MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 11, 2024), MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH reported 197 stock positions worth $3.2 billion. Its top holding was Microsoft (MSFT) at 4.0% of the portfolio, followed by Nvidia (NVDA, 3.8%) and Merck (MRK, 2.8%). Compared with Q2 2024, it opened 27 new positions, sold out of 11, added to 89 and reduced 64. The biggest buy was Paccar (PCAR, shares +131%) and the biggest sale United Parcel Service Class B (UPS, shares −100%).
- Most Recent 13F
- Q2 2025
- Location
- MUNICH, 2M
- CIK
- 0001142433
- Portfolio Value
- $3.2B (Q3 2024)
- SEC Filing
- 0001019056-24-000295 ↗ filed Oct 11, 2024
Holdings Value
Holdings 197 stocks · $3.2B
| MSFT Microsoft Corp. | 3.95% | 292,671 | $125.9M | Reduce -3.6% |
| NVDA Nvidia Corp. | 3.85% | 1,009,434 | $122.6M | Reduce -3.3% |
| MRK Merck & Co. Inc. | 2.77% | 776,920 | $88.2M | Add +2.6% |
| GILD Gilead Sciences Inc. | 2.46% | 933,748 | $78.3M | Reduce -3.1% |
| AAPL Apple Inc. | 2.13% | 291,208 | $67.9M | Reduce -4.7% |
| META Meta Platforms Inc. Class A | 2.11% | 117,314 | $67.2M | Add +0.6% |
| RIO Rio Tinto PLC-Spon ADR | 2.08% | 932,151 | $66.3M | Add +9.8% |
| PFE Pfizer Inc. | 2.08% | 2,286,226 | $66.2M | Add +11.4% |
| PCAR Paccar Inc. | 2.07% | 669,058 | $66.0M | Add +130.5% |
| CVX Chevron Corp. | 2.03% | 439,345 | $64.7M | Add +14.4% |
| UNH Unitedhealth Group Inc. | 2.02% | 110,086 | $64.4M | Reduce -9.5% |
| SRE Sempra | 1.97% | 751,531 | $62.9M | Add +8.5% |
| ATO Atmos Energy Corp. | 1.97% | 453,058 | $62.8M | Add +7.5% |
| AIG American International Group | 1.96% | 853,346 | $62.5M | Add +43.5% |
| CCI Crown Castle Inc. | 1.92% | 516,124 | $61.2M | Reduce -12.5% |
| GLPI Gaming and Leisure Propertie | 1.90% | 1,176,736 | $60.5M | Reduce -6.1% |
| RJF Raymond James Financial Inc. | 1.90% | 493,729 | $60.5M | Add +34.4% |
| LLY Eli Lilly & Co. | 1.80% | 64,775 | $57.4M | Add +2.6% |
| CSCO Cisco Systems Inc. | 1.80% | 1,075,028 | $57.2M | Add +1.0% |
| AMZN Amazon.com Inc. | 1.70% | 290,190 | $54.1M | Add +2.5% |
| ARES Ares Management Corp. Class A | 1.70% | 346,861 | $54.1M | Add +0.8% |
| PPG PPG Industries Inc. | 1.62% | 389,834 | $51.6M | Add +33.8% |
| GOOGL Alphabet Inc. Class A | 1.60% | 306,693 | $50.9M | Reduce -4.0% |
| GLW Corning Inc. | 1.59% | 1,122,858 | $50.7M | Reduce -23.0% |
| PM Philip Morris International | 1.58% | 414,335 | $50.3M | Reduce -29.1% |
| MA Mastercard Inc. Class A | 1.53% | 98,953 | $48.9M | Add +9.4% |
| NXPI NXP Semiconductors NV | 1.52% | 201,266 | $48.3M | Reduce -1.2% |
| MET Metlife Inc. | 1.51% | 584,122 | $48.2M | Reduce -16.8% |
| EMR Emerson Electric Co. | 1.48% | 430,779 | $47.1M | Add +15.0% |
