Baader Bank Aktiengesellschaft

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), Baader Bank Aktiengesellschaft reported 343 stock positions worth $1.1 billion. Its top holding was Microsoft (MSFT) at 7.2% of the portfolio, followed by Amazon.com (AMZN, 7.1%) and Alphabet Class A (GOOGL, 6.3%). Compared with Q3 2024, it opened 73 new positions, sold out of 128, added to 79 and reduced 173. The biggest buy was a new position in Teradyne (TER) and the biggest sale Intuitive Surgical (ISRG, shares −90%).

Most Recent 13F
Q2 2026
Location
Unterschleissheim, 2M
CIK
0001542629
Portfolio Value
$1.1B (Q4 2024)
SEC Filing
0001213900-25-005788 ↗ filed Jan 23, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.1B $1.1B Q4 2024 Q1 2025: $989.8M Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 343 stocks · $1.1B

MSFT Microsoft Corp. 7.17% 185,144 $78.0M Reduce -1.4%
AMZN Amazon.com Inc. 7.11% 352,319 $77.3M Reduce -4.0%
GOOGL Alphabet Inc. Class A 6.29% 361,657 $68.5M Reduce -14.9%
META Meta Platforms Inc. Class A 4.62% 85,892 $50.3M Reduce -1.2%
LIN Linde PLC 4.24% 110,258 $46.1M Reduce -0.8%
NVDA Nvidia Corp. 3.26% 263,978 $35.4M Reduce -25.1%
AAPL Apple Inc. 2.80% 121,763 $30.5M Reduce -18.8%
CRM Salesforce Inc. 2.65% 86,190 $28.8M Reduce -7.6%
ORCL Oracle Corp. 2.37% 155,000 $25.8M Reduce -0.9%
WMT Walmart Inc. 2.18% 262,001 $23.7M Reduce -21.1%
ADBE Adobe Inc. 1.68% 41,182 $18.3M Add +0.1%
TMO Thermo Fisher Scientific Inc. 1.50% 31,391 $16.3M Reduce -6.1%
BNTX Biontech SE-ADR 1.47% 140,400 $16.0M Reduce -2.7%
QCOM Qualcomm Inc. 1.37% 97,105 $14.9M Add +1.4%
UNH Unitedhealth Group Inc. 1.31% 28,148 $14.2M Reduce -17.5%
BRK.B Berkshire Hathaway Inc. Class B 1.14% 27,402 $12.4M Reduce -12.9%
V Visa Inc. Class A 1.04% 35,894 $11.3M Add +2.7%
SPGI S&P Global Inc. 0.99% 21,602 $10.8M Reduce -2.6%
UBS UBS Group AG-Reg 0.98% 350,000 $10.7M No change
PYPL PayPal Holdings Inc. 0.96% 122,677 $10.5M Reduce -20.7%
DHR Danaher Corp. 0.94% 44,723 $10.3M Add +1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.90% 87,698 $9.8M Reduce -8.0%
BRK.A Berkshire Hathaway Inc. Class A 0.88% 14 $9.5M No change
MA Mastercard Inc. Class A 0.87% 17,971 $9.5M Reduce -19.5%
CDNS Cadence Design SYS Inc. 0.86% 31,065 $9.3M Add +35.5%
DB Deutsche Bank AG-Registered 0.85% 534,874 $9.2M Reduce -7.0%
NDAQ Nasdaq Inc. 0.85% 119,216 $9.2M Reduce -23.7%
JNJ Johnson & Johnson 0.83% 62,757 $9.1M Reduce -12.5%
EW Edwards Lifesciences Corp. 0.83% 121,261 $9.0M Add +0.2%
FTNT Fortinet Inc. 0.82% 94,241 $8.9M Reduce -28.2%
TER Teradyne Inc. 0.82% 70,618 $8.9M New
ILMN Illumina Inc. 0.82% 66,505 $8.9M Add +10.0%
HD Home Depot Inc. 0.80% 22,472 $8.7M Reduce -24.5%
ABNB Airbnb Inc. Class A 0.78% 64,532 $8.5M Reduce -52.0%
AMD Advanced Micro Devices 0.76% 68,628 $8.3M Reduce -0.4%
CAT Caterpillar Inc. 0.76% 22,837 $8.3M Reduce -0.8%
RSG Republic Services Inc. 0.76% 41,090 $8.3M Reduce -2.8%
KLAC KLA Corp. 0.75% 12,995 $8.2M Add +40.4%
JPM JPMorgan Chase & Co. 0.75% 33,857 $8.1M Add +53.6%
ACN Accenture PLC Class A 0.74% 22,964 $8.1M Add +10.0%
RMD Resmed Inc. 0.72% 34,242 $7.8M Reduce -8.8%
FERG Ferguson Enterprises Inc. 0.68% 42,476 $7.4M Add +81.8%
AON Aon PLC Class A 0.63% 19,178 $6.9M Reduce -29.3%
