denkapparat Operations GmbH

CIK

1999514

Location

BERLIN, 2M

Portfolio Value

Small $241,449,196

Diversification

Diversified

Filing Date

Global Rank

#3,499 / 8,232 ▲ 791

Top Industry

Drug Manufacturers - General 5.6%

3Y Alpha vs SPY

+0.1%

Period ended 2 months ago

Filed May 11, 2026 · 33d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jun 2026 · vs SPY

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

Cloned portfolio

+23.5%

SPY

+23.4%

Annualised alpha

+0.1%

Max drawdown

−15.9%

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

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

Top Position

1.1%

−0.2 pts

Top 5

5.0%

−0.8 pts

Top 10

9.4%

−0.9 pts

HHI

Diversified−3

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	20.4%	$49,331,377	60
Healthcare	14.9%	$35,893,699	51
Industrials	13.7%	$33,072,017	52
Financial Services	12.7%	$30,672,223	50
Consumer Cyclical	9.5%	$22,947,814	34
Energy	8.8%	$21,350,880	25
Consumer Defensive	5.7%	$13,854,113	20
Communication Services	5.6%	$13,619,125	16
Basic Materials	4.2%	$10,148,565	11
Utilities	3.8%	$9,110,212	12
Real Estate	0.6%	$1,449,171	1

