Impact Asset Management GmbH

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed May 30, 2025), Impact Asset Management GmbH reported 70 stock positions worth $253.1 million. Its top holding was Microsoft (MSFT) at 8.4% of the portfolio, followed by Broadcom (AVGO, 4.8%) and Mastercard Class A (MA, 4.8%). Compared with Q3 2024, it opened 11 new positions, sold out of 10, added to 6 and reduced 27. The biggest buy was Microsoft (MSFT, shares +41%) and the biggest sale an exit from Alphabet Class C (GOOG).

Most Recent 13F
Q1 2025
Location
VIENNA, C4
CIK
0002068799
Portfolio Value
$253.1M (Q4 2024)
SEC Filing
0001398344-25-010841 ↗ filed May 30, 2025

Holdings Value

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

Holdings 70 stocks · $253.1M
MSFT Microsoft Corp. 8.35% 50,141 $21.1M Add +40.5%
AVGO Broadcom Inc. 4.84% 52,810 $12.2M Reduce -16.5%
MA Mastercard Inc. Class A 4.80% 23,056 $12.1M Reduce -4.1%
TSM Taiwan Semiconductor-SP ADR 4.40% 56,330 $11.1M Reduce -20.5%
V Visa Inc. Class A 3.78% 30,290 $9.6M Reduce -19.6%
EQIX Equinix Inc. 3.13% 8,405 $7.9M Reduce -1.3%
LLY Eli Lilly & Co. 2.90% 9,520 $7.3M Add +24.8%
MCO Moody's Corp. 2.72% 14,560 $6.9M Reduce -2.7%
PNC PNC Financial Services Group 2.71% 35,540 $6.9M Add +87.2%
AAPL Apple Inc. 2.56% 25,901 $6.5M Reduce -3.4%
LOW Lowe's Cos Inc. 2.56% 26,255 $6.5M Reduce -17.5%
SPGI S&P Global Inc. 2.45% 12,450 $6.2M Reduce -3.4%
MELI MercadoLibre Inc. 2.44% 3,630 $6.2M Reduce -0.4%
ANET Arista Networks Inc. 2.38% 54,500 $6.0M Reduce -4.1%
SNPS Synopsys Inc. 2.38% 12,390 $6.0M No change
ICE Intercontinental Exchange Inc. 2.31% 39,170 $5.8M New
C Citigroup Inc. 2.30% 82,700 $5.8M New
WM Waste Management Inc. 2.25% 28,265 $5.7M Reduce -2.2%
ABBV Abbvie Inc. 2.12% 30,250 $5.4M Reduce -4.5%
VRTX Vertex Pharmaceuticals Inc. 2.05% 12,890 $5.2M Reduce -0.5%
PANW Palo Alto Networks Inc. 2.04% 28,420 $5.2M New
NOW ServiceNow Inc. 2.01% 4,805 $5.1M Reduce -37.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.91% 39,990 $4.8M New
AXP American Express Co. 1.88% 16,040 $4.8M Reduce -21.9%
MRVL Marvell Technology Inc. 1.85% 42,300 $4.7M New
REGN Regeneron Pharmaceuticals 1.84% 6,520 $4.6M No change
AMP Ameriprise Financial Inc. 1.82% 8,670 $4.6M Reduce -23.1%
ECL Ecolab Inc. 1.81% 19,495 $4.6M New
ORCL Oracle Corp. 1.76% 26,790 $4.5M Add +7.6%
NVDA Nvidia Corp. 1.75% 33,006 $4.4M Reduce -0.6%
CMG Chipotle Mexican Grill Inc. 1.64% 68,950 $4.2M New
BKNG Booking Holdings Inc. 1.56% 795 $3.9M Reduce -40.7%
KLAC KLA Corp. 1.49% 5,970 $3.8M New
MU Micron Technology Inc. 1.42% 42,840 $3.6M Add +0.8%
CRM Salesforce Inc. 1.42% 10,780 $3.6M New
IR Ingersoll-Rand Inc. 1.23% 34,430 $3.1M New
FSLR First Solar Inc. 1.22% 17,480 $3.1M New
CTAS Cintas Corp. 1.20% 16,660 $3.0M Reduce -48.6%
LRCX Lam Research Corp. 1.00% 34,920 $2.5M Reduce -42.0%
KGC Kinross Gold Corp. 0.40% 109,300 $1.0M No change
PLTR Palantir Technologies Inc. Class A 0.38% 12,879 $974K Reduce -18.2%
AEM Agnico Eagle Mines Ltd. 0.38% 12,290 $961K No change
SHOP Shopify Inc. Class A 0.36% 8,548 $909K Reduce -13.4%
AGI Alamos Gold Inc. Class A 0.35% 48,100 $887K Reduce -10.3%
TSLA Tesla Inc. 0.34% 2,153 $869K No change
PAAS Pan American Silver Corp. 0.34% 42,000 $849K No change
WPM Wheaton Precious Metals Corp. 0.21% 9,300 $523K No change
AMZN Amazon.com Inc. 0.19% 2,146 $471K Reduce -48.4%
EGO Eldorado Gold Corp. 0.18% 30,700 $456K No change
SNOW Snowflake Inc. 0.18% 2,923 $451K No change
CDE Coeur Mining Inc. 0.17% 75,000 $429K No change
ADSK Autodesk Inc. 0.16% 1,393 $412K No change
SE Sea Ltd.-ADR 0.16% 3,797 $403K No change
NET Cloudflare Inc. Class A 0.15% 3,527 $380K No change
CRWD CrowdStrike Holdings Inc. Class A 0.13% 976 $334K No change
ABNB Airbnb Inc. Class A 0.13% 2,533 $333K No change
HL Hecla Mining Co. 0.13% 65,000 $319K No change
XYZ Block Inc. 0.12% 3,684 $313K No change
NGD New Gold Inc. 0.12% 125,000 $310K No change
CPNG Coupang Inc. 0.12% 14,022 $308K No change
DDOG Datadog Inc. Class A 0.12% 2,128 $304K No change
IAG Iamgold Corp. 0.12% 58,500 $302K No change
ROKU Roku Inc. 0.12% 3,916 $291K No change
SKE Skeena Resources Ltd. 0.11% 33,000 $287K No change
FSM Fortuna Mining Corp. 0.11% 65,600 $281K No change
MAG Mag Silver Corp. 0.11% 20,600 $280K No change
SILV Silvercrest Metals Inc. 0.10% 29,000 $264K Add +61.1%
GFI Gold Fields Ltd.-Spons ADR 0.08% 14,500 $191K Reduce -34.1%
EQX Equinox Gold Corp. 0.07% 35,900 $181K Reduce -32.3%
AMD Advanced Micro Devices 0.06% 1,247 $151K No change