PGR Progressive Corp. 0.63% 28,729 $6.9M Reduce -2.9%
MTD Mettler-Toledo International 0.61% 5,388 $6.6M Add +1.0%
MNTK Montauk Renewables Inc. 0.59% 1,605,000 $6.4M No change
AMAT Applied Materials Inc. 0.58% 38,938 $6.3M Reduce -6.9%
NKE Nike Inc. Class B 0.53% 76,446 $5.8M Reduce -52.1%
BKNG Booking Holdings Inc. 0.52% 1,149 $5.7M Reduce -49.1%
CRWD CrowdStrike Holdings Inc. Class A 0.48% 15,344 $5.3M Add +7.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.44% 22,000 $4.8M Reduce -1.5%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.41% 4,261 $4.5M Add +0.1%
NFLX Netflix Inc. 0.40% 4,930 $4.4M Reduce -7.8%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.40% 46,200 $4.4M Reduce -22.0%
EXAS Exact Sciences Corp. 0.40% 77,053 $4.3M New
HEI Heico Corp. 0.39% 17,650 $4.2M Reduce -9.5%
CHTR Charter Communications Inc. Class A 0.37% 11,720 $4.0M Reduce -1.3%
NBIS Nebius Group NV 0.37% 145,000 $4.0M New
COP Conocophillips 0.36% 39,545 $3.9M Reduce -24.0%
TSM Taiwan Semiconductor-SP ADR 0.34% 18,829 $3.7M Reduce -24.6%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.34% 355,332 $3.7M Add +19.6%
AVGO Broadcom Inc. 0.33% 15,354 $3.6M Add +26.8%
XOM Exxon Mobil Corp. 0.33% 32,966 $3.5M Reduce -3.1%
UBER Uber Technologies Inc. 0.31% 56,592 $3.4M Add +1705.2%
LLY Eli Lilly & Co. 0.30% 4,290 $3.3M Reduce -5.9%
APD Air Products & Chemicals Inc. 0.27% 10,229 $3.0M Reduce -11.2%
EH Ehang Holdings Ltd.-SPS ADR 0.26% 178,000 $2.8M Add +22.8%
TCX Tucows Inc. Class A 0.26% 163,472 $2.8M Add +0.0%
ETN Eaton Corp. PLC 0.25% 8,100 $2.7M No change
CAN Canaan Inc. 0.25% 1,305,724 $2.7M Add +287.0%
SNPS Synopsys Inc. 0.24% 5,447 $2.6M Reduce -46.4%
ANET Arista Networks Inc. 0.24% 23,568 $2.6M Reduce -2.9%
MMM 3M Co. 0.22% 18,299 $2.4M Reduce -17.6%
COIN Coinbase Global Inc. Class A 0.21% 9,208 $2.3M Reduce -49.1%
MSI Motorola Solutions Inc. 0.21% 4,868 $2.3M Add +10.0%
MDB Mongodb Inc. 0.21% 9,595 $2.2M Add +199.8%
QGEN Qiagen NV 0.20% 49,214 $2.2M Reduce -1.5%
ESTC Elastic NV 0.20% 22,000 $2.2M Add +29.4%
PG The Procter & Gamble Co. 0.20% 12,747 $2.1M Reduce -5.0%
IWM iShares Russell 2000 ETF 0.19% 9,350 $2.1M New
TSLA Tesla Inc. 0.18% 4,963 $2.0M Reduce -56.6%
INTU Intuit Inc. 0.18% 3,060 $1.9M Reduce -46.6%
GOOG Alphabet Inc. Class C 0.18% 10,050 $1.9M Reduce -19.4%
CPRT Copart Inc. 0.17% 32,660 $1.9M Reduce -12.9%
SPOT Spotify Technology SA 0.17% 4,185 $1.9M Reduce -5.7%
SYK Stryker Corp. 0.17% 5,085 $1.8M Add +25.4%
ROK Rockwell Automation Inc. 0.17% 6,317 $1.8M Add +0.3%
PFE Pfizer Inc. 0.17% 67,980 $1.8M Reduce -9.7%
ANSS Ansys Inc. 0.16% 5,314 $1.8M Add +0.2%
HUBS HubSpot Inc. 0.16% 2,500 $1.7M No change
SNAP Snap Inc. Class A 0.16% 160,791 $1.7M Add +23.1%
KO The Coca-Cola Co. 0.16% 27,705 $1.7M Reduce -22.6%
CCJ Cameco Corp. 0.16% 33,000 $1.7M Reduce -12.5%
MDT Medtronic PLC 0.15% 20,393 $1.6M Add +61.7%
RBLX Roblox Corp. Class A 0.15% 27,500 $1.6M No change
MCD McDonald's Corp. 0.15% 5,455 $1.6M Reduce -3.8%
SBUX Starbucks Corp. 0.14% 16,900 $1.5M Add +4.5%
WDH Waterdrop Inc. 0.14% 1,291,585 $1.5M Add +1198.2%
ZS Zscaler Inc. 0.14% 8,400 $1.5M Add +30.3%
GRAB Grab Holdings Ltd. Class A 0.14% 315,000 $1.5M Add +764.5%

