denkapparat Operations GmbH
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), denkapparat Operations GmbH reported 214 stock positions worth $94.5 million. Its top holding was Interdigital (IDCC) at 1.6% of the portfolio, followed by Qualcomm (QCOM, 1.5%) and Consolidated Edison (ED, 1.4%). Compared with Q4 2024, it opened 87 new positions, sold out of 37, added to 83 and reduced 32. The biggest buy was a new position in Newmont (NEM) and the biggest sale JPMorgan Chase (JPM, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- BERLIN, 2M
- CIK
- 0001999514
- Portfolio Value
- $94.5M (Q1 2025)
- SEC Filing
- 0001999514-25-000005 ↗ filed May 8, 2025
Holdings Value
Holdings 214 stocks · $94.5M
| IDCC Interdigital Inc. | 1.61% | 7,340 | $1.5M | No change |
| QCOM Qualcomm Inc. | 1.45% | 8,934 | $1.4M | Add +11.4% |
| ED Consolidated Edison Inc. | 1.39% | 11,914 | $1.3M | Add +24.4% |
| AAPL Apple Inc. | 1.37% | 5,844 | $1.3M | Add +14.5% |
| GILD Gilead Sciences Inc. | 1.27% | 10,742 | $1.2M | Reduce -13.1% |
| MRK Merck & Co. Inc. | 1.10% | 11,554 | $1.0M | Reduce -22.4% |
| MO Altria Group Inc. | 1.08% | 16,974 | $1.0M | Add +68.8% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.99% | 11,990 | $937K | Add +68.5% |
| CALM Cal-Maine Foods Inc. | 0.99% | 10,300 | $936K | Add +79.9% |
| NEM Newmont Corp. | 0.98% | 19,208 | $927K | New |
| BMY Bristol-Myers Squibb Co. | 0.95% | 14,748 | $899K | No change |
| CVX Chevron Corp. | 0.94% | 5,284 | $884K | Add +81.6% |
| EXEL Exelixis Inc. | 0.94% | 23,930 | $883K | Add +11.8% |
| EOG EOG Resources Inc. | 0.90% | 6,654 | $853K | Add +45.5% |
| LHX L3HARRIS Technologies Inc. | 0.86% | 3,894 | $815K | New |
| LRCX Lam Research Corp. | 0.86% | 11,156 | $811K | Add +15.8% |
| DOCU Docusign Inc. | 0.85% | 9,842 | $801K | No change |
| SU Suncor Energy Inc. | 0.84% | 20,500 | $794K | New |
| FOXA Fox Corp. Class A | 0.83% | 13,936 | $789K | Add +28.1% |
| ADBE Adobe Inc. | 0.81% | 1,988 | $762K | Add +120.9% |
| PFE Pfizer Inc. | 0.80% | 29,822 | $756K | Add +43.5% |
| JPM JPMorgan Chase & Co. | 0.80% | 3,066 | $752K | Reduce -45.2% |
| UHS Universal Health Services-B | 0.77% | 3,894 | $732K | Add +196.8% |
| GIS General Mills Inc. | 0.77% | 12,202 | $730K | New |
| ACI Albertsons Cos Inc. Class A | 0.77% | 32,988 | $725K | New |
| PNW Pinnacle West Capital | 0.77% | 7,604 | $724K | Add +22.8% |
| EIX Edison International | 0.76% | 12,132 | $715K | Add +114.3% |
| EXPD Expeditors Intl Wash Inc. | 0.75% | 5,910 | $711K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.73% | 6,968 | $688K | New |
| CMI Cummins Inc. | 0.72% | 2,178 | $683K | Add +20.5% |
| PHM Pultegroup Inc. | 0.72% | 6,606 | $679K | Add +77.7% |
| AIG American International Group | 0.71% | 7,766 | $675K | New |
| KMB Kimberly-Clark Corp. | 0.71% | 4,742 | $674K | Add +20.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.71% | 5,524 | $673K | No change |
| JLL Jones Lang Lasalle Inc. | 0.71% | 2,704 | $670K | Add +91.0% |
| EME Emcor Group Inc. | 0.71% | 1,806 | $668K | Add +79.5% |
| KLAC KLA Corp. | 0.69% | 960 | $653K | Add +75.8% |
| YELP Yelp Inc. | 0.69% | 17,527 | $649K | Add +72.1% |
| ALL Allstate Corp. | 0.68% | 3,106 | $643K | Add +24.4% |
