Filed: 11/12/2025ACC: 0002094371-25-000002
📋 What this filing means
SAVA PENZISKO DRUSHTVO A.D. SKOPJE filed this quarterly 13F‑HR report disclosing 24 equity positions with a total reported market value of $304.86M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
24
Positions
$304.86M
Total AUM (reported)
3.49M
Total Shares
Allocation by class
COM$46.93M15.4%
MSCI WORLD ETF$36.77M12.1%
GLOBAL TECH ETF$31.50M10.3%
MSCI FINLS IDX$26.10M8.6%
CORE S&P MCP ETF$24.89M8.2%
CYBERSECURITY$16.71M5.5%
FTSE PACIFIC ETF$15.48M5.1%
Portfolio Concentration
Top 3$94.37M31.0%
4–10$106.73M35.0%
11–25$103.76M34.0%
Top 3 weight
31.0%
Top 10 weight
66.0%
Voting Authority Distribution
Total shares with voting rights: 3.49M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.49M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole24
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings24
Rows:
ISHARES TR
SOLEShares202.50K
TypeSH
Market value$36.77M
12.06%
Sole
0.00
Shared
0.00
None
202.50K
ISHARES TR
SOLEShares305.24K
TypeSH
Market value$31.50M
10.33%
Sole
0.00
Shared
0.00
None
305.24K
FIDELITY COVINGTON TRUST
SOLEShares341.87K
TypeSH
Market value$26.10M
8.56%
Sole
0.00
Shared
0.00
None
341.87K
ISHARES TR
SOLEShares381.32K
TypeSH
Market value$24.89M
8.16%
Sole
0.00
Shared
0.00
None
381.32K
ISHARES TR
SOLEShares319.30K
TypeSH
Market value$16.71M
5.48%
Sole
0.00
Shared
0.00
None
319.30K
VANGUARD INTL EQUITY INDEX F
SOLEShares176.23K
TypeSH
Market value$15.48M
5.08%
Sole
0.00
Shared
0.00
None
176.23K
VANECK ETF TRUST
SOLEShares180.07K
TypeSH
Market value$13.76M
4.51%
Sole
0.00
Shared
0.00
None
180.07K
SELECT SECTOR SPDR TR
SOLEShares95.57K
TypeSH
Market value$13.30M
4.36%
Sole
0.00
Shared
0.00
None
95.57K
ISHARES TR
SOLEShares45.27K
TypeSH
Market value$12.27M
4.03%
Sole
0.00
Shared
0.00
None
45.27K
SPDR SERIES TRUST
SOLEShares165.82K
TypeSH
Market value$10.32M
3.39%
Sole
0.00
Shared
0.00
None
165.82K
AMAZON COM INC
SOLEShares43.76K
TypeSH
Market value$9.61M
3.15%
Sole
0.00
Shared
0.00
None
43.76K
NVIDIA CORPORATION
SOLEShares51.16K
TypeSH
Market value$9.55M
3.13%
Sole
0.00
Shared
0.00
None
51.16K
AMPLIFY ETF TR
SOLEShares153.57K
TypeSH
Market value$8.77M
2.88%
Sole
0.00
Shared
0.00
None
153.57K
ALPHABET INC
SOLEShares36.01K
TypeSH
Market value$8.76M
2.87%
Sole
0.00
Shared
0.00
None
36.01K
ISHARES TR
SOLEShares145.15K
TypeSH
Market value$8.72M
2.86%
Sole
0.00
Shared
0.00
None
145.15K
MICROSOFT CORP
SOLEShares16.66K
TypeSH
Market value$8.63M
2.83%
Sole
0.00
Shared
0.00
None
16.66K
ALPHABET INC
SOLEShares32.78K
TypeSH
Market value$7.98M
2.62%
Sole
0.00
Shared
0.00
None
32.78K
ISHARES TR
SOLEShares504.94K
TypeSH
Market value$7.82M
2.56%
Sole
0.00
Shared
0.00
None
504.94K
SELECT SECTOR SPDR TR
SOLEShares59.21K
TypeSH
Market value$7.01M
