Commerzbank Aktiengesellschaft
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Commerzbank Aktiengesellschaft reported 353 stock positions worth $4.8 billion. Its top holding was Alphabet Class A (GOOGL) at 7.5% of the portfolio, followed by Microsoft (MSFT, 7.4%) and Apple (AAPL, 5.8%). Compared with Q2 2025, it opened 18 new positions, sold out of 13, added to 168 and reduced 64. The biggest buy was Deutsche Bank AG-Registered (DB, shares +574%) and the biggest sale Microsoft (MSFT, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFURT, 2M
- CIK
- 0000852933
- Portfolio Value
- $4.8B (Q3 2025)
- SEC Filing
- 0001683168-25-007863 ↗ filed Oct 31, 2025
Holdings Value
Holdings 353 stocks · $4.8B
| GOOGL Alphabet Inc. Class A | 7.46% | 1,476,975 | $359.1M | Reduce -12.7% |
| MSFT Microsoft Corp. | 7.36% | 684,047 | $354.3M | Reduce -23.8% |
| AAPL Apple Inc. | 5.85% | 1,105,663 | $281.5M | Add +3.9% |
| AVGO Broadcom Inc. | 3.61% | 527,430 | $174.0M | Reduce -17.6% |
| V Visa Inc. Class A | 3.52% | 496,495 | $169.5M | Add +48.2% |
| NVDA Nvidia Corp. | 3.47% | 896,576 | $167.3M | Reduce -8.3% |
| JNJ Johnson & Johnson | 3.30% | 856,749 | $158.9M | Add +2.0% |
| JPM JPMorgan Chase & Co. | 3.23% | 493,400 | $155.6M | Reduce -5.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.19% | 543,742 | $153.4M | Add +6.3% |
| KO The Coca-Cola Co. | 2.86% | 2,073,774 | $137.5M | Add +8.6% |
| CVX Chevron Corp. | 2.71% | 839,989 | $130.4M | Add +2.4% |
| MCD McDonald's Corp. | 2.36% | 373,483 | $113.5M | Add +2.5% |
| DB Deutsche Bank AG-Registered | 2.30% | 3,125,577 | $110.7M | Add +574.0% |
| CSCO Cisco Systems Inc. | 2.26% | 1,586,874 | $108.6M | Add +4.0% |
| META Meta Platforms Inc. Class A | 2.19% | 143,331 | $105.3M | Add +2.9% |
| T AT&T Inc. | 2.19% | 3,725,246 | $105.2M | Add +1.3% |
| AMZN Amazon.com Inc. | 2.01% | 440,380 | $96.7M | Reduce -0.7% |
| PG The Procter & Gamble Co. | 1.83% | 574,956 | $88.3M | Reduce -8.0% |
| XOM Exxon Mobil Corp. | 1.64% | 698,913 | $78.8M | Add +13.7% |
| QCOM Qualcomm Inc. | 1.63% | 472,843 | $78.7M | Add +1.7% |
| CAT Caterpillar Inc. | 1.49% | 150,507 | $71.8M | Reduce -10.1% |
| PANW Palo Alto Networks Inc. | 1.48% | 348,991 | $71.1M | Add +3.8% |
| HON Honeywell International Inc. | 1.33% | 303,382 | $63.9M | Add +4.6% |
| ORCL Oracle Corp. | 1.08% | 184,955 | $52.0M | Reduce -28.2% |
| HD Home Depot Inc. | 1.06% | 125,890 | $51.0M | Add +7.5% |
| GS Goldman Sachs Group Inc. | 1.01% | 60,817 | $48.4M | Add +10.3% |
| PEP Pepsico Inc. | 0.96% | 327,956 | $46.1M | Add +27.2% |
| AMGN Amgen Inc. | 0.95% | 162,098 | $45.7M | Reduce -50.3% |
| TMUS T-Mobile US Inc. | 0.81% | 161,911 | $38.8M | Reduce -1.7% |
| NFLX Netflix Inc. | 0.69% | 27,572 | $33.1M | Add +20.7% |
| ABT Abbott Laboratories | 0.68% | 245,168 | $32.8M | Add +9.3% |
| MA Mastercard Inc. Class A | 0.67% | 56,971 | $32.4M | Add +18.7% |
| MDLZ Mondelez International Inc. Class A | 0.66% | 506,407 | $31.6M | Add +12.6% |
| TMO Thermo Fisher Scientific Inc. | 0.65% | 64,033 | $31.1M | Reduce -11.0% |
| LLY Eli Lilly & Co. | 0.63% | 39,787 | $30.4M | Reduce -1.8% |
| WM Waste Management Inc. | 0.61% | 132,126 | $29.2M | Add +23.8% |
| MRK Merck & Co. Inc. | 0.61% | 347,249 | $29.1M | Add +75.1% |
