Allianz Asset Management GmbH
Reported US equity positions for Q1 2026 — $86.6B across 3,268 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $4.2B | 4.8% | 23,939,334 |
| VG Venture Global INC | $4.0B | 4.6% | 251,315,622 |
| AAPL Apple Inc. | $3.2B | 3.7% | 12,741,916 |
| MSFT Microsoft Corporation | $2.8B | 3.2% | 7,565,666 |
| GOOGL Alphabet Inc. | $2.0B | 2.4% | 7,093,196 |
| AMZN Amazon.com, Inc. | $1.7B | 2.0% | 8,392,724 |
| SPYM State Street SPDR Portfolio S&P 500 ETF | $1.5B | 1.8% | 19,841,003 |
| JNJ Johnson & Johnson | $1.4B | 1.6% | 5,690,502 |
| G0593M107 Astrazeneca PLC | $1.3B | 1.5% | 6,529,961 |
| GOOG Alphabet Inc. - Class C Capital Stock | $1.3B | 1.5% | 4,383,906 |
| META Meta Platforms, Inc. | $1.1B | 1.2% | 1,838,908 |
| AVGO Broadcom Inc. | $1.0B | 1.2% | 3,274,573 |
| JPM JP Morgan Chase & Co. | $912.2M | 1.1% | 3,101,015 |
| VICI VICI Properties Inc. | $845.8M | 1.0% | 30,960,260 |
| F92124100 Totalenergies Se | $752.4M | 0.9% | 8,071,367 |
| CSCO Cisco Systems, Inc. | $699.4M | 0.8% | 9,013,935 |
| MA Mastercard Incorporated | $688.3M | 0.8% | 1,377,559 |
| TJX The TJX Companies, Inc. | $666.4M | 0.8% | 4,172,740 |
| IVV iShares Core S&P 500 ETF | $641.4M | 0.7% | 981,961 |
| T AT&T Inc. | $637.0M | 0.7% | 21,971,802 |
| LRCX Lam Research Corporation | $632.0M | 0.7% | 2,957,819 |
| AMAT Applied Materials, Inc. | $627.6M | 0.7% | 1,836,311 |
| MU Micron Technology, Inc. | $552.8M | 0.6% | 1,636,359 |
| TSLA Tesla, Inc. | $516.2M | 0.6% | 1,388,618 |
| MRK Merck & Company, Inc. Common Stock (new) | $476.9M | 0.6% | 3,964,890 |
| LLY Eli Lilly and Company | $464.3M | 0.5% | 504,764 |
| QCOM QUALCOMM Incorporated | $461.3M | 0.5% | 3,581,855 |
| NFLX Netflix, Inc. | $445.8M | 0.5% | 4,636,783 |
| ROST Ross Stores, Inc. | $438.7M | 0.5% | 2,025,106 |
| PLTR Palantir Technologies Inc. | $436.6M | 0.5% | 2,984,943 |
| GILD Gilead Sciences, Inc. | $431.2M | 0.5% | 3,094,227 |
| MS Morgan Stanley | $430.1M | 0.5% | 2,613,380 |
| ABT Abbott Laboratories | $423.4M | 0.5% | 4,124,075 |
| BMY Bristol-Myers Squibb Company | $417.3M | 0.5% | 6,879,864 |
| MPC Marathon Petroleum Corporation | $415.0M | 0.5% | 1,699,648 |
| PMBS Pimco Etf Tr | $413.3M | 0.5% | 8,332,736 |
| VLO Valero Energy Corporation | $404.0M | 0.5% | 1,635,237 |
| G87052109 Te Connectivity PLC | $396.3M | 0.5% | 1,896,146 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $394.5M | 0.5% | 1,167,294 |
| CMI Cummins Inc. | $376.6M | 0.4% | 699,958 |
| CF CF Industries Holdings, Inc. | $342.0M | 0.4% | 2,633,919 |
| G1151C101 Accenture PLC Ireland | $340.4M | 0.4% | 1,716,819 |
| LMT Lockheed Martin Corporation | $338.4M | 0.4% | 559,832 |
| EIX Edison International | $338.1M | 0.4% | 4,620,365 |
| APH Amphenol Corporation | $336.0M | 0.4% | 2,658,974 |
| EBAY eBay Inc. | $333.5M | 0.4% | 3,664,244 |
| LNG Cheniere Energy, Inc. | $329.6M | 0.4% | 1,161,415 |
| BAC Bank of America Corporation | $329.4M | 0.4% | 6,561,087 |
| MO Altria Group, Inc. | $328.1M | 0.4% | 4,971,344 |
| CMCSA Comcast Corporation | $326.8M | 0.4% | 11,382,849 |
