# MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1142433. Source: https://holderbook.com/funds/1142433-meag-munich-ergo-kapitalanlagegesellschaft-mbh/

- Reported value: $3.5B
- Positions: 197
- Weight of the ten largest: 25.7%
- Filed: 2025-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $157.4M | 996,049 | 4.4% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $145.5M | 292,419 | 4.1% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $93.5M | 339,122 | 2.6% | 13 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $80.3M | 844,469 | 2.3% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $76.4M | 215,277 | 2.2% | 27 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $74.6M | 1,219,261 | 2.1% | 15 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $72.4M | 543,300 | 2.0% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $70.8M | 401,672 | 2.0% | 20 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $70.3M | 888,415 | 2.0% | 27 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $70.2M | 632,892 | 2.0% | 27 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $69.1M | 123,015 | 2.0% | 27 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $68.4M | 798,852 | 1.9% | 14 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $66.5M | 743,463 | 1.9% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $65.0M | 296,234 | 1.8% | 13 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $62.9M | 439,345 | 1.8% | 7 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $62.7M | 551,217 | 1.8% | 6 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $60.7M | 241,980 | 1.7% | 2 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $60.4M | 587,994 | 1.7% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $59.8M | 336,864 | 1.7% | 27 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $59.6M | 272,835 | 1.7% | 13 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $59.0M | 1,264,391 | 1.7% | 12 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $58.1M | 379,000 | 1.6% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $57.8M | 78,373 | 1.6% | 13 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $54.7M | 140,686 | 1.5% | 13 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $54.7M | 721,455 | 1.5% | 15 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $53.6M | 9,265 | 1.5% | 10 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $52.1M | 66,841 | 1.5% | 17 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $51.6M | 497,091 | 1.5% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $51.4M | 164,633 | 1.4% | 15 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $47.3M | 231,344 | 1.3% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $45.7M | 965,998 | 1.3% | 3 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $45.5M | 1,374,965 | 1.3% | 5 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $45.4M | 1,930,680 | 1.3% | 6 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $45.2M | 232,896 | 1.3% | 2 |
| DEUTSCHE BK AG | [DB](https://holderbook.com/stocks/DB/) | $44.4M | 1,503,105 | 1.3% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $43.5M | 212,203 | 1.2% | 13 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $43.5M | 159,378 | 1.2% | 21 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $43.3M | 76,377 | 1.2% | 27 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $42.4M | 275,000 | 1.2% | 8 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $41.9M | 1,629,743 | 1.2% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $39.4M | 1,624,887 | 1.1% | 15 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $39.1M | 740,695 | 1.1% | 1 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $39.1M | 222,697 | 1.1% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $38.6M | 312,708 | 1.1% | 13 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $37.5M | 28,007 | 1.1% | 2 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $36.0M | 682,288 | 1.0% | 7 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $30.8M | 165,544 | 0.9% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $30.2M | 162,557 | 0.9% | 27 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $30.0M | 1,432,579 | 0.8% | 6 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $27.3M | 7,341 | 0.8% | 1 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $24.1M | 54,104 | 0.7% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $23.7M | 26,470 | 0.7% | 13 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $21.5M | 220,493 | 0.6% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $20.5M | 98,670 | 0.6% | 5 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $19.7M | 114,136 | 0.6% | 10 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $18.4M | 130,757 | 0.5% | 5 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $17.3M | 33,712 | 0.5% | 4 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $17.1M | 183,588 | 0.5% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $16.8M | 57,027 | 0.5% | 6 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $16.2M | 54,142 | 0.5% | 11 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $15.4M | 38,000 | 0.4% | 17 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $15.3M | 48,024 | 0.4% | 7 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $14.7M | 259,979 | 0.4% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $14.1M | 38,394 | 0.4% | 27 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $12.6M | 45,160 | 0.4% | 4 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $12.5M | 168,439 | 0.4% | 4 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $11.9M | 47,960 | 0.3% | 6 |
| LOGITECH INTL S A | [LOGI](https://holderbook.com/stocks/LOGI/) | $11.7M | 129,818 | 0.3% | 22 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $11.2M | 33,896 | 0.3% | 27 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $10.8M | 301,787 | 0.3% | 15 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $10.4M | 33,599 | 0.3% | 14 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $10.3M | 237,775 | 0.3% | 8 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $8.7M | 16,347 | 0.2% | 3 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $8.3M | 111,316 | 0.2% | 21 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $8.1M | 35,969 | 0.2% | 13 |
| GEN DIGITAL INC | [GEN](https://holderbook.com/stocks/GEN/) | $8.1M | 276,170 | 0.2% | 5 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $8.1M | 109,835 | 0.2% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.6M | 49,967 | 0.2% | 27 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $7.4M | 304,569 | 0.2% | 27 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $7.3M | 69,759 | 0.2% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $6.8M | 8,644 | 0.2% | 14 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $6.8M | 31,134 | 0.2% | 4 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $6.8M | 89,342 | 0.2% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $6.6M | 36,157 | 0.2% | 27 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $6.2M | 81,290 | 0.2% | 12 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $5.8M | 14,169 | 0.2% | 4 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $5.7M | 5,527 | 0.2% | 6 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $5.7M | 11,142 | 0.2% | 4 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $5.4M | 20,388 | 0.2% | 8 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $5.3M | 90,340 | 0.1% | 1 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $5.2M | 78,164 | 0.1% | 27 |
| MOLINA HEALTHCARE INC | [MOH](https://holderbook.com/stocks/MOH/) | $4.8M | 16,135 | 0.1% | 5 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $4.7M | 15,865 | 0.1% | 27 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $4.7M | 96,237 | 0.1% | 14 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $4.4M | 27,005 | 0.1% | 5 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $4.3M | 40,365 | 0.1% | 6 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $4.1M | 32,049 | 0.1% | 14 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $4.1M | 41,772 | 0.1% | 15 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $4.1M | 1,550 | 0.1% | 18 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $4.0M | 31,923 | 0.1% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2025 | +7.7% | +10.5% | -2.7% | 100% |
| Q1 2025 | -1.7% | -4.6% | +2.9% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.3% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.5% | 100% |
| Q2 2024 | +2.6% | +4.0% | -1.5% | 100% |
| Q1 2024 | +7.8% | +10.0% | -2.2% | 100% |
| Q4 2023 | +9.6% | +11.2% | -1.6% | 100% |
| Q3 2023 | -1.1% | -3.6% | +2.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $3.5B | 197 |
| Q1 2025 | $3.4B | 190 |
| Q4 2024 | $3.2B | 201 |
| Q3 2024 | $3.2B | 197 |
| Q2 2024 | $3.0B | 181 |
| Q1 2024 | $2.8B | 175 |
| Q4 2023 | $2.6B | 173 |
| Q3 2023 | $2.3B | 178 |
| Q2 2023 | $2.3B | 175 |
| Q1 2023 | $2.1B | 178 |
| Q4 2022 | $1.9B | 222 |
| Q3 2022 | $1.6B | 220 |