Allianz Asset Management GmbH
Long book
$86.57B
Q1 2026
Positions
1501
Top-10 weight
27%
concentration
Last quarter
+11.0%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsAllianz Asset Management GmbH is a mechanically diversified allocator, running a $86.57B US long book across 1501 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, VENTURE GLOBAL INC-CL A, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.7%
Q2 2024
+5.4%
Q3 2024
+0.4%
Q4 2024
-3.4%
Q1 2025
+11.9%
Q2 2025
+6.5%
Q3 2025
-0.7%
Q4 2025
+1.4%
Q1 2026
+11.0%
Sector allocation
Technology 31%
Healthcare 11%
Financials 10%
Industrials 9%
Consumer discretionary 9%
Utilities 8%
Services media 6%
Other 4%
Long book by quarter
What does Allianz Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 23.9M | $4.18B | 4.8% | +10.0% |
| VG VENTURE GLOBAL INC-CL A | Utilities | 251.3M | $3.96B | 4.6% | -29.1% |
| AAPL APPLE INC | Technology | 12.7M | $3.23B | 3.7% | +8.4% |
| MSFT MICROSOFT CORP | Technology | 7.6M | $2.80B | 3.2% | +1.5% |
| GOOGL ALPHABET INC-CL A | Technology | 7.1M | $2.04B | 2.4% | +7.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.4M | $1.75B | 2.0% | -11.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.7M | $1.39B | 1.6% | -5.5% |
| AZN ASTRAZENECA PLC | Healthcare | 6.5M | $1.26B | 1.5% | New |
| GOOG ALPHABET INC-CL C | Technology | 4.4M | $1.26B | 1.5% | +6.4% |
| META META PLATFORMS INC-CLASS A | Technology | 1.8M | $1.05B | 1.2% | -3.3% |
| AVGO BROADCOM INC | Technology | 3.3M | $1.01B | 1.2% | -6.8% |
| JPM JPMORGAN CHASE & CO | Financials | 3.1M | $912.2M | 1.1% | -4.1% |
| TTE TOTALENERGIES SE | Energy | 8.1M | $752.4M | 0.9% | +8.1% |
| CSCO CISCO SYSTEMS INC | Technology | 9.0M | $699.4M | 0.8% | -12.0% |
| MA MASTERCARD INC - A | Services media | 1.4M | $688.3M | 0.8% | -10.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 4.2M | $666.4M | 0.8% | +26.7% |
| T AT&T INC | Communications | 22.0M | $637.0M | 0.7% | +22.0% |
| LRCX LAM RESEARCH CORP | Industrials | 3.0M | $632.0M | 0.7% | -20.9% |
| AMAT APPLIED MATERIALS INC | Technology | 1.8M | $627.6M | 0.7% | +38.0% |
| MU MICRON TECHNOLOGY INC | Technology | 1.6M | $552.8M | 0.6% | +6.4% |
| TSLA TESLA INC | Industrials | 1.4M | $516.2M | 0.6% | -2.1% |
| MRK MERCK & CO. INC. | Healthcare | 4.0M | $476.9M | 0.6% | 0.0% |
| LLY ELI LILLY & CO | Healthcare | 504.8K | $464.3M | 0.5% | +18.1% |
| QCOM QUALCOMM INC | Technology | 3.6M | $461.3M | 0.5% | +0.4% |
| NFLX NETFLIX INC | Services media | 4.6M | $445.8M | 0.5% | -15.0% |
| ROST ROSS STORES INC | Consumer discretionary | 2.0M | $438.7M | 0.5% | +181.5% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 3.0M | $436.6M | 0.5% | +21.7% |
| GILD GILEAD SCIENCES INC | Healthcare | 3.1M | $431.2M | 0.5% | -23.2% |
| MS MORGAN STANLEY | Financials | 2.6M | $430.1M | 0.5% | +14.3% |
| ABT ABBOTT LABORATORIES | Healthcare | 4.1M | $423.4M | 0.5% | -2.6% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 6.9M | $417.3M | 0.5% | +25.2% |
| MPC MARATHON PETROLEUM CORP | Energy | 1.7M | $415.0M | 0.5% | +9.6% |
| VLO VALERO ENERGY CORP | Energy | 1.6M | $404.0M | 0.5% | -5.7% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 1.9M | $396.3M | 0.5% | -4.6% |
| CMI CUMMINS INC | Industrials | 700.0K | $376.6M | 0.4% | +5.5% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 2.6M | $342.0M | 0.4% | +0.3% |
| ACN ACCENTURE PLC-CL A | Services media | 1.7M | $340.4M | 0.4% | +27.6% |
| LMT LOCKHEED MARTIN CORP | Industrials | 559.8K | $338.4M | 0.4% | +31.8% |
| EIX EDISON INTERNATIONAL | Utilities | 4.6M | $338.1M | 0.4% | +28.8% |
| APH AMPHENOL CORP-CL A | Technology | 2.7M | $336.0M | 0.4% | -4.4% |
| EBAY EBAY INC | Services media | 3.7M | $333.5M | 0.4% | +1.0% |
| LNG CHENIERE ENERGY INC | Utilities | 1.2M | $329.6M | 0.4% | -8.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 6.6M | $329.4M | 0.4% | -17.2% |
| MO ALTRIA GROUP INC | Consumer staples | 5.0M | $328.1M | 0.4% | -32.6% |
| CMCSA COMCAST CORP-CLASS A | Communications | 11.4M | $326.8M | 0.4% | -9.2% |
| TGT TARGET CORP | Consumer discretionary | 2.6M | $319.4M | 0.4% | +4.9% |
| V VISA INC-CLASS A SHARES | Services media | 1.0M | $315.4M | 0.4% | -23.0% |
| NEM NEWMONT CORP | Materials | 2.9M | $313.4M | 0.4% | +60.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 644.7K | $308.9M | 0.4% | +14.7% |
| FDX FEDEX CORP | Industrials | 863.0K | $307.4M | 0.4% | +38.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 3758 | $95.38B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 3553 | $98.88B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 3678 | $89.55B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 3727 | $83.56B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 3998 | $76.41B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 4016 | $74.92B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 4006 | $71.51B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 3921 | $67.51B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 3840 | $64.82B | canonical | SEC ↗ |
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