Show all 343 holdings

Options reported separately and not counted above: TSLA puts ($96.9M), MELI calls ($23.8M), EBAY calls ($22.9M), DIS calls ($20.0M), WMT puts ($18.5M), AON puts ($16.5M), GOOGL puts ($15.9M), GWW puts ($8.9M), TER puts ($8.8M), MDB calls ($8.1M), BRK.B puts ($8.1M), DIS puts ($8.0M), and 27 more.

Portfolio Sells Q3 2024 → Q4 2024

ISRG Intuitive Surgical Inc. Reduce -90.3% 0.11% −0.84
NKE Nike Inc. Class B Reduce -52.1% 0.53% −0.65
ABNB Airbnb Inc. Class A Reduce -52.0% 0.78% −0.65
CNI Canadian Natl Railway Co. Reduce -73.5% 0.13% −0.39
UNH Unitedhealth Group Inc. Reduce -17.5% 1.31% −0.36
BKNG Booking Holdings Inc. Reduce -49.1% 0.52% −0.28
NVDA Nvidia Corp. Reduce -25.1% 3.26% −0.25
TMO Thermo Fisher Scientific Inc. Reduce -6.1% 1.50% −0.24
FSLR First Solar Inc. Sold out 0.00% −0.24
BABA Alibaba Group Holding-SP ADR Reduce -80.7% 0.06% −0.23
LIN Linde PLC Reduce -0.8% 4.24% −0.22
HD Home Depot Inc. Reduce -24.5% 0.80% −0.21
SNPS Synopsys Inc. Reduce -46.4% 0.24% −0.19
AMD Advanced Micro Devices Reduce -0.4% 0.76% −0.18
AON Aon PLC Class A Reduce -29.3% 0.63% −0.16
API Agora Inc.-ADR Reduce -93.0% 0.02% −0.14
COMP Compass Inc. Class A Sold out 0.00% −0.13
JNJ Johnson & Johnson Reduce -12.5% 0.83% −0.13
AMAT Applied Materials Inc. Reduce -6.9% 0.58% −0.13
KSPI JSC Kaspi.kz ADR Reduce -22.0% 0.40% −0.13
INTU Intuit Inc. Reduce -46.6% 0.18% −0.12
NDAQ Nasdaq Inc. Reduce -23.7% 0.85% −0.11
STLA Stellantis NV Reduce -50.0% 0.12% −0.11
UPST Upstart Holdings Inc. Sold out 0.00% −0.11
THC Tenet Healthcare Corp. Sold out 0.00% −0.11
JD Jd.com Inc.-ADR Sold out 0.00% −0.11
LIF LIFE360 Inc. Sold out 0.00% −0.11
COP Conocophillips Reduce -24.0% 0.36% −0.10
MSTR Strategy Inc. Sold out 0.00% −0.10
SOFI Sofi Technologies Inc. Sold out 0.00% −0.10
BLK BlackRock Inc. Reduce -51.1% 0.14% −0.10
TDOC Teladoc Health Inc. Sold out 0.00% −0.09
AAPL Apple Inc. Reduce -18.8% 2.80% −0.09
TGT Target Corp. Sold out 0.00% −0.09
ADMA Adma Biologics Inc. Sold out 0.00% −0.09
LUMN Lumen Technologies Inc. Reduce -27.6% 0.12% −0.09
EME Emcor Group Inc. Reduce -52.3% 0.10% −0.08
WMT Walmart Inc. Reduce -21.1% 2.18% −0.08
BILI Bilibili Inc.-Sponsored ADR Sold out 0.00% −0.08
UTHR United Therapeutics Corp. Sold out 0.00% −0.08
MCO Moody's Corp. Reduce -49.3% 0.10% −0.08
TT Trane Technologies PLC Reduce -47.8% 0.09% −0.08
OPEN Opendoor Technologies Inc. Sold out 0.00% −0.08
HCA HCA Healthcare Inc. Sold out 0.00% −0.07
ELV Elevance Health Inc. Sold out 0.00% −0.07
INFY Infosys Ltd.-SP ADR Sold out 0.00% −0.07
FFIV F5 Inc. Sold out 0.00% −0.07
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.07
ALL Allstate Corp. Reduce -77.3% 0.02% −0.07
MO Altria Group Inc. Sold out 0.00% −0.06

