DekaBank Deutsche Girozentrale

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), DekaBank Deutsche Girozentrale reported 1,400 stock positions worth $51.0 billion. Its top holding was Microsoft (MSFT) at 5.3% of the portfolio, followed by Apple (AAPL, 4.2%) and Amazon.com (AMZN, 3.5%). Compared with Q4 2024, it opened 30 new positions, sold out of 48, added to 351 and reduced 520. The biggest buy was Johnson & Johnson (JNJ, shares +2%) and the biggest sale Apple (AAPL, shares −9%).

Most Recent 13F
Q2 2026
Location
FRANKFURT, 2M
CIK
0001456228
Portfolio Value
$51.0B (Q1 2025)
SEC Filing
0001456228-25-000002 ↗ filed Apr 30, 2025

Holdings Value

0$20.0B$40.0B$60.0B$80.0B Q1 2024: $53.7B Q1 2024 Q2 2024: $55.6B Q2 2024 Q3 2024: $53.9B Q3 2024 Q4 2024: $54.1B Q4 2024 Q1 2025: $51.0B $51.0B Q1 2025 Q2 2025: $56.1B Q2 2025 Q3 2025: $59.4B Q3 2025 Q4 2025: $57.9B Q4 2025 Q1 2026: $60.6B Q1 2026 Q2 2026: $59.2B Q2 2026

