MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 18, 2024), MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH reported 175 stock positions worth $2.8 billion. Its top holding was Microsoft (MSFT) at 4.4% of the portfolio, followed by Nvidia (NVDA, 3.9%) and Merck (MRK, 3.5%). Compared with Q4 2023, it opened 30 new positions, sold out of 28, added to 51 and reduced 75. The biggest buy was a new position in Kenvue (KVUE) and the biggest sale an exit from L3HARRIS Technologies (LHX).
- Most Recent 13F
- Q2 2025
- Location
- MUNICH, 2M
- CIK
- 0001142433
- Portfolio Value
- $2.8B (Q1 2024)
- SEC Filing
- 0001019056-24-000142 ↗ filed Apr 18, 2024
Holdings Value
Holdings 175 stocks · $2.8B
| MSFT Microsoft Corp. | 4.41% | 289,555 | $121.8M | Reduce -2.9% |
| NVDA Nvidia Corp. | 3.93% | 120,083 | $108.5M | Reduce -8.8% |
| MRK Merck & Co. Inc. | 3.54% | 741,345 | $97.8M | Reduce -8.4% |
| META Meta Platforms Inc. Class A | 2.33% | 132,362 | $64.3M | Reduce -6.1% |
| GILD Gilead Sciences Inc. | 2.32% | 876,899 | $64.2M | Reduce -0.9% |
| RIO Rio Tinto PLC-Spon ADR | 2.26% | 978,859 | $62.4M | Add +22.7% |
| UL Unilever PLC | 2.21% | 1,215,003 | $61.0M | No change |
| PM Philip Morris International | 2.19% | 661,626 | $60.6M | Add +5.3% |
| CVX Chevron Corp. | 2.19% | 383,995 | $60.6M | No change |
| UNH Unitedhealth Group Inc. | 2.14% | 119,665 | $59.2M | Add +13.8% |
| GLPI Gaming and Leisure Propertie | 2.09% | 1,253,384 | $57.7M | Add +0.1% |
| MET Metlife Inc. | 2.07% | 771,423 | $57.2M | Add +3.9% |
| PFE Pfizer Inc. | 2.06% | 2,052,326 | $57.0M | Reduce -1.3% |
| GLW Corning Inc. | 2.03% | 1,700,647 | $56.1M | No change |
| RJF Raymond James Financial Inc. | 1.95% | 420,524 | $54.0M | No change |
| KVUE Kenvue Inc. | 1.93% | 2,481,177 | $53.2M | New |
| CSCO Cisco Systems Inc. | 1.92% | 1,064,092 | $53.1M | Add +23.4% |
| CCI Crown Castle Inc. | 1.84% | 481,542 | $51.0M | Add +15.8% |
| ATO Atmos Energy Corp. | 1.81% | 421,344 | $50.1M | Add +10.0% |
| SRE Sempra | 1.80% | 692,396 | $49.7M | No change |
| EMR Emerson Electric Co. | 1.73% | 421,110 | $47.8M | Reduce -3.5% |
| NXPI NXP Semiconductors NV | 1.71% | 190,241 | $47.1M | Add +12.0% |
| UPS United Parcel Service Class B | 1.70% | 316,953 | $47.1M | Add +70.2% |
| AIG American International Group | 1.68% | 594,793 | $46.5M | Add +2.3% |
| EXC Exelon Corp. | 1.66% | 1,219,088 | $45.8M | No change |
| ARES Ares Management Corp. Class A | 1.66% | 344,255 | $45.8M | Reduce -3.7% |
| LLY Eli Lilly & Co. | 1.64% | 58,342 | $45.4M | Reduce -17.4% |
| JPM JPMorgan Chase & Co. | 1.57% | 216,649 | $43.4M | Reduce -16.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.56% | 296,616 | $43.1M | Reduce -3.5% |
