MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH reported 201 stock positions worth $3.2 billion. Its top holding was Nvidia (NVDA) at 4.4% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Merck (MRK, 3.3%). Compared with Q3 2024, it opened 10 new positions, sold out of 6, added to 60 and reduced 57. The biggest buy was Elevance Health (ELV, shares +2232%) and the biggest sale an exit from Corning (GLW).
- Most Recent 13F
- Q2 2025
- Location
- MUNICH, 2M
- CIK
- 0001142433
- Portfolio Value
- $3.2B (Q4 2024)
- SEC Filing
- 0001019056-25-000020 ↗ filed Jan 21, 2025
Holdings Value
Holdings 201 stocks · $3.2B
| NVDA Nvidia Corp. | 4.39% | 1,010,669 | $139.0M | Add +0.1% |
| MSFT Microsoft Corp. | 3.87% | 288,121 | $122.4M | Reduce -1.6% |
| MRK Merck & Co. Inc. | 3.27% | 1,051,976 | $103.5M | Add +35.4% |
| GILD Gilead Sciences Inc. | 2.58% | 887,915 | $81.7M | Reduce -4.9% |
| PCAR Paccar Inc. | 2.26% | 690,665 | $71.6M | Add +3.2% |
| AMZN Amazon.com Inc. | 2.18% | 311,524 | $68.9M | Add +7.3% |
| PFE Pfizer Inc. | 2.05% | 2,458,828 | $65.0M | Add +7.5% |
| AIG American International Group | 2.04% | 889,914 | $64.6M | Add +4.3% |
| GOOGL Alphabet Inc. Class A | 2.00% | 330,637 | $63.2M | Add +7.8% |
| CVX Chevron Corp. | 1.99% | 439,345 | $62.9M | No change |
| META Meta Platforms Inc. Class A | 1.96% | 105,209 | $62.2M | Reduce -10.3% |
| AAPL Apple Inc. | 1.95% | 244,389 | $61.6M | Reduce -16.1% |
| BKNG Booking Holdings Inc. | 1.88% | 11,913 | $59.5M | Add +20.0% |
| GLPI Gaming and Leisure Propertie | 1.88% | 1,244,056 | $59.4M | Add +5.7% |
| RJF Raymond James Financial Inc. | 1.84% | 374,068 | $58.1M | Reduce -24.2% |
| SRE Sempra | 1.81% | 657,397 | $57.4M | Reduce -12.5% |
| ATO Atmos Energy Corp. | 1.81% | 412,195 | $57.3M | Reduce -9.0% |
| CSCO Cisco Systems Inc. | 1.79% | 956,918 | $56.6M | Reduce -11.0% |
| UNH Unitedhealth Group Inc. | 1.77% | 110,086 | $55.9M | No change |
| LLY Eli Lilly & Co. | 1.72% | 70,161 | $54.3M | Add +8.3% |
| V Visa Inc. Class A | 1.71% | 171,556 | $54.1M | Add +4.7% |
| EMR Emerson Electric Co. | 1.69% | 430,779 | $53.5M | No change |
| MA Mastercard Inc. Class A | 1.68% | 101,240 | $53.2M | Add +2.3% |
| GOOG Alphabet Inc. Class C | 1.66% | 272,181 | $52.4M | Reduce -1.1% |
| ELV Elevance Health Inc. | 1.62% | 139,010 | $51.3M | Add +2232.4% |
| CCI Crown Castle Inc. | 1.57% | 551,881 | $49.5M | Add +6.9% |
| PPG PPG Industries Inc. | 1.56% | 415,861 | $49.5M | Add +6.7% |
| ARES Ares Management Corp. Class A | 1.54% | 271,510 | $48.6M | Reduce -21.7% |
| CRM Salesforce Inc. | 1.52% | 143,216 | $48.1M | Add +23.5% |
| KDP Keurig Dr Pepper Inc. | 1.51% | 1,498,610 | $47.9M | Add +32.0% |
