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§ 13F · FUND PROFILE

Allianz Asset Management GmbH.

European insurance asset management
AUM · $89.6B (13F)Positions · 3678Turnover · 38% · Q1Filed · May 11, 2026
BIG MOVE · Q1
Technology cut 1pp. Other lifted 5pp.
CONCENTRATION
22%
Top 10 holdings
NEW BUYS
+130
+$2.0B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-1pp · +5pp
3YR HIT RATE
Top-5 overlap
§ 01 · TOP HOLDINGS

The book · Q1 2026

FILED MAY 11, 2026
#TickerNameShares$ value% portΔ Q1
1VGVENTURE GLOBAL INC251.32M$4.0B4.2%−29%
2NVDANVIDIA CORPORATION20.86M$3.6B3.8%+9%
3AAPLAPPLE INC11.13M$2.8B3.0%+9%
4MSFTMICROSOFT CORP6.42M$2.4B2.5%+3%
5GOOGLALPHABET INC6.18M$1.8B1.9%+17%
6AMZNAMAZON COM INC7.36M$1.5B1.6%−9%
7SPYMSPDR SERIES TRUST19.84M$1.5B1.6%+291%
8GOOGALPHABET INC4.13M$1.2B1.2%+7%
9AZNASTRAZENECA PLC5.61M$1.1B1.1%NEW
10JNJJOHNSON & JOHNSON4.19M$1.0B1.1%−5%
§ 02 · SECTOR ALLOCATION

Where the money is

Other47.3% (+5pp)
Technology11.1% (1pp)
Semiconductors10.9% (+1pp)
Energy8.5%
Media7.2% (±0)
Retail6.9% (±0)
§ 03 · THE ALLIANZ SIGNAL

AC read

Allianz Asset Management GmbH is a Quality / Compounder fund managing $89.6 billion in assets. The fund runs a massive portfolio of 3,678 positions, broad diversification across holdings. The fund is an active trader with 38% quarterly turnover, with 130 new positions and 0 exits last quarter. Top sector allocations: Other (47%), Technology (11%), Semiconductors (11%).

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§ 04 · FILING HISTORY

Q-by-Q deltas

2 FILINGS
Q1 2026
Busy quarter
+130 buys · 0 exits · 1300 changed
Q4 2025
Busy quarter
+116 buys · 0 exits · 1316 changed
Q3 2025
Busy quarter
+112 buys · 0 exits · 1344 changed
Q2 2025
Busy quarter
+129 buys · 0 exits · 1342 changed