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

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.8B $2.8B Q1 2024 Q2 2024: $3.0B Q2 2024 Q3 2024: $3.2B Q3 2024 Q4 2024: $3.2B Q4 2024 Q1 2025: $3.4B Q1 2025 Q2 2025: $3.5B Q2 2025

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
AMAT Applied Materials Inc. 0.13% 17,149 $3.5M Reduce -1.1%
LH Laboratory CRP of Amer Hldgs 0.12% 15,706 $3.4M New
ULTA Ulta Beauty Inc. 0.11% 5,842 $3.1M Reduce -15.6%
AIZ Assurant Inc. 0.10% 14,112 $2.7M Reduce -3.7%
HCA HCA Healthcare Inc. 0.09% 7,690 $2.6M Add +2471.9%
TSLA Tesla Inc. 0.09% 14,201 $2.5M Reduce -76.5%
YUMC Yum China Holdings Inc. 0.08% 57,500 $2.3M Reduce -39.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.08% 42,779 $2.2M New
WAT Waters Corp. 0.07% 5,921 $2.0M Add +2134.3%
LEA Lear Corp. 0.07% 14,001 $2.0M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 10,300 $2.0M New
HDB HDFC Bank Ltd.-ADR 0.07% 34,511 $1.9M Reduce -46.1%
PNC PNC Financial Services Group 0.07% 11,615 $1.9M Reduce -77.2%
LPLA LPL Financial Holdings Inc. 0.07% 6,902 $1.8M New
WY Weyerhaeuser Co. 0.06% 47,056 $1.7M Add +99.2%
RBA RB Global Inc. 0.06% 21,808 $1.7M Reduce -68.7%
SLF Sun Life Financial Inc. 0.06% 29,680 $1.6M Reduce -32.7%
FIS Fidelity National Info Serv 0.06% 21,680 $1.6M New
TFC Truist Financial Corp. 0.06% 40,682 $1.6M Add +1312.1%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.06% 115,000 $1.6M Add +40.6%
TD Toronto-Dominion Bank 0.06% 25,535 $1.5M Reduce -22.8%
PRU Prudential Financial Inc. 0.05% 12,685 $1.5M Reduce -34.3%
CL Colgate-Palmolive Co. 0.05% 16,294 $1.5M New
NTAP Netapp Inc. 0.05% 13,236 $1.4M New
BMY Bristol-Myers Squibb Co. 0.05% 23,856 $1.3M No change
STT State Street Corp. 0.04% 15,229 $1.2M New
CFG Citizens Financial Group 0.04% 28,577 $1.0M New
BURL Burlington Stores Inc. 0.04% 4,390 $1.0M New
AMP Ameriprise Financial Inc. 0.04% 2,269 $995K Add +50.4%
LII Lennox International Inc. 0.04% 2,028 $991K New
IT Gartner Inc. 0.04% 2,056 $980K Reduce -87.0%
TRI Thomson Reuters Corp. 0.03% 6,076 $946K New
ZTO Zto Express Cayman Inc.-ADR 0.03% 40,700 $852K Add +50.2%
IDXX Idexx Laboratories Inc. 0.03% 1,387 $749K Reduce -40.3%
INTU Intuit Inc. 0.03% 1,064 $692K Reduce -69.8%
AXP American Express Co. 0.02% 2,551 $581K Add +306.2%
HTHT H World Group Ltd.-ADR 0.02% 13,900 $538K Reduce -50.2%
ZTS Zoetis Inc. 0.02% 3,074 $520K Reduce -65.3%
TME Tencent Music Entertainm-ADR 0.02% 43,000 $481K New
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.02% 8,800 $477K No change
JNJ Johnson & Johnson 0.02% 2,973 $470K Reduce -78.5%
KO The Coca-Cola Co. 0.02% 6,978 $427K Reduce -76.4%
NIO Nio Inc. - ADR 0.02% 93,400 $420K Reduce -28.4%
ALL Allstate Corp. 0.01% 2,032 $352K Reduce -91.7%
CAT Caterpillar Inc. 0.01% 876 $321K Add +17.1%
PEP Pepsico Inc. 0.01% 1,320 $231K Reduce -32.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 1,873 $229K Add +81.8%
SHW The Sherwin-Williams Co. 0.01% 621 $216K Add +109.1%
ADP Automatic Data Processing 0.01% 818 $204K No change
AMGN Amgen Inc. 0.01% 713 $203K No change
CNI Canadian Natl Railway Co. 0.01% 1,456 $192K Reduce -25.6%
VZ Verizon Communications Inc. 0.01% 4,433 $186K Add +67.2%
DHR Danaher Corp. 0.01% 661 $165K Reduce -33.3%
ITW Illinois Tool Works 0.01% 593 $159K New
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.01% 1,857 $149K New
BLK BlackRock Finance Inc. 0.01% 169 $141K Add +43.2%
MCO Moody's Corp. 0.01% 355 $140K Reduce -23.7%
ZBH Zimmer Biomet Holdings Inc. 0.01% 1,047 $138K No change
LKQ LKQ Corp. 0.00% 2,392 $128K No change
USB US Bancorp 0.00% 2,683 $120K No change
SCHW Schwab (charles) Corp. 0.00% 1,552 $112K No change
PGR Progressive Corp. 0.00% 538 $111K No change
MELI MercadoLibre Inc. 0.00% 68 $103K No change
MRSH Marsh & McLennan Cos 0.00% 494 $102K Reduce -92.8%
LOW Lowe's Cos Inc. 0.00% 396 $101K New
HUM Humana Inc. 0.00% 289 $100K Reduce -78.9%
CDNS Cadence Design SYS Inc. 0.00% 309 $96K New
AVTR Avantor Inc. 0.00% 3,624 $93K New
ETN Eaton Corp. PLC 0.00% 295 $92K New
MMM 3M Co. 0.00% 866 $92K Reduce -97.3%
URI United Rentals Inc. 0.00% 126 $91K New
NTR Nutrien Ltd. 0.00% 1,643 $89K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.00% 86 $87K New
NOW ServiceNow Inc. 0.00% 104 $79K New
EXPD Expeditors Intl Wash Inc. 0.00% 641 $78K 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2025 197$3.5BNVDA, MSFT, AVGO, PCAR, V
Q1 2025 190$3.4BMSFT, NVDA, AVGO, AMZN, PCAR
Q4 2024 201$3.2BNVDA, MSFT, MRK, GILD, PCAR
Q3 2024 197$3.2BMSFT, NVDA, MRK, GILD, AAPL
Q2 2024 181$3.0BMSFT, NVDA, MRK, GILD, AAPL
Q1 2024 175$2.8BMSFT, NVDA, MRK, META, GILD