| UNH Unitedhealth Group Inc. | 0.53% | 74,219 | $25.6M | Add +34.1% |
| GE General Electric filed as GE AEROSPACE | 0.51% | 81,109 | $24.4M | Add +7.3% |
| PYPL PayPal Holdings Inc. | 0.51% | 363,380 | $24.4M | Add +766.1% |
| BKNG Booking Holdings Inc. | 0.48% | 4,260 | $23.0M | Add +4.5% |
| ABBV Abbvie Inc. | 0.43% | 90,102 | $20.9M | Reduce -30.5% |
| CMCSA Comcast Corp. Class A | 0.37% | 566,203 | $17.8M | Add +6.4% |
| CME Cme Group Inc. | 0.33% | 58,892 | $15.9M | Add +18.4% |
| INTC Intel Corp. | 0.32% | 452,594 | $15.2M | Add +6.7% |
| ACN Accenture PLC Class A | 0.32% | 61,500 | $15.2M | Add +23.1% |
| VZ Verizon Communications Inc. | 0.31% | 340,605 | $15.0M | Add +26.4% |
| CRM Salesforce Inc. | 0.31% | 62,887 | $14.9M | Add +8.3% |
| GOOG Alphabet Inc. Class C | 0.31% | 60,892 | $14.8M | Reduce -6.1% |
| TXN Texas Instruments Inc. | 0.30% | 78,847 | $14.5M | Add +121.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 28,210 | $14.2M | Add +3.0% |
| EQIX Equinix Inc. | 0.28% | 17,033 | $13.3M | Add +256.8% |
| PFE Pfizer Inc. | 0.27% | 517,602 | $13.2M | Add +13.8% |
| XYL Xylem Inc. | 0.27% | 88,604 | $13.1M | Add +0.2% |
| TSLA Tesla Inc. | 0.26% | 28,144 | $12.5M | Add +8.0% |
| DE Deere & Co. | 0.25% | 25,850 | $11.8M | Add +8.9% |
| AMT American Tower Corp. | 0.25% | 61,397 | $11.8M | Add +92.4% |
| FDX FedEx Corp. | 0.23% | 46,781 | $11.0M | Add +18.1% |
| TRV The Travelers Cos Inc. | 0.21% | 37,023 | $10.3M | Add +2.0% |
| WMT Walmart Inc. | 0.21% | 97,880 | $10.1M | Reduce -0.2% |
| SYK Stryker Corp. | 0.21% | 27,280 | $10.1M | Reduce -55.2% |
| UPS United Parcel Service Class B | 0.20% | 117,007 | $9.8M | Add +21.8% |
| COST Costco Wholesale Corp. | 0.20% | 10,250 | $9.5M | Add +4.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 177,214 | $9.1M | Reduce -11.0% |
| USB US Bancorp | 0.19% | 186,317 | $9.0M | Reduce -11.2% |
| ADP Automatic Data Processing | 0.19% | 30,475 | $8.9M | Reduce -23.3% |
| WFC Wells Fargo & Co. | 0.18% | 102,542 | $8.6M | New |
| BLK BlackRock Inc. | 0.18% | 7,364 | $8.6M | Add +165.5% |
| ANET Arista Networks Inc. | 0.18% | 58,631 | $8.5M | Add +433.3% |
| MET Metlife Inc. | 0.18% | 102,962 | $8.5M | Reduce -33.6% |
| MNST Monster Beverage Corp. | 0.17% | 121,167 | $8.2M | Add +76.3% |
| AXP American Express Co. | 0.17% | 24,228 | $8.0M | Reduce -3.3% |
| DUK Duke Energy Corp. | 0.17% | 64,583 | $8.0M | Reduce -8.6% |
| KLAC KLA Corp. | 0.16% | 7,289 | $7.9M | Add +14.7% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.16% | 72,376 | $7.9M | Reduce -6.0% |
| SBUX Starbucks Corp. | 0.16% | 90,113 | $7.6M | Add +51.8% |
| NKE Nike Inc. Class B | 0.15% | 105,278 | $7.3M | Reduce -4.4% |
| UNP Union Pacific Corp. | 0.15% | 30,302 | $7.2M | Add +26.9% |
| PLD Prologis Inc. | 0.14% | 57,583 | $6.6M | Add +27.0% |
| NEE Nextera Energy Inc. | 0.14% | 86,369 | $6.5M | Add +18.6% |
| AMAT Applied Materials Inc. | 0.13% | 31,511 | $6.5M | Add +12.0% |
| ADBE Adobe Inc. | 0.13% | 18,144 | $6.4M | Add +25.4% |
| LIN Linde PLC | 0.13% | 12,747 | $6.1M | Add +1.2% |
| AEP American Electric Power | 0.12% | 52,953 | $6.0M | Add +462.1% |
| HPQ HP Inc. | 0.12% | 218,557 | $6.0M | Add +21.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.12% | 51,917 | $5.9M | Reduce -28.4% |
| CCI Crown Castle Inc. | 0.12% | 61,018 | $5.9M | Add +41.0% |
