Institutional Manager · CIK 0001999514
denkapparat Operations GmbH
BERLIN, 2M · File #028-24949
Latest AUM
$183.9M
Positions
294
Top-10 Concentration
28.8%
Filings
5
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 |
|---|---|---|---|---|---|
| EXITED | TORONTO DOMINION BK ONT | 891160509 | -32,500 | -$2.6M | $0 |
| NEW | M & T BK CORP | 55261F104 | +5,594 | +$1.1M | $0 |
| NEW | LOCKHEED MARTIN CORP | LMT | +2,132 | +$1.0M | $0 |
| ADD | HCA HEALTHCARE INC | HCA | +2,138 | +$998,147 | +$22,688 |
| ADD | COMCAST CORP NEW | CCZ | +33,034 | +$987,386 | -$39,752 |
| ADD | GILEAD SCIENCES INC | GILD | +6,780 | +$832,177 | +$58,794 |
| ADD | ALLSTATE CORP | ALL-PJ | +3,606 | +$750,589 | -$19,409 |
| REDUCE | ELECTRONIC ARTS INC | EA | -3,384 | -$691,453 | +$14,639 |
| REDUCE | MICRON TECHNOLOGY INC | MU | -2,402 | -$685,555 | +$524,320 |
| EXITED | VAIL RESORTS INC | 91879Q109 | -4,504 | -$673,663 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025294 pos · $183.9M
- 13F HOLDINGS REPORTQ/E Sep 2025274 pos · $156.7M
- 13F HOLDINGS REPORTQ/E Jun 2025242 pos · $125.3M
- 13F HOLDINGS REPORTQ/E Mar 2025214 pos · $94.5M
- 13F HOLDINGS REPORTQ/E Dec 2024164 pos · $67.7M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | INTERDIGITAL INC | IDCC | 7,340 | $2.3M | 3.53% |
| 2 | NEWMONT CORP | NEMCL | 22,534 | $2.3M | 3.40% |
| 3 | LAM RESEARCH CORP | LRCX | 12,346 | $2.1M | 3.19% |
| 4 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 39,104 | $2.1M | 3.19% |
| 5 | ADOBE INC | ADBE | 5,240 | $1.8M | 2.77% |
| 6 | COMCAST CORP NEW | CCZ | 59,016 | $1.8M | 2.67% |
| 7 | QUALCOMM INC | QCOM | 10,234 | $1.8M | 2.65% |
| 8 | MERCK & CO INC | MRK | 15,882 | $1.7M | 2.53% |
| 9 | KINROSS GOLD CORP | KGCRF | 58,560 | $1.6M | 2.49% |
| 10 | BOYD GAMING CORP | BYD | 18,196 | $1.6M | 2.34% |
| 11 | NVIDIA CORPORATION | NVDA | 8,052 | $1.5M | 2.27% |
| 12 | FOX CORP | FOX | 20,104 | $1.5M | 2.22% |
| 13 | APPLE INC | AAPL | 5,358 | $1.5M | 2.20% |
| 14 | GILEAD SCIENCES INC | GILD | 11,788 | $1.4M | 2.19% |
| 15 | MICROSOFT CORP | MSFT | 2,942 | $1.4M | 2.15% |
| 16 | JONES LANG LASALLE INC | JLL | 4,170 | $1.4M | 2.12% |
| 17 | SUNCOR ENERGY INC NEW | SU | 31,200 | $1.4M | 2.09% |
| 18 | ALLSTATE CORP | ALL-PJ | 6,592 | $1.4M | 2.07% |
| 19 | APPLIED MATLS INC | 038222105 | 5,146 | $1.3M | 2.00% |
| 20 | GENERAL DYNAMICS CORP | GD | 3,850 | $1.3M | 1.96% |