Baader Bank Aktiengesellschaft

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Baader Bank Aktiengesellschaft reported 405 stock positions worth $1.2 billion. Its top holding was Alphabet Class A (GOOGL) at 8.7% of the portfolio, followed by Amazon.com (AMZN, 6.8%) and Microsoft (MSFT, 6.5%). Compared with Q3 2025, it opened 140 new positions, sold out of 191, added to 94 and reduced 160. The biggest buy was Totalenergies SE -Spon ADR (TTE, shares +1408%) and the biggest sale Microsoft (MSFT, shares −4%).

Most Recent 13F
Q2 2026
Location
Unterschleissheim, 2M
CIK
0001542629
Portfolio Value
$1.2B (Q4 2025)
SEC Filing
0001213900-26-012520 ↗ filed Feb 5, 2026

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 Q4 2024 Q1 2025: $989.8M Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.2B $1.2B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 405 stocks · $1.2B

GOOGL Alphabet Inc. Class A 8.74% 335,550 $105.0M Reduce -1.0%
AMZN Amazon.com Inc. 6.79% 353,424 $81.6M Add +2.5%
MSFT Microsoft Corp. 6.53% 162,567 $78.5M Reduce -4.5%
META Meta Platforms Inc. Class A 5.29% 96,492 $63.5M Add +22.3%
LIN Linde PLC 3.31% 93,226 $39.7M Reduce -3.3%
ADBE Adobe Inc. 2.53% 87,047 $30.5M Add +4.8%
AAPL Apple Inc. 2.49% 110,275 $29.9M Add +25.0%
NVDA Nvidia Corp. 2.25% 146,592 $27.1M Reduce -30.5%
CRM Salesforce Inc. 1.74% 78,930 $20.9M Reduce -8.0%
BRK.A Berkshire Hathaway Inc. Class A 1.44% 23 $17.4M Reduce -8.0%
UBS UBS Group AG-Reg 1.40% 360,840 $16.8M No change
ULTA Ulta Beauty Inc. 1.37% 27,311 $16.5M Reduce -5.9%
BNTX Biontech SE-ADR 1.20% 152,339 $14.4M Reduce -0.3%
TTE Totalenergies SE -Spon ADR 1.19% 218,646 $14.3M Add +1408.3%
BKNG Booking Holdings Inc. 1.16% 2,607 $14.0M Add +3.9%
DB Deutsche Bank AG-Registered 1.12% 346,255 $13.5M Add +3.6%
ORCL Oracle Corp. 1.08% 66,498 $12.9M Add +0.6%
JPM JPMorgan Chase & Co. 1.07% 41,166 $12.9M Add +26.6%
FERG Ferguson Enterprises Inc. 0.94% 51,000 $11.4M Reduce -16.4%
PAYC Paycom Software Inc. 0.92% 69,512 $11.1M Add +15.1%
AMD Advanced Micro Devices 0.86% 48,897 $10.4M Reduce -24.8%
TMO Thermo Fisher Scientific Inc. 0.86% 17,812 $10.3M Reduce -36.6%
V Visa Inc. Class A 0.85% 29,160 $10.2M Reduce -5.2%
AVGO Broadcom Inc. 0.84% 29,242 $10.1M Add +98.6%
WMT Walmart Inc. 0.82% 88,694 $9.9M Reduce -4.2%
ABNB Airbnb Inc. Class A 0.73% 64,588 $8.8M Reduce -0.3%
JNJ Johnson & Johnson 0.71% 41,216 $8.5M Reduce -20.0%
MA Mastercard Inc. Class A 0.68% 14,387 $8.2M Reduce -6.5%
NKE Nike Inc. Class B 0.67% 130,093 $8.1M Add +270.6%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.67% 483,858 $8.1M Add +18.0%
CAT Caterpillar Inc. 0.66% 13,915 $8.0M Reduce -26.5%
PYPL PayPal Holdings Inc. 0.66% 138,317 $8.0M Reduce -20.2%
ACN Accenture PLC Class A 0.65% 29,333 $7.9M Add +30.4%
RSG Republic Services Inc. 0.65% 36,776 $7.8M Reduce -4.1%
CDNS Cadence Design SYS Inc. 0.62% 23,962 $7.5M Reduce -4.8%
SNPS Synopsys Inc. 0.61% 15,611 $7.3M Reduce -4.4%
QCOM Qualcomm Inc. 0.60% 42,371 $7.2M Reduce -6.6%
AMAT Applied Materials Inc. 0.58% 27,048 $7.0M Reduce -41.8%
EW Edwards Lifesciences Corp. 0.58% 81,428 $6.9M Reduce -26.4%
DE Deere & Co. 0.58% 14,863 $6.9M Add +10.6%
SYK Stryker Corp. 0.56% 19,095 $6.7M Reduce -5.2%
