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Generali Asset Management SPA SGR — 13F Holdings & Portfolio

CIK 2046751 · latest 13F-HR filed 2026-07-30

Backtest portfolio

Generali Asset Management SPA SGR manages $5.53B in 13F-reported U.S. long-equity assets across 526 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (7.51%), MSFT (4.12%), GOOGL (3.26%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 60 new positions and exited 18; 225 existing positions rose in reported value and 177 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$5.53B

Long-equity book

Holdings
526

Distinct positions

Period
2026-06-30

Filed 2026-07-30

Q/Q Activity
+60 / −18 / ↑225 / ↓177

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NVDA7.5% · +1%MSFT4.1% · +0%GOOGL3.3% · +2%AAPL3.0% · -2%GOOG2.7% · -1%ARCC2.5% · 0%MDY2.1% · +4%AZN2.1% · -16%UBS1.8% · -6%TSLA1.8% · +1%AVGO1.7% · -0%TTE1.6% · -6%AMZN1.5% · -2%AMD1.5% · +1%LLY1.4% · +2%MU1.2% · +6%BXSL1.1% · +3%NEM1.1% · +27%AEM1.0% · +19%AMAT1.0% · +5%JPM1.0% · +6%CAT1.0% · +8%V0.9% · +1%LRCX0.9% · +6%INTC0.9% · +6%OBDC0.9% · -1%MA0.8% · +5%WPM0.7% · +74%STX0.7% · +114%EWJ0.7% · newMRK0.7% · +7%RACE0.7% · +25%GE0.6% · -2%GBDC0.6% · 0%TD0.6% · +9%TSM0.6% · 0%GSBD0.6% · 0%LIN0.6% · +31%MS0.6% · +11%MRVL0.5% · +74%HD0.5% · -1%SPOT0.5% · -5%META0.5% · -10%BIZD0.5% · 0%MSDL0.5% · 0%GS0.5% · +1%PG0.5% · -6%BMO0.5% · +12%FSK0.5% · -1%BAC0.5% · -1%ALC0.5% · +79%OCSL0.4% · -0%C0.4% · +15%BRK.B0.4% · +9%BNS0.4% · +18%AXP0.4% · +4%STLA0.4% · -7%KO0.4% · +2%IBM0.4% · -9%ABBV0.4% · +2%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 30.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 225 →

