MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 1, 2024), MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH reported 181 stock positions worth $3.0 billion. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by Nvidia (NVDA, 4.3%) and Merck (MRK, 3.1%). Compared with Q1 2024, it opened 26 new positions, sold out of 20, added to 62 and reduced 62. The biggest buy was a new position in Keurig Dr Pepper (KDP) and the biggest sale Adobe (ADBE, shares −92%).
- Most Recent 13F
- Q2 2025
- Location
- MUNICH, 2M
- CIK
- 0001142433
- Portfolio Value
- $3.0B (Q2 2024)
- SEC Filing
- 0001019056-24-000217 ↗ filed Aug 1, 2024
Holdings Value
Holdings 181 stocks · $3.0B
| MSFT Microsoft Corp. | 4.51% | 303,566 | $135.7M | Add +4.8% |
| NVDA Nvidia Corp. | 4.28% | 1,044,221 | $129.0M | Reduce -13.0% |
| MRK Merck & Co. Inc. | 3.11% | 757,241 | $93.7M | Add +2.1% |
| GILD Gilead Sciences Inc. | 2.20% | 964,066 | $66.1M | Add +9.9% |
| AAPL Apple Inc. | 2.14% | 305,581 | $64.4M | Add +61.4% |
| UNH Unitedhealth Group Inc. | 2.06% | 121,585 | $61.9M | Add +1.6% |
| UL Unilever PLC | 2.04% | 1,115,236 | $61.3M | Reduce -8.2% |
| CVX Chevron Corp. | 2.00% | 383,995 | $60.1M | No change |
| PM Philip Morris International | 1.97% | 584,545 | $59.2M | Reduce -11.7% |
| META Meta Platforms Inc. Class A | 1.95% | 116,653 | $58.8M | Reduce -11.9% |
| GOOGL Alphabet Inc. Class A | 1.93% | 319,647 | $58.2M | Add +22.1% |
| CCI Crown Castle Inc. | 1.91% | 589,838 | $57.6M | Add +22.5% |
| PFE Pfizer Inc. | 1.91% | 2,052,326 | $57.4M | No change |
| LLY Eli Lilly & Co. | 1.90% | 63,161 | $57.2M | Add +8.3% |
| GLW Corning Inc. | 1.88% | 1,459,032 | $56.7M | Reduce -14.2% |
| GLPI Gaming and Leisure Propertie | 1.88% | 1,253,384 | $56.7M | No change |
| RIO Rio Tinto PLC-Spon ADR | 1.86% | 848,582 | $55.9M | Reduce -13.3% |
| NXPI NXP Semiconductors NV | 1.82% | 203,694 | $54.8M | Add +7.1% |
| AMZN Amazon.com Inc. | 1.82% | 283,125 | $54.7M | Add +98.7% |
| SRE Sempra | 1.75% | 692,396 | $52.7M | No change |
| CSCO Cisco Systems Inc. | 1.68% | 1,064,092 | $50.6M | No change |
| MET Metlife Inc. | 1.64% | 701,999 | $49.3M | Reduce -9.0% |
| ATO Atmos Energy Corp. | 1.63% | 421,344 | $49.1M | No change |
| GOOG Alphabet Inc. Class C | 1.63% | 266,801 | $48.9M | Add +13.8% |
| JPM JPMorgan Chase & Co. | 1.62% | 241,818 | $48.9M | Add +11.6% |
| UPS United Parcel Service Class B | 1.61% | 354,137 | $48.5M | Add +11.7% |
| ARES Ares Management Corp. Class A | 1.52% | 344,255 | $45.9M | No change |
| RJF Raymond James Financial Inc. | 1.51% | 367,292 | $45.4M | Reduce -12.7% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.49% | 296,616 | $44.9M | No change |