| JPM JPMorgan Chase & Co. | 1.39% | 184,042 | $44.0M | Reduce -10.3% |
| ROP Roper Technologies Inc. | 1.35% | 81,918 | $42.6M | Add +1.7% |
| RIO Rio Tinto PLC-Spon ADR | 1.34% | 721,694 | $42.3M | Reduce -22.6% |
| NXPI NXP Semiconductors NV | 1.32% | 201,266 | $41.8M | No change |
| AVGO Broadcom Inc. | 1.27% | 170,275 | $40.1M | Add +65.5% |
| DB Deutsche Bank AG-Registered | 1.25% | 2,286,316 | $39.5M | Add +2.1% |
| UL Unilever PLC | 1.23% | 686,647 | $39.0M | No change |
| PM Philip Morris International | 1.23% | 324,599 | $39.0M | Reduce -21.7% |
| ANET Arista Networks Inc. | 1.22% | 347,374 | $38.7M | Add +21.9% |
| RF Regions Financial Corp. | 1.21% | 1,622,050 | $38.4M | Reduce -2.6% |
| TSCO Tractor Supply Company | 1.19% | 717,855 | $37.8M | Add +16.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.19% | 855,529 | $37.6M | New |
| FISV Fiserv Inc. | 1.17% | 180,029 | $37.1M | Add +1.8% |
| TMUS T-Mobile US Inc. | 1.12% | 159,983 | $35.3M | No change |
| LULU Lululemon Athletica Inc. | 1.10% | 90,882 | $34.9M | Add +26708.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.10% | 287,416 | $34.8M | Add +2.5% |
| KVUE Kenvue Inc. | 1.09% | 1,632,584 | $34.6M | Reduce -12.1% |
| HWM Howmet Aerospace Inc. | 1.04% | 299,377 | $33.0M | Add +30.7% |
| MET Metlife Inc. | 1.04% | 403,664 | $32.9M | Reduce -30.9% |
| IR Ingersoll-Rand Inc. | 0.99% | 347,772 | $31.5M | Add +2.5% |
| ABBV Abbvie Inc. | 0.98% | 175,347 | $30.9M | Add +1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.85% | 51,581 | $26.8M | Reduce -0.0% |
| KLAC KLA Corp. | 0.79% | 39,252 | $24.9M | Add +8.7% |
| COR Cencora Inc. | 0.63% | 88,167 | $19.8M | Reduce -18.2% |
| HD Home Depot Inc. | 0.50% | 40,397 | $15.7M | Add +63.6% |
| LOGI Logitech International-Reg | 0.40% | 152,912 | $12.7M | Add +2.9% |
| GEN Gen Digital Inc. | 0.39% | 449,365 | $12.3M | Reduce -9.2% |
| VRT Vertiv Holdings Co. Class A | 0.39% | 105,835 | $12.3M | Reduce -36.4% |
| EQH Equitable Holdings Inc. | 0.35% | 236,247 | $11.1M | Add +10.9% |
| BMY Bristol-Myers Squibb Co. | 0.34% | 191,295 | $10.7M | Reduce -24.2% |
| SNPS Synopsys Inc. | 0.33% | 21,305 | $10.4M | Add +78.3% |
| IT Gartner Inc. | 0.32% | 20,773 | $10.1M | Add +6.8% |
| DAL Delta Air Lines Inc. | 0.32% | 165,207 | $10.0M | Reduce -21.5% |
| STT State Street Corp. | 0.27% | 85,922 | $8.4M | Reduce -11.6% |
| PG The Procter & Gamble Co. | 0.25% | 47,719 | $8.0M | No change |
| CHRW C.H. Robinson Worldwide Inc. | 0.25% | 76,920 | $8.0M | Reduce -24.3% |
| HPQ HP Inc. | 0.25% | 238,739 | $7.8M | Reduce -6.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 38,466 | $7.7M | Add +7.0% |
| INFY Infosys Ltd.-SP ADR | 0.24% | 341,921 | $7.6M | Reduce -1.6% |
