Portfolio Profile
CIK: 0001694217 | FRANKFURT AM MAIN, 2M
Style
GrowthTurnover
Orientation
Concentrated traderDZ BANK’s portfolio reflects a large-cap, growth-oriented philosophy with a pronounced technology tilt, as the sector accounts for 29.9% of assets and the top three holdings—NVIDIA, Apple, and Microsoft—comprise 16.3% of the $89.3 billion book. The manager’s conviction in mega-cap tech is reinforced by Alphabet appearing twice (GOOGL and GOOG) at 4.6% combined, while diversification into healthcare through AstraZeneca and energy via TotalEnergies shows selective sector weighting. With over 2,200 positions and a multi-trillion-dollar market-cap focus, the strategy seeks alpha from dominant secular winners while maintaining broad exposure across industrials (10.0%) and financial services (8.6%). This positioning underscores a disciplined, high-conviction approach that balances concentrated bets on AI, cloud, and semiconductor leaders with defensive and cyclical offsets.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 46,340,696 | $9.3B | 7.11% |
| 2 | Apple Inc(AAPL) | 21,389,628 | $6.2B | 4.75% |
| 3 | Alphabet Inc(GOOGL) | 12,977,853 | $4.6B | 3.56% |
| 4 | Amazon COM Inc(AMZN) | 19,273,534 | $4.6B | 3.52% |
Latest filing, equity positions only
| 5 |
| Microsoft Corp(MSFT) |
| 11,615,164 |
| $4.3B |
| 3.32% |
| 6 | Applied Matls Inc(AMAT) | 4,269,862 | $3.1B | 2.37% |
| 7 | Broadcom Inc(AVGO) | 6,960,170 | $2.6B | 2.02% |
| 8 | JPMorgan Chase & Co(JPM) | 7,765,901 | $2.5B | 1.95% |
| 9 | Alphabet Inc(GOOG) | 6,902,090 | $2.4B | 1.87% |
| 10 | Welltower Inc(WELL) | 10,624,243 | $2.4B | 1.85% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 29.97% | 33.34% | +3.37% |
| Basic Materials | 4.56% | 3.33% | -1.23% |
| Healthcare | 10.92% | 10.19% | -0.73% |
| Consumer Defensive | 3.85% | 3.12% | -0.73% |
| Financial Services | 9.61% | 10.11% | +0.5% |
| Consumer Cyclical | 7.63% | 7.34% | -0.29% |
| Communication Services | 7.58% | 7.3% | -0.28% |
| Industrials | 9.99% | 9.71% | -0.28% |
| Energy | 2.75% | 2.5% | -0.25% |
| Utilities | 1.31% | 1.08% | -0.23% |
| Unclassified | 8.9% | 8.99% | +0.09% |
| Real Estate | 2.95% | 2.98% | +0.03% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 51% | 53.03% | +2.03% |
| Large Cap | 38.45% | 36.92% | -1.53% |
| Unclassified | 8.9% | 8.99% | +0.09% |
| Mid Cap | 1.51% | 0.92% | -0.59% |
| Small Cap | 0.14% | 0.15% | +0.01% |
| Micro Cap | 0% | 0% | 0% |
Quarter-over-quarter position changes