| AIG American International Group | 1.47% | 594,793 | $44.2M | No change |
| ROP Roper Technologies Inc. | 1.44% | 76,884 | $43.3M | Add +11.6% |
| V Visa Inc. Class A | 1.42% | 162,326 | $42.6M | Add +44.5% |
| EXC Exelon Corp. | 1.40% | 1,219,088 | $42.2M | No change |
| EMR Emerson Electric Co. | 1.37% | 374,592 | $41.3M | Reduce -11.1% |
| MA Mastercard Inc. Class A | 1.32% | 90,424 | $39.9M | Add +18.8% |
| KVUE Kenvue Inc. | 1.31% | 2,167,199 | $39.4M | Reduce -12.7% |
| BKNG Booking Holdings Inc. | 1.28% | 9,739 | $38.6M | Add +13.7% |
| KDP Keurig Dr Pepper Inc. | 1.25% | 1,127,022 | $37.6M | New |
| COR Cencora Inc. | 1.24% | 165,951 | $37.4M | Add +208.1% |
| PPG PPG Industries Inc. | 1.22% | 291,360 | $36.7M | Add +36.0% |
| RF Regions Financial Corp. | 1.09% | 1,634,399 | $32.8M | Add +1.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.99% | 271,855 | $29.9M | Add +4.7% |
| PCAR Paccar Inc. | 0.99% | 290,248 | $29.9M | New |
| TSCO Tractor Supply Company | 0.98% | 109,627 | $29.6M | Reduce -4.1% |
| KLAC KLA Corp. | 0.98% | 35,872 | $29.6M | Add +26.6% |
| ABBV Abbvie Inc. | 0.96% | 168,664 | $28.9M | Add +85.6% |
| DB Deutsche Bank AG-Registered | 0.95% | 1,799,611 | $28.8M | Add +11.1% |
| IQV Iqvia Holdings Inc. | 0.94% | 133,836 | $28.3M | New |
| TMO Thermo Fisher Scientific Inc. | 0.93% | 50,626 | $28.0M | Add +110.5% |
| IR Ingersoll-Rand Inc. | 0.90% | 299,668 | $27.2M | Add +13.1% |
| FISV Fiserv Inc. | 0.87% | 175,739 | $26.2M | Add +17.7% |
| TMUS T-Mobile US Inc. | 0.84% | 143,898 | $25.4M | Add +26.0% |
| ANET Arista Networks Inc. | 0.83% | 71,248 | $25.0M | Add +53.0% |
| AVGO Broadcom Inc. | 0.83% | 15,536 | $24.9M | Reduce -41.3% |
| HWM Howmet Aerospace Inc. | 0.65% | 253,083 | $19.6M | Reduce -39.8% |
| HD Home Depot Inc. | 0.49% | 42,656 | $14.7M | Add +16.3% |
| CRM Salesforce Inc. | 0.39% | 45,424 | $11.7M | Reduce -26.5% |
| GEN Gen Digital Inc. | 0.38% | 457,318 | $11.4M | New |
| CHRW C.H. Robinson Worldwide Inc. | 0.38% | 128,909 | $11.4M | New |
| HPQ HP Inc. | 0.36% | 311,315 | $10.9M | Add +145.5% |
| WSM Williams-Sonoma Inc. | 0.35% | 37,789 | $10.7M | New |
| LOGI Logitech International-Reg | 0.35% | 108,751 | $10.5M | Reduce -39.6% |
| VLO Valero Energy Corp. | 0.34% | 65,607 | $10.3M | Add +20.7% |
| PDD PDD Holdings Inc. | 0.33% | 74,909 | $10.0M | Reduce -40.9% |
| KMB Kimberly-Clark Corp. | 0.33% | 71,238 | $9.8M | Add +129.8% |
| IT Gartner Inc. | 0.32% | 21,725 | $9.8M | Add +956.7% |
| DAL Delta Air Lines Inc. | 0.30% | 192,859 | $9.1M | Reduce -2.3% |
| CI The Cigna Group | 0.29% | 26,347 | $8.7M | Add +66.8% |