Top Trims

Show all 177 →

New Positions

Show all 60 →

Exited Positions

Show all 18 →

Generali Asset Management SPA SGR Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $415.3M 7.51% 2,075,742 SH
2 MICROSOFT CORP MSFT 594918104 $227.7M 4.12% 610,529 SH
3 ALPHABET INC GOOGL 02079K305 $180.1M 3.26% 504,039 SH
4 APPLE INC AAPL 037833100 $165.4M 2.99% 571,445 SH
5 ALPHABET INC GOOG 02079K107 $150.7M 2.72% 426,403 SH
6 ARES CAPITAL CORP ARCC 04010L103 $139.9M 2.53% 7,547,995 SH
7 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $115.9M 2.10% 164,778 SH
8 ASTRAZENECA PLC AZN G0593M107 $113.5M 2.05% 804,933 SH
9 UBS GROUP AG UBS H42097107 $99.8M 1.80% 2,491,590 SH
10 TESLA INC TSLA 88160R101 $98.9M 1.79% 235,225 SH
11 BROADCOM INC AVGO 11135F101 $94.3M 1.71% 249,767 SH
12 TOTALENERGIES SE TTE F92124100 $86.3M 1.56% 1,268,689 SH
13 AMAZON COM INC AMZN 023135106 $82.0M 1.48% 344,060 SH
14 ADVANCED MICRO DEVICES INC AMD 007903107 $81.5M 1.47% 140,264 SH
15 ELI LILLY & CO LLY 532457108 $76.5M 1.38% 63,771 SH
16 MICRON TECHNOLOGY INC MU 595112103 $67.5M 1.22% 58,484 SH
17 BLACKSTONE SECD LENDING FD BXSL 09261X102 $61.7M 1.12% 2,602,594 SH
18 NEWMONT CORP NEM 651639106 $61.7M 1.11% 660,068 SH
19 AGNICO EAGLE MINES LTD AEM 008474108 $55.5M 1.00% 294,453 SH
20 APPLIED MATLS INC AMAT 038222105 $54.2M 0.98% 74,898 SH
21 JPMORGAN CHASE & CO JPM 46625H100 $53.5M 0.97% 163,433 SH
22 CATERPILLAR INC CAT 149123101 $53.0M 0.96% 49,801 SH
23 VISA INC V 92826C839 $50.5M 0.91% 147,084 SH
24 LAM RESEARCH CORP LRCX 512807306 $50.1M 0.91% 115,587 SH
25 INTEL CORP INTC 458140100 $48.6M 0.88% 348,006 SH
26 BLUE OWL CAPITAL CORPORATION OBDC 69121K104 $47.3M 0.86% 4,351,794 SH
27 MASTERCARD INCORPORATED MA 57636Q104 $42.4M 0.77% 82,628 SH
28 WHEATON PRECIOUS METALS CORP WPM 962879102 $40.5M 0.73% 318,250 SH
29 SEAGATE TECHNOLOGY HLDNGS PL STX G7997R103 $40.3M 0.73% 41,795 SH
30 ISHARES INC EWJ 46434G822 $39.9M 0.72% 427,383 SH
31 MERCK & CO INC MRK 58933Y105 $39.0M 0.71% 303,564 SH
32 FERRARI N V RACE N3167Y103 $38.6M 0.70% 118,882 SH
33 GE AEROSPACE GE 369604301 $35.9M 0.65% 96,015 SH
34 GOLUB CAP BDC INC GBDC 38173M102 $33.9M 0.61% 2,630,739 SH
35 TORONTO DOMINION BK ONT TD 891160509 $33.4M 0.60% 193,779 SH
36 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $33.1M 0.60% 69,388 SH
37 GOLDMAN SACHS BDC INC GSBD 38147U107 $31.2M 0.56% 3,294,022 SH
38 LINDE PLC LIN G54950103 $30.9M 0.56% 59,450 SH
39 MORGAN STANLEY MS 617446448 $30.6M 0.55% 146,152 SH
40 MARVELL TECHNOLOGY INC MRVL 573874104 $30.4M 0.55% 101,900 SH
41 HOME DEPOT INC HD 437076102 $30.3M 0.55% 85,794 SH
42 SPOTIFY TECHNOLOGY S A SPOT L8681T102 $29.9M 0.54% 66,139 SH
43 META PLATFORMS INC META 30303M102 $29.4M 0.53% 52,237 SH
44 VANECK ETF TRUST BIZD 92189F411 $27.9M 0.50% 2,200,000 SH
45 MORGAN STANLEY DIRECT LENDIN MSDL 61774A103 $27.7M 0.50% 1,829,964 SH
46 GOLDMAN SACHS GROUP INC GS 38141G104 $27.3M 0.49% 27,034 SH
47 PROCTER & GAMBLE CO PG 742718109 $26.9M 0.49% 183,125 SH
48 BANK MONTREAL MEDIUM BMO 063671101 $26.8M 0.49% 107,097 SH
49 FS KKR CAP CORP FSK 302635206 $26.6M 0.48% 2,529,225 SH
50 BANK OF AMER CORP BAC 060505104 $25.4M 0.46% 445,856 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-30 $5.53B 526 0001123292-26-001028
2026-03-31 2026-05-05 $4.79B 484 0001123292-26-000597
2025-12-31 2026-02-03 $4.89B 483 0001123292-26-000085
Filer Information
Address
VIA MACHIAVELLI 4
TRIESTE, L6 34132
Phone
040671111
Filing Manager
Generali Asset Management SPA SGR
TRIESTE, L6
Signatory
Antonio Cavarero
Head of Investments