DekaBank Deutsche Girozentrale

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), DekaBank Deutsche Girozentrale reported 1,386 stock positions worth $57.9 billion. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by Nvidia (NVDA, 5.0%) and Apple (AAPL, 3.6%). Compared with Q3 2025, it opened 3 new positions, added to 3 and reduced 6. The biggest buy was Nvidia (NVDA, shares +50%) and the biggest sale Microsoft (MSFT, shares −4%).

Most Recent 13F
Q2 2026
Location
FRANKFURT, 2M
CIK
0001456228
Portfolio Value
$57.9B (Q4 2025)
SEC Filing
0001456228-26-000001 ↗ filed Jan 28, 2026

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 Q3 2025 Q4 2025: $57.9B $57.9B Q4 2025 Q1 2026: $60.6B Q1 2026 Q2 2026: $59.2B Q2 2026

Holdings 1,386 stocks · $57.9B
MSFT Microsoft Corp. 5.63% 7,417,273 $3.3B Reduce -3.9%
NVDA Nvidia Corp. 4.99% 3,006,612 $2.9B Add +50.0%
AAPL Apple Inc. 3.57% 10,884,086 $2.1B No change
AMZN Amazon.com Inc. 3.56% 10,429,725 $2.1B Add +10.1%
GOOGL Alphabet Inc. Class A 3.55% 11,282,439 $2.1B No change
AVGO Broadcom Inc. 1.92% 757,234 $1.1B No change
META Meta Platforms Inc. Class A 1.87% 2,284,020 $1.1B No change
PG The Procter & Gamble Co. 1.36% 4,449,621 $789.0M No change
MRK Merck & Co. Inc. 1.34% 5,427,912 $774.0M No change
LLY Eli Lilly & Co. 1.29% 915,360 $746.0M No change
JPM JPMorgan Chase & Co. 1.25% 3,427,167 $726.0M No change
JNJ Johnson & Johnson 1.23% 4,411,321 $709.3M No change
DB Deutsche Bank AG-Registered 1.22% 17,786,599 $704.4M Reduce -11.4%
MA Mastercard Inc. Class A 1.14% 1,322,367 $662.1M No change
V Visa Inc. Class A 0.98% 1,908,755 $568.3M No change
ACN Accenture PLC Class A 0.98% 1,702,993 $565.7M No change
ABBV Abbvie Inc. 0.94% 3,054,882 $541.2M No change
PEP Pepsico Inc. 0.92% 2,757,161 $532.3M No change
KO The Coca-Cola Co. 0.90% 7,616,417 $517.9M No change
UNH Unitedhealth Group Inc. 0.87% 936,422 $501.3M No change
TMO Thermo Fisher Scientific Inc. 0.84% 772,643 $488.4M No change
CSCO Cisco Systems Inc. 0.78% 8,586,581 $449.1M No change
LIN Linde PLC 0.72% 849,301 $414.0M No change
ADBE Adobe Inc. 0.70% 778,650 $402.9M No change
TSLA Tesla Inc. 0.69% 1,924,018 $401.5M No change
CRM Salesforce Inc. 0.64% 1,237,031 $372.6M No change
CVX Chevron Corp. 0.60% 1,912,833 $348.3M No change
EMR Emerson Electric Co. 0.57% 2,738,701 $329.3M No change
CRH CRH PLC 0.57% 3,798,126 $328.5M No change
NOW ServiceNow Inc. 0.56% 416,444 $326.7M Reduce -80.0%
VZ Verizon Communications Inc. 0.55% 7,297,469 $320.4M No change
GOOG Alphabet Inc. Class C 0.55% 1,735,763 $318.2M No change
DELL Dell Technologies -C 0.54% 2,239,931 $313.0M No change
HD Home Depot Inc. 0.54% 840,158 $310.0M No change
MCD McDonald's Corp. 0.53% 1,021,608 $306.4M No change
MSI Motorola Solutions Inc. 0.53% 803,301 $305.7M No change
ABT Abbott Laboratories 0.52% 2,543,279 $298.9M No change
COP Conocophillips 0.50% 2,028,920 $289.2M No change
ISRG Intuitive Surgical Inc. 0.50% 703,054 $288.0M No change
PH Parker Hannifin Corp. 0.49% 469,619 $285.3M No change
XOM Exxon Mobil Corp. 0.49% 2,172,524 $284.9M No change
SYK Stryker Corp. 0.48% 752,729 $279.6M No change
BRK.B Berkshire Hathaway Inc. Class B 0.46% 607,262 $266.7M No change
PM Philip Morris International 0.46% 2,517,673 $263.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.45% 6,319,991 $259.9M No change
MRSH Marsh & McLennan Cos 0.45% 1,193,291 $259.7M No change
KLAC KLA Corp. 0.43% 317,420 $247.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.43% 1,351,453 $247.7M No change
ETN Eaton Corp. PLC 0.42% 673,631 $240.7M No change
XYL Xylem Inc. 0.42% 1,656,369 $240.6M No change
RSG Republic Services Inc. 0.40% 1,105,327 $234.3M No change