2.30%
Sole
0.00
Shared
0.00
None
59.21K
HONEYWELL INTL INC
SOLEShares32.06K
TypeSH
Market value$6.75M
2.21%
Sole
0.00
Shared
0.00
None
32.06K
APPLE INC
SOLEShares25.85K
TypeSH
Market value$6.58M
2.16%
Sole
0.00
Shared
0.00
None
25.85K
PAYPAL HLDGS INC
SOLEShares86.82K
TypeSH
Market value$5.82M
1.91%
Sole
0.00
Shared
0.00
None
86.82K
SELECT SECTOR SPDR TR
SOLEShares55.11K
TypeSH
Market value$4.81M
1.58%
Sole
0.00
Shared
0.00
None
55.11K
LAUDER ESTEE COS INC
SOLEShares33.71K
TypeSH
Market value$2.97M
0.97%
Sole
0.00
Shared
0.00
None
33.71K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | MSCI WORLD ETF | 202.50K | SH | $36.77M 12.06% | 0.00 | 0.00 | 202.50K |
ISHARES TRSOLE | GLOBAL TECH ETF | 305.24K | SH | $31.50M 10.33% | 0.00 | 0.00 | 305.24K |
FIDELITY COVINGTON TRUSTSOLE | MSCI FINLS IDX | 341.87K | SH | $26.10M 8.56% | 0.00 | 0.00 | 341.87K |
ISHARES TRSOLE | CORE S&P MCP ETF | 381.32K | SH | $24.89M 8.16% | 0.00 | 0.00 | 381.32K |
ISHARES TRSOLE | CYBERSECURITY | 319.30K | SH | $16.71M 5.48% | 0.00 | 0.00 | 319.30K |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE PACIFIC ETF | 176.23K | SH | $15.48M 5.08% | 0.00 | 0.00 | 176.23K |
VANECK ETF TRUSTSOLE | GOLD MINERS ETF | 180.07K | SH | $13.76M 4.51% | 0.00 | 0.00 | 180.07K |
SELECT SECTOR SPDR TRSOLE | SBI HEALTHCARE | 95.57K | SH | $13.30M 4.36% | 0.00 | 0.00 | 95.57K |
ISHARES TRSOLE | ISHARES SEMICDTR | 45.27K | SH | $12.27M 4.03% | 0.00 | 0.00 | 45.27K |
SPDR SERIES TRUSTSOLE | S&P KENSHO NEW | 165.82K | SH | $10.32M 3.39% | 0.00 | 0.00 | 165.82K |
AMAZON COM INCSOLE | COM | 43.76K | SH | $9.61M 3.15% | 0.00 | 0.00 | 43.76K |
NVIDIA CORPORATIONSOLE | COM | 51.16K | SH | $9.55M 3.13% | 0.00 | 0.00 | 51.16K |
AMPLIFY ETF TRSOLE | AMPLIFY DGTL PAY | 153.57K | SH | $8.77M 2.88% | 0.00 | 0.00 | 153.57K |
ALPHABET INCSOLE | CAP STK CL A | 36.01K | SH | $8.76M 2.87% | 0.00 | 0.00 | 36.01K |
ISHARES TRSOLE | U.S. MED DVC ETF | 145.15K | SH | $8.72M 2.86% | 0.00 | 0.00 | 145.15K |
MICROSOFT CORPSOLE | COM | 16.66K | SH | $8.63M 2.83% | 0.00 | 0.00 | 16.66K |
ALPHABET INCSOLE | CAP STK CL C | 32.78K | SH | $7.98M 2.62% | 0.00 | 0.00 | 32.78K |
ISHARES TRSOLE | GL CLEAN ENE ETF | 504.94K | SH | $7.82M 2.56% | 0.00 | 0.00 | 504.94K |
SELECT SECTOR SPDR TRSOLE | COMMUNICATION | 59.21K | SH | $7.01M 2.30% | 0.00 | 0.00 | 59.21K |
HONEYWELL INTL INCSOLE | COM | 32.06K | SH | $6.75M 2.21% | 0.00 | 0.00 | 32.06K |
APPLE INCSOLE | COM | 25.85K | SH | $6.58M 2.16% | 0.00 | 0.00 | 25.85K |
PAYPAL HLDGS INCSOLE | COM | 86.82K | SH | $5.82M 1.91% | 0.00 | 0.00 | 86.82K |
SELECT SECTOR SPDR TRSOLE | THE UTILITIES SE | 55.11K | SH | $4.81M 1.58% | 0.00 | 0.00 | 55.11K |
LAUDER ESTEE COS INCSOLE | CL A | 33.71K | SH | $2.97M 0.97% | 0.00 | 0.00 | 33.71K |