| CLX Clorox Company | 0.28% | 60,871 | $8.3M | Add +1.1% |
| PG The Procter & Gamble Co. | 0.27% | 49,499 | $8.2M | Reduce -1.0% |
| DOCU Docusign Inc. | 0.27% | 150,929 | $8.1M | Add +33.3% |
| STT State Street Corp. | 0.25% | 100,447 | $7.4M | Add +559.6% |
| FIS Fidelity National Info Serv | 0.25% | 98,425 | $7.4M | Add +354.0% |
| EQH Equitable Holdings Inc. | 0.23% | 170,668 | $7.0M | Reduce -11.7% |
| BBY Best Buy Co. Inc. | 0.22% | 79,189 | $6.7M | Add +20.2% |
| SYF Synchrony Financial | 0.22% | 140,845 | $6.6M | Reduce -36.4% |
| CMCSA Comcast Corp. Class A | 0.21% | 163,560 | $6.4M | Add +12.5% |
| TWLO Twilio Inc. Class A | 0.20% | 104,730 | $5.9M | Add +71.9% |
| UNP Union Pacific Corp. | 0.19% | 25,909 | $5.9M | Add +8.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.19% | 33,287 | $5.8M | Add +23.1% |
| DINO HF Sinclair Corp. | 0.18% | 101,220 | $5.4M | No change |
| INFY Infosys Ltd.-SP ADR | 0.18% | 288,787 | $5.4M | Reduce -15.8% |
| ELV Elevance Health Inc. | 0.18% | 9,894 | $5.4M | Reduce -16.9% |
| FMC FMC Corp. | 0.18% | 92,250 | $5.3M | New |
| CCEP Coca-Cola Europacific Partne | 0.17% | 69,278 | $5.1M | Reduce -14.9% |
| MPC Marathon Petroleum Corp. | 0.17% | 29,121 | $5.1M | Reduce -16.2% |
| AWK American Water Works Co. Inc. | 0.17% | 38,898 | $5.0M | New |
| DVA Davita Inc. | 0.15% | 32,862 | $4.6M | Reduce -16.2% |
| CSX CSX Corp. | 0.15% | 133,572 | $4.5M | Add +6.1% |
| GXO Gxo Logistics Inc. | 0.14% | 84,170 | $4.3M | No change |
| DKS Dick's Sporting Goods Inc. | 0.14% | 19,448 | $4.2M | New |
| OC Owens Corning | 0.14% | 23,746 | $4.1M | Add +11.0% |
| KR Kroger Co. | 0.12% | 73,413 | $3.7M | Reduce -3.9% |
| AMAT Applied Materials Inc. | 0.11% | 14,254 | $3.4M | Reduce -16.9% |
| HIG Hartford Insurance Group Inc. | 0.11% | 31,549 | $3.2M | Reduce -49.8% |
| CFG Citizens Financial Group | 0.10% | 86,535 | $3.1M | Add +202.8% |
| ZS Zscaler Inc. | 0.09% | 14,793 | $2.8M | New |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.09% | 29,684 | $2.8M | New |
| HDB HDFC Bank Ltd.-ADR | 0.09% | 40,481 | $2.6M | Add +17.3% |
| LII Lennox International Inc. | 0.09% | 4,860 | $2.6M | Add +139.6% |
Portfolio Sells Q1 2024 → Q2 2024
| ADBE Adobe Inc. | Reduce -92.5% | 0.08% | −0.92 |
| KVUE Kenvue Inc. | Reduce -12.7% | 1.31% | −0.62 |
| MRVL Marvell Technology Inc. | Reduce -99.3% | 0.00% | −0.48 |
| NKE Nike Inc. Class B | Reduce -98.8% | 0.00% | −0.46 |
| RJF Raymond James Financial Inc. | Reduce -12.7% | 1.51% | −0.45 |
| AVGO Broadcom Inc. | Reduce -41.3% | 0.83% | −0.44 |
| MET Metlife Inc. | Reduce -9.0% | 1.64% | −0.43 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -13.3% | 1.86% | −0.40 |
