Allianz SE
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Allianz SE reported 372 stock positions worth $4.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 23.3% of the portfolio, followed by Nvidia (NVDA, 3.6%) and Microsoft (MSFT, 3.5%). Compared with Q2 2025, it opened 27 new positions, sold out of 42, added to 113 and reduced 83. The biggest buy was Barrick Mining (B, shares +47%) and the biggest sale an exit from Vaneck Semiconductor ETF (SMH).
- Most Recent 13F
- Q2 2026
- Location
- Munich, 2M
- CIK
- 0001127508
- Portfolio Value
- $4.7B (Q3 2025)
- SEC Filing
- 0001193125-25-276089 ↗ filed Nov 12, 2025
Holdings Value
Holdings 372 stocks · $4.7B
| IVV iShares Core S&P 500 ETF | 23.34% | 1,640,740 | $1.1B | Add +3.6% |
| NVDA Nvidia Corp. | 3.58% | 901,926 | $168.3M | Reduce -1.8% |
| MSFT Microsoft Corp. | 3.54% | 321,516 | $166.5M | Add +1.6% |
| AAPL Apple Inc. | 3.27% | 604,495 | $153.9M | Add +1.7% |
| NEM Newmont Corp. | 3.17% | 1,769,056 | $149.1M | Reduce -0.9% |
| QQQ Invesco QQQ Trust Series 1 | 2.69% | 210,957 | $126.7M | Add +36.5% |
| AMZN Amazon.com Inc. | 2.46% | 527,482 | $115.8M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 2.39% | 462,358 | $112.4M | Reduce -1.1% |
| B Barrick Mining Corp. | 2.26% | 3,230,629 | $106.1M | Add +47.2% |
| IAU iShares Gold Trust | 1.83% | 1,186,632 | $86.4M | Add +2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.63% | 115,137 | $76.7M | Add +17.6% |
| ALTI Alti Global Inc. | 1.58% | 20,841,870 | $74.2M | Add +7.9% |
| ACWI iShares MSCI Acwi ETF | 1.54% | 525,931 | $72.7M | Add +0.0% |
| JPM JPMorgan Chase & Co. | 1.37% | 204,812 | $64.6M | Reduce -1.5% |
| EZU iShares MSCI Eurozone ETF | 1.26% | 956,487 | $59.2M | Add +1.7% |
| META Meta Platforms Inc. Class A | 1.25% | 79,832 | $58.6M | Add +0.3% |
| AVGO Broadcom Inc. | 1.20% | 170,477 | $56.2M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 1.18% | 227,469 | $55.4M | Reduce -1.4% |
| TSLA Tesla Inc. | 1.02% | 108,305 | $48.2M | Add +2.2% |
| AXP American Express Co. | 0.92% | 130,352 | $43.3M | Reduce -0.4% |
| V Visa Inc. Class A | 0.82% | 113,487 | $38.7M | Add +1.2% |
| MA Mastercard Inc. Class A | 0.79% | 65,082 | $37.0M | Reduce -1.8% |
| VOO Vanguard S&P 500 ETF | 0.72% | 55,054 | $33.7M | Add +307.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.71% | 66,568 | $33.5M | Add +4.8% |
| LIN Linde PLC | 0.67% | 65,968 | $31.3M | Reduce -0.3% |
| ORCL Oracle Corp. | 0.65% | 109,007 | $30.7M | Reduce -5.2% |
| LLY Eli Lilly & Co. | 0.64% | 39,590 | $30.2M | Reduce -2.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.60% | 342,489 | $28.4M | Add +7.3% |
| PM Philip Morris International | 0.57% | 164,342 | $26.7M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.55% | 75,618 | $26.1M | Add +2.1% |
| JNJ Johnson & Johnson | 0.52% | 131,612 | $24.4M | Reduce -1.2% |
| NFLX Netflix Inc. | 0.51% | 20,109 | $24.1M | Add +1.3% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.49% | 102,515 | $23.3M | Add +3.5% |
| CAT Caterpillar Inc. | 0.48% | 47,764 | $22.8M | No change |
| ABBV Abbvie Inc. | 0.47% | 94,649 | $21.9M | Reduce -0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.46% | 189,371 | $21.7M | Add +0.0% |
| EEM iShares MSCI Emerging Market | 0.43% | 383,216 | $20.5M | Add +2.3% |
| COST Costco Wholesale Corp. | 0.43% | 21,903 | $20.3M | Add +4.5% |
