SAVA PENZISKO DRUSHTVO A.D. SKOPJE Concentrated Active

CIK: 0002094371 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $309,583 (100.0% shares, 0.0% debt)

Holdings (25)

New Positions (2)

CIBR FIRST TR EXCHANGE TRADED FD 4.5%

Value ($000) $13,918 Shares 194,800 Est. Cost $71.45 Unrealized —

XLU SELECT SECTOR SPDR TR 1.5%

Value ($000) $4,706 Shares 110,226 Est. Cost $42.69 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CIBR	FIRST TR EXCHANGE TRADED FD	194,800	$13,918	4.5%	$71.45	—	NASDAQ CYB ETF	33734X846
XLU	SELECT SECTOR SPDR TR	110,226	$4,706	1.5%	$42.69	—	STATE STREET UTI	81369Y886

Increased Positions (1)

XLC SELECT SECTOR SPDR TR 2.9%

Value ($000) $8,889 (+26.8%) Shares 75,510 (+27.5%) Est. Cost $118.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLC	SELECT SECTOR SPDR TR	75,510 (+27.5%)	$8,889 (+26.8%)	2.9%	$118.23	—	STATE STREET COM	81369Y852

Exited Positions (1)

XLUI SELECT SECTOR SPDR TR 1.6%

Value ($000) $4,806 Shares 55,113 Est. Cost $87.21 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLUI	SELECT SECTOR SPDR TR	55,113	$4,806	1.6%	$87.21	—	—	81369Y753

Decreased Positions (7)

IHAK ISHARES TR 1.8%

Value ($000) $5,657 (-66.1%) Shares 117,569 (-63.2%) Est. Cost $52.33 Unrealized —

NVDA NVIDIA CORPORATION 2.8%

Value ($000) $8,608 (-9.8%) Shares 46,155 (-9.8%) Est. Cost $174.29 Unrealized +6.8%

GDX VANECK ETF TRUST 4.2%

Value ($000) $12,872 (-6.4%) Shares 150,075 (-16.7%) Est. Cost $76.40 Unrealized —

GOOGL ALPHABET INC 2.6%

Value ($000) $7,910 (-9.6%) Shares 25,273 (-29.8%) Est. Cost $209.20 Unrealized +36.5%

IXN ISHARES TR 10.1%

Value ($000) $31,117 (-1.2%) Shares 296,349 (-2.9%) Est. Cost $103.21 Unrealized —

SOXX ISHARES TR 4.1%

Value ($000) $12,630 (+2.9%) Shares 41,940 (-7.4%) Est. Cost $271.12 Unrealized —

GOOG ALPHABET INC 2.6%

Value ($000) $7,937 (-0.6%) Shares 25,293 (-22.8%) Est. Cost $209.93 Unrealized +36.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IHAK	ISHARES TR	117,569 (-63.2%)	$5,657 (-66.1%)	1.8%	$52.33	—	CYBERSECURITY	46435U135
NVDA	NVIDIA CORPORATION	46,155 (-9.8%)	$8,608 (-9.8%)	2.8%	$174.29	+6.8%	COM	67066G104
GDX	VANECK ETF TRUST	150,075 (-16.7%)	$12,872 (-6.4%)	4.2%	$76.40	—	GOLD MINERS ETF	92189F106
GOOGL	ALPHABET INC	25,273 (-29.8%)	$7,910 (-9.6%)	2.6%	$209.20	+36.5%	CAP STK CL A	02079K305
IXN	ISHARES TR	296,349 (-2.9%)	$31,117 (-1.2%)	10.1%	$103.21	—	GLOBAL TECH ETF	464287291
SOXX	ISHARES TR	41,940 (-7.4%)	$12,630 (+2.9%)	4.1%	$271.12	—	ISHARES SEMICDTR	464287523
GOOG	ALPHABET INC	25,293 (-22.8%)	$7,937 (-0.6%)	2.6%	$209.93	+36.4%	CAP STK CL C	02079K107

Unchanged Positions (15)