| HWM Howmet Aerospace Inc. | Reduce -39.8% | 0.65% | −0.39 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.37 |
| META Meta Platforms Inc. Class A | Reduce -11.9% | 1.95% | −0.37 |
| EMR Emerson Electric Co. | Reduce -11.1% | 1.37% | −0.36 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.30 |
| CRM Salesforce Inc. | Reduce -26.5% | 0.39% | −0.29 |
| ACN Accenture PLC Class A | Reduce -95.8% | 0.01% | −0.25 |
| LOGI Logitech International-Reg | Reduce -39.6% | 0.35% | −0.23 |
| PM Philip Morris International | Reduce -11.7% | 1.97% | −0.23 |
| PDD PDD Holdings Inc. | Reduce -40.9% | 0.33% | −0.20 |
| ADSK Autodesk Inc. | Reduce -96.7% | 0.01% | −0.20 |
| PSX Phillips 66 | Reduce -95.8% | 0.01% | −0.18 |
| UL Unilever PLC | Reduce -8.2% | 2.04% | −0.17 |
| IP International Paper Co. | Reduce -72.3% | 0.06% | −0.16 |
| WFG West Fraser Timber Co. Ltd. | Reduce -55.5% | 0.08% | −0.15 |
| GLW Corning Inc. | Reduce -14.2% | 1.88% | −0.15 |
| STLD Steel Dynamics Inc. | Reduce -67.1% | 0.05% | −0.14 |
| TGT Target Corp. | Reduce -82.8% | 0.02% | −0.14 |
| LNG Cheniere Energy Inc. | Reduce -96.2% | 0.01% | −0.13 |
| KMX Carmax Inc. | Reduce -96.2% | 0.00% | −0.13 |
| HIG Hartford Insurance Group Inc. | Reduce -49.8% | 0.11% | −0.13 |
| EBAY eBay Inc. | Reduce -86.0% | 0.02% | −0.13 |
| SYF Synchrony Financial | Reduce -36.4% | 0.22% | −0.12 |
| ULTA Ulta Beauty Inc. | Reduce -96.0% | 0.00% | −0.11 |
| TSCO Tractor Supply Company | Reduce -4.1% | 0.98% | −0.10 |
| LH Labcorp Holdings Inc. | Reduce -70.7% | 0.03% | −0.09 |
| MPC Marathon Petroleum Corp. | Reduce -16.2% | 0.17% | −0.09 |
| HPE Hewlett Packard Enterprise | Reduce -61.2% | 0.06% | −0.08 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.08 |
| LRCX Lam Research Corp. | Reduce -61.3% | 0.05% | −0.08 |
| BNS Bank of Nova Scotia | Reduce -95.2% | 0.00% | −0.08 |
| HCA HCA Healthcare Inc. | Reduce -78.8% | 0.02% | −0.08 |
| WAT Waters Corp. | Sold out | 0.00% | −0.07 |
| LEA Lear Corp. | Sold out | 0.00% | −0.07 |
| IBM Intl Business Machines Corp. | Reduce -90.8% | 0.01% | −0.07 |
| INTC Intel Corp. | Reduce -18.1% | 0.07% | −0.07 |
| PNC PNC Financial Services Group | Reduce -95.0% | 0.00% | −0.06 |
| RBA RB Global Inc. | Sold out | 0.00% | −0.06 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.06 |
| WY Weyerhaeuser Co. | Reduce -87.2% | 0.01% | −0.06 |
| TFC Truist Financial Corp. | Reduce -90.0% | 0.01% | −0.05 |
| ELV Elevance Health Inc. | Reduce -16.9% | 0.18% | −0.05 |
Portfolio Buys Q1 2024 → Q2 2024
| KDP Keurig Dr Pepper Inc. | New | 1.25% | +1.25 |
| PCAR Paccar Inc. | New | 0.99% | +0.99 |
| AAPL Apple Inc. | Add +61.4% | 2.14% | +0.96 |
