Commerzbank Aktiengesellschaft
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Commerzbank Aktiengesellschaft reported 374 stock positions worth $4.9 billion. Its top holding was Alphabet Class A (GOOGL) at 6.3% of the portfolio, followed by Microsoft (MSFT, 6.2%) and Apple (AAPL, 5.7%). Compared with Q3 2025, it opened 35 new positions, sold out of 15, added to 135 and reduced 88. The biggest buy was Cisco Systems (CSCO, shares +48%) and the biggest sale Alphabet Class A (GOOGL, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFURT, 2M
- CIK
- 0000852933
- Portfolio Value
- $4.9B (Q4 2025)
- SEC Filing
- 0001683168-26-000779 ↗ filed Feb 5, 2026
Holdings Value
Holdings 374 stocks · $4.9B
| GOOGL Alphabet Inc. Class A | 6.27% | 984,283 | $308.1M | Reduce -33.4% |
| MSFT Microsoft Corp. | 6.24% | 633,851 | $306.5M | Reduce -7.3% |
| AAPL Apple Inc. | 5.70% | 1,029,804 | $280.0M | Reduce -6.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.90% | 646,619 | $191.5M | Add +18.9% |
| JNJ Johnson & Johnson | 3.75% | 889,390 | $184.1M | Add +3.8% |
| CSCO Cisco Systems Inc. | 3.69% | 2,354,648 | $181.4M | Add +48.4% |
| V Visa Inc. Class A | 3.58% | 501,893 | $176.0M | Add +1.1% |
| JPM JPMorgan Chase & Co. | 3.19% | 486,779 | $156.8M | Reduce -1.3% |
| KO The Coca-Cola Co. | 3.16% | 2,220,868 | $155.3M | Add +7.1% |
| NVDA Nvidia Corp. | 3.15% | 831,141 | $155.0M | Reduce -7.3% |
| AVGO Broadcom Inc. | 3.04% | 432,252 | $149.6M | Reduce -18.1% |
| CVX Chevron Corp. | 2.61% | 842,374 | $128.4M | Add +0.3% |
| DB Deutsche Bank AG-Registered | 2.56% | 3,258,795 | $125.7M | Add +4.3% |
| MCD McDonald's Corp. | 2.55% | 409,297 | $125.1M | Add +9.6% |
| T AT&T Inc. | 2.28% | 4,508,830 | $112.0M | Add +21.0% |
| META Meta Platforms Inc. Class A | 2.15% | 160,059 | $105.7M | Add +11.7% |
| XOM Exxon Mobil Corp. | 1.73% | 706,971 | $85.1M | Add +1.1% |
| AMZN Amazon.com Inc. | 1.72% | 365,478 | $84.4M | Reduce -17.0% |
| PG The Procter & Gamble Co. | 1.70% | 582,167 | $83.4M | Add +1.3% |
| HON Honeywell International Inc. | 1.68% | 422,277 | $82.4M | Add +39.2% |
| CAT Caterpillar Inc. | 1.61% | 138,161 | $79.1M | Reduce -8.2% |
| QCOM Qualcomm Inc. | 1.22% | 349,752 | $59.8M | Reduce -26.0% |
| HD Home Depot Inc. | 1.17% | 166,986 | $57.5M | Add +32.6% |
| PANW Palo Alto Networks Inc. | 1.13% | 302,572 | $55.7M | Reduce -13.3% |
| GS Goldman Sachs Group Inc. | 1.13% | 63,242 | $55.6M | Add +4.0% |
| VZ Verizon Communications Inc. | 1.00% | 1,212,673 | $49.4M | Add +256.0% |
| PEP Pepsico Inc. | 0.99% | 339,899 | $48.8M | Add +3.6% |
| AMGN Amgen Inc. | 0.99% | 148,549 | $48.6M | Reduce -8.4% |
| LLY Eli Lilly & Co. | 0.81% | 37,225 | $40.0M | Reduce -6.4% |
