Commerzbank Aktiengesellschaft
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Commerzbank Aktiengesellschaft reported 348 stock positions worth $4.4 billion. Its top holding was Microsoft (MSFT) at 10.2% of the portfolio, followed by Alphabet Class A (GOOGL, 6.8%) and Apple (AAPL, 5.0%). Compared with Q1 2025, it opened 23 new positions, sold out of 24, added to 163 and reduced 71. The biggest buy was Coca-Cola (KO, shares +96%) and the biggest sale Meta Platforms Class A (META, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFURT, 2M
- CIK
- 0000852933
- Portfolio Value
- $4.4B (Q2 2025)
- SEC Filing
- 0001683168-25-005332 ↗ filed Jul 24, 2025
Holdings Value
Holdings 348 stocks · $4.4B
| MSFT Microsoft Corp. | 10.24% | 898,157 | $446.8M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 6.83% | 1,692,280 | $298.2M | Add +1.2% |
| AAPL Apple Inc. | 5.00% | 1,063,957 | $218.3M | Add +1.2% |
| AVGO Broadcom Inc. | 4.04% | 639,966 | $176.4M | Reduce -37.1% |
| NVDA Nvidia Corp. | 3.54% | 977,324 | $154.4M | Add +1.8% |
| JPM JPMorgan Chase & Co. | 3.47% | 522,740 | $151.5M | Reduce -10.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.45% | 511,311 | $150.7M | Add +3.3% |
| KO The Coca-Cola Co. | 3.10% | 1,908,957 | $135.1M | Add +95.8% |
| JNJ Johnson & Johnson | 2.94% | 840,160 | $128.3M | Reduce -13.3% |
| V Visa Inc. Class A | 2.73% | 335,080 | $119.0M | Add +3.0% |
| CVX Chevron Corp. | 2.69% | 820,348 | $117.5M | Add +45.4% |
| MCD McDonald's Corp. | 2.44% | 364,484 | $106.5M | Add +3.1% |
| T AT&T Inc. | 2.44% | 3,677,006 | $106.4M | Add +40.8% |
| CSCO Cisco Systems Inc. | 2.43% | 1,526,513 | $105.9M | Reduce -4.8% |
| META Meta Platforms Inc. Class A | 2.36% | 139,237 | $102.8M | Reduce -50.3% |
| PG The Procter & Gamble Co. | 2.28% | 625,199 | $99.6M | Reduce -32.3% |
| AMZN Amazon.com Inc. | 2.23% | 443,595 | $97.3M | Add +1.7% |
| AMGN Amgen Inc. | 2.08% | 325,849 | $91.0M | Reduce -1.0% |
| QCOM Qualcomm Inc. | 1.70% | 464,837 | $74.0M | Reduce -29.6% |
| PANW Palo Alto Networks Inc. | 1.58% | 336,272 | $68.8M | Reduce -8.8% |
| HON Honeywell International Inc. | 1.55% | 290,064 | $67.5M | Reduce -34.2% |
| XOM Exxon Mobil Corp. | 1.52% | 614,899 | $66.3M | Reduce -19.1% |
| CAT Caterpillar Inc. | 1.49% | 167,390 | $65.0M | Reduce -45.7% |
| ORCL Oracle Corp. | 1.29% | 257,539 | $56.3M | Reduce -28.6% |
| HD Home Depot Inc. | 0.98% | 117,154 | $43.0M | Reduce -40.0% |
| TMUS T-Mobile US Inc. | 0.90% | 164,643 | $39.2M | Reduce -16.0% |