ADI Analog Devices Inc. 0.39% 999,243 $223.1M No change
COST Costco Wholesale Corp. 0.39% 280,188 $222.9M No change
VRTX Vertex Pharmaceuticals Inc. 0.38% 506,457 $219.8M No change
INTU Intuit Inc. 0.38% 314,704 $219.7M No change
AMGN Amgen Inc. 0.37% 711,647 $215.3M No change
TXN Texas Instruments Inc. 0.37% 1,088,670 $213.7M No change
NFLX Netflix Inc. 0.37% 348,676 $213.5M Reduce -89.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.36% 2,011,893 $209.1M No change
MDT Medtronic PLC 0.36% 2,351,765 $208.4M No change
PFE Pfizer Inc. 0.36% 7,398,373 $208.0M No change
REGN Regeneron Pharmaceuticals 0.36% 211,207 $206.8M No change
TSM Taiwan Semiconductor-SP ADR 0.35% 1,327,786 $201.5M No change
ELV Elevance Health Inc. 0.35% 343,263 $200.7M No change
MDLZ Mondelez International Inc. Class A 0.35% 2,545,820 $200.5M No change
STLA Stellantis NV 0.32% 16,978,909 $187.6M No change
BMY Bristol-Myers Squibb Co. 0.32% 3,782,490 $184.9M No change
SRE Sempra 0.32% 2,332,884 $184.8M No change
DHR Danaher Corp. 0.32% 678,074 $183.6M No change
AMAT Applied Materials Inc. 0.32% 816,742 $183.2M No change
ANSS Ansys Inc. 0.31% 503,319 $181.9M No change
EOG EOG Resources Inc. 0.30% 1,175,048 $175.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.30% 1,416,537 $174.0M No change
WMT Walmart Inc. 0.30% 2,640,233 $173.9M No change
PGR Progressive Corp. 0.30% 762,179 $172.8M No change
ORCL Oracle Corp. 0.30% 1,354,438 $172.2M No change
BKNG Booking Holdings Inc. 0.29% 44,018 $169.3M No change
CMCSA Comcast Corp. Class A 0.29% 3,965,486 $168.5M No change
AME Ametek Inc. 0.29% 852,057 $165.8M No change
EW Edwards Lifesciences Corp. 0.28% 1,747,168 $164.2M No change
NEE Nextera Energy Inc. 0.28% 2,158,008 $159.5M No change
CDNS Cadence Design SYS Inc. 0.28% 516,204 $159.3M No change
CME Cme Group Inc. 0.27% 685,973 $157.6M No change
UNP Union Pacific Corp. 0.27% 590,385 $155.8M No change
PPG PPG Industries Inc. 0.26% 1,061,312 $152.0M No change
PWR Quanta Services Inc. 0.26% 517,038 $148.6M No change
GILD Gilead Sciences Inc. 0.25% 2,040,494 $147.3M No change
BSX Boston Scientific Corp. 0.25% 1,844,793 $146.5M No change
CL Colgate-Palmolive Co. 0.25% 1,467,005 $146.0M No change
CRWD CrowdStrike Holdings Inc. Class A 0.25% 439,865 $145.7M No change
APH Amphenol Corp. Class A 0.25% 1,086,445 $145.4M No change
COR Cencora Inc. 0.25% 543,013 $142.8M No change
MPWR Monolithic Power Systems Inc. 0.25% 190,443 $141.8M No change
TT Trane Technologies PLC 0.24% 419,951 $139.0M No change
FCX Freeport-McMoran Inc. 0.24% 2,397,817 $137.5M No change
CVS CVS Health Corp. 0.24% 1,858,556 $137.5M No change
PLD Prologis Inc. 0.24% 1,199,812 $137.4M No change
MCK McKesson Corp. 0.23% 227,498 $133.8M No change
RACE Ferrari NV 0.23% 345,846 $132.3M Add +16.1%
GWW WW Grainger Inc. 0.23% 128,721 $131.8M No change

Show all 1,386 holdings

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -3.9% 5.63% −1.04
NFLX Netflix Inc. Reduce -89.9% 0.37% −0.33
NOW ServiceNow Inc. Reduce -80.0% 0.56% −0.09
BN Brookfield Corp. Reduce -33.3% 0.02% −0.01
TPL Texas Pacific Land Corp. Reduce -66.7% 0.00% −0.00
DB Deutsche Bank AG-Registered Reduce -11.4% 1.22% +0.02

Portfolio Buys Q3 2025 → Q4 2025
NVDA Nvidia Corp. Add +50.0% 4.99% +4.37
AMZN Amazon.com Inc. Add +10.1% 3.56% +0.02
CAI Caris Life Sciences Inc. New 0.00% 0.00
CRCL Circle Internet Group Inc. New 0.00% 0.00
NIQ Niq Global Intelligence PLC New 0.00% 0.00
RACE Ferrari NV Add +16.1% 0.23% −0.01

Options Activity Q3 2025 → Q4 2025
DB Deutsche Bank AG-Registered put Sold out 60,000 $0before exit

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