| GOOG Alphabet Inc. Class C | 1.44% | 275,071 | $46.0M | Add +3.1% |
| V Visa Inc. Class A | 1.41% | 163,901 | $45.1M | Add +1.0% |
| ROP Roper Technologies Inc. | 1.41% | 80,518 | $44.8M | Add +4.7% |
| UL Unilever PLC | 1.40% | 686,647 | $44.6M | Reduce -38.4% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.37% | 245,967 | $43.8M | Reduce -17.1% |
| JPM JPMorgan Chase & Co. | 1.36% | 205,193 | $43.3M | Reduce -15.2% |
| KVUE Kenvue Inc. | 1.35% | 1,856,903 | $43.0M | Reduce -14.3% |
| KDP Keurig Dr Pepper Inc. | 1.34% | 1,135,419 | $42.6M | Add +0.8% |
| BKNG Booking Holdings Inc. | 1.31% | 9,930 | $41.8M | Add +2.0% |
| RF Regions Financial Corp. | 1.22% | 1,666,034 | $38.9M | Add +1.9% |
| DB Deutsche Bank AG-Registered | 1.22% | 2,240,124 | $38.7M | Add +24.5% |
| TSCO Tractor Supply Company | 1.13% | 123,810 | $36.0M | Add +12.9% |
| ABBV Abbvie Inc. | 1.07% | 172,566 | $34.1M | Add +2.3% |
| IR Ingersoll-Rand Inc. | 1.05% | 339,319 | $33.3M | Add +13.2% |
| TMUS T-Mobile US Inc. | 1.04% | 159,983 | $33.0M | Add +11.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.03% | 280,266 | $32.9M | Add +3.1% |
| TMO Thermo Fisher Scientific Inc. | 1.00% | 51,595 | $31.9M | Add +1.9% |
| FISV Fiserv Inc. | 1.00% | 176,929 | $31.8M | Add +0.7% |
| CRM Salesforce Inc. | 1.00% | 116,004 | $31.8M | Add +155.4% |
| IQV Iqvia Holdings Inc. | 0.97% | 130,661 | $31.0M | Reduce -2.4% |
| KLAC KLA Corp. | 0.88% | 36,096 | $28.0M | Add +0.6% |
| ANET Arista Networks Inc. | 0.86% | 71,269 | $27.4M | Add +0.0% |
| FERG Ferguson Enterprises Inc. | 0.80% | 129,573 | $25.5M | New |
| COR Cencora Inc. | 0.76% | 107,832 | $24.3M | Reduce -35.0% |
| HWM Howmet Aerospace Inc. | 0.72% | 229,064 | $23.0M | Reduce -9.5% |
| AVGO Broadcom Inc. | 0.56% | 102,866 | $17.7M | Reduce -33.8% |
| VRT Vertiv Holdings Co. Class A | 0.52% | 166,323 | $16.5M | New |
| GEN Gen Digital Inc. | 0.43% | 494,702 | $13.6M | Add +8.2% |
| LOGI Logitech International-Reg | 0.42% | 148,543 | $13.3M | Add +36.6% |
| BMY Bristol-Myers Squibb Co. | 0.41% | 252,423 | $13.1M | Add +339.4% |
| CHRW C.H. Robinson Worldwide Inc. | 0.35% | 101,633 | $11.2M | Reduce -21.2% |
| DAL Delta Air Lines Inc. | 0.34% | 210,416 | $10.7M | Add +9.1% |
| WSM Williams-Sonoma Inc. | 0.32% | 66,134 | $10.2M | Reduce -12.5% |
| HD Home Depot Inc. | 0.31% | 24,692 | $10.0M | Reduce -42.1% |
| IT Gartner Inc. | 0.31% | 19,446 | $9.9M | Reduce -10.5% |
| DOCU Docusign Inc. | 0.29% | 148,314 | $9.2M | Reduce -1.7% |
| HPQ HP Inc. | 0.29% | 254,273 | $9.1M | Reduce -18.3% |
| KMB Kimberly-Clark Corp. | 0.28% | 63,029 | $9.0M | Reduce -11.5% |
| EQH Equitable Holdings Inc. | 0.28% | 212,997 | $9.0M | Add +24.8% |
