SAVA PENZISKO DRUSHTVO A.D. SKOPJE

Est. AUM

$327.5M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	ISHARES INC	MSCI WORLD ETF	$36.5M	202500	11.13%	SOLE
2	ISHARES TR	CORE S&P MCP ETF	$30.9M	458174	9.45%	SOLE
3	ISHARES TR	GLOBAL TECH ETF	$29.6M	296349	9.05%	SOLE
4	FIDELITY COVINGTON TRUST	MSCI FINLS IDX	$24.0M	341872	7.33%	SOLE
5	VANGUARD INTL EQUITY INDEX F	FTSE PACIFIC ETF	$17.2M	176230	5.26%	SOLE
6	VANECK ETF TRUST	GOLD MINERS ETF	$16.4M	178205	4.99%	SOLE
7	SELECT SECTOR SPDR TR	STATE STREET HEA	$15.2M	103514	4.63%	SOLE
8	FIRST TR EXCHANGE TRADED FD	NASDAQ CYB ETF	$14.4M	229770	4.40%	SOLE
9	ISHARES TR	ISHARES SEMICDTR	$13.8M	42000	4.22%	SOLE
10	AMAZON COM INC	COM	$11.5M	55086	3.50%	SOLE
11	SELECT SECTOR SPDR TR	STATE STREET COM	$11.3M	101950	3.45%	SOLE
12	MICROSOFT CORP	COM	$10.5M	28451	3.22%	SOLE
13	ISHARES TR	U.S. MED DVC ETF	$9.7M	182281	2.97%	SOLE
14	SPDR SERIES TRUST	STATE STREET SPD	$9.7M	165825	2.96%	SOLE
15	ISHARES TR	GL CLEAN ENE ETF	$9.2M	504936	2.82%	SOLE
16	NVIDIA CORPORATION	COM	$9.0M	51575	2.75%	SOLE
17	AMPLIFY ETF TR	AMPLIFY DGTL PAY	$8.5M	198379	2.59%	SOLE
18	ALPHABET INC	CAP STK CL A	$7.3M	25273	2.22%	SOLE
19	ALPHABET INC	CAP STK CL C	$7.3M	25293	2.22%	SOLE
20	HONEYWELL INTL INC	COM	$7.2M	32058	2.21%	SOLE
21	APPLE INC	COM	$6.6M	25850	2.00%	SOLE
22	CHENIERE ENERGY INC	COM NEW	$5.4M	18960	1.64%	SOLE
23	SELECT SECTOR SPDR TR	STATE STREET UTI	$5.1M	110226	1.54%	SOLE
24	PAYPAL HLDGS INC	COM	$5.0M	111360	1.54%	SOLE
25	LAUDER ESTEE COS INC	CL A	$4.5M	62396	1.37%	SOLE
26	GLOBAL X FDS	GLOBAL X COPPER	$1.8M	23100	0.54%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.