denkapparat Operations GmbH
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), denkapparat Operations GmbH reported 333 stock positions worth $241.6 million. Its top holding was ASML Holding NV-NY Reg SHS (ASML) at 1.1% of the portfolio, followed by Ericsson (lm) Tel-SP ADR (ERIC, 1.0%) and Logitech International-Reg (LOGI, 1.0%). Compared with Q4 2025, it opened 70 new positions, sold out of 31, added to 88 and reduced 29. The biggest buy was a new position in Ericsson (lm) Tel-SP ADR (ERIC) and the biggest sale Microsoft (MSFT, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- BERLIN, 2M
- CIK
- 0001999514
- Portfolio Value
- $241.6M (Q1 2026)
- SEC Filing
- 0001999514-26-000002 ↗ filed May 11, 2026
Holdings Value
Holdings 333 stocks · $241.6M
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.10% | 2,012 | $2.7M | Add +650.8% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 1.04% | 222,462 | $2.5M | New |
| LOGI Logitech International-Reg | 1.01% | 26,760 | $2.4M | New |
| SU Suncor Energy Inc. | 0.95% | 34,600 | $2.3M | Add +10.9% |
| CB Chubb Ltd. | 0.93% | 6,916 | $2.3M | New |
| ALL Allstate Corp. | 0.91% | 10,556 | $2.2M | Add +60.1% |
| CF CF Industries Holdings Inc. | 0.90% | 16,826 | $2.2M | Add +11.5% |
| NVDA Nvidia Corp. | 0.88% | 12,134 | $2.1M | Add +50.7% |
| ALV Autoliv Inc. | 0.86% | 19,784 | $2.1M | New |
| CMCSA Comcast Corp. Class A | 0.86% | 71,972 | $2.1M | Add +21.9% |
| GILD Gilead Sciences Inc. | 0.81% | 14,028 | $2.0M | Add +19.0% |
| GSK GSK PLC-Spon ADR | 0.81% | 35,370 | $2.0M | Add +609.1% |
| ADBE Adobe Inc. | 0.80% | 7,964 | $1.9M | Add +52.0% |
| IDCC Interdigital Inc. | 0.79% | 6,332 | $1.9M | Reduce -13.7% |
| BMY Bristol-Myers Squibb Co. | 0.77% | 30,782 | $1.9M | Reduce -21.3% |
| NEM Newmont Corp. | 0.75% | 16,764 | $1.8M | Reduce -25.6% |
| EIX Edison International | 0.75% | 24,632 | $1.8M | Add +37.8% |
| KGC Kinross Gold Corp. | 0.74% | 58,560 | $1.8M | No change |
| SHEL Shell PLC-ADR | 0.73% | 19,038 | $1.8M | New |
| LRCX Lam Research Corp. | 0.73% | 8,214 | $1.8M | Reduce -33.5% |
| BYD Boyd Gaming Corp. | 0.71% | 20,946 | $1.7M | Add +15.1% |
| FIX Comfort Systems USA Inc. | 0.71% | 1,246 | $1.7M | No change |
| EOG EOG Resources Inc. | 0.70% | 11,746 | $1.7M | Add +18.0% |
| SNY Sanofi-ADR | 0.69% | 34,572 | $1.7M | New |
| AAPL Apple Inc. | 0.67% | 6,376 | $1.6M | Add +19.0% |
| AMGN Amgen Inc. | 0.67% | 4,574 | $1.6M | Add +20.2% |
| CNK Cinemark Holdings Inc. | 0.66% | 55,642 | $1.6M | Add +17.8% |
| APA Apa Corp. | 0.66% | 37,362 | $1.6M | No change |
| AVGO Broadcom Inc. | 0.65% | 5,106 | $1.6M | Add +278.2% |
| QCOM Qualcomm Inc. | 0.64% | 11,948 | $1.5M | Add +16.8% |
| KR Kroger Co. | 0.64% | 21,208 | $1.5M | Add +44.6% |
| INCY Incyte Corp. | 0.63% | 16,236 | $1.5M | Add +24.2% |
| GD General Dynamics Corp. | 0.61% | 4,296 | $1.5M | Add +11.6% |
| ROST Ross Stores Inc. | 0.61% | 6,782 | $1.5M | Add +96.2% |
| DVN Devon Energy Corp. | 0.61% | 29,156 | $1.5M | Add +52.8% |
| JLL Jones Lang Lasalle Inc. | 0.60% | 4,762 | $1.4M | Add +14.2% |
| NOC Northrop Grumman Corp. | 0.59% | 2,092 | $1.4M | Add +35.7% |
| EME Emcor Group Inc. | 0.58% | 1,904 | $1.4M | No change |
