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Livermore
Livermore
ZHEN

Allianz Asset Management GmbH

SEC CIK
0001535323
Latest filing
Sep 2, 2026

The latest 13F from Allianz Asset Management GmbH covers Q2 2026 (filed Sep 2, 2026): 1,564 long positions worth $108.0B. The top 10 holdings make up 29.1% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 5.6%. Livermore has 28 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
173
Est. +$1.12B
Added
733
Est. +$19.2B
Reduced
579
Est. −$7.99B
Sold out
113
Est. −$444.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    5.6%$6.02BHistory
  2. AAPLApple Inc.
    3.9%$4.21BHistory
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    3.8%$4.06B
  4. iShares Core S&P 500 ETF464287200
    3.3%$3.58B
  5. MSFTMicrosoft Corp
    2.8%$3.03BHistory

Share of portfolio

Top 5 holdings and the other 1,559 positions, by share of portfolio value

  1. NVDA5.6%
  2. AAPL3.9%
  3. State Street SPDR Portfolio S&P 500 ETF3.8%
  4. iShares Core S&P 500 ETF3.3%
  5. MSFT2.8%
  6. Other 1,559 positions80.7%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$2.84BAdded
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$2.32BAdded
  3. NVDANVIDIA Corp
    +$1.23BAddedHistory
  4. AMZNAmazon Com Inc
    +$619.0MAddedHistory
  5. AAPLApple Inc.
    +$521.6MAddedHistory

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +2.57 pp0.7% → 3.3%
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +2.01 pp1.8% → 3.8%
  3. NVDANVIDIA Corp
    +0.75 pp4.8% → 5.6%History
  4. AMATApplied Materials Inc
    +0.59 pp0.7% → 1.3%History
  5. AMZNAmazon Com Inc
    +0.41 pp2.0% → 2.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VGVenture Global, Inc.
    −$879.9MReducedHistory
  2. QCOMQualcomm Inc
    −$349.9MReducedHistory
  3. MUMicron Technology Inc
    −$256.2MReducedHistory
  4. JNJJohnson & Johnson
    −$209.5MReducedHistory
  5. TELTE Connectivity plc
    −$134.7MReducedHistory

Largest weight decreases

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

  1. VGVenture Global, Inc.
    −2.80 pp4.6% → 1.8%History
  2. JNJJohnson & Johnson
    −0.46 pp1.6% → 1.1%History
  3. TTETotalEnergies SE
    −0.40 pp0.9% → 0.5%History
  4. QCOMQualcomm Inc
    −0.24 pp0.5% → 0.3%History
  5. MAMastercard Inc
    −0.24 pp0.8% → 0.6%History

Metrics

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

Portfolio value
$108.0B
+$21.4B (+24.7%) vs. prior quarter
Positions
1,564
+60 vs. prior quarter
Top 10 concentration
29.1%
Top 10 as share of value
Turnover
8.7%
Q2 2026, one quarter
Average holding period
18.8 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 $137.5B (Q4 2021)

Q1 2021: $98.3BQ2 2021: $111.3BQ3 2021: $120.6BQ4 2021: $137.5BQ1 2022: $127.0BQ2 2022: $100.1BQ3 2022: $43.6BQ4 2022: $45.1BQ1 2023: $47.9BQ2 2023: $47.5BQ3 2023: $49.2BQ4 2023: $53.9BQ1 2024: $59.4BQ2 2024: $61.8BQ3 2024: $64.7BQ4 2024: $69.0BQ1 2025: $68.0BQ2 2025: $74.9BQ3 2025: $81.3BQ4 2025: $87.4BQ1 2026: $86.6BQ2 2026: $108.0B
Q1 2021Q2 2026
13F filings of Allianz Asset Management GmbH by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Sep 2, 2026Amended1,564$108.0BNVDAAAPLState Street SPDR Portfolio S&P 500 ETFvs. Q1 2026SEC
Q1 2026May 11, 20261,504$86.6BNVDAVGAAPLvs. Q4 2025SEC
Q4 2025Feb 11, 20261,502$87.4BiShares Core S&P 500 ETFNVDAMSFTvs. Q3 2025SEC
Q3 2025Nov 4, 20251,520$81.3BVGNVDAMSFTvs. Q2 2025SEC
Q2 2025Jul 28, 20251,517$74.9BVGNVDAMSFTvs. Q1 2025SEC
Q1 2025May 5, 20251,717$68.0BVGMSFTAAPLvs. Q4 2024SEC
Q4 2024Feb 3, 20251,677$69.0BAAPLMSFTNVDAvs. Q3 2024SEC
Q3 2024Nov 13, 20241,661$64.7BMSFTAAPLNVDAvs. Q2 2024SEC
Q2 2024Aug 13, 20241,603$61.8BMSFTNVDAAAPLvs. Q1 2024SEC
Q1 2024May 14, 20241,638$59.4BMSFTNVDAAAPLvs. Q4 2023SEC
Q4 2023Feb 12, 20241,602$53.9BMSFTAAPLAMZNvs. Q3 2023SEC
Q3 2023Nov 13, 20231,644$49.2BMSFTAAPLAMZNvs. Q2 2023SEC
Q2 2023Aug 14, 20231,654$47.5BMSFTAAPLAMZNvs. Q1 2023SEC
Q1 2023May 11, 20231,604$47.9BMSFTAAPLVICIvs. Q4 2022SEC
Q4 2022Feb 13, 20231,479$45.1BMSFTAAPLVICIvs. Q3 2022SEC
Q3 2022Nov 8, 20221,428$43.6BMSFTAAPLAMZNvs. Q2 2022SEC
Q2 2022Aug 12, 20221,783$100.1BMSFTAAPLAMZNvs. Q1 2022SEC
Q1 2022May 13, 20221,847$127.0BMSFTAAPLAMZNvs. Q4 2021SEC
Q4 2021May 23, 2024Amended2,061$137.5BMSFTAAPLAMZNvs. Q3 2021SECSECSEC
Q3 2021May 23, 2024Amended2,011$120.6BMSFTAAPLAMZNvs. Q2 2021SECSEC
Q2 2021May 23, 2024Amended1,890$111.3BMSFTAMZNAAPLvs. Q1 2021SECSEC
Q1 2021May 23, 2024Amended1,882$98.3BMSFTAMZNAAPL–SECSEC