| CI The Cigna Group | 0.28% | 25,430 | $8.8M | Reduce -3.5% |
| STT State Street Corp. | 0.27% | 97,153 | $8.6M | Reduce -3.3% |
| PYPL PayPal Holdings Inc. | 0.27% | 108,719 | $8.5M | New |
| FIS Fidelity National Info Serv | 0.26% | 99,060 | $8.3M | Add +0.7% |
| PG The Procter & Gamble Co. | 0.26% | 47,719 | $8.3M | Reduce -3.6% |
| INFY Infosys Ltd.-SP ADR | 0.24% | 347,420 | $7.7M | Add +20.3% |
| MOH Molina Healthcare Inc. | 0.24% | 21,996 | $7.6M | Add +406.6% |
| PDD PDD Holdings Inc. | 0.23% | 54,518 | $7.3M | Reduce -27.2% |
| CCEP Coca-Cola Europacific Partne | 0.23% | 91,263 | $7.2M | Add +31.7% |
| BBY Best Buy Co. Inc. | 0.22% | 68,379 | $7.1M | Reduce -13.7% |
| CHTR Charter Communications Inc. Class A | 0.22% | 21,787 | $7.1M | New |
| HPE Hewlett Packard Enterprise | 0.21% | 319,393 | $6.5M | Add +264.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.20% | 35,948 | $6.2M | Add +8.0% |
| SNPS Synopsys Inc. | 0.19% | 11,948 | $6.1M | New |
| MPC Marathon Petroleum Corp. | 0.17% | 33,391 | $5.4M | Add +14.7% |
| DKS Dick's Sporting Goods Inc. | 0.17% | 25,257 | $5.3M | Add +29.9% |
| DVA Davita Inc. | 0.16% | 30,963 | $5.1M | Reduce -5.8% |
| TGT Target Corp. | 0.15% | 30,638 | $4.8M | Add +628.4% |
| CMCSA Comcast Corp. Class A | 0.14% | 110,417 | $4.6M | Reduce -32.5% |
| NTAP Netapp Inc. | 0.14% | 36,744 | $4.5M | Add +204.4% |
| GXO Gxo Logistics Inc. | 0.14% | 84,170 | $4.4M | No change |
| LII Lennox International Inc. | 0.14% | 7,220 | $4.4M | Add +48.6% |
| VLO Valero Energy Corp. | 0.14% | 31,993 | $4.3M | Reduce -51.2% |
| JNJ Johnson & Johnson | 0.13% | 26,426 | $4.3M | Add +543.8% |
| KR Kroger Co. | 0.12% | 68,850 | $3.9M | Reduce -6.2% |
| HIG Hartford Insurance Group Inc. | 0.12% | 32,988 | $3.9M | Add +4.6% |
| LPLA LPL Financial Holdings Inc. | 0.12% | 15,801 | $3.7M | Add +314.0% |
| TWLO Twilio Inc. Class A | 0.11% | 53,692 | $3.5M | Reduce -48.7% |
| DINO HF Sinclair Corp. | 0.10% | 73,268 | $3.3M | Reduce -27.6% |
| PANW Palo Alto Networks Inc. | 0.10% | 9,283 | $3.2M | Add +38.5% |
| ELV Elevance Health Inc. | 0.10% | 5,960 | $3.1M | Reduce -39.8% |
| NOW ServiceNow Inc. | 0.10% | 3,409 | $3.0M | Add +1929.2% |
Portfolio Sells Q2 2024 → Q3 2024
| UPS United Parcel Service Class B | Reduce -99.7% | 0.01% | −1.60 |
| EXC Exelon Corp. | Sold out | 0.00% | −1.40 |
| UL Unilever PLC | Reduce -38.4% | 1.40% | −0.64 |
| MSFT Microsoft Corp. | Reduce -3.6% | 3.95% | −0.55 |
| COR Cencora Inc. | Reduce -35.0% | 0.76% | −0.48 |
| NVDA Nvidia Corp. | Reduce -3.3% | 3.85% | −0.44 |
| PM Philip Morris International | Reduce -29.1% | 1.58% | −0.39 |
| GOOGL Alphabet Inc. Class A | Reduce -4.0% | 1.60% | −0.34 |
