NVIDIA shares and Amazon shares sold: Commerzbank had these US shares in its portfolio in the fourth quarter of 2024
In the final quarter of 2024, Commerzbank again restructured its US portfolio. These were the ten largest positions in the portfolio.
Institutional investors whose investments exceed the value of 100 million US dollars are required to report on their investments to the US Securities and Exchange Commission (SEC) every three months. This regulation therefore also applies to Commerzbank , as the Frankfurt-based bank owned US holdings worth around 4.15 billion US dollars in the fourth quarter of 2024. Commerzbank must therefore also submit the 13F form to the SEC.
What is striking is that the German financial institution became much more cautious with tech stocks in the last quarter of the year. Commerzbank not only significantly reduced its holding in stock market star NVIDIA , but sales of Amazon were also significantly lower. The bank threw 383,538 Amazon stocks out of its portfolio in the fourth quarter, reducing its holding by a whopping 48.03 percent. This meant that the internet giant was dropped from the top ten of Commerzbank's largest US shareholdings and found itself in 16th place.
The following ranking shows the ten US stocks that made up the largest percentage share of Commerzbank's portfolio in the fourth quarter of last year. The data is as of December 31, 2024.
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11th place: The ranking
The US Securities and Exchange Commission (SEC) requires institutional investors to disclose their equity investments quarterly if the total value of these investments exceeds 100 million US dollars. This is done by filling out the 13F form. With a US portfolio value of around 4.15 billion US dollars, Commerzbank is also required to submit this form. In the fourth quarter of 2024, the Frankfurt-based major bank made some changes to its US holdings. Below are the ten largest US positions that were in Commerzbank's portfolio in the past quarter, sorted by their percentage share. As of December 31, 2024.
Source: sec.gov, Image: Frank Gaertner / Shutterstock.com
10th place: IBM
The IT company IBM made it to tenth place in the Commerzbank portfolio in the fourth quarter, pushing the credit card company Visa out of the top 10. The German bank increased its stake in IBM by 271,718 shares in the reporting quarter and, at the end of December, held a total of 480,272 IBM shares, or around 130 percent more in the US company. The value of the stake was 105.6 million dollars on the reporting date - around 2.5 percent of the total portfolio was therefore made up of IBM shares.
Source: sec.gov, Image: Tomasz Bidermann / Shutterstock.com
9th place: NVIDIA
Commerzbank significantly reduced its holding in AI giant NVIDIA in the fourth quarter. The financial institution threw 890,321 NVIDIA shares out of its portfolio, thereby reducing its share by 50.9 percent. The remaining 857,826 NVIDIA shares had a value of 115.2 million US dollars at the end of the quarter and slipped from third to ninth place in the bank's portfolio with a portfolio share of 2.77 percent.
Source: sec.gov, Image: Konstantin Savusia / Shutterstock.com
8th place: JPMorgan
In the fourth quarter of 2024, Commerzbank held 535,288 shares in industry colleague JPMorgan - 20,845 shares more than in the previous quarter. In the portfolio, JPMorgan thus moved up one place to eighth place with a share value of 128.31 million US dollars and a portfolio share of 3.09 percent.
Source: sec.gov, Image: TK Kurikawa / Shutterstock.com
7th place: Johnson & Johnson
Meanwhile, Commerzbank's holding in the US pharmaceutical giant Johnson & Johnson fell one place. And this despite the fact that the German financial institution bought 78,141 additional J&J shares in the reporting quarter and increased the total number of shares held to 1,076,053. The shares accounted for 3.75 percent of the total portfolio - the share package was worth 155.62 million US dollars.
Source: sec.gov, Image: josefkubes / Shutterstock.com
6th place: Meta Platforms
Commerzbank pulled the plug on Meta Platforms in the fourth quarter: 22,040 Meta shares were sold, so that the total stake in the Facebook parent company fell by 7.63 percent to 266,968 shares. With a value of 156.31 million US dollars and a portfolio share of 3.76 percent, it was only enough for sixth place among the financial institution's largest US holdings, after fifth place last year.
Source: sec.gov, Image: Valeriya Zankovych / Shutterstock.com
5th place: Procter & Gamble
Meanwhile, Commerzbank 's stake in the pharmaceutical company Procter & Gamble was significantly increased in the fourth quarter: the bank acquired 416,872 P&G shares in the reporting quarter, increasing its stake by 71.90 percent to 996,675 shares. This put the Procter & Gamble stake, which was worth 167.09 million dollars at the end of the year, among the top 5 in the Commerzbank portfolio. The portfolio share was 4.02 percent.
Source: sec.gov, Image: Gil C / Shutterstock.com
4th place: Apple
Tech giant Apple remained an integral part of the Commerzbank portfolio in the final quarter of 2024. At the end of the year, the bank held 931,871 Apple shares: 340,3272 more than in the previous quarter. This brought Apple a jump from eighth to fourth place in the Commerzbank portfolio: the Apple stake, which accounted for 5.62 percent of the portfolio, was worth 233.36 million US dollars.
Source: sec.gov, Image: 1000 Words / Shutterstock.com
3rd place: Broadcom
In the third quarter, Broadcom was among Commerzbank 's four largest US holdings, and in the fourth quarter it moved up another place. This is notable in that Commerzbank slightly reduced its Broadcom holding in the past quarter by 7,743 shares to a final total of 1,006,848 shares. The value of the shares at the end of the year was 233.43 million US dollars, and the portfolio share was 5.62 percent.
Source: sec.gov, Image: Ken Wolter / Shutterstock.com
2nd place: Alphabet A
Commerzbank's stake in Google's parent company Alphabet remained in second place in the fourth quarter. The German bank increased its holdings of the company's Class A shares by 3.92 percent, increasing its stake by 56,977 shares to 1,509,290 shares. The share package was worth $285.71 million at the end of the quarter and accounted for 6.88 percent of the total portfolio.
Source: sec.gov, Image: JPstock / Shutterstock.com
1st place: Microsoft
Commerzbank 's largest US holding in the final quarter of 2024 remained the tech giant Microsoft . The Germans held 862,865 Microsoft shares at the end of the reporting quarter - that was 3.85 percent or 34,568 shares less than in the previous quarter. The value of the holding was 363.7 million dollars - 8.76 percent of the total portfolio consisted of Microsoft shares.
Source: sec.gov, Image: Volodymyr Kyrylyuk / Shutterstock.com
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