DJE Kapital AG

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), DJE Kapital AG reported 111 stock positions worth $3.4 billion. Its top holding was Visa Class A (V) at 5.2% of the portfolio, followed by Amazon.com (AMZN, 5.1%) and Nvidia (NVDA, 4.4%). Compared with Q4 2024, it opened 12 new positions, sold out of 30, added to 31 and reduced 50. The biggest buy was Chevron (CVX, shares +48%) and the biggest sale Alphabet Class C (GOOG, shares −76%).

Most Recent 13F
Q2 2026
Location
82049 PULLACH, 2M
CIK
0001659196
Portfolio Value
$3.4B (Q1 2025)
SEC Filing
0001659196-25-000003 ↗ filed May 9, 2025

Holdings Value

0$2.0B$4.0B$6.0B Q4 2024: $4.3B Q4 2024 Q1 2025: $3.4B $3.4B Q1 2025 Q2 2025: $4.1B Q2 2025 Q3 2025: $4.1B Q3 2025 Q4 2025: $3.6B Q4 2025 Q1 2026: $4.5B Q1 2026 Q2 2026: $5.3B Q2 2026

Holdings 111 stocks · $3.4B
V Visa Inc. Class A 5.24% 525,536 $177.2M Reduce -11.5%
AMZN Amazon.com Inc. 5.08% 924,098 $171.8M Reduce -13.4%
NVDA Nvidia Corp. 4.40% 1,422,625 $148.7M Add +15.7%
META Meta Platforms Inc. Class A 4.20% 254,033 $141.9M Reduce -29.5%
CVX Chevron Corp. 3.98% 807,199 $134.6M Add +48.2%
JPM JPMorgan Chase & Co. 3.96% 560,055 $134.0M Reduce -25.6%
LIN Linde PLC 3.52% 258,608 $118.8M Reduce -11.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.51% 997,117 $118.6M Reduce -13.5%
BLK BlackRock Inc. 3.37% 122,887 $113.9M Reduce -24.0%
VZ Verizon Communications Inc. 3.28% 2,435,678 $110.9M Add +9.2%
MSFT Microsoft Corp. 3.28% 299,780 $110.9M Reduce -34.2%
LLY Eli Lilly & Co. 2.77% 117,293 $93.5M Reduce -28.6%
PANW Palo Alto Networks Inc. 2.63% 531,217 $89.0M Add +1.4%
GFI Gold Fields Ltd.-Spons ADR 2.42% 3,768,951 $81.8M Add +47.0%
BABA Alibaba Group Holding-SP ADR 2.39% 620,210 $80.7M Add +115.2%
MA Mastercard Inc. Class A 2.25% 142,143 $75.9M Add +14.2%
BRK.B Berkshire Hathaway Inc. Class B 2.11% 136,046 $71.3M Add +37.4%
TSM Taiwan Semiconductor-SP ADR 2.01% 418,718 $67.9M Reduce -5.5%
NFLX Netflix Inc. 1.57% 58,836 $53.2M Reduce -28.9%
HDB HDFC Bank Ltd.-ADR 1.54% 789,218 $52.1M Reduce -6.8%
NEM Newmont Corp. 1.49% 1,067,136 $50.5M Add +43.7%
AEM Agnico Eagle Mines Ltd. 1.47% 472,188 $49.7M Add +224.9%
MS Morgan Stanley 1.44% 430,301 $48.7M Add +173.1%
WAB Wabtec Corp. 1.42% 270,946 $48.1M Reduce -48.9%
EBAY eBay Inc. 1.29% 654,640 $43.5M Add +49.3%
CL Colgate-Palmolive Co. 1.28% 461,968 $43.3M Reduce -58.7%
NKE Nike Inc. Class B 1.28% 683,407 $43.3M Reduce -25.6%
MRK Merck & Co. Inc. 1.21% 458,416 $40.8M Reduce -3.0%
GOOG Alphabet Inc. Class C 1.18% 258,812 $39.9M Reduce -76.4%
DE Deere & Co. 1.16% 85,758 $39.4M Add +784.1%
TRV The Travelers Cos Inc. 1.15% 147,833 $39.0M Reduce -23.2%
T AT&T Inc. 1.14% 1,364,760 $38.6M Add +380.6%
UBER Uber Technologies Inc. 1.08% 517,510 $36.5M Reduce -38.2%
CRM Salesforce Inc. 1.04% 134,015 $35.0M Reduce -64.7%
LNG Cheniere Energy Inc. 1.01% 151,563 $34.1M Add +75.8%
AAPL Apple Inc. 0.95% 147,467 $32.2M Reduce -72.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.95% 131,285 $32.0M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.90% 313,851 $30.4M Reduce -43.9%
ORCL Oracle Corp. 0.77% 188,125 $25.9M Reduce -54.4%
LRCX Lam Research Corp. 0.76% 361,385 $25.7M Add +85.1%
BX Blackstone Inc. 0.68% 171,584 $22.9M Add +3.4%
WMT Walmart Inc. 0.65% 257,464 $22.1M Reduce -68.2%
AVGO Broadcom Inc. 0.65% 136,260 $22.0M Reduce -65.0%
FOXA Fox Corp. Class A 0.65% 401,971 $22.0M New
KKR KKR & Co. Inc. 0.58% 174,577 $19.5M Add +169.3%
FAST Fastenal Co. 0.47% 209,447 $15.9M Reduce -22.2%
