MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH reported 197 stock positions worth $3.5 billion. Its top holding was Nvidia (NVDA) at 4.4% of the portfolio, followed by Microsoft (MSFT, 4.1%) and Broadcom (AVGO, 2.6%). Compared with Q1 2025, it opened 27 new positions, sold out of 20, added to 71 and reduced 80. The biggest buy was a new position in Archer-Daniels-Midland (ADM) and the biggest sale an exit from Rio Tinto PLC-Spon ADR (RIO).
- Most Recent 13F
- Q2 2025
- Location
- MUNICH, 2M
- CIK
- 0001142433
- Portfolio Value
- $3.5B (Q2 2025)
- SEC Filing
- 0001019056-25-000186 ↗ filed Jul 16, 2025
Holdings Value
Holdings 197 stocks · $3.5B
| NVDA Nvidia Corp. | 4.44% | 996,049 | $157.4M | Reduce -18.1% |
| MSFT Microsoft Corp. | 4.10% | 292,419 | $145.5M | Reduce -18.7% |
| AVGO Broadcom Inc. | 2.64% | 339,122 | $93.5M | Reduce -31.7% |
| PCAR Paccar Inc. | 2.27% | 844,469 | $80.3M | Add +6.2% |
| V Visa Inc. Class A | 2.16% | 215,277 | $76.4M | Add +3.8% |
| UL Unilever PLC | 2.10% | 1,219,261 | $74.6M | Add +12.8% |
| EMR Emerson Electric Co. | 2.04% | 543,300 | $72.4M | Add +12.0% |
| GOOGL Alphabet Inc. Class A | 2.00% | 401,672 | $70.8M | Reduce -1.8% |
| MRK Merck & Co. Inc. | 1.98% | 888,415 | $70.3M | Add +9.8% |
| GILD Gilead Sciences Inc. | 1.98% | 632,892 | $70.2M | Add +33.4% |
| MA Mastercard Inc. Class A | 1.95% | 123,015 | $69.1M | Add +10.8% |
| AIG American International Group | 1.93% | 798,852 | $68.4M | Reduce -2.9% |
| NDAQ Nasdaq Inc. | 1.88% | 743,463 | $66.5M | Add +12.3% |
| AMZN Amazon.com Inc. | 1.83% | 296,234 | $65.0M | Reduce -29.9% |
| CVX Chevron Corp. | 1.78% | 439,345 | $62.9M | No change |
| PPG PPG Industries Inc. | 1.77% | 551,217 | $62.7M | Add +15.8% |
| LHX L3HARRIS Technologies Inc. | 1.71% | 241,980 | $60.7M | Add +15.1% |
| CCI Crown Castle Inc. | 1.70% | 587,994 | $60.4M | Add +5.4% |
| GOOG Alphabet Inc. Class C | 1.69% | 336,864 | $59.8M | Reduce -2.4% |
| NXPI NXP Semiconductors NV | 1.68% | 272,835 | $59.6M | Add +3.6% |
| GLPI Gaming and Leisure Propertie | 1.67% | 1,264,391 | $59.0M | Add +0.3% |
| RJF Raymond James Financial Inc. | 1.64% | 379,000 | $58.1M | Reduce -5.2% |
| META Meta Platforms Inc. Class A | 1.63% | 78,373 | $57.8M | Reduce -33.4% |
| ELV Elevance Health Inc. | 1.54% | 140,686 | $54.7M | Reduce -13.4% |
| SRE Sempra | 1.54% | 721,455 | $54.7M | Add +4.8% |
| BKNG Booking Holdings Inc. | 1.51% | 9,265 | $53.6M | Reduce -3.8% |
| LLY Eli Lilly & Co. | 1.47% | 66,841 | $52.1M | Reduce -13.8% |
| AEP American Electric Power | 1.46% | 497,091 | $51.6M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 1.45% | 164,633 | $51.4M | Add +23.9% |