| WMT Walmart Inc. | 0.42% | 189,744 | $19.6M | No change |
| MCD McDonald's Corp. | 0.41% | 63,646 | $19.3M | Reduce -1.2% |
| VWO Vanguard Ftse Emerging Marke | 0.40% | 346,097 | $18.8M | No change |
| PFE Pfizer Inc. | 0.40% | 734,856 | $18.7M | No change |
| VFH Vanguard Financials ETF | 0.38% | 136,810 | $18.0M | Add +297313.0% |
| WFC Wells Fargo & Co. | 0.37% | 206,925 | $17.3M | No change |
| UBER Uber Technologies Inc. | 0.37% | 176,862 | $17.3M | Reduce -32.2% |
| AMD Advanced Micro Devices | 0.37% | 106,201 | $17.2M | Add +32.5% |
| CSCO Cisco Systems Inc. | 0.36% | 250,879 | $17.2M | Add +3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.36% | 331,935 | $17.1M | Reduce -0.3% |
| GS Goldman Sachs Group Inc. | 0.36% | 21,297 | $17.0M | Add +1.7% |
| FXI iShares China Large-Cap ETF | 0.36% | 410,734 | $16.9M | Add +4.7% |
| HD Home Depot Inc. | 0.36% | 41,291 | $16.7M | Add +8.4% |
| RACE Ferrari NV | 0.35% | 34,392 | $16.7M | Add +5.9% |
| PG The Procter & Gamble Co. | 0.34% | 103,190 | $15.9M | Reduce -0.8% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.33% | 282,008 | $15.5M | Add +3.1% |
| FDX FedEx Corp. | 0.33% | 65,201 | $15.4M | No change |
| GE General Electric filed as GE AEROSPACE | 0.32% | 49,640 | $14.9M | Add +4.5% |
| NEE Nextera Energy Inc. | 0.32% | 197,123 | $14.9M | Add +2.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.31% | 56,605 | $14.4M | Add +23004.1% |
| C Citigroup Inc. | 0.30% | 139,860 | $14.2M | Reduce -1.0% |
| MS Morgan Stanley | 0.30% | 88,907 | $14.1M | Add +3.9% |
| PLTR Palantir Technologies Inc. Class A | 0.30% | 77,185 | $14.1M | No change |
| ENB Enbridge Inc. | 0.30% | 277,000 | $14.0M | No change |
| AEM Agnico Eagle Mines Ltd. | 0.29% | 80,354 | $13.5M | Add +1.0% |
| BKF iShares MSCI Bic ETF | 0.29% | 297,584 | $13.5M | Add +1.9% |
| ADBE Adobe Inc. | 0.28% | 37,721 | $13.3M | Add +62.8% |
| BLK BlackRock Inc. | 0.27% | 10,949 | $12.8M | Reduce -1.5% |
| ICLN iShares Global Clean Energy | 0.26% | 782,877 | $12.1M | Add +2.8% |
| CRM Salesforce Inc. | 0.25% | 49,851 | $11.8M | Reduce -6.9% |
| AMGN Amgen Inc. | 0.25% | 41,346 | $11.7M | Add +7.9% |
| TMUS T-Mobile US Inc. | 0.25% | 48,711 | $11.7M | No change |
| ABT Abbott Laboratories | 0.25% | 86,499 | $11.6M | Reduce -21.2% |
| AMT American Tower Corp. | 0.24% | 59,889 | $11.5M | Add +0.5% |
| ISRG Intuitive Surgical Inc. | 0.24% | 25,680 | $11.5M | Add +23.6% |
| QCOM Qualcomm Inc. | 0.24% | 68,925 | $11.5M | Reduce -36.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 40,213 | $11.3M | Add +6.4% |
| SRE Sempra | 0.23% | 121,190 | $10.9M | No change |
| EMR Emerson Electric Co. | 0.23% | 82,658 | $10.8M | No change |
| INTU Intuit Inc. | 0.23% | 15,529 | $10.6M | Add +5.5% |
| HSY The Hershey Co. | 0.22% | 55,741 | $10.4M | No change |
| DASH DoorDash Inc. Class A | 0.22% | 37,300 | $10.1M | No change |
| GHYG iShares Us&intl High Yield C | 0.21% | 214,572 | $10.0M | Add +1.3% |
| ADI Analog Devices Inc. | 0.21% | 40,484 | $9.9M | No change |
| PEP Pepsico Inc. | 0.21% | 70,510 | $9.9M | Add +61.6% |
| SE Sea Ltd.-ADR | 0.21% | 54,510 | $9.7M | No change |
| WM Waste Management Inc. | 0.20% | 43,654 | $9.6M | Reduce -4.8% |
| T AT&T Inc. | 0.20% | 338,198 | $9.6M | No change |
| SPG Simon Property Group Inc. | 0.20% | 50,278 | $9.4M | Reduce -2.2% |
| AZO AutoZone Inc. | 0.20% | 2,199 | $9.4M | Reduce -3.9% |
