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Livermore
Livermore
ZHEN

Commerzbank Aktiengesellschaft

SEC CIK
0000852933
Latest filing
Aug 7, 2026

The latest 13F from Commerzbank Aktiengesellschaft covers Q2 2026 (filed Aug 7, 2026): 347 long positions worth $5.00B. The top 10 holdings make up 43.8% of the portfolio, and the largest is Alphabet Inc. (GOOGL) at 6.3%. Livermore has 44 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
24
Est. +$23.4M
Added
102
Est. +$454.6M
Reduced
202
Est. −$622.2M
Sold out
31
Est. −$135.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGLAlphabet Inc.
    6.3%$315.2MHistory
  2. MSFTMicrosoft Corp
    6.2%$312.8MHistory
  3. AAPLApple Inc.
    5.7%$283.3MHistory
  4. CSCOCisco Systems, Inc.
    5.0%$249.8MHistory
  5. IBMInternational Business Machines Corp
    3.9%$197.5MHistory

Share of portfolio

Top 5 holdings and the other 342 positions, by share of portfolio value

  1. GOOGL6.3%
  2. MSFT6.2%
  3. AAPL5.7%
  4. CSCO5.0%
  5. IBM3.9%
  6. Other 342 positions72.9%

Biggest buys

New and added positions, by estimated amount bought

  1. PYPLPayPal Holdings, Inc.
    +$64.5MAddedHistory
  2. MCDMcDonalds Corp
    +$38.3MAddedHistory
  3. CMCSAComcast Corp
    +$35.0MAddedHistory
  4. HPQHP Inc
    +$34.1MAddedHistory
  5. CRMSalesforce, Inc.
    +$32.5MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. PYPLPayPal Holdings, Inc.
    +1.29 pp<0.1% → 1.3%History
  2. AVGOBroadcom Inc.
    +0.81 pp2.8% → 3.6%History
  3. HPQHP Inc
    +0.76 pp0.9% → 1.6%History
  4. MCDMcDonalds Corp
    +0.53 pp1.4% → 1.9%History
  5. IBMInternational Business Machines Corp
    +0.49 pp3.5% → 3.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DBDeutsche Bank Aktiengesellschaft
    −$123.9MReducedHistory
  2. HONHoneywell International Inc
    −$99.7MSold outHistory
  3. QCOMQualcomm Inc
    −$67.7MReducedHistory
  4. CSCOCisco Systems, Inc.
    −$49.1MReducedHistory
  5. CATCaterpillar Inc
    −$40.5MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. DBDeutsche Bank Aktiengesellschaft
    −2.23 pp2.9% → 0.7%History
  2. HONHoneywell International Inc
    −2.08 pp2.1% → 0.0%History
  3. XOMExxonMobil Holdings Corp
    −1.12 pp3.0% → 1.8%History
  4. CVXChevron Corp
    −1.02 pp4.1% → 3.1%History
  5. QCOMQualcomm Inc
    −0.86 pp1.3% → 0.5%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$5.00B
+$221.9M (+4.6%) vs. prior quarter
Positions
347
−7 vs. prior quarter
Top 10 concentration
43.8%
Top 10 as share of value
Turnover
9.8%
Q2 2026, one quarter
Average holding period
19.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $5.00B (Q2 2026)

Q1 2021: $1.46BQ2 2021: $1.57BQ3 2021: $1.67BQ4 2021: $1.76BQ1 2022: $1.76BQ2 2022: $1.43BQ3 2022: $1.35BQ4 2022: $1.60BQ1 2023: $1.85BQ2 2023: $2.04BQ3 2023: $2.11BQ4 2023: $2.52BQ1 2024: $3.01BQ2 2024: $3.03BQ3 2024: $3.75BQ4 2024: $4.15BQ1 2025: $4.29BQ2 2025: $4.36BQ3 2025: $4.81BQ4 2025: $4.91BQ1 2026: $4.78BQ2 2026: $5.00B
Q1 2021Q2 2026
13F filings of Commerzbank Aktiengesellschaft by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 2026347$5.00BGOOGLMSFTAAPLvs. Q1 2026SEC
Q1 2026May 7, 2026354$4.78BMSFTGOOGLAAPLvs. Q4 2025SEC
Q4 2025Feb 5, 2026374$4.91BGOOGLMSFTAAPLvs. Q3 2025SEC
Q3 2025Oct 31, 2025353$4.81BGOOGLMSFTAAPLvs. Q2 2025SEC
Q2 2025Jul 24, 2025348$4.36BMSFTGOOGLAAPLvs. Q1 2025SEC
Q1 2025May 2, 2025349$4.29BMSFTGOOGLAAPLvs. Q4 2024SEC
Q4 2024Feb 6, 2025334$4.15BMSFTGOOGLAVGOvs. Q3 2024SEC
Q3 2024Oct 22, 2024303$3.75BMSFTGOOGLNVDAvs. Q2 2024SEC
Q2 2024Jul 22, 2024243$3.03BMSFTGOOGLNVDAvs. Q1 2024SEC
Q1 2024May 10, 2024245$3.01BMSFTGOOGLAMZNvs. Q4 2023SEC
Q4 2023Sep 30, 2024Amended201$2.52BMSFTGOOGLJNJvs. Q3 2023SEC
Q3 2023Sep 30, 2024Amended138$2.11BMSFTGOOGLJNJvs. Q2 2023SEC
Q2 2023Oct 1, 2024Amended131$2.04BMSFTGOOGLJNJvs. Q1 2023SEC
Q1 2023Oct 2, 2024Amended123$1.85BMSFTGOOGLAAPLvs. Q4 2022SEC
Q4 2022Oct 2, 2024Amended122$1.60BMSFTJNJTMOvs. Q3 2022SEC
Q3 2022Oct 2, 2024Amended121$1.35BMSFTJNJTMOvs. Q2 2022SEC
Q2 2022Oct 2, 2024Amended66$1.43BMSFTJNJTMOvs. Q1 2022SEC
Q1 2022Oct 2, 2024Amended66$1.76BMSFTJNJTMOvs. Q4 2021SEC
Q4 2021Oct 2, 2024Amended68$1.76BMSFTTMOJNJvs. Q3 2021SEC
Q3 2021Oct 1, 2024Amended72$1.67BMSFTTMOMMMvs. Q2 2021SEC
Q2 2021Oct 2, 2024Amended65$1.57BMSFTTMOMMMvs. Q1 2021SEC
Q1 2021Oct 2, 2024Amended65$1.46BMSFTTMOMMM–SEC