Holdings 1,400 stocks · $51.0B
MSFT Microsoft Corp. 5.26% 7,219,882 $2.7B Reduce -1.3%
AAPL Apple Inc. 4.19% 9,911,850 $2.1B Reduce -8.9%
AMZN Amazon.com Inc. 3.51% 9,528,429 $1.8B Add +0.6%
GOOGL Alphabet Inc. Class A 3.47% 11,596,975 $1.8B Add +2.8%
META Meta Platforms Inc. Class A 2.54% 2,310,811 $1.3B Add +1.2%
JPM JPMorgan Chase & Co. 1.61% 3,429,115 $823.3M Add +0.1%
PG The Procter & Gamble Co. 1.46% 4,417,127 $746.1M Reduce -0.7%
LLY Eli Lilly & Co. 1.45% 911,127 $741.2M Reduce -0.5%
JNJ Johnson & Johnson 1.43% 4,483,071 $731.5M Add +1.6%
MA Mastercard Inc. Class A 1.37% 1,309,726 $700.9M Reduce -1.0%
V Visa Inc. Class A 1.26% 1,895,040 $643.6M Reduce -0.7%
ABBV Abbvie Inc. 1.23% 3,084,031 $625.3M Add +0.9%
KO The Coca-Cola Co. 1.06% 7,670,051 $541.9M Add +0.7%
CSCO Cisco Systems Inc. 1.02% 8,570,978 $519.2M Reduce -0.2%
ACN Accenture PLC Class A 0.99% 1,680,610 $507.1M Reduce -1.3%
TSLA Tesla Inc. 0.95% 1,942,721 $482.5M Add +1.0%
MRK Merck & Co. Inc. 0.94% 5,390,606 $481.0M Reduce -0.7%
UNH Unitedhealth Group Inc. 0.93% 925,789 $475.0M Reduce -1.1%
PEP Pepsico Inc. 0.81% 2,764,254 $414.2M Add +0.3%
LIN Linde PLC 0.76% 844,306 $385.6M Reduce -0.6%
TMO Thermo Fisher Scientific Inc. 0.74% 767,218 $380.2M Reduce -0.7%
MSI Motorola Solutions Inc. 0.74% 874,375 $376.6M Add +8.8%
DB Deutsche Bank AG-Registered 0.72% 15,828,161 $367.9M Reduce -3.7%
PM Philip Morris International 0.72% 2,359,228 $365.0M Reduce -6.3%
CRH CRH PLC 0.69% 4,075,965 $354.1M Add +7.3%
CVX Chevron Corp. 0.69% 2,142,159 $353.2M Add +12.0%
ABT Abbott Laboratories 0.68% 2,659,731 $348.7M Add +4.6%
MCD McDonald's Corp. 0.66% 1,105,904 $338.1M Add +8.3%
ISRG Intuitive Surgical Inc. 0.65% 683,585 $329.9M Reduce -2.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.64% 1,355,436 $326.2M Add +0.3%
CRM Salesforce Inc. 0.63% 1,226,718 $323.5M Reduce -0.8%
NOW ServiceNow Inc. 0.63% 410,013 $320.1M Reduce -1.5%
NFLX Netflix Inc. 0.62% 346,227 $318.1M Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 0.62% 608,915 $317.1M Add +0.3%
EMR Emerson Electric Co. 0.60% 2,839,498 $303.8M Add +3.7%
VZ Verizon Communications Inc. 0.58% 6,574,910 $297.0M Reduce -9.9%
ADBE Adobe Inc. 0.58% 775,862 $295.6M Reduce -0.4%
GOOG Alphabet Inc. Class C 0.58% 1,917,077 $294.8M Add +10.4%
MRSH Marsh & McLennan Cos 0.55% 1,175,283 $280.1M Reduce -1.5%
PH Parker Hannifin Corp. 0.54% 466,791 $277.5M Reduce -0.6%
SYK Stryker Corp. 0.53% 745,603 $273.0M Reduce -0.9%
RSG Republic Services Inc. 0.52% 1,112,663 $263.5M Add +0.7%
COST Costco Wholesale Corp. 0.51% 284,109 $262.0M Add +1.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.51% 6,412,426 $261.2M Add +1.5%
XOM Exxon Mobil Corp. 0.50% 2,165,219 $254.9M Reduce -0.3%
VRTX Vertex Pharmaceuticals Inc. 0.47% 491,129 $238.8M Reduce -3.0%
AMGN Amgen Inc. 0.46% 767,943 $232.4M Add +7.9%
BMY Bristol-Myers Squibb Co. 0.46% 3,894,388 $232.3M Add +3.0%
GILD Gilead Sciences Inc. 0.45% 2,057,579 $229.3M Add +0.8%