| GS Goldman Sachs Group Inc. | 0.89% | 55,112 | $39.0M | Add +2.7% |
| PEP Pepsico Inc. | 0.78% | 257,914 | $34.1M | Add +89.7% |
| LLY Eli Lilly & Co. | 0.72% | 40,528 | $31.6M | Reduce -0.1% |
| NFLX Netflix Inc. | 0.70% | 22,837 | $30.6M | Add +167.2% |
| ABT Abbott Laboratories | 0.70% | 224,343 | $30.5M | Add +5.5% |
| MDLZ Mondelez International Inc. Class A | 0.70% | 449,897 | $30.3M | Reduce -54.9% |
| TMO Thermo Fisher Scientific Inc. | 0.67% | 71,938 | $29.2M | Reduce -14.6% |
| MA Mastercard Inc. Class A | 0.62% | 47,980 | $27.0M | Add +11.9% |
| WM Waste Management Inc. | 0.56% | 106,712 | $24.4M | Add +1.6% |
| SYK Stryker Corp. | 0.55% | 60,899 | $24.1M | Add +0.3% |
| ABBV Abbvie Inc. | 0.55% | 129,688 | $24.1M | Add +118.8% |
| BKNG Booking Holdings Inc. | 0.54% | 4,078 | $23.6M | Add +52.0% |
| GE General Electric filed as GE AEROSPACE | 0.45% | 75,578 | $19.5M | Reduce -14.1% |
| CMCSA Comcast Corp. Class A | 0.44% | 532,315 | $19.0M | Add +47.7% |
| UNH Unitedhealth Group Inc. | 0.40% | 55,332 | $17.3M | Add +18.7% |
| CRM Salesforce Inc. | 0.36% | 58,079 | $15.8M | Reduce -41.9% |
| MRK Merck & Co. Inc. | 0.36% | 198,292 | $15.7M | Add +19.6% |
| ACN Accenture PLC Class A | 0.34% | 49,959 | $14.9M | Add +7.0% |
| CME Cme Group Inc. | 0.31% | 49,729 | $13.7M | Add +1.1% |
| DB Deutsche Bank AG-Registered | 0.31% | 463,744 | $13.6M | Reduce -70.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 27,400 | $13.3M | Add +3.3% |
| MET Metlife Inc. | 0.29% | 155,036 | $12.5M | Add +180.0% |
| ADP Automatic Data Processing | 0.28% | 39,735 | $12.3M | Add +186.1% |
| DE Deere & Co. | 0.28% | 23,746 | $12.1M | Reduce -4.8% |
| VZ Verizon Communications Inc. | 0.27% | 269,389 | $11.7M | Add +50.1% |
| GOOG Alphabet Inc. Class C | 0.26% | 64,852 | $11.5M | Add +1.3% |
| XYL Xylem Inc. | 0.26% | 88,438 | $11.4M | Reduce -3.7% |
| PFE Pfizer Inc. | 0.25% | 454,901 | $11.0M | Add +22.5% |
| TRV The Travelers Cos Inc. | 0.22% | 36,286 | $9.7M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.22% | 9,804 | $9.7M | Add +1.8% |
| UPS United Parcel Service Class B | 0.22% | 96,048 | $9.7M | Add +27.6% |
| WMT Walmart Inc. | 0.22% | 98,093 | $9.6M | Add +49.1% |
| INTC Intel Corp. | 0.22% | 424,099 | $9.5M | Reduce -7.2% |
| USB US Bancorp | 0.22% | 209,801 | $9.5M | Add +21.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 199,148 | $9.4M | Reduce -15.8% |
| FDX FedEx Corp. | 0.21% | 39,602 | $9.0M | Add +29.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 72,541 | $9.0M | Reduce -20.1% |
