Allianz SE
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Allianz SE reported 417 stock positions worth $3.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 23.0% of the portfolio, followed by Apple (AAPL, 3.6%) and Microsoft (MSFT, 3.2%). Compared with Q4 2024, it opened 44 new positions, sold out of 59, added to 111 and reduced 124. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +5%) and the biggest sale an exit from SS SPDR Dow Jones Indus Avg (DIA).
- Most Recent 13F
- Q2 2026
- Location
- Munich, 2M
- CIK
- 0001127508
- Portfolio Value
- $3.7B (Q1 2025)
- SEC Filing
- 0000950123-25-004403 ↗ filed May 9, 2025
Holdings Value
Holdings 417 stocks · $3.7B
| IVV iShares Core S&P 500 ETF | 22.96% | 1,531,687 | $860.7M | Add +5.5% |
| AAPL Apple Inc. | 3.61% | 609,310 | $135.3M | Reduce -0.2% |
| MSFT Microsoft Corp. | 3.15% | 314,831 | $118.2M | Reduce -7.3% |
| NVDA Nvidia Corp. | 2.69% | 932,050 | $101.0M | Add +1.9% |
| AMZN Amazon.com Inc. | 2.64% | 521,038 | $99.1M | Reduce -1.0% |
| NEM Newmont Corp. | 2.33% | 1,809,076 | $87.3M | Add +3.0% |
| GOOGL Alphabet Inc. Class A | 1.93% | 468,576 | $72.5M | Add +0.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.73% | 137,963 | $64.7M | Add +29.1% |
| IAU iShares Gold Trust | 1.72% | 1,095,194 | $64.6M | Add +4.2% |
| ACWI iShares MSCI Acwi ETF | 1.65% | 532,710 | $62.0M | Reduce -0.5% |
| ALTI Alti Global Inc. | 1.57% | 19,318,581 | $58.7M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.46% | 97,949 | $54.8M | Add +64.8% |
| JPM JPMorgan Chase & Co. | 1.38% | 210,586 | $51.7M | Reduce -15.4% |
| EZU iShares MSCI Eurozone ETF | 1.33% | 937,050 | $49.9M | Add +0.9% |
| META Meta Platforms Inc. Class A | 1.23% | 80,272 | $46.3M | Reduce -19.9% |
| B Barrick Gold Corp. | 1.14% | 2,206,012 | $42.8M | Add +1.4% |
| V Visa Inc. Class A | 1.01% | 107,826 | $37.8M | Reduce -8.4% |
| MA Mastercard Inc. Class A | 0.96% | 65,983 | $36.2M | Reduce -19.4% |
| GOOG Alphabet Inc. Class C | 0.96% | 229,187 | $35.8M | Reduce -4.6% |
| AXP American Express Co. | 0.94% | 131,302 | $35.3M | Reduce -34.0% |
| LLY Eli Lilly & Co. | 0.86% | 39,201 | $32.4M | Add +3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 58,452 | $31.1M | Add +14.8% |
| LIN Linde PLC | 0.82% | 66,088 | $30.8M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.81% | 58,033 | $30.4M | Add +14.2% |
| AVGO Broadcom Inc. | 0.80% | 179,437 | $30.0M | Add +0.8% |
| VFH Vanguard Financials ETF | 0.73% | 230,365 | $27.5M | Add +25.6% |
| TSLA Tesla Inc. | 0.71% | 102,110 | $26.5M | Reduce -2.1% |
| PM Philip Morris International | 0.70% | 166,271 | $26.4M | Reduce -34.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.68% | 306,419 | $25.4M | Add +1.9% |
| JNJ Johnson & Johnson | 0.63% | 141,306 | $23.4M | Add +6.5% |
