Allianz SE
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Allianz SE reported 387 stock positions worth $4.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 23.2% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Nvidia (NVDA, 3.4%). Compared with Q1 2025, it opened 36 new positions, sold out of 66, added to 98 and reduced 131. The biggest buy was a new position in Vaneck Semiconductor ETF (SMH) and the biggest sale Vanguard Financials ETF (VFH, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Munich, 2M
- CIK
- 0001127508
- Portfolio Value
- $4.2B (Q2 2025)
- SEC Filing
- 0000950123-25-007335 ↗ filed Aug 8, 2025
Holdings Value
Holdings 387 stocks · $4.2B
| IVV iShares Core S&P 500 ETF | 23.24% | 1,584,282 | $983.7M | Add +3.4% |
| MSFT Microsoft Corp. | 3.72% | 316,504 | $157.4M | Add +0.5% |
| NVDA Nvidia Corp. | 3.43% | 918,300 | $145.1M | Reduce -1.5% |
| AAPL Apple Inc. | 2.88% | 594,477 | $122.0M | Reduce -2.4% |
| AMZN Amazon.com Inc. | 2.73% | 525,922 | $115.4M | Add +0.9% |
| NEM Newmont Corp. | 2.46% | 1,784,687 | $104.0M | Reduce -1.4% |
| QQQ Invesco QQQ Trust Series 1 | 2.01% | 154,561 | $85.3M | Add +12.0% |
| GOOGL Alphabet Inc. Class A | 1.95% | 467,293 | $82.4M | Reduce -0.3% |
| ALTI Alti Global Inc. | 1.89% | 19,318,581 | $80.2M | No change |
| IAU iShares Gold Trust | 1.70% | 1,154,291 | $72.0M | Add +5.4% |
| ACWI iShares MSCI Acwi ETF | 1.60% | 525,698 | $67.6M | Reduce -1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.43% | 97,949 | $60.5M | No change |
| JPM JPMorgan Chase & Co. | 1.42% | 207,993 | $60.3M | Reduce -1.2% |
| META Meta Platforms Inc. Class A | 1.39% | 79,609 | $58.8M | Reduce -0.8% |
| EZU iShares MSCI Eurozone ETF | 1.32% | 940,326 | $55.9M | Add +0.3% |
| SMH Vaneck Semiconductor ETF | 1.31% | 199,097 | $55.5M | New |
| AVGO Broadcom Inc. | 1.12% | 171,818 | $47.4M | Reduce -4.3% |
| B Barrick Mining Corp. | 1.08% | 2,194,772 | $45.6M | Reduce -0.5% |
| AXP American Express Co. | 0.99% | 130,872 | $41.7M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 0.97% | 230,760 | $40.9M | Add +0.7% |
| V Visa Inc. Class A | 0.94% | 112,143 | $39.8M | Add +4.0% |
| MA Mastercard Inc. Class A | 0.88% | 66,267 | $37.2M | Add +0.4% |
| TSLA Tesla Inc. | 0.80% | 105,959 | $33.7M | Add +3.8% |
| LLY Eli Lilly & Co. | 0.75% | 40,499 | $31.6M | Add +3.3% |
| LIN Linde PLC | 0.73% | 66,164 | $31.0M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 63,508 | $30.9M | Add +8.7% |
| PM Philip Morris International | 0.71% | 163,891 | $29.8M | Reduce -1.4% |
| VTWO Vanguard Russell 2000 ETF | 0.65% | 313,000 | $27.3M | Add +34.9% |
| NFLX Netflix Inc. | 0.63% | 19,859 | $26.6M | Reduce -0.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.62% | 319,129 | $26.4M | Add +4.2% |
| ORCL Oracle Corp. | 0.59% | 114,951 | $25.1M | Reduce -10.5% |
| UBER Uber Technologies Inc. | 0.58% | 261,009 | $24.4M | Add +118.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.55% | 189,323 | $23.5M | Reduce -0.2% |
| UNH Unitedhealth Group Inc. | 0.55% | 74,049 | $23.1M | Add +27.6% |
| SPHB Invesco S&P 500 High Beta Et | 0.52% | 223,509 | $21.8M | New |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.50% | 99,015 | $21.0M | Reduce -3.9% |
| COST Costco Wholesale Corp. | 0.49% | 20,949 | $20.7M | Add +0.1% |
| JNJ Johnson & Johnson | 0.48% | 133,221 | $20.3M | Reduce -5.7% |