| NXPI NXP Semiconductors NV | Reduce -1.2% | 1.52% | −0.30 |
| GLW Corning Inc. | Reduce -23.0% | 1.59% | −0.29 |
| CLX Clorox Company | Sold out | 0.00% | −0.28 |
| AVGO Broadcom Inc. | Reduce -33.8% | 0.56% | −0.27 |
| JPM JPMorgan Chase & Co. | Reduce -15.2% | 1.36% | −0.27 |
| VLO Valero Energy Corp. | Reduce -51.2% | 0.14% | −0.21 |
| SYF Synchrony Financial | Reduce -82.0% | 0.04% | −0.18 |
| FMC FMC Corp. | Sold out | 0.00% | −0.18 |
| HD Home Depot Inc. | Reduce -42.1% | 0.31% | −0.17 |
| MET Metlife Inc. | Reduce -16.8% | 1.51% | −0.12 |
| MTB M & T Bank Corp. | Reduce -17.1% | 1.37% | −0.12 |
| UNP Union Pacific Corp. | Reduce -55.5% | 0.09% | −0.11 |
| PDD PDD Holdings Inc. | Reduce -27.2% | 0.23% | −0.10 |
| TWLO Twilio Inc. Class A | Reduce -48.7% | 0.11% | −0.09 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.08 |
| AWK American Water Works Co. Inc. | Reduce -52.9% | 0.08% | −0.08 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.08 |
| ELV Elevance Health Inc. | Reduce -39.8% | 0.10% | −0.08 |
| DINO HF Sinclair Corp. | Reduce -27.6% | 0.10% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -61.0% | 0.04% | −0.08 |
| HPQ HP Inc. | Reduce -18.3% | 0.29% | −0.08 |
| TD Toronto-Dominion Bank | Reduce -91.7% | 0.01% | −0.07 |
| CSX CSX Corp. | Reduce -45.1% | 0.08% | −0.07 |
| ALGN Align Technology Inc. | Reduce -95.6% | 0.00% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -32.5% | 0.14% | −0.07 |
| IP International Paper Co. | Sold out | 0.00% | −0.06 |
| ZS Zscaler Inc. | Reduce -53.9% | 0.04% | −0.06 |
| TRI Thomson Reuters Corp. | Reduce -76.4% | 0.02% | −0.06 |
| DHI D.R. Horton Inc. | Reduce -93.6% | 0.01% | −0.06 |
| STLD Steel Dynamics Inc. | Reduce -90.2% | 0.00% | −0.05 |
| KMB Kimberly-Clark Corp. | Reduce -11.5% | 0.28% | −0.05 |
| OC Owens Corning | Reduce -29.8% | 0.09% | −0.04 |
| AVTR Avantor Inc. | Reduce -81.1% | 0.01% | −0.04 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -9.5% | 2.02% | −0.04 |
| LRCX Lam Research Corp. | Reduce -54.3% | 0.02% | −0.03 |
| WSM Williams-Sonoma Inc. | Reduce -12.5% | 0.32% | −0.03 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.03 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -21.2% | 0.35% | −0.03 |
| CFG Citizens Financial Group | Reduce -28.1% | 0.08% | −0.02 |
| IFF Intl Flavors & Fragrances | Reduce -27.2% | 0.07% | −0.02 |
| AXP American Express Co. | Reduce -42.4% | 0.04% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| PCAR Paccar Inc. | Add +130.5% | 2.07% | +1.08 |
| FERG Ferguson Enterprises Inc. | New | 0.80% | +0.80 |
| CRM Salesforce Inc. | Add +155.4% | 1.00% | +0.61 |
| VRT Vertiv Holdings Co. Class A | New | 0.52% | +0.52 |
