MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH reported 190 stock positions worth $3.4 billion. Its top holding was Microsoft (MSFT) at 4.0% of the portfolio, followed by Nvidia (NVDA, 3.9%) and Broadcom (AVGO, 2.4%). Compared with Q4 2024, it opened 22 new positions, sold out of 33, added to 83 and reduced 66. The biggest buy was a new position in American Electric Power (AEP) and the biggest sale an exit from Cisco Systems (CSCO).
- Most Recent 13F
- Q2 2025
- Location
- MUNICH, 2M
- CIK
- 0001142433
- Portfolio Value
- $3.4B (Q1 2025)
- SEC Filing
- 0001019056-25-000166 ↗ filed Apr 17, 2025
Holdings Value
Holdings 190 stocks · $3.4B
| MSFT Microsoft Corp. | 3.97% | 359,834 | $135.1M | Add +24.9% |
| NVDA Nvidia Corp. | 3.87% | 1,215,856 | $131.8M | Add +20.3% |
| AVGO Broadcom Inc. | 2.44% | 496,518 | $83.1M | Add +191.6% |
| AMZN Amazon.com Inc. | 2.36% | 422,426 | $80.4M | Add +35.6% |
| PCAR Paccar Inc. | 2.27% | 794,946 | $77.4M | Add +15.1% |
| CVX Chevron Corp. | 2.16% | 439,345 | $73.5M | No change |
| V Visa Inc. Class A | 2.14% | 207,357 | $72.7M | Add +20.9% |
| MRK Merck & Co. Inc. | 2.13% | 808,886 | $72.6M | Reduce -23.1% |
| AIG American International Group | 2.10% | 822,398 | $71.5M | Reduce -7.6% |
| ELV Elevance Health Inc. | 2.08% | 162,463 | $70.7M | Add +16.9% |
| UNH Unitedhealth Group Inc. | 2.05% | 132,926 | $69.6M | Add +20.8% |
| META Meta Platforms Inc. Class A | 1.99% | 117,729 | $67.9M | Add +11.9% |
| UL Unilever PLC | 1.89% | 1,080,615 | $64.4M | Add +57.4% |
| GLPI Gaming and Leisure Propertie | 1.89% | 1,260,459 | $64.2M | Add +1.3% |
| LLY Eli Lilly & Co. | 1.88% | 77,564 | $64.1M | Add +10.6% |
| GOOGL Alphabet Inc. Class A | 1.86% | 408,819 | $63.2M | Add +23.6% |
| MA Mastercard Inc. Class A | 1.79% | 110,977 | $60.8M | Add +9.6% |
| CCI Crown Castle Inc. | 1.71% | 558,101 | $58.2M | Add +1.1% |
| RJF Raymond James Financial Inc. | 1.63% | 399,737 | $55.5M | Add +6.9% |
| AAPL Apple Inc. | 1.63% | 249,193 | $55.4M | Add +2.0% |
| AEP American Electric Power | 1.59% | 496,233 | $54.2M | New |
| ATO Atmos Energy Corp. | 1.59% | 350,318 | $54.2M | Reduce -15.0% |
| GOOG Alphabet Inc. Class C | 1.58% | 345,286 | $53.9M | Add +26.9% |
| EMR Emerson Electric Co. | 1.56% | 485,040 | $53.2M | Add +12.6% |
| GILD Gilead Sciences Inc. | 1.56% | 474,340 | $53.1M | Reduce -46.6% |
| PFE Pfizer Inc. | 1.54% | 2,073,794 | $52.5M | Reduce -15.7% |
| PPG PPG Industries Inc. | 1.53% | 476,099 | $52.1M | Add +14.5% |
| ROP Roper Technologies Inc. | 1.51% | 86,903 | $51.2M | Add +6.1% |
| NDAQ Nasdaq Inc. | 1.48% | 661,842 | $50.2M | New |
| NXPI NXP Semiconductors NV | 1.47% | 263,397 | $50.1M | Add +30.9% |