| TMO Thermo Fisher Scientific Inc. | 0.75% | 63,776 | $37.0M | Reduce -0.4% |
| MRK Merck & Co. Inc. | 0.75% | 350,758 | $36.9M | Add +1.0% |
| MA Mastercard Inc. Class A | 0.67% | 57,388 | $32.8M | Add +0.7% |
| ORCL Oracle Corp. | 0.67% | 167,747 | $32.7M | Reduce -9.3% |
| WM Waste Management Inc. | 0.63% | 141,705 | $31.1M | Add +7.3% |
| MDLZ Mondelez International Inc. Class A | 0.58% | 526,885 | $28.4M | Add +4.0% |
| NFLX Netflix Inc. | 0.50% | 262,417 | $24.6M | Reduce -4.8% |
| GE General Electric filed as GE AEROSPACE | 0.47% | 75,023 | $23.1M | Reduce -7.5% |
| UNH Unitedhealth Group Inc. | 0.46% | 69,176 | $22.8M | Reduce -6.8% |
| PYPL PayPal Holdings Inc. | 0.44% | 371,027 | $21.7M | Add +2.1% |
| CMCSA Comcast Corp. Class A | 0.39% | 643,759 | $19.2M | Add +13.7% |
| CRM Salesforce Inc. | 0.38% | 70,432 | $18.7M | Add +12.0% |
| ABBV Abbvie Inc. | 0.37% | 79,412 | $18.1M | Reduce -11.9% |
| BKNG Booking Holdings Inc. | 0.35% | 3,236 | $17.3M | Reduce -24.0% |
| GOOG Alphabet Inc. Class C | 0.34% | 53,836 | $16.9M | Reduce -11.6% |
| CME Cme Group Inc. | 0.33% | 58,892 | $16.1M | No change |
| ACN Accenture PLC Class A | 0.32% | 58,601 | $15.7M | Reduce -4.7% |
| WMT Walmart Inc. | 0.31% | 138,641 | $15.4M | Add +41.6% |
| XYL Xylem Inc. | 0.30% | 108,968 | $14.8M | Add +23.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 29,398 | $14.8M | Add +4.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 264,474 | $14.5M | Add +49.2% |
| ABT Abbott Laboratories | 0.29% | 113,596 | $14.2M | Reduce -53.7% |
| TSLA Tesla Inc. | 0.27% | 29,869 | $13.4M | Add +6.1% |
| EQIX Equinix Inc. | 0.27% | 17,479 | $13.4M | Add +2.6% |
| ADBE Adobe Inc. | 0.27% | 38,013 | $13.3M | Add +109.5% |
| PFE Pfizer Inc. | 0.27% | 524,826 | $13.1M | Add +1.4% |
| FDX FedEx Corp. | 0.27% | 45,198 | $13.1M | Reduce -3.4% |
| MNST Monster Beverage Corp. | 0.25% | 162,500 | $12.5M | Add +34.1% |
| TXN Texas Instruments Inc. | 0.25% | 69,943 | $12.1M | Reduce -11.3% |
| UPS United Parcel Service Class B | 0.23% | 116,427 | $11.5M | Reduce -0.5% |
| AMT American Tower Corp. | 0.23% | 65,696 | $11.5M | Add +7.0% |
| TMUS T-Mobile US Inc. | 0.23% | 56,013 | $11.4M | Reduce -65.4% |
| INTC Intel Corp. | 0.21% | 285,507 | $10.5M | Reduce -36.9% |
| WFC Wells Fargo & Co. | 0.20% | 107,926 | $10.1M | Add +5.3% |
| USB US Bancorp | 0.20% | 187,049 | $10.0M | Add +0.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.20% | 94,184 | $9.6M | Add +211.0% |
| NKE Nike Inc. Class B | 0.19% | 145,110 | $9.2M | Add +37.8% |
| MET Metlife Inc. | 0.18% | 110,887 | $8.8M | Add +7.7% |
| AXP American Express Co. | 0.18% | 23,478 | $8.7M | Reduce -3.1% |
