Allianz Investment Management U.S. LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Allianz Investment Management U.S. LLC reported 65 stock positions worth $2.7 billion. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 49.2% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 32.7%) and Vanguard Long-Term Corp. Bond (VCLT, 7.0%). Compared with Q2 2025, it opened 2 new positions, added to 1 and reduced 19. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +39%) and the biggest sale Allizim BUF15 Uncpd Aloc ETF (SPBU, shares −57%).

Most Recent 13F
Q3 2025
Location
Minneapolis, MN
CIK
0001860935
Portfolio Value
$2.7B (Q3 2025)
SEC Filing
0001193125-25-269571 ↗ filed Nov 6, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.8B Q1 2025 Q2 2025: $2.3B Q2 2025 Q3 2025: $2.7B $2.7B Q3 2025

Holdings 65 stocks · $2.7B
JAAA Janus Henderson Aaa Clo ETF 49.18% 25,923,332 $1.3B Add +38.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 32.74% 7,862,205 $876.4M No change
VCLT Vanguard Long-Term Corp. Bond 7.01% 2,416,012 $187.6M No change
IGLB iShares 10+ Year Inv GR Corp. 3.12% 1,622,000 $83.6M No change
VWOB Vanguard Emerg MKTS Gov BND 0.94% 377,100 $25.2M No change
EMNT PIMCO Enhcd St M-Active ESG 0.92% 249,000 $24.6M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.91% 300,000 $24.4M No change
OWNS CCM Affordable Hous MBS ETF 0.81% 1,248,751 $21.7M No change
PRFD PIMCO Pref and Cap Sec Act 0.70% 360,000 $18.6M No change
SPBX Allianzim 6M BUFFER10 Alloc 0.46% 463,040 $12.4M Reduce -15.9%
SPBW Allianzim BUFFER20 Alloc 0.37% 372,080 $10.0M Reduce -29.7%
ANGL Vaneck Fallen Angel High YLD 0.28% 248,042 $7.4M No change
SPBU Allizim BUF15 Uncpd Aloc ETF 0.24% 230,632 $6.4M Reduce -57.3%
SPIB SS SPDR P Int C Corp. ETF 0.22% 174,122 $5.9M No change
MARU Allianzim US BF15 Uncap Mar 0.20% 192,200 $5.3M Reduce -3.8%
AIOO Allianzim US Eq BUFFER100 0.18% 192,041 $4.9M New
QBSF Allianzim US Eq BUFFER15 0.18% 189,541 $4.9M New
SEPU Allianzim US BF15 Uncap Sep 0.14% 130,984 $3.7M Reduce -30.5%
FEBU Allianzim US BF15 Uncap Feb 0.14% 136,564 $3.7M Reduce -31.4%
NVBU Allianzim US BF15 Uncap Nov 0.13% 127,275 $3.6M Reduce -15.6%
MAYU Allianzim US BF15 Uncap May 0.12% 104,780 $3.2M Reduce -12.5%
FLAO Allianzim US 6M FL5 Apr-Oct 0.12% 112,280 $3.1M Reduce -8.2%
AUGU Allianzim US BF15 Uncap Aug 0.11% 102,280 $3.0M Reduce -35.0%
JNEU Allianzim US BF15 Uncap Jun 0.10% 85,100 $2.5M Reduce -22.7%
JANU Allianzim US BF15 Uncap Jan 0.10% 92,041 $2.5M Reduce -43.2%
OCTU Allianzim US BF15 Uncap Oct 0.09% 86,146 $2.4M Reduce -43.0%
IGSB iShares 1-5Y Inv Grade Corp. 0.07% 33,144 $1.8M No change
ARLU Allianzim US BF15 Uncap Apr 0.06% 49,860 $1.5M Reduce -50.1%
SIXZ Allian US Equ 6 Mon BU10-Usd 0.04% 35,780 $1.0M Reduce -12.3%
MINT PIMCO Enhanced Short Maturit 0.04% 9,838 $991K No change
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.04% 9,977 $955K No change
CORP PIMCO Inv Grade Corp. BD ETF 0.03% 9,000 $888K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.03% 14,597 $790K Reduce -25.5%
FLJJ Allianzim US 6M FLR5 Jan-Jul 0.01% 8,511 $266K Reduce -82.5%
OCTT All US Equ BUF10 Oct ETF-Usd 0.01% 5,000 $213K No change
APRT Allianzim US Eq BFFR10 Ap-US 0.01% 5,000 $204K No change
JULW Alianzim US Eq BFR20 Jul-Usd 0.01% 5,000 $192K No change
OCTW Alianzim US Eq BFR20 Oct-Usd 0.01% 5,000 $192K No change
MART Allianzim US Eq BFFR10 Mr-US 0.01% 5,000 $189K No change
FEBT Allianzim US Eq BFFR10 FB-US 0.01% 5,000 $185K No change
NVBT All US Equ BUF10 Nov ETF-Usd 0.01% 5,000 $181K No change
MAYT All US Equ BUF10 May ETF-Usd 0.01% 5,000 $181K No change
JUNT Allianzim US Eq BFFR10 JN-US 0.01% 5,000 $178K No change
DECT Allianzim US Eq BFFR10 DC-US 0.01% 5,000 $177K No change
AUGT Allianzim US Eq BFFR10 AG-US 0.01% 5,000 $174K No change
SEPT All US Equ BUF10 Sep ETF-Usd 0.01% 5,000 $172K No change
SIXO Allian US Equ 6 Mon BU10-Usd 0.01% 5,000 $170K No change
MARW Alianzim US Eq BFR20 Mar-Usd 0.01% 5,000 $168K No change
SIXJ Allian US Equ 6 Mon BU10-Usd 0.01% 5,000 $167K No change
NVBW Alnzim US Eqt BFR2 No Et-Usd 0.01% 5,000 $166K No change
FEBW Alianzim US Eq BFR20 Feb-Usd 0.01% 5,000 $166K No change
DECW Alianzim US Eq BFR20 Dec-Usd 0.01% 5,000 $165K No change
MAYW Alianzim US Eq BFR20 May-Usd 0.01% 5,000 $165K No change
JUNW Alianzim US Eq BFR20 Jun-Usd 0.01% 5,000 $164K No change
AUGW Alianzim US Eq BFR20 Aug-Usd 0.01% 5,000 $160K No change
SEPW Alianzim US Eq BFR20 Sep-Usd 0.01% 5,000 $157K No change
SIXF Allian US Equ 6 Mon BU10-Usd 0.01% 5,000 $155K No change
SIXP Allian US Equ 6 Mon BU10-Usd 0.01% 5,000 $154K No change
JULU Allianzim US BF15 Uncap Jul 0.01% 5,000 $146K Reduce -94.7%
SIXD Allian US Equ 6 Mon BU10-Usd 0.01% 5,000 $142K No change
APRW Allinzim US Eq BFR20 Apr-Usd 0.01% 4,000 $137K No change
DECU Allianzim US BF15 Uncap Dec 0.01% 5,000 $134K Reduce -97.4%
JANT Allianzim US Eq BFFR10 JN-US 0.00% 2,500 $99K No change
JANW Alianzim US Eq BFR20 Jan-Usd 0.00% 2,500 $90K No change
JULT All US Equ BUF10 Jul ETF-Usd 0.00% 1,310 $57K No change