| DUK Duke Energy Corp. | 0.19% | 70,637 | $8.3M | Add +10.0% |
| TSLA Tesla Inc. | 0.19% | 26,058 | $8.3M | Add +2.0% |
| AXP American Express Co. | 0.18% | 25,042 | $8.0M | Reduce -16.2% |
| NKE Nike Inc. Class B | 0.18% | 110,115 | $7.8M | Add +31.2% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.17% | 76,983 | $7.6M | Add +67.1% |
| TXN Texas Instruments Inc. | 0.17% | 35,530 | $7.4M | Reduce -18.3% |
| AMT American Tower Corp. | 0.16% | 31,911 | $7.1M | Reduce -0.5% |
| ISRG Intuitive Surgical Inc. | 0.14% | 11,050 | $6.0M | Reduce -0.7% |
| LIN Linde PLC | 0.14% | 12,597 | $5.9M | Add +14.1% |
| KLAC KLA Corp. | 0.13% | 6,355 | $5.7M | Add +2.8% |
| ADBE Adobe Inc. | 0.13% | 14,471 | $5.6M | Reduce -21.8% |
| NEM Newmont Corp. | 0.13% | 95,406 | $5.6M | Reduce -28.8% |
| SNPS Synopsys Inc. | 0.13% | 10,808 | $5.5M | Add +452.3% |
| UNP Union Pacific Corp. | 0.13% | 23,875 | $5.5M | Add +26.4% |
| SBUX Starbucks Corp. | 0.12% | 59,353 | $5.4M | Add +160.9% |
| MRSH Marsh & McLennan Cos | 0.12% | 24,459 | $5.3M | Add +5.1% |
| AMAT Applied Materials Inc. | 0.12% | 28,142 | $5.2M | Add +1.6% |
| NEE Nextera Energy Inc. | 0.12% | 72,837 | $5.1M | Add +10.2% |
| PLD Prologis Inc. | 0.11% | 45,335 | $4.8M | Add +13.2% |
| MCO Moody's Corp. | 0.11% | 9,283 | $4.7M | Add +3.8% |
| KHC The Kraft Heinz Co. | 0.11% | 178,144 | $4.6M | Add +25.5% |
| CVS CVS Health Corp. | 0.10% | 64,971 | $4.5M | Add +19.9% |
| CCI Crown Castle Inc. | 0.10% | 43,288 | $4.4M | Add +12.4% |
| NOW ServiceNow Inc. | 0.10% | 4,316 | $4.4M | Add +145.1% |
| HPQ HP Inc. | 0.10% | 179,580 | $4.4M | Add +16.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.10% | 9,850 | $4.4M | Add +453.1% |
| MNST Monster Beverage Corp. | 0.10% | 68,714 | $4.3M | Add +160.9% |
| EQIX Equinix Inc. | 0.09% | 4,774 | $3.8M | Add +47.7% |
| COP Conocophillips | 0.08% | 40,994 | $3.7M | Add +7.2% |
| CB Chubb Ltd. | 0.08% | 12,527 | $3.6M | Add +7.2% |
| KMB Kimberly-Clark Corp. | 0.08% | 27,873 | $3.6M | Add +147.3% |
| ADI Analog Devices Inc. | 0.08% | 14,896 | $3.5M | Add +7.9% |
| PSX Phillips 66 | 0.08% | 29,529 | $3.5M | Add +51.6% |
| CI The Cigna Group | 0.08% | 10,624 | $3.5M | Add +5.7% |
| AMD Advanced Micro Devices | 0.08% | 24,164 | $3.4M | Reduce -11.3% |
| UBER Uber Technologies Inc. | 0.07% | 34,498 | $3.2M | Reduce -90.2% |
| PYPL PayPal Holdings Inc. | 0.07% | 41,958 | $3.1M | Add +16.8% |
Options reported separately and not counted above: CISCO SYS INC puts ($29K).
