Generate Investment Management Ltd

CIK

2025905

Location

AUCKLAND, Q2

Portfolio Value

Mid $2,029,951,777

Diversification

Diversified

Filing Date

Global Rank

#989 / 8,232 ▲ 25

Top Industry

Semiconductors 25.8%

3Y Alpha vs SPY

-0.8%

Period ended 2 months ago

Filed Apr 16, 2026 · 58d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+50.6%

SPY

+52.9%

Annualised alpha

-0.8%

Max drawdown

−19.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

70 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

11.9%

+4.6 pts

Top 5

41.6%

+7.9 pts

Top 10

60.5%

+10.7 pts

HHI

487

Diversified+145

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	52.9%	$1,072,960,661	24
Communication Services	15.1%	$307,083,522	5
Consumer Cyclical	9.4%	$190,346,240	7
Financial Services	7.3%	$148,198,525	8
Healthcare	4.6%	$92,445,864	13
Industrials	3.9%	$79,619,901	4
Basic Materials	3.9%	$78,831,263	4
Energy	2.3%	$46,091,697	3
Real Estate	0.7%	$13,766,282	1
Consumer Defensive	0.0%	$607,822	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	+533,125	1,385,889	$241,699,041
MSFT	Microsoft Corp	+183,263	501,263	$185,552,524
ORCL	Oracle Corp	+156,544	276,544	$40,682,387
NFLX	Netflix Inc	+149,242	467,711	$44,970,412
AMZN	Amazon Com Inc	+130,723	810,357	$168,773,052
NOW	ServiceNow, Inc.	+120,684	183,184	$19,151,887
AAPL	Apple Inc.	+116,909	409,043	$103,811,022
MU	Micron Technology Inc	+101,129	202,187	$68,306,856
LRCX	Lam Research Corp	+60,964	151,334	$32,334,022
AJG	Arthur J. Gallagher & Co.	+60,000	90,000	$19,492,200
META	Meta Platforms, Inc.	+56,245	219,743	$125,721,562
GEV	GE Vernova Inc.	+36,041	58,048	$50,670,099
AVGO	Broadcom Inc.	+29,693	248,950	$77,052,514
MPWR	Monolithic Power Systems Inc	+309	10,640	$11,633,244
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ALK	Alaska Air Group, Inc.	−600,000	200,000	$7,356,000
CART	Maplebear Inc.	−490,500	150,000	$5,619,000
AGI	Alamos Gold Inc	−450,000	750,000	$33,322,500
BAC	Bank Of America Corp /De/	−378,812	195,874	$9,548,857
EQT	EQT Corp	−230,000	130,000	$8,273,200
NEM	NEWMONT Corp /DE/	−228,975	200,000	$21,650,000
CRH	Crh Public Ltd Co	−142,999	43,528	$4,575,663
BSX	Boston Scientific Corp	−94,670	254,250	$15,954,187
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−63,007	249,222	$84,224,574
GOOGL	Alphabet Inc.	−55,844	424,612	$122,101,426
PLD	Prologis, Inc.	−53,332	104,148	$13,766,282
V	Visa Inc.	−41,697	84,937	$25,671,358
HD	Home Depot, Inc.	−40,555	15,347	$5,047,474
CPAY	Corpay, Inc.	−40,000	80,000	$23,279,200
APH	Amphenol Corp /De/	−34,267	254,042	$32,098,206
UNH	Unitedhealth Group Inc	−30,481	37,627	$10,181,489
VRTX	Vertex Pharmaceuticals Inc / Ma	−25,706	628	$280,427
NXPI	NXP Semiconductors N.V.	−22,764	28,293	$5,569,759
TMO	Thermo Fisher Scientific Inc.	−22,390	13,256	$6,515,721
MRVL	Marvell Technology, Inc.	−21,190	63,734	$6,312,852
LLY	ELI LILLY & Co	−20,198	27,197	$25,014,984
ISRG	Intuitive Surgical Inc	−19,265	989	$455,919
BRK-B	Berkshire Hathaway Inc	−18,037	65,045	$31,169,564
DASH	DoorDash, Inc.	−17,510	37,688	$5,658,853
SYK	Stryker Corp	−17,005	13,917	$4,572,987
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
AMD	Advanced Micro Devices Inc	137,183	$27,907,137
BP	Bp PLC	563,151	$26,468,097
UBER	Uber Technologies, Inc	271,429	$19,523,887
AEM	Agnico Eagle Mines Ltd	95,000	$19,283,100
IBM	International Business Machines Corp	74,657	$18,096,110
DHR	Danaher Corp /De/	69,057	$13,093,207
AMAT	Applied Materials Inc /De	36,882	$12,605,898
INTU	Intuit Inc.	27,804	$12,021,893
KLAC	Kla Corp	7,928	$11,673,266
ANET	Arista Networks, Inc.	67,371	$8,271,811
VRT	Vertiv Holdings Co	28,541	$7,151,803
TKO	TKO Group Holdings, Inc.	31,169	$6,285,228
RGEN	Repligen Corp	41,521	$4,892,004
REGN	Regeneron Pharmaceuticals, Inc.	4,908	$3,792,117
COST	Costco Wholesale Corp /New	610	$607,822
ROST	Ross Stores, Inc.	2,236	$484,384
TXN	Texas Instruments Inc	1,981	$384,591
HCA	HCA Healthcare, Inc.	426	$201,600
No positions match the current search.