| GOOGL Alphabet Inc. Class A | 1.43% | 261,855 | $39.5M | Reduce -11.7% |
| ROP Roper Technologies Inc. | 1.40% | 68,896 | $38.7M | Reduce -2.5% |
| MA Mastercard Inc. Class A | 1.33% | 76,114 | $36.7M | Add +6.9% |
| GOOG Alphabet Inc. Class C | 1.29% | 234,446 | $35.7M | Reduce -0.5% |
| AVGO Broadcom Inc. | 1.27% | 26,482 | $35.1M | Reduce -9.9% |
| RF Regions Financial Corp. | 1.22% | 1,607,823 | $33.8M | New |
| AAPL Apple Inc. | 1.17% | 189,369 | $32.5M | Reduce -3.6% |
| V Visa Inc. Class A | 1.13% | 112,335 | $31.4M | Reduce -11.3% |
| BKNG Booking Holdings Inc. | 1.12% | 8,569 | $31.1M | Reduce -4.8% |
| PPG PPG Industries Inc. | 1.12% | 214,168 | $31.0M | New |
| TSCO Tractor Supply Company | 1.08% | 114,335 | $29.9M | Reduce -12.9% |
| HWM Howmet Aerospace Inc. | 1.04% | 420,354 | $28.8M | Add +7.8% |
| ADBE Adobe Inc. | 0.99% | 54,470 | $27.5M | Reduce -13.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.95% | 259,659 | $26.3M | Reduce -4.9% |
| AMZN Amazon.com Inc. | 0.93% | 142,480 | $25.7M | Add +5.2% |
| DB Deutsche Bank AG-Registered | 0.92% | 1,620,402 | $25.5M | Add +10.4% |
| IR Ingersoll-Rand Inc. | 0.91% | 264,983 | $25.2M | Reduce -0.3% |
| FISV Fiserv Inc. | 0.86% | 149,317 | $23.9M | Reduce -2.0% |
| KLAC KLA Corp. | 0.72% | 28,344 | $19.8M | Reduce -3.1% |
| TMUS T-Mobile US Inc. | 0.67% | 114,228 | $18.6M | Reduce -3.6% |
| CRM Salesforce Inc. | 0.67% | 61,834 | $18.6M | Add +925.6% |
| ABBV Abbvie Inc. | 0.60% | 90,879 | $16.5M | Reduce -4.1% |
| LOGI Logitech International-Reg | 0.58% | 180,035 | $16.1M | Reduce -15.3% |
| PDD PDD Holdings Inc. | 0.53% | 126,718 | $14.7M | Reduce -11.7% |
| HD Home Depot Inc. | 0.51% | 36,686 | $14.1M | Add +66.2% |
| TMO Thermo Fisher Scientific Inc. | 0.51% | 24,050 | $14.0M | Reduce -2.3% |
| ANET Arista Networks Inc. | 0.49% | 46,565 | $13.5M | Reduce -51.4% |
| MRVL Marvell Technology Inc. | 0.48% | 187,509 | $13.3M | New |
| COR Cencora Inc. | 0.47% | 53,869 | $13.1M | Add +16.5% |
| NKE Nike Inc. Class B | 0.47% | 137,339 | $12.9M | Reduce -3.8% |
| BLDR Builders Firstsource Inc. | 0.37% | 49,454 | $10.3M | Reduce -0.6% |
| SYF Synchrony Financial | 0.35% | 221,325 | $9.5M | Add +7.5% |
| DAL Delta Air Lines Inc. | 0.34% | 197,464 | $9.5M | Add +84.0% |
| VLO Valero Energy Corp. | 0.34% | 54,353 | $9.3M | Add +1.9% |
| CLX Clorox Company | 0.33% | 60,190 | $9.2M | Add +819.2% |
| SPGI S&P Global Inc. | 0.30% | 19,557 | $8.3M | Reduce -55.4% |
| PG The Procter & Gamble Co. | 0.29% | 50,002 | $8.1M | Reduce -0.6% |
| EQH Equitable Holdings Inc. | 0.27% | 193,278 | $7.3M | Reduce -57.5% |
| ACN Accenture PLC Class A | 0.26% | 20,669 | $7.2M | Reduce -9.8% |
| MPC Marathon Petroleum Corp. | 0.25% | 34,766 | $7.0M | Reduce -13.9% |