| IQV Iqvia Holdings Inc. | New | 0.94% | +0.94 |
| AMZN Amazon.com Inc. | Add +98.7% | 1.82% | +0.89 |
| COR Cencora Inc. | Add +208.1% | 1.24% | +0.77 |
| GOOGL Alphabet Inc. Class A | Add +22.1% | 1.93% | +0.50 |
| TMO Thermo Fisher Scientific Inc. | Add +110.5% | 0.93% | +0.42 |
| GEN Gen Digital Inc. | New | 0.38% | +0.38 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.38% | +0.38 |
| ABBV Abbvie Inc. | Add +85.6% | 0.96% | +0.36 |
| WSM Williams-Sonoma Inc. | New | 0.35% | +0.35 |
| ANET Arista Networks Inc. | Add +53.0% | 0.83% | +0.34 |
| GOOG Alphabet Inc. Class C | Add +13.8% | 1.63% | +0.33 |
| IT Gartner Inc. | Add +956.7% | 0.32% | +0.29 |
| V Visa Inc. Class A | Add +44.5% | 1.42% | +0.28 |
| KLAC KLA Corp. | Add +26.6% | 0.98% | +0.27 |
| LLY Eli Lilly & Co. | Add +8.3% | 1.90% | +0.26 |
| HPQ HP Inc. | Add +145.5% | 0.36% | +0.22 |
| STT State Street Corp. | Add +559.6% | 0.25% | +0.20 |
| FIS Fidelity National Info Serv | Add +354.0% | 0.25% | +0.19 |
| KMB Kimberly-Clark Corp. | Add +129.8% | 0.33% | +0.18 |
| FMC FMC Corp. | New | 0.18% | +0.18 |
| TMUS T-Mobile US Inc. | Add +26.0% | 0.84% | +0.17 |
| AWK American Water Works Co. Inc. | New | 0.17% | +0.17 |
| BKNG Booking Holdings Inc. | Add +13.7% | 1.28% | +0.16 |
| DKS Dick's Sporting Goods Inc. | New | 0.14% | +0.14 |
| NXPI NXP Semiconductors NV | Add +7.1% | 1.82% | +0.12 |
| MSFT Microsoft Corp. | Add +4.8% | 4.51% | +0.10 |
| PPG PPG Industries Inc. | Add +36.0% | 1.22% | +0.10 |
| ZS Zscaler Inc. | New | 0.09% | +0.09 |
| IFF Intl Flavors & Fragrances | New | 0.09% | +0.09 |
| CI The Cigna Group | Add +66.8% | 0.29% | +0.08 |
| DOC Healthpeak Properties Inc. | New | 0.08% | +0.08 |
| PANW Palo Alto Networks Inc. | New | 0.08% | +0.08 |
| ALGN Align Technology Inc. | New | 0.07% | +0.07 |
| CCI Crown Castle Inc. | Add +22.5% | 1.91% | +0.07 |
| CFG Citizens Financial Group | Add +202.8% | 0.10% | +0.07 |
| TWLO Twilio Inc. Class A | Add +71.9% | 0.20% | +0.06 |
| DHI D.R. Horton Inc. | New | 0.06% | +0.06 |
| KEY Keycorp | New | 0.06% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.1% | 0.19% | +0.06 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.06% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +11.6% | 1.62% | +0.05 |
| AVTR Avantor Inc. | Add +2103.5% | 0.06% | +0.05 |
| LII Lennox International Inc. | Add +139.6% | 0.09% | +0.05 |
| MOH Molina Healthcare Inc. | New | 0.04% | +0.04 |
| TJX TJX Companies Inc. | Add +4.7% | 0.99% | +0.04 |
| DECK Deckers Outdoor Corp. | New | 0.04% | +0.04 |
| AXP American Express Co. | Add +210.3% | 0.06% | +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 |