| PANW Palo Alto Networks Inc. | 1.34% | 231,344 | $47.3M | Add +277.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.29% | 965,998 | $45.7M | Add +6.8% |
| KDP Keurig Dr Pepper Inc. | 1.28% | 1,374,965 | $45.5M | Add +4.1% |
| RF Regions Financial Corp. | 1.28% | 1,930,680 | $45.4M | Add +20.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.27% | 232,896 | $45.2M | Add +9.5% |
| DB Deutsche Bank AG-Registered | 1.25% | 1,503,105 | $44.4M | Reduce -17.7% |
| AAPL Apple Inc. | 1.23% | 212,203 | $43.5M | Reduce -14.8% |
| CRM Salesforce Inc. | 1.23% | 159,378 | $43.5M | Add +6.0% |
| ROP Roper Technologies Inc. | 1.22% | 76,377 | $43.3M | Reduce -12.1% |
| ATO Atmos Energy Corp. | 1.20% | 275,000 | $42.4M | Reduce -21.5% |
| WY Weyerhaeuser Co. | 1.18% | 1,629,743 | $41.9M | Add +14.1% |
| PFE Pfizer Inc. | 1.11% | 1,624,887 | $39.4M | Reduce -21.6% |
| ADM Archer-Daniels-Midland Co. | 1.10% | 740,695 | $39.1M | New |
| AVY Avery Dennison Corp. | 1.10% | 222,697 | $39.1M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.09% | 312,708 | $38.6M | Reduce -5.1% |
| NFLX Netflix Inc. | 1.06% | 28,007 | $37.5M | Reduce -19.4% |
| TSCO Tractor Supply Company | 1.02% | 682,288 | $36.0M | Reduce -11.8% |
| HWM Howmet Aerospace Inc. | 0.87% | 165,544 | $30.8M | Reduce -43.4% |
| ABBV Abbvie Inc. | 0.85% | 162,557 | $30.2M | Reduce -7.8% |
| KVUE Kenvue Inc. | 0.85% | 1,432,579 | $30.0M | Reduce -7.5% |
| AZO AutoZone Inc. | 0.77% | 7,341 | $27.3M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.68% | 54,104 | $24.1M | New |
| KLAC KLA Corp. | 0.67% | 26,470 | $23.7M | Reduce -11.5% |
| LRCX Lam Research Corp. | 0.61% | 220,493 | $21.5M | Add +8.5% |
| TXN Texas Instruments Inc. | 0.58% | 98,670 | $20.5M | Add +9659.6% |
| FISV Fiserv Inc. | 0.56% | 114,136 | $19.7M | Reduce -37.4% |
| MS Morgan Stanley | 0.52% | 130,757 | $18.4M | Add +594.6% |
| SNPS Synopsys Inc. | 0.49% | 33,712 | $17.3M | Reduce -32.3% |
| UBER Uber Technologies Inc. | 0.48% | 183,588 | $17.1M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.47% | 57,027 | $16.8M | Add +731.7% |
| COR Cencora Inc. | 0.46% | 54,142 | $16.2M | Reduce -11.1% |
| TMO Thermo Fisher Scientific Inc. | 0.43% | 38,000 | $15.4M | Reduce -52.5% |
| AXP American Express Co. | 0.43% | 48,024 | $15.3M | Add +1191.7% |
| D Dominion Energy Inc. | 0.41% | 259,979 | $14.7M | New |
| HD Home Depot Inc. | 0.40% | 38,394 | $14.1M | Add +7.0% |
| AMGN Amgen Inc. | 0.36% | 45,160 | $12.6M | Add +9.5% |
| PYPL PayPal Holdings Inc. | 0.35% | 168,439 | $12.5M | Add +13.9% |
| ITW Illinois Tool Works | 0.33% | 47,960 | $11.9M | Add +7987.7% |
| LOGI Logitech International-Reg | 0.33% | 129,818 | $11.7M | Reduce -43.2% |
| CI The Cigna Group | 0.32% | 33,896 | $11.2M | Add +57.5% |