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
GSK	GSK plc	+30,382	35,370	$1,952,070
WU	Western Union CO	+19,982	47,688	$416,316
ACI	Albertsons Companies, Inc.	+17,628	73,748	$1,256,665
CVE	Cenovus Energy Inc.	+13,006	28,302	$750,852
CMCSA	Comcast Corp	+12,956	71,972	$2,066,316
TIGO	Millicom International Cellular SA	+10,286	14,864	$1,113,908
DVN	Devon Energy Corp/De	+10,072	29,156	$1,467,129
NFLX	Netflix Inc	+9,336	12,636	$1,214,951
CNK	Cinemark Holdings, Inc.	+8,424	55,642	$1,586,909
ENPH	Enphase Energy, Inc.	+8,090	16,300	$616,303
DBX	Dropbox, Inc.	+7,540	31,898	$724,722
FHN	First Horizon Corp	+7,480	41,772	$950,730
EIX	Edison International	+6,760	24,632	$1,802,569
KR	Kroger Co	+6,542	21,208	$1,534,610
TXT	Textron Inc	+6,208	12,380	$1,083,992
PEGA	Pegasystems Inc	+6,030	10,090	$429,430
PYPL	PayPal Holdings, Inc.	+5,908	25,020	$1,131,654
FE	Firstenergy Corp	+5,758	25,748	$1,304,393
OZK	Bank OZK	+5,606	20,776	$953,410
FTNT	Fortinet, Inc.	+5,140	11,272	$921,147
EQH	Equitable Holdings, Inc.	+4,894	9,792	$363,381
CROX	Crocs, Inc.	+4,804	7,728	$641,578
HIG	Hartford Insurance Group, Inc.	+4,600	7,846	$1,061,014
GLXY	Galaxy Digital Inc.	+4,576	23,914	$441,213
QRVO	Qorvo, Inc.	+4,394	8,244	$638,085
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
RF	Regions Financial Corp	−9,624	26,866	$701,739
BMY	Bristol Myers Squibb Co	−8,322	30,782	$1,866,928
CNQ	Canadian Natural Resources Ltd	−8,000	8,700	$423,951
MRK	Merck & Co., Inc.	−7,838	8,044	$967,612
CCL	Carnival Corp Ltd.	−7,764	12,298	$318,272
MO	Altria Group, Inc.	−7,618	10,976	$724,306
NEM	NEWMONT Corp /DE/	−5,770	16,764	$1,814,703
AIG	American International Group, Inc.	−5,300	6,286	$473,021
NJR	New Jersey Resources Corp	−4,332	5,202	$285,693
LRCX	Lam Research Corp	−4,132	8,214	$1,755,003
PTCT	Ptc Therapeutics, Inc.	−2,668	3,290	$224,147
ABNB	Airbnb, Inc.	−2,012	3,740	$472,287
BMRN	Biomarin Pharmaceutical Inc	−1,886	11,938	$674,377
RTX	RTX Corp	−1,354	1,942	$374,611
MSFT	Microsoft Corp	−1,280	1,662	$615,222
AMAT	Applied Materials Inc /De	−1,236	3,910	$1,336,398
WDC	Western Digital Corp	−1,038	1,270	$343,522
IDCC	InterDigital, Inc.	−1,008	6,332	$1,912,264
BNY	Bank of New York Mellon Corp	−1,002	6,608	$783,907
GNRC	Generac Holdings Inc.	−922	1,076	$210,175
LEA	Lear Corp	−916	2,574	$311,659
UNP	Union Pacific Corp	−708	1,742	$422,644
LHX	L3harris Technologies, Inc. /De/	−638	1,676	$578,471
ELV	Elevance Health, Inc.	−586	1,746	$511,141
CMI	Cummins Inc	−436	866	$465,925
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
ERIC	Ericsson Lm Telephone Co	222,462	$2,507,146
LOGI	Logitech International S.A.	26,760	$2,438,371
CB	Chubb Ltd	6,916	$2,254,131
ALV	Autoliv Inc	19,784	$2,080,485
SHEL	Shell plc	19,038	$1,770,534
SNY	Sanofi	34,572	$1,665,678
SUNB	Sunbelt Rentals Holdings, Inc.	19,834	$1,290,995
SAP	Sap SE	6,746	$1,154,982
TTE	TotalEnergies SE	11,588	$1,054,276
HAL	Halliburton Co	25,240	$984,107
HOLX	HOLOGIC INC	12,494	$944,421
PEP	Pepsico Inc	5,666	$879,873
TRV	Travelers Companies, Inc.	2,962	$863,956
UPS	United Parcel Service Inc	8,716	$857,480
MRVL	Marvell Technology, Inc.	8,576	$849,452
NOK	Nokia Corp	98,238	$789,833
DINO	HF Sinclair Corp	12,558	$783,493
PARR	Par Pacific Holdings, Inc.	10,656	$667,491
WTW	Willis Towers Watson PLC	2,234	$649,423
CRTO	Criteo S.A.	32,718	$586,633
NXPI	NXP Semiconductors N.V.	2,944	$579,555
VRSN	Verisign Inc/Ca	2,306	$572,718
WWD	Woodward, Inc.	1,574	$563,366
SWKS	Skyworks Solutions, Inc.	10,498	$562,167
T	At&T Inc.	19,236	$557,651
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
FCX	Freeport-Mcmoran Inc	17,242	$875,721
GM	General Motors Co	10,504	$854,185
C	Citigroup Inc	5,250	$612,622
D	Dominion Energy, Inc	10,028	$587,540
GS	Goldman Sachs Group Inc	604	$530,916
MSI	Motorola Solutions, Inc.	1,348	$516,715
CBRE	Cbre Group, Inc.	3,152	$506,810
MMM	3M Co	3,018	$483,181
WTRG	Essential Utilities, Inc.	12,528	$480,574
SPGI	S&P Global Inc.	774	$404,484
CTVA	Corteva, Inc.	5,600	$375,368
SO	Southern Co	4,288	$373,913
CSX	Csx Corp	10,254	$371,707
ABBV	AbbVie Inc.	1,604	$366,497
TXRH	Texas Roadhouse, Inc.	2,030	$336,980
EVRG	Evergy, Inc.	4,374	$317,071
ITW	Illinois Tool Works Inc	1,238	$304,919
VRT	Vertiv Holdings Co	1,634	$264,724
TVTX	Travere Therapeutics, Inc.	6,634	$253,485
CBSH	Commerce Bancshares Inc /Mo/	4,682	$245,055
APPF	Appfolio Inc	1,036	$241,025
HNI	Hni Corp	5,626	$236,517
IT	Gartner Inc	922	$232,602
HLI	Houlihan Lokey, Inc.	1,270	$221,221
ALRM	Alarm.com Holdings, Inc.	4,314	$220,100
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

332 positions · $241,449,196 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 332 positions by value · page 1 of 7

