Allianz SE

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed May 12, 2025), Allianz SE reported 453 stock positions worth $3.4 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 21.8% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Apple (AAPL, 3.8%). Compared with Q1 2024, it opened 38 new positions, sold out of 38, added to 121 and reduced 123. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale an exit from SS Energy Select Sector (XLE).

Most Recent 13F
Q2 2026
Location
Munich, 2M
CIK
0001127508
Portfolio Value
$3.4B (Q2 2024)
SEC Filing
0000950123-25-004614 ↗ filed May 12, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $3.2B Q1 2024 Q2 2024: $3.4B $3.4B Q2 2024 Q3 2024: $3.7B Q3 2024 Q4 2024: $3.8B Q4 2024 Q1 2025: $3.7B Q1 2025 Q2 2025: $4.2B Q2 2025 Q3 2025: $4.7B Q3 2025 Q4 2025: $7.8B Q4 2025 Q1 2026: $9.0B Q1 2026 Q2 2026: $9.5B Q2 2026

Holdings 453 stocks · $3.4B
IVV iShares Core S&P 500 ETF 21.76% 1,353,030 $740.4M Add +4.0%
MSFT Microsoft Corp. 4.29% 326,752 $146.0M Add +0.3%
AAPL Apple Inc. 3.82% 617,365 $130.0M Add +1.3%
NVDA Nvidia Corp. 3.29% 905,885 $111.9M Reduce -0.5%
AMZN Amazon.com Inc. 2.87% 505,824 $97.8M Reduce -0.0%
GOOGL Alphabet Inc. Class A 2.37% 442,271 $80.6M Reduce -1.8%
NEM Newmont Corp. 1.82% 1,475,881 $61.8M Add +1.4%
ACWI iShares MSCI Acwi ETF 1.71% 516,716 $58.1M Add +1.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.59% 99,637 $54.2M Add +27.6%
JPM JPMorgan Chase & Co. 1.45% 244,411 $49.4M Add +1.7%
VOO Vanguard S&P 500 ETF 1.44% 98,122 $49.1M No change
GOOG Alphabet Inc. Class C 1.42% 263,559 $48.4M Reduce -0.1%
META Meta Platforms Inc. Class A 1.38% 93,130 $47.0M Add +1.1%
AXP American Express Co. 1.35% 198,645 $46.0M Reduce -0.1%
EZU iShares MSCI Eurozone ETF 1.31% 912,618 $44.6M Add +1.4%
IAU iShares Gold Trust 1.26% 977,150 $42.9M Add +3.8%
B Barrick Gold Corp. 1.06% 2,166,779 $36.1M Add +2.2%
MA Mastercard Inc. Class A 1.04% 80,155 $35.4M Reduce -0.0%
LLY Eli Lilly & Co. 0.95% 35,650 $32.3M Reduce -2.8%
QQQ Invesco QQQ Trust Series 1 0.89% 62,950 $30.2M Add +21.6%
V Visa Inc. Class A 0.89% 114,741 $30.1M No change
LIN Linde PLC 0.84% 64,771 $28.4M No change
PM Philip Morris International 0.77% 257,751 $26.1M Add +0.1%
UNH Unitedhealth Group Inc. 0.71% 47,716 $24.3M Reduce -2.5%
USMV iShares MSCI USA Min Vol Fac 0.71% 288,295 $24.2M No change
XOM Exxon Mobil Corp. 0.67% 199,132 $22.9M Add +36.9%
BRK.B Berkshire Hathaway Inc. Class B 0.67% 56,128 $22.8M Add +0.3%
SHY iShares 1-3 Year Treasury Bo 0.64% 268,376 $21.9M Add +6.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.61% 210,560 $20.9M Add +1.2%
PFE Pfizer Inc. 0.60% 730,526 $20.4M Reduce -0.1%
TSLA Tesla Inc. 0.58% 100,068 $19.8M Add +7.4%
COST Costco Wholesale Corp. 0.57% 22,969 $19.5M Add +2.7%
FDX FedEx Corp. 0.57% 64,458 $19.3M No change
CRBN Ish Low Car Opt Ms Ac ETF-US 0.56% 104,015 $19.1M Reduce -0.9%
JNJ Johnson & Johnson 0.53% 124,444 $18.2M Reduce -2.8%
PG The Procter & Gamble Co. 0.51% 104,763 $17.3M Add +0.1%
MCD McDonald's Corp. 0.48% 64,097 $16.3M Reduce -1.4%
CAT Caterpillar Inc. 0.46% 47,484 $15.8M Reduce -9.8%
XLK SS Technology Select Sector 0.46% 68,455 $15.5M No change
MRK Merck & Co. Inc. 0.45% 123,340 $15.3M Reduce -4.7%
GXC State Street SPDR S&P China 0.44% 218,161 $14.9M No change
