# Impact Asset Management GmbH

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 2068799. Source: https://holderbook.com/funds/2068799-impact-asset-management-gmbh/

- Reported value: $255.2M
- Positions: 75
- Weight of the ten largest: 37.6%
- Filed: 2025-08-14

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.2M | 40,561 | 6.0% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $14.0M | 89,730 | 5.5% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $11.6M | 21,100 | 4.5% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $11.1M | 31,640 | 4.3% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.1M | 9,780 | 3.2% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $7.6M | 45,900 | 3.0% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $7.2M | 32,481 | 2.8% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.1M | 42,510 | 2.8% | 3 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $7.0M | 3,600 | 2.8% | 3 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $7.0M | 40,410 | 2.7% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.6M | 31,630 | 2.6% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $6.3M | 27,085 | 2.5% | 3 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $6.3M | 12,310 | 2.5% | 3 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $6.2M | 12,770 | 2.4% | 3 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $6.2M | 35,140 | 2.4% | 3 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $5.9M | 48,200 | 2.3% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $5.8M | 81,600 | 2.3% | 2 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $5.8M | 37,630 | 2.3% | 1 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $5.6M | 12,010 | 2.2% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $5.2M | 6,485 | 2.0% | 3 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $5.0M | 19,910 | 2.0% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $5.0M | 1,085 | 2.0% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.9M | 45,356 | 1.9% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $4.8M | 28,040 | 1.9% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $4.5M | 19,280 | 1.7% | 3 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $4.4M | 52,320 | 1.7% | 1 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $4.4M | 9,020 | 1.7% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $4.3M | 16,040 | 1.7% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $4.3M | 20,970 | 1.7% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $4.3M | 6,760 | 1.7% | 3 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $4.3M | 9,950 | 1.7% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.7M | 26,790 | 1.5% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $3.7M | 47,440 | 1.4% | 2 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $3.5M | 68,950 | 1.4% | 2 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $3.4M | 16,660 | 1.3% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $2.9M | 4,230 | 1.1% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.8M | 10,610 | 1.1% | 2 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $2.7M | 33,750 | 1.1% | 2 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $2.7M | 3,295 | 1.1% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.6M | 29,860 | 1.0% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $2.3M | 37,820 | 0.9% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.0M | 27,920 | 0.8% | 2 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $1.3M | 48,100 | 0.5% | 3 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $1.2M | 10,880 | 0.5% | 3 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $1.2M | 92,300 | 0.5% | 3 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.1M | 8,630 | 0.4% | 2 |
| PAN AMERN SILVER CORP | [PAAS](https://holderbook.com/stocks/PAAS/) | $1.1M | 42,000 | 0.4% | 3 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $816.2K | 8,548 | 0.3% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $720.9K | 4,230 | 0.3% | 1 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $716.0K | 8,483 | 0.3% | 3 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $621.0K | 8,000 | 0.2% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $558.0K | 2,153 | 0.2% | 3 |
| ELDORADO GOLD CORP NEW | [EGO](https://holderbook.com/stocks/EGO/) | $516.0K | 30,700 | 0.2% | 3 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $495.5K | 3,797 | 0.2% | 3 |
| GOLD FIELDS LTD | [GFI](https://holderbook.com/stocks/GFI/) | $490.4K | 22,200 | 0.2% | 3 |
| NEW GOLD INC CDA | [NGD](https://holderbook.com/stocks/NGD/) | $463.8K | 125,000 | 0.2% | 3 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $427.2K | 2,923 | 0.2% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $408.3K | 2,146 | 0.2% | 3 |
| COEUR MNG INC | [CDE](https://holderbook.com/stocks/CDE/) | $399.4K | 67,464 | 0.2% | 3 |
| FORTUNA MNG CORP | [FSM](https://holderbook.com/stocks/FSM/) | $398.8K | 65,600 | 0.2% | 3 |
| IAMGOLD CORP | [IAG](https://holderbook.com/stocks/IAG/) | $365.6K | 58,500 | 0.1% | 3 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $364.7K | 1,393 | 0.1% | 3 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $361.4K | 65,000 | 0.1% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $344.1K | 976 | 0.1% | 3 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $335.5K | 2,977 | 0.1% | 3 |
| MAG SILVER CORP | [MAG](https://holderbook.com/stocks/MAG/) | $313.3K | 20,600 | 0.1% | 3 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $307.5K | 14,022 | 0.1% | 3 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $302.6K | 2,533 | 0.1% | 3 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $275.8K | 3,916 | 0.1% | 3 |
| SKEENA RES LTD NEW | [SKE](https://holderbook.com/stocks/SKE/) | $270.2K | 26,800 | 0.1% | 3 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $246.7K | 35,900 | 0.1% | 3 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $211.1K | 2,128 | 0.1% | 3 |
| ORLA MNG LTD NEW | [ORLA](https://holderbook.com/stocks/ORLA/) | $205.4K | 22,000 | 0.1% | 1 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $200.2K | 3,684 | 0.1% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $128.1K | 1,247 | 0.1% | 3 |

## 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 |
|---|---|---|---|---|
| Q1 2025 | -5.0% | -4.6% | -0.4% | 100% |
| Q4 2024 | +1.5% | +2.1% | -0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $255.2M | 75 |
| Q4 2024 | $253.1M | 70 |
| Q3 2024 | $260.0M | 68 |