| AMAT Applied Materials Inc. | 0.68% | 4,410 | $640K | No change |
| UNP Union Pacific Corp. | 0.66% | 2,650 | $626K | Add +8.4% |
| TRV The Travelers Cos Inc. | 0.66% | 2,348 | $621K | New |
| BYD Boyd Gaming Corp. | 0.65% | 9,350 | $616K | Add +151.2% |
| EXPE Expedia Group Inc. | 0.64% | 3,574 | $601K | Add +65.9% |
| AMGN Amgen Inc. | 0.63% | 1,924 | $599K | New |
| FE Firstenergy Corp. | 0.63% | 14,814 | $599K | New |
| OVV Ovintiv Inc. | 0.63% | 13,922 | $596K | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.63% | 1,226 | $594K | Add +23.6% |
| BKNG Booking Holdings Inc. | 0.62% | 128 | $590K | Reduce -13.5% |
| CNQ Canadian Natural Resources | 0.62% | 18,900 | $582K | New |
| CORT Corcept Therapeutics Inc. | 0.61% | 5,068 | $579K | Reduce -15.5% |
| ZTS Zoetis Inc. | 0.61% | 3,514 | $579K | Add +53.6% |
| MSFT Microsoft Corp. | 0.60% | 1,520 | $571K | Reduce -45.7% |
| ULTA Ulta Beauty Inc. | 0.59% | 1,528 | $560K | Add +170.0% |
| JNJ Johnson & Johnson | 0.59% | 3,342 | $554K | Reduce -46.9% |
| PYPL PayPal Holdings Inc. | 0.58% | 8,468 | $553K | Add +96.9% |
| GM General Motors Co. | 0.58% | 11,664 | $549K | Add +26.2% |
| UBER Uber Technologies Inc. | 0.57% | 7,400 | $539K | New |
| UTHR United Therapeutics Corp. | 0.57% | 1,734 | $535K | Add +55.1% |
| DVN Devon Energy Corp. | 0.56% | 14,244 | $533K | Add +103.2% |
| NVDA Nvidia Corp. | 0.56% | 4,874 | $528K | Reduce -13.0% |
| CNK Cinemark Holdings Inc. | 0.56% | 21,122 | $526K | Add +125.2% |
| BAH Booz Allen Hamilton Holdings | 0.55% | 5,012 | $524K | Add +69.2% |
| FDS Factset Research Systems Inc. | 0.55% | 1,148 | $522K | Add +108.0% |
| ITW Illinois Tool Works | 0.55% | 2,104 | $522K | Add +152.3% |
| EXC Exelon Corp. | 0.55% | 11,222 | $517K | New |
| BMRN Biomarin Pharmaceutical Inc. | 0.53% | 7,126 | $504K | New |
| KGC Kinross Gold Corp. | 0.53% | 39,360 | $496K | Reduce -4.6% |
| MA Mastercard Inc. Class A | 0.52% | 896 | $491K | Reduce -14.0% |
| META Meta Platforms Inc. Class A | 0.51% | 840 | $484K | New |
| CMCSA Comcast Corp. Class A | 0.51% | 13,076 | $483K | Reduce -30.8% |
| ENS Enersys | 0.51% | 5,262 | $482K | New |
| JBL Jabil Inc. | 0.51% | 3,538 | $481K | Add +119.2% |
| CNC Centene Corp. | 0.51% | 7,900 | $480K | Add +23.5% |
| GDDY GoDaddy Inc. Class A | 0.51% | 2,658 | $479K | Add +16.7% |
| MKL Markel Group Inc. | 0.50% | 254 | $475K | Add +8.6% |
| ALSN Allison Transmission Holding | 0.50% | 4,908 | $470K | Add +54.5% |
| INCY Incyte Corp. | 0.50% | 7,728 | $468K | Add +56.6% |
| EVRG Evergy Inc. | 0.49% | 6,744 | $465K | New |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.49% | 5,470 | $459K | Add +12.8% |
| UAL United Airlines Holdings Inc. | 0.48% | 6,574 | $454K | Add +67.8% |
| COR Cencora Inc. | 0.48% | 1,632 | $454K | New |
| AFL Aflac Inc. | 0.48% | 4,080 | $454K | New |
| NFLX Netflix Inc. | 0.48% | 482 | $449K | Reduce -42.3% |
| TMUS T-Mobile US Inc. | 0.48% | 1,684 | $449K | Reduce -28.4% |
| BIIB Biogen Inc. | 0.47% | 3,240 | $443K | Add +100.0% |
| MMM 3M Co. | 0.47% | 3,018 | $443K | Reduce -20.0% |
| D Dominion Energy Inc. | 0.46% | 7,752 | $435K | New |
| SCCO Southern Copper Corp. | 0.45% | 4,596 | $430K | Add +31.3% |