XLV SELECT SECTOR SPDR TR 4.8%

Value ($000) $14,795 Shares 95,574 Est. Cost $139.17 Unrealized —

URTH ISHARES INC 12.2%

Value ($000) $37,618 Shares 202,500 Est. Cost $181.56 Unrealized —

IPAY AMPLIFY ETF TR 2.6%

Value ($000) $7,991 Shares 153,569 Est. Cost $57.10 Unrealized —

PYPL PAYPAL HLDGS INC 1.6%

Value ($000) $5,069 Shares 86,820 Est. Cost $70.32 Unrealized -7.8%

MSFT MICROSOFT CORP 2.6%

Value ($000) $8,057 Shares 16,659 Est. Cost $508.71 Unrealized -1.6%

EL LAUDER ESTEE COS INC 1.1%

Value ($000) $3,530 Shares 33,706 Est. Cost $88.48 Unrealized +9.4%

HON HONEYWELL INTL INC 2.0%

Value ($000) $6,254 Shares 32,058 Est. Cost $207.11 Unrealized -5.8%

AMZN AMAZON COM INC 3.3%

Value ($000) $10,100 Shares 43,756 Est. Cost $226.35 Unrealized +1.1%

ICLN ISHARES TR 2.7%

Value ($000) $8,296 Shares 504,936 Est. Cost $15.48 Unrealized —

FNCL FIDELITY COVINGTON TRUST 8.6%

Value ($000) $26,577 Shares 341,872 Est. Cost $76.34 Unrealized —

VPL VANGUARD INTL EQUITY INDEX F 5.1%

Value ($000) $15,931 Shares 176,230 Est. Cost $87.84 Unrealized —

AAPL APPLE INC 2.3%

Value ($000) $7,028 Shares 25,850 Est. Cost $225.58 Unrealized +19.0%

KOMP SPDR SERIES TRUST 3.2%

Value ($000) $9,905 Shares 165,825 Est. Cost $62.26 Unrealized —

IHI ISHARES TR 2.9%

Value ($000) $9,021 Shares 145,148 Est. Cost $60.08 Unrealized —

IJH ISHARES TR 8.1%

Value ($000) $25,167 Shares 381,324 Est. Cost $65.26 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLV	SELECT SECTOR SPDR TR	95,574	$14,795	4.8%	$139.17	—	STATE STREET HEA	81369Y209
URTH	ISHARES INC	202,500	$37,618	12.2%	$181.56	—	MSCI WORLD ETF	464286392
IPAY	AMPLIFY ETF TR	153,569	$7,991	2.6%	$57.10	—	AMPLIFY DGTL PAY	032108656
PYPL	PAYPAL HLDGS INC	86,820	$5,069	1.6%	$70.32	-7.8%	COM	70450Y103
MSFT	MICROSOFT CORP	16,659	$8,057	2.6%	$508.71	-1.6%	COM	594918104
EL	LAUDER ESTEE COS INC	33,706	$3,530	1.1%	$88.48	+9.4%	CL A	518439104
HON	HONEYWELL INTL INC	32,058	$6,254	2.0%	$207.11	-5.8%	COM	438516106
AMZN	AMAZON COM INC	43,756	$10,100	3.3%	$226.35	+1.1%	COM	023135106
ICLN	ISHARES TR	504,936	$8,296	2.7%	$15.48	—	GL CLEAN ENE ETF	464288224
FNCL	FIDELITY COVINGTON TRUST	341,872	$26,577	8.6%	$76.34	—	MSCI FINLS IDX	316092501
VPL	VANGUARD INTL EQUITY INDEX F	176,230	$15,931	5.1%	$87.84	—	FTSE PACIFIC ETF	922042866
AAPL	APPLE INC	25,850	$7,028	2.3%	$225.58	+19.0%	COM	037833100
KOMP	SPDR SERIES TRUST	165,825	$9,905	3.2%	$62.26	—	STATE STREET SPD	78468R648
IHI	ISHARES TR	145,148	$9,021	2.9%	$60.08	—	U.S. MED DVC ETF	464288810
IJH	ISHARES TR	381,324	$25,167	8.1%	$65.26	—	CORE S&P MCP ETF	464287507