TER Teradyne Inc. 0.53% 32,874 $6.4M Reduce -59.8%
TXN Texas Instruments Inc. 0.52% 35,799 $6.2M Reduce -6.9%
VRTX Vertex Pharmaceuticals Inc. 0.51% 13,604 $6.2M New
GOOG Alphabet Inc. Class C 0.48% 18,614 $5.8M Reduce -5.8%
BIIB Biogen Inc. 0.48% 32,491 $5.7M Reduce -42.0%
EPAM Epam Systems Inc. 0.47% 27,805 $5.7M Add +24.2%
RMD Resmed Inc. 0.47% 23,364 $5.6M Add +124.3%
TECH Bio-Techne Corp. 0.45% 91,910 $5.4M Reduce -11.5%
TFX Teleflex Inc. 0.44% 43,333 $5.3M Add +32.4%
CTRA Coterra Energy Inc. 0.44% 200,276 $5.3M Add +15.0%
WFC Wells Fargo & Co. 0.43% 55,226 $5.1M Add +15.3%
HLT Hilton Worldwide Holdings Inc. 0.42% 17,519 $5.0M Reduce -0.6%
IEX Idex Corp. 0.41% 27,809 $4.9M Add +27.5%
ANET Arista Networks Inc. 0.37% 33,900 $4.4M Reduce -28.2%
QXO Qxo Inc. 0.37% 230,000 $4.4M No change
TSM Taiwan Semiconductor-SP ADR 0.36% 14,309 $4.3M Add +62.8%
CRWD CrowdStrike Holdings Inc. Class A 0.36% 9,199 $4.3M Reduce -1.6%
ZTS Zoetis Inc. 0.36% 34,464 $4.3M Add +28.4%
HEI Heico Corp. 0.35% 13,005 $4.2M Reduce -0.1%
LLY Eli Lilly & Co. 0.34% 3,879 $4.1M Reduce -9.9%
CRDO Credo Technology Group Holdi 0.34% 28,094 $4.0M New
TCX Tucows Inc. Class A 0.30% 163,216 $3.7M Add +0.0%
MELI MercadoLibre Inc. 0.30% 1,877 $3.7M Add +43.9%
CCJ Cameco Corp. 0.29% 38,355 $3.5M Reduce -10.2%
XOM Exxon Mobil Corp. 0.29% 29,348 $3.5M Add +138.1%
NBIS Nebius Group NV 0.29% 41,500 $3.5M Reduce -16.9%
COHR Coherent Corp. 0.28% 18,545 $3.4M Add +51.3%
PONY Pony AI Inc. 0.28% 229,732 $3.3M Add +0.7%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.26% 40,273 $3.1M Add +0.1%
OPRA Opera Ltd.-ADR 0.26% 221,417 $3.1M Add +36.2%
WDH Waterdrop Inc. 0.25% 1,603,568 $3.0M Reduce -1.8%
DHR Danaher Corp. 0.25% 14,113 $3.0M Add +12.0%
SPGI S&P Global Inc. 0.25% 5,763 $3.0M Reduce -61.8%
SNAP Snap Inc. Class A 0.25% 371,075 $3.0M Add +28.2%
ENPH Enphase Energy Inc. 0.24% 91,083 $2.9M New
BRK.B Berkshire Hathaway Inc. Class B 0.24% 6,086 $2.9M Reduce -6.9%
APP AppLovin Corp. Class A 0.23% 4,166 $2.8M Add +106.4%
RUN Sunrun Inc. 0.23% 150,029 $2.8M New
CIEN Ciena Corp. 0.23% 11,738 $2.7M New
MNTK Montauk Renewables Inc. 0.22% 1,605,000 $2.7M No change
ARRY Array Technologies Inc. 0.21% 275,000 $2.5M New
LITE Lumentum Holdings Inc. 0.21% 6,769 $2.5M Reduce -1.8%
APH Amphenol Corp. Class A 0.21% 18,413 $2.5M Add +31.0%
CHTR Charter Communications Inc. Class A 0.20% 11,464 $2.4M Reduce -0.8%
TSLA Tesla Inc. 0.19% 6,825 $2.3M Add +213.2%
GE General Electric filed as GE AEROSPACE 0.19% 7,421 $2.3M Reduce -40.4%
BMA Banco Macro SA-ADR 0.19% 25,000 $2.3M Add +149.2%
ETN Eaton Corp. PLC 0.19% 7,039 $2.2M Add +59.4%
BSX Boston Scientific Corp. 0.19% 23,784 $2.2M Add +112.6%
MU Micron Technology Inc. 0.18% 8,503 $2.2M Add +284.2%
REGN Regeneron Pharmaceuticals 0.18% 2,853 $2.2M Add +11.4%
PGR Progressive Corp. 0.18% 9,687 $2.2M Reduce -46.3%
NFLX Netflix Inc. 0.18% 23,571 $2.2M Reduce -50.1%
CRH CRH PLC 0.18% 17,419 $2.2M Add +32.1%
JEF Jefferies Financial Group Inc. 0.18% 35,037 $2.2M New
TCOM Trip.com Group Ltd.-ADR 0.18% 30,078 $2.2M New
SEI Solaris Energy Infrastructur 0.17% 45,000 $2.1M New
NEM Newmont Corp. 0.17% 20,952 $2.1M Reduce -39.4%
COIN Coinbase Global Inc. Class A 0.17% 9,225 $2.0M Reduce -25.9%