| SRE Sempra | 1.44% | 688,652 | $49.1M | Add +4.8% |
| KDP Keurig Dr Pepper Inc. | 1.33% | 1,321,054 | $45.2M | Reduce -11.8% |
| BKNG Booking Holdings Inc. | 1.30% | 9,629 | $44.4M | Reduce -19.2% |
| LHX L3HARRIS Technologies Inc. | 1.29% | 210,280 | $44.0M | New |
| DB Deutsche Bank AG-Registered | 1.26% | 1,825,555 | $43.0M | Reduce -20.1% |
| TSCO Tractor Supply Company | 1.25% | 773,386 | $42.6M | Add +7.7% |
| WY Weyerhaeuser Co. | 1.23% | 1,428,378 | $41.8M | Add +23525.2% |
| CRM Salesforce Inc. | 1.19% | 150,355 | $40.3M | Add +5.0% |
| FISV Fiserv Inc. | 1.18% | 182,277 | $40.3M | Add +1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.18% | 329,472 | $40.1M | Add +14.6% |
| TMO Thermo Fisher Scientific Inc. | 1.17% | 80,055 | $39.8M | Add +55.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.12% | 212,705 | $38.0M | New |
| HWM Howmet Aerospace Inc. | 1.11% | 292,347 | $37.9M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.11% | 904,206 | $37.7M | Add +5.7% |
| KVUE Kenvue Inc. | 1.09% | 1,548,121 | $37.1M | Reduce -5.2% |
| ABBV Abbvie Inc. | 1.09% | 176,272 | $36.9M | Add +0.5% |
| RIO Rio Tinto PLC-Spon ADR | 1.04% | 591,311 | $35.5M | Reduce -18.1% |
| RF Regions Financial Corp. | 1.02% | 1,604,683 | $34.9M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 1.01% | 140,354 | $34.4M | Reduce -23.7% |
| MET Metlife Inc. | 0.96% | 408,987 | $32.8M | Add +1.3% |
| NFLX Netflix Inc. | 0.95% | 34,744 | $32.4M | New |
| TMUS T-Mobile US Inc. | 0.90% | 114,718 | $30.6M | Reduce -28.3% |
| SNPS Synopsys Inc. | 0.63% | 49,821 | $21.4M | Add +133.8% |
| KLAC KLA Corp. | 0.60% | 29,919 | $20.3M | Reduce -23.8% |
| LOGI Logitech International-Reg | 0.56% | 228,400 | $19.1M | Add +49.4% |
| COR Cencora Inc. | 0.50% | 60,925 | $16.9M | Reduce -30.9% |
| LRCX Lam Research Corp. | 0.43% | 203,259 | $14.8M | Add +363.5% |
| ACI Albertsons Cos Inc. Class A | 0.42% | 653,929 | $14.4M | Add +1050.7% |
| GEN Gen Digital Inc. | 0.40% | 512,530 | $13.6M | Add +14.1% |
| HD Home Depot Inc. | 0.39% | 35,873 | $13.1M | Reduce -11.2% |
| AMGN Amgen Inc. | 0.38% | 41,238 | $12.8M | Add +5580.2% |
| EQH Equitable Holdings Inc. | 0.36% | 237,969 | $12.4M | Add +0.7% |
| FIS Fidelity National Info Serv | 0.33% | 152,016 | $11.4M | Add +74.8% |
| DECK Deckers Outdoor Corp. | 0.33% | 100,606 | $11.2M | Add +630.9% |
| MMM 3M Co. | 0.31% | 71,279 | $10.5M | Add +4540.6% |
| PANW Palo Alto Networks Inc. | 0.31% | 61,323 | $10.5M | Add +230.3% |
| HPQ HP Inc. | 0.30% | 370,970 | $10.3M | Add +55.4% |
| KMB Kimberly-Clark Corp. | 0.30% | 71,825 | $10.2M | Add +27.7% |