ORCL Oracle Corp. 0.42% 100,874 $14.2M Reduce -0.6%
EEM iShares MSCI Emerging Market 0.41% 329,926 $14.1M Add +5.4%
ABBV Abbvie Inc. 0.40% 79,513 $13.6M Reduce -4.7%
NFLX Netflix Inc. 0.40% 20,128 $13.6M Reduce -8.1%
VB Vanguard Most SM-Cap ETF-Usd 0.40% 62,054 $13.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.39% 332,003 $13.2M Reduce -0.2%
ADBE Adobe Inc. 0.39% 23,709 $13.2M Reduce -9.9%
SPYX SS SPDR S&P 500 Foss FL ETF 0.38% 293,508 $13.1M No change
NEE Nextera Energy Inc. 0.38% 182,490 $12.9M Add +7.6%
CRM Salesforce Inc. 0.37% 49,458 $12.7M Reduce -7.5%
BKNG Booking Holdings Inc. 0.37% 3,182 $12.6M No change
QCOM Qualcomm Inc. 0.37% 62,705 $12.5M Reduce -12.5%
UNP Union Pacific Corp. 0.37% 54,922 $12.4M Add +5.5%
TT Trane Technologies PLC 0.35% 36,513 $12.0M No change
CSCO Cisco Systems Inc. 0.35% 247,551 $11.8M Reduce -12.2%
AMGN Amgen Inc. 0.34% 37,546 $11.7M Reduce -8.3%
HD Home Depot Inc. 0.34% 34,035 $11.7M No change
VRTX Vertex Pharmaceuticals Inc. 0.33% 24,312 $11.4M Reduce -6.4%
NKE Nike Inc. Class B 0.33% 147,100 $11.1M Add +16.1%
KO The Coca-Cola Co. 0.32% 170,777 $10.9M Reduce -25.6%
XLV SS Health Care Select Sector 0.31% 73,371 $10.7M No change
UBER Uber Technologies Inc. 0.31% 145,483 $10.6M Add +80.1%
PLD Prologis Inc. 0.30% 91,858 $10.3M Reduce -5.5%
ADI Analog Devices Inc. 0.30% 45,083 $10.3M Reduce -5.6%
EMR Emerson Electric Co. 0.30% 92,242 $10.2M Add +9.4%
CVX Chevron Corp. 0.30% 64,233 $10.0M Add +11.8%
GS Goldman Sachs Group Inc. 0.29% 22,184 $10.0M Add +17.0%
INTC Intel Corp. 0.29% 316,649 $9.8M Reduce -6.6%
INTU Intuit Inc. 0.29% 14,867 $9.8M Reduce -11.7%
VFH Vanguard Financials ETF 0.29% 97,714 $9.8M No change
BKF iShares MSCI Bic ETF 0.28% 267,877 $9.6M Add +3.3%
RING iShares MSCI Global Gold Min 0.28% 347,478 $9.6M Reduce -30.2%
DHR Danaher Corp. 0.28% 37,485 $9.4M Add +9.3%
SRE Sempra 0.27% 121,190 $9.2M Add +33.9%
PPA Invesco Aerospace & Defense 0.27% 89,344 $9.2M New
CL Colgate-Palmolive Co. 0.27% 93,684 $9.1M No change
UPS United Parcel Service Class B 0.27% 66,329 $9.1M Reduce -0.0%
CB Chubb Ltd. 0.27% 35,520 $9.1M Add +9.5%
TMUS T-Mobile US Inc. 0.26% 50,885 $9.0M Reduce -2.9%
ACN Accenture PLC Class A 0.26% 29,228 $8.9M Reduce -13.8%
FXI iShares China Large-Cap ETF 0.26% 339,812 $8.8M Add +5.6%
CI The Cigna Group 0.25% 26,005 $8.6M Reduce -7.6%
VWO Vanguard Ftse Emerging Marke 0.25% 196,132 $8.6M Add +72273.4%
GHYG iShares Us&intl High Yield C 0.25% 195,316 $8.5M Reduce -0.0%
WFC Wells Fargo & Co. 0.25% 142,177 $8.4M Reduce -0.2%
ATKR Atkore Inc. 0.25% 62,273 $8.4M No change
COP Conocophillips 0.25% 73,284 $8.4M Add +39.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.25% 177,481 $8.4M Add +10.9%
GE General Electric filed as GE AEROSPACE 0.24% 52,109 $8.3M Add +23.4%
ORLY O'reilly Automotive Inc. 0.24% 7,822 $8.3M Reduce -1.4%
MET Metlife Inc. 0.24% 117,434 $8.2M No change
AIG American International Group 0.24% 109,618 $8.1M No change
SPGI S&P Global Inc. 0.24% 18,242 $8.1M No change
CMCSA Comcast Corp. Class A 0.24% 206,913 $8.1M Reduce -1.0%
LOW Lowe's Cos Inc. 0.24% 36,686 $8.1M Reduce -2.3%
ELV Elevance Health Inc. 0.23% 14,458 $7.8M Reduce -8.8%
PANW Palo Alto Networks Inc. 0.23% 46,074 $7.8M Add +6.9%
SPG Simon Property Group Inc. 0.23% 51,425 $7.8M Reduce -8.8%
C Citigroup Inc. 0.23% 122,985 $7.8M Reduce -0.2%