| ARKK ARK Innovation ETF | 0.45% | 269,802 | $19.0M | New |
| MCD McDonald's Corp. | 0.44% | 64,408 | $18.8M | Reduce -0.1% |
| WMT Walmart Inc. | 0.44% | 189,744 | $18.6M | Add +15.4% |
| CAT Caterpillar Inc. | 0.44% | 47,764 | $18.5M | No change |
| EEM iShares MSCI Emerging Market | 0.43% | 374,750 | $18.1M | Add +2.9% |
| PFE Pfizer Inc. | 0.42% | 734,856 | $17.8M | No change |
| ABBV Abbvie Inc. | 0.42% | 95,051 | $17.6M | Reduce -2.5% |
| QCOM Qualcomm Inc. | 0.41% | 107,616 | $17.1M | Add +56.5% |
| VWO Vanguard Ftse Emerging Marke | 0.40% | 346,097 | $17.1M | No change |
| CSCO Cisco Systems Inc. | 0.40% | 242,237 | $16.8M | Reduce -8.0% |
| WFC Wells Fargo & Co. | 0.39% | 206,925 | $16.6M | Reduce -2.5% |
| PG The Procter & Gamble Co. | 0.39% | 104,039 | $16.6M | Reduce -5.3% |
| RACE Ferrari NV | 0.38% | 32,471 | $15.9M | Add +32.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 332,835 | $15.7M | Reduce -0.7% |
| ABT Abbott Laboratories | 0.35% | 109,724 | $14.9M | Add +20.0% |
| GS Goldman Sachs Group Inc. | 0.35% | 20,950 | $14.8M | Reduce -1.2% |
| FDX FedEx Corp. | 0.35% | 65,201 | $14.8M | No change |
| CRM Salesforce Inc. | 0.35% | 53,555 | $14.6M | Reduce -7.6% |
| CTAS Cintas Corp. | 0.34% | 65,368 | $14.6M | Reduce -21.4% |
| FXI iShares China Large-Cap ETF | 0.34% | 392,373 | $14.4M | Add +3.9% |
| HD Home Depot Inc. | 0.33% | 38,075 | $14.0M | Add +9.8% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.33% | 273,508 | $13.9M | No change |
| NEE Nextera Energy Inc. | 0.31% | 191,541 | $13.3M | Reduce -0.5% |
| AMT American Tower Corp. | 0.31% | 59,579 | $13.2M | Add +67.9% |
| ENB Enbridge Inc. | 0.30% | 277,000 | $12.5M | No change |
| GE General Electric filed as GE AEROSPACE | 0.29% | 47,492 | $12.2M | Add +4.9% |
| BKF iShares MSCI Bic ETF | 0.29% | 292,052 | $12.1M | Add +0.7% |
| MS Morgan Stanley | 0.28% | 85,567 | $12.1M | Reduce -2.8% |
| C Citigroup Inc. | 0.28% | 141,262 | $12.0M | Add +0.4% |
| KO The Coca-Cola Co. | 0.28% | 165,057 | $11.7M | Reduce -1.7% |
| BLK BlackRock Inc. | 0.28% | 11,119 | $11.7M | Add +0.8% |
| TMUS T-Mobile US Inc. | 0.27% | 48,711 | $11.6M | Reduce -3.6% |
| INTU Intuit Inc. | 0.27% | 14,727 | $11.6M | Reduce -12.8% |
| AMD Advanced Micro Devices | 0.27% | 80,129 | $11.4M | Add +23.6% |
| ISRG Intuitive Surgical Inc. | 0.27% | 20,780 | $11.3M | Add +19.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 37,807 | $11.1M | Add +148.2% |
| EMR Emerson Electric Co. | 0.26% | 82,658 | $11.0M | Add +0.2% |
| AMGN Amgen Inc. | 0.25% | 38,306 | $10.7M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.25% | 23,935 | $10.7M | Reduce -0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.25% | 77,185 | $10.5M | Add +2050.0% |
| WM Waste Management Inc. | 0.25% | 45,855 | $10.5M | Reduce -6.0% |
| ICLN iShares Global Clean Energy | 0.24% | 761,908 | $10.0M | Add +5.0% |
| GHYG iShares Us&intl High Yield C | 0.23% | 211,863 | $9.8M | Reduce -1.2% |
| T AT&T Inc. | 0.23% | 338,198 | $9.8M | Reduce -0.5% |
| ADI Analog Devices Inc. | 0.23% | 40,484 | $9.6M | No change |
| CB Chubb Ltd. | 0.22% | 32,720 | $9.5M | No change |
| AEM Agnico Eagle Mines Ltd. | 0.22% | 79,591 | $9.5M | Add +2580.7% |
| NKE Nike Inc. Class B | 0.22% | 130,874 | $9.3M | Reduce -0.9% |
| AIG American International Group | 0.22% | 108,378 | $9.3M | No change |
| ADP Automatic Data Processing | 0.22% | 30,000 | $9.3M | Reduce -15.9% |