Show all 405 holdings

Options reported separately and not counted above: HOOD puts ($56.5M), ORCL calls ($42.9M), PLTR puts ($28.4M), PDD calls ($22.7M), PYPL calls ($14.6M), ENPH calls ($11.9M), MSTR puts ($11.0M), GOOGL calls ($9.4M), SNAP calls ($6.5M), META puts ($4.8M), GOOGL puts ($4.2M), AAPL puts ($4.1M), and 19 more.

Portfolio Sells Q3 2025 → Q4 2025

MSFT Microsoft Corp. Reduce -4.5% 6.53% −0.77
NVDA Nvidia Corp. Reduce -30.5% 2.25% −0.71
IBM Intl Business Machines Corp. Reduce -85.3% 0.09% −0.51
LIN Linde PLC Reduce -3.3% 3.31% −0.50
IREN Iren Ltd. Sold out 0.00% −0.45
TER Teradyne Inc. Reduce -59.8% 0.53% −0.40
SPGI S&P Global Inc. Reduce -61.8% 0.25% −0.36
EXAS Exact Sciences Corp. Sold out 0.00% −0.35
UBER Uber Technologies Inc. Reduce -63.1% 0.13% −0.29
TMO Thermo Fisher Scientific Inc. Reduce -36.6% 0.86% −0.27
NFLX Netflix Inc. Reduce -50.1% 0.18% −0.26
CORZ Core Scientific Inc. Sold out 0.00% −0.26
NTNX Nutanix Inc. Class A Reduce -78.2% 0.04% −0.24
SPOT Spotify Technology SA Reduce -71.8% 0.07% −0.23
PYPL PayPal Holdings Inc. Reduce -20.2% 0.66% −0.21
AMAT Applied Materials Inc. Reduce -41.8% 0.58% −0.21
FERG Ferguson Enterprises Inc. Reduce -16.4% 0.94% −0.19
PGR Progressive Corp. Reduce -46.3% 0.18% −0.18
COIN Coinbase Global Inc. Class A Reduce -25.9% 0.17% −0.18
HD Home Depot Inc. Sold out 0.00% −0.18
ANET Arista Networks Inc. Reduce -28.2% 0.37% −0.18
NBIS Nebius Group NV Reduce -16.9% 0.29% −0.18
BIIB Biogen Inc. Reduce -42.0% 0.48% −0.17
SMR Nuscale Power Corp. Sold out 0.00% −0.16
TT Trane Technologies PLC Reduce -53.7% 0.11% −0.15
P Everpure Inc. Class A Reduce -44.6% 0.11% −0.14
EW Edwards Lifesciences Corp. Reduce -26.4% 0.58% −0.14
EBAY eBay Inc. Reduce -73.1% 0.05% −0.13
ZS Zscaler Inc. Sold out 0.00% −0.13
BRK.A Berkshire Hathaway Inc. Class A Reduce -8.0% 1.44% −0.12
GE General Electric Reduce -40.4% 0.19% −0.12
AMRZ Amrize Ltd. Sold out 0.00% −0.12
CRCL Circle Internet Group Inc. Sold out 0.00% −0.12
CDNS Cadence Design SYS Inc. Reduce -4.8% 0.62% −0.11
CLSK Cleanspark Inc. Sold out 0.00% −0.10
NET Cloudflare Inc. Class A Sold out 0.00% −0.10
PNR Pentair PLC Reduce -50.0% 0.09% −0.10
HOOD Robinhood Markets Inc. Class A Reduce -69.7% 0.02% −0.10
RBLX Roblox Corp. Class A Reduce -54.2% 0.04% −0.10
INTU Intuit Inc. Reduce -40.9% 0.14% −0.10
MMM 3M Co. Reduce -54.3% 0.08% −0.10
RMBS Rambus Inc. Sold out 0.00% −0.10
KTOS Kratos Defense & Security Sold out 0.00% −0.09
UEC Uranium Energy Corp. Sold out 0.00% −0.09
UNH Unitedhealth Group Inc. Sold out 0.00% −0.09
COMP Compass Inc. Class A Sold out 0.00% −0.09
CAN Canaan Inc. Sold out 0.00% −0.08
CAT Caterpillar Inc. Reduce -26.5% 0.66% −0.08
VEEV Veeva Systems Inc. Class A Sold out 0.00% −0.07
FICO Fair Isaac Corp. Sold out 0.00% −0.07

