Institutional Manager · CIK 0001535323

Allianz Asset Management GmbH

MUNICH, 2M · File #028-15014

Latest AUM

$98.88B

Positions

3,553

Top-10 Concentration

57.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

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
ADD	ISHARES TR	464287655	+2,789,800	+$686.7M	+$144,480
ADD	SPDR SERIES TRUST	78464A854	+4,443,717	+$356.5M	+$1.2M
REDUCE	MICROSOFT CORP	MSFT	-378,029	-$182.8M	-$13.2M
REDUCE	CORPAY INC	CPAY	-582,099	-$175.2M	+$7.5M
EXITED	KRANESHARES TRUST	500767306	-4,000,000	-$168.0M	$0
REDUCE	NVIDIA CORPORATION	NVDA	-875,283	-$163.2M	-$71,511
REDUCE	GALLAGHER ARTHUR J & CO	363576109	-568,102	-$147.0M	-$29.0M
REDUCE	ALPHABET INC	GOOG	-459,232	-$143.7M	+$32.3M
ADD	SELECT SECTOR SPDR TR	81369Y605	+2,624,400	+$143.7M	+$174,330
REDUCE	APPLE INC	AAPL	-510,643	-$138.8M	+$8.9M

Sector Allocation

Technology

24.4%$24.15B

Healthcare

7.9%$7.83B

Consumer Discretionary

6.9%$6.87B

Industrials

5.3%$5.28B

Financials

4.9%$4.87B

Energy

4.7%$4.60B

Communication Services

3.6%$3.53B

2.5%$2.47B

1.8%$1.78B

1.0%$987.9M

0.7%$733.9M

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 20253,553 pos · $98.88B
Nov 4, 202513F HOLDINGS REPORTQ/E Sep 20253,678 pos · $89.55B
Jul 28, 202513F HOLDINGS REPORTQ/E Jun 20253,727 pos · $83.56B
May 5, 202513F HOLDINGS REPORTQ/E Mar 20253,998 pos · $76.41B
Feb 3, 202513F HOLDINGS REPORTQ/E Dec 20244,016 pos · $74.92B
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 20244,006 pos · $71.51B
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 20243,921 pos · $67.51B
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202438 pos · $176.5M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 20246 pos · $7.5M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 20249 pos · $6.3M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202436 pos · $218.6M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202412 pos · $347.3M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202437 pos · $831.3M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 20248 pos · $6.3M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202417 pos · $1.27B
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202435 pos · $322.1M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202452 pos · $233.7M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202411 pos · $20.1M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 20247 pos · $7.2M
May 23, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202437 pos · $392.4M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	8,235,060	$5.64B	12.61%
2	NVIDIA CORPORATION	NVDA	19,700,870	$3.67B	8.22%
3	MICROSOFT CORP	MSFT	6,254,616	$3.02B	6.76%
4	APPLE INC	AAPL	10,535,044	$2.86B	6.40%
5	VENTURE GLOBAL INC	VG	354,683,306	$2.42B	5.41%
6	ISHARES TR	464288513	28,221,900	$2.28B	5.09%
7	AMAZON COM INC	AMZN	7,854,169	$1.81B	4.05%
8	ALPHABET INC	GOOG	5,708,103	$1.79B	3.99%
9	ALPHABET INC	GOOG	3,894,261	$1.22B	2.73%
10	META PLATFORMS INC	META	1,609,532	$1.06B	2.38%
11	BROADCOM INC	AVGO	2,877,134	$995.8M	2.23%
12	JPMORGAN CHASE & CO.	VYLD	2,987,280	$962.6M	2.15%
13	ISHARES TR	464287234	15,978,100	$874.2M	1.95%
14	JOHNSON & JOHNSON	JNJ	4,178,274	$864.7M	1.93%
15	MASTERCARD INCORPORATED	MA	1,453,664	$829.9M	1.86%
16	ISHARES TR	464287655	2,824,200	$695.2M	1.55%
17	INVESCO QQQ TR	IVZ	1,048,000	$643.8M	1.44%
18	VICI PPTYS INC	925652109	22,548,707	$634.1M	1.42%
19	TESLA INC	TSLA	1,371,602	$616.8M	1.38%
20	ABBOTT LABS	ABLZF	4,161,856	$521.4M	1.17%