| KMB Kimberly-Clark Corp. | 0.23% | 56,246 | $7.3M | Reduce -10.8% |
| FIS Fidelity National Info Serv | 0.22% | 86,943 | $7.0M | Reduce -12.2% |
| CI The Cigna Group | 0.21% | 24,375 | $6.7M | Reduce -4.2% |
| LII Lennox International Inc. | 0.20% | 10,550 | $6.5M | Add +46.1% |
| CCEP Coca-Cola Europacific Partne | 0.20% | 81,112 | $6.2M | Reduce -11.1% |
| VLO Valero Energy Corp. | 0.19% | 50,214 | $6.0M | Add +57.0% |
| NTAP Netapp Inc. | 0.19% | 51,161 | $6.0M | Add +39.2% |
| FERG Ferguson Enterprises Inc. | 0.18% | 32,688 | $5.7M | Reduce -74.8% |
| WSM Williams-Sonoma Inc. | 0.17% | 28,247 | $5.3M | Reduce -57.3% |
| DOCU Docusign Inc. | 0.16% | 56,480 | $5.2M | Reduce -61.9% |
| CHTR Charter Communications Inc. Class A | 0.16% | 14,783 | $5.1M | Reduce -32.1% |
| MPC Marathon Petroleum Corp. | 0.16% | 36,884 | $5.0M | Add +10.5% |
| DVA Davita Inc. | 0.15% | 30,963 | $4.6M | No change |
| CMCSA Comcast Corp. Class A | 0.14% | 116,427 | $4.4M | Add +5.4% |
| KR Kroger Co. | 0.13% | 68,850 | $4.2M | No change |
| BBY Best Buy Co. Inc. | 0.13% | 47,978 | $4.1M | Reduce -29.8% |
| MRVL Marvell Technology Inc. | 0.12% | 34,591 | $3.9M | Add +538.5% |
| NOW ServiceNow Inc. | 0.12% | 3,572 | $3.8M | Add +4.8% |
| JNJ Johnson & Johnson | 0.12% | 26,426 | $3.8M | No change |
| MS Morgan Stanley | 0.11% | 27,626 | $3.5M | Add +1182.0% |
| PANW Palo Alto Networks Inc. | 0.11% | 18,566 | $3.4M | No change |
| AMAT Applied Materials Inc. | 0.11% | 20,698 | $3.4M | Add +271.9% |
| PYPL PayPal Holdings Inc. | 0.10% | 38,624 | $3.3M | Reduce -64.5% |
| TWLO Twilio Inc. Class A | 0.10% | 29,482 | $3.2M | Reduce -45.1% |
| LRCX Lam Research Corp. | 0.10% | 43,850 | $3.2M | Add +570.5% |
| LPLA LPL Financial Holdings Inc. | 0.09% | 9,125 | $3.0M | Reduce -42.3% |
| USB US Bancorp | 0.09% | 59,457 | $2.9M | Add +1408.7% |
| DECK Deckers Outdoor Corp. | 0.09% | 13,765 | $2.8M | Reduce -17.7% |
| DKS Dick's Sporting Goods Inc. | 0.09% | 11,819 | $2.7M | Reduce -53.2% |
| RCL Royal Caribbean Cruises Ltd. | 0.08% | 11,364 | $2.6M | No change |
| UNP Union Pacific Corp. | 0.08% | 11,528 | $2.6M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| GLW Corning Inc. | Sold out | 0.00% | −1.59 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −1.37 |
| IQV Iqvia Holdings Inc. | Reduce -99.5% | 0.00% | −0.97 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -22.6% | 1.34% | −0.75 |
| FERG Ferguson Enterprises Inc. | Reduce -74.8% | 0.18% | −0.62 |
| MET Metlife Inc. | Reduce -30.9% | 1.04% | −0.47 |
| PM Philip Morris International | Reduce -21.7% | 1.23% | −0.35 |
| KVUE Kenvue Inc. | Reduce -12.1% | 1.09% | −0.26 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.23 |
