Institutional Manager · CIK 0001127508

Allianz SE

Munich, 2M · File #028-24968

Latest AUM

$7.77B

Positions

690

Top-10 Concentration

73.1%

Filings

Portfolio Value Over Time

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	JANUS DETROIT STR TR	47103U845	+26,360,832	+$1.33B	$0
NEW	ISHARES TR	464287242	+7,862,205	+$866.3M	$0
NEW	VANGUARD SCOTTSDALE FDS	92206C813	+2,416,012	+$183.3M	$0
REDUCE	NEWMONT CORP	NEMCL	-1,717,136	-$171.5M	+$26.7M
NEW	ISHARES TR	464289511	+1,622,000	+$81.8M	$0
ADD	ALPHABET INC	GOOG	+222,632	+$69.7M	+$3.2M
ADD	PFIZER INC	PFE	+2,286,853	+$56.9M	-$11,346
ADD	VANGUARD INDEX FDS	922908363	+76,501	+$48.0M	+$21,093
ADD	BROADCOM INC	AVGO	+114,813	+$39.7M	+$191,965
ADD	ISHARES TR	464287200	+55,636	+$38.1M	+$25.7M

Sector Allocation

Technology

10.0%$780.1M

Financials

5.4%$422.2M

Healthcare

3.7%$288.6M

Consumer Discretionary

3.6%$281.6M

Industrials

2.0%$157.6M

Communication Services

1.0%$80.0M

1.0%$78.1M

0.8%$64.1M

0.5%$41.1M

0.3%$20.6M

0.3%$20.5M

Filing History

Feb 13, 202613F COMBINATION REPORTQ/E Dec 2025690 pos · $7.77B
Nov 12, 202513F COMBINATION REPORTQ/E Sep 2025629 pos · $4.71B
Aug 8, 202513F COMBINATION REPORTQ/E Jun 2025626 pos · $4.23B
May 12, 202513F COMBINATION REPORTQ/E Mar 2025662 pos · $3.40B
May 12, 202513F COMBINATION REPORTQ/E Mar 2025662 pos · $3.18B
May 12, 202513F COMBINATION REPORTQ/E Mar 2025577 pos · $3.70B
May 9, 202513F COMBINATION REPORTQ/E Mar 2025681 pos · $3.75B
Feb 12, 202513F COMBINATION REPORTQ/E Dec 2024700 pos · $3.84B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	JANUS DETROIT STR TR	47103U845	26,360,832	$1.33B	22.78%
2	ISHARES TR	464287200	1,696,376	$1.16B	19.85%
3	ISHARES TR	464287242	7,862,205	$866.3M	14.80%
4	VANGUARD SCOTTSDALE FDS	92206C813	2,416,012	$183.3M	3.13%
5	NEWMONT CORP	NEMCL	1,718,258	$171.6M	2.93%
6	BARRICK MNG CORP	06849F108	3,202,621	$139.7M	2.39%
7	NVIDIA CORPORATION	NVDA	622,627	$116.1M	1.98%
8	APPLE INC	AAPL	386,952	$105.2M	1.80%
9	INVESCO QQQ TR	IVZ	166,329	$102.2M	1.75%
10	ISHARES GOLD TR	IAU	1,233,566	$100.1M	1.71%
11	ALTI GLOBAL INC	ALTI	20,841,870	$96.7M	1.65%
12	MICROSOFT CORP	MSFT	184,941	$89.4M	1.53%
13	ALPHABET INC	GOOG	269,000	$84.2M	1.44%
14	ISHARES TR	464289511	1,622,000	$81.8M	1.40%
15	SPDR S&P 500 ETF TR	SPY	108,107	$73.7M	1.26%
16	ISHARES TR	464288257	519,175	$73.5M	1.26%
17	ISHARES INC	464286608	957,574	$61.4M	1.05%
18	AMAZON COM INC	AMZN	251,595	$58.1M	0.99%
19	PFIZER INC	PFE	2,306,415	$57.4M	0.98%
20	VANGUARD INDEX FDS	922908363	77,931	$48.9M	0.84%