Show all 453 holdings

Portfolio Sells Q1 2024 → Q2 2024
XLE SS Energy Select Sector Sold out 0.00% −0.38
EWW iShares MSCI Mexico ETF Reduce -98.5% 0.00% −0.31
IYJ iShares U.S. Industrials ETF Sold out 0.00% −0.30
PXD Pioneer Natural Resources Co. Sold out 0.00% −0.23
INTC Intel Corp. Reduce -6.6% 0.29% −0.18
MA Mastercard Inc. Class A Reduce -0.0% 1.04% −0.18
HON Honeywell International Inc. Reduce -84.7% 0.03% −0.15
CAT Caterpillar Inc. Reduce -9.8% 0.46% −0.14
CRM Salesforce Inc. Reduce -7.5% 0.37% −0.13
KO The Coca-Cola Co. Reduce -25.6% 0.32% −0.12
RING iShares MSCI Global Gold Min Reduce -30.2% 0.28% −0.11
ACN Accenture PLC Class A Reduce -13.8% 0.26% −0.11
JNJ Johnson & Johnson Reduce -2.8% 0.53% −0.10
CSCO Cisco Systems Inc. Reduce -12.2% 0.35% −0.10
MCD McDonald's Corp. Reduce -1.4% 0.48% −0.10
PLD Prologis Inc. Reduce -5.5% 0.30% −0.10
EBAY eBay Inc. Reduce -95.2% 0.00% −0.09
MRK Merck & Co. Inc. Reduce -4.7% 0.45% −0.09
BBY Best Buy Co. Inc. Sold out 0.00% −0.08
ABBV Abbvie Inc. Reduce -4.7% 0.40% −0.08
BMY Bristol-Myers Squibb Co. Reduce -12.8% 0.12% −0.07
CVS CVS Health Corp. Reduce -6.3% 0.14% −0.07
AXP American Express Co. Reduce -0.1% 1.35% −0.07
ISRG Intuitive Surgical Inc. Reduce -73.6% 0.03% −0.07
PYPL PayPal Holdings Inc. Reduce -22.9% 0.12% −0.07
CI The Cigna Group Reduce -7.6% 0.25% −0.07
ADP Automatic Data Processing Reduce -14.0% 0.22% −0.07
LOW Lowe's Cos Inc. Reduce -2.3% 0.24% −0.06
MDT Medtronic PLC Reduce -10.1% 0.20% −0.06
ABT Abbott Laboratories Reduce -7.5% 0.22% −0.06
AMD Advanced Micro Devices Reduce -22.6% 0.10% −0.06
CCI Crown Castle Inc. Reduce -95.1% 0.00% −0.06
RACE Ferrari NV Reduce -10.7% 0.21% −0.06
INTU Intuit Inc. Reduce -11.7% 0.29% −0.06
TMO Thermo Fisher Scientific Inc. Reduce -8.2% 0.22% −0.05
SPG Simon Property Group Inc. Reduce -8.8% 0.23% −0.05
UNH Unitedhealth Group Inc. Reduce -2.5% 0.71% −0.05
CMCSA Comcast Corp. Class A Reduce -1.0% 0.24% −0.05
IBM Intl Business Machines Corp. Reduce -67.8% 0.02% −0.05
FISV Fiserv Inc. Reduce -83.8% 0.01% −0.05
UPS United Parcel Service Class B Reduce -0.0% 0.27% −0.04
EQIX Equinix Inc. Reduce -51.1% 0.03% −0.04
NOW ServiceNow Inc. Reduce -79.0% 0.01% −0.04
VMC Vulcan Materials Co. Reduce -29.1% 0.06% −0.04
ORLY O'reilly Automotive Inc. Reduce -1.4% 0.24% −0.04
PFE Pfizer Inc. Reduce -0.1% 0.60% −0.04
MTN Vail Resorts Inc. Sold out 0.00% −0.04
RMD Resmed Inc. Reduce -78.3% 0.01% −0.04
BN Brookfield Corp. Sold out 0.00% −0.04
CBRE CBRE Group Inc. Class A Reduce -36.4% 0.04% −0.04