HD Home Depot Inc. 0.45% 640,625 $229.0M Reduce -23.8%
WMT Walmart Inc. 0.44% 2,651,446 $222.3M Add +0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.43% 1,903,458 $221.6M Reduce -5.4%
NVDA Nvidia Corp. 0.43% 2,091,805 $219.4M Add +4.4%
TSM Taiwan Semiconductor-SP ADR 0.42% 1,339,479 $214.4M Add +0.9%
MDT Medtronic PLC 0.42% 2,475,926 $214.2M Add +5.3%
KLAC KLA Corp. 0.40% 309,546 $203.3M Reduce -2.5%
ADI Analog Devices Inc. 0.39% 1,006,430 $200.4M Add +0.7%
BKNG Booking Holdings Inc. 0.39% 43,428 $198.3M Reduce -1.3%
STLA Stellantis NV 0.39% 18,169,483 $198.0M Add +7.0%
DELL Dell Technologies -C 0.39% 2,224,975 $197.8M Reduce -0.7%
PGR Progressive Corp. 0.38% 703,819 $194.8M Reduce -7.7%
TXN Texas Instruments Inc. 0.38% 1,114,022 $194.2M Add +2.3%
XYL Xylem Inc. 0.38% 1,628,489 $192.3M Reduce -1.7%
ETN Eaton Corp. PLC 0.37% 704,358 $189.1M Add +4.6%
COP Conocophillips 0.37% 1,840,035 $186.7M Reduce -9.3%
INTU Intuit Inc. 0.36% 314,315 $185.0M Reduce -0.1%
PFE Pfizer Inc. 0.36% 7,379,620 $183.0M Reduce -0.3%
ORCL Oracle Corp. 0.36% 1,326,530 $181.8M Reduce -2.1%
CME Cme Group Inc. 0.35% 682,513 $178.0M Reduce -0.5%
BSX Boston Scientific Corp. 0.32% 1,696,861 $165.0M Reduce -8.0%
MDLZ Mondelez International Inc. Class A 0.32% 2,458,014 $164.8M Reduce -3.5%
SRE Sempra 0.32% 2,355,981 $164.0M Add +1.0%
EOG EOG Resources Inc. 0.32% 1,279,954 $161.8M Add +8.9%
ANSS Ansys Inc. 0.31% 499,777 $157.2M Reduce -0.7%
ELV Elevance Health Inc. 0.30% 355,969 $152.4M Add +3.7%
MCK McKesson Corp. 0.29% 223,717 $148.7M Reduce -1.7%
NEE Nextera Energy Inc. 0.29% 2,115,582 $148.5M Reduce -2.0%
ADP Automatic Data Processing 0.29% 497,521 $148.2M Add +3.2%
DHR Danaher Corp. 0.28% 710,636 $145.1M Add +4.8%
CRWD CrowdStrike Holdings Inc. Class A 0.28% 417,316 $144.3M Reduce -5.1%
COR Cencora Inc. 0.28% 532,888 $144.1M Reduce -1.9%
AME Ametek Inc. 0.28% 857,843 $143.5M Add +0.7%
CMCSA Comcast Corp. Class A 0.28% 4,003,389 $143.3M Add +1.0%
HON Honeywell International Inc. 0.28% 675,758 $142.4M Add +13.0%
AEM Agnico Eagle Mines Ltd. 0.28% 1,307,716 $142.0M Reduce -0.7%
UNP Union Pacific Corp. 0.28% 614,512 $141.2M Add +4.1%
CL Colgate-Palmolive Co. 0.28% 1,517,319 $140.7M Add +3.4%
REGN Regeneron Pharmaceuticals 0.27% 221,176 $139.5M Add +4.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.27% 1,432,788 $138.7M Add +1.1%
PWR Quanta Services Inc. 0.27% 552,581 $137.9M Add +6.9%
EW Edwards Lifesciences Corp. 0.27% 1,961,209 $137.6M Add +12.3%
SNA Snap-on Inc. 0.27% 419,446 $137.0M Add +0.8%
TT Trane Technologies PLC 0.27% 415,301 $136.6M Reduce -1.1%
PNR Pentair PLC 0.27% 1,577,208 $136.0M Add +5.9%
PLD Prologis Inc. 0.26% 1,220,520 $134.8M Add +1.7%
UBS UBS Group AG-Reg 0.26% 4,366,422 $134.4M Add +2.3%
EA Electronic Arts Inc. 0.26% 918,935 $131.9M Add +0.1%
CDNS Cadence Design SYS Inc. 0.26% 516,718 $131.7M Add +0.1%
CHKP Check Point Software Tech 0.25% 568,498 $128.8M Reduce -2.5%
KR Kroger Co. 0.25% 1,929,132 $127.5M Reduce -1.3%

