SEC 13F Intelligence

Managers / Q1 2026

COMMERZBANK AKTIENGESELLSCHAFT /FI

CIK 0000852933 · 1 KAISERPLATZ, FRANKFURT, 2M, 60311 · 496913629502

Reported Value
$4.8B
Q1 2026
Positions
354
Filings on Record
59
2019–present window
Filed
May 7, 2026
original filing

Summary

Commerzbank Aktiengesellschaft /Fi reported $4.8B in U.S.-listed holdings across 354 positions for Q1 2026.

Its largest position, MSFT, represents 6.0% of the portfolio.

Compared with Q4 2025, the fund opened 20 new positions and exited 40.

Portfolio Metrics

Turnover
+11.8%
vs prior filed quarter
Top-10 Concentration
+41.9%
share of reported value
Largest Position
+6.0%
Microsoft
New / Exited
20 / 40
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $11.0BQ1 ’19Q2 ’19: $12.6BQ3 ’19: $13.1BQ4 ’19: $10.3BQ1 ’20: $2.2BQ1 ’20Q2 ’20: $938MQ3 ’20: $1.0BQ4 ’20: $1.3BQ1 ’21: $1.5BQ1 ’21Q2 ’21: $1.6BQ3 ’21: $1.7BQ4 ’21: $1.8BQ1 ’22: $1.8BQ1 ’22Q2 ’22: $1.4BQ3 ’22: $1.4BQ4 ’22: $1.6BQ1 ’23: $1.9BQ1 ’23Q2 ’23: $2.0BQ3 ’23: $2.1BQ4 ’23: $2.5BQ1 ’24: $3.0BQ1 ’24Q2 ’24: $3.0BQ3 ’24: $3.8BQ4 ’24: $4.2BQ1 ’25: $4.3BQ1 ’25Q2 ’25: $4.4BQ3 ’25: $4.8BQ4 ’25: $4.9BQ1 ’26: $4.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 99.1%REIT: 0.8%ADR: 0.1%
  • Common Stock · 99.1% · $4.7B
  • REIT · 0.8% · $40M
  • ADR · 0.1% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DOWDOW HLDGS INCNEW+164.4K164.4K+$7M$7M
SPOTSPOTIFY TECHNOLOGY SANEW+6.0K6.0K+$3M$3M
AMCRAMCOR PLCNEW+43.1K43.1K+$2M$2M
CDWCDW CORP/DENEW+13.1K13.1K+$2M$2M
FIXCOMFORT SYS USA INCNEW+1.1K1.1K+$2M$2M
EGEVEREST GROUP LTDNEW+3.6K3.6K+$1M$1M
JBLJABIL INCNEW+3.5K3.5K+$931,000$931,000
KGCKINROSS GOLD CORPNEW+29.9K29.9K+$911,000$911,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