| SYK Stryker Corp. | 0.17% | 23,137 | $8.1M | Reduce -15.2% |
| SBUX Starbucks Corp. | 0.17% | 96,476 | $8.1M | Add +7.1% |
| DUK Duke Energy Corp. | 0.16% | 69,145 | $8.1M | Add +7.1% |
| GILD Gilead Sciences Inc. | 0.16% | 65,978 | $8.1M | Add +429.1% |
| KLAC KLA Corp. | 0.16% | 6,574 | $8.0M | Reduce -9.8% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.16% | 81,398 | $8.0M | Add +12.5% |
| BLK BlackRock Inc. | 0.16% | 7,417 | $7.9M | Add +0.7% |
| COST Costco Wholesale Corp. | 0.16% | 8,857 | $7.6M | Reduce -13.6% |
| COP Conocophillips | 0.15% | 79,782 | $7.5M | Add +33.0% |
| PLD Prologis Inc. | 0.15% | 57,934 | $7.4M | Add +0.6% |
| LIN Linde PLC | 0.15% | 17,202 | $7.3M | Add +35.0% |
| AMAT Applied Materials Inc. | 0.14% | 27,448 | $7.1M | Reduce -12.9% |
| ANET Arista Networks Inc. | 0.14% | 53,807 | $7.0M | Reduce -8.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.14% | 180,047 | $6.9M | Add +19.2% |
| UNP Union Pacific Corp. | 0.14% | 29,492 | $6.8M | Reduce -2.7% |
| ISRG Intuitive Surgical Inc. | 0.13% | 11,677 | $6.6M | Reduce -1.1% |
| BSX Boston Scientific Corp. | 0.13% | 64,500 | $6.2M | Add +332.2% |
| MS Morgan Stanley | 0.12% | 34,072 | $6.0M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.12% | 52,590 | $6.0M | Add +1.3% |
| OKE Oneok Inc. | 0.12% | 80,080 | $5.9M | Add +200.2% |
| KMI Kinder Morgan Inc. | 0.12% | 209,202 | $5.8M | Add +1054.6% |
| TRV The Travelers Cos Inc. | 0.12% | 19,765 | $5.7M | Reduce -46.6% |
| OMC Omnicom Group | 0.12% | 70,023 | $5.7M | Add +28.8% |
| CCI Crown Castle Inc. | 0.11% | 63,142 | $5.6M | Add +3.5% |
| KMB Kimberly-Clark Corp. | 0.11% | 54,556 | $5.5M | Add +27.8% |
| SCHW Schwab (charles) Corp. | 0.11% | 55,092 | $5.5M | Add +218.7% |
| ADI Analog Devices Inc. | 0.11% | 19,561 | $5.3M | Add +29.6% |
| PSX Phillips 66 | 0.11% | 40,678 | $5.2M | Add +6.3% |
| KHC The Kraft Heinz Co. | 0.10% | 208,860 | $5.1M | Reduce -4.9% |
| CI The Cigna Group | 0.10% | 18,388 | $5.1M | Add +5.8% |
| INTU Intuit Inc. | 0.10% | 7,590 | $5.0M | Add +0.3% |
| ADP Automatic Data Processing | 0.10% | 19,221 | $4.9M | Reduce -36.9% |
Portfolio Sells Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Reduce -33.4% | 6.27% | −1.19 |
| MSFT Microsoft Corp. | Reduce -7.3% | 6.24% | −1.12 |
| TMUS T-Mobile US Inc. | Reduce -65.4% | 0.23% | −0.57 |
| AVGO Broadcom Inc. | Reduce -18.1% | 3.04% | −0.57 |
| QCOM Qualcomm Inc. | Reduce -26.0% | 1.22% | −0.42 |
| ORCL Oracle Corp. | Reduce -9.3% | 0.67% | −0.42 |
| ABT Abbott Laboratories | Reduce -53.7% | 0.29% | −0.39 |
| PANW Palo Alto Networks Inc. | Reduce -13.3% | 1.13% | −0.34 |
| NVDA Nvidia Corp. | Reduce -7.3% | 3.15% | −0.32 |
