON COMMUNICATIONS INC COM VZ	VZ	400,563	$17.3m0.40%	0.40%	Reduced -87.9k	-87,916 -18.0%
54	CATERPILLAR INC COM CAT	CAT	44,195	$17.2m0.39%	0.39%	Reduced -639	-639 -1.4%
55	MORGAN STANLEY COM NEW MS	MS	117,308	$16.5m0.38%	0.38%	Reduced -24.0k	-24,027 -17.0%
56	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	55,193	$16.5m0.38%	0.38%	Reduced -7.1k	-7,110 -11.4%
57	S&P GLOBAL INC COM SPGI	SPGI	31,051	$16.4m0.37%	0.37%	Reduced -2.3k	-2,254 -6.8%
58	ADVANCED MICRO DEVICES INC COM AMD	AMD	115,160	$16.3m0.37%	0.37%	Added +48.7k	+48,686 73.2%
59	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	69,388	$15.7m0.36%	0.36%	Unchanged
60	ABBVIE INC COM ABBV	ABBV	84,294	$15.6m0.36%	0.36%	Added +245	+245 0.3%
61	COMCAST CORP NEW CL A CMCSA	CMCSA	430,476	$15.4m0.35%	0.35%	Added +25.3k	+25,345 6.3%
62	PROGRESSIVE CORP COM PGR	PGR	57,152	$15.3m0.35%	0.35%	Reduced -1.2k	-1,239 -2.1%
63	ADOBE INC COM ADBE	ADBE	38,728	$15.0m0.34%	0.34%	Reduced -5.8k	-5,778 -13.0%
64	TRANE TECHNOLOGIES PLC SHS TT	TT	33,679	$14.7m0.34%	0.34%	Added +1.2k	+1,199 3.7%
65	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	93,504	$14.7m0.33%	0.33%	Added +714	+714 0.8%
66	BLACKROCK INC COM BLK	BLK	13,904	$14.6m0.33%	0.33%	Reduced -147	-147 -1.1%
67	BANK MONTREAL QUE COM BMO	BMO	96,224	$14.5m0.33%	0.33%	Added +3.3k	+3,262 3.5%
68	TJX COS INC NEW COM TJX	TJX	113,424	$14.0m0.32%	0.32%	Reduced -3.2k	-3,151 -2.7%
69	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	44,332	$13.7m0.31%	0.31%	Added +2.6k	+2,593 6.2%
70	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	290,157	$13.4m0.31%	0.31%	Added +44.7k	+44,727 18.2%
71	CISCO SYS INC COM CSCO	CSCO	193,439	$13.4m0.31%	0.31%	Reduced -4.9k	-4,945 -2.5%
72	MERCADOLIBRE INC COM MELI	MELI	5,093	$13.3m0.30%	0.30%	Added +469	+469 10.1%
73	EATON CORP PLC SHS ETN	ETN	36,390	$13.0m0.30%	0.30%	Added +1.8k	+1,825 5.3%
74	UNION PAC CORP COM UNP	UNP	56,085	$12.9m0.29%	0.29%	Reduced -73	-73 -0.1%
75	MARSH & MCLENNAN COS INC COM MRSH	MRSH	58,048	$12.7m0.29%	0.29%	Added +3.6k	+3,583 6.6%
76	PHILIP MORRIS INTL INC COM PM	PM	68,624	$12.5m0.28%	0.28%	Added +17.3k	+17,283 33.7%
77	DANAHER CORPORATION COM DHR	DHR	62,997	$12.4m0.28%	0.28%	Added +8.2k	+8,237 15.0%
78	APPLIED MATLS INC COM AMAT	AMAT	66,964	$12.3m0.28%	0.28%	Reduced -11.1k	-11,125 -14.2%
79	ALCON AG ORD SHS ALC	ALC	168,958	$11.9m0.27%	0.27%	Added +40.1k	+40,064 31.1%
80	ROYAL BK CDA COM RY	RY	65,447	$11.7m0.27%	0.27%	Added +4.3k	+4,279 7.0%
81	PEPSICO INC COM PEP	PEP	87,119	$11.5m0.26%	0.26%	Reduced -15.2k	-15,156 -14.8%
82	SCHWAB CHARLES CORP COM SCHW	SCHW	124,726	$11.4m0.26%	0.26%	Added +971	+971 0.8%
83	ABBOTT LABS COM ABT	ABT	82,431	$11.2m0.26%	0.26%	Added +2.1k	+2,150 2.7%
84	3M CO COM MMM	MMM	38,896	$11.2m0.26%	0.26%	Reduced -4.7k	-4,657 -10.7%