| CMCSA Comcast Corp. Class A | 0.30% | 301,787 | $10.8M | Add +458.8% |
| ADP Automatic Data Processing | 0.29% | 33,599 | $10.4M | Add +5085.0% |
| VZ Verizon Communications Inc. | 0.29% | 237,775 | $10.3M | Add +4257.3% |
| EME Emcor Group Inc. | 0.25% | 16,347 | $8.7M | Reduce -31.8% |
| EBAY eBay Inc. | 0.23% | 111,316 | $8.3M | Add +17.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 35,969 | $8.1M | Add +1.0% |
| GEN Gen Digital Inc. | 0.23% | 276,170 | $8.1M | Reduce -46.1% |
| TD Toronto-Dominion Bank | 0.23% | 109,835 | $8.1M | Add +234.6% |
| JNJ Johnson & Johnson | 0.22% | 49,967 | $7.6M | Reduce -5.1% |
| HPQ HP Inc. | 0.21% | 304,569 | $7.4M | Reduce -17.9% |
| CNI Canadian Natl Railway Co. | 0.20% | 69,759 | $7.3M | New |
| INTU Intuit Inc. | 0.19% | 8,644 | $6.8M | Add +2077.3% |
| FERG Ferguson Enterprises Inc. | 0.19% | 31,134 | $6.8M | Reduce -4.8% |
| SYY Sysco Corp. | 0.19% | 89,342 | $6.8M | Reduce -9.0% |
| AMAT Applied Materials Inc. | 0.19% | 36,157 | $6.6M | Add +311.4% |
| HDB HDFC Bank Ltd.-ADR | 0.18% | 81,290 | $6.2M | Add +68.3% |
| CHTR Charter Communications Inc. Class A | 0.16% | 14,169 | $5.8M | Reduce -35.1% |
| NOW ServiceNow Inc. | 0.16% | 5,527 | $5.7M | Add +17.6% |
| DE Deere & Co. | 0.16% | 11,142 | $5.7M | Add +3651.5% |
| PGR Progressive Corp. | 0.15% | 20,388 | $5.4M | Add +303.2% |
| NEM Newmont Corp. | 0.15% | 90,340 | $5.3M | New |
| BBY Best Buy Co. Inc. | 0.15% | 78,164 | $5.2M | Add +166.9% |
| MOH Molina Healthcare Inc. | 0.14% | 16,135 | $4.8M | Add +210.9% |
| ACN Accenture PLC Class A | 0.13% | 15,865 | $4.7M | Add +1715.2% |
| DAL Delta Air Lines Inc. | 0.13% | 96,237 | $4.7M | Reduce -57.0% |
| WSM Williams-Sonoma Inc. | 0.12% | 27,005 | $4.4M | Reduce -45.9% |
| NTAP Netapp Inc. | 0.12% | 40,365 | $4.3M | Reduce -42.5% |
| KMB Kimberly-Clark Corp. | 0.12% | 32,049 | $4.1M | Reduce -55.4% |
| TGT Target Corp. | 0.12% | 41,772 | $4.1M | Reduce -0.5% |
| MELI MercadoLibre Inc. | 0.11% | 1,550 | $4.1M | Add +382.9% |
| TWLO Twilio Inc. Class A | 0.11% | 31,923 | $4.0M | Reduce -67.3% |
Portfolio Sells Q1 2025 → Q2 2025
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −1.04 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −1.01 |
| MET Metlife Inc. | Sold out | 0.00% | −0.96 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.90 |
| TMO Thermo Fisher Scientific Inc. | Reduce -52.5% | 0.43% | −0.74 |
| FISV Fiserv Inc. | Reduce -37.4% | 0.56% | −0.63 |
| ELV Elevance Health Inc. | Reduce -13.4% | 1.54% | −0.53 |
| AMZN Amazon.com Inc. | Reduce -29.9% | 1.83% | −0.53 |
| PFE Pfizer Inc. | Reduce -21.6% | 1.11% | −0.43 |
| LLY Eli Lilly & Co. | Reduce -13.8% | 1.47% | −0.41 |
