Impact Asset Management GmbH

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 14, 2025), Impact Asset Management GmbH reported 75 stock positions worth $255.2 million. Its top holding was Microsoft (MSFT) at 6.0% of the portfolio, followed by Alphabet Class C (GOOG, 5.5%) and Mastercard Class A (MA, 4.5%). Compared with Q4 2024, it opened 6 new positions, sold out of 1, added to 14 and reduced 29. The biggest buy was a new position in Alphabet Class C (GOOG) and the biggest sale Microsoft (MSFT, shares −19%).

Most Recent 13F
Q1 2025
Location
VIENNA, C4
CIK
0002068799
Portfolio Value
$255.2M (Q1 2025)
SEC Filing
0001398344-25-015448 ↗ filed Aug 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q3 2024: $260.0M Q3 2024 Q4 2024: $253.1M Q4 2024 Q1 2025: $255.2M $255.2M Q1 2025

Holdings 75 stocks · $255.2M
MSFT Microsoft Corp. 5.97% 40,561 $15.2M Reduce -19.1%
GOOG Alphabet Inc. Class C 5.49% 89,730 $14.0M New
MA Mastercard Inc. Class A 4.53% 21,100 $11.6M Reduce -8.5%
V Visa Inc. Class A 4.34% 31,640 $11.1M Add +4.5%
LLY Eli Lilly & Co. 3.16% 9,780 $8.1M Add +2.7%
TSM Taiwan Semiconductor-SP ADR 2.99% 45,900 $7.6M Reduce -18.5%
AAPL Apple Inc. 2.83% 32,481 $7.2M Add +25.4%
AVGO Broadcom Inc. 2.79% 42,510 $7.1M Reduce -19.5%
MELI MercadoLibre Inc. 2.75% 3,600 $7.0M Reduce -0.8%
ICE Intercontinental Exchange Inc. 2.73% 40,410 $7.0M Add +3.2%
ABBV Abbvie Inc. 2.60% 31,630 $6.6M Add +4.6%
LOW Lowe's Cos Inc. 2.47% 27,085 $6.3M Add +3.2%
SPGI S&P Global Inc. 2.45% 12,310 $6.3M Reduce -1.1%
VRTX Vertex Pharmaceuticals Inc. 2.43% 12,770 $6.2M Reduce -0.9%
PNC PNC Financial Services Group 2.42% 35,140 $6.2M Reduce -1.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.30% 48,200 $5.9M Add +20.5%
C Citigroup Inc. 2.27% 81,600 $5.8M Reduce -1.3%
WELL Welltower Inc. 2.26% 37,630 $5.8M New
MCO Moody's Corp. 2.19% 12,010 $5.6M Reduce -17.5%
NOW ServiceNow Inc. 2.02% 6,485 $5.2M Add +35.0%
ECL Ecolab Inc. 1.98% 19,910 $5.0M Add +2.1%
BKNG Booking Holdings Inc. 1.96% 1,085 $5.0M Add +36.5%
NVDA Nvidia Corp. 1.93% 45,356 $4.9M Add +37.4%
PANW Palo Alto Networks Inc. 1.87% 28,040 $4.8M Reduce -1.3%
WM Waste Management Inc. 1.75% 19,280 $4.5M Reduce -31.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.72% 52,320 $4.4M New
AMP Ameriprise Financial Inc. 1.71% 9,020 $4.4M Add +4.0%
AXP American Express Co. 1.69% 16,040 $4.3M No change
DHR Danaher Corp. 1.68% 20,970 $4.3M New
REGN Regeneron Pharmaceuticals 1.68% 6,760 $4.3M Add +3.7%
