DekaBank Deutsche Girozentrale

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), DekaBank Deutsche Girozentrale reported 1,383 stock positions worth $59.4 billion. Its top holding was Microsoft (MSFT) at 6.7% of the portfolio, followed by Apple (AAPL, 4.6%) and Alphabet Class A (GOOGL, 4.6%). Compared with Q2 2025, it sold out of 10, added to 4 and reduced 1. The biggest buy was Deutsche Bank AG-Registered (DB, shares +11%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −50%).

Most Recent 13F
Q2 2026
Location
FRANKFURT, 2M
CIK
0001456228
Portfolio Value
$59.4B (Q3 2025)
SEC Filing
0001456228-25-000008 ↗ filed Nov 3, 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 Q1 2025 Q2 2025: $56.1B Q2 2025 Q3 2025: $59.4B $59.4B Q3 2025 Q4 2025: $57.9B Q4 2025 Q1 2026: $60.6B Q1 2026 Q2 2026: $59.2B Q2 2026

Holdings 1,383 stocks · $59.4B
MSFT Microsoft Corp. 6.67% 7,718,273 $4.0B Add +5.5%
AAPL Apple Inc. 4.65% 10,884,086 $2.8B No change
GOOGL Alphabet Inc. Class A 4.62% 11,282,439 $2.7B No change
AMZN Amazon.com Inc. 3.54% 9,474,725 $2.1B No change
META Meta Platforms Inc. Class A 2.86% 2,284,020 $1.7B No change
JPM JPMorgan Chase & Co. 1.82% 3,427,167 $1.1B No change
TSLA Tesla Inc. 1.43% 1,924,018 $847.4M No change
JNJ Johnson & Johnson 1.34% 4,411,321 $798.6M No change
MA Mastercard Inc. Class A 1.26% 1,322,367 $747.6M No change
DB Deutsche Bank AG-Registered 1.20% 20,083,720 $713.0M Add +11.3%
PG The Procter & Gamble Co. 1.15% 4,449,621 $684.8M No change
ABBV Abbvie Inc. 1.15% 3,054,882 $681.3M No change
LLY Eli Lilly & Co. 1.12% 915,360 $664.3M No change
V Visa Inc. Class A 1.10% 1,908,755 $652.5M No change
CSCO Cisco Systems Inc. 0.98% 8,586,581 $581.7M No change
KO The Coca-Cola Co. 0.85% 7,616,417 $503.8M No change
CRH CRH PLC 0.75% 3,798,126 $446.3M No change
MRK Merck & Co. Inc. 0.71% 5,427,912 $424.7M No change
GOOG Alphabet Inc. Class C 0.71% 1,735,763 $423.3M No change
ACN Accenture PLC Class A 0.71% 1,702,993 $419.9M No change
NFLX Netflix Inc. 0.70% 346,176 $418.1M No change
PM Philip Morris International 0.69% 2,517,673 $410.1M No change
LIN Linde PLC 0.68% 849,301 $404.9M No change
NOW ServiceNow Inc. 0.66% 416,444 $391.4M No change
PEP Pepsico Inc. 0.65% 2,757,161 $386.5M No change
ORCL Oracle Corp. 0.64% 1,354,438 $381.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.63% 1,351,453 $375.9M No change
NVDA Nvidia Corp. 0.61% 2,004,591 $364.7M Add +0.0%
MSI Motorola Solutions Inc. 0.61% 803,301 $364.5M No change
TSM Taiwan Semiconductor-SP ADR 0.61% 1,327,786 $364.3M No change
TMO Thermo Fisher Scientific Inc. 0.60% 772,643 $356.0M No change
EMR Emerson Electric Co. 0.60% 2,738,701 $354.8M No change
PH Parker Hannifin Corp. 0.59% 469,619 $352.4M No change
HD Home Depot Inc. 0.57% 840,158 $339.2M No change
KLAC KLA Corp. 0.57% 317,420 $339.1M No change
ABT Abbott Laboratories 0.57% 2,543,279 $337.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.56% 6,319,991 $330.9M No change
UNH Unitedhealth Group Inc. 0.54% 936,422 $321.7M No change
VZ Verizon Communications Inc. 0.53% 7,297,469 $316.1M No change
ISRG Intuitive Surgical Inc. 0.52% 703,054 $310.6M No change
MCD McDonald's Corp. 0.52% 1,021,608 $309.7M No change
CRM Salesforce Inc. 0.51% 1,237,031 $303.2M No change
BRK.B Berkshire Hathaway Inc. Class B 0.51% 607,262 $302.8M No change
CVX Chevron Corp. 0.50% 1,912,833 $297.8M No change
DELL Dell Technologies -C 0.50% 2,239,931 $297.0M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.49% 2,011,893 $289.8M No change
ADBE Adobe Inc. 0.47% 778,650 $280.6M No change
SYK Stryker Corp. 0.47% 752,729 $276.8M No change
WMT Walmart Inc. 0.46% 2,640,233 $271.5M No change
COST Costco Wholesale Corp. 0.43% 280,188 $256.3M No change
RSG Republic Services Inc. 0.43% 1,105,327 $252.7M No change
AVGO Broadcom Inc. 0.42% 757,234 $250.0M No change
XOM Exxon Mobil Corp. 0.42% 2,172,524 $247.7M No change
ETN Eaton Corp. PLC 0.41% 673,631 $246.3M No change
ADI Analog Devices Inc. 0.41% 999,243 $242.9M No change
BKNG Booking Holdings Inc. 0.40% 44,018 $240.4M No change
XYL Xylem Inc. 0.40% 1,656,369 $239.3M No change
MRSH Marsh & McLennan Cos 0.40% 1,193,291 $237.4M No change
GILD Gilead Sciences Inc. 0.38% 2,040,494 $228.6M No change
MDT Medtronic PLC 0.37% 2,351,765 $220.8M No change
INTU Intuit Inc. 0.37% 314,704 $218.0M No change
AEM Agnico Eagle Mines Ltd. 0.36% 1,317,039 $215.4M No change
PWR Quanta Services Inc. 0.36% 517,038 $213.5M No change
CRWD CrowdStrike Holdings Inc. Class A 0.36% 439,865 $213.0M No change
SRE Sempra 0.35% 2,332,884 $208.5M No change
VRTX Vertex Pharmaceuticals Inc. 0.34% 506,457 $199.7M No change
TXN Texas Instruments Inc. 0.34% 1,088,670 $199.7M No change
AMGN Amgen Inc. 0.33% 711,647 $194.9M No change
COP Conocophillips 0.32% 2,028,920 $193.1M No change
CME Cme Group Inc. 0.31% 685,973 $185.9M No change
PGR Progressive Corp. 0.31% 762,179 $185.8M No change
EA Electronic Arts Inc. 0.31% 918,463 $185.6M No change
CDNS Cadence Design SYS Inc. 0.30% 516,204 $180.1M No change
ANSS Ansys Inc. 0.30% 503,319 $180.0M No change
BSX Boston Scientific Corp. 0.30% 1,844,793 $179.9M No change
WPM Wheaton Precious Metals Corp. 0.30% 1,628,243 $178.3M No change
PFE Pfizer Inc. 0.30% 7,398,373 $176.2M No change
UBS UBS Group AG-Reg 0.30% 4,269,505 $176.2M No change
MCK McKesson Corp. 0.29% 227,498 $173.0M No change
TT Trane Technologies PLC 0.29% 419,951 $172.9M No change
BMY Bristol-Myers Squibb Co. 0.28% 3,782,490 $168.8M No change
AMAT Applied Materials Inc. 0.28% 816,742 $166.9M No change
MPWR Monolithic Power Systems Inc. 0.28% 190,443 $165.9M No change
COR Cencora Inc. 0.28% 543,013 $165.9M No change
MU Micron Technology Inc. 0.28% 1,004,363 $165.0M No change
NEE Nextera Energy Inc. 0.28% 2,158,008 $164.2M No change
PNR Pentair PLC 0.27% 1,489,715 $162.9M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.27% 1,416,537 $162.1M No change
AME Ametek Inc. 0.27% 852,057 $158.4M No change
STLA Stellantis NV 0.26% 16,978,909 $156.8M No change
MDLZ Mondelez International Inc. Class A 0.26% 2,545,820 $156.5M No change
CAT Caterpillar Inc. 0.26% 326,603 $153.3M No change
GE General Electric filed as GE AEROSPACE 0.25% 508,277 $150.2M No change
RACE Ferrari NV 0.24% 297,844 $143.6M Add +0.4%
SNA Snap-on Inc. 0.24% 415,921 $142.8M No change
ROK Rockwell Automation Inc. 0.24% 417,024 $142.8M No change
ADP Automatic Data Processing 0.24% 482,230 $141.3M No change
DGX Quest Diagnostics Inc. 0.24% 748,680 $140.9M No change
CVS CVS Health Corp. 0.24% 1,858,556 $140.4M No change
UNP Union Pacific Corp. 0.23% 590,385 $138.7M No change