| DOCU Docusign Inc. | 0.24% | 113,203 | $6.7M | New |
| HIG Hartford Insurance Group Inc. | 0.23% | 62,871 | $6.5M | Add +75.8% |
| WFG West Fraser Timber Co. Ltd. | 0.23% | 73,418 | $6.3M | Add +49.2% |
| CMCSA Comcast Corp. Class A | 0.23% | 145,381 | $6.3M | Add +425.2% |
| ELV Elevance Health Inc. | 0.22% | 11,906 | $6.2M | Reduce -35.9% |
| IP International Paper Co. | 0.22% | 158,030 | $6.2M | Reduce -4.7% |
| INFY Infosys Ltd.-SP ADR | 0.22% | 342,755 | $6.1M | Add +8.6% |
| DINO HF Sinclair Corp. | 0.22% | 101,220 | $6.1M | Add +14.3% |
| UNP Union Pacific Corp. | 0.21% | 23,872 | $5.9M | Reduce -28.8% |
| CCEP Coca-Cola Europacific Partne | 0.21% | 81,366 | $5.8M | Add +55.1% |
| CI The Cigna Group | 0.21% | 15,791 | $5.7M | Reduce -12.6% |
| ADSK Autodesk Inc. | 0.20% | 21,420 | $5.6M | Add +3.5% |
| DVA Davita Inc. | 0.20% | 39,206 | $5.4M | Reduce -7.4% |
| BBY Best Buy Co. Inc. | 0.20% | 65,867 | $5.4M | Add +44.6% |
| STLD Steel Dynamics Inc. | 0.19% | 35,844 | $5.3M | Add +56.5% |
| PSX Phillips 66 | 0.19% | 31,877 | $5.2M | Add +311.0% |
| CSX CSX Corp. | 0.17% | 125,941 | $4.7M | Add +2992.8% |
| GXO Gxo Logistics Inc. | 0.16% | 84,170 | $4.5M | No change |
| KR Kroger Co. | 0.16% | 76,371 | $4.4M | Reduce -6.1% |
| TGT Target Corp. | 0.16% | 24,439 | $4.3M | Reduce -13.1% |
| KMB Kimberly-Clark Corp. | 0.15% | 31,002 | $4.0M | Reduce -48.7% |
| HPE Hewlett Packard Enterprise | 0.14% | 225,744 | $4.0M | Add +1118.2% |
| EBAY eBay Inc. | 0.14% | 75,353 | $4.0M | Reduce -9.8% |
| LNG Cheniere Energy Inc. | 0.14% | 23,964 | $3.9M | Add +81.7% |
| HPQ HP Inc. | 0.14% | 126,820 | $3.8M | Reduce -17.0% |
| INTC Intel Corp. | 0.14% | 86,475 | $3.8M | Add +0.7% |
| KMX Carmax Inc. | 0.14% | 42,913 | $3.7M | Add +20.1% |
| TWLO Twilio Inc. Class A | 0.13% | 60,936 | $3.7M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 27,048 | $3.7M | Reduce -61.9% |
| LRCX Lam Research Corp. | 0.13% | 3,698 | $3.6M | Add +32.6% |
| OC Owens Corning | 0.13% | 21,390 | $3.6M | New |
Portfolio Sells Q4 2023 → Q1 2024
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −1.96 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −1.56 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −1.39 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.12 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.81 |
| TSLA Tesla Inc. | Reduce -76.5% | 0.09% | −0.48 |
| SPGI S&P Global Inc. | Reduce -55.4% | 0.30% | −0.43 |
| ADBE Adobe Inc. | Reduce -13.1% | 0.99% | −0.43 |
| GILD Gilead Sciences Inc. | Reduce -0.9% | 2.32% | −0.40 |
| ANET Arista Networks Inc. | Reduce -51.4% | 0.49% | −0.37 |
| EQH Equitable Holdings Inc. | Reduce -57.5% | 0.27% | −0.31 |
| PDD PDD Holdings Inc. | Reduce -11.7% | 0.53% | −0.26 |