Portfolio Buys Q3 2024 → Q4 2024

TER Teradyne Inc. New 0.82% +0.82
EXAS Exact Sciences Corp. New 0.40% +0.40
NBIS Nebius Group NV New 0.37% +0.37
JPM JPMorgan Chase & Co. Add +53.6% 0.75% +0.36
CDNS Cadence Design SYS Inc. Add +35.5% 0.86% +0.35
UBER Uber Technologies Inc. Add +1705.2% 0.31% +0.29
FERG Ferguson Enterprises Inc. Add +81.8% 0.68% +0.29
V Visa Inc. Class A Add +2.7% 1.04% +0.24
CAN Canaan Inc. Add +287.0% 0.25% +0.22
IWM iShares Russell 2000 ETF New 0.19% +0.19
AVGO Broadcom Inc. Add +26.8% 0.33% +0.15
ILMN Illumina Inc. Add +10.0% 0.82% +0.15
EW Edwards Lifesciences Corp. Add +0.2% 0.83% +0.15
KLAC KLA Corp. Add +40.4% 0.75% +0.15
CRWD CrowdStrike Holdings Inc. Class A Add +7.7% 0.48% +0.15
MDB Mongodb Inc. Add +199.8% 0.21% +0.13
WDH Waterdrop Inc. Add +1198.2% 0.14% +0.13
GRAB Grab Holdings Ltd. Class A Add +764.5% 0.14% +0.13
ACN Accenture PLC Class A Add +10.0% 0.74% +0.12
MRVL Marvell Technology Inc. New 0.10% +0.10
ESTC Elastic NV Add +29.4% 0.20% +0.09
GTLB Gitlab Inc. Class A New 0.09% +0.09
EH Ehang Holdings Ltd.-SPS ADR Add +22.8% 0.26% +0.08
UAL United Airlines Holdings Inc. New 0.08% +0.08
CSCO Cisco Systems Inc. New 0.07% +0.07
CTSH Cognizant Tech Solutions-A Add +287.0% 0.09% +0.07
GILD Gilead Sciences Inc. Add +208.4% 0.09% +0.07
FOXA Fox Corp. Class A New 0.06% +0.06
TRV The Travelers Cos Inc. Add +260.9% 0.08% +0.06
BITF Bitfarms Ltd./Canada Add +245.8% 0.10% +0.06
IREN Iren Ltd. Add +66.7% 0.11% +0.06
EA Electronic Arts Inc. New 0.06% +0.06
TRVG Trivago NV - ADR New 0.06% +0.06
MDT Medtronic PLC Add +61.7% 0.15% +0.05
BTDR Bitdeer Technologies Group-A New 0.05% +0.05
TTE Totalenergies SE -Spon ADR New 0.05% +0.05
SITM Sitime Corp. New 0.05% +0.05
LEN Lennar Corp. Class A New 0.05% +0.05
ZS Zscaler Inc. Add +30.3% 0.14% +0.05
SYK Stryker Corp. Add +25.4% 0.17% +0.05
AMGN Amgen Inc. Add +258.5% 0.07% +0.05
MTZ Mastec Inc. New 0.04% +0.04
NTRA Natera Inc. New 0.04% +0.04
SNAP Snap Inc. Class A Add +23.1% 0.16% +0.04
GWW WW Grainger Inc. Add +0.1% 0.41% +0.04
HAL Halliburton Co. New 0.04% +0.04
SLB SLB Ltd. New 0.04% +0.04
MSI Motorola Solutions Inc. Add +10.0% 0.21% +0.04
UI Ubiquiti Inc. New 0.04% +0.04
MARA Mara Holdings Inc. New 0.04% +0.04