| ADP Automatic Data Processing | 0.20% | 32,046 | $9.4M | Add +6.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.20% | 23,921 | $9.4M | Reduce -0.1% |
| LOW Lowe's Cos Inc. | 0.20% | 37,096 | $9.3M | No change |
| CB Chubb Ltd. | 0.20% | 32,720 | $9.2M | No change |
| NKE Nike Inc. Class B | 0.20% | 132,037 | $9.2M | Add +0.9% |
| SHOP Shopify Inc. Class A | 0.19% | 60,646 | $9.0M | Add +0.1% |
| MET Metlife Inc. | 0.19% | 106,644 | $8.8M | Reduce -1.5% |
| SCHW Schwab (charles) Corp. | 0.18% | 90,478 | $8.6M | Reduce -0.4% |
| AIG American International Group | 0.18% | 108,378 | $8.5M | No change |
| MRK Merck & Co. Inc. | 0.18% | 100,714 | $8.5M | Reduce -3.2% |
| RTX RTX Corp. | 0.18% | 50,282 | $8.4M | Reduce -10.6% |
| IEMG iShares Core MSCI Emerging | 0.18% | 126,550 | $8.3M | Add +1.2% |
Portfolio Sells Q2 2025 → Q3 2025
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −1.31 |
| VTWO Vanguard Russell 2000 ETF | Sold out | 0.00% | −0.65 |
| SPHB Invesco S&P 500 High Beta Et | Sold out | 0.00% | −0.52 |
| ARKK ARK Innovation ETF | Sold out | 0.00% | −0.45 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.34 |
| UBER Uber Technologies Inc. | Reduce -32.2% | 0.37% | −0.21 |
| QCOM Qualcomm Inc. | Reduce -36.0% | 0.24% | −0.16 |
| KO The Coca-Cola Co. | Reduce -31.7% | 0.16% | −0.12 |
| ABT Abbott Laboratories | Reduce -21.2% | 0.25% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -2.2% | 0.64% | −0.10 |
| MU Micron Technology Inc. | Reduce -77.0% | 0.04% | −0.10 |
| DXCM Dexcom Inc. | Reduce -83.4% | 0.01% | −0.10 |
| CRM Salesforce Inc. | Reduce -6.9% | 0.25% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -1.8% | 0.79% | −0.09 |
| LIN Linde PLC | Reduce -0.3% | 0.67% | −0.07 |
| AXP American Express Co. | Reduce -0.4% | 0.92% | −0.07 |
| SBUX Starbucks Corp. | Reduce -88.1% | 0.01% | −0.06 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -0.8% | 0.34% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.1% | 0.20% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -1.5% | 1.37% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -10.7% | 0.14% | −0.05 |
| CI The Cigna Group | Reduce -2.5% | 0.15% | −0.05 |
| WM Waste Management Inc. | Reduce -4.8% | 0.20% | −0.04 |
| UPS United Parcel Service Class B | Reduce -0.2% | 0.12% | −0.04 |
| DECK Deckers Outdoor Corp. | Reduce -86.2% | 0.01% | −0.04 |
| MCD McDonald's Corp. | Reduce -1.2% | 0.41% | −0.03 |
| DHR Danaher Corp. | Reduce -11.0% | 0.13% | −0.03 |
| CMG Chipotle Mexican Grill Inc. | Reduce -7.7% | 0.04% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -61.6% | 0.01% | −0.03 |
| CARR Carrier Global Corp. | Reduce -11.3% | 0.05% | −0.02 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.02 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.02 |
| MET Metlife Inc. | Reduce -1.5% | 0.19% | −0.02 |
| EXR Extra Space Storage Inc. | Reduce -5.4% | 0.08% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -32.9% | 0.04% | −0.02 |
| HON Honeywell International Inc. | Reduce -57.1% | 0.01% | −0.02 |
| CAAP Corp. America Airports SA | Sold out | 0.00% | −0.02 |
| PDD PDD Holdings Inc. | Reduce -51.3% | 0.02% | −0.02 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.02 |
| OKTA Okta Inc. | Reduce -67.3% | 0.01% | −0.02 |
| RTX RTX Corp. | Reduce -10.6% | 0.18% | −0.02 |
