Managers / Q1 2026
denkapparat Operations GmbH
CIK 0001999514 · LEIPZIGER STRASSE 51, BERLIN, 2M, 10117 · 4930233220100
Summary
Denkapparat Operations Gmbh reported $242M in U.S.-listed holdings across 333 positions for Q1 2026.
Its largest position, Asml Hldg, represents 1.1% of the portfolio.
Compared with Q4 2025, the fund opened 70 new positions and exited 31.
Portfolio Metrics
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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 89.3% · $216M
- Other · 5.9% · $14M
- ADR · 4.7% · $11M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TELEFONAKTIEBOLAGET LM ERICS | NEW | +222.5K | 222.5K | +$3M | $3M |
| LOGITECH INTL S A | NEW | +26.8K | 26.8K | +$2M | $2M |
| CHUBB LTD SWITZ | NEW | +6.9K | 6.9K | +$2M | $2M |
| ALVAUTOLIV INC | NEW | +19.8K | 19.8K | +$2M | $2M |
| SHELSHELL PLC | NEW | +19.0K | 19.0K | +$2M | $2M |
| SNYSANOFI SA | NEW | +34.6K | 34.6K | +$2M | $2M |
| SUNBSUNBELT RENTALS HOLDINGS INC | NEW | +19.8K | 19.8K | +$1M | $1M |
| SAPSAP SE | NEW | +6.7K | 6.7K | +$1M | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ASML HLDG NV | N Y REGISTRY SHS | 1.10% | $3M | 2.0K |
| 2 | TELEFONAKTIEBOLAGET LM ERICS | ADR B SEK 10 | 1.04% | $3M | 222.5K |
| 3 | LOGITECH INTL S A | SHS | 1.01% | $2M | 26.8K |
| 4 | SUSUNCOR ENERGY INC NEW | COM | 0.95% | $2M | 34.6K |
| 5 | CHUBB LTD SWITZ | COM | 0.93% | $2M | 6.9K |
| 6 | ALSALLSTATE CORP | COM | 0.91% | $2M | 10.6K |
| 7 | CFCF INDUSTRIES HOLD | COM | 0.90% | $2M | 16.8K |
| 8 | NVDANVIDIA CORPORATION | COM | 0.88% | $2M | 12.1K |
| 9 | ALVAUTOLIV INC | COM | 0.86% | $2M | 19.8K |
| 10 | CMCSACOMCAST CORP NEW | CL A | 0.86% | $2M | 72.0K |
| 11 | GILDGILEAD SCIENCES INC | COM | 0.81% | $2M | 14.0K |
| 12 | GSKGSK PLC | SPONSORED ADR | 0.81% | $2M | 35.4K |
| 13 | ADBEADOBE INC | COM | 0.80% | $2M | 8.0K |
| 14 | IDIINTERDIGITAL INC | COM | 0.79% | $2M | 6.3K |
| 15 | BMYBRISTOL-MYERS SQUIBB CO | COM | 0.77% | $2M | 30.8K |
| 16 | NEMNEWMONT CORP | COM | 0.75% | $2M | 16.8K |
| 17 | EIXEDISON INTL | COM | 0.75% | $2M | 24.6K |
| 18 | KGCKINROSS GOLD CORP | COM | 0.74% | $2M | 58.6K |
| 19 | SHELSHELL PLC | SPON ADS | 0.73% | $2M | 19.0K |
| 20 | LRCXLAM RESEARCH CORP | COM NEW | 0.73% | $2M | 8.2K |
| 21 | BYDBOYD GAMING CORP | COM | 0.71% | $2M | 20.9K |
| 22 | FIXCOMFORT SYS USA INC | COM | 0.71% | $2M | 1.2K |
| 23 | EOGEOG RES INC | COM | 0.70% | $2M | 11.7K |
| 24 | SNYSANOFI SA | SPONSORED ADR | 0.69% | $2M | 34.6K |
| 25 | AAPLAPPLE INC | COM | 0.67% | $2M | 6.4K |
| 26 | AMGNAMGEN INC | COM | 0.67% | $2M | 4.6K |
| 27 | CNKCINEMARK HLDGS INC | COM | 0.66% | $2M | 55.6K |
| 28 | APAAPA CORPORATION | COM | 0.66% | $2M | 37.4K |
| 29 | AVGOBROADCOM INC | COM | 0.65% | $2M | 5.1K |
| 30 | QCOMQUALCOMM INC | COM | 0.64% | $2M | 11.9K |
| 31 | KRKROGER CO | COM | 0.64% | $2M | 21.2K |
| 32 | INCYINCYTE CORP | COM | 0.63% | $2M | 16.2K |
| 33 | GDGENERAL DYNAMICS CORP | COM | 0.61% | $1M | 4.3K |
| 34 | ROSTROSS STORES INC | COM | 0.61% | $1M | 6.8K |
| 35 | DVNDEVON ENERGY CORP NEW | COM | 0.61% | $1M | 29.2K |
| 36 | JLLJONES LANG LASALLE INC | COM | 0.60% | $1M | 4.8K |
| 37 | NOCNORTHROP GRUMMAN CORP | COM | 0.59% | $1M | 2.1K |
| 38 | EMEEMCOR GROUP INC | COM | 0.58% | $1M | 1.9K |
| 39 | FOXAFOX CORP | CL A COM | 0.56% | $1M | 23.0K |
| 40 | AMATAPPLIED MATLS INC | COM | 0.55% | $1M | 3.9K |
| 41 | PEGPUBLIC SVC ENTERPRISE GROUP | COM | 0.55% | $1M | 16.4K |
| 42 | JNJJOHNSON & JOHNSON | COM | 0.54% | $1M | 5.4K |
| 43 | FEFIRSTENERGY CORP | COM | 0.54% | $1M | 25.7K |
| 44 | SAMBOSTON BEER INC | CL A | 0.54% | $1M | 5.6K |
| 45 | KLACKLA CORP | COM NEW | 0.53% | $1M | 862 |
| 46 | ACIALBERTSONS COS INC | COMMON STOCK | 0.52% | $1M | 73.7K |
| 47 | PTCPTC INC | COM | 0.52% | $1M | 8.7K |
| 48 | SUNBSUNBELT RENTALS HOLDINGS INC | SHS | 0.52% | $1M | 19.8K |
| 49 | MLIMUELLER INDS INC | COM | 0.51% | $1M | 11.2K |
| 50 | LMTLOCKHEED MARTIN CORP | COM | 0.51% | $1M | 2.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $242M | 333 | May 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $184M | 294 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $157M | 274 | Nov 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $125M | 242 | Aug 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $94M | 214 | May 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $68M | 164 | Feb 12, 2025 | 13F-HR | changes · 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 ↗.