| ABBV Abbvie Inc. | 0.54% | 97,443 | $20.4M | Add +2.0% |
| MCD McDonald's Corp. | 0.54% | 64,494 | $20.1M | Reduce -4.2% |
| COST Costco Wholesale Corp. | 0.53% | 20,919 | $19.8M | Reduce -6.4% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.53% | 103,015 | $19.7M | No change |
| PG The Procter & Gamble Co. | 0.50% | 109,897 | $18.7M | Add +3.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.50% | 189,676 | $18.7M | Reduce -1.3% |
| VTWO Vanguard Russell 2000 ETF | 0.50% | 232,000 | $18.7M | New |
| NFLX Netflix Inc. | 0.50% | 19,989 | $18.6M | Add +1.8% |
| PFE Pfizer Inc. | 0.50% | 734,856 | $18.6M | No change |
| ORCL Oracle Corp. | 0.48% | 128,418 | $18.0M | Add +8.5% |
| CTAS Cintas Corp. | 0.46% | 83,168 | $17.1M | No change |
| CSCO Cisco Systems Inc. | 0.43% | 263,268 | $16.2M | Reduce -6.1% |
| EEM iShares MSCI Emerging Market | 0.42% | 364,094 | $15.9M | Add +3.1% |
| FDX FedEx Corp. | 0.42% | 65,201 | $15.9M | No change |
| CAT Caterpillar Inc. | 0.42% | 47,764 | $15.8M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.42% | 346,097 | $15.7M | Add +1.4% |
| CRM Salesforce Inc. | 0.41% | 57,958 | $15.6M | Add +2.6% |
| WFC Wells Fargo & Co. | 0.41% | 212,335 | $15.2M | Add +22.6% |
| BKNG Booking Holdings Inc. | 0.39% | 3,172 | $14.6M | Reduce -0.9% |
| WMT Walmart Inc. | 0.39% | 164,420 | $14.4M | Add +0.1% |
| PANW Palo Alto Networks Inc. | 0.38% | 84,526 | $14.4M | Add +6.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.38% | 82,861 | $14.3M | Add +3429.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 335,080 | $14.0M | Add +3.0% |
| NEE Nextera Energy Inc. | 0.36% | 192,416 | $13.6M | Add +10.8% |
| VOO Vanguard S&P 500 ETF | 0.36% | 26,364 | $13.5M | Add +212.5% |
| FXI iShares China Large-Cap ETF | 0.36% | 377,528 | $13.5M | Add +4.4% |
| TMUS T-Mobile US Inc. | 0.36% | 50,549 | $13.5M | Reduce -0.7% |
| HD Home Depot Inc. | 0.34% | 34,681 | $12.7M | Add +0.1% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.33% | 273,508 | $12.5M | No change |
| ENB Enbridge Inc. | 0.33% | 277,000 | $12.3M | New |
| PLD Prologis Inc. | 0.33% | 108,986 | $12.2M | Add +0.1% |
| ABT Abbott Laboratories | 0.32% | 91,443 | $12.1M | Add +23.7% |
| TT Trane Technologies PLC | 0.32% | 35,713 | $12.0M | Reduce -1.8% |
| KO The Coca-Cola Co. | 0.32% | 167,942 | $12.0M | Add +3.0% |
| AMGN Amgen Inc. | 0.32% | 38,306 | $11.9M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.31% | 23,947 | $11.6M | Reduce -0.2% |
| BKF iShares MSCI Bic ETF | 0.31% | 290,003 | $11.6M | Add +2.1% |
| GS Goldman Sachs Group Inc. | 0.31% | 21,204 | $11.6M | No change |
| WM Waste Management Inc. | 0.30% | 48,768 | $11.3M | Add +370.9% |
| ADP Automatic Data Processing | 0.29% | 35,655 | $10.9M | Reduce -5.4% |
| HSY The Hershey Co. | 0.29% | 62,613 | $10.7M | Add +811.1% |
