Allianz Asset Management GmbH

CIK

1535323

Location

MUNICH, 2M

Portfolio Value

Large $87,034,029,591

Diversification

Diversified

Filing Date

Global Rank

#87 / 8,605 — · as of Mar 2026

Top Industry

Semiconductors 9.9%

3Y Alpha vs SPY

-3.4%

Period ended 3 months ago

Filed May 11, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+60.6%

SPY

+75.5%

Annualised alpha

-3.5%

Max drawdown

−18.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,404 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.5%

−0.1 pts

Top 5

20.4%

+0.0 pts

Top 10

28.6%

−0.7 pts

HHI

123

Diversified−4

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.0%	$24,361,950,700	205
Healthcare	12.0%	$10,486,772,256	184
Financial Services	11.1%	$9,647,590,541	190
Energy	9.3%	$8,086,072,258	76
Consumer Cyclical	9.2%	$7,963,845,636	164
Industrials	8.6%	$7,511,837,951	203
Communication Services	8.1%	$7,069,582,426	61
Consumer Defensive	3.8%	$3,319,617,845	68
Basic Materials	3.7%	$3,257,308,454	77
Real Estate	3.6%	$3,162,531,300	127
Utilities	1.7%	$1,509,176,222	44
Unclassified	0.8%	$657,744,002	5