Sold Out

Positions the filer fully exited

23 positions

Ticker	Company	Shares	Value
CRWV	CoreWeave, Inc.	370,000	$26,495,700
UAL	United Airlines Holdings, Inc.	225,000	$25,159,500
WM	Waste Management Inc	87,232	$19,165,742
LULU	lululemon athletica inc.	68,697	$14,275,923
WAL	Western Alliance Bancorporation	160,000	$13,451,200
SNPS	Synopsys Inc	25,282	$11,875,461
WCN	Waste Connections, Inc.	66,907	$11,732,811
GS	Goldman Sachs Group Inc	11,628	$10,221,012
BDX	Becton Dickinson & Co	65,000	$9,917,102
WTW	Willis Towers Watson PLC	29,131	$9,572,446
WCC	Wesco International Inc	35,868	$8,774,747
HOOD	Robinhood Markets, Inc.	68,572	$7,755,493
SHW	Sherwin Williams Co	22,367	$7,247,579
WMT	Walmart Inc.	60,000	$6,684,600
ICE	Intercontinental Exchange, Inc.	40,000	$6,478,400
ELV	Elevance Health, Inc.	17,500	$6,134,625
COR	Cencora, Inc.	17,857	$6,031,201
SE	Sea Ltd	37,935	$4,839,367
RSG	Republic Services, Inc.	22,751	$4,821,619
LOW	Lowes Companies Inc	14,996	$3,616,435
EL	Estee Lauder Companies Inc	34,211	$3,582,575
ULTA	Ulta Beauty, Inc.	4,025	$2,435,165
APP	AppLovin Corp	3,483	$2,346,915
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