Portfolio Buys Q3 2025 → Q4 2025

TTE Totalenergies SE -Spon ADR Add +1408.3% 1.19% +1.12
AAPL Apple Inc. Add +25.0% 2.49% +0.63
VRTX Vertex Pharmaceuticals Inc. New 0.51% +0.51
AMZN Amazon.com Inc. Add +2.5% 6.79% +0.50
META Meta Platforms Inc. Class A Add +22.3% 5.29% +0.49
NKE Nike Inc. Class B Add +270.6% 0.67% +0.48
AVGO Broadcom Inc. Add +98.6% 0.84% +0.44
CRDO Credo Technology Group Holdi New 0.34% +0.34
ENPH Enphase Energy Inc. New 0.24% +0.24
RMD Resmed Inc. Add +124.3% 0.47% +0.23
RUN Sunrun Inc. New 0.23% +0.23
CIEN Ciena Corp. New 0.23% +0.23
JPM JPMorgan Chase & Co. Add +26.6% 1.07% +0.23
ARRY Array Technologies Inc. New 0.21% +0.21
ACN Accenture PLC Class A Add +30.4% 0.65% +0.19
EPAM Epam Systems Inc. Add +24.2% 0.47% +0.19
JEF Jefferies Financial Group Inc. New 0.18% +0.18
TCOM Trip.com Group Ltd.-ADR New 0.18% +0.18
TSM Taiwan Semiconductor-SP ADR Add +62.8% 0.36% +0.18
XOM Exxon Mobil Corp. Add +138.1% 0.29% +0.18
COHR Coherent Corp. Add +51.3% 0.28% +0.18
SEI Solaris Energy Infrastructur New 0.17% +0.17
MU Micron Technology Inc. Add +284.2% 0.18% +0.16
BMA Banco Macro SA-ADR Add +149.2% 0.19% +0.15
BE Bloom Energy Corp. Class A New 0.15% +0.15
GH Guardant Health Inc. New 0.14% +0.14
DB Deutsche Bank AG-Registered Add +3.6% 1.12% +0.14
CRS Carpenter Technology New 0.14% +0.14
TSLA Tesla Inc. Add +213.2% 0.19% +0.13
AGX Argan Inc. New 0.13% +0.13
LMND Lemonade Inc. New 0.13% +0.13
NU Nu Holdings Ltd./Cayman Isl-A Add +18.0% 0.67% +0.13
IEX Idex Corp. Add +27.5% 0.41% +0.12
APP AppLovin Corp. Class A Add +106.4% 0.23% +0.11
B Barrick Mining Corp. Add +180.9% 0.13% +0.11
ADBE Adobe Inc. Add +4.8% 2.53% +0.11
TFX Teleflex Inc. Add +32.4% 0.44% +0.11
UTHR United Therapeutics Corp. New 0.10% +0.10
BSX Boston Scientific Corp. Add +112.6% 0.19% +0.10
CTRA Coterra Energy Inc. Add +15.0% 0.44% +0.10
WFC Wells Fargo & Co. Add +15.3% 0.43% +0.10
MELI MercadoLibre Inc. Add +43.9% 0.30% +0.09
U Unity Software Inc. New 0.09% +0.09
APTV Aptiv PLC New 0.09% +0.09
STLD Steel Dynamics Inc. New 0.09% +0.09
ROIV Roivant Sciences Ltd. New 0.09% +0.09
STUB Stubhub Holdings Inc. Class A New 0.08% +0.08
PM Philip Morris International New 0.08% +0.08
RIO Rio Tinto PLC-Spon ADR New 0.08% +0.08
ARWR Arrowhead Pharmaceuticals Inc. New 0.08% +0.08