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HST	Host Hotels & Resorts, Inc.	+7,274,089	11,206,538	$214,717,266
PCG	PG&E Corp	+6,145,471	10,085,232	$177,197,526
T	At&T Inc.	+4,006,599	22,618,302	$655,704,572
STLA	Stellantis N.V.	+3,621,413	5,535,553	$39,247,070
VALE	Vale S.A.	+3,217,620	4,991,920	$79,421,447
M	Macy's, Inc.	+3,005,520	5,527,554	$99,993,449
AEO	American Eagle Outfitters Inc	+2,581,574	2,589,476	$43,244,246
WU	Western Union CO	+2,433,746	10,313,472	$90,036,607
NVDA	Nvidia Corp	+2,376,025	27,437,234	$4,785,053,607
B	Barrick Mining Corp	+2,313,997	4,149,778	$169,269,443
USB	US Bancorp De	+2,266,947	2,755,973	$143,338,154
LVS	Las Vegas Sands Corp	+2,233,488	3,372,205	$181,694,403
PYPL	PayPal Holdings, Inc.	+1,689,094	3,915,605	$177,102,813
ARRY	Array Technologies, Inc.	+1,684,214	2,369,442	$17,131,064
TDOC	Teladoc Health, Inc.	+1,676,172	4,791,363	$26,112,928
DB	Deutsche Bank Aktiengesellschaft	+1,651,340	4,111,671	$122,445,561
MICC	Magnum Ice Cream Co N.V.	+1,475,049	2,395,241	$35,808,852
BMY	Bristol Myers Squibb Co	+1,409,578	7,079,464	$429,369,489
RIVN	Rivian Automotive, Inc. / DE	+1,305,857	2,702,224	$40,668,471
ROST	Ross Stores, Inc.	+1,299,536	2,044,206	$442,836,344
CSX	Csx Corp	+1,238,579	2,715,358	$111,465,445
SBSW	Sibanye Stillwater Ltd	+1,233,603	2,117,903	$26,092,564
GOOGL	Alphabet Inc.	+1,215,554	8,260,396	$2,375,359,471
PK	Park Hotels & Resorts Inc.	+1,213,327	6,463,746	$68,063,245
DG	Dollar General Corp	+1,186,308	2,312,005	$274,504,351
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VG	Venture Global, Inc.	−103,367,684	251,315,622	$3,960,734,202
ADT	ADT Inc.	−7,307,221	6,849,043	$44,998,211
EXC	Exelon Corp	−3,404,203	4,207,807	$206,266,697
ACI	Albertsons Companies, Inc.	−2,955,706	608,215	$10,363,981
MO	Altria Group, Inc.	−2,431,530	5,111,844	$337,330,584
KR	Kroger Co	−2,359,369	2,294,581	$166,035,880
CLF	Cleveland-Cliffs Inc.	−1,739,920	2,257,750	$19,077,987
INTC	Intel Corp	−1,730,849	2,236,228	$98,684,741
HSAI	Hesai Group	−1,698,205	390,127	$7,459,228
WMT	Walmart Inc.	−1,630,165	2,695,475	$334,993,630
NWL	Newell Brands Inc.	−1,552,058	2,512,506	$8,617,895
VZ	Verizon Communications Inc	−1,284,374	7,055,887	$354,205,525
CMCSA	Comcast Corp	−1,194,836	11,620,749	$333,631,701
CSCO	Cisco Systems, Inc.	−1,169,966	9,301,635	$721,713,858
VIAV	Viavi Solutions Inc.	−1,039,282	850,375	$28,300,480
AMZN	Amazon Com Inc	−953,945	9,592,224	$1,997,772,489
GILD	Gilead Sciences, Inc.	−926,903	3,218,527	$448,566,107
HBM	Hudbay Minerals Inc.	−866,973	1,462,607	$30,568,485
UPWK	Upwork, Inc	−854,229	369,339	$4,047,955
LRCX	Lam Research Corp	−827,601	3,133,919	$669,593,130
DNOW	DNOW Inc.	−813,135	1,105,639	$13,168,159
NFLX	Netflix Inc	−796,859	5,139,383	$494,151,674
LZ	Legalzoom.Com, Inc.	−773,089	10,643	$60,345
SU	Suncor Energy Inc	−760,481	1,500,625	$99,206,317
TME	Tencent Music Entertainment Group	−755,097	906,172	$8,409,275
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	6,529,961	$1,287,838,906
NVMI	Nova Ltd.	159,388	$69,219,019
VSEC	Vse Corp	359,894	$66,364,453
BSY	Bentley Systems Inc	1,814,302	$63,718,285
YSS	York Space Systems Inc.	2,726,783	$60,452,779
RRX	Regal Rexnord Corp	174,848	$32,742,036
AES	Aes Corp	2,239,993	$31,561,501
AS	Amer Sports, Inc.	934,410	$30,760,776
GDS	GDS Holdings Ltd	521,767	$21,021,991
FIGR	Figure Technology Solutions, Inc.	561,710	$19,070,054
GLD	Spdr Gold Trust	42,500	$18,287,325
SFD	Smithfield Foods Inc	635,888	$17,785,785
QGEN	Qiagen N.V.	427,030	$17,098,280
SUNB	Sunbelt Rentals Holdings, Inc.	243,582	$15,854,752
CBZ	CBIZ, Inc.	544,846	$14,629,115
HEI	Heico Corp	51,549	$14,134,734
VSNT	Versant Media Group, Inc.	365,751	$13,540,099
UNF	Unifirst Corp	50,802	$12,781,275
FLNC	Fluence Energy, Inc.	843,160	$11,601,879
FCFS	FirstCash Holdings, Inc.	61,191	$11,503,908
MCY	Mercury General Corp	113,592	$10,013,131
AAUC	Allied Gold Corp	312,880	$9,711,795
CE	Celanese Corp	147,283	$9,686,802
DY	Dycom Industries Inc	24,319	$8,239,763
NBR	Nabors Industries Ltd	95,618	$8,228,884
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
PAYC	Paycom Software, Inc.	444,338	$70,809,702
EXAS	EXACT SCIENCES CORP	326,305	$33,139,535
TGNA	TEGNA INC	1,620,187	$31,447,829
WEC	Wec Energy Group, Inc.	162,419	$17,128,707
HII	Huntington Ingalls Industries, Inc.	42,052	$14,300,623
BOX	Box Inc	353,000	$10,558,230
MSGE	Madison Square Garden Entertainment Corp.	113,259	$6,103,527
ALK	Alaska Air Group, Inc.	108,818	$5,473,544
ACHR	Archer Aviation Inc.	671,563	$5,050,153
PCTY	Paylocity Holding Corp	32,389	$4,939,322
BROS	Dutch Bros Inc.	79,777	$4,883,947
RLAY	Relay Therapeutics, Inc.	560,298	$4,740,121
BRBR	Bellring Brands, Inc.	172,606	$4,613,758
JD	JD.com, Inc.	160,000	$4,592,000
SDGR	Schrodinger, Inc.	248,053	$4,435,187
RYAN	Ryan Specialty Holdings, Inc.	80,978	$4,180,894
HNI	Hni Corp	98,627	$4,146,278
WING	Wingstop Inc.	17,115	$4,081,756
HRI	Herc Holdings Inc	27,255	$4,044,096
AGIO	Agios Pharmaceuticals, Inc.	147,950	$4,027,199
AR	ANTERO RESOURCES Corp	112,462	$3,875,440
SAIL	SailPoint, Inc.	189,906	$3,841,798
DUOL	Duolingo, Inc.	20,254	$3,554,577
CAVA	Cava Group, Inc.	57,821	$3,393,514
XP	XP Inc.	200,930	$3,289,224
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,404 positions · $87,034,029,591 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,404 positions by value · page 1 of 29