SNPS Synopsys Inc. 1.67% 9,950 $4.3M Reduce -19.7%
ORCL Oracle Corp. 1.47% 26,790 $3.7M No change
ANET Arista Networks Inc. 1.44% 47,440 $3.7M Reduce -12.9%
CMG Chipotle Mexican Grill Inc. 1.36% 68,950 $3.5M No change
CTAS Cintas Corp. 1.34% 16,660 $3.4M No change
KLAC KLA Corp. 1.13% 4,230 $2.9M Reduce -29.1%
CRM Salesforce Inc. 1.12% 10,610 $2.8M Reduce -1.6%
IR Ingersoll-Rand Inc. 1.06% 33,750 $2.7M Reduce -2.0%
EQIX Equinix Inc. 1.05% 3,295 $2.7M Reduce -60.8%
MU Micron Technology Inc. 1.02% 29,860 $2.6M Reduce -30.3%
MRVL Marvell Technology Inc. 0.91% 37,820 $2.3M Reduce -10.6%
LRCX Lam Research Corp. 0.80% 27,920 $2.0M Reduce -20.1%
AGI Alamos Gold Inc. Class A 0.50% 48,100 $1.3M No change
AEM Agnico Eagle Mines Ltd. 0.46% 10,880 $1.2M Reduce -11.5%
KGC Kinross Gold Corp. 0.46% 92,300 $1.2M Reduce -15.6%
FSLR First Solar Inc. 0.43% 8,630 $1.1M Reduce -50.6%
PAAS Pan American Silver Corp. 0.42% 42,000 $1.1M No change
SHOP Shopify Inc. Class A 0.32% 8,548 $816K No change
PG The Procter & Gamble Co. 0.28% 4,230 $721K New
PLTR Palantir Technologies Inc. Class A 0.28% 8,483 $716K Reduce -34.1%
WPM Wheaton Precious Metals Corp. 0.24% 8,000 $621K Reduce -14.0%
TSLA Tesla Inc. 0.22% 2,153 $558K No change
EGO Eldorado Gold Corp. 0.20% 30,700 $516K No change
SE Sea Ltd.-ADR 0.19% 3,797 $495K No change
GFI Gold Fields Ltd.-Spons ADR 0.19% 22,200 $490K Add +53.1%
NGD New Gold Inc. 0.18% 125,000 $464K No change
SNOW Snowflake Inc. 0.17% 2,923 $427K No change
AMZN Amazon.com Inc. 0.16% 2,146 $408K No change
CDE Coeur Mining Inc. 0.16% 67,464 $399K Reduce -10.1%
FSM Fortuna Mining Corp. 0.16% 65,600 $399K No change
IAG Iamgold Corp. 0.14% 58,500 $366K No change
ADSK Autodesk Inc. 0.14% 1,393 $365K No change
HL Hecla Mining Co. 0.14% 65,000 $361K No change
CRWD CrowdStrike Holdings Inc. Class A 0.13% 976 $344K No change
NET Cloudflare Inc. Class A 0.13% 2,977 $335K Reduce -15.6%
MAG Mag Silver Corp. 0.12% 20,600 $313K No change
CPNG Coupang Inc. 0.12% 14,022 $308K No change
ABNB Airbnb Inc. Class A 0.12% 2,533 $303K No change
ROKU Roku Inc. 0.11% 3,916 $276K No change
SKE Skeena Resources Ltd. 0.11% 26,800 $270K Reduce -18.8%
EQX Equinox Gold Corp. 0.10% 35,900 $247K No change
DDOG Datadog Inc. Class A 0.08% 2,128 $211K No change
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.08% 22,000 $205K New
XYZ Block Inc. 0.08% 3,684 $200K No change
AMD Advanced Micro Devices 0.05% 1,247 $128K No change