70 positions · $2,029,951,777 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 70 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	1,385,889	+533,125	$241,699,041	+52.0%	11.91%
MSFT	Microsoft Corp Technology	Added	501,263	+183,263	$185,552,524	+20.7%	9.14%
AMZN	Amazon Com Inc Consumer Cyclical	Added	810,357	+130,723	$168,773,052	+7.6%	8.31%
META	Meta Platforms, Inc. Communication Services	Added	219,743	+56,245	$125,721,562	+16.5%	6.19%
GOOGL	Alphabet Inc. Communication Services	Reduced	424,612	-55,844	$122,101,426	−18.8%	6.01%
AAPL	Apple Inc. Technology	Added	409,043	+116,909	$103,811,022	+30.7%	5.11%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	249,222	-63,007	$84,224,574	−11.2%	4.15%
AVGO	Broadcom Inc. Technology	Added	248,950	+29,693	$77,052,514	+1.5%	3.80%
MU	Micron Technology Inc Technology	Added	202,187	+101,129	$68,306,856	+136.8%	3.36%
GEV	GE Vernova Inc. Industrials	Added	58,048	+36,041	$50,670,099	+252.3%	2.50%
NFLX	Netflix Inc Communication Services	Added	467,711	+149,242	$44,970,412	+50.6%	2.22%
ORCL	Oracle Corp Technology	Added	276,544	+156,544	$40,682,387	+73.9%	2.00%
AGI	Alamos Gold Inc Basic Materials	Reduced	750,000	-450,000	$33,322,500	−28.0%	1.64%
LRCX	Lam Research Corp Technology	Added	151,334	+60,964	$32,334,022	+109.0%	1.59%
APH	Amphenol Corp /De/ Technology	Reduced	254,042	-34,267	$32,098,206	−17.6%	1.58%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	65,045	-18,037	$31,169,564	−25.4%	1.54%
MA	Mastercard Inc Financial Services	Reduced	57,069	-11,735	$28,515,096	−27.4%	1.40%
AMD	Advanced Micro Devices Inc Technology	NEW	137,183	NEW	$27,907,137	NEW	1.37%
BP	Bp PLC Energy	NEW	563,151	NEW	$26,468,097	NEW	1.30%
V	Visa Inc. Financial Services	Reduced	84,937	-41,697	$25,671,358	−42.2%	1.26%
LLY	ELI LILLY & Co Healthcare	Reduced	27,197	-20,198	$25,014,984	−50.9%	1.23%
CPAY	Corpay, Inc. Technology	Reduced	80,000	-40,000	$23,279,200	−35.5%	1.15%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	200,000	-228,975	$21,650,000	−49.5%	1.07%
UBER	Uber Technologies, Inc Technology	NEW	271,429	NEW	$19,523,887	NEW	0.96%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	90,000	+60,000	$19,492,200	+151.1%	0.96%
AEM	Agnico Eagle Mines Ltd Basic Materials	NEW	95,000	NEW	$19,283,100	NEW	0.95%
NOW	ServiceNow, Inc. Technology	Added	183,184	+120,684	$19,151,887	+100.0%	0.94%
IBM	International Business Machines Corp Technology	NEW	74,657	NEW	$18,096,110	NEW	0.89%
CRM	Salesforce, Inc. Technology	Reduced	90,608	-710	$16,913,795	−30.1%	0.83%
BSX	Boston Scientific Corp Healthcare	Reduced	254,250	-94,670	$15,954,187	−52.0%	0.79%
MCO	Moodys Corp /De/ Financial Services	Reduced	33,885	-4,479	$14,782,331	−24.6%	0.73%
ETN	Eaton Corp plc Industrials	Reduced	40,378	-16,056	$14,441,999	−19.7%	0.71%
ASML	Asml Holding NV Technology	Reduced	10,489	-3,011	$13,854,185	−4.1%	0.68%
PLD	Prologis, Inc. Real Estate	Reduced	104,148	-53,332	$13,766,282	−31.5%	0.68%
DHR	Danaher Corp /De/ Healthcare	NEW	69,057	NEW	$13,093,207	NEW	0.65%
AMAT	Applied Materials Inc /De Technology	NEW	36,882	NEW	$12,605,898	NEW	0.62%
INTU	Intuit Inc. Technology	NEW	27,804	NEW	$12,021,893	NEW	0.59%
KLAC	Kla Corp Technology	NEW	7,928	NEW	$11,673,266	NEW	0.58%
MPWR	Monolithic Power Systems Inc Technology	Added	10,640	+309	$11,633,244	+24.2%	0.57%
LNG	Cheniere Energy, Inc. Energy	Reduced	40,000	-15,000	$11,350,400	+6.2%	0.56%
SPGI	S&P Global Inc. Financial Services	Reduced	25,000	-10,000	$10,633,500	−41.9%	0.52%
UNH	Unitedhealth Group Inc Healthcare	Reduced	37,627	-30,481	$10,181,489	−54.7%	0.50%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	195,874	-378,812	$9,548,857	−69.8%	0.47%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	28,507	-16,725	$8,385,619	−42.5%	0.41%
EQT	EQT Corp Energy	Reduced	130,000	-230,000	$8,273,200	−57.1%	0.41%
ANET	Arista Networks, Inc. Technology	NEW	67,371	NEW	$8,271,811	NEW	0.41%
SPOT	Spotify Technology S.A. Communication Services	Reduced	16,508	-159	$8,004,894	−17.3%	0.39%
ALK	Alaska Air Group, Inc. Industrials	Reduced	200,000	-600,000	$7,356,000	−81.7%	0.36%
VRT	Vertiv Holdings Co Industrials	NEW	28,541	NEW	$7,151,803	NEW	0.35%
ABBV	AbbVie Inc. Healthcare	Reduced	32,184	-5,261	$6,999,698	−18.2%	0.34%