Portfolio Sells Q3 2024 → Q4 2024
GOOG Alphabet Inc. Class C Sold out 0.00% −5.72
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −2.45
VRT Vertiv Holdings Co. Class A Sold out 0.00% −2.34
ELV Elevance Health Inc. Sold out 0.00% −2.07
CL Colgate-Palmolive Co. Sold out 0.00% −1.93
MRSH Marsh & McLennan Cos Sold out 0.00% −1.92
CTAS Cintas Corp. Reduce -48.6% 1.20% −1.36
ADBE Adobe Inc. Sold out 0.00% −1.20
LRCX Lam Research Corp. Reduce -42.0% 1.00% −0.89
LOW Lowe's Cos Inc. Reduce -17.5% 2.56% −0.76
NOW ServiceNow Inc. Reduce -37.6% 2.01% −0.64
BKNG Booking Holdings Inc. Reduce -40.7% 1.56% −0.61
MELI MercadoLibre Inc. Reduce -0.4% 2.44% −0.44
TSM Taiwan Semiconductor-SP ADR Reduce -20.5% 4.40% −0.34
ABBV Abbvie Inc. Reduce -4.5% 2.12% −0.28
VRTX Vertex Pharmaceuticals Inc. Reduce -0.5% 2.05% −0.27
AXP American Express Co. Reduce -21.9% 1.88% −0.26
AMP Ameriprise Financial Inc. Reduce -23.1% 1.82% −0.21
V Visa Inc. Class A Reduce -19.6% 3.78% −0.20
BTG B2GOLD Corp. Sold out 0.00% −0.11
AMZN Amazon.com Inc. Reduce -48.4% 0.19% −0.11
SPGI S&P Global Inc. Reduce -3.4% 2.45% −0.11
PEP Pepsico Inc. Sold out 0.00% −0.09
AGI Alamos Gold Inc. Class A Reduce -10.3% 0.35% −0.06
GFI Gold Fields Ltd.-Spons ADR Reduce -34.1% 0.08% −0.05
WM Waste Management Inc. Reduce -2.2% 2.25% −0.05
EQX Equinox Gold Corp. Reduce -32.3% 0.07% −0.05
MCO Moody's Corp. Reduce -2.7% 2.72% −0.01
FERG Ferguson Enterprises Inc. Sold out 0.00% 0.00
SHOP Shopify Inc. Class A Reduce -13.4% 0.36% +0.06
PLTR Palantir Technologies Inc. Class A Reduce -18.2% 0.38% +0.16
AAPL Apple Inc. Reduce -3.4% 2.56% +0.16
NVDA Nvidia Corp. Reduce -0.6% 1.75% +0.20
EQIX Equinix Inc. Reduce -1.3% 3.13% +0.22
MA Mastercard Inc. Class A Reduce -4.1% 4.80% +0.23
ANET Arista Networks Inc. Reduce -4.1% 2.38% +0.28
AVGO Broadcom Inc. Reduce -16.5% 4.84% +0.64

Portfolio Buys Q3 2024 → Q4 2024
MSFT Microsoft Corp. Add +40.5% 8.35% +2.45
ICE Intercontinental Exchange Inc. New 2.31% +2.31
C Citigroup Inc. New 2.30% +2.30
PANW Palo Alto Networks Inc. New 2.04% +2.04
TJX TJX Companies Inc. New 1.91% +1.91
MRVL Marvell Technology Inc. New 1.85% +1.85
ECL Ecolab Inc. New 1.81% +1.81
CMG Chipotle Mexican Grill Inc. New 1.64% +1.64
KLAC KLA Corp. New 1.49% +1.49
CRM Salesforce Inc. New 1.42% +1.42
PNC PNC Financial Services Group Add +87.2% 2.71% +1.36
IR Ingersoll-Rand Inc. New 1.23% +1.23
FSLR First Solar Inc. New 1.22% +1.22
LLY Eli Lilly & Co. Add +24.8% 2.90% +0.30
ORCL Oracle Corp. Add +7.6% 1.76% +0.13
SILV Silvercrest Metals Inc. Add +61.1% 0.10% +0.04
MU Micron Technology Inc. Add +0.8% 1.42% −0.27

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