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GAM

Generali Asset Management Portfolio holdings

AUM $4.79B
1-Year Est. Return 26.21%
This Fund
S&P 500
This Quarter Est. Return
+4.17%
1 Year Est. Return
+26.21%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$4.89B
AUM Growth
+$214M
Cap. Flow
+$119M
Cap. Flow %
2.44%
Top 10 Hldgs %
33.21%
Holding
523
New
24
Increased
235
Reduced
182
Closed
40

Top Buys

Rank Stock Value
1
TTE icon
TotalEnergies
TTE
+$82.3M
2
ALC icon
Alcon
ALC
+$15.8M
3
RACE icon
Ferrari
RACE
+$12.3M
4
MSFT icon
Microsoft
MSFT
+$7.44M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$6.62M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$12.8M
2
MU icon
Micron Technology
MU
+$6.24M
3
C icon
Citigroup
C
+$5.56M
4
CVX icon
Chevron
CVX
+$5.44M
5
XOM icon
ExxonMobil
XOM
+$5.14M

Sector Composition

Rank Sector Weight
1 Technology 29.79%
2 Financials 22.39%
3 Communication Services 10.03%
4 Consumer Discretionary 9.21%
5 Healthcare 7.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$4.91T
$393M 8.03%
2,106,216
+7,021
+0.3% +$1.31M
MSFT icon
2
Microsoft
MSFT
$2.93T
$299M 6.11%
618,233
+14,856
+2% +$7.44M
AAPL icon
3
Apple
AAPL
$4.9T
$166M 3.38%
609,182
-6,376
-1% -$1.71M
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$4.23T
$158M 3.23%
504,479
+6,691
+1% +$1.91M
GOOG icon
5
Alphabet (Google) Class C
GOOG
$4.22T
$137M 2.79%
435,030
+23,116
+6% +$6.62M
TSLA icon
6
Tesla
TSLA
$1.43T
$107M 2.18%
236,885
+2,029
+0.9% +$899K
ARCC icon
7
Ares Capital
ARCC
$13.8B
$102M 2.09%
5,052,119
– –
UBS icon
8
UBS Group
UBS
$173B
$91.7M 1.87%
2,480,242
+142,490
+6% +$5.76M
AVGO icon
9
Broadcom
AVGO
$1.76T
$88.2M 1.8%
254,804
-12,884
-5% -$4.61M
AMZN icon
10
Amazon
AMZN
$2.66T
$84.3M 1.72%
365,279
-2,455
-0.7% -$562K
NEM icon
11
Newmont
NEM
$95.8B
$76.4M 1.56%
764,758
+18,064
+2% +$1.63M
TTE icon
12
TotalEnergies
TTE
$181B
$72.3M 1.48%
+1,300,900
New +$82.3M
LLY icon
13
Eli Lilly
LLY
$1.05T
$71.7M 1.47%
66,708
+5,416
+9% +$5.18M
AEM icon
14
Agnico Eagle Mines
AEM
$68.5B
$65.1M 1.33%
333,174
-16,505
-5% -$2.77M
OBDC icon
15
Blue Owl Capital
OBDC
$5.45B
$54.4M 1.11%
4,377,807
– –
BXSL icon
16
Blackstone Secured Lending
BXSL
$5.54B
$53.8M 1.1%
2,044,480
– –
JPM icon
17
JPMorgan Chase
JPM
$907B
$53.2M 1.09%
164,980
-12,417
-7% -$3.84M
V icon
18
Visa
V
$682B
$52.6M 1.07%
149,928
+5,683
+4% +$1.94M
MA icon
19
Mastercard
MA
$480B
$44.3M 0.91%
77,610
-3,048
-4% -$1.7M
STLA icon
20
Stellantis
STLA
$16.8B
$44.2M 0.9%
4,675,319
-67,841
-1% -$730K
META icon
21
Meta Platforms (Facebook)
META
$1.64T
$40.9M 0.84%
62,004
-19,194
-24% -$12.8M
WPM icon
22
Wheaton Precious Metals
WPM
$47.3B
$40.4M 0.83%
318,297
-8,371
-3% -$896K
SPOT icon
23
Spotify
SPOT
$98.3B
$37.9M 0.78%
66,459
-1,564
-2% -$978K
FSK icon
24
FS KKR Capital
FSK
$3.06B
$37.7M 0.77%
2,546,371
– –
GBDC icon
25
Golub Capital BDC
GBDC
$3.4B
$35.7M 0.73%
2,630,739
– –
1
2 3 4 5

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CA
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PTC
Provident Trust Company Waukesha, Wisconsin $4.78B AUM 23.38% 1-Year Est. Return
JSTA
Japan Science & Technology Agency Tokyo, Japan $4.81B AUM 4.62% 1-Year Est. Return
MP
MFN Partners Boston, Massachusetts $4.77B AUM 72.29% 1-Year Est. Return
WAM
WT Asset Management Hong Kong $4.77B AUM 334.05% 1-Year Est. Return
MF
Milford Funds Auckland $4.77B AUM
TPCW
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IA
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Generali Asset Management's Q4 2025 Portfolio in Review

As of Q4 2025, Generali Asset Management held 523 positions worth $4.89B, up 4.6% from $4.68B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Generali Asset Management's Q4 2025 filing shows 24 new, 235 increased, 182 reduced and 40 closed positions. Its largest new stake was TotalEnergies: 1,300,900 shares worth $72.3M. The largest sale was Meta Platforms (Facebook), an estimated $12.8M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 31% a quarter earlier, followed by Financials and Communication Services.

  • Generali Asset Management's largest Q4 2025 buy was TotalEnergies: 1,300,900 shares worth $72.3M.
  • Generali Asset Management added most to Alcon in Q4 2025, an estimated $15.8M increase.
  • Generali Asset Management's biggest Q4 2025 reduction was Meta Platforms (Facebook), cutting an estimated $12.8M.
  • Generali Asset Management fully exited Kellanova in Q4 2025, selling an estimated $4.92M.
  • Generali Asset Management's ten largest holdings make up 33% of its $4.89B portfolio in Q4 2025.
  • Generali Asset Management opened 24 new positions and closed 40 in Q4 2025.
  • Generali Asset Management's portfolio value rose 4.6% quarter-over-quarter to $4.89B.

Based on Generali Asset Management's 13F filing for Q4 2025, filed 3 Feb 2026.