| HOLX Hologic Inc. | 0.45% | 6,806 | $420K | Add +15.2% |
| IDXX Idexx Laboratories Inc. | 0.44% | 998 | $419K | New |
| HES Hess Corp. | 0.44% | 2,588 | $413K | Add +40.2% |
| PNC PNC Financial Services Group | 0.43% | 2,300 | $404K | New |
| LNG Cheniere Energy Inc. | 0.43% | 1,738 | $402K | Add +13.0% |
| LDOS Leidos Holdings Inc. | 0.42% | 2,946 | $398K | Add +53.4% |
| GD General Dynamics Corp. | 0.42% | 1,454 | $396K | New |
| SPGI S&P Global Inc. | 0.42% | 774 | $393K | New |
| AN Autonation Inc. | 0.42% | 2,422 | $392K | New |
| MEDP Medpace Holdings Inc. | 0.41% | 1,262 | $385K | New |
| CL Colgate-Palmolive Co. | 0.41% | 4,098 | $384K | Add +11.7% |
Portfolio Sells Q4 2024 → Q1 2025
| JPM JPMorgan Chase & Co. | Reduce -45.2% | 0.80% | −1.19 |
| MSFT Microsoft Corp. | Reduce -45.7% | 0.60% | −1.14 |
| C Citigroup Inc. | Sold out | 0.00% | −1.10 |
| WFC Wells Fargo & Co. | Reduce -71.3% | 0.29% | −1.09 |
| MRK Merck & Co. Inc. | Reduce -22.4% | 1.10% | −1.09 |
| WMT Walmart Inc. | Sold out | 0.00% | −1.08 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.07 |
| JNJ Johnson & Johnson | Reduce -46.9% | 0.59% | −0.76 |
| LMT Lockheed Martin Corp. | Reduce -56.5% | 0.30% | −0.73 |
| KR Kroger Co. | Sold out | 0.00% | −0.69 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.66 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.63 |
| NFLX Netflix Inc. | Reduce -42.3% | 0.48% | −0.63 |
| V Visa Inc. Class A | Reduce -50.8% | 0.37% | −0.57 |
| NVDA Nvidia Corp. | Reduce -13.0% | 0.56% | −0.55 |
| CMCSA Comcast Corp. Class A | Reduce -30.8% | 0.51% | −0.54 |
| EA Electronic Arts Inc. | Reduce -42.7% | 0.36% | −0.53 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.51 |
| HUM Humana Inc. | Sold out | 0.00% | −0.48 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.46 |
| BKNG Booking Holdings Inc. | Reduce -13.5% | 0.62% | −0.46 |
| MS Morgan Stanley | Reduce -38.9% | 0.32% | −0.46 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.45 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.45 |
| LVS Las Vegas Sands Corp. | Sold out | 0.00% | −0.44 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.43 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.42 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.42 |
| GILD Gilead Sciences Inc. | Reduce -13.1% | 1.27% | −0.41 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.40 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.40 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.39 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.38 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.36 |
| NTAP Netapp Inc. | Sold out | 0.00% | −0.35 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.34 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.34 |
| ABBV Abbvie Inc. | Reduce -37.3% | 0.38% | −0.34 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.34 |
| OC Owens Corning | Sold out | 0.00% | −0.33 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.32 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.32 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.32 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.32 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.31 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −0.31 |
