DekaBank Deutsche Girozentrale
Long book
$60.55B
Q1 2026
Positions
1101
Top-10 weight
29%
concentration
Last quarter
+13.3%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsDekaBank Deutsche Girozentrale is a mechanically diversified allocator, running a $60.55B US long book across 1101 positions.
The portfolio is moderately concentrated (top 10 ≈ 29% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL A, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, META PLATFORMS INC-CLASS 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
+3.1%
Q2 2024
+5.7%
Q3 2024
+0.4%
Q4 2024
-2.6%
Q1 2025
+7.9%
Q2 2025
+6.5%
Q3 2025
+3.1%
Q4 2025
-3.1%
Q1 2026
+13.3%
Sector allocation
Technology 32%
Healthcare 13%
Industrials 11%
Consumer discretionary 10%
Financials 9%
Other 6%
Services media 5%
Energy 5%
Long book by quarter
What does DekaBank Deutsche own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 11.3M | $3.30B | 5.4% | 0.0% |
| AAPL APPLE INC | Technology | 10.9M | $2.81B | 4.6% | 0.0% |
| MSFT MICROSOFT CORP | Technology | 7.6M | $2.80B | 4.6% | +2.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 10.4M | $2.21B | 3.6% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 2.3M | $1.33B | 2.2% | Held |
| TTE TOTALENERGIES SE | Energy | 11.7M | $1.10B | 1.8% | New |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.4M | $1.10B | 1.8% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 3.4M | $1.03B | 1.7% | Held |
| LLY ELI LILLY & CO | Healthcare | 915.4K | $848.5M | 1.4% | Held |
| AZN ASTRAZENECA PLC | Healthcare | 3.8M | $747.1M | 1.2% | New |
| TSLA TESLA INC | Industrials | 1.9M | $727.4M | 1.2% | 0.0% |
| CSCO CISCO SYSTEMS INC | Technology | 8.6M | $679.1M | 1.1% | Held |
| MA MASTERCARD INC - A | Services media | 1.3M | $671.9M | 1.1% | Held |
| ABBV ABBVIE INC | Healthcare | 3.1M | $662.1M | 1.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 4.4M | $657.2M | 1.1% | 0.0% |
| MRK MERCK & CO. INC. | Healthcare | 5.4M | $651.9M | 1.1% | Held |
| DBK DEUTSCHE BANK AG-REGISTERED | — | 18.7M | $600.8M | 1.0% | +5.4% |
| KO COCA-COLA CO/THE | Consumer staples | 7.6M | $590.7M | 1.0% | Held |
| V VISA INC-CLASS A SHARES | Services media | 1.9M | $579.8M | 1.0% | Held |
| GOOG ALPHABET INC-CL C | Technology | 1.7M | $482.1M | 0.8% | Held |
| KLAC KLA CORP | Other | 317.4K | $446.3M | 0.7% | Held |
| PEP PEPSICO INC | Consumer staples | 2.8M | $435.3M | 0.7% | 0.0% |
| LIN LINDE PLC | Materials | 849.3K | $434.3M | 0.7% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 2.5M | $422.0M | 0.7% | Held |
| NVDA NVIDIA CORP | Technology | 2.5M | $421.2M | 0.7% | -16.6% |
| PH PARKER HANNIFIN CORP | Industrials | 469.6K | $418.1M | 0.7% | Held |
| CVX CHEVRON CORP | Energy | 1.9M | $402.5M | 0.7% | Held |
| CRH CRH PLC | Industrials | 3.8M | $396.0M | 0.7% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 772.6K | $377.2M | 0.6% | Held |
| XOM EXXON MOBIL CORP | Energy | 2.2M | $374.8M | 0.6% | Held |
| DELL DELL TECHNOLOGIES -C | Technology | 2.2M | $373.9M | 0.6% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 7.3M | $369.8M | 0.6% | Held |
| MSI MOTOROLA SOLUTIONS INC | Technology | 803.3K | $354.5M | 0.6% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 1.0M | $345.0M | 0.6% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 2.7M | $343.4M | 0.6% | Held |
| ACN ACCENTURE PLC-CL A | Services media | 1.7M | $343.4M | 0.6% | Held |
| WMT WALMART INC | Consumer discretionary | 2.6M | $331.2M | 0.5% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.4M | $326.1M | 0.5% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 2.0M | $323.7M | 0.5% | Held |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 703.1K | $323.7M | 0.5% | Held |
| ADI ANALOG DEVICES INC | Technology | 999.2K | $323.3M | 0.5% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.0M | $322.4M | 0.5% | Held |
| BAC BANK OF AMERICA CORP | Financials | 6.3M | $307.0M | 0.5% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 607.3K | $293.1M | 0.5% | Held |
| PWR QUANTA SERVICES INC | Industrials | 517.0K | $288.7M | 0.5% | Held |
| GILD GILEAD SCIENCES INC | Healthcare | 2.0M | $286.1M | 0.5% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 280.2K | $284.0M | 0.5% | Held |
| COP CONOCOPHILLIPS | Energy | 2.0M | $278.0M | 0.5% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 840.2K | $277.5M | 0.5% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 816.7K | $268.4M | 0.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 1660 | $60.55B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 1980 | $57.86B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 1976 | $59.43B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 1983 | $56.06B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 2001 | $51.03B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 2030 | $54.12B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 2043 | $53.94B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 2050 | $55.58B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | Jun 4, 2024 | 2050 | $53.67B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 2052 | $53.7M | SEC ↗ |
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