| AAPL Apple Inc. | Reduce -14.8% | 1.23% | −0.40 |
| ATO Atmos Energy Corp. | Reduce -21.5% | 1.20% | −0.40 |
| ACI Albertsons Cos Inc. Class A | Reduce -85.5% | 0.06% | −0.37 |
| META Meta Platforms Inc. Class A | Reduce -33.4% | 1.63% | −0.36 |
| DECK Deckers Outdoor Corp. | Reduce -97.5% | 0.01% | −0.32 |
| MMM 3M Co. | Reduce -97.0% | 0.01% | −0.30 |
| CLX Clorox Company | Reduce -98.7% | 0.00% | −0.28 |
| ROP Roper Technologies Inc. | Reduce -12.1% | 1.22% | −0.28 |
| EQH Equitable Holdings Inc. | Reduce -75.0% | 0.09% | −0.27 |
| FIS Fidelity National Info Serv | Reduce -80.8% | 0.07% | −0.27 |
| HWM Howmet Aerospace Inc. | Reduce -43.4% | 0.87% | −0.24 |
| KVUE Kenvue Inc. | Reduce -7.5% | 0.85% | −0.24 |
| TSCO Tractor Supply Company | Reduce -11.8% | 1.02% | −0.24 |
| ABBV Abbvie Inc. | Reduce -7.8% | 0.85% | −0.23 |
| LOGI Logitech International-Reg | Reduce -43.2% | 0.33% | −0.23 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.20 |
| KMB Kimberly-Clark Corp. | Reduce -55.4% | 0.12% | −0.18 |
| AIG American International Group | Reduce -2.9% | 1.93% | −0.17 |
| GEN Gen Digital Inc. | Reduce -46.1% | 0.23% | −0.17 |
| TWLO Twilio Inc. Class A | Reduce -67.3% | 0.11% | −0.17 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -97.6% | 0.00% | −0.17 |
| DAL Delta Air Lines Inc. | Reduce -57.0% | 0.13% | −0.15 |
| SYF Synchrony Financial | Reduce -73.9% | 0.07% | −0.14 |
| SNPS Synopsys Inc. | Reduce -32.3% | 0.49% | −0.14 |
| LPLA LPL Financial Holdings Inc. | Reduce -69.8% | 0.07% | −0.14 |
| MRVL Marvell Technology Inc. | Reduce -69.3% | 0.07% | −0.12 |
| TFC Truist Financial Corp. | Reduce -96.1% | 0.00% | −0.12 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.12 |
| DVA Davita Inc. | Reduce -48.2% | 0.10% | −0.12 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -71.1% | 0.09% | −0.12 |
| WSM Williams-Sonoma Inc. | Reduce -45.9% | 0.12% | −0.11 |
| NTR Nutrien Ltd. | Reduce -96.5% | 0.00% | −0.11 |
| YMM Full Truck Alliance -SPN ADR | Sold out | 0.00% | −0.10 |
| HPQ HP Inc. | Reduce -17.9% | 0.21% | −0.09 |
| TJX TJX Companies Inc. | Reduce -5.1% | 1.09% | −0.09 |
| LII Lennox International Inc. | Reduce -65.2% | 0.04% | −0.08 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −0.08 |
| KR Kroger Co. | Reduce -46.3% | 0.09% | −0.08 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.07 |
| CHTR Charter Communications Inc. Class A | Reduce -35.1% | 0.16% | −0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| ADM Archer-Daniels-Midland Co. | New | 1.10% | +1.10 |
| AVY Avery Dennison Corp. | New | 1.10% | +1.10 |
| PANW Palo Alto Networks Inc. | Add +277.3% | 1.34% | +1.03 |
