ALLIANZ SE
Q4 2025 Form 13-F

MUNICH, GERMANY
CIK 0001127508 · Institutional investment manager
Consolidated report · includes 3 managers since Q2 2024
$7.8B Reported Value Total
Reported value
$7.8B
Quarter over quarter
+4.5%
Holdings
431
Top-10 concentration
57.9%

Filing Structure

Reports holdings for

  • INVESTITORI SGR S.p.A. (not a 13F filer in our records) · File # 028-24965 · since Q2 2024 · declared by one filing
  • Allianz Investments III Luxembourg S.A. (not a 13F filer in our records) · File # 028-24967 · since Q2 2024 · declared by one filing
  • Allianz Hungaria Biztosito Zrt. (not a 13F filer in our records) · File #028-26447 · since Q1 2026 · declared by one filing
  • INVESTITORI SGR S.p.A. (not a 13F filer in our records) · File # 028-24965 · Q1 2026 – Q1 2026 · declared by one filing
  • Allianz Investments III Luxembourg S.A. (not a 13F filer in our records) · File # 028-24967 · Q1 2026 – Q1 2026 · declared by one filing
  • Allianz Hungaria Biztosito Zrt. (not a 13F filer in our records) · Q4 2025 – Q4 2025 · declared by one filing
  • Allianz ZB Mandatory & Voluntary Pension Funds Management CO Ltd. (not a 13F filer in our records) · File #028-24947 · Q1 2024 – Q1 2025 · declared by one filing
  • Allianz Investments III Luxembourg S.A. (not a 13F filer in our records) · Q4 2024 – Q4 2024 · declared by one filing
  • ALLIANZ MEXICO, S.A. COMPANIA DE SEGUROS (not a 13F filer in our records) · Q4 2024 – Q4 2024 · declared by one filing
  • Allianz ZB Mandatory & Voluntary Pension Funds Management Co Ltd. (not a 13F filer in our records) · Q4 2024 – Q4 2024 · declared by one filing
  • INVESTITORI SGR S.p.A. (not a 13F filer in our records) · Q4 2024 – Q4 2024 · declared by one filing
  • POD Allianz Bulgaria (not a 13F filer in our records) · Q4 2024 – Q4 2024 · declared by one filing
  • INVESTITORI SGR S.p.A. (not a 13F filer in our records) · File #028-24965 · Q1 2024 – Q3 2024 · declared by one filing

Key People

Named on the latest Form 13-F filing — not necessarily an owner
Michael Sieburg / Stephan Balthasar
Senior Compliance Officer / Senior Legal Adviser
Q3 2025
Q1 2026
Go to latest
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Q4 2025 13F filing summary

Period of report December 31, 2025
Filed February 13, 2026
Form 13F-HR
Reported value $7.8B
Positions 431
Change in reported value +65.0%
New positions 85
Exited positions 26
Position turnover 24.3%
Top-10 concentration 57.9%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 10, 2026
 519 $9.5B
Q1 2026 13F
Filed May 11, 2026
 473 $9.0B
Q4 2025 13F
Filed Feb 13, 2026
 431 $7.8B
Q3 2025 13F
Filed Nov 12, 2025
 372 $4.7B
Q2 2025 13F
Filed Aug 8, 2025
 387 $4.2B
Q1 2025 13F
Filed May 9, 2025
 417 $3.7B
Q4 2024 13F
Filed Feb 12, 2025
 432 $3.8B
Q3 2024 13F
Filed May 12, 2025
 376 $3.7B
Q2 2024 13F
Filed May 12, 2025
 453 $3.4B
Q1 2024 13F
Filed May 12, 2025
 450 $3.2B

Top 20 holdings · Q4 2025

# Holding Reported value % of portfolio
1 JAAA JANUS DETROIT STR TR $1.3B 17.17%
2 IVV ISHARES TR $1.2B 14.96%
3 LQD ISHARES TR $866.3M 11.16%
4 VCLT VANGUARD SCOTTSDALE FDS $183.3M 2.36%
5 NEM NEWMONT CORP $176.6M 2.27%
6 NVDA NVIDIA CORPORATION $168.3M 2.17%
7 AAPL APPLE INC $165.8M 2.13%
8 MSFT MICROSOFT CORP $156.6M 2.02%
9 QQQ INVESCO QQQ TR $141.3M 1.82%
10 B BARRICK MNG CORP $140.7M 1.81%
11 GOOGL ALPHABET INC $140.6M 1.81%
12 AMZN AMAZON COM INC $122.0M 1.57%
13 IAU ISHARES GOLD TR $100.1M 1.29%
14 ALTI ALTI GLOBAL INC $96.7M 1.25%
15 IGLB ISHARES TR $81.8M 1.05%
16 SPY SPDR S&P 500 ETF TR $81.3M 1.05%
17 ACWI ISHARES TR $73.5M 0.95%
18 GOOG ALPHABET INC $70.9M 0.91%
19 JPM JPMORGAN CHASE & CO. $65.9M 0.85%
20 PFE PFIZER INC $61.9M 0.8%

Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.

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