| AMZN Amazon.com Inc. | Reduce -17.0% | 1.72% | −0.29 |
| DE Deere & Co. | Reduce -80.8% | 0.05% | −0.20 |
| NFLX Netflix Inc. | Reduce -4.8% | 0.50% | −0.19 |
| AAPL Apple Inc. | Reduce -6.9% | 5.70% | −0.15 |
| BKNG Booking Holdings Inc. | Reduce -24.0% | 0.35% | −0.13 |
| INTC Intel Corp. | Reduce -36.9% | 0.21% | −0.10 |
| TRV The Travelers Cos Inc. | Reduce -46.6% | 0.12% | −0.10 |
| ADP Automatic Data Processing | Reduce -36.9% | 0.10% | −0.09 |
| SNPS Synopsys Inc. | Reduce -66.8% | 0.03% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -6.8% | 0.46% | −0.07 |
| ABBV Abbvie Inc. | Reduce -11.9% | 0.37% | −0.06 |
| HPQ HP Inc. | Reduce -37.9% | 0.06% | −0.06 |
| TXN Texas Instruments Inc. | Reduce -11.3% | 0.25% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -41.9% | 0.08% | −0.05 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.05 |
| SYK Stryker Corp. | Reduce -15.2% | 0.17% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -13.6% | 0.16% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -1.3% | 3.19% | −0.04 |
| GE General Electric | Reduce -7.5% | 0.47% | −0.04 |
| ANET Arista Networks Inc. | Reduce -8.2% | 0.14% | −0.03 |
| AEP American Electric Power | Reduce -25.7% | 0.09% | −0.03 |
| HUM Humana Inc. | Sold out | 0.00% | −0.03 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.02 |
| OC Owens Corning | Sold out | 0.00% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -4.9% | 0.10% | −0.02 |
| MELI MercadoLibre Inc. | Reduce -6.9% | 0.06% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -21.4% | 0.03% | −0.01 |
| HPE Hewlett Packard Enterprise | Reduce -18.2% | 0.05% | −0.01 |
| PM Philip Morris International | Sold out | 0.00% | −0.01 |
| SOLS Solstice Adv Materials Inc. | Reduce -12.9% | 0.07% | −0.01 |
| CVS CVS Health Corp. | Reduce -12.9% | 0.09% | −0.01 |
| UNP Union Pacific Corp. | Reduce -2.7% | 0.14% | −0.01 |
| VLO Valero Energy Corp. | Reduce -16.1% | 0.03% | −0.01 |
| WDAY Workday Inc. Class A | Reduce -18.7% | 0.02% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -11.8% | 0.07% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -5.3% | 0.07% | −0.01 |
| CTRA Coterra Energy Inc. | Reduce -24.9% | 0.03% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -31.6% | 0.02% | −0.01 |
| AMX America Movil Sab DE CV | Reduce -53.3% | 0.00% | −0.01 |
| L Loews Corp. | Sold out | 0.00% | −0.01 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| CSCO Cisco Systems Inc. | Add +48.4% | 3.69% | +1.44 |
| IBM Intl Business Machines Corp. | Add +18.9% | 3.90% | +0.71 |
| VZ Verizon Communications Inc. | Add +256.0% | 1.00% | +0.69 |
| JNJ Johnson & Johnson | Add +3.8% | 3.75% | +0.45 |