| AZO AutoZone Inc. | New | 0.77% | +0.77 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.68% | +0.68 |
| TXN Texas Instruments Inc. | Add +9659.6% | 0.58% | +0.57 |
| UBER Uber Technologies Inc. | New | 0.48% | +0.48 |
| EMR Emerson Electric Co. | Add +12.0% | 2.04% | +0.48 |
| MS Morgan Stanley | Add +594.6% | 0.52% | +0.46 |
| IBM Intl Business Machines Corp. | Add +731.7% | 0.47% | +0.42 |
| LHX L3HARRIS Technologies Inc. | Add +15.1% | 1.71% | +0.42 |
| GILD Gilead Sciences Inc. | Add +33.4% | 1.98% | +0.42 |
| D Dominion Energy Inc. | New | 0.41% | +0.41 |
| AXP American Express Co. | Add +1191.7% | 0.43% | +0.40 |
| NDAQ Nasdaq Inc. | Add +12.3% | 1.88% | +0.40 |
| ITW Illinois Tool Works | Add +7987.7% | 0.33% | +0.33 |
| ADP Automatic Data Processing | Add +5085.0% | 0.29% | +0.29 |
| VZ Verizon Communications Inc. | Add +4257.3% | 0.29% | +0.28 |
| RF Regions Financial Corp. | Add +20.3% | 1.28% | +0.26 |
| CMCSA Comcast Corp. Class A | Add +458.8% | 0.30% | +0.25 |
| PPG PPG Industries Inc. | Add +15.8% | 1.77% | +0.24 |
| UL Unilever PLC | Add +12.8% | 2.10% | +0.21 |
| NXPI NXP Semiconductors NV | Add +3.6% | 1.68% | +0.21 |
| CNI Canadian Natl Railway Co. | New | 0.20% | +0.20 |
| INTU Intuit Inc. | Add +2077.3% | 0.19% | +0.18 |
| BAC Bank of America Corp. | Add +6.8% | 1.29% | +0.18 |
| LRCX Lam Research Corp. | Add +8.5% | 0.61% | +0.17 |
| TD Toronto-Dominion Bank | Add +234.6% | 0.23% | +0.17 |
| MA Mastercard Inc. Class A | Add +10.8% | 1.95% | +0.16 |
| MTB M & T Bank Corp. | Add +9.5% | 1.27% | +0.16 |
| DE Deere & Co. | Add +3651.5% | 0.16% | +0.16 |
| AMAT Applied Materials Inc. | Add +311.4% | 0.19% | +0.15 |
| NEM Newmont Corp. | New | 0.15% | +0.15 |
| ACN Accenture PLC Class A | Add +1715.2% | 0.13% | +0.13 |
| PGR Progressive Corp. | Add +303.2% | 0.15% | +0.11 |
| CI The Cigna Group | Add +57.5% | 0.32% | +0.11 |
| PHM Pultegroup Inc. | Add +3568.0% | 0.11% | +0.10 |
| ADSK Autodesk Inc. | Add +2073.9% | 0.10% | +0.10 |
| SRE Sempra | Add +4.8% | 1.54% | +0.10 |
| DIS The Walt Disney Co. | Add +1232.7% | 0.10% | +0.10 |
| KO The Coca-Cola Co. | Add +1412.3% | 0.10% | +0.10 |
| MELI MercadoLibre Inc. | Add +382.9% | 0.11% | +0.10 |
| AMT American Tower Corp. | Add +2155.8% | 0.10% | +0.09 |
| IDXX Idexx Laboratories Inc. | Add +2837.4% | 0.09% | +0.09 |
| DG Dollar General Corp. | New | 0.09% | +0.09 |
| URI United Rentals Inc. | Add +2093.3% | 0.09% | +0.09 |
| MOH Molina Healthcare Inc. | Add +210.9% | 0.14% | +0.09 |
| BBY Best Buy Co. Inc. | Add +166.9% | 0.15% | +0.08 |
| DKS Dick's Sporting Goods Inc. | New | 0.08% | +0.08 |
| PNC PNC Financial Services Group | Add +1669.6% | 0.09% | +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 |