| QCOM Qualcomm Inc. | 0.28% | 68,763 | $10.6M | Add +0.1% |
| ACN Accenture PLC Class A | 0.28% | 33,840 | $10.6M | Reduce -6.2% |
| RACE Ferrari NV | 0.28% | 24,522 | $10.5M | Add +21.4% |
| BLK BlackRock Inc. | 0.28% | 11,025 | $10.4M | Add +2.6% |
| INTU Intuit Inc. | 0.28% | 16,892 | $10.4M | Reduce -2.6% |
| MS Morgan Stanley | 0.27% | 87,997 | $10.3M | No change |
| C Citigroup Inc. | 0.27% | 140,684 | $10.0M | Reduce -0.1% |
| CB Chubb Ltd. | 0.26% | 32,720 | $9.9M | Reduce -5.2% |
| T AT&T Inc. | 0.26% | 339,778 | $9.6M | No change |
| GHYG iShares Us&intl High Yield C | 0.25% | 214,389 | $9.6M | Add +2.0% |
| CL Colgate-Palmolive Co. | 0.25% | 100,891 | $9.5M | Add +6.0% |
| AIG American International Group | 0.25% | 108,378 | $9.4M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 0.25% | 103,076 | $9.3M | Reduce -17.4% |
| ADBE Adobe Inc. | 0.24% | 23,894 | $9.2M | Reduce -10.4% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 45,269 | $9.1M | Add +1.7% |
| EMR Emerson Electric Co. | 0.24% | 82,468 | $9.0M | Reduce -5.2% |
| UBER Uber Technologies Inc. | 0.23% | 119,231 | $8.7M | Reduce -20.3% |
| LOW Lowe's Cos Inc. | 0.23% | 37,096 | $8.7M | No change |
| SRE Sempra | 0.23% | 121,190 | $8.6M | No change |
| MET Metlife Inc. | 0.23% | 107,574 | $8.6M | Reduce -1.3% |
| ISRG Intuitive Surgical Inc. | 0.23% | 17,365 | $8.6M | Add +437.4% |
| SPG Simon Property Group Inc. | 0.23% | 51,425 | $8.5M | Reduce -3.3% |
| SPGI S&P Global Inc. | 0.23% | 16,757 | $8.5M | No change |
| AZO AutoZone Inc. | 0.23% | 2,229 | $8.5M | Add +3.5% |
| DE Deere & Co. | 0.22% | 17,951 | $8.4M | No change |
| NKE Nike Inc. Class B | 0.22% | 132,037 | $8.4M | Reduce -0.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.22% | 199,818 | $8.4M | Add +20.7% |
| ICLN iShares Global Clean Energy | 0.22% | 725,805 | $8.3M | Add +9.5% |
| CI The Cigna Group | 0.22% | 24,989 | $8.2M | Reduce -0.4% |
Portfolio Sells Q4 2024 → Q1 2025
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.63 |
| MSFT Microsoft Corp. | Reduce -7.3% | 3.15% | −0.59 |
| AXP American Express Co. | Reduce -34.0% | 0.94% | −0.59 |
| TSLA Tesla Inc. | Reduce -2.1% | 0.71% | −0.43 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.42 |
| AAPL Apple Inc. | Reduce -0.2% | 3.61% | −0.39 |
| XOM Exxon Mobil Corp. | Reduce -75.0% | 0.16% | −0.39 |
| AMZN Amazon.com Inc. | Reduce -1.0% | 2.64% | −0.38 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.35 |
| META Meta Platforms Inc. Class A | Reduce -19.9% | 1.23% | −0.31 |
| MRVL Marvell Technology Inc. | Reduce -95.2% | 0.01% | −0.30 |
| GOOG Alphabet Inc. Class C | Reduce -4.6% | 0.96% | −0.25 |
| JPM JPMorgan Chase & Co. | Reduce -15.4% | 1.38% | −0.17 |
| CVX Chevron Corp. | Reduce -71.4% | 0.08% | −0.16 |
