Allianz Asset Management GmbH
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 51 quarters, returned +1.8% per quarter — versus +2.2% per quarter from simply owning every 13F stock. It beat that baseline in only 43.1% of quarters (excess t = 1.12, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 1564 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| NVDA | $6.0B | | ADD +26% |
| AAPL | $4.2B | | ADD +14% |
| SPYM | $4.1B | | ADD ×2.3 |
| IVV | $3.6B | | ADD ×4.9 |
| MSFT | $3.0B | | ADD +7% |
| GOOGL | $2.7B | | ADD +6% |
| AMZN | $2.6B | | ADD +31% |
| VG | $1.9B | | TRIM −32% |
| GOOG | $1.7B | | ADD +7% |
| MU | $1.6B | | TRIM −14% |
| AMAT | $1.4B | | ADD +7% |
| AVGO | $1.4B | | ADD +14% |
| META | $1.3B | | ADD +25% |
| AZN | $1.3B | | ADD +3% |
| JNJ | $1.2B | | TRIM −14% |
| LRCX | $1.2B | | TRIM −7% |
| CSCO | $953M | | TRIM −10% |
| JPM | $946M | | TRIM −7% |
| VICI | $837M | | HOLD |
| LLY | $694M | | ADD +15% |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q2
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.