| FOXA Fox Corp. Class A | 0.56% | 22,976 | $1.3M | Add +14.3% |
| AMAT Applied Materials Inc. | 0.55% | 3,910 | $1.3M | Reduce -24.0% |
| PEG Public Service Enterprise GP | 0.55% | 16,368 | $1.3M | Add +24.7% |
| JNJ Johnson & Johnson | 0.54% | 5,380 | $1.3M | Add +93.9% |
| FE Firstenergy Corp. | 0.54% | 25,748 | $1.3M | Add +28.8% |
| SAM Boston Beer Company Inc. Class A | 0.54% | 5,616 | $1.3M | Add +16.8% |
| KLAC KLA Corp. | 0.53% | 862 | $1.3M | Reduce -14.1% |
| ACI Albertsons Cos Inc. Class A | 0.52% | 73,748 | $1.3M | Add +31.4% |
| PTC PTC Inc. | 0.52% | 8,746 | $1.2M | Add +67.5% |
| SUNB Sunbelt Rentals Holdings Inc. | 0.52% | 19,834 | $1.2M | New |
| MLI Mueller Industries Inc. | 0.51% | 11,230 | $1.2M | No change |
| LMT Lockheed Martin Corp. | 0.51% | 2,050 | $1.2M | Reduce -3.9% |
| NFG National Fuel Gas Co. | 0.51% | 13,082 | $1.2M | No change |
| FDX FedEx Corp. | 0.51% | 3,440 | $1.2M | No change |
| NFLX Netflix Inc. | 0.50% | 12,636 | $1.2M | Add +282.9% |
| R Ryder System Inc. | 0.50% | 5,846 | $1.2M | Add +15.3% |
| EXPE Expedia Group Inc. | 0.49% | 5,154 | $1.2M | Add +23.5% |
| FFIV F5 Inc. | 0.49% | 4,084 | $1.2M | Add +66.4% |
| UHS Universal Health Services-B | 0.48% | 6,522 | $1.2M | Add +51.9% |
| BIIB Biogen Inc. | 0.48% | 6,338 | $1.2M | No change |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.48% | 5,594 | $1.2M | No change |
| SAP Sap SE-Sponsored ADR | 0.48% | 6,746 | $1.2M | New |
| JBL Jabil Inc. | 0.48% | 4,324 | $1.1M | No change |
| OVV Ovintiv Inc. | 0.47% | 19,236 | $1.1M | No change |
| PYPL PayPal Holdings Inc. | 0.47% | 25,020 | $1.1M | Add +30.9% |
| HCA HCA Healthcare Inc. | 0.46% | 2,366 | $1.1M | Reduce -12.2% |
| TIGO Millicom Intl Cellular S.A. | 0.46% | 14,864 | $1.1M | Add +224.7% |
| PNC PNC Financial Services Group | 0.46% | 5,288 | $1.1M | Add +127.9% |
| UTHR United Therapeutics Corp. | 0.45% | 1,838 | $1.1M | No change |
| BKNG Booking Holdings Inc. | 0.45% | 258 | $1.1M | Add +26.5% |
| TXT Textron Inc. | 0.45% | 12,380 | $1.1M | Add +100.6% |
| TTE Totalenergies SE | 0.45% | 11,588 | $1.1M | New |
| STZ Constellation Brands Inc. Class A | 0.45% | 7,196 | $1.1M | Add +48.1% |
| HIG Hartford Insurance Group Inc. | 0.44% | 7,846 | $1.1M | Add +141.7% |
| EA Electronic Arts Inc. | 0.44% | 5,190 | $1.1M | Add +137.9% |
| ENS Enersys | 0.44% | 6,086 | $1.1M | No change |
| AEM Agnico Eagle Mines Ltd. | 0.44% | 5,186 | $1.1M | No change |
| CCK Crown Holdings Inc. | 0.43% | 10,380 | $1.0M | No change |
| EXEL Exelixis Inc. | 0.42% | 23,930 | $1.0M | No change |
| ZM Zoom Communications Inc. | 0.42% | 12,638 | $1.0M | No change |
| HAL Halliburton Co. | 0.41% | 25,240 | $984K | New |
| CALM Cal-Maine Foods Inc. | 0.40% | 12,242 | $969K | No change |
| MRK Merck & Co. Inc. | 0.40% | 8,044 | $968K | Reduce -49.4% |
| DTE DTE Energy Company | 0.40% | 6,594 | $964K | Add +50.1% |
| OZK Bank Ozk | 0.39% | 20,776 | $953K | Add +37.0% |
| FHN First Horizon Corp. | 0.39% | 41,772 | $951K | Add +21.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 5,934 | $948K | No change |
| HOLX Hologic Inc. | 0.39% | 12,494 | $944K | New |
| CL Colgate-Palmolive Co. | 0.39% | 11,060 | $943K | Add +65.5% |
| NVR NVR Inc. | 0.39% | 142 | $936K | Add +121.9% |