| DAL Delta Air Lines Inc. | 0.29% | 223,906 | $9.8M | Add +35.5% |
| CLX Clorox Company | 0.29% | 66,252 | $9.8M | New |
| PYPL PayPal Holdings Inc. | 0.28% | 147,879 | $9.6M | Add +282.9% |
| TWLO Twilio Inc. Class A | 0.28% | 97,631 | $9.6M | Add +231.2% |
| EME Emcor Group Inc. | 0.26% | 23,974 | $8.9M | Add +628.0% |
| JNJ Johnson & Johnson | 0.26% | 52,629 | $8.7M | Add +99.2% |
| CHTR Charter Communications Inc. Class A | 0.24% | 21,837 | $8.0M | Add +47.7% |
| WSM Williams-Sonoma Inc. | 0.23% | 49,911 | $7.9M | Add +76.7% |
| DVA Davita Inc. | 0.22% | 49,373 | $7.6M | Add +59.5% |
| SYY Sysco Corp. | 0.22% | 98,191 | $7.4M | New |
| SYF Synchrony Financial | 0.21% | 135,766 | $7.2M | Add +303.8% |
| CI The Cigna Group | 0.21% | 21,524 | $7.1M | Reduce -11.7% |
| LPLA LPL Financial Holdings Inc. | 0.20% | 21,325 | $7.0M | Add +133.7% |
| RCL Royal Caribbean Cruises Ltd. | 0.20% | 33,787 | $6.9M | Add +197.3% |
| MRVL Marvell Technology Inc. | 0.20% | 109,121 | $6.7M | Add +215.5% |
| ANET Arista Networks Inc. | 0.20% | 85,948 | $6.7M | Reduce -75.3% |
| EBAY eBay Inc. | 0.19% | 94,619 | $6.4M | Add +635.3% |
| NTAP Netapp Inc. | 0.18% | 70,158 | $6.2M | Add +37.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.17% | 35,617 | $5.9M | Reduce -7.4% |
| CHRW C.H. Robinson Worldwide Inc. | 0.17% | 57,096 | $5.8M | Reduce -25.8% |
| KR Kroger Co. | 0.17% | 84,910 | $5.7M | Add +23.3% |
| INFY Infosys Ltd.-SP ADR | 0.16% | 296,879 | $5.4M | Reduce -13.2% |
| FERG Ferguson Enterprises Inc. | 0.15% | 32,688 | $5.2M | No change |
| TGT Target Corp. | 0.13% | 41,993 | $4.4M | Add +498.2% |
| TFC Truist Financial Corp. | 0.13% | 103,728 | $4.3M | Add +2462.4% |
| LII Lennox International Inc. | 0.12% | 7,458 | $4.2M | Reduce -29.3% |
| EXPD Expeditors Intl Wash Inc. | 0.12% | 34,042 | $4.1M | Add +111.0% |
| BMY Bristol-Myers Squibb Co. | 0.12% | 65,058 | $4.0M | Reduce -66.0% |
| NOW ServiceNow Inc. | 0.11% | 4,701 | $3.7M | Add +31.6% |
| NTR Nutrien Ltd. | 0.11% | 75,072 | $3.7M | Add +2789.6% |
| OTEX Open Text Corp. | 0.10% | 140,185 | $3.5M | New |
| ULTA Ulta Beauty Inc. | 0.10% | 9,603 | $3.5M | Add +79.3% |
Portfolio Sells Q4 2024 → Q1 2025
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −1.79 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −1.54 |
| PM Philip Morris International | Sold out | 0.00% | −1.23 |
| MRK Merck & Co. Inc. | Reduce -23.1% | 2.13% | −1.14 |
| LULU Lululemon Athletica Inc. | Reduce -99.8% | 0.00% | −1.10 |
| ANET Arista Networks Inc. | Reduce -75.3% | 0.20% | −1.03 |
| GILD Gilead Sciences Inc. | Reduce -46.6% | 1.56% | −1.02 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.99 |
