SEC 13F Intelligence

Managers / Q2 2025 · view latest →

COMMERZBANK AKTIENGESELLSCHAFT /FI

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

Reported Value
$4.4B
Q2 2025
Positions
359
Filings on Record
59
2019–present window
Filed
Jul 24, 2025
original filing

Summary

Commerzbank Aktiengesellschaft /Fi reported $4.4B in U.S.-listed holdings across 359 positions for Q2 2025.

Its largest position, MSFT, represents 10.2% of the portfolio.

Compared with Q1 2025, the fund opened 24 new positions and exited 24.

Portfolio Metrics

Turnover
+12.3%
vs prior filed quarter
Top-10 Concentration
+45.6%
share of reported value
Largest Position
+10.2%
Microsoft
New / Exited
24 / 24
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: 99.0%REIT: 1.0%ADR: 0.0%Other: 0.0%
  • Common Stock · 99.0% · $4.3B
  • REIT · 1.0% · $42M
  • ADR · 0.0% · $2M
  • Other · 0.0% · $446,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HALHALLIBURTON CONEW+127.3K127.3K+$3M$3M
IPGINTERPUBLIC GROUP OF COS INCNEW+99.8K99.8K+$2M$2M
JCIJOHNSON CONTROLS INTERNATIONNEW+15.9K15.9K+$2M$2M
SHOPSHOPIFY INCNEW+13.9K13.9K+$2M$2M
RCLROYAL CARIBBEAN CRUISES LTDNEW+1.9K1.9K+$605,000$605,000
BGBUNGE GLOBAL SANEW+7.0K7.0K+$562,000$562,000
COINCOINBASE GLOBAL INC -CLASS ANEW+1.5K1.5K+$537,000$537,000
DVNDEVON ENERGY CORPNEW+16.3K16.3K+$520,000$520,000

