Institutional Manager · CIK 0002024532

Erste Asset Management GmbH

VIENNA, C4 · File #028-24498

Latest AUM

$11.90B

Positions

980

Top-10 Concentration

46.0%

Filings

Portfolio Value Over Time

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	NETFLIX INC	NFLX	+1,426,424	+$134.1M	-$128.4M
ADD	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT	IVZ	+382,300	+$73.2M	+$576,002
REDUCE	SILICON MOTION TECHNOLOGY CO	SIMO	-660,000	-$61.2M	-$727,840
ADD	AMAZON COM INC	AMZN	+261,331	+$60.5M	+$8.1M
ADD	META PLATFORMS INC	META	+85,816	+$56.6M	-$20.1M
ADD	ISHARES GOLD TR	IAU	+680,000	+$55.2M	+$17.2M
ADD	PROGRESSIVE CORP	743315103	+235,762	+$53.7M	-$10.5M
ADD	ADOBE INC	ADBE	+152,442	+$53.7M	-$1.5M
REDUCE	AUTOMATIC DATA PROCESSING IN	ADP	-198,986	-$51.4M	-$8.1M
ADD	S&P GLOBAL INC	SPGI	+96,217	+$50.7M	+$5.8M

Sector Allocation

Technology

31.1%$3.70B

Healthcare

12.4%$1.48B

Consumer Discretionary

7.3%$865.9M

Financials

6.8%$809.2M

Industrials

5.3%$636.9M

Communication Services

4.5%$539.8M

1.4%$165.5M

1.3%$155.0M

1.0%$124.9M

0.9%$103.4M

0.5%$61.8M

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 2025980 pos · $11.90B
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 2025932 pos · $10.35B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 2025955 pos · $11.89B
May 14, 202513F HOLDINGS REPORTQ/E Mar 2025894 pos · $7.79B
Feb 10, 202513F HOLDINGS REPORTQ/E Dec 2024861 pos · $8.15B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024919 pos · $5.67B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024968 pos · $1.49B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024938 pos · $4.74B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024874 pos · $7.55B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024884 pos · $5.81B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024873 pos · $7.34B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024929 pos · $4.46B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024934 pos · $4.50B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 20241,027 pos · $6.83B
Nov 26, 202413F HOLDINGS REPORTQ/E Sep 2024952 pos · $5.22B
Nov 25, 202413F HOLDINGS REPORTQ/E Sep 2024898 pos · $5.55B
Nov 25, 202413F HOLDINGS REPORTQ/E Sep 2024872 pos · $5.05B
Nov 25, 202413F HOLDINGS REPORTQ/E Sep 2024856 pos · $2.93B
Nov 25, 202413F HOLDINGS REPORTQ/E Sep 2024892 pos · $4.09B
Nov 25, 202413F HOLDINGS REPORTQ/E Sep 2024922 pos · $3.61B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NVIDIA CORPORATION	NVDA	2,981,615	$560.3M	7.85%
2	MICROSOFT CORP	MSFT	1,034,298	$503.0M	7.05%
3	APPLE INC	AAPL	1,725,891	$471.6M	6.61%
4	ALPHABET INC	GOOG	1,402,183	$439.3M	6.16%
5	AMAZON COM INC	AMZN	1,093,566	$253.3M	3.55%
6	BROADCOM INC	AVGO	663,447	$231.5M	3.24%
7	META PLATFORMS INC	META	330,158	$217.8M	3.05%
8	ISHARES GOLD TR	IAU	2,585,650	$209.9M	2.94%
9	LAM RESEARCH CORP	LRCX	1,144,535	$198.4M	2.78%
10	PROGRESSIVE CORP	743315103	868,008	$197.8M	2.77%
11	VISA INC	V	545,670	$192.4M	2.70%
12	ABBOTT LABS	ABLZF	1,510,824	$188.9M	2.65%
13	BOOKING HOLDINGS INC	BKNG	27,763	$149.9M	2.10%
14	NETFLIX INC	NFLX	1,541,811	$144.9M	2.03%
15	S&P GLOBAL INC	SPGI	257,363	$135.5M	1.90%
16	TJX COS INC NEW	872540109	871,272	$135.4M	1.90%
17	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT	IVZ	683,360	$130.9M	1.83%
18	KLA CORP	KLAC	104,457	$129.4M	1.81%
19	TAPESTRY INC	TPR	993,400	$127.0M	1.78%
20	ALPHABET INC	GOOG	398,189	$125.1M	1.75%