| PVH PVH Corp. | Sold out | 0.00% | −0.31 |
| CSX CSX Corp. | Sold out | 0.00% | −0.31 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.30 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.30 |
Portfolio Buys Q4 2024 → Q1 2025
| NEM Newmont Corp. | New | 0.98% | +0.98 |
| LHX L3HARRIS Technologies Inc. | New | 0.86% | +0.86 |
| SU Suncor Energy Inc. | New | 0.84% | +0.84 |
| GIS General Mills Inc. | New | 0.77% | +0.77 |
| ACI Albertsons Cos Inc. Class A | New | 0.77% | +0.77 |
| EXPD Expeditors Intl Wash Inc. | New | 0.75% | +0.75 |
| DIS The Walt Disney Co. | New | 0.73% | +0.73 |
| AIG American International Group | New | 0.71% | +0.71 |
| TRV The Travelers Cos Inc. | New | 0.66% | +0.66 |
| AMGN Amgen Inc. | New | 0.63% | +0.63 |
| FE Firstenergy Corp. | New | 0.63% | +0.63 |
| OVV Ovintiv Inc. | New | 0.63% | +0.63 |
| CNQ Canadian Natural Resources | New | 0.62% | +0.62 |
| UBER Uber Technologies Inc. | New | 0.57% | +0.57 |
| EXC Exelon Corp. | New | 0.55% | +0.55 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.53% | +0.53 |
| META Meta Platforms Inc. Class A | New | 0.51% | +0.51 |
| ENS Enersys | New | 0.51% | +0.51 |
| EVRG Evergy Inc. | New | 0.49% | +0.49 |
| COR Cencora Inc. | New | 0.48% | +0.48 |
| AFL Aflac Inc. | New | 0.48% | +0.48 |
| D Dominion Energy Inc. | New | 0.46% | +0.46 |
| IDXX Idexx Laboratories Inc. | New | 0.44% | +0.44 |
| PNC PNC Financial Services Group | New | 0.43% | +0.43 |
| UHS Universal Health Services-B | Add +196.8% | 0.77% | +0.43 |
| GD General Dynamics Corp. | New | 0.42% | +0.42 |
| SPGI S&P Global Inc. | New | 0.42% | +0.42 |
| AN Autonation Inc. | New | 0.42% | +0.42 |
| MEDP Medpace Holdings Inc. | New | 0.41% | +0.41 |
| PPC Pilgrim's Pride Corp. | New | 0.39% | +0.39 |
| CBRE CBRE Group Inc. Class A | New | 0.37% | +0.37 |
| HUBS HubSpot Inc. | New | 0.36% | +0.36 |
| RJF Raymond James Financial Inc. | New | 0.36% | +0.36 |
| FLEX Flex Ltd. | New | 0.34% | +0.34 |
| DTE DTE Energy Company | New | 0.34% | +0.34 |
| AYI Acuity Inc. | New | 0.33% | +0.33 |
| VST Vistra Corp. | New | 0.33% | +0.33 |
| LYV Live Nation Entertainment Inc. | New | 0.33% | +0.33 |
| GNRC Generac Holdings Inc. | New | 0.32% | +0.32 |
| IT Gartner Inc. | New | 0.32% | +0.32 |
| RGLD Royal Gold Inc. | New | 0.32% | +0.32 |
| CVX Chevron Corp. | Add +81.6% | 0.94% | +0.31 |
| MORN Morningstar Inc. | New | 0.31% | +0.31 |
| MO Altria Group Inc. | Add +68.8% | 1.08% | +0.30 |
| UNM Unum Group | New | 0.30% | +0.30 |
| EAT Brinker International Inc. | New | 0.30% | +0.30 |
| TAP Molson Coors Beverage Co. Class B | New | 0.30% | +0.30 |
| MLI Mueller Industries Inc. | New | 0.29% | +0.29 |
| ANSS Ansys Inc. | New | 0.29% | +0.29 |
| MET Metlife Inc. | New | 0.29% | +0.29 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 383 | $305.9M | ASML, AMAT, LRCX, ALL, NVDA |
| Q1 2026 | 333 | $241.6M | ASML, ERIC, LOGI, SU, CB |
| Q4 2025 | 294 | $183.9M | IDCC, NEM, LRCX, BMY, ADBE |
| Q3 2025 | 274 | $156.7M | TD, IDCC, NEM, QCOM, LRCX |
| Q2 2025 | 242 | $125.3M | TD, IDCC, QCOM, NEM, AAPL |
| Q1 2025 | 214 | $94.5M | IDCC, QCOM, ED, AAPL, GILD |
| Q4 2024 | 164 | $67.7M | MRK, IDCC, JPM, AAPL, QCOM |