Show all 1,400 holdings

Options reported separately and not counted above: LYFT calls ($0), MRVL calls ($0), MSFT calls ($0), CRM calls ($0), SYY puts ($0), VKTX calls ($0), W calls ($0), STLA puts ($0).

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -8.9% 4.19% −0.86
MSFT Microsoft Corp. Reduce -1.3% 5.26% −0.48
BLK BlackRock Finance Inc. Sold out 0.00% −0.36
QGEN Qiagen NV Sold out 0.00% −0.24
NOW ServiceNow Inc. Reduce -1.5% 0.63% −0.19
ANET Arista Networks Inc. Sold out 0.00% −0.16
HD Home Depot Inc. Reduce -23.8% 0.45% −0.16
CRM Salesforce Inc. Reduce -0.8% 0.63% −0.13
ACN Accenture PLC Class A Reduce -1.3% 0.99% −0.12
LRCX Lam Research Corp. Sold out 0.00% −0.10
DELL Dell Technologies -C Reduce -0.7% 0.39% −0.09
GEV GE Vernova Inc. Sold out 0.00% −0.09
AVGO Broadcom Inc. Reduce -0.5% 0.24% −0.09
SHW The Sherwin-Williams Co. Reduce -49.8% 0.09% −0.08
MRVL Marvell Technology Inc. Reduce -22.3% 0.06% −0.07
ULS Ul Solutions Inc. Class A Sold out 0.00% −0.07
YUMC Yum China Holdings Inc. Reduce -78.0% 0.02% −0.07
ORCL Oracle Corp. Reduce -2.1% 0.36% −0.06
ADBE Adobe Inc. Reduce -0.4% 0.58% −0.06
ACM Aecom Reduce -33.3% 0.09% −0.05
GTBP GT Biopharma Inc. Sold out 0.00% −0.05
VRT Vertiv Holdings Co. Class A Reduce -6.8% 0.08% −0.05
MRK Merck & Co. Inc. Reduce -0.7% 0.94% −0.05
FSLR First Solar Inc. Reduce -3.8% 0.12% −0.05
BDX Becton Dickinson and Co. Reduce -29.8% 0.14% −0.05
DDOG Datadog Inc. Class A Reduce -17.5% 0.07% −0.05
HAFN Hafnia Ltd. Sold out 0.00% −0.04
ISRG Intuitive Surgical Inc. Reduce -2.8% 0.65% −0.04
ODFL Old Dominion Freight Line Reduce -73.9% 0.01% −0.04
TTD Trade Desk Inc./the Class A Reduce -0.2% 0.03% −0.03
AMAT Applied Materials Inc. Reduce -3.1% 0.22% −0.03
BNTX Biontech SE-ADR Reduce -14.4% 0.07% −0.03
PLTR Palantir Technologies Inc. Class A Reduce -48.3% 0.04% −0.03
TGT Target Corp. Reduce -20.9% 0.05% −0.03
TJX TJX Companies Inc. Reduce -5.4% 0.43% −0.02
ROST Ross Stores Inc. Reduce -0.9% 0.15% −0.02
ENTG Entegris Inc. Reduce -9.3% 0.10% −0.02
CARR Carrier Global Corp. Reduce -6.0% 0.15% −0.02
STN Stantec Inc. Reduce -28.3% 0.08% −0.02
DLR Digital Realty Trust Inc. Reduce -3.9% 0.08% −0.02
HWM Howmet Aerospace Inc. Reduce -56.9% 0.02% −0.02
NTAP Netapp Inc. Reduce -1.0% 0.06% −0.02
TT Trane Technologies PLC Reduce -1.1% 0.27% −0.02
APP AppLovin Corp. Class A Reduce -1.8% 0.06% −0.02
BKNG Booking Holdings Inc. Reduce -1.3% 0.39% −0.02
IT Gartner Inc. Reduce -3.9% 0.10% −0.01
WDAY Workday Inc. Class A Reduce -19.6% 0.05% −0.01
LEN Lennar Corp. Class A Reduce -42.5% 0.01% −0.01
ARE Alexandria Real Estate Equit Reduce -53.1% 0.01% −0.01
DXCM Dexcom Inc. Reduce -1.5% 0.11% −0.01