| AAPL Apple Inc. | Reduce -3.6% | 1.17% | −0.26 |
| ALLY Ally Financial Inc. | Sold out | 0.00% | −0.25 |
| IT Gartner Inc. | Reduce -87.0% | 0.04% | −0.24 |
| PNC PNC Financial Services Group | Reduce -77.2% | 0.07% | −0.23 |
| MGA Magna International Inc. | Sold out | 0.00% | −0.23 |
| PFE Pfizer Inc. | Reduce -1.3% | 2.06% | −0.21 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.19 |
| LOGI Logitech International-Reg | Reduce -15.3% | 0.58% | −0.18 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -61.9% | 0.13% | −0.15 |
| GOOGL Alphabet Inc. Class A | Reduce -11.7% | 1.43% | −0.14 |
| KMB Kimberly-Clark Corp. | Reduce -48.7% | 0.15% | −0.13 |
| MMM 3M Co. | Reduce -97.3% | 0.00% | −0.13 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.13 |
| NKE Nike Inc. Class B | Reduce -3.8% | 0.47% | −0.12 |
| V Visa Inc. Class A | Reduce -11.3% | 1.13% | −0.12 |
| ALL Allstate Corp. | Reduce -91.7% | 0.01% | −0.12 |
| RBA RB Global Inc. | Reduce -68.7% | 0.06% | −0.12 |
| ELV Elevance Health Inc. | Reduce -35.9% | 0.22% | −0.11 |
| LBTYK Liberty Global Ltd. Class C | Sold out | 0.00% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -16.5% | 1.57% | −0.11 |
| UNP Union Pacific Corp. | Reduce -28.8% | 0.21% | −0.10 |
| HDB HDFC Bank Ltd.-ADR | Reduce -46.1% | 0.07% | −0.09 |
| BKNG Booking Holdings Inc. | Reduce -4.8% | 1.12% | −0.09 |
| DGX Quest Diagnostics Inc. | Sold out | 0.00% | −0.07 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −0.07 |
| YUMC Yum China Holdings Inc. | Reduce -39.2% | 0.08% | −0.07 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.07 |
| JNJ Johnson & Johnson | Reduce -78.5% | 0.02% | −0.07 |
| PFG Principal Financial Group | Sold out | 0.00% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -2.5% | 1.40% | −0.06 |
| INTU Intuit Inc. | Reduce -69.8% | 0.03% | −0.06 |
| KO The Coca-Cola Co. | Reduce -76.4% | 0.02% | −0.05 |
| ZTS Zoetis Inc. | Reduce -65.3% | 0.02% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -3.6% | 0.67% | −0.05 |
| ACN Accenture PLC Class A | Reduce -9.8% | 0.26% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -92.8% | 0.00% | −0.05 |
| MTB M & T Bank Corp. | Reduce -3.5% | 1.56% | −0.04 |
| HPQ HP Inc. | Reduce -17.0% | 0.14% | −0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| KVUE Kenvue Inc. | New | 1.93% | +1.93 |
| RF Regions Financial Corp. | New | 1.22% | +1.22 |
| PPG PPG Industries Inc. | New | 1.12% | +1.12 |
| CRM Salesforce Inc. | Add +925.6% | 0.67% | +0.61 |
| UPS United Parcel Service Class B | Add +70.2% | 1.70% | +0.59 |
| MRVL Marvell Technology Inc. | New | 0.48% | +0.48 |
| CLX Clorox Company | Add +819.2% | 0.33% | +0.30 |
| CSCO Cisco Systems Inc. | Add +23.4% | 1.92% | +0.27 |