| KHC The Kraft Heinz Co. | 0.12% | 219,647 | $5.7M | Add +23.3% |
| COP Conocophillips | 0.12% | 59,969 | $5.7M | Add +46.3% |
| MS Morgan Stanley | 0.11% | 34,072 | $5.4M | New |
| KMB Kimberly-Clark Corp. | 0.11% | 42,691 | $5.3M | Add +53.2% |
| ISRG Intuitive Surgical Inc. | 0.11% | 11,802 | $5.3M | Add +6.8% |
| PSX Phillips 66 | 0.11% | 38,257 | $5.2M | Add +29.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.11% | 150,992 | $5.2M | Add +109.1% |
| INTU Intuit Inc. | 0.11% | 7,564 | $5.2M | Add +223.0% |
| CI The Cigna Group | 0.10% | 17,388 | $5.0M | Add +63.7% |
| ARE Alexandria Real Estate Equit | 0.10% | 59,458 | $5.0M | Add +41.4% |
| SNPS Synopsys Inc. | 0.10% | 9,980 | $4.9M | Reduce -7.7% |
| MCO Moody's Corp. | 0.10% | 9,910 | $4.7M | Add +6.8% |
| CVS CVS Health Corp. | 0.10% | 62,543 | $4.7M | Reduce -3.7% |
Options reported separately and not counted above: CISCO SYS INC puts ($21K).
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -23.8% | 7.36% | −2.88 |
| AMGN Amgen Inc. | Reduce -50.3% | 0.95% | −1.13 |
| PG The Procter & Gamble Co. | Reduce -8.0% | 1.83% | −0.45 |
| AVGO Broadcom Inc. | Reduce -17.6% | 3.61% | −0.43 |
| SYK Stryker Corp. | Reduce -55.2% | 0.21% | −0.34 |
| JPM JPMorgan Chase & Co. | Reduce -5.6% | 3.23% | −0.24 |
| AMZN Amazon.com Inc. | Reduce -0.7% | 2.01% | −0.22 |
| ORCL Oracle Corp. | Reduce -28.2% | 1.08% | −0.21 |
| ABBV Abbvie Inc. | Reduce -30.5% | 0.43% | −0.12 |
| MET Metlife Inc. | Reduce -33.6% | 0.18% | −0.11 |
| MRSH Marsh & McLennan Cos | Reduce -76.9% | 0.02% | −0.10 |
| ADP Automatic Data Processing | Reduce -23.3% | 0.19% | −0.10 |
| TMUS T-Mobile US Inc. | Reduce -1.7% | 0.81% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -1.8% | 0.63% | −0.09 |
| DIS The Walt Disney Co. | Reduce -28.4% | 0.12% | −0.08 |
| NEM Newmont Corp. | Reduce -72.3% | 0.05% | −0.08 |
| NVDA Nvidia Corp. | Reduce -8.3% | 3.47% | −0.06 |
| CPB The Campbell's Company | Reduce -72.7% | 0.01% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -12.9% | 0.07% | −0.03 |
| USB US Bancorp | Reduce -11.2% | 0.19% | −0.03 |
| NKE Nike Inc. Class B | Reduce -4.4% | 0.15% | −0.03 |
| BAC Bank of America Corp. | Reduce -11.0% | 0.19% | −0.03 |
| DUK Duke Energy Corp. | Reduce -8.6% | 0.17% | −0.03 |
| SNPS Synopsys Inc. | Reduce -7.7% | 0.10% | −0.02 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -11.0% | 0.65% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -28.1% | 0.05% | −0.02 |
| OKE Oneok Inc. | Reduce -17.2% | 0.04% | −0.02 |
| TJX TJX Companies Inc. | Reduce -52.8% | 0.02% | −0.02 |
| AXP American Express Co. | Reduce -3.3% | 0.17% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -46.6% | 0.01% | −0.02 |
| AFG American Financial Group Inc. | Sold out | 0.00% | −0.01 |
| AEE Ameren Corporation | Reduce -70.7% | 0.00% | −0.01 |
| F Ford Motor Co. | Reduce -18.0% | 0.05% | −0.01 |
| WMT Walmart Inc. | Reduce -0.2% | 0.21% | −0.01 |
| AZO AutoZone Inc. | Reduce -45.0% | 0.01% | −0.01 |
| SJM The JM Smucker Co. | Reduce -6.0% | 0.16% | −0.01 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.01 |
| BXP BXP Inc. | Sold out | 0.00% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -4.2% | 0.03% | −0.01 |
| IPG Interpublic Group of Cos Inc. | Reduce -16.9% | 0.05% | −0.01 |