LUXE Luxexperience BV filed as MYT NETHERLANDS PARENT B V 0.47% 2,155,877 $15.7M Reduce -2.7%
NOW ServiceNow Inc. 0.45% 19,725 $15.1M Reduce -43.6%
TMUS T-Mobile US Inc. 0.41% 51,400 $13.7M New
UBS UBS Group AG-Reg 0.40% 453,017 $13.6M Add +92.6%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.39% 204,451 $13.2M Reduce -8.3%
GOOGL Alphabet Inc. Class A 0.39% 86,371 $13.1M Reduce -47.9%
TTWO Take-Two Interactive Softwre 0.39% 64,605 $13.0M Reduce -4.7%
DELL Dell Technologies -C 0.36% 137,820 $12.3M Add +124.4%
MCD McDonald's Corp. 0.35% 37,902 $11.7M Reduce -3.6%
SNPS Synopsys Inc. 0.31% 24,850 $10.5M Reduce -10.8%
ADBE Adobe Inc. 0.28% 24,820 $9.4M Add +17.4%
COIN Coinbase Global Inc. Class A 0.26% 53,758 $8.8M Add +55.1%
CRH CRH PLC 0.25% 100,829 $8.6M Add +103.3%
RACE Ferrari NV 0.24% 19,314 $8.2M No change
AMAT Applied Materials Inc. 0.23% 54,315 $7.7M Reduce -39.2%
AGI Alamos Gold Inc. Class A 0.22% 288,370 $7.4M Add +12.3%
GILD Gilead Sciences Inc. 0.21% 63,546 $7.0M New
PWR Quanta Services Inc. 0.20% 27,718 $6.8M Add +35.1%
LINDE PLC 0.19% 13,863 $6.5M New
EXK Endeavour Silver Corp. 0.18% 1,463,955 $6.0M New
PG The Procter & Gamble Co. 0.17% 34,135 $5.8M Add +1.3%
WPM Wheaton Precious Metals Corp. 0.17% 75,000 $5.7M No change
GIS General Mills Inc. 0.16% 90,615 $5.5M Reduce -62.9%
PYPL PayPal Holdings Inc. 0.16% 84,752 $5.4M Reduce -56.5%
PEP Pepsico Inc. 0.16% 34,885 $5.3M Add +25.0%
NEE Nextera Energy Inc. 0.15% 72,863 $5.2M Reduce -77.7%
MRVL Marvell Technology Inc. 0.14% 78,438 $4.8M Add +24.4%
KGC Kinross Gold Corp. 0.14% 390,603 $4.8M Reduce -4.5%
MKC McCormick & Co.-Non VTG SHRS 0.14% 56,100 $4.6M No change
MDLZ Mondelez International Inc. Class A 0.13% 65,600 $4.4M Reduce -16.2%
XOM Exxon Mobil Corp. 0.13% 37,343 $4.4M Reduce -71.0%
TSLA Tesla Inc. 0.12% 17,100 $4.2M Add +152.8%
YUM Yum! Brands Inc. 0.11% 24,700 $3.8M No change
HD Home Depot Inc. 0.11% 10,580 $3.8M Add +49.3%
PAAS Pan American Silver Corp. 0.10% 141,402 $3.5M Reduce -6.0%
KO The Coca-Cola Co. 0.10% 47,200 $3.4M No change
BMY Bristol-Myers Squibb Co. 0.10% 55,730 $3.4M New
BRBR Bellring Brands Inc. 0.10% 45,600 $3.4M No change
JNJ Johnson & Johnson 0.10% 19,364 $3.2M No change
RGLD Royal Gold Inc. 0.09% 18,020 $2.9M Reduce -7.6%
DHR Danaher Corp. 0.08% 13,415 $2.8M Reduce -0.6%
FCX Freeport-McMoran Inc. 0.08% 71,616 $2.6M Reduce -23.4%
AU Anglogold Ashanti PLC 0.07% 65,500 $2.4M No change
FNV Franco-Nevada Corp. 0.07% 14,800 $2.3M No change
DASH DoorDash Inc. Class A 0.07% 12,900 $2.3M Reduce -21.3%
MNST Monster Beverage Corp. 0.07% 38,400 $2.2M Reduce -33.0%
TME Tencent Music Entertainm-ADR 0.06% 145,400 $2.1M No change
OR Osisko Gold Royalties Ltd. 0.06% 93,900 $1.9M No change
PINS Pinterest Inc. Class A 0.06% 63,000 $1.9M No change
ZTS Zoetis Inc. 0.05% 10,794 $1.8M Reduce -91.9%
IAG Iamgold Corp. 0.05% 280,700 $1.7M No change
IBN Icici Bank Ltd.-Spon ADR 0.04% 44,970 $1.4M No change
FSLR First Solar Inc. 0.04% 10,832 $1.4M Reduce -72.4%
JD Jd.com Inc.-ADR 0.04% 30,900 $1.3M New
CCJ Cameco Corp. 0.04% 30,340 $1.2M Reduce -30.3%
MAT Mattel Inc. 0.03% 61,200 $1.2M No change
BTG B2GOLD Corp. 0.03% 373,240 $1.0M Reduce -55.6%
ANET Arista Networks Inc. 0.03% 13,155 $991K New
ETSY Etsy Inc. 0.03% 19,000 $883K No change
INFY Infosys Ltd.-SP ADR 0.03% 49,000 $876K Add +57.0%
YUMC Yum China Holdings Inc. 0.02% 14,200 $726K No change
NWSA News Corp. Class A 0.01% 16,355 $434K New
RF Regions Financial Corp. 0.01% 19,215 $408K New
NGD New Gold Inc. 0.01% 78,100 $275K New
DB Deutsche Bank AG-Registered 0.01% 11,477 $266K No change