353 positions (from 354 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM5.96%$285M769.8K
2GOOGLALPHABET INCCAP STK CL A · CAP STK CL C5.94%$284M988.2K
3AAPLAPPLE INChistory →COM5.54%$265M1.04M
4CVXCHEVRON CORPORATIONhistory →COM4.15%$198M958.6K
5CSCOCISCO SYS INChistory →COM4.13%$197M2.55M
6KOCOCA COLA COhistory →COM3.50%$168M2.20M
7IBMINTERNATIONAL BUSINESS MACHShistory →COM3.46%$165M682.6K
8VVISA INChistory →COM CL A3.19%$153M505.3K
9JNJJOHNSON & JOHNSONhistory →COM3.04%$146M595.3K
10JPMJPMORGAN CHASE & COhistory →COM2.98%$143M485.2K
11EXMOCEXXON MOBIL CORPhistory →COM2.95%$141M831.6K
12DEUTSCHE BK AGNAMEN AKT2.91%$139M4.68M
13AVGOBROADCOM INChistory →COM2.81%$134M434.3K
14NVDANVIDIA CORPORATIONhistory →COM2.72%$130M745.8K
15METAMETA PLATFORMS INChistory →CL A2.09%$100M174.9K
16HONHONEYWELL INTL INChistory →COM2.08%$100M441.0K
17PGPROCTER & GAMBLE COhistory →COM1.99%$95M658.9K
18AMZNAMAZON COM INChistory →COM1.70%$81M390.1K
19CATCATERPILLAR INChistory →COM1.67%$80M113.1K
20CMCSACOMCAST CORP NEWhistory →CL A1.53%$73M2.55M
21CRMSALESFORCE INChistory →COM1.49%$71M380.6K
22VZVERIZON COMMUNICATIONS INChistory →COM1.46%$70M1.39M
23AMGNAMGEN INChistory →COM1.43%$69M194.8K
24MCDMCDONALDS CORPhistory →COM1.38%$66M212.3K
25QCOMQUALCOMM INChistory →COM1.34%$64M498.1K
26PEPPEPSICO INChistory →COM1.33%$64M409.1K
27HDHOME DEPOT INChistory →COM1.23%$59M178.7K
28AEPAMERICAN ELEC PWR CO INChistory →COM1.23%$59M448.3K
29GSGOLDMAN SACHS GROUP INChistory →COM1.13%$54M63.9K
30PANWPALO ALTO NETWORKS INChistory →COM1.00%$48M299.7K
31HPQHP INChistory →COM0.85%$41M2.12M
32MDLZMONDELEZ INTL INChistory →CL A0.68%$33M564.0K
33TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.66%$31M64.0K
34LLYELI LILLY & COhistory →COM0.63%$30M32.6K
35WMWASTE MGMT INC DELhistory →COM0.62%$30M130.0K
36UNHUNITEDHEALTH GROUP INChistory →COM0.56%$27M99.6K
37NFLXNETFLIX INC.history →COM0.55%$26M274.6K
38ORCLORACLE CORPhistory →COM0.55%$26M178.4K
39MRKMERCK & CO INChistory →COM0.50%$24M199.4K
40MAMASTERCARD INCORPORATEDhistory →CL A0.44%$21M42.3K
41WMTWALMART INChistory →COM0.44%$21M169.9K
42BACBANK AMERICA CORPhistory →COM0.37%$18M362.1K
43CMECME GROUP INChistory →COM0.34%$16M54.4K
44ABBVABBVIE INChistory →COM0.33%$16M72.1K
45GE AEROSPACECOM NEW0.33%$16M55.1K
46BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.32%$15M32.1K
47TAT&T INChistory →COM0.32%$15M521.4K
48BLKBLACKROCK INChistory →COM0.27%$13M13.5K
49ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.26%$12M63.0K
50PFEPFIZER INChistory →COM0.26%$12M444.4K
51TXNTEXAS INSTRS INChistory →COM0.26%$12M63.3K
52ABTABBOTT LABORATORIEShistory →COM0.25%$12M117.2K
53COSTCOSTCO WHOLESALE CORPORATIONhistory →COM0.23%$11M11.1K
54TSLATESLA INChistory →COM0.23%$11M29.2K
55XYLXYLEM INChistory →COM0.22%$11M87.9K
56USBUS BANCORPhistory →COM0.21%$10M196.4K
57DUKDUKE ENERGY CORP NEWCOM NEW0.20%$10M73.9K
58WFCWELLS FARGO & COCOM0.20%$9M117.9K
59COPCONOCOPHILLIPSCOM0.19%$9M70.2K
60AMATAPPLIED MATLS INCCOM0.19%$9M26.0K
61UPSUNITED PARCEL SVCS INCCL B0.19%$9M90.3K
62ADBEADOBE INCCOM0.18%$9M36.0K
63KLACKLA CORPCOM NEW0.18%$9M5.9K
64LINLINDE PLCCOM0.18%$9M17.4K
65PLTRPALANTIR TECHNOLOGIES INCCL A0.17%$8M55.7K
66NOWSERVICENOW INCCOM0.17%$8M76.1K
67FDXFEDEX CORPCOM0.16%$8M21.7K
68GILDGILEAD SCIENCES INCCOM0.16%$8M54.8K
69METMETLIFE INCCOM0.16%$8M106.8K
70CVSCVS HEALTH CORPCOM0.15%$7M102.1K
71TRVTRAVELERS COMPANIES INCCOM0.15%$7M24.9K
72TROWPRICE T ROWE GROUP INCCOM0.14%$7M76.2K
73DOWDOW HLDGS INCCOM0.14%$7M164.4K
74INTCINTEL CORPCOM0.14%$7M154.6K
75NKENIKE INCCL B0.14%$7M125.4K
76AMTAMERICAN TOWER CORPCOM0.14%$6M37.6K
77MMM3M COCOM0.14%$6M44.6K
78ANETARISTA NETWORKS INCCOM SHS0.13%$6M50.8K
79SBUXSTARBUCKS CORPCOM0.13%$6M69.0K
80HALHALLIBURTON COCOM0.13%$6M158.4K
81OKEONEOK INCCOM0.13%$6M67.7K
82NEMNEWMONT CORPCOM0.13%$6M56.0K
83SLBSLB LIMITEDCOM STK0.13%$6M117.0K
84AXPAMERICAN EXPRESS COCOM0.12%$6M19.5K
85SCHWSCHWAB CHARLES CORPCOM0.12%$6M61.1K
86UNPUNION PACIFIC CORPCOM0.12%$6M23.5K
87LOWLOWE'S COS INCCOM0.11%$5M22.8K
88ADIANALOG DEVICES INCCOM0.11%$5M16.4K
89MCOMOODYS CORPCOM0.11%$5M11.8K
90MNSTMONSTER BEVERAGE CORP NEWCOM0.10%$5M67.9K
91CCICROWN CASTLE INCCOM0.10%$5M60.5K
92DISDISNEY WALT COCOM0.10%$5M50.8K
93MSMORGAN STANLEYCOM0.10%$5M29.2K
94ISRGINTUITIVE SURGICAL INCCOM NEW0.10%$5M10.3K
95GLWCORNING INCCOM0.10%$5M33.8K
96SYKSTRYKER CORPORATIONCOM0.10%$5M13.9K
97TSMTAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS0.09%$4M12.6K
98ELVELEVANCE HEALTH INCCOM0.09%$4M14.4K
99KMBKIMBERLY-CLARK CORPCOM0.09%$4M42.3K
100MDTMEDTRONIC PLCCOM0.09%$4M46.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$4.8B354May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$4.9B374Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$4.8B354Oct 31, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.4B359Jul 24, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.3B349May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.2B334Feb 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.8B303Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$3.0B244Jul 22, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.0B245May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.5B201Sep 30, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2023$2.1B141Sep 30, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2023$2.0B134Oct 1, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2023$1.9B126Oct 2, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2022$1.6B127Oct 2, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2022$1.4B123Oct 2, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2022$1.4B68Oct 2, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2022$1.8B69Oct 2, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2021$1.8B72Oct 2, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2021$1.7B76Oct 1, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2021$1.6B70Oct 2, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2021$1.5B78Oct 2, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2020$1.3B87Oct 3, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2020$1.0B88Oct 3, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2020$938M97Oct 3, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2020$2.2B458Oct 3, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2019$10.3B707Oct 3, 2024RESTATEMENTchanges · EDGAR ↗
Q3 2019$13.1B828Oct 3, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2019$12.6B1,057Oct 3, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2019$11.0B860Oct 3, 2024RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.