| HON Honeywell International Inc. | Add +39.2% | 1.68% | +0.35 |
| KO The Coca-Cola Co. | Add +7.1% | 3.16% | +0.30 |
| DB Deutsche Bank AG-Registered | Add +4.3% | 2.56% | +0.26 |
| MCD McDonald's Corp. | Add +9.6% | 2.55% | +0.19 |
| MRK Merck & Co. Inc. | Add +1.0% | 0.75% | +0.15 |
| ADBE Adobe Inc. | Add +109.5% | 0.27% | +0.14 |
| GILD Gilead Sciences Inc. | Add +429.1% | 0.16% | +0.14 |
| TROW T Rowe Price Group Inc. | Add +211.0% | 0.20% | +0.13 |
| GS Goldman Sachs Group Inc. | Add +4.0% | 1.13% | +0.13 |
| HD Home Depot Inc. | Add +32.6% | 1.17% | +0.11 |
| KMI Kinder Morgan Inc. | Add +1054.6% | 0.12% | +0.11 |
| BAC Bank of America Corp. | Add +49.2% | 0.30% | +0.11 |
| WMT Walmart Inc. | Add +41.6% | 0.31% | +0.10 |
| BSX Boston Scientific Corp. | Add +332.2% | 0.13% | +0.09 |
| XOM Exxon Mobil Corp. | Add +1.1% | 1.73% | +0.09 |
| T AT&T Inc. | Add +21.0% | 2.28% | +0.09 |
| MNST Monster Beverage Corp. | Add +34.1% | 0.25% | +0.08 |
| OKE Oneok Inc. | Add +200.2% | 0.12% | +0.08 |
| SCHW Schwab (charles) Corp. | Add +218.7% | 0.11% | +0.08 |
| CRM Salesforce Inc. | Add +12.0% | 0.38% | +0.07 |
| V Visa Inc. Class A | Add +1.1% | 3.58% | +0.06 |
| AES AES Corp. | New | 0.06% | +0.06 |
| AZO AutoZone Inc. | Add +519.5% | 0.07% | +0.05 |
| UBER Uber Technologies Inc. | Add +130.0% | 0.09% | +0.04 |
| PEP Pepsico Inc. | Add +3.6% | 0.99% | +0.04 |
| NKE Nike Inc. Class B | Add +37.8% | 0.19% | +0.04 |
| COP Conocophillips | Add +33.0% | 0.15% | +0.03 |
| SLB SLB Ltd. | Add +19.2% | 0.14% | +0.03 |
| ADI Analog Devices Inc. | Add +29.6% | 0.11% | +0.03 |
| YUM Yum! Brands Inc. | Add +540.1% | 0.04% | +0.03 |
| XYL Xylem Inc. | Add +23.0% | 0.30% | +0.03 |
| APH Amphenol Corp. Class A | Add +101.0% | 0.06% | +0.03 |
| LRCX Lam Research Corp. | Add +48.8% | 0.06% | +0.03 |
| WM Waste Management Inc. | Add +7.3% | 0.63% | +0.03 |
| WFC Wells Fargo & Co. | Add +5.3% | 0.20% | +0.03 |
| PFG Principal Financial Group | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | Add +1.0% | 0.06% | +0.03 |
| LIN Linde PLC | Add +35.0% | 0.15% | +0.02 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.02% | +0.02 |
| OMC Omnicom Group | Add +28.8% | 0.12% | +0.02 |
| CMCSA Comcast Corp. Class A | Add +13.7% | 0.39% | +0.02 |
| MRSH Marsh & McLennan Cos | Add +112.7% | 0.05% | +0.02 |
| BR Broadridge Financial Solutio | New | 0.02% | +0.02 |
| RPM RPM International Inc. | New | 0.02% | +0.02 |
| PKG Packaging Corp. of America | New | 0.02% | +0.02 |
| RPRX Royalty Pharma PLC Class A | New | 0.02% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| CISCO SYS INC | put | Sold out | 11,500 | $21Kbefore exit |
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 |