| TGT Target Corporation | $319.4M | 0.4% | 2,635,207 |
| V Visa Inc. | $315.4M | 0.4% | 1,043,484 |
| NEM Newmont Corporation | $313.4M | 0.4% | 2,894,960 |
| BRK.B Berkshire Hathaway Inc. | $308.9M | 0.4% | 644,689 |
| FDX FedEx Corporation | $307.4M | 0.4% | 863,005 |
| ABBV AbbVie Inc. | $303.2M | 0.4% | 1,393,938 |
| PEP PepsiCo, Inc. | $295.9M | 0.3% | 1,905,586 |
| CVS CVS Health Corporation | $293.3M | 0.3% | 4,083,392 |
| SYF Synchrony Financial | $284.5M | 0.3% | 4,182,101 |
| ECL Ecolab Inc. | $280.2M | 0.3% | 1,053,414 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | Add | $4.2B | $4.1B | +10% |
| VG Venture Global INC | Trim | $4.0B | $2.4B | -29% |
| AAPL Apple Inc. | Add | $3.2B | $3.2B | +8% |
| MSFT Microsoft Corporation | Add | $2.8B | $3.6B | +2% |
| GOOGL Alphabet Inc. | Add | $2.0B | $2.1B | +7% |
| AMZN Amazon.com, Inc. | Trim | $1.7B | $2.2B | -11% |
| SPYM State Street SPDR Portfolio S&P 500 ETF | Add | $1.5B | $406.8M | +291% |
| JNJ Johnson & Johnson | Trim | $1.4B | $1.2B | -5% |
| GOOG Alphabet Inc. - Class C Capital Stock | Add | $1.3B | $1.3B | +6% |
| META Meta Platforms, Inc. | Trim | $1.1B | $1.3B | -3% |
| AVGO Broadcom Inc. | Trim | $1.0B | $1.2B | -7% |
| JPM JP Morgan Chase & Co. | Trim | $912.2M | $1.0B | -4% |
| VICI VICI Properties Inc. | Add | $845.8M | $851.8M | +2% |
| F92124100 Totalenergies Se | Add | $752.4M | $487.6M | +8% |
| CSCO Cisco Systems, Inc. | Trim | $699.4M | $788.6M | -12% |
| MA Mastercard Incorporated | Trim | $688.3M | $873.9M | -10% |
| TJX The TJX Companies, Inc. | Add | $666.4M | $506.0M | +27% |
| IVV iShares Core S&P 500 ETF | Trim | $641.4M | $5.7B | -88% |
| T AT&T Inc. | Add | $637.0M | $447.3M | +22% |
| LRCX Lam Research Corporation | Trim | $632.0M | $639.8M | -21% |
| AMAT Applied Materials, Inc. | Add | $627.6M | $341.9M | +38% |
| MU Micron Technology, Inc. | Add | $552.8M | $438.9M | +6% |
| TSLA Tesla, Inc. | Trim | $516.2M | $637.8M | -2% |
| LLY Eli Lilly and Company | Add | $464.3M | $459.3M | +18% |
| NFLX Netflix, Inc. | Trim | $445.8M | $511.3M | -15% |
| ROST Ross Stores, Inc. | Add | $438.7M | $129.6M | +182% |
| PLTR Palantir Technologies Inc. | Add | $436.6M | $436.1M | +22% |
| GILD Gilead Sciences, Inc. | Trim | $431.2M | $494.7M | -23% |
| MS Morgan Stanley | Add | $430.1M | $406.1M | +14% |
| ABT Abbott Laboratories | Trim | $423.4M | $530.4M | -3% |
| BMY Bristol-Myers Squibb Company | Add | $417.3M | $296.4M | +25% |
| MPC Marathon Petroleum Corporation | Add | $415.0M | $252.3M | +10% |
| PMBS Pimco Etf Tr | Add | $413.3M | $349.9M | +18% |
| VLO Valero Energy Corporation | Trim | $404.0M | $282.4M | -6% |
| G87052109 Te Connectivity PLC | Trim | $396.3M | $452.4M | -5% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Add | $394.5M | $345.3M | +3% |
| CMI Cummins Inc. | Add | $376.6M | $338.6M | +6% |
| G1151C101 Accenture PLC Ireland | Add | $340.4M | $361.0M | +28% |
| LMT Lockheed Martin Corporation | Add | $338.4M | $205.5M | +32% |
| EIX Edison International | Add | $338.1M | $215.3M | +29% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.