Portfolio Sells Q2 2025 → Q3 2025
SPBU Allizim BUF15 Uncpd Aloc ETF Reduce -57.3% 0.24% −0.37
SPBW Allianzim BUFFER20 Alloc Reduce -29.7% 0.37% −0.22
DECU Allianzim US BF15 Uncap Dec Reduce -97.4% 0.01% −0.21
SPBX Allianzim 6M BUFFER10 Alloc Reduce -15.9% 0.46% −0.15
JULU Allianzim US BF15 Uncap Jul Reduce -94.7% 0.01% −0.11
JANU Allianzim US BF15 Uncap Jan Reduce -43.2% 0.10% −0.09
FEBU Allianzim US BF15 Uncap Feb Reduce -31.4% 0.14% −0.08
OCTU Allianzim US BF15 Uncap Oct Reduce -43.0% 0.09% −0.08
SEPU Allianzim US BF15 Uncap Sep Reduce -30.5% 0.14% −0.08
AUGU Allianzim US BF15 Uncap Aug Reduce -35.0% 0.11% −0.07
ARLU Allianzim US BF15 Uncap Apr Reduce -50.1% 0.06% −0.07
FLJJ Allianzim US 6M FLR5 Jan-Jul Reduce -82.5% 0.01% −0.05
NVBU Allianzim US BF15 Uncap Nov Reduce -15.6% 0.13% −0.04
JNEU Allianzim US BF15 Uncap Jun Reduce -22.7% 0.10% −0.04
MAYU Allianzim US BF15 Uncap May Reduce -12.5% 0.12% −0.03
FLAO Allianzim US 6M FL5 Apr-Oct Reduce -8.2% 0.12% −0.03
MARU Allianzim US BF15 Uncap Mar Reduce -3.8% 0.20% −0.03
IGIB iShares 5-10Y Inv Grade Corp. Reduce -25.5% 0.03% −0.02
SIXZ Allian US Equ 6 Mon BU10-Usd Reduce -12.3% 0.04% −0.01

Portfolio Buys Q2 2025 → Q3 2025
JAAA Janus Henderson Aaa Clo ETF Add +38.5% 49.18% +8.06
AIOO Allianzim US Eq BUFFER100 New 0.18% +0.18
QBSF Allianzim US Eq BUFFER15 New 0.18% +0.18

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 65$2.7BJAAA, LQD, VCLT, IGLB, VWOB
Q2 2025 63$2.3BJAAA, LQD, VCLT, IGLB, VWOB
Q1 2025 63$1.8BLQD, JAAA, VCLT, IGLB, EMNT
Q4 2024 55$1.4BLQD, VCLT, IGLB, EMNT, VWOB
Q3 2024 50$1.5BLQD, VCLT, IGLB, VWOB, EMNT
Q2 2024Amended 47$1.6BLQD, VCLT, IGLB, EMNT, VWOB
Q1 2024 41$1.6BLQD, VCLT, IGLB, EMNT, VWOB