Portfolio Buys Q1 2024 → Q2 2024
AAPL Apple Inc. Add +1.3% 3.82% +0.53
SPY SS SPDR S&P 500 ETF Trust-US Add +27.6% 1.59% +0.31
PPA Invesco Aerospace & Defense New 0.27% +0.27
VWO Vanguard Ftse Emerging Marke Add +72273.4% 0.25% +0.25
IVV iShares Core S&P 500 ETF Add +4.0% 21.76% +0.22
NEM Newmont Corp. Add +1.4% 1.82% +0.17
QQQ Invesco QQQ Trust Series 1 Add +21.6% 0.89% +0.16
XOM Exxon Mobil Corp. Add +36.9% 0.67% +0.14
WMT Walmart Inc. Add +511.1% 0.15% +0.12
UBER Uber Technologies Inc. Add +80.1% 0.31% +0.11
CMG Chipotle Mexican Grill Inc. Add +8.3% 0.11% +0.11
MU Micron Technology Inc. Add +249.7% 0.13% +0.09
FER Ferrovial NV New 0.09% +0.09
APH Amphenol Corp. Class A Add +35.7% 0.11% +0.07
BABA Alibaba Group Holding-SP ADR Add +237.0% 0.10% +0.07
SRE Sempra Add +33.9% 0.27% +0.07
TSLA Tesla Inc. Add +7.4% 0.58% +0.07
DELL Dell Technologies -C Add +433.7% 0.08% +0.06
COST Costco Wholesale Corp. Add +2.7% 0.57% +0.06
GE General Electric Add +23.4% 0.24% +0.06
ECL Ecolab Inc. Add +334.8% 0.06% +0.05
GS Goldman Sachs Group Inc. Add +17.0% 0.29% +0.05
KLAC KLA Corp. Add +24.1% 0.15% +0.04
FSLR First Solar Inc. Add +422.9% 0.05% +0.04
NEE Nextera Energy Inc. Add +7.6% 0.38% +0.04
PANW Palo Alto Networks Inc. Add +6.9% 0.23% +0.04
COP Conocophillips Add +39.7% 0.25% +0.04
PEG Public Service Enterprise GP Add +286.6% 0.04% +0.03
DDOG Datadog Inc. Class A Add +1286.7% 0.03% +0.03
AEM Agnico Eagle Mines Ltd. New 0.03% +0.03
NXPI NXP Semiconductors NV Add +39.1% 0.10% +0.03
DV Doubleverify Holdings Inc. New 0.03% +0.03
MFC Manulife Financial Corp. New 0.03% +0.03
STVN Stevanato Group SPA New 0.03% +0.03
CP Canadian Pacific Kansas City Add +246.8% 0.04% +0.03
JCI Johnson Controls Internation Add +224.0% 0.04% +0.02
PM Philip Morris International Add +0.1% 0.77% +0.02
BNS Bank of Nova Scotia Add +230.1% 0.04% +0.02
SU Suncor Energy Inc. New 0.02% +0.02
TECK Teck Resources Ltd.-CLS B New 0.02% +0.02
LEU Centrus Energy Corp. Class A New 0.02% +0.02
MCHP Microchip Technology Inc. Add +525.5% 0.03% +0.02
RSG Republic Services Inc. Add +245.4% 0.03% +0.02
CNQ Canadian Natural Resources New 0.02% +0.02
OXY Occidental Petroleum Corp. Add +139.9% 0.04% +0.02
CMI Cummins Inc. Add +240.0% 0.03% +0.02
ON On Semiconductor Add +527.3% 0.03% +0.02
LULU Lululemon Athletica Inc. Add +240.3% 0.04% +0.02
CDNS Cadence Design SYS Inc. Add +300.6% 0.03% +0.02
ENB Enbridge Inc. New 0.02% +0.02

Notes & Other Activity Q1 2024 → Q2 2024
FLEX Flex Ltd. ORD Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 519$9.5BJAAA, IVV, LQD, PAAA, QQQ
Q1 2026 473$9.0BJAAA, IVV, LQD, PAAA, NEM
Q4 2025 431$7.8BJAAA, IVV, LQD, VCLT, NEM
Q3 2025 372$4.7BIVV, NVDA, MSFT, AAPL, NEM
Q2 2025 387$4.2BIVV, MSFT, NVDA, AAPL, AMZN
Q1 2025 417$3.7BIVV, AAPL, MSFT, NVDA, AMZN
Q4 2024 432$3.8BIVV, AAPL, MSFT, NVDA, AMZN
Q3 2024 376$3.7BIVV, AAPL, MSFT, NVDA, AMZN
Q2 2024 453$3.4BIVV, MSFT, AAPL, NVDA, AMZN
Q1 2024 450$3.2BIVV, MSFT, AAPL, AMZN, GOOGL