Portfolio Sells Q4 2024 → Q1 2025
GOOG Alphabet Inc. Class C Reduce -76.4% 1.18% −3.72
AAPL Apple Inc. Reduce -72.8% 0.95% −2.23
CRM Salesforce Inc. Reduce -64.7% 1.04% −1.93
AVGO Broadcom Inc. Reduce -65.0% 0.65% −1.47
MSFT Microsoft Corp. Reduce -34.2% 3.28% −1.23
CL Colgate-Palmolive Co. Reduce -58.7% 1.28% −1.10
WMT Walmart Inc. Reduce -68.2% 0.65% −1.07
INTU Intuit Inc. Sold out 0.00% −1.02
WAB Wabtec Corp. Reduce -48.9% 1.42% −0.92
ORCL Oracle Corp. Reduce -54.4% 0.77% −0.83
UNH Unitedhealth Group Inc. Sold out 0.00% −0.79
META Meta Platforms Inc. Class A Reduce -29.5% 4.20% −0.75
DIS The Walt Disney Co. Reduce -43.9% 0.90% −0.55
BLK BlackRock Inc. Reduce -24.0% 3.37% −0.54
ZTS Zoetis Inc. Reduce -91.9% 0.05% −0.46
NOW ServiceNow Inc. Reduce -43.6% 0.45% −0.43
AMZN Amazon.com Inc. Reduce -13.4% 5.08% −0.40
NEE Nextera Energy Inc. Reduce -77.7% 0.15% −0.39
GOOGL Alphabet Inc. Class A Reduce -47.9% 0.39% −0.35
NKE Nike Inc. Class B Reduce -25.6% 1.28% −0.34
JPM JPMorgan Chase & Co. Reduce -25.6% 3.96% −0.25
PYPL PayPal Holdings Inc. Reduce -56.5% 0.16% −0.23
LLY Eli Lilly & Co. Reduce -28.6% 2.77% −0.21
GIS General Mills Inc. Reduce -62.9% 0.16% −0.20
XOM Exxon Mobil Corp. Reduce -71.0% 0.13% −0.19
GWW WW Grainger Inc. Sold out 0.00% −0.19
MELI MercadoLibre Inc. Sold out 0.00% −0.17
NFLX Netflix Inc. Reduce -28.9% 1.57% −0.16
COST Costco Wholesale Corp. Sold out 0.00% −0.14
AXP American Express Co. Sold out 0.00% −0.14
FSLR First Solar Inc. Reduce -72.4% 0.04% −0.12
AMAT Applied Materials Inc. Reduce -39.2% 0.23% −0.11
ACN Accenture PLC Class A Sold out 0.00% −0.11
UBER Uber Technologies Inc. Reduce -38.2% 1.08% −0.11
MSCI MSCI Inc. Sold out 0.00% −0.10
BKNG Booking Holdings Inc. Sold out 0.00% −0.08
CB Chubb Ltd. Sold out 0.00% −0.08
SPOT Spotify Technology SA Sold out 0.00% −0.08
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.06
TSM Taiwan Semiconductor-SP ADR Reduce -5.5% 2.01% −0.05
GGAL Grupo Financiero Galicia-ADR Sold out 0.00% −0.04
HSY The Hershey Co. Sold out 0.00% −0.02
CAVA Cava Group Inc. Sold out 0.00% −0.02
ECL Ecolab Inc. Sold out 0.00% −0.02
MLM Martin Marietta Materials Sold out 0.00% −0.02
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.02
PLAY Dave & Buster's Entertainmen Sold out 0.00% −0.02
BTG B2GOLD Corp. Reduce -55.6% 0.03% −0.02
CCJ Cameco Corp. Reduce -30.3% 0.04% −0.02
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.01