| DOCU Docusign Inc. | New | 0.24% | +0.24 |
| HWM Howmet Aerospace Inc. | Add +7.8% | 1.04% | +0.24 |
| NXPI NXP Semiconductors NV | Add +12.0% | 1.71% | +0.22 |
| HD Home Depot Inc. | Add +66.2% | 0.51% | +0.22 |
| MET Metlife Inc. | Add +3.9% | 2.07% | +0.21 |
| AIG American International Group | Add +2.3% | 1.68% | +0.19 |
| CMCSA Comcast Corp. Class A | Add +425.2% | 0.23% | +0.18 |
| DAL Delta Air Lines Inc. | Add +84.0% | 0.34% | +0.18 |
| MA Mastercard Inc. Class A | Add +6.9% | 1.33% | +0.17 |
| CSX CSX Corp. | Add +2992.8% | 0.17% | +0.16 |
| DB Deutsche Bank AG-Registered | Add +10.4% | 0.92% | +0.16 |
| PSX Phillips 66 | Add +311.0% | 0.19% | +0.15 |
| AMZN Amazon.com Inc. | Add +5.2% | 0.93% | +0.15 |
| TWLO Twilio Inc. Class A | New | 0.13% | +0.13 |
| HPE Hewlett Packard Enterprise | Add +1118.2% | 0.14% | +0.13 |
| OC Owens Corning | New | 0.13% | +0.13 |
| ATO Atmos Energy Corp. | Add +10.0% | 1.81% | +0.13 |
| HIG Hartford Insurance Group Inc. | Add +75.8% | 0.23% | +0.13 |
| LH Laboratory CRP of Amer Hldgs | New | 0.12% | +0.12 |
| COR Cencora Inc. | Add +16.5% | 0.47% | +0.11 |
| HCA HCA Healthcare Inc. | Add +2471.9% | 0.09% | +0.09 |
| STLD Steel Dynamics Inc. | Add +56.5% | 0.19% | +0.09 |
| BNS Bank of Nova Scotia | New | 0.08% | +0.08 |
| CCEP Coca-Cola Europacific Partne | Add +55.1% | 0.21% | +0.08 |
| VLO Valero Energy Corp. | Add +1.9% | 0.34% | +0.07 |
| IBM Intl Business Machines Corp. | New | 0.07% | +0.07 |
| WAT Waters Corp. | Add +2134.3% | 0.07% | +0.07 |
| WFG West Fraser Timber Co. Ltd. | Add +49.2% | 0.23% | +0.07 |
| LPLA LPL Financial Holdings Inc. | New | 0.07% | +0.07 |
| BBY Best Buy Co. Inc. | Add +44.6% | 0.20% | +0.06 |
| FIS Fidelity National Info Serv | New | 0.06% | +0.06 |
| LNG Cheniere Energy Inc. | Add +81.7% | 0.14% | +0.05 |
| TFC Truist Financial Corp. | Add +1312.1% | 0.06% | +0.05 |
| CL Colgate-Palmolive Co. | New | 0.05% | +0.05 |
| NTAP Netapp Inc. | New | 0.05% | +0.05 |
| LRCX Lam Research Corp. | Add +32.6% | 0.13% | +0.05 |
| SYF Synchrony Financial | Add +7.5% | 0.35% | +0.05 |
| STT State Street Corp. | New | 0.04% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +13.8% | 2.14% | +0.04 |
| CFG Citizens Financial Group | New | 0.04% | +0.04 |
| BURL Burlington Stores Inc. | New | 0.04% | +0.04 |
| LII Lennox International Inc. | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2025 | 197 | $3.5B | NVDA, MSFT, AVGO, PCAR, V |
| Q1 2025 | 190 | $3.4B | MSFT, NVDA, AVGO, AMZN, PCAR |
| Q4 2024 | 201 | $3.2B | NVDA, MSFT, MRK, GILD, PCAR |
| Q3 2024 | 197 | $3.2B | MSFT, NVDA, MRK, GILD, AAPL |
| Q2 2024 | 181 | $3.0B | MSFT, NVDA, MRK, GILD, AAPL |
| Q1 2024 | 175 | $2.8B | MSFT, NVDA, MRK, META, GILD |