| HSY The Hershey Co. | 0.22% | 55,741 | $9.3M | Reduce -11.0% |
| DASH DoorDash Inc. Class A | 0.22% | 37,300 | $9.2M | No change |
| SRE Sempra | 0.22% | 121,190 | $9.2M | No change |
| ADBE Adobe Inc. | 0.21% | 23,171 | $9.0M | Reduce -3.0% |
| DE Deere & Co. | 0.21% | 17,431 | $8.9M | Reduce -2.9% |
| SPGI S&P Global Inc. | 0.21% | 16,757 | $8.8M | No change |
| SE Sea Ltd.-ADR | 0.21% | 54,510 | $8.7M | Add +122.4% |
| MET Metlife Inc. | 0.21% | 108,264 | $8.7M | Add +0.6% |
| CL Colgate-Palmolive Co. | 0.21% | 95,665 | $8.7M | Reduce -5.2% |
| AZO AutoZone Inc. | 0.20% | 2,289 | $8.5M | Add +2.7% |
| SCHW Schwab (charles) Corp. | 0.20% | 90,875 | $8.3M | Add +934.9% |
| SPG Simon Property Group Inc. | 0.20% | 51,425 | $8.3M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| VFH Vanguard Financials ETF | Reduce -100.0% | 0.00% | −0.73 |
| AAPL Apple Inc. | Reduce -2.4% | 2.88% | −0.73 |
| BKNG Booking Holdings Inc. | Reduce -97.6% | 0.01% | −0.38 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -98.4% | 0.01% | −0.38 |
| PANW Palo Alto Networks Inc. | Reduce -89.5% | 0.04% | −0.34 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.32 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -99.3% | 0.00% | −0.19 |
| PLD Prologis Inc. | Reduce -49.7% | 0.14% | −0.19 |
| IYJ iShares U.S. Industrials ETF | Sold out | 0.00% | −0.19 |
| SLB SLB Ltd. | Reduce -77.3% | 0.04% | −0.19 |
| VOO Vanguard S&P 500 ETF | Reduce -48.8% | 0.18% | −0.18 |
| JNJ Johnson & Johnson | Reduce -5.7% | 0.48% | −0.14 |
| ABBV Abbvie Inc. | Reduce -2.5% | 0.42% | −0.13 |
| HON Honeywell International Inc. | Reduce -80.7% | 0.03% | −0.12 |
| ACN Accenture PLC Class A | Reduce -29.7% | 0.17% | −0.11 |
| CTAS Cintas Corp. | Reduce -21.4% | 0.34% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -5.3% | 0.39% | −0.11 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.44% | −0.09 |
| TMUS T-Mobile US Inc. | Reduce -3.6% | 0.27% | −0.09 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.07 |
| ADP Automatic Data Processing | Reduce -15.9% | 0.22% | −0.07 |
| CRM Salesforce Inc. | Reduce -7.6% | 0.35% | −0.07 |
| HSY The Hershey Co. | Reduce -11.0% | 0.22% | −0.07 |
| B Barrick Mining Corp. | Reduce -0.5% | 1.08% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.0% | 0.15% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -5.5% | 0.10% | −0.06 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.1% | 0.25% | −0.06 |
| ACWI iShares MSCI Acwi ETF | Reduce -1.3% | 1.60% | −0.06 |
| WM Waste Management Inc. | Reduce -6.0% | 0.25% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -0.5% | 0.31% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -5.2% | 0.21% | −0.05 |
| AMN Amn Healthcare Services Inc. | Sold out | 0.00% | −0.05 |
| PDD PDD Holdings Inc. | Reduce -41.8% | 0.04% | −0.05 |
| KO The Coca-Cola Co. | Reduce -1.7% | 0.28% | −0.04 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.04 |
| DECK Deckers Outdoor Corp. | Reduce -36.2% | 0.04% | −0.04 |
| UPS United Parcel Service Class B | Reduce -1.8% | 0.16% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -77.1% | 0.01% | −0.04 |
| DHR Danaher Corp. | Reduce -4.4% | 0.16% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -75.2% | 0.01% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -8.0% | 0.40% | −0.04 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.04 |
