Generali Asset Management SPA SGR

CIK 0002046751 · Q1 2026

13F Equity AUM

$4.8B

-2.0% QoQ

Positions

481

+2 QoQ

AUM Rank

#1,043

Top 8%

Skill Alpha (FF)

—

Building track record (4q)

Quarters Tracked

~1 years

Portfolio Concentration

Top 5: 21.2%Top 10: 32.7%Top 20: 45.3%

NVDA7.5%

MSFT4.7%

AAPL3.1%

GOOGL3.0%

AZN2.9%

ARCC2.8%

GOOG2.6%

TTE2.3%

MDY2.0%

TSLA1.8%

Others (471)67.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology26.3%

Financial Services23.4%

Healthcare9.8%

Communication Services9.1%

Consumer Cyclical8.1%

Industrials6.3%

Energy5.4%

Basic Materials4.5%

Other7.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 481Median: 0.07%Avg: 0.21%

0–0.5%

443(43.5%)

0.5–1%

20(13.0%)

1–3%

15(28.1%)

3–5%

2(7.8%)

5%+

1(7.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 481Unique: 0vs 20 funds

6.6%Low

481

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

9.2%

BANK OF AMERICA CORP /DE/

10.1%

JPMORGAN CHASE & CO

9.9%

BlackRock, Inc.

12%

FMR LLC

16.1%

VANGUARD CAPITAL MANAGEMENT LLC

13.8%

GEODE CAPITAL MANAGEMENT, LLC

13.3%

STATE STREET CORP

13.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

15.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New31Increased185Decreased225Exited30

New Positions

AZN2.9%

+955K

MDY2.0%

+159K

NXE0.2%

+665K

SUNBELT RENTALS HOLD…0.1%

+137K

DELL0.1%

+16K

QIAGEN NV0.0%

+50K

TER0.0%

+6K

WAT0.0%

+6K

PNFP0.0%

+16K

CFG0.0%

+27K

Increased

ARCC2.8%

+2.5M(+49%)

BXSL1.3%

+475K(+23%)

STLA0.6%

+301K(+6%)

UBS1.7%

+174K(+7%)

CCO0.3%

+143K(+3897%)

T0.2%

+99K(+32%)

KEY0.0%

+73K(+1039%)

KVUE0.1%

+71K(+43%)

F0.0%

+69K(+114%)

NLY0.0%

+54K(+787%)

Decreased

NEM1.2%

-245,596(-32%)

WPM0.6%

-135,033(-42%)

PFE0.1%

-118,944(-37%)

MICC0.0%

-97,238(-94%)

AEM1.2%

-85,812(-26%)

KMI0.1%

-60,401(-39%)

TRP0.0%

-57,815(-77%)

CPRT0.0%

-53,126(-53%)

PYPL0.0%

-52,649(-55%)

SMCI0.0%

-49,389(-70%)

Exited

MTB

-11,513

QIAGEN NV

-49,815

-30,905

-22,964

-12,838

-21,517

-42,668

-34,820

-19,735

DOCU

-23,633

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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