Portfolio Sells Q1 2025 → Q2 2025
| META Meta Platforms Inc. Class A | Reduce -50.3% | 2.36% | −1.41 |
| PG The Procter & Gamble Co. | Reduce -32.3% | 2.28% | −1.38 |
| MDLZ Mondelez International Inc. Class A | Reduce -54.9% | 0.70% | −0.88 |
| CAT Caterpillar Inc. | Reduce -45.7% | 1.49% | −0.88 |
| RACE Ferrari NV | Sold out | 0.00% | −0.88 |
| JNJ Johnson & Johnson | Reduce -13.3% | 2.94% | −0.80 |
| HD Home Depot Inc. | Reduce -40.0% | 0.98% | −0.68 |
| QCOM Qualcomm Inc. | Reduce -29.6% | 1.70% | −0.67 |
| HON Honeywell International Inc. | Reduce -34.2% | 1.55% | −0.63 |
| XOM Exxon Mobil Corp. | Reduce -19.1% | 1.52% | −0.59 |
| DB Deutsche Bank AG-Registered | Reduce -70.9% | 0.31% | −0.57 |
| UBER Uber Technologies Inc. | Reduce -90.2% | 0.07% | −0.53 |
| TMUS T-Mobile US Inc. | Reduce -16.0% | 0.90% | −0.32 |
| TMO Thermo Fisher Scientific Inc. | Reduce -14.6% | 0.67% | −0.31 |
| AMGN Amgen Inc. | Reduce -1.0% | 2.08% | −0.31 |
| CRM Salesforce Inc. | Reduce -41.9% | 0.36% | −0.26 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.16 |
| MS Morgan Stanley | Sold out | 0.00% | −0.08 |
| MMM 3M Co. | Reduce -58.0% | 0.05% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -0.1% | 0.72% | −0.06 |
| CAH Cardinal Health Inc. | Reduce -92.5% | 0.00% | −0.05 |
| EXC Exelon Corp. | Reduce -68.2% | 0.02% | −0.04 |
| ADBE Adobe Inc. | Reduce -21.8% | 0.13% | −0.04 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.03 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.03 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.03 |
| INTC Intel Corp. | Reduce -7.2% | 0.22% | −0.02 |
| NEM Newmont Corp. | Reduce -28.8% | 0.13% | −0.02 |
| ADM Archer-Daniels-Midland Co. | Reduce -45.1% | 0.03% | −0.02 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.02 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.02 |
| ROK Rockwell Automation Inc. | Reduce -79.8% | 0.01% | −0.02 |
| HAS Hasbro Inc. | Sold out | 0.00% | −0.02 |
| MCHP Microchip Technology Inc. | Reduce -74.5% | 0.01% | −0.02 |
| ED Consolidated Edison Inc. | Reduce -13.8% | 0.05% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -61.6% | 0.02% | −0.01 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.01 |
| BAC Bank of America Corp. | Reduce -15.8% | 0.22% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -60.6% | 0.01% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -18.3% | 0.17% | −0.01 |
| WDAY Workday Inc. Class A | Reduce -25.8% | 0.03% | −0.01 |
| EMBC Embecta Corp. | Sold out | 0.00% | −0.01 |
| DHR Danaher Corp. | Reduce -18.3% | 0.03% | −0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -42.9% | 0.01% | −0.01 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.01 |
| BEN Franklin Templeton Inc. | Sold out | 0.00% | −0.01 |
| CE Celanese Corp. | Sold out | 0.00% | −0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.01 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.01 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| KO The Coca-Cola Co. | Add +95.8% | 3.10% | +1.47 |
| NVDA Nvidia Corp. | Add +1.8% | 3.54% | +1.11 |
| GOOGL Alphabet Inc. Class A | Add +1.2% | 6.83% | +0.81 |
| T AT&T Inc. | Add +40.8% | 2.44% | +0.72 |
| IBM Intl Business Machines Corp. | Add +3.3% | 3.45% | +0.59 |
