<SEC-DOCUMENT>0002057421-25-000022.txt : 20250313 <SEC-HEADER>0002057421-25-000022.hdr.sgml : 20250313 <ACCEPTANCE-DATETIME>20250313104224 ACCESSION NUMBER: 0002057421-25-000022 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20250313 DATE AS OF CHANGE: 20250313 EFFECTIVENESS DATE: 20250313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: General Pension Society PZU Joint Stock Co CENTRAL INDEX KEY: 0002057421 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: R9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-25447 FILM NUMBER: 25734248 BUSINESS ADDRESS: STREET 1: RONDO IGNACEGO DASZYNSKIEGO 4 CITY: WARSAW STATE: R9 ZIP: 00-843 BUSINESS PHONE: 01148605783446 MAIL ADDRESS: STREET 1: RONDO IGNACEGO DASZYNSKIEGO 4 CITY: WARSAW STATE: R9 ZIP: 00-843 </SEC-HEADER> <DOCUMENT> <TYPE>13F-HR <SEQUENCE>1 <FILENAME>primary_doc.xml <TEXT> <XML> <?xml version="1.0" encoding="UTF-8"?> <edgarSubmission xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:com="http://www.sec.gov/edgar/common"> <schemaVersion>X0202</schemaVersion> <headerData> <submissionType>13F-HR</submissionType> <filerInfo> <liveTestFlag>LIVE</liveTestFlag> <flags> <confirmingCopyFlag>false</confirmingCopyFlag> <returnCopyFlag>false</returnCopyFlag> <overrideInternetFlag>false</overrideInternetFlag> </flags> <filer> <credentials> <cik>0002057421</cik> <ccc>XXXXXXXX</ccc> </credentials> </filer> <periodOfReport>12-31-2020</periodOfReport> </filerInfo> </headerData> <formData> <coverPage> <reportCalendarOrQuarter>12-31-2020</reportCalendarOrQuarter> <filingManager> <name>General Pension Society PZU Joint Stock Co</name> <address> <com:street1>RONDO IGNACEGO DASZYNSKIEGO 4</com:street1> <com:city>WARSAW</com:city> <com:stateOrCountry>R9</com:stateOrCountry> <com:zipCode>00-843</com:zipCode> </address> </filingManager> <reportType>13F HOLDINGS REPORT</reportType> <form13FFileNumber>028-25447</form13FFileNumber> <provideInfoForInstruction5>N</provideInfoForInstruction5> </coverPage> <signatureBlock> <name>Andrzej Soldek</name> <title>Chief Executive Officer</title> <phone>01148605783446</phone> <signature>Andrzej Soldek</signature> <city>Warszawa</city> <stateOrCountry>R9</stateOrCountry> <signatureDate>03-10-2025</signatureDate> </signatureBlock> <summaryPage> <otherIncludedManagersCount>0</otherIncludedManagersCount> <tableEntryTotal>15</tableEntryTotal> <tableValueTotal>302009216</tableValueTotal> <isConfidentialOmitted>false</isConfidentialOmitted> </summaryPage> </formData> </edgarSubmission> </XML> </TEXT> </DOCUMENT> <DOCUMENT> <TYPE>INFORMATION TABLE <SEQUENCE>2 <FILENAME>PTE_PZU_2020q4.xml <DESCRIPTION>INFORMATION TABLE <TEXT> <XML> <?xml version="1.0" encoding="UTF-8" standalone="yes"?> <ns1:informationTable xmlns:ns1="http://www.sec.gov/edgar/document/thirteenf/informationtable"> <ns1:infoTable> <ns1:nameOfIssuer>AFFIMED NV</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>N01045108</ns1:cusip> <ns1:value>37830</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>6500</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>6500</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>ALPHABET INC</ns1:nameOfIssuer> <ns1:titleOfClass>CAP STK CL A</ns1:titleOfClass> <ns1:cusip>02079K305</ns1:cusip> <ns1:value>31862995</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>18180</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>18180</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>ALPHABET INC</ns1:nameOfIssuer> <ns1:titleOfClass>CAP STK CL C</ns1:titleOfClass> <ns1:cusip>02079K107</ns1:cusip> <ns1:value>31947284</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>18236</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>18236</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>BK OF AMERICA CORP</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>060505104</ns1:cusip> <ns1:value>24093298</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>794896</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>794896</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>FEDEX CORP</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>31428X106</ns1:cusip> <ns1:value>20432094</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>78700</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>78700</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>FREEPORT-MCMORAN INC</ns1:nameOfIssuer> <ns1:titleOfClass>CL B</ns1:titleOfClass> <ns1:cusip>35671D857</ns1:cusip> <ns1:value>53887082</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>2070987</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>2070987</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>GENERAL MTRS CO</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>37045V100</ns1:cusip> <ns1:value>29955816</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>719400</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>719400</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>HP INC</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>40434L105</ns1:cusip> <ns1:value>7234378</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>294200</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>294200</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>HEWLETT PACKARD ENTERPRISE C</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>42824C109</ns1:cusip> <ns1:value>2435175</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>205500</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>205500</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>INTEL CORP</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>458140100</ns1:cusip> <ns1:value>7722100</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>155000</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>155000</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>MORGAN STANLEY</ns1:nameOfIssuer> <ns1:titleOfClass>COM NEW</ns1:titleOfClass> <ns1:cusip>617446448</ns1:cusip> <ns1:value>8523008</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>124369</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>124369</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>NIKE INC</ns1:nameOfIssuer> <ns1:titleOfClass>CL B</ns1:titleOfClass> <ns1:cusip>654106103</ns1:cusip> <ns1:value>18437785</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>130330</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>130330</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>PAYPAL HLDGS INC</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>70450Y103</ns1:cusip> <ns1:value>31879772</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>136122</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>136122</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>RAYTHEON TECHNOLOGIES CORP</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>75513E101</ns1:cusip> <ns1:value>9589992</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>134107</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>134107</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> <ns1:infoTable> <ns1:nameOfIssuer>SOUTHERN COPPER CORP</ns1:nameOfIssuer> <ns1:titleOfClass>COM</ns1:titleOfClass> <ns1:cusip>84265V105</ns1:cusip> <ns1:value>23970607</ns1:value> <ns1:shrsOrPrnAmt> <ns1:sshPrnamt>368099</ns1:sshPrnamt> <ns1:sshPrnamtType>SH</ns1:sshPrnamtType> </ns1:shrsOrPrnAmt> <ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion> <ns1:votingAuthority> <ns1:Sole>368099</ns1:Sole> <ns1:Shared>0</ns1:Shared> <ns1:None>0</ns1:None> </ns1:votingAuthority> </ns1:infoTable> </ns1:informationTable> </XML> </TEXT> </DOCUMENT> </SEC-DOCUMENT>