Show all 1,383 holdings

Options reported separately and not counted above: DB puts ($0).

Portfolio Sells Q2 2025 → Q3 2025
HDB HDFC Bank Ltd.-ADR Reduce -50.0% 0.02% −0.02
DFS Discover Financial Services Sold out 0.00% −0.02
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −0.01
B Barrick Gold Corp. Sold out 0.00% −0.00
AMPS Altus Power Inc. Sold out 0.00% −0.00
BANCOLOMBIA S.A.-SPONS ADR Sold out 0.00% −0.00
DEA Easterly Govt Pptys Inc. Sold out 0.00% −0.00
HEES H&E Equipment Services Inc. Sold out 0.00% −0.00
BERY Berry Global Group Inc. Sold out 0.00% −0.00
JWN Nordstrom Inc. Sold out 0.00% −0.00
NOVAQ Sunnova Energy International Sold out 0.00% −0.00

Portfolio Buys Q2 2025 → Q3 2025
DB Deutsche Bank AG-Registered Add +11.3% 1.20% +0.25
MSFT Microsoft Corp. Add +5.5% 6.67% +0.16
NVDA Nvidia Corp. Add +0.0% 0.61% +0.05
RACE Ferrari NV Add +0.4% 0.24% −0.02

Options Activity Q2 2025 → Q3 2025
DB Deutsche Bank AG-Registered put New 60,000 $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