Options Activity Q3 2024 → Q4 2024

TSLA Tesla Inc. put Add +500.0% 240,000 $96.9M
ISRG Intuitive Surgical Inc. put Sold out 60,900 $29.9Mbefore exit
MELI MercadoLibre Inc. call New 14,000 $23.8M
EBAY eBay Inc. call New 370,000 $22.9M
WMT Walmart Inc. put Reduce -45.8% 205,000 $18.5M
AON Aon PLC Class A put Reduce -14.8% 46,000 $16.5M
GOOGL Alphabet Inc. Class A put Add +100.0% 84,000 $15.9M
PDD PDD Holdings Inc. put Sold out 104,400 $11.2Mbefore exit
GWW WW Grainger Inc. put Add +100.0% 8,400 $8.9M
TER Teradyne Inc. put New 70,000 $8.8M
HPE Hewlett Packard Enterprise call Sold out 400,000 $8.2Mbefore exit
MDB Mongodb Inc. call New 35,000 $8.1M
BRK.B Berkshire Hathaway Inc. Class B put Reduce -55.5% 17,800 $8.1M
MSFT Microsoft Corp. put Reduce -50.0% 19,000 $8.0M
CAT Caterpillar Inc. put Reduce -50.0% 22,000 $8.0M
PYPL PayPal Holdings Inc. call Sold out 100,000 $7.8Mbefore exit
NDAQ Nasdaq Inc. put Reduce -63.5% 100,000 $7.7M
FTNT Fortinet Inc. put Reduce -78.5% 80,000 $7.6M
LIN Linde PLC put Reduce -50.0% 18,000 $7.5M
PYPL PayPal Holdings Inc. put Reduce -29.3% 87,000 $7.4M
HD Home Depot Inc. put Reduce -26.9% 19,000 $7.4M
MA Mastercard Inc. Class A put Reduce -22.2% 14,000 $7.4M
CRM Salesforce Inc. put Reduce -21.4% 22,000 $7.4M
NKE Nike Inc. Class B put Sold out 82,700 $7.3Mbefore exit
AMZN Amazon.com Inc. put Reduce -59.8% 33,000 $7.2M
JNJ Johnson & Johnson put New 50,000 $7.2M
RMD Resmed Inc. put Reduce -13.9% 31,000 $7.1M
META Meta Platforms Inc. Class A put Reduce -75.0% 12,000 $7.0M
NVDA Nvidia Corp. put Reduce -57.3% 51,300 $6.9M
TDOC Teladoc Health Inc. call Sold out 750,000 $6.9Mbefore exit
KLAC KLA Corp. put Add +90.9% 10,500 $6.6M
MTD Mettler-Toledo International put Reduce -50.0% 5,200 $6.4M
AAPL Apple Inc. put Reduce -70.4% 24,000 $6.0M
UNH Unitedhealth Group Inc. put Reduce -27.6% 11,000 $5.6M
BKNG Booking Holdings Inc. put Reduce -83.3% 1,000 $5.0M
SOFI Sofi Technologies Inc. call Sold out 191,000 $1.5Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 391$1.2BGOOGL, AMZN, MSFT, LIN, META
Q1 2026 380$1.0BGOOGL, AMZN, MSFT, LIN, META
Q4 2025 405$1.2BGOOGL, AMZN, MSFT, META, LIN
Q3 2025 456$1.2BMSFT, GOOGL, AMZN, META, LIN
Q2 2025 397$1.2BMSFT, AMZN, META, GOOGL, LIN
Q1 2025 375$989.8MMSFT, AMZN, GOOGL, LIN, META
Q4 2024 343$1.1BMSFT, AMZN, GOOGL, META, LIN
Q3 2024 398$1.2BMSFT, GOOGL, AMZN, LIN, META
Q2 2024 385$1.3BMSFT, GOOGL, AMZN, NVDA, LIN
Q1 2024 287$1.2BMSFT, GOOGL, AMZN, LIN, META