| COP Conocophillips | Reduce -87.0% | 0.03% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -19.4% | 0.96% | −0.16 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.13 |
| PM Philip Morris International | Reduce -34.5% | 0.70% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -17.4% | 0.25% | −0.07 |
| ADBE Adobe Inc. | Reduce -10.4% | 0.24% | −0.06 |
| EOG EOG Resources Inc. | Reduce -88.8% | 0.01% | −0.06 |
| CEG Constellation Energy | Reduce -17.7% | 0.18% | −0.06 |
| AMD Advanced Micro Devices | Reduce -12.6% | 0.18% | −0.06 |
| DIS The Walt Disney Co. | Reduce -1.3% | 0.50% | −0.06 |
| ACN Accenture PLC Class A | Reduce -6.2% | 0.28% | −0.05 |
| ADI Analog Devices Inc. | Reduce -15.1% | 0.22% | −0.05 |
| EMR Emerson Electric Co. | Reduce -5.2% | 0.24% | −0.04 |
| NKE Nike Inc. Class B | Reduce -0.7% | 0.22% | −0.04 |
| HWM Howmet Aerospace Inc. | Reduce -30.6% | 0.17% | −0.03 |
| KTOS Kratos Defense & Security | Reduce -95.2% | 0.00% | −0.03 |
| CHT Chunghwa Telecom LT-Spon ADR | Sold out | 0.00% | −0.03 |
| TT Trane Technologies PLC | Reduce -1.8% | 0.32% | −0.03 |
| GEV GE Vernova Inc. | Reduce -95.2% | 0.00% | −0.03 |
| SKM SK Telecom Co. Ltd.-Spon ADR | Sold out | 0.00% | −0.03 |
| EQIX Equinix Inc. | Reduce -36.7% | 0.04% | −0.03 |
| UPS United Parcel Service Class B | Reduce -1.1% | 0.20% | −0.03 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.2% | 0.14% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -0.9% | 0.39% | −0.03 |
| EXPE Expedia Group Inc. | Reduce -98.7% | 0.00% | −0.03 |
| CSX CSX Corp. | Reduce -8.4% | 0.15% | −0.02 |
| ALRM Alarm.com Holdings Inc. | Sold out | 0.00% | −0.02 |
| DELL Dell Technologies -C | Reduce -51.4% | 0.02% | −0.02 |
| TLK Telkom Indonesia Persero-ADR | Sold out | 0.00% | −0.02 |
| PHI PLDT Inc.-Spon ADR | Sold out | 0.00% | −0.02 |
| SYM Symbotic Inc. | Sold out | 0.00% | −0.02 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.02 |
| NOV Nov Inc. | Sold out | 0.00% | −0.02 |
| PEG Public Service Enterprise GP | Reduce -71.7% | 0.01% | −0.02 |
| DXCM Dexcom Inc. | Reduce -11.5% | 0.08% | −0.02 |
| FISV Fiserv Inc. | Reduce -38.2% | 0.04% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Add +5.5% | 22.96% | +0.72 |
| NEM Newmont Corp. | Add +3.0% | 2.33% | +0.63 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +64.8% | 1.46% | +0.55 |
| VTWO Vanguard Russell 2000 ETF | New | 0.50% | +0.50 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3429.0% | 0.38% | +0.37 |
| IAU iShares Gold Trust | Add +4.2% | 1.72% | +0.37 |
| ENB Enbridge Inc. | New | 0.33% | +0.33 |
| QQQ Invesco QQQ Trust Series 1 | Add +29.1% | 1.73% | +0.30 |
| B Barrick Gold Corp. | Add +1.4% | 1.14% | +0.27 |
| HSY The Hershey Co. | Add +811.1% | 0.29% | +0.26 |
| WM Waste Management Inc. | Add +370.9% | 0.30% | +0.25 |