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

Holdings — Q2 2025

349 positions (from 358 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM10.24%$447M898.2K
2GOOGLALPHABET INCCAP STK CL A · CAP STK CL C7.10%$310M1.76M
3AAPLAPPLE INChistory →COM5.00%$218M1.06M
4AVGOBROADCOM INChistory →COM4.04%$176M640.0K
5NVDANVIDIA CORPORATIONhistory →COM3.54%$154M977.3K
6JPMJPMORGAN CHASE & CO.history →COM3.47%$152M522.7K
7IBMINTERNATIONAL BUSINESS MACHShistory →COM3.45%$151M511.3K
8KOCOCA COLA COhistory →COM3.10%$135M1.91M
9JNJJOHNSON & JOHNSONhistory →COM2.94%$128M840.2K
10VVISA INChistory →COM CL A2.73%$119M335.1K
11CVXCHEVRON CORP NEWhistory →COM2.69%$117M820.3K
12MCDMCDONALDS CORPhistory →COM2.44%$106M364.5K
13TAT&T INChistory →COM2.44%$106M3.68M
14CSCOCISCO SYS INChistory →COM2.43%$106M1.53M
15METAMETA PLATFORMS INChistory →CL A2.36%$103M139.2K
16PGPROCTER AND GAMBLE COhistory →COM2.28%$100M625.2K
17AMZNAMAZON COM INChistory →COM2.23%$97M443.6K
18AMGNAMGEN INChistory →COM2.08%$91M325.8K
19QCOMQUALCOMM INChistory →COM1.70%$74M464.8K
20PANWPALO ALTO NETWORKS INChistory →COM1.58%$69M336.3K
21HONHONEYWELL INTL INChistory →COM1.55%$68M290.1K
22EXMOCEXXON MOBIL CORPhistory →COM1.52%$66M614.9K
23CATCATERPILLAR INChistory →COM1.49%$65M167.4K
24ORCLORACLE CORPhistory →COM1.29%$56M257.5K
25HDHOME DEPOT INChistory →COM0.98%$43M117.2K
26TMUST-MOBILE US INChistory →COM0.90%$39M164.6K
27GSGOLDMAN SACHS GROUP INChistory →COM0.89%$39M55.1K
28PEPPEPSICO INChistory →COM0.78%$34M257.9K
29LLYELI LILLY & COhistory →COM0.72%$32M40.5K
30NFLXNETFLIX INChistory →COM0.70%$31M22.8K
31ABTABBOTT LABShistory →COM0.70%$31M224.3K
32MDLZMONDELEZ INTL INChistory →CL A0.70%$30M449.9K
33TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.67%$29M71.9K
34MAMASTERCARD INCORPORATEDhistory →CL A0.62%$27M48.0K
35WMWASTE MGMT INC DELhistory →COM0.56%$24M106.7K
36SYKSTRYKER CORPORATIONhistory →COM0.55%$24M60.9K
37ABBVABBVIE INChistory →COM0.55%$24M129.7K
38BKNGBOOKING HOLDINGS INChistory →COM0.54%$24M4.1K
39GE AEROSPACECOM NEW0.45%$19M75.6K
40CMCSACOMCAST CORP NEWhistory →CL A0.44%$19M532.3K
41UNHUNITEDHEALTH GROUP INChistory →COM0.40%$17M55.3K
42CRMSALESFORCE INChistory →COM0.36%$16M58.1K
43MRKMERCK & CO INChistory →COM0.36%$16M198.3K
44ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.34%$15M50.0K
45CMECME GROUP INChistory →COM0.31%$14M49.7K
46DEUTSCHE BANK A GNAMEN AKT0.31%$14M463.7K
47BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.31%$13M27.4K
48METMETLIFE INChistory →COM0.29%$12M155.0K
49DEDEERE & COhistory →COM0.28%$12M23.7K
50VZVERIZON COMMUNICATIONS INChistory →COM0.27%$12M269.4K
51XYLXYLEM INChistory →COM0.26%$11M88.4K
52PFEPFIZER INChistory →COM0.25%$11M454.9K
53TRVTRAVELERS COMPANIES INCCOM0.22%$10M36.3K
54COSTCOSTCO WHSL CORP NEWCOM0.22%$10M9.8K
55UPSUNITED PARCEL SERVICE INCCL B0.22%$10M96.0K
56WMTWALMART INCCOM0.22%$10M98.1K
57INTCINTEL CORPCOM0.22%$10M424.1K
58USBUS BANCORPCOM0.22%$9M209.8K
59BACBANK AMERICA CORPCOM0.22%$9M199.1K
60FDXFEDEX CORPCOM0.21%$9M39.6K
61DISDISNEY WALT COCOM0.21%$9M72.5K
62DUKDUKE ENERGY CORP NEWCOM NEW0.19%$8M70.6K
63TSLATESLA INCCOM0.19%$8M26.1K
64AXPAMERICAN EXPRESS COCOM0.18%$8M25.0K
65NKENIKE INCCL B0.18%$8M110.1K
66ADPAUTOMATIC DATA PROCESSING INCOM0.18%$8M25.1K
67SJMJM SMUCKER CO/THECOM0.17%$8M77.0K
68TXNTEXAS INSTRS INCCOM0.17%$7M35.5K
69AMTAMERICAN TOWER CORP NEWCOM0.16%$7M31.9K
70ISRGINTUITIVE SURGICAL INCCOM NEW0.14%$6M11.1K
71LINLINDE PLCCOM0.14%$6M12.6K
72KLACKLA CORPCOM NEW0.13%$6M6.4K
73ADBEADOBE INCCOM0.13%$6M14.5K
74NEMNEWMONT CORPCOM0.13%$6M95.4K
75SNPSSYNOPSYS INCCOM0.13%$6M10.8K
76UNPUNION PACIFIC CORPCOM0.13%$5M23.9K
77SBUXSTARBUCKS CORPCOM0.12%$5M59.4K
78MRSHMARSH & MCLENNAN COS INCCOM0.12%$5M24.5K
79AMATAPPLIED MATLS INCCOM0.12%$5M28.1K
80NEENEXTERA ENERGY INCCOM0.12%$5M72.8K
81PLDPROLOGIS INC.COM0.11%$5M45.3K
82MCOMOODYS CORPCOM0.11%$5M9.3K
83KHCKRAFT HEINZ COCOM0.11%$5M178.1K
84ADPAUTOMATIC DATA PROCESSINGCOM0.10%$5M14.7K
85CVSCVS HEALTH CORPCOM0.10%$4M65.0K
86CCICROWN CASTLE INCCOM0.10%$4M43.3K
87NOWSERVICENOW INCCOM0.10%$4M4.3K
88HPQHP INCCOM0.10%$4M179.6K
89VRTXVERTEX PHARMACEUTICALS INCCOM0.10%$4M9.8K
90MNSTMONSTER BEVERAGE CORP NEWCOM0.10%$4M68.7K
91EQIXEQUINIX INCCOM0.09%$4M4.8K
92COPCONOCOPHILLIPSCOM0.08%$4M41.0K
93CBCHUBB LIMITEDCOM0.08%$4M12.5K
94KMBKIMBERLY-CLARK CORPCOM0.08%$4M27.9K
95ADIANALOG DEVICES INCCOM0.08%$4M14.9K
96PSXPHILLIPS 66COM0.08%$4M29.5K
97CITHE CIGNA GROUPCOM0.08%$4M10.6K
98AMDADVANCED MICRO DEVICES INCCOM0.08%$3M24.2K
99UBERUBER TECHNOLOGIES INCCOM0.07%$3M34.5K
100PYPLPAYPAL HLDGS INCCOM0.07%$3M42.0K

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 ↗.