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ASML	Asml Holding NV Technology	Added	2,012	+1,744	$2,657,509	+826.9%	1.10%
ERIC	Ericsson Lm Telephone Co Technology	NEW	222,462	NEW	$2,507,146	NEW	1.04%
LOGI	Logitech International S.A. Technology	NEW	26,760	NEW	$2,438,371	NEW	1.01%
SU	Suncor Energy Inc Energy	Added	34,600	+3,400	$2,287,406	+65.3%	0.95%
CB	Chubb Ltd Financial Services	NEW	6,916	NEW	$2,254,131	NEW	0.93%
ALL	Allstate Corp Financial Services	Added	10,556	+3,964	$2,188,681	+59.5%	0.91%
CF	CF Industries Holdings, Inc. Basic Materials	Added	16,826	+1,738	$2,184,687	+87.2%	0.90%
NVDA	Nvidia Corp Technology	Added	12,134	+4,082	$2,116,169	+40.9%	0.88%
ALV	Autoliv Inc Consumer Cyclical	NEW	19,784	NEW	$2,080,485	NEW	0.86%
CMCSA	Comcast Corp Communication Services	Added	71,972	+12,956	$2,066,316	+25.0%	0.86%
GILD	Gilead Sciences, Inc. Healthcare	Added	14,028	+2,240	$1,955,082	+35.1%	0.81%
GSK	GSK plc Healthcare	Added	35,370	+30,382	$1,952,070	+698.0%	0.81%
ADBE	Adobe Inc. Technology	Added	7,964	+2,724	$1,935,889	+5.6%	0.80%
IDCC	InterDigital, Inc. Technology	Reduced	6,332	-1,008	$1,912,264	−18.2%	0.79%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	30,782	-8,322	$1,866,928	−11.5%	0.77%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	16,764	-5,770	$1,814,703	−19.3%	0.75%
EIX	Edison International Utilities	Added	24,632	+6,760	$1,802,569	+68.0%	0.75%
KGC	Kinross Gold Corp Basic Materials	Held	58,560	0	$1,787,251	+8.4%	0.74%
SHEL	Shell plc Energy	NEW	19,038	NEW	$1,770,534	NEW	0.73%
LRCX	Lam Research Corp Technology	Reduced	8,214	-4,132	$1,755,003	−17.0%	0.73%
BYD	Boyd Gaming Corp Consumer Cyclical	Added	20,946	+2,750	$1,721,342	+11.0%	0.71%
FIX	Comfort Systems USA Inc Industrials	Held	1,246	0	$1,718,221	+47.8%	0.71%
EOG	Eog Resources Inc Energy	Added	11,746	+1,788	$1,698,119	+62.4%	0.70%
SNY	Sanofi Healthcare	NEW	34,572	NEW	$1,665,678	NEW	0.69%
AAPL	Apple Inc. Technology	Added	6,376	+1,018	$1,618,165	+11.1%	0.67%
AMGN	Amgen Inc Healthcare	Added	4,574	+770	$1,609,361	+29.3%	0.67%
CNK	Cinemark Holdings, Inc. Communication Services	Added	55,642	+8,424	$1,586,909	+44.6%	0.66%
APA	APA Corp Energy	Held	37,362	0	$1,585,643	+73.5%	0.66%
AVGO	Broadcom Inc. Technology	Added	5,106	+3,756	$1,580,358	+238.2%	0.65%
QCOM	Qualcomm Inc/De Technology	Added	11,948	+1,714	$1,538,663	−12.1%	0.64%
KR	Kroger Co Consumer Defensive	Added	21,208	+6,542	$1,534,610	+67.5%	0.64%
INCY	Incyte Corp Healthcare	Added	16,236	+3,166	$1,528,132	+18.4%	0.63%
GD	General Dynamics Corp Industrials	Added	4,296	+446	$1,474,473	+13.8%	0.61%
ROST	Ross Stores, Inc. Consumer Cyclical	Added	6,782	+3,326	$1,469,184	+136.0%	0.61%
DVN	Devon Energy Corp/De Energy	Added	29,156	+10,072	$1,467,129	+109.9%	0.61%
JLL	Jones Lang Lasalle Inc Real Estate	Added	4,762	+592	$1,449,171	+3.3%	0.60%
NOC	Northrop Grumman Corp /De/ Industrials	Added	2,092	+550	$1,427,246	+62.3%	0.59%
EME	EMCOR Group, Inc. Industrials	Held	1,904	0	$1,405,742	+20.7%	0.58%
FOXA	Fox Corp Communication Services	Added	22,976	+2,872	$1,341,798	−8.7%	0.56%
AMAT	Applied Materials Inc /De Technology	Reduced	3,910	-1,236	$1,336,398	+1.1%	0.55%
PEG	Public Service Enterprise Group Inc Utilities	Added	16,368	+3,240	$1,324,989	+25.7%	0.55%
JNJ	Johnson & Johnson Healthcare	Added	5,380	+2,606	$1,315,087	+129.1%	0.54%
FE	Firstenergy Corp Utilities	Added	25,748	+5,758	$1,304,393	+45.8%	0.54%
SAM	Boston Beer Co Inc Consumer Defensive	Added	5,616	+806	$1,293,926	+37.9%	0.54%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	19,834	NEW	$1,290,995	NEW	0.53%
KLAC	Kla Corp Technology	Reduced	862	-142	$1,269,217	+4.0%	0.53%
ACI	Albertsons Companies, Inc. Consumer Defensive	Added	73,748	+17,628	$1,256,665	+30.4%	0.52%
PTC	Ptc Inc. Technology	Added	8,746	+3,526	$1,246,217	+37.0%	0.52%
MLI	Mueller Industries Inc Industrials	Held	11,230	0	$1,244,284	−3.5%	0.52%
LMT	Lockheed Martin Corp Industrials	Reduced	2,050	-82	$1,238,999	+20.2%	0.51%