| BKNG Booking Holdings Inc. | Reduce -19.2% | 1.30% | −0.57 |
| PFE Pfizer Inc. | Reduce -15.7% | 1.54% | −0.51 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.39 |
| JPM JPMorgan Chase & Co. | Reduce -23.7% | 1.01% | −0.38 |
| IT Gartner Inc. | Reduce -98.3% | 0.00% | −0.31 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -18.1% | 1.04% | −0.29 |
| STT State Street Corp. | Reduce -84.2% | 0.04% | −0.23 |
| BMY Bristol-Myers Squibb Co. | Reduce -66.0% | 0.12% | −0.22 |
| ATO Atmos Energy Corp. | Reduce -15.0% | 1.59% | −0.22 |
| TMUS T-Mobile US Inc. | Reduce -28.3% | 0.90% | −0.22 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.20 |
| KLAC KLA Corp. | Reduce -23.8% | 0.60% | −0.19 |
| RF Regions Financial Corp. | Reduce -1.1% | 1.02% | −0.19 |
| KDP Keurig Dr Pepper Inc. | Reduce -11.8% | 1.33% | −0.18 |
| PG The Procter & Gamble Co. | Reduce -58.9% | 0.10% | −0.15 |
| COR Cencora Inc. | Reduce -30.9% | 0.50% | −0.13 |
| HD Home Depot Inc. | Reduce -11.2% | 0.39% | −0.11 |
| VLO Valero Energy Corp. | Reduce -56.1% | 0.09% | −0.10 |
| DOCU Docusign Inc. | Reduce -52.3% | 0.06% | −0.10 |
| MPC Marathon Petroleum Corp. | Reduce -61.3% | 0.06% | −0.10 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.09 |
| LII Lennox International Inc. | Reduce -29.3% | 0.12% | −0.08 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -25.8% | 0.17% | −0.08 |
| INFY Infosys Ltd.-SP ADR | Reduce -13.2% | 0.16% | −0.08 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -53.6% | 0.06% | −0.08 |
| PNC PNC Financial Services Group | Reduce -92.9% | 0.00% | −0.08 |
| IFF Intl Flavors & Fragrances | Reduce -96.1% | 0.00% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.4% | 0.17% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -57.5% | 0.04% | −0.07 |
| VST Vistra Corp. | Sold out | 0.00% | −0.07 |
| BBY Best Buy Co. Inc. | Reduce -39.0% | 0.06% | −0.07 |
| ADBE Adobe Inc. | Reduce -66.6% | 0.02% | −0.05 |
| KGC Kinross Gold Corp. | Reduce -95.7% | 0.00% | −0.05 |
| AMP Ameriprise Financial Inc. | Reduce -59.1% | 0.03% | −0.05 |
| LH Labcorp Holdings Inc. | Sold out | 0.00% | −0.05 |
| PRU Prudential Financial Inc. | Reduce -91.8% | 0.00% | −0.05 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.05 |
| AIZ Assurant Inc. | Sold out | 0.00% | −0.05 |
| MS Morgan Stanley | Reduce -31.9% | 0.06% | −0.05 |
| ACN Accenture PLC Class A | Reduce -80.0% | 0.01% | −0.04 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| AEP American Electric Power | New | 1.59% | +1.59 |
| NDAQ Nasdaq Inc. | New | 1.48% | +1.48 |
| LHX L3HARRIS Technologies Inc. | New | 1.29% | +1.29 |
