SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

CIK 0002054965 · Part of the Allianz family · UL. INFLANCKA 4B, WARSZAWA, R9, 00-189 · 01148 224 224 224

Reported Value
$39M
Q1 2025
Positions
39
Filings on Record
10
2025–present window
Filed
May 12, 2025
original filing

Summary

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reported $39M in U.S.-listed holdings across 39 positions for Q1 2025.

The portfolio is heavily concentrated: NEM alone accounts for 23.0% of reported value.

Compared with Q4 2024, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+85.1%
share of reported value
Largest Position
+23.0%
Newmont Mining

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’24: $34MQ4 ’24Q1 ’25: $39MQ1 ’25Q2 ’25: $21MQ2 ’25Q3 ’25: $41MQ3 ’25Q4 ’25: $47MQ4 ’25Q1 ’26: $56MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 95.7%ADR: 4.2%MLP: 0.1%
  • Common Stock · 95.7% · $37M
  • ADR · 4.2% · $2M
  • MLP · 0.1% · $22,526

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LYBLyondellbasell Industries NVNEW+150150+$14,385$14,385
AEMAgnico Eagle Mines LtdADDED+2.3K19.0K+$224,158$2M
PAASPan American Silver CorpADDED+8.9K158.8K+$282,446$3M
AMZNAmazon.com Inc.HELD+1.7K40.0K−$957,353$7M
ABXBarrick Gold CorpHELD+2.5K367.7K+$2M$7M
NEMNewmont Mining CorpHELD+349168.3K+$3M$9M
NKENIKE IncHELD+012.2K+$155,471$1M
HLHecla Mining CoHELD+082.3K+$144,848$548,941

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NEMNewmont Mining Corphistory →Common Stock23.03%$9M168.3K
2AMZNAmazon.com Inc.history →Common Stock19.11%$7M40.0K
3ABXBarrick Gold Corphistory →Common Stock18.74%$7M367.7K
4PAASPan American Silver Corphistory →Common Stock8.49%$3M158.8K
5AEMAgnico Eagle Mines Ltdhistory →Common Stock3.92%$2M19.0K
6WPMWheaton Precious Metals Corphistory →Common Stock3.36%$1M21.5K
7NKENIKE Inchistory →Common Stock2.76%$1M12.2K
8AGIAlamos Gold Inc-Class Ahistory →Common Stock1.97%$767,51238.5K
9KGCKinross Gold Corphistory →Common Stock1.96%$764,77281.6K
10FNVFranco - Nevada Corphistory →Common Stock1.73%$677,2045.5K
11AUAnglogold Ashantihistory →Common Stock1.72%$669,98425.0K
12HMYHarmony Gold Mng - Spon ADRhistory →ADR1.71%$668,82665.7K
13GFIGold Fields Ltd.history →ADR1.70%$663,12043.2K
14EGOEldorado Gold Corphistory →Common Stock1.51%$588,84333.9K
15HLHecla Mining Cohistory →Common Stock1.41%$548,94182.3K
16EQXEquinox Gold CorpCommon Stock0.93%$361,88859.3K
17BTGB2Gold CorpCommon Stock0.89%$347,852112.5K
18FSMFortuna Silver Mines IncCommon Stock0.88%$345,39874.6K
19RGLDRoyal Gold IncCommon Stock0.81%$317,0782.3K
20DRDDrdgold Ltd - Sponsored ADRADR0.79%$308,80032.0K
21CGAUCenterra Gold IncCommon Stock0.79%$308,13642.9K
22SVMSilvercorp Metals IncCommon Stock0.63%$245,29556.3K
23AGFirst Majestic Silver CorpCommon Stock0.35%$137,40022.9K
24SSRMSsr Mining IncCommon Stock0.33%$127,23222.4K
25KMIKINDER MORGAN INCCommon Stock0.05%$18,114820
26MPCMarathon Petroleum CorporationCommon Stock0.04%$16,291100
27EMNEastman Chemical Co.Common Stock0.04%$14,554130
28LYBLyondellbasell Industries NVCommon Stock0.04%$14,385150
29VLOVALERO ENERGY CORPCommon Stock0.03%$13,503100
30CMICummins INCCommon Stock0.03%$12,95240
31UNPUnion Pacific CorporationCommon Stock0.03%$12,32450
32PAAPlains All American Pipeline, L.p.MLP0.03%$11,464660
33WMBWilliams COS INCCommon Stock0.03%$11,413250
34CFCF Industries Holdings INCCommon Stock0.03%$11,154130
35EPDEnterprise Products PartnersMLP0.03%$11,062380
36LNGCheniere Energy, Inc.Common Stock0.03%$10,79060
37PSXPhillips 66Common Stock0.03%$10,51680
38OKEOneok Inc.Common Stock0.03%$10,024110
39HUNHuntsman Corp.Common Stock0.02%$9,438390

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$56M38Apr 9, 202613F-HRchanges · EDGAR ↗
Q4 2025$47M37Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$41M37Oct 31, 202513F-HRchanges · EDGAR ↗
Q2 2025$21M38Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$39M39May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$34M38Feb 20, 2025RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.