| UNP Union Pacific Corp. | Reduce -3.6% | 0.17% | −0.03 |
| ELV Elevance Health Inc. | Reduce -0.1% | 0.13% | −0.03 |
| ADBE Adobe Inc. | Reduce -3.0% | 0.21% | −0.03 |
| MDT Medtronic PLC | Reduce -2.9% | 0.16% | −0.03 |
| EXC Exelon Corp. | Reduce -0.1% | 0.16% | −0.03 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.03 |
| HCA HCA Healthcare Inc. | Reduce -63.2% | 0.02% | −0.03 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -36.0% | 0.11% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| SMH Vaneck Semiconductor ETF | New | 1.31% | +1.31 |
| MSFT Microsoft Corp. | Add +0.5% | 3.72% | +0.57 |
| SPHB Invesco S&P 500 High Beta Et | New | 0.52% | +0.52 |
| ARKK ARK Innovation ETF | New | 0.45% | +0.45 |
| UBER Uber Technologies Inc. | Add +118.9% | 0.58% | +0.34 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.0% | 2.01% | +0.29 |
| IVV iShares Core S&P 500 ETF | Add +3.4% | 23.24% | +0.28 |
| PLTR Palantir Technologies Inc. Class A | Add +2050.0% | 0.25% | +0.24 |
| AEM Agnico Eagle Mines Ltd. | Add +2580.7% | 0.22% | +0.21 |
| SCHW Schwab (charles) Corp. | Add +934.9% | 0.20% | +0.18 |
| TRP TC Energy Corp. | New | 0.18% | +0.18 |
| IBM Intl Business Machines Corp. | Add +148.2% | 0.26% | +0.16 |
| VTWO Vanguard Russell 2000 ETF | Add +34.9% | 0.65% | +0.15 |
| QCOM Qualcomm Inc. | Add +56.5% | 0.41% | +0.12 |
| SE Sea Ltd.-ADR | Add +122.4% | 0.21% | +0.12 |
| AMT American Tower Corp. | Add +67.9% | 0.31% | +0.11 |
| RACE Ferrari NV | Add +32.4% | 0.38% | +0.10 |
| AMD Advanced Micro Devices | Add +23.6% | 0.27% | +0.09 |
| TSLA Tesla Inc. | Add +3.8% | 0.80% | +0.09 |
| AMZN Amazon.com Inc. | Add +0.9% | 2.73% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +61.3% | 0.14% | +0.07 |
| PINS Pinterest Inc. Class A | New | 0.07% | +0.07 |
| EXR Extra Space Storage Inc. | Add +217.6% | 0.10% | +0.06 |
| FNV Franco-Nevada Corp. | New | 0.06% | +0.06 |
| SBUX Starbucks Corp. | Add +604.3% | 0.07% | +0.06 |
| AGI Alamos Gold Inc. Class A | New | 0.06% | +0.06 |
| MELI MercadoLibre Inc. | Add +41.8% | 0.14% | +0.06 |
| WMT Walmart Inc. | Add +15.4% | 0.44% | +0.05 |
| CSGP Costar Group Inc. | Add +119.7% | 0.11% | +0.05 |
| GE General Electric | Add +4.9% | 0.29% | +0.05 |
| APP AppLovin Corp. Class A | Add +106.2% | 0.07% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +19.7% | 0.27% | +0.04 |
| PBW Invesco Wilderhill Clean Ene | Add +20.5% | 0.12% | +0.03 |
| XME SS SPDR S&P Metals Mining | Add +16.8% | 0.16% | +0.03 |
| ABT Abbott Laboratories | Add +20.0% | 0.35% | +0.03 |
| JAZZ Jazz Pharmaceuticals PLC | Add +4654.2% | 0.03% | +0.03 |
| EFX Equifax Inc. | Add +75.4% | 0.07% | +0.03 |
| DXCM Dexcom Inc. | Add +17.1% | 0.11% | +0.03 |
| CBRE CBRE Group Inc. Class A | Add +53.6% | 0.08% | +0.03 |
| BA The Boeing Co. | New | 0.02% | +0.02 |
| CRWV Coreweave Inc. Class A | New | 0.02% | +0.02 |
| OKTA Okta Inc. | New | 0.02% | +0.02 |
| EMR Emerson Electric Co. | Add +0.2% | 0.26% | +0.02 |
| C Citigroup Inc. | Add +0.4% | 0.28% | +0.02 |
| SNPS Synopsys Inc. | Add +24.8% | 0.07% | +0.02 |
| XOP SS SPDR S&P Og Exp & Prod | Add +33.5% | 0.15% | +0.02 |
| CAAP Corp. America Airports SA | New | 0.02% | +0.02 |
| ANSS Ansys Inc. | Add +46.4% | 0.06% | +0.02 |
| LITE Lumentum Holdings Inc. | New | 0.02% | +0.02 |
| ICLN iShares Global Clean Energy | Add +5.0% | 0.24% | +0.01 |
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 |