| VMRK Vivmark Residential | Sold out | 0.00% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -4.3% | 0.03% | −0.01 |
| MMM 3M Co. | Reduce -5.6% | 0.04% | −0.01 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.01 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.01 |
| HES Hess Corp. | Sold out | 0.00% | −0.01 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.01 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| DB Deutsche Bank AG-Registered | Add +574.0% | 2.30% | +1.99 |
| AAPL Apple Inc. | Add +3.9% | 5.85% | +0.85 |
| V Visa Inc. Class A | Add +48.2% | 3.52% | +0.79 |
| PYPL PayPal Holdings Inc. | Add +766.1% | 0.51% | +0.43 |
| JNJ Johnson & Johnson | Add +2.0% | 3.30% | +0.36 |
| MRK Merck & Co. Inc. | Add +75.1% | 0.61% | +0.25 |
| EQIX Equinix Inc. | Add +256.8% | 0.28% | +0.19 |
| WFC Wells Fargo & Co. | New | 0.18% | +0.18 |
| PEP Pepsico Inc. | Add +27.2% | 0.96% | +0.18 |
| ANET Arista Networks Inc. | Add +433.3% | 0.18% | +0.15 |
| UNH Unitedhealth Group Inc. | Add +34.1% | 0.53% | +0.14 |
| TXN Texas Instruments Inc. | Add +121.9% | 0.30% | +0.13 |
| XOM Exxon Mobil Corp. | Add +13.7% | 1.64% | +0.12 |
| MS Morgan Stanley | New | 0.11% | +0.11 |
| GS Goldman Sachs Group Inc. | Add +10.3% | 1.01% | +0.11 |
| BLK BlackRock Inc. | Add +165.5% | 0.18% | +0.11 |
| AEP American Electric Power | Add +462.1% | 0.12% | +0.10 |
| INTC Intel Corp. | Add +6.7% | 0.32% | +0.10 |
| AMT American Tower Corp. | Add +92.4% | 0.25% | +0.08 |
| HD Home Depot Inc. | Add +7.5% | 1.06% | +0.08 |
| MNST Monster Beverage Corp. | Add +76.3% | 0.17% | +0.07 |
| TSLA Tesla Inc. | Add +8.0% | 0.26% | +0.07 |
| INTU Intuit Inc. | Add +223.0% | 0.11% | +0.07 |
| MELI MercadoLibre Inc. | Add +1189.4% | 0.07% | +0.06 |
| GE General Electric | Add +7.3% | 0.51% | +0.06 |
| MA Mastercard Inc. Class A | Add +18.7% | 0.67% | +0.06 |
| SLB SLB Ltd. | Add +109.1% | 0.11% | +0.05 |
| ROK Rockwell Automation Inc. | Add +792.9% | 0.06% | +0.05 |
| DELL Dell Technologies -C | Add +637.3% | 0.06% | +0.05 |
| VICI Vici Properties Inc. | Add +127.1% | 0.10% | +0.05 |
| WM Waste Management Inc. | Add +23.8% | 0.61% | +0.05 |
| VZ Verizon Communications Inc. | Add +26.4% | 0.31% | +0.04 |
| AFL Aflac Inc. | Add +121.7% | 0.07% | +0.04 |
| OMC Omnicom Group | Add +64.2% | 0.09% | +0.04 |
| FAST Fastenal Co. | Add +603.2% | 0.04% | +0.03 |
| SBUX Starbucks Corp. | Add +51.8% | 0.16% | +0.03 |
| COP Conocophillips | Add +46.3% | 0.12% | +0.03 |
| ARE Alexandria Real Estate Equit | Add +41.4% | 0.10% | +0.03 |
| KLAC KLA Corp. | Add +14.7% | 0.16% | +0.03 |
| AWK American Water Works Co. Inc. | Add +199.3% | 0.05% | +0.03 |
| SHOP Shopify Inc. Class A | Add +59.0% | 0.07% | +0.03 |
| PPG PPG Industries Inc. | Add +194.0% | 0.05% | +0.03 |
| CLX Clorox Company | Add +564.4% | 0.04% | +0.03 |
| JCI Johnson Controls Internation | Add +86.0% | 0.07% | +0.03 |
| GILD Gilead Sciences Inc. | New | 0.03% | +0.03 |
| KR Kroger Co. | Add +237.7% | 0.04% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +53.2% | 0.11% | +0.03 |
| PLD Prologis Inc. | Add +27.0% | 0.14% | +0.03 |
| DTE DTE Energy Company | Add +536.4% | 0.03% | +0.03 |
| PSX Phillips 66 | Add +29.6% | 0.11% | +0.03 |
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 |