Portfolio Sells Q4 2024 → Q1 2025
MSFT Microsoft Corp. Reduce -19.1% 5.97% −2.39
EQIX Equinix Inc. Reduce -60.8% 1.05% −2.08
AVGO Broadcom Inc. Reduce -19.5% 2.79% −2.05
TSM Taiwan Semiconductor-SP ADR Reduce -18.5% 2.99% −1.41
ANET Arista Networks Inc. Reduce -12.9% 1.44% −0.94
MRVL Marvell Technology Inc. Reduce -10.6% 0.91% −0.93
FSLR First Solar Inc. Reduce -50.6% 0.43% −0.79
SNPS Synopsys Inc. Reduce -19.7% 1.67% −0.70
MCO Moody's Corp. Reduce -17.5% 2.19% −0.53
WM Waste Management Inc. Reduce -31.8% 1.75% −0.51
MU Micron Technology Inc. Reduce -30.3% 1.02% −0.41
KLAC KLA Corp. Reduce -29.1% 1.13% −0.36
CRM Salesforce Inc. Reduce -1.6% 1.12% −0.31
PNC PNC Financial Services Group Reduce -1.1% 2.42% −0.29
MA Mastercard Inc. Class A Reduce -8.5% 4.53% −0.27
LRCX Lam Research Corp. Reduce -20.1% 0.80% −0.20
IR Ingersoll-Rand Inc. Reduce -2.0% 1.06% −0.17
PANW Palo Alto Networks Inc. Reduce -1.3% 1.87% −0.17
PLTR Palantir Technologies Inc. Class A Reduce -34.1% 0.28% −0.10
SILV Silvercrest Metals Inc. Sold out 0.00% −0.10
C Citigroup Inc. Reduce -1.3% 2.27% −0.03
NET Cloudflare Inc. Class A Reduce -15.6% 0.13% −0.02
CDE Coeur Mining Inc. Reduce -10.1% 0.16% −0.01
SKE Skeena Resources Ltd. Reduce -18.8% 0.11% −0.01
SPGI S&P Global Inc. Reduce -1.1% 2.45% +0.00
WPM Wheaton Precious Metals Corp. Reduce -14.0% 0.24% +0.04
KGC Kinross Gold Corp. Reduce -15.6% 0.46% +0.06
AEM Agnico Eagle Mines Ltd. Reduce -11.5% 0.46% +0.08
MELI MercadoLibre Inc. Reduce -0.8% 2.75% +0.31
VRTX Vertex Pharmaceuticals Inc. Reduce -0.9% 2.43% +0.37

Portfolio Buys Q4 2024 → Q1 2025
GOOG Alphabet Inc. Class C New 5.49% +5.49
WELL Welltower Inc. New 2.26% +2.26
BNY Bank of New York Mellon Corp. New 1.72% +1.72
DHR Danaher Corp. New 1.68% +1.68
V Visa Inc. Class A Add +4.5% 4.34% +0.56
ABBV Abbvie Inc. Add +4.6% 2.60% +0.47
ICE Intercontinental Exchange Inc. Add +3.2% 2.73% +0.42
BKNG Booking Holdings Inc. Add +36.5% 1.96% +0.40
TJX TJX Companies Inc. Add +20.5% 2.30% +0.39
PG The Procter & Gamble Co. New 0.28% +0.28
AAPL Apple Inc. Add +25.4% 2.83% +0.26
LLY Eli Lilly & Co. Add +2.7% 3.16% +0.26
NVDA Nvidia Corp. Add +37.4% 1.93% +0.17
ECL Ecolab Inc. Add +2.1% 1.98% +0.17
GFI Gold Fields Ltd.-Spons ADR Add +53.1% 0.19% +0.12
ORLA Orla Mining Ltd. New 0.08% +0.08
NOW ServiceNow Inc. Add +35.0% 2.02% +0.01
LOW Lowe's Cos Inc. Add +3.2% 2.47% −0.09
AMP Ameriprise Financial Inc. Add +4.0% 1.71% −0.11
REGN Regeneron Pharmaceuticals Add +3.7% 1.68% −0.16

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 75$255.2MMSFT, GOOG, MA, V, LLY
Q4 2024 70$253.1MMSFT, AVGO, MA, TSM, V
Q3 2024 69$260.0MMSFT, GOOG, TSM, MA, AVGO