| VOO Vanguard S&P 500 ETF | Add +212.5% | 0.36% | +0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +14.8% | 0.83% | +0.23 |
| EZU iShares MSCI Eurozone ETF | Add +0.9% | 1.33% | +0.19 |
| ISRG Intuitive Surgical Inc. | Add +437.4% | 0.23% | +0.19 |
| DASH DoorDash Inc. Class A | New | 0.18% | +0.18 |
| VFH Vanguard Financials ETF | Add +25.6% | 0.73% | +0.17 |
| SHOP Shopify Inc. Class A | Add +24416.4% | 0.16% | +0.16 |
| UNH Unitedhealth Group Inc. | Add +14.2% | 0.81% | +0.14 |
| NOW ServiceNow Inc. | Add +285.3% | 0.20% | +0.13 |
| JNJ Johnson & Johnson | Add +6.5% | 0.63% | +0.13 |
| HON Honeywell International Inc. | Add +426.5% | 0.15% | +0.12 |
| XYZ Block Inc. | New | 0.11% | +0.11 |
| ABT Abbott Laboratories | Add +23.7% | 0.32% | +0.11 |
| ABBV Abbvie Inc. | Add +2.0% | 0.54% | +0.11 |
| LIN Linde PLC | Add +0.2% | 0.82% | +0.10 |
| LLY Eli Lilly & Co. | Add +3.5% | 0.86% | +0.10 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | New | 0.09% | +0.09 |
| SMFG Sumitomo Mitsui-Spons ADR | New | 0.09% | +0.09 |
| WFC Wells Fargo & Co. | Add +22.6% | 0.41% | +0.09 |
| MFG Mizuho Financial Group-ADR | New | 0.09% | +0.09 |
| FXI iShares China Large-Cap ETF | Add +4.4% | 0.36% | +0.07 |
| PDD PDD Holdings Inc. | Add +554.6% | 0.08% | +0.07 |
| DECK Deckers Outdoor Corp. | Add +713.1% | 0.09% | +0.07 |
| AMT American Tower Corp. | Add +17.5% | 0.21% | +0.06 |
| SLB SLB Ltd. | Add +20.7% | 0.22% | +0.06 |
| KO The Coca-Cola Co. | Add +3.0% | 0.32% | +0.06 |
| RACE Ferrari NV | Add +21.4% | 0.28% | +0.06 |
| AZO AutoZone Inc. | Add +3.5% | 0.23% | +0.05 |
| GE General Electric | Add +1.7% | 0.24% | +0.05 |
| EEM iShares MSCI Emerging Market | Add +3.1% | 0.42% | +0.04 |
| BKF iShares MSCI Bic ETF | Add +2.1% | 0.31% | +0.04 |
| NEE Nextera Energy Inc. | Add +10.8% | 0.36% | +0.04 |
| NFLX Netflix Inc. | Add +1.8% | 0.50% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +22.9% | 0.18% | +0.04 |
| PG The Procter & Gamble Co. | Add +3.0% | 0.50% | +0.04 |
| SHY iShares 1-3 Year Treasury Bo | Add +1.9% | 0.68% | +0.04 |
| PYPL PayPal Holdings Inc. | Add +281.8% | 0.05% | +0.04 |
| IBM Intl Business Machines Corp. | Add +24.6% | 0.10% | +0.03 |
| RTX RTX Corp. | Add +1.9% | 0.18% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 519 | $9.5B | JAAA, IVV, LQD, PAAA, QQQ |
| Q1 2026 | 473 | $9.0B | JAAA, IVV, LQD, PAAA, NEM |
| Q4 2025 | 431 | $7.8B | JAAA, IVV, LQD, VCLT, NEM |
| Q3 2025 | 372 | $4.7B | IVV, NVDA, MSFT, AAPL, NEM |
| Q2 2025 | 387 | $4.2B | IVV, MSFT, NVDA, AAPL, AMZN |
| Q1 2025 | 417 | $3.7B | IVV, AAPL, MSFT, NVDA, AMZN |
| Q4 2024 | 432 | $3.8B | IVV, AAPL, MSFT, NVDA, AMZN |
| Q3 2024 | 376 | $3.7B | IVV, AAPL, MSFT, NVDA, AMZN |
| Q2 2024 | 453 | $3.4B | IVV, MSFT, AAPL, NVDA, AMZN |
| Q1 2024 | 450 | $3.2B | IVV, MSFT, AAPL, AMZN, GOOGL |