| NFLX Netflix Inc. | Add +167.2% | 0.70% | +0.52 |
| CVX Chevron Corp. | Add +45.4% | 2.69% | +0.49 |
| PEP Pepsico Inc. | Add +89.7% | 0.78% | +0.31 |
| AMZN Amazon.com Inc. | Add +1.7% | 2.23% | +0.30 |
| ABBV Abbvie Inc. | Add +118.8% | 0.55% | +0.26 |
| BKNG Booking Holdings Inc. | Add +52.0% | 0.54% | +0.25 |
| GS Goldman Sachs Group Inc. | Add +2.7% | 0.89% | +0.21 |
| MET Metlife Inc. | Add +180.0% | 0.29% | +0.18 |
| ADP Automatic Data Processing | Add +186.1% | 0.28% | +0.18 |
| CMCSA Comcast Corp. Class A | Add +47.7% | 0.44% | +0.13 |
| SNPS Synopsys Inc. | Add +452.3% | 0.13% | +0.11 |
| WMT Walmart Inc. | Add +49.1% | 0.22% | +0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Add +453.1% | 0.10% | +0.08 |
| VZ Verizon Communications Inc. | Add +50.1% | 0.27% | +0.08 |
| SBUX Starbucks Corp. | Add +160.9% | 0.12% | +0.07 |
| MA Mastercard Inc. Class A | Add +11.9% | 0.62% | +0.07 |
| NOW ServiceNow Inc. | Add +145.1% | 0.10% | +0.07 |
| V Visa Inc. Class A | Add +3.0% | 2.73% | +0.07 |
| MNST Monster Beverage Corp. | Add +160.9% | 0.10% | +0.06 |
| HAL Halliburton Co. | New | 0.06% | +0.06 |
| IPG Interpublic Group of Cos Inc. | New | 0.06% | +0.06 |
| NKE Nike Inc. Class B | Add +31.2% | 0.18% | +0.06 |
| USB US Bancorp | Add +21.7% | 0.22% | +0.05 |
| SJM The JM Smucker Co. | Add +67.1% | 0.17% | +0.05 |
| KMB Kimberly-Clark Corp. | Add +147.3% | 0.08% | +0.04 |
| ABT Abbott Laboratories | Add +5.5% | 0.70% | +0.04 |
| BLK BlackRock Inc. | Add +130.6% | 0.07% | +0.04 |
| JCI Johnson Controls Internation | New | 0.04% | +0.04 |
| SHOP Shopify Inc. Class A | New | 0.04% | +0.04 |
| TSLA Tesla Inc. | Add +2.0% | 0.19% | +0.04 |
| PFE Pfizer Inc. | Add +22.5% | 0.25% | +0.03 |
| KLAC KLA Corp. | Add +2.8% | 0.13% | +0.03 |
| FDX FedEx Corp. | Add +29.0% | 0.21% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +1.3% | 0.26% | +0.03 |
| UPS United Parcel Service Class B | Add +27.6% | 0.22% | +0.03 |
| OKE Oneok Inc. | Add +115.9% | 0.06% | +0.03 |
| EQIX Equinix Inc. | Add +47.7% | 0.09% | +0.03 |
| SYK Stryker Corp. | Add +0.3% | 0.55% | +0.03 |
| PSX Phillips 66 | Add +51.6% | 0.08% | +0.02 |
| AMAT Applied Materials Inc. | Add +1.6% | 0.12% | +0.02 |
| OMC Omnicom Group | Add +95.8% | 0.05% | +0.02 |
| UNP Union Pacific Corp. | Add +26.4% | 0.13% | +0.02 |
| HPE Hewlett Packard Enterprise | Add +9.5% | 0.07% | +0.02 |
| TJX TJX Companies Inc. | Add +108.4% | 0.04% | +0.02 |
| TSCO Tractor Supply Company | Add +67.8% | 0.05% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| CISCO SYS INC | put | New | 11,500 | $29K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 347 | $5.0B | GOOGL, MSFT, AAPL, CSCO, IBM |
| Q1 2026 | 354 | $4.8B | MSFT, GOOGL, AAPL, CVX, CSCO |
| Q4 2025 | 374 | $4.9B | GOOGL, MSFT, AAPL, IBM, JNJ |
| Q3 2025 | 353 | $4.8B | GOOGL, MSFT, AAPL, AVGO, V |
| Q2 2025 | 348 | $4.4B | MSFT, GOOGL, AAPL, AVGO, NVDA |
| Q1 2025 | 349 | $4.3B | MSFT, GOOGL, AAPL, AVGO, META |
| Q4 2024 | 334 | $4.2B | MSFT, GOOGL, AVGO, AAPL, PG |
| Q3 2024 | 303 | $3.8B | MSFT, GOOGL, NVDA, AVGO, META |
| Q2 2024 | 243 | $3.0B | MSFT, GOOGL, NVDA, AMZN, META |
| Q1 2024 | 245 | $3.0B | MSFT, GOOGL, AMZN, JNJ, NVDA |