Portfolio Buys Q4 2024 → Q1 2025
CVX Chevron Corp. Add +48.2% 3.98% +2.15
BABA Alibaba Group Holding-SP ADR Add +115.2% 2.39% +1.82
GFI Gold Fields Ltd.-Spons ADR Add +47.0% 2.42% +1.63
VZ Verizon Communications Inc. Add +9.2% 3.28% +1.22
AEM Agnico Eagle Mines Ltd. Add +224.9% 1.47% +1.21
DE Deere & Co. Add +784.1% 1.16% +1.07
BRK.B Berkshire Hathaway Inc. Class B Add +37.4% 2.11% +1.06
T AT&T Inc. Add +380.6% 1.14% +0.99
MS Morgan Stanley Add +173.1% 1.44% +0.98
IBM Intl Business Machines Corp. New 0.95% +0.95
NEM Newmont Corp. Add +43.7% 1.49% +0.85
MA Mastercard Inc. Class A Add +14.2% 2.25% +0.72
EBAY eBay Inc. Add +49.3% 1.29% +0.66
FOXA Fox Corp. Class A New 0.65% +0.65
LNG Cheniere Energy Inc. Add +75.8% 1.01% +0.58
NVDA Nvidia Corp. Add +15.7% 4.40% +0.49
LRCX Lam Research Corp. Add +85.1% 0.76% +0.43
TMUS T-Mobile US Inc. New 0.41% +0.41
PANW Palo Alto Networks Inc. Add +1.4% 2.63% +0.38
KKR KKR & Co. Inc. Add +169.3% 0.58% +0.35
UBS UBS Group AG-Reg Add +92.6% 0.40% +0.24
GILD Gilead Sciences Inc. New 0.21% +0.21
DELL Dell Technologies -C Add +124.4% 0.36% +0.20
LINDE PLC New 0.19% +0.19
EXK Endeavour Silver Corp. New 0.18% +0.18
CRH CRH PLC Add +103.3% 0.25% +0.15
AGI Alamos Gold Inc. Class A Add +12.3% 0.22% +0.11
BMY Bristol-Myers Squibb Co. New 0.10% +0.10
ADBE Adobe Inc. Add +17.4% 0.28% +0.06
TSLA Tesla Inc. Add +152.8% 0.12% +0.06
PEP Pepsico Inc. Add +25.0% 0.16% +0.06
COIN Coinbase Global Inc. Class A Add +55.1% 0.26% +0.06
PWR Quanta Services Inc. Add +35.1% 0.20% +0.05
HD Home Depot Inc. Add +49.3% 0.11% +0.05
PG The Procter & Gamble Co. Add +1.3% 0.17% +0.04
JD Jd.com Inc.-ADR New 0.04% +0.04
ANET Arista Networks Inc. New 0.03% +0.03
BX Blackstone Inc. Add +3.4% 0.68% +0.02
NWSA News Corp. Class A New 0.01% +0.01
RF Regions Financial Corp. New 0.01% +0.01
INFY Infosys Ltd.-SP ADR Add +57.0% 0.03% +0.01
NGD New Gold Inc. New 0.01% +0.01
MRVL Marvell Technology Inc. Add +24.4% 0.14% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 124$5.3BLLY, NVDA, AMZN, GOOG, LIN
Q1 2026 113$4.5BTTE, CVX, NVDA, LLY, JNJ
Q4 2025 108$3.6BAMZN, GOOG, JNJ, TJX, NEM
Q3 2025 105$4.1BAMZN, META, MSFT, NVDA, JPM
Q2 2025 105$4.1BAMZN, META, MSFT, NVDA, JPM
Q1 2025 111$3.4BV, AMZN, NVDA, META, CVX
Q4 2024 129$4.3BAMZN, META, GOOG, MSFT, V