| CI The Cigna Group | 0.38% | 3,478 | $928K | Add +36.6% |
| FTNT Fortinet Inc. | 0.38% | 11,272 | $921K | Add +83.8% |
| REGN Regeneron Pharmaceuticals | 0.38% | 1,192 | $921K | No change |
| EXPD Expeditors Intl Wash Inc. | 0.38% | 6,410 | $918K | No change |
| MPC Marathon Petroleum Corp. | 0.38% | 3,744 | $914K | No change |
| LNG Cheniere Energy Inc. | 0.37% | 3,190 | $905K | Add +85.7% |
| DPZ Domino's Pizza Inc. | 0.37% | 2,506 | $899K | Add +135.1% |
| ROK Rockwell Automation Inc. | 0.37% | 2,498 | $896K | Add +89.5% |
| ULTA Ulta Beauty Inc. | 0.37% | 1,710 | $894K | No change |
| GWW WW Grainger Inc. | 0.37% | 818 | $892K | Add +122.3% |
| CRUS Cirrus Logic Inc. | 0.36% | 6,098 | $882K | Add +25.3% |
| PEP Pepsico Inc. | 0.36% | 5,666 | $880K | New |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -43.5% | 0.25% | −0.52 |
| MRK Merck & Co. Inc. | Reduce -49.4% | 0.40% | −0.51 |
| IDCC Interdigital Inc. | Reduce -13.7% | 0.79% | −0.48 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.48 |
| NEM Newmont Corp. | Reduce -25.6% | 0.75% | −0.47 |
| GM General Motors Co. | Sold out | 0.00% | −0.46 |
| LRCX Lam Research Corp. | Reduce -33.5% | 0.73% | −0.42 |
| BMY Bristol-Myers Squibb Co. | Reduce -21.3% | 0.77% | −0.37 |
| AIG American International Group | Reduce -45.7% | 0.20% | −0.34 |
| C Citigroup Inc. | Sold out | 0.00% | −0.33 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.32 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.29 |
| MO Altria Group Inc. | Reduce -41.0% | 0.30% | −0.28 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.28 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −0.28 |
| MMM 3M Co. | Sold out | 0.00% | −0.26 |
| WTRG Essential Utilities Inc. | Sold out | 0.00% | −0.26 |
| RF Regions Financial Corp. | Reduce -26.4% | 0.29% | −0.25 |
| ELV Elevance Health Inc. | Reduce -25.1% | 0.21% | −0.23 |
| ABNB Airbnb Inc. Class A | Reduce -35.0% | 0.20% | −0.23 |
| HCA HCA Healthcare Inc. | Reduce -12.2% | 0.46% | −0.22 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.22 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.20 |
| SO The Southern Co. | Sold out | 0.00% | −0.20 |
| CSX CSX Corp. | Sold out | 0.00% | −0.20 |
| CCL Carnival Corp. | Reduce -38.7% | 0.13% | −0.20 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.20 |
| TXRH Texas Roadhouse Inc. | Sold out | 0.00% | −0.18 |
| AMP Ameriprise Financial Inc. | Reduce -26.4% | 0.19% | −0.18 |
| RTX RTX Corp. | Reduce -41.1% | 0.15% | −0.17 |
| EVRG Evergy Inc. | Sold out | 0.00% | −0.17 |
| CMI Cummins Inc. | Reduce -33.5% | 0.19% | −0.17 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -13.6% | 0.28% | −0.17 |
| AMAT Applied Materials Inc. | Reduce -24.0% | 0.55% | −0.17 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.17 |
| BNY Bank of New York Mellon Corp. | Reduce -13.2% | 0.32% | −0.16 |
| PTCT PTC Therapeutics Inc. | Reduce -44.8% | 0.09% | −0.15 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.14 |
| KLAC KLA Corp. | Reduce -14.1% | 0.53% | −0.14 |
| TVTX Travere Therapeutics Inc. | Sold out | 0.00% | −0.14 |
| CBSH Commerce Bancshares Inc. | Sold out | 0.00% | −0.13 |
