Style
CoreTurnover
Orientation
Diversified activeAllianz Asset Management adopts a diversified, large-cap core approach with a pronounced growth tilt, as evidenced by a 24.5% allocation to technology and top holdings in NVIDIA, Apple, and Microsoft. The portfolio is broadly spread across 3,758 positions, yet the top 15 holdings account for roughly 30% of assets, indicating selective high-conviction bets, particularly in semiconductor (NVIDIA at 4.4%) and energy infrastructure (Venture Global at 4.2%). Sector exposure is relatively balanced beyond tech, with healthcare at 9.6%, financial services at 8.8%, and energy at 8.2%, reflecting a disciplined multi-sector framework. The inclusion of SPDR Series Trust (1.6%) suggests an element of passive indexing within an otherwise actively managed structure, while the presence of AstraZeneca, TotalEnergies, and VICI Properties reveals a global, income-oriented component. This composition reveals a manager that prioritizes scale and liquidity, blending high-growth technology names with stable, dividend-paying positions to anchor the portfolio across market cycles.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 30,069,187 | $6.0B | 4.89% |
| 2 | Apple Inc(AAPL) | 14,544,356 | $4.2B | 3.42% |
| 3 | Spdr Series Trust(SPYM) | 46,223,571 | $4.1B | 3.30% |
| 4 | Ishares TR(IVV) | 4,777,691 | $3.6B | 2.91% |
Latest filing, equity positions only
| 5 |
| Microsoft Corp(MSFT) |
| 8,121,141 |
| $3.0B |
| 2.46% |
| 6 | Alphabet Inc(GOOGL) | 7,498,538 | $2.7B | 2.18% |
| 7 | Amazon COM Inc(AMZN) | 10,989,748 | $2.6B | 2.13% |
| 8 | Venture Global Inc(VG) | 172,261,658 | $1.9B | 1.56% |
| 9 | Alphabet Inc(GOOG) | 4,693,417 | $1.7B | 1.35% |
| 10 | Micron Technology Inc(MU) | 1,414,408 | $1.6B | 1.33% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Unclassified | 9.81% | 13.48% | +3.67% |
| Technology | 24.95% | 28.59% | +3.64% |
| Energy | 8.18% | 4.81% | -3.37% |
| Healthcare | 11.16% | 9.83% | -1.33% |
| Basic Materials | 3.4% | 2.62% | -0.78% |
| Communication Services | 8.61% | 7.99% | -0.62% |
| Consumer Defensive | 3.36% | 2.8% | -0.56% |
| Financial Services | 9.33% | 8.93% | -0.4% |
| Real Estate | 3.55% | 3.2% | -0.35% |
| Utilities | 1.65% | 1.84% | +0.19% |
| Consumer Cyclical | 8.42% | 8.32% | -0.1% |
| Industrials | 7.58% | 7.59% | +0.01% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Large Cap | 43.51% | 38.5% | -5.01% |
| Mega Cap | 36.46% | 37.94% | +1.48% |
| Unclassified | 9.82% | 13.49% | +3.67% |
| Mid Cap | 7.9% | 7.66% | -0.24% |
| Small Cap | 2.27% | 2.37% | +0.1% |
| Micro Cap | 0.05% | 0.04% | -0.01% |
Quarter-over-quarter position changes