85	LAM RESEARCH CORP COM NEW LRCX	LRCX	114,369	$11.1m0.25%	0.25%	Reduced -48.1k	-48,135 -29.6%
86	LOWES COS INC COM LOW	LOW	49,932	$11.1m0.25%	0.25%	Reduced -947	-947 -1.9%
87	AMERICAN TOWER CORP NEW COM AMT	AMT	50,000	$11.1m0.25%	0.25%	Added +1.3k	+1,283 2.6%
88	AT&T INC COM T	T	377,587	$10.9m0.25%	0.25%	Reduced -64.0k	-64,011 -14.5%
89	PALO ALTO NETWORKS INC COM PANW	PANW	53,098	$10.9m0.25%	0.25%	Added +17.3k	+17,325 48.4%
90	DEERE & CO COM DE	DE	21,161	$10.8m0.25%	0.25%	Added +8.0k	+7,969 60.4%
91	CHEVRON CORP NEW COM CVX	CVX	74,954	$10.7m0.24%	0.24%	Added +775	+775 1.0%
92	ORACLE CORP COM ORCL	ORCL	48,260	$10.6m0.24%	0.24%	Reduced -3.8k	-3,794 -7.3%
93	AMGEN INC COM AMGN	AMGN	37,593	$10.5m0.24%	0.24%	Reduced -867	-867 -2.2%
94	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	19,151	$10.4m0.24%	0.24%	Reduced -2.0k	-2,009 -9.5%
95	TEXAS INSTRS INC COM TXN	TXN	49,848	$10.3m0.24%	0.24%	Reduced -17.1k	-17,107 -25.6%
96	FISERV INC COM FISV	FISV	59,588	$10.3m0.23%	0.23%	Reduced -4.7k	-4,741 -7.4%
97	ILLINOIS TOOL WKS INC COM ITW	ITW	41,133	$10.2m0.23%	0.23%	Added +22.9k	+22,930 126.0%
98	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	73,961	$10.1m0.23%	0.23%	Reduced -15.2k	-15,247 -17.1%
99	MCKESSON CORP COM MCK	MCK	13,518	$9.9m0.23%	0.23%	Added +4.3k	+4,253 45.9%
100	UBER TECHNOLOGIES INC COM UBER	UBER	100,369	$9.4m0.21%	0.21%	Reduced -42.1k	-42,092 -29.6%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
DISCOVER FINL SVCS DFS	DFS	27,766	$4.7m27.8k shares
SOUTHWEST AIRLS CO LUV	LUV	82,673	$2.8m82.7k shares
PULTE GROUP INC PHM	PHM	25,228	$2.6m25.2k shares
CORPAY INC CPAY	CPAY	7,349	$2.6m7.3k shares
WYNN RESORTS LTD WYNN	WYNN	28,620	$2.4m28.6k shares
HUNTINGTON INGALLS INDS INC HII	HII	11,199	$2.3m11.2k shares
SKYWORKS SOLUTIONS INC SWKS	SWKS	35,338	$2.3m35.3k shares
OTIS WORLDWIDE CORP OTIS	OTIS	17,809	$1.8m17.8k shares
EPAM SYS INC EPAM	EPAM	10,055	$1.7m10.1k shares
ROCKWELL AUTOMATION INC ROK	ROK	5,368	$1.4m5.4k shares
BROOKFIELD ASSET MANAGMT LTD BAM	BAM	19,827	$1.4m19.8k shares
INTERNATIONAL FLAVORS&FRAGRA IFF	IFF	16,187	$1.3m16.2k shares
JAZZ PHARMACEUTICALS PLC JAZZ	JAZZ	8,473	$1.1m8.5k shares
M & T BK CORP MTB	MTB	5,630	$1.0m5.6k shares
FIRST CTZNS BANCSHARES INC N FCNCA	FCNCA	515	$954.9k515 shares
FIDELITY NATIONAL FINANCIAL FNF	FNF	14,617	$951.3k14.6k shares
WP CAREY INC WPC	WPC	14,560	$918.9k14.6k shares
PINTEREST INC PINS	PINS	25,490	$790.2k25.5k shares
AVANTOR INC AVTR	AVTR	37,279	$604.3k37.3k shares
SENSATA TECHNOLOGIES HLDG PL ST	ST	6,008	$145.8k6.0k shares
ENTERPRISE PRODS PARTNERS L EPD	EPD	4,230	$144.4k4.2k shares
HF SINCLAIR CORP DINO	DINO	4,161	$136.8k4.2k shares
POLARIS INC PII	PII	2,799	$114.6k2.8k shares
DROPBOX INC DBX	DBX	3,576	$95.5k3.6k shares
EXPEDIA GROUP INC EXPE	EXPE	488	$82.0k488 shares