| UNP Union Pacific Corp. | Reduce -28.9% | 0.17% | −0.13 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.13 |
| CNQ Canadian Natural Resources | Reduce -47.9% | 0.18% | −0.13 |
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −0.13 |
| LHX L3HARRIS Technologies Inc. | Reduce -27.6% | 0.24% | −0.13 |
| HNI Hni Corp. | Sold out | 0.00% | −0.13 |
| IT Gartner Inc. | Sold out | 0.00% | −0.13 |
| NJR New Jersey Resources Corp. | Reduce -45.4% | 0.12% | −0.12 |
| HLI Houlihan Lokey Inc. | Sold out | 0.00% | −0.12 |
Portfolio Buys Q4 2025 → Q1 2026
| ERIC Ericsson (lm) Tel-SP ADR | New | 1.04% | +1.04 |
| LOGI Logitech International-Reg | New | 1.01% | +1.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +650.8% | 1.10% | +0.94 |
| CB Chubb Ltd. | New | 0.93% | +0.93 |
| ALV Autoliv Inc. | New | 0.86% | +0.86 |
| SHEL Shell PLC-ADR | New | 0.73% | +0.73 |
| SNY Sanofi-ADR | New | 0.69% | +0.69 |
| GSK GSK PLC-Spon ADR | Add +609.1% | 0.81% | +0.67 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.52% | +0.52 |
| SAP Sap SE-Sponsored ADR | New | 0.48% | +0.48 |
| TTE Totalenergies SE | New | 0.45% | +0.45 |
| HAL Halliburton Co. | New | 0.41% | +0.41 |
| AVGO Broadcom Inc. | Add +278.2% | 0.65% | +0.40 |
| HOLX Hologic Inc. | New | 0.39% | +0.39 |
| PEP Pepsico Inc. | New | 0.36% | +0.36 |
| TRV The Travelers Cos Inc. | New | 0.36% | +0.36 |
| UPS United Parcel Service Class B | New | 0.35% | +0.35 |
| MRVL Marvell Technology Inc. | New | 0.35% | +0.35 |
| NFLX Netflix Inc. | Add +282.9% | 0.50% | +0.33 |
| NOK Nokia Corp.-Spon ADR | New | 0.33% | +0.33 |
| DINO HF Sinclair Corp. | New | 0.32% | +0.32 |
| TIGO Millicom Intl Cellular S.A. | Add +224.7% | 0.46% | +0.32 |
| PARR Par Pacific Holdings Inc. | New | 0.28% | +0.28 |
| CF CF Industries Holdings Inc. | Add +11.5% | 0.90% | +0.27 |
| ROST Ross Stores Inc. | Add +96.2% | 0.61% | +0.27 |
| WTW Willis Towers Watson PLC | New | 0.27% | +0.27 |
| CRTO Criteo SA-Spon | New | 0.24% | +0.24 |
| NXPI NXP Semiconductors NV | New | 0.24% | +0.24 |
| VRSN Verisign Inc. | New | 0.24% | +0.24 |
| WWD Woodward Inc. | New | 0.23% | +0.23 |
| SWKS Skyworks Solutions Inc. | New | 0.23% | +0.23 |
| JNJ Johnson & Johnson | Add +93.9% | 0.54% | +0.23 |
| T AT&T Inc. | New | 0.23% | +0.23 |
| B Barrick Mining Corp. | New | 0.23% | +0.23 |
| DVN Devon Energy Corp. | Add +52.8% | 0.61% | +0.23 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.22% | +0.22 |
| GGG Graco Inc. | New | 0.22% | +0.22 |
| CNI Canadian Natl Railway Co. | New | 0.22% | +0.22 |
| AGCO Agco Corp. | New | 0.21% | +0.21 |
| AZN Astrazeneca PLC | New | 0.20% | +0.20 |
| HIG Hartford Insurance Group Inc. | Add +141.7% | 0.44% | +0.20 |
| EA Electronic Arts Inc. | Add +137.9% | 0.44% | +0.20 |
| SU Suncor Energy Inc. | Add +10.9% | 0.95% | +0.19 |
| LNG Cheniere Energy Inc. | Add +85.7% | 0.37% | +0.19 |
| PNC PNC Financial Services Group | Add +127.9% | 0.46% | +0.19 |
| V Visa Inc. Class A | New | 0.19% | +0.19 |
| DB Deutsche Bank AG-Registered | New | 0.18% | +0.18 |
| BNTX Biontech SE-ADR | New | 0.17% | +0.17 |
| EHC Encompass Health Corp. | New | 0.17% | +0.17 |
| MUSA Murphy USA Inc. | New | 0.17% | +0.17 |
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 |