COMMERZBANK AKTIENGESELLSCHAFT /FI
Long book
$4.78B
Q1 2026
Positions
354
Top-10 weight
42%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsCOMMERZBANK AKTIENGESELLSCHAFT /FI is an institutional manager, running a $4.78B US long book across 354 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: MICROSOFT CORP, ALPHABET INC-CL A, APPLE INC, CHEVRON CORP, CISCO SYSTEMS INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+4.9%
Q3 2024
+3.6%
Q4 2024
-2.2%
Q1 2025
+10.9%
Q2 2025
+8.4%
Q3 2025
+3.7%
Q4 2025
-1.5%
Q1 2026
+12.3%
Sector allocation
Technology 41%
Financials 8%
Energy 8%
Healthcare 8%
Other 6%
Consumer staples 6%
Industrials 6%
Consumer discretionary 6%
Long book by quarter
What does COMMERZBANK AKTIENGESELLSCHAFT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 769.8K | $285.0M | 6.0% | +21.4% |
| GOOGL ALPHABET INC-CL A | Technology | 931.7K | $267.9M | 5.6% | -5.3% |
| AAPL APPLE INC | Technology | 1.0M | $264.9M | 5.5% | +1.4% |
| CVX CHEVRON CORP | Energy | 958.6K | $198.3M | 4.1% | +13.8% |
| CSCO CISCO SYSTEMS INC | Technology | 2.5M | $197.5M | 4.1% | +8.1% |
| KO COCA-COLA CO/THE | Consumer staples | 2.2M | $167.6M | 3.5% | -0.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 682.6K | $165.5M | 3.5% | +5.6% |
| V VISA INC-CLASS A SHARES | Services media | 505.3K | $152.7M | 3.2% | +0.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 595.3K | $145.5M | 3.0% | -33.1% |
| JPM JPMORGAN CHASE & CO | Financials | 485.2K | $142.7M | 3.0% | -0.3% |
| XOM EXXON MOBIL CORP | Energy | 831.6K | $141.1M | 2.9% | +17.6% |
| DBK DEUTSCHE BANK AG-REGISTERED | — | 4.7M | $139.3M | 2.9% | +43.6% |
| AVGO BROADCOM INC | Technology | 434.3K | $134.4M | 2.8% | +0.5% |
| NVDA NVIDIA CORP | Technology | 745.8K | $130.1M | 2.7% | -10.3% |
| META META PLATFORMS INC-CLASS A | Technology | 174.9K | $100.1M | 2.1% | +9.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 441.0K | $99.7M | 2.1% | +4.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 658.9K | $95.2M | 2.0% | +13.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 390.1K | $81.2M | 1.7% | +6.7% |
| CAT CATERPILLAR INC | Industrials | 113.1K | $80.1M | 1.7% | -18.1% |
| CMCSA COMCAST CORP-CLASS A | Communications | 2.5M | $73.1M | 1.5% | +295.5% |
| CRM SALESFORCE INC | Technology | 380.6K | $71.1M | 1.5% | +440.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.4M | $69.8M | 1.5% | +14.6% |
| AMGN AMGEN INC | Healthcare | 194.8K | $68.5M | 1.4% | +31.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 212.3K | $66.0M | 1.4% | -48.1% |
| QCOM QUALCOMM INC | Technology | 498.1K | $64.1M | 1.3% | +42.4% |
| PEP PEPSICO INC | Consumer staples | 409.1K | $63.5M | 1.3% | +20.4% |
| HD HOME DEPOT INC | Consumer discretionary | 178.7K | $58.8M | 1.2% | +7.0% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 448.3K | $58.8M | 1.2% | +1039.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 63.9K | $54.1M | 1.1% | +1.1% |
| PANW PALO ALTO NETWORKS INC | Technology | 299.7K | $48.0M | 1.0% | -0.9% |
| HPQ HP INC | Technology | 2.1M | $40.7M | 0.9% | +1462.5% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 564.0K | $32.5M | 0.7% | +7.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 64.0K | $31.5M | 0.7% | +0.4% |
| LLY ELI LILLY & CO | Healthcare | 32.6K | $30.0M | 0.6% | -12.5% |
| WM WASTE MANAGEMENT INC | Utilities | 130.0K | $29.9M | 0.6% | -8.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 99.6K | $27.0M | 0.6% | +44.0% |
| NFLX NETFLIX INC | Services media | 274.6K | $26.4M | 0.6% | +4.7% |
| ORCL ORACLE CORP | Technology | 178.4K | $26.3M | 0.5% | +6.4% |
| MRK MERCK & CO. INC. | Healthcare | 199.4K | $24.0M | 0.5% | -43.2% |
| MA MASTERCARD INC - A | Services media | 42.3K | $21.1M | 0.4% | -26.3% |
| WMT WALMART INC | Consumer discretionary | 169.9K | $21.1M | 0.4% | +22.6% |
| BAC BANK OF AMERICA CORP | Financials | 362.1K | $17.7M | 0.4% | +36.9% |
| GOOG ALPHABET INC-CL C | Technology | 56.5K | $16.2M | 0.3% | +5.0% |
| CME CME GROUP INC | Financials | 54.4K | $16.1M | 0.3% | -7.6% |
| ABBV ABBVIE INC | Healthcare | 72.1K | $15.7M | 0.3% | -9.3% |
| GE GENERAL ELECTRIC | Industrials | 55.1K | $15.6M | 0.3% | -26.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 32.1K | $15.4M | 0.3% | +9.1% |
| T AT&T INC | Communications | 521.4K | $15.1M | 0.3% | -88.4% |
| BLK BLACKROCK INC | Financials | 13.5K | $13.0M | 0.3% | +82.3% |
| ACN ACCENTURE PLC-CL A | Services media | 63.0K | $12.5M | 0.3% | +7.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 354 | $4.78B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 374 | $4.91B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 354 | $4.81B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 359 | $4.36B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 349 | $4.29B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 334 | $4.15B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 303 | $3.75B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 244 | $3.03B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 245 | $3.01B | $K fixed canonical | SEC ↗ |
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