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	27,437,234	+2,376,025	$4,785,053,607	+2.4%	5.50%
VG	Venture Global, Inc. Energy	Reduced	251,315,622	-103,367,684	$3,960,734,202	+63.7%	4.55%
AAPL	Apple Inc. Technology	Added	13,781,816	+1,081,276	$3,497,687,080	+1.3%	4.02%
MSFT	Microsoft Corp Technology	Added	8,444,866	+225,285	$3,126,036,044	−21.4%	3.59%
GOOGL	Alphabet Inc. Communication Services	Added	8,260,396	+1,215,554	$2,375,359,471	+7.7%	2.73%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	9,592,224	-953,945	$1,997,772,489	−17.9%	2.30%
JNJ	Johnson & Johnson Healthcare	Reduced	5,900,802	-282,726	$1,442,392,039	+12.7%	1.66%
AZN	Astrazeneca PLC Healthcare	NEW	6,529,961	NEW	$1,287,838,906	NEW	1.48%
META	Meta Platforms, Inc. Communication Services	Added	2,244,608	+38,272	$1,284,207,573	−11.8%	1.48%
AVGO	Broadcom Inc. Technology	Reduced	3,729,773	-248,593	$1,154,402,040	−16.2%	1.33%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	3,415,115	-90,858	$1,004,590,226	−11.1%	1.15%
VICI	Vici Properties Inc. Real Estate	Added	30,960,260	+667,896	$845,834,301	−0.7%	0.97%
MA	Mastercard Inc Financial Services	Reduced	1,532,359	-143,999	$765,658,496	−20.0%	0.88%
TTE	TotalEnergies SE Energy	Added	8,071,367	+603,462	$734,332,968	+50.3%	0.84%
CSCO	Cisco Systems, Inc. Technology	Reduced	9,301,635	-1,169,966	$721,713,858	−10.5%	0.83%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	4,237,340	+890,925	$676,703,196	+31.6%	0.78%
LRCX	Lam Research Corp Technology	Reduced	3,133,919	-827,601	$669,593,130	−1.3%	0.77%
AMAT	Applied Materials Inc /De Technology	Added	1,947,511	+352,511	$665,639,783	+62.4%	0.76%
T	At&T Inc. Communication Services	Added	22,618,302	+4,006,599	$655,704,572	+41.8%	0.75%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	1,658,418	-30,300	$616,516,889	−18.8%	0.71%
MU	Micron Technology Inc Technology	Reduced	1,723,259	-6,343	$582,185,818	+17.9%	0.67%
LLY	ELI LILLY & Co Healthcare	Added	609,364	+85,225	$560,474,723	−0.5%	0.64%
QQQ	Invesco Qqq Trust, Series 1	Reduced	946,416	-162,550	$546,252,386	−19.8%	0.63%
MRK	Merck & Co., Inc. Healthcare	Added	4,248,290	+5,764	$511,026,801	+14.4%	0.59%
NFLX	Netflix Inc Communication Services	Reduced	5,139,383	-796,859	$494,151,674	−11.2%	0.57%
PLTR	Palantir Technologies Inc. Technology	Added	3,353,843	+142,819	$490,600,152	−14.0%	0.56%
QCOM	Qualcomm Inc/De Technology	Added	3,783,155	+19,915	$487,194,698	−24.3%	0.56%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	941,089	+112,292	$450,969,847	+8.3%	0.52%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	3,218,527	-926,903	$448,566,107	−11.8%	0.52%
MS	Morgan Stanley Financial Services	Added	2,724,880	+342,973	$448,433,499	+6.0%	0.52%
ROST	Ross Stores, Inc. Consumer Cyclical	Added	2,044,206	+1,299,536	$442,836,344	+230.1%	0.51%
ABT	Abbott Laboratories Healthcare	Reduced	4,313,075	-132,893	$442,823,408	−20.5%	0.51%
BMY	Bristol Myers Squibb Co Healthcare	Added	7,079,464	+1,409,578	$429,369,489	+40.4%	0.49%
MPC	Marathon Petroleum Corp Energy	Added	1,740,748	+154,852	$425,055,846	+64.8%	0.49%
VLO	Valero Energy Corp/Tx Energy	Reduced	1,681,737	-106,683	$415,523,577	+42.7%	0.48%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	1,193,294	+30,936	$403,273,705	+14.2%	0.46%
TEL	TE Connectivity plc Technology	Reduced	1,919,546	-176,314	$401,223,502	−15.9%	0.46%
V	Visa Inc. Financial Services	Reduced	1,294,684	-289,087	$391,305,290	−29.6%	0.45%
CMI	Cummins Inc Industrials	Added	707,158	+36,767	$380,465,145	+11.2%	0.44%
ACN	Accenture plc Technology	Added	1,810,319	+381,816	$358,968,152	−6.3%	0.41%
VZ	Verizon Communications Inc Communication Services	Reduced	7,055,887	-1,284,374	$354,205,525	+4.3%	0.41%
ABBV	AbbVie Inc. Healthcare	Added	1,608,138	+158,915	$349,753,932	+5.6%	0.40%
APH	Amphenol Corp /De/ Technology	Reduced	2,766,174	-452,280	$349,506,082	−19.6%	0.40%
CF	CF Industries Holdings, Inc. Basic Materials	Added	2,633,919	+9,009	$341,988,041	+68.5%	0.39%
LMT	Lockheed Martin Corp Industrials	Added	564,632	+127,818	$341,257,933	+61.5%	0.39%
EIX	Edison International Utilities	Added	4,620,365	+1,033,914	$338,118,309	+57.1%	0.39%
MO	Altria Group, Inc. Consumer Defensive	Reduced	5,111,844	-2,431,530	$337,330,584	−22.4%	0.39%
WMT	Walmart Inc. Consumer Defensive	Reduced	2,695,475	-1,630,165	$334,993,630	−30.5%	0.38%
CMCSA	Comcast Corp Communication Services	Reduced	11,620,749	-1,194,836	$333,631,701	−7.1%	0.38%
EBAY	Ebay Inc Consumer Cyclical	Added	3,664,244	+37,820	$333,519,486	+5.6%	0.38%