| WY Weyerhaeuser Co. | Add +23525.2% | 1.23% | +1.22 |
| AVGO Broadcom Inc. | Add +191.6% | 2.44% | +1.18 |
| MTB M & T Bank Corp. | New | 1.12% | +1.12 |
| NFLX Netflix Inc. | New | 0.95% | +0.95 |
| UL Unilever PLC | Add +57.4% | 1.89% | +0.66 |
| ELV Elevance Health Inc. | Add +16.9% | 2.08% | +0.46 |
| V Visa Inc. Class A | Add +20.9% | 2.14% | +0.43 |
| ACI Albertsons Cos Inc. Class A | Add +1050.7% | 0.42% | +0.39 |
| AMGN Amgen Inc. | Add +5580.2% | 0.38% | +0.37 |
| LRCX Lam Research Corp. | Add +363.5% | 0.43% | +0.33 |
| TMO Thermo Fisher Scientific Inc. | Add +55.2% | 1.17% | +0.33 |
| MMM 3M Co. | Add +4540.6% | 0.31% | +0.30 |
| SNPS Synopsys Inc. | Add +133.8% | 0.63% | +0.30 |
| CLX Clorox Company | New | 0.29% | +0.29 |
| UNH Unitedhealth Group Inc. | Add +20.8% | 2.05% | +0.28 |
| DECK Deckers Outdoor Corp. | Add +630.9% | 0.33% | +0.24 |
| SYY Sysco Corp. | New | 0.22% | +0.22 |
| EME Emcor Group Inc. | Add +628.0% | 0.26% | +0.21 |
| PANW Palo Alto Networks Inc. | Add +230.3% | 0.31% | +0.20 |
| AMZN Amazon.com Inc. | Add +35.6% | 2.36% | +0.18 |
| TWLO Twilio Inc. Class A | Add +231.2% | 0.28% | +0.18 |
| PYPL PayPal Holdings Inc. | Add +282.9% | 0.28% | +0.18 |
| LLY Eli Lilly & Co. | Add +10.6% | 1.88% | +0.17 |
| EBAY eBay Inc. | Add +635.3% | 0.19% | +0.16 |
| LOGI Logitech International-Reg | Add +49.4% | 0.56% | +0.16 |
| ROP Roper Technologies Inc. | Add +6.1% | 1.51% | +0.16 |
| NXPI NXP Semiconductors NV | Add +30.9% | 1.47% | +0.15 |
| CCI Crown Castle Inc. | Add +1.1% | 1.71% | +0.14 |
| SYF Synchrony Financial | Add +303.8% | 0.21% | +0.14 |
| JNJ Johnson & Johnson | Add +99.2% | 0.26% | +0.14 |
| RCL Royal Caribbean Cruises Ltd. | Add +197.3% | 0.20% | +0.12 |
| TFC Truist Financial Corp. | Add +2462.4% | 0.13% | +0.12 |
| FIS Fidelity National Info Serv | Add +74.8% | 0.33% | +0.11 |
| LPLA LPL Financial Holdings Inc. | Add +133.7% | 0.20% | +0.11 |
| ABBV Abbvie Inc. | Add +0.5% | 1.09% | +0.11 |
| MA Mastercard Inc. Class A | Add +9.6% | 1.79% | +0.11 |
| NTR Nutrien Ltd. | Add +2789.6% | 0.11% | +0.11 |
| OTEX Open Text Corp. | New | 0.10% | +0.10 |
| MSFT Microsoft Corp. | Add +24.9% | 3.97% | +0.10 |
| TGT Target Corp. | Add +498.2% | 0.13% | +0.10 |
| HBAN Huntington Bancshares Inc. | New | 0.10% | +0.10 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.08% | +0.08 |
| TJX TJX Companies Inc. | Add +14.6% | 1.18% | +0.08 |
| ALLE Allegion PLC | New | 0.08% | +0.08 |
| HCA HCA Healthcare Inc. | New | 0.08% | +0.08 |
| CHTR Charter Communications Inc. Class A | Add +47.7% | 0.24% | +0.08 |
| DVA Davita Inc. | Add +59.5% | 0.22% | +0.08 |
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 |