| HPE Hewlett Packard Enterprise | Reduce -90.0% | 0.02% | −0.18 |
| AAPL Apple Inc. | Reduce -16.1% | 1.95% | −0.18 |
| MOH Molina Healthcare Inc. | Reduce -69.0% | 0.06% | −0.18 |
| ATO Atmos Energy Corp. | Reduce -9.0% | 1.81% | −0.16 |
| PYPL PayPal Holdings Inc. | Reduce -64.5% | 0.10% | −0.16 |
| ARES Ares Management Corp. Class A | Reduce -21.7% | 1.54% | −0.16 |
| SRE Sempra | Reduce -12.5% | 1.81% | −0.16 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.0% | 0.85% | −0.16 |
| WSM Williams-Sonoma Inc. | Reduce -57.3% | 0.17% | −0.16 |
| META Meta Platforms Inc. Class A | Reduce -10.3% | 1.96% | −0.14 |
| GXO Gxo Logistics Inc. | Sold out | 0.00% | −0.14 |
| COR Cencora Inc. | Reduce -18.2% | 0.63% | −0.14 |
| VRT Vertiv Holdings Co. Class A | Reduce -36.4% | 0.39% | −0.13 |
| DOCU Docusign Inc. | Reduce -61.9% | 0.16% | −0.13 |
| TGT Target Corp. | Reduce -77.1% | 0.03% | −0.12 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -24.3% | 0.25% | −0.10 |
| BBY Best Buy Co. Inc. | Reduce -29.8% | 0.13% | −0.09 |
| MSFT Microsoft Corp. | Reduce -1.6% | 3.87% | −0.09 |
| DKS Dick's Sporting Goods Inc. | Reduce -53.2% | 0.09% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Reduce -24.2% | 0.34% | −0.07 |
| EBAY eBay Inc. | Reduce -71.4% | 0.03% | −0.07 |
| CI The Cigna Group | Reduce -4.2% | 0.21% | −0.06 |
| CFG Citizens Financial Group | Reduce -79.7% | 0.02% | −0.06 |
| RJF Raymond James Financial Inc. | Reduce -24.2% | 1.84% | −0.06 |
| CHTR Charter Communications Inc. Class A | Reduce -32.1% | 0.16% | −0.06 |
| PSX Phillips 66 | Reduce -91.5% | 0.00% | −0.06 |
| INTC Intel Corp. | Reduce -74.7% | 0.02% | −0.06 |
| KMB Kimberly-Clark Corp. | Reduce -10.8% | 0.23% | −0.05 |
| HPQ HP Inc. | Reduce -6.1% | 0.25% | −0.04 |
| HIG Hartford Insurance Group Inc. | Reduce -28.1% | 0.08% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -43.8% | 0.04% | −0.04 |
| FIS Fidelity National Info Serv | Reduce -12.2% | 0.22% | −0.04 |
| KEY Keycorp | Sold out | 0.00% | −0.04 |
| GEN Gen Digital Inc. | Reduce -9.2% | 0.39% | −0.04 |
| OC Owens Corning | Reduce -36.7% | 0.06% | −0.04 |
| AFL Aflac Inc. | Reduce -51.5% | 0.03% | −0.04 |
| MANH Manhattan Associates Inc. | Reduce -69.3% | 0.01% | −0.03 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.03 |
| BURL Burlington Stores Inc. | Reduce -71.6% | 0.01% | −0.03 |
| CCEP Coca-Cola Europacific Partne | Reduce -11.1% | 0.20% | −0.03 |
| AXP American Express Co. | Reduce -77.8% | 0.01% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| ELV Elevance Health Inc. | Add +2232.4% | 1.62% | +1.52 |
| BAC Bank of America Corp. | New | 1.19% | +1.19 |
