Managers / Q4 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
Summary
Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reported $47M in U.S.-listed holdings across 37 positions for Q4 2025.
Its largest position, B, represents 9.1% of the portfolio.
Compared with Q3 2025, the fund opened 8 new positions and exited 8.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 89.7% · $42M
- ADR · 10.3% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CVXChevron Corporation | NEW | +80 | 80 | +$12,185 | $12,185 |
| EXMOCExxon Mobil Corporation | NEW | +100 | 100 | +$12,099 | $12,099 |
| COPConocophillips | NEW | +120 | 120 | +$11,728 | $11,728 |
| SLBSchlumberger Ltd | NEW | +260 | 260 | +$10,023 | $10,023 |
| OXYOccidental Petroleum Corp | NEW | +240 | 240 | +$9,950 | $9,950 |
| EQTEQT CORP | NEW | +180 | 180 | +$9,833 | $9,833 |
| EOGEOG Resources INC | NEW | +90 | 90 | +$9,509 | $9,509 |
| DVNDevon Energy Corp. | NEW | +230 | 230 | +$8,469 | $8,469 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BBarrick Gold Corphistory → | Common Stock | 9.07% | $4M | 96.3K |
| 2 | NEMNewmont Mining Corphistory → | Common Stock | 8.64% | $4M | 39.9K |
| 3 | WPMWheaton Precious Metals Corphistory → | Common Stock | 8.40% | $4M | 33.2K |
| 4 | KGCKinross Gold Corphistory → | Common Stock | 7.57% | $4M | 124.2K |
| 5 | AEMAgnico Eagle Mines Ltdhistory → | Common Stock | 7.55% | $4M | 20.6K |
| 6 | PAASPan American Silver Corphistory → | Common Stock | 5.81% | $3M | 51.9K |
| 7 | AGIAlamos Gold Inc-Class Ahistory → | Common Stock | 5.13% | $2M | 61.6K |
| 8 | AUAnglogold Ashantihistory → | Common Stock | 4.93% | $2M | 26.8K |
| 9 | EQXEquinox Gold Corphistory → | Common Stock | 4.71% | $2M | 155.6K |
| 10 | GFIGold Fields Ltd.history → | ADR | 4.63% | $2M | 49.3K |
| 11 | HMYHarmony Gold Mng - Spon ADRhistory → | ADR | 3.88% | $2M | 91.0K |
| 12 | BTGB2Gold Corphistory → | Common Stock | 3.41% | $2M | 351.5K |
| 13 | FSMFortuna Silver Mines Inchistory → | Common Stock | 3.08% | $1M | 145.6K |
| 14 | AGFirst Majestic Silver Corphistory → | Common Stock | 3.05% | $1M | 84.6K |
| 15 | HLHecla Mining Cohistory → | Common Stock | 3.04% | $1M | 73.4K |
| 16 | SSRMSsr Mining Inchistory → | Common Stock | 3.00% | $1M | 64.3K |
| 17 | CGAUCenterra Gold Inchistory → | Common Stock | 2.91% | $1M | 94.1K |
| 18 | SVMSilvercorp Metals Inchistory → | Common Stock | 2.76% | $1M | 151.0K |
| 19 | FNVFranco - Nevada Corphistory → | Common Stock | 2.70% | $1M | 6.1K |
| 20 | EGOEldorado Gold Corphistory → | Common Stock | 2.58% | $1M | 33.5K |
| 21 | DRDDrdgold Ltd - Sponsored ADRhistory → | ADR | 1.77% | $833,841 | 26.7K |
| 22 | RGLDRoyal Gold Inc | Common Stock | 0.97% | $454,500 | 2.0K |
| 23 | OKEOneok Inc. | Common Stock | 0.04% | $18,455 | 250 |
| 24 | PSXPhillips 66 | Common Stock | 0.04% | $16,843 | 130 |
| 25 | VLOVALERO ENERGY CORP | Common Stock | 0.04% | $16,486 | 100 |
| 26 | MPCMarathon Petroleum Corporation | Common Stock | 0.03% | $16,382 | 100 |
| 27 | KMIKINDER MORGAN INC | Common Stock | 0.03% | $15,721 | 570 |
| 28 | WMBWilliams COS INC | Common Stock | 0.03% | $15,040 | 250 |
| 29 | CVXChevron Corporation | Common Stock | 0.03% | $12,185 | 80 |
| 30 | EXMOCExxon Mobil Corporation | Common Stock | 0.03% | $12,099 | 100 |
| 31 | COPConocophillips | Common Stock | 0.02% | $11,728 | 120 |
| 32 | LNGCheniere Energy, Inc. | Common Stock | 0.02% | $11,606 | 60 |
| 33 | SLBSchlumberger Ltd | Common Stock | 0.02% | $10,023 | 260 |
| 34 | OXYOccidental Petroleum Corp | Common Stock | 0.02% | $9,950 | 240 |
| 35 | EQTEQT CORP | Common Stock | 0.02% | $9,833 | 180 |
| 36 | EOGEOG Resources INC | Common Stock | 0.02% | $9,509 | 90 |
| 37 | DVNDevon Energy Corp. | Common Stock | 0.02% | $8,469 | 230 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $56M | 38 | Apr 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $47M | 37 | Jan 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $41M | 37 | Oct 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $21M | 38 | Jul 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $39M | 39 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $34M | 38 | Feb 20, 2025 | RESTATEMENT | changes · 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 ↗.