Portfolio Buys Q4 2024 → Q1 2025
JNJ Johnson & Johnson Add +1.6% 1.43% +0.26
ABBV Abbvie Inc. Add +0.9% 1.23% +0.22
KO The Coca-Cola Co. Add +0.7% 1.06% +0.19
CVX Chevron Corp. Add +12.0% 0.69% +0.19
ABT Abbott Laboratories Add +4.6% 0.68% +0.15
BRK.B Berkshire Hathaway Inc. Class B Add +0.3% 0.62% +0.11
AMGN Amgen Inc. Add +7.9% 0.46% +0.11
MCD McDonald's Corp. Add +8.3% 0.66% +0.11
RSG Republic Services Inc. Add +0.7% 0.52% +0.10
JPM JPMorgan Chase & Co. Add +0.1% 1.61% +0.10
GILD Gilead Sciences Inc. Add +0.8% 0.45% +0.10
C Citigroup Inc. Add +88.7% 0.20% +0.10
CVS CVS Health Corp. Add +2.3% 0.25% +0.10
BALL Ball Corp. Add +359.3% 0.12% +0.09
IBM Intl Business Machines Corp. Add +0.3% 0.64% +0.09
WPM Wheaton Precious Metals Corp. Add +1.3% 0.25% +0.08
MDT Medtronic PLC Add +5.3% 0.42% +0.07
ELV Elevance Health Inc. Add +3.7% 0.30% +0.07
UBS UBS Group AG-Reg Add +2.3% 0.26% +0.06
EOG EOG Resources Inc. Add +8.9% 0.32% +0.06
BMY Bristol-Myers Squibb Co. Add +3.0% 0.46% +0.06
SYY Sysco Corp. Add +43.1% 0.18% +0.06
NEM Newmont Corp. Add +32.3% 0.12% +0.06
AMT American Tower Corp. Add +1.9% 0.23% +0.05
META Meta Platforms Inc. Class A Add +1.2% 2.54% +0.05
NFLX Netflix Inc. Add +0.0% 0.62% +0.05
MSI Motorola Solutions Inc. Add +8.8% 0.74% +0.04
GS Goldman Sachs Group Inc. Add +27.5% 0.20% +0.04
DGX Quest Diagnostics Inc. Add +2.3% 0.25% +0.04
CAH Cardinal Health Inc. Add +8.0% 0.16% +0.04
CRH CRH PLC Add +7.3% 0.69% +0.04
PEP Pepsico Inc. Add +0.3% 0.81% +0.04
T AT&T Inc. Add +0.5% 0.13% +0.03
MMM 3M Co. Add +16.4% 0.12% +0.03
PLD Prologis Inc. Add +1.7% 0.26% +0.03
COST Costco Wholesale Corp. Add +1.4% 0.51% +0.03
CL Colgate-Palmolive Co. Add +3.4% 0.28% +0.03
ICE Intercontinental Exchange Inc. Add +0.4% 0.15% +0.03
EW Edwards Lifesciences Corp. Add +12.3% 0.27% +0.03
ADP Automatic Data Processing Add +3.2% 0.29% +0.03
UNP Union Pacific Corp. Add +4.1% 0.28% +0.03
INTC Intel Corp. Add +7.3% 0.13% +0.03
ZS Zscaler Inc. Add +15.1% 0.10% +0.03
DE Deere & Co. Add +3.0% 0.16% +0.03
HON Honeywell International Inc. Add +13.0% 0.28% +0.03
CI The Cigna Group Add +0.7% 0.12% +0.02
AZO AutoZone Inc. Add +0.6% 0.11% +0.02
CCEP Coca-Cola Europacific Partne Add +0.2% 0.14% +0.02
EXPD Expeditors Intl Wash Inc. Add +1.3% 0.19% +0.02
TRV The Travelers Cos Inc. Add +0.2% 0.16% +0.02

Options Activity Q4 2024 → Q1 2025
GOOGL Alphabet Inc. Class A call Sold out 2,500 $0before exit
META Meta Platforms Inc. Class A put Sold out 3,000 $0before exit
GTBP GT Biopharma Inc. put Sold out 41,000 $0before exit
LYFT LYFT Inc. Class A call New 10,000 $0
MRVL Marvell Technology Inc. call New 8,000 $0
MSFT Microsoft Corp. call New 2,000 $0
CRM Salesforce Inc. call New 2,500 $0
TSLA Tesla Inc. call Sold out 50,000 $0before exit
TSLA Tesla Inc. put Sold out 6,000 $0before exit
VKTX Viking Therapeutics Inc. call New 5,000 $0
W Wayfair Inc. Class A call New 5,000 $0
DB Deutsche Bank AG-Registered put Sold out 100,000 $0before exit
RACE Ferrari NV put Sold out 3,000 $0before exit
QGEN Qiagen NV put Sold out 299,738 $0before exit
QGEN Qiagen NV call Sold out 400,000 $0before exit
STLA Stellantis NV call Sold out 100,000 $0before exit
STLA Stellantis NV put Reduce -32.8% 975,000 $0

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 1,102$59.2BGOOGL, AAPL, MSFT, AMZN, META
Q1 2026 1,101$60.6BGOOGL, AAPL, MSFT, AMZN, META
Q4 2025 1,386$57.9BMSFT, NVDA, AAPL, AMZN, GOOGL
Q3 2025 1,383$59.4BMSFT, AAPL, GOOGL, AMZN, META
Q2 2025 1,393$56.1BMSFT, AAPL, AMZN, GOOGL, META
Q1 2025 1,400$51.0BMSFT, AAPL, AMZN, GOOGL, META
Q4 2024 1,418$54.1BMSFT, AAPL, GOOGL, AMZN, META
Q3 2024 1,429$53.9BMSFT, AAPL, GOOGL, AMZN, META
Q2 2024 1,449$55.6BMSFT, AAPL, GOOGL, NVDA, AMZN
Q1 2024Amended 1,436$53.7BMSFT, NVDA, GOOGL, AMZN, AAPL