| LULU Lululemon Athletica Inc. | Add +26708.8% | 1.10% | +1.10 |
| AVGO Broadcom Inc. | Add +65.5% | 1.27% | +0.71 |
| BKNG Booking Holdings Inc. | Add +20.0% | 1.88% | +0.57 |
| NVDA Nvidia Corp. | Add +0.1% | 4.39% | +0.54 |
| CRM Salesforce Inc. | Add +23.5% | 1.52% | +0.52 |
| MRK Merck & Co. Inc. | Add +35.4% | 3.27% | +0.50 |
| AMZN Amazon.com Inc. | Add +7.3% | 2.18% | +0.48 |
| GOOGL Alphabet Inc. Class A | Add +7.8% | 2.00% | +0.40 |
| ANET Arista Networks Inc. | Add +21.9% | 1.22% | +0.36 |
| HWM Howmet Aerospace Inc. | Add +30.7% | 1.04% | +0.32 |
| V Visa Inc. Class A | Add +4.7% | 1.71% | +0.29 |
| PCAR Paccar Inc. | Add +3.2% | 2.26% | +0.19 |
| HD Home Depot Inc. | Add +63.6% | 0.50% | +0.18 |
| KDP Keurig Dr Pepper Inc. | Add +32.0% | 1.51% | +0.18 |
| FISV Fiserv Inc. | Add +1.8% | 1.17% | +0.18 |
| MA Mastercard Inc. Class A | Add +2.3% | 1.68% | +0.15 |
| SNPS Synopsys Inc. | Add +78.3% | 0.33% | +0.14 |
| MRVL Marvell Technology Inc. | Add +538.5% | 0.12% | +0.11 |
| MS Morgan Stanley | Add +1182.0% | 0.11% | +0.10 |
| USB US Bancorp | Add +1408.7% | 0.09% | +0.09 |
| LRCX Lam Research Corp. | Add +570.5% | 0.10% | +0.08 |
| YMM Full Truck Alliance -SPN ADR | New | 0.08% | +0.08 |
| AIG American International Group | Add +4.3% | 2.04% | +0.08 |
| AMAT Applied Materials Inc. | Add +271.9% | 0.11% | +0.07 |
| ULTA Ulta Beauty Inc. | Add +2179.2% | 0.07% | +0.07 |
| EQH Equitable Holdings Inc. | Add +10.9% | 0.35% | +0.07 |
| LII Lennox International Inc. | Add +46.1% | 0.20% | +0.07 |
| VST Vistra Corp. | New | 0.07% | +0.07 |
| TJX TJX Companies Inc. | Add +2.5% | 1.10% | +0.07 |
| TSCO Tractor Supply Company | Add +16.0% | 1.19% | +0.06 |
| VLO Valero Energy Corp. | Add +57.0% | 0.19% | +0.05 |
| KGC Kinross Gold Corp. | New | 0.05% | +0.05 |
| AMP Ameriprise Financial Inc. | Add +174.5% | 0.08% | +0.05 |
| MCO Moody's Corp. | Add +230.7% | 0.07% | +0.05 |
| EME Emcor Group Inc. | New | 0.05% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +7.0% | 0.24% | +0.05 |
| NTAP Netapp Inc. | Add +39.2% | 0.19% | +0.05 |
| ACN Accenture PLC Class A | Add +399.5% | 0.05% | +0.04 |
| IP International Paper Co. | New | 0.04% | +0.04 |
| ACI Albertsons Cos Inc. Class A | New | 0.04% | +0.04 |
| BMO Bank of Montreal | New | 0.03% | +0.03 |
| OMC Omnicom Group | New | 0.03% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +888.8% | 0.04% | +0.03 |
| POOL Pool Corp. | New | 0.03% | +0.03 |
| DB Deutsche Bank AG-Registered | Add +2.1% | 1.25% | +0.03 |
| LNG Cheniere Energy Inc. | Add +52.7% | 0.07% | +0.03 |
| SYF Synchrony Financial | Add +32.5% | 0.07% | +0.03 |
| NOW ServiceNow Inc. | Add +4.8% | 0.12% | +0.02 |
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 |