| AGI Alamos Gold Inc. Class A | Reduce -15.9% | 0.04% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -3.2% | 0.18% | −0.02 |
| HWM Howmet Aerospace Inc. | Reduce -3.0% | 0.17% | −0.01 |
| STLD Steel Dynamics Inc. | Reduce -69.8% | 0.01% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.6% | 0.09% | −0.01 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −0.01 |
| KR Kroger Co. | Sold out | 0.00% | −0.01 |
| PPC Pilgrim's Pride Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| B Barrick Mining Corp. | Add +47.2% | 2.26% | +1.18 |
| QQQ Invesco QQQ Trust Series 1 | Add +36.5% | 2.69% | +0.68 |
| VOO Vanguard S&P 500 ETF | Add +307.8% | 0.72% | +0.54 |
| AAPL Apple Inc. | Add +1.7% | 3.27% | +0.39 |
| VFH Vanguard Financials ETF | Add +297313.0% | 0.38% | +0.38 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +23004.1% | 0.31% | +0.30 |
| TSLA Tesla Inc. | Add +2.2% | 1.02% | +0.23 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +17.6% | 1.63% | +0.20 |
| GEV GE Vernova Inc. | New | 0.17% | +0.17 |
| RCL Royal Caribbean Cruises Ltd. | Add +928.5% | 0.16% | +0.15 |
| WCN Waste Connections Inc. | New | 0.15% | +0.15 |
| IAU iShares Gold Trust | Add +2.8% | 1.83% | +0.13 |
| SLB SLB Ltd. | Add +334.1% | 0.14% | +0.11 |
| AMAT Applied Materials Inc. | Add +727.8% | 0.12% | +0.10 |
| AMD Advanced Micro Devices | Add +32.5% | 0.37% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +3.6% | 23.34% | +0.09 |
| LITE Lumentum Holdings Inc. | Add +309.8% | 0.10% | +0.08 |
| PEP Pepsico Inc. | Add +61.6% | 0.21% | +0.07 |
| ADBE Adobe Inc. | Add +62.8% | 0.28% | +0.07 |
| LEU Centrus Energy Corp. Class A | Add +423.1% | 0.08% | +0.07 |
| AEM Agnico Eagle Mines Ltd. | Add +1.0% | 0.29% | +0.06 |
| INTC Intel Corp. | Add +68.6% | 0.11% | +0.06 |
| CCI Crown Castle Inc. | Add +471.9% | 0.06% | +0.04 |
| EMBJ Embraer SA-Spon ADR | New | 0.04% | +0.04 |
| TEL Te Connectivity PLC | Add +69.5% | 0.09% | +0.04 |
| GLW Corning Inc. | New | 0.04% | +0.04 |
| KLAC KLA Corp. | Add +20.7% | 0.14% | +0.03 |
| TXN Texas Instruments Inc. | Add +1852.1% | 0.03% | +0.03 |
| GE General Electric | Add +4.5% | 0.32% | +0.03 |
| LRCX Lam Research Corp. | Add +269.1% | 0.04% | +0.03 |
| FNV Franco-Nevada Corp. | Add +21.9% | 0.09% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +13.5% | 0.13% | +0.03 |
| CDNS Cadence Design SYS Inc. | New | 0.03% | +0.03 |
| SHOP Shopify Inc. Class A | Add +0.1% | 0.19% | +0.03 |
| HD Home Depot Inc. | Add +8.4% | 0.36% | +0.03 |
| BKNG Booking Holdings Inc. | Add +314.7% | 0.04% | +0.03 |
| FISV Fiserv Inc. | New | 0.02% | +0.02 |
| BSX Boston Scientific Corp. | Add +397.1% | 0.03% | +0.02 |
| ICLN iShares Global Clean Energy | Add +2.8% | 0.26% | +0.02 |
| COIN Coinbase Global Inc. Class A | Add +603.4% | 0.02% | +0.02 |
| LVS Las Vegas Sands Corp. | New | 0.02% | +0.02 |
| MFC Manulife Financial Corp. | New | 0.02% | +0.02 |
| FSLR First Solar Inc. | New | 0.02% | +0.02 |
| FXI iShares China Large-Cap ETF | Add +4.7% | 0.36% | +0.02 |
| TD Toronto-Dominion Bank | New | 0.02% | +0.02 |
| MTZ Mastec Inc. | New | 0.02% | +0.02 |
| AYI Acuity Inc. | New | 0.02% | +0.02 |
| MCHP Microchip Technology Inc. | New | 0.02% | +0.02 |
| PINS Pinterest Inc. Class A | Add +56.3% | 0.08% | +0.02 |
| KTOS Kratos Defense & Security | Add +578.9% | 0.02% | +0.02 |
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 |