Options Activity Q3 2025 → Q4 2025

HOOD Robinhood Markets Inc. Class A put Reduce -46.0% 500,000 $56.5M
ORCL Oracle Corp. call Add +1000.0% 220,000 $42.9M
PLTR Palantir Technologies Inc. Class A put Reduce -63.3% 160,000 $28.4M
PDD PDD Holdings Inc. call New 200,000 $22.7M
TSLA Tesla Inc. put Sold out 50,000 $22.2Mbefore exit
AMD Advanced Micro Devices call Sold out 110,000 $17.8Mbefore exit
PYPL PayPal Holdings Inc. call New 250,000 $14.6M
ENPH Enphase Energy Inc. call New 369,900 $11.9M
MSTR Strategy Inc. put New 100,000 $11.0M
GOOGL Alphabet Inc. Class A call New 30,000 $9.4M
NTNX Nutanix Inc. Class A call Sold out 106,700 $7.9Mbefore exit
COMP Compass Inc. Class A call Sold out 949,500 $7.6Mbefore exit
COIN Coinbase Global Inc. Class A call Sold out 20,000 $6.7Mbefore exit
SNAP Snap Inc. Class A call Reduce -61.9% 800,000 $6.5M
META Meta Platforms Inc. Class A put Add +350.0% 7,200 $4.8M
TMO Thermo Fisher Scientific Inc. put Sold out 9,000 $4.4Mbefore exit
GOOGL Alphabet Inc. Class A put New 13,500 $4.2M
AAPL Apple Inc. put New 15,100 $4.1M
DE Deere & Co. put Add +95.3% 8,400 $3.9M
TER Teradyne Inc. put Sold out 26,600 $3.7Mbefore exit
MA Mastercard Inc. Class A put Reduce -1.9% 5,100 $2.9M
RMD Resmed Inc. put New 10,900 $2.6M
NKE Nike Inc. Class B put New 37,500 $2.4M
BKNG Booking Holdings Inc. put Reduce -20.0% 400 $2.1M
CRM Salesforce Inc. put Reduce -39.1% 7,800 $2.1M
PYPL PayPal Holdings Inc. put Add +25.5% 33,500 $2.0M
MSFT Microsoft Corp. put Add +60.0% 4,000 $1.9M
ADBE Adobe Inc. put Add +15.9% 5,100 $1.8M
JNJ Johnson & Johnson put Add +180.0% 8,400 $1.7M
AMZN Amazon.com Inc. put Add +82.9% 7,500 $1.7M
TXN Texas Instruments Inc. put Reduce -44.0% 9,800 $1.7M
AMAT Applied Materials Inc. put Reduce -27.1% 6,200 $1.6M
ACN Accenture PLC Class A put Add +75.8% 5,800 $1.6M
NVDA Nvidia Corp. put New 7,700 $1.4M
CAT Caterpillar Inc. put Reduce -4.0% 2,400 $1.4M
AMD Advanced Micro Devices put New 5,400 $1.2M
BIIB Biogen Inc. put Sold out 8,200 $1.1Mbefore exit
SNPS Synopsys Inc. put Reduce -66.7% 1,500 $705K
EW Edwards Lifesciences Corp. put Reduce -72.6% 7,600 $648K

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