| AIG American International Group | Add +43.5% | 1.96% | +0.49 |
| PPG PPG Industries Inc. | Add +33.8% | 1.62% | +0.40 |
| RJF Raymond James Financial Inc. | Add +34.4% | 1.90% | +0.39 |
| ATO Atmos Energy Corp. | Add +7.5% | 1.97% | +0.34 |
| BMY Bristol-Myers Squibb Co. | Add +339.4% | 0.41% | +0.33 |
| PYPL PayPal Holdings Inc. | New | 0.27% | +0.27 |
| DB Deutsche Bank AG-Registered | Add +24.5% | 1.22% | +0.26 |
| RIO Rio Tinto PLC-Spon ADR | Add +9.8% | 2.08% | +0.22 |
| SRE Sempra | Add +8.5% | 1.97% | +0.22 |
| CHTR Charter Communications Inc. Class A | New | 0.22% | +0.22 |
| MA Mastercard Inc. Class A | Add +9.4% | 1.53% | +0.21 |
| MOH Molina Healthcare Inc. | Add +406.6% | 0.24% | +0.20 |
| TMUS T-Mobile US Inc. | Add +11.2% | 1.04% | +0.19 |
| SNPS Synopsys Inc. | New | 0.19% | +0.19 |
| ARES Ares Management Corp. Class A | Add +0.8% | 1.70% | +0.17 |
| PFE Pfizer Inc. | Add +11.4% | 2.08% | +0.17 |
| META Meta Platforms Inc. Class A | Add +0.6% | 2.11% | +0.15 |
| TSCO Tractor Supply Company | Add +12.9% | 1.13% | +0.15 |
| HPE Hewlett Packard Enterprise | Add +264.8% | 0.21% | +0.14 |
| IR Ingersoll-Rand Inc. | Add +13.2% | 1.05% | +0.14 |
| RF Regions Financial Corp. | Add +1.9% | 1.22% | +0.13 |
| TGT Target Corp. | Add +628.4% | 0.15% | +0.13 |
| FISV Fiserv Inc. | Add +0.7% | 1.00% | +0.13 |
| CSCO Cisco Systems Inc. | Add +1.0% | 1.80% | +0.12 |
| JNJ Johnson & Johnson | Add +543.8% | 0.13% | +0.11 |
| ABBV Abbvie Inc. | Add +2.3% | 1.07% | +0.11 |
| EMR Emerson Electric Co. | Add +15.0% | 1.48% | +0.11 |
| NOW ServiceNow Inc. | Add +1929.2% | 0.10% | +0.09 |
| NTAP Netapp Inc. | Add +204.4% | 0.14% | +0.09 |
| KDP Keurig Dr Pepper Inc. | Add +0.8% | 1.34% | +0.09 |
| LPLA LPL Financial Holdings Inc. | Add +314.0% | 0.12% | +0.08 |
| EBAY eBay Inc. | Add +326.7% | 0.09% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +1.9% | 1.00% | +0.07 |
| LOGI Logitech International-Reg | Add +36.6% | 0.42% | +0.07 |
| INFY Infosys Ltd.-SP ADR | Add +20.3% | 0.24% | +0.06 |
| AFL Aflac Inc. | New | 0.06% | +0.06 |
| CMI Cummins Inc. | New | 0.06% | +0.06 |
| PSX Phillips 66 | Add +1075.7% | 0.06% | +0.06 |
| CCEP Coca-Cola Europacific Partne | Add +31.7% | 0.23% | +0.06 |
| PNC PNC Financial Services Group | Add +1644.8% | 0.06% | +0.06 |
| LII Lennox International Inc. | Add +48.6% | 0.14% | +0.05 |
| EQH Equitable Holdings Inc. | Add +24.8% | 0.28% | +0.05 |
| GEN Gen Digital Inc. | Add +8.2% | 0.43% | +0.05 |
| MCD McDonald's Corp. | New | 0.05% | +0.05 |
| DECK Deckers Outdoor Corp. | Add +122.4% | 0.